Major News and Events of 24 October 2012
What Happened on 24 October 2012
Nitin Gadkari congratulated by L.K. Advani for stand on allegations
IBS acquires US hotel booking solutions firm
French BPO Capgemini opens facility in Trichy
Apple's iPad mini failed to impress analysts
Subhash Ghai announces two new films
Force India move for Narain Karthikeyan would be great: Lewis Hamilton
Displeased over allegations of income tax evasion and money laundering, Himachal Pradesh Congress chief Virbhadra Singh lost his cool and threatened the media. "I will break the cameras," was his reaction when journalists asked him about the allegations put against him by the BJP. Dismissing the charges as "baseless", he told TV news channels during campaigning in Kullu district, "I will deal with all these issues after the election are over on 4th Nov".
IBS Software Services today announced that it had acquired Atlanta-based Hotel Booking Solutions (HBSi) through a multi-million dollar deal. With this over hundred leading players in the hospitality industry including Starwood, Harrahs, Raffles, Ramada, Fairmont and Kerzner on the supply partner side, as well as Expedia, Orbitz and Travelocity on the distribution side, will join the IBS stable. IBS' acquisition of HBSi was made by buying over the entire shareholding of Crosslink Capital, the San Francisco-based leading private equity and venture capital firm. Crosslinks Capital has over $1.8 billion in assets with investments in around 100 companies. IBS is a leading global provider of new generation IT solutions to the travel, transportation and logistics industries and operates from 10 global businesscentresin the Americas, Europe, Asia-Pacific and Middle East and Africa.
BJP chief Nitin Gadkari, under fire for alleged wrongdoings in business dealings, today got backing from senior party leader L.K. Advani who congratulated him for "coming clean" in asking for a probe. In a statement, Advani termed Gadkari's asking for a probe by the department of company affairs as a "fair and proper response" and also sought to point out that the allegations against the BJP chief were "about standards of business and not misuse of power or corruption". Advani was reacting a day after media reports alleged discrepancies in Gadkari's business dealings. Advani also hoped the government inquiry, which was announced Tuesday by Corporate Affairs Minister M. Veerappa Moily, would be "fair" anduncolouredby its "political hostility" to the BJP.
French consulting, technology and outsourcing service provider Capgemini expanded its Indian Business Process Outsourcing operations, opening a new 300-seat facility in Tiruchirapalli (Trichy). The company said the Trichy facility will be the company's second spoke-location after its centre in Salem which was opened in 2008. Capgemini said it is following hub-and-spoke delivery network model in India. The 18,000 square feet Trichy centre will be the spoke location for hubs in Chennai and Bangalore. In India Capgemini has employed around 6,500 full-time staff in its BPO operations. Over 200 employees have been hired in Trichy and nearly two-thirds of the numbers are women.
Science and Technology
The iPad mini will surely attract new customers but the higher-than-expected price will be a relief factor to low-cost tablets, said analysts. Apple’s shares rose up 0.7 per cent to $617.75 in pre-market trading. The mini version of the iPad has most of the functions and features of the full-size iPad but in a smaller package and is cheaper by $170. The iPad mini with starting price of $329 for the 16GB Wi-Fi only model will help them reach a new customer base.
McLaren's Formula 1 driver Lewis Hamilton says it is unfortunate that Narain Karthikeyan is in a slower car and a move to Sahara Force India could do wonders for him and India. However, Force India co-owner and team principal Vijay Mallya has always been reluctant about having an Indian driver in his team. Talking about Sunday's Indian Grand Prix, Hamilton said, tyre degradation and overtaking possibilities will be the two marked features of the race. When asked about India growing as a Formula 1 destination. "I think good racing will pull the crowds here. The races make the city come alive because of the fans. It is they who make it special. More and more people now understand what Formula 1 is. The following and the understanding is growing here.", said Lewis Hamilton
Filmmaker Subhash Ghai announced two new films on the occasion of the 34th anniversary of his production house Mukta Arts - comedy "Ishq De Maare" and "Apna Sapna Money Money 2". Written by Neeraj Pathak, "Ishq De Maare" will see Dharmendra teaming up with his sons Sunny Deol and Bobby Deol in prominent roles. "Apna Sapna Money Money 2" is a sequel to the 2006 film of the same name that starred Suniel Shetty, Riteish Deshmukh and Shreyas Talpade. However, the cast of the new film is yet to be finalized. Sangeeth Sivan will wield the megaphone again for the sequel.