2 Indian-origin achievers in Fortune's '40 Under 40' list

Agencies
October 8, 2019

New York, Oct 8: Two Indian-origin persons have been named by American magazine Fortune in its annual list of 40 most influential and inspiring young people in business under the age of 40.

Intel's Vice President of artificial intelligence software and the AI lab Arjun Bansal and fashion platform Zilingo CEO and co-founder Ankiti Bose make it to Fortune's 2019 '40 Under 40' list, the annual selection of the most influential young people in the business.

Bansal, 35, as vice president of artificial intelligence software and research at semiconductor giant Intel, has a lot on his plate, the magazine said.

Bansal's team of nearly 100 workers, scattered throughout the US, Israel and Poland work on AI technologies like reinforcement learning and natural-language processing, all intended to help keep Intel's silicon chips working swimmingly with the latest AI software, it said.

One of Intel's key AI projects involve specialised computer chips developed by Nervana, the startup co-founded by Bansal and acquired by the chip giant in 2016 in a deal reportedly worth over USD 350 million, the report said.

Bose, 27, launched the four-year-old Singapore-based startup after visiting Bangkok's Chatuchak market and realising its merchants had no easy way to sell their goods online, Fortune said.

"What started as an aggregator of small fashion retailers has since expanded into business-to-business offerings, such as supply-chain tools, and has tapped into Southeast Asia's booming Internet connectivity and smartphone adoption," it said.

The company's latest round of funding in February — led by Sequoia Capital and Temasek Holdings and raising USD 226 million — valued the firm with 600 employees across eight countries at USD 970 million, putting it within a rounding error of unicornship.

"Just 10 per cent of the world's venture capital-backed startups worth USD 1 billion had a female founder as of last year. Bose…is set to join that too-exclusive club," the publication said.

Also on the list is Voice user interface designer at Amazon Alison Atwell, 31, who is in charge of "training" Alexa, Amazon's cloud-based voice service, and teaching her new skills, and 37-year old US Presidential candidate Pete Buttigieg. 

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News Network
March 13,2020

Bhopal, Mar 13: The Madhya Pradesh Economic Offences Wing (EOW) on Thursday decided to verify facts afresh in a complaint against former Union Minister Jyotiraditya Scindia and his family, in which they are accused of falsifying a property document while selling land.

The development came after Mr Scindia quit the Congress and joined the BJP on Wednesday. 22 MLAs who belong to his camp also resigned, threatening the survival of the Kamal Nath government in the state.

"Yes, an order has been given for re-verification of facts in the complaint filed by Surendra Shrivastava," an Economic Offences Wing official told PTI.

An EOW release said Mr Shrivastava on Thursday filed a new complaint against Mr Scindia and his family, alleging that by falsifying a registry document, they sold him a piece of land at Mahalgaon which was smaller by 6,000 sq feet than the original agreement in 2009.

He had lodged the complaint first on March 26, 2014. But it was investigated and closed in 2018, the EOW official said. "As he again petitioned us today, we will re-verify the facts," the officer said.

Jyotiraditya Scindia's close aide Pankaj Chaturvedi alleged that it was political vendetta.

"The case had been closed for want of evidence. Now for vengeance, it is being reopened. We have full faith in the Constitution and law. We will get justice and Kamal Nath government a befitting reply," Mr Chaturvedi said.

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News Network
June 20,2020

New Delhi, Jun 20: The government-imposed upper and lower limits on airfares may be extended beyond August 24 depending upon how the situation turns out, Aviation Secretary P S Kharola said on Saturday.

The government resumed domestic passenger flights from May 25 after nearly two months of suspension to combat the coronavirus outbreak, but placed lower and upper limits on airfares depending upon the flight duration.

It had said on May 21 that these limits would be in place for a period of three months.

"Depending on how the situation turns out, the fare band may have to adjusted beyond that (August 24) also. But right now, it is only for three months," Kharola said at a press conference here.

International passenger flights continue to remain suspended in the country.

However, the government started Vande Bharat Mission on May 6 to help stranded people reach their destinations through special flights.

Aviation Minister Hardeep Singh Puri said at the conference that during phase 3 and phase 4 of the mission, private domestic airlines have been approved to operate 750 international flights to repatriate people stranded amid the coronavirus pandemic.

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Agencies
May 26,2020

UN, May 26: Countries could see a "second peak" of coronavirus cases during the first wave of the pandemic if lockdown restrictions were lifted too soon, the World Health Organization (WHO) has warned.

Mike Ryan, the WHO's head of emergencies, told a briefing on Monday that the world was "right in the middle of the first wave", the BBC reported.

He said because the disease was "still on the way up", countries need to be aware that "the disease can jump up at any time".

"We cannot make assumptions that just because the disease is on the way down now that it's going to keep going down," Ryan said.

There would be a number of months to prepare for a second peak, he added.

The stark warning comes as countries around the world start to gradually ease lockdown restrictions, allowing shops to reopen and larger groups of people to gather.

Experts have said that without a vaccine to give people immunity, infections could increase again when social-distancing measures are relaxed.

Ryan said countries where cases are declining should be using this time to develop effective trace-and-test regimes to "ensure that we continue on a downwards trajectory and we don't have an immediate second peak".

Also on Monday, Tedros Adhanom Ghebreyesus, WHO Director-General, said that a clinical trial of hydroxychloroquine (HCQ) on COVID-19 patients has come to "a temporary pause", while the safety data of the the anti-malaria drug was being reviewed.

According to the WHO chief, The Lancet medical journal on May 22 had published an observational study on HCQ and chloroquine and its effects on COVID-19 patients that have been hospitalized, reports Xinhua news agency.

The authors of the study reported that among patients receiving the drug, when used alone or with a macrolide, they estimated a higher mortality rate.

"The Executive Group of the Solidarity Trial, representing 10 of the participating countries, met on Saturday (May 23) and has agreed to review a comprehensive analysis and critical appraisal of all evidence available globally," Tedros said in a virtual press conference.

The developments come as the total number of global COVID-19 cases has increased to 5,508,904, with 346,508 deaths, according to the Johns Hopkins University.

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