Date: 4/12/2018

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12-Apr-2018 IRNSS-1I UP IN SPACE, COMPLETES NAVIGATION FLEET Read More Navigation satellite IRNSS-1I was put in orbit by the Indian Space Research Organisation's (ISRO) PSLV-C41 rocket early on 12 April morning. Eighth in the series, the 1425- kg satellite completes the first phase of the Indian regional navigation constellation, ISRO Chairman K. Sivan said. The PSLV-C41 lifted off at 4.04 a.m., as planned, from the First Launch Pad of the Satish Dhawan Space Centre at Sriharikota in coastal Andhra Pradesh, and after a flight lasting about 19 minutes, the satellite separated from it and began the orbit after the deployment of solar panels. The navigation satellites, dubbed India's own GPS (Global Positioning System), are meant for giving precise information of position, navigation and time of objects or people. They were built by a consortium of six Indian companies led by Alpha Design Technologies Ltd., Bengaluru.They have a civilian and a restricted military/security application.
12-Apr-2018 SHUTTLER KIDAMBI SRIKANTH TO CONQUER THE WORLD NO. 1 SPOT Read More Ace shuttler Kidambi Srikanth is poised to become the World No. 1 in Men’s Singles Badminton World Federation Rankings, replacing Denmark’s Viktor Axelsen. He will move to the first spot with 76895 points and is set to become the first Indian to secure the top position since the inception of the ranking system. Earlier in April 2015, Saina Nehwal had become the first Indian woman shuttler to conquer the world number one spot in Women’s Singles. In the newly released ranking system, Srikanth is the only Indian in the top 10 in Men’s Singles. In Women’s Singles ranking, the sole Indian P.V. Sindhu occupies the third position. The 25-year-old Padma Shri winner is not stranger to accolades. In the XXI Commonwealth Games, he led the mixed badminton team to victory, giving the country its first ever gold medal in the event with a brilliant 3-1 win over defending champion Malaysia. He is the first Indian to win the golden trio of Grand Prix gold, Super Series and Super Series Premier titles.
12-Apr-2018 CHINA EXPORTING DEBT THROUGH 'SILK ROAD' PROJECTS, IMF CHIEF WARNS Read More International Monetary Fund (IMF) chief Christine Lagarde warned China on 12 april about saddling other countries with a "problematic increase in debt" through its ambitious global trade infrastructure project. Lagarde made the comments at a Beijing forum on Chinese President Xi Jinping's signature Belt and Road initiative, a $1 trillion road, rail and construction project spanning dozens of countries from Asia to Africa and Europe. But many of the colossal projects are being built by state-owned Chinese companies and financed by loans from China, leaving states billions of dollars in debt to Beijing. "These ventures can also lead to a problematic increase in debt, potentially limiting other spending as debt service rises, and creating balance of payment challenges," Lagarde told the crowd of Chinese and foreign officials. "In countries where public debt is already high, careful management of financing terms is critical," she said.
12-Apr-2018 INDIAN RAILWAYS SETTING NEW BENCHMARKS IN ENVIRONMENTAL MANAGEMENT Read More As part of this partnership, CII is facilitating various railways’ production units, workshops and other units go the Green way and in the process equipping them to green the operations and practices. Pursuing sustainable growth through preserving the environment is one of the hallmarks of Indian Railways. To further spread its green initiatives, Indian Railways had entered into partnership with the Confederation of Indian Industry in July 2016. As part of this partnership, CII is facilitating various railways’ production units, workshops and other units go the Green way and in the process equipping them to green the operations and practices. CII’s GreenCo Rating System is a first-of-its-kind rating in the world that facilitates companies in improving their overall green performance. GreenCo focus on major environmental areas including- energy efficiency, renewable energy, water conservation, waste management, resource conservation, green supply chain, product stewardship and life cycle assessment. As on date, GreenCo Rating is being implemented in 42 facilities (production units and workshops) of Indian Railways. 26 facilities of Indian Railways have achieved rating levels ranging across Certified, Bronze, Silver and Gold levels, while the others are in the process of implementation. More than 400 companies across several sectors from the manufacturing and services verticals are also in the process of this certification.
12-Apr-2018 BOEING JOINS HANDS WITH HAL, MAHINDRA FOR 'MAKE IN INDIA' SUPER HORNET FIGHTER JETS Read More Eyeing the mega Indian Air Force (IAF) contract for 110 fighter jets, Boeing on 12 April announced a partnership with PSU Hindustan Aeronautics Limited (HAL) and Mahindra Defence Systems (MDS) for manufacturing the F/A-18 Super Hornet fighter jets in India. The US aerospace major said the partnership will also work for joint development of future technologies in India, saying it will transform India's aerospace and defence ecosystem. The Super Hornet 'Make in India' proposal is to build an entirely new and state-of-the-art production facility that can be utilised for other programmes like India's Advanced Medium Combat Aircraft (AMCA) programme, the company said in a statement. "Boeing is excited to team up with India's only company that manufactures combat fighters, HAL, and India's only company that manufactures small commercial airplanes, Mahindra. "This partnership brings the best of Indian public and private enterprises together in partnership with the world's largest aerospace company, Boeing, to accelerate a contemporary 21st century ecosystem for aerospace & defence manufacturing in India," said Pratyush Kumar, the president of Boeing India.
12-Apr-2018 APPLE IS THE RICHEST COMPANY BUT HAS JUST ONE BILLIONAIRE IN ITS RANKS Read More Finding billionaires in Silicon Valley isn’t hard. Dropbox Inc.’s Arash Ferdowsi and Veeva Systems Inc.’s Peter Gassner have both crossed the threshold this year, and tech fortunes make up a fifth or about $1 trillion of the Bloomberg Billionaires Index. But tracking down members of the three-comma club at Apple Inc. is a less fruitful endeavor, even though the iPhone-maker is the world’s most valuable company, with a market capitalization of $879 billion. Chairman Arthur Levinson is the only insider to make the cut, and Apple stock accounts for just 20 per cent of his $1 billion fortune, according to regulatory filings. The rest comes from his long tenure at Genentech Inc., where he was chairman and chief executive officer, and an early stake in Google Inc. No other Apple insider comes close. CEO Tim Cook has a $600 million fortune, which reflects a pay program that’s restrained relative to the company’s size and performance. DOWNRIGHT BARGAIN - According to the Bloomberg Pay Index, which ranks the best-paid senior managers at public US companies, Apple’s leaders are downright bargains. The cost of executive compensation as a fraction of economic profit defined as after-tax operating profit minus capital costs was the lowest among the companies whose bosses were the country’s 200 best-paid in the most recent fiscal year.