Archive for the 'News & Updates' Category

Indian-American Astronaut Sunita Williams Will Travel to Space Again in June 1012

Saturday, July 10th, 2010

Sunita Williams, the Indian-American astronaut, will be travelling to space for the second time in June 2012. The news was confirmed by NASA today.

Williams will be accompanied by Japanese astronaut Akihiko Hoshide as well as flight engineers Russian cosmonaut Yuri Malenchenko on Soyuz 31 flight to the space station.
NASA reportedly said that Indo – American [...]

Google’s YouTube To Launch YouTube Leanback For TV

Friday, July 9th, 2010

Google’s video sharing site, YouTube, has been working on a brand new concept, the name of which is YouTube Leanback, as reported by the officials of the company.

Reports say that viewing of online programmes will be possible on television since this is the plan behind YouTube;s Leanback which already has engineers and product managers working [...]

UTI Banking Sector Fund declares tax-free dividend of 10% UTI Banking Sector Fund declares tax-free dividend of 10%

Thursday, June 24th, 2010

UTI Banking Sector Fund declares tax-free dividend of 10% (Rs.1.00 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the fund would fall to the extent of payout and statutory levy if any.

The record date for the dividend is June 24, 2010.

All [...]

World bank subsidiary CGAP elects Indian as chairman

Wednesday, June 23rd, 2010

The global Microfinance body set up by World Bank
Washington DC-based Consultative Group to Assist the Poor’ (CGAP), has elected Mr. Vijay Mahajan, Founder and Chairman of the BASIX Group as Chairman of its Executive Committee. This announcement was made at the CGAP board meeting that was held in Nairobi last month. This is for the [...]

Microsoft’s Kinect For Xbox 360 Launched At E3 2010 Convention In Los Angeles

Friday, June 18th, 2010

Asia Bizz: Microsoft’s Kinect For Xbox 360 Launched At E3 2010 Convention In Los Angeles

The E3 2010 video game convention in Los Angeles, California, saw the launch of Microsoft’s Kinect for Xbox 360 and Sony’s Playstation, competing directly with the much coveted Nintendo Wii.

Microsoft Kinect for Xbox 360
Reports state that Microsoft revealed their Project Natal, [...]

Lithium Deposits Worth More Than $10 Trillion Found In Afghanistan

Monday, June 14th, 2010

Asia Bizz: Lithium Deposits Worth More Than $10 Trillion Found In Afghanistan
The Middle East country of Afghanistan, which is known to be facing economic and political instability for over a decade; reportedly holds an estimated reserve of Lithium deposits worth more than $1 Trillion.

The Pentagon has reported that Afghanistan holds a vast amount of Lithium [...]

Unemployment Rate In Wisconsin Drops In April 2010 – First Time in 14 Years

Sunday, June 13th, 2010

Asia Bizz: Unemployment Rate In Wisconsin Drops In April 2010 – First Time in 14 Years
Unemployment in Wisconsin was much lesser in the month of April, according to reports. The state labor says that there were more than 16,400 jobs added, which in turn becomes the largest increase in a month in over 14 years.

The [...]

Spirit Airlines Flights Cancelled After Pilots’ Union Goes On Strike

Saturday, June 12th, 2010

Spirit Airlines Inc., the Florida based low-cost US carrier, has canceled it’s flights today after the pilots’ went on strike over issues including pay, specifically, the low pay package offered by the airlines.

The deadline for the talks between Spirit and the pilots union was set at 12:01 am on Saturday, but reports say that [...]

FIFA World Cup 2010 Begins In South Africa Today

Friday, June 11th, 2010

The biggest soccer tournament in the world, the FIFA World Cup 2010, has begun in South Africa today and the World Cup opening ceremony witnessed a lot of color and lively performances by traditional African performers. The World Cup will see 32 teams from across the world battling out to become the next world champion.

The [...]

BP plc Likely To Face Bankruptcy After Shares Plunge Downwards

Friday, June 11th, 2010

BP plc, may declare bankruptcy, after new reports say that the price of each share of the oil company continued to plunge with each passing day of the Gulf of Mexico oil spill.

Report say that the reason that BP is likely to declare bankruptcy is so that they can survive the financial disaster that the [...]