1 "TAKE NO AS A QUESTION "

Thursday, 27 March 2014

Working Empowers You, Makes You Confident: Dipali Goenka, Wife of Welspun Group’s Chairman

Working Empowers You, Makes You Confident: Dipali Goenka, Wife of Welspun Group’s Chairman

Working Empowers You, Makes You Confident: Dipali Goenka, Wife of Welspun Group’s Chairman
Dipali Goenka is one of those who walked the rare path of getting married and raising children before making a career debut. She was 32 years old and a mother of two daughters, then aged 10 and 7, when she decided to step out from her cushioned living room and into the competitive board room.
It wasn’t easy for Goenka, even though she was the wife of the $4-billion Welspun Group’s chairman. Her husband had told her, “This can’t be a hobby as business will be at stake. You will have to show what you can do and prove your worth.”
A determined Goenka started from scratch, handling various roles in different departments from purchase to HR to design and worked her way up. Today, the 44-year-old heads the group’s home textile business.
“Women should work. They should go beyond clothes, bags and jewellery,” says Goenka, adding, “Working empowers you, it makes you confident and in charge of yourself.”
She says that work helps women understand their partners’ professional commitments and hence build an “evolved” relationship, keeping them on a par.
Nothing in life, however, comes free. Even as she juggled with the new routine, trying to take time out for her girls, Goenka missed out on her social life and in the bargain lost a few friends. “The price I paid was nothing compared to what I have learnt and continue to learn. But there were times I was tugged in all directions.” She narrates an incident when she was away at Harvard for a course and her daughter got typhoid. The disturbed mother wanted to come back but her husband comforted her and told her that she should stay put as she had gone all the way.
When Goenka joined the group in 2002, women comprised just a minuscule 2% of the workforce, which today has risen to 40%. Ironically, though the home textile industry is largely male-dominated, the products are mostly bought by women. “While men are all about IQ, women bring with them EQ,” says Goenka, who has worked towards creating an environment conducive for women employees in the corporate office as well as in the plants. “Women also bring diversity, balance and a different thought process.”
What took her so long to start her career innings? Goenka, who grew up in Jaipur, says it was important for her to be with her kids during their early years.
“Despite the father – as also servants – being there for the children, it is only the mother who can inculcate culture in them,” says Goenka, who draws her inspiration from her mother, who was the chairperson of an urban co-operative bank and who broke the glass ceiling in a conservative Marwari community where women are usually known to keep to the backstage.
The managing director of Welspun Global Brands advises women to be disciplined and committed if they want to be taken seriously. Since the time she hit work, there hasn’t been a single day that was boring, says the glamorous Goenka, who starts her day early and wraps up late.
“If you don’t wake up with a spring in your feet, the work is not worth it,” says the fitness freak and trained kathak dancer.
As she sums up, “Respect yourself woman. Period.”




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‘Acquire Relevant Years Of Experience Before Moving To An Onsite Location’

‘Acquire Relevant Years Of Experience Before Moving To An Onsite Location’

‘Acquire Relevant Years Of Experience Before Moving To An Onsite Location’
At some point or the other in your career map, it’s important to get onsite exposure, suggest experts
No matter what your line of profession is, it’s never too late to add an extra “something” to your portfolio. It can be adding new projects or taking up vocational courses/training, or even taking up an onsite role. Experts believe that it’s a great idea to get onsite exposure, as it adds value to an employee’s profile and personality.
Onsite roles are most common in the IT industry – and over the past decade, professionals have made good use of these opportunities. Today’s IT professionals are young and ambitious. They are constantly looking for newer challenges and better growth. An onsite role is just the right opportunity for these professionals, opine experts.
With the increasing number of projects in the IT companies, they are looking at specialty hiring (read: candidates with specialisations). Companies are either looking to hire people for their off-shore clients/partners or for their overseas divisions. In both these cases, however, they are looking at similar set of skills.
IT companies assign onsite projects to those employees who possess unique project handling skills and are equipped with everything that the onsite client is looking for. Depending on the employee’s years of experience and specialisation, the company determines which onsite project to assign.
During a recently held TimesJobs.com High-Tea chat session, Suvarna Deorukhkar, head – global HR – Policies & Practices, Fulcrum Worldwide, spoke about the technical requirements for onsite projects and the kind of skills that companies usually look out for.
“There’s tremendous scope for onsite data analyst roles. But one requires to have relevant years of experience and need to enhance his/her skills before moving to an onsite location,” she suggested. At Fulcrum, we assess employee’s technical and soft skills, before assigning them an onsite project. “In case we have more resources in one project, we manage the skills for different projects,” she added.
According to experts, some of the technologies which are popular outside India are informatica, virtualisation, data warehouse, web logic, liferay, service-oriented architecture and cloud computing. Talking about the onsite locations, Deorukhkar said, “We are focused on the US/European market; Brazil is another hub coming up for IT technology.”
Organisations are also providing relevant onsite trainings to freshers as well as existing employees. This is only to make sure that they match up the employees’ skill sets with that of their onsite partners/clients. Deorukhkar echoed similar views, “We have our major client base onsite – for this reason, we need to have employees travelling onsite frequently, both on long and short-term basis. We have our L&D and OT training departments, which takes cares of various training globally.”
It’s important that organisations constantly encourage the employees to take up onsite projects – for a global exposure and better understanding of the various business functions. According to experts, onsite exposure always adds value to an employee’s profile and personality. “Onsite project prepares you to take up a global role, where you can work under the culture and best practices across the globe,” said Deorukhkar.



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Mentored Employees Learn Quickly And Effectively; Are Easily Retained


Mentored Employees Learn Quickly And Effectively; Are Easily Retained

Mentored Employees Learn Quickly And Effectively; Are Easily Retained
Employees perform efficiently when trained/mentored well

Vidur Gupta, director, Spectrum Talent Management, in conversation with TimesJobs.com, shares his views around why mentors play a crucial role in building an employee’s career and motivating him/her throughout. 
Edited excerpts from the interview:
Are good team leaders, also good mentors? Please comment.
Mentoring is an essential leadership skill. In addition to managing and motivating people, it’s also important that you can help others learn, grow and become more effective in their jobs. Good team leaders just don’t tell others what to do; they show them how to do it and why they should do it.
What impact does mentorship have on an employee’s performance?
Mentorship definitely helps improve employee productivity, especially for those who have entered a new position. Mentoring focuses on helping an individual acquire the skills necessary to do their job and possibly further their career development. Mentoring often leads to a more effective on-boarding and accelerated ability to work within a particular organisation’s structures and procedures; things that go beyond basic job knowledge. It has been seen that employees who experience mentoring are retained, learn more quickly and effectively.
These days a lot of organisations even opt for formal mentoring programmes for their employees.
5 things candidates can learn from their mentor at work.
  • To be modest; i.e. to acknowledge achievements and qualities of others
  • Positive outlook/optimism
  • Commitment/dedication
  • Fresh perspective/out-of-the-box thinking
    • Emotional maturity
    • Knowledge transfer
 Without a mentor, what are the common ways of working on self- improvement?
  • Define your goals: Ask yourself – do you hope to broaden your business knowledge? Do you better understand the organisation’s culture; get some guidance on your career; develop specific skills?
  • Don’t limit yourself to one person: You can learn from many different people in many different ways. Remain open to developing learning relationships with a variety of colleagues.
  • Expand your knowledge: This may mean learning about an unfamiliar functions, such as finance or marketing; or it may mean getting a broader view of the organisation from someone at a higher level.
  • Own SWOT analysis
  • Try to take your genuine feedback from your boss/colleagues.
  • Time management
Do you think employees can become a better judge of performance by having a good mentor? Please explain.
Definitely, a good mentor can help the employee in providing a structured approach to review and analyse performance. Setting expectations, checking deviations and taking corrective measure can be done well in time.


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80% Candidates Prefer A Job They Like, Even If It Pays Less: TimesJobs.com Study

80% Candidates Prefer A Job They Like, Even If It Pays Less: TimesJobs.com Study

80% Candidates Prefer A Job They Like, Even If It Pays Less: TimesJobs.com Study
Employees who love their job are more productive than the others. Key corporate factors that get positively affected by happy employees include shareholder ROI, higher customer satisfaction levels, increased revenue/profitability

Nearly 80 per cent candidates have mentioned that they would rather have a job they like with less salary, than a job they don’t like but which pays well, revealed a TimesJobs.com study.
According to Lovleen Bhatia, co-founder and director, Edureka, giving each individual a sense of ‘we at our organisation’ makes a lot of difference to the overall performance and output. “We at Edureka make sure that our employees are always motivated and love the significant role they play as an individual professional.” He added that to do this the organisation has to offer a positive work environment and focus on individuals’ career advancement which is just the beginning of helping employees feel at home.
Instilling feeling of job satisfaction and happiness is not a one-off task; organisations have to initiate the process from the initial hiring stage. Aravind Sankaran, director of global marketing and sales (Far East), Marlabs Inc. elaborates on this…
The interview stage: While there may be exceptions to the rule, matching a job opening with a prospective employees’ interest and career path is foremost! Being candid about the company, its plans, culture and career options will ensure that the surprises are lessened as and when one takes up the role. This way, non-job disturbances will be minimal or eliminated.
The orientation stage: Every company has its own unique culture. Paying serious attention and investing time in ensuring that the employees fit into the organisational culture will help them to start enjoying the environment.
The mentorship stage: Having a serious mentor-mentee plan in organisations is important to ensure that expectations vis-à-vis actual performance is monitored and course corrections are done to ensure employee success. Also, red flags can be observed and necessary actions can be taken.
The incentivising stage: Points 1 through 3 will ensure that employees will proudly wear the brand on their sleeve and become brand ambassadors. Rewarding them for going that extra mile to promote the brand will make them more engaged and connected with the brand.
The continuous engagement stage: It goes without saying that from the time the employee joins till they leave; continuous engagement is a key tool to ensure that they love their company, job and environment. Most importantly, an alumnus promoting the brand betters its strength.
Over the years organisations have understood that if they want their employees to take risks, they have to give them permission to fail. “We don’t have a pink paper policy; we encourage employees to take up challenges and not to challenge their limits,” said Bhatia.
Involving employees in every major decision is crucial. Benefits such as clear and frequent communication on company happenings, individual and department direction, and big-picture company direction, make all the difference in employee happiness. “Companies should consider surveying their own workforce to gauge their satisfaction levels. Insights from employees can point employers in the right direction for shaping a more a positive and creative work environment, and for developing more formal career development programmes,” concluded Bhatia.



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CBI may probe Cement Corporation’s

CBI may probe Cement Corporation’s 



NEW DELHI: The selection for the post of chief executive of the state-run Cement Corporation of India (CCI) has triggered a controversy with the Central Bureau of Investigation readying a probe into the issue.

Sources said the CBI has taken note of complaints and is likely to order a probe soon into the manner in which the list of candidates was prepared and the criteria for selection was allegedly changed to include some names at the last minute.

The Public Enterprises Selection Board (PESB) issued a list on March 11 with names of 15 candidates, who were shortlisted for the interview. After about a week, the PESB again released a list of 16 candidates, allegedly flouting its own guidelines on the upper limit on the number of candidates. In the second list an external candidate was added, without assigning any reason.The candidate who was seventh on the first list issued by the PESB, suddenly managed to move to the number one position in the second list. And, the only internal candidate was allegedly downgraded to the second position in the second list after being put on top of the league in the first list.

"Question arises as to why there is such a clamour to get the CMD's job at CCIL which is aBIFR (Board for Industrial and Financial Reconstruction) company," asked an official of the company, who did not wish to be identified. The state-run company is under the heavy industries ministry.

PESB issued a list on March 11 with names of 15 candidates shortlisted for the interview. After about a week, it again released a list of 16 candidates, allegedly flouting its own guidelines on the upper limit on the number of candidates.



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Air India gets Rs 1,000 crore equity



NEW DELHI: Cash-strapped Air India got a breather in the form of Rs 1,000-crore equity infusion from the government on Wednesday. The airline's unending financial stress had got worse as the Centre had so far given Rs 6,000 crore instead of the promised Rs 8,500 crore for the fiscal. As a result, AI had to bridge this gap by borrowing money from banks at 11%-12%, which increased its debt servicing burden.

Before Wednesday's infusion, the government had injected Rs 12,200 crore into AI and there was a shortfall in equity to the tune of Rs 3,574 crore — despite the airline meeting most of the milestone-linked equity targets — leading to a liquidity crunch. The airline's aircraft and working capital debt was Rs 26,033 crore and Rs 21,125 crore respectively on December 31, 2013. The airline is expected to lose Rs 3,990 crore this fiscal. "The money which we have received will go towards three pressing requirements — paying oil companies, airports and salaries. The vote on account has made a provision of Rs 5,500 crore for AI and the budget by the next government will decide our finances," said an official.

Both aviation ministry and AI top brass say AI will be one of the biggest headaches for the next government as they will have to decide — fast — how AI survives and in what form. "The airline faces tremendous uncertainty because of its precarious financial condition. While a lot of improvement has taken place, the bottom line is that AI still spends more than what it earns. Add to that the baggage of huge loan, it is going to be a jigsaw for the next government," said a source.



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RIL, OIL bag two blocks each in Myanmar

RIL, OIL bag two blocks each in Myanmar




NEW DELHI: Reliance Industries on Wednesday won two offshore exploration blocks in Myanmar, a development company sources said indicated a renewed overseas focus as its domestic exploration business continued to face rough weather over performance of showcase KG-D6 field and pricing of gas. 

"RIL's participation is in line with its strategy of... expanding its international asset base by investing in regimes having attractive internationally competitive terms on offer. The company thus hopes to leverage its organizational capabilities and expertise to create value for the E&P (exploration and production) segment," the company said, announcing the Myanmar auction results. 

State-run Oil India also won two concessions in Myanmar's latest round of exploration block auctions, the results of which were announced on Wednesday. Both Reliance and Oil India had separately bid for three blocks each. ONGC Videsh and gas utility GAIL, which have stake in two producing fields in that country, drew a blank. Reliance would be the fourth Indian company and second private firm to foray into Myanmar. The result could be seen as the proverbial silver lining for Reliance, since it comes a day after the Election Commission put on hold the government's June 2013 decision to usher in a new pricing regime from April 1. The new policy would have doubled the price for all domestic producers, including state-run companies. 

The blocks given to Reliance have been identified as M17 and M18 in Moattama basin of Myanmar in water depths of up to 3,000 ft, called shallow water in industry parlance. Together, the two blocks encompass an area of 27,600 sq km. Oil India has won the YEB and M-14 blocks, also in shallow water. 

Oil India bid in consortium of with Mercator Petroleum and Oilmax Energy. In all, 36 companies submitted 64 proposals for the 30 offshore blocks on offer. 

International players Royal Dutch Shell, Chevron, Statoil and BG picked up most of the blocks on offer.



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Airfares in India will be a dog-eat-dog game and we will be the biggest dog: AirAsia India CEO


Airfares in India will be a dog-eat-dog game and we will be the biggest dog: AirAsia India CEO















Mittu Chandilya
Mittu Chandilya, CEO of AirAsia's Indian operations, says he could take flight by end May. 

















One of the most successful low-fare airlines AirAsia is ready 
to take to the skies in India. A day after its global CEO Tony Fernandes accused Indian carriers of ganging up to block its entry here, Mittu Chandilya, the 32-year-old CEO of the airline's Indian operations, says he could start flying by end May. In an interview to Rajesh Chandramouli, he details AirAsia's plans.

Excerpts:

Are you frustrated by this delay? (The original plan was to take off before December 2013.) 


No. Frankly, a lot of people didn't expect us to come this far. I feel the government wants us here, but not our competition. Again, which competitor wants another competitor? I see their point of view. I also see the ferocity with which they have come at us. It shows that we mean what we say. We are here to change Indian aviation. When they are coming with that kind of ferocity, we will not disappoint them.

SpiceJet, Indigo and Jet Airways announced lower fares a few weeks ago. Your take? 

Everything that is happening now is not really low fare. It is very gimmicky. Spot fares are done to spur demand. To be fair to our competitors, they have done it at the right time for themselves. They needed cash. The challenge for any airline is to see how to keep these fares consistently low. That is truly the low cost/low fare airline. That is what we are aiming to do. We will not have gimmicky fares and then hike up fares.

How cheaper can AirAsia fares be? 

At fares of 4,500 announced by airlines in their flash sale, we will be at least 30% cheaper. It again depends on what routes you are going through, seasonality.

What is your initial business plan? 

We will operate in every big city other than Mumbai and New Delhi. Mumbai and Delhi are attractive. Costs are not competitive and competition is a lot more. Plus, everybody is going there. Why would I want to go to an already crowded market, which is going to slow down my aircraft turnaround time? We will hit all other tier-I cities and some of the tier-II cities. We are trying to stay pretty much to the south. We will saturate the 12 to 16 southern airports first.

We will run an extremely streamlined operation. We don't have room for errors. Every plane, route, schedule - my room for error is just not there. With a low plane base, a single mistake can wipe out your entire month's profitability.

We are aiming for 8 to 10 planes. A plane a month is the plan. It is an aggressive plan. 16 cities are covered. I will be happy with 60% load factor, but what I am targeting is 110% loads. When we come in, the passenger will benefit. There will be a price war. The just ended ticket sale is pre-emptive. Everyone will start undercutting the other. It is a dog-eat-dog game. We have always turned out to be the biggest dog out there.

I am actually excited that they are bleeding. I can just come in and mop up the floor and take the business from them. This delay in getting approvals has helped us learn from our competitors.

The bleeding balance sheets of your competitors should worry you. Does it? 

I am actually excited that they are bleeding. I can just come in and mop up the floor and take the business from them. This delay in getting approvals has helped us learn from our competitors.

What have you learnt from your competitors? 

Indigo does a fantastic job of sale and lease back of their planes. They do a good job of maintaining their assets. They dispose off their assets in six years and turn that into profit. They get new assets and maintain them well. They are good in cash management. They can be much better on operational issues, vendor issues etc.

SpiceJet tried to deviate from one fleet type to two to hit tier-II cities. We will never do that. Individually their fleet was efficient, but when you put it together, one pulls the other down. The way the leases are worked out also shows a lot of work needs to be done.

Jet formed a beautiful airline. They came in when Air India was monopoly. It is difficult to learn anything from them as their structure is very different from ours. They spend so much time in training their crew.

What is your view on the Tata-SIA airline? 

In India, there is no difference between full service airline and low cost ones. Fares are not different, aircraft are not different. When they come here, they will be another competitor. Our board is entirely different. We don't talk to them at all. That way, its healthy. I am a competitive guy. I believe in win and destroy. There is nothing like win-win situation, unless you top it with an agreement. Here, there is no agreement.


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'Moto G sales ramp up in India was one of the fastest in world'


'Moto G sales ramp up in India was one of the fastest in world'


'Moto G sales ramp up in India was one of the fastest in world'
Motorola Mobility says the ramp up of Moto G sales in India was one of the fastest in the world.

BANGALORE: Motorola Mobility says the ramp up of Moto G sales in India was one of the fastest in the world. 

"Our initial plan was aggressive, but what actually happened blew out all our expectations. Moto G has been a phenomenal success for us in India," the company's head of Europe, Apac, Middle East & Africa, Magnus Ahlqvist, told TOI on a visit to Bangalore on Wednesday. 

He declined to state specific sales figures. Asked if Moto G customers were mostly those who would otherwise have bought Indian brands like Micromax or Karbonn, Ahlqvist said he was yet to do any detailed analysis, but anecdotal evidence suggested that most customers were coming from other international brands. "Lot of people are saying they were thinking of buying a Rs 20,000 phone, but found in Moto G a better phone at a lower price (it's sold between Rs 12,500 and Rs 14,000). Globally too, it's mostly Apple and Samsung customers who are moving to us," he said. 

Moto G was launched globally in November last year, and was introduced in India in early February. It was Motorola Mobility's first phone after the transformation it underwent after it was acquired by Google (Google recently sold it to Lenovo, but that transaction is yet to be approved by regulatory authorities in different regions). 

Ahlqvist attributed Moto G's success to Motorola focusing on giving a "clean Android experience" and a focus on what "really, really matters to customers". He said customers want great display, a good build, great design, and they don't want to be stranded in terms of software one year down. "We did not clutter Android with a lot of things on top of it, and we provided all of these things that customers want at a great price point," he said. 

Asked about customer disappointment with the low resolution (5MP) rear camera, Ahlqvist said the company had to do some balancing (in order to meet the price point). "But we are looking at feedback, looking at how we can improve the product. We are constantly putting out improvements to specific apps; we are not waiting for the next major maintenance release. Since launch we have already made some 30-35 improvements, including a slide bar in gallery display," he said. 

He noted that there were some 9,800 reviews on Flipkart (the sole seller of Motorola Mobility products in India) and the average rating was about 4.6 (on 5). "The complaints are mostly about there not being enough stock," he said. 

Ahlqvist said the decision to go solely with an ecommerce player to sell its phones also proved to be hugely successful, and there was no plan to change that model in the foreseeable future. "We were doing this for the first time in the world (to go with a single seller and that too an online seller). Even for Flipkart it was a big decision, as they were also doing it for the first time. We had no idea it would become so successful," he said. 

Flipkart enabled Motorola to quickly reach remote locations in India. And where customers complained that Flipkart was not serving them in certain locations, Flipkart expanded to those areas. "The customers in India are really educated and well informed. They are paying attention to what Amazon customers are saying in other countries, what bloggers around the world are saying," he said. 

Asked if he anticipated any changes following Lenovo's acquisition of Motorola Mobility, he said he believed Lenovo would retain it as a separate brand and take forward the essence of the changes brought under Google, which was to reduce complexity, have fewer products, but ensure those products make a real difference. "Lenovo can drive scale and global presence. Smartphone manufacturing will require PC manufacturing like capabilities in future, and that's a strength Lenovo will bring," he said. 

Asked about the Moto X, a higher end smartphone that has just been launched at Rs 24,000, Ahlqvist said the initial feedback has been very positive. "We have combined simplicity with some great functionality. For instance, you can do a lot of operations without touching the phone, by simply speaking out," he said
.


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Facebook to buy virtual reality firm Oculus for $2bn

Facebook to buy virtual reality firm Oculus for $2bn

Facebook to buy virtual reality firm Oculus for $2bn
The TOI tried Oculus Rift, a prototype virtual reality headset, at Consumer Electronics Show in Las Vegas in January and found it to be an impressive piece of engineering that could transform video gaming. (TOI photo by Javed Anwer)

NEW DELHI: Facebook CEO Mark Zuckerberg is definitely not finished with his shopping. Barely a month after Facebook spent $19 billion on WhatsApp, the company on Wednesday announced that it was buying Oculus VR, a firm that was working on a virtual reality headset for video gamers.

For Oculus, Facebook is forking out around $2 billion. According to the company, "this includes $400 million in cash and 23.1 million shares of Facebook common stock."

"I'm excited to announce that we've agreed to acquire Oculus VR, the leader in virtual reality technology," Zuckerberg said in a post on Facebook. "Virtual reality was once the dream of science fiction. But the internet was also once a dream, and so were computers and smartphones. The future is coming and we have a chance to build it together. I can't wait to start working with the whole team at Oculus to bring this future to the world, and to unlock new worlds for all of us."

While Oculus VR has not yet shipped any product, for the last one and half years it has shown several prototypes that a video gamer can wear to change his or her field of view into a virtual 3D environment. The TOI tried Oculus Rift, a prototype virtual reality headset, at Consumer Electronics Show in Las Vegas in January and found it to be an impressive piece of engineering that could transform video gaming. Gamers wearing Rift do not see the gaming screen. Instead they see a virtual world made of 3D objects. Essentially, this gives the gamers a feeling that they are inside the game.

While many companies have tried to create virtual gaming environment to make video gaming more immersive, until now only Oculus has come close to provide a solution that works and is viable.

For now it is not clear how Facebook, which is not strictly a gaming company and neither has any known gaming-specific plans, will use Oculus technology. Zuckerberg in his post was vague on why his company was buying the maker of a virtual reality headset.

"Oculus's mission is to enable you to experience the impossible. Their technology opens up the possibility of completely new kinds of experiences," Zuckerberg wrote. "Immersive gaming will be the first, and Oculus already has big plans here that won't be changing and we hope to accelerate. We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this."

He added, "But this is just the start. After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home."

Oculus VR started working on its virtual reality headset in 2012. While it started small, the company's idea of how virtual reality should be done has steadily gained pace. The prototypes of virtual reality headsets the company created have been received well among game developers. Last year, John Carmack, an influential game developer who single-handedly created the first-person shooter genre with his iconic Doom game in early 1990s, left the company — Id Software — that he founded and joined Oculus as chief technology officer.

Zuckerberg hints that he does not consider Oculus as something that is strictly meant for gaming. Instead, he believes the virtual reality is the next technology platform. "Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," said Zuckerberg. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."

Other companies are also working to create gadgets that can bring virtual reality to gamers. Sony recently announced Project Morpheus, a headset similar to Oculus Rift that will give PS4 gamers more intense gaming experience
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'Dendroid' virus targeting Android phones in India

'Dendroid' virus targeting Android phones in India

'Dendroid' virus targeting Android phones in India
Indian cybersecurity sleuths have alerted users of Android smartphone about the malicious activities of a virus called 'Dendroid'.

NEW DELHI: Indian cybersecurity sleuths have alerted users of Android smartphone about the malicious activities of a tricky virus called 'Dendroid' whose infection could "completely compromise" their personal phone device.

The virus of the deadly 'Trojan' family, once activated, could change the command and control server of a user's personal Android phone and intercept private SMSes coming in or going out.

"It has been reported that a malicious toolkit called Dendroid is being used to create trojanised applications that infects Android-based smartphones. The malware is created by modifying the required permissions by any clean APK (Android Application Package) with Dendroid RAT functionality that allows detailed management of the infected devices," the Computer Emergency Response Team of India (CERT-In) said in its latest advisory to Android phone users in the country.

The CERT-In is the nodal agency to combat hacking, phishing and to fortify security-related defences of the Indian Internet domain.

Security experts say the virus is street-smart because it has a striking resemblance to the name Android.

The agency said upon installation of this malicious application, a remote attacker could "completely compromise the affected Android-based smartphone and could control it remotely".

The virus can perform a number of malicious activities. "It can change the command and control server, delete call logs, open web pages, dial any number, record calls and audio, SMS interception, upload images and video to remote location and open an application," the advisory said, categorising the virus as an "attack toolkit".

It said the malware infected "is controlled by the attacker through Dendroid Toolkit. Dendroid is a HTTP RAT, having a sophisticated PHP administration panel and an application APK binder package."

The agency has suggested some countermeasures to thwart the ill-attempts of the latest virus including keeping a check on the overall usage and any unsatisfactory rise in the user's mobile phone bill.

"Do not download and install applications from untrusted sources, install applications downloaded from reputed application market only, run a full system scan on device with mobile security solution or mobile antivirus solution, check for the permissions required by an application before installing,.

"Exercise caution while visiting trusted/untrusted sites for clicking links, install Android updates and patches as and when available from Android device vendors, users are advised to use device encryption or encrypting external SD card feature available with most of the Android OS," the agency said.

Android phone users, the CERT-In said, are also advised to keep an eye on data usage (application-wise usage also) and unusual increase in mobile bills and keep an eye on device battery usage (application-wise usage also).

"Avoid using unsecured and unknown Wi-Fi networks. There may be rogue Wi-Fi access points at public places used for distributing malicious applications and make a practice of taking regular backup of Android device," the advisory said
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