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IBM to acquire Red Hat for $34 bn

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San Francisco Sending a strong signal towards dominating the emerging $1 trillion Hybrid Cloud market, tech major IBM has announced to acquire Open Source Solutions leader Red Hat for a massive $34 billion.

The acquisition, IBM’s biggest so far, will provide open approach to Cloud, featuring unprecedented security and portability across multiple clouds, a joint statement said late Sunday.

The deal, once goes through, will make IBM top Hybrid Cloud provider in an emerging $1 trillion growth market.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer.

“IBM will become the world’s top hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses,” she added.

Red Hat will operate as a distinct unit within IBM’s Hybrid Cloud team.

IBM will acquire all of the issued and outstanding common shares of Red Hat for $190 per share in cash, representing a total enterprise value of approximately $34 billion.

Most companies today are only 20 per cent along their cloud journey, renting compute power to cut costs.

“The next 80 per cent is about unlocking real business value and driving growth. This is the next chapter of the Cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimising every part of the business, from supply chains to sales,a informed Rometty.

IBM and Red Hat will be positioned to accelerate Hybrid multi-cloud adoption.

“Open source is the default choice for modern IT solutions, and I’m incredibly proud of the role Red Hat has played in making that a reality in the enterprise,” said Jim Whitehurst, President and CEO, Red Hat.

“Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience,” he added.

IBM’s and Red Hat’s partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers.

These innovations have become core technologies within IBM’s $19 billion Hybrid Cloud business.

IBM and Red Hat will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud.

“IBM is committed to being an authentic multi-cloud provider, and we will prioritise the use of Red Hat technology across multiple clouds” said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud.

The Red Hat acquisition by IBM is the third-biggest in the history of US technology.

The biggest acquisition was the $67 billion merger between Dell and EMC in 2016 and JDS Uniphase’s $41 billion acquisition of optical-component firm SDL in 2000.

Last week, Microsoft closed a $7.5 billion acquisition of the code hosting and collaboration company GitHub.

(IANS)

Equity indices trade flat; banking stocks rise

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Mumbai Healthy buying in interest rate sensitive stocks and healthcare sector buoyed the key domestic equity indices to trade on a flat-to-positive note during Monday’s morning trade session.

However, broadly negative Asian stock markets dented investors’ sentiments.

Index-wise, the Sensex opened at 33,549.88 points from its previous close of 33,349.31 points.

Around 9.30 a.m., it traded at 33,370.57 points, up by a little over 21 points or 0.06 per cent.

Similarly, the Nifty50 of the National Stock Exchange (NSE) made marginal gains.

The NSE Nifty50 traded at 10,070.90 points during the morning trade session, up 40.90 points and 0.41 per cent.

(IANS)

Indonesian plane crashes off Jakarta

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Jakarta A Lion Air Boeing 737 passenger plane came down crashing minutes after taking off from here on Monday, said Indonesian officials.

“It has been confirmed that it has crashed,” Yusuf Latif, a spokesman for the national search and rescue agency told the media.

The scheduled Flight JT-610 was headed to Pangkal Pinang, the main city in the Bangka Belitung Islands from the Indonesian capital.

It lost contact with ground control a few minutes after take-off, as it was crossing the sea, the BBC reported.

At 6.45 a.m. a vessel traffic service officer, Suyadi, received a report from a tugboat, AS Jaya II, that the crew had seen the debris of a plane, The Jakarta Post reported

They suspected it to be the Lion Air flight floating near Tanjung Bungin in Karawang in West Java.

“At 7.15 a.m. the tugboat reported it had approached the site and the crew saw the debris of a plane,” Suyadi said. As of 9 a.m. there was no report about the passengers or the plane crew on board, he said.

Two other ships, a tanker and a cargo ship, near the location were approaching the site, Suyadi said, and a Basarnas rescue boat was also on its way.

Information gathered by the Jakarta Post said that the plane, Lion Air 610, took off from Jakarta at 6.20 a.m. and contact was lost at 6.33 a.m.

It was not immediately clear how many people were on board the plane, a Lion Air official earlier told the BBC, and added that the company did not yet know what had happened to the plane.

The aircraft was reported to be a Boeing 737 MAX 8, a model only in use since 2016.

(IANS)

Quake hits Japanese island

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Tokyo A 5.4-magnitude quake hit off Japan’s Torishima island on Monday, the Met office said. No tsunami warning was issued.

The tremors were felt at 10.28 a.m. at a depth of 110 km, Xinhua quoted the Japan Meteorological Agency (JMA) as saying.

Surrounding southern islands felt the jolt which measured 2 on Japan’s seismic scale. It was also felt at some places on the eastern seaboard.

No reports of accidents or injuries to persons or property, including vessels in the vicinity have been reported due to the quake, the JMA said.

(IANS)

Death toll in China mine accident rises to 19

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Jinan The death toll from a rock burst at a coal mine in east China’s Shandong Province has risen to 19, as six more miners were confirmed dead, local authorities said on Monday.

Rescuers found one body Sunday morning and five more bodies Sunday night, the resue headquarters said, reports Xinhua news agency.

The accident occurred at Longyun Coal Mining Co. Ltd. in Yuncheng County on October 20. A total of 22 people were trapped in a 74-meter-long tunnel after coal fell at both ends from the rock burst. One has been rescued.

Rescuers have cleared 55 meters of the tunnel as of 6 a.m. on Monday and are working on the remaining 19 meters to search for the last two miners who remained trapped, the report said.

Rock burst accidents are often caused by fractures in rocks due to mining.

(IANS)

BJP sends state leaders to Ballari to counter Congress’ campaign

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The Ballari bye-election has turned into a major election battle with both the Congress and the BJP sending their strongmen to the district for campaigning.

The bye-election to the Lok Sabha seat from the Ballari Parliamentary constituency has turned into a major election battle with both the BJP and the Congress throwing their weight behind their nominated candidates.

The BJP stepped up campaigning for the Ballari bye-elections by bringing in state leaders Shobha Karandlaje, CT Ravi, V Somanna and Basavaraj Bommai to boost local strongman Sriramulu in his attempts to ensure a win for his sister J Shantha.

Senior Congress leaders, including DK Shivakumar, Krishna Byre Gowda, Priyank Kharge and former Chief Minister Siddaramaiah, have been campaigning in the district backing their candidate VS Ugrappa.

The BJP, meanwhile, brought in leaders like Shobha Karandlaje, V Somanna, and Basavaraj Bommai only this week.

For the Congress, Siddaramaiah held a rally in Hampasagara on Monday where he launched a stinging attack on Sriramulu, whom he had defeated in the Assembly elections earlier in the year.

Meanwhile, DK Shivakumar, district minister in-charge of Ballari, visited a jeans and trouser producing unit in Millerpet and undertook a door-to-door campaign seeking votes for Ugrappa.

“Every time there is a bye-election, the party assigns personnel to ensure victory. If there are 100 resources that can be utilised, then very well, we should use it. It is not only specific to Ballari,” said Social Welfare Minister Priyank Kharge.

BJP leader Shobha Karandlaje too began campaigning in the district after she addressed a meeting in Hosapete on Thursday while Sriramulu has been taking part in road shows and rallies in the district in a frenetic manner.

“The election is going to be much tighter than we expected. The Congress has brought in several leaders to Ballari and it was only Sriramulu campaigning until this week. Now, the BJP has also brought in leaders like Shobha Karandlaje to boost the campaign here,” an official working with Sriramulu told media.

The Congress campaign has been hampered by tension within its ranks between Shivakumar and the Jarkiholi brothers – Ramesh and Satish. The brothers refused to share stage with Shivakumar at a rally in Kudligi on Wednesday. However, Congress leaders tried to play the incident down.

“These days, people are reading too much between the lines. I don’t think there is any disagreement between them. They have different responsibilities and they are efficient enough to carry them out. If everybody is in the stage at the same time, who will do the other work?” Priyank Kharge told media.

As the Congress faces an uphill task wrest the election away from the BJP, which is banking on the strong grassroots presence of Sriramulu, the party will need Shivakumar and the Jarkiholi brothers on the same page.Sriramulu, who belongs to the Valmiki community, is a popular face in Ballari. The elections are taking after Sriramulu vacated his MP seat after he was elected as MLA of nearby Molakalmuru constituency.

He has previously been elected as the MP from Ballari and his closeness to mining baron and former BJP minister Janardhana Reddy is seen as a sign of power by residents of the district.

The Congress has responded to the challenge by bringing in several ministers to campaign in the district.

However, the fact that Ugrappa is an outsider will work against him and the Congress will have to find a way to convince voters that in spite of being an outsider, he represents a steady alternative to Shantha, whose campaign is being micromanaged by Sriramulu.

TNM

Congress Demanded that release the video of Manohar Parrikar’s, he is fit to govern

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The Congress on Friday demanded that the Bharatiya Janata Party-led coalition government in Goa prove that Chief Minister Manohar Parrikar, who is suffering from a pancreatic ailment for nearly eight months and has not been seen in public since October 14, is fit to govern.

Addressing a press conference at the Congress state headquarters in Panaji on Friday, party spokesperson Jitendra Deshprabhu said the Opposition party would have to approach the Court to seek directions to the government to issue a medical bulletin specifying the health of the former Defence Minister.

“At least they should release a video showing that the Chief Minister is walking, speaking and working. There is no bulletin or any doctor speaking on his health condition,” Deshprabhu said.

Parrikar has been in and out of hospitals in Goa, Mumbai, New York and Delhi. His absence has created a political leadership vacuum in Goa, even as the Opposition has demanded that he step aside to focus on his treatment.

“We request the BJP president not to misguide people. The fact should be known to the people of Goa,” Deshprabhu said.

 

IANS

Salman Khan’s blackbuck poaching case hearing adjourn on December 18

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Hearing on two appeals pertaining to two poaching cases against Bollywood actor Salman Khan were deferred to December 18 by a sessions court here on Friday due to lack of time.

“There are two appeals pending in the sessions court — one each by the government against acquittal of Khan in the Arms Act case and one by Khan himself challenging the conviction in a poaching case,” said Khan’s counsel Mahesh Bora.

Both were deferred due to “unavailability of enough time with the court”.

Before this, hearing on the two applications moved by prosecution against Khan was also deferred till November 29.

One of these applications was moved by the prosecution alleging that Khan had misled the court to obtain exemption from appearance in the court on the ground of a physical problem, while the other application had alleged that Khan had given false information about his arms through an affidavit.

Khan was sentenced to 5 years by the trial court, convicting him in a case under Wildlife Protection Act for killing two blackbucks in Kankani of Jodhpur in 1998.

IANS

Suspicious package sent to Indian-origin Senator Kamala Harris

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Two new suspicious packages targeting Indian-origin Senator Kamala Harris and billionaire political activist Tom Steyer — both Democrats — have been recovered even as federal officials arrested a Florida man accused of sending pipe bombs to critics of President Donald Trump.

These packages put the total number of devices found in the US by law enforcement officials to 14. None have detonated, but all have pushed officials onto high alert as they worry about additional devices being delivered.

Law enforcement authorities on Friday rushed to investigate one package addressed to Harris, the first Indian-American to serve in the Senate, that was discovered by a postal employee in Sacramento.

Harris, a potential contender in the 2020 presidential race, has been a vocal critic of Trump like the others who have been targeted earlier this week.

Another package was addressed to Steyer, a major Democratic donor, and was found at a post office in Burlingame, the Los Angeles Times reported.

“Our office was informed that a suspicious package was addressed to the senator similar to those that have been sent to other elected officials,” Harris’ spokeswoman Lily Adams said.

Sacramento County sheriff’s officials said the Harris package contained a legitimate explosive device, similar to those sent earlier in the week to high-profile political targets. The FBI later said its bomb technicians rendered the package safe.

Investigators also were examining another package addressed to Steyer, who has previously advocated Trump’s impeachment.

On Friday, Florida man Cesar Altieri Sayoc was detained in connection with the spate of suspicious, potentially explosive devices sent to prominent critics of Trump earlier this week.

Trump said that the suspect would face “swift and certain justice”, while urging Americans to “unify” against these “despicable” acts.

The arrest came after 12 people received suspicious packages containing suspected explosives in the last few days, including former President Barack Obama and former Secretary of State Hillary Clinton.

The other two packages, intercepted on Friday in Florida and New York, were addressed to Democratic Senator Cory Booker and to former National Intelligence Director James Clapper.

The discovery of suspicious packages containing suspected explosives began on Monday, when billionaire philanthropist George Soros, a known Democratic donor, received one at his home in the state of New York.

The episode comes less than two weeks ahead of the November 6 mid-term congressional elections.

Delhi chokes, records most toxic air-quality of month

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The air quality of the national capital and regions around it dropped severely, with Friday recording worse pollution than what it was a day after Dussehera.

The Air Qaulity Index (AQI) of Delhi was recorded was 361, against 331 on Thursday and 326 a day after Dussehera, all recorded “very-poor”, according to the Central Pollution Control Board (CPCB).

With more regions now suffering a “severe or severe-plus” air-quality, the top four most polluted regions in Delhi included Jahangirpuri in north Delhi (AQI 464) and Mundaka in west-Delhi (AQI 444), Dwarka sub-city in south-Delhi (AQI 436), Anand Vihar in east-Delhi (AQI 415) — all marked “severe”.

PM2.5 and PM10 or particles with diameter less than 2.5mm and 10mm, remained the major pollutant throughout the region, due to local factors such as vehicles, industries and dust and stubble burning in Punjab and Haryana.

The average concentration of PM2.5 and PM10 across 36 region of Delhi was 207 and 405 microgrammes per cubic meters respectively, at 6 pm. A day after Dussehera, when pollution was recorded the highest last time due to Ravana effigy burning and festival rush, the average concentration of PM2.5 and PM10 at 6 pm was 181 and 388 units.

Across 48 regions in NCR on Friday, the PM2.5 and PM10 concentration was 198 and 384 units, while on Dussehera, concentrations across NCR were 181 and 388 units.

“The winds are mostly calm and directions are indefinite around Delhi due to two different western disturbances. Due to this the pollutants are not dispersing,” said Mahesh Palawat, director private weather forecasting agency Skymet.

According to Central Pollution Control Board (CPCB), the situation is not set to change any sooner, while it may only get worse towards Diwali.

“There were north-westerly winds for sometime towards afternoon on Friday, apart from that the fire at landfill site at Bhalaswa which was only doused yesterday evening, may have their effect over Delhi’s air,” Shambhavi Shukla, researcher at CSE told IANS.

IANS

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