| Friday, February 13, 2009 |
| Orissa train mishap, toll goes up to 16 |
Sixteen passengers were killed and 161 injured when 13 bogies of the Chennai-bound Coromandel Express from Howrah derailed while changing tracks in Orissa's Jajpur district. The toll can go up, indicate news reports.
A massive operation is stilll underway to rescue passengers trapped in the mangled bogies of the train.
Director General of Police Manmohan Praharaj said 16 passengers were killed, while over 160 were injured, with the condition of many being serious. The driver and the assistant driver of the train were seriously injured.
The bodies of the killed passengers have been recovered, he said. The casualty figure was likely to mount as some bodies were feared trapped in the bogies, some of which had climbed on adjoining ones, railway sources said.
The injured were shifted to the local hospital and the SCB Medical College Hospital at Cuttack, about 60 km from the accident site, railway sources said. Medical teams and ambulances were mobilised from Jajpur, Cuttack and adjoining districts to ferry the injured to hospitals.
Though rescue operations were initially affected due to the darkness, flood lights were rigged up. Orissa Disaster Rapid Action Force teams joined the rescue operation with high-tech equipment.
East Coast Railway General Manager A K Goyal, along with senior railway officials rushed to the site, while Railway Board chairman S S Khurana was likely to visit the spot.
As directed by Orissa Chief Minister Naveen Patnaik, Finance minister Prafulla Ghadai and Women and Child Development minister Pramila Mallick, both of whom belong to Jajpur district, have rushed to the site.
Railway Minister Lalu Prasad Yadav [Images] said that a probe will be ordered into the accident.
He also announced Rs five lakh and a job for the next of the kin of the dead, Rs 50,000 for the seriously injured and Rs 10,000 for those with minor injuries.
Free treatment to all injured in the accident has been assured by the Railway Minister. "Minister of State of Railways R Velu, Chairman of the Railway Board S S Khurana and Board member (Engineering) S K Vij will reach the accident spot on Saturday and make an assessment of the incident," Prasad told reporters.
The bogies had rammed in to each other so badly that the passengers were stuck inside and steel cutters, cranes and other equipment were being used to get them out of the mangled bogies, officials said.
The railway authorities have opened up two help lines to provide information about the accident for the victims' families. The numbers are 0674-2303720 and 0674-2534694.
All trains on that route have been diverted from Bhubaneswar towards Sambhalpur, the railway officials said.
source:rediff.comLabels: Todays News |
posted by vinoth @ 10:20 PM  |
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| Orissa train mishap, toll goes up to 16 |
Sixteen passengers were killed and 161 injured when 13 bogies of the Chennai-bound Coromandel Express from Howrah derailed while changing tracks in Orissa's Jajpur district. The toll can go up, indicate news reports.
A massive operation is stilll underway to rescue passengers trapped in the mangled bogies of the train.
Director General of Police Manmohan Praharaj said 16 passengers were killed, while over 160 were injured, with the condition of many being serious. The driver and the assistant driver of the train were seriously injured.
The bodies of the killed passengers have been recovered, he said. The casualty figure was likely to mount as some bodies were feared trapped in the bogies, some of which had climbed on adjoining ones, railway sources said.
The injured were shifted to the local hospital and the SCB Medical College Hospital at Cuttack, about 60 km from the accident site, railway sources said. Medical teams and ambulances were mobilised from Jajpur, Cuttack and adjoining districts to ferry the injured to hospitals.
Though rescue operations were initially affected due to the darkness, flood lights were rigged up. Orissa Disaster Rapid Action Force teams joined the rescue operation with high-tech equipment.
East Coast Railway General Manager A K Goyal, along with senior railway officials rushed to the site, while Railway Board chairman S S Khurana was likely to visit the spot.
As directed by Orissa Chief Minister Naveen Patnaik, Finance minister Prafulla Ghadai and Women and Child Development minister Pramila Mallick, both of whom belong to Jajpur district, have rushed to the site.
Railway Minister Lalu Prasad Yadav [Images] said that a probe will be ordered into the accident.
He also announced Rs five lakh and a job for the next of the kin of the dead, Rs 50,000 for the seriously injured and Rs 10,000 for those with minor injuries.
Free treatment to all injured in the accident has been assured by the Railway Minister. "Minister of State of Railways R Velu, Chairman of the Railway Board S S Khurana and Board member (Engineering) S K Vij will reach the accident spot on Saturday and make an assessment of the incident," Prasad told reporters.
The bogies had rammed in to each other so badly that the passengers were stuck inside and steel cutters, cranes and other equipment were being used to get them out of the mangled bogies, officials said.
The railway authorities have opened up two help lines to provide information about the accident for the victims' families. The numbers are 0674-2303720 and 0674-2534694.
All trains on that route have been diverted from Bhubaneswar towards Sambhalpur, the railway officials said. |
| posted by vinoth @ 10:20 PM |
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| Best time for IT to bank on BFSI |
The economic downturn, which broke the back of majority of US-based financial institutions, has caused a worry among Indian IT companies. Technology investments by these institutions are expected to be minimal or in some case totally shelved, thereby forcing IT vendors to look for other pastures or shut down shops for good.
However, speakers at NILF 2009 argue on the contrary. They firmly believe that for Banking and Financial Institutions to survive the present downturn, investment in technology is the best bet for them to come out of times unscathed.
The session, 'Will BFSI continue to bank on IT', as expected, started on a gloomy note for Indian IT industry, but gained momentum and optimism in favor of BFSI looking at IT to bail it out of recession.
Kicking off the session, Rodney Nelsestuen, research director, research firm, Tower group, said the next financial year will, as expected, see a dip in IT investments coming from BFSI segment, which will continue to witness similar trend till 2012. After that, Rodney forcast the investments to look up.
"Because of industry going through tough times, we will see revenues by Indian IT companies to take a hit for an initial period. This situation has been aggravated by the protectionary voices, recent terror attacks in Mumbai, which because of recency affect is on minds of many US-based financial institutions," added Rodney.
However, Rodney says because of compliance and regulatory framework, BFSI has to turn to IT and this will see investments coming in near future.
David Awcock, CTO, Standard Chartered Bank, however, said for the time, meltdown lasts, CIOs will look at sweating out investment in existing technologies rather than making new investments.
"I will not see any new investment coming soon, but I foresee BFSI sectors going for server consolidation, storage acceleration and network rationalization. Too much time is spent in fighting technology rather than leveraging benefits of technology and I see this as consolidatory period to streamline processes and realign technology with business processes," added Awcock.
Awcock added that BFSI companies going forward will also put more emphasis on open source and renegotiating existing contracts and investment in new technologies like virtualisation will take a back seat.
Jonathan Teplitz, MD, JP Morgan, put spark in the discussion and cheer to the faces of the IT vendors present, by arguing the case for the IT as a great bet for BFSI to chart out new growth areas.
"In these times, we need technologies which can manage capacity, turn on and turn off processes as and when we need. Technology being an enabler would allow us to add new customers, new processes as well as weed out ones that are not needed."
He said IT will help banks to reach out to customers in new geographies in much cost-effective manner.
"Recession in the US and Europe means that we have to look for new geographies and we can target middle market in Asia or Africa by leveraging wireless technologies," added Teplitz.
Talking about JP Morgan, Teplitz said the firm was digitizing all its branches and the process has helped them to save 700,000 hours of manual work.
"Today our customer can drop in a cheque and it gets automatically added to his account. Imagine the costs we would have incurred by manually sending these cheques to all our branches. Technology is helping us to automate people and processes which helps us to understand buying patterns and make wise decisions," he added.
Again when it comes to disaster recovery, Teplitz added that the companies is leveraging on the investments already made. "Our services ran unhindered in spite of our US centre getting hit by Katrina hurricane Bangalore did the job seamlessly."Labels: economy |
| posted by vinoth @ 8:42 PM |
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| Best time for IT to bank on BFSI |
The economic downturn, which broke the back of majority of US-based financial institutions, has caused a worry among Indian IT companies. Technology investments by these institutions are expected to be minimal or in some case totally shelved, thereby forcing IT vendors to look for other pastures or shut down shops for good.
However, speakers at NILF 2009 argue on the contrary. They firmly believe that for Banking and Financial Institutions to survive the present downturn, investment in technology is the best bet for them to come out of times unscathed.
The session, 'Will BFSI continue to bank on IT', as expected, started on a gloomy note for Indian IT industry, but gained momentum and optimism in favor of BFSI looking at IT to bail it out of recession.
Kicking off the session, Rodney Nelsestuen, research director, research firm, Tower group, said the next financial year will, as expected, see a dip in IT investments coming from BFSI segment, which will continue to witness similar trend till 2012. After that, Rodney forcast the investments to look up.
"Because of industry going through tough times, we will see revenues by Indian IT companies to take a hit for an initial period. This situation has been aggravated by the protectionary voices, recent terror attacks in Mumbai, which because of recency affect is on minds of many US-based financial institutions," added Rodney.
However, Rodney says because of compliance and regulatory framework, BFSI has to turn to IT and this will see investments coming in near future.
David Awcock, CTO, Standard Chartered Bank, however, said for the time, meltdown lasts, CIOs will look at sweating out investment in existing technologies rather than making new investments.
"I will not see any new investment coming soon, but I foresee BFSI sectors going for server consolidation, storage acceleration and network rationalization. Too much time is spent in fighting technology rather than leveraging benefits of technology and I see this as consolidatory period to streamline processes and realign technology with business processes," added Awcock.
Awcock added that BFSI companies going forward will also put more emphasis on open source and renegotiating existing contracts and investment in new technologies like virtualisation will take a back seat.
Jonathan Teplitz, MD, JP Morgan, put spark in the discussion and cheer to the faces of the IT vendors present, by arguing the case for the IT as a great bet for BFSI to chart out new growth areas.
"In these times, we need technologies which can manage capacity, turn on and turn off processes as and when we need. Technology being an enabler would allow us to add new customers, new processes as well as weed out ones that are not needed."
He said IT will help banks to reach out to customers in new geographies in much cost-effective manner.
"Recession in the US and Europe means that we have to look for new geographies and we can target middle market in Asia or Africa by leveraging wireless technologies," added Teplitz.
Talking about JP Morgan, Teplitz said the firm was digitizing all its branches and the process has helped them to save 700,000 hours of manual work.
"Today our customer can drop in a cheque and it gets automatically added to his account. Imagine the costs we would have incurred by manually sending these cheques to all our branches. Technology is helping us to automate people and processes which helps us to understand buying patterns and make wise decisions," he added.
Again when it comes to disaster recovery, Teplitz added that the companies is leveraging on the investments already made. "Our services ran unhindered in spite of our US centre getting hit by Katrina hurricane Bangalore did the job seamlessly."Labels: economy |
| posted by vinoth @ 8:42 PM |
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| Best time for IT to bank on BFSI |
The economic downturn, which broke the back of majority of US-based financial institutions, has caused a worry among Indian IT companies. Technology investments by these institutions are expected to be minimal or in some case totally shelved, thereby forcing IT vendors to look for other pastures or shut down shops for good.
However, speakers at NILF 2009 argue on the contrary. They firmly believe that for Banking and Financial Institutions to survive the present downturn, investment in technology is the best bet for them to come out of times unscathed.
The session, 'Will BFSI continue to bank on IT', as expected, started on a gloomy note for Indian IT industry, but gained momentum and optimism in favor of BFSI looking at IT to bail it out of recession.
Kicking off the session, Rodney Nelsestuen, research director, research firm, Tower group, said the next financial year will, as expected, see a dip in IT investments coming from BFSI segment, which will continue to witness similar trend till 2012. After that, Rodney forcast the investments to look up.
"Because of industry going through tough times, we will see revenues by Indian IT companies to take a hit for an initial period. This situation has been aggravated by the protectionary voices, recent terror attacks in Mumbai, which because of recency affect is on minds of many US-based financial institutions," added Rodney.
However, Rodney says because of compliance and regulatory framework, BFSI has to turn to IT and this will see investments coming in near future.
David Awcock, CTO, Standard Chartered Bank, however, said for the time, meltdown lasts, CIOs will look at sweating out investment in existing technologies rather than making new investments.
"I will not see any new investment coming soon, but I foresee BFSI sectors going for server consolidation, storage acceleration and network rationalization. Too much time is spent in fighting technology rather than leveraging benefits of technology and I see this as consolidatory period to streamline processes and realign technology with business processes," added Awcock.
Awcock added that BFSI companies going forward will also put more emphasis on open source and renegotiating existing contracts and investment in new technologies like virtualisation will take a back seat.
Jonathan Teplitz, MD, JP Morgan, put spark in the discussion and cheer to the faces of the IT vendors present, by arguing the case for the IT as a great bet for BFSI to chart out new growth areas.
"In these times, we need technologies which can manage capacity, turn on and turn off processes as and when we need. Technology being an enabler would allow us to add new customers, new processes as well as weed out ones that are not needed."
He said IT will help banks to reach out to customers in new geographies in much cost-effective manner.
"Recession in the US and Europe means that we have to look for new geographies and we can target middle market in Asia or Africa by leveraging wireless technologies," added Teplitz.
Talking about JP Morgan, Teplitz said the firm was digitizing all its branches and the process has helped them to save 700,000 hours of manual work.
"Today our customer can drop in a cheque and it gets automatically added to his account. Imagine the costs we would have incurred by manually sending these cheques to all our branches. Technology is helping us to automate people and processes which helps us to understand buying patterns and make wise decisions," he added.
Again when it comes to disaster recovery, Teplitz added that the companies is leveraging on the investments already made. "Our services ran unhindered in spite of our US centre getting hit by Katrina hurricane Bangalore did the job seamlessly."Labels: economy |
| posted by vinoth @ 8:42 PM |
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| Tuesday, February 10, 2009 |
| Pathan brothers pull off T20 thriller |
Helped by the Pathan brothers, India Tuesday pulled off a thrilling win against Sri Lanka in the first Twenty20 matched played in the island nation.
Chasing a mammoth 172 runs to win in the allotted 20 overs, India lost openers early and kept losing wickets at regular intervals. A win for the Twenty20 world champions seemed remote when the Pathan brothers, Irfan and Yusuf, came to the crease at the Premadasa stadium here.
Coming to bat when India were 115 for 7 after 15.1 overs, Irfan and IPL T20 specialist Yusuf fought back strongly and scored 59 runs in just 31 balls to ensure a three-wicket victory.
Yuvraj Singh was awarded the Hero Honda’s most glamourous player of the tour.
Yusuf Pathan was adjudged the man-of-the-match for scoring 22 runs in just 10 balls and taking two wickets.
Sri Lankan skipper Tillakaratne Dilshan said that although he thought 170 would be a winning total, at the end it was proved that they were at least 15 to 20 runs short.
‘Sanath (Jayasuriya) and I started off well, the middle order played well and (our bowlers) picked some early wickets, but both Yusuf and Irfan played really well. We conceded 16 wides that was the turning point of the match,’ Dilshan said, expressing satisfaction that the younger players in the team had done well.
Giving full credit to the Sri Lankan spinners for bringing the game to a nail-biting end, India’s skipper Mahendra Singh Dhoni said although his batsmen struggled a bit against the spinners in a turning wicket it was ‘a good learning process for them’.
‘There are lots of youngsters in our team and a stiff match like this is a great learning experience for them. It is a learning curve for the youngsters,’ Dhoni said after lifting the maiden Twenty20 trophy.
Irfan hit two fours and two sixes for his 33 off 16 balls while Yousuf had one four and two sixes to make a mockery of the Sri Lankan bowlers, who were going great guns before the duo joined forces.
Incidentally, it was a day of siblings, as the Hussey brothers - Michael and David - led Australia to victory against New Zealand in the fourth one-dayer of the Chappell-Hadlee series Tuesday.
Yousuf was first to go on the offensive when he blasted spinner Malinga Bandara for 17 runs in five balls after the Sri Lankan removed Ravinder Jadeja in the first ball. Before that Bandara was the pick of the Sri Lankan bowlers, claiming three wickets.
The match suddenly changed momentum when Irfan joined Yousuf in belting Sri Lankan bowlers to silence the crowd.
With 18 runs required from 12 balls, Irfan hit Dilhara Fernando for 13 runs, including a six and four. Irfan finished in style when he dismissed Malinga’s second ball of the last over for a six.
Earlier, Suresh Raina (35 off 27) and Yuvraj Singh (32 off 21) added 67 runs for the third wicket before the middle order crumbled.
The Sri Lankan innings revolved around Dilshan, who was leading Sri Lanka for the first time. Veteran Jayasuriya and Dilshan gave a perfect start to Sri Lanka with 59 runs in six overs.
They opened up strongly, smashing 38 runs in four overs with Ishant Sharma being hit all over the park.
Jayasuriya blasted three fours and two sixes in 17 balls while Dilshan’s 47-ball knock included seven fours and one six.
Irfan provided the breakthrough to India, dismissing Jayasuriya.
Dilshan was joined by Jehan Mubarak and they added 28 runs. The run rate slowed down in the middle overs and Sri Lanka could add only 36 in seven oversLabels: sports |
| posted by vinoth @ 9:57 PM |
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| Tuesday, January 6, 2009 |
| Free Templates and web designing |
Hi Friends,
The best templates for our blog we can choose it from the
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http://www.wix.com |
| posted by vinoth @ 9:15 PM |
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