Google's Sundar Pichai named CEO at Alphabet

News Network
December 4, 2019

San Francisco, Dec 4: Google chief executive Sundar Pichai will assume the CEO role at parent firm Alphabet in a shakeup at the top of the Silicon Valley titan, the company said Tuesday.

Pichai will take over from Larry Page, a co-founder of the internet giant, at the holding firm which includes Google as well as units focusing on "other bets" in areas including self-driving cars and life sciences.

Page and Google co-founder Sergey Brin "will continue their involvement as co-founders, shareholders and members of Alphabet's board of directors," the company said.

In a letter to employees, Page and Brin wrote: "We've never been ones to hold on to management roles when we think there's a better way to run the company."

They added that Pichai "brings humility and a deep passion for technology to our users, partners and our employees every day" and that there is "no better person to lead Google and Alphabet into the future."

Alphabet was formed in 2015, giving a separate identity to the original company Google and other projects such as autonomous car unit Waymo and smart cities group Sidewalk Labs.

The 47-year-old Pichai, born in India, takes the helm at a time when Page and Brin have been noticeably absent and the company faces a torrent of controversies relating to its dominant position in the tech world.

Pichai is likely to fill a void at the company as it faces antitrust investigations and controversies over privacy and data practices in the United States and elsewhere.

The company has also faced allegations of failing to adequately address sexual harassment in the workplace and of straying from the ideals espoused by the founders in the company's early code of conduct which included the motto "don't be evil."

"He's a technologist but he's been a steady hand for the last few years and has proven his ability to conduit business at the highest level," said Roger Kay, analyst at Endpoint Technologies Associates.

Kay added the move "ratifies that the (Google) founders have stepped aside almost entirely."

Pichai will have a new role as he faces up to claims from President Donald Trump of "bias" in internet search results, and the latest charge from Amnesty International that its business model leads to human rights violations by enabling surveillance of users.

Earlier this year, Pichai met with Trump and appeared to ease the US president's concerns that Google was unwilling to help the US military but was boosting China and its military.

Trump tweeted after the March meeting that Pichai was "totally committed" to US security.

Last December, Pichai kept calm as he parried US lawmakers over complaints of political bias and intrusive data collection.

"We build our products in a neutral way," Pichai said in one exchange with a lawmaker, and added later: "We approach our work without any political bias."

Born to humble beginnings in the southern city of Chennai, he studied engineering at the Indian Institute of Technology (IIT) in Kharagpur before heading to the United States to further his studies and career.

After leaving India, he attended Stanford University and later studied at the Wharton School at the University of Pennsylvania.

In recent years, Alphabet has become one of the world's most valuable companies, with a 2018 profit of some $30 billion on revenue of $136.8 billion.

The 2015 reorganization appeared aimed at installing the startup mentality for new ventures, described by Google as "moonshots."

These ventures, including the life sciences group Verily and the biotech operation Calico, have been losing money.

Kay said the "other bets" have been struggling because even though they have the financial backing from Google's profits "they don't have the do-or-die element" of other startups.

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News Network
April 25,2020

Bueno Aires, Apr 25: Dozens of prisoners at a jail in Argentina's capital Buenos Aires rioted on Friday demanding urgent health measures after confirmation of a coronavirus case inside the facility.

Police surrounded the prison, which holds around 2,200 inmates, as explosions were heard, news agency reporters at the scene said.

A group of prisoners managed to climb onto a roof, burn mattresses and throw objects at security guards trying to quell the uprising.

Authorities have yet to comment on the riot or whether there are any injuries.

Inmates could be heard shouting demands for a judge to hear their case and for better protection against the pandemic, just a few days after a warden at the Villa Devoto prison was confirmed to have contracted the novel coronavirus.

"COVID-19 in Devoto, genocidal judges," read a banner hung from the prison roof. "We refuse to die in prison," read another.

The inmates are demanding, among other things, that releases that were pending before the pandemic be processed.

Several other riots broke out in prisons last week, including in Florencio Varela in Buenos Aires province where one inmate died and 20 were injured.

Argentina has been in lockdown since March 20 and has recorded more than 3,400 coronavirus cases and 167 deaths.

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News Network
May 12,2020

New Delhi, May 12: A total of 12 special evacuation flights from across the globe will bring home stranded Indians on the sixth day of 'Vande Bharat Mission' on Tuesday.

The special flights include Air India flight from Manila to Ahmedabad, London to Hyderabad, Newark-Mumbai-Ahmedabad, AI flight from Singapore to Delhi, AI flight from Dhaka to Srinagar, Dammam to Kochi, Kuala Lumpur to Mumbai, Manila to Delhi, Muscat to Chennai, Dubai to Kannur, Dubai to Mangalore and Singapore-Bengaluru-Kochi.

Amidst the coronavirus pandemic, India is conducting 'Vande Bharat' Mission -- its biggest ever repatriation exercise since independence -- to bring back stranded Indians from abroad, including from the US, the UAE and the UK.

On the fifth day of Vande Bharat Mission, as many as 1,667 Indian nationals were repatriated from different countries in eight special flights.

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News Network
March 9,2020

New Delhi, Mar 9: Petrol and diesel prices registered a drop across the country on Monday as global oil prices plummeted around 30 per cent after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

In New Delhi, petrol price fell by 24 paise intra-day and stood at Rs 70.59 per litre. Diesel in the national capital was retailed at Rs 63.26 per litre on Monday as against Rs 63.51 on Sunday.

The retail price of petrol in Kolkata saw a drop of 23 paise to Rs 73.28 per litre. The diesel price fell by 25 paise in the eastern metropolitan city to retail at Rs 65.59 per litre.

In Mumbai, petrol price was Rs 76.29 per litre as against Rs 76.53 a day earlier. Diesel was retailed at Rs 66.24 per litre, 26 paise lower than on Sunday.

In Chennai, petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. Diesel price saw a fall of 26 paise to retail at Rs 66.75 per litre in the southern metropolitan.

Global crude oil prices fell by as much as a third following Saudi Arabia's move to start a price war with Russia amid worries over the spread of coronavirus.

Brent crude futures were down 13.29 dollars or 29 per cent at 31.98 dollars a barrel by 04:33 hrs GMT after earlier dropping to 31.02 dollars, their lowest since February 12, 2016.

Brent futures were on track for their biggest daily decline since January 17, 1991 at the start of the first Gulf War.

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