Month: June 2013

  • Waiver Augurs Well For Indo-US Ties, Say Officials

    Waiver Augurs Well For Indo-US Ties, Say Officials

    NEW DELHI (TIP): New Delhi is happy that Washington has granted another sixmonth waiver to India on Iran-related sanctions just ahead of the fourth Indo-US strategic dialogue. Along with India, China, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey and Taiwan have also qualified for the exemption from sanctions. India has reduced its oil purchases from Iran considerably in the past few years, cutting imports by nearly a fifth.

    China’s reductions have, however, been more modest. An indication about India getting a fresh waiver from sanctions was recently given by US Undersecretary for Political Affairs Wendy Sherman when she visited New Delhi. “They (India) have stood side-by-side with all of us in the international community to say that Iran should not acquire a nuclear weapon.

    We greatly appreciate all of the leadership that India has provided, including their enforcement of sanctions,” she said. Officials here candidly acknowledge that the Indian economy, already going through a rough period, would have suffered greater had India attracted the Iran-related sanctions. The waiver to India is being viewed here as a move that sets a perfect stage for the fourth India-US strategic dialogue to be held here on June 24. ‘

    External Affairs Minister Salman Khurshid and US Secretary of State John Kerry will lead their respective delegations at the dialogue, which will cover the entire range of relationship between the two countries. The US has been nudging India to reduce its engagement with Iran in view of its controversial nuclear program.

    New Delhi has, however, made it clear Washington that it could not be pressed beyond a limit on the issue of Iran, keeping in view its historical ties with the Islamic country. It has also been forthright in stating that it would only abide by UN sanctions against Iran and not those slapped by individual countries, like the US.

  • Dhoni Ranked 16th On Forbes’ List Of Highest-Paid Athletes

    Dhoni Ranked 16th On Forbes’ List Of Highest-Paid Athletes

    NEW YORK (TIP): India skipper Mahendra Singh Dhoni, with earnings of $31.5 million, has been ranked at 16th place on Forbes’ list of highest-paid athletes, which has been topped by golfer Tiger Woods. The magazine said 31-year-old Dhoni moved up 15 positions this year. In 2012, he was placed at 31st position.

    The influential business magazine estimated that Dhoni made $31.5 million over the last year from prize money and endorsements. 37-year-old Woods made $78.1 million followed by tennis star Roger Federer at $71.5 million. Kobe Bryant, American professional basketball player, is third at $61.9 million.

    Federer had topped the 2012 list. This year’s 100-strong list features just three women led by tennis ace Maria Sharapova, who ranks No 22 with earnings of $29 million. Sharapova is joined by No 68 Serena Williams, who raked in $20.5 million, including $8.5 million in prize money. While China’s Li Na ranks 85th overall with earnings of $18.2 million.

  • Rice Named Obama’s National Security Adviser

    Rice Named Obama’s National Security Adviser

    NEW YORK (TIP): In a reshuffle of top foreign policy posts in his second term, U.S. President Barack Obama, on June 5, announced the appointment of the controversial and blunt-spoken U.S. Ambassador to the United Nations, Susan Rice to replace Tom Donilon as his national security adviser.

    He also announced that another longtime aide on the National Security Council staff who began working with Obama when he was still a freshman senator from Illinois, Samantha Power, will replace Rice as Washington’s U.N. envoy, a cabinet position. The moves, which had been anticipated but whose precise timing was uncertain, are considered unlikely to signal major changes in U.S. policy, despite the fact that both Power and Rice have been associated with the more-interventionist tendencies within the Democratic Party.

    “I don’t think this change in personnel marks a turning point in policy,” said Charles Kupchan, a senior fellow at the Council on Foreign Relations. “From the get-go, foreign policy under Obama has been run from the Oval Office, and Obama’s brain trust has included primarily a small inner circle of folks that cut their teeth on the (2008) campaign. Susan Rice and Samantha Power have been part of that inner circle all along.”

  • Pak PM To Progressively Pursue Normalcy In Ties With India

    Pak PM To Progressively Pursue Normalcy In Ties With India

    ISLAMABAD (TIP): Unveiling Pakistan’s foreign policy roadmap, Prime Minister Nawaz Sharif , on June 6, vowed to “progressively pursue” normalcy in ties with India while actively seeking solutions to outstanding issues, including Kashmir. Listing his government’s foreign policy priorities a day after assuming office, Nawaz in a message sent to the heads of all Pakistani missions, said neighbors will be the focus of “immediate attention”.

    “Unless the region is peaceful, our efforts for growth and development will not meet success,” he said. “With India, the Prime Minister stressed the need to progressively pursue normalcy in our bilateral relations, while actively seeking solutions for all outstanding issues, including Jammu and Kashmir,” said a statement issued by the Foreign Office.

    Nawaz (63), who was sworn in for a record third term as premier yesterday, had signaled even before the May 11 general elections that he intended to work on improving relations with India.

  • MoneyGram joins NASDAQ

    MoneyGram joins NASDAQ

    NEW YORK, NY (TIP): MoneyGram International, Inc. (NYSE: MGI), a leading global money transfer company, moved its stock listing to the NASDAQ Global Select Market from the New York Stock Exchange, effective May 13, 2013. The Company will continue trading under the ticker symbol “MGI.””Upon being listed on the NASDAQ, MoneyGram joins the world’s most innovative companies,” said Pamela H. Patsley, chairman and chief executive officer. “NASDAQ is a global leader in advanced trading technologies, which will provide our shareholders with cost-efficient trading opportunities. MoneyGram will also benefit from reduced listing fees. As an innovative leader in the money transfer and payments industry, we are excited to be a part of the NASDAQ.” “We welcome MoneyGram to our growing list of leading companies that are innovators in their industries,” said Bruce Aust, executive vice president, NASDAQ OMX. “MoneyGram brings its customers closer by helping them send funds almost anywhere in the world through cash, bank account, online and mobile. Their versatility and forward thinking culture is perfectly aligned with NASDAQ’s family of listed companies.”

    About MoneyGram International
    MoneyGram, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations – including retailers, international post offices and financial institutions – in 197 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook

  • Qualities women love in men

    Qualities women love in men

    It’s not just about being tall, dark and handsome. There are certain ‘manly’ qualities about guys that can make any woman go weak in her knees. And while you may think it’s all about the looks, guess what? There’s more. It’s a potent mix of both, physical attributes and of course, that all important emotional touch. Here, we tell you about six points you need to heed.

    Well groomed
    Yes, we said tall but the reality is that height is really not as important a factor as how you present yourself. Just like guys like a women who is well turned out, women too dig guys who ensure that they are perfectly groomed a la Leonardo DiCaprio. The basic funda women believe in is that if you are careful enough to take care of yourself, they can trust you to take care of them. So, remember guys, sloppy dressing, uncombed hair, dirty nails, smelly socks, stained shirts or jeans and the likes are an absolute no-no when you are trying to make that all important impression on someone from the opposite sex.

    A sense of style
    Women would rather have you splurging on them than on obscenely priced designer wear. So, even if it’s a typical roadside purchase that you swear by, make sure you adopt a certain classy and stylised look and maintain it. Women don’t really expect you to be a picture copy of a Pierce Brosnan or a David Beckham, but trying to imitate their style will surely up your popularity quotient. Keep yourself updated on the latest trends. Also, just as you have your reservations against the ‘nun-type’ dressers, women too hesitate when it comes to the boring office type dresser.

    Laugh it out
    One of the most important trait that woman dig is a sense of humour. Women have more than enough problems to deal with and don’t really need the company of another equally depressed soul. Yes, you have your bad days, but it does go a long way if you have a good sense of humour, and clean humour at that. Beware, taking a dig at others and constantly putting others down do not really spell fun for women. And we can’t tell you enough how much women love people who can laugh at themselves and their own mistakes.

    Show them you care
    Women need to be constantly reassured that they are loved and cared for. Acts like holding their hand while walking down the road, watching the sunset, an occasional hug and peck on the cheeks and making sure that they cross the road safely mean that you are proud to be seen with them and care for them. Remember, not displaying your affection openly is a sign that you are ashamed of who you are with. However, beware of being crass while displaying you affections.

    A sexy smile/wink
    There’s a reason why women absolutely adore Richard Gere or Hugh Jackman and it has a lot to do with the way that they smile or that glint in their eyes. Believe us when we tell you that if you look at them and smile like that, it does make them feel very special, like they are one in a million.

  • MASK FOR SOFT AND SHINY HAIR

    MASK FOR SOFT AND SHINY HAIR

    Homemade beauty masks are an easy-to-do deal. Another good thing about it, it comes cheap and handy. Here’s a moisture mask for your hair, so it becomes soft, lustrous and shiny in just about ten minutes.

    What you need is
    1. An avocado
    2. Vitamin E oil or Vitamin E gel capsules
    3. Oil of your choice; we recommend coconut oil as it’s easily available and also great for the hair

    What you need to do:
    1. Remove the seeds from the avocado after splitting it into half. Now, spoon it out into a blending bowl.
    2. Take about one fourth or less of a teaspoon of Vitamin E oil. If this oil is not easily accessible to you, we recommend you buy Vitamin E gel capsules (available at your local chemist) and squeeze out the oil from it after piercing it.
    3. Pour about a teaspoon of coconut oil (you can also use any other oil of your choice like jojoba, olive oil or almond oil).
    4. Blend all of this in a mixer/blender. Make sure you get a whipped consistency so it is easy to apply.

    What to do:
    Apply this creamy mask all over your hair. Another way to apply this would be using the ponytail method. For this, tie your hair up in a ponytail, saturate the ends of it and then cover it using a plastic hair wrap. After applying this mask, leave it in your hair for about 10 to 20 minutes. Finally, shampoo and condition it as usual.

  • SACHIN TENDULKAR SEALS IPL CAREER WITH A SIX

    SACHIN TENDULKAR SEALS IPL CAREER WITH A SIX

    MUMBAI (TIP): The scenes were eerily similar to the night of April 2, 2011. That May 25 night saw an invasion of bleed blue at the Wankhede, after India clinched the World Cup and the players hoisted Sachin Tendulkar on their shoulders and took a lap of honour. Cut to May 26, 2013 and the Eden Gardens in Kolkata, a venue that is roughly 1033 miles to the east of Wankhede. There was another on-field invasion.

    This time by men wearing indigo. Again, Tendulkar was hoisted on the shoulders by teammates. While the Indian great missed out on the chance of bidding ODIs a perfect farewell, a decision that may come to haunt him later, he wasn’t going to let go of the chance to end his T20 career on a winning note and announced that he was done with the IPL.

    Mumbai Indians’ victory over the Chennai Super Kings in the final was the ideal parting gift for the former skipper and icon player of the franchise that he’s been part of for six years. “I have to face reality. I’m 40 and I had decided that this would be my last season. I’ve enjoyed six seasons with MI.

    It’s been a fantastic journey. We thought our third season was the best but this one is the icing on the cake,” he told the official broadcasters in a short interview on Sunday night. Not one to complain about the late hours and frequent travelling, he listed reasons why playing in the IPL is not easy anymore. “You have to alter your body clock because matches finish after or close to midnight.

    And sometimes we catch a flight at eight in the morning, making all the adjustments that are required.” These are pregnant lines by a man who till very recently swore by “age is just a number” theory and was riled whenever the media mentioned the ‘R’ word to him. Having quit ODIs in December, Tendulkar’s IPL departure is perhaps an indication that his eventual retirement is not far away.

    While his glittering career has been regularly punctuated by glorious milestones, Tendulkar’s body has almost been a war zone post 1999 with injuries acting as irritating speed-breakers on the road to cricketing immortality. The latest being a tendon injury on his left wrist, which saw him retire hurt in the game against Sunrisers Hyderabad. It made him miss the last four games for his franchise, including the final. Ironically, the injury occurred immediately after he had deposited Karan Sharma into the stands named after him.

    When Tendulkar burst on the scene, he established an immediate connect with the crowds because he was a little boy who could tonk big sixes. How fitting is it that the last bit of action in a format that encourages six-hitting, involved Tendulkar hitting a six.

  • MUMBAI INDIANS OUTPLAY CHENNAI SUPER KINGS TO WIN IPL 6

    MUMBAI INDIANS OUTPLAY CHENNAI SUPER KINGS TO WIN IPL 6

    KOLKATA (TIP): Mumbai Indians finally annexed their maiden Pepsi Indian Premier Legue title upstaging a jittery Chennai Super Kings by 23 runs in the final here yesterday to bring the curtains down to a tarnished sixth season of the cash-rich league. Mired in spot-fixing controversy after the arrest of owner N Srinivasan’s son-in-law Gurunath Meiyappan, Chennai Super Kings found the 149-run target, usually an easy ask by their standard, a little too much as they finished on 125 for nine on a difficult track.

    Kieron Pollard (60 no and 1/34, 1 catch) was the man-ofthe- match for his all-round effort. Skipper Mahendra Singh Dhoni now lost back-to-back IPL finals despite being the lone man standing in the end with an unbeaten 63. As soon as the last delivery was bowled by Pollard, senior pros Sachin Tendulkar, Ricky Ponting along with Team Mentor Anil Kumble rushed to the ground.

    Just like 2011 World Cup final, Tendulkar did a lap of honour with the teammates like Harbhajan carrying him on their shoulders. Lasith Malinga (2/22) and Mitchell Johnson (2/19) set the tone before Harbhajan Singh (2/14) joined in the act as it was a rare batting disaster for the IPL heavyweights who featured in four straight, five overall, finals. Four of their batsmen including Suresh Raina and Ravindra Jadeja got out for noughts while tournament topscorer Michael Hussey (1) was dismissed first-up by a perfect Lasith Malinga toe-crusher to set the tone.

    With the team reeling at 57 for seven after 11th over, there was no chance for the ‘Men in Canary Yellow’ to make a comeback although Dhoni did try his best. For Mumbai Indians, Eden Gardens remained a happy hunting ground with six wins from seven outings this season as it Rohit Sharma and Co. Down with a wrist injury, Tendulkar however celebrated every moment of their triumph as the trophy was like a ’farewell gift’ for the 40-year-old who may not be around in the next season.

  • TCS FORAYS INTO US GOVT SPACE

    TCS FORAYS INTO US GOVT SPACE

    BANGALORE (TIP): After tasting fair amount of success in India and a few other emerging countries, Tata Consulting Services (TCS), India’s leading information technology (IT) services company, is foraying into the government vertical in the US. Initially, the company is focusing on states and local governments in the US, as working with the federal government requires it to fulfil stringent conditions.

    Among US states, TCS has already started working with the Mississippi government and is in the process of bagging a contract from another state, an announcement on which is expected soon. “We are mostly focusing on state and local governments and we are finding a lot of traction in the unemployment insurance and city taxation areas because of our expertise in working on tax automation with a number of states in India,” Tanmay Chakrabarty, vicepresident & global head (government industry solutions unit, TCS, told Business Standard.

    He said the company had already made inroads into the city taxation space in the US, through which cities collect taxes on behalf of the federal, state and local governments. The company is implementing tax automation systems in seven cities across the US. TCS has wide experience in automating tax collection in India — it automated value-added tax collection in 13 states. Subsequently, it also worked with a few countries in east Africa, including Uganda, Zambia and Kenya, in automating their taxation systems.

    For TCS, the government business unit is one of the fastest growing areas, growing 35-40 per cent a year. Chakrabarty said though the business unit was a single-digit contributor to the company’s overall revenues, “our target is to make it a double-digit revenue contributor in the next three years”. For the year ended March, TCS reported revenues of Rs 62,989 crore ($11.6 billion).

    Industry experts say so far, TCS is the most successful company in the government vertical in India, compared to other Indian or global IT services companies. Despite the belief that government business wasn’t substantially profitable, TCS made early investments in developing specific solutions and frameworks to address issues involving governance. Now, the company is trying to replicate its success in this segment in a few emerging countries in the east Africa and Latin America, as well as developed markets such as the US and the UK.

    Recently, the company had bagged a core system integrator contract from the Department of Posts, tipped as one of the most prestigious egovernance contracts in the country. The contract was valued at about Rs 1,100 crore. It was said this was the second-largest contract for the company in Indian government space, after the Rs 2,000-crore Passport Seva Project of the Ministry of External Affairs.

    “Our philosophy is to build in India, demonstrate the scale and complexity here, and then take it to the rest of the world. That is what we are doing,” Chakrabarty said. TCS is also focusing on countries such as Columbia and Mexico, targeting opportunities in their financial and healthcare segments.

    Passport Seva completes 3 years in Bangalore
    Passport Seva Project, the mission mode programme of the Ministry of External Affairs, has completed three years of operations in Bangalore. In 2010, a pilot phase of the project was launched in Bangalore. Since the project was implemented, 1.17 million passport applications have been processed in Bangalore. TCS had bagged the project in 2008.

  • India hopes inflation-linked bonds can curb gold buys

    India hopes inflation-linked bonds can curb gold buys

    MUMBAI (TIP): India will sell inflation-linked bonds next week – something it tried unsuccessfully more than a decade ago – in the hope that eventually they will catch on enough to help wean millions of Indians off gold, their favoured hedge against rising prices. Next auction by the Reserve Bank of India of Rs 10 billion of so-called linkers will be the first in a series, with the government planning to sell up to 150 billion rupees worth in the fiscal year ending in March, 2014.

    The likely buyers are buy-and-hold investors such as insurers seeking long-term investments, and banks looking to include them as part of securities that must be set aside to meet regulatory requirements. Pricing and liquidity concerns could dull their appeal initially, however.

    Investors expect India will offer effective returns between 1.25 per cent to 2 per cent on Tuesday’s initial auction of the 10-year inflation-linked bonds, according to a Reuters poll of 10 banks, primary dealers and mutual funds. That would make returns – the measure investors are using to price the debut debt – lower than equivalent nominal government bonds, which have returned an average of around 2.5 per cent over a five-year period.

    The expected low returns could dent demand next week from banks and foreign investors. Before building up holdings of linkers, these investors would also need more liquidity than the small size of the auctions can initially provide, as they would want the comfort of being able to exit positions easily. “It is a good product, but it has to develop a critical mass.

    Given a lower inflation trend, this is a time when nominal bonds are preferred over real bonds,” said Vivek Rajpal, a rates strategist for Nomura in Mumbai. Ultimately, the government hopes the linkers will provide some alternative to gold, reducing demand for imports of the precious metal that have helped push India’s current account deficit to worryingly high levels. India is looking at these auctions to professional investors as a way to settle on the right pricing before directly selling them to local households later this year.

    The government has indexed both the coupon and interest payments to inflation, making the debt far more appealing than in 1997 when only the principal was linked. That should make these bonds appealing over the long-term, but only if liquidity is built around the debt instrument. In emerging Asia, only Thailand and South Korea have issued linkers, but investors are likely to wait and see how the Indian market for the instruments develops before jumping in.

  • KINGFISHER AIRLINES POSTS $380 MILLION LOSS

    KINGFISHER AIRLINES POSTS $380 MILLION LOSS

    NEW DELHI (TIP): Debt-laden Kingfisher Airlines Ltd, which has not flown since last October, reported yet another quarter of loss, and the resumption of operations is still not in sight as it struggles to win regulatory approvals. Kingfisher, once India’s No.2 carrier, said net loss widened to 21.42 billion rupees ($380 million) for its fiscal fourth quarter ending in March, compared with a net loss of 11.5 billion rupees a year earlier.

    The company, controlled by liquor baron Vijay Mallya, is estimated to owe about $2.5 billion to banks, airports and others and its flying licences expired at the end of last year.

  • TAJ TO SET UP TWO HOTELS IN CHINA

    TAJ TO SET UP TWO HOTELS IN CHINA

    MUMBAI (TIP): Kunming, the capital and largest city of the Yunnan province in South-West China, holds particular interest for the Indian Hotel Company’s (IHC) expansion plans. The entry of the Taj Group’s two brands, Taj and Vivanta by Taj in Kunming, are to enable the hospitality major gain more than a toehold in the Chinese market.

    Early 2014, Hotel Taj Temple of Heaven is to open its doors in Beijing, while a 300-room property in the Hainan island is being developed as a premium holiday resort. IHC, which runs the Taj Group of hotels, is also to invest in a Taj Hotel, with approximately 200 rooms, and a Vivanta by Taj Hotel, with approximately 300 rooms, in the Kunming Expo Garden in the Yunnan province.

    In January 2012, IHC had signed an agreement with the Yunnan Tourism Company to construct, develop, operate and manage two hotels in the Kunming Expo Garden.

  • HTC INDIA EYES 15% SHARE, TO START EMI SCHEME

    HTC INDIA EYES 15% SHARE, TO START EMI SCHEME

    NEW DELHI (TIP): Betting big on its flagship smartphone HTC One, handset maker HTC on Wednesday said it aims to achieve 15% market share in the domestic smartphone market by the end of this year. “We are aiming 15% market share in the domestic smartphone market by the end of this year,” HTC country head Faisal Siddiqui told PTI.

    As per research agency GFK, HTC currently has 6% share in the domestic smartphone market, he said. The company, which had launched HTC One globally in April, today showcased the device in Delhi. It has partnered with Reliance Communications to offer 1GB of 3G data free for three months. The aluminium unibodied device has new features like HTC BlinkFeed, HTC Zoe and HTC BoomSound as well as innovations in HTC Sense, the company said.

    Like its peers, HTC also plans to come out with EMI (easy monthly instalments) scheme for the phone next month. The company has also added two national distributors and it now has three distributors across the country, who cater to over 100 dealers and 3,500 outlets, Siddiqui said. The company, however, has no plans to start production of the phone in the country and will continue to import it from China and Taiwan.

  • THIS FORMULA CAN TURN CEMENT INTO METAL

    THIS FORMULA CAN TURN CEMENT INTO METAL

    WASHINGTON (TIP): Scientists have discovered the formula for turning liquid cement into liquid metal that makes cement a semi-conductor and opens up the possibility of its use in the consumer electronics marketplace for thin films, protective coatings, and computer chips.

    “This new material has lots of applications, including as thin-film resistors used in liquidcrystal displays, basically the flat panel computer monitor that you are probably reading this from at the moment,” said Chris Benmore, a physicist from the US department of energy’s (DOE) Argonne National Laboratory who worked with a team of scientists from Japan, Finland and Germany.

    Benmore and Shinji Kohara from Japan Synchrotron Radiation Research Institute/SPring- 8 led the research effort. This change demonstrates a unique way to make metallic-glass material, which has positive attributes including better resistance to corrosion than traditional metal, less brittleness than traditional glass, conductivity, low energy loss in magnetic fields and fluidity for ease of processing & molding.

  • ASTEROID MINING COMPANY WANTS TO PUT YOUR FACE IN SPACE

    ASTEROID MINING COMPANY WANTS TO PUT YOUR FACE IN SPACE

    CAPE CANAVERAL, Fla (TIP): A privately owned asteroid mining firm, backed in part by Google Inc’s founders, launched a crowd-funding project to gauge public interest in a small space telescope that could serve as a backdrop for personal photographs, officials said. Planetary Resources, based in Bellevue, Washington, plans to build and operate telescopes to hunt for asteroids orbiting near Earth and robotic spacecraft to mine them for precious metals, water and other materials.

    It also plans an educational and outreach program to let students, museums, armchair astronomers and virtual travelers share use of a telescope through an initiative on Kickstarter, a website used to raise funds for creative projects. Planetary Resources aims to raise $1 million by June 30 to assess public appetite for participating in a space project.

    It expects to launch its first telescope in 2015. For a pledge of $25, participants can make use of a “space photo booth” by sending a picture to be displayed like a billboard on the side of the telescope with Earth in the background. Its image would then be snapped by a remote camera and transmitted back. Starting at $200, participants can use the telescope to look at an astronomical object.

    The Kickstarter campaign complements the company’s ongoing efforts to design and build its first telescope, called ARKYD. Investors include Google Chief Executive Larry Page and Chairman Eric Schmidt, as well as Ross Perot Jr., chairman of the real estate development firm Hillwood and The Perot Group. “All we are asking is for the public to tell us that they want something,” company co-founder Eric Anderson told reporters during a webcast press conference on Wednesday.

    “We’re not going to spend our time and resources to do something if people don’t want it and really the only way to prove that it’s something people want is to ask them for money,” he said. Planetary Resources is not the first space startup to turn to crowdfunding. Colorado-based Golden Spike, which plans commercial human expeditions to the moon, has launched two initiatives on Indiegogo, another Internet-based funding platform.

    Golden Spike exceeded a $75,000 goal to start a sister firm, called Uwingu, designed to funnel profits into space projects, but fell far short of a $240,000 target for spacesuits for Golden Spike’s first moon run. Hyper-V Technologies of Virginia turned to Kickstarter to raise nearly $73,000 to help develop a plasma jet electric thruster. STAR Systems in Phoenix, Arizona, raised $20,000 for work on a hybrid rocket motor for its suborbital Hermes spaceplane.

    Last year, Washington-based LiftPort ended an $8,000 Kickstarter campaign with more than $100,000 to demonstrate how robots could climb a 1.2-mile (2 km) long tether held aloft by a large helium balloon. The company is working on an alternative space transportation system called a “space elevator” that uses tethers or cables instead of rockets. “I think crowd-funding is a new kind of bike and people are trying and willing to ride it, some successfully, some not as successfully, but I think it’s here to stay,” said Golden Spike founder and planetary scientist Alan Stern.

    “These companies like Kickstarter and Indiegogo and RocketHub, they seem to be some kind of marketing distribution system that lets people with an idea put it out there. Previously people didn’t know how to do that except run an ad in a newspaper. It’s a capability we just didn’t have five years ago,” Stern said.

  • Indian team in running to develop ‘silent’ aircraft

    Indian team in running to develop ‘silent’ aircraft

    LONDON (TIP): A team of three aerospace-engineering students from India has been selected as one the finalists in a contest organised by Airbus to find a future aircraft with near-zero propulsion noise. The team from Chennai’s SRM University, comprising of Anita Mohil, Balakrishnan Solaraju Murali and Michael Thomas along with their academic mentor Sakhtivel Kasinath, is among the five finalists of a global competition organised by aircraft manufacturer Airbus and the United Nations Educational, Scientific and Cultural Organisation ( UNESCO).

    ‘Fly Your Ideas’ – a biennial competition, was launched in 2008 with an aim to challenge students across the globe to develop new ideas for the eco-efficient aviation industry of the future. “SRM University propose to reduce propulsion noise thanks to jet exhaust shape modification using intelligent materials (shape memory alloys). These alloys are energised by harvested electricity generated by advanced thermoelectric materials using engine heat source,” the team said in its entry for the contest.

    The latest edition of Fly Your Ideas contest witnessed 6,000 students from 618 teams across 82 countries take up the challenge. The other finalist teams are from Australia, Brazil, Italy and Malaysia with their entries ranging from use of passenger body heat as an alternative energy source to a more efficient luggage loading and unloading systems.

    All teams will present their ideas to a jury of Airbus and industry experts at Airbus’ headquarters in Toulouse on June 12. The winners will be announced at an exclusive ceremony at UNESCO’s headquarters in Paris on June 14, when the winning team will receive a prize of 30,000 euros and the runners up 15,000 euros.

  • EARTH IN LINE OF LETHAL GAMMA-RAY BURST

    EARTH IN LINE OF LETHAL GAMMA-RAY BURST

    WASHINGTON (TIP): Earth may be lying within the sights of a potentially lethal gamma-ray burst that can wipe out a quarter of our planet’s protective atmospheric ozone, scientists claim. A Wolf-Rayet star called WR 104, some 8,000 light years away is ripe to undergo a core-collapse supernova of the sort that could generate a seconds-long burst of dangerous gamma-rays.

    “We could see it go supernova anywhere from tomorrow to 500,000 years from now,” said Grant Hill, an astronomer at the WM Keck Observatory in Hawaii . “For all intents and purposes, the gamma-ray burst and optical photons from the supernova would arrive simultaneously,” Hill said. It has been debated whether a GRB from WR 104 — which lies in the direction of our Milky Way’s galactic centre — would actually cross Earth’s path.

    However, Hill said that given the continuing uncertainty about the star’s alignment with our own, such a scenario can’t be ruled out, Forbes.com reported. If such a GRB did hit Earth’s atmosphere, said Adrian Melott, a physicist at the University of Kansas, it would likely cause a 50% increase in solar UVB radiation . This would not only disrupt photosynthesis among marine and freshwater plankton, but also likely precipitate some sort of broader extinction event, Melott said.

    There have been conflicting measurements of the star’s rotational axis and whether WR 104’s polar orientation lies ‘face on’ to Earth’s line of sight or whether it is inclined by as much as 30 to 40 degrees. If the star lies ‘pole on’ to Earth that would mean that we would be directly in the line of fire of such a burst which might travel along a beam as large as 20- degrees in diameter . If indeed, the star’s polar inclination to earth is 30 degrees, then Earth would be untouched. Peter Tuthill, an astronomer at the University of Sydney in Australia, and colleagues, first found WR 104 in 1998.

  • BIKE RIDES, BEBINCA, BIKINIS SUM UP THE SPIRIT OF GOA 30

    BIKE RIDES, BEBINCA, BIKINIS SUM UP THE SPIRIT OF GOA 30

    Even if you have seen the best of beaches, you’ll still have a lot unseen till you arrive in Goa. You become a local here in a matter of a day even if you have no one to host you. In Goa you learn on your own, fend for yourself, burn your skin in the midday heat, fall prey to touts, overpay, and yet while sipping the last drink of the day feel a gush of nostalgia, a sense of unbridled freedom.

    Once home to the flower children of the 60s, Goa, particularly its Northern beaches, reverberate with the legacy left by them, making even the most snot-nosed traveller abandon caution to embrace the hippie way of life. Of late a lot has been written about the beach state’s deteriorating law and order situation, yet as we biked down from the restaurant post a late dinner a dozen miles away from our service apartment, there were pretty young white girls boldly dressed for a night out walking all by themselves, some even without company, on a shallowly lit beach road.

    In the day topless men sporting pink tans come riding their bikes from far distances, women in their bikinis with a wrap around their waist walk down to the local market to buy supplies, beach bums throng breakfast cafes in their bathing suits straight after a swim, and as the day wears on the gazillion shacks dotting the beaches roar to life with some old classics as they dish out beer and fish to their ever-surging clientele.

    Evenings here are about long bike rides, stopping by to listen to a band in concert, bargain hunting, and eventually settling down with a soothing drink at an open-air restaurant and watching the world go by. A few days and you end up picking your haunts, yet you feel struck by wanderlust each time you rev up the engine to take another ride down the green countryside past quaint boutiques and cafes to a new beach everyday.

    Goa is not particularly clean, not the least bit pristine, a quality one would associate with beach getaways, but it has an infectious energy that makes you forgive its unrelenting noon sun, and the vendor-infested beaches as you wander about with the wind in your hair like the hippies of yore. That Goa is best explored atop a bike requires no contesting, but if you are running low on gas it might be several miles before you get to the next fueling station.

    Sticking to this rule of thumb can save you a lot of hassle especially when you are headed to a farther place with the sun on your back. Do not flinch if asked to submit original identification proof while hiring a Scooty or motorbike, for that’s the way things go around here. You will be handed over a rundown vehicle whose fuel meter has nearly hit rock bottom, and offered a bottle of petrol, for a price of course, for good measure.

    Bike rentals are a booming business in Goa, for which you don’t even need a shop. Even housewives from their homes manage this dealing with great efficiency. Surprisingly you never wish to sleep on well into the morning here despite being on a holiday, for the streets, the beaches and the cafes are already abuzz with activity.

    If you are staying on for a longish period consider renting out a small cottage (there are some very beautiful ones lining the Candolim beach road), or a service apartment, and then, not to mention, hire a two-wheeler to get around the markets and the beaches. We picked North Goa, the Calangute beach road to be more precise, for our stay as it is the hub of all activity in Goa.

    North Goa’s extensive coastline interspersed with patches of greenery, rock formations, pretty houses spilling with flowers, bustling marketplaces, and quaint street cafes breathe life and character into the place that can be quite amiss in the Southern part. South Goa on the other hand is more spaced out, more posh and austere. You’d love it too for its colonial charm reflected in the street lamps, the churches and the old bungalows lining the road, but might find it less lively and more idyllic compared to the colourful North.

    Begin your North Goa exploration with Calangute beach, the largest, and perhaps the busiest, in North Goa. It is an endless stroll from one end of the coastline to the other opening up views of a rocky promontory crowded with palm trees. Abundance of water sports activities are available here from speed boating to parasailing for enthusiasts and amateurs alike.

    Oddly though it is the amateurs mostly who find their way to these water sports shacks of questionable origin. After a fresh lime soda at a beach shack proceed to Baga beach, only a few minutes from Calangute. The scenery is pretty much the same, save for its rocky end that has some serene patches for bathing or simple dipping your toe. Further up are the Arpora and Anjuna beaches known for their Saturday night flee market and party scene respectively.

    But most enjoyable is the drive to Anjuna past a lush countryside through narrow winding roads. The beach is a tiny one compared to the magnanimous Calangute, but it is striking for the scenery it affords. A narrow downhill walk past souvenir shops brings you to a rocky beach that receives more turbulent walls of water compared to the rest. In the day, the place is almost dead, but post sunset comes to life with full night beach parties and what-have-you.

    If history interests you, or you are looking for a fresh perspective, a visit to the 17th century Portuguese water tower, Fort Aguada, is highly recommended. With ramparts skirting the Arabian Sea, the ancient fort opens up a panoramic view of Goa’s coastline, the adjoining Sinquerim beach and the dense coconut groves fringing it.

    A dried-up moat, an underground water storage chamber, gunpowder room, bastions and lighthouse make up the ruins of Fort Aguada, though currently the Archaeological Survey of India (ASI) is working on restoring a part of its massive open terrace. Keep a full day aside on your Goa holiday to explore Panjim, the capital city, boasting a wealth of churches including the famous Basilica of Bom Jesus and the Church of St. Francis of Assisi in the adjacent compound.

    Old Goa is dotted with marvellous churches, and is a delight to stop by for a quick photo op. With the Mandovi River on one side and lush jungles on the other, the narrow strip of tarmac leading to old Goa is a sheer delight for biking enthusiasts. Drop by at the Miramar beach, a vantage point where the Mandovi river meets the Arabian Sea, and continue to Dona Paula beach only a mile away from Miramar.

    Shrouded in romantic myth, the clear waters of Dona Paula still reverberate with the legend of Dona Paula de Menzes, the daughter of a Viceroy from the colonial era who jumped off a cliff here when not permitted to marry her lover, local fisherman Gasper Dias. Eating out is a euphemism for mindless bingeing in Goa. For reasons unknown, hunger pangs strike all the time as to your aide come countless shacks and hawkers dishing out seafood like it was paani puri apart from the most soughtafter festive specialty of the locals, the Bebinca.

    It’s a ritual in Goan homes to bake this seven-tiered pudding out of flour, sugar, butter, coconut milk and egg yolk, and then enjoy it with a scoop of vanilla ice-cream. Most eateries lining the beach road operate out of the front yard of their houses transformed into a sunlit dining room, while the balcony doubles up as the mezzanine dining floor. Don’t be compelled to order a Continental or European dish because the menu boasts of them, instead ask for the local favourites such as the Goan fish curry or the fiery pork vindaloo served with fresh steamed rice.

    You don’t have to believe everything they say about Goa’s callousness, for even the touts do not depart without a polite ‘have a nice day’, and the locals rush to your side when you can’t find your way around. Despite hurtling down the path to quick commercialisation, a holiday in Goa is all but overrated.

  • AMANDA BYNES TO SUE NEW YORK POLICE

    AMANDA BYNES TO SUE NEW YORK POLICE

    Actress Amanda Bynes says she will sue the New York Police Department (NYPD) after she was arrested last week and charged with many unfair things. The 26-year-old was last week charged in court with attempted evidence tampering, reckless endangerment and marijuana possession, after being arrested at her New York City apartment. However, Bynes insists she did nothing wrong and was unfairly targeted by police, reports contactmusic.com.

    In a lengthy rant on Twitter, she wrote: “For once and for all, this is the last thing I’ll say about the mistaken arrest. I’m suing NYPD for illegally entering my apartment, lying about drugs on me and lying about me tampering with non existent drug paraphernalia, then I’m suing for being put into a mental hospital against my will, then locked up overnight for coming home after a facial and working out with my trainer like the good girl that I am. I’m allergic to alcohol and drugs and don’t partake in any of the above.”

    “I’m so offended by all of this but so proud to not be a drug or alcohol user. I don’t need to talk about this anymore.” “My lawyer and I are taking this offense so seriously! Everything they did was against the law and the judge saw that there was no drugs on me or proof of any type of bong or mental illness (I was so offended to even be taken to a mental hospital and they would not let me call my lawyer until the next day after being in jail all night, then I went to court and was immediately released because the judge saw that I was wrongly arrested,” Bynes said.

  • MOVIE REVIEW – FAST & FURIOUS 6

    MOVIE REVIEW – FAST & FURIOUS 6

    Cast: Vin Diesel, Dwayne Johnson, Paul Walker, Michelle
    Rodriguez, Luke Evans, Tyrese Gibson, Ludacris, Jordana
    Brewster, Gina Carano
    Direction: Justin Lin
    Genre: Action
    Duration: 2 hours 11 minutes

    STORY: Dom (Diesel) and Brian (Walker) are in Rio, living it up after bringing down a drug kingpin in the franchise’s previous instalment. They’ve left crime behind, only to be drawn back by the promise of finding alive a loved one (Rodriguez as Letti) they’d thought was dead. But to get to her, they have to hit the streets again. This time, in London. MOVIE REVIEW: We catch up with Dom and his crew as they cool their heels after pulling off their ‘Rio Heist’ and bringing down Braga. Dom has moved on but still pines for Letti.

    Brian’s become a family man and father to a baby boy. Agent Hobbs (Johnson) offers a deal: find and bring Owen Shaw, a mercenary trained in vehicular warfare, to justice in return for information on Dom’s thought-dead love and grudgingly, full pardons for his crew, so they can return home to the US. As they embark on a mission for their own purposes, the “family” of speed demons soon finds themselves up against Shaw, an enemy that’s “in the game” and relies solely on “precision and planning” to carry out their assignments.

    Letti has lost her memory and we see her become a pawn in Shaw’s game for most of the film. Is the family reunited again? Clocking in at over two hours, the film is filled with all the high-octane speed chases and close combat scenes we’ve come to expect from the franchise. And while it doesn’t disappoint in the outrageously and shamelessly fun bang-em-cars, road rage and the cheesy humour departments, it does drag by taking “detours” and selfdiscovery trip subplots that could easily have been done without.

    Lin’s at the helm for the fourth time and the confidence (and over-indulgence, thereof) shows. The girl-on-girl fight scenes are actually more kick-ass than the ones with the guys. Of the supporting cast, Ludacris has the best lines. The new characters impress. That being said, this one’s purely for fans of the franchise and action junkies alike.

  • COURTENEY COX AND DAVID ARQUETTE DIVORCE FINALIZED

    COURTENEY COX AND DAVID ARQUETTE DIVORCE FINALIZED

    Courteney Cox and her husband David Arquette’s divorce was finalized on Tuesday in a Los Angeles Superior Court, according to reports. The couple announced their split in 2010, but it took them almost 2 years to actually file divorce papers – filing it on the same day in June 2012, the New York Daily News reported.

    They pair wanted joint custody of their only child, 8-year-old daughter Coco. The divorce proceedings were cordial and the couple are still on friendly terms. The former ‘Friends’ star said on ‘The Ellen DeGeneres Show’ in January that Arquette is her best friend in the world and she loves him. Arquette told People magazine that Cox is incredible and he loves her, too, adding that she is an amazing and a beautiful person.

  • TISCA CHOPRA WANTS TO PLAY NEGATIVE CHARACTER

    TISCA CHOPRA WANTS TO PLAY NEGATIVE CHARACTER

    Actress Tisca Chopra, who played the role of a mother in ‘Taare Zameen Par’, says she wants to essay a negative character. Her stunning performance as mother of a dyslexic child in Aamir Khan-directed Taare Zameen Par (2007) won her all-round praise and numerous honours, including a National Award.

    “Now I want to do something different. I want to play a baddie,” Tisca said. She will be yet again playing the role of mother in ‘Ankur Arora Murder Case’, an upcoming Bollywood thriller directed by Suhail Tatari and written by Vikram Bhatt.”I was frightened to do this film. Initially, I was little skeptical. I couldn’t forget that the child has died in this film…I used to get scared at this thought and would wake up at 2 AM,” Tisca said.

  • PREITY TO TAKE A BREAK FROM PRODUCTION

    PREITY TO TAKE A BREAK FROM PRODUCTION

    After her debut film as a producer, Preity Zinta is now just looking forward to donning the actor’s hat. Preity, who has been traveling and working non-stop for the past two years, wants to take it slow for a while.

    “After producing a film, now I want to just chill. I want to go on the set, put on make up and go give my shot. After being involved with everything right from postproduction to editing, now I am looking forward to just acting,” she says.

  • MOVIE REVIEW – ZINDAGI 50-50

    MOVIE REVIEW – ZINDAGI 50-50

    Cast: Riya Sen, Veena Malik, Rajpal Yadav, Rajan Verma,
    Aarya Babbar, Supriya Kumar, Murli Sharma
    Direction: Rajiv S. Ruia.
    Genre: Drama
    Duration: 2 hours 10 minutes

    STORY: Set in Mumbai, the film revolves around the lives of three women and their predicament. Movie Review: It doesn’t matter what the intent of the filmmaker is, if the execution fails to live up to the concept altogether. Zindagi 50-50 aspires to stress on the dilemmas of the lower middle class inhabitants of Mumbai. That significant aspect however takes a backseat as the film resorts to sex and sleaze to get the point across.

    In order to attract the masses, besides the ample skin show, dialogues are loaded with sexual innuendo, all of which is unnecessary. As a result, you do not empathise with any of the lead characters of the film. Why these people do the things they do is not clear either. Portrayal of women as mere victims of lecherous men in power is hard to buy. Madhuri (Veena Malik) is a sex worker, who knows she is the best in the business. She does not regret anything until she finds solace in Birju ( Rajan Verma).

    Birju is married to righteous Rupa (Supriya Kumar) whose world revolves around her husband. Naina (Riya Sen) is a junior artist who aspires to be a lead heroine. How far can you go to realise your ambition, forms the story. The film is full of cliches and topics that have been addressed in movies a billion times before. As the film ends, you wonder if the filmmaker justifies adultery, prostitution and exploitation of women in general, including the casting couch. You also wonder if there is an underlying message in the film, which hints that a woman needs to sleep around to get ahead in life! The lewdness in dialogues and scenes puts you off.

    Veena Malik is confident. The role offers her huge scope to pout, swear profusely and show off her body. She does it wholeheartedly, thus doing complete justice to her role. Supriya Kumar gets a meatier role and she enacts it well. Riya Sen has nothing much to do. Rajpal Yadav is wasted. Toh Se Naina, a song sung by Rekha Bharadwaj is beautiful and probably the only good thing about the movie.