Narayana Murthy’s allegations are false, slanderous: Infosys ex-chairman

News Network
September 1, 2017

Bengaluru, Sept 1: Former chairman of Infosys R Seshasayee on Friday shot back at the company’s co-founder Narayana Murthy, claiming that the latter on carrying out his personal ‘vendetta' against him and his charges were extremely offensive.

“To quote an anonymous whistleblower letter that alleged many things, which have subsequently been proved baseless and false through multiple investigations by highly respected counsel, in order to give an impression to the audience that I lied to the shareholders, is patently offensive,” Mr. Seshasayee said in a joint statement issued along with former directors of Infosys, John Etchemendy and Jeffrey Lehman.

All three quit the board following a public spat with Mr. Murthy, who accused the management of the New York Stock Exchange-listed firm of irregularities in buying a Israeli company, Panaya, and failing to act on whistleblower complaints on the pay package given to top management, including former Chief Financial Officer, Rajiv Bansal.

In June, the company stated that Gibson Dunn & Control Risks completed a detailed independent investigation and did not find any evidence whatsoever of wrongdoing. There was no evidence supporting the whistleblower’s allegations on acquisitions and inappropriate contracting.

The probe also found no evidence that the former Chief Executive Officer, Vishal Sikka, received excessive variable compensation or incurred unreasonable expenses for security and travel.

The anonymous whistleblower wrote a letter to the Securities and Exchange Board of India and the U.S. Securities and Exchange, among others alleging Infosys overpaid for Panaya. The whistleblower's letter mentioned that Panaya was struggling to raise money and employees were leaving the company when the acquisition happened and the board overlooked the decision to buy the firm at a “premium”.

Mr. Murthy, during his investors call on August 29, reiterated his complete faith in new chairman Nandan Nilekani to take the company back to its “glory days”.

“Since my resignation from the Board of Infosys, I have kept away from making any public statements, despite provocations, since I sincerely want the Company to move forward, and not be bogged down with the issues of the past. Mr. Murthy's statement to the investors reported by the Press, however, forces me to issue this statement, which is done only to defend myself against personal attacks and patently false and slanderous accusations,” Mr. Seshasayee said in the statement.

“Mr. Murthy 's statement to the investors misleadingly attributes words to me that are

taken completely out of context, making it appear that I was not stating the truth. I wish to categorically state that I have always been candid and truthful in all my statements concerning Infosys.”

During a press conference in Bangalore, Mr. Seshasayee had said he was close to quitting the company at least three times.

“It is regrettable that Mr. Murthy 's campaign on the alleged governance lapses has continually slipped into personal attacks and slander on individual board members,” the statement added.

Mr. Murthy had invited him to join the board and entrusted him the Chair of the Audit Committee, while he was still the Chairman.

“As late as February '17, much after the alleged lapses took place, Mr. Murthy also issued a press statement that I was a man of high integrity. I am therefore at a loss to understand the motivations for this persistent vendetta against me."

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Agencies
May 8,2020

Washington D.C., May 8: The prime time for brain development in a child's life is the first year, where the infant spends most of the time asleep. It is the time when neural connections form and sensory memories are encoded.

However, when sleep is disrupted, as occurs more often among children with autism, brain development may be affected, too.

New research led by the University of Washington finds that sleep problems in a baby's first 12 months may not only precede an autism diagnosis but also may be associated with altered growth trajectory in a key part of the brain, the hippocampus.

The study, which was published in the American Journal of Psychiatry, researchers report that in a sample of more than 400 taken of 6- to 12-month-old infants, those who were later diagnosed with autism were more likely to have had difficulty falling asleep.

It also states that this sleep difficulty was associated with altered growth trajectories in the hippocampus.

"The hippocampus is critical for learning and memory, and changes in the size of the hippocampus have been associated with poor sleep in adults and older children.

As many as 80 per cent of the children with autism spectrum disorder have sleep problems," said Annette Estes, director of the UW Autism Center and senior author of the study.

"In our clinical experience, parents have a lot of concerns about their children's sleep, and in our work on early autism intervention, we observed that sleep problems were holding children and families back," added Estes, who is also a UW professor of speech and hearing sciences.

"It could be that altered sleep is part-and-parcel of autism for some children. One clue is that behavioural interventions to improve sleep don't work for all children with autism, even when their parents are doing everything just right. This suggests that there may be a biological component to sleep problems for some children with autism," said Estes.

To consider links among sleep, brain development, and autism, researchers at the IBIS Network looked at MRI scans of 432 infants, surveyed parents about sleep patterns, and measured cognitive functioning using a standardized assessment.

At the outset of the study, infants were classified according to their risk for developing autism: Those who were at higher risk of developing autism -- about two-thirds of the study sample -- had an older sibling who had already been diagnosed.

Infant siblings of children with autism have a 20 per cent chance of developing autism spectrum disorder -- a much higher risk than children in the general population.

In the current study, 127 of the 432 infants were identified as "low risk" at the time the MRI scans were taken because they had no family history of autism.

They later evaluated all the participants at 24 months of age to determine whether they had developed autism. Of the roughly 300 children originally considered "high familial risk," 71 were diagnosed with autism spectrum disorder at that age.

Problems with sleep were more common among the infants later diagnosed with an autism spectrum disorder, as were larger hippocampi. No other subcortical brain structures were affected, including the amygdala, which is responsible for certain emotions and aspects of memory, or the thalamus, a signal transmitter from the spinal cord to the cerebral cortex.

The authors note that while parents reported more sleep difficulties among infants who developed autism compared to those who did not, the differences were very subtle and only observed when looking at group averages across hundreds of infants.

Sleep patterns in the first years of life change rapidly as infants transition from sleeping around the clock to a more adult-like sleep/wake cycle. Until further research is completed, Estes said, it is not possible to interpret challenges with sleep as an early sign of increased risk for autism.

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Agencies
July 30,2020

New Delhi, Jul 29: Air Commodore Hilal Ahmad Rather has become a buzz name in Kashmir overnight. Hilal saw off the first batch of Rafale jets which took off from France to India on Monday. Among other things, he has also been associated with the weaponisation of the Rafale aircraft for acclimatisation to Indian requirements.

Hilal is presently India's Air Attache in France.

The career details of this officer of the Indian Air Force (IAF) read like the decoration scroll of the best flying officer anywhere in the world.

Born in the south Kashmir's Anantnag district to middle-class parents, Hilal's father, late Mohammad Abdullah Rather retired as a deputy superintendent of police (Dy SP) in J&K police department. He has three sisters and is the only son of his parents. Hilal studied in Sainik School in Nagrota town of Jammu district.

He was commissioned in IAF as a fighter pilot on December 17, 1988, became flight lieutenant in 1993, wing commander in 2004, group captain in 2016 and air commodore in 2019.

He graduated from defence services staff college (DSSC). He also graduated from air war college (USA) with distinction. He won the sword of honour in NDA. Hilal is also the recipient of Vayu Sena Medal and Vishisht Seva medal.

With an impeccable record of 3,000 accident-free flying hours on mirage-2000, MIG-21 and Kiran aircraft, Hilal's name will now forever be associated with Rafale in India.

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coastaldigest.com news network
June 25,2020

Thiruvananthapuram, Jun 25: The government of Kerala under the leadership of Chief Minister Pinarayi Vijayan is all set to launch the 'Kerala Dialogue' -- a debate series on new concepts and development models during the COVID-19 pandemic.

A series of visionaries including noted political thinker Noam Chomsky and Nobel-laureate economist Amartya Sen will join this unique initiative that is to be rolled out from Friday.

The debate series to be inaugurated by the CM will feature prominent personalities from various walks of life including scientists, philosophers, diplomats, economists, writers, journalists, activists, technocrats and people's representatives.

The first episode will have Chomsky, Sen and WHO Chief Scientist Dr Soumya Swaminathan speaking on 'Kerala - Future Paths of Development'. 

State Planning Board vice chairman VK Ramachandran and senior journalist N Ram would be the moderators. The first episode would be telecast through the Chief Minister's official social media accounts.

The coming episodes in the series will also be telecast in the same manner. The government is of the view that the Kerala Dialogue series can ensure debates and dialogues on sustainable and inclusive development on the lines of the Kerala model.

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Lau Kin Chi
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Friday, 26 Jun 2020

I am from Global University for Sustainability, with its executive team based in Hong Kong 

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