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Guru Nanak Dev 550th birth anniversary: Centre making arrangements for celebrations, says PM Modi
Source:  The Financial Express
Wednesday, 16 October 2019 11:15

"The whole country is busy with the 550th birth anniversary celebrations of Guru Nanak Dev and the Centre is making all arrangements to celebrate this event across the world," Modi said.

Looking for a worry-free retired life? Choose this insurance plan
Source:  The Financial Express
Wednesday, 16 October 2019 11:15

Planning for retirement early in your career allows you to build up a corpus large enough to give you a regular income post-retirement.

Ayodhya verdict LIVE: Hearing to conclude by 5 pm, says CJI Gogoi
Source:  IBTimes India
Wednesday, 16 October 2019 11:15

Wednesday marks the 40th day of hearing in the case. The SC bench is expected to announce the verdict before the CJI demits office on November 17.

3 terrorists killed in encounter in Anantnag district
Source:  State Times
Wednesday, 16 October 2019 11:11

Srinagar: Three terrorists were killed Wednesday in an encounter with security forces in Jammu and Kashmir’s Anantnag district, officials said. The encounter broke out at Pazalpora area in Anantnag on a specific intelligence provided by the district police. All the three local terrorists have been neutralised, the officials said, adding the bodies were being identified […]

CBI ready to file chargesheet in INX Media corruption case
Wednesday, 16 October 2019 11:10

New Delhi: The CBI is all set to file a chargesheet in the INX Media corruption case in which it is likely to name former finance minister P Chidambaram and his son Karti, sources said Wednesday.

CBI is all set to file a chargesheet in the INX Media corruption case in which it is likely to name former finance minister P Chidambaram and his son Karti, sources said

The agency might also name senior government officials who were part of the decision-making process related to foreign investment clearance given to INX Media, promoted by Indrani Mukherjea and Peter Mukherjea, they said.

Indrani, who is facing charges of murdering her daughter in a separate case, had turned approver and is likely to be a prosecution witness in the CBI chargesheet in the corruption case, they said.

The CBI had registered an FIR on May 15, 2017, alleging irregularities in the Foreign Investment Promotion Board clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram’s tenure as the finance minister.

Chidambaram, 74, was arrested by the CBI on August 21 and is lodged in Tihar jail under judicial custody in the corruption case. He is also being questioned by the ED.


Inox Wind signs deal for SECI 50 MW capacity With Adani Green Energy
Source:  Accommodation Times
Wednesday, 16 October 2019 11:09

Image for representation

By Accommodation Times Bureau


Inox Wind, a wind energy solutions provider, has closed a deal for sale of a 50 MW wind power project at Dayapar, Kutch in Gujarat in which Adani will be the strategic investor. This project is part of the capacity won under SECI bids for wind power projects connected to the central grid.

These 2 MW Wind Turbines have one of the highest swept areas that make it ideally suited to maximize returns in low wind areas. Inox Wind’s Kutch site would become one of the largest wind farms in India post-execution of capacities won in different rounds of SECI & state auctions.

Inox Wind, apart from the above, has already commissioned 166 MW of wind projects for Adani. This new deal has been signed by Adani reposing their confidence in Inox Wind. As part of this deal, Inox Wind will also provide long term operations and maintenance services.

The post Inox Wind signs deal for SECI 50 MW capacity With Adani Green Energy appeared first on .

Amazon’s consumer business fully sheds Oracle, moves on AWS
Source:  The Siasat Daily
Wednesday, 16 October 2019 11:08

Amazon’s consumer business fully sheds Oracle, moves on AWS

Seattle: In what could give the ongoing bitter war between Cloud majors Oracle and Amazon Web Services (AWS) a rest, Amazon has announced it has completely shed legacy Oracle databases and its entire consumer business is now running on its own AWS databases.

“I am happy to report that this database migration effort is now complete. Amazon’s consumer business just turned off its final Oracle database (some third-party applications are tightly bound to Oracle and were not migrated),” Jeff Barr, Chief Evangelist for AWS, Amazon’s Cloud computing arm announced late Monday.

The company said it migrated 75 petabytes (one PB is 1,000 terabytes) of internal data stored in nearly 7,500 Oracle databases to multiple AWS database services, including Amazon DynamoDB, Amazon Aurora, Amazon Relational Database Service (RDS), and Amazon Redshift.

“The migrations were accomplished with little or no downtime and covered 100 percent of our proprietary systems. This includes complex purchasing, catalog management, order fulfillment, accounting, and video streaming workloads,” Barr informed.

Top Oracle and AWS executives have been sparring over Amazon’s abandonment of Oracle databases in its internal operations for some time.

AWS CEO Andy Jassy in November said that Amazon will take off all its workloads from Oracle databases by the end of 2019 and put those on its own database offerings.

“AWS decided to offload Oracle as its Cloud vendor and would soon be 100 percent reliable without the need of hosting Amazon workloads on Oracle Cloud.

“Over the years we realized that we were spending too much time managing and scaling thousands of legacy Oracle databases,” said Barr.

More than 100 teams in Amazon’s Consumer business participated in the migration effort.

These included Alexa, Amazon Prime, Amazon Prime Video, Amazon Fresh, Kindle, Amazon Music, Audible, Shopbop, Twitch, and Zappos, as well as internal teams.

According to Amazon, the migration has resulted in cost reduction, performance improvements and lowered administrative overhead.

“We reduced our database costs by over 60 percent on top of the heavily discounted rate we negotiated based on our scale. Customers regularly report cost savings of 90 percent by switching from Oracle to AWS,” said Barr.

“Latency of our consumer-facing applications was reduced by 40 percent and the switch to managed services reduced database admin overhead by 70 percent,” he added.

In June this year, Cloud rivals Microsoft and Oracle announced an interoperability partnership enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud.

Enterprises can now seamlessly connect Microsoft Azure services, like Analytics and Artificial Intelligence (AI), to Oracle Cloud services, like Autonomous Database.

The move was seen as an effort by Oracle to offset losses in the fierce competition coming its way from AWS.

Check out more stories at The Siasat Daily

MCX India climbs 9% as Morgan Stanley sees 34% return after Q2 results
Source:  Moneycontrol
Wednesday, 16 October 2019 11:07

MCX India climbs 9% as Morgan Stanley sees 34% return after Q2 results Motilal Oswal upgraded its FY20 earnings estimate for MCX by 11 percent, largely led by operative leverage.

Gaya cop suspended after video of him accepting bribe goes viral
Wednesday, 16 October 2019 11:07

Gaya: A police officer was suspended here after a video of him accepting bribe went viral on social media.

Representative Image

Speaking to ANI on the issue, Senior Superintendent of Police, RK Mishra said, “On the basis of the video, the officer has been suspended.”

The official also said that a thorough investigation into the matter is underway and the authorities will take requisite steps against the accused.

Recently, a junior assistant in the Vijayawada Municipal Corporation (VMC) was caught red-handed while accepting a bribe.

Ponnapally Surya Bhagavan, who is a junior assistant in the revenue section of the Assistant Commissioner’s office, had allegedly demanded a bribe of Rs 9,000 to process the file of a woman seeking mutation of property.


Toyota car sales slip 18% in India
Source:  The Siasat Daily
Wednesday, 16 October 2019 11:06

Toyota car sales slip 18% in India

Bengaluru: Japanese car maker Toyota on Tuesday reported an 18 per cent annual sales decline in India for September due to subdued sentiment and economic slowdown.

“We sold 10,203 units in September against 12,512 units in the same month a year ago, registering 18 per cent year-on-year (YoY) decline,” said Toyota’s joint venture with Kirloskar Motors, in a statement here.

Export of its Etios sedan, however, grew 25 per cent YoY to 708 units from 566 units a year ago (2018).

“In spite of higher exports, the total sales declined 17 per cent YoY to 10,911 units from 13,078 units a year ago,” said the statement.

Toyota Kirloskar Motor Deputy Managing Director N. Raja said the consumer sentiment continued to be subdued, reflecting in the sales decline in the industry.

“We expect the demand to pick up during the Dasara and Diwali festivals this month for better sales,” said Raja.

To prop up sales during the festive season, the company has rolled out a new version of its sports utility vehicle Fortuner TRD.

“The customer orders have been slightly encouraging since the 10-day Dasara fest began on the weekend. We hope the pace continues in the festive season to improve the demand,” added Raja.

The company hopes the recent industry-friendly changes ushered by the government to reduce corporate tax and minimum alternate tax would improve the consumer sentiment to boost sales.

Month-wise, Toyota’s car sales improved in September as it reported 24 per cent YoY decline in August when it sold 10,701 units as against 14,100 units in the same month a year ago.

“The consumer sentiment was muted in August, as customers deferred purchasing vehicles. Floods across some states also hurt the demand while unfavourable exchange rate did not help our cost,” Raja said in a statement on September 1.

Check out more stories at The Siasat Daily

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