India plans to ink a major defence deal with the US to procure 30 <keyword id="10903374" type="UNKNOWN" weightage="20" keywordseo="armed-drones-worth">armed drones worth</keyword> $3 billion (approximately ₹22,000 crore) to enhance <keyword id="834532" type="PERSON" weightage="20" keywordseo="military-capabilities">military capabilities</keyword>, sources said. As per plans, India will be acquiring 30 MQ-9 Reaper -- 10 each for the three services. The procurement is being done as India is facing war-like situation on two fronts -- Pakistan and China. The approval to take these armed drones could be finalised during Defence Acquisition Council (DAC) meeting lead by Defence Minister Rajnath Singh. To further cement the deal, US Defence Secretary Lloyd Austin is expected to visit India later this month. India is becoming a strategic defence partner for the US, especially countering Chinese influence in the <keyword id="12350" type="LOCATION" weightage="20" keywordseo="Indian-Ocean">Indian Ocean</keyword>. These MQ-9B Predator drones are manufactured by San Diego-based <keyword id="834093" type="COMPANY" weightage="20" keywordseo="General-Atomics">General Atomics</keyword>. The MQ-9B has an endurance of 48 hours and a range of over 6,000 nautical miles. It carries maximum payload of 2-tonne. It comes with nine hard-points, capable of carrying sensors and laser-guided bombs besides air-to-ground missiles. <keyword id="1799114" type="PERSON" weightage="20" keywordseo="last-year">Last year</keyword>, the <keyword id="6355100" type="COMPANY" weightage="20" keywordseo="Indian-Navy">Indian Navy</keyword> took on lease two Sea Guardian drones to enhance surveillance over the Indian Ocean Region (IOR). The two non-weaponised MQ-9B Sea Guardian drones were leased for one year with an option of extending the period by another year. Last month, <keyword id="78682" type="COMPANY" weightage="20" keywordseo="Indian-army-chief">Indian Army Chief</keyword>, General Manoj Mukund Naravane, highlighted the role of drones in military warfare. Speaking during an webinar organised by Centre for Land Warfare Studies (CLAWS) about multi-domain operations and the future of warfare, the <keyword id="6354416" type="COMPANY" weightage="20" keywordseo="Indian-Army">Indian Army</keyword> Chief had said that everyone has seen how the very imaginative and offensive use of drones in Idlib and then in Armenia-Azerbaijan, challenged the traditional prima donnas: the tanks, the artillery and the dug-in infantry. He also talks about a showcase of swarm drone offensive striking multiple targets during the Army Day Parade in January that sent a strong message to India's adversaries. Naravane said that the swarm drone demonstration was a message to India's adversaries that "the Indian Army is steadily inducting niche capabilities to enhance our combat proficiencies in Multi-Domain Operations". He said that swarm drones can overwhelm and effectively suppress an enemy's Air Defence Capability, creating windows of opportunities for strike elements. "It is also no longer necessary to score a physical hit to destroy a target. "Offensive capabilities in the digital domain can effectively neutralise satellites and networks, denying them at critical juncture to decisively alter the course of the conflict," he had stated. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/checkout-review-of-oppo-fitness-band-related-to-design-performance-price-and-battery-life/articleshow/81423414.cms">Oppo Band Style review – getting the basics right with a twist of flair</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-share-allotment-status-of-mtar-technologies-ipo/articleshow/81424102.cms">MTAR Technologies IPO: Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a>

India plans to buy 30 MQ-9 Reaper drones for $3 billion from US company General Atomics

<ul><li>An international team of scientists has discovered a new ‘<keyword id="85716" type="PERSON" weightage="20" keywordseo="super-Earth">Super Earth</keyword>’ around 122 light-years away.</li><li>This planet outside our solar system is 70% bigger than Earth with days that only last 16 hours.</li><li>It’s also a whole lot hotter than Earth, burning at 1069 Kelvin, which is round 800 degrees Celsius.</li></ul>A team of international scientists have found a new, possibly habitable, planet outside the known solar system dubbed <a href="http://exoplanet.eu/catalog/toi-1685_b/">TOI-1685b</a>. Located over 122 light-years away, this new planet has been given the status of a ‘super Earth’. It is 70% more massive than our home planet and one day on the planet only lasts 16 hours — that’s only two-thirds of a day on Earth. The catch, however, is that this particular candidate for habitable life is one of the hottest Earth-size exoplanets discovered so far. It has a surface temperature of 1069 Kelvin, which comes in just under 800 degrees Celsius. The Earth’s average surface temperature, as of 2017, was around 14.9 degrees Celsius. "We present the discovery of the ultra-short-period planet TOI-1685b, which orbits its host star with a period of 0.669 days. To conﬁrm the planetary nature of the <keyword id="1631115" type="PERSON" weightage="20" keywordseo="TESS">TESS</keyword> transiting candidate we obtained high resolution spectra using the CARMENES spectrograph," the astronomers wrote in the paper published on <a href="https://arxiv.org/abs/2103.01016">arXIv.org</a>. TOI-1658b will now be slotted with the other discoveries of the Transiting Exoplanet Survey Satellite (TESS). The National Aeronautics and Space Administration’s (NASA) tool is conducting a survey of around 200,000 of the biggest stars around the Sun to Earth-like planets. <div type="image" title="super earth_edited" msid="81429229" hostid="261" caption="&amp;lt;p&amp;gt;Artistic impression of the surface of the newly discovered hot super-Earth Gliese 486b, which has a temperature of about 700 Kelvin (430 °C). The astronomers of the CARMENES collaboration expect a Venus-like hot and dry landscape interspersed with glowing lava rivers. &amp;lt;/p&amp;gt;"></div> So far, it has identified around 2,500 candidate exoplanets, of which 113 have been confirmed. This year, TESS has already made two other discoveries — one of the <a href="https://www.mpia.de/news/science/2021-05-gliese486b">nearby Super Earth</a> and three new worlds in a <a href="https://www.nasa.gov/feature/goddard/2021/nasa-s-tess-discovers-new-worlds-in-a-river-of-young-stars">‘river’ of young stars.</a> The conundrum of the red dwarf star In order for a planet to be habitable, it must have a star — just like the Earth has the Sun. TOI-1685b’s home star is an M dwarf, also called a ‘red dwarf’ star. These are some of the most common stars around. They’re also considered to be one of the best candidates for a habitable planet since they’re smaller and less luminous than Earth’s Sun. However, <a href="https://www.scientificamerican.com/article/m-dwarfs-could-be-the-best-or-worst-extraterrestrial-homes/">critics</a> believe that while red dwarf planets are easy to find, they may be difficult for fostering actual life. Due to their small size and weaker gravity, M dwarfs can take longer to form than much larger stars. Meanwhile, the planets trying to take birth around the star would be subject to the heavy light and heat for the formative years — possibility cooking off most of the planet’s life-giving water before the star even forms. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/tech/news/indias-new-data-protection-bill-makes-a-good-show-of-user-rights-but-can-it-deliver-on-its-promises/articleshow/81422687.cms">India’s new data protection bill makes a good show of user rights — but can it deliver on its promises</a>

This new super Earth is 70% bigger than our planet, but it's also more than 50 times hotter

The share price of Infosys fell by 16.2% a day after whistleblowers complaint on its top management turned public, on Tuesday (October 22). That’s a wealth erosion of about ₹53,000 crore (about $7 billion). It also hit a lower circuit and closed at ₹643 per share. This is due to a whistleblower complaint which alleged that the CEO and CFO top management put pressure on them to not recognise the reversal of $50 million on FDR contracts as it will slash profits. Two anonymous whistleblowers accused the CEO Salil Parekh and CFO Nilanjan Roy of concealing information from auditors and keeping large deal information from the board. But, investors seem to fear that this may only be the tip of the iceberg. And, this is not the first time that Infosys has been accused of ‘corporate governance’’ issues. In fact, the founder of the company and the promoter group has been vocal<a href="https://economictimes.indiatimes.com/markets/stocks/news/infosys-promoters-including-murthy-nilekani-offer-shares-worth-rs-2038-crore-for-buyback/articleshow/60347494.cms?from=mdr"> of possible irregularities</a>, especially during the acquisition of Panaya for $200 million. This was of course, two years back. Ever since, the CEO Vishal Sikka and the CFO R Seshasayee have quit after blaming the founder Naranya Murthy of ‘personal attacks’ on them. The board too had been scrubbed clean and changed by one of its founders Nandan Nilekani but as it seems to be, the troubles are far from over. The severity of the fall in the share price today shows that investors are more worried about the standard of governance at one of India’s most famous home-grown companies that was once touted to be a benchmark in corporate governance. As per he whistleblower complaints, millions in reversals were not added into the accounts, to make profits ‘look good’. Amongst other things, whistleblowers said that Even without a possibly fake facelift, Infosys has been losing out to its competitors. A research report by Nomura has maintained its ‘neutral’ rating on the company preferring TCS over it. “We expect calendar year growth momentum to moderate in the second half below double digits as it should be seasonally weak with furloughs in the third quarter. Incrementally, outlook is weak in retail, and BFSI remains soft which is 50% of revenues combined), though performance and outlook on other verticals is strong,” the report said after Infosys declared its quarterly results. For a company which is growing slow, investigation and accusations will not help. Not during times of slowdown which it already has a lot of ground to cover. If more troubles come out of the Pandora’s box, Infosys will risk comparison to the likes of Satyam Computers which went down in 2009 after the promoter Ramalinga Raju tried to merge it with another infrastructure company he runs, failed and declared his role in a scandal that hit the credibility of entire India Inc.

Infosys lost $7 billion in share value due to $50 million whistleblower complaint-- showing that governance is bigger than money

Nepals Ministry of Culture, <keyword id="20048" type="CITY" weightage="20" keywordseo="tourism">Tourism</keyword> and Civil Aviation has put a ban on taking and circulating pictures, videos and filming of <keyword id="10904473" type="UNKNOWN" weightage="20" keywordseo="other-climbers">other climbers</keyword> or members of expedition teams on Mt Everest other than of oneself starting this season. Issuing a notice on Wednesday, the <keyword id="254034" type="COMPANY" weightage="20" keywordseo="department-of-tourism">Department of Tourism</keyword> put the ban, saying that each climber can take, share and make images and videos of their group or of oneself but they will face action if they take, make and share photos of other climbers without the department's consent. In the wake of a picture that went viral on May 20i9 about the "traffic jam" on Mt Everest taken by one record holder climber, Nirmal Purja, Nepali officials have been facing other similar kinds of criticism by the international media over threat to the <keyword id="6426894" type="PERSON" weightage="20" keywordseo="Himalayan">Himalayan</keyword> eco-system. The mountaineering community and some international media have criticized the hollow management of the Nepal government in managing the expedition on Mt Everest after the photo, "traffic jam in Everest" went viral. Later, several other climbers took pictures of other climbers, filming at the top of Mt Everest and circulated them on the Internet. Officials said some other attempts were made to defame Mt Everest's tourism management by circulating the pictures like piling of garbage at <keyword id="1061461" type="LOCATION" weightage="20" keywordseo="Everest-base-camp">Everest base camp</keyword>, an avalanche in Everest during the earthquake in 2015. "Such activities have given negative publicity about the Everest so we decided to put a ban on taking pictures, movie and filming in the Everest by others," Mira Acharya, an official at Nepal's Tourism Department told the Nepali media, "to stop these kinds of negative publicity, we have come up with the new guideline that includes <keyword id="10904474" type="UNKNOWN" weightage="20" keywordseo="other-mountains">other mountains</keyword> in the country as well". Nepal has eight mountains whose heights are higher than 8,000 metres and Nepal witnesses a huge rush of mountaineers during the climbing season that generally falls in mid-May. Similarly, the new guideline also stated that any climber should have appropriate medical and health conditions for climbing the mountains. In the past, due to some climbers, who did not have the appropriate health and medical conditions to climb the mountains, emergency rescue operations had to be mounted. "We honour the personal freedom of climbers but that does not mean they can post images and videos of others without their consent. Either through commercial cameras or mobile sets, all such activities have been banned," Acharya told the Nepali media here. If anyone intends to disseminate still photographs and videos of people, avalanches and even dead bodies on the mountain among other things, they must secure consent from the Department of Tourism, the government agency that issues Everest climbing permits, the <keyword id="18568" type="COMPANY" weightage="20" keywordseo="kathmandu">Kathmandu</keyword> Post quoted the official. According to Ang Tsering Sherpa, former president of Nepal Mountaineering Association, though, it would not be possible to prevent the dissemination of videos or photos taken on Everest because millennials stand out for their use of technology, and even the older generation has embraced digital life. "You make a click here and in an instant, your photo goes around the world," he told the newspaper. A total of 6,507 mountaineers have climbed Everest from the Nepal side since Tenzing Norgay Sherpa and New Zealander <keyword id="134414" type="PERSON" weightage="20" keywordseo="Edmund-Hillary">Edmund Hillary</keyword> first set foot atop the world's highest peak in May 1953. The year 2019 was significant in terms of records set on the world's tallest peak. On May 22 and 23, a total of 223 and 212 climbers reached the summit, which has been recorded as the highest and the second-highest number of climbers on the top of Everest on any particular day. There were no expeditions last year due to the Covid-19 pandemic, which caused Nepal loss of millions in revenue, while thousands of people in the Himalayan region were rendered jobless. Foreigners pay $11,000 for a permit to climb Everest and spend anywhere between $40,000 and $90,000 for the entire expedition. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/checkout-review-of-oppo-fitness-band-related-to-design-performance-price-and-battery-life/articleshow/81423414.cms">Oppo Band Style review – getting the basics right with a twist of flair</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-share-allotment-status-of-mtar-technologies-ipo/articleshow/81424102.cms">MTAR Technologies IPO: Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a>

Nepal's is banning Mount Everest climbers from taking pictures and videos of 'others' without consent

New Delhi, The brand value of the <keyword id="6354831" type="COMPANY" weightage="20" keywordseo="indian-premier-league">Indian Premier League</keyword> (<keyword id="6354312" type="COMPANY" weightage="20" keywordseo="IPL">IPL</keyword>) went down for the first time in six years - by 3.6 per cent over one year. From Rs 47,500 crore in 2019, it fell to Rs 45,800 crore in 2020, the first decline since 2014, a report said on Wednesday. And in terms of US dollars, <keyword id="10904414" type="UNKNOWN" weightage="20" keywordseo="ipl-ecosystem-valuation">IPL ecosystem valuation</keyword> in 2019 was $6,780 million while in 2020 it was $6,190 million -- a change of 8.7 per cent, from Duff &amp; Phelps, a Kroll Business, which specialises in brand valuation, said in its report. "Year 2020 was a challenging one with economic distress and uncertainty due to the COVID-19 pandemic. The sports economy was not immune to this crisis, and the pandemic disrupted the sporting calendar for the year, with a string of tournaments being postponed or cancelled." IPL was relocated to the United Arab Emirates (UAE) as the Indian government had paused sporting activities due to Covid-19. But the Indian cricket board was keen to organise the IPL, and that's why the tournament was shifted, like it did in 2009, when it was played in South Africa. "The IPL also felt the heat of the pandemic, and the findings of the seventh edition of this annual IPL study suggest that the IPL ecosystem value has decreased by 3.6 per cent in constant currency terms to Rs 45,800 crore from Rs 47,500 crore last year," said the report. Duff &amp; Phelps undertook a study during the initial lockdown period (April 2020) to analyse the initial impact of COVID-19 on the value of the IPL ecosystem, which was estimated in the IPL Brand Valuation Report 2019. Based on the scenarios it considered, the IPL ecosystem value was estimated to be impacted by nearly $1 billion only due to cancellation and without capturing the impact of the economic slowdown that might follow. "In our impact study, we had mentioned that depending on the extent of the post COVID-19 slowdown, most <keyword id="6371232" type="UNKNOWN" weightage="20" keywordseo="sponsors">sponsors</keyword>hip contracts may get renegotiated next year, as the spending power of the advertisers and sponsors is likely to be impacted by the economic slowdown," Duff &amp; Phelps said. This does appear to have played out when <keyword id="215177" type="DOMAIN" weightage="20" keywordseo="Vivo">Vivo</keyword> decided to pull out of the title sponsorship at the last moment, and IPL had to scramble to get a new sponsor at the eleventh hour. The new sponsor entered at a steep discount, and the IPL had to take a hit of Rs 218 crore in sponsorship revenues. In 2020, the IPL had lower sponsorship revenues as compared to previous years. Much of this is attributed to Vivo pulling out of the title sponsorship deal and being replaced by Dream11. Dream11 paid Rs 222 crore for the season, as against Vivo's cancelled contract of Rs 440 crore/season for the IPL title sponsorship. The individual franchisees have also witnessed a reduction in their brand values over the last year, mainly due to reduced franchisee-related sponsorship revenue, loss of gate receipts, reduced food and beverage (F&amp;B) revenue and certain teams' on-field performances. The report further stated that champions Mumbai Indians remained the most valuable franchise with a brand value of Rs 761 crore. However, this is down by 5.9 per cent from Rs 809 crore in 2019. The highest drop in brand value was suffered by three-time champions Chennai Super Kings, who were evaluated at Rs 611 crore which is down 16.5 per cent from Rs 732 crore after IPL 2019. Kolkata Knight Riders have seen the second highest brand reduction at 13.7 per cent from Rs 629 crore after IPL 2019 to Rs 543 crore last year. "Similar to the impact on other businesses and the overall economy, the pandemic led to a decline in the IPL ecosystem value. However, with people forced to spend time at home, there was an increase in IPL television viewership. The 2020 edition was a huge success for broadcasters as it broke viewership and advertising revenue records. Television ratings skyrocketed and advertisers tapped into this opportunity to scale up their brand image. Despite the challenging year, this momentum is indicative of how strong the IPL brand has become," said Santosh N., External Advisor, Duff &amp; Phelps India Pvt Ltd. However, IPL's impact on its sponsors and partners continues to be remarkable, said the report. Following the announcement of central sponsorships by the <keyword id="82275" type="COMPANY" weightage="20" keywordseo="Board-of-Control-for-Cricket">Board of Control for Cricket</keyword> in India (BCCI), the title sponsor Dream11 secured USD 225 million in funding, one of the official sponsors Unacademy joined in with a funding of USD 150 million, and another official sponsor, Cred, secured USD 80 million. "With the economy opening and Covid-19 cases decreasing in India, we expect sponsorship deals to be back to their pre-COVID-19 levels. We have now entered a more stable phase in terms of the IPL ecosystem's value; the value appreciation is not expected at the rate of previous years. However, an increase in the number of teams in 2022 and the renewal of media rights in 2023 could enhance the IPL ecosystem value in the future," Santosh said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/checkout-review-of-oppo-fitness-band-related-to-design-performance-price-and-battery-life/articleshow/81423414.cms">Oppo Band Style review – getting the basics right with a twist of flair</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-share-allotment-status-of-mtar-technologies-ipo/articleshow/81424102.cms">MTAR Technologies IPO: Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a>

You Searched For "role of cfo at Tcs" and got 5 results

India plans to buy 30 MQ-9 Reaper drones for $3 billion from US company General Atomics

IANS

This new super Earth is 70% bigger than our planet, but it's also more than 50 times hotter

Prabhjote Gill

Infosys lost $7 billion in share value due to $50 million whistleblower complaint-- showing that governance is bigger than money

Katya Naidu

Nepal's is banning Mount Everest climbers from taking pictures and videos of 'others' without consent

IANS

IPL brand value falls for first time in 6 yrs, says report

IANS