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You are here: Home / Archives for Business & Technology

In conversation with Minhaz Lokhandwala, CEO of Novosol Mobile Magic

March 17, 2015 by Shaheen Raaj

“Funpack Is India’s 1st Multimedia Mobile Magazine!!!” – Minhaz Lokhandwala

Minhaz Lokhandwala is the Founder & Chief Executive Officer in Novosol. Minhaz began Novosol in 2006 and is the Principal Shareholder of the company. Minhaz holds 2 decades of experience in Telco Business coupled with a strong vision, strategy & skills set. He has held senior operational business management & consulting roles at McKinsey, PBS & Hewlett Packard across US & South-East Asia. He has completed Bachelors in Physics & MBA (Marketing & Finance) from Rice University, USA in the year 1987. He also has Diploma in Project Management from IIM, Ahmadabad, India & also a Diploma in Structured Software Development & Architecture. Minhaz is a member of several prestigious associations such as IEEE; MENSA-San Francisco; Singapore Logistics Association; Project Management Institute (USA) & Singapore-India Association.

To set the ball rolling in your court, kindly give us an insight into the concept of Funpack?

Ok so let’s come straight to the point. Funpack featuring fresh & engaging content such as Latest Movie Trailers & Reviews, Off-beat Unique Content, Cricket & Football Updates, and much more in high-tech audio-visual format – Funpack entertains, informs & uplifts the viewers. In this uplifted context, the advertiser’s message & promotion is brought to the viewer’s attention.  With a reach of over 1 Crore Mobile Numbers, Multimedia Elements & Interactivity…….Funpack delivers superior exposure, impact & leads…….in short a unique & superior marketing ROI.

How & when did Funpack originate?

Funpack started in Malaysia 4 years back and with the support of all the Telcos it reached over million users,  25% of the population. On the advertising part, all major media companies such as Disney, Sony Pictures, Universal Music Group, 20th Century Fox, StarTV had used it to gain rapid & broad exposure of their new releases. In India, Funpack has been used by Red Chillies for ‘Happy New Year’ movie promotion. We believe that Funpack offers an unbeatable business case for the entertainment & media industry.

What are the subscribers’ charges & spam concerns?

Funpack is free to subscribers, we don’t charge from users; it is actually an ad supported service and a permission-based service, so no question of being a spam. Subscribers can stop the service anytime with an SMS.

And why the tagline ‘Fun On The Run’?

The Funpack subscribers get unique, interesting, happening & uplifting content, aimed to win a smile. Cricket, Football, Movies, Current Events, Public Service messages and more are presented to users with a twist & attitude. Since, Funpack is delivered straight into the mobile’s inbox, the subscribers can access this fun content anytime, anywhere and smile. Hence, the tagline ‘Fun On The Run’.

How is Funpack different from other digital advertising solutions?

Well, Funpack has many unique aspects: over 10 million reach, mgram tech, which delivers rich media content directly to the phone, Unique ‘Fun On The Run” Content, Interaction and Lead Generation, Superior visibility as compared to any other BTL platform and most importantly, a superior ROI.

With its potentially huge mobile reach, visibility, impact & interaction, Funpack will be a game changer in marketing. We are currently working to expand our reach to 25 million and there is no reason why Funpack cannot reach all Indian mobile users. Presently no other digital advertising service has these capabilities or possibilities.

What kind of campaigns would you suggest for Bollywood?

Well, ‘Win Free Tickets’ is very effective. The contests asking for ‘Slogans or Quiz Responses’ generate very high exposure & engagement, higher engagement greatly increases the likelihood that the subscribers will buy the products or tickets.

How does the advertiser track the campaign? Is there any reporting system?

Novosol believes in ‘Complete Transparency’ and Funpack provides an online reporting mechanism, which an advertiser can access by logging-in with their ids & passwords. Once logged in, the advertiser can view……..Daily summary of Funpack delivered with their Ads, Daily Summary of Funpacks retrieved & viewed with their Ads, Details of SMS Responses & Interactions (if enabled by advertisers). All these reports are backed by Telco Logs and viewable for audit.

Are there any other benefits to Bollywood?

There are many benefits, being a publisher we review movies, rate item songs, cover celebs, events & awards. Thus for added exposure, we can cover the Movie on Funpack and on our MoMoviez.com publication. We also offer banner ads on our various momags- mocricket.com, mofutbol.com,momoviez.com & mosportz.com, which provide an additional 12 million reach in India, Malaysia & Indonesia.

Lastly tell us about other Funpack advertisers?

Funpack has recently been launched in India, yet our list of advertisers includes Samsung, Dominos, Dabur, Red Chillies & Foresight Opticals.

Filed Under: Business & Technology Tagged With: Minhaz Lokhandwala, Novosol Mobile Magic

India tops in asking for content restrictions: Facebook

March 16, 2015 by Nasheman

facebook

New Delhi: Facebook blocked 5,832 pieces of content, including anti-religious matter and hate speeches, during July-December 2014 on orders of Indian government, the highest by any country on the social networking giant’s platform.

In its Global Government Requests Report for July to December 2014, the California-based firm said it has “restricted” 5,832 pieces of content.

“We restricted access in India to content reported primarily by law enforcement agencies and the India Computer Emergency Response Team within the Ministry of Communications and Information Technology, including anti-religious content and hate speech that could cause unrest and disharmony,” the social networking platform said.

Facebook’s report includes information on government requests it received for content removal and account data and national security requests under the US Foreign Intelligence Surveillance Act and through National Security Letters.

India is followed by Turkey at 3,624 number of pieces of restricted content, then Germany at 60, Russia (55) and Pakistan (54), the report stated.

Besides, India made 5,473 requests for data, mostly concerning criminal cases, to Facebook in July-December 2014.

According to Facebook, government officials sometimes make requests for data about people who use Facebook as part of official investigations. The vast majority of these requests relate to criminal cases like robberies or kidnappings. In many of these cases, government requests seek basic subscriber information such as name and length of service. Other requests have asked for IP address logs or actual account content, it added.

“Each and every request we receive is checked for legal sufficiency. We require officials to provide a detailed description of the legal and factual basis for their request, and we push back when we find legal deficiencies or overly broad or vague demands for information.

“Even where we determine that local law would compel disclosure, we frequently share only basic subscriber information,” Facebook said.

The requests covered 7,281 user accounts and Facebook provided “some data” on 44.69 per cent of the requests.

(PTI)

Filed Under: Business & Technology, India Tagged With: Facebook, India, Security

Apple debuts $17,000 watch, some waiting for killer app

March 10, 2015 by Nasheman

Apple CEO Tim Cook introduces the Apple Watch during an Apple event in San Francisco, California March 9, 2015.

Apple CEO Tim Cook introduces the Apple Watch during an Apple event in San Francisco, California March 9, 2015.

by Edwin Chan and Alexei Oreskovic, Reuters

San Francisco: Apple Inc (AAPL.O) launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook’s first product would be a breakaway hit.

Apple’s first new device since Cook became CEO will be available for order on April 10 and in stores on April 24, including chic boutiques in Paris, London and Tokyo.

In a nod to both fashion and technology, Cook shared the stage with model Christy Turlington Burns, who used it to train for a marathon, and Apple engineers who showed how to send drawings, pictures and even heartbeats with the watch.

Apple shares barely budged, however. Investors and analysts agreed that Apple would sell millions to fans but questioned whether it had a “killer app” that would engage a broader audience. Apple in September gave a sneak peek of the watch which included many features shown on Monday.

“I think there’s a niche market for these kind of Apple tech people who love Apple and will buy anything they come out with. But I just don’t know if it’s going to be the power product that everyone’s looking for,” said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia, who described Wall Street as “scratching its head”.

Members of the style establishment, in Paris for shows from the glittering likes of Chanel, Givenchy and Hermes mostly said they saw the watch as a gadget, not this season’s must-have accessory.

The Edition price tag which is inexpensive compared with a Patek Philippe Nautilus at just over $42,000 on 11main.com, inspired plenty of jibes on social media, including many who questioned whether it would become outdated and compared the price to a car’s. “Wonder what kind of gas mileage it gets,” asked Twitter user Christopher Caruso.

Nevertheless many made clear they wanted it. “My birthday is gonna rock this year… 🙂 #applewatch,” wrote Jay Runquist.

The Apple Watch sport will start at $349 for the smaller, 38-mm model. The standard version of the watch will start at $549 and the high-end “Edition” watch will be priced from $10,000, said Cook, who loved the Dick Tracy ability to hold phone calls by watch.

“I have been wanting to do this since I was five years old,” said Cook.

The different models reflect different materials. A $17,000 Edition in the smaller, 38-mm size, has a case made from a customized version of 18-karat rose GOLD, which is especially hard, along with a sapphire display. It comes with a magnetic charging case.

A $349 Sport model the same size has an aluminum case, a ‘sport band’ and a magnetic charging cable, and no case.

All the watches share digital faces that can look like traditional time pieces, show the heart beat of a friend, and display photos and interfaces for apps.

“Apple’s been very good at personalizing its products,” said Angelo Zino, an analyst at S&P Capital IQ, who said the “intimacy” of the watch was appealing. He saw 10 million in sales this year.

In the presentation, Cook described the watch handling many functions currently associated with the iPhone, which tethers wirelessly to the watch and connects it to the Internet.

The watch will track exercise and remind wearers of events with a tap on the wrist.

Cook also laid out other product successes and launched a new MacBook notebook computer that starts at $1,299 and weighs as little as 2 pounds.

Every major car brand had committed to delivering Apple’s CarPlay entertainment system, and the new iPhone 6 and 6 Plus have 99 percent customer satisfaction rates, he said. The Apple Pay payment system is now accepted at 700,000 locations, and Time Warner Inc’s (TWX.N) HBO in April will debut its streaming HBO NOW service on Apple TV.

Apple also is offering researchers new development tools, called ResearchKit, to help medical researchers design apps for clinical trials, the company said.

(additional reporting by Alexandria Sage, Piya Sinha-Roy, Ellen Wulfhorst; writing by Peter Henderson; Editing by Bernard Orr)

Filed Under: Business & Technology Tagged With: Apple, Apple Watch, Tim Cook

Obama names Indian American investor as IMF director

March 6, 2015 by Nasheman

Sunil Sabharwal

Washington: President Barack Obama has nominated Sunil Sabharwal, an independent Indian American investor in the payments sector, as US Alternate Executive Director at International Monetary Fund for a term of two years.

The White House sent Sabharwal’s nomination to the Senate on Wednesday. At over two dozen, Obama administration boasts of having the highest number of Indian Americans in key jobs than any previous administrations in the US.

Sabharwal, who has been an independent investor since 2006, was the chairman of the Board of Ogone, a European ecommerce payment services company, from 2011 to 2013, according to the White House.

He advised Warburg Pincus on its acquisition of Easycash, a German network services company, subsequently becoming a board advisor from 2006 to 2009.

From 2003 to 2006, Sabharwal was senior vice president of strategic investments at First Data Corporation/Western Union.

From 1997 to 2003, he held several positions at GE Capital, including managing director.

From 1992 to 1996 he worked at the European Bank for Reconstruction and Development.

Sabharwal received a BS from The Ohio State University and an MS from the London Business School.

(Agencies)

Filed Under: Business & Technology, India Tagged With: Barack Obama, IMF, International Monetary Fund, Sunil Sabharwal, United States, USA

No change in ease of doing business under Modi's first 9 months: HDFC Chairman Deepak Parekh

February 20, 2015 by Nasheman

On benefits from oil prices, he said there are many countries that import oil but benefits have been huge for India

Photo: Abhijit Bhatlekar/Mint

Deepak Parekh. Photo: Abhijit Bhatlekar/Mint

Mumbai: Pitching for relaxing “administrative controls” to improve ease of doing business, business leader Deepak Parekh has said impatience has begun creeping in among businessmen, as nothing has changed on the ground in the first nine months of the Narendra Modi government.

He said the industry was still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been little improvement on ‘ease of doing business’ front so far.

Parekh, known as a guiding voice of the Indian industry and has been on a number of key government panels on various policy and reform matters, further said the ‘Make in India’ can’t succeed unless it is made easier for people to do business here and the decisions are fast-tracked.

“I think there is still a lot of optimism among the people of the country and among the industrialists and entrepreneurs that the Modi government will be good for business, for progress, for reducing corruption. They think this government means business on all these fronts.

“However, after nine months, there is a little bit of impatience creeping in as to why no changes are happening and why this is taking so long having effect on the ground.

“The optimism is there but it is not translating into revenues. Any industry you see, when there is a lot of optimism, the growth should be faster,” Parekh told PTI in an interview. Parekh, an eminent banker and chairman of financial services giant HDFC, has always been very vocal with his views on reform and policy measures taken by the various governments over the past three decades. He was among the first industry leaders to openly criticise the previous UPA Government for “policy paralysis” after a spate of scams led to decisions getting delayed within the government and business began getting hurt.

“The thing is that our Prime Minister had a lucky period in these nine months. The world commodity prices are at all-time low which help India the most,” Parekh said.

Parekh cited the example of delay faced by his own group’s HDFC Bank, the country’s top private sector lender, with regard to approvals required for raising of funds, including from overseas.

“Things are happening at such a speed around the world, we need to move faster as well. Just to give you an example of our own case. We needed to raise some capital in HDFC Bank. It took more time this time than earlier years to get approvals from FIPB,” Parekh said.

On benefits from oil prices, he said there are many countries that import oil but benefits have been huge for India.

Japan is also one of the countries that imports oil. But it does not make any difference to Japan with the reserves of oil they have, whether oil is at $50 or $40 or even $110. Also, they are willing to pay higher price because they can afford it, but we can’t.

“We have fiscal deficit and shortage of foreign exchange. These factors, when the government came into power, this was not there on the cards. No one had ever anticipated this (fall in oil prices). Just like none of the 7-8 opinion polls predicted 67-3 in Delhi, no one predicted among the oil analysts at the big firms that the oil will become USD 55. No one predicted this,” he said while emphasising that the first nine months of the Modi government has been extremely lucky for it.

Elaborating on HDFC Bank’s example with regard to ‘ease of doing business’, Parekh said, “It got FIPB approvals. Then FIPB minutes had to be signed, and then it had to go to the Cabinet Committee on Economic Affairs.

“People were helpful but processes have not changed. Now we are a 20-year-old organisation and we are within the limits (of 74 per cent foreign investment cap). Why can’t they change these things. Why can’t the administrative controls be relaxed.

“If 49 per cent in defence is permitted and if someone wants to put in Rs 1,300 crore, why should this go to the Cabinet Committee. The FIPB is good enough and it is within the 49 per cent. So, you have to remove controls. You have to make it easier for people like us to do business.” He said the final approval letter came on the last day, after which the issue of Rs 10,000 crore had to be postponed as there were other listing deadlines of Indian and the US stock markets to be met.

“It is very difficult. And it is only administrative and what does it achieve? If it is within the limits, why should it go to Cabinet Committee on Economic Affairs. Why spend the Prime Minister’s time on such things as he chairs the CCEA.

“If it is a controversial issue, something on security or on defence or some other very important issue, then it can, but not for simple commercial transactions. Someone must take the initiative to remove this,” he said.

Parekh said that this committee has been there for the last 35 years that he has been in the industry.

“When I started working 35 years, it was Rs 200 crore, now it has gone up to Rs 1,200 crore (foreign investment limit beyond which the case is referred by FIPB to CCEA), but it has not been scrapped.”

Suggesting that this revised limit was also very low, Parekh wondered, “Why is it Rs 1,200 crore, make it Rs 5,000 crore. Besides, if it (the investment proposal) meets the guidelines of FIPB, which is chaired by the Finance Secretary and the Finance Minister is always aware of FIPB cases, it should be good enough.”

He also said that a lot of work needs to be done at state levels too on ease of doing business, as things have not changed there either on approvals to start construction of a business etc.

(PTI)

Filed Under: Business & Technology, India Tagged With: Deepak Parekh, HDFC, Make in India, Narendra Modi

Banning kids from using technology is counter-productive

February 16, 2015 by Nasheman

Children are accessing technology at an earlier age than ever. Pixabay

Children are accessing technology at an earlier age than ever. Pixabay

by Joanne Orlando, The Conversation

Taiwan recently made the unprecedented move of banning children two years and younger from using any form of digital technology.

Older children and teenagers will also be severely restricted, with new laws stating children aged 18 years or less will only be permitted to use electronic devices for a “reasonable” length of time. What is “reasonable”, however, is yet to be defined.

As with the use of any illegal substance or product, severe fines (in the vicinity of A$1,500) are in place for parents should their child break these new laws. This new ruling is a measure to limit children from potentially spending long hours in front of a screen.

In neighbouring China, online addiction among young people has reached epidemic proportions. The Taiwanese government does not want the island nation to follow in China’s footsteps. And they’re not alone.

Children’s use of technology is booming around the world, and this is causing anxiety for many. Governments and lobby groups internationally are making moves to restrict the ways children can use technology.

In an attempt to combat cyberbullying here, the Australian Council on Children and Media is urging the Australian government to launch a debate regarding the age of ownership of smart phones. Current figures indicate that the majority of children get their first mobile phones at about the age of 10 years.

This new lobby initiative is based on the premise that many children have unsupervised access to technology, and therefore have a greater opportunity and inclination for cyberbullying.

Japan has moved in a similar direction to combat cyberbullying, with parts of the country introducing a curfew that bans children from using smart phones and mobile devices after 9pm.

Similarly, in a recent article in the Huffington Post, a paediatric occupational therapist called upon “parents, teachers and governments to ban the use of all handheld devices for children under the age of 12 years”. Under the proposed guidelines, children older than six would be allowed a total of two hours of screen time, including television, per day.

Growing up with a screen

These new laws, initiatives and pleas are motivated by the idea that technology is bad for children, and that only by restricting their access will they be able to grow up happy and healthy.

This suggests that by the single (and seemingly simple) act of removing technology from their lives, bullying will become non-existent, all children will be fit rather than overweight, and that mental health problems such as aggression and depression in childhood will diminish.

Children’s health and happiness are essential goals. However, magic wand thinking is not going to get us there. Children may be young, but this does not mean their lives are simple. There are many factors at work that would lead to a child cyberbullying, just as there are multiple factors that contribute to an individual being obese.

Technology is an intricate part of life today and there is a lot of benefit to its use. Banning or restricting children’s access has far reaching implications for their health and happiness.

Not allowing children to use devices or the internet hampers their ability to engage with the world they live in. Similarly, technology offers many educational benefits for children; school curricula around the word rely on technology for this very reason. If children’s access to technology is restricted, long term implications for children’s opportunities for learning may arise.

Digital technology is already being used for education. Lexie Flickinger/Flickr, CC BY

Long-term economic implications could also arise from this. How will children ready themselves for the job market when they are 18 years old if they have had little chance to develop deep knowledge of how to use technology to find, organise and communicate ideas?

It would be like waiting until a child is 18 years old before they can own and use their own literacy tools such as pens, paper and books. This is the knowledge economy, yet this plan is from the dark ages.

With banning devices also comes the need for surveillance. One might envisage that parents or teachers would be expected to undertake this role. Child/parent and child/teacher relationships are vitally important for children.

Research consistently tells us that positive relationships with key adults have long term and unmatched implications on children’s self esteem, confidence and happiness.

A government adding an unfathomable surveillance role of not allowing technology use (in our technology bound society) gives the message that children are not be trusted and will add significant strain to these relationships at a cost to children.

Embracing technology

Technology is not going away. Locking children away in a tech-free tower until they are adults is not the answer. Why not shift gear to one of hope, potential and the pursuit of how to live well with these devices?

This doesn’t necessarily mean listening to all the advertising about technology and how it can change our lives, but rather taking a critical approach to considering the benefit it holds for our children and how to achieve it.

Part of this is seeing technology from the perspective of children to understand the value they find in its use and how this matches our own goals for them as they grow and develop.

It also means understanding how technology can be managed in the home so complaints about children’s use do not remain the unwavering focal point. Many families have developed meaningful strategies that work for children and adults. It is these families that should be the starting point for this understanding.

While Taiwan’s tech-laws have been introduced to support the wellbeing of children, learning to grow well with technology rather than restricting it, may be more conducive to that goal.

Joanne Orlando is a Senior lecturer, Educational Technology at University of Western Sydney.

The Conversation

Filed Under: Business & Technology, Opinion Tagged With: Children, Cyber Bullying, Smart Phones, Technology

How YouTube Changed the World

February 13, 2015 by Nasheman

YouTube

In late 2005, when YouTube was just a few months old, one its co-founders announced that the site’s users were consuming the equivalent of an entire Blockbuster store each month. Today, 300 hours of video are uploaded to the site every minute. And Blockbuster… Well, kids, Blockbuster was a video rental shop offering films on DVD and VHS. VHS tapes were like giant cassettes. Cassettes were… Oh, never mind. From The Telegraph: How YouTube Changed the World.

Filed Under: Business & Technology, Cabinet of Curiosities Tagged With: Internet, Video, YouTube

Facebook partners with Reliance Communications to launch Internet.org

February 11, 2015 by Nasheman

Internet.org

Mumbai: Reliance Communications, a part of the Anil Ambani-led group, Tuesday said it has been roped in by Facebook to offer free access to data and web sites to customers through the social networking site’s global digital inclusion initiative, Internet.org.

The Internet.org initiative will provide access to popular websites and services with zero data charge to make it easier for people to access the Internet across both the 2G and 3G platforms, Reliance executives said at a press conference here.

“Internet is the integral part of our well being. It is tool to transform lifestyle. Data is the raw material of the information age,” said Gurdeep Singh, chief executive officer, consumer business, Reliance Communications.

To start with these services will be available to Reliance customers in of Mumbai, Maharashtra, Gujarat, Andhra Pradesh, Chennai, Tamil Nadu and Kerala. The services will then be extended to the rest of the country in a phased manner with more services and websites.

The company is already live with the he services in all these circles by, said Singh: “We are committed to go online pan-India within 90 days.”

The companies declined to share who will bear the cost of such data. “If we do good to people they will come back to us,” Singh said.

“Today, we’re excited to make the Internet available to millions of people in India through the launch of Internet.org and free basic services with Reliance,” said Chris Daniels, the vice-president of Internet.org at Facebook.

“This is a big step forward in our efforts to connect everyone in India to the Internet, and to help people discover new tools and information that can create more jobs and opportunities.”

Reliance customers can now explore Internet and reap its benefit in daily life, without having to worry about data charges. These set of services also come with free Facebook access, Singh said.

“It is not restricted to any handset, irrespective of screen size or operating platform,” he said.

“Through this partnership, we aim to increase Internet inclusion and encourage more Indians to go online. This will not only accelerate net penetration in India, but also open new socio-economic opportunities to users in areas like education, information and commerce.”

Saying that future belongs to the people with access to internet, he said that people with no access to internet will be “less comparative and agile.

Daniels said Facebook has helped Reliance in the project with technology and users experience.

Reliance customers can access these websites with zero data charges at www.internet.org, or in the Internet.org Android app. Most of the services will be available in English, Hindi, Tamil, Telugu, Malayalam, Gujarati and Marathi, to begin with.

Reliance Communications, an integrated telecommunications service provider with a pan-India presence, has a customer base of over 110 million, including over 2.6 million individual overseas retail customers.

(IANS)

Filed Under: Business & Technology, India Tagged With: Facebook, Internet, Internet.org, Reliance Communications

HSBC’s private Swiss bank served everyone from alleged arms dealers to pop stars

February 9, 2015 by Nasheman

The doors were open. (Reuters/Denis Balibouse)

The doors were open. (Reuters/Denis Balibouse)

by Heather Timmons, QZ

An investigation into 100,000 individuals who held accounts with HSBC’s Private Bank turned up a roster of royals, arms dealers, sanctioned Russian businessmen, and on-the-lam politicians—along with music icons Tina Turner, Phil Collins, and David Bowie. The leaks of the bank’s sometimes-unsavory clientele—who collectively held more than $100 billion in assets, often structured specifically to evade taxes—forced HSBC to acknowledge that its standards “were significantly lower than they are today.”

The investigation by the International Consortium of Investigative Journalists (ICIJ), involves 60,000 files leaked by a former HSBC employee that detail the private bank’s accounts held in Switzerland in 2006 and 2007. In part through the use of the same leaks, European andUS authorities have been cracking down on banks—and HSBC in particular—that help clients stash assets overseas to evade taxes.

Only a few dozen of the account holders were made public by ICIJ. But they represent an interesting cross-section of the world’s wealthy and paint an intriguing picture of how to store offshore assets—a practice that some economists say contributes to rising global wealth inequality, by stripping local governments of tax revenue to spend on goods and services for the less-rich. Here are a few of the wealthy tribes that emerge from the leaks:

The Swiss pop stars

Some 14% of the wealthy individuals in the leaked database have Swiss passports, including many who weren’t born in Switzerland, like pop idols Phil Collins, Tina Turner and David Bowie. Swiss nationals are not subject to the same scrutiny of their accounts as citizens of the US and other EU countries. Clients “linked” to Switzerland had by far the largest amount of assets, at $31.2 billion.

Alleged arms traffickers, fraudsters, and corrupt officials:

Burundian Aziza Kulsum Gulamali, known as the “Coltan Queen” for her trade in that rare metal, has been criticized by the United Nations for providing arms to rebels during Burundi’s civil war. She was linked to accounts containing over $3 million.

Central African Republic diamond magnate Abdul-Karim Dan Azoumiis accused by the United Nations of financing the country’s rebel Seleka group that has waged civil war killing thousands. He held less than $500,000 in one account.

Rachid Mohamed Rachid, the former Egyptian trade minister, is linked to a $31 million account. He fled Cairo in 2011 but was convicted in absentia of profiteering.

Former Portsmouth FC owner Vladimir Antonov is accused of a $500 million bank fraud in Lithuania. He is linked to an account worth $65 million.

Entertainers:

Actor John Malkovich said through a representative that he knew nothing about the account in his name, and suggested that it might be related to Ponzi schemer Bernie Madoff, “who handled some of his finances.”

Actor Christian Slater was linked to an account named “‘Captain Kirk,’ after the Star Trek character,” which was open between 1996 and 1997.

Elle MacPherson, the Australian model, had four client accounts that led to 25 separate bank accounts holding over $12 million.

Actress and author Joan Collins was linked to two Swiss HSBC accounts that have since been closed. Her accountant said they were opened without her consent.

Industrialists and businessmen

Rajan Raheja, an Indian construction magnate, was linked to accounts that held $262 million.

Oil trader Jonathan Kolleck was linked to 19 active accounts that held $72 million.

Mexican businessman Carlos Hank Rohn was linked to HSBC accounts with nearly $180 million. He and his relatives have been investigated for alleged money laundering and links to drug cartels, but all charges have been dropped.

Housewives

More than 7,300 people in the leaked accounts are described as “housewives.” The report supplies few names of these woman, but it does describe how one Danish housewife visited the private bank in Zurich and left with the equivalent of $16,000 in cash. The ICIJ report notes the term housewife “may be used to describe a wealthy married woman, but it’s also applied in some cases to women who include industry pioneers, architects, journalists, teachers, princesses and heiresses.”

Filed Under: Business & Technology Tagged With: HSBC, ICIJ, International Consortium of Investigative Journalists, Scandal, Swiss Bank

Govt blocks 32 websites including Vimeo & Github, users furious

January 1, 2015 by Nasheman

websites-block-india

New Delhi: On Wednesday, the Department of Telecommunications issued orders to Internet service providers in the country to block 32 websites on December 16, compliance of which was effected on the same day.

According to Government sources, the sites had alleged anti-India content from groups such as Islamic State or ISIS.

“We have blocked some websites as there were serious national security concerns,” said a government official.

“The websites that have been blocked were based on an advisory by Anti Terrorism Squad, and were carrying anti-India content from ISIS (Islamic State of Iraq and Syria),” Arvind Gupta, head of the ruling Bharatiya Janata Party’s information technology cell, said in a message on Twitter.

“The sites that have removed objectionable content and/or cooperated with the ongoing investigations, are being unblocked,” he added.

If Internet service providers (ISPs) don’t comply with the demand, they are liable to being penalized, the order said.

However, social media users erupted in fury over the blocking of sites like Vimeo, Dailymotion, Pastebin and, for some reason, Internet Archive and Github – one an archive and the other a collaborative programming service.

Insane! Govt orders blocking of 32 websites including @internetarchive @vimeo @github @pastebin #censorship #FoEx pic.twitter.com/F75ngSGohJ

— Pranesh Prakash (@pranesh_prakash) December 31, 2014

Redditors in India: United We Stand have been discussing the blocks on Reddit threads confirming that some of the listed sites have been blocked by Vodafone, BSNL, ACT Fibrenet, Hathway Cable & Datacom LTD. (Bangalore), among others.

This is not the first time the government has cracked down on websites. A recent report by Freedom House, an independent watchdog, said the information ministry received a total of 130 court orders to block Web content between February 2009 and December 2013.

In February 2014, the then minister of communication and information technology told Parliament that 62 URLs were blocked in 2013 under Section 69A for hosting objectionable information with the potential to disturb public order.

As many as 82 URLs were blocked on 18 September 2013 in addition to 26 blocked a week earlier after violence escalated between Hindu and Muslim communities in Muzaffarnagar district of Uttar Pradesh. A total of 362 URLs were blocked in response to communal violence in the northeast, the report said.

Filed Under: Business & Technology, India Tagged With: Government, Internet, Security, Social Media

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