Indian-origin woman sells home for 2 pounds

January 31, 2017

London, Jan 31: A 43-year-old Indian-origin teacher in the UK has sold her home, which has a market value of 250,000 pounds, for a token of mere 2 pounds to ensure that she cannot be evicted from the property.

rekha

Rekha Patel has been locked in a feud with her neighbour over some building work dating back six years on the home. She spent 200,000 pounds buying the dilapidated two-bedroom cottage in 2010 in Simmondley village in Glossop and turning it into her dream home.

A court order had directed that the home be sold to recover legal fees and costs of around 76,000 pounds.

"I realised I will have more rights as a tenant than the owner so I decided to sever all legal ties with the house in order to live in peace in my own home," she said.

She sold the home, built in the early 18th century, to two private companies recently and has signed a 10-year tenancy agreement with them to carry on living in the property for a monthly rent of 50 pounds.

"I had tried everything possible and had no other choice. There are proper agreements in place with the two private companies and these are people I trust. The people of this village have been absolutely lovely. Many have taken days off work to come out and support me," she said.

Patel, who was born in the UK to an Indian family from Navsari in Gujarat, got embroiled in a dispute with her next door neighbour over some roof stones that got damaged during renovation work on the two-bedroom house, which has a market value of 250,000 pounds.

The dispute landed in court, which ordered Patel to pay damages and legal costs to her neighbour. While she paid part of the amount, Patel disputes the remaining bill imposed on her.

She was evicted from her home in June last year over non-payment but re-entered a month later and has since been fighting against a court order for her home to be sold. She applied for the legal bill to be quashed by Manchester County Court last week.

"I feel the justice system needs to be fairer and accessible to everyone. I want to now put this entire matter behind me and move on. I want to travel to India and try and work on a book that would help educate others who get caught in a similar situation of being scared out of their own homes," said the maths teacher, who works at Glossopdale Community College in Glossop.

"Forgiveness is the way forward. It is between her and her conscience, she knows what she did was not right," she said, in reference to her neighbour.

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Agencies
February 17,2020

Google on Monday announced it is gradually winding down its free public Wi-Fi Station programme currently available at over 400 railway stations in India, and will work with the Indian Railways and Railtel Corporation to help them with existing sites so they can remain useful resources for people.

Google launched its Station initiative in India in 2015 to bring fast, free public Wi-Fi to over 400 of the busiest railway stations in the country by mid-2020.

"We crossed that number by June 2018 and implemented Station in thousands of other locations around the country in partnership with telecommunications companies, ISPs and local authorities," Caesar Sengupta, Vice President, Payments and Next Billion Users, Google, said in a statement.

"Over time, partners in other countries asked for Station too and we responded accordingly. We're grateful for these partnerships, especially with the Indian Railways and the Government of India, that helped us serve millions of users over the last few years," he added.

According to Google, the decision to shut Station has been taken keeping the affordable mobile data plans and mobile connectivity in mind that is improving globally including in India.

"India, specifically now has among the cheapest mobile data per GB in the world, with mobile data prices having reduced by 95 per cent in the last 5 years, as per TRAI in 2019," said Sengupta.

The Indian users consume close to 10GB of data, each month, on average, according to reports.

"Our commitment to supporting the next billion users remains stronger than ever, from continuing our efforts to make the internet work for more people and building more relevant and helpful apps and services," Sengupta noted.

Global networking giant Cisco last year teamed up with Google to roll out free, high-speed public Wi-Fi access globally, starting with India.

The first pilot under the partnership was rolled out at 35 locations in Bengaluru.

Sengupta said that in addition to the changed context, the challenge of varying technical requirements and infrastructure among our partners across countries has also made it difficult for Station to scale and be sustainable, especially for our partners.

"And when we evaluate where we can truly make an impact in the future, we see greater need and bigger opportunities in building products and features tailored to work better for the next billion user markets," he said.

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Agencies
July 9,2020

Twitter has hinted that it is planning a paid subscription platform that can be reused by other teams in the future.

The news that the micro-blogging platform is building a subscription platform with a team codenamed "Gryphon" resulted in Twitter stock rising over 8% on Wednesday.

Twitter revealed its plan via a job listing that seeks a full-stack senior software engineer in New York to join "Gryphon".

Interestingly, Twitter "edited" the job listing once the news broke, removing the part about "Gryphon" and any mention of their internal team or their subscription feature. The listing said the company is looking for an Android engineer to "work on a bevy of backend engineering teams to build components that allow for experimentation to deliver the best experience possible to all of our users".

Later, Twitter users noticed that the company restored the earlier job listing that mentioned the upcoming subscription platform and "Gryphon".

A spokesperson for Twitter told CNN on Wednesday that it's only a job posting, not a product announcement.

This is not the first time Twitter has thought of a paid product. 

In 2017, it sent out a survey to users and a preview of what a premium offering of its TweetDeck app might look like, including breaking news alerts and more analytics, according to The Verge.

"We're conducting this survey to assess the interest in a new, more enhanced version of Tweetdeck. We regularly conduct user research to gather feedback about people's Twitter experience and to better inform our product investment decisions, and we're exploring several ways to make TweetDeck even more valuable for professionals," a Twitter spokesperson had said at that time.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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