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New Delhi LS seat won by woman candidate after 54 years - 5/18/2014

Indian Express

The New Delhi Lok Sabha seat has been bagged by a woman candidate after a gap of 54 years.

In the just-concluded elections for the 16th Lok Sabha, BJP leader Meenakshi Lekhi defeated sitting MP and Congress heavyweight Ajay Maken from New Delhi seat by a huge margin.

Lawyer-turned-politician Lekhi, is the second woman to have gained victory on this seat after freedom fighter and former Uttar Pradesh Chief Minister Sucheta Kriplani.

Kriplani was elected to the Lok Sabha in 1952 and 1957 from the same constituency.


Former Prime Minister Atal Bihari Vajpayee had won from the New Delhi LS seat in 1977 on a Janata party ticket. He managed to retain the seat in 1980 but on a BJP ticket.

In 1984, KC Pant of the Congress was declared elected from New Delhi. In the next two subsequent elections (1989 and 1991), the seat was wrested from the Congress by BJP’s L K Advani.

In the subsequent by-election in 1992, cinestar Rajesh Khanna defeated Advani and bagged the seat on a Congress ticket. However, he lost to senior BJP leader Jagmohan in the 1996 elections who retained the seat in the next elections as well.

Jagmohan was defeated by Congress’ Ajay Maken who dominated the seat from 2004 to 2014 and was defeated by Meenakshi Lekhi this time.

Lekhi secured 4,53,350 votes, followed by AAP’s Ashish Khaitan finishing second with 2,90,642 votes and Congress’ Ajay Maken managing a mere 1,82,893 to end up third.


Narendra Modi's Win May Have Mixed Impact on IT Industry - 5/18/2014

NDTV

Narendra Modi-led BJP's strong performance in elections has been welcomed by India Inc., which has been rooting for a stable government to pull the country out of the current economic slowdown. However, for India's over $100 billion IT industry, Mr Modi's resounding victory brings mixed news.

The softness in domestic demand seen over the last year has impacted IT companies like Tata Consultancy Services - India's biggest outsourcer, even though revenue from India forms a small part of TCS' overall business.

TCS sales in North America, from where the company earns 53 per cent of its revenue, grew 28 per cent in 2013-14. India, which contributes just 6.7 per cent of overall sales, grew by a mere 12 per cent during the same period. In dollar terms, TCS sales in India fell (sequentially) in three of the last four quarters.

The decisive mandate for Mr Modi is likely to change things at home. Quick decision making and a turnaround in the economy under the new government will have a positive impact on the IT industry.

"We have got a historic mandate yesterday, a very decisive strong mandate, I'm extremely positive that things will pick up in India much sooner with these results," said N Chandrasekaran, CEO and managing director of TCS

On the flip side, days of large upsides in margins seem to be limited. Most IT companies, which reported rising profitability through the last fiscal, will be under pressure as the rupee gains strength. The currency hit an 11-month high of 58.63 per dollar on Friday, when results indicated a landslide victory for the BJP.

The rupee is expected to rise on the back of increased foreign inflows into various asset classes (stocks, bonds). Already, foreign investors have pumped in over Rs. 1 lakh crore in the domestic securities market since September 2013, when Mr Modi was announced as the BJP's prime ministerial candidate. Fast-tracking of reforms will also attract long-term FDI investments and push the rupee up

Like many other exporters, IT firms earn a major portion of revenues in dollars and a stronger rupee will hit margins.

In March, Adam Gilmour, Citigroup said Mr Modi's win would be a catalyst for a long-term advance in the rupee toward 40 to 45 per dollar, levels last seen in 2008.

While, such a sharp rise in the rupee is unlikely in the short term, IT companies will have to devise new processes to preserve their margins.


14-year old scores 404 in 35-over match - 5/18/2014

TOI 14-year old scores 404 in 35-over match

Port-of-Spain: There is a new name doing the rounds in West Indies junior cricket. Kirstan Kallicharan, playing for the Vishnu Boys Hindu College in a Secondary Schools Cricket League U-14 quarterfinal against Valencia High School, belted an unbeaten 404 in just 35 overs.

This remarkable achievement by Kallicharan helped Vishnu College amass against 548/1 against Valencia. It was a remarkable effort from Kallicharan as he smashed 44 fours and 31 sixes. Valencia, demoralized by this loss, were dismissed for 89 in the 24th over to lose by a massive 459 runs.

This effort has prompted Trinidad and Tobago Sports Minister Anil Roberts to say that they may have unearthed a new Brian Lara. Speaking to the Trinidad and Tobago Guardian, Roberts said, "It not only takes skill and physical strength to deliver such an amazing performance, but clearly this young "phenom" has a level of mental discipline that belies his age."

Roberts said, "This innings reminds me so much of the drive and discipline Brian Lara exhibited while he was at Fatima in the late 80's. I witnessed that first hand as a student and now as Minister, I see Kallicharan clearly signalling that he too, has the potential to become one of the sport's greatest batsmen."

One of Kallicharan's coaches, David Furlonge said that he has the love for the game and he just loves to play cricket. Speaking about the knock in the Trinidad and Tobago Express newspaper, Kallicharan said that it was just like any other game. "At the beginning I was just batting normal, just aiming to make a hundred but when I got to my century I realised I could score more and more and I just continued to bat."

Kallicharan's current coach, Tarandath Sammy, said that the knock was remarkable but he is cautious. He said, "Before the game, we were discussing the batting order and I asked him if he wanted to open the batting, but he said he wanted to give the other boys a chance."

This is not the first time that Kallicharan has broken records in school cricket. In the 2013 season of Trinidad and Tobago's Secondary School Cricket League (SSCL), Kallicharan smashed 194 for Vishnu College against Carapichaima East. His 194 included 26 fours and six sixes as Vishnu College won by 197 runs. Lara's score was 168 and it was a record for some time.

Sonia And Rahul Gandhi May Offer Resignations After Congress Rout: Sources - 5/17/2014

NDTV Congress president Sonia Gandhi and her son Rahul Gandhi may offer to resign, sources say, a day after they both accepted responsibility for the party's worst performance ever in the national election.

According to Congress party sources, they are likely to make the offer at a meeting on Monday of the Congress Working Committee, the party's top decision-making body, in a move that will largely be symbolic as party leaders are unlikely to accept it.

Sources say emotional speeches will set the tone for deep introspection on the Congress' spectacular rout. India's oldest party was reduced to double digits in Parliament and failed to win a single seat in 10 states, as a long and grueling campaign by Rahul Gandhi failed to stop the tide of public anger. (Narendra Modi wins India)

Yesterday, both leaders made brief statements to the media after their party's debacle.

"Congress has done pretty badly, a lot for us to think about. As vice-president, I hold myself responsible," said Mr Gandhi. (India Decides 2014: Full Coverage)

Sonia Gandhi spoke in Hindi and said, "The people's verdict is against us... As Congress president I take responsibility for the defeat." She congratulated the BJP on its massive win.

Narendra Modi's BJP has won 282 seats, enough to form the government on its own; with its allies it has 337 seats. (Five Factors that Helped BJP and Modi)

In contrast, the Congress, which ruled for two terms, is struggling to reach the one-fifth mark needed to have a Leader of Opposition in the Lok Sabha. In Uttar Pradesh, India's most politically vital state with 80 seats, the Congress won only two seats, those of Sonia and Rahul Gandhi. The BJP and its allies won 73 seats.

In his campaign, Mr Modi repeatedly attacked Sonia and Rahul Gandhi with references to "Maa-Beta sarkaar (mother-son government)", and contrasted his humble past as a tea seller with the 43-year-old Rahul's privileged upbringing.

'Miracle baby' survives 11-storey fall in US - 5/15/2014

GN


Washington: A 15-month-old US boy has survived an 11-storey fall from a balcony at his parents' apartment in Minneapolis, Minnesota, local media reported on Wednesday.

Musa Dayib has been nicknamed the miracle baby after escaping death despite slipping through the railing and making a perilous fall.

In addition to fractures to both his arms, his backbone and his ribs, Dayib also suffered a concussion and is breathing through a ventilator. In critical but stable condition, he is expected to survive.

The boy was apparently saved by his soft landing spot, on a mulched area.

If you and I fell that far, we would be dead,Tina Slusher said from the paediatric intensive care unit at Hennepin County Medical Centre, the Star Tribune reported.

He's a baby and...they tend to be more flexible and pliable than you and I would be. Having said that, it's a real gift from God that he made it because this is a huge fall.

The Tribune said the boy, from the large Somali American community of Minneapolis, fell from his family's balcony around 8pm on Sunday (0100 GMT Monday).

When people found out he survived, no one could believe it, said local community activist Abdirizak Bihi, who spent time at the hospital with the family on Monday.

The boy's uncle Abdirahim Ahmad told NBC television affiliate KARE he was worried about Dayib's parents.

I don’t think my brother and his wife will recover from this. They really torture themselves, he said.

Dayib's mother was running errands nearby while his father watched him and his three-year-old sister. The father was getting something in another room when his daughter ran over and said her brother fell.

It took place in less than a minute, Bihi said, adding that it was the daughter who had apparently opened the balcony door.

Slusher said it was too early to tell whether Dayib would suffer any long-term complications from his big fall, but he will likely be out of the hospital in weeks or months.

I expect him to survive, she said. It's amazing.

The apartment building's owners and managers said the balcony had passed inspection when the 1,303-unit Riverside Plaza underwent a $65 million (Dh238.7 million) renovation in 2011-2012.

About half of the units are equipped with balconies. Residents have suggested installing an extra lock or latch to secure the door that opens to the balconies, according to KARE.


Rahul Gandhi skips farewell dinner for PM Manmohan Singh - 5/14/2014

IT Congress vice-president Rahul Gandhi on Wednesday skipped the farewell dinner for Prime Minister Manmohan Singh which was hosted by Congress president Sonia Gandhi.

The event, which was held at 10 Janpath, was attended by a galaxy of party leaders and Union ministers and was held as a mark of gratitude by the party whose coalition government the 81-year-old Singh led for 10 long years.


Following the uproar on social media, the Congress tried to control the damage by saying Rahul had met the PM earlier on Saturday and had thanked him for his leadership. He is said to have told the PM that he will not be attending the dinner since he had other engagements.

While ABP News said Rahul Gandhi was out of the country, the Congress maintained that he is out of town for 2 days. The Congress scion's decision not to cancel his engagements came in for censure on social media.

Meanwhile at the dinner, Singh was presented a memento which had signatures of top Congress leaders and Union ministers. Pallam Raju read out the dedication inscribed on it in praise and honour of the prime minister.

Singh and his wife Gursharan Kaur were presented bouquets and party leaders were seen scrambling for a photograph with the couple and Sonia Gandhi.

Sonia Gandhi sees off PM Manmohan Singh and Gursharan Kaur after the farewell dinner. Photo tweeted by ANI

The economist-turned-politician had announced his retirement some time back saying he would not run for a third term.

The party had only on Tuesday hailed Singh's able stewardship of the government, underlining how he had led the country through difficult times.

"Singh's experienced and seasoned stewardship, his personal integrity and ability to lead the country through difficult times is noteworthy and India is proud to have earned so many laurels and respect during the 10 years," AICC had said on Tuesday.

Party leaders, including Sonia Gandhi, have often expressed their appreciation of Singh during the UPA-I and UPA-II governments for having carved out a trajectory of clear inclusive growth, stability and social harmony in the country.

Singh would be demitting office on May 17, a day after the Lok Sabha election results are announced.

He had assumed office on May 22, 2009, for his second consecutive term as prime minister and already holds the distinction of being the third-longest serving head of the Union government after Jawaharlal Nehru and Indira Gandhi. former RBI Governor, Singh -- who is often described as the architect of India's economic reforms -- entered politics in 1991 when he was made Finance Minister by the then Prime Minister PV Narasimha Rao.






MTS to provide free wi-fi services on Rapid Metro Gurgaon - 5/14/2014

Indian Express Sistema Shyam Teleservices, which operates under MTS
brand name, has partnered with Rapid MetroRail Gurgaon Ltd for providing this service.

Rapid MetroRail commuters here will have access to free wi-fi services on all trains running on the 5.1-km long six-station corridor starting today.

Sistema Shyam Teleservices, which operates under MTS brand name, has partnered with Rapid MetroRail Gurgaon Ltd for providing this service.

Apart from the Rapid Metro trains, MTS will also provide free wi-fi access on four stations including Sikanderpur, IndusInd Bank Cyber City, Phase 2 and Micromax Moulsari Avenue.

MTS has set up five kiosks on four Rapid Metro stations where commuters can procure wi-fi coupons. The service, which the company says will be experienced by 30,000 daily commuters, will remain free for six months.

“This one of its kind service will enable commuters to access fast and consistent data speeds of up to 9.8 Mbps on MTS’ 3G plus network,” MTS India Chief Executive Officer Dmitry Shukov told reporters here.
He added that MTS is also looking at opportunities to provide similar services in other public places, including metros and educational institutes in other cities.

The company said it had commissioned an internal research to gauge consumer interest in using wi-fi services while travelling in Rapid Metro.

The study, undertaken by AZ Research, highlighted that more than 95 per cent of commuters wanted to have access to Internet while using the Rapid Metro. The percentage was highest amongst travellers in the age-group of 15-35 years.

“With most of the daily commuters using smartphones and tablets, people will experience fast and consistent data speeds on MTS 3G plus network,” Rapid Metro Gurgaon MD and CEO Sanjiv Rai said.


Infosys Battles Worker Exodus Amid Top-Level Exits, Lower Wage Hikes - 5/12/2014

NDTV Mumbai:

Infosys Ltd, once a bellwether for India's $100 billion-plus or Rs.600,000 crore ($1=Rs. 60) IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore-based company struggles to regain ground lost to rivals.

Current and former Infosys staff interviewed by Reuters say morale has been dented by a series of senior management exits and worries about career prospects as the company's revenue and pay increases grow at a slower rate than at competitors such as Tata Consultancy Services Ltd (TCS).

Annual revenue in the year to end-March rose 24.2 per cent, lagging growth of 29.9 per cent at TCS.

The annualised rate of attrition at Infosys - effectively the number of staff leaving or retiring - was a record 18.7 per cent at end-March, 2.4 percentage points higher than a year earlier. That's close to a fifth of the company's workforce of more than 160,000. The attrition rate at market leader TCS was 11.3 per cent.

India's outsourcing services industry has relied for years on an army of engineering graduates to build so-called "bench strength", key to winning new contracts in an increasingly competitive industry. A strong "bench" signals to prospective clients that the firm can assign enough technicians to new projects. That signal is weaker when the number of staff quitting a company rises to uncomfortable levels. It also does little to attract new hires in the close-knit IT world.

"We were all excited when we joined Infy," said Sandeep Chaudhary, who last month quit Infosys after two years to go and work at a rival. "It has the best training and campus, but the company fails to utilise the training it gives its employees."

Taking Steps

Infosys announced an average 6-7 per cent pay rise last month for India-based staff, below the average 10 per cent raise at TCS. Third-ranked Wipro Ltd said it plans raises of 6-8 per cent from June.

Offering lower pay increases than its rivals could mean attrition levels at Infosys will rise further, UBS wrote in a client note last week. UBS cut its Infosys stock rating to 'Sell' from 'Buy'. "Such high levels of attrition could impact revenue acceleration," it added.

Infosys President Pravin Rao, a leading candidate to take over as CEO when S.D. Shibulal retires in January, acknowledged that attrition is higher than the 12-13 per cent rate the company is comfortable with.

Rao said Infosys is taking steps to stem the flow of those leaving: restoring regular April pay rises, having more frequent reviews for promotion, fast-tracking promotion for high achievers and increasing the fixed component in paychecks. In the past year, it has also held more 'town hall' meetings and 'jam sessions' where staff can speak informally with management.

"Yes, as a company we're seeing challenges on growth, and when growth does not happen opportunities get limited so attrition rises," Rao said in a phone interview.

He noted Infosys is hiring aggressively in sales, and expected attrition rates would return towards more acceptable levels in the coming quarters. "We're confident that once these changes start sinking in ... and growth comes back, attrition will come down," he said.

Some investors remain wary, however.

"If you lose too many people you have to redeploy them and clients don't like that. I'd say it's the biggest issue at the company right now," Bhavin Shah, CEO of investment bank Equirius Capital, said by phone from Ahmedabad, noting the high levels of attrition made him cautious on Infosys shares.

Training, Stock Options

Infosys was founded in 1981 when seven engineers, including N.R. Narayana Murthy, pooled $250 or Rs. 15,000 ($1 = Rs. 60) - mostly borrowed from their wives. The company's rapid growth kick-started the outsourcing movement in India and coined the term 'to be Bangalore-d'.

New company hires are put on a 23-week training programme regarded as among the best in the industry, and work in a Silicon Valley-style headquarters campus on sprawling grounds, with multi-cuisine food courts and state-of-the-art gymnasiums. Employee stock options helped make some of India's first salaried millionaires.

In recent years, however, Infosys has been criticised for not changing with the times, for being too conservative in chasing new business and, at times, for depending too much on Murthy, which some investors and analysts say has hobbled the development of new leadership.

A revamp, dubbed "Infosys 3.0", aimed to move the company up the value chain but fell short of expectations, prompting the return of Murthy from retirement last June to try to revive its fortunes. But his return, with his son Rohan as his executive assistant, saw at least nine senior executives depart amid a reshuffle of teams and titles. Some Infosys insiders say Murthy's return was aimed at grooming Rohan for the top job, prompting confusion and damaging morale.

"When senior management leaves in bunches, we begin to wonder if it's a sinking ship," said one Bangalore-based software consultant who has worked at Infosys for six years, but who didn't want to be named as company policy doesn't allow staff to speak to the media.

Most of the 18 current and former Infosys employees whom Reuters spoke to declined to be named.

Not everyone at Infosys wants out, and some said they were confident that Murthy's turnaround efforts would succeed. "These are hard times for Infy and a lot of employees are leaving. But I think these measures taken by Mr. Murthy are good," said another 6-year Infosys 'veteran', who plans to stay.

Headhunted

Others, however, are looking to move on, and four headhunting firms in Bangalore, India's IT hub, said they had seen a surge in resumes from Infosys staff over the past year.

They did not provide numbers for competitive reasons, but Shreya Bajaj, general manager at MapleCode, noted that most Infosys staff seeking jobs through the agency now would consider moving to a smaller company, something that would not have happened 18 months ago.

"For the last two years, there have been no significant wage hikes, there's saturation in career growth, the company's results have been below market expectations and there's internal strife, with senior guys leaving," she said. "Regular workers are feeling there's not much chance of growth in the company."

Future growth for India's large IT vendors is expected to be driven by infrastructure services and social media, applications (apps) and cloud computing (SMAC) - areas where analysts say Infosys lags rivals such as Cognizant Technology Solutions.

Murthy has said it would take a few years before Infosys gains significant ground in SMAC.

"Infosys is now beginning to focus on these segments, but in the next 2-3 years, we think Infosys' large base in the slower growing applications segments will remain a drag on revenue growth relative to peers," UBS wrote in its note.


India election: Exit polls see Modi win as vote ends - 5/12/2014

BBC

A number of exit polls are suggesting that Narendra Modi, the leader of India's main opposition BJP, is on course to win the general election.

The BJP dominated the campaign but analysts warn that exit polls have often been wrong in the past.

The main contest in the vote is between the ruling Congress and the BJP. Votes will be counted on 16 May.

Polls ended on the final day of voting on Monday. The Election Commission said voter turnout was a record 66.38%.

The figure beats the previous record set in 1984.

The election began on 7 April and has been held in nine phases for security and logistical reasons. With 814 million eligible voters, it is the world's biggest exercise in democracy.

Analysis

If the exit polls turn out to be accurate when the votes are counted on Friday, they will point to a dramatic turnaround for the BJP and a massive defeat for the Congress.

Three out of four major exit polls in India suggest that the BJP and its allies will get an outright majority, while one says it will fall short by a little over 20 seats.

If accurate, it will also explain the record turnout in these elections. And it will suggest that the BJP's gamble of building its campaign entirely around Narendra Modi, an often divisive figure, has worked in its favour.

But exit polls are not always taken very seriously in India because of their poor track record. They were dramatically inaccurate in the past two elections in 2004 and 2009, vastly over-estimating the BJP's performance.

Exit polls being released by Indian media organisations on Monday evening all showed the BJP-led National Democratic Alliance (NDA) well ahead in terms of predicted seat wins, and the governing Congress trailing badly.

According to the India Today-Cicero poll, the NDA is expected to win between 261 and 283 seats. TimesNow-ORG predicts 249 seats for the opposition alliance.

The IBN Network18-CSDS poll predicts the NDA will get between 270 and 282 seats and expects the BJP to win between 230 and 242 seats. It points to a dismal showing for the Congress-led United Progressive Alliance (UPA), which it expects it to get 92 to 102 seats.

The ABP-Nielsen exit poll gives 281 seats to the NDA and 97 seats to the UPA.

A party or coalition needs 272 to form a government and analysts say unless the BJP wins a clear majority, the vote counting on Friday may be followed by days of bargaining with potential allies.

Correspondents note that exit polls are notoriously inaccurate in India, partly because of the size and complexity of the electorate. In the last two elections, they were inaccurate and over-estimated the BJP's gains.

On Monday, as polling came to an end, Election Commission officials said more than 551 million voters had to cast their ballots, higher than any turnout in the country's history.

'Ballot for progress'

On the final day of the election, millions turned out in the sacred city of Varanasi, a key battleground, where Mr Modi is being challenged by anti-corruption campaigner Arvind Kejriwal.

Voting was also held in 40 other seats in Uttar Pradesh, Bihar and West Bengal states.

Andrew North: 'Many Indians will be relieved that this process is almost at an end'

Residents line up to vote at a local polling station set up at a school in Varanasi on May 12, 2014Large crowds, including many women, turned up at polling stations in Varanasi from early on Monday
People wait to cast their vote at a polling station in the final phase of the general election in Varanasi in the northern Indian state of Uttar Pradesh May 12, 2014. There are a total of 42 candidates in the fray in Varanasi
People stand in a queue to cast their vote at a polling station in Kamalgaji, on the outskirts of Kolkata, India, Monday, May 12, 2014. Polling also took place in West Bengal state

In the run-up to Monday's vote, Varanasi had been the scene of frenzied political campaigning.

"Varanasi will finally see some change and development. I am glad to have lived for the day," Ramavati, 93, said.

One woman told the BBC that she had cast her ballot "for the person who will bring development and progress".


"The main issues are inflation, corruption and unemployment."

Pitted against Mr Modi in Varanasi is Arvind Kejriwal of the Aam Aadmi Party, whose army of volunteers has campaigned extensively for weeks before polling.

There are a total of 42 candidates in the fray in the seat, including the Congress party's Ajay Rai, a local political leader.

Uttar Pradesh, where Varanasi lies, returns more MPs than any other state and is often dubbed India's battleground state.



Prime Minister Manmohan Singh Sends Farewell Letters to Various World Leaders - 5/10/2014

NDTV
Prime Minister Manmohan Singh Sends Farewell Letters to Various World Leaders

PTI

Prime Minister Manmohan Singh with National Advisory Council (NAC) Chairperson Sonia Gandhi and other council members at a meeting in New Delhi

New Delhi As he prepares to demit office, Prime Minister Manmohan Singh has written farewell letters to leaders of various countries, including US President Barack Obama, former Chinese Premier Wen Jiabao and Russian President Vladimir Putin.

Dr Singh, who also wrote to German Chancellor Angela Merkel, has generally conveyed his thanks to them while recalling how they had worked together all these years, sources said.

Mr Wen has sent his response to Dr Singh.

In his hand-written letter, the former Chinese Premier has expressed his admiration for Dr Singh's leadership and helping in fostering better relations between the two countries, the sources said.

Dr Singh and Mr Wen met over a dozen times as they enjoyed good rapport.

Mr Wen, after demitting office, showed a special gesture of hosting a lunch for Dr Singh when he visited Beijing last year.

Recalling their relationship, Mr Wen had remarked that the two leaders had been like "two drivers with steady hands on the wheels, driving in the right direction." 

Dr Singh and Mr Obama also had three Summit-level talks besides meeting several times on the side-lines of multilateral fora since the US President took over in 2009.

Similarly, Dr Singh has met Mr Putin a number of times, including having annual Summit

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