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Saturday, August 19, 2017

Infosys announces buyback worth Rs 13,000 cr at price of Rs 1,150 per share

The board of India’s second-largest IT company Infosys on Saturday Aug 19,2017 approved buyback worth Rs 13,000 crore, at a premium of 19.08% and 18.70% over the weighted average market price on BSE and NSE respectively.

The board, in its first meeting after the resignation of its CEO and MD Vishal Sikka, approved the buyback offer. This is said to be the first-ever share buyback offer in its 36-year history. 

The company will purchase 11,30,43,478 equity shares at the rate of Rs 1,150 per share. The company is offering a premium of 19.08% and 18.70% over the weighted average market price over past three months on BSE and NSE respectively.

“The buyback offer size is 20.51% of the total paid-up equity capital and free reserves of the company, as per the latest audited balance sheet,” company said in a filing to BSE.

Kerala’s elephant population goes up

Preliminary results from the All India Synchronised Elephant Population Estimation released by the Ministry of Environment, Forests and Climate Change on August 12 peg Kerala's elephant numbers at 3,054, the third highest among the 23 States where elephants are found. Of the four elephant reserves in Kerala, the Anamudi elephant reserve has the highest elephant density at 0.41 elephants per sq km.
According to the seventh elephant census (which lists elephant numbers based on direct sighting-based counts between 17 and 19 May this year), elephants were found to occur in 37 forest divisions in the State, and distributed across 9,670 sq km. While the Wayanad and Nilambur elephant reserves have a density of 0.25 elephants per sq km, the Periyar elephant reserve supports 0.31 elephants per sq km.
Elephant population densities (the number of individuals within a given area) are crucial baseline data that are necessary to study the dynamics of elephant populations in the wild.
While the State's current elephant population of 3,054 is a significant decrease from the census estimates in 2012 (which estimated the then elephant population to be 6,117), parallels cannot be drawn between both numbers because the estimation methodologies are different, cautions the report.

‘Dung count’ method

In 2012, elephant population estimates were based on the indirect 'dung count' method, which estimates pachyderm numbers based on elephant dung density and its distance from transects (straight lines up to 2 km along which data collectors walk), in a elephant habitat.
The rate at which dung decomposes and the frequency with which elephants defecate are factored into this data.
However, the direct 'sample block count' method in 2012 listed only 2,735 elephants in the State.
In the second method used to estimate wild elephant populations, volunteers locate elephant herds in blocks (areas between 4 and 7 sq km) and count the number of individuals, which is later used to derive elephant densities and the number.
“This is definitely comparable, and shows that the numbers of elephants has increased slightly in Kerala,” says Raman Sukumar, professor at the Indian Institute of Sciences and Director of the Asian Nature Conservation Foundation, who led the team that conducted the analysis.
However, a much better picture will emerge in three months when the results from the indirect count are examined, says Sukumar. “Overall, the report is a reasonably good first cut,” he adds.
The current census lists the total number of elephants in India at 27,312. Karnataka has the highest number of elephants at 6,049, followed by Assam (5,719).
The southern region, which includes Kerala, Andaman and Nicobar, Karnataka, Tamil Nadu, Maharashtra and Andhra Pradesh, has the highest number of elephants (11,960) among the four regions in India

Why antibiotics are a bane for India ?

Overuse, misconceptions and large population that is susceptible to infections because of other diseases – India has a lot at stake when to comes to the use of antibiotics.

Madonna shares first family portrait with her six kids

Singer Madonna has for the first time ever shared her family photo featuring all six of her children from her 59th birthday party.
She celebrated her 59th birthday with a gypsy-themed party in Lecce, Italy, on Thursday, and was showered with love from sons Rocco, 17, and David, 11, as well as daughters Lourdes, 20, Mercy James, 11, and twins Estere and Stella, 4, reports
The singer wore a corseted costume while her girls wore matching Dolce and Gabbana hydrangea-print ensembles. Madonna adopted the twins from Malawi in February, which she announced in an Instagram post.

State Funeral For 'Pakistan's Mother Teresa' Saturday August 19,2017

Pakistani soldiers on Saturday August 19,2017 carried the flag-draped coffin of German-born Catholic nun Ruth Pfau to a state funeral where she was honoured after devoting her life to eradicating leprosy in the country

Widely known as Pakistan's Mother Teresa, Pfau died last week in the southern city of Karachi at age 87. She is to be buried in her adopted homeland.

Mourners paid their last respects as Pfau's coffin was carried to the Marie Adelaide Leprosy Centre that she founded before being taken on to St. Patrick's Cathedral for the official service.

Pfau had been living in Pakistan since 1960, and her leprosy centre in Karachi was Pakistan's first hospital dedicated to treating the disease. She later opened treatment centres across the country.

"It is a big loss to this hospital and to humanity. It is very hard to find a person like her in today's era," said Yasmeen Morris, a staff member at the centre.

"She led a very simple life and she loved humanity."

In 1996, the World Health Organisation declared that leprosy had been controlled in Pakistan, which led Pfau to the more challenging task of eliminating the disease.

Last year, the number of patients under treatment for leprosy fell to 531 from over 19,000 in the 1980s.

About 'Pakistan's Mother Teresa' Ruth Katharina Martha Pfau

Born in Leipzig, Germany, in 1929, she went to France to study medicine and later joined the Society of Daughters of the Heart of Mary. Archbishop Coutts said she arrived in Karachi in 1960 due to some visa problems en route to India and was touched by what she saw at the leprosy colony off Macleod Road in Karachi. She decided to join the work Mexican Sr. Bernice Vargasi had begun three year earlier, Archbishop Coutts said.
In 1962 Sr. Ruth founded the Marie Adelaide Leprosy Centre in Karachi, Pakistan’s first hospital dedicated to treating Hansen’s disease, and later set up its branches in all provinces of Pakistan. She spent the rest of her life in the country and was granted Pakistani citizenship.

2017 India Tour of Sri Lanka - Sri Lanka Vs India First ODI @ Dambulla Sunday August 20,2017

The Rangiri Dambulla International Stadium hasn't been a happy hunting ground for the Men in Blue, though.
They have played 17 ODIs here, stretching back to 2004, and won nine of those matches, including bilateral and triangular series (in 2005 and 2010 involving West Indies and New Zealand respectively), and two Asia Cups in 2004 and 2010.
Head-to-head against Sri Lanka, they have played 11 ODIs at this venue but only managed to win four of them. Perhaps the most important marker in India's history at Dambulla was their game here in August 2008, when Virat Kohli made his international debut.
He returns here now, not only as a premier batsman in world cricket but also as the Indian skipper.
Having led his side to a comprehensive Test series win, back in 2015 and again this year, it is perhaps an indicator of the shift in balance between the two neighbours.
For Sri Lanka, meanwhile, this series is more than just a matter of saving face after their heavy losses in the Test series.
The hosts need two more ODI wins to confirm their spot in the 2019 ODI World Cup by way of automatic qualification.
If they do manage this feat against India in the upcoming series, they will move to 90 points and then West Indies will not be able to overtake them even if they win all the six ODIs against Ireland and England (taking their points from 78 to 88 at best) before the September 30 deadline
It is easier said than done, of course. India blanked Sri Lanka 5-0 the last time these two sides played a bilateral ODI series, back in November 2015 (in India).
The hosts also lost 3-2 to Zimbabwe at home before the Indian tour, a defeat that prompted Angelo Mathews to quit captaincy.
As such, new skipper Upul Tharanga will have his task cut out ahead of a major challenge.
But he will be buoyed by the fact that this inexperienced Lankan side did manage to upset the Indian applecart in their last ODI meeting at the Oval in the Champions Trophy. 
India: Virat Kohli (c), Shikhar Dhawan, Rohit Sharma, KL Rahul, Manish Pandey, Ajinkya Rahane, Kedar Jadhav, MS Dhoni (wk), Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Shardul Thakur.
Sri Lanka: Upul Tharanga (c), Angelo Mathews, Niroshan Dickwella (wk), Danushka Gunathilaka, Kusal Mendis, Chamara Kapugedera, Milinda Siriwardana, Malinda Pushpakumara, Akila Dananjaya, Lakshan Sandakan, Thisara Perera, Wanindu Hasaranga, Lasith Malinga, Dushmantha Chameera, Vishwa Fernando

MS Dhoni Gears Up For 1st ODI In Dambulla

Mahendra Singh Dhoni joined the India One-Day Internationals (ODIs) team on August 18 for a five-match ODI series against Sri Lanka which starts on August 20 at Dambulla. The Board of Control for Cricket in India (BCCI) have been uploading a series of tweets where the visitors can be seen training hard for the series. In a newly uploaded BCCI video on Twitter, MS Dhoni is seen all padded up and practicing hard. The video is captioned as, "The cut, leave, drive, slog, upper cut, pull - @msdhoni batting session #SLvIND."
The BCCI, on Friday, tweeted out photos of the Indian team playing football to warm-up before the training session and wrote," It was @imVkohli vs @msdhoni vs @klrahul11 at the football today. #SLvIND."
After outclassing Sri Lanka, 3-0, in the three-match Test series, the Men in Blue with their explosive batting line-up with the likes of Shikhar Dhawan, Rohit Sharma, Virat Kohli, Dhoni and Hardik Pandya are ready for another series victory and will be looking to capitalise on the weak Lankan bowling attack
On the other hand, Sri Lanka will be looking for redemption in the ODIs under their new captain Upul Tharanga after Angelo Mathews stepped down from the post after a historic series defeat at the hands of Zimbabwe.
"Sri Lanka have always been stronger in the white-ball format, and I am confident that we will come out strong and beat India," Tharanga sai

2017 Cincinnati Open - Simona Halep beat Johanna Konta Friday Aug 18,2017

Johanna Konta is out of the Western & Southern Open in Cincinnati after losing her quarter-final against second seed Simona Halep 6-4 7-6 (7/1) on Friday Aug 18,2017

The Brit looked in enviable form coming into the tie, having beaten Dominika Cibulkova in the last round.

Meanwhile Halep, the world No 2, had not dropped a set in her opening two matches, making the quarter-final clash highly anticipated.

Seventh seed Konta, who beat Halep in the quarter-finals at Wimbledon in July, did not go quietly, saving a series of match points and keeping Halep on court for almost two hours.

Konta, who had not lost to the Romanian in three previous meetings, saved two match points when trailing 5-3, and was down 40-0 down at 6-5 before battling back to win the game.

But Halep regrouped and romped through the tiebreaker to set up a semi-final against Sloane Stephens