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- Man suffering from heart ailments poisons minor daughters and attempts suicide
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- With its affordable tag, can real estate finally take off like aviation sector
- OnePlus reportedly collecting lots of data on its users without telling them
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- Discover card users can redeem their points on Apple Pay
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- Modi’s new advisors need to figure out these 4 issues in today’s meet
- India’s telecom war on the cusp of a welcome break
- Jewellers expect 20-30% increase in sales this Diwali
- How big companies make billions from your personal data but never take any responsibility
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- HP Inc retains top spot as worldwide PC shipments continues to fall
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- #8: The Instant Pot® Electric Pressure Cooker Cookbook: Easy Recipes for Fast & Healthy Meals
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| Man suffering from heart ailments poisons minor daughters and attempts suicide Posted: 11 Oct 2017 02:36 AM PDT Thinking that his children would turn orphans a person ailing from heart-related ailments murdered his two young minor daughters feeding them with poison and later attempted suicide consuming poison, slitting his throat at Mudenur forest area in Ramdurg taluk in Belagavi district. The deceased children are identified as Pavitra Kullur (8) and her Priyanka (6). Siddappa Dulappa Kullur (35) the father has been admitted to a private hospital in Bagalkote where his condition is said to be critical. The incident took place on Tuesday evening when his wife Geeta had visited Naragund along with two sons to attend some rituals. The incident came to light on Wednesday morning. According to police Siddappa, a farmer resident of Mudenur in Ramdurg was scheduled to join his wife for the ritual in Nargund. However, after he departed from home in the evening he informed the wife over the phone that the bus had met with an accident. The two daughter were killed in the accident and he too was serious. He asked the wife not to make efforts to search them and disconnected the phone. Repeated efforts of the wife and family member to contact Siddappa when in vain. Later in different team they family members and relatives when in search to find the father and two daughter. The trio were finally found at the forest areas by Siddappa’s sister a resident of Jalikatti in the taluk who were engaged in search operation. She was shocked on sighting the horrifying incident as she found the two children dead and the father in critical condition. The police recovered the the bodies of the two children which had fallen around 15 feet apart, and rushed the father to the hospital after finding him few feet away at the same place. Ramdurg police have registered a double murder case and suicide attempt case. Source: DH |
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| With its affordable tag, can real estate finally take off like aviation sector Posted: 11 Oct 2017 02:20 AM PDT By Preeti Sharma India's housing wants to get affordable and it is exploring how. It dreams to be the next aviation sector of India, which showed exponential growth by doling out cheap air tickets to India’s common man. The realty sector aims to create a similar demand and supply situation of giving every Indian a house of his own. As the Indian government is patting its back for giving out a handful of sops to the housing sector and is wondering why it should not be given its due credit, the real estate industry is still getting its act together after facing four 'tsunamis' — demonetisation, rera, gst and insolvency. At a recently held event in New Delhi, political leaders and government officials from the housing sector gave an audience to the developers on policies' overhaul. Speaking at the event, Narender Singh Tomar, Minister of Housing & Urban Affairs, Rural Development, Panchayati Raj and Drinking Water & Sanitation, said the government was committed to fulfil the Housing for All dream. He put the onus of growth in the sector on developers saying it is the collective responsibility of all the stakeholders to do so. "The glitches and loopholes, if at all, prevail in the real estate sector despite the fact that the government has already brought out friendly regulations. The earlier hostile clauses in the real estate policies have been kept aside to ensure equitable growth in the real estate and construction sector, it is still open for improvements," explained Tomar. Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs (HUA) counted a number of measures introduced by the government for the housing sector – CLSS, online building approval, easy land acquisition, access to technology and one tax under GST. "The government has extended the Credit Linked Subsidy Scheme (CLSS) to the mid-income group home buyers. This interest rate subvention scheme should generate demand in the housing sector. We need developers' contribution as they need to take the benefit to the people who can consume the ready inventory," said Mishra. However, is this enough for the real estate sector to achieve the growth it aspires for? The developers and industry experts are far from being pleased. They raised a lot of concerns which they assert are hindrances to attain the Housing for All Mission. For them, 2017 has not been a normal year for any trade in the country, including the real estate sector. The developers agreed that low-cost housing is the future of the country but they were still unsure about its timeline. There were murmurs of introducing amendments in the recent policy changes. "When GST was introduced, we were told that it will not cause any incremental tax on the housing sector. Which meant that it will be tax neutral. Industry experts said that a minimum escalation of costs comes to 3 per cent for projects and about 5.5-6 per cent where land cost is higher. The government is charging tax, irrespective of affordable housing or regular housing," said Dr Niranjan Hiranandani, president, Naredco and co-founder and managing director of Hiranandani Group. "We want the government to make housing sector tax neutral by making the adjustment for land cost. We are not asking anything special. For affordable housing the tax should not be 12 per cent but 6 per cent. The land cost are incrementally increasing. It is the need of the hour to use the government land for affordable housing to make it economically viable," Hiranandani added. Industry experts agree with him. "Sales are down and it will take a long time for the market to revive. This is not the year for assessments," said Ramesh Nair, CEO and Country Head, India at JLL. Developers need the government to show more passion for the real estate sector. The government, on the other hand, wants the sector to be passionate about the new policies. Between them is the consumer who nestles the passion of owning a home and wonders when he will be able to attain it. |
| OnePlus reportedly collecting lots of data on its users without telling them Posted: 11 Oct 2017 02:20 AM PDT The Shenzhen based Chinese smartphone manufacturer OnePlus allegedly has been collecting sensitive information on users without their consent from their devices. This was brought to light in a blog post by security researcher Christopher Moore. Earlier, there have been reports on OnePlus manipulating benchmarks and incorrect mounting displays but this time around, Moore while participating in the SANS Holiday Hack Challenge decided to check the internet traffic from his phone OnePlus2 2. He used OWASP ZAP, a security tool which tracks web applications. Interestingly, he found HTTPS requests being sent to a domain called open.oneplus.net. He decided to explore further. After decrypting the data, he figured out that OxygenOS’s analytics is sending user data regularly to the OnePlus’s AWS servers. On further analysis he realized that, OnePlus was collecting User' phone number, MAC addresses, IMEI and IMSI code, Mobile network(s) names, Wireless network ESSID and BSSID, Device serial number, Timestamp when a user locks or unlocks the device, Timestamp when a user opens and closes an application on his phone, Timestamp when a user turns his phone screen on or off. Moore first blogged about this in January 2017 where he even said ” I took to Twitter to ask OnePlus on Twitter how this could be turned off, which disappointingly led down the usual path of "troubleshooting" suggestions, before being met with radio silence:” Also as reported by The Hacker News, this glitch was earlier reported by a security researcher named “Tux” in July 2016. Moreover, Moore’s research also found that the code which was behind this ‘in device analytics’ is contained in OnePlus Device Manager and provider which is a part of system application OPDeviceManager.apk. While OnePlus is yet to ETtech’s questionnaire at the time of publishing of the article, they responded to Android Police saying ” We securely transmit analytics in two different streams over HTTPS to an Amazon server. The first stream is usage analytics, which we collect in order for us to more precisely fine tune our software according to user behavior. This transmission of usage activity can be turned off by navigating to 'Settings' -> 'Advanced' -> 'Join user experience program'. The second stream is device information, which we collect to provide better after-sales support.” |
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| Discover card users can redeem their points on Apple Pay Posted: 11 Oct 2017 02:07 AM PDT
Source: engadget |
| Heavy rains in mysuru, crocodile strays into Kuppanna Gardens Posted: 11 Oct 2017 02:01 AM PDT A crocodile was spotted in Kuppanna Gardens in Mysuru on Wednesday morning. The crocodile is said to have swum through the drain because of heavy rains. According to the forest department, the crocodile is likely to have come from the Karanji lake near Sri Chamarajendra Zoological Gardens or Mysore Zoo. People spotted the crocodile at 6.30 am and alerted the Forest Department. The crocodile was caught in about 45 minutes by the team, headed by ACF Prakash. Source: DH |
| Modi’s new advisors need to figure out these 4 issues in today’s meet Posted: 11 Oct 2017 01:25 AM PDT It seems after three years of “hard work”, the Narendra Modi government needs a bit of “Harvard” too. Pitting “hard work” against “Harvard”, Prime Minister Modi has emphasised several times over the past three years that sincere efforts are more important than academic knowledge. But now with growth plummeting and economy facing several grave challenges, the government formed a new Prime Minister’s Economic Advisory Council (PMEAC) last month. The term of previous PMEAC had ended after the exit of the UPA government in May 2014. When the new body, headed by NITI Aayog member Bibek Debroy, meets for the first time today, its plate will be full. Growth is down, jobs are scarce, investment is low, the Goods and Services Tax (GST) is in a shambles and bad loans are weighing down banks. Below are a few issues of concern on which PM Modi can do with advice from the body that includes several eminent economists: Low growth The GDP growth slid to a three-year low of 5.7 per cent during the first quarter (April-June) of the current financial year. The GDP growth rate has been slowing every quarter since March 2016, when it stood at a whopping 9.1 per cent. India now seems far away from becoming the fastest-growing economy again. In the January-March quarter, India lost this tag when the GDP growth slipped below China’s 6.9 per cent growth. China retained the same rate of growth in the April-June quarter too. Goods and Services Tax Though the GST Council has offered relief in various forms to businesses, GST has not yet started a smooth run. The GST revenue collection in August declined to Rs 90,669 crore as on September 25 from Rs 95,000 crore in July. In its recent meeting, GST Council extended the limit for composition scheme, brought down rates and loosneed compliance. Yet GST needs careful handling as the disruption caused by it can further impact GDP gowth. Lack of private investment Private sector investment activity is not picking up for a long time. Experts say it may take two years for private investment to revive. Low demand, overcapacity and impact of demonetisation and GST on private sector are major roadblocks to investment. The government spending was supposed to create a crowding-in impact, kickstarting private investment. But that hasn’t happened yet. Jobs A key plank of PM modi in the last Lok Sabha elections, employment has grown into a big problem. In a recent RBI survey, 43.7 per cent of respondents believed current perception about employment has worsened, much higher than the 31.4 per cent in November 2016. Job creation should be a priority issue for the PM’s advisory body, not least because it is PM’s own poll promise. |
| India’s telecom war on the cusp of a welcome break Posted: 11 Oct 2017 01:25 AM PDT By Andy Mukherjee After a year of bloodletting, India’s telecom industry is on the cusp of a well-deserved breather. But don’t look for the billionaires in this dogfight to declare a truce. Bharti Airtel Ltd., controlled by Sunil Mittal, is still struggling to hold on to price-sensitive customers in smaller cities and towns, whereas Vodafone Plc’s local unit, as well as Idea Cellular Ltd., led by Kumar Mangalam Birla, are losing users pretty much everywhere. The top three players’ quarterly earnings will once again show pressure on revenue and profitability. The big winner is Mukesh Ambani. The oil tycoon who ties with Tencent Holdings Ltd.’s Pony Ma as the third-richest person in Asia is winning subscribers at a rate of 5 million a month by offering free voice calls and cheap data. So who’s calling for a timeout? Certainly not India’s telecom regulator, whose decision to slash what Ambani’s Reliance Jio needs to pay market leaders for terminating calls from the newbie network is going to cost the incumbents dearly. If the mauling is going to stop for a while, then thank private equity and sovereign wealth funds. A consortium of buyers including KKR & Co., Canada Pension Plan Investment Board, Abu Dhabi Investment Authority and Singapore’s GIC Pte is planning an $11 billion buyout of Bharti Infratel Ltd. and its 42 per cent affiliate Indus Towers Ltd., in which Vodafone and Idea Cellular also own stakes, according to the Economic Times. For all the pain in wireless services, the back-end infrastructure — or cellular towers — is doing very well. Yes, Vodafone’s and Idea’s planned merger would see some drop in tower tenancy. But the marriage would take at least a year to consummate. Until then, though, Infratel’s post-tax earnings, including its share of Indus’s profit, is projected by ICICI Securities Ltd. to grow at a 10 per cent annual pace, buoyed by Jio’s expansion. Supposing the KKR-led deal does go through, both Bharti and Idea would get the cash they need to prune debt in their mobile service operations. Bharti’s net debt to Ebitda may have already peaked, however deleveraging is crucial for Idea, whose interest costs probably ate up a chunk of its earnings in the September quarter. The other respite may come from Tata Teleservices Ltd., which, according to local media reports, is on the verge of shutting down its wireless offering. Some of its 3.55 per cent market share would go to Jio, helping boost its 11 per cent portion. At the very least, though, the redistribution of users won’t leave the top three any worse off. Telecom is filling India’s state-run banks with dread. Reliance Communications Ltd., which is controlled by Mukesh Ambani’s younger brother Anil, saw its deleveraging plans go off the rails earlier this month. RCom owes creditors $7 billion. There may be haircuts for banks on Tata Teleservices’ $5 billion liability as well. The carnage won’t cease until the industry winnows down to four players, including one state-owned operator. That’s a real possibility only when Idea and Vodafone have merged. In the meantime, any deal that enhances the stronger operators’ balance sheets and hastens the weaker ones’ exit would be good for everybody. If nothing else, at least the bleeding billionaires will be able to catch their breath. This column does not necessarily reflect the opinion of Bloomberg LP and its owners. |
| Jewellers expect 20-30% increase in sales this Diwali Posted: 11 Oct 2017 01:25 AM PDT Jewellers are expecting a 20% -30% increase in sales this Diwali as the market sentiment has become positive after government decided to do away with KYC requirement for cash purchase of gold of Rs 50,000. Ishu Datwani, founder, ANMOL said "We are expecting an increase in demand for both gold and diamond jewellery this Dhanteras. It is also the onset of the wedding season, so there will be a good demand for small and big-ticket items. The announcement of PMLA act's withdrawal is a big relief and the timing is right. There are women/housewives who come to us to buy jewellery with the money they save from kitties.Keeping favourable factors in mind, we are expecting at least 20-25% increase in sales this Dhanteras”. On Thursday morning, gold price was hovering Rs 29,890 per 10 gm, a little less than Tuesday when the price was rs 29,910 per 10 gm in the local market. In the international market, gold stood little changed after the dollar recouped early losses, with investors awaiting the release of the US Federal Reserve's minutes from its September meeting for clues on further interest rate hikes this year. Aditya Pethe, director, WHP Jewellers said “We are expecting a good demand this season. The market sentiment has improved since Akshay Tritiya and government's decision of putting gems and jewellery industry in a 3% slab has reinstated consumer's faith in the industry. In last three years the sector has faced several turmoils due to various amendments in regulations and this was much needed for the industry. The KYC requirement for rs 50,000 cash purchase of jewellery had affected sales as teh move had restricted consumers from buying jewellery. The timing of the announcement couldn't have been better as Diwali is around the corner and this move will translate into a positive sentiment amongst buyers. With current the market scenario, we are expecting a 30-35% increase in sales and have noticed that younger consumers prefer more of lightweight diamond jewellery.” Added Vaibhav Saraf, director, Aisshpra Gems & Jewels that they are expecting a positive trend this festive season. “With our new store in Gorakhpur footfalls have further boosted. People are becoming more and more aware of the benefits of hallmarked jewellery in tier II and tier III cities as it increases transparency in dealings. thus organized The removal of PMLA from gems & jewellery sector is a major relief and a welcome decision especially due to the festival season being around the corner. The 3% GST will also have no impact on the festive sales.” Quote by Ms. Tanya Rastogi, Director, Lala Jugal Kishore Jewellers – "This Dhanteras the mood is a watchful excitement. As per the statistics, the currency flow in our economy has reached back to the pre-demonetization levels. The undisputed annual demands have accrued for an extended period, and are expected to realize now. And frankly, the unwillingness to sit on currency in face of frequent unpredictable government policies and gold being the most popular mode of conversion nationally, all point towards a highly favorable oncoming Dhanteras". |
| How big companies make billions from your personal data but never take any responsibility Posted: 11 Oct 2017 01:25 AM PDT By Thomas L. Friedman There is an abiding dream in the tech world that when all the planet's people and data are connected it will be a better place. That may prove true. But getting there is turning into a nightmare — a world where billions of people are connected but without sufficient legal structures, security protections or moral muscles among companies and users to handle all these connections without abuse. Lately, it feels as if we're all connected but no one's in charge. Equifax, the credit reporting bureau, became brilliant at vacuuming up all your personal credit data — without your permission — and selling it to companies that wanted to lend you money. But it was so lax in securing that data that it failed to install simple software security fixes, leaving a hole for hackers to get the Social Security numbers and other personal information of some 146 million Americans, or nearly half the country. But don't worry, Equifax ousted its CEO, Richard Smith, with "a payday worth as much as $90 million — or roughly 63 cents for every customer whose data was potentially exposed in its recent security breach," Fortune reported. That will teach him! Smith and his board should be in jail. I'm with Sen. Elizabeth Warren, who told CNBC, "So long as there is no personal responsibility when these big companies breach consumers' trust, let their data get stolen, cheat their consumers … then nothing is going to change." Facebook, Google and Twitter are different animals in my mind. Twitter has enabled more people than ever to participate in the global conversation; Facebook has enabled more people than ever to connect and build communities; Google has enabled everyone to find things like never before. Those are all good things. But the three companies are also businesses, and the last election suggests they've all connected more people than they can manage and they've been naive about how many bad guys were abusing their platforms. As Mark Warner, the top Democrat on the Senate Intelligence Committee, put it to me, "Up to now these companies have not taken the threat that Russia and other foreign agents pose to our system seriously enough or invested enough or to really reveal what happened in 2016 — or what is still happening now." In November last year, Facebook CEO Mark Zuckerberg dismissed as "a pretty crazy idea" evidence that people were using Facebook to generate fake news to tip the U.S. election. Last week, after disclosing hundreds of Russia-linked accounts — where fictional people posing as U.S. activists spread inflammatory messages about immigration and guns and trashed Hillary Clinton and boosted Donald Trump — Zuckerberg admitted, "Calling that crazy was dismissive and I regret it." One reason Facebook was slow to respond is that its business model was to absorb all of the readers of the mainstream media newspapers and magazines and to absorb all their advertisers — but as few of their editors as possible. An editor is a human being you have to pay to bring editorial judgment to content on your website, to make sure things are accurate and to correct them if they're not. Social networks preferred to use algorithms instead, but these are easily gamed. America's democracy is built on two principles: truth and trust. We trust that our elections are fair and that enables our peaceful rotations of power. And we trust that the news we get from our mainstream outlets is true and that it is corrected if it is not. And we expect our president to defend both. But today many people are getting news from platforms that are easily polluted by Russian or other hackers with fake news. And our president is a liar who refuses to hold Russia to account for anything. It's a terrible combination. We can't fix Trump right now. But have Equifax and these big social networks become so much part of the wiring of our lives — and the effects of their failures so consequential — that they should be regulated in new ways? I don't know, but I know it's time for this discussion. It's already started. These companies make billions selling our data, but they're ambivalent about taking responsibility "for the uses, and abuses, of their platforms," argued Harvard political philosopher Michael Sandel. "They can't have it both ways. If they claim they are neutral pipes and wires, like the phone company or the electric company, they should be regulated as public utilities. But if, on the other hand, they want to claim the freedoms associated with news media, they can't deny responsibility for promulgating fake news." In the early 20th century, Sandel added, "the rise of monopolies and concentrated economic power brought forth an era of progressive reform that regulated railroads, banks and utilities in the public interest. Today, we need a similar spirit of reform. These platforms are so dominant that, like electric wires or telephone lines, we can scarcely avoid using them. But when they allow our personal data — or elections — to be hacked, there's not much we can do about it." "A century ago, we found ways to rein in the unaccountable power associated with the Industrial Revolution,” Sandel concluded. "Today, we need to figure out how to rein in the unaccountable power associated with the digital revolution." |
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| HP Inc retains top spot as worldwide PC shipments continues to fall Posted: 11 Oct 2017 01:00 AM PDT NEW DELHI: As the worldwide PC shipments continues to dip, HP Inc and Lenovo were in a virtual tie for the top spot in the PC market in the third quarter of 2017, Gartner said on Wednesday. HP Inc. reported 21.8 per cent while Lenovo registered 21.4 per cent market share in terms of PC shipments. However, “HP Inc. is in an upward trend as it has experienced five consecutive quarter of global PC growth, while Lenovo is in a downward trend with declining shipments in eight of the last 10 quarters,” Gartner said. Worldwide PC shipments reached 67 million units in the third quarter of 2017 — a 3.6 per cent decline from the third quarter of 2016. This is the 12th consecutive quarter of declining PC shipments. “While there were signs of stabilisation in the PC industry in key regions, including EMEA (Europe, the Middle East and Africa), Japan and Latin America, the relatively stable results were offset by the US market, which saw a 10 per cent (year-over-year) decline,” said Mika Kitagawa, Principal Analyst at Gartner. In Asia-Pacific, PC shipments reached 24 million units in the third quarter of 2017 — down 2.1 per cent from the same period last year. HP Inc experienced growth in all key regions, except the US market. The company experienced double-digit growth in Latin America while in Asia/Pacific, HP Inc secured positive growth for the fifth consecutive quarter. Lenovo experienced its steepest year-over-year decline of PC shipments in the US since it acquired the IBM PC business division in 2005. Dell’s worldwide PC shipments were slightly down compared with a year ago, as it registered its first year-over-year shipment decline since the first quarter of 2016. While consumer demand remained lacklustre, PC demand in the business segment remained steady, especially for notebooks. “In China, the PC market is estimated to have declined by 5 per cent in the third quarter of 2017, with more stability in the business market, particularly in large enterprises, than in the consumer space,” Gartner said. |
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| Euro rises to $1.1815 as Catalan independence concerns abate Posted: 11 Oct 2017 12:47 AM PDT This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.    
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| Mi Mix 2 review: It will wow any onlooker Posted: 11 Oct 2017 12:30 AM PDT Source: ET |
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| L&T Hydrocarbon Engg bags Rs 1,150-cr mandate from ONGC Posted: 11 Oct 2017 12:25 AM PDT NEW DELHI: L&T Hydrocarbon Engineering has secured a Rs 1,150-crore contract from ONGC pertaining to a Daman Development project. “L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has bagged an offshore contract for the Transportation and Installation – Daman Development project from Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,150 crore (USD 177 million),” Larsen and Toubro stated in a BSE filing today. The project, part of ONGC’s strategy to extract gas from the Daman field, is located in the south-western part of Tapti – Daman block in the Mumbai offshore. The contract covers engineering, procurement, construction, installation and commissioning of the project. Stock of Larsen and Toubro was trading 0.55 per cent up at Rs 1,149.10 on the BSE. |
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