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Web world is abuzz with rumours that Google's Facebook rival is in works. The rumour mill began churning after Digg founder Kevin Rose posted a tweet last weekend (saturday to be precise), saying, "Ok, umm, huge rumor: Google to launch facebook competitor very soon 'Google Me,' very credible source."
Wondering how Google Me will really work? Experts believe that Google already has almost 30 different social properties that it has acquired or built including YouTube, Picassa, Google Profiles, Google Docs, Google Friends Connect and Google Latitude. So, the company largely has almost every component that it requires to built a Facebook killer. All it needs to do is a bit of organisation and create a common platform for all these networks.
However, so far Google is still to get a hit in the social networking space. Orkut, one of the pioneers in social network, today has little following except in Brazil and India. More recently, the company made another foray into social networking arena with Google Buzz, which aims to upgrade Gmail into a social networking hub from just an e-mail service. However, the service has been relegating to more of a Web 2.0 sharing tool than a social networking hub.
Several analysts also wonder if Google would really risk waging a full-scale war against Facebook, which has seen its fortunes soar in the past year.
Writes eWeek's Clint Boulton, "Google challenging Facebook in social is like Facebook challenging Google in search," he writes. "People are comfortable socializing on Facebook, which is where their friends (and their friends of friends are) and they are comfortable searching on Google, which is where all of the data about businesses, places and other facts live. Unless and until there are technological improvements on both sides, paired with practical user behavior shifts from consumers, never the twain shall meet."
While analysts may continue to debate the issue, the rumour has been further fanned by Adam D’Angelo, former Facebook CTO and now founder of Q&A service Quora (on Quora only).
Here's what Angelo wrote on Quora.
* This is not a rumor. This is a real project. There are a large number of people working on it. I am completely confident about this.
* They realized that Buzz wasn't enough and that they need to build out a full, first-class social network. They are modeling it off of Facebook.
* Unlike previous attempts (before Buzz at least), this is a high-priority project within Google.
* They had assumed that Facebook's growth would slow as it grew, and that Facebook wouldn't be able to have too much leverage over them, but then it just didn't stop, and now they are really scared.

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Mahindra Aerospace of the $6.3-billion utility vehicle maker Mahindra Group will become the first Indian private firm to manufacture smaller civil aircraft for the Indian general aviation market, which is set to boom this decade.
"We will manufacture the turboprop aircraft in 2-20 seat capacity at our recently acquired Gippsland Aeronautics (GA) in Victoria State of Australia and market them in India," Mahindra Board Member, Mr Hemant Luthra, told IANS here.
Once Mahindra Aerospace plant at Malur near Bengaluru is set up and certified for production in the next three years, the manufacturing will be shifted to India to hard-sell the multi-utility aircraft for various civil aviation requirements. "We want to be the premier Indian producer of aircraft. We will explore every opportunity to become a top aircraft manufacturer on the lines of the Brazilian Embraer," Mahindra Vice-Chairman and Managing Director, Mr Anand Mahindra, said on the margins of an aviation event here on Saturday. The 26-year-old GippsAero is a leading turboprop aircraft manufacturer for the general aviation sector and has certification in 32 countries worldwide, including the US Federal Aviation Regulations (FAR 23), which testifies the highest degree of safety to fly fare-paying passengers between small and remote airfields.
Mahindra Aerospace acquired majority stake (75.1 percent) in GippsAero and Aerostaff Australia for Rs.175 crore ($38 million) in December 2009 jointly with Kotak Private Equity. Aerostaff is a 20-year-old manufacturer of aerospace components and assemblies for global aerospace original equipment manufacturers (OEMs) at Port Melbourne in Victoria state. About 250 smaller aircraft of GippsAero operate in 34 countries. It currently has an order book to manufacture about 20 aircraft in the 8-10 seat capacity.

Saina Nehwal continuing her overwhelming modify to verify her ordinal straightforward denomination in as some weeks. The Amerindic champion won the state Open badminton Super Series in Djakarta on Sunday, fighting Japan’s Sayaka Sato 21-19, 13-21, 21-11 in the final.

It was at the state Open terminal assemblage that Saina’s uprise to badminton’s selected began, as she became the prototypal Amerindic shuttler to get a Super program event.

In the terminal digit weeks she won the Amerindic Open Grand Prix and island Open Super Series which saw her uprise threesome places in the concern rankings to No 3.

By morality of those serial titles, the 20-year-old, with 64791.2637 points, prefabricated a momentous ascending shitting in the interpret and is meet behind

  Bangalore-based Indian Institute of Science has developed a text-to-speech (TTS) software for Tamil and Kannada languages, which will help the speech impaired.

"It converts text that is already coded in the computer into speech or audible wave forms. We have it in both Tamil and Kannada and it takes a fraction of a second to read what is written," A G Ramakrishnan, Professor of Department of Electrical Engineering at IISc and project head, told PTI.

Ramakrishnan was here to present a paper in the Tamil Internet Conference as part of the ongoing World Classical Tamil Conference.

He said the project has been named Tirukural (the ancient Tamil collection of couplets), with a pun on "kural" which also means 'voice' in Tamil.
While there was a similar TTS software in Hindi, there was no such one available for other Indian languages, he said.

The research team has tied up with Bangalore-based St John's Hospital for a pilot project of this software, which could be used only with Tamil unicode.

While Ramakrishnan wanted to do a complete Tamil software, he had to cope with the reality that the spoken language is also interspersed with English words, especially among Tamil speakers.

"The next version of Tirukural will bridge this gap which has not been cared for in the present version," he said, adding it will be ready by a week or so.

He said globally, hundreds of thousands of dollars were being invested on TTS for English but little investment had been done for regional language.

Mark Zuckerberg looks almost as popular as Facebook, going by the rush of audience for a question and answer session with the founder and CEO of the online social network at the Debussy that forced the organisers to open other auditoriums to show him live on screen.

And he didn’t disappoint and dealt with all the questions thrown at him. “Internet makes the communication two-way discussions, with marketers and even with the government. However, the trend I see is that the Net is becoming more personal. So, Facebook has to create products that are personalised,” said Zuckerberg.

The quest to create personalised products for Facebook users triggers the question of privacy. Zuckerberg admitted that as Facebook started rolling out new features, there were too many controls. “People had a legitimate question on us having too many controls. But people now want control over what they want to share,” he said.

The trend of brands releasing their communication on Facebook for millions to see and engage is what Zuckerberg thinks is the way in the future. But when it comes to Facebook making money, he said the key is servicing the partners — users, advertisers and developers — over a long time frame.

Even as Facebook is a rage in certain parts of the world, India with a low 40 million internet penetration and a high mobile telephony usage is a challenge for Facebook. The solution, Zuckerberg said, is to build a uniform platform that runs horizontally – be it web, Facebook, mobile applications. “So it can be fitted into markets like India,” he said.

Like Dollar $ or the Euro € or the Pound £, the Indian rupee will also now have its own symbol very soon. The Cabinet is expected to choose a symbol today which will represent Indian currency all over the world, just like the symbols of other currencies do. The government had announced a competition for designing symbol and they also announced a prize money of 2.5 lakh for winning symbol. The creator of winning symbol will have this prize money. The authorities had chosen five designs earlier but today the final design would also be declared by the cabinet.
Finance Minister Pranab Mukherjee says that they are looking for a design which reflects and captures the Indian ethos and culture. Current symbols ‘Re’ or ‘Rs’ are also under use of India’s neighbors like Pakistan, Sri Lanka and Nepal.

Hyundai Motor India Ltd (HMIL) Wednesday launched here a new sedan, Verna Transform, priced at Rs.6.5-7.5 lakh.

The petrol variant of the car starts at Rs.6.55 lakh and goes up to Rs.7.31 lakh, while the diesel version is priced between Rs.7.87 and 9.02 lakh.

'The Verna Transform will boost Hyundai's already superior line-up of products,' said Arvind Saxena, sales and marketing director, HMIL.

The petrol variant comes with a 1.6 litre engine and promises to deliver 15.5 km a litre in the city. The diesel Transform has a 1.5 litre engine and comes with a four-speed automatic transmission as well.

The new Verna Transform is available in six colours - crystal white, stone black, sleek silver, blushing red, deep ocean blue and champagne gold.

Canara Bank has announced the recruitment for 700 Investment Officers on contract basis. The registration opened on June 22 and will be closing on July 10. Interested candidates will have to apply online within the mentioned time. The tentative date for the written examination has been announced as September 5 this year.

The candidates will be recruited on a state/union territory basis. A candidate is allowed to apply for only one state or union territory within India and his placement will be made within that territory itself. The bank will select the candidates on the basis of the written examination and also the IRDA License examination that they will have to pass thereafter. The provisionally selected candidates will only be selected finally if they get their IRDA License within the period mentioned by Canara Bank.

The bank’s official website has provided in the detailed advertisement that the candidates should preferably be an MBA with a flair for marketing of Mutual Funds, Insurance and other financial products and also be well versed in the language of the state he/she is applying for. The challan that can be downloaded from the website needs to be paid at any of the bank’s branches, The application fee for the SC/ST/PWD category candidates is Rs.50 and for the general candidates it is Rs.300. After paying the application fee at the Canara Bank branch the candidates are required to fill up the complete application form online with the help of the codes given by the bank. The candidates should also retain a copy of the challan which they will need to produce during the time of the written examination.

India's Sania Mirza-Malik was beaten in straight sets in the first round of the women's singles on the opening day of the all-England lawn tennis championships at Wimbledon on Monday.
Sania, ranked 111, lost 4-6, 1-6, to 54th ranked German Angelique Kerber after a flourishing start in a late match.

Sania, returning to circuit after nursing a wrist injury for nearly three months, clearly looked out of sorts as she had very little preparation heading into the Grand Slam event.
The Indian, who during the break from tennis married former Pakistan cricket captain Shoaib Malik, lost in the second round in the warm-up tournament at Birmingham and then failed to make it to the main draw at Eastbourne.
Sania started breaking Kerber in the first game of the match, but that advantage was nullified as she herself dropped serve twice to lose the first set.
The German thereafter hardly looked like relaxing her stranglehold on the match as made Sania realise that she needs to do much more if she has to make headway on the circuit.
The Indian kept making simple unforced errors and from 17 in the first set they mounted to 31 by the time the German closed out the match.
Sania's continued to have trouble with her serve and that compounded her woes as she could not even get half of her first serves in.
Sania will now have to concentrate on doubles with her Danish partner Caroline Wozniacki.
Their opening round opponents are Anne Keothavong and Melanie South of Great Britain.

General Stanley McChrystal was reportedly called back to the United States earlier today, Fox News reports, ‘for a face-to-face meeting with President Obama after issuing an apology Tuesday for an interview in which he described the president as unprepared for their first meeting.’

In the interview with Rolling Stone McChrystal also criticized Ambassador Karl Eikenberry, saying he felt “betrayed” by his diplomatic partner.

McChrystal’s comments are reverberating through Washington and the Pentagon after the magazine depicted him as a lone wolf on the outs with many important figures in the Obama administration. It characterized him as unable to convince some of his own soldiers that his strategy can win the nation’s longest-running war and dejected that the president didn’t know about his commendable military record.

The article, written by a journalist who was allowed to travel with McChrystal and his inner circle for weeks, further states that although McChrystal voted for Obama, the two failed to connect from the start. The president apparently even called McChrystal “on the carpet” for “speaking too bluntly about his wish for more troops.” Darn those generals who are determined to win wars even when politicians are trying to surrender without losing face!

In any case, the interview caused quite a stir. So much even so, that McChyrstal felt forced to apologize earlier today saying: “I extend my sincerest apology for this profile. It was a mistake reflecting poor judgment and should never have happened.”

He has now been called back. We will remain on top of this story, more to come later.

UPDATE

CNN reports that the general and his aides were apparently caught making fun of Vice PresidentJoe Biden. Although it’s clear to anyone with half a brain that Biden certainly is an idiot, a general doesn’t have the luxury to say so out loud, especially not when in the company of journalists and on the record.

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The Haryana Urban Devolopment authority has announced the draw results of Sirsa, KAlanwali, Dabwali and Ellenabad on 21-6-2010.

The links to check the results are provided below, the below files are in pdf format and you need to have a Adobe Acrobat to view them.

The draw for allotment of residential plots in Sector 2, 56, 56-A, 62, 64 and 65 of Faridabad and Sector 2 of Palwal was held at the Sports Complex, Sector 12, Faridabad today.

More than 2.5 lakh peoplehad applied for residential plots in Faridabad about six months ago.

Registration No. of Schemes.

Draw Result

Result of  Sirsa, Kalanwali,Dabwali, Ellenabad (All Categories) (21-6-2010)

According to Marinews
“Though, HUDA had invited application for allotment of residential plots in 16 townships of Haryana, Faridabad topped the list with about 2000 residential plots announced for allotment. The scheme commenced on November, 06, 2009 and the bookings ended on 5th of January, 2010.”

“The highest rate per square metre was in Sector 56 and 56 A where the price had been fixed at Rs 10,763 in 1 kanal (traditional unit of land, roughly .125 acres) category followed by Rs 9,900 in 1 kanal, 14 marla (20 marlas make a kanal) and 10 marla categories in Sector 2. The lowest rate is Rs 5,580 per square metre for six marla category in Sector 64.”

Saina Nehwal won the Singapore Open Super Series title after beating the Chinese player Tzu Ying Tai. She was delighted on her second championship win in two consecutive years. She won the Indonesian Open last year. She is currently at the number six spot in the world ranking. Her recent victory has created a wave of joy in India as all her fans are very happy on her success. She is just twenty years of age. Saina Nehwal and her father are getting the reward for all the hard work they did.

She was born in the district of Haryana. Her father is a scientist and both her parents were former badminton champions of Haryana. She was very impressed from her parents and she started to take interest in the game. She was taken to a professional badminton coach in Hyderabad by her father and she was included into the students of the coach and he started training her.

YouTube has introduced a new Video Editor to its growing list of features.This is a new tool that will allow users to edit their videos (already uploaded ones, as well as new ones) without the need of a standalone video editing tool .

The feature, which is still being rolled out to YouTube users across the globe, has the ability to edit and add a background music to the video using YouTube's commercial AudioSwap library of licensed songs. The Vide Editor is intended for casual users who would like to spice up their videos without the expertise of professional video editors.

However, in the future we might see a advanced version of this same video editor in Google's Chrome OS as pointed out by CNET.

According to the YouTube Blog, the video editor can, in its current avatar, let users:
Combine multiple videos you've uploaded to create a new longer video
Trim the beginning and/or ending of your videos
Add soundtracks from our AudioSwap library of tens of thousands of songs
Create new videos without worrying about file formats and publish them to YouTube with one click -- no upload necessary
Take a look at this video for a feel of how this thing works

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Columbian pop sensation, Shakira, who made waves recently with her FIFA World Cup song 'Waka Waka', may soon make a debut in Bollywood. The 33-year-old star is in talks with Bollywood music composers Salim-Sulaiman to sing in a yet-to-be-titled film.

Shakira may follow in the footsteps of Australian pop star Kylie Minogue who sang for Oscar-winner A R Rahman in Akshay Kumar starrer 'Blue' last year. Salim-Sulaiman, who collaborated with South African singers in Shakira's World Cup song 'Waka Waka', are in touch with her and says that 'Hips Don't Lie' singer is very willing.

"We are in talks with her management. She seems to be really willing to collaborate and we are hoping a positive response in 5-6 days," Salim Merchant said.

And if everything goes right Salim-Suleman will be recording with Shakira in a month's time. The song would be a Cabaret number with Latin influence in it.

The film will be helmed by Prakash Chadha who last directed Himesh Reshammiya's 'Aap Ka Suroor'. It will mark the acting debut of entrepreneur Sachin Joshi who is also the producer of the film.

Shakira, would be the latest foreign import after Mexican star Barbara Mori seen with Hrithik Roshan in 'Kites'.
Hollywood action star Sylvester Stallone and former Bond Girl Denise Richards also made their Bollywood debut in Akshay-Kareena's Kambakkht Ishq last year.

Mitsubishi Lancer Evo X model will soon be seen on Indian roads. Mitsubishi has decided to sell the car in Indian market through the dealership network already in place thanks to its alliance with Hindustan Motors. The car will be launched in India in the month of July this year under the moniker Evo 10.

It is expected that presently the company will aim at selling 100 numbers of cars in India. Like most high end cars that have made their way into the country, the Evo X will be imported and sold as a Completely Built Unit (CBU). Thanks to this move, prices of the car are expected to start around Rs 30 lakh.

India is likely to get the Mitsubishi Lancer Evo X MR variant, which comes with a 2-litre inline-four turbocharged petrol engine. The engine is capable of pumping out 295 PS at 6500 rpm and 366 N·m  at 3500 rpm, and the car itself comes with learning from Mitsubishi's world rally endeavours including an ultra-high tech four wheel drive system. Other features included at making this an awesome driver's machine are a 6-speed TC-SST automatic transmission with paddle shifts, a road hugging suspension with Eibach springs and Bilstein struts and 18-inch BBS forged alloy wheels. On the comfort and safety side, the car comes equipped with an auto leveling Xenon High-Intensity Discharge (HID) headlamps, Mitsubishi Multi Communication System, leather combination seat trim, heated front seats and hot shot Rockford Fosgate audio system

Direct Tax Code 2011 or New Revised Draft Direct Tax Code Released by Finance Minister Shri Pranab Mukherjee. This new draft direct tax code, which is a document containing changes in Exemptions, Tax slab. This will be a big change to four decades old Income Tax Act.
The Central Government presented a landmark draft for a Direct Tax Code 2011 or New Revised Draft Direct Tax Code. The draft is expected to revolutionize the existing taxation system in India, by changing corporate as well as personal income tax calculation and planning Structures.
According to the discussion paper on the new Direct Tax Code for 2011, “The indicative tax slabs and tax rates and monetary limits for exemption and deductions proposed in the direct tax code will be calibrated while finalizing the legislation”.
The first version of the draft of the new tax code was released in the month of August this year and this is the new and revised version of the same. The new direct tax code is expected to be introduced in the Indian Parliament in the next session.
The new DTC would also explore financial areas of concern like wealth tax, pensions, money from gratuity, Special Economic Zones (SEZs),transfer pricing rules and taxes on charitable organizations, among others.

Bangalore was pretty much invaded by Bollywood and TV stars over the weekend.

Misti Mukherjee got a bunch of her filmi and telly buddies to come to town to inaugurate a spa — over the course of two days! Ritesh Deshmukh, Aftab Shivdasani, Sonu Sood, Ashish Chaudhary and Randeep Hooda all stopped by, and Sohail Khan formally inaugurated the spa. We also spotted Rohit Roy, Tushar Jalota, Manik Soni and several other people enjoying the special, starry treatment they got

The following cinemas are offering advance booking: inox Chennai, pvr cinemas, sathyam cinemas, ticketnew, abirami Sangam, Padmam and TheCinema.
All of these cinemas are offering advance online booking and customers can reserve their seats online. They can also choose many other facilities also like they can choose the seat of their own choice and they can pay online for their favorite drink as well.
Those, who are searching for Inox Chennai to book their online seats, should visit the following link:

http://www.inoxmovies.com/.

Inox is one of the biggest and most famous cinema halls in Chennai and it is the place where fans prefer to go and watch movie along with their friends and family members. Sangam Cinema, on the other hand, is another big giant screen which contains 1080 seats including 106 Executive class seats, 196 corporate class seats, 658 Silver class seats and 126 Budget class seats. For Sangam, you can visit the following link .
www.sangamcinemas.com. Padmam has 563 seats and Roopam has 363 seats respectively. Roopam has 48 Executive Class seats while Padman has 44.

NABARD or National Bank for Agriculture and Rural Development is going to fill-in 170 new vacancies. NABARD Recruitment 2010 notification has been posted on the official website of the Bank and a direct link to the recruitment section is provided below for reference.

For NABARD Recruitment notification 2010 for Assistant Managers: Click Here

The online registration for the job began on June 14 and the last date of closing of online registration is July 12, 2010. The last date of payment of fees is also July 12 and the date of examination is August 22, 2010.

The recruitment incluse post in various positions and levels in the branches of the NABARD or National Bank for Agriculture and Rural Development. Please refer the complete recruitment notification released on the NABARD website for the details (link provided above).

A discussion paper on the new revised Direct Tax Code for 2011 has been unveiled by the government on Tuesday. The new Direct Tax Code is expected to make a lot of changes in the corporate as well as personal income tax calculation and planning.

According to the discussion paper on the new Direct Tax Code for 2011, “The indicative tax slabs and tax rates and monetary limits for exemption and deductions proposed in the direct tax code will be calibrated while finalizing the legislation”.

The first version of the draft of the new tax code was released in the month of August this year and this is the new and revised version of the same. The new direct tax code is expected to be introduced in the Indian Parliament in the next session.

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With World Cup Football frenzy gripping online users, micro-blogging site Twitter has warned of possible outages due to heavy traffic during the event.

Twitter has been grappling with many site problems in the past week, resulting in outages and poor performance.

“As more people turn to Twitter to see what’s happening in the world (or in the World Cup), you may still see the whale when there are unprecedented spikes in traffic,” one of the engineers at the micro-blogging site, Jean-Paul Cozzatti, said in a blog.

When the site is down, a whale appears on the Twitter site, generally accompanied by a message requesting users to try after sometime.

During the World Cup tournament, a significant surge in activity on Twitter is expected, according to the blog posted on June 11.

“While we are making every effort to prepare for that surge, the whale may surface,” Mr. Cozzati noted.

Last week, Twitter experienced several incidences of poor site performance and a high number of errors, which was due to “over-capacity” in one of its internal networks.

Going by estimates, Twitter has over 75 million users worldwide.

To avoid problems in the coming days, the blog said that Twitter has doubled its internal network capacity, apart from rebalancing the traffic to redistribute the load.

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