Weekly News:Weekly News:1111thth Oct – 16 Oct – 16thth Oct, 2010 Oct, 2010

Compiled by:Compiled by:

Taranpreet KaurTaranpreet Kaur

Mba-2(A)Mba-2(A)

After Mahindra's $10 mn, Tata After Mahindra's $10 mn, Tata donates $50 mn to Harvarddonates $50 mn to Harvard

Tata Group has given America's prestigious Harvard Tata Group has given America's prestigious Harvard Business School a $50 million donation, the largest Business School a $50 million donation, the largest gift the school has received from an international gift the school has received from an international donor in its 102-year history. donor in its 102-year history.

Earlier this month Anand Mahindra, head of Earlier this month Anand Mahindra, head of Mahindra Group, gave $10 million to Harvard where Mahindra Group, gave $10 million to Harvard where he earned his undergraduate and master's degrees.he earned his undergraduate and master's degrees.

The funds will be used to build a new academic and The funds will be used to build a new academic and residential building on the school's campus in Boston.residential building on the school's campus in Boston.

CWG: Al-Qaeda planned attacks CWG: Al-Qaeda planned attacks on Oct 12, 13on Oct 12, 13

The unprecedented security across the Capital might have The unprecedented security across the Capital might have inconvenienced Delhiites, but its aim was to prevent al-inconvenienced Delhiites, but its aim was to prevent al-Qaida and Lashkar-e-Taiba (LeT) from carrying out Qaida and Lashkar-e-Taiba (LeT) from carrying out deadly attacks through `multiple shoot-outs' targeting the deadly attacks through `multiple shoot-outs' targeting the Commonwealth Games village, sports venues and a five-Commonwealth Games village, sports venues and a five-star hotel specifically on October 12 and 13. star hotel specifically on October 12 and 13.

The plan was to sneak in a number of jihadis The plan was to sneak in a number of jihadis simultaneously through Indo- Nepal or Indo- Bangladesh simultaneously through Indo- Nepal or Indo- Bangladesh borders or from across the India's western border. There borders or from across the India's western border. There was also intelligence input that some others would come was also intelligence input that some others would come from West Asia, using legal channels through proper from West Asia, using legal channels through proper visas. visas.

US Air Force's 'secret' space US Air Force's 'secret' space shuttle goes missing againshuttle goes missing again

The X-37B - 'secret' space shuttle of US Air Force The X-37B - 'secret' space shuttle of US Air Force has gone missing again and rumours are abound that has gone missing again and rumours are abound that it may have landed somewhere. it may have landed somewhere.

The X-37B has been orbiting the Earth for 173 days The X-37B has been orbiting the Earth for 173 days since its launch on April 22 and has captured the since its launch on April 22 and has captured the imagination of sky-watchers, military experts and imagination of sky-watchers, military experts and conspiracy theorists worldwide. conspiracy theorists worldwide.

Some reckon its purpose is to ferry spy satellites into Some reckon its purpose is to ferry spy satellites into orbit and others, it may signal the start of the orbit and others, it may signal the start of the weaponisation of space.weaponisation of space.

Punjab finance minister, Punjab finance minister, Manpreet Singh Badal sackedManpreet Singh Badal sacked

Punjab Finance Minister Manpreet Singh Badal was Punjab Finance Minister Manpreet Singh Badal was on Wednesday dismissed from the ministry headed on Wednesday dismissed from the ministry headed by his uncle, Chief Minister Parkash Singh Badal . by his uncle, Chief Minister Parkash Singh Badal .

The finance minister was dropped from the ministry The finance minister was dropped from the ministry owing to his recent statements regarding the Rs.700 owing to his recent statements regarding the Rs.700 billion (Rs.70,000 crore) debt on the state. billion (Rs.70,000 crore) debt on the state.

He had demanded that the ruling Shiromani Akali Dal He had demanded that the ruling Shiromani Akali Dal do away with subsidies and freebies like free power do away with subsidies and freebies like free power to farmers to wriggle the state out of a debt trap. to farmers to wriggle the state out of a debt trap.

Google king of online ads but Google king of online ads but Bing a contender: SearchIgniteBing a contender: SearchIgnite

Industry tracker SearchIgnite said that Google has Industry tracker SearchIgnite said that Google has tightened its powerful grip on US internet advertising tightened its powerful grip on US internet advertising revenue but a Bing- Yahoo! alliance is fielding a revenue but a Bing- Yahoo! alliance is fielding a viable challenge. viable challenge.

Google's share of spending on pay-per-click (PPC) Google's share of spending on pay-per-click (PPC) advertising at online search services grew to 80 advertising at online search services grew to 80 percent in the third quarter of this year while Bing percent in the third quarter of this year while Bing claimed 6.4 percent and Yahoo!'s portion slipped to claimed 6.4 percent and Yahoo!'s portion slipped to 13.4 percent. 13.4 percent.

China aims to become worlds China aims to become worlds second largest film market by second largest film market by

20152015 Rapidly expanding its theatres and film Rapidly expanding its theatres and film

infrastructure, China aims to become the infrastructure, China aims to become the world's second-largest movie market by 2015, world's second-largest movie market by 2015, next only to India. next only to India.

The Chinese box office hit 4.84 bn yuan ($ The Chinese box office hit 4.84 bn yuan ($ 726 million) in the first half of the year, up 86 726 million) in the first half of the year, up 86 percent from a year earlier.percent from a year earlier.

IIMs given freedom to set up IIMs given freedom to set up centres in India, abroadcentres in India, abroad

The Centre has decided to unshackle Indian Institutes The Centre has decided to unshackle Indian Institutes of Management (IIMs) by giving them freedom to set of Management (IIMs) by giving them freedom to set up centres within the country and abroad. up centres within the country and abroad.

This is one of the slew of decisions announced by the This is one of the slew of decisions announced by the human resource development ministry to give greater human resource development ministry to give greater autonomy to the business schools. At the same time, autonomy to the business schools. At the same time, HRD minister Kapil Sibal stressed that greater HRD minister Kapil Sibal stressed that greater autonomy must be accompanied by commensurate autonomy must be accompanied by commensurate accountability. accountability.