Sethurathnam Ravi, India continues to build back better in Key Sectoral Industries with Constant Signs of Economic Recovery

Sethurathnam Ravi BSE Former Chairman

Sethurathnam Ravi, popularly known as S Ravi is the former chairman of Bombay Stock Exchange Limited (BSE). Currently he is the Founder and Managing Partner of Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. He is also an Associate Member of Association of Certified Fraud Examiners (CFE), USA, and also a registered Insolvency Resolution Professional. According to Sethurathnam Ravi, the former BSE Chairman, diagnosing unemployment is a golden key to unleash our economic power.

Sethurathnam Ravi (S Ravi) is the former Chairman of Bombay Stock Exchange Limited (BSE) (November 2017 to February 2019) and Founder and Managing Partner of Chartered Accountants’ firm Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. Mr. S Ravi is a Post Graduate in Commerce and holds a diploma in Information System Audit (DISA). He is an Associate Member of Association of Certified Fraud Examiners (CFE), USA and is also registered as an Insolvency Resolution Professional.

Sethurathnam Ravi was appointed by Government of India and RBI as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s Strategic Turnaround. He was also appointed by Government of India as a member of the Strategic Revival Group for UCO Bank, where he played an instrumental role in formulation of the revival plan and its subsequent implementation. He has also served as Chairman of PNB Mutual Fund.

According to Sethurathnam Ravi, India continues to build back better in key sectoral industries with constant signs of economic recovery. Today India is the sixth largest economy in the world. Significantly, the attribution also lies in the agricultural sector, which is 29.7% of total GDP. But India is witnessing a new wave of agrarian crisis. The farmers are expressing their despair and alienation with the policy framework, from MSP to loan waiver. Hence, the agricultural belts have become synonymous to suicide belts where a number of farmers are forced to take their own lives, indicating the gravity of the crisis. This is a critical issue that could put a massive strain on the economy, if it further continues.

Despite a booming economy and an increasing labour force, the process of job creation is sluggish and has become one of the principle problems that India faces. There has been a sharp increase in the employment of informal workers, but the same has to apply to the formal sector (with skills), which holds important aspect of a progressive economy.

According to Sethurathnam Ravi, “Diagnosing unemployment is a golden key to unleash our economic power”. The latest CMIE data shows that the unemployment rate in India was 8.2% in February 2019. Besides the unemployment crisis, we should also shed light on balancing the male-female employment ratio. By balancing the ratio, 235 million women will be in the workforce which can make the country richer by 27%, the former BSE Chairman highlights.

In Sethurathnam Ravi’s point of view, there must be a shift, where development is more focused towards labour intensive sectors to create more jobs to ease the employment crisis. At the same time, there must be attention paid to social development investments like, health, education, nutrition, water sanitation (directly related to health), to improve our productivity, human capital, per capita income; and most importantly there must be a greater focus on progressive taxation where additional revenue generated can be invested in social security and other essential services that can significantly boost our economic strengths and capabilities. In a nutshell, this is where we are and what we can actually work on, Sethurathnam Ravi concludes.

Strongest Global Storm Of 2022 Moving At 160 Miles Per Hour Now

 

The strongest global storm of 2022 is barreling across the East China Sea, threatening Japan's southern islands and risking wild winds along China's east coast.

Super Typhoon Hinnamnor is currently packing sustained winds of about 160 miles (257 kilometers) per hour and has gusts over 195 miles per hour, according to the US Joint Typhoon Warning Center. The maximum significant wave height is 50 feet (15 meters).

Hinnamnor would be the strongest storm of 2022 based on the maximum sustained wind speed recorded at this point, according to an official at the Japan Meteorological Agency.

The Hong Kong Observatory said at 10 a.m the typhoon was centered about 230 kilometres east of Japan's Okinawa and is forecast to move west-southwest at about 22 kilometers per hour toward the Ryukyu Islands.

To know more: https://www.ndtv.com/world-news/strongest-global-storm-of-2022-moving-at-160-miles-per-hour-now-3302483

Karan Johar scandalised after Tiger Shroff says Rekha played Amitabh Bachchan’s mother: ‘She never…’

 

Actors Kriti Sanon and Tiger Shroff featured on the latest episode of Koffee with Karan. The Heropanti duo discussed their personal and professional lives and made some surprising revelations. Kriti revealed that she auditioned for Student of the Year. Tiger also explained why he had never made a ‘move’ on Kriti, who responded by taking playful pot-shots at Tiger, explaining why she would never want to date him. Tiger agreed that he has ‘zero game’.

In the episode, Karan kept prodding Kriti about whether something was cooking between her and Aditya Roy Kapur. While Kriti didn’t spell things out, she hinted later that some flirting might be happening between the two.

To know more: https://indianexpress.com/article/entertainment/bollywood/koffee-with-karan-season-7-tiger-shroff-and-kriti-sanon-8122848/

Sex Doll On Thailand Beach Triggers "Dead Woman" Panic

 

A discarded sex doll found on a beach in Thailand triggered panic among the locals after it was mistaken for a body of a woman. Rescuers soon rushed to the spot and allayed the fears of people on the beach by confirming that it was just a robber doll, reported Thaiger.

The doll was spotted on the Bang Saen beach in the Chon Buri province of eastern Thailand on August 18. A photo of the doll was uploaded on Facebook, which showed the doll lying on the beach with the upper half of its body covered with a shirt, the report added.

After discovering the “body”, anxious locals called the paramedics and the police who soon reported to the emergency. According to a Bang Saen district police spokesperson, rescue teams reached the spot after being informed that locals had seen a “young woman naked and unconscious”, according to Daily Star.

When the police observed it from a distance, it appeared to be a body. However, things cleared after they got a closer look. The object was identified as an “AV doll” whose head was missing. The doll retails for 20,000 Baht (approx. ₹ 44,222) on the internet,” the spokesperson informed.

To know more: https://www.ndtv.com/world-news/rubber-doll-triggers-panic-on-thailand-beach-after-mistaken-for-dead-woman-3279053

Sri Lanka detains student leaders under anti-terrorism law

 

The Sri Lankan police on Monday confirmed the detention of three student activists under a dreaded anti-terrorism law, four days after arresting them at a protest held in capital Colombo.

Local and international rights advocates have slammed the move, accusing the government of construing dissent as terrorism, even as Sri Lanka’s controversial Prevention of Terrorism Act comes under sharp focus yet again.

To know more: https://www.thehindu.com/news/international/sri-lanka-detains-student-leaders-under-anti-terrorism-law/article65797957.ece

Finnish PM Sanna Marin drug test negative as Internet divided over party video

 

Formerly the world's youngest head of government, Sanna Marin has often been the target of criticism over parties. In July, Marin attended a popular Finnish rock festival.

Finnish prime minister Sanna Marin has tested negative for a drug test, which she underwent to refute allegations sparked by leaked video footage that showed her dancing and partying with friends at a private residence. “The screening carried out Friday showed no indication of drugs,” a statement by the government read, according to reports. The 36-year-old had maintained that she did not take drugs or witnessed drug use by any attendees after opposition leaders had accused her of doing so.

To know more: https://www.hindustantimes.com/world-news/finnish-pm-sanna-marin-drug-test-negative-amid-divided-internet-over-party-video-101661221681022.html

Ananya Panday in vibrant kurta set is simply beautiful in new pics with Vijay Deverakonda

 

Ananya Panday, it appears, has a strong penchant for embracing ethnic outfits. The actress gave a glimpse of the same while discharging promotional duties for her upcoming movie Liger. On Tuesday, she was snapped promoting the film in Lucknow with Vijay Deverakonda. Must we add, she looked simply beautiful in traditional finery!

She slipped into a vibrant pink kurta set and served another note-worthy ethnic fashion moment. Vijay, on the other hand, complemented her well in a quirky outfit featuring a dual-print shirt.

To know more: https://www.indiatoday.in/lifestyle/fashion/story/ananya-panday-in-vibrant-kurta-set-is-simply-beautiful-in-new-pics-with-vijay-deverakonda-1991672-2022-08-23

BLACKPINK Revealed To Be Filming MV For Upcoming Studio Album “BORN PINK”

 

BLACKPINK is gearing up for their highly-anticipated second full-length album “BORN PINK“!

On August 24, YG Entertainment revealed that the four BLACKPINK members are currently working hard to film the music video for the upcoming album at a site in Gyeonggi province, commenting that the support and love from global fans have been a great strength to the group.

A representative shared, “All the songs in the album will write BLACKPINK’s new history, but the title track in particular will be a song that can shock global music fans. The music video will also raise the status of K-pop with a novelty that has yet to be seen.”

BLACKPINK has already showcased their global reach following the successful release of their pre-release single “Pink Venom.” Not only did the song sweep music charts all over the world, but “Pink Venom” also became the first Korean-language song to hit No. 1 on Spotify’s Global Top Songs chart, and its music video has been breaking records on YouTube.

To know more: https://www.soompi.com/article/1542016wpp/blackpink-revealed-to-be-filming-mv-for-upcoming-studio-album-born-pink

This Country Plans To Reduce Working Hours To 40 A Week

 

Chile To Reduce Working Hours: Chilean President Gabriel Boric has given "urgency" to the bill, a provision in Chile's constitution that forces lawmakers to consider a bill when mandated by the president.

Santiago, Chile: 

The government of Chilean President Gabriel Boric said on Tuesday it has revived efforts to pass a bill that would reduce working hours in the country and fulfill a campaign promise.

The bill, which aims to reduce the working week from 45 to 40 hours within five years, has stalled in Congress since it was introduced in 2017 by then-lawmaker and current government spokesperson Camila Vallejo.

Boric has given "urgency" to the bill, a provision in Chile's constitution that forces lawmakers to consider a bill when mandated by the president.

To know more: https://www.ndtv.com/world-news/chile-reduces-working-hours-chilean-president-gabriel-boric-this-country-plans-to-reduce-working-hours-to-40-a-week-3281221

War Shows Russia "Not A Peer Military To US" Or Even Smaller NATO Forces

 

Six months into President Vladimir Putin's invasion of Ukraine, the war has upended fundamental assumptions about Russia's military and economy.

When the US warned of impending war earlier this year, officials and analysts in Washington and Europe alike assumed Russia's much larger and better equipped military would quickly dominate Ukraine's forces. They also believed Putin would find himself constrained by a weak domestic economy.

US Chairman of the Joint Chiefs of Staff Mark Milley even warned Congress that Kyiv could fall within 72 hours of an invasion being launched. President Joe Biden said he would turn the ruble to "rubble." In the Kremlin, meanwhile, Putin and his closest advisers saw Ukraine as a nation divided with incompetent leaders that would lack the will to fight.

To know more:

https://www.ndtv.com/world-news/putins-war-in-ukraine-unravels-russias-superpower-image-3281734

Study Claims Sun Will Devour Mercury, Venus And Earth

 

The Sun is the source of life on Earth. It radiates light and heat, or solar energy, which makes it possible for various species to flourish on Earth. But what will happen when the giant star expends all its fuel? This is the subject of a study undertaken by a group of scientists and submitted to the Astrophysical Journal. The scientists have said in the paper that five billion years from now, the Sun will lose all its life-giving powers and become a red giant.

Giving details about the chaos that will follow, the researchers said that our home, the Earth, will meet an ignominious end. They claimed that Sun will devour Mercury, Venus and possibly the Earth.

The researchers performed three-dimensional hydrodynamical simulations to understand a range of outcomes after a planet is engulfed by a Sun-like star. They said that the outcomes depend on the size of the engulfed object and the stage of the star's evolution.

To know more: https://www.ndtv.com/world-news/study-claims-sun-will-devour-mercury-venus-and-earth-explains-how-3279604

Rajeev Jhawar, Usha Martin was able to Overcome Challenges and Create Profits in the Past Year

Rajeev  Jhawar Usha Martin (Kolkata)

Rajeev Jhawar Usha Martin is one of the world’s leading manufacturers of wire rope. Established in the year 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit and multi-product portfolio. All of the company’s infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products. Rajeev Jhawar is the managing director of Usha Martin Limited since May 19, 2018. Rajeev Jhawar led Usha Martin is currently in the process of expanding their capacities for rope production, focusing on high-end ropes, specialised wires and also LRPC.

Rajeev Jhawar Usha Martin is a leading global manufacturer of wire ropes. Established in the year 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit and multi-product portfolio. Usha Martin’s wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce the widest range of wire ropes that find application in various industries across the world. All of the company’s infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products.

Rajeev Jhawar Usha Martin currently focuses on expanding their capacities. “We have had a pivotal year at Usha Martin, as we moved into a phase of growth after significantly deleveraging our balance sheet over the past three years. We are now poised for expansion – enhancing our product mix, focusing on building share in international markets and investing in capacity increase”, Rajeev Jhawar says. The second and third waves of the pandemic during the previous year continued to pose a serious challenge to the day-to-day working of the firm. But as a responsible organization, Usha Martin continued to prioritize the health and safety of its employees and their families, other stakeholders and the community at large.

COVID-19 created significant supply chain disruptions resulting in high cost of logistics. According to Rajeev Jhawar, this was a huge challenge for the company, as prices of many of their key raw materials were also at record highs. With the ingenious leadership of Rajeev Jhawar, Usha Martin was able to overcome these challenges and create profits in the past year. “We, as an organisation, were quick to anticipate these challenges and undertook several mitigation measures to ensure our businesses remained resilient. We were successful in maintaining our margins and profitability by enriching our product mix to high value products, and also by increasing our penetration in newer geographies like Australia and South Africa”, Rajeev Jhawar confirms.

Because of this resilience, despite all the challenges, on consolidated basis, the revenue of Usha Martin Limited in this year increased from Rs.2097.28 Crore to Rs.2688.07 Crore, an increase of 28.17% over the previous year. The focus of Usha Martin on increasing exports by increasing market penetration in newer geographies, under the guidance of Rajeev Jhawar Usha Martin proved to be a significant step in increasing the companies’ revenue.

Usha Martin is currently in the process of expanding their capacities for rope production, focusing on high-end ropes, specialised wires and also LRPC. They have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete the expansion programme over the next 12-15 months.

How active lifestyles, sports and fitness programs are enabling Arab women to beat obesity, manage weight

 

JEDDAH: Obesity rates worldwide have been steadily rising over the past half-century, reaching a point at which experts say many nations are way off schedule to meet the World Health Organization’s 2025 global nutrition targets.

Mindful of the pressures that high obesity rates place on local healthcare systems, to the detriment of quality of life, countries such as Saudi Arabia are working hard to promote fitness and challenge people to change their sedentary lifestyles.

According to a recent study by Ohio State University College of Medicine, obesity and the associated health implications cost the Saudi healthcare system $3.8 billion in 2019 alone, equivalent to about 4.3 percent of the Kingdom’s total annual health expenditure.

To know more: https://www.arabnews.com/node/2139551/middle-east

Turkey sends off new drill ship into eastern Mediterranean

 

ISTANBUL: Turkey’s president inaugurated the country’s newest and largest undersea hydrocarbon drill ship Tuesday that he said would head for a spot northwest of Cyprus in the eastern Mediterranean, which is not claimed by any other country.

“Our exploration and drilling in the Mediterranean is within our own sovereign dominion,” President Recep Tayyip Erdogan said at the ceremony in southern Mersin province, only to add: “We don’t need to seek permission or ratification from anyone.”

Turkey is embroiled in acrimonious disputes with Greece and Cyprus over maritime boundaries and offshore energy rights, which triggered high tensions in the eastern Mediterranean two years ago.

Erdogan said Tuesday the new Abdulhamid Han ship would begin drilling at the Yorukler-1 well about 55 kilometers (34 miles) off the coast of Gazipasa, in Antalya province.

“Neither the puppets nor the ones who hold their strings will be able to prevent us from getting our rights in the Mediterranean,” he said, in an apparent reference to Greece and Cyprus on the one hand, and their Western allies on the other.

In the summer of 2020, tensions escalated after Turkey sent a seismic survey ship escorted by warships to an area in the eastern Mediterranean where Greece claims exclusive rights to potential undersea oil and gas deposits. Greece sent its own warships to shadow the Turkish flotilla. Both countries later conducted military exercises as a show of force.

Turkey insists that small Greek islands near the Turkish coast should not be taken into account when delineating maritime boundaries, and accuses Athens of trying to grab an unfair share of the eastern Mediterranean’s resources.

The NATO allies routinely accuse each other of airspace violations. Turkey also claims that Greece has violated international treaties by militarizing eastern Aegean islands close to Turkey.

To know more: https://www.arabnews.com/node/2139361/middle-east

Daesh threat grows despite leadership losses, UN warns

 

NEW YORK: Despite territorial defeats and leadership losses, the threat posed by Daesh has been rising since the start of the COVID-19 pandemic and continues to persist, underlining the importance of implementing non-military measures to counter terrorism, the UN said on Tuesday.

Daesh affiliates continue to exploit conflicts and social inequalities to incite unrest and plan terrorist attacks, the organization added. Pandemic-related restrictions and the shift to the digital space have provided the group with opportunities to intensify its recruitment efforts and attract more funding, and for the past year it has increasingly been using drones in attacks, as seen in northern Iraq.

Vladimir Voronkov, the under-secretary-general for counter-terrorism and head of the UN Office of Counter-Terrorism, told the Security Council that Daesh’s upward trend has been possible in part as a result of the group’s adoption of a decentralized internal structure based around a “general directorate of provinces” and associated “offices.” These are designed to manage and finance terrorist operations around the globe, from central, southern and western Africa to Europe and Afghanistan, and make it clear that the terror group has long-term goals and aspirations, he added.

“Better understanding and continued monitoring of this structure are indispensable for countering and preventing the threat posed by Daesh,” Voronkov said.

He was speaking during a meeting of the Security Council to discuss the UN secretary-general’s 15th report on the threat posed by Daesh to international peace and security. It states that this threat remains particularly high in conflict zones. However it warns that it might soon spread to more stable areas where the extremist group and its affiliates are trying to “incite fear and project strength” as they constantly work to exploit “security gaps and conditions conducive to the spread of terrorism to recruit and to organize and execute complex attacks.”

The situation, the report adds, is further exacerbated by the downturn in the global economy and rising inflation, together with the measures adopted by governments to address them.

To know more: https://www.arabnews.com/node/2139566/world

Nasrallah speech sparks fears of power vacuum in Lebanon

 

BEIRUT: Doubts were cast over the upcoming presidential election in Lebanon later this year, after Hezbollah’s Secretary-General Hassan Nasrallah called on Lebanese officials “to form a government that enjoys its full powers to assume its responsibilities, whether or not a new president is elected,” on Tuesday.

It was the first time Nasrallah mentioned publicly the possibility of not holding the presidential elections, raising fears of a political vacuum in the crisis-stricken country, similar to that which preceded President Michel Aoun’s election in 2016, and which lasted over two years.

Prime Minister Najib Mikati was tasked on June 23 with forming a new Cabinet, which he presented to Aoun after parliamentary elections last May.

However, Makati’s lineup did not satisfy Aoun, who said the prime minister’s choices undermined him. Communication between the two has been fraught since then, and all attempts to revive forming a government have stalled.

Parliamentary Speaker Nabih Berri said in a statement he thought a resolution to the impasse at this stage would require “a miracle.”

As things stand, on Sept. 1, Parliament will turn into the elective body of the office of the president, with several rounds of voting set to take place to appoint a new head of state.

Ali Darwish, a member of Lebanon’s Parliament, told Arab News: “Each party has the right to express its opinion on the next political phase the way it deems convenient. Certainly, a government enjoying its full powers is better than a caretaker government. It is a sound demand because a government enjoying its full powers can take decisions.

“We want these elections to take place, just like other events — electing a new Parliament, and tasking the prime minister with the formation of a new government — to be carried out on time. Electing a new president for the country provides stability.”

To know more: https://www.arabnews.com/node/2139481/middle-east

Nancy Pelosi Says Xi Jinping Reacted To Taiwan Visit "Like A Scared Bully"

 

House Speaker Nancy Pelosi said members of Congress won't be intimidated by China's reaction to her visit to Taiwan and that Chinese President Xi Jinping was acting "like a scared bully."

Just because Xi "has his own insecurities, doesn't mean that I am going to have him do my schedule for members of Congress," Pelosi said Tuesday on NBC's "Today" show.

In a separate appearance on MSNBC's "Morning Joe" program, Pelosi said China can't control the schedules of members of Congress, and, "We're not going to be accomplices to his isolation of Taiwan."

"I think he's in a fragile place," Pelosi said, referring to China's economy. "He's acting like a scared bully."

Pelosi's stop in Taiwan last week while in the Asia-Pacific region drew a strong response from China, which conducted military exercises designed to demonstrate its ability to encircle the island and launched missiles that likely flew over Taipei and into waters Japan claims as an exclusive economic zone.

Pelosi said her trip was meant to reinforce President Joe Biden's focus on the region, though the White House has repeatedly said the decision to go was the House speaker's alone.

Cliff Collapses At UK Beach As Hot Weather Scorches Rocks:

 

The scorching heat that has gripped the United Kingdom is causing some unexpected havoc. In Devon, a series of dramatic cliff falls were reported in the coastal areas, leaving behind huge clouds of dust, according to The Telegraph.

It quoted local publications to say that two huge collapses and a number of smaller rock falls were reported on East Beach in Sidmouth, with pieces of cliff falling down "every half hour".

The recent rise in temperature has caused cracks in the Jurassic Coast's fragile cliffs and weakened the brittle surface and causing landslides.

The police in Devon shared a tweet about the cliff falls and warned people to avoid walking on the beach due to unstable cliffs.

To know more: https://www.ndtv.com/world-news/cliff-collapses-at-uk-beach-as-hot-weather-scorches-rocks-report-3241344

Amazon denies firing staff, says made changes in hiring plans

 

Amazon has refuted claims of firing employees. The company said that it has made changes to hiring plans for the future. Amazon's earnings report shows that it has 100,000 fewer staff but it does not mention that employees were laid off. The e-commerce giant did not backfill when the employees left for quite some time and has also cited normal attrition as the reason behind a decrease in headcount.

In the earnings report, Amazon CFO, Brian Olsavsky said that the company had reduced headcount by almost 27,000. "On the head count, yes, I think there was more, as we mentioned in Q1 we added 14,000 workers. Prior Last year, we had reduced our net head count by 27,000. So, we were pretty transparent about the fact that we had hired a lot of people in Q1 for the coverage of the Omicron variant. Luckily, that variant subsided, and we were left with a higher head count position. That has come down through adjusting our hiring levels and normal attrition and was pretty much resolved by the end of April or early part of May. So that is dominating the quarter-over-quarter reduction in head count," Olsavky said.

Google, too, has slowed down hiring. The company CEO Sundar Pichai had informed the employees through a memo about a slowdown in hiring.

To know more: https://www.indiatoday.in/technology/news/story/amazon-denies-firing-staff-says-made-changes-in-hiring-plans-1985790-2022-08-09

Russia Launches Iran Satellite, Stokes Ukraine Surveillance Concerns

 

Khayyam satellite: Russian space chief Yury Borisov hailed "an important milestone in Russian-Iranian bilateral cooperation, opening the way to the implementation of new and even larger projects", speaking at the Moscow-controlled Baikonur cosmodrome in the Kazakh steppe.

Almaty: 

An Iranian satellite launched by Russia blasted off from Kazakhstan Tuesday and reached orbit amid controversy that Moscow might use it to boost its surveillance of military targets in Ukraine.

As Russia's international isolation grows following Western sanctions over its invasion of Ukraine, the Kremlin is seeking to pivot Russia towards the Middle East, Asia and Africa and find new clients for the country's embattled space programme.

Russian space chief Yury Borisov hailed "an important milestone in Russian-Iranian bilateral cooperation, opening the way to the implementation of new and even larger projects", speaking at the Moscow-controlled Baikonur cosmodrome in the Kazakh steppe.

Iran's Telecommunications Minister Issa Zarepour, who also attended the launch, called the launch of the Khayyam satellite "historic" and "a turning point for the start of a new interaction in the field of space between our two countries".

To know more: https://www.ndtv.com/world-news/khayyam-satellite-russia-launches-iranian-satellite-amid-ukraine-war-concerns-3239359

Gautam Adani takes new tycoon risk to next level

 

MUMBAI, Aug 9 (Reuters Breakingviews) - Gautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed. There is none of the obvious financial profligacy that broke many of his rivals in recent years, but other concerns cast a shadow over the billionaire who is starting to get too big to fail.

At some $220 billion, the combined market value of the Adani group’s seven publicly traded companies, all of which carry the industrialist’s name, has increased tenfold in three years. Gautam Adani leads as chairman and is flanked by his wife, brother, two sons and some nephews in various roles. The family’s power rests with large equity stakes of up to 75%, including in the flagship Adani Enterprises (ADEL.NS) which houses data centres, roads and airports and incubates new projects.

To know more: https://www.reuters.com/breakingviews/gautam-adani-takes-new-tycoon-risk-next-level-2022-08-09/

NASA solves mystery of 'spaghetti-like' object found on surface of Mars

 

Scientists were left puzzled when a weird “spaghetti-like” object was spotted on Mars by the Perseverance rover. It sparked a lot of debate online and a number of experts came up with their own explanations about the “alien” material found on July 12. However, NASA has released an official statement about the object, and they said that it was actually a part of the rover itself.

According to the official briefing by the US space agency, the Dacron netting got detached from the entry, descent and landing (EDL) gear when the rover landed on the planet in February 2021.

“This particular piece of netting appears to have undergone significant unravelling/shredding, suggesting that it was subjected to strong forces,” the blog published by NASA stated.

To know more: https://www.wionews.com/science/nasa-solves-mystery-of-spaghetti-like-object-found-on-surface-of-mars-505156

Sanamacha Chanu : Champion in the World Wrestling Championship and Set Record in the 53-kilogram Weight Category

Sanamacha Chanu Indian Weightlifter

Sanamacha Chanu is an Indian weightlifter born on February 1, 1975. She is one of the most successful weightlifters of the country and has made India proud in many international competitions. Sanamacha Chanu is a name synonymous with the legacy of Manipur. She has been bestowed with the Arjuna Award in 2000 for her contributions in weightlifting to the country.​

Sanamacha Chanu is a name synonymous with the legacy of Manipur. She is one of the most successful weightlifters of the country and has made India proud in many international competitions. She has been bestowed with the Arjuna Award in 2000 for her contributions in weightlifting to the country. Sanamacha began her weightlifting career by joining a programme organised by the State Weightlifting Training Centre in 1991. The Sports Authority of India took her under its wings the very next year. She shot into the limelight after winning a gold medal in the junior national weightlifting championship in 1993.

An inspector in the CRPF, Sanamacha’s first Olympic experience was in Sydney. She finished sixth in that edition of the Games. Her best performance was at the 2002 Commonwealth Games in Manchester, where she won the gold medal in the 53-kg category. She was included in the contingent for the Athens Olympics on the strength of her showing in the World Weightlifting Championship, where she finished seventh.

Sanamacha Chanu became a member of the Central Reserve Police Force in 1996. She set foot in the world wrestling championship after that. She had been a national champion for eleven times in her career. She has also set national records for five times and was also the best weightlifter of the country for three times. Chanu had also been All India Police Meet Champion for five times. She had also participated in the World Weightlifting Police Meet and World Power Lifting Police Meet in 1999.

Sanamacha Chanu became a champion in the world wrestling championship and set record in the 53-kilogram weight category. She also won three gold medals in the Commonwealth Games held in Tonga region. She retired from international games in 2007. Currently she is working as the coach of central weight lifting team.

SANAMACHA CHANU’S MAJOR INTERNATIONAL ACHIEVEMENTS IN WEIGHTLIFTING:

• 3 Silver medal in 1996 WORLD WEIGHT-LIFTING CHAMPIONSHIP (Poland)
• 4th position in 1996 ASIAN WEIGHT-LIFTING CHAMPIONSHIP (Japan)
• 4th position in 1997 WORLD WEIGHT-LIFTING CHAMPIONSHIP (Thailand)
• 3 silver medals in 1998 WORLD WEIGHT-LIFTING CHAMPIONSHIP (Bulgaria)
• 3 gold medals in 1998 COMMONWEALTH WEIGHT-LIFTING CHAMPIONSHIP (Nauru)
• 3 silver medals in 1999 ASIAN WEIGHT-LIFTING CHAMPIONSHIP (China)
• 3 gold medals in 2000 ASIAN WEIGHT-LIFTING CHAMPIONSHIP (Japan)
• 4th position in 2000 SYDNEY OLYMPICS (Australia)
• 3 gold medals in 2000 COMMONWEALTH GAMES (England)
• 3 gold medals in 2003 COMMONWEALTH WEIGHT-LIFTING CHAMPIONSHIP (Tonga)
• 4th position in 2004 ATHENCE OLYMPICS
• 4th position in 2007 ASIAN WEIGHT-LIFTING CHAMPIONSHIP

SANAMACHA CHANU’S MAJOR NATIONAL ACHIEVEMENTS IN WEIGHTLIFTING:

• 11 times NATIONAL CHAMPION
• 5 times NATIOANL RECORD
• 3 times BEST WEIGHT-LIFTER
• 3 times NATIONAL GAMES CHAMPION / GAMES RECORD HOLDER
• Gold medal with new record in 1999 WORLD WEIGHT-LIFTING POLICE MEET (Sweden)
• Gold medal in 1999 WORLD POWERLIFTING POLICE MEET (Sweden)
• 5 times ALL INDIA POLICE MEET CHAMPION