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You might remember our report from earlier this month showing a 3G-enabled MacBook Pro prototype with a raisable antenna being sold on eBay. According to CNET, an Apple Store Genius Bar refused to fix the prototype laptop, and now Apple says they want it back.
Desktop scanners can be important tools for processing and organizing information, and Fujitsu’s ScanSnap S1500M has been one of the most popular desktop scanners for the Mac for quite some time. Read on for my complete analysis.
It looks like the folks in Cupertino have done it again, with Apple just having announced their newest and smallest Mac ever – the MacTini! While this is clearly not a really product, it nevertheless provides a few laughs.
Sonnet has just announced a nifty and dreadfully useful new adapter for the Mac that uses a Thunderbolt connection to allow users to plug in and use ExpressCard/34 devices!
The dust has yet to settle on Steve Jobs desk but that hasn’t stopped Tim Cook from innovating with the Macbook Air. One of the things I didn’t like about the Macbook Air in the Jobs era is the statement that it’s lighter than air – obviously it wasn’t. It looks like Cook has fixed that.
Many have wondered whether Apple’s new Thunderbolt I/O technology would ever really take off, considering that it only works with a small number of expensive devices, but shipping times at the Apple Online Store indicate that Thunderbolt is a real hit with Apple customers.
New research brought to light by Chikita Insights shows that, for the month of August, usage of Microsoft Windows dropped almost a full percent while Mac OS X and iOS usage increased.
The new UDA2000 adapter from Cirago is a usefully new tool that will enable you to convert any USB 2 port into an HDMI video out capable of connecting to a display, HDTV, projector, or so forth.
Autodesk, developers of AutoCad, SketchBook Pro and other apps on the Mac App Store have just released a new free app, Motion FX, which allows users to apply a variety of real-time special effects to videos.
Apple has just released a new update to their Boot Camp software for Windows. The update is said to include several critical big fixes, as well as hardware support, and is recommended for all users of Boot Camp 3.2.
Apple has just released iMac Graphic Firmware Update 3.0, a brand new firmware update that aims to address an issue where some user’s Mac’s would hang/freeze up under OS X Lion.
Everyone who’s used a Mac for very many years is likely familiar with the kernel panic – that awful translucent curtain that lowers itself across your screen, instilling fear and dread into even the strongest of Mac-loving souls.
Sleipnir, a long-time popular alternative web browser for the iPad, has finally come to the Mac, bringing with it a number of very interesting new features, including a unique interface, group tap management, and the ability to sync with Sleipnir for iOS.
The recent East Coast earthquake that caused the evacuation of the 5th Avenue Apple Store acts as a convenient backdrop to a cool new app from Suitable Systems called SeisMac, which uses your MacBook’s various built-in sensors to monitor vibrations and display them in real-time.
Apple’s newly-refreshed MacBook Air, which they released last month, has been selling so well that it seems Apple can’t make MacBook Airs fast enough to keep up with retailers’ demands – a good sign, but frustrating for those that’ll have to wait.
Following earlier reports suggesting that Apple may be releasing a brand new Mac that’s very different from current products, Intel confirms that they’ve been hearing rumors that Apple might drop Intel as well.


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O'Key raises USD420 million in IPO
Russian grocery retailer O'Key has raised USD420 million in its initial public share offer. O’Key and existing shareholders sold 31.1 million global depository receipts for USD11 a share. The company will receive net proceeds of USD161 million, of which it plans to use up to USD149 million to finance further expansion of its O’Key hypermarket and O’Key Express supermarket chain in Russia over the next few years. The remainder will be used for general corporate purposes. The retailer also plans to temporarily use a portion of the net proceeds to reduce its outstanding short-term debt. The sale values the company at USD2.95 billion before unconditional trading begins on 5 November, even though the stock fell from the initial price of USD11 to USD10.88 in conditional trading.
It has also been revealed that on the eve of its IPO, O'Key agreed to sell to shareholders real estate and plots of land for about RUB3 billion (USD97.1 million), despite the assets' value on the company's balance sheet being RUB5.66 billion (USD183.3 million). O'Key agreed to sell several assets to companies controlled by its shareholders, according to the company's IPO prospectus, a copy of which was obtained by Vedomosti. The deal includes three empty plots of land, two unfinished shopping centres and three operating stores, as well as several companies with no assets but a debt to the group of RUB646 million (USD20.9 million), the prospectus said. No further details on the assets were given.
Какие офлайн-магазины будут востребованы?
С начала года прослеживается тенденция по выходу из бизнеса региональных сетей под давлением федеральных ритейлеров, причем как в продуктовом сегменте, так и в DIY, и в сегменте детских товаров. ...
Новые модели взаимодействия с покупателями

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Transcript for Online sales records smashed over Thanksgiving weekend
Now to the holiday shopping frenzy. Fewer people going to stores, a lot more money being spent online. Rebecca Jarvis joins us now. Good morning, Rebecca. Reporter: Good morning to you, robin. The store fronts look lovely, but shopping in stores is falling dramatically over the Black Friday holiday. In store shopping fell by more than 52% as people decided to go online instead. Online shop they did. Up more than 21%, $9 billion spent online, one of the biggest shopping days ever. Expectations are that will continue. Also the amount of shopping happening inside small boutique retailers, the small businesses need business right now. The good news is a lot have moved online. You can shop your favorite small That is great news. Shop small. What were the top sellers? Reporter: Toys, electronics, air pods and air fryers. The expectations are the sales online will continue today. It is cyber Monday. It's expected to top expectations and people go online and shop more. What's interesting is that those impulse purchases, those are the things that might not be happening online because it's easier to abandon the cart robin? Speak for yourself. I'm not sure it's easier. Okay, appreciate that so much, Rebecca.
This transcript has been automatically generated and may not be 100% accurate.


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When Petaluma firefighter and paramedic Kevin Larson isn’t battling blazes throughout the city, he’s hard at work brewing up some ice cold suds in his west Petaluma garage.
Like many other local homebrewers, Larson has aspirations of opening his own Petaluma brewery where he can showcase his beers that are named after areas along the North Coast. He’s dedicated hours to crafting his “Goat Rock IPA,” which he’ll pour at Saturday’s Sonoma County Home Brewers Competition alongside about 40 other brewers thirsty for the opportunity to brew their winning recipe at 101 North Brewing Company.
In its third year, the event pays homage to a thriving homebrew culture embedded within the city’s larger craft brewery metropolis. Many of Sonoma County’s specialty breweries have been born from garages or backyards, where home brewers cut their teeth before commercially marketing their beer, according to industry experts.
Larson began handcrafting his own libations as a hobby with his father, but things got more serious about eight years ago, when he began to build a custom set up while experimenting with creating new recipes and types of beer. He last year participated in the former Petaluma Hills Brewing Company’s Homebroots program, where he created a batch of “Cherry Street Wheat” alongside brewmaster JJ Jay. He’s gearing up to open his own Coastal Acres Brewing Company, and is searching for financial backing and a commercial space.
For Larson, brewing is a passion.
“The best part is when someone who has never had my beer before tries it and I see their face and they say ‘Oh wow, you made this?’ It’s a pretty exciting thing to see someone enjoying your beer,” the 37-year-old said.
He’s also participated in the Santa-Rosa based Sonoma County Beerocrats club, which hosts a medley of events and competitions for home brewers. The three-decade-old club, one of the longest-running in the state, includes a handful of members from Petaluma, President Ron Slyh said. The home brewing culture in Petaluma and the greater Sonoma County has been heavily influenced by a deeply-rooted beer culture, Slyh said.
“This area up here in Northern California has a history in hop production years ago, and some of the first craft breweries started up in this area,” Slyh said. “Not many still exist today, but they were the ones that really fired people up like Sierra Nevada and even Lagunitas to start their own breweries.”
Homebrewers from the 100-member club have gone on to open their own brick-and-mortar establishments across the county, including Cotati’s Grav South Brew Co., Slyh said.
Meanwhile, Petlauma has earned a solid reputation for its brews — with the flagship of Lagunitas Brewing Company as well as a number of other local taprooms, Petaluma-based beer writer Ken Weaver said.
“Petaluma is incredibly strong in terms of beer and has a hugely supportive environment,” he said. “People support those breweries and they’re really into this work. Having Lagnuitas here has sort of established Petaluma as a brewing town and a place where this stuff happens. That’s sort of elevated Petaluma a lot in people’s minds.”
A 2013 bill championed by former Sen. Lois Wolk, whose district included Petaluma, made it easier to create and share homebrewed beer and wine. The Petaluma Downtown Association, which created the first homebrewing competition shortly after the bill’s passing, honored Wolk with a commemorative beer stein Wednesday, according to Executive Director Marie McCusker.
Sonoma County Home Brewer’s Competition
What: Petaluma Downtown Association’s fundraiser featuring homebrewed beer, food trucks, live music and a cheese and chocolate paring. The event is 21 and over.
Where: Scott Street.
When: Noon to 6 p.m., Oct. 7
How much: Presale tickets are $35 while admission is $45 on the day of the event. Advanced designated driver tickets are $15 and $20 on the day of the event.
More info/tickets: Visit petalumadowntown.com. Tickets can also be purchased at the 101 North Brewing Company at 1305 Scott St. or the Petaluma Visitor’s Center at 210 Lakeville St.


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What to see and do at Index 2021: from zero-waste furniture to underwater photography
The three-day interior design trade show has kicked off with a slew of activities and installations
Whether you’re well-versed with the art and design scene or looking to learn something new, it appears that Index, the interior design trade show, has something for everyone.
The three-day event kicked off on Monday at Dubai World Trade Centre and will continue until June 2. This year marks the 30th season of the trade show, as well as the first in-person interiors event held in the city since 2019.
Designed to connect professionals in the industry, the fair offers insights on trends as well as access to seminars, new products and exhibits.
Thinking of checking it out yourself? Here are some activities to take note of.
Rethink – A 'Material' Experience
Colab, a material library in Dubai Design District, will exhibit an experiential space called Rethink. It will feature 150 creative materials with the aim of “educating and inspiring” the design community to expand their options. The aim of Rethink is to highlight ways of working with new and existing materials with a focus on sustainability and cutting down waste.
Products that celebrate UAE culture with Tanween by Tashkeel
This exhibit aims to celebrate local design by featuring products that are unique to the cultures and traditions of the UAE and the wider region – from the dhow builders of South Asia to Al Sadu weavers in Abu Dhabi. Tanween will present products that are both innovative and functional, while also merging ancient designs, styles and techniques.
The Index Design Talks
Throughout the trade show, 50 expert speakers will be sharing insights on the industry and its trends and challenges. Chaired by Esra Lemmens, design strategist and global design consultant, there will be 15 sessions taking place over three days. Some top speakers include Paul Bishop, Pallavi Dean, Kevin McLachlan, Andy Shaw and Kate Instone.
Zero Waste furniture
Visitors at Index 2021 will be able to explore a zero-waste exhibit by the University of Sharjah's College of Fine Art and Design. Check out furniture pieces created with recycled materials collected by students, in collaboration with Bee'ah waste management company. The pieces are inspired by the local sand dunes of the Emirates and showcase how waste can be repurposed into everyday items.
Ethereal underwater photography by Christy Lee Rogers, presented by A Gallery
A Gallery will showcase contemporary photography and film by award-winning visual artist Christy Lee Rogers. Rogers has been commissioned by brands such as Apple and Lavazza in the past, and is considered one of the most prominent underwater photographers of our time.
Moog, a new brand by 'resin queen' Dina Khataan
Dina Khataan, known for her bold and dramatic work with resin, will be launching her new brand Moog at the trade show. The artistic design house celebrates "masterpieces that communicate", with visitors able to preview the furniture pieces on site.
A show by the Funun Arts Creativity Hub
The UAE art community has created an immersive experience, inviting visitors to meet its creatives and explore abstract modern art, photographs, wall art, sculptures and paintings. The platform will also launch its Ocean series, showcasing shades inspired by the Arabian oceans, while artists from the non-profit will also be creating live paintings during the show.
Check out a stylish majlis
The majlis has long been a symbol of Middle Eastern culture, and interior brand Sahzade Sedir will pay tribute to the tradition with a very specific style. Commonly referred to as “Sark Kosesi”, this majlis features local and natural motifs and a combination of modern and traditional designs, in a setting adaptable for modern homes, workspaces and public facilities.
Index takes place from Monday to Tuesday from 11am-7pm; and on Wednesday from 11am-5pm; entry is free but online pre-registration is required; indexexhibition.com
Updated: May 31, 2021 02:36 PM


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Danish brewer Carlsberg has increasing a interest in Russia’s largest drink writer Baltika from around 85 percent to 96.77 percent after intentional acceptance of an offer by shareholders, Baltika pronounced on Tuesday.
Carlsberg done a offer to Baltika’s minority shareholders to squeeze a remaining batch in May. The understanding was approaching to cost $1.15 billion.
“Until Aug 24, 2012, a Registrar continues to send shares according to perceived applications, after that until Sep 8, 2012 a shares will be paid. When a procession is completed, Carlsberg intends to launch a mandatory squeeze of a remaining superb shares in Baltika Breweries,” Baltika pronounced in a statement.
“100 percent tenure will concede Baltika to turn some-more entirely integrated into a Carlsberg Group that will concede it to advantage from a array of initiatives and opportunities. If Carlsberg is successful in achieving 100 percent tenure of Baltika, Carlsberg confirms a goal to deposit some-more in Russia,” a association said.
Baltika has dominated a domestic drink marketplace given 1996, now enjoying a reported 38 percent marketplace share. It has 10 breweries opposite Russia, and has a marketplace participation in 70 countries.
Baltika is a central drink retailer to a Sochi 2014 Winter Olympics.


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Barnes & Noble Pulls Penny Marshall’s Book
A directive from Barnes & Noble to its retail outlets has instructed them to pull Penny Marshall’s new release, “My Mother Was Nuts,” from their shelves, Publishers Weekly reports.
It is not the content of Marshall’s memoir, but the publisher from whence it comes that offends the policy of the bookselling giant. The print edition is published by New Harvest, an imprint of Houghton Mifflin Harcourt, which distributes titles published electronically by Amazon Publishing.
In January, Barnes and & Noble announced its “decision not to stock Amazon published titles in … store showrooms,” in a statement quoting chief merchandising officer Jaime Carey. The decision was “based on Amazon’s continued push for exclusivity with publishers, agents, and the authors they represent,” The New York Times recounted.
A report by Melville House’s Kelly Burdick seemed to contradict that policy when Burdick found Marshall’s book on the shelf of a Manhattan Barnes & Noble store.
Following the discovery of the New Harvest book on bookshelves, Barnes & Noble “told any of its stores that have stocked Penny Marshall’s ‘My Mother Was Nuts’ to remove the book from shelves,” according to Publishers Weekly.
Banned Books Week Puts Spotlight on Censorship
The American Library Association (ALA) kicked off its annual Banned Books Week on Sept. 30, “celebrating the freedom to read.” Marking its 30th anniversary, the awareness effort includes a “virtual read out” in which participants create YouTube videos in which they read excerpts of banned or challenged books and share information about why the book was considered controversial.
The most frequently banned books listed on the organization’s website include such familiar titles as “Harry Potter,” “Of Mice and Men,” “The Color Purple”, “The Adventures of Huckleberry Finn,” and “Brave New World.”
Paramount Can Make More ‘Godfather’ Films
A federal court ruled last week on a countersuit made by the estate of “Godfather” author Mario Puzo against movie studio Paramount Pictures. The ruling confirmed that the contract between the author and Paramount providing film rights to “Godfather” books would not be cancelled as the estate wished, according to The Hollywood Reporter. Questions regarding other elements of the contract between the two entities remain, however, as the lawsuit presses on.
The Epoch Times publishes in 35 countries and in 19 languages. Subscribe to our e-newsletter.


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SAN FRANCISCO (MarketWatch) — Shares of Nvidia Corp. surged Tuesday after an analyst upgrade pointed to positive trends for the chip maker in the personal-computer market.
“We believe that in the near term a seasonal lift in PC-related chip demand and beyond that a recovery in the consumer PC end market could be positive catalysts for Nvidia’s stock,” Wong wrote.
Wong specifically cited the company’s market share gains in its core PC graphics chip business, particularly in notebooks. Some analysts had raised concerns that Nvidia was losing share in its core business as it focuses on the mobile computing space with its Tegra products.
But Wong noted how Nvidia has seen its share in the notebook market grow in recent quarters to about 50%.
“This appears to be mostly a reversal of market share losses for Nvidia in 2010, but nevertheless we consider the positive trajectory of notebook market share to be a good thing for Nvidia,” Wong wrote. “Nvidia’s desktop market share appears to be stable at the moment at about 60%.”
But Wong also pointed to risks Nvidia faces, citing “substantial uncertainty” in consumer-PC demand. He also highlighted stiffening competition in both the PC market and the market for tablets and smartphones.


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UpdatedApple's latest macOS Sierra continues to evolve ahead of its official release.
UpdatedApple's iOS 10 is the latest software upgrade for your iPhone or iPad, and the public beta can be downloaded today.
Stock Android is great, but it could be even better if it took some learnings from HTC's impressive overlay.
OK, for some people TouchWiz is far from their favorite interface, but there are at least five things we wish Google would steal from it.
UpdatedApple and Spotify are at odds over everything from the App Store to artists. Here's what it means for you.


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Eyes on Animals’ efforts to reduce animal suffering in slaughterhouses in Turkey will be part of a documentary, 37 Grad, to be aired on the German channel ZDF.
Since the filming of this documentary, Eyes on Animals convinced 2 cattle slaughterhouses in Turkey and an influential Religious group in Turkey to accept stunning. At both plants we have now successfully installed stunners (one is equiped with a pneumatic stunner and the other with a captive bolt stunner) and they are in use. But this is after years of intense meetings, trainings and negotiations. It is sadly still just a drop in the bucket. The meat and dairy industry are the big players and responsible for these problems, they should not rely or expect NGOs to do the hard work. They must stop exporting and instead invest in completely cleaning up the problems first. We are relieved to finally see that more and more European farmers are becoming aware and angry too. Some dairy farmers are even admitting now that the only way forward is to change the dairy system from within by keeping all calves in the herd, on the farm, instead of selling them to traders that export them under horrific conditions all over the world.


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The RICS said on Thursday that 43% of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn
Britain’s commercial real estate sector is entering or might already be in a downturn, according to an industry survey, as higher interest rates push up investors’ financing costs and weaker consumer sentiment hurts demand for retail space.
The Royal Institution of Chartered Surveyors (RICS) said on Thursday that 43% of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10% thought it was in the middle of one.
By contrast, three months ago 53% said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22%.
The gloomier macro outlook appears to be dampening sentiment across the commercial real estate market, RICS economist Tarrant Parsons said.
Given interest rates are set to rise further from here, it appears the market may be at a turning point, Parsons said.
British consumer price inflation hit a 40-year high of 9.4% in June, and financial markets expect the Bank of England next week to raise interest rates by half a percentage point to 1.75%, which would be the biggest rate rise since 1995.
Markets price in BoE rates hitting 3% by early 2023 and RICS said credit conditions for property investment were now tougher.
This appears to have dampened momentum behind investor activity in particular, with headline capital value projections turning flat on the back of this, it added.
Capital values were projected to fall outright for retail space, which is bearing the brunt of the cost-of-living squeeze. Demand for office space was levelling off – especially for second-tier locations – while the outlook for industrial sites such as warehouses remained strong, RICS said.


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Shopping via mobile devices in the UK has reached a critical maturity that retailers must prioritise effort and investment in mobile to create richer, more seamless experiences, according to the latest instalment in the Tryzens Expert Research series.
Published just before mobile jamboree Mobile World Congress kicks off in Barcelona, Mobile First! Rethinking eCommerce for the always-on ‘Generation Consumer’, found that 75% of UK consumers now own a smartphone, and 61% own a tablet/iPad. 24% of respondents cited that they prefer to make their online purchases via a smartphone or tablet over other devices, such as a laptop. Women were 50% more likely to use a mobile compared to men to complete a purchase online. The research also revealed that social networks and retailer-specific shopping applications were seeing increased consumer engagement, representing a growing share of user shopping activity that aligns with the mobile experience.
These findings echo IMRG in 2016, which found that smartphones and tablets exceeded half of traffic to online retail sales; in February 2017, smartphone sales pulled ahead of tablets, growing 57% year-on-year to account for 54% of all sales made via a mobile device.
According to Tryzens’ CEO, Andy Burton, the inflexion of online behaviour to smartphones from laptops has already happened, and the smartphone has established itself as the “Swiss Army Knife” of today’s digital citizen.
He says: “With consumers spending more and more time on their smartphones, using them to bridge their interaction with every aspect of life, including a growing preference for shopping online, retailers are compelled to change the way they design eCommerce customer experiences. The advances in smartphone technology, and the digital transformation of retail business systems has enabled users to have richer, easier, more seamless omni-channel shopping experiences via the convenience of a mobile device. The more exposed shoppers become to these experiences, the more heightened their expectation of a similar experience from all of the brands they buy from.”
Burton continues: “By adopting ‘mobile first’ thinking, retailers design the user experience from the mobile device point of view before looking at the desktop, laptop, or any other device. What is very important to note here is this isn’t just about screen size, or responsive design. This is equally about understanding the ergonomics of a largely thumb-based interface. It is also about rethinking the basics like simple navigation, search and checkout and the many other opportunities for reducing friction in the shopping and purchasing process.”
“Looking ahead, ‘mobile first’ is going to support a much more multi-channel proposition for both the retailer and the consumer, leveraging mobile features such as location data, the camera, biometric identification and social media integration for a broader, but unified, channel experience. Equally, as retailers look to differentiate and drive loyalty many will reach a commercial tipping point where an application may also present an arguably richer complementary experience for their regular customer. This will increase the opportunities for personalisation of content, and where the online experience is closely curated to the brand, store (where relevant) and customer service experience.”
“Our findings clearly support other research in the market, such as IMRG. But what is interesting is that as mobile device penetration continues, consumer buying patterns and behaviours also change. Over half of all traffic to retail sites today is done on a handheld and that should come as no surprise when you consider that consumers now spend 60% more time on their smartphone than any other device! As a result browsing, buying and payment patterns are dramatically changing which is in turn leading to exponential increases in those apps that facilitate and speed up the checkout process. For retailers this is a game changer and they have to adapt or die: the new game in town is Mobile First!” concludes burton.


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The Boston Globe wants to open up a new line of business: selling domain names.
The Globe is among a number of organizations that are vying for a new series of web suffixes like .yoga, .android, .hockey and .kindle. The Internet Corporation for Assigned Names and Numbers, the group responsible for deciding who gets to run these new domains, released its list of more than 1,900 applications today. On that long list of tech companies (Microsoft, Amazon, Google), retailers (Walmart), and companies of unknown provenance (lots of them) was the Globe, which wants to own .boston.
If the Globe is successful — and it’s the only entity seeking .boston; nine are going after .book — it would have the ability to sell domain names like (say) niemanlab.boston or redsox.boston. In its application, it says it would reserve certain addresses like (police.boston, mayor.boston, visit.boston) for the city and offer “a reduced rate” to community groups. (No details on pricing.)
For some businesses on the ICANN list, securing a TLD — top-level domain — is a defensive move to protect the brand (i.e., it’s in Amazon’s interest to secure .kindle). But for the Globe, the move is a mix of local boosterism and the eternal quest for revenue. If you’re a Boston company looking to get fancy with its web extension (gillette.boston? newbalance.boston?), the Globe would be the place to go. That’s important because ownership of .boston won’t come cheap: An approved application costs a non-insignificant $185,000. (The Globe would contract out to OpenRegistry to run the back end.)
When I spoke with Jeff Moriarty, vice president for digital products at the Globe, he said .boston domains would be an extension of the Globe’s mission to provide news and information for the city. “We’re really trying to think about ways we can make this .boston domain something that is good for the community, good for business, and really organize the local web in a new way,” he said.
Because they’re applying for a geographic domain the Globe had to ask (and was given) permission from the city. As they wrote in the application:
The .BOSTON TLD aims to become a new on line identity for the city of Boston, its inhabitants, companies, organizations and institutions, managed and supervised by The Boston Globe.
Given the fact that The Boston Globe (owned by Globe Newspaper Company, Inc.) has always been a major supporter of any activities being organized by or within the city of Boston, and provides up-to-date information to Bostonians and the world under its boston.com Web site, the city of Boston has provided a letter of support to TBG for the .BOSTON initiative. TBG’s Web sites currently receive more than 7 million unique visitors per [month], and have been in operation since 1995.
In a statement, Boston Globe publisher Chris Mayer said: “The Boston Globe sees the new domain extensions as a great opportunity to organize and promote Web sites for our innovative city and is pleased to have the endorsement of the City of Boston for this application. In the coming months, The Boston Globe and the City of Boston will release more details about our plans to manage the .boston Top Level Domain for the benefit of our city, its businesses, organizations and residents.”
If the application is approved, Moriarty told me the Globe would work with local groups interested in managing sites like northend.boston or dorchester.boston. “Town-name.boston or neighborhood name.boston — those are things we would look to work with communities on but wouldn’t operate,” he said.
“It’s obviously important for a business like ours to look for new opportunities and new ways to serve the community and businesses,” he said. “This is an opportunity to represent both.”
The Globe appears to be the only American newspaper to seek a TLD, but it’s not the only media company to submit an application to ICANN. Others include The Guardian (.gdn, .guardian, .guardianmedia), AOL (.aol, .patch), Sky (.sky) and CBS (.cbs, .showtime). (None of the applicants for .news seem to be news companies; no one bothered with .journalism.)
Newspaper companies are trying to find new ways to make money outside of advertising and circulation, and acting as a domain registrar could be a viable new source of revenue. That, of course, hinges on whether there are people interested in having a .boston site.
“It is different from what newspapers and media companies have done,” Moriarty said. “But we’re always looking for new opportunities,” Moriarty said.
There’s reason for some healthy skepticism there: Names tied to a city weren’t a big trend in the other ICANN registrants. (No one registered .chicago, .seattle, .dallas, .houston, .atlanta, .philly, or .denver. The City of New York is seeking .nyc.) And previous new TLDs haven’t exactly caught on — have you been to a .pro, .aero, or .coop domain lately? Large companies, in the name of brand protection, have often been willing to spend to buy up microsoft.everything or nike.everything. It’s unclear whether they’ll keep doing that in a world with almost 2,000 new TLDs. And the pricy quest for the perfect domain name has gotten less important in an age of Google search and URL shorteners.
Moriarty told me the Globe had plans for a number of .boston domains of its own: something like news.boston could be a possibility or, “something like common.boston that would be a forum or wiki of some kind.” But beyond that they would be open for business to any company (within reason) looking to take the extra step beyond .com. “You could see different destinations depending on how these new extensions take hold,” he said.
Of course, I had to ask whether they would apply it to either of their main news sites, which already suffer from a certain amount of brand confusion. “I don’t see Boston.boston, necessarily,” Moriarty said.
Learn more about The Boston Globe


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The expansion of the final Path of Exile 3.13 game has been delayed until January because, as the developers explain in a new blog post, the original release date now coincides with the new Cyberpunk 2077 release date.
"Yesterday, CD Projekt Red announced that Cyberpunk 2077 will now be released on December 10 ," wrote designer Chris Wilson in a new blog post. "We don't want to put our players in the position of having to choose between these two games, so we decided to get out of the way and postpone the release of Path of Exile 3.13 until January."
The original release date for update 3.13 was December 11.
Previously, we had a target for a December 11 launch date for our 3.13 expansion. Yesterday, CD Projekt Red announced that Cyberpunk 2077 will be released on December 10th. We decided to postpone the release of Path of Exile 3.13 until January. https://t.co/Jw7PXnd4Bf pic.twitter .com / sL3npV4eH6
– Path of Exile (@pathofexile) October 28, 2020
Wilson says the team from development still expects Path of Exile 3.13 to be completed early by mid-December, but the team will begin work on expansion 3.14 during the month of delay.
Grinding Gear Games will hold a multi-week event for Path of Exile players during the Christmas and New Year holidays as a replacement for the planned expansion.
The developers also warn that the delay will have a slight domino effect and will "probably" cause the release schedule to change slightly during 2021 to accommodate the delay.
Meanwhile, the shockwaves of the latest Cyberpunk 2077 delay are still being felt, not at all by the CD Projekt Red social media team.
Matt T.M. Kim is an IGN reporter.


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“Why did you invest in gold? Are you living in the past?”
So begins a new national television advertisement that urges investors to dump gold and invest in bitcoin instead. “You see where things are going,” the voiceover declares. “Digital currencies like bitcoin are the future.”
The ad comes from Grayscale Investments, the crypto investment firm behind the publicly traded Grayscale Bitcoin Trust (GBTC), up 66% this year. Grayscale has $1 billion in assets under management and offers similar investment vehicles tied to bitcoin cash, litecoin, ethereum, Zcash, and others.
Grayscale’s parent company is Digital Currency Group, the biggest crypto venture capital fund in the world. DCG owns Grayscale, Genesis Trading, and the bitcoin news site CoinDesk, and has invested in more than 145 cryptocurrency startups, including Coinbase, Ripple, Coinlist, Circle, and Protocol Labs. Barry Silbert, who founded trading platform SecondMarket and sold it to Nasdaq in 2015, is the founder and CEO of both DCG and Grayscale.
Even though the TV ad ends by advertising the Grayscale Bitcoin Trust, Silbert says, “We do not see this as a Grayscale commercial. For us, #DropGold is our ‘Got Milk.’ This campaign is first and foremost focused on starting a conversation about bitcoin vs gold. If the ad makes people want to get into bitcoin, we’re completely indifferent about how they go about doing it.”
Silbert sees the campaign as something everyone in the cryptocurrency industry should rally behind, a form of “rising tide lifts all boats” thinking. Still, the ad ends with the narrator saying, “Go digital. Go Grayscale.”
The ad will begin airing nationally on linear cable and business news networks in the next week, plus on OTT streaming video platforms like Hulu.
Why frame it as bitcoin vs. gold?
Grayscale’s ad may leave viewers wondering, Why pitch bitcoin as a gold alternative? Gold is a physical commodity with hundreds of years of history; bitcoin is a digital currency created in 2009 that few Americans understand.
Silbert says it’s a response to long-entrenched framing of gold as an investment class. “There has been a very strong marketing push from the gold industry that gold is the only and the best store of value in periods of economic uncertainty,” he says. “That may be true. But now you have bitcoin, which, in our opinion, provides all the same attributes as gold—it’s fungible and scarce and you can’t counterfeit it—but the big difference is that bitcoin actually has utility. Gold doesn’t have much utility beyond jewelry. And gold doesn’t have the accessibility. Anyone with internet can access bitcoin. So what bitcoin may lack in history, it more than makes up with utility and accessibility.”
Of course, very few mainstream retailers accept bitcoin as payment. But using bitcoin to pay for goods is not what Silbert means by utility.
“We’re not making the pitch that you should buy your coffee with bitcoin,” he says. “We are saying that bitcoin is better at doing gold’s job than gold has been in the past few decades. We believe that in the long run, bitcoin will be a better store of value than gold.”
The ‘store of value’ case
That argument may not carry much weight with crypto critics. Bitcoin is indeed up 113% over the past two years, while gold is up just 2.5% in that time. Bitcoin believers also like to point to how much the coin is up over a much longer period: 1,130% in the past five years. But the “store of value” argument wasn’t so convincing for bitcoin in 2018, when it fell more than 70% in value.
Silbert acknowledges that bitcoin’s volatility has concerned mainstream investors. But he’s confident bitcoin will prove itself as a store of value, and sees that use case—not its use as a daily currency, and not even the much-hyped applications of the underlying blockchain technology—as the primary way to take it mainstream.
“I hope one day we’re using distributed ledger and blockchain to do all the things people say it will do,” Silbert says, “but there is still limited traction around the use of blockchain for anything other than speculative purposes. The store-of-value use for bitcoin is the best use case. So we are hopeful that the industry will embrace and get behind this.”
Daniel Roberts covers bitcoin and blockchain at Yahoo Finance. Follow him on Twitter at @readDanwrite.


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Centre lifts ban on exports of organic non-basmati rice
The government had, in early September, banned the export of broken rice with an aim to increase domestic availability.
Kanchipuram, Chennai top in export of musical instruments
India exported $22 million worth of musical instruments and their accessories in the first half of this financial year, as against $38.5 million in the entire 2021-22, as learning music became one of the most favoured hobbies across the world in the past two years when the Covid-19 pandemic forced people to stay indoors.
India's engineering goods exports to China fall 64% year-on-year, Europe by 23%
Out of 25 key destinations of India’s engineering exports, a decline was seen in the case of 19 countries during October 2022. Engineering exports to China stood at US$ 227.8 million in October 2022 as compared to US$ 633.8 million in the same month a year ago. India's engineering exports to the EU were US$ 1.26 billion in October 2022 as compared to US$ 1.64 billion in October 2021.
India likely to extend sugar exports by 2-4 mn tonnes this season, says ISMA
The Indian Sugar Mills Association (ISMA) on Wednesday said India is likely to extend the limit of sugar exports by 2-4 million tonnes in the 2022-23 season. The move will leave total exports at 8-10 million tonnes and below last year's level. India, which is the world's biggest sugar producer and the second biggest exporter after Brazil, exported over 11 million tonnes of sugar in the October-September season of 2021-22.
India-Australia trade pact to help boost garment exports: AEPC
Recently, an AEPC delegation participated in the International Sourcing Expo in Australia. Goenka said that the Australian companies are eagerly waiting to forge stronger ties and source garment and textiles products from India and this deal will be a shot in the arm for them. "AEPC will be facilitating the Indian companies to connect with the right partners through its export promotion initiatives," he added.
FTAs don't always promote domestic manufacturing or accelerate export growth: GTRI reportThe report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices.
India's overall foreign trade shows steady growthIndia's overall exports (merchandise and services combined) in April-October 2022 are estimated to be USD 444.74 billion, exhibiting a positive growth of 19.56 per cent over the same period last year. Overall imports in April-October 2022 are estimated to be USD 543.26 billion, exhibiting a positive growth of 33.80 per cent over the same period last year.
Exports indicate degree of integration with the global economy and levels of competitiveness: Montek Singh AhluwaliaAhluwalia outlined three broad determinants of trade policy which affect levels of India’s export competitiveness - how open the economy is, indicated by the prevailing levels of tariffs, the extent to which India is willing to be drawn in to Free Trade Agreements (FTAs), and its approach to Global Value Chains (GVCs).
Relief to exporters: Centre lowers export obligation for 192 products under key schemeIn a notification, the Directorate General of Foreign Trade (DGFT) said that its regional offices will re-fix the average annual export obligations under the EPCG scheme, which allows import of capital goods for pre-production, production and post- production at zero customs duty.
FTAs don’t weaken WTO, accelerate export growth, says think tank GTRIThe report also claims to dispel eight myths surrounding these pacts such as FTAs weaken the World Trade Organization (WTO), lead to accelerated increase in exports, promote domestic manufacturing, and that countries are rushing to do FTAs and such agreements promote investment and lower price.
India enters into deal for export of 35 lakh tonnes sugar so far in 2022-23 season: ISMAAccording to Indian Sugar Mills Association (ISMA), "As per port information and market reports, about 35 lakh tonnes of contracts for export of sugar have already been entered into so far."
India's April-October oilmeal exports up 38.45% to 19.84 lakh tonnesThe country's export of oilmeal, used as animal feed, rose 38.45 per cent to 19.84 lakh tonnes during the April-October period of the current fiscal on sharp rise in shipment of rapeseed meal, industry body SEA said on Thursday. The country had exported 14.33 lakh tonnes of oilmeal in the same period of the previous financial year
Binding commitments on new issues in FTAs may hamper India's exports in future: ReportThe report said that in the FTAs under negotiations, India is discussing many new subjects not directly related to trade. Most of these subjects are important and are being discussed in the specialised multilateral and regional institutions where most countries, including India, are active participants, it said.
India likely to import 64 pc less soyabean; nil soyabean meal in 2022-23: SOPAIndia's soyabean import is pegged lower by 64 per cent at 2 lakh tonnes in the 2022-23 season on prospects of higher domestic production, industry body SOPA said on Wednesday.
Robust exports help UP sugar mills fetch 10% premium in export quota saleThe 2022-23 sugar export policy announced this month allows a sugar mill to swap its export quota with the domestic sales quota of another sugar mill. Trade insiders said that though some exporters have purchased the export quota, others want the government to clarify if the policy allows for trading of the export quota.
US slowdown hits Noida apparel companiesNoida-based apparel exporters generally make fashionable apparels priced at $8-10 per piece, unlike Tirupur exporters who make basic items in the range of $4-5 per piece for overseas markets.
Under-invoicing of Chinese imports under taxman's lensCustoms authorities have issued notices to 32 importers from the last week of September for suspected tax evasion of about Rs 16,000 crore through under-invoicing from April 2019 to December 2020.
Rupee settlement allowed for international trade"Given the rise in interest in internationalisation of Indian rupee, the given policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian rupees," the commerce and industry ministry said, while announcing the change in the foreign trade policy.
FIEO sets $50 billion exports target for Bengal by 2030In the short term there are some challenges in exports from Bengal due to economic issues in the key neighbouring countries like Bangladesh and Nepal which are restricting the growth of exports from the state, FIEO director general & CEO Ajai Sahai told.
India allows cross-border trade settlements in rupees for export promotion schemes"The government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for international trade settlement in Indian rupees," the government said in a statement.
Indian sugar mills clinch export deals within days of government approval -dealersThe quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly and prop up domestic prices. India's approval came late on Saturday for the export of 6 million tonnes of sugar in the 2022/2023 marketing year that started on Oct. 1.
Exporters flag EU withdrawal of GSP and ocean freight taxIndia's goods exports growth has slowed to low single digits in the second quarter of FY23 and a contraction is expected in October and November.
Exporters face contract defaults by sugar millersIndian exporters had started contracting to export sugar from August onward, much before the government came out with its sugar export policy for 2022-23 this weekend, Mills had contracted to sell low grade white and raw sugar to exporters at ₹3,250/quintal to ₹3,500/quintal.
Rice export, coal import norms clarifiedAfter imposing a 20% export duty on non-basmati rice, the government on September 8 banned the export of broken rice to increase its domestic availability.
Electronics, petro goods, mobile phones drive H1 exports growthIndia's outbound shipments of telecom instruments rose 88.24% on-year in April-September FY23 at $5.03 billion while those of gold and other precious metallic jewellery grew 22.24% at $6.5 billion, buoyed by the consumer sentiment across the US, Middle East and Hong Kong.
Wheat export doubles to USD 1.48 bn in April-SeptemberThe commerce ministry also said exports of agricultural and processed food products rose 25 per cent during the six- month period of this fiscal year. The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to USD 13.77 billion in April-September 2022 from USD 11.05 billion in the same period a year ago.Load More
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EU Still Pondering Telecom Tax On ‘Big Tech,’ Despite Little Real Evidence Supporting The Idea
from the net-neutrality-redux dept
As the EU contemplates its digital policy trajectory for the next decade, the idea that “big tech” should pay “big telecom” for no coherent reason has also managed to unsurprisingly surface. The rhetoric, that “big tech” gets a “free ride” on the Internet and should therefore give telecom giants billions of dollars, directly mirrors the policy con telecom giants have been running in the U.S. since 2003 or so.
It basically always involves claiming that Big Tech “freeloads off of the Internet” and should be forced to pay telecom giants billions of dollars simply for the honor of having their traffic touch ISP networks. To justify this mindless cash grab, telecom executives routinely try to pretend that streaming video imposes an unfair strain on their networks that they should be additionally compensated for.
It’s basically net neutrality redux, with entrenched telecom monopolies trying to leverage their gatekeeper power to force other companies to pay even more money for broadband service that’s already routinely too expensive thanks to regional monopolization.
Spanish ISP Telefonica, for example, recently penned a piece in the European press trying to claim that streaming demand was driving them to poverty, thus justifying the need for the EU to impose a new telecom tax on all streaming providers and large tech companies if we want telecom networks to function:
Telecom companies are shouldering alone the needed investment to address this increasing traffic demand, financing expansion of network capacity and coverage exclusively from revenues coming from broadband connectivity and other services provided to end-customers. OTTs (Over-The-Top) platforms, who do not compensate network operators for the cost of delivering the traffic to end customers through the operators’ networks, have a business model where profits increase by delivering more traffic, thus further reinforcing Internet traffic growth pattern and mounting pressure on network investments.
The problem? The claim isn’t true. At any level.
For one, whether it’s the U.S. or the EU, nobody gets a free ride from telecom companies. Telecom monopolies have effectively gutted competition in countless global markets, driving up costs for customers and businesses alike. They’re also hilariously and incompetently slathered with subsidies to “bridge the digital divide,” only to then be busted routinely for subsidy fraud.
At the same time, the Big Tech companies being accused of getting a “free ride” not only pay telecoms for bandwidth, but they routinely deploy their own content delivery networks, transit networks, undersea cables, and billions in additional infrastructure, all intended to improve performance and help handle the load.
As for the claim that streaming meaningfully taxes well-built telecom networks, that’s simply not true either. Telecom expert Rudolf van der Berg, for example, wrote a good piece dissecting telecoms’ claims and found them, well, lacking:
Telecom operators spend their capital investment on infrastructure – like cell towers, fibre optic cables, routers, modems, and data centres – in order to connect people to broadband networks and extend 5G coverage. Furthermore, 70-80% of their capital investment goes to assets that will last for 30 years at least. The remainder is for equipment that is upgraded every five to 10 years for better and faster services. ETNO’s demands for “fair share” payments basically mean they want CAPs to cover 60-70% of their total network costs, while at the same time already charging consumers for those very same networks.
Ever since the net neutrality debate began, telecoms have been trying to claim poverty and insisting they’re just somehow owed billions of additional dollars beyond the significant revenues and taxpayer subsidies they already collect. Their supporting evidence for this is routinely a platter of reasonable sounding, pseudo-economic gibberish that doesn’t hold up to the slightest scrutiny.
Apparently that doesn’t matter, as South Korea has implemented such a regulatory model (resulting in one South Korean ISP suing Netflix because Squid Game was too popular), and the EU continues to seriously explore it. If the EU is successful, I guarantee you’ll see a renewed push here in the States, with captured regulators like the FCC’s Brendan Carr leading the charge.
Bridging the digital divide and shoring up telecom subsidization should start with a close examination of decades of rampant telecom subsidy fraud where regional telecom monopolies routinely collect billions of dollars for networks they always mysteriously half complete. I’ve found that anybody not proposing that as a meaningful starting place for reform generally isn’t worth taking seriously.
Filed Under: big tech, broadband, digital divide, eu, high speed internet, net neutrality, subsidies, tax on big tech, telecom
Comments on “EU Still Pondering Telecom Tax On ‘Big Tech,’ Despite Little Real Evidence Supporting The Idea”
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New networks null commerce proposals like this.
Its already a given that new data infrastructure defined by known boundaries will propel commerce into 21st century models without the complexities of mixed economic standards, simplifying the next wave of innovation for many countries.
“Buy American” is not the only slogan in that model. “Never see blatant false advertising or all of the inventory is confiscated and removed from the market” is an evolution of commerce that is easily upheld with defined border transactions.
The digital flea market era was fun though.
I got gigabit internet, in part, because it allows me to watch streaming video while I’m doing something like downloading a game off Steam without the bitrate going to shit when I do it. So Comcast is making more money from me BECAUSE of streaming video. But it’s never enough.
If the telcos are not getting enough to cover broadband costs why do they no raise their prices. This ‘tax’, if implemented, would be a price rise on broadband, but collected via third parties so that telcos can advertise a lower price that they are actually getting.
Note advertising money is part of the cost of buying goods and services, but works reasonably well as a payment method as lots of very small payments get combined into an advertising budget and passed to consumers in prices.
Didn’t see any mention on what users are paying for Internet. Only the costs. Talk about one-sided.
It looks like network segregation has already started.
Instead of arguing over who owns the Internet, having a choice of data networks suits the 1st world models better.
Having seperate networks is already a win-win with how innovation is progressing. Not having to filter obsolete data keeps the fresh digital debt to a minimum.
Re: That's racist
It’s not the 1st world and the 3rd world, it’s the developed world and the developing world. Language matters.
It’s really not racist, and it really doesn’t matter.
I know that policing other people’s language is very fashionable, but it’s also a losing issue, not least because there’s zero evidence that it actually matters.
Re: Re: Re:
It’s not racist, but it’s worth remembering where terms come from. “First world” referred to the allied nations during the cold war, second world the USSR allied nations and third world others. Referring to third world can be deemed racist as so many of those were non-white, but that’s not the main focus of the original term.
Such a red flag
This is just more reason to pivot away from the fascist system of capitalism and to the democratic system of communism.
Smells like something the cow made
Hm… really, are these telecom companies not realizing that suing in these cases is flat out admitting that they are absolutely incapable of maintaining their business even with the lack of competition?
I would hope that any lawsuit goes something like this:
ISP: “Our customers are using too much of our service to use the internet. I need to get money from the sites they’re going to as well.”
Court: “So you’re saying that the internet is really popular and you’re customers are using too much of the service you sell them”
ISP: “No, no. We’re not getting paid by the sites our customers visit… we should get paid because those sites are using our network”
Court: “Okay, so you’re saying these web sites are also you’re customers and haven’t been paying for your service… well, then quit serving them”
ISP: “No, those sites aren’t our customers, but they’re really popular and we can see our customers using these sites a lot”
Court: “But those sites aren’t your customers, right? I mean, they have some other ISP they use and pay”
ISP: “Well, yes, but they are using our network when our customers go to their sites”
Court: “So what you’re telling me is that you can’t compete, even though you’re the only ISP in the area and your rates are fairly high?”
ISP: “There’s just too much traffic”
Court: “Really? Has there been no investment in new equipment.”
ISP: “That would cut into our shareholders yearly profits”
Makes sense to me...
I mean, it’s just like how transit services pay the sports franchise for a ccess to the stadium, and airports pay airlines for letting passengers into the terminal, and newspapers pay grocery chains for the privilege of advertising the chain’s latest sales on canned goods and fresh produce…
So it’s only fair, right?
why not spit the real reasons out here, instead of out and out lying? just like the USA, the EU and everywhere else doesn’t like the fact of the existence of THE INTERNET! if it could possibly do so, as would everywhere else, THE INTERNET would be completely shut down to the ordinary people, with just whatever ‘official body’ being allowed to use it. the primary reason being, all those counted among the ‘official bodies’ want to knoe everything possible, the ins and outs of a ducks backside about all of us ordinary people but nothing should be available to us about all those ‘official people and/or official bodies. that is simply because they want to be able to use whatever they have or can dream up to hold any/all of us accountable for whatever fucked up, bullshit charges and accusations they feel like throwing at us. on the other hand, all the shenanigans these fuckers ar up to, the millions being made of of our backs, should never be made available to a single person, let alone to the world in general, thanks to the Internet being everywhere, to everyone! and dont forget the money being made or what they want to be made by screwing us into the ground on whatever you can think of, without having to pay for buildings, for staff, for energies or physical goods, digital costing next to nothing to produce but making a fortune when sold!!
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Cryptocurrency derivative platform FTX on Tuesday has announced that it raised $8 million in its seed funding round.
The crypto startup attracted major investors in the industry including venture capital Proof-of-Capital, Consensus Lab, crypto asset management firm FBG, and Galois Capital, a crypto hedge fund.
Commenting on the fresh funds, Sam Bankman-Fried, co-founder and CEO of FTX, said: “I’m personally very passionate about trading, so FTX is a platform built by traders, for traders. In creating FTX, I wanted to build a platform for professional traders like me, while also bringing crypto trading to the mass market and first-time users.”
Founded by a team of Wall Street and Silicon Valley veterans, the derivative platform was incubated by Alameda Research. The founding members of the platform have in-hand experience with trading and their new crypto platform is offering services like futures trading, leveraged tokens, and over-the-counter (OTC) services.
The platform offers quarterly and perpetual futures instruments on major cryptocurrencies including Bitcoin, Ether, Binance Coin, and Tether. Its OTC service also trading facility with 20 digital assets and offers instant settlements with zero fees.
According to the firm, it has crossed $300 million in total trading volume and has included services and features like spot trading and altcoin index futures.
Venture capitals focusing on blockchain
Launched earlier this year, Proof-of-Capital entirely focuses on . The fund also in April and partnered with HTC to allow its portfolio companies to work with the consumer electronics manufacturer and develop products for its blockchain-enabled smartphone.
“I am thrilled to partner with Sam and his team. His love for trading really shows in their product and Proof of Capital is honored to help the company go to market in Asia.” Chris McCann, a managing partner at Proof-of-Capital, added.
Meanwhile, crypto lending platform after securing $18.3 million.


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Liberalisation and appetite to grow have helped private companies to outpace their public counterparts in the last 10 years, by raising contribution in net sales by 20 percentage points to 68.55 per cent and in net profit, by 24 percentage points to 63.86 per cent.
In other words, net sales of the private sector rose at a compound annual growth rate (CAGR) of 23.48 per cent and net profit at 33.47 per cent, while public sector entities grew at a CAGR of 12.65 per cent in terms of net sales and at 19.3 per cent by net profit.
Information technology (IT), capital goods, metals, telecom, automobiles, construction, infrastructure, pharmaceutical and realty sectors led the private sector growth, while banks and capital goods helped public sector to show double-digit CAGR in sales and profit. The public sector companies were more or less hamstrung by the government control on oil prices and inability to push reform agenda on lack of support from bureaucrats. The government’s failure to list the profitable entities also limited the public sector share in India Inc’s sales and profit.
The private sector entities were fast forward to come out of the control-ridden years to increase and upgrade manufacturing facility, by tapping the capital market through public issues. They also approached banks for endless flow of cheap credit and re-invested profits for future growth.
Reliance Industries integrated itself to become the country’s largest and the world’s most integrated petrochemical company, while Tata Steel, Tata Motors, Hindalco and top pharmaceutical companies enter world map through overseas acquisitions.
The multinational companies (MNC) operating in fast moving consumer goods, capital goods and pharmaceuticals sectors did well, and posted CAGR of 19.55 per cent in sales and 25.43 per cent in net profit.
Hindustan Unilever was the biggest disappointment of the decade. It grew at a CAGR of six-eight per cent in sales and profit. ITC, despite ridden by endless rise in excise duty, registered a CAGR of 18 per cent in sales and profit.
The private sector edged out the public sector, with the number of companies, with net profit of Rs 1,000 crore, growing from one, namely Reliance Industries, in 2000-01 to 37.
The profit buoyancy saw eight private companies become billion dollar profit companies. They were TCS, Infosys Technologies, Wipro, Bharti Airtel and Reliance Communications. ITC and Hindustan Unilever continued to be the two most profitable companies among MNCs. Thanks to 14 state-owned banks, the number of Rs 1,000-crore plus net profit companies in the public sector increased from seven to 31.
The state-owned oil companies continued to dominate the list by sales, occupying four of the top six positions.
The private sector companies, with overseas acquisitions, increased their presence in the top 10 from two to four. Tata Steel joined the Rs 100,000-crore sales leagues on the back of its acquisitions of Corus. Tata Motors doubled its sales after acquiring Jaguar-Land Rover, while Hindalco improved its sales fivefold in two years after acquiring aluminium giant Novelis.
The information technology (IT) sector, which tilted the balance in favour of services sector, has grown manifold in the last 10 years. Now, the top three IT companies together rake in export revenue worth Rs 80,000 crore from Rs 8,000 crore 10 years ago.
Bharti Airtel, an unlisted entity till 2001, now ranks among India’s top 15 companies, with net sales of Rs 42,000 crore. Bharti Airtel is also the fifth largest profitable company in India, with a net profit of Rs 9,163 crore.


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AN YNYSHIR woman has been ordered to complete 80 hours’ unpaid work after selling counterfeit jewellery, handbags, sunglasses and purses.
Kylie Marie Tavener, of Ynyshir Road, had her counterfeit stock seized and destroyed following a successful Trading Standards operation.
Rhondda Cynon Taf Council staff were alerted to the illegal goods following a test purchase.
They then executed a search warrant of her home in November 2011.
The replica goods, along with computer equipment, were seized and Tavener was charged with nine offences under the Trade Marks Act of 1994 for selling counterfeit goods and the possession for supply.
The case was heard at Pontypridd Magistrates’ Court on January 10, when Tavener admitted the offences.
In her defence, the court was told she was extremely remorseful and had strived not to mislead her customers – by marking the items she offered for sale as replicas.
She explained to the court she was trying to build up a business and earn a living as she was unable to claim benefits and was in poor health. A letter of support for her was handed in to the judge.
The judge gave her credit for her early guilty plea and said she was impressed with the contents of the letter of support.
She said she hoped the case would stress to Tavener and others the significance of the law to those running a business.
Tavener was given an 80-hour Community Service Order, to undertake unpaid work over 12 months.
She was ordered to pay £500 towards costs and a £15 victim surcharge.
All stock seized by the officers during the warrant was made subject to a forfeiture and destruction order, including the computer items.
David Jones, head of community protection at Rhondda Cynon Taf Council, said: “These current difficult financial times place pressure on businesses of all sizes, but there is simply no excuse to break the law.
“Trade Marks Acts offences are treated very seriously.
“Counterfeit goods cannot be sold and offences still take place even if they are described as replicas or copies.
“Legislation is in place to protect consumers and also the businesses that work hard to uphold the law and ensure the goods they offer for sale are of the highest-possible standards and meet all regulations.”


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Bureau Veritas exhibiting at Mobile World Congress 2018
Bureau Veritas has announced that it will once again be exhibiting at Mobile World Congress in Barcelona , Spain between 26 February and 1 March.Bureau Veritas Marketing 1
Organized by the GSMA, the Mobile World Congress is the world’s largest gathering for the mobile industry. It provides a venue for over 108,000 industry players and over 2,300 exhibitors from all over the world to gather, network, exchange ideas and showcase the newest technologies and the most innovative products and services.
Bureau Veritas specialists from Asia, Americas and Europe will be on hand at Stand#7E31 in Hall 7 to discuss the latest technological development and service offerings for all wireless enabled products. Some recent developments which will be on display include:
Bureau Veritas Consumer Products Services has over 100 labs and locations worldwide including 7layers, LCIE, ICTK, NCC & SIEMIC; all members of the Bureau Veritas Group.
Mobile World Congress 2018
26 February – 1 March
Bureau Veritas’ Stand #7E31? Hall 7
Fira Gran Via ? Barcelona ? Spain
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CGS Premier plans move to new, larger Muskego building
A New Berlin company that makes business exhibits plans to move to a new, larger facility that would be developed in Muskego.
CGS Premier would relocate from 5786 S. Westridge Drive, in the Westridge Business Park, to a 65,000-square-foot building.
The $7 million Muskego facility would be developed on an 8.85-acre lot at the east end of Commerce Center Parkway, in the Commerce Center East development off Moorland Road. The plans also call for a future 20,000-square-foot addition.
A proposal by HSI Properties LLC to develop that building, which would be leased to CGS Premier, is to be reviewed at Tuesday night's Muskego Plan Commission meeting.
CGS Premier is a customer fabricating and digital printing company that specializes in mobile business exhibits and displays that are built into vehicles.
Its customers include MillerCoors LLC, AT&T, Microsoft, PNC Bank and Geico. The company's products have appeared at such events as the Super Bowl and the Indianapolis 500.
CGS Premier has 47 full-time employees, as well as 10 to 15 temp employees during its peak construction season, according to the proposal filed with city officials.
The company has outgrown its 37,000-square-foot New Berlin building, said Greg Peterson, president. He hopes to hire 15 to 20 additional full-time employees over the next two to three years.
Part of that growth is being generated by CGS Premier's entry into the health care industry, Peterson said. The company is building mobile wellness clinics for clients such as Cigna Insurance and Walgreens, he said.
Construction of the Muskego facility would begin in June, pending city approvals. CGS Premier hopes to move to the new building in December, Peterson said.
Tom Daykin can be reached firstname.lastname@example.org


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‘She has to put herself first now’: Jesy Nelson ‘SPLITS from boyfriend Sean Sagar’ after nine months of dating The former Little Mix singer, 29,…
In the days leading up to Black Friday, law enforcement authorities across Alberta, who are working together to tackle retail theft, are raising awareness about the problem.
Const. Kevin Anderson with the Calgary Police Service said Tuesday that most offenders are arrested with shopping lists of items in high demand.
“We are starting to work backwards,” he said. ‘Who wrote the shopping list? Why are you targeting this specific item?’
“Whether it’s sheets that need a certain thread count or fragrance of a certain brand, down to certain types of meats. Where are they going?”
Some of the products wind up overseas for resale and most are ending up for sale online. Cpl. Joseph Stubbs of the Airdrie RCMP said law enforcement agencies’ collaborative efforts are helping to track these criminals.
“We want buyers to be proactive and think about where you’re buying them from,” he said. “[If you ask] the simple question, ‘Where did you get it?’ A legitimate seller will tell you where they’re getting it from.”
Major retail chains are often the target, but Const. Shawn Davis with the Lethbridge Police Service said locally owned shops aren’t immune.
“If there’s a product and you’re selling it, they will steal from you,” Davis said. “They’re not concerned where the loss is coming from, they’re only concerned about their gain.”
Const. Ray Wilson of the Edmonton Police Service said people who buy from these chronic shoplifters are inadvertently financing the drug trade and other serious crimes.
“Shoplifting has stigma,” Wilson said. “It’s a low-level offence but it leads to other crimes and they are involved in other criminal activity… shoplifting is just the start.”
Investigators said retailers recover their lost profits and costs for increased security by raising prices for the average consumer.
Police said Tuesday that an increasing number of criminals are using what’s referred to as “booster bags.” The bags are purses lined with a certain material that cheats security alarms.
Source: Read Full Article


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EAST HARLEM, Manhattan — Police arrested a man Friday who allegedly reached into the bra of a 93-year-old woman in a wheelchair and stole her envelope of cash.
Broyoan Lopez, 26, has been charged with two counts of robbery, grand larceny and criminal possession of stolen property, police said.
Lopez allegedly stole from the Maria Vasquez when she was at Regines Originals clothing store with her attendant on Thursday. He allegedly walked up behind her, grabbed the cash and fled.
It was not immediately clear if Vasquez' money was recovered.


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FIDELITONE Employees Help the Storehouse Help Those in Need
Albuquerque, New Mexico (December 9, 2015) – FIDELITONE’s Albuquerque-based employees are ending 2015 on a charitable high note. Over the past several months colleagues have mobilized to help The Storehouse help families in need throughout the Albuquerque area. From clothing drives to nonperishable food item collections to fundraising via a “Casual Friday Fund,” the team is making good on its pledge to make a difference in the community.
The Storehouse is New Mexico’s largest food pantry, serving individuals and families by providing free food and clothing. A non-profit organization, they rely solely on donations and volunteers to uphold their mission.
“In 2015, we collected 10 bags of gently used clothing items, 550 units of food and $550 in cash donations for The Storehouse,” says Barbara Hostler, long-time FIDELITONE employee and team lead for this year’s Casual Friday Fund. “With the company matching employee donations dollar for dollar, $550 becomes $1,100.” The fund, established two years ago by two local FIDELITONE warehouse operators, collects a dollar from employees who choose to wear casual attire—versus their uniform— to work on Fridays.
“FIDELITONE employees across the United States give back to their local communities in many ways,” says Joe Giglio, chief marketing officer at FIDELITONE. “We’re proud of the compassion and leadership our employees are exhibiting as well as the commitment they’re making to the Albuquerque community—a community where we conduct business. “
FIDELITONE, a supply chain management firm, helps clients earn customer loyalty through specialized services in last mile delivery, inbound materials management, order fulfillment, service parts management and transportation. FIDELITONE manages resources, creates right-fit solutions, and optimizes supply chain processes to advance clients’ business performance and profitability.
Founded in 1929 with an entrepreneurial spirit and the principle of customer focus, FIDELITONE has been leading the supply chain industry with high-performing systems for more than eight decades. Recognized by Inbound Logistics as a Top 100 3PL Provider (2013, 2014, 2015), FIDELITONE has been featured in the Crain's Chicago Business exclusive ranking of the largest privately-held companies for six years running.
For more information, visit FIDELITONE.com or call 800.475.0917.


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DemandBase: Financials, Manufacturing leading B2B verticals
B2B brands are getting lift from three specific verticals: financial services, manufacturing and software/technology. That according to new data out from Demandbase which shows B2B clients on their platform are innovating and looking outside their traditional marketing options.
B2B brands are benefitting from the increased spend, according to the report, because of the ability to hyper-target ads and increase personalization.
"All advertisers, whether targeting businesses or consumers, have increasing pressure to demonstrate the ROI around every marketing dollar spent. But, it's not uncommon to see only 10-15 percent of the traffic to a B2B web property from a target audience," said Chris Golec, founder and CEO of Demandbase. "New advances in audience identification, targeting, real-time bidding (RTB) and personalization have enabled B2B companies to laser target and engage their customers with customized messages across the web and through to their corporate web site effectively eliminating the waste that existed in B2B advertising."
The report notes that hyper-segmentation helped push Demandbase clients to 27% higher engagement lift.
"Across all industries, marketers became more sophisticated in identifying and targeting existing customers online. The three most common attributes used to segment and target audiences included: 1) industry, 2) revenue, and/or 3) a specific list of businesses from the customer's first-party CRM data. By using data to laser target companies throughout their purchase cycles, Demandbase customers saw a 27 percent average engagement lift of target accounts on their websites," writes the company.
Other interesting findings include:
• Financial Services vertical increased 144%
• Manufacturing vertical clients focused on industry-based targets (91%)
• Software/Tech vertical saw 57% focus on customer lifecycle
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Indie developer Krafted Games has announced that their rogue-like, first-person shooter PolyGod will launch worldwide for Xbox One, PC via Steam and Switch in early 2018.
PolyGod features, according to the developer, a brutal difficulty curve, with a focus on tough boss fights and arena-shooter style online multiplayer and co-op. Here’s a trailer for you:
Maps are randomly generated and seeded in the game, meaning there should be a lot of replayability, while the “Blessings” based weapon customisation system helps to keep things fresh. Classic FPS controls are also in tow.


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(WAFF) - Blue Bell Creameries and the Alabama Department of Public Health have entered into a voluntary agreement which will start the company on the path to returning its products to store shelves.
The agreement outlines steps Blue Bell will take to ensure the safety of its products; all Blue Bell ice cream and frozen novelty products were taken off store shelves nationwide following a series of tests on some products which found the presence of listeria.
Blue Bell agrees to undergo "rigorous facility cleaning and sanitizing, revised testing protocols... production policies and procedures designed to prevent future contamination," the company said in a statement Monday.
The company will also upgrade employee training.
Once the company is ready to resume production, the agreement calls for a trial production period before products are distributed to consumers.
Blue Bell also agrees to promptly notify ADPH if future positive test results for listeria develop, and will institute a "test and hold" program to ensure products are safe before they are shipped or sold.
The agreement with ADPH is similar to other agreements the company has made with officials in Texas and Oklahoma.
Copyright 2015 WAFF. All rights reserved.


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People with prediabetes and newly diagnosed type 2 diabetes may be able to slow the progression of the disease by taking vitamin D.
Consuming the molecule could help the body metabolize glucose according to a study published in the European Journal of Endocrinology . The work builds on studies that demonstrate that there is a worldwide problem with vitamin D deficiency and links the deficiency with the inability to process sugar.
The study involved 96 participants who had or had a high risk of diabetes Recently, type 2 was diagnosed. Researchers asked one group to take 5,000 IU of vitamin D for six months while the others received a placebo. The participants did not know which group they belong to. At the end of the experiment, researchers measured variables, including their insulin sensitivity, and participants completed questionnaires on their weekly sun exposure ̵
5000 IE are considered high dose, with 600 to 4,000 IE considered safe, though it is believed that some people may need them to more for prevention to take chronic diseases.
The team found that taking Vitamin D improved the effect of insulin in muscle tissue after six months. However, the study was limited, as it only concerned French Canadians, which meant that the results might not be related to a broader population, the authors wrote.
Future studies could investigate the mechanisms that cause people to respond differently to vitamin D, and whether the changes observed would persist in the long term, they said.
study co-author know that vitamin D regulates many genes involved in diabetes. Animal and in vitro studies have also shown that vitamin D can directly or indirectly enhance insulin secretion and insulin action by reducing systemic inflammation to a lesser degree. "]
" This study is significant because it shows that taking vitamin D may potentially slow the metabolic deterioration in people at high risk of diabetes or newly diagnosed type 2 diabetes.
But she said it was not clear whether patients with type 2 diabetes would benefit from vitamin D supplementation over a long period of time.
Gagnon continued to warn that the study did not give a green light to the intake of high amounts represents vitamin D.
She said: "At this stage, the results of our study must be confirmed in other studies. In addition, the safety of high-dose vitamin D supplementation (as used in our study) has not been demonstrated beyond 6 months. I would therefore suggest at the present time to follow the current recommendation. "
Taking the recommended amount to promote bone health is important," she said.
Dan Howarth Head of Nursing at The Charity Diabetes UK, who had not cooperated in the project, said Newsweek : "This study shows that high doses of vitamin D supplements are safe and suggest that they alter the biology of type 2 diabetes and could potentially help improve production and use of insulin through the body.
"However, there is mixed evidence beyond this study, and further research is needed to understand if vitamin D supplements can help reduce a person's risk for type 2 diabetes, and who would benefit the most.
"The best way to reduce the risk of Type 2 diabetes is to have a healthy, balanced diet and the most active physical activity possible. If you eat healthily, you should not need any vitamin supplements, and regular exercise can also help improve your insulin sensitivity.
About 30 million Americans suffer from diabetes, with 90 to 95 percent of those affected being Type 2, according to the Centers for the Control and Prevention of Diseases . Over the last two decades, it has become The number of adults with diabetes more than triples in the US
The cells of people with type 2 diabetes do not respond properly to insulin, a hormone that converts sugar into energy, which increases blood sugar levels that damage and leave the body untreated
Depending on the severity of the condition, a person may treat their diabetes with injectable insulin or pills that help regulate blood sugar. Because obesity is a risk factor, it can cause heart disease, blindness and kidney problems. it has also been shown that a diet change leads to  9,459,005] in some people reversing type 2 diabetes. Most people have prediabetes before they develop type 2 diabetes, and lifestyle changes such as healthy eating and physical activity can stop or slow the development of type 2 diabetes.


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Canada became the first G7 country to legalize marijuana sales nationwide on Wednesday.
The country is the second in the world, after Uruguay, to legalize the drug for all adults.
Some Canadians queued overnight to get their products early, while others celebrated in nightclubs as clocks struck midnight.
Some parks were full of people smoking as users celebrated the new law.
Here is what Canada looked like yesterday.
The bill legalizes marijuana, but leaves it up to each province to set age limits and decide how to sell it. Some provinces, like Ontario — Canada's most populous province and financial center — don't have physical stores.


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The Managing Director/Chief Executive Officer Zenith Bank Plc Mr. Ebenezer Onyeagwu has said that the bank is prioritising lending to the agricultural industry and other raw material suppliers in Nigeria.
Onyeagwu said companies that would-be leaders in the next five years would those, who would be sourcing their raw materials locally. Speaking in an interview with Bloomberg, Onyeagwu, said: “If you can get your raw materials here, you’re in business and it’s cheaper — your holding cost is cheaper, your freight cost is reduced.
“Nigeria’s second-biggest bank by market value is aiming to meet increased demand from businesses needing to source raw materials locally after plunging oil prices and lockdown measures to curb the spread of the coronavirus dried up foreign-currency inflows. It comes amid intensified efforts from authorities to encourage investment in agriculture and processing plants to help diversify the economy away from oil.
Many of Zenith’s customers want to invest in crop production or the processing industry, so they produce products they can sell to breweries, food and pharmaceutical companies,” he told Bloomberg.
According to Onyeagwu, Zenith Bank is encouraging customers to access funds from the central bank, which it matches with dedicated officials to ensure the projects they undertake are well executed, Bloomberg reported.
“As companies strive to meet the food requirements of the nation’s 200 million people, Nigeria could potentially become a non-oil exporter over the medium- to long-term.” Apart from Zenith Bank, the Central Bank of Nigeria, CBN, also offers loans to farmers through commercial banks at preferential rates to stimulate the development of the industry and has also banned imports on dozens of goods from soap and cement to milk and rice.


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Kindle e-book sales fire internet retail giant Amazon to record sales
Reading between the lines: Amazon's results were slightly below forecasts, despite a boost from Kindle e-book sales, up 70 per cent
Amazon reported record revenues as shoppers continued their mass migration from the High Street to the web, but still missed its forecasts.
The internet retail giant racked up sales of £13.5bn in the fourth quarter, up from £10bn in the same period of the previous year.
The result was slightly below forecasts, despite a boost from Kindle e-book sales, up 70 per cent.
Net profit fell from £112m to £62m, but its shares rose in after-hours trading on forecasts that sales will rise still higher.
The sales surge over Christmas came as household names such as HMV and Comet went into administration.
Amazon is now on course to make £40bn in sales for 2012, said analysts at US broker Morningstar, rising to £51bn next year. The firm’s low-cost model – largely because it has no stores – has allowed it to undercut traditional ‘bricks-and-mortar’ retailers on price, leading to accusations that it is putting traditional retailers out of business.
And Morningstar’s RJ Hottovy said the firm ‘may lay waste to several other retailers in the years to come’.
It has also come under fire for its minuscule tax bill – it paid just 1.8m to the British taxman in 2011, on sales of £3.35bn.
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We at the Active Travel Academy are excited to pre-announce the launch of our new open-access journal, Active Travel Studies. We look forward to receiving your submissions!
News articles about Act TravelWise and sustainable transport initiatives along with published news in the press are published here. Members also regularly submit news items covering initiatives at their organisation.
In March 2020, Moovit became a member of Act TravelWise. Moovit (www.moovit.com) is a leading Mobility as a Service (MaaS) solutions company and the world’s most popular urban mobility app. Moovit simplifies urban mobility all around the world. Over 720 million consumers use Moovit’s free app on to travel in more than 3,000 cities in 100 countries and 45 languages.
On 2 April 2020, we had originally intended to hold a live event, complete with walking tour, titled 'Traffic Removal in Leeds: Reshaping the City for People', in conjunction with our partner organisations. Then COVID-19 came along and we turned it into our first webinar. Here are our tips for anyone planning to host their own webinar...
Released by the Department for Transport on 26 March, this 80-page paper provides an overview of the transport decarbonisation plan that will be published later in the year. The plan will be developed with a wide range of stakeholders over the next six months.


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Amazon will release an utility on the Shopify ecosystem to allow US-essentially essentially based mostly Amazon merchants so that you can add Buy with Prime into their Shopify Checkout.
Shopify Inc (NYSE: SHOP) shares closed Thursday, pause of August 2023, trading at $66.49, up 10.80 percent from the day’s opening imprint. The day prior to this’s beneficial properties cemented Shopify’s spectacular efficiency YTD, fueled by heightened expend of on-line buying. The surprising beneficial properties in SHOP shares were attributed to an announcement that Shopify merchants will maintain the technique to present their merchandise to Amazon.com Inc (NASDAQ: AMZN) Prime people on Shopify for the principle time. The companies highlighted that users of the new products and services will continue to gain 100% control of their put and their buyer knowledge in Shopify’s admin. As a outcome, AMZN shares closed the day trading at $138.01, up 2.18 percent from the day’s opening imprint.
“This new app will make it more uncomplicated for our merchants who additionally accomplice with Amazon to present Buy with Prime to their customers on their Shopify-powered residing. Extra preference intention more alternatives to prevail as an entrepreneur, and that’s what we’re powering here at Shopify,” Harley Finkelstein, Shopify’s president, famed in a YouTube video.
With the new utility on Shopify, merchants can present Amazon Prime people get right of entry to to Prime advantages enjoy immediate and free provide start air of Amazon.com. As a outcome, on-line shoppers can now relaxation assured of more recommendations to make their purchases with neutral brands.
Breaking News Shopify and Amazon’s Market Outlook
The shut collaboration between Shopify and Amazon is anticipated to extra crimson meat up the e-commerce market within the US, Canada, and beyond. Furthermore, both companies maintain dominated in their respective markets, and their quantity is anticipated to extra lengthen following their strategic partnership. The Buy with Prime app for Shopify will very a lot simplify how sellers interact with consumers, hence enormously reducing the time spent navigating varied brands.
“The create of this app turn out to be a collaboration with Shopify, and we’re mad to motivate merchants now now not handiest develop their agencies but additionally save time and resources – all whereas giving Prime people intention more locations to ride their buying advantages,” Peter Larsen, Amazon vice president of Buy with Prime, famed.
Notably, the Shopify merchants beforehand managed Amazon’s Buy with Prime independently of their Shopify admin. With the Buy with Prime app for Shopify, the merchants are anticipated to scrutinize their orders routinely synchronized all throughout the Shopify admin. Interestingly, Amazon highlighted that Buy with Prime increased consumer conversion by about 25 percent on moderate throughout the promise of immediate, free provide, and an straightforward return policy.
Within the period in-between, the mix of Shopify and Amazon will very a lot motivate their respective income collections. All the intention in which throughout the 2d quarter, Shopify reported whole income of about $1.7 billion, up 31 percent YoY.
Let’s discuss crypto, Metaverse, NFTs, CeDeFi, and Stocks, and point of curiosity on multi-chain as the longer term of blockchain expertise.
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In the latest list of billionaires released by Forbes on March 20, India has 101, world’s fourth largest number of billionaires. The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world who have a combined net worth of USD 7.67 trillion, a record 18-per cent increase over the past year.
The list has been topped by Microsoft co-founder Bill Gates for the fourth year in a row. He has been the richest person in the world for 18 out of the past 23 years. Gates has a fortune of USD 86 billion, up from USD 75 billion last year, followed by Berkshire Hathaway chief Warren Buffet with a new worth of USD 75.6 billion.
Among the Indians, RIL chairman Mukesh Ambani is the richest with about USD 23.2 billion worth, while the chairman and CEO of ArcelorMittal, Lakshmi Mittal stood at no 2 with over USD 16 billion.
Here are the top 10 super rich Indian personalities who are shining on Forbes, ‘World’s Billionaires’ 2017 list:
- With a net worth of USD 23.2 billion, Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), is the highest-ranked Indian in the list, at No. 33 in the Forbes list.
- Ambani is followed by the Lakshmi Niwas Mittal, an Indian steel magnate based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steel making company. He is on number 56 with the net worth of USD 16.4 billion.
- The Chairman of Wipro Limited, Azim Premji is at number 72 in the list with net worth of USD 14.9 billion.
- Dilip Shanghvi, an Indian businessman and the co-founder of Sun Pharmaceuticals stands on no. 84 in the Forbes list. Shanghvi has a net worth of USD 13.7 billion.
- While Shiv Nadar an Indian Industrialist and is a founder and chairman of HCL is on number 102 with a net worth of USD 12.3 billion. He is also the founder of Shiv Nadar Foundation.
- Kumar Mangalam Birla, an Indian industrialist and the chairman of the Aditya Birla Group, is at number 133 on Forbes’ billionaire list. He has the net worth of USD 9.5 billion. He is also the chancellor of the Birla Institute of Technology & Science.
- Standing at 159 number of list, is Cyrus S. Poonawalla, an Indian businessman, the chairman of Poonawalla Group, which includes Serum Institute of India, the Indian biotech company that manufactures paediatric vaccines. He has a net worth of USD 8.1 billion.
- Uday Kotak, an Indian banker; Executive Vice Chairman and Managing Director of Kotak Mahindra Bank is on number 166 with the net worth of USD 8 billion.
- Sunil Bharti Mittal, an Indian entrepreneur and the Founder & Chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, malls, hospitality, agri and food besides other ventures is on number 182 on Forbes list. He has the net worth of USD 7.5 billion.
- Gautam Shantilal Adani, an Indian businessman who is the chairman and founder of Adani Group is on number 250 on the list with net worth of USD 5.8 billion.


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The U.S. House approved an emergency $2 billion infusion for the cash-for-clunkers program this afternoon, after a burst of demand used up most of the initial $1 billion.
House Majority Leader Steny Hoyer said the additional money would come from funds Congress approved earlier in the year as part of a $787 billion economic stimulus bill.
The plan, formally called the Car Allowance Rebate System (CARS), provides credits of as much as $4,500 for a new car when turning in an older, less fuel-efficient, vehicle. It passed 316 to 119.
It's unclear whether the Senate will approve it before leaving Washington for the month of August.
The program proved so popular that the initial $950 million set aside for it is running low. The funds were expected to last until November. The Obama administration is working with members of Congress to increase the program's funding. We're trying to expand the one program the public has latched onto, said David Obey, D-Wisc., the chairman of the House Appropriations Committee.
If you have a GM car, check out GM & The Car Allowance Rebate System website here to see if your car qualifies for the Cash for Clunkers program.
Below is a brief summary of who is and who is not eligible for this program:
Which cars are eligible?
1. Only purchase or lease of new vehicles will qualify
2. Clunkers eligible for the program must get 18 MPG, or less
3. Must hold a valid legal title to the car seeking to trade in
4. Registered to the same owner for the full year preceding the trade-in
Which cars are not eligible?
1. Cars that have not been insured for the past year
2. Cars that are older than 25 years & not later than model year 2001
3. Cars not in drivable condition
4. New Car manufacturer's suggested retail price cannot exceed $45,000