AOL Buys Huffington Post for 315 Million

first_imgThe deal “will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers,” said AOL CEO Tim Armstrong in a statement. One week after Newsweek and The Daily Beast announced their merger, AOL has announced that it will buy The Huffington Post for $315 million. Huffington Post founder Arrianna Huffington will take over AOL editorial operations going forward and AOL sites such as Politics Daily and Daily Finance could be shut down, with writers transferring to Huffington Post, according to The New York Times. While AOL’s recent content strategy has emphasized, quick, low cost editorial through initiatives such as local news network Patch, it’s also made several recent high profile content acquisitions, including TechCrunch and video distribution company 5min media. The Huffington Post generated $30 million in revenue and 26 million unique users in 2010, according to comScore. In a conference call with analysts, AOL CFO Arthur Minson said Huffington Post could generate $50 million in revenue in 2011. Meanwhile, AOL cut an estimated 2,500 jobs last year, according to The New York Times. last_img read more

Rashmika Mandannas loss is Anu Emmanuels gain

first_imgA collage of Anu Emmanuel and Rashmika Mandanna’s pictures.Anu Emmanuel/Rashmika Mandanna Facebook PagesAnu Emmanuel has been signed to play one of the two female leads in Sivakarthikeyan’s upcoming movie with director Pandiraj. It is now said that the makers had approached a few popular names before zeroing in on her.Rumours in Kollywood media claim that Rashmika Mandanna was the first choice to play the female lead in the flick, presently referred to as SK16. Owing to date and other issues, the Kodagu girl could not take up the project. It has to be noted that she is pairing up with Karthi in Bakkiyaraj Kannan’s upcoming flick.The makers of the Sivakarthikeyan-starrer had a few actresses in mind before the offer was bagged by Anu Emmanuel. Some unconfirmed reports claim that Pooja Hegde too was in the race, but in the end it is Anu who grabbed the offer in both hands.Apart from c, Aishwarya Rajesh has been roped in to play for an important role in the flick, which also has Yogi Babu, Soori, Bharathiraaja and others in the cast.The movie marks the second union of Sivakarthikeyan’s and Pandiraj after Kedi Billa Killadi Ranga. It is a family entertainer packed with action which is jointly produced by KE Gnanavel Raja and Udhayanidhi Stalin.The film has D Imman’s music, Nirav Shah’s cinematography and Ruben’s editing.last_img read more

Sensex Nifty close with modest gains BSE gets approval for IPO

first_imgIndian stock markets ended Tuesday trading with modest gains, reversing losses of Monday, the first trading day of calendar year 2017. The BSE Sensex, led by Power Grid Corporation, Axis Bank and Coal India, closed 48 points higher at 26,643 while the NSE Nifty ended at 8,192, up 13 points.Power Grid Corporation gained 2.49 percent, Axis Bank 1.90 percent and Coal India 1.53 percent.Read: Domestic car sales in December show mixed trend “Weak macros failed to dent markets’ enthusiasm, as November figures were expected to be on the weaker side, and with budget announcement expected in just a month, sentiments remained positive. However, with US markets back after holidays, global cues will have more weightage in the coming days especially with jobs data scheduled this week,” Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services, said in a note.The government had released provisional data for eight core sectors for November 2016. The eight sectors that account for have a 38 percent weight in the factory output benchmark (Index of Industrial Production) rose 4.9 percent YoY while the eight-month cumulative growth also came in at 4.9 percent.In an update, the Union Finance Ministry said the disinvestment receipts at Rs 23,529 crore constitute about 41 percent of the Rs 56,500 crore target for the financial year 2016-17. The target comprised Rs 36,000 crore from disinvestment of public sector undertakings and Rs 20,500 crore from strategic disinvestment.The Bombay Stock Exchange (BSE), Asia’s oldest, got capital markets regulator’s approval for its Rs 1,500-crore initial public offering (IPO). Existing shareholders of the BSE including Singapore Exchange, Bajaj Holdings and Investment and others will be offloading about 29.9 million shares to the public.Infosys, Wipro write letters to employeesIn separate letters, Vishal Sikka, CEO of Infosys, and Azim Premji, chairman of Wipro, have asked their employees to brace up for a tough 2017.”At a time when the world around us seems ever more influenced by the baser instincts and tendencies, we must bring the best of our intentions, and the best of our imagination, our knowledge and our conviction, to all that we do,” Bloomberg quoted from Sikka’s letter.Infosys will be declaring its Q3 results on January 13, while  Wipro will be announcing its financial performance on January 25.NRIs all set to meet in Bengaluru this weekThe 14th edition of the annual convention of Non Resident Indians (NRIs), officially called Pravasi Bharatiya Divas, or PBD, will be held in Bengaluru from January 7 to 9. There are about 31 million Indians living abroad, of which 17.8 million are NRIs and 13.4 million persons of Indian origin (PIOs), according to a government statement released on Tuesday.The event will be graced by many leaders of foreign countries as well.”Prime Minister of Portugal Dr Antonio Costa will be the Chief Guest for the inaugural function. Ministers from Malaysia Dato’ Seri S Samy Vellu, Special Envoy of the Government of Malaysia for Infrastructure, Dato’ Seri Dr S Subramaniyam, Minister of Health and Mauritius Minister Prithvi Raj Singh Roopun will also participate in the PBD as special guests,” the statement said.last_img read more

Unsung heroes of Austria India

first_imgDelhi Tourism along with Austrian Cultural Forum of the Austrian Embassy, New Delhi has embarked upon to present an unusual touring exhibition which attempts to project the life stories of important Austrian and Indian women of the past 200 years. “Women have far too often been forgotten, overlooked and marginalised irrespective of a period, geographical borders, and cultures. But yet their lives and their works have been found quite exemplary and a source of growth, development, expansion, and improvement of the society in general,” the Delhi Tourism said in a statement. Also Read – Add new books to your shelfProjecting these unsung women champions from Austria and India together in full knowledge of inevitable gaps, the exhibition, “Inspiring Women Austria-India” (Calliope Austria) representing almost the same period, was inaugurated in the Capital on August 25 jointly by Brigitte Oeppinger-Walchshofer, Ambassador of Austria and Varsha Joshi, Secretary (Tourism), Government of Delhi.In order to reach out to the public at large, this exhibition has been envisaged to be kept away from the conventional walled galleries and venues and to showcase the same in public spaces. The Exhibition will be on view on the following dates and Venues at:August 28 and August 29 at Dilli Haat, PitampuraAugust 30 and August 31 at Dilli Haat, JanakpuriSeptember 1 and September 2 at Garden of Five SensesThis touring exhibition will also be exhibited outside Delhi, in other states of India.last_img read more

Supriyo back in controversy over derogatory theme song

first_imgKolkata: Outgoing BJP MP from Asansol Babul Supriyo, who is contesting from the same constituency, triggered controversy yet again on Sunday morning as he was accused of playing the theme song of his party, which has already been banned by the Election Commission.The theme song had been sung by Supriyo himself. The commission had, however, issued a ban on the song immediately after it found the lyrics to be derogatory in nature. The commission had instructed the state BJP leaders to change the lyrics and the language of the song, as it had attacked Trinamool Congress and its supremo Mamata Banerjee in a subtle way. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe office of the Chief Electoral Officer (CEO) had clearly stated that the song could not be played under any circumstances by Supriyo or any other BJP leader, during the election campaigns. The CEO’s office had also told BJP that they would only consider lifting the ban after the party submits a revised version of the song, with changed lyrics and language. The commission had asked the BJP leaders to remove some lines from Supriyo’s song, as it had been identified as ‘derogatory in nature’. The election officials made their stand clear that they would give a go-ahead to the party only if they find the song devoid of any subtle attack on any other political party. Supriyo had also not obtained any prior permission from the Election Commission to sing the theme song for his party. Also Read – Lightning kills 8, injures 16 in stateIn sharp contrast and blatant disregard for the directive of the CEO’s office, BJP leaders and activists were seen playing the song on loudspeakers fitted in their vehicles, on their way to the rally at Brigade parade ground which was attended by Prime Minister Narendra Modi recently. Supriyo had taken out a rally in Asansol on Sunday morning, when the controversial theme song was played in a speaker fitted on a tableau. The commission is currently looking into the matter. They are also keeping a tab on the media cell. However, Supriyo told the media that he did not receive any letter from the commission regarding the ban. He said what he had received from the commission was a letter asking for a revision in the lyric of the song. The legal cell of BJP is looking into the matter, Supriyo told the media in Asansol.last_img read more

Elon Musk to Build Hyperloop Track Likely in Texas

first_img This story originally appeared on CNBC Growing a business sometimes requires thinking outside the box. 2 min read Elon Musk plans to build a test track for a high-speed Hyperloop transportation system, most likely in Texas, he tweeted on Thursday.Will be building a Hyperloop test track for companies and student teams to test out their pods. Most likely in Texas.— Elon Musk (@elonmusk) January 15, 2015The system would allow passengers to zoom in pods through systems of tubes at speeds of at least 600 miles per hour, which would easily outpace current high-speed rail systems. Companies and students could test out their pods at the test track, Musk said.Previous reports have indicated that the Hyperloop system—plans for which Musk unveiled in 2013— could chop a trip from Los Angeles to San Francisco to about 30 minutes for less than the cost of an airline ticket.Hyperloop Transportation Technologies, a crowd-funded organization unaffiliated with Musk that has worked to develop the concept, could not immediately be reached to comment on its knowledge of plans for a test track. Tesla Motors and Musk, its chief executive, have repeatedly undertaken efforts in Texas to ease its restrictions on direct auto sales.Model of the Hyperloop system as described by Elon Musk.Image credit: Tesla MotorsHe added that he would consider holding a “pod racer competition” for students at the test track.Also thinking of having an annual student Hyperloop pod racer competition, like Formula SAE— Elon Musk (@elonmusk) January 15, 2015 —CNBC’s Phil LeBeau and NBC News contributed to this report. Register Now » Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global January 15, 2015last_img read more

Search is on for CLIAs next President CEO as DAousts departure looms

first_img Share Search is on for CLIA’s next President & CEO as D’Aoust’s departure looms Tags: CLIA, Retirement Thursday, July 19, 2018 Travelweek Group center_img MIAMI — CLIA President and CEO Cindy D’Aoust has announced she will be stepping down from her post at the end of the year to focus on family priorities.D’Aoust will remain in her role until a successor is identified and will help oversee the transition of a new leader, says CLIA. CLIA’s Global Executive Committee is developing a transition plan that will include a search for a new president and CEO. “CLIA has been fortunate to have Cindy at the helm for the last two years but we respect her decision to focus on her family and wish her all the best,” said Arnold Donald, Global Chair, CLIA and President and CEO, Carnival Corporation & plc.CLIA says it has retained the services of executive search firm Russell Reynolds Associates to lead the search for a new president and CEO. Posted by << Previous PostNext Post >>last_img read more