Three labourers were killed and one more seriously injured after the slab of an under-construction building collapsed in Pune’s Dattawadi area on Tuesday morning.The tragedy occurred between 10 a.m. and 10:30 a.m., when a group of four labourers were working on the 7th floor of an under-construction building which was a project by Pate Developers, a city-based construction group. The labourers in question hailed from Jharkhand and were in their 20s.The incident has brought into sharp relief yet again the pressing issue of labourers’ safety measures on construction sites.The deceased have been identified as Prakash Saav (26), Dulari Paswan (28) and Midhun Singh (22). The fourth labourer, Ramu Pawan (24), suffered serious injuries and is undergoing treatment at a local hospital, said Dattawadi police.“The labourers were about their usual tasks when the cement slab of the seventh floor caved in. All three were killed on the spot,” informed Anil Patil, senior police inspector, Dattawadi police station.Mr. Patil further informed that the police were investigating the matter and were in the process of lodging an FIR against the developers under section 304 (culpable homicide not amounting to murder) of the Indian Penal Code (IPC).He said the contractors and the project owners were being investigated to ascertain who was responsible for the tragedy and questions like whether or not the labourers were wearing safety harnesses while working at that height. The incident is a veritable replay of the Balewadi slab collapse tragedy in July last year in which nine labourers were killed on the spot.In that case, the authorities had stated that the accident was clearly a case of “illicit construction” as the builders (Pride Purple) had violated norms by constructing an additional storey (the 13th floor). Permission to build only 12 floors, plus the basement, was granted.The Dattawadi incident adds to a string of accidents that have occurred in Pune in recent years. On December 2012, 13 labourers were killed when a slab of an under-construction building caved in at Wagholi, 20 km from the city.Prior to that, in September that same year, six persons were killed on the spot and several more injured after a four-storey residential building caved in at Sahakar Nagar.Safety norms and illicit constructions came into question yet again in January 2014, when a newly constructed six-storey building collapsed in the city’s suburban region of Narhe-Ambegaon, tragically killing a 28-year-old youth who was trapped under the debris.
Lawyer-turned-politician Ravi Shankar Prasad of the Bharatiya Janata Party has been elevated as the new deputy leader of Opposition in the Rajya Sabha in place of S.S. Ahluwalia.His elevation is likely to liven up House proceedings as he will be pitted against Rajiv Shukla, minister of state for parliamentary affairs. However, some could see this as a family matter too. Prasad’s sister is married to Shukla.
England won the toss and elected to bat first against IndiaWelcome to the coverage of Day 2 of the 3rd Test between India and England from the Rose Bowl stadium in Southampton.Day 1 Highlights It was another run-marathon for England today. Gary Balance and Ian Bell piled up 142 runs for the third wicket. Both batsmen rattled the opposition with clinical strokes throughout the day. Gary Ballance was unlucky to be ruled caught behind by the umpire at 156 runs despite the ball hitting the thigh pad. Following Ballance’s dismissal, Bell continued the carnage but kept losing wickets at the other end. Bhuvneshwar Kumar scalped Joe Root and Moeen Ali to bring some relief for India. But, debutant Jos Buttler stuck with Bell to add 106 runs for the sixth wicket. Bell completed his 150 before getting caught off Bhuvneshwar at 167 runs. Buttler carried on his innings and looked poised for a debut hundred before being bowled by Ravindra Jadeja. England declared at a mammoth total of 569 runs at the loss of seven wickets. In reply, India began cautiously only to lose Shikhar Dhawan after he was caught by Alastair Cook in the slip cordon. Team India have a huge task at their hands when they come out to bat tomorrow and it will surely take some batting for MS Dhoni’s men to get anywhere close to the total set by England. After how many Dhawan failures will Dhoni finally give up the politics and select Gambhir? #IndvsEng #Hardcore #@kki@n (@45Ankushrana) July 28, 2014That’ll be STUMPS ON DAY 2!!advertisementWith Cheteshwar Pujara(4) and Murali Vijay(11) at the crease, India end Day 2 at 25/1 after 14 overs.MAIDEN OVER by Woakes!! Chris Woakes will bowl the FINAL OVER of Day 2 for England. With Cheteshwar Pujara(4) and Murali Vijay(11) at the crease, India are currently at 25/1 after 12 overs.FOUR RUNS off the over!! First change, Chris Jordan comes into the attack for England. Now #Butler is collecting da ball near his chest & #Dhoni was collecting it near his knees. That tells u a lot about #Ind bowlers! #IndvsEng Rohit Joshi (@emceeaarjay) July 28, 2014With Cheteshwar Pujara(0) and Murali Vijay(11) at the crease, India are currently at 17/1 after 7 overs.That’s a WICKET MAIDEN by Anderson!!Cheteshwar Pujara comes to the crease for India.James Anderson STRIKES EARLY for England!!6.3 overs: That’s OUT!! James Anderson has got Shikhar Dhawan out caught at the first slip. Dhawan was looking to push but gets an outside edge through to Alastair Cook who takes it comfortably. Shikhar Dhawan departs after scoring six runs off 17 balls with a boundary. EARLY BLOW for India!! With Shikhar Dhawan(4) and Murali Vijay(7) at the crease, India are currently at 11/0 after 3 overs.Bhuvneshwar Kumar has now dismissed 11 of the 14 English players this series except Jos Buttler, Chris Woakes & Chris Jordon #EngvInd Mohandas Menon (@mohanstatsman) July 28, 2014FOUR RUNS off the over!! 2.4 overs: FOUR!! Shikhar Dhawan leans into the drive and creams it through covers for a boundary. CRACKING SHOT from Dhawan!! With Shikhar Dhawan(0) and Murali Vijay(7) at the crease, India are currently at 7/0 after 2 overs.TWO RUNS off the over!! Stuart Broad will bowl from the other end for England.With Shikhar Dhawan(0) and Murali Vijay(5) at the crease, India are currently at 5/0 after 1 over.FIVE RUNS off the over!! 0.2 overs: FOUR!! Murali Vijay leans forward and steers it through gully for the first boundary in the innings. BEAUTIFUL SHOT from Vijay!! Shikhar Dhawan and Murali Vijay are out in the middle for India while James Anderson will start the proceedings for England. England will now have 14 overs REMAINING IN THE DAY to test the Indian openers at the helm of a MASSIVE TOTAL on board.That’ll be the END OF 1st INNINGS for England as skipper Alastair Cook has decided to DECLARE THE INNINGS!!So, NO DEBUT HUNDRED for Jos Buttler here!!163.4 overs: OUT!! Ravindra Jadeja has bowled Jos Buttler on a quicker delivery. Buttler was looking to pull but gets an inside edge back onto the stumps. Jos Buttler departs after scoring 85 runs off 83 balls with nine boundaries and three sixes. With Chris Woakes(3) and Jos Buttler(65) at the crease, England are currently at 545/6 after 162 overs.SIX RUNS off the over!!161.3 overs: FOUR!! Jos Buttler leans forward and cracks the square drive for a boundary. With Chris Woakes(0) and Jos Buttler(53) at the crease, England are currently at 529/6 after 159 overs.FIVE RUNS off the over!!Chris Woakes comes to the crease for England.Ian Bell walks back to a STANDING OVATION from the Rose Bowl stadium!!advertisement158.3 overs: That’s OUT!! Bhuvneshwar Kumar has got Ian Bell out caught at mid-off. Bell was looking to play through the line but holes out to Pankaj Singh who takes it cleanly at mid-off. Ian Bell departs after scoring 167 runs off 256 balls with 19 boundaries and three sixes. BIG WICKET for India!! With Ian Bell(163) and Jos Buttler(45) at the crease, England are currently at 517/5 after 157 overs.The only English keeper to score a 100 on Test debut is the person Jos Buttler replaced – Matt Prior (126* v WI Lords 2007) #EngvInd Mohandas Menon (@mohanstatsman) July 28, 2014NINE RUNS off the over!! 156.2 overs: FOUR!! Ian Bell rocks back and clouts the pull towards long leg for a boundary. Bell has SHIFTED GEARS here!!THIRTEEN RUNS off the over!!155.5 overs: FOUR!! Jos Buttler flays the reverse sweep and gets a boundary past point.155.3 overs: SIX!! Jos Buttler shimmies down the track and smashes it straight down the ground for the maximum. MIGHTY BLOW from Buttler!! With Ian Bell(139) and Jos Buttler(23) at the crease, England are currently at 468/5 after 150 overs.SIX RUNS off the over!!148.2 overs: FOUR!! Jos Buttler goes on the backfoot and cuts it hard for a boundary. With Ian Bell(133) and Jos Buttler(12) at the crease, England are currently at 451/5 after 144 overs.SIX RUNS off the over!!143.1 overs: FOUR!! Ian Bell hangs back and flicks it towards fine leg for a boundary. POOR LINE from Singh!! With Ian Bell(125) and Jos Buttler(11) at the crease, England are currently at 442/5 after 142 overs.EIGHT RUNS off the over!!140.3 overs: FOUR!! Jos Buttler leans forward and drills it through extra cover for another boundary. BACK-TO-BACK BOUNDARIES for Buttler!!140.2 overs: FOUR!! Jos Buttler dances down the track and thrashes it over covers for a boundary. Buttler GETS INTO ACTION!! With Ian Bell(121) and Jos Buttler(0) at the crease, England are currently at 426/5 after 138 overs.FIVE RUNS off the over!!137.1 overs: FOUR!! Ian Bell leans into the drive and sends it through covers for a boundary. CLASSIC COVER-DRIVE on display from Bell!! With Ian Bell(116) and Jos Buttler(0) at the crease, England are currently at 421/5 after 137 overs.TWO RUNS off the over!!Jos Buttler comes to the crease for England.Moeen Ali FALLS to yet another SHORT-BALL TRAP!!135.5 overs: OUT!! Bhuvneshwar Kumar has got Moeen Ali out caught at second slip. Ali goes a tad too early in the pull shot and gets a bottom edge through to Ajinkya Rahane in the slip cordon. Moeen Ali departs after scoring 12 runs off 28 balls with a boundary. With Ian Bell(114) and Moeen Ali(11) at the crease, England are currently at 418/4 after 135 overs.TWENTY ONE RUNS off the over!!134.5 overs: FOUR!! Ian Bell hangs back and crashes the cut past backward point for a boundary.134.4 overs: SIX!! Ian Bell skips down the track and smashes it back over the bowler’s head for another maximum. Bell is TAKING ON Jadeja here!!134.3 overs: FOUR!! Ian Bell gets a big stride forward and drills it through extra cover for a boundary.What a way to SILENCE THE CRITICS! Bell RAISES HIS BAT to an ECSTATIC Rose Bowl stadium.advertisement134.2 overs: SIX!! Ian Bell picks the length early and sends it deep into the stands over long-on for the maximum. That’s 21st TEST TON for Bell!! With Ian Bell(94) and Moeen Ali(10) at the crease, England are currently at 397/4 after 134 overs.SIX RUNS off the over!!133.2 overs: FOUR!! Moeen Ali reaches out and carves it over backward point for a boundary. A MUCH-NEEDED BOUNDARY for Ali!! I reckon, it’s going to be SHORT STUFF for Moeen Ali now!! With Ian Bell(85) and Moeen Ali(2) at the crease, England are currently at 380/4 after 128 overs.4 sessions completed and the 4th England wicket taken just now ..Ishanth wud be smiling that he dint play on this dead track! #IndvsEng Satish Kulkarni (@satishkulki) July 28, 2014FOUR RUNS off the over!!Moeen Ali comes to the crease for England.MS Dhoni’s ROTATION POLICY has FINALLY WORKED for India!!127.2 overs: That’s OUT!! Bhuvneshwar Kumar has got Joe Root out caught by the wicket-keeper. Root was looking to dab it towards cover but gets a thin edge through to MS Dhoni behind the stumps. Joe Root departs after scoring three runs off 25 balls. Another BLOW for England!! With Ian Bell(85) and Joe Root(3) at the crease, England are currently at 376/3 after 127 overs.FOUR RUNS off the over!!126.4 overs: FOUR!! Ian Bell waits for it and flicks it towards fine leg for a boundary. EASY PICKINGS for Bell!! With Ian Bell(77) and Joe Root(3) at the crease, England are currently at 368/3 after 123 overs.Dis is really frustrating for #IND.Its seems 2 b #Eng are going 2 cross above 500 runs easily if dey go in this rate.#IndvsEng Shoubhick Pakrashi (@Shubhinoy) July 28, 2014SIX RUNS off the over!!122.1 overs: FOUR!! Ian Bell rocks back and crashes the cut past gully for a boundary. TOO MUCH WIDTH from Shami!! With Ian Bell(71) and Joe Root(3) at the crease, England are currently at 362/3 after 121 overs.That’s a MAIDEN from Singh!! Pankaj Singh will bowl from the other end for India. FOUR RUNS off the over!!Ian Bell and Joe Root are out in the middle for England while Mohammed Shami will start the proceedings for India.And, we’re back!! LUNCH: England batsmen were all over the Indian bowling attack in the first session. Gary Ballance took off from where he left the other day. Ian Bell too got in the groove and started playing positive strokes against the lacklustre bowling of the Indians. Bell notched up his 42nd Test fifty while Ballance also clinched his 150 as the duo added a crucial 142 runs for the third wicket. The Indian bowlers failed to find an inspiration in the early session but finally with some luck and help from the umpire, Rohit Sharma managed to get the breakthrough for India. There wasn’t much for MS Dhoni to be happy about as far as the Indian bowling is concerned but the welcome wicket of Ballance would surely cheer his team. Joe Root is new to the crease but he will be eager to build on the solid platform provided by the top three batsmen for England. On the other hand, India need to attack the new batsman to run into England’s middle-order before the end of second session today.Meanwhile in Southampton, Ballance a victim of one of the most bizarre umpiring decisions. A shame to be given out in such a way! #IndvsEng Harisankar Menon (@Nonemraknasirah) July 28, 2014With Ian Bell(68) and Joe Root(2) at the crease, England are currently at 358/3 after 119 overs.THREE RUNS off the over!!Rohit Sharma will bowl the FINAL OVER before lunch for India. With Ian Bell(67) and Joe Root(0) at the crease, England are currently at 355/3 after 118 overs.Such a terrible decision.. Bad luck BALLANCE ..#IndvsEng Saikat Chakrabarti (@_saikat_) July 28, 2014ONE RUN off the over!!Joe Root comes to the crease for England.Team India FINALLY GET THE BREAKTHROUGH!!116.5 overs: OUT!! Rohit Sharma has got Gary Ballance out caught by the wicket-keeper. Ballance was looking to dab it down the leg side but the ball takes a deflection off the thigh pad and goes into the hands of MS Dhoni. The umpire has missed the trick there. Gary Ballance departs after scoring 156 runs off 288 balls with 24 boundaries. Ballance is ABSOLUTELY GUTTED with the decision!!Rohit Sharma comes into the attack for India. With Ian Bell(66) and Gary Ballance(156) at the crease, England are currently at 354/2 after 116 overs.EIGHT RUNS off the over!!115.3 overs: FOUR!! Gary Ballance reaches out and slashes it through covers for a boundary. That was TOO WIDE from Jadeja!!TEN RUNS off the over!!114.6 overs: FOUR!! Ian Bell hangs back and steers it towards third man for a boundary. 114.3 overs: FOUR!! Gary Ballance goes on the backfoot and sends it towards deep square leg for a boundary. That’s 150 for Ballance!! MSD needs to put on his THINKING CAP and make a FEW CHANGES quickly because the way it is going, England look more than good for a 550-run total!! With Ian Bell(60) and Gary Ballance(141) at the crease, England are currently at 328/2 after 112 overs.FOUR RUNS off the over!!111.5 overs: FOUR!! Gary Ballance rocks back and clouts the pull towards deep square leg for a boundary. EASY PICKINGS for Ballance!! With Ian Bell(60) and Gary Ballance(136) at the crease, England are currently at 323/2 after 110 overs.Life changes so quickly From ohh no ishant Sharma To why no ishant Sharma #IndvsEng Nishank Maheshwari (@nishank_91) July 28, 2014FIVE RUNS off the over!!109.4 overs: FOUR!! Ian Bell gets on top of it and swats it towards third man for a boundary. With Ian Bell(56) and Gary Ballance(135) at the crease, England are currently at 318/2 after 109 overs.SIX RUNS off the over!! 108.3 overs: FOUR!! Ian Bell rocks back and crashes the cut wide of backward point for a boundary. CRACKING SHOT by Bell!! With Ian Bell(50) and Gary Ballance(135) at the crease, England are currently at 312/2 after 107 overs.This is just too easy for England right now. India just bringing their batsmen back to form. Where’s that energy gone boys?! #IndvsEng Sonal (@SonalHirani95) July 28, 2014TWO RUNS off the over!!Team India IN TATTERS here, they DESPERATELY NEED A WICKET!!106.2 overs: Ian Bell presses forward and punches it towards long leg for a single. That’s 42nd TEST FIFTY for Bell!! With Ian Bell(49) and Gary Ballance(134) at the crease, England are currently at 310/2 after 106 overs.NINE RUNS off the over!!105.2 overs: SIX!! Ian Bell shimmies down the track and smashes it back over the bowler’s head for the maximum. SUPERB HIT from Bell!! With Ian Bell(40) and Gary Ballance(134) at the crease, England are currently at 301/2 after 103 overs.TEN RUNS off the over!!102.6 overs: FOUR!! Gary Ballance waits for it and steers it past gully for another boundary. CONSECUTIVE BOUNDARIES for Ballance!!102.5 overs: FOUR!! Gary Ballance gets into position early and hoicks it over midwicket for a boundary. With Ian Bell(38) and Gary Ballance(121) at the crease, England are currently at 286/2 after 101 overs.India haven’t looked the same as at the Lord’s. Can’t just be due to one bowler missing. Lack of intensity has let Eng a window #IndvsEng Vikrant Gupta AajTak (@vikrantgupta73) July 28, 2014FOUR RUNS off the over!!100.3 overs: FOUR!! Ian Bell leans into the drive and sends it past point for a boundary. That was TIMED BEAUTIFULLY!! What demons have gotten to @BhuviOfficial ? Day 1 he bowled wide outside the off-stump and today he’s drifting down leg! #IndvsEng #cricket Rohit Joshi (@emceeaarjay) July 28, 2014Stat Update: Last time England’s first three batsmen scored 50+ runs was back in August 2013 against Australia. With Ian Bell(33) and Gary Ballance(120) at the crease, England are currently at 280/2 after 98 overs.brakes needed on English men..!! X( #IndvsEng Ritesh Mody (@Er_TurkeY) July 28, 2014BIG OVER for England, TWELVE RUNS off it!!96.5 overs: FOUR!! Gary Ballance leans forward and drills it through midwicket for a boundary. That’s THIRD BOUNDARY in the over!!96.3 overs: FOUR!! Gary Ballance hangs back and clips it off the pads for another boundary.96.2 overs: FOUR!! Gary Ballance goes on the backfoot and flays the cut shot past backward point for a boundary. Ballance WON’T MISS OUT on those!! With Ian Bell(29) and Gary Ballance(106) at the crease, England are currently at 262/2 after 95 overs.FIVE RUNS off the over!!94.5 overs: FOUR!! Ian Bell leans into the drive and sends it scurrying through covers for a boundary. BEAUTIFUL SHOT by Bell!!EIGHT RUNS off the over!!93.2 overs: FOUR!! Ian Bell waits for it and flicks it towards fine leg for a boundary. POOR LINE from Singh there!!93.1 overs: FOUR!! Ian Bell goes for the drive and gets an outside edge past the slip cordon for a boundary. BELL was LUCKY there!!A MAIDEN START for Pankaj!!Pankaj Singh will bowl from the other end for India.Bhuvneshwar Kumar starts off with a MAIDEN!!Ian Bell and Gary Ballance are out in the middle for England while Bhuvneshwar Kumar will start the proceedings for India on Day 2.Toss: England won the toss and elected to bat first against India.Changes: India have made two changes with Rohit Sharma and Pankaj Singh replacing Stuart Binny and injured Ishant Sharma. On the other hand, England have opted for three changes with Jos Buttler replacing Matt Prior as wicketkeeper, while Chris Woakes and Chris Jordan replace Liam Plunkett and Ben Stokes in the bowling attack.Teams:England: Alastair Cook, Sam Robson, Gary Ballance, Ian Bell, Joe Root, Moeen Ali, Joss Buttler, Chris Jordan, Chris Woakes, Stuart Broad, James AndersonIndia: Murali Vijay, Shikhar Dhawan, Cheteshwar Pujara, Virat Kohli, Ajinkya Rahane, Mahendra Singh Dhoni, Ravindra Jadeja, Rohit Sharma, Bhuvneshwar Kumar, Mohammed Shami, Pankaj Singh
The Bank of Jamaica (BoJ) has announced the appointment of two new Deputy Governors.In a statement on Tuesday (January 29), the BoJ said Chief of its Banking and Market Operations Division, Natalie Haynes, and the institution’s Supervision Evaluation Expert, E. George Roper, have been promoted to the Executive Management Team, effective February 18, 2019.In her new position, Mrs. Haynes, who is a member of the Senior Management Team, will have strategic oversight for the BoJ’s two new portfolios – Banking, Depository and Currency Operations, and Financial Markets Infrastructure.Mr. Roper, who leads the BoJ-coordinated National Risk Assessment Programme, will have responsibility for strategic oversight of Finance and Administration, and the Information Technology and Records Management portfolios.The tenure of both appointees will each span five years.
Facebook Twitter Google+LinkedInPinterestWhatsAppOn the international stage… the TCI is doing it again. Songstress Chrystal “TESS” Charles was among the artists at the Caribbean Rock NYC concert organized by Tempo. Among the sponsors of Caribbean Rocks NYC – TEMPO Turns 10 Anniversary Celebration are The Turks and Caicos Islands, The Islands of The Bahamas, Barbados, BTC, Caribbean Airlines and St. Kitts. Facebook Twitter Google+LinkedInPinterestWhatsApp TESS held a promotional party before heading off to perform in NY. The dynamic artist, who always wows the local crowd is featured on original reggae track “FOR YOU” Written by Carl “CHOICE” Lewis and released her Soca/Rip Saw track “Daa’n My Business”, which she wrote. Related Items:
Gary Neville has praised Liverpool coach Jurgen Klopp and Tottenham Hotspur coach Mauricio Pochettino concerning their works, stating that they’ve both done wonderful jobs.“If you could look at Mauricio Pochettino and the body of work before going into a new stadium, you think he’s had top-four finishes now, and he could win a trophy – Jurgen Klopp and Mauricio Pochettino have done wonderful jobs at Liverpool and Spurs, there will always be that niggle in the back of people’s minds if they haven’t won a trophy at what point do they start to get judged by silverware,” Neville said as quoted by Sky Sports.“Every other manager at every other top club is judged by silverware, what they win and not just top four, top-two finishes. There comes that point, this season or maybe next, for Pochettino and Klopp, it would be extremely helpful for them to put an end to those niggles that exist because of a lack of trophies while they have been at their clubs.”
Sharp Corp’s two main banks are set to lower the interest rates on a combined 700 billion yen ($6.2 billion) in loans to the Japanese display maker as part of a planned takeover by Taiwan’s Foxconn, a source with direct knowledge of the plan said.The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc also plan to extend the deadline for repayment of a combined 510 billion yen in syndicated loans due at the end of the month, the source said.The source declined to be identified because the plan has not been officially announced.The banks are also considering an additional commitment line for the troubled company, the source told Reuters, as it seeks to restructure under Foxconn, formally known as Hon Hai Precision Industry Co.Representatives for Mitsubishi UFJ and Mizuho declined to comment.
The Mindtree logo. The company is fighting a takeover bid by Larsen & Toubro.When the mindset of people at the helm fails to keep pace with a firm’s growth, ugly boardroom dramas like the one playing out in Mindtree’s boardroom unfolds. The founders of the Bengaluru-based mid-size information technology services firm are locked in an emotional battle against the takeover bid by construction and technology giant Larsen & Toubro (L&T), which has deployed a massive Rs 10,733-crore war chest for storming the boardroom of the 20-year-old public-listed company.Mindtree founders Krishnakumar Natarajan, Subroto Bagchi, and Parthasarathy NS, and chief executive officer Rostow Ravanan have taken the battle to the public with a joint press conference and emotional posts on the social media. But L&T remains undeterred and managing director and chief executive officer SN Subrahmanyan has offered to allow Mindtree to keep its separate identity for “some time to come”.Even as L&T is expected to come out with a detailed public statement (DPS) on its takeover bid, Mindtree chairman Krishnakumar has demanded that the company founders would like to know the “contours of independence” that L&T would offer Mindtree. The Mumbai-based conglomerate has already made clear its decision to retain Mindtree as an independent listed entity. “I don’t know what the contours of the independence are. It is difficult to make a (judgement) based on a press statement,” Economic Times quoted Krishnakumar as saying. He claimed that the board of the 20-year-old company is “aligned to the logic” of the promoter group.The promoters jointly hold 13.32 per cent stake in the company, while L&T has already bagged 20.32 per cent stake form Café Coffee Day (CCD) founder VG Siddhartha. L&T, which already has its subsidiary L&T Infotech operating in the same market space as Mindtree, has made two open offers for accumulating 66.41 per cent stake in the company.Management experts, however, consider the emotional reaction of the Mindtree founders uncalled for, according to a report on Quartz website. “Part of managing a business as large as this is agility in dealmaking… the management have shown poorer acumen than one expects from professionals of their calibre,” Vivek Durai, founder of business intelligence platform Paper.VC told the website in an email. “They have also shown an amazing lack of ownership and foresight repeating exactly the same mistake as (Infosys founder) NR Narayana Murthy by passing the baton forward from one founder to another. A silly tradition that should never have started in a company that promotes meritocracy.”On March 19, Bagchi quit as head of Odisha Skill Development Authority (OSDA) and returned to Mindtree to lead the fight against the takeover bid. He tweeted, “Mindtree has not been designed as an ‘asset’ to be bought & sold. It is a national resource. It has a unique culture that humanizes the idea of business. It sets the standards of corporate governance. I need to be there in its time of difficulty. Hence the hard decision to return.”Quartz writes Bagchi’s interference is reminiscent of Murthy’s April 2017 outcry over the salary of then-Infosys CEO Vishal Sikka and the hefty severance packages doled out to former CFO Rajiv Bansal and former chief compliance officer David Kennedy. By August, Sikka had quit and co-founder Nandan Nilekani returned after a gap of eight years as non-executive chairman to stabilise the leadership churn. Mindtree board is preparing for a pitched battle in case of a hostile takeover attempt by Larsen & Toubro (L&T) that is in talks to buy up the entire stake that Cafe Coffee Day founder VG Siddhartha controls, making possible an open offer with possibility of a management change.mindtree.com
A Dhaka court on Sunday sent opposition Bangladesh Nationalist Party (BNP) leader Joynal Abdin Farroque to jail when he surrendered before it in four arson cases filed with Paltan police station in 2015, reports UNB.Metropolitan magistrate Nurunnahar Yasmeen rejected the bail petitions filed by the BNP leader.However, the court granted him bail in two other arson cases.All the cases were filed with the Paltan police station against Farroque during the countrywide blockade enforced by the BNP-led 20-party alliance in 2015.
In the past, IT was often viewed as a cost center. But today’s IT professionals are business-savvy executives responsible for bottom-line results. They are important members of the corporate management team, tasked with improving productivity and efficiency. However, many CIOs may be surprised to find a significant business loss caused by their own departments.For example, a CIO at a company with 500 employees can potentially recover more than $100,000 per year, according to our study, by asking six key questions and making simple changes that often require zero development costs. They’re easy fixes that many IT professionals may be overlooking.Related: Sneaky Recurring Contracts: 10 Common Ways Your Business Is Getting OverchargedHow does your company compare? Run through these questions and find out.1. Approximately what percentage of your workflow is paperless?A self-assessment tool for small-to-medium business users offered by Brother International Corporation has shown that paper is still critical to business operations in most industries. On average, only 36 percent of respondents are utilizing paperless workflow.While paper will likely never go away entirely, businesses can utilize technology to help reduce the paper, increase efficiency and minimize printing-related costs. To potentially do this, consider adopting electronic document capture and sharing, enabling mobile-based printing and scanning, leveraging cloud-based services and moving to sustainable/“green” printing.2. Do you currently utilize output management software to help secure, redirect or track print jobs in your office?The data collected from the Brother self-assessment tool shows that only 19 percent of businesses are making use of these valuable tools. Output management software can help you control costs and reduce paper usage. An InfoTrends whitepaper titled “Device Underuse and Unbalanced Fleets” reports that organizations can maximize cost savings and productivity through print management/cost recovery solutions to automate a range of print, copy and scan tasks, including activity tracking, cost allocation, quota setting/enforcement, secure printing, job redirect and reporting.Industry-specific solutions are also available. For example, healthcare organizations can deploy software that securely integrates printers with electronic medical records or claims management systems, enabling jobs to be properly transmitted to the appropriate repositories.3. How many pages does your organization print per month?InfoTrends research shows a steady decline in printing, which can be attributed to a number of factors. Many employees choose to work from smartphones and tablets rather than from printed documents. Most print jobs are now five pages or fewer, and the decline in print volumes will persist as more operations move from paper to digital. This knowledge can translate into big savings for your organization.Here’s a trick to aid in improving your bottom line: Many multifunction printers are capable of printing at least 100,000 pages per month. However, many businesses typically print no more than 10,000 pages per month. For businesses committed to a common 100,000-page per month contract, this 90 percent underutilization wastes valuable capital. Determine your organization’s print volume and recalibrate to match the needs and help curb the monthly losses.Related: 10 Essential Startup Expenses, and 10 You Should Avoid4. Which best describes your current printing environment?It is printers for every desktop; a mix of desktop printers, shared printers and standalone copiers; or primarily a shared standalone printer/copier?The ideal solution is a mix of desktop printers, shared printers and standalone copiers. Current Brother self-assessment results show that 18 percent of companies provide a printer for each employee and 25 percent have a mix. However, more than half (57 percent) rely on a shared standalone printer/copier — a strategy that may kill productivity and hurt the bottom line.5. What is the approximate number of printers and printer/copiers in use at your company?To optimize productivity, maintain a worker-to-device ratio of approximately eight to one. A survey conducted by Clarus Research Group reveals that workers with more shared printers are also more digitally engaged. A greater number of these respondents say their companies encourage the use of digital documents, use multiple screens, find reading on screen easier, use more mobile devices than they used to and are more environmentally conscious.Those that have centralized printers are more than two times more likely to say their company printers take too long to finish printing jobs. But just adding more printers won’t solve your challenges.6. What’s the average distance an employee needs to walk to use a standalone printer/copier?Printer placement is the most critical step in maximizing your cost savings. InfoTrends data shows that poor allocation of office devices is a drain to corporate profits, wasting more than 4,000 hours and nearly $130,000 per year in long walks to and from copiers and printers. The solution? Make sure you have one printer within 25 feet of every workgroup.The Clarus survey shows that trips to the printer can also be a significant drain on productivity. Non-work conversations at the printer are 98 percent more likely to result in stops to other colleagues’ desks to chat about personal things, but only 28 percent more likely to chat about work.In fact, 61 percent of employees have conversations at the copier/printer vs. just 31 percent who have conversations at the water cooler. This wasted time could be costly to SMBs. As the CIO, you can easily mitigate these business losses with more appropriate device allocation.Many IT leaders overlook office devices when optimizing for cost and efficiency. If your company is like most, your printers may be too big, too far away and too expensive. A balanced deployment strategy the results in right-sizing your printer fleet can help you save time and money, and it’s surprisingly easy.A number of free resources are available to guide you through the process and help improve the bottom line. For a more in-depth assessment of your organization’s challenges, along with custom recommendations, use the free Brother self-service assessment tool.Related: Broken Tech: Should You Fix it or Replace it? (Infographic) May 21, 2015 This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Enroll Now for Free Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Opinions expressed by Entrepreneur contributors are their own. 6 min read