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TiE Mumbai’s SmashUp 7.0 a grand success

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Mumbai: SmashUp, one of the flagship events of TiE Mumbai was held at ISDI ACE, Lower Parel over the weekend. In the last 7 years, SmashUp has brought together new and aspiring entrepreneurs to exchange ideas and boost peer learning from successful entrepreneurs. SmashUp is a platform where ideas mature into action plans inspired by stories of successful as well as not so successful strategies.

The main highlight of the conference was Smasher Award – a Spot funding platform created by TiE Charter Members, wherein six shortlisted startups pitched for a grand prize of $40K (~ INR 25 Lakhs). Each StartUp was given 15 mins with the investors (5 mins to pitch, 5 mins Q&A and 5 mins to discuss the details of funding). This year, the Smasher Award was bagged by a startup called IPHawk. It was funded by Sanjay Mehta, Dewang Nerella and other TiE Angels. The group of angel investors will become mentors and open doors for the StartUp rather than just passive investors.

Founders of Purple Squirrel, TinyOwl – Saurabh Goyal, Taskbob – Assem Khare, Zimmber – Anubhav Goel participated in a session called ‘StartUp Tales: Starting the 2nd Innings’ where they narrated their struggles, challenges in starting a venture, guide to raising the first million, surviving the first year after fund raising and finally the process of shutting down. Situations related to investors, staff relations and reasons for calling it quits which have never been spoken in open forums were discussed by these daredevil founders.

Commenting on the grand success of SmashUp 7.0, Mr. Anand Desai, President, TiE Mumbai said “Over the years SmashUp has established itself as a platform where entrepreneurs get access to and direction from those who have walked the path. This year too, SmashUp is successful in meeting expectations of the startup ecosystem. TiE Mumbai’s mission is to foster entrepreneurship and we will continue to give new entrepreneurs access to the startup ecosystem.”

About TiE:

TiE is a non-profit, global community catalyzing entrepreneurship development, through five pillars of activity – mentoring, networking, education, incubating and funding. TiE was founded in 1992 by a group of successful entrepreneurs and is today the world’s largest organization in its space. The Mumbai chapter has recently forayed into angel funding, another helping hand to fledgling entrepreneurs, with a ticket size of Rs.25-50 lakh. A total of 20 such angel networks are active across the TiE platform. Other programmes like TiE Young Entrepreneurs (TYE) and Mentor Match are also accomplishing the TiE mission of guidance to the next generation of entrepreneurs.

“Take off Hindi from Namma Metro Sign Boards” Pro-Kannada activist

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Bengaluru: Bangaluru Metro Rail Corporation is facing heat on the usage use of Hindi signboards in the metro train service.

Pro-Kannada activists gearing up for a large-scale protest against the alleged imposition of Hindi have urged the government to come up with a clear-cut policy, without which confusion over the language issue will continue to disturb law and order.

BMRC officials say they are caught in a bind and cannot remove Hindi from signages without written instructions from the government.

The BMRC officials say that they are in a helpless situation when the Pro-Kannada activists rage against them on this. They are asking the State Government to make up its mind and be clear in their decision before the situation gets out of hand.

Activists of Karnataka Rakshana Vedike (KRV), which is spearheading the anti-Hindi campaign, had recently blackened signboards at Metro stations and staged a demonstration in front of the BMRC office.

(Agencies)

Karnataka Flag Row: “Why is BJP not reacting” asks Uddhav Thackerey

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Mumbai: Shiv Sena president Uddhav Thackeray criticised and questioned the silence of Bharatiya Janata Party (BJP)-led Union government for not taking a strict view of the Karnataka government’s demand for a separate flag.

The Sena said such a demand is an offence and sedition charges should be charged against them regarding this.

“States like Karnataka are demanding their own flags…leave the Congress, but what about the BJP,” Thackeray said in an interview to Marathi mouthpiece, Saamana, and its Marathi tabloid version, Dophar ka Samaana, on the eve of his 57th birthday on 27 July.

He later said “Let the central government dissolve the Siddaramaiah-led Congress government in Karnataka or stop all assistance to it. The Narendra Modi-led Central government will not take any tough steps in Karnataka because the BJP wants to win the upcoming assembly election there.”

“It is unfortunate that the BJP has not been able to reverse the special status to Jammu & Kashmir.” He added.

(Agencies)

Cyber Crime unearthed in Bengaluru

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Bengaluru: The Cyber Crime of CID along with Bengaluru police have arrested four engineering drop-outs for running an online scam.

The four have been found guilty of cheating people and luring bank customers with investment offers and withdraw money from their accounts using the details furnished.

The scam came into surface when Suresh Sakri, complained that two transactions of Rs 5,000 and Rs 2,000 were debited from his account fraudulently.

According to police, Kapil Dev Suman, his brother Sushil Kumar Suman, Sooraj Kumar, and Abila alias Bipl natives of Bokaro in Jharkhand have cheated many people. But many did not approach the police as the amount withdrawn from their account was low.

The police have recovered 460 SIM cards, 15 cellphones, laptops, hard disks, memory cards, data cards, and forged and original identity proof from them. The police have found details and credentials of more than 16,000 bank accounts in the seized database. One of the accused had around 600 domain names of various websites in his name.

The police said the accused would promise interest based on investment to lure innocent people through these websites. Those visiting the websites were directed to enter their banking credentials and the same were captured by the accused, which they used to transfer money from the victim’s accounts to theirs. The accused were using the money to fund their luxurious lifestyle.

(Agencies)

Madhubala to join the Bollywood brigade at Madame Tussauds

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Mumbai: Legendary actress Madhubala is the latest celebrity to join others at Madame Tussauds which is scheduled to open in Delhi later year.

The actress’ wax figure will be styled based on her iconic character Anarkali from the classic film ‘Mughal-E- Azam’.

Madhubala, one of the leading actresses from Hindi cinema’s golden era, appeared in classics like ‘Chalti Ka Naam Gaadi’, ‘Mr. & Mrs. ’55’, ‘Kala Paani’, and ‘Howrah Bridge’. During her brief lifetime, she became one of the highly regarded personalities in the industry.

“We are glad to have the figure of Madhubala at Madame Tussauds Delhi. She continues to rule the hearts of billions of fans in the nation. We are sure that her magnetic beauty will attract her fans to click a selfie and relive a special moment with her and be transported back to the golden era of cinema,” said Anshul Jain, general manager and director, Merlin Entertainments India.

Madhubala’s beauty was recognized globally when she was featured in one of the popular American Magazine’s – in 1952. To honour her, a commemorative postage stamp featuring Madhubala was issued in 2008.

“This would be the first figure from the classical world of Indian cinema to be displayed at the attraction. The figure will be styled from her most admired ‘Anarkali’ character from the movie Mughal-E-Azam. Guests to the attraction will be able to interact with the figure in the Bollywood zone which will bring to life the classic age of Indian cinema in a fun and interactive way,” read a press release from Madame Tussauds Delhi.

Madame Tussauds Delhi is an attraction known for the incredibly detailed portrayal of the fascinating world of glamour, sports, history, politics and history under one roof, through planned themed and interactive areas, by the skillful and innovative interpretation of renowned celebrities through wax figures. The visitors will be encouraged to interact with the life-like figures of the celebrities, which marks the uniqueness of the wax attraction.

(Agencies)

Seven killed in Mumbai building collapse

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Mumbai: At least seven persons were killed and many more trapped when a four-storey dilapidated residential building collapsed here on Tuesday morning, an official said.

Another 12 injured persons have been rescued from the rubble and efforts were on to extricate the others from under the debris of Sai Darshan building at Ghatkopar which crashed with a roar around 10.30 a.m.

Fourteen fire engines, rescue vans and ambulances besides teams of the state disaster management force were at the site, the BMC Disaster Control official said.

A fire brigade officer said 30-40 persons were still feared trapped and rescue operations were going on. This was this monsoon’s first major house crash.

The injured were rushed to hospitals. Unconfirmed reports put the deaths at 12.

Around 12 families lived in the building which also housed a private hospital on the ground floor. The building figured on the BMC’s list of “dangerous buildings”.

(IANS)

SC asks Sahara chief to deposit Rs 1,500 cr by Sept 7

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New Delhi: The Supreme Court today directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.

A three-judge bench headed by Justice Dipak Misra was informed by senior advocate Kapil Sibal, appearing for Roy, that the Sahara chief has deposited Rs 247 crore as against the promised amount of Rs 552.21 crore which was to be deposited in the refund account by July 15.

Sibal told the bench, also comprising Justices Ranjan Gogoi and A K Sikri, that the balance amount of Rs 305.21 crore out of the Rs 552.21 crore would be deposited by August 12.

The bench, however, said that Rs 1,500 crore which Roy would deposit by September seven would also include the balance amount of Rs 305.21 crore.
The apex court extended the parole granted to him earlier till October 10.

The bench asked the official liquidator of the Bombay High Court to proceed with the publication of sale notice with regard to auctioning of Sahara’s prime property at Aamby Valley.

The bench fixed the matter for further hearing on September 11.

On July 5, the apex court had noted that Roy had deposited Rs 710.22 crore in the SEBI-Sahara account, but had warned him that his cheque of Rs 552.21 crore must be realised within the July 15 deadline.

Roy had earlier told the court that he will pay Rs 1,500 crore on or before June 15 and Rs 552.22 crore exactly a month thereafter.

He has spent almost two years in jail and been on parole since May 6 last year. The parole was granted the first time to enable him attend the funeral of his mother. It has been extended since then.

Besides Roy, two other directors — Ravi Shankar Dubey and Ashok Roy Choudhary — were arrested for failure of the group’s two companies — Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) — to comply with the court’s August 31, 2012 order to return Rs 24,000 crore to their investors.

Another company director Vandana Bhargava was not taken into custody.

(PTI)

Vande Mataram now mandatory in all schools, universities, offices in TN

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Chennai: The Madras High Court on Tuesday ruled that the national song Vande Mataram will now have to be ‘played and sung’ in all educational establishments and offices across Tamil Nadu.

Stating that “Patriotism is an essential requirement for every citizen of this country,” the court ordered all schools, colleges, institutions and universities to play and sing the national anthem at least once a week, preferably on Monday or Friday, while all government offices, private companies, factories and industries must play or sing Vande Mataram at least once a month, reported news agency.

However, if in anyone has difficulty in singing the national song, “he/she shall not be compelled or forced provided there are valid reasons,” the court added.

A translated version of ‘Vande Matharam’ in Tamil and English will be uploaded by the Director of Public Information on government websites and social media.

In its order, the court said, “The fact that this country is our Motherland should always be remembered by every citizen of this country. Several people have sacrificed their lives and families to the independent struggle that prolonged for several decades. In these tough times, it was songs like our national song ‘Vande Matharam’ which created a sense of belief and confidence in the people.”

The Supreme Court is scheduled to hear a petition asking Centre to make the singing of Vande Mataram mandatory in schools on August 25.

Last year, to instill “committed patriotism and nationalism”, the Supreme Court ordered all movie theaters to play the National Anthem before the start of a film, with all present in the hall must stand up to pay respect.

In 2014, a radical outfit in Kerala had allegedly forced a private school to stop singing Vande Mataram during Independence Day celebrations, claiming it will hurt the religious sentiments of certain sections of students.

(Agencies)

Ram Nath Kovind sworn in as India’s 14th President

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New Delhi: Ram Nath Kovind was today sworn in as India’s 14th president, the first BJP leader and the second Dalit in the Rashtrapati Bhavan.

Kovind was administered the oath of office to “preserve, protect and defend the constitution and law” by Chief Justice of India J S Kehar in an impressive ceremony in the Central Hall of Parliament.

The 71-year-old took oath in Hindi to thunderous applause and thumping of desks by the gathering, including Vice President Hamid Ansari, Lok Sabha Speaker Sumitra Mahajan, Prime Minister Narendra Modi, outgoing President Pranab Mukherjee and former president Pratibha Patil.

Former prime ministers Manmohan Singh and H D Devegowda, UPA chairperson Sonia Gandhi, former Lok Sabha speaker Meira Kumar, former deputy prime minister L K Advani as well as Union ministers and foreign dignitaries were also present on the occasion.

After he took oath, Kovind was given a 21-gun salute to mark the assumption of office of the highest constitutional post in the country.

Once the oath taking was over, Kovind and Mukherjee exchanged seats on the dais after which the new president delivered his maiden speech as president.

Kovind was elected with 65 per cent of votes defeating Meira Kumar to occupy the top post.

The 71-year-old leader born in Kanpur, Uttar Pradesh, had also earned the support of the JD(U), which broke ranks with the “mahagathbandhan” because of his non-confrontational approach as governor of the state.

A commerce graduate, Kovind studied law at the Kanpur University, practised in the Delhi High Court and the Supreme Court. He was also the central government’s standing counsel in the apex court from 1980-93.

Kovind, who headed Dalit Morcha from 1998 to 2002, also led the All-India Koli Samaj.

Elected to the Rajya Sabha in April 1994 from Uttar Pradesh, he served two consecutive terms till March 2006.

Outgoing Mukherjee bows out of public life after a five- decade political career.

(Agencies)

Palestinian hospitals stretched with influx of wounded

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Israeli forces have injured more than 900 Palestinians since clashes over al-Aqsa Mosque compound erupted on July 14.

by Al Jazeera

More than 900 Palestinians have been injured in confrontations with Israeli forces in the last 10 days over the al-Aqsa Mosque compound, according to the Palestinian Red Crescent.

Palestinian hospitals, already overstretched, fear a large influx of injured if tensions, which erupted on July 14 after Israel closed the sensitive site in occupied East Jerusalem, continue.

They also highlighted that most of the injuries inflicted by the Israeli forces were from rubber-coated steel bullets.

International human rights groups have long condemned Israel’s use of such bullets.

The 39-year-old Mohammed Ismeal, currently being treated at Al Maqassid hospital in East Jerusalem, was apparently shot with a stun grenade in the head, which left him drifting in and out of consciousness.

“He wasn’t disabled. But now look at him. He can’t recognise anyone. It’s like he’s lost his memory,” Muataz Ismeal, the patient’s brother, told Al Jazeera.

Suleiman Turukman, the doctor in charge of Mohammed’s case, said he feared for his patient’s life.

“His condition was serious. He was about to die. He is now improving slowly. But is disoriented and cannot recognise his family due to the trauma.”

The clashes with the Israeli forces that started with the closure of the al-Aqsa Mosque compound have continued since its reopening as Israel introduced metal detectors as a security measure at the entrances of the site.

The Palestinians see the move an attempt by Israel to expand its control at the Muslim-administered compound.

On Sunday, Israel installed new security cameras at the site which also angered the protesters.

Hussein Da’na, a 76-year-old Palestinian, told Al Jazeera that he “rejects” the cameras because they disadvantage Palestinians further.

“These cameras are made to identify the faces of people who are barred from entering al-Aqsa Mosque,” Da’na said.

“We pray each morning here and the police assaults us. I intend to keep praying here until Israel removes all what is new,” he added, referring to the security measures.

Major General Yoav Mordechai, who heads the Israeli defence body for Palestinian civilian affairs, said Israel was open to alternatives to lower the tensions.

“The only thing we want is to ensure no one can enter with weapons again and carry out another attack,” he said. “We’re willing to examine alternatives to the metal detectors as long as the solution of alternative ensures the prevention of the next attack.”

However, the Mufti of Jerusalem, Sheikh Muhammad Hussein, told the Voice of Palestine he demands a complete return to procedures that were in place before the initial attack at the shrine.

In a statement on Sunday, the Islamic institutions in Jerusalem, of which he is a part, said they “affirm the categorical rejection of the electronic gates and all the measures of occupation”.

A top adviser to Palestinian President Mahmoud Abbas said a series of consultations are under way with various countries to try and lower tensions in Jerusalem.

Abbas’s diplomatic adviser, Majdi Khaldi, said the Palestinians are coordinating with Jordan, Saudi Arabia, Egypt, Morocco and others.

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