About Arun Kumar N

Arun has been associated with India International Times since 2018 and he has been a key reporter in covering science and space related stories. He can be reached at arunKnn@indiainternationaltimes.com.

‘The Kapil Sharma Show’, PV Sindhu recalls when Sachin gifted her a car

Badminton champion P.V. Sindhu talked about the legendary batsman Sachin Tendulkar presenting her car after she won a silver medal at the 2016 Summer Olympics (Rio).

She recalled how Sachin called her and congratulated her on the victory: “He called and congratulated me. Last time I remember when I participated in Commonwealth Games, 2014 for the first time, he told me that if I get a medal in the Rio 2016 Olympics then he will come and give me a car again. So after getting the medal, he ensured he came and presented me with the car, and I am really thankful to him as this gesture really made me happy.”

She further added praising Tendulkar for the support he gives to sports personalities.

PV Sindhu/IANS

“It’s very kind of him because along with him many people contributed to it. He supported a lot of sports people and this kind of support needs to be there for sports personalities so that it’s like a motivation for them to go much further and do well. These kinds of awards and rewards will give a lot more confidence to all sportspersons. I really like cars and I’m very thankful to him that he gave me a car.”

In a conversation with Kapil Sharma, she told him about getting injured during the Commonwealth Games in Birmingham in which she won the gold medal in women’s singles.

“Yes, during the quarter-finals there was a little pain. The pain was happening in between the match and I was like I have to complete this match. So after the match, my physio team and my trainer were also there so I told them I don’t know what happened but it’s a lot. My heart and mind were focused on winning the medal. So, during the semi-final and final, I was only thinking that I have to give my best and I gave my hundred per cent and won the gold,” she concluded.

P.V. Sindhu, boxing Champion Nikhat Zareen, lawn bowl team – Rupa Rani Tirkey, Lovely Choubey, Pinki Singh, and Nayanmoni Saikia are appearing on ‘The Kapil Sharma Show’ this weekend.

The show airs on Sony Entertainment Television.

Apple CEO Tim Cook visited iconic New York City store, greets first iPhone 14 buyers

New York, Sep 16 (IANS) Apple CEO Tim Cook on Friday visited the prestigious Fifth Avenue store in New York City to greet fans queued up to buy the new iPhone 14 series and Watch Series 8.

Cook, seen wearing the new rugged Apple Watch Ultra, along with Apple’s senior vice president of Worldwide Marketing, Greg Jozwiak, applauded the crowd outside the store.

According to Apple insider, Cook was spotted entering the Store and talking with the staff early in the morning.

Neither Apple nor Cook announced his visit to the New York Apple store.

Tim Cook greets first iPhone 14 buyers at iconic NY store/IANS

This is the first iPhone launch that Cook has attended in person in New York City since the pandemic.

In 2019, the Apple CEO visited the Fifth Avenue store for the iPhone 11 launch at the reopening of that store after two years.

Apple has been highlighting the very first buyers at its stores around the world.

The new Apple 14 series and Apple Watch Series 16 went on sale across the globe, including India, on Friday.

Apple iPhone 14 series, Watch Series 8 now available in India/IANS

iPhone 14 Pro and iPhone 14 Pro Max are now available in deep purple, silver, gold, and space black in 128GB, 256GB, 512GB, and 1TB storage capacities.

The iPhone 14 Pro models feature the Always-On display, Crash Detection, Emergency SOS via satellite, and an innovative new way to receive notifications and activities with the Dynamic Island.

Apple Watch Series 8 delivers best-in-class health features, including an innovative temperature sensor that enables advanced features for women’s health, and Crash Detection for severe car crashes.

Coast Guard rescues 19 crew from sinking cargo ship off Maharashtra shore

Sep 16 (IANS) In a swift and coordinated rescue operation, the Indian Coast Guard saved 19 crew members – 18 Indians and the Ethiopian Captain – of a sinking cargo ship, an official said here on Friday.

The Gabon-flagged vessel, MT Parth, was carrying a cargo of 3,911 tonnes of Asphalt Bitumen from Khor Fakkan in UAE to New Mangalore Port.

Around 9.30 a.m., the vessel reported flooding in the Arabian Sea when it was around 41 miles off Ratnagiri coast and the crew sent a distress message to the ICG.

The Maritime Rescue Coordination Centre swung into action and two ICG ships in the vicinity, ICGS Sujeet and ICGS Apoorva, were diverted to the distressed cargo ship, an Advanced Light Helicopter deployed and ship MV Wadi Bani directed to proceed for help.

Indian Coast Guard rescued 19 crew, i cluding 18 Indians and 1 Ethiopian Captain, from a flooded cargo ship sailing from UAE to New Mangalore Port..

The ICG also relayed International Safety Net and NAVTEX to alert other merchant vessels in the area.

As the MT Parth was flooding fast and dangerously listing, the crew abandoned the ship expecting it would sink when the MV Wadi Bani Khalid reached the spot around 12.30 pm, along with ICGS Sujeet and the chopper.

Indian Coast Guard rescued 19 crew, i cluding 18 Indians and 1 Ethiopian Captain, from a flooded cargo ship sailing from UAE to New Mangalore Port/IANS

The rescue operations are continuing and the owners of the distressed vessel have been asked to take up preventive measures to arrest marine pollution with an emergency towing vessel proceeding to the spot.

Till date, the ICG has saved more than 11,000 lives at sea, or almost one life every other day with quick seamless coordination among various agencies.

British pound slumps to a 37-year low; Now 1 pound=1.14 US dollar or 91 INR

Sep 16 (IANS) The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking, media reports said.

The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said that retail sales in August dropped 1.6 per cent month-over-month, the biggest decline since December 2021 and significantly worse than economists had expected, CNN reported.

“I think the UK is in recession already,” said Michael Hewson, chief market analyst at CMC Markets UK, CNN reported.

Pounds/IANS

The pound has been hammered by a string of weak economic data, but also the steep ascent of the US dollar, a safe haven investment that sees inflows in times of uncertainty. The greenback is now near its strongest level in about two decades against a basket of top currencies, bolstered by expectations of another big rate hike by the Federal Reserve next week, the report said.

But the economic outlook in the United Kingdom means the pound is suffering more than most. It has lost more than 15 per cent of its value against the dollar this year, compared to a 12 per cent decline in the euro.

Rupee-dollar/IANS

A plan by Prime Minister Liz Truss to subsidise energy bills for households and businesses could ease the pain this winter, but may not be enough to restore growth. The Bank of England forecast a lingering recession before her plan was announced.

Investors have also been unsettled by indications that the government will pay for its energy program, which could cost as much as $171 billion, by sharply increasing the UK national debt.

Aadhaar authentication mandatory in E-auction of PM mementos, gifts

You will have to get verified through Aadhaar registration if you want to buy the memorable mementos and gifts presented to Prime Minister Narendra Modi. The e-auction is set to begin from Saturday.

A senior official of the Ministry of Culture said that Aadhaar authentication will be done to bring transparency in the auction of gifts and mementos. Aadhaar authentication was not necessary during last year’s auction.

To participate in this online auction, interested buyers have to register themselves on this portal and the registration is open to Resident Indians only.

Aadhaar /IANS

“To identify the authenticity of the buyer, Aadhaar authentication is being done during the registration process for both new buyers and those who have already registered in the portal. This Aadhaar authentication process is a one time process and only authenticated buyers can participate in the auction,” said an official of the ministry.

The buyer can participate in the auction by selecting the product listed for live auction. The highest bidder will be approved by the department for making payment.

The Ministry of Culture is organising the fourth edition of the e-auction of the gifts presented to Prime Minister Narendra Modi which is scheduled from September 17 to October 2.

Addressing the media on Friday, Union Minister of Culture G Kishan Reddy said, “In 2019 these items were auctioned for people by open bidding. That time 1805 gifts were put on auction in the first round, and in the second round 2772 gift items were put on auction. In 2021, also e-auction was organised in September and we had 1348 items on auction. This year approximately 1200 mementos and gift items have been put on e-auction. The display of the mementos has been done at the National Gallery of Modern Art, New Delhi. These items can also be viewed on the website.”

Aadhaar card/IANS

Giving more details, the Union Minister said, “Mementos in the auction include exquisite paintings, sculptures, handicrafts and folk artefacts. Several of these are items customarily offered as gifts, such as traditional angavastrams, shawls, headgear, ceremonial swords. Other memorabilia of interest include replicas and models of the Shri Ram Mandir at Ayodhya and the Kashi-Vishwanath Temple in Varanasi. We also have an exciting section of sports memorabilia”.

He said that Team India’s stellar performance at the Commonwealth Games 2022, the Deaflympics 2022 and Thomas Cup Championship 2022 earned us a place in history and a rich haul of medals. On auction are the memorabilia presented by the teams and winners of the sporting events. There are 25 new sports memorabilia in this edition of the auction, the minister disclosed.

Smile please! Now improved mineralized material can restore tooth enamel

Scientists have perfected hydroxyapatite, a material for mineralizing bones and teeth. By adding a complex of amino acids to hydroxyapatite, they were able to form a dental coating that replicates the composition and microstructure of natural enamel. Improved composition of the material repeats the features of the surface of the tooth at the molecular and structural level, and in terms of strength surpasses the natural tissue. The new method of dental restoration can be used to reduce the sensitivity of teeth in case of abrasion of enamel or to restore it after erosion or improper diet. The study and experimental results are published in Results in Engineering.

“Tooth enamel has a protective function, but unfortunately, its integrity can be destroyed by, for example, abrasion, erosion or microfractures. If the surface of the tissue is not repaired in time, the enamel lesion will affect the dentin and then the pulp of the tooth. Therefore, it is necessary to restore the enamel surface to a healthy level or build up additional layers on the surface if it has become very thin. We have created a biomimetic (i.e., mimicking natural) mineralized layer whose nanocrystals replicate the ordering of apatite nanocrystals of tooth enamel. We also found out that the designed layer of hydroxyapatite has increased nanohardness that exceeds that of native enamel,” says Pavel Seredin, Leading Specialist at UrFU Center “Nanomaterials and Nanotechnologies”, Head of the Department of Solid State Physics and Nanostructures at Voronezh State University.

 

Scientists tested the effectiveness of the new enamel coating on real healthy teeth./Anastasia Kurshpel / UrFU

Hydroxyapatite is a compound that is a major component of human bones and teeth. Scientists selected a complex of polyfunctional organic and polar amino acids, including, for example, lysine, arginine, and histidine, which are important for the formation and repair of bone and muscle structures. The chosen amino acids made it possible to obtain hydroxyapatite, which is morphologically completely similar to apatite (the main component of tissues) of dental enamel. The researchers also described the conditions of the environment in which the processes of binding of hydroxyapatite to the dental tissue should occur. Only if these conditions are met it is possible to fully reproduce the structure of natural enamel.

“Traditionally in dentistry, composite restorative materials are used in enamel restoration. To increase the bonding efficiency of enamel and composite, the restoration technique involves acid etching of the enamel beforehand. The etching products left behind may not always have a positive effect on the bonding of enamel and synthetic materials. To reproduce the enamel layers with biomimetic techniques, we neutralized the media and removed the etching products using calcium alkali. In this way we improved the binding of the new hydroxyapatite layers,” explains Pavel Seredin.

The formation of a mineralized layer with properties resembling those of natural hard tissue was confirmed by field emission electron and atomic force microscopy as well as by chemical imaging of surface areas using Raman microspectroscopy. The study was conducted on healthy teeth to eliminate the influence of extraneous factors on the resulting layer and to be able to compare the results with healthy teeth. Next, the researchers will tackle the challenge of repairing larger defects, which can be of varying nature from the initial stages of caries to cracks and volumetric fractures.

Sensex plunges by over 1,000 points, heavy sell-off in IT, banking shares

Equities market was falling sharply on Friday during the afternoon trade due to heavy sell-off in IT, PSU Banks, Auto stocks following weak Asian markets on concerns of global recession, dealers said.

At 2.10 p.m., Sensex was down 1050.03 points or 1.75 per cent at 58,883.98, and Nifty was trading 326.56 points or 1.83 per cent lower at 17,550.85.

Mahindra & Mahindra, Tech Mahindra, Ultratech Cement, TCS, Infosys, Wipro were major losers during the afternoon trade on Sensex.

Mumbai:People walk past the Bombay Stock Exchange (BSE) building in Mumbai / IANS

Nifty IT and BSE IT index were down 2.91 per cent and 2.69 per cent respectively. Nifty PSU Bank index was down 2.79 per cent and BSE Auto was down 3.25 per cent.

“Indian equity markets are witnessing some selling pressure after a long period of resilience. Global cues continuously remain weak as there is a sharp surge in the dollar index and US bond yields post US inflation numbers. We may continue to outperform, but we can’t remain in isolation for a long time. Global markets are looking nervous ahead of the FOMC meeting because there is talk of a 100 basis rate hike while a 75 basis rate hike was already discounted,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

Asian markets remained weaker on Friday due to growing fears of a global recession after the warnings by the World Bank and the International Monetary Fund.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent. Australian shares were down 0.94 per cent on Friday, while Japan’s Nikkei stock index slipped 1.2 per cent.

Global Recession fears

The world may edge towards the global recession in 2023 as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said.

The economies of the US, China, and the euro zone, were slowing and a slight hit to the global economy further would lead to recession.

“Technically, Nifty is facing resistance at the 18,100 level and it has slipped below its 20-DMA of 17,700 which may lead to some more selling pressure where 17,470-17,400 is an immediate demand zone then 17,150 is a sacrosanct support level. Bank Nifty is outperforming but yesterday it ended at a day’s low after hitting a fresh all-time high, which is a little disappointing. On the downside, 40,900-40,700 is an immediate demand zone; below this, 40,270 is the next important support level,” Meena added.

Mukesh Ambani donates Rs.1.5 Cr to TTD at Tirumala

Reliance Industries chairman and managing director Mukesh Ambani on Friday donated Rs 1.5 crore to Tirumala temple after offering prayers at the famous hill shrine.

Later, he reached Ranganayakula Mandapam and handed over the DD to Tirumala Tirupati Devasthanam (TTD) executive officer A. V. Dharma Reddy. He also participated in the rituals performed by the temple priests.

The TTD EO presented temple prasadam to the Reliance chairman while priests rendered Vedasirvachanam. Ambani later visited TTD Goshala and appreciated the efforts by the temple body in promoting cow worship across the country.

YSR Congress Party (YSRCP) MPs Vijayasai Reddy, M. Gurumoorthy and MLA Chevireddy Bhaskar Reddy were also present.

Namami Gange: E-auction of 1200 prestigious, memorable mementos, gifts presented to PM Modi to begin tomorrow

E- auction of more than 1200 prestigious and memorable mementos and gifts presented to Prime Minister Shri Narendra Modi  to begin tomorrow. The e-auction will continue up to 2nd October, 2022.

PM Narendra Modi is the first ever Prime Minister of India, who has decided to auction all the gifts he receives for the noble cause of Namami Gange.

The Ministry of Culture is organizing the fourth edition of e- auction of prestigious and memorable gifts presented to Prime Minister Narendra Modi which is scheduled from 17th September to 2nd October, 2022.

Union Minister of Culture, Tourism and DoNER, G. Kishan Reddy briefed the media about the upcoming auction. Minister of State for Culture and Parliamentary Affairs, Shri Arjun Ram Meghwal and Minister of State for Culture and External Affairs  Smt. Meenakashi Lekhi were also present during the briefing.

Briefing the media, Union Minister of Culture, Tourism and DoNER, G. Kishan Reddy said , “ In 2019 these items were auctioned for people by open bidding. That time 1805 gifts were put on auction in the first round, and in second round 2772 gift items were put on auction. In 2021, also e-auction was organised in September and we had  1348 items on auction. This year approximately 1200 mementos and gift items have been   put on e-auction. The display of the mementos have been done at the National Gallery of Modern Art, New Delhi. These items can also be viewed on the website”.

Giving more details, the Union Minister said, “ Mementos in the auction include exquisite paintings, sculptures, handicrafts and folk artefacts. Several of these are items customarily offered as gifts, such as traditional angavastrams, shawls, headgears, ceremonial swords. Other memorabilia of interest include replicas and models of the Shri Ram Mandir at Ayodhya and the Kashi-Vishwanath Temple in Varanasi. We also have an exciting section of sports memorabilia”. Union Minister said that team India’s stellar performance at the Commonwealth Games 2022, the Deaflympics 2022 and Thomas Cup Championship 2022 earned us a place in history and a rich haul of medals. On auction are the memorabilia presented by the teams and winners of the sporting events. There are 25 new sports memorabilia in this edition of auction, the minister disclosed.

Union Minister G.K Reddy added, “Narendra Modi is the first ever Prime Minister of India, who has decided to auction all the gifts he receives for a noble cause of conserving the lifeline of the country- the river Ganges through Namami Gange. I urge everyone to participate in the auction liberally and contribute towards the noble mission”.

On the occasion, Arjun Ram Meghwal said, “In the last auction people from every state and origin participated in the auction actively”. The minister also urged people this year to participate in the auction of prestigious and memorable gifts presented to Prime Minister Shri Narendra Modi.

Meenakashi Lekhi highlighted the significance of various momentos presented to the Prime Minister and how the e-auction offers an exceptional occasion to the people to contribute to Namami Gange.

To make the visit even more enjoyable, guided tours in general and guided tours in sign language for the hearing impaired have been arranged. Catalogues in braille will also be made available for the visually challenged. The display area will be open to the public from 17th September to 2nd October and is free for all. The funds raised through the auction will contribute to a worthy cause, the Namami Gange Programme, the flagship project that seeks to conserve and rejuvenate our National River, Ganga.

General public can participate in the e-auction by logging on / registering on this link-

https://pmmementos.gov.in

Infants, young children finally get relief from eczema’s terrible itch, scratching

· More than half of children treated had at least a 75% reduction in signs of eczema and itch
· Kids sleep through night for first time instead of scratching
· Parents see children’s personalities change as they are able to lead a normal life.

Eczema, also known as atopic dermatitis, is a chronic inflammatory skin disorder characterized by red, dry, often oozing skin and itch that can profoundly affect the lives of affected patients and their families.

An estimated 19% or more of all children under 6 years of age have eczema and 85 to 90% of individuals affected overall with eczema have the onset of disease during the first five years of life.

The children’s debilitating itch leads to sleep disturbance, poor neurocognitive development and, on average, a full night of sleep lost per week.

CHICAGO — The first study to treat moderate-to-severe eczema in infants and children 6 months to 5 years old with a biologic drug (monoclonal antibody) rather than immune-suppressing medications shows the drug was highly effective in reducing the signs and symptoms of moderate-to-severe eczema, report researchers involved in a new multi-site international phase III study led by Northwestern Medicine.

A 16-week course of dupilumab, a medication that targets a key immune pathway in allergies, resulted in more than half the children having at least a 75% reduction in signs of eczema and highly significant reductions in itch with improved sleep.

This is the first large-scale, randomized, placebo-controlled trial of a monoclonal antibody in any skin disease, including eczema, in children as young as 6 months. The study, which included 31 sites in Europe and North America, will be published Sept. 15 in The Lancet.

“Preschoolers who are constantly scratching, awake multiple times a night with their parents, irritable and markedly curtailed in their ability to do what other children their ages can do improved to the extent that they sleep through the night, change their personalities and have a normal life — as babies and children should,” said lead study author Dr. Amy Paller, chair of dermatology at Northwestern University Feinberg School of Medicine and an attending physician at Ann & Robert H. Lurie Children’s Hospital of Chicago.

“The ability to take this drug will significantly improve the quality of life for infants and young children who suffer tremendously with this disease,” Paller said. “Atopic dermatitis or eczema is so much more than just itchy skin. It is a devastating disease. The quality of life of severe eczema — not only for the child but also parents — is equivalent to many life-threatening diseases.”

As a result of this study, this medication is now available to infants and preschoolers as young as 6 months of age. It has “an outstanding safety profile” and does not even require any laboratory tests before starting the medication, Paller said.

Although one-half to two-thirds of young children with eczema have mild symptoms, which can be handled with steroid ointment and moisturizers, the other one-third or more have moderate-to-severe disease and require more aggressive management.

“Up to now, all we have had to treat more severe eczema is immune-suppressing medications, such as oral steroids, which we try to avoid in children, because they are associated with so many side effects and thus are not a preferred treatment for a chronic skin disease,” Paller said. “The potential long-term impact on the development of the immune system in young children is also of concern with these immunosuppressants.”

During the past few years, a new medication has become available called dupilumab, which is the first “biologic” drug to treat eczema in a targeted manner, meaning a narrow attack on just what scientists have found is causing the manifestations of the disease in skin. This medication was found to be effective and safe in studies with adults, then adolescents, then other school-aged children. 

“But the group in whom we worry the most about safety — those under 5 — had not been tested and were unable to get this medication,” Paller said.

The parent or a health care provider gives the child a monthly shot to administer the medication.

“The effect for most of these younger children is dramatic and at least as good as we’ve seen with the risky immunosuppressant medications,” Paller said.

Potential added benefit by treating associated allergies

This medication has also been shown to be effective for treating asthma, gastrointestinal manifestations of allergy and other allergy-mediated problems but is not yet approved for these indications in infants and young children.

In fact, 66% of children in this trial had developed their eczema during the first six months of life and, by the time of initiating the dupilumab, more than 80% had already developed at least one allergic disorder, such as asthma or food allergy.

“By treating more aggressively to calm the immune system activation in these young children with early, severe eczema, we may also reduce the risk of their developing a range of allergic problems, changing their life beyond improving eczema,” Paller said. “These associated allergic issues most often begin after the eczema starts.”

Children were randomized to receive either a placebo injection or the dupilumab (weight-based dosing) every four weeks for 16 weeks. Only children who were not responding adequately to topical medications were allowed to enroll, and they had to be of a high severity, even with the topical medications.

As a result of the study, Paller said, scientists and physicians can start to better understand the relationships between eczema and a variety of allergic disorders and can consider the possibility of using this medication for other disorders that affect these very young children.

The trial was sponsored by Regeneron Pharmaceuticals, Inc. and Sanofi, who jointly developed dupilumab.

How songbirds’ striking, unique colors put them at risk [Details]

Bright, uniquely colored songbirds are at higher risk of extinction and more likely to be traded as pets, according to researchers reporting in Current Biology on September 15. The researchers also predict that almost 500 additional bird species, most of them living in the tropics, are at risk of future trade based on their unique and desirable coloration.

“Aesthetic value is an important part of how people value nature,” said Rebecca Senior (@RebeccaASenior) of Durham University, U.K. “However, there is potential for conflict when what motivates some people to protect certain species is the same thing that makes other people want to own them. Songbirds are highly sought after in the pet trade, particularly for their beautiful songs. However, songbirds can also be remarkably colorful—a highly desirable trait in other commonly traded species, such as parrots.

In their new study, Senior and colleagues including Brett Scheffers (@BrettScheffers) of University of Florida, Gainesville explored the antagonistic roles of aesthetic value in biodiversity conservation. They used novel metrics of color to evaluate the aesthetics of groups of birds, across the world and the avian tree of life.

Common hill myna (Gracula-religiosa); Least Concern; color uniqueness score of 66.9/Rick Stanley and Gabby Salazar

Their analysis shows that the tropics are the epicenter of bird color, with 91% and 65% of the world’s most diverse and uniquely colored assemblages of songbirds, respectively. They report that the pet trade, which affects 30% of all bird species, targets clusters of related and uniquely colored birds. They went on to identify 478 species of birds that may be at risk of future trade based on their appealing colors.

“We were surprised to see the strength of the latitudinal gradient in color; even when you account for the greater number of species in the tropics, the diversity of color in the tropics dwarfs all other regions,” Senior said.

While one might expect brilliant blues, oranges, and yellows to put species at risk, the researchers were also surprised to discover that pure white is a unique color found in many sought-after species, such as the endangered Bali myna. The findings overall highlight that the same color features that make some people willing to travel around the world for a mere glimpse of a bird through binoculars also potentially puts them at risk for pet trading. The findings have important implications for conservation.

Kuno national park

“Understanding what motivates trade is essential to identify at-risk species potentially requiring more proactive protection from trapping,” Senior said. “Trade has the capacity to be regulated and managed sustainably with a better understanding of what is traded as well as where and why trade occurs. Loss of colorful species also directly erodes aesthetic value, which is problematic because, for better or worse, it is this value that often fundamentally motivates and funds conservation efforts.”

In future studies, they hope to disentangle even more factors that play into regional variation in patterns of trade among birds. They’d also like to explore the role of color in the trade of other groups of animals and plants.

Sasikala on comeback path, confident to lead AIADMK at appropriate time

Ousted interim general secretary of the AIADMK, V.K. Sasikala said that she was on a comeback path and will lead the party at an appropriate time. She also said that she and O. Panneerselvam were together and that she would soon visit the party headquarters in Chennai.

Sasikala in a statement on Friday said that the AIADMK would win all the Lok Sabha seats from Tamil Nadu in the 2024 general elections. The estranged leader said that the majority of the party cadres are with her and O. Panneerselvam and that she would soon be at the helm of affairs in the party.

The former aide of late Chief Minister, J. Jayalalithaa who was one of the most powerful figures in the AIADMK, said that the Chief Minister M.K. Stalin does not have any time for governance and was busy in photo shoots.

The former interim general secretary of the AIADMK said that the party cadres are for a change in the AIADMK and said that several leaders and cadres have approached her.

The powerful Thevar community, which has been a traditional support base for the AIADMK in South India, has been trying to bridge the gap between Sasikala and O. Panneerselvam who both are from the community. With O. Panneerselvam being targeted in the AIADMK, the Thevar community has been taking initiatives for an alliance between the two powerful Thevar leaders.

Gautam Adani Becomes World’s Second Richest Person: Forbes List

Indian billionaire Gautam Adani has now become the world’s second richest man, replacing Bernard Arnault on the Forbes list with a net worth of $155.5 billion.

The revised Forbes Real Time Billionaires List says Adani’s net worth rose by $5.2 billion, or by 3.49 per cent and slidly ahead of French tycoon Bernard Arnault and Amazon founder Jeff Bezos. Tesla founder Elon Musk continues to occupy the top position in the rich list.

Adani

In the top 10 list, Reliance Industries chairman Mukesh Ambani is the second Indian with a net worth of $92.2 billion, while other billionaires in the top ten list include Bill Gates, Larry Ellison, Warren Buffett, Larry Page and Sergey Brin.

On August 30, Adani had surpassed Louis Vitton boss Arnault to become the world’s third richest man, becoming the first Asian to be ranked among the top three billionaires.

The Adani Group consists of shipping ports, airports, kitchen, food essentials, oil among others.

 

‘Worst is over’, says Byju Raveendran after FY22 results

New Delhi, Sep 16 (IANS) After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres. According to him, “the worst is finally over” and there is only “growth ahead” as seen in the company’s FY22 financial results.

The edtech company with nearly $22 billion valuation went through an ordeal as it delayed the audited FY21 financial reports for nearly 18 months, inviting government scrutiny and serious questions from the public.

The FY21 report is out, with massive losses to the tune of Rs 4,500 crore, while BYJU’s needs to pay the rest of the acquisition amount (about Rs 2,000 crore) to global VC firm Blackstore in the $950 million Aakash acquisition by September 23.

Raveendran told IANS that he is not worried at all about paying the rest of the acquisition money as the core education business is doing excellent and the company has a healthy cash reserve of more than $1 billion.

“The losses that you see in FY21 is because 40 per cent of the revenue got deferred on account of two things: revenue recognition change because of streaming revenue getting recognised over the period of consumption of the product,” Raveendran explained in a free-wheeling interview.

He said that the other reason for the audit delay was that EMI or credit sales were getting recognised after the complete significant collection was done.

“There are the main reasons for audit delay, apart from the initial reasons like Covid and then the complexity of our business moving from a single product, single geography offering to multi-product, multi subsidiary offering across the world,” emphasised Raveendran, adding that while the revenue got pushed out, the cost expenses during the financial year did not.

In 2007, he founded the test preparation business Byju’s Classes, and in 2011 Raveendran founded BYJU’s with his wife, Divya Gokulnath.

Last year, he went on an acquisition spree. The edtech unicorn made at least 10 acquisitions for a cumulative transaction value of about $2.5 billion — including Delhi-based offline test preparatory services provider Aakash for $950 million.

Raveendran said that loss-making acquisitions like WhiteHat Jr, the beleaguered coding platform BYJU’s acquired for $300 million, are now being consolidated.

“WhiteHat Jr is underperforming as it has a very high marketing cost attached to it. This is one of the businesses where we are seeing Covid pull-back. We have the structural challenges as it has an inefficient cost structure,” he told IANS.

Raveendran said that they don’t have the product challenge with WhiteHat Jr as they added Maths with coding on the platform.

The edtech major clocked gross revenues of nearly Rs 10,000 crore in FY22, leaving its investors happy and Raveendran, a relieved man.

“From here on, we will double down on growth as our core business is booming. Both Aakash Institute and Great Learning are doing excellent and have doubled their revenues,” Raveendran stressed.

In June, BYJU cut at least 600 jobs — asking 300 employees at its Toppr learning platform and another 300 at coding platform WhiteHat Jr to go.

On any future job cuts, Raveendran said that apart from getting rid of few redundant roles and some functions becoming optimised, BYJU’s is actually hiring more people while absorbing the right mix of workers into other products.

“We today have 50,000-plus employees, that’s up from 20,000-plus 18 months back. The total number of employees in the ecosystem is growing. Several new functions and initiatives have been created where we are hiring a lot of teachers, because of the hybrid learning centres like Akash which are really growing well,” the BYJU’s CEO told IANS.

He said BYJU’s is hiring at least 1,000 employees on a month-to-month basis, even more.

Raveendran is confident that the remaining amount in the Aakash deal will reach Blackstone soon, as he charts a new course for BYJU’s in months to come, as the next big funding raise is in the offing.

Ministry changes threshold paid-up capital for small companies to Rs. 4 Cr, turnover to Rs. 40 Cr

New Delhi, Sep 16 (IANS) Aiming to facilitate the ease of doing business and reduce compliance burden on small companies, the Ministry of Corporate Affairs has revised the threshold for paid up capital for such companies.

The government has taken several measures in the recent past towards ease of doing business and ease of living for the corporations. These included decriminalisation of various provisions of the Companies Act, 2013 & the LLP Act, 2008, extending fast track mergers to startups, incentivising incorporation of One Person Companies (OPCs), etc.

Earlier, definition of small companies under the Companies Act, 2013 was revised by increasing their thresholds for paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” and turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore”.

This definition has, now, been further revised by increasing such thresholds for paid up Capital from “not exceeding Rs 2 crore” to “not exceeding Rs 4 crore” and turnover from “not exceeding Rs 20 crore” to “not exceeding Rs 40 crore”.

Small companies represent the entrepreneurial aspirations and innovation capabilities of lakhs of citizens and contribute to the growth and employment in a significant manner.

The ministry said that the government has always been committed to taking measures which create a more conducive business environment for law-abiding companies, including reduction of compliance burden on such companies.

Some of the benefits of reduction in compliance burden as a result of the revised definition for small companies include ‘No need to prepare cash flow statement as part of financial statement’, ‘Advantage of preparing and filing an Abridged Annual Return’, ‘Mandatory rotation of auditor not required’ and ‘An Auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor’s report.

The benefits also include holding of only two board meetings in a year, annual return of the company can be signed by the company secretary, or where there is no company secretary, by a director of the company and lesser penalties for small companies.

Travel: Majestic train journey across South India

New Delhi, Sep 16 (IANSlife) A train journey is perfect for anyone looking for a fascinating way to experience southern India. Such trips make a wonderful way to get closer to the rich culture and heritage. Although trains are usually associated with cities, Sripad Vaidya, Co-founder & COO, Confirmtkt handpicked five destinations with wide-reaching scenic beauty that one can marvel at when travelling by train.

Kollam – Sengottai

The train journey from Kollam to Sengottai will be a fulfilling experience for travellers who like to explore offbeat places. The railway line connects the states of Kerala and Tamil Nadu through these two junction points. Passengers witness several lush green forests, clean & swiftly flowing rivers, and hills throughout the ride. Along the way, they pass a heritage bridge and a national highway built above and below the tracks. Train journey ensures travellers get to see Kerala’s natural beauty, making it the most picturesque trip ever.

Ooty to Coonoor

People who want to enjoy train travelling near the hilly areas of the south must not miss Ooty to Coonoor train journey. Both of these destinations are popular among visitors for their picture-perfect scenic beauty.

These two hill stations are located in Tamil Nadu and are connected via a special toy train. The tracks connecting Ooty to Coonoor are part of Nilgiri Mountain railways, which have been honoured by UNESCO due to their impeccable uniqueness and raw beauty. The best part of the train journey is it takes passengers through the tea plantations of Ooty and mountains covered with greenery.

Chennai to Rameshwaram

This train journey is one-of-a-kind in its own way. Aside from giving a nature trip, it also takes people through a mythological journey. The railway connecting Chennai to Rameshwaram runs over Pamban Bridge, famous as India’s first bridge. Natives believe that Pamban Bridge was built by Lord Rama while searching for Goddess Sita, who Ravana abducted. The bridge links the Mandapam region in India with Rameswaram and Pamban Island. Though the rail ride is only 2.2 Km long, its surroundings and religious background make it one of the best life experiences.

Kanyakumari to Trivandrum

The train ride between these two destinations in south India is like a slideshow of the rich plantation practices of the country. In this two-hour-long train journey, travellers pass through many luxuriant plantations of green tea, coconut groves and farms of a variety of spices. Take the train ride via Island Express; it covers the natural splendours of the path and gives the opportunity to experience the local life of the south up close.

Best train services for South Indian trips:

Aside from regular railway expresses, one can sweeten their journey to the south by booking a ride with some renowned train services. These are:

  • Golden Chariot
  •  Golden Chariot Southern Splendour
  •  Maharajas’ Express Southern Jewels
  •  Maharajas’ Express Southern Sojourn
  •  Deccan Odyssey Jewels of Deccan.

These trains put the luxury of the passenger as their top priority. The trip package offers private and comfortable accommodation, porterage services, an onboard butler, meals, drinks and snacks free of cost. Travellers also enjoy off-train excursions, WiFi, and even a lounge and bar are part of these luxurious trains’ facilities.

On some routes, guests can smell the spicy aromas of India and see the mystical waterfalls, lush plantations, and wildlife. Once on the journey, one will truly feel like they have discovered an entirely new continent. Hence, it’s time to experience the splendour of south India’s train journeys yourself rather than searching for them on the internet.

 

FTC to tame gig economy firms in US

Washington, Sep 16 (IANS) The Lina Khan-led Federal Trade Commission (FTC) in the US has announced a new policy to tame gig economy companies and platforms in order to protect all kinds of delivery partners/online cab drivers from unfair contracts, pay and hours.

The FTC approved a new policy by a 3-2 vote, saying that “protecting these workers from unfair, deceptive, and anticompetitive practices is a priority, and the Federal Trade Commission will use its full authority to do so”.

It will continue to “capitalise on its broad jurisdiction and interdisciplinary expertise to combat unlawful practices that harm gig workers”.

Over the last two years, groups like the Gig Workers Collective are addressing the concerns of delivery partners for companies like DoorDash and Instacart.

But the groups have struggled to make significant industry changes without the legal protections of a conventional union, reports The Verge.

The rapid growth of the gig economy is made possible by the contributions of drivers, shoppers, cleaners, care workers, designers, freelancers, and other workers.

Gig workers are paid in different ways, including weekly, in “batches” after completing multiple gigs, or immediately upon completing a gig (for a fee).

“Many workers are heavily dependent on customer tips. Gig companies may generate revenue from multiple sources, including a ‘take rate’ (a percentage of customer payments for workers’ services), customer fees, and commissions charged to merchants,” said the FTC.

Meanwhile, gig companies tightly prescribe and control their workers’ tasks in ways “that run counter to the promise of independence and an alternative to traditional jobs”.

At the same time, gig companies may use non-transparent algorithms to capture more revenue from customer payments for workers’ services than customers or workers understand.

“This dynamic calls for scrutiny of promises gig platforms make, or information they fail to disclose, about the financial proposition of gig work,” said the FTC.

Behind the scenes, ever-changing algorithms may dictate core aspects of workers’ relationship with a given company’s platform, leaving them with an invisible, inscrutable boss.

“Workers have little leverage to demand transparency from gig companies,” the FTC added.

Mark Boucher appointed Mumbai Indians’ head coach

Mumbai, Sep 16 (IANS) The most successful team in IPL, Mumbai Indians have appointed former South African wicketkeeper-batter Mark Boucher as their head coach for the 2023 season.

Boucher had recently decided to leave his role as head coach of South Africa men’s team after the T20 World Cup 2022 in Australia next month.

Mumbai Indians, the winners of five IPL trophies, said in a statement on Friday that, “Mark Boucher has had a long and illustrious career as a wicket-keeper, batsman and holds the record for the most Test dismissals by a wicket-keeper. Post-retirement he took over as coach for Titans, a top-level cricket franchise in South Africa, and led them to five domestic titles. In 2019, Cricket South Africa appointed Mark Boucher as the head coach where he crafted 11 Test wins, 12 in ODIs and 23 T20I victories.”

“It’s a pleasure to welcome Mark Boucher to Mumbai Indians. With his proven expertise on the field and off it as a coach guiding his team to numerous victories, Mark will add immense value to MI and take forward its legacy,” said Akash. M. Ambani, Chairman, Reliance Jio Infocomm.

“It is an honour and privilege to be appointed as Head Coach of MI. Their history and achievements as a franchise clearly put them up there as one of the most successful sporting franchises in all of world sport. I look forward to the challenge and respect the need for results. It’s a strong unit with great leadership and players. I look forward to adding value to this dynamic unit,” said Boucher.

Under Boucher, the Proteas are currently No. 2 on the ICC World Test Championship table. His last series at the helm will be a white-ball tour of India from September 28 to October 11 before heading to the T20 World Cup in Australia, where South Africa are grouped alongside Bangladesh, India and Pakistan. The tournament will run from October 16 to November 13.

Recently, Mumbai Indians had announced that head coach Mahela Jayawardene and director of cricket operations Zaheer Khan were being elevated to new roles as part of the franchise’s central team for its growing global cricket footprint.

Jayawardene, the former Sri Lanka skipper who became the head coach of the franchise in 2017 and under whom MI won three IPL titles, has been appointed as the Global Head of Performance. Zaheer, ex-India left-arm pacer, who joined the side as Director of Cricket Operations in 2018, has been appointed as Global Head of Cricket Development.

Tencent fires entire editorial staff of its Fanbyte publication

Hong Kong, Sep 16 (IANS) Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it.

Some of the staff members at Fanbyte posted their ordeal on Twitter, saying the website’s editor-in-chief, head of media, features editor, social editor, news editor, graphic designer, podcast producer and authors were sacked.

“Fanbyte employees were laid off slowly, one by one, over the course of several hours,” reports TechCrunch.

The Fanbyte Instagram bio with a display name ‘forgot the keys?’ read: “Tencent made $35 billion in net income last year and laid off almost every member of child company Fanbyte! Please support the staff elsewhere”.

A Fanbyte employee Merritt K tweeted on Friday: “I see a lot of empathy going out to everyone who was fired today but let’s please also spare some thought for the people who had to fire everyone one by one over the course of countless hours, drawing out the delicious psychological torture.”

Tencent did not make an official comment on the development.

Last month, Tencent fired 5,500 employees, after posting a revenue of $19.8 billion in the June quarter, down 3 per cent which was the first decline since going public.

Tencent downsized its workforce for the first time since 2014.

The company attributed the weak performance to “fewer big game releases, lower user spending, and the implementation of minor protection measures”.

 

Justin Beiber’s India tour cancelled, health reason cited

New Delhi, Sep 16 (IANS) Pop singer Justin Beiber, who was supposed to pay a visit to India for his tour in October in the capital, has cancelled the event due to his health issues.

The announcement comes after Bieber had pulled out of his ongoing world tour, citing exhaustion as he recovers from Ramsay Hunt syndrome.

A statement issued by the spokesperson of BookMyShow read: “We are extremely disappointed to share that the ‘Justin Bieber Justice World Tour – India’ scheduled for October 18, 2022 at Jawaharlal Nehru Stadium, New Delhi has been cancelled owing to the singer’s health concerns. We have just been informed that due to health concerns, he will unfortunately not be able to make it next month.

“Along with New Delhi in India, the artist has also cancelled other stops in the tour’s run-up to the India show including Chile, Argentina, Brazil, South Africa, Bahrain, UAE and Israel.”

The statement further read that BookMyShow has initiated all refunds for the tickets.

“While we are deeply disappointed that we will not be able to welcome Justin Bieber to India this year on account of his health concerns, we wish him well and hope he recovers at the earliest to be back for millions of his fans in India soon.

“While the cancellation of the ‘Justin Bieber Justice World Tour – India’ has been dependent on factors outside of our control, what is in our hands, is your experience as a BookMyShow consumer and the transparency you expect in the resolution to this situation.”

“To that end, BookMyShow has already initiated a full and complete refund of the ticket amount for all consumers who had purchased tickets for the show.”

Bieber was diagnosed with the Ramsay Hunt syndrome, which caused partial paralysis to his face, earlier this year.