Facebook CEO Mark Zuckerberg faces fraud charges in Silicon Valley lawsuit
1. Mark Zuckerberg moved closer to a trial over a developer's lawsuit alleging the billionaire committed fraud
2. The developer claims he gave Zuckerberg a 40% discount on the property rights
3. Draper said there's evidence in e-mail messages that Zuckerberg agreed to give Voskerician referrals
A state judge in San Jose, California, deniedZuckerberg's request to throw out claims that he didn't keep his word in a $1.7 million deal that ended plans for a mansion with a view into the 31-year-old Facebook founder's bedroom. Superior Court judge Patricia Lucas said at a hearing Thursday she'll consider Zuckerberg's arguments before making a final decision on a breach-of-contract claim.
The case grew out of a 2012 deal in which Zuckerberg paid for the rights to buy the house behind his home in Palo Alto, California, from Voskerician.
PM wants all of India under Aadhaar by December
1.Prime Minister Narendra Modi has pushed for universal enrollment under the ambitious Aadhaar project by the year-end. At a recent high-level meeting of PRAGATI (Pro-Active Governance And Timely Implementation), Modi asked Unique Identification Authority of India (UIDAI) and chief secretaries of states such as UP and Bihar which are lagging behind to accelerate and complete enrollment of all residents by December 2015.
Modi's emphasis on the 'JAM (Jandhan, Aadhaar, Mobile) trinity' in his Silicon Valley outreach, is a clear indication that he wants Aadhaar to be one of the pivots of his anti-poverty strategies ensuring entitlements meant for poor and rural masses actually reach them.
India's foreign reserves plunge by over $2 billion
India's foreign exchange (Forex) reserves declined by $2.04 billion to $349.97 billion in the week ended September 25, official data showed on Friday.
1.The reserves had risen by $631.5 million to $352.02 billion in the previous week ended Sep18
2.The reserves had augmented by $2.35 billion to $351.38 billion in the week ended September 11.
Wal-Mart Stores Inc is cutting 500 jobs at its headquarters in Arkansas
Stores Inc is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said.
1.Fewer than 450 employees are expected to lose their jobs .
2.Wal-Mart declined to comment. News of the impending cuts was reported earlier on Wednesday by the Wall Street Journal.
3.The cuts will make up a small portion of the more than 18,000 people employed at the Bentonville, Arkansas office but fit in with a streamlining effort that has been flagged by chief executive Doug McMillon in recent months.
4.The company's stock is down 26 percent so far this year.
ITBP is Undertaking This Unique Mission on River Ganga
1.Indo-Tibetan Border Police are now undertaking a unique mission to spread awareness about government initiatives.
2.A 46 member team headed by ITBP commandant, Surendar Khatri will set their rafts along the river Ganga in Devprayag, where the tributaries Alaknanda and Bhagirathi merge into the river.
3.They spread awareness about government's initiatives like 'Beti Bachao Beti Padhao' and 'Swachh Bharat', but will also pick up plastic and garbage enroute their journey to Gangasagar in West Bengal.
4.The team will sail on the river through five states of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal, covering a distance of nearly 2,350 kilometres.
5.They are scheduled to conclude the journey by December 12, where Union home minister, Rajnath Singh is expected to welcome the team in a grand ceremony.
India commits to 35% cut in emission rate by 2030
India announced its much awaited post-2020 'climate action plan' promising to reduce emission intensity by 33-35% by 2030 over the 2005 levels, boost clean energy in electricity generation to 40% while adding carbon sinks — tree and forest cover to remove carbon dioxide from the atmosphere — amounting to 2.5-3 billion tonnes of CO2.
1.After submitting the climate action plan to the UNFCCC within its October 1 deadline, environment and climate change minister Prakash Javadekar said in New Delhi,
2.Climate action to cost nation $2.5 trillion.
3.According to the World Resources Institute, India's per capita emissions are 2.44 metric tonnes to China's 8.13 metric tonnes.
4.India is the third largest emitter — fourth, if one counts EU as a single entity — it accounts for less than 7% of greenhouse gases (GHGs). While US and China have agreed to converge at 12 tonnes of CO2 per capita by 2030, India is still far lower that these emission levels.
5.At present, the country is moving to achieve its earlier target of reducing its emission intensity by 20 to 25% by the year 2020 as compared to its 2005 level.
ICICI brings in card-less mVisa
ICICI Bank has become the first institution worldwide to launch mVisa -card-less and device-less solution the payments company is betting on in the mobile space. ICICI Bank has incorporated the mVisa application in its Pockets app, which allows payments to be made by scanning a static QR code and entering the amount.
1.The biggest incentive for merchants to accept mVisa payments is that there is zero investment.
2.The next step involves entering the amount and ATM pin, following which money will be instantly transferred to the merchant account. mVisa is a digital-only payments solution developed by Visa International in India for the world.
ICICI Bank has tied up with 1,500 merchants in Bangalore and it plans to ramp up this number to 15,000 in a couple of months. State Bank of India, HDFC Bank and Axis Bank are also working on incorporating mVisa in their own mobile applications. Besides being card-less and device-less, the system is interoperable, which means that a merchant who accepts mVisa of one bank will accept payments from any other bank that joins the network.
Indian women's cricket team stands fourth in new multi-format ICC rankings
1.The Indian women's cricket team stands fourth in the latest ICC team rankings with the new innovative multi-format system brought into place.
2.Australia are ranked number one following its success in the ICC Women's World Cup 2013 in India and the World Twenty20 2014 in Bangladesh. It also leads the ICC Women's Championship, which is the qualifying tournament for the 2017 World Cup.
3.England are ranked second in the 10-team table, 10 points behind Australia, followed by New Zealand (109), India (105), West Indies (99), South Africa (92), Pakistan (81), Sri Lanka (74), Bangladesh (57) and Ireland (26).
Ajay Jadeja Quits As Delhi Rangi Team Coach
Delhi cricket team's chief coach Ajay Jadeja will not be present in the dressing room when the Gautam Gambhir led side play their opening match of the Ranji Trophy against Rajasthan, in Jaipur .
Ajay (Jadeja) has informed us that he would not be able to perform the coach's duty as his son is not well. He is expected to join the team from the second match," DDCA president Sneh Prakash Bansal told.
Apollo Hospitals Invests Rs 1,400 Crore for Expansion
Apollo Hospitals is currently investing Rs 1,400 crore for setting up four hospitals, a few clinics and homecare services in the country.
"The four hospitals will come up in Mumbai, Bengaluru, Guwahati and Visakhapatnam," Joint MD Apollo hospitals, Sangita Reddy, said.
1.The Group chairman Prathap C Reddy said Apollo Hospitals currently has 9,000 beds and is expected to cross 10,000 once the new hospitals commence operations in a few months.
2.According to him, the investment for Mumbai hospital is Rs 550 crore while Bengaluru and Visakhapatnam facilities will cost Rs 150 crore and Rs 170 crore, respectively.
3.CEO Apollo Homecare, Mahesh Joshi said,The services will be offered in all Tier-I cities and 13 Tier-II cities during next year and will target 1,00,000 lives in the first year of operations.
Bye bye Google, hello Alphabet
Google Inc has morphed into Alphabet Inc.
Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.
1.The core businesses will be called Google and operate as a wholly-owned subsidiary of Alphabet. Sundar Pichai will head Google.
2.Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive.
3.Alphabet's businesses will also include connected home products maker Nest, venture capital arm Google Ventures, and Google Capital, which invests in larger tech companies.
Apollo Hospitals Invests Rs 1,400 Crore for Expansion
Apollo Hospitals is currently investing Rs 1,400 crore for setting up four hospitals, a few clinics and homecare services in the country.
"The four hospitals will come up in Mumbai, Bengaluru, Guwahati and Visakhapatnam," Joint MD Apollo hospitals, Sangita Reddy, said.
1.The Group chairman Prathap C Reddy said Apollo Hospitals currently has 9,000 beds and is expected to cross 10,000 once the new hospitals commence operations in a few months.
2.According to him, the investment for Mumbai hospital is Rs 550 crore while Bengaluru and Visakhapatnam facilities will cost Rs 150 crore and Rs 170 crore, respectively.
3.CEO Apollo Homecare, Mahesh Joshi said,The services will be offered in all Tier-I cities and 13 Tier-II cities during next year and will target 1,00,000 lives in the first year of operations.
Bye bye Google, hello Alphabet
Google Inc has morphed into Alphabet Inc.
Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.
1.The core businesses will be called Google and operate as a wholly-owned subsidiary of Alphabet. Sundar Pichai will head Google.
2.Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive.
3.Alphabet's businesses will also include connected home products maker Nest, venture capital arm Google Ventures, and Google Capital, which invests in larger tech companies.
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