Monday, 25 April 2016

From Tihar Jail to Pune, Kanhaiya Kumar manages to be the headline


JNU Students’ Union president Kanhaiya Kumar on Sunday alleged that a BJP supporter had tried to strangle him on a Mumbai-Pune Jet Airways flight. Following the incident, both of them were deplaned and the alleged attacker had been detained by the Mumbai Police.
Hours after the incident, questions about Kumar’s allegation surface, suggesting he was actually involved in a scuffle.
This is not the first time the student leader has been involved in controversies. Ever since his 6-month interimbail in the sedition case, Kumar has made headlines for several reasons. 

Business Standard takes a look at how Kumar has stayed in the headlines after his bail.
Campaigning for Assembly Elections for Left
After his speech at the JNU campus upon his release fromTihar Jail in March that caught the popular imagination, CPI (M) leader Sitaram Yechury had said that Kumar would be campaigning for the party in the ongoing assembly elections. This was later turned down by Kumar stating that he was a student and would like to move on to teaching and had no interest in mainstream politics.
2002 and 1984 riots are different
Kumar said recently that there was a fundamental difference between the riots of 2002, which took place in Gujarat and which happened in 1984. “There is difference between emergency and fascism. During emergency, goons of only one party were engaged into goondaism; in this (fascism) entire state machinery is resorting to goondaism,” he had said, leading to a huge debate over his views.
Critics pointed out that the Congress government had been accused of being complicit in the anti-Sikh pogrom that ravaged Delhi in the wake of then Prime Minister Indira Gandhi’s assassination by her Sikh bodyguards.
69% of people voted against Modi
During his speech at the JNU, Kumar said that 69% of voters had not chosen Modi as their leader. “I want to remind our government that 69% voted against you. Just 31% voted for you and some of them were caught up in your jumlas,” he said.
Visit to Hyderabad Central University campus
The JNUSU President visited the Hyderabad Central University (HCU) Campus to protest against Rohith Vemula’s suicide. He also met Vemula’s mother during his visit there. His visit to the campus had led to increased security and media being barred from entering it. Read More.

How Virat Kohli cracked the Rs 100-crore league


Virat Kohli is today, without doubt, India's premier human brand. And, that transformation, the meteoric rise, has taken place between Diwali (October 2015) and Holi (March 2016). Kohli's rankings were on the ascendant for the last three to four years, but he remained in the shadow of his captain and senior team mate, MS Dhoni. Besides sportsmen, typically lag the Bollywood troika of the Khans and Mr. Bachchan when it comes to celebrity rankings. But Kohli has managed to change all that.
The World Cup T-20 ignited Brand Virat Kohli. I studied the brand's evolution on 64 parameters and found that the rise in valuations is quite unprecedented. I have been tracking personality brands for well over a decade and such a major metamorphosis in a brand's attribute wheel, that too in such a short period, has rarely been observed. One reason is, of course, the phenomenal exposure that live television provides today. As a result after the T-20 matches, Virat's explosive batting and soaring sixes - not to forget his nimble running between the wickets - were seared into public memory.
When I finished one round of field studies in October-November last year, over a sample of over 2,500 respondents across five cities, Kohli was not in the position he is today. I then ran a purposive sample just after the World Cup T-20. In the interim six months, he had zoomed to the top, leaving Salman Khan who was top-of-the-pops in the last round way behind.
What makes Virat so special? When we look at his brand map, we find that his scores have zoomed on parameters labelled tough, dynamic, innovative and reliable. Kohli is regarded as progressive and contemporary, but most importantly, he is rated very high on being distinctive, stylish and prestigious. On most of these attributes his scores have doubled in a mere six months; that too across gender, demographics and geographies.
Judging by these responses, there is obviously more to Brand Virat than just his cricket. The fact that he is no longer seen to be arrogant (as he was perceived in his early years) is interesting. He is believed, on the contrary, to be very approachable and straight-forward, which means that his behaviour, on-field and off-the-field, is being closely watched by millions of his fans. His flying a kiss off his bat to then lady love Anushka; his bowing to icon Sachin Tendulkar in the pavilion on achieving a batting milestone; his appeal to everyone on social media to not troll his 'ex' - these actions seem to have endeared him to many. And for brand managers all around the world, these are all indicators of the making of a brand that transcends mere power drives and lofted maximums.Read More.

West Bengal assembly polls: Around 22% voter turnout recorded in first two hours


Nearly 22% turnout was recorded in the first two hours after polling began in 49 constituencies spread over two districts - Howrah and North 24 Parganas - bordering Kolkata in phase four of the West Bengal assembly elections on Monday.
"Till 9.00 a.m, 21.87% turnout was recorded, with 22.63% in North 24 Parganas and 20.34% in Howrah," said an Election Commission (EC) official.
Read more from our special coverage on "WEST BENGAL ASSEMBLY POLLS"
  • West Bengal assembly polls: Fourth phase of voting begins today
  • Congress, CPI(M) will realise mistake of forging alliance: Mamata Banerjee
  • Rahul Gandhi attacks Mamata Banerjee, Modi; seeks vote for Cong-CPI(M) in Bengal
  • Bengal assembly polls: CPI(M) not to succumb to politics of terror, says Sitaram Yechury
  • West Bengal Assembly polls: Mamata Banerjee responds to EC show-cause notice
While the EC claimed the polls to be peaceful so far, the BJP and the Congress alleged false voting in some of the booths.
BJP's Roopa Ganguly contesting from Howrah North alleged false voting in one of the booths and also faced angry protests from alleged Trinamool Congress activists.
Her rival from the Trinamool Congress, retired international cricketer Laxmi Ratan Shukla, denied the charges and claimed polling was peaceful in the constituency.
North 24 Parganas, a part of which falls under the world's largest mangrove forests - the Sundarbans - has 33 constituencies. The remaining 16 are in Howrah.
Over 1.08 crore (1,08,16,942) voters across 12,481 polling stations, including 27 auxiliary booths, are eligible to decide the fate of 345 candidates - 40 of them female - between 7.00 a.m and 6.00 p.m.
The Election Commission has used 14,353 electronic voting machines (EVM) and 680 Voter Verified Paper Audit Trail (VVPAT).
A total of 672 companies of central forces and 23,000 state police personnel have been deployed, in addition to other measures, to ensure free and fair polls in the two districts, considered volatile in view of their history of political clashes and poll-related disturbances in past Elections.
In the Sundarbans region, equipped with ham radio operations to solar lights, officials have gone the extra mile to ensure the electorate gets a chance to exercise their voting rights.
In the 2011 assembly polls, the Trinamool Congress - then an ally of the Congress - had bagged 43 of the 49 seats. The Congress had got two, the Left Front spearhead Communist Party of India-Marxist three and the Communist Party of India one.
The Trinamool Congress and the Bharatiya Janata Party are in fray in all the constituencies. The Left Front constituents and the Congress are contesting 46 seats, leaving one seat to Janata Dal-United, besides backing two independents.Read more about Assembly Elections in 2016.

Friday, 22 April 2016

Cornered Vijay Mallya offers Rs 1590 cr as intent to pay debt

Vijay Mallya, the Indian liquor baron battling creditors seeking to recover dues, offered to deposit Rs 1,590 crore ($240 million) with India's top court to establish his intent to settle with lenders who had rejected an earlier payment proposal.
Lawyers representing the founder of the collapsed Kingfisher Airlines Ltd, who the government says left the country earlier this year, filed an affidavit in the Supreme Court on Thursday in response to a directive to declare all his assets. The debt owed by the failed carrier is at the centre of India's drive to crack down on defaulters and clean up the balance sheets of its banks weighed down by soured loans.
Mallya also told the court that overseas assets are not considered while granting loans, and sought permission to file information of his assets in a sealed cover on June 26.
He also said banks had no right to any of this information as they were not involved in overseas assets recast. He further added that he can make an additional payment of Rs 1,398 crore withheld by the Karnataka High Court.
Reiterating his earlier position, Mallya told the court he isn't a "wilful defaulter" and the airline was "genuine commercial failure."
He was making all efforts to work out a settlement "in all sincerity" by offering to pay "to the extent possible and feasible" until the government suspended his passport and a court in Mumbai issued a non-bailable warrant against him, he said in the filing.
India's foreign ministry, acting on an application by the Enforcement Directorate, said April 15 that Mallya had a week to respond to why his diplomatic passport shouldn't be impounded or revoked, after suspending it for four weeks. The government says Mallya and Kingfisher owed as much as 90.9 billion rupees ($1.37 billion) as of November 30.
Meanwhile, armed with a non-bailable arrest warrant against him, the Enforcement Directorate has approached the External Affairs Ministry seeking initiation of deportation proceedings against Mallya in connection with its money laundering probe against him in the Rs 900 crore IDBI alleged loan fraud case.
The agency has written to the ministry of external affairs and will also soon write to the Central Bureau of Investigation to get an Interpol Red Corner Notice issued against Mallya to get him arrested, based on the warrant issued by a Mumbai court.
Last week, MEA had suspended Mallya's diplomatic passport and has sought a reply from him as to why his passport should not be revoked.
Sources said once the deportation proceedings are initiated, MEA will seek assistance of its counterparts in the United Kingdom to interdict Mallya and fly him back to India.
"The grounds for deportation are primarily two. A non-bailable warrant issued by the Mumbai court and suspension of the passport of the businessman," they said.
Mallya is understood to be in the UK after he left India on March 2.
A Hyderabad court had on Wednesday convicted Mallya in a cheque-bouncing case filed against him by GMR Hyderabad International Airport.
With the latest request for deportation, the ED has virtually deployed all legal measures in place to bring back Vijay Mallya to India and make him join investigations "in person", which the agency had stated in a Mumbai court was essential to take the probe forward in the case.
The 60-year-old industrialist has skipped three summons issued by ED in this regard in the past. He had also sought time till May to depose before agency investigators.
ED has registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI.
The agency is not only investigating the financial structure of the now defunct Kingfisher Airlines but also looking into any payment of kickbacks to secure loans from IDBI and probing laundering of funds to overseas destinations by the group.
The agency had alleged that Mallya had siphoned off Rs 430 crore of the IDBI loan and used this money to acquire properties abroad, a charge denied by Kingfisher.

Thursday, 21 April 2016

Honda Cars hopes BR-V will help clock double-digit growth in FY17

Japanese automobile major Honda is optimistic of achieving double-digit growth in the current financial year. It is betting big on the BR-V, a compact SUV which would hit the roads in May. The company, which reported two per cent growth in 2015-16, is hoping to increase its footprint with this launch.
The strategy includes expanding its product portfolio and increasing sales points. It is planning to invest Rs 380 crore, to increase capacity in anticipation of higher demand. To support the BR-V, it plans to increase the capacity of its Rajasthan plant to 180,000 units. It also has a plant at Greater Noida with a capacity of 120,000 units. After the expansion at Rajasthan, its total capacity would increase to 300,000 units per annum.
“With the current network, we have covered almost all the market. The environment is challenging and the industry is under pressure, which is why we could grow only by two per cent.” said Jnaneswar Singh, vice-president, sales and marketing, Honda Cars India.
Last year, the growth was driven by compact SUVs, premium hatchbacks and entry sedan segments. The trend is expected to continue. To cater to the premium hatchback segment, Honda has launched the Jazz and for the company SUV segment it would launch the new SUV. The selling quotient for the latter would be style, premium interiors, three rows with seven seats — which the company claims is a first time in the segment, pricing and quality. This is the kind of vehicle in which people can go anywhere, added Sen.Read More

Problems related to IPL affect the franchises: Preity Zinta

Kings XI Punjab co-owner Preity Zinta feels that every year problems related to the Indian Premier League “do affect” the franchise as a brand and its business as the cash-rich league has become some sort of a “whipping boy”.
“Yes, it does affect the brand and it is unfair to the owners. It affects our business as every year there is some controversy or some rumours that come up. I believe at one level IPL has become a whipping boy for many,”  Preity Zinta told PTI during an interaction on the issue of Maharashtra drought that led to shifting of 13 matches. It must be noted that in 2013, IPL was rocked by spot-fixing scandal due to alleged involvement of three Rajasthan Royals cricketer including former India international turned politician S Sreesanth.
Read more from our special coverage on "IPL"
  • Bombay HC allows BCCI to hold May 1 IPL match in Pune
  • Happy, united, young goes the IPL chant
  • Branding googlies for late entrants
  • Pune picks Vizag as home pitch, Mumbai to decide on Sunday
  • Sixers and fixers
In 2014, IPL’s first half was held in United Arab Emirates due to the general elections in the country suspended for two years for their involvement in spot-fixing scandal. The well-known Bollywood actress feels that it has been unfair as IPL has not only provided a platform for the emerging talent, but also created a window for franchise-based leagues in other sports in the country.
"Thanks to the IPL, we now have a Kabaddi League, the ISL, the Badminton League, the Hockey league (HIL)." While she made it clear that she has complete faith in the judiciary, Zinta questioned those who have filed PIL regarding usage of water to maintain stadiums in drought-hit Maharashtra."I have complete respect for the judiciary. But I have a question as to what all those people who have filed PIL done to resolve this crisis in Maharashtra. Let me tell you that I have worked extensively in a Maharashtra village for the well-being of elderly people, “ said Zinta. Read More.

Tuesday, 19 April 2016

LG K7: Offers nothing special

The K7 is designed well. LG calls it a glossy pebble design. The main feature of the design is the lack of buttons on the sides



LG launched the K7, along with the K10, last week. This is the company's first big launch in the sub-Rs 10,000 segment this year.

The K7 is designed well. LG calls it a glossy pebble design. The main feature of the design is the lack of buttons on the sides. The clutter-free design will impress anyone who wants a looker. The power button is on the plastic back, close to the camera and flash. The volume buttons flank the power button. The body is curved and it is easy to carry around.

The LG K7 sports a 5-inch display. Its touch interface is smooth and there is no lag. But, the phone's screen makes it difficult for practical use. In direct sunlight, one can read emails only if the brightness is set to 100 per cent; this might be fine in itself but is not on a par with its competitors.

While the display is slightly curved due to LG's Arc glass and is pleasing to the eyes, its resolution of 854x480 pixels is old technology. It is difficult to grasp why LG went in for such an average display. See more features about LG K7.