Indra Nooyi inducted into US' National Portrait Gallery

News Network
November 18, 2019

Washington, Nov 18: Indian American and former Pepsico head Indra Nooyi was on Sunday inducted into the prestigious Smithsonian’s National Portrait Gallery along with Amazon CEO Jeff Bezos in recognition of their accomplishments, impacting America’s shared history, development and culture.

“To be an immigrant, a South Asian immigrant of colour, a woman to be included in the Portrait Gallery... it really says that we are the country where people look for the people who make a positive impact and celebrate them.

"It doesn't matter what your background, colour, creed, ethnicity is. As long as you've made a positive impact to the country, we are going to celebrate you -- actually memorialise -- which I thought was even more spectacular,” Nooyi told reporters during the portrait gallery induction ceremony.

“So, I feel very grateful to be making a home here in this country because this portrait gallery is an accolade which I've never dreamed of. And it's heartwarming to see this,” Nooyi said in response to a question.

Among others included in the portrait gallery were Frances Arnold, Lin-Manuel Miranda, and Earth, Wind and Fire.

The portrait of Nooyi, 64, has been drawn by artist Jon Friedman, who, she said, has done a "great job".

“The way John Friedman painted is... he wanted to bring the inner me out in the portrait. So he took hundreds of pictures, then he picked one and drew from that,” she said.

The portrait looks like a photograph, but, Nooyi said, she watched him paint it as she saw it in different stages.

“I watched every hair being painted and so he did a great job,” she said.

“I think the big difference in my portrait is that they asked me a question, what's meaningful for you -- a picture of my parents, picture of my husband and kids, a picture of a PepsiCo annual report or a Yale (University) hat. All these are major factors in my life. So, it's in a way an unusual portrait because I have all that behind me, which most portraits don't have,” Nooyi said.

Nooyi said when she received a letter in this regard last year, she thought this was a joke and asked her PR department to take care of this job.

“They came back and said no, it's not a joke, it’s for real,” she said, adding she came down to the Portrait Gallery thereafter to see for herself and realised that portraits here are chosen to tell the story about the history of the country -- not just for the people here today, but for generations to come.

Kim Sajet, director of National Portrait Gallery, inducted Nooyi into the portrait gallery, recognizing her accomplishments as a businesswoman and also as an immigrant.

“Indra has run a Fortune 500 company,” she said on the sidelines of the National Portrait Gallery’s gala that was being attended by several celebrities including former First Lady Michelle Obama and former Secretary of State Hillary Clinton.

The sold-out gala raised about USD 2 million.

According to The Washington Post, the gallery has about 23,000 portraits in its permanent collection and adds 150 to 200 per year with 500 to 600 works on public display at any given time.

“Historians consider new names and then work with gallery board members to select who should be included and commission their portraits. The process can take a year, even more if the sitter and artist take a long time to complete a work,” the daily reported.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
July 18,2020

New Delhi, Jul 18: With 34,884 people testing positive for coronavirus in the last 24 hours, India's Covid-19 caseload surged to 10,38,716 while 6,53,750 patients have recovered from the disease so far, according to data by the Union Health Ministry.

The death toll due to Covid-19 rose to 26,273 with 671 fatalities reported in a day, the data updated at 8 am on Saturday showed.

At present, there are 3,58,692 active cases in the country, while 6,53,750 people have recovered so far and one has migrated.

"Around 62.94 per cent of patients have recovered so far," an official said.

The total number of confirmed cases includes foreigners.

This is the third consecutive day when the number of Covid-19 cases increased by more than 30,000.

According to the Indian Council of Medical Research (ICMR), a cumulative total of 1,34,33,742 samples have been tested for COVID-19 up to July 17 with 3,61,024 samples being tested on Friday.

Of the 671 deaths reported in the last 24 hours, 258 are from Maharashtra, 115 from Karnataka, 79 from Tamil Nadu, 42 from Andhra Pradesh, 38 from Uttar Pradesh, 26 each from West Bengal and Delhi, 17 from Gujarat, nine each from Jammu and Kashmir and Punjab, and eight each from Madhya Pradesh and Rajasthan.

Telangana has reported seven fatalities followed by Haryana with five deaths, Jharkhand, Bihar and Odisha reported four each, Assam and Puducherry have registered three each, Chhattisgarh and Goa reported two each while Kerala and Uttarakhand have registered a fatality each.

Of the total 26,273 deaths reported so far, Maharashtra accounted for the highest 11,452 fatalities followed by Delhi with 3,571 deaths, Tamil Nadu 2,315, Gujarat 2,106, Karnataka 1,147, Uttar Pradesh 1,084, West Bengal 1,049, Madhya Pradesh 697 and Rajasthan 546.

So far 534 people have died of COVID-19 in Andhra Pradesh, 403 in Telangana, 327 in Haryana, 239 in Punjab, 231 in Jammu and Kashmir, 201 in Bihar, 83 in Odisha, 51 in Uttarakhand and Assam each, 46 in Jharkhand and 38 in Kerala.

Puducherry has registered 25 deaths, Chhattisgarh 23, Goa 21, Himachal Pradesh and Chandigarh 11 each, Arunachal Pradesh and Tripura three each, Meghalaya and Dadra and Nagar Haveli and Daman and Diu two each while Ladakh has reported one fatality.

The Health Ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.

Maharashtra has reported the highest number of cases at 2,92,589 followed by Tamil Nadu at 1,60,907, Delhi at 1,20,107, Karnataka at 55,115, Gujarat at 46,430, Uttar Pradesh at 45,163 and Telangana at 42,496.

The number of Covid-19 cases has gone up to 40,646 in Andhra Pradesh, 38,011 in West Bengal, 27,789 in Rajasthan, 24,797 in Haryana, 23,589 in Bihar and 21,081 in Madhya Pradesh.

Assam has instances of 20,646 infections, Odisha 16,110 and Jammu and Kashmir 12,757 cases. Kerala has reported 11,066 novel coronavirus infections so far, while Punjab has 9,442 cases.

A total of 4,964 have been infected by the virus in Chhattisgarh, 4,921 in Jharkhand, 4,102 in Uttarakhand, 3,304 in Goa, 2,366 in Tripura, 1,832 in Puducherry, 1,800 in Manipur, 1,417 in Himachal Pradesh and 1,151 in Ladakh.

Nagaland has recorded 956 Covid-19 cases, Chandigarh 660, Arunachal Pradesh 609 and Dadra and Nagar Haveli and Daman and Diu together have reported 585 cases.

Meghalaya has reported 403 cases, Mizoram 282, Sikkim has registered 266 infections so far, while Andaman and Nicobar Islands has recorded 194 cases.

"Our figures are being reconciled with the ICMR," the ministry said, adding that 163 cases are being reassigned to states.

State-wise distribution is subject to further verification and reconciliation, it added.

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News Network
March 18,2020

Dubai, Mar 18: Emirates, one of the world's biggest international airlines, has asked pilots to take unpaid leave to help it mitigate the impact of the coronavirus pandemic that has shattered demand for global travel.

"To this end you are strongly encouraged to make use of this opportunity to volunteer for additional paid and unpaid leave," the airline said in an internal email to pilots, seen by Reuters.

Emirates earlier this month asked some staff to take unpaid leave, although at that time it was not available to pilots.

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