none Menu Covers Build A Brand

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Submitted by: Charlotte Carter

An average guest spends not more than four minutes on a menu, so it is very important that the menu and the menu covers make a good impression and direct the customer to come to the restaurant again and again. This is true for both, businesses that have been running since a decade, or the ones which have just started.

If a business considers the menu covers simply a covering for a price list, then it’s hideously underestimating its value. A menu cover can be one of the biggest merchandising tools a restaurant has. Everything that a restaurant believes in flows through the pages of the menus and its menu covers – the atmosphere, concept, strategy, and the service ethic.

If looking for a way to make a restaurant blossom with authenticity and a very unique atmosphere, then leather menu covers is the way a restaurant should take. Good quality leather is a fantastic way to present a theme to a customer. Themes are extremely important to every business and must be taken seriously by every restaurant. In fact, this should be the biggest decision made before even opening a restaurant. Theme decides what kind of furniture, food, accessories the restaurant will be serving to the customers!

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Branding:

Menu covers are not just used for visual reasons, but they are also for branding purposes. One can put logos or stylized writing on the menu. This gives a far better professional vibe than basic covers. One can select from topical, sewn, and etched designs.

Apart from simply having the logo or name of a business, menu covers can also have the motto or slogan printed. This is a fantastic way for clients to know what a restaurant is about so that they can make up their mind whether they would want to eat in the restaurant or not. This will also help them get an idea as to why they will like the restaurant even before tasting the food. For instance, a slogan might talk about serving comfort food which makes one feel at home. On the other hand, it may offer couture dining which a customer may not get anywhere else. Both ways, by marketing the restaurants beliefs on the cover of the menu helps the customer know what kind of dining experience he or she is likely to get.

Great covers also have a few items printed on them. Certainly, the whole menu will be inside. But, advertising the key items that make a restaurant special is very important. First off, it tells the people who come to eat why the restaurant is different from the others. Second, it directs them towards choosing the items which the restaurant considers its specialty. This will definitely make the customer inclined to think very positively about the business. When the extraordinary cilantro infused French fries are publicized on the menu covers, people want to try them. The restaurant gets known for them and with the word of mouth it becomes popular. Remember, there is no bigger way of getting publicity than through the word-of-mouth. However, this will happen far too slowly if the French fries were just an item listed on the inside of the menu card.

About the Author: KNG provides high quality, low cost menu covers for restaurants of all sizes, and have been doing so since 1965. Visit

kng.com/wholesale/servlet/cat/en/kng/Restaurant/Menu-Covers

.

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isnare.com

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none British ISPs restrict access to Wikipedia amid child pornography allegations">
British ISPs restrict access to Wikipedia amid child pornography allegations

Sunday, December 7, 2008

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wikinews has learned at least six of the United Kingdom’s main Internet Service Providers (ISPs) have implemented monitoring and filtering mechanisms that are causing major problems for UK contributors on websites operated by the Wikimedia Foundation, in addition to 1,200 other websites. The filters appear to be applied because Wikimedia sites are hosting a Scorpions album cover which some call child pornography. Scorpions are a German hard rock band who have used several controversial album covers and are perhaps best known for the song Rock You Like a Hurricane.

The measures applied redirect traffic for a significant portion of the UK’s Internet population through six servers which can log and filter the content available to the end user. A serious side-effect of this is the inability of administrators on Wikimedia sites to block vandals, and other troublemakers, without potentially impacting hundreds of thousands of innocent UK contributors who work on WMF sites in good faith.

The filtering is in response to the Internet Watch Foundation‘s list of websites that host content reported to contain inappropriate images of naked children. The IWF considers those images child pornography. However, in the United States, where the websites of the Wikimedia Foundation are hosted, it is not considered obscene under the criteria of the Miller test, which requires that an obscene work lack “serious literary, artistic, political or scientific value” – as album art is used to “brand” the album, it is considered to be artistic.

Contributors or individuals attempting to view an affected image or file, depending on their ISP, may get a warning saying, “we have blocked this page because, according to the Internet Watch Foundation (IWF), it contains indecent images of children or pointers to them; you could be breaking UK law if you viewed the page.” Other ISPs provide blank pages, 404 errors, or other means of blocking the content. Due to a configuration mistake at one Internet service provider, some users have reported being totally unable to access Wikimedia sites to the Wikipedia technical help desk.

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“The Protection of Children Act 1978 as amended in the Sexual Offences Act 2003, makes it an offence to take, make, permit to be taken, distribute, show, possess with intent to distribute, and advertise indecent photographs or pseudo-photographs of children under the age of eighteen. The ‘making’ of such images includes downloading, that is, making a copy of a child sexual abuse image on a computer, so, in the UK, accessing such content online is a serious criminal offence,” says the IWF on their website in an article updated on November 28. The IWF say there are at least 800 to 1,200 websites on the list of those who host or contain offensive material. The list is not public and the IWF never notified Wikimedia Foundation about the blocking of Wikipedia content. The affected page does not display any message informing the user about blocked content on most ISPs, instead, a technical error message is shown.

However, Demon Internet redirects users to a block message on the IWF’s site explaining that the page was blocked as the organization suspects child porn or links to it to be present. The IWF states that, “we do not notify site owners that their websites are on our list.”

The concern for Wikimedia is for some images like an album cover from a 1976 record of the Scorpions titled Virgin Killer. It displays an underage girl, posing nude, with a lens crack crossing over her genitals, but nothing blocking out her breasts. The girl appears to be around ten years old. In the U.S., the band later replaced the image with one of the group. The cover was uploaded to Wikipedia in 2006, but Wikinews learned that on May 9, 2008 at (21:17 UTC), despite a result of strong consensus to ‘keep’ in a deletion request, the image was deleted, however for a different reason. It was deleted due to a claim by an administrator that it violated Wikipedia’s policy for dealing with copyrighted images, which require that any images used under the doctrine of fair use must alongside other criteria, “significantly increase readers’ understanding of the topic, and its omission would be detrimental to that understanding”, with the administrator claiming that the article “lacked meaningful discussion” of the album art. This result was overturned using the deletion review process. Earlier, on December 6, the image was put back up for a deletion request, but it was later closed as Wikimedia “does not censor”.

Another image that is questionable could be a screenshot from the 1938 film Child Bride. Its goal was to bring to light the attempts at banning child marriages. In the article on Wikipedia, a screenshot appears of then 12-year-old Shirley Mills partially naked after skinny dipping. In the photo, at least one of her breasts can be seen.

Other albums featuring nudity below the age of sixteen have previously caused controversy; Blind Faith attracted criticism as did Houses of the Holy, and Nirvana’s Nevermind.

Multiple companies have gone public stating that they implement the recommendations of the Internet Watch Foundation. Not all of these are known to have implemented measures against Wikimedia sites; the major UK ISPs thought to have affected Wikimedia sites are Telefonica O2/Be Unlimited, Virgin Media, Easynet, Plusnet, Demon, and Opal Telecommunications (TalkTalk).

Wikinews has contacted Wikimedia’s legal counsel, Mike Godwin and the IWF for a statement, but neither have replied as of this time.

 This story has updates See Wikimedia, IWF respond to block of Wikipedia over child pornography allegations 

none Ford’s US auto sales spike, surpassing GM">
Ford’s US auto sales spike, surpassing GM

Wednesday, March 3, 2010

Ford Motor Company said on Tuesday that its sales in the United States rose 43% in February compared to the same period last year, as the automaker outsold rivals Toyota and General Motors.

The strength of our new products … are resonating with customers

Ford said that total sales improved to 142,285 units, compared to 141,951 units sold by GM. Additionally, Ford said that its share of the total US car market rose to 17%, up from 14% a year ago. The increase was better than analysts had predicted, and Ford’s stock rose to a five-year high in morning trading, before declining later in the day. Ford’s sales were significantly influenced by a 74% increase in fleet sales to businesses. Rental car agencies alone accounted for around 30,000 units sold. Sales to retail consumers increased only 28%.

The increases were led by sales of two sedans, the Fusion and Taurus, which rose 166.5 and 93.3% respectively, although sales of other models such as SUVs and pickup trucks also increased. Both models were significantly redesigned last year, and analysts said that improved quality from such cars were driving the increases.

Other companies also reported February sales today, nearly all reporting sales gains as well, although none as large as those of Ford. Toyota was the sole exception to the sales gains, as their sales declined 8.7%, as the company was faced with a global recall during the month that led to a temporary stoppage of production for some models.

“The strength of our new products … are resonating with customers,” said Ken Czubay, Ford’s vice president of sales and marketing. However, he believed that traditional Toyota customers were not buying rival autos, but rather awaiting the results from the recalls.


none US call centre business to create 600 jobs in Wales">
US call centre business to create 600 jobs in Wales

Monday, February 20, 2012

Conduit, a subsidiary of the US directory assistance organisation kgb, is to create six hundred new jobs in the Welsh capital Cardiff by the end of 2012. Conduit is currently searching for 320 employees and intends to employ a further 280 this year.

In a statement, First Minister of Wales Carwyn Jones described the news as “yet another indication that Welsh government policies are having a beneficial effect supporting the economy and creating jobs during these difficult times”, saying he was “delighted that Conduit is yet again expanding its operations in Wales.” Edwina Hart, Minister for Business, Enterprise, Technology and Science, said she was “pleased that using the economic levers we have at our disposal, such as creating sector-specific enterprise zones, we continue to attract and retain world class business in Wales.”

The new employees will work at Fusion Point, an office area in Cardiff city centre. Prior to this announcement, Conduit already had in excess of 1900 employees within three Welsh bases in Cardiff Gate, Swansea, and Cardiff city centre. This new contract has been created in association with a residential care service provided by British Gas.

Conduit Europe chief executive officer Denis Creighton said of the company’s decision: “Wales delivers our best performance figures period. And that’s why we’re planning to focus future growth here.”


none Online Florist In Chennai}

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Online Florist In Chennai

by

crazyfloristmanoj

With the introduction of the new technologies like internet, sending flowers online is becoming popular. You can find many online florists in India but provides you an attractive way to buy and send flowers and gifts online to your friends, relatives and to your dear ones, CrazyFlorist.com helps you on this purpose. It’s true that sending gifts to your dear ones when you are far away bear your absence a little bit easier so send flowers to Chennai today. Gifting anything to your dearest and nearest one has been one of the leading language or expressions for the bonding of the human as they can stride where human words fails or can’t. The reasons are not the words only, but reasons to deliver flowers gifts are more and they are caring, love emotions.

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In order to send flowers to Theosophical Society Chennai online, you are given options to shop flowers by product, by occasion, or by price. Foremost of its advantage is that it eliminates the long process involved in sending flowers. It helps for next day flower delivery or even same day flower delivery in Raj Bhavan Madras Raja Chennai. Further, the majority of the online florists is considered reputable, and they offer the same high quality and freshness that a retail florist offers. Likewise when placing an order, don’t forget to provide information like the delivery date, card message, recipient’s full name, and business name if sending to a work address. There are limitless options to send flowers. Many of the florists render the option to buy flowers online in Chennai India at discount prices. Some florists even assist you in choosing the most perfect as well as affordable flowers.

Further, most of the floral providers assist you to order flowers according to the nature of occasions and that too in a creative and colorful way, with accessories including Mylar as well as party balloons, teddy bears, and exotic chocolate assortments. Celebrations are the sign of mutual togetherness with the sense of happiness and bonding with one another till years. Online florist in Muthialpet Chennai presents you a variety of gifting options for you just to send a beautiful, appealing gift to your partner. They provide you gifts in different sections like anniversary, wedding, birthday, valentine, new year, Christmas, Diwali sections and you can find more beautiful gifts and flowers, all varieties of flowers, roses arrangement, orchid arrangement, lilies and roses arrangements and in this section you can get delicious cakes, chocolate cakes, Black forest cake, vanilla cake and much more variety is present here. Express your love by sending beautiful flowers for your dear one’s and make them feel the top of the world and the most priceless possession of yours. This Flowers are usually delivered in decorative boxes, and come with a personalized message and sometimes with a note containing instructions on flower care, . So online florists offers to send flowers Chennai India in an easy way.

In addition, professional florists such as crazyflorist specialize in unique handy flower arrangements of finest quality. The most important part is that online florist in Chennai gives you the most beautiful flowers at affordable prices with a wide range of variety, crazyflorist is one of them. We are a Chennai online florist in Theosophical society India has their individual contact in almost every town and cities of India. And they take care that you can send flowers Chennai to India anytime from anywhere as per your needs. This has made this special moment more special and precious for the loved one’s and your dear one’s and made memorable for years and it’s true that you can better express your feeling by sending flowers to India.

You can place an order from your home or office by sitting in one place easily from the best crazy collection of

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}


none Eastern Conference wins 2008 NBA All-Star Game">
Eastern Conference wins 2008 NBA All-Star Game

Monday, February 18, 2008

Eastern Conference 134 128 Western Conference

The Eastern Conference defeated their Western Conference counterparts at the 2008 National Basketball Association All-Star Game held at New Orleans Arena in New Orleans, Louisiana on Sunday. The final score was 134-128.

The East took an early 11 point lead in the first 5 minutes, due to an injured Kobe Bryant only playing 2 minutes before sitting on the bench for the rest of the game. “There’s one player we really, really missed, and that was Kobe,” said West coach Byron Scott. The West later reduced the lead to 2 points, but at halftime, the East led 74-65.

The West trailed by 13 at the beginning of the fourth quarter, but rallied behind New Orleans point guard Chris Paul, who had seven assists in the final period. With 2:48 remaining, Brandon Roy scored a layup on an assist from Paul, giving the West a 122-119 lead, their biggest lead of the game.

The East then answered back with two three-pointers from Ray Allen, before Chris Paul tied the game with a three-pointer of his own. However, the East would then take the lead and the game with layups from Dwyane Wade and Allen, as well as a driving dunk from LeBron James. A Brandon Roy three-pointer put the game within three points with 8.7 seconds left, but 3 free throws from Ray Allen sealed the win for the East.

“The fourth quarter was crazy,” said Chris Paul. “We were down 13. We picked up the intensity. We took the lead a few times but Ray Allen was unbelievable the way he shot the ball. And that last dunk by LeBron, we had two people on him but that still wasn’t enough.”

With 27 points, 8 rebounds, and 9 assists, James was named the All-Star Game’s Most Valuable Player for the second time in his career. Some television commentators also considered Ray Allen a likely choice for the award, with 14 of his 28 points coming in the final 3 minutes of the game. “I think Ray Allen had a heck of a shooting night,” James said after being presented the award.

Contents

  • 1 Other All-Star events
    • 1.1 T-Mobile Rookie Challenge
    • 1.2 Haier Shooting Stars Competition
    • 1.3 Playstation Skills Challenge
    • 1.4 Foot Locker Three-Point Shootout
    • 1.5 Sprite Slam Dunk Contest
  • 2 Related news
  • 3 Sources

none Getting The Best Commercial Mortgage Rate}

Getting The Best Commercial Mortgage Rate

by

Chris Clarke

Trying to get the best commercial mortgage rate is perfectly understandable, after all a fraction of a percentage point can make a huge difference to the repayments on a larger commercial loan. However, when searching for a competitive rate you should bear in mind that the broker or lender is going to need plenty of information to support the enquiry.

Imagine if you will that someone puts a box containing a 300 piece jigsaw puzzle in front of you, shows you only ten pieces and says “Describe the picture to me” what are the chances you would be able to do it? You may be able to say Well, it looks as if it’s a sunny day and I think I can make out part of a tree” but apart from that very little.

This may sound like an irritating evasion of the issue but the question “I’m looking for a commercial mortgage, what’s the best rate you can get me ?” is equally difficult to answer if a useful response is expected. Not least because different people have a quite different understanding of what types of commercial mortgage will qualify for a headline rate.

Of course there are some brokers who will quote you a very favourable rate off the top of their head.” This is a little disingenuous in that any rate will be largely meaningless and is probably made in the hope that they can impress the potential client and give him reason to return to them first.

Without doubt the best commercial rates are only available from the mainstream banks, including the likes of HSBC, Barclays, RBS etc. and some other commercial lenders such as The Skipton and Norwich & Peterborough Buildings Societies.

Remember though, before these organisations will consider offering their best rates they are going to want to know quite detailed information about the business they are lending money to, the people who control the company and full details about the property.

Typically speaking the best rates are only available for established businesses with a clean credit history and plenty of good quality and verifiable accounting information. Professional property investors are also generally considered good quality applicants, but only if the rental income stacks up. The following points should explain what a lender would generally look for:

1. Established Business: Would mean that the business has been profitably trading for about 3 years.

2. Good quality and verifiable accounting information: Accounts that have been professionally prepared by a qualified accountant and if appropriate filed at Companies House.

3. Clean Credit: All existing loans and mortgages are up to date, no late payments to suppliers. No CCJ’s either in the business name or the individual director’s personal names.

4. Investment properties would usually need to have a formal lease in place with a good quality tenant. The rental income will need to cover the mortgage payments by a healthy margin.

The above points only relate to applicants chasing the headline rates. There is now a good degree of flexibility for businesses who cannot fulfil the above criteria.

When approaching a lender or broker with a view to obtaining the best possible commercial mortgage rate (or re-mortgage) an applicant should be prepared to divulge all the above information before expecting a sensible answer. At the very least it would be recommended to have the last three years’ accounts, brief CV’s for each director, an up to date business plan and as much information as you can muster about the property in question.

There is no doubt that there are some very competitive mortgage rates available for the right businesses and researching the market has never been more important. By all means approach your existing bankers first as they most likely to be keen to keep your business but having other options available puts you in the strongest position when looking for the best commercial mortgage rate.

Chris Clarke works for Spectrum Business Finance who are experts at helping businesses obtain the

best commercial mortgage rate

. Visit their website today.

Article Source:

eArticlesOnline.com

}


none Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal">
Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

Contents

  • 1 The offences
  • 2 About Satyam Computer Services
  • 3 Impact on Satyam Computer Services finances and reactions
  • 4 Related news
  • 5 Sources

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.


none UK shopping centre Afflecks Palace secures its future">
UK shopping centre Afflecks Palace secures its future

Tuesday, February 5, 2008

Afflecks Palace, the “iconic, alternative shopping centre” in the Northern Quarter of Manchester in England, United Kingdom, was saved from closure this week after long-running rumours that the market may have to “kick out its traders” due to a dispute between the management of the Afflecks Palace brand and the leaseowner for the building, Bruntwood.

Rumours suggesting that Bruntwood were looking to redevelop the building started early in 2007, when it became apparent that the property developer was not actively seeking to renew the twenty-five year lease that the management of Afflecks Palace had with them concerning the building. These initial fears were added to by news that Bruntwood was looking to redevelop other buildings it owned in the Northern Quarter area, specifically the parking complex opposite Afflecks, with an eye towards taking advantage of the “property boom” in Manchester at the time. There were also fears that if Afflecks did remain open, “rents would rise”.

These initial fears were eventually propagated closer to the end of the year when a letter from the management of Afflecks Palace told individual stall holders that “… management have received no formal response from Bruntwood to a tenancy request notice served in October [2007]”, going on to add that “We can only assume therefore that they do not intend to offer us a new lease”.

Following the release of this letter, public support for Afflecks Palace was quickly made obvious when a 5,000 signature petition was submitted demanding the centre remain open for business. This seemed to prompt talks between Bruntwood and the Afflecks Palace management and, eventually, lead to this week’s news that the market was – indeed – to remain open. The result of the talks was that Bruntwood “bought out” the Afflecks Palace brand.

Bruntwood will manage Afflecks while they look for a new owner who is skilled in running market style businesses

A joint statement between the management of Afflecks Palace and Bruntwood said: “After 26 years of trading, Afflecks’ management has sold their company to Bruntwood in an agreement that protects the future of Afflecks. Bruntwood will manage Afflecks while they look for a new owner who is skilled in running market style businesses and can bring a similar level of enthusiasm and dedication that the existing management has.”

A spokesperson speaking on behalf of Bruntwood also added that: “Never in our 30 year history have we bought one of our customer’s businesses, but Afflecks is a Manchester icon that we wanted to protect. We aren’t however expert in managing markets, so will look for a suitable long term owner. In the meantime, the most important aspect is that we have arrived at a solution with Afflecks management that protects an independent retail environment and provides the existing stallholders with security.”

Traders from the market celebrated the news by holding a party yesterday.


none Knight Foundation and Mozilla send geeks into newsrooms">
Knight Foundation and Mozilla send geeks into newsrooms

Friday, November 11, 2011

In London last weekend, journalists, software developers, filmmakers, designers and many others spent time discussing ideas and building tools at the 2011 Mozilla Festival at Ravensbourne College. Following the theme of “Media, Freedom and the Web”, many attendees developed prototypes around the idea of the future of media including tablet interface prototypes for the Boston Globe, designs for open source software for DJs, and hacks to enable journalists to combine video and original source text together to tell stories in more interactive ways.

One important announcement made at the event was details of five new fellowship places sponsored by the Knight Foundation and the Mozilla Foundation that attempt to bring together journalists and open source-minded software geeks. Wikinews spoke to Laurian Gridinoc, who currently works at Talis building software for higher education but will move for a year to the BBC to work in the newsroom. Other fellows will be working for The Guardian, Al-Jazeera, the Boston Globe and Zeit Online.

Gridinoc says the Fellowship intends to “introduce innovation in the newsroom by embedding some developers as fellows”. The fellows will collaborate with people within the news organization. They hope to be open about how they are changing the newsroom. Gridinoc says he and the others will “blog about making the news, on how things can be done, and how [open source] tools can be used”, and he specifically will work on trying to increase the use of linked data, a practice already embraced by the BBC. “Adaptive documents” were another area of interest for Laurian: having stories where illustrations and examples dynamically adapt to the particular reader.

According to the fellows speaking as part of a panel discussion, many newsrooms reject the use of open source tools even for producing maps, graphs and infographics.

How journalists adapt to the web was a theme throughout the weekend, with sessions teaching journalists to write HTML and write basic scripts in Ruby to scrape websites, discussions on Creative Commons and what “hacker journalism” entails. One group worked on collaboratively produced handbook on “data journalism” while others tested and refined Ushahidi, a crowdsourced news tool that was used during the earthquakes in Haiti and Chile in 2010 and in Christchurch, New Zealand in 2011.


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