The Times of India

Telugu News

Thursday, September 24, 2009

Chandrayaan detects water on Moon

India's maiden moon mission Chandrayaan-I has detected evidence of water across the lunar surface, scientists announced on Thursday.
Moon Mineralogy Mapper, a NASA instrument onboard Chandrayaan-I, detected wavelengths of reflected light that would indicate a chemical bond between hydrogen and oxygen in materials on the thin layer of upper soil.

The Moon Mineralogy Mapper or M3 has confirmed existence of water on moon by analysing the data collected from Chandrayaan-I.
 

India's maiden moon mission Chandrayaan-I has detected evidence of water across the lunar surface, scientists announced on Thursday.
Moon Mineralogy Mapper, a NASA instrument onboard Chandrayaan-I, detected wavelengths of reflected light that would indicate a chemical bond between hydrogen and oxygen in materials on the thin layer of upper soil.

The Moon Mineralogy Mapper or M3 has confirmed existence of water on moon by analysing the data collected from Chandrayaan-I.
 

Scientists believe that the water could have been formed due to interaction of oxygen present in rocks and soil on moon with hydrogen in the form of protons emitted by the sun as a result of nuclear fusion.

As these protons hit the moon, they break apart oxygen bonds in soil materials, and where free oxygen and hydrogen are together, there's a high chance that trace amounts of water will be formed, said Larry Taylor from the University of Tennessee, who was among the M3 team of scientists.

The M3 instrument analyzed how sunlight reflected off the lunar surface to identify water particles in which scientists observed elements of chemical bonding alike water.
 

However, the instrument can only see the very uppermost layers of the lunar soil -- perhaps to a few centimeters below the surface.

They studied the light that is reflected in different wavelengths of different minerals, and used those differences to know what is present in the thin layer of upper soil

According to the scientists, it was water, previously theorised but not proven to exist only in permanently shadowed craters at the lunar poles.

Taylor and other M3 team members believe their findings will be of particular significance as mankind continues to plan for a return to the moon.

The lunar maps created by M3 could provide mission planners with prime locations for extraction of water from the lunar soil.

The findings will be published in this week's online edition of Science Express journal.

Man to become immortal by 2029: scientist

  A futuristic American scientist has predicted that man could become immortal in as little as 20 years' time through nanotechnology and better understanding of the body mechanism.

Ray Kurzweil, known to have predicted future technologies decades ahead has written in The Sun, 'I and many other scientists now believe that in around 20 years we will have the means to re-programme our bodies' stone-age software so we can halt, then reverse, ageing. Then nano-technology will let us live for ever.'

The 61-year-old, lauded by Microsoft founder Bill Gates as the smartest futurist on Earth said," We are living through the most exciting period of human history.  

'Computer technology and our understanding of genes -- our body's software programs -- are accelerating at an incredible rate.'

The scientist says that already, blood cell-sized submarines called nanobots are being tested in animals. These will soon be used to destroy tumours, unblock clots and perform operations without scars.

Ultimately, nanobots will replace blood cells and do their work thousands of times more effectively, he added.

According to his theory called the Law of Accelerating Returns mankind will experience a billion-fold increase in technological capability for the same cost in the next 25 years.

Nanotechnology will help in making humans achieve immortality said Kurzweil, 'By the middle of the next century we will have back-up copies of the information in our bodies and brains that make us who we are. Then we really will be immortal.'

'Nanotechnology will extend our mental capacities to such an extent we will be able to write books within minutes. If we want to go into virtual-reality mode, nanobots will shut down brain signals and take us wherever we want to go. Virtual sex will become commonplace. And in our daily lives, hologram like figures will pop in our brain to explain what is happening,' he said.

The scientist also predicts that humans in future will become cyborgs, with artificial limbs and organs.

Thursday, September 17, 2009

Oracle Results Offer Tech Reality Check

 
Oracle's first-quarter results have provided a reality check for the resurgent tech sector, as the software maker's sales came in below analysts' estimates.

The database giant, which posted its results after market close Wednesday, was in line with analysts' profit forecast, but its revenue felt the effects of weak demand, especially overseas. Oracle's shares dipped 79 cents, or 3.57%, to $21.34 in pre-market trading Thursday as investors digested the revenue miss.

Oracle's license revenue, in particular, took a hit, according to Safra Catz, the company's president.

 
"We had slower than usual growth in database middleware license revenue in Europe and APAC," she said, during a conference call late Wednesday. This was largely thanks to a tough year-over-year comparison and the fact that software resellers such as SAP are selling fewer databases, she added. To illustrate this point, Catz explained that SAP's applications business is down 40%.
 
Oracle's results were also impacted by foreign currency, which reduced its GAAP earnings by 2 cents a share.
 
The company, however, is still seen as a good bet by analysts, who point to its strong gross margins and solid second-quarter guidance.
 
"We remain a 'Buy' despite weaker first-quarter license [revenue]," wrote Ross MacMillan, an analyst at Jefferies & Company, in a note released Thursday. The analyst pointed to Oracle's non-GAAP gross margin of 80%, which came in above Jefferies' estimate of 78%, as evidence of the company's health.
 
Excluding items, Oracle expects second-quarter earnings between 35 cents a share and 36 cents a share, up from 34 cents in the same period last year. Analysts surveyed by Thomson Reuters had predicted second-quarter earnings of 36 cents a share.
 

Frankfurt Auto Show 2009 - From Ferrari to Rolls, they are all there !

Putting aside the financial woes that threatened to engulf the automobile industry in a post-Lehman Brothers world, 753 manufacturers are back at the Frankfurt Auto Show 2009 to flaunt their wares. From compacts to super-premium vehicles, the companies have new models to offer. Crisis in the automotive industry is not over yet, but there are increasing signs that the bottom might have been reached.


Volkswagen L1: The most fuel-efficient car

The new 1-litre concept car -- so named because it consumes only 1.38 litres of diesel per 100 km. It features a carbon fiber/plastic body and weighs just 380 kg.

The L1's CO2 emissions are pretty low: just 36 grams per km.

Top speed is 100 mph. The tandem seats are accessible from a hinged roof cover.

The L1 has two driving modes -- eco and sport.
 

Ferrari 458 Italia wows Frankfurt

It's a whole new look for Ferrari's mid-engined supercar, combining aerospace alloys with a Pininfarina design.

The nose and the small 'aeroelastic' winglets deform as the Italia's speed rises, shrinking the size of the radiator inlets and lowering drag.

The 458 Italia is 570hp at 9,000 howling revs.

The interior has an upmarket feel and there's even power adjustment to the steering wheel.

Maserati GranCabrio: The new exclusive cabriolet

The GranCabrio represents the very essence of Maserati in terms of open-top cars.

It is powered by a 4.7 litre V8, 323 kW engine and is the convertible with the longest wheelbase in the market.

The GranCabrio's roof is strictly canvas-made, emphasising the Maserati tradition.

The Maserati GranCabrio will be marketed starting next winter.

Audi R8 Spyder goes topless

The top-of-the-line R8 Spyder 5.2 FSI quattro features a V10 engine outputting 525 horsepower and a zero-to-100-km-an-hour time of just 4.1 seconds, according to the automaker.

The two-seater has a cloth top weighing only 30 kg and it features the aluminum Audi Space Frame, giving the car a weight of just 1,720 kg.

The R8 Spyder comes standard with a six-speed manual transmission and 5.2-litre engine featuring FSI direct fuel injection. It is also available with an optional six-speed automatic transmission.

The R8 Spyder has a top speed of 313 km per hour and it features plenty of safety items, including quattro permanent all-wheel drive, rollover protection in the bulkhead, air bags in front and head and thorax side air bags in the backrests.

The new R8 Spyder will be available next spring.

Frankfurt Auto Show all set to dazzle‎

Held once every two years, the Frankfurt Auto Show IAA (Internationale Automobil Ausstellung) is the largest in the industry.

From Volkswagen to BMW, Mercedes to Porsche, the German automakers take centerstage at the Frankfurt Motor Show.

The Vision concept is powered by three sources

As a plug-in full hybrid with a turbodiesel engine, upward-pivoting doors and radical styling, BMW's 4-seat Vision EfficientDynamics concept car is packed with technology.

The interior of the car has a flowing instrument panel and a seating arrangement designed to give passengers a floating-in-air feel.

The upholstery is mostly made with natural materials although Kevlar is used for the seats. New technology such as a 3- dimensional head-up display and BMW night vision is included.

The chassis of the Vision EfficientDynamics Concept is constructed mostly from aluminum, with the roof and the exterior body made almost entirely from a special polycarbonate material.

The car is 181.1 inches long, 74.8 inches wide and 48.8 inches tall.

Only 15 Lamborghini Reventon Roadsters will ever be built

With a 6.5-litre, all aluminium V12 producing 661bhp, the Reventon will catapult from 0-62mph in 3.4 seconds.

Reventon is simply massive -- 15 ft, 4 inches long and 6 ft, 9 inches wide.

It ranks as the most powerful and expensive Lamborghini to date, costing Euro 1 million.

The exterior styling was inspired by the 'the fastest airplanes'. The Reventon is named after a fighting bull in keeping with Lamborghini tradition.

Twizy ZE: New era of electric mobility

Twizy Z.E. Concept is an all-electric vehicle aimed primarily at busy city dwellers who need to pick their way through the urban jungle.

The ultra-compact dimensions of Twizy Z.E. Concept (2.30 meter in length, and just 1.13 meter wide) ensure that it is nimble enough for urban use.

The four-wheel arrangement, open bodywork and a seat format which puts the driver and passenger behind one another express Twizy Z.E. Concept's distinctive character.

Jaguar XJ makes an impact

The new XJ hits showrooms in Europe early next year with a choice of V8 petrol and 3.0 diesel engines.

All models come with a panoramic roof and virtual instruments as standard.

Prices start at pound 52,500 for the standard wheelbase 3.0-litre V6 diesel Luxury model while the flagship 5.0-litre V8 supercharged long-wheelbase version would cost pound 88,000.

Each Rolls-Royce Ghost is hand-built to order

The Ghost is built around a steel monococque chassis and suspension system including Dynamic Stability Control and Anti-Roll Stabilisation to create a more dynamic drive.

Powered by a new twin turbo 6.6-litre V12 engine, it is virtually silent, with 80 per cent of its torque available from idle.

Coupled with the 8-speed ZF gearbox it accelerates from 0-62 mph in just 4.9 seconds and has a governed top-speed of 155 mph.

 

Bank cuts rates, here's why your EMI won't change

Every time you hear the news about an interest rate cut you would heave a sigh of relief thinking that the next EMI would be less than the current month's. However, the truth is most banks do not immediately pass on the benefits of the interest rate cuts to its existing customers.

So your next month's EMI will be the same and will not change probably until the beginning of the next quarter. At the end of the day you will be wondering why and how your bank has not passed on the interest rate cut on your home loan yet, or fear what repercussions it might have on your budget and about the best option available to you to minimize the impact.

Read on to find out the truth about how change in interest rates work and why a change in rate cut doesn't always mean an immediate lower EMI.

How change in interest rates work

The trend of offering lower interest rate on home loans is not a secret, at least in India. Whenever there is a shortfall in selling home loans or during festive seasons, banks line up to announce home loans at cheaper rate of interest. The idea is to attract maximum new customers at a lower rate of interest.

The new customers will definitely stand to benefit here but at a floating rate of interest the cheap offer just means an increase in interest rate is only round the corner probably till the period mentioned in the 'reset' clause on your agreement. This 'reset' clause is the same reason why the same rate cut for new customers has not been applied to you, an existing customer. So what is this 'reset' clause all about?

What is a 'reset' clause and how it could affect you!

Basically there are two aspects to consider when banks decide to hike or reduce their interest rates for its home loan customers. One, the exact percentage of interest rate cut or increase; and two, the reset clause.

A part of your loan agreement, the reset clause is the actual time period required by the bank from which the rate cuts or hike will be implemented. The rate reset clause could be monthly, quarterly, half-yearly or even yearly.

This means that if a rate cut is announced say sometime in March in the current year for a loan taken by you last November and your agreement mentions about a quarterly reset clause then the next reset dates will be applied only in November, February, May, and August.

Of course, this will vary according to the loan conditions. Hence, the benefit of the rate cut on interest announced in March will be reflected in your EMI only from the month of May and not in March. Moreover, the rate cut benefit will accrue on the principal outstanding from May and not March. For instance, if you have an outstanding loan amount of Rs 10 lakh say in March and Rs 9.50 lakh in May, the new interest rate will apply only on Rs 9.50 lakh.

But why a 'reset' clause is required at all?

The reset clause is required by the banks for ease of calculation and to maintain a confidence in the process. Consider the chaotic scenario where the interest rates on millions of rupees sanctioned in the form of loans are reset on any random day!

The banks will end up with the impossible task of calculating the interest every single day on different loan amounts which could equally affect the borrower. The specific time mentioned in the reset clause to adjust the change in interest rates at regular intervals will help the lender and the borrower ensure an orderly calculation, disbursement, payment and collection.

What can you do to minimize the impact?

Unfortunately, there is not much you could do as a borrower as far as the rate cuts are concerned. In most cases, your loan agreement will not allow you to negotiate on the rate cuts. Also, the banks do not engage in negotiation with the borrowers on this point as their specific products have a specific reset clause.

Probably the one best thing for you to do is negotiate with your bank to reset the clause to every quarter if your agreement has mentioned about a half yearly or in worse cases an annual reset clause. This way you can save the money paid on interest rate.
 

Do you know where to invest your money ?

Welcome to the world of investments. How many of you can confidently say that you are well aware of all the investment avenues available? Not all. There is a plethora of investment options available in the market today. But then the options must be selected based on the goals you want to achieve in life and the time frame in which you want to achieve it.

Let us take a trip down the different paths of investment world.

This is the first part where in we will explore different options available under equities:

Equity

I guess one of the most talked about asset class in recent years. So what is equity investment? It refers to buying and holding of shares or stocks in a stock market by an individual and funds in anticipation of income by way of dividend and capital gain as the value of the stock rises. Equity investment is a good form of long-term investments. There are various ways of investing in equity:

Direct investment: Refers to buying and selling (trading) in the stocks or shares on the exchange. In order to trade you need to have a demat account. As for trading you need to register with a broker or you can have an online trading account which is linked to your demat account and your bank account through which you can trade.

This form of investment in equities is for investors who regularly follow the stock market. Investors who are looking for developing long-term wealth should not indulge in speculative trading (buying and selling within a short span of time). Also investments in stocks or scripts should not be done based on tips that you have received from your friendly neighbor or relatives.

 Investment should be done after a thorough analysis of the company, sector, and industry on the whole. We have heard many stories where people have lost their entire wealth by investing based on tips. Also do remember, one can never time the market. So be careful when you are investing directly.

Portfolio management services (PMS): In return for a fee, trained professional portfolio managers allocate your assets in various asset classes depending upon your personal investment goals and risk preferences. PMS is not restricted to only investing in equity and equity mutual funds. They also include investment in bonds. The advantage of this form of investment: professional expertise for your hard earned money, transparency and flexibility. You do not have to overlook in the day-to-day management. You are given an online user name and password that grants you an online access to your portfolio that keeps you up to date. The fee structure can also be selected either on performance or on a fixed basis.

The disadvantages: the minimum requirement for PMS is generally very high, that is., most of the PMS are offered where the portfolio offered to manage is at least Rs 25 lakh. The fee charged is also high. Generally losses are not shared when you opt for performance-based fees. This form of investment is especially good for high net worth individuals who have money but no time to monitor them.
 

GE Healthcare bullish on growth in India

GE Healthcare, the $17-billion medical technologies unit of General Electric Company, sees 10-15 years of unabated growth in India.
V Raja, president and chief executive officer of GE Healthcare India, shares the company's plans for India.

What products are currently being developed at your Bangalore campus?

A lot of infant deaths happen due to the absence of proper infant care products. We are developing products related to infant care, including baby warmers, phototherapy and incubators, and MAC 400, an ECG designed to help physicians predict and diagnose patients at risk of heart attacks.

Ultrasound and X-ray applications on digitised platforms are also being developed here. Price becomes a challenge in a country like India and, hence, we are trying to halve the cost and give higher outcome.

About transferring some of your technologies to India and localisation of your products...

As we launch any product globally, we try to bring it to India at the same time. Our idea is to bring and sell at an affordable price point in India. We are looking at a couple of modules to enlarge our manufacturing footprint here by way of our engineering and technological capabilities.

While continuing to manufacture components and accessories for the global markets, our goal is to make finished products in the country. At present, 8-10 per cent of what we sell here is made in India and we aim to take this to 25 per cent in the next three years and to 50 per cent in five years from now.

Now that you have formalised product development and localisation plans, are you looking at scaling up your headcount?

Our 40,000-sq ft lab in Bangalore has 1,000-odd engineers and scientists focusing on designing and development of medical technologies. In the next two years, we should be adding 150 to 200 people each year.

How much does India contribute to GE Healthcare's global revenues and what is your outlook for the coming years?

Globally, we are a $17-billion company and the domestic market's share of this is half-a-billion dollars, including exports. We should be able to clock 20 per cent growth every year and reach $1 billion in the next five years.

What is the current status of GE Healthcare's PPP (public-private-partnership) initiative?

There is huge healthcare infrastructure in India, but the utilisation is very low. Hence, we are partnering various state governments to provide holistic solutions. We have signed an MoU with the Gujarat government to deploy technologies in all the teaching and medical hospitals under the PPP model, besides implementing the same in Madhya Pradesh  and Uttar Pradesh.

We are now in the process of (also) working with five to six other state governments. We have started with diagnostic imaging solutions and people are seeing a lot of merit in this. We plan to replicate this PPP model with other technologies as well, including maternal and infant care.

The top 10 excuses people use to avoid sex

The humble headache has had its day as far as excuses to avoid sex are concerned, for now the reigning white lie to snub a romp is 'I'm too tired', says a new survey.

'I've got a headache' has lost its lustre and fallen to number three in the list behind 'I'm not in the mood'.

Other white lies to make the top five included 'I've got to get up early in the morning' and 'I'm pre-occupied with work'.

The conclusion was made after studying 4,000 adults.

The not-so-kinky research also revealed that one in five Brits regularly make excuses to avoid having sex.

Seven out of 10 said they were often too exhausted to enjoy sex. And four out of 10 said the recession had played havoc with their sex life, the study found, reports The Telegraph.

A spokesman for www.OnePoll.com, which carried out the study, said: "The humble headache has had its day as far as excuses are concerned."

"Tiredness plays a much bigger part in our reasons not to climb between the sheets these days and enjoy some quality time together."

"And it's hardly surprising when we are all working longer hours than ever before and have so many things to worry about."

"Fears over whether we will be able to pay our mortgages or even whether we will have a job in a month's time are bound to affect our bedroom performance."

"It was intriguing to see just how the recession has affected our passion levels too."

The report also found men are more likely to make excuses than women with 27 percent admitting they often avoided sex compared to 18 percent of women.

Top Ten Sex Excuses:

1. Too tired

2. 'I'm not in the mood'

3. 'I've got a headache'

4. 'I've got to get up early in the morning'

5. 'I'm pre-occupied with work'

6. 'I'm angry with you'

7. 'I can hear one of the children'

8. 'You need a shower'

9. 'I've got a bad back'

10. 'Too soon in our relationship'

TCS eyes 6-7 deals over $100 mn in Latin America

Tata Consultancy Services, is eyeing six-seven deals worth over $100 million in the Latin American region.

"Some of these deals are from Mexico and Brazil, from verticals like telecom, banking & insurance, retail and manufacturing as well," said Gabriel Rozman, head of emerging markets, TCS.

Further, as a part of its continued expansion plan across Latin America, TCS has set up its delivery centre in Argentina. This is the eighth centre for the company in the region at a cost of $2 million (around Rs 10 crore). The centre, spread over 10,000 square metres, will initially employ 250 professionals, but has the capacity to house 1,000 people.

TCS recently announced the opening of a centre in Queretaro Mexico, in addition to centres available in Brazil, Argentina, Uruguay and Mexico. This is also the third Global Service Center for BPO in Latin America in addition to the TCS facilities in Chile and Uruguay.

The centre will provide consulting, advanced IT solutions, business process outsourcing services and IT product implementations. In addition, the centre will house the company's first regional SAP Center of Excellence). Almost 50 per cent of the work done from this centre will be for the Spanish speaking requirements of the US market.

"More and more customers prefer to have dual strategy and they are looking at India plus one more geographical presence. That is where Latin America is being preferred. Currently, one-third of work that happens in Latin America caters to customers in the US, while the rest of the work is for local clients," said Rozman.

Latin America's contribution to TCS' revenue is 4.6 per cent. The Indian IT giant has been in Latin America since 2002 and has mostly grown its operations organically. TCS' Latin America's headcount is 7,000.

The company has focused on hiring locals as it grew in the region. Currently, the ratio percentage of Indians to local employees in Latin America is 3:97.

How to secure your firewall ?

If you are a chief information officer, or someone responsible for your company's network, ask yourself this question now.

"Can I tell exactly how my critical and high value hosts and applications are protected? That is, can I describe the full extent of allowed access to these hosts and all the services and all the network resources that can connect to these hosts?"

An associated question is: "If any of my critical hosts are compromised, what else becomes vulnerable on my network?"

If you are like the majority of CIOs and systems managers across the world, the chances are that you have a written policy that limits the services and resources that can connect to your critical business assets.

You would expect your systems administrator to adhere to this policy when implementing your network access rules. This represents your corporate security policy.

Having a written corporate policy is good, but not good enough.

Can you verify it? It is not uncommon for system administrators to drift from corporate rules when programming network devices. They have several responsibilities, are constantly stressed to deliver a variety of services to their corporate users, and being human, can make the occasional mistakes.

The crucial point is: Can you verify that your critical business assets are always protected, at least to the extent that your technology allows you to do so? Without the ability to verify, your corporate security policy states intent but cannot be enforced.

You can always test your network to determine whether accesses to your most important resources are within corporate guidelines.

But it is impractical and perhaps disruptive to constantly test your network. Testing is also not comprehensive because there are limits to available time and resources. So you will test only against a subset of the universe of possible attack vectors.

 

The role of the firewall

The firewall is the single most critical item of hardware or software in a network that is responsible for its security.

A firewall's configuration (or programming) determines the type of connections it will allow and those that it will not. A firewall configuration is written in a very low level language that is proprietary to the manufacturer of the firewall.

So, Cisco will have its own language and Checkpoint will have its own and their syntax will have nothing in common.

A desired corporate policy is translated into firewall rules that are programmed into the firewall. Mistakes in programming can cause the actual policy on the network to be at variance with the intended policy. This is a truly risky situation because you cannot verify what is implemented.

A firewall with many hundred rules can be very complex to understand manually. Additionally, firewalls have different default behaviors that must be taken into account to understand how they respond to the data traffic through them.

Firewall rules work together to implement security policy and hence must be analysed together, rather than individually.

Two types of situations can occur through mistakes in programming. The first is where a required business service or asset is not given access when it should be.

This situation will be discovered when someone who needs the asset or service finds it is not available. This is easily fixed although it results in a temporary disruption of service and hence is relatively harmless.

The second is a serious problem and results in a hidden security time bomb in your network. A business service or asset is accidentally exposed. You will not find users complaining because there is no disruption of service.

You will not discover the exposure until the network is thoroughly tested which may not happen. The fact that manual verification of firewalls is difficult means that it is usually not done. The exposure stays and critical business assets are put at risk.

It is well known that in 85 per cent of the companies where breaches have occurred, mistakes in firewall configurations were the root cause.

Dangerous services that are known to be used in attacks were left exposed without reason.

New breed of analytical tools

The system administrator has, until now, not had the benefit of tools to help him verify firewall configurations. That situation is, gladly, changing.

Firewall analysis is an area in which there is extensive current research and several companies have products that offer varying degrees of support to help establish confidence in implemented firewall policies.

It is certainly clear that unless you have tool support, system administrators and CIOs cannot be absolutely sure of the soundness of implemented policy.

The low level nature (and diversity) of firewall programming options and the fact that there can be thousands of rules in a firewall configuration, preclude manual verification.

A new breed of sophisticated analytical tools is now available in the market. These are products that analyze firewall configurations and determine, in detail, the complete set of network assets and services that are allowed access though the firewall. So you can use these tools to verify that firewalls have been programmed correctly.

These tools work largely off-line and can be run as many times as there are firewall programming changes.

They provide detailed reports on assets that can be accessed from various sub-networks within the corporate and from the Internet.

Running these tools does not disrupt the network since they do not intercept traffic or inject extraneous data packets into the network.

Analytical tools are comprehensive because they evaluate the entire spectrum of possible network access vectors.

So you will know all the services and all the assets that are exposed in violation of your corporate policy, with a single run of the tool.

Tools of this kind simplify management of network security because the complex manual task of verifying firewall programming is automated and can be repeated at any frequency that is desired. You can use these tools pro-actively, to audit your network on a continuous basis.

Security policy can now be defined and enforced because it can be verified as often as required.

Security Officers should take cognizance of this new breed of tools if they want to ensure that their networks stay secure.

The old faithful firewall continues to be the chief bulwark against network attacks despite the fact that today there are intrusion detection and prevention systems. The firewalls are the first line of defense and the most important one.

Heterogeneous firewalls from different manufacturers are often used at different points in the network as a form of defense-in-depth strategy.

While this is a good strategy, it makes the task of the network administrator more complex since he or she has to understand and manage devices that are complex and different from each other. This non-standardization of firewall hardware is a strength and a weakness.

It makes the task of finding network weaknesses hard for both the attacker (strength) and the network administrator (weakness).

Tools that analyse network security using software algorithms take the difficulty out of ensuring that the right policy is implemented.

Continuous auditing and compliance using these tools implies that your first line of network defense, the firewall, is continuously secure and complies with all regulations required of your corporate. You can sleep easy.

Bengal may give 50 acres each to Infy, Wipro

The West Bengal government is desperate to keep Infosys and Wipro from going away from the state.

Shortly after scrapping the proposed IT township project -- Vedic Village -- at Rajarhat near Kolkata, West Bengal Chief Minister Buddhadeb Bhattacharjee said late on Wednesday that the two IT majors must be retained in the state, reports the Indian Express.

Earlier, the state government had said that it had suggested alternative land to Infosys and Wipro, but the proposal was rejected by the tech majors.

However, hours after the chief minister firmly stated that employment and investment opportunities in the state would be badly affected if the two tech majors were to leave, Housing Minister Gautam Deb informed that Infosys and Wipro would each be given 50 acres of land in Rajarhat, outside the Vedic Village, the Indian Express report adds.

The two technology companies had asked for 50 acres and the state would provide them with the land. Meanwhile, PTI reports that the chief minister, while addressing meeting of the ruling Left Front in Kolkata, said: "The government wants to see that the two companies did business in the state."
 

Gopinath reduces stake in Kingfisher Airlines

 
Kingfisher Airlines on Thursday said its vice-chairman G R Gopinath has reduced his stake in the air carrier to 1.75 per cent after selling shares worth Rs 4.03 crore (Rs 40.3 million).

Gopinath sold 8,63,035 shares representing 0.32 per cent stake in the company for Rs 4.03 crore, Kingfisher Airlines said in a disclosure on the Bombay Stock Exchange.

On September 15, Gopinath has sold a total of 13,59,473 shares of the private carrier for Rs 6.31 crore through five separate transactions.Gopinath had 88,50,190 shares of Kingfisher, representing 3.33 per cent stake, as on June 30, 2009.

Gopinath, who held over 9 per cent stake in the company in June 2008, is on a selling spree since then. Gopinath had started Air Deccan in 2003 and sold it to Vijay Mallya-owned Kingfisher in 2007. 

Monday, September 7, 2009

Google developing online version of Monopoly


Google will be working with giant toy company Hasbro to produce a spectacular online version of Monopoly, say reports. The game uses Google Maps as a board, allowing players to choose from millions of streets worldwide in their bid to become virtual property tycoons.

The rules are almost the same as the traditional board game, where only one person can buy an address, and then build on the plot to earn extra rent and increase their fortune.


However, the online version also lets players build skyscrapers, football stadiums, and other buildings as well as the usual houses and hotels. And the 'chance' cards give players the chance to ruin rivals by building prisons, rubbish dumps and sewage works on their streets.


Players start with three million Monopoly dollars, with Downing Street costing 231,000 dollars, and Pennsylvania Avenue in Washington, where the White House stands, costing two million dollars.


Rent is paid automatically each day, from 50,000 dollars for a house to 100 million dollars for a skyscraper.


The free game, which has no real cash prize, is being run to promote the new 3D Monopoly City game. "It's a chance to escape the harsh reality of recession and enjoy building up an empire," the Sun quoted Hasbro as saying.

Onida to say goodbye to its 'iconic' devil


In the face of India's changing consumer tastes, Onida has decided to say goodbye to the 'devil', the company's mascot that for years aroused envy of neighbours who didn't own its TV sets, and relaunch the brand.

The company's 'devil' ad campaign, whose tagline was 'neighbour's envy, owner's pride, was a rage at one point in time, but the Indian multinational feels it has outlived its objective due to change in taste and financial capability of the consumer.


At the time this famous campaign was launched, owning a television was a matter of pride for Indians. However, things have changed in the last 20 years due to liberalisation which has expanded market for both domestic and global brands as well as spending capabilities and owning a TV is no more a subject of neighbour's envy.


"Onida is in the process of building a completely new brand mascot to appeal to India's new consumerism. Noted ad veteran Prasoon Joshi and his team is helping the company in the brand re-birth process," a senior company official said, while confirming that a decision has been taken to send the devil back to where it belongs.


With stiff competition from international brands like LG and Samsung, Onida is now preparing to rebuild its brand to appeal to the new age Indian consumers.


"It is just like Air India doing away with its popular mascot Maharaja. Devil is no longer considered relevant in today's market," he said.


Onida, established in 1982 under Mirc Electronics , today enjoys a strong equity among consumers making it one of the leading brands in India. It offers a wide range of household appliances, including air-conditioners, washing machines, DVDs, plasma and LCD televisions and home theatre systems.


Onida has a network of over 33 branch offices, 208 customer relation centers and 41 depots spread across India. Once discontinued in 1998, the devil was brought back by the company in 2004, the official said, adding that now the time has come to move on.


Asked by when the new ad campaign would be launched, he said by September-end the brand would be revealed as the contours are being finalised by the team working on it.


"Since the devil has become as good as a logo for Onida products, shelving it is a brave decision and a brave step for the company," the official said.

Saturday, September 5, 2009

Basics of Public Provident Fund (PPF)

At one point in time or the other we would have come across 'Public Provident Fund' as an effective investing instrument. But how much do we know about Public Provident Fund, or PPF?

What is the Public Provident Fund?

PPF is a long-term, government-backed small savings scheme of the Central government started with the objective of providing old age income security to the workers in the unorganised sector and self-employed individuals.

What is the interest rate offered through PPF?

Currently, the interest rate offered through PPF is around 8 per cent, which is compounded annually. Interest is calculated on the lowest balance between the fifth day and last day of the calendar month and is credited to the account on March 31 every year. So to derive the maximum, the deposits should be made between 1st and 5th day of the month.

What is duration of the investment?

People who are interested in liquidity or small-term gains would not be very keen about PPF because the duration for the investment is 15 years.

However, the effective period works out to 16 years i.e., the year of opening the account and adding 15 years to it. The contribution made in the 16th financial year will not earn any interest but one can take advantage of the tax rebate.

The account holder has an option to extend the PPF account for any period in a block of five years after the minimum duration elapses. The account holder can retain the account after maturity for any period without making any further deposits.

The balance in the account will continue to earn interest at normal rate as admissible on PPF account till the account is closed.

What is the minimum and maximum amount of deposit?

The minimum deposit that you can make into a PPF account in a year is Rs 500. The maximum is Rs 70,000.

Who can open a PPF account and where?

A PPF account can be opened by an individual (salaried or non-salaried) on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family (HUF) of which he is a member or on behalf of an association of persons or a body of individuals. An individual can open only one account for himself.

A PPF account can be opened with a minimum deposit of Rs 100 at any branch of the State Bank of India  or branches of its associated banks like the State Bank of Mysore or Hyderabad. The account can also be opened at the branches of a few nationalized banks, like the Bank of India, Central Bank of India and Bank of Baroda , and at any head post office or general post office.

What are the tax benefits from PPF?

The amount you invest is eligible for deduction under the Rs 100,000 limit of Section 80C. On maturity, the entire amount including the interest is non-taxable.

Is it possible to withdraw the amount deposited at any time during the tenure?

Yes. You can take a loan on the PPF from the third year of opening your account to the sixth year. So, if the account is opened during the financial year 2009-10, the first loan can be taken during financial year 2011-12 (the financial year is from April 1 to March 31).

The loan amount will be up to a maximum of 25 per cent of the balance in your account at the end of the first financial year. You can make withdrawals during any one year from the sixth year.

You are allowed to withdraw 50 per cent of the balance at the end of the fourth year, preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower. For e.g., if the account was opened in 2000-01, and the first withdrawal was made during 2006-07, the amount you can withdraw is limited to 50 per cent of the balance as on March 31, 2003, or March 31, 2006, whichever is lower.

What are the differences and similarities between the National Savings Certificate (NSC) and PPF?

National Savings Certificate (NSC)

Public Provident Fund (PPF)

Interest Paid: 8%, compounded half-yearly

Interest Paid: 8%, compounded annually

No monthly/yearly payments

No monthly/yearly payments

Minimum investment: Rs 100

Maximum investment: No Limit

Minimum investment: Rs 500 (required annually)

Maximum investment: Rs 70,000

Duration of investment: 6 years

Duration of investment: 15 years

Can be used as a security for mortgage and other purposes

Cannot be used for such purposes

Tax benefit under Section 80 'C' available.

Maximum limit: Rs 100,000

Tax benefit under Section 80 'C' available.

Maximum limit: Rs 70,000 (limit of the investment in PPF)

Good medium-term investment option

Good long-term investment option

Income Tax slabs for 2009-10

Slabs for all under  the age of 65:

  • Exemption limit raised from Rs. 1,50,000 to Rs. 1,60,000
  • Upto Rs. 1,60,000                        Nil
  • Rs. 1,60,001 to Rs. 3,00,000         10%
  • Rs. 3,00,001 to Rs. 5,00,000         20%
  • Above Rs. 5,00,000                      30%
  •  

    Slabs for women under  the age of 65:

 
 
Slabs for women under  the age of 65:

  • Exemption limit raised from Rs. 1,80,000 to Rs. 1,90,000
  • Upto Rs. 1,90,000                        Nil
  • Rs. 1,90,001 to Rs. 3,00,000         10%
  • Rs. 3,00,001 to Rs. 5,00,000         20%
  • Above Rs. 5,00,000                      30%

       
      Slabs for senior citizens (over 65 years)

      • Exemption limit raised from Rs. 2,25,000 to 2,40,000
      • Upto Rs. 2,40,000                        Nil
      • Rs. 2,40,001 to Rs. 3,00,000         10%
      • Rs. 3,00,001 to Rs. 5,00,000         20%
      • Above Rs. 5,00,000                      30%

          Friday, September 4, 2009

          Hiring to pick up in Q3 as economy shows signs of recovery

          Hiring activity particularly in the manufacturing and infrastructure sectors is expected to pick up in the third quarter of this fiscal on the back of the country's economy showing signs of recovery, a top official of online recruitment portal Naukri.com said.

          "We expect the hiring exercise to pick up a bit, particularly in key sectors like manufacturing and infrastructure in the third quarter of 2009-10," Info Edge (that runs Naukri.com portal) managing director Sanjeev Bikhchandani told reporters in Chandigarh on Friday.

          Bikhchandani said as per our job index, the overall hiring activity has increased by 8 to 10 per cent in the last three months, although it is not on the higher side. "It indicates that the economy is getting into the recovery mode which will boost recruitment market," he said.

          He further said six other industry sectors such as information technology, real estate, retail advertising, media and exports would continue to exhibit less job creation in these segments.

          "I do not think there will be much job creation in these sectors this year," he asserted.

          Info Edge has a network of 60 offices located in 40 cities throughout India. To cater for the Gulf market it has two offices in Dubai and one in Bahrain and Riyadh each.

          11 ways to liberalise the Internet

           
          How is the Internet related to the economy? How can it boost the country's gross domestic product?

          Well, a strong Internet backbone can impact several sectors of the economy and boost its growth. It can help in education through e-learning, support farmers with agricultural know-how and provide a better e-governance model.

          Besides this, it will improve national health with the propagation of medicine or tele-medicine and offer better employment opportunities

          Moreover, the growth of Internet will reduce the both national and international call rates, states a study by the Internet Service Providers Association of India (ISPAI).

          The report titled, 'Augmenting Indian economy through liberalisation of the Internet' highlights the need to remove bottlenecks in the growth of Internet. It sees Internet as a powerful tool to improve the country's growth.

          However, there are several pre-requisites for strong internet backbone. Fair competition, government supporting policies and de-monopolistic framework are vital for this. The government needs to revise policies with respect to ISPs. This can liberalise the internet.

          The government should restrict licenses; go for more expansion in rural areas. Internet should be made more affordable even in rural areas.

          1. Acknowledge Internet
          Broadband should be classified as a key infrastructure by the government.

          Income tax benefits should be extended to ISPs and other licensed to provide internet.

          Cyber cafes must be exempted from service tax as they spread the usage of a key infrastructure. Service tax exemption for broadband as the government pushes for the proliferation of broadband.

          2. Promote Internet

          Delimit USO funding to voice telephone only to decrease dependence on subsidiaries

          Allow ISPs to offer cheap voice telephony to rural population, provide all operators irrespective of license offering service in rural areas with USO fund support.

          3. Bandwidth prices

          International bandwidth prices and domestic leased lines will contribute about 60-70 per cent of the cost in the provision of broadband.

          Though both international and domestic bandwidth prices have reduced substantially there is still scope for more when compared to countries with higher internet penetration

          4. Protect from predators

          The Telecom Regulatory Authority of India (Trai) should keep an eye on predatory practices prevalent in the sector and take pro active prevention steps.

          Internet Service Providers (ISPs) should be treated as bulk customers and be given wholesale prices. Trai should look into this matter

          ISPs should not be denied any provision of resources, just because these have been provisioned from another service provider.

          5. Level the playing field

          Unlicensed operators like Skype, Google, MSN, Net2phone are offering IT to SMEs, corporates, BPOs without having a license and without registering in India.

          Unlicensed operators lead to loss in revenues. Foreign service providers encourage grey market which means a loss of 12.36 per cent service tax and disrupts the revenue for Indian registered ISPs.  

          There is a need for lawful interception, foreign providers' data such as CDRs cannot be obtained for random checks. 

          Bring them under Indian regulatory framework to prevent security threats. Various networks need to be interconnected for the sake of national security and centrally monitored.

          6. Internet Telephony

          A negative effect of restricted internet telephony affects ISPs, consumers and govt. As a result, the rural population is deprived of voice, video, e-education, agricultural support and e-medicine.

          This also gives rise to a grey market due to differences in tariffs by UASL, ISPs and foreign service providers, resulting in loss of revenue to both the ISPs and government

          7. IPTV

          The government should remove the license restriction of Rs 100 crore (Rs 1 billion) net worth for ISPs, who wish to start IPTV services.

          This is unfair as a cable operator can offer IPTV without any extra fees or obligations. Discriminating policies may lead to a monopolistic situation where a few service providers dominate the market.

          8. Economic freedom

          Remove entry barriers restricting ISPs in providing full basket of services. All wireless broadband operators must be allowed to provide data services.

          Any barriers to ISPs' deployment of wireless or wireline broadband services be removed.

          All services that can be provided using their allocated resources be allowed, innovation allocated.

          Ensuring a technology neutral approach to spectrum use and create incentives for the trial of new and emerging technologies.

          9. Fair Competition between telecom operators and ISPs

          Ensure fair competition between telecom operators and ISPs by separation of telecom operators ISP and telecom business

          BSNL and other access providers sell bandwidth and leased lines to ISPs at non-discrimnatory prices.

          Ensure hoarding or inefficient use of spectrum by current telecom access providers doesn't thwart new entry in wireless.

          Full Internet telephony should be allowed ISPs and not just telecom access provider who have refused o offer the service.

          Local loop owners should charge ISPs wholesale and not retail prices as is the practice in all major regulatory regimes

          10. Fair competition between large and small players

          Adequate spectrum to be provided using Wi-Max and similar technologies through allocation route as auction only benefits large players.

          Prevent abuse of spectrum resources by ensuring companies cannot use the merger route to claim additional spectrum for which there are other claimants.

          Remove category C license as it will deprive the consumer of niche areas not serviced by bigger players and kill entrepreneurship opportunities in non-commercially viable areas.

          11. Spectrum

          Change spectrum policy that favours voice against data.

          ISPs, being the major stakeholders in Wi-Max and wireless broadband  are being neglected.

          At least 3 frequency bands must be reserved for ISPs to help increase rural penetration.

          De-link Broadband Wireless Access (BWA) spectrum from 3G, it should be dealt separately keeping ISPs in mind.

          Auctioning of BWA spectrum should be stopped as it translated into increased prices of broadband for a price sensitive Indian market.