Emma Watson starts shooting for Little.... page no. 02
Shubh Navratri
Do not compare Prithvi Shaw with anyone....
page no. 3
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News India is at forefront of social entrepreneurs: Niti Aayog vice-chairman New Delhi : India cannot make a transition to becoming a high middle income economy by concentrating exclusively on profits, said NITI Aayog vice chairman Rajiv Kumar on Thursday. He was speaking at the social entrepreneur of the year (SEOY) 2018 award organised by the Schwab Foundation for Social Entrepreneurship, an affiliate of the World Economic Forum, and the Jubilant Bhartia Foundation of the Jubilant Bhartia Group. Kumar said social entrepreneurship is where the real change is taking place. “The key, in my view, is that these are people who are doing well by doing good and they create value and do work devoted to serving the underserved,” he added Kumar said the NITI Aayog too has set up five incubation centres that work with social entrepreneurs helping create livelihoods.
Confusion over Rahul Gandhi’s meeting with HAL employees Bengaluru : Congress president Rahul Gandhi’s proposed meeting with retired and current employees of the Hindustan Aeronautics Ltd (HAL), on Saturday, has created a flutter as it is not clear as to who is organising the event. The Congress says it was retired HAL employees who approached the party. State Congress president Dinesh Gundu Rao said Gandhi will hold a meeting with some retired HAL employees, who were allegedly pained by some Bharatiya Janata Party (BJP) leaders claiming that the state-owned aerospace and defence company was incapable to delivering on the Rafale deal. “There is a meeting with HAL employees on the contribution of HAL to the country. This is because our own defence minister and BJP leaders have said HAL lacks the capability to come through on the Rafale deal. We want to do this because HAL is an asset of the country and has contributed massively to the country’s defence sector,” he said.
Sensex crashes over 750 points, Nifty below 10,300; over Rs 3 lakh crore investor wealth wiped out
Mumbai : The BSE Sensex slumped over 750 points to end at a six-month low and the Nifty ended below the 10,300 mark Thursday as global indices witnessed acrossthe-board losses after investor sentiment was hit by heavy selloff in world markets. Continuous outflows by foreign funds also added to investor woes. The BSE Sensex which commenced with a gap down opening, cracked over 1,000 points, breaching the 34,000mark and hit a low of 33,723.53, before staging a partial recovery to touch a high of 34,325.09 in afternoon trade, It finally ended 759.74 points, or 2.19 per cent, lower at 34,001.15 - the lowest closing since April 11, reported PTI. The Sensex had gained 461.42 points Wednesday. “The sell-off was in sync with the slide in Asian markets after a sharp fall in the US equities on Wednesday. Rising US interest rates, and US-China trade tension will likely hurt corporate profits.” Vinod Nair, Head of Research, Geojit Financial Services told news aganacy.
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The severe cyclonic storm wreaked havoc on infrastructure, blocking roads and hampering emergency work. Television footage showed tin roofs of several houses being blown away.
Eight killed as Cyclone Titli lashes Andhra-Odisha coast
Bhubaneswar : Cyclone Titli left eight people dead in Andhra Pradesh as it made landfall near Palasa in Srikakulam district, southwest of Odisha’s Gopalpur, on Thursday. While no death was reported from Odisha, the cyclone with a wind speed of 150 km per hour uprooted trees, power installations, disrupted rail and traffic in two states, officials said. The fishermen were swept away at sea and another two people died in Andhra Pradesh’s Sarigujjula mandal of Srikakulam district as Cyclone Titli hit the coast, said an official release from the state chief minister’s office. About
150 fishermen from Vizianagaram district ventured into deep sea for fishing 10 days ago and six of them were swept away by the current when their boats were anchored at the coast in Ganjam of Odisha following a cyclone warning, it is said. Officials said the Coast Guard, NDRF and ODRAF personnel rescued eight fishermen near Gopalpur coast. The two people killed in Sarigujjula were identified as T Appalanarsamma, 62, and M Surya Rao, 58. Appalanarsamma was killed after a tree fell on her due to the impact of high-speed winds and Rao died in a house collapse.
october 12, 2018, friday
After Cyclone Titli, Odisha braces for possible floods As the very severe cyclonic storm Titli made landfall in Gopalpur and led to a downpour in eight districts, Odisha is facing a possible flood situation in its coastal belt on Thursday, an official said. The India Meteorological Department (IMD) said heavy to very heavy rainfall at a few places, and extremely heavy rainfall at isolated places, is very likely in Odisha in the next 24 hours. “We believe that the entire state, except some western parts, is likely to receive rain throughout the day. Depending upon the rainfall, we may see some flood in coastal Odisha. However, there is no flood-like situation as of now,” said Odisha chief secretary Aditya Prasad Padhi.
Mo : 98250 98053
‘Clear-cut case of corruption’: Rahul attacks PM Modi, govt over new Rafale report
New Delhi : In a fresh attack on Prime Minister Narendra Modi over the Rafale deal, Congress president Rahul Gandhi on Thursday called the Rs 59,000 crore deal for 36 fighter jets a “clear-cut case of corruption” and accused the government of a cover up. Gandhi also questioned the timing of defence minister Nirmala Sitharaman’s three-day visit to France. “I don’t know what the emergency is... It is pretty clear that there is a huge cover-up... India’s Defence Minister going to France... What can be a clearer,” he said at Gandhi said at a hurriedly-convened press conference. Gandhi’s criticism comes a day after a French media report suggested that the
French aviation firm had been told to partner with Anil Ambani’s Reliance Group, based on a 2017 Dassault document. The company has denied this interpretation, underlining that it had “freely chosen” Anil Ambani’s Reliance Group as an offset partner for the Rafale deal. The Congress president was dismissive of Dassault Aviation’s denials. “Remember one thing. Dassault is sitting on a huge contract. It will say what Indian govt wants them to say,” said Gandhi who is spearheading the opposition campaign against Prime Minister Narendra Modi at the centre ahead of key state elections and Lok Sabha elections next year.
Protesting student throws AMU scholar-turned-militant among shoe at Nitish Kumar 2 shot dead in Kashmir encounter
New Delhi : A student protesting against reservation hurled a sandal at Bihar Chief Minister Nitish Kumar on Thursday here but it missed the target by a few metres, police said. The Chief Minister along with his senior ministers was present at a public function in Bapu Sabhgar when Chandan Kumar Tiwari threw
the footwear at him. Tiwari was quickly detained by the police. But some Janata Dal-United workers still managed to thrash him before the student was taken away. Tiwari told the media he was against reservation and has been protesting against the Nitish Kumarled National Democratic Alliance (NDA) government in Bihar.
#MeToo movement: It is for the gentleman to issue statement, says Smriti Irani on allegations against MJ Akbar
New Delhi : With the #MeToo movement gaining momentum across the country, Union Minister Smriti Irani on Thursday said her colleague M J Akbar is in a better position to speak over the allegations of sexual harassment against him. Irani said this when she was asked to comment on the matter. “It is for the gentleman in question to issue a statement. It would not be proper for me
to comment because I wasn’t present. But at the same time do not judge the women speaking out because it must be extremely difficult for them to do so,” the minister said. Irani’s reaction comes after seven women have come on record to accuse Minister of State for External Affairs Akbar of sexual harassment and inappropriate behaviour when he worked as a newspaper editor.
Srinagar : Two Hizbul Mujahideen militants, including a PhD scholar, were killed on Thursday during an encounter with security forces in north Kashmir’s Handwara district, officials said. Manan Bashir Wani and his associate Ashiq Hussain Zarger, a resident of Langate, were killed in the encounter at Shatgund Bala village early morning. The Army and J&K police’s Special Operation Group launched a joint operation in the early hours of the day after receiving inputs about militants hiding there. As the searches were on, militants opened fire on the forces triggering retaliation from the troops. The firing stopped for some time, and resumed again when the forces tried to get inside
Industry 4.0 will change nature of jobs, says Narendra Modi
New Delhi : Allaying fears that technology will drive out jobs from the market, Prime Minister Narendra Modi said on Thursday that the “4th Industrial Revolution” will create more opportunities while changing the nature of jobs. Launching the World Economic Forum (WEF) Centre for the Fourth Industrial Revolution here on Thursday, the PM said the NDA government is willing to change policies to reap dividends of the fourth industrial revolution. “Our diversity, our demographic potential, fastgrowing market size and digital infrastructure has potential to make India a global hub for research and implementation,” he said. Modi was hopeful that the country’s contribution to the next Industrial Revolution would be “astonishing”. “India was not independent when the first and second industrial revolutions happened. When the third industrial revolution happened, India was struggling with challenges of just attained independence,” he said.
the house the militants were hiding in, resulting in a fresh encounter. Police made repeated announcements appealing the militants to surrender, officials said. By afternoon, the operation ended and police recovered both the bodies. Wani (27), who was enrolled as a PhD scholar with the Aligarh Muslim University
(AMU), joined militant ranks in January this year and was spotted with militants in south Kashmir carrying AK 47 rifle. He joined the Hizbul Mujahideen and was assigned to revive militancy in frontier district of Kupwara and officials said used to lure young educated men towards militancy.
Clean Ganga activist GD Agarwal dies after fasting for 111 days, Centre says most demands met
Haridwar : Environmental activist and rationalist GD Agarwal, a former Indian Institute of Technoloy (IIT) professor popularly known as Swami Gyanswarup Sanand, died in a Rishikesh hospital on Thursday, the 112th day of a hunger strike demanding a law to save the Ganga, scrapping of hydropower projects on the river, and free flow of its waters. Agarwal, who was 86, was taken to the All India Institute of Medical Sciences (AIIMS), Rishikesh, by the administration of neighbouring Haridwar in Uttarakhand
on Wednesday, a day after he stopped drinking even water. He had been accepting water with honey during the duration of his hunger strike, which he started on June 22. “The seer is dead. On October 9 he declared (his intention) to quit water, following which the next day we admitted him at AIIMS on Wednesday afternoon,” said Deepak Rawat, district magistrate (DM) of Haridwar. Dr Ravi Kant, the director of AIIMS, Rishikesh, said Agarwal died of cardiac arrest coupled with arrhythmia at around 2pm.
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Hollywood - Bollywood In the video posted on social media the actress is seen urging people to share their story.
friday, 12 october, 2018
The costs of sexual harassment in the workplace
The Indian media and entertainment industry’s moment of reckoning has been a long time coming. The numerous accounts of sexual harassment by women on social media over the past few days have named men of accomplishment and power, from journalists and actors to comedians and advertising professionals. They have shown with painful clarity the culture of impunity and entitlement that has enabled such men. It is tempting, if cynical, to say that those surprised by this have chosen to be so. There is a reason the #MeToo campaign, started in the US last year with the New York Times’ exposure of Harvey Weinstein, has been driven by social media. Workplace sexual harassment and abuse are offences that often don’t leave a trail of evidence. ‘He said, she said’ scenarios are stacked against the victim to begin with. When legal and workplace systems of grievance and redressal are weak, it skews the balance of power further. The cases where there is, in fact, evidence often don’t fare much better. Whisper networks and social media campaigns are logical responses by women. They are end-runs around patriarchal institutions and systems. They also raise messy questions about proof and public shaming. But that makes understanding why formal mechanisms have failed women all the more important. That they have done so is apparent from the allegations over the past few days. Many of these allegations have at least one of three elements in common. First, women who were harassed did not speak out at the time because of a misogynistic environment that normalized such behaviour or made the cost of speaking up too great to bear. Second, they wished to take action but could not due to a lack of institutional infrastructure and support. Third, they did speak out but their complaints were dismissed, or worse, boomeranged. Taken together, this shows a profoundly broken system. The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, built on the Vishaka Guidelines issued by the Supreme Court in 1997, was aimed at fixing this. There has been some progress. According to annual reports and anti-sexual harassment advisory Complykaro. com, the number of cases reported has risen year on year among the 50 largest companies by market valuation. This is a good thing. It shows that the internal complaints committees (ICCs) mandated by the Act are allowing more targets of sexual harassment to come forward. But this comes with plenty of caveats. The bulk of the complaints are concentrated in the IT and finance sectors. In fact, four companies account for more than half the complaints.
- Kapilkumar M. Hirpara
Editor
Depression is like any other illness: Deepika Padukone
New Delhi : Today, on World Mental Health Day actress Deepika Padukone, who openly spoke about her depression, posted a video narrating her suffering. In the video posted on social media the actress is seen urging people to share their story. “In 2014 I was diagonsed with clinical depression but in India, 90 per cent of the people who suffer from clinical depression don’t seek help. Depression is like any other illness
that requires intervention. So if you are someone who has experienced any form of mental illness I urge you to share your story by using the # Not ashamed,” she said in the video. To the video posted on Instagram she captioned it, “90% of India’s population is unaware of what they’re experiencing mentally & emotionally. There are others who refuse to seek help due to the stigma attached to mental illnesses.
Prateik Babbar refuses to give blood sample after car mishap in Goa
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Amitabh Bachchan, who turned 76 today, chose his birthday to share his take on the MeToo movement in India. The Bollywood megastar said acts of sexual abuse should immediately be brought to the notice of concerned authorities.
Sanya Malhotra’s dying to dance
Mumbai :Sanya Malhotra has delivered powerful performances in her first two films — Dangal and Pataakha. As she gears up for the release of Badhaai Ho, the actress reveals that she’s dying to do a proper dance number. For those of you who don’t already know this, Sanya actually choreographed the song Sexy Baliye in Secret Superstar, but she hasn’t done the whole Bollywood song-and-dance routine herself. “I am dying to do a dance number. I am a trained dancer and I love dancing. I want to experiment with something in that space. Though I am not a choreographer, Advait (the director of Secret Superstar) said to me, ‘Let’s do a promotional song with Aamir,’ and we did it,” she says.
New Delhi : Bollywood actor Prateik Babbar has refused to give his blood sample for analysis after he was booked by the Goa Police for rash driving, a police official said Thursday. The police wanted his blood sample to check whether the actor, who is in his early 30s, was driving under the influence of alcohol, the official said. Babbar’s car allegedly dashed a scooter on the Panaji-Mapusa highway Wednesday evening following which a case of rash driving was registered against him. “When Babbar was taken
for medical examination at the state-run Asilo Hospital in Mapusa town, he refused to give his blood sample,” Porvorim police station inspector Paresh Naik told PTI. A case under the Motor Vehicles Act was registered, while a probe was on to check whether Babbar could also be booked under IPC sections as the scooter rider alleged that the actor threatened him after the mishap, he said Babbar has been called Thursday at the Porvorim police station for questioning, Naik added.
Amitabh Bachchan: No woman should ever be subjected to any kind of misbehaviour
New Delhi : On the occasion of his 76th birthday, Bollywood megastar Amitabh Bachchan shared an interview where he has responded to questions ranging from his birthday plans, unfulfilled dreams, his upcoming films and women’s safety at the workplace. Bachchan tweeted the long reply to the questions that were posed to him by Subhash K Jha. While tackling several topics, Jha asked him, “Amitji, we are going through some of the toughest times this nation has ever seen. How do you view the atrocities against women children and weaker sections? Do you feel there is a
Emma Watson Singh is Kingg 2 won’t be made starts shooting for without Akshay Kumar’s consent Little Women New Delhi : According to reports doing the rounds, filmmaker Vipul Shah is all set make a sequel to his 2008 Akshay Kumar-starrer Singh Is Kinng, with his Namaste England hero Arjun Kapoor in the lead. But when we reach out to Vipul, he’s quick to dismiss the reports as false. “I have no idea where this news has come from. Sigh Is Kinng is a copyrighted title owned by me and Akshay Kumar. And if a sequel to the film is made, Akshay will have a huge say in it. Right now, there is no script in place,” he says.Meanwhile, the filmmaker, who’s experiencing a lull since the failure of his 2009 film London Dreams, is hoping to strike gold with his upcoming release — Namaste England. He calls his past failures a huge learning experience.
“I think every filmmaker, even the greatest, has seen failure. In general, if you look at the careers of successful people, their successes and failures are almost on par. But people remember them for the good films that they
have made. So you shouldn’t worry about failure. Even though London Dreams didn’t do well, a lot of ad filmmakers have said that they use the film as a kind of manual to teach their juniors how to make a film,” Vipul says.
solution to the social inequality that fosters widespread injustice? Sexual harassment at workplaces especially in the entertainment business is one of the vital issues being addressed today. How do you look at the problem of women’s safety at workplaces?” Amitabh Bachchan’s response read, “No woman should ever be subjected to any kind of misbehavior, or disorderly conduct; especially at her workplace. Such acts should immediately be brought to the notice of concerned authorities, and corrective measures be taken, either through filing complaints or a recourse to law.
Sonakshi Sinha recreates Helen’s moves, again
Mumbai : Sonakshi Sinha has just shot her third retro-inspired item song of the year. After grooving to Rafta Rafta in Yamla Pagla Deewana Phir Se and Mera Naam Chin Chin Chu in Happy Phirr Bhag Jayegi, the actress has recreated yesteryear star Helen’s moves in Mungda, a song originally sung by Usha Mangeshkar. “It is a very iconic song, and I am
thrilled to have done it. It sounds like a cliché, but I am very excited about the song. It is the second song of Helen aunty’s that I have done in one year. She is such a legend, and Mungda is such a catchy song. The music has also been redone very well,” Sonakshi says. Last year, Sonakshi also featured in a remake of the song Gulabi Aankhen in her film Noor.
In the wake of #MeToo campaign, Parineeti too has asked other victims to come out in open about their stories.
The film is set to be released on Christmas in 2019. los enjales : Emma Watson has started filming the upcoming Little Women remake! The 28-year-old actress was seen in full costume walking to her location on the set of the movie in Boston recently, reports People.com. Emma will be seen playing the role of
Meg March in the Greta Gerwig-directed movie. Saoirse Ronan will play Jo, Florence Pugh will play Amy, Timothée Chalamet will play Laurie, Laura Dern will play Marmie, and Meryl Streep will play Aunt March. The film is set to be released on Christmas in 2019.
#MeToo: Arjun Kapoor feels ‘As humans, we need to listen, understand and absorb’ Mumbai: In the wake of the ongoing #MeToo campaign, Parineeti Chopra has called on other victims to come out in open about their stories. While speaking to ANI, the actor passed on a message to the people who are still scared of speaking out, saying the time has come to do the same. “We are surrounded by people who will support us. If you fail to speak up now, you will have to live with it forever,” said the 29-year-old. She further stressed, “The thing worse than this would be to not be able to punish those men who have done them wrong. They will just be living a normal life and will get more freedom to do the same to someone else as well.” Her ‘Namaste England’ co-star, Arjun Kapoor,
lauded the courage of the #MeToo survivors and said, “The women, who are now opening up about their sexual harassment stories after so many years, have lived with the pain for this long. Their courage is commendable. We, as men, need to listen to that. We, as human beings, need to listen, understand and absorb.” The ‘Half Girlfriend’ star asserted that we need to understand this matter and act upon it very carefully “as it can affect the future generations as well. The mistakes that were made in the past cannot be changed, but we need to teach the correct thing to the coming generation.” “As an industry, we could be the villain right now, as it is because of the industry that the message is being passed on.
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India vs West Indies: After scoring a century in his maiden Test against West Indies, Prithvi Shaw has been compared with Sachin Tendulkar and Virender Sehwag.
Do not compare Prithvi Shaw with SV Sunil in serious anyone, give him space, says Kohli doubt for hockey World Cup due to knee injury
Bhubaneswar : In a major setback for the Indian hockey team, star striker S V Sunil has been all but ruled out of next month’s World Cup after suffering a knee injury. Sunil suffered the ligament injury on his left knee on October 4 during India’s ongoing preparatory camp. He will require four to five weeks to recover from the injury, which virtually shuts the door on him for the World Cup to be held here from November 28 to December 16. “I suffered the injury while diving for a ball during training on October 4. I have consulted specialists here and the MRI revealed it is an Lateral Collateral Ligament injury (LCL)
injury,” Sunil told PTI at the Bhubaneswar airport. “Initially there was massive swelling and then the doctors here said that there appears to be a slight gap in the knee joint,” he added. Sunil is flying to Delhi on Thursday to consult Hockey India’s official doctor B K Nayak after which his availability for the World Cup will be known. He, however, still remains hopeful. “I am still hopeful because a week has already passed and recovery from the LCL injury generally takes four weeks. Let’s see what happens. I will get a clear picture tomorrow. But if I can’t play in the World Cup that would be a massive loss for me,” he said.
Business Softening crude oil prices and the greenback weakening against other currencies provided support to the home unit.
Rupee recovers after slumping to record low, up 9 paise against US dollar
Mumbai: The rupee climbed 9 paise to end at 74.12 per dollar on Thursday after tumbling to a fresh lifetime low in intra-day trade amid a sharp sell-off in global markets. Softening crude oil prices and the greenback weakening against other currencies provided support to the home unit, brokers said. Asian and European equities sank deep into the red after US markets reeled due to concerns surrounding global growth and rising bond yields. At the Interbank Foreign Exchange (Forex), the rupee opened lower at 74.37 and lost further ground to hit a record intra-day low of 74.50 against the US dollar on strong demand for
the American currency from importers amid unabated foreign fund outflows. However, the rupee clawed back lost ground and finally settled for the day at 74.12, up by 9 paise, posting a gain for the second consecutive day in an otherwise volatile market. On Wednesday, the rupee rose by 18 paise to 74.21. “Rupee gained due to falling oil prices and slide in domestic bond yield. Oil prices declined in expectation of increased production and if this trend continues, the rupee may find some stability,” Geojit Financial Services Head of Research Vinod Nair said. Brent crude was trading at USD 81.54 per barrel, down 1.87 per cent.
New Delhi : With Prithvi Shaw scoring a ton in his maiden Test against West Indies at Rajkot, the teenage sensation has invited comparisons with Sachin Tendulkar and Virender Sehwag from fans and the media. Speaking to reporters at the press conference ahead of the 2nd Test, skipper Virat Kohli insisted that the 18-year-old should be given space to grow. “I don’t think he should be rushed into anything yet because you need to give a youngster a space to grow, in his own abilities. This guy is supremely talented and he has got great ability as everyone saw,” the captain said. Shaw scored 134 runs in 154 balls in the first innings of the first Test. Kohli admired the talent and said that Shaw is a sharp learner who plays as per
the situations. “We definitely think he (Shaw) has it in him to play at the highest level and he can repeat what he did in the first game. He is a very keen learner, a sharp guy. He understands situations well. We are all very happy for him,” the 29-year-old said. But the captain insisted that he should not
be compared to former legends as it might put pressure on him. “We shouldn’t compare him to anyone yet. We shouldn’t put him in a space where he feels pressure of any kind and he should be left in a space where he enjoys his cricket and slowly grows into a player we all believe in,” Kohli said.
India vs West Indies: Devendra Bishoo on a journey of discovery in India
New Delhi : THE FIRST thing that Devendra Bishoo does upon checking into a hotel room is figure out which direction the sun rises from in order to set up his mini temple. But since his team reached Hyderabad only on Tuesday night for the second Test, the West Indies leg-spinner had to wake up at the break of dawn Wednesday to watch the sun and arrange his murtis — Shiva, Ganesha and Durga, among others — and his copy of the Hanuman Chalisa. The
32-year-old Guyanese leg-spinner of Hindu origin says he wakes up earlier than most of his teammates, even on match days, to recite the Gayatri mantra and do his morning puja before leaving for the ground. It’s a tradition that Bishoo follows wherever he is. But nowhere does he get more excited about connecting with his roots than when he is in India. This is Bishoo’s first trip here in over seven years. A cricket tour to India is more than just proving his worth as a spinner on helpful pitches.
When Real Madrid scored goals, nobody remembered Cristiano Ronaldo, says Nacho
With Real Madrid failing to register a win in previous four games, questions have been raised whether the Spanish club is missing Cristiano Ronaldo. New Delhi : Despite not scoring a single goal in previous for games, Real Madrid defender Nacho insisted that the Spanish club is not missing on Cristiano Ronaldo. The Portuguese forward, who scored 43 goals in the previous season for the club, moved to Juventus at the start of this season after nine years with Real. Speaking to EFE, Nacho said that when Real Madrid were scoring goals at the start, no one remembered Ronaldo. “At the beginning of the season we scored many goals and nobody remembered Cristiano Ronaldo. He started at Juventus without scoring score a goal and it was said that because he left Real Madrid he
Mahindra inks pact with Castrol for supply of engine lubricants New Delhi: Mahindra & Mahindra (M&M) on Thursday said it has inked a pact with lubricant manufacturing firm Castrol India. Under the aegis of the agreement, Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors. “We look forward to partnering with Castrol and benefitting from their strong reputation, high quality products and widespread distribution network pan India through its over 1 lakh strong retail outlets,” M&M President & Chief Purchase Officer, Powerol & Spares Business Hemant Sikka said. Castrol India Managing Director Omer Dormen said both the organisations share similar values thriving on worldclass technology, innovation and sustainability for the future. Based on formulation exclusively developed by Mahindra for use in their tractors, specifically for engine and wet-brake applications, Castrol will supply these products through its wide distribution network.
was not scoring. In football everything changes,” the Spanish defender said. The right-back further added that Los Blancos need to move on from the past. “Cristiano was very important for us because at the end he scored 50 goals a season, but we are not to blame and we cannot feel sorry for ourselves and live in the past. We have to move on with the players we have. We have a very with squad and we are prepared for everything,” he said. Speaking on the under-pressure manager Julen Lupetegui, the 28-year-old said the players completely back the Spanish manager. “We, the players, are with the manager to the death. We are calm.
SOUND OF LIC’s open offer for 26 pc Gits Food unveils its new stake in IDBI Bank to begin campaign& packaging this JAGUAR I-PACE PROTECTS from December 3 festive season ROAD USERS New Delhi: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kickstart from December 3, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on December 14. LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26 per cent of the fully paid-up equity capital of IDBI Bank as per the open offer process in accordance with Sebi regulations, IDBI Bank said in a regulatory filing. The open offer is in connection with the LIC’s acquisition of 51 per cent controlling stake in the state-owned IDBI Bank. As per Sebi takeover code rules, an acquirer company has to give an open offer to the shareholders of the target company on acquiring shares or voting rights of 25 per cent or more, so that they get an exit route or earn profit by way of selling their equity in the target company. The LIC will buy shares in the open offer at a price of Rs 61.73 per share. As on date, he acquirer (LIC) holds 67,36,20,000 equity shares representing 14.90 per cent of the voting rights in target company (IDBI Bank).
National, September 2018:Gits Food Products Pvt. Ltd, the pioneer in convenience foods in the country, has launched its latest campaign ahead of the festive season. Conceptualized by Lowe Lintas, the campaign will encompass a series of heartwarming videos. The campaign also unveils the new packaging of the brand. The campaignhinges on a common situation faced during the festive season – being all-time guest ready with delectable festive food. Gits anticipates this and offers the perfect solution with its delicious and authentic quality products.The campaign delivers in
a truly touching and humorous fashion, the ease of making Gits desserts, thereby inspiringviewers to whip up all-time favourite festive desserts in 3 easy steps. Reflecting his thoughts on the new campaign, Mr. Sahil Gilani, Director, Sales and Marketing, Gits Foods said, “We are thrilled to unveil our new campaign.Festivals like Diwali are about togethernessand we believe that times like theseare to be thoroughly enjoyed with family and friends, without spending too much time in the kitchen. Since 1963 Gits has been a silent partner in preparing delicious homemade sweets within minutes.
Whitley, UK: With no engine sound, the electric Jaguar I-PACE required a new way to warn blind, visually impaired and other vulnerable road users it is approaching at low speed. Jaguar has designed a unique Audible Vehicle Alert System (AVAS) for its first EV that meets and exceeds all forthcoming global legislation. Jaguar’s engineers have developed a sound that can be heard at speeds up to 20 km/h and exceeds the 56dB(A) minimum required by forthcoming European legislation – the strictest in the world – for all new EVs from July 2019. The I-PACE’s sound was tested by members of Guide Dogs for the Blind.
Ikea to launch e-commerce operations in India by March 2019 Bengaluru: Swedish home furnishings retailer Ikea would commence its e-commerce operations in the country by March next year, Ikea India Chief Executive Officer Peter Betzel said on Thursday. “Ikea will create a multichannel experience for its customers in India. It will launch ecommerce in Mumbai early next summer (March) and introduce other touch points to bring the brand closer to customers,” he told PTI here. Betzel, who attended the groundbreaking ceremony of Ikea’s third India store here on Thursday, said the company already had an online platform and was now in the process of connecting different platforms to maximise business prospects.
Asked about the size of investment made in building the IT infrastructure,
Betzel said “investments are going into fulfilment part.” On whether online trade
would be their focal point to generate revenues in coming days, Betzel said Ikea was looking at total integration of both platforms. However, the company expected high number of online orders in coming days, he added. Replying to a question when the company expects its venture to be profitable in view of fierce competition from e-retailer majors like Amazon and Flipkart-Walmart, Betzel said Ikea was certainly looking at profitability by developing the business online with physical meeting points. “When Ikea will be profitable? I cannot tell now, but certainly we are aiming at profitability in coming years,” he added.
4 / Dt. 12-10-2018, friday, Ahmedabad
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40 global leaders participating in Vibrant Gujarat Start-up and Technology Sumit-2018
“Gujarat approves 184 start-ups, plans to promote 2,000 new enterprises with investment of Rs.7,000-cr by 2021,” says Rupani
Gandhinagar : Gujarat Chief Minister Vijay Rupaniinaugurated the 3-day Vibrant Gujarat Startup and Technology Summit-2018 here today. Delivering his inaugural address, he dubbed it as the biggest summit of its kind with 40 global leaders providing guidance in dayto-day challenges. He said that Gujarat led in announcing Start-up Policy, having approved 184 startups, backed by over 60 universities and 1,000 educational institutes to benefit lakhs of students. Gujarat now plansto promote 2,000 new enterprises in the state with an investment of Rs.7,000-crore by 2021. The market value of Indian start-up sector is estimated to be USD 20 billion. He recalled it was Prime Minister Narendra Modi’s initiative to give importance to Make in India and Start-up India models, providing an opportunity through simplification, handholding, funding support and incentive partnership between industry and academia. Mr. Rupani called on youth start-ups to
upgrade technology with changing times through determination, innovation and exchange of ideas. He exuded confidence that democratic dividend would usher in a start-up revolution, making India Global Guru. Canada’s Consul and Trade Commissioner in Mumbai Chad Henslerwished the summit would strengthen economic relation between Canada and Gujarat. Nasscom President Debjani Ghosh said that business acumen is in the DNA of Gujarati people. She said they would lead the country by encouraging new
talents by combining new ideas and innovations with technology. Tech Mahindra CEO C.P. Gurnani said that Gujarat has the potential to be the new start-up capital of India. Gujarat Chief Secretary J.N. Singhsaid the present Start-up and Technology Summit linked to Eco System assumes special significance. He said the Summit would provide a platform for NextGen new ideas and innovative solutions for various sectors like agriculture, health and education. He said that one-third of entries for the Rs.3-crore prizes announced
by the Gujarat Government came from Gujarat alone. Gujarat is capable of contributing to onetenth of development in IT Sector. A MoU was signed between Yes Bank and GIDC Gujarat Government for providing incentive to entrepreneurs. The dignitaries released a coffee table book on “Agrim Gujarati’ and ‘Startup Gujarat’ and a IndoSwiss block chain developed by Swiss-based Technology Group. Those present on the occasion included GESIA IT Associations’ VivekOgra, Sweden Consul General Those present on the occasion included GESIA IT Association’s VivekOgra, Sweden Consul General in Mumbai Ulrika Sundberg, Gujarat’s Additional Chief Secretary for Finance Arvind Agrawal, Chief Minister’s Principal Secretary M.K. Das, GIDC Vice-Chairman & MD D. Thara, Industries Commissioner MamtaVerma, officers and entrepreneurs from different parts of the country.
Gujarat migrant exodus: In district that was epicentre of attacks, anger about outsiders taking jobs Sabarkantha : Almost two weeks after a Bihari man allegedly raped a 14-monthold child in Gujarat’s Sabarkantha district on September 28, sparking attacks on migrants that prompted an estimated 50,000 people from Uttar Pradesh, Bihar and Madhya Pradesh to flee the state, work slowly resumed on Tuesday in factories in the block in which the violence started.
Despite rumours of a bandh in the district headquarters at Himmatnagar and an attack on a factory in Idar as recently as Monday, manufacturing operations were getting underway again. News of the alleged rape outside a ceramics unit near Sabarkantha’s Gambhoi town last fortnight had led to migrants being attacked in at least seven of Gujarat’s
33 districts. Several factories had to suspend operations for lack of workers. As of Tuesday, approximately 450 people had been arrested for the attacks. Two weeks later, observers are still trying to understand why the alleged rape of the child resulted in so much violence. Part of the blame is being attributed to Alpesh Thakor.
Alpesh Thakor Ends ‘Goodwill’ Fast, Says He Case filed against Gujarat CM Vijay Rupani, Alpesh Is Not ‘Spreading Hatred’ Thakor in hate attacks
AHMEDABAD: Congress legislator Alpesh Thakor, who is facing the heat over the violence against Hindi-speaking migrants in Gujarat, observed a day-long fast in Ahmedabad today for “peace and harmony” and asserted that “no one is a migrant”. He said “someone may have said something” against the migrants and that the real culprits were those who politicised the issue. He ended the fast in the evening by drinking a glass of juice offered by a girl from a migrant family. After the rape of a 14-month-old girl in Sabarkantha district on September 28 and arrest of a labourer hailing from Bihar for the crime, six districts in
Gujarat have seen incidents of violence against Hindi-speaking migrant workers. The attacks led to exodus of an estimated over 60,000 migrants, mostly from Uttar Pradesh, Bihar and Madhya Pradesh. In his address, at the venue of his ‘Sadbhavna Upvas’ (goodwill fast) near his residence in the Ranip area in the city, Mr Thakor said he never spread hatred. “I am not at all into spreading hatred... We (his Thakor community) are pure at heart. It is possible that someone may have said something (against migrants), but we do not harbour grudge against anyone. We never indulge in violence,” the Congress leader said.
Muzaffarpur : A case was filed against Gujarat Chief Minister Vijay Rupani and Congress legislator Alpesh Thakor in a Bihar court Thursday in connection with hate attacks on north Indians, particularly from Bihar and Uttar Pradesh, in the western state. Social activist Tamanna Hashmi filed the case at a Muzaffarpur district court. The case was filed under IPC sections 153 (provocation with intent to cause riot), 295 (defiling a place of religious worship) and 504 (intentional insult with intent to provoke breach of peace). Naming Rupani and Thakor as “accused”, the petitioner has
claimed that the violence against people from Bihar has cause him “hurt”. Judge Gaurav Kamal fixed November 2 as the date of hearing the petition. The alleged rape of a 14-month-old girl in Sabarkantha district of Gujarat by a resident of Bihar on September 30 had triggered attacks by locals on migrants from the two northern states, forcing many of them to return home. Thakor had publicly blamed a “non-Gujarati” for the crime. The case was filed under IPC sections 153 (provocation with intent to cause riot), 295 (defiling a place of religious worship) and 504 (intentional insult with intent to provoke breach of peace).
international Donald Trump is rerouting world’s oil tankers
Washington : US President Donald Trump is redirecting global oil flows. West African and Latin American producers are sending ever-growing volumes of crude to China. America’s exports to the Asian country have slumped in favour of its neighbours. There’s an urgent global need to find replacement barrels for Iran’s, whose exports might just collapse next month. The thing that connects the shifting flows is Trump’s foreign policy. China’s slumping purchases of American crude — and its extra buying from elsewhere — have coincided with a trade war between the U.S. and the Asian country. Likewise, reimposed sanctions on Iran, which start Nov. 4, have increased the need for the type of heavy, sour crude that the Persian Gulf state sells. “If you combine the impact of U.S. sanctions on Iran and the U.S. trade war with China, it is Trump’s foreign policy which is reshaping oil flows,” said Olivier Jakob, managing director of consultancy Petromatrix GmbH. “The U.S. is becoming a great energy power and they will use that, we are starting to see the implementation of that in different parts of the energy scene, part of that is being seen today in the oil flows.”
Tony Blair says UK needs a referendum to stop Brexit
London : The United Kingdom should call a referendum to allow voters to choose between a no-deal Brexit and staying in a reformed European Union as British politics is deadlocked over the issue, former Prime Minister Tony Blair said on Thursday. Less than six months before the United Kingdom’s exit from the European Union, there is little clarity about how the world’s fifth largest economy and its preeminent international financial centre will trade with the EU after Brexit If Prime Minister Theresa May can strike a deal with the EU, she has to get it approved by the British parliament, which is deeply divided over Brexit. Some members of her ruling Conservative Party are unhappy about the Brexit proposals she has made, and the main opposition Labour Party has indicated it is likely to vote down any deal May brings back. Blair, a former Labour prime minister, said he did not expect May to be able to get a deal through parliament so the country should be offered a new vote. “It really is difficult… The alternatives are all worse because if you do get to a blockage in parliament that is what opens up the possibility of going back to the people,” Blair, who was premier from 1997 to 2007, told a Reuters newsmaker in London.
IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules
Gujarat: Panel may bring Rs 1.29 lakh cr relief to stranded power projects
Ahmedabad : The recommendations of a highpowered committee on stranded power projects set up by the Gujarat government can bring a combined relief of Rs 1.29 lakh crore for Tata, Adani and Essar’s power plants in the state over the next 30 years, according to a source. If the recommendations are implemented, the consumers will have to face the brunt of high power tariffs. A three-member committee comprising former Supreme Court judge Justice R K Agrawal, former RBI Deputy Governor S S Mundra and former Central Electricity Regulatory Commission (CERC) chairperson Pramod Deo was set up by the Gujarat government on July 3,
2018 to find solutions for the three thermal power plants located in the state that were in financial distress. The committee has “submitted its recommendations earlier this month and the three power plants would get a combined benefit of Rs 1.29 lakh crore in next 30 years if the recommendations are implemented”, a source said. “The bankers are already facing a stress of Rs 18,000 crore due to these plants. Besides, the consumers will face the brunt of higher power tariff in the states that inked power purchase agreements with these plants...” The panel’s recommendations are measures to find a resolution to the losses suffered by the three identified power projects
in Gujarat -- 4,000 MW Coastal Gujarat Power Limited of Tata Power, 4,620 MW at Mundra, Adani Power Mundra Limited and 1,200 MW Essar Power Gujarat Power Limited at Salaya. The Supreme Court had ruled that these plants can not pass through the increase in cost of imported coal under change in law clause to consumer. The cost of coal had risen due to change in regulation in Indonesia. The source said, “It is understood that the committee has recommended complete passthrough of fuel costs; extension of PPA (power purchase agreements) term and sacrifice by lenders. The resolution, if adopted, will burden the consumers with the risk of both increase in imported coal
price as well as risk of RupeeUSD exchange rate variations for a period of over 30 years.” He further said, “The risk stands transferred from project developers to consumers and lenders, without any fault of theirs. The Rs 1.29 lakh crore benefit to power developers will burden the consumers in Gujarat, Haryana, Maharashtra, Punjab and Rajasthan.” In Gujarat alone, consumers will have to bear the burden of Rs 90,000 crore. The issues causing hardship to these projects were deliberated at length within the legal and regulatory framework available in the country – the CERC (Central Electricity Authority, APTEL (Appellate Tribunal for Electricity) and the Supreme Court.
Nusa Dua : International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in both trade and currency wars, saying these would hurt global growth and imperil “innocent bystanders.” Formally launching the IMF and World Bank annual meetings on the Indonesian resort island of Bali, Lagarde urged countries to “de-escalate” trade conflicts and fix global trading rules instead of abandoning them. The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other’s goods over the past few months, rattling financial markets as investors worry that the escalating trade conflict could knock global trade and investment. Share markets in Asia plunged to a 19-month low on Thursday after Wall Street’s worst losses in eight months led to broader risk aversion, partly due to the heated global trade tensions as well as rapidly rising dollar yields. “We certainly hope we don’t move in either direction of a trade war or a currency war. It will be detrimental on both accounts for all participants,” Lagarde told a news conference. “And there would also be lots of innocent bystanders,” including countries that are part of China’s supply chain.
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