IIIT-Hyderabad Unveils Report on Demand for Expertise in Disruptive Technologies Among Technology Professionals

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The data was collated and analysed in association with TalentSprint

Summarizes program applicant data to highlight how technology professionals are gearing up to acquire the latest AI/ML expertise in Hyderabad

IIIT-Hyderabad in association with TalentSprint unveiled a report on Demand for Expertise in Disruptive Technologies among Technology Professionals. The report showcases trends among working professionals in Hyderabad on how they are gearing up to acquire expertise in the latest AI/ML technologies.

(Logo: http://mma.prnewswire.com/media/600789/IIIT_Hyderabad_Logo.jpg )
(Photo: http://mma.prnewswire.com/media/623426/Dr_PJ_Narayanan_IIIT_Hyderabad.jpg )

An analysis of applicant data reveals four key insights. First, professionals with more than five years in the industry are keen to upgrade themselves. Second, there is a rising demand for AIL/ML programs from professionals working in the IT services sector. Third, start-ups and small companies are embracing disruptive technologies rapidly. Fourth, women professionals and young professionals with less than five years of experience are not sufficiently aware of the need to acquire new expertise.

A recent NASSCOM report mentioned that many jobs which are available today may cease to exist in the next five years. Therefore, there is an immediate need to acquire new expertise in disruptive technologies.

According to Dr. P.J. Narayanan, Director, IIIT-Hyderabad, “The IT industry is perhaps seeing an unprecedented churn which was not anticipated earlier. As the industry faces renewed challenges, we need to create an ecosystem to promote and propagate new disruptive technologies such as AI/ML which are set to take center stage within the next five years.”

Wall Street Journal has predicted that Artificial Intelligence is the next Industrial Revolution. Thus, current technologies like Artificial Intelligence, Machine Learning and Deep Learning are fundamentally altering the workings of software and services companies. Start-ups and leading technology companies are embracing AI/ML technologies to stay ahead of the curve. But there still remains a huge gap in terms of talent and expertise, largely because of a historical focus on cost arbitrage, rather than cutting-edge innovation.

Some interesting insights in the report are:

– 33% applicants have over 10 years of work experience. This suggests there is now an urgency among senior professionals to acquire expertise in emerging technologies.

– 73% applicants are from IT services companies. This suggests that disruptive technologies like AI/ ML are possibly already starting to impact these companies.

– 44% applicants are from start-ups and small companies. This suggests that these companies are early adopters of the AI/ML wave.

– Women and young professionals are still not adequately aware of the acute need to acquire expertise in disruptive technologies.

Dr. Santanu Paul, MD and CEO, TalentSprint said, “Analysis of the data validates facts that were known for a while. Today, mid-level professionals are at an important crossroad and vulnerable in the face of automation. They have understood that only new expertise will add new value to their careers. What is also important is that we encourage more women as well as young professionals to achieve mastery in AI/ML.”

IIIT-Hyderabad’s Foundations of Artificial Intelligence and Machine Learning are being offered in association with TalentSprint. The first cohort of 400 professionals will commence their program on January 6, 2018.

About the International Institute of Information Technology Hyderabad

The International Institute of Information Technology, Hyderabad (IIIT-H) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through inter-disciplinary research that has a greater social impact. It has established itself as a research institute enabled by strong undergraduate and graduate programs. The institute has large research centers in language technologies, visual technologies, data engineering, security and algorithms.

Happy New Year President Trump

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Happy New Year Jerusalem – A four-storey digital billboard in Jerusalem at the Friends of Zion Heritage Center says it all. “Thank you President Trump you’re making Israel Greater”. No president in history has ever built such an alliance for the State of Israel and the Jewish people, and no president has courageously stood up for the State of Israel on the global stage as President Trump.

For over 700 million evangelical bible believers globally, Trump is an answer to a prayer.

In December, President Donald Trump received the Friends of Zion Award from Dr. Mike Evans in the oval office at an event attended by Vice President Pence, Senior Advisors Jared Kushner and Ivanka Trump and faith leaders representing over 150 million Christians globally.

When Vice President Pence comes, he will have a ‘royal welcome’ with over 110 billboards, buses, and even camels.

Evans has been mobilizing his 31 million followers to influence world leader to stand with Israel and Jewish people and recognize Jerusalem as Israel’s capital. The objective is to have as many other states join Guatemala’s Evangelical President Morales and follow President Trump’s declaration and move their Embassies to Jerusalem.

The Friends of Zion Museum is involved in these historic declarations in many respects including a massive international campaign, which supports President Trump and President Morales for this historic recognition of Jerusalem.

Every world leader that says “yes” will receive the Friend of Zion Award said Mike Evans who gave the Friends of Zion award to President Donald Trump in the oval office this month.

President Trump’s historic declaration regarding Jerusalem takes its place as one of Israel’s historic millstones from the Balfour Declaration to President Truman’s acceptance of Israel into the family of nations. These heroes presented in the Friends of Zion Museum in Jerusalem tell the stories of characters throughout history that have stood by the Jewish people and helped establish the State of Israel. These non-Jewish Zionists are engraved in history and millions of people worldwide have learned of their heroism thanks to the groundbreaking work of Dr. Evans and the Friends of Zion Museum.

The Friends of Zion Heritage Center has become one of the central institutions in the State of Israelinfluencing the world and strengthening Israel’s relations globally while fortifying the pillars of the State of Israel. In addition to more than 31 million members globally the museum has hosted over 100 diplomats such as US Amb. David Freedman, President Rivlin, tens of thousands of Christian and Jewish leaders, NBA and NFL superstars, leading Hollywood actors and singers and is has become a must see site in Jerusalem.

Friends of Zion Museum, 20 Yosef Rivlin Street, Jerusalem. A reservation is recommended for museum visits.

Whirlpool Corporation among top-ranked companies in 2017 Newsweek Green Rankings

Business

Whirlpool Corporation has risen in the Newsweek Green Rankings to 50 and 82 on the national and global lists respectively. The rankings assess the environmental performance of the largest publicly traded companies in the U.S. and the world. This year, Whirlpool Corporation was classified as a “top-ranked company,” a designation awarded to fewer than 100 companies on either list.

“The people at Whirlpool Corporation continuously strive to protect the planet by being more efficient in how we build innovative products that consume less energy,” said Ron Voglewede, director of global sustainability for Whirlpool Corporation. “This distinction is a testament to our commitment to sustainability, which spans our supply chain and sustainable material sourcing initiatives, to our goal of sending zero waste to landfills, and manufacturing products that have a low environmental impact for consumers to use in their own homes. We are proud of all we continue to achieve in sustainability initiatives corporation-wide.”

Earlier this year, Whirlpool Corporation released its 2016 Sustainability Report, highlighting the company’s current sustainability programs and accomplishments. With goals to increase sustainable practices, Whirlpool Corporation exceeded its own objectives to reduce both energy and water intensity from manufacturing by 15 percent. Those goals were met three years ahead of the original goal of 2020.

Whirlpool Corporation also completed construction on wind farms at its Ottawa and Marion, Ohio plants with future plans to construct additional turbines at the Company’s plants throughout the U.S. Once construction at the Ottawa and Marion, Ohio plants is complete, Whirlpool Corporation expects to be one of the largest users of on-site wind energy of any Fortune 500 company in the U.S.

Newsweek Green Rankings is one of the most recognized assessments of the world’s largest publicly traded companies when it comes to environmental performance. Both the U.S. and global lists take the following factors into account: Energy Productivity, Greenhouse Gas (GHG) Productivity, Water Productivity, Waste Productivity, Green Revenue, Sustainability Pay, Sustainability Board Committee and Audited Environmental Metrics. Monetary Fines and Potentially Harmful Products or Services may deduct from a company’s final score.

Click here to see the 2017 Newsweek Green Rankings of U.S. companies.

Click here to see the 2017 Newsweek Green Rankings of global companies.

Click here to access the complete 2016 Whirlpool Corporation Sustainability Report.

About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the number one major appliance manufacturer in the world, with approximately $21 billion in annual sales, 93,000 employees and 70 manufacturing and technology research centers in 2016. The company markets WhirlpoolKitchenAidMaytagConsulBrastemp,AmanaBauknechtJenn-AirIndesit and other major brand names in nearly every country throughout the world. Additional information about the company can be found at WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.

About Newsweek
Newsweek is a premier news magazine and website that has been bringing high-quality journalism to readers around the globe for over 80 years. Newsweek provides the latest news, in-depth analysis and ideas about international issues, technology, business, culture and politics. In addition to its online and mobile presence, Newsweek publishes weekly English print editions in the United StatesEurope/Middle East/Africa and Asia as well as editions in Japanese, Korean, Polish, Serbian and Spanish. Newsweek is owned by Newsweek Media Group. For more information, visit: newsweek.com or newsweekgroup.com

 

6 European doctors came to West China Hospital, Sichuan University to learn world’s first single-direction VATS lobectomy technique

Health

Recently, 6 senior thoracic surgery physicians from UK, Germany, and Netherland visited West China Hospital to learn minimal invasive thoracic surgery techniques, especially the world’s first single-direction VATS lobectomy technique developed by Professor Liu Lunxu. This training session serves as the first surgical technique training program opened by West China Hospital to thoracic surgery physicians from advanced European countries.

During this one-week program, the minimal invasive VATS lecturer team, led by Professor Liu Lunxu from thoracic surgery department of West China Hospital, Sichuan University, designed an elaborative training scheme. Various teaching methods were adopted, including thematic courses given completely in English, case and therapeutic schedule discussion, practical surgery observation and communication, and teaching rounds, thus allowing the European physicians to master key technical points and standard clinical diagnosis and treatment paths.

Doctor Liu Lunxu, the lead lecturer, is the director of thoracic surgery department of West China Hospital, mainly dealing with studies on integrated clinical treatment solutions for lung cancer and their application basis, minimal invasive thoracic surgeries and application basis, and clinical lung transplantation. He acts as the head supervisor for one National Natural Science Fund, principal investigator for five National Natural Science Funds, and the leader of six provincial and international cooperation (CMB) programs. In 2011, through efforts for nearly ten years, Liu Lunxu invented a novel modern medicine technique: single-direction VATS lobectomy, which won the first prize by unanimous vote in the annual Provincial Scientific & Technical Advancement Award.

Great significance of single-direction VATS lobectomy

Lung cancer is the No. 1 lethal factor in China and a major threat to health of Chinese people. So far surgical treatment of lung cancer has been mainly achieved by means of lobectomy that can take the form of either thoracotomy or thoracoscope (VATS). The traditional thoracotomy surgery tends to lead to severe wound and a lot of complications. In contrast, minimal invasive VATS surgery features smaller wound, more rapid recovery, and fewer complications, which add up to a promising long-term efficacy. However, due to lack of mature VATS lobectomy and lymph node dissection techniques, it is difficult to handle haemorrhage during a VATS operation. Due to this reason, development of VATS has been slow for a long time.

In 2006, a team of West China Hospital, Sichuan University led by Professor Liu Lunxu invented the first single-direction VATS lobectomy across the globe. The critical point of the technique is described as follows: The dissection starts from the most superficial structures at the interface between lungs and the heart without touching the pulmonary parenchyma (the single-point concept). The lung hilum structures are treated in order from shallow to deep ones, and the resection is therefore completed progressively along one direction (the single-direction concept).

A “non-gripping monobloc mediastinal lymph node dissection technique” was developed for VATS as a critical innovation. It provides the advantages of fewer devices required for operation, clearer operative field view, and less lymph node disruption. The team also developed aspirator-guided electric hook sharp dissociation technique and endoscopic bleeding handling technique, thus forming a complete minimal invasive poeumosurgery system.

Comparison of operation results with international data in the same period: The operation time is shorter by 35%. The blood loss is lower by 66%. The transit thoracotomy rate is 2.6% versus 8.1%. The complication rate is 13.3% versus 20.2%. The five-year survival rate of Stage I lung cancer patients is 83.8% versus 73.5%.

Thanks to this innovation, lung cancer VATS that was previously known as a difficult and risky operation has now become more simple and easier to learn. It has therefore gained great popularity across the nation and used in 32 provinces, autonomous regions, and municipalities. This technique has been introduced by over 90% large general hospitals and became a mainstream operation method, leading to higher medical treatment efficiency, significant saving of medical resources, and great benefits to the patients.

18,000 Hot Dogs, 65,000 Beers, and 1,000 Volunteers: SodexoMAGIC Reveals What It Takes to Feed More Than 90,000 Fans at Rose Bowl Stadium on January 1

Food

SodexoMAGIC, a partnership with Magic Johnson Enterprises and Sodexo, a food services and facilities management company, is lifting the curtain on how it prepares to serve 90,000 fans on New Year’s Day. SodexoMAGIC provides concessions at the Rose Bowl Stadium year-round.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8245751-sodexo-magic-rose-bowl-stadium/

Fans can expect game-day favorites on January 1 like big pretzels and beer along with signature Rose Bowl dishes, such as the Granddaddy Dog – a quarter-pound hot dog topped with mac-n-cheese, pulled pork, bacon and barbecue sauce – and Farm to Fan Nachos – house-fried chips, seasoned beef and three locally-made salsa toppings. This year, two specialty burgers representing each team will be featured on the menu and all are encouraged to vote for their favorite team burger at @SodexoUSA.

This year, SodexoMAGIC expects to sell:

  • 65,000 bottles and cups of beer
  • 18,000 bottles of water
  • 18,000 hot dogs, including 1,500 Granddaddy Dogs
  • 15,000 souvenir cups with team logos
  • 7,500 big pretzels
  • 4,700 nachos, including 1200 Farm to Fan Nachos

“SodexoMAGIC is proud to partner with the Rose Bowl Stadium to provide a spectacular fan experience for the 90,000 people who come to cheer on their favorite football team,” said Kevin Hengehold, SodexoMAGIC General Manager at the Rose Bowl Stadium.

The driving force behind the event is the dedicated staff and volunteers. In addition to 300 staff, SodexoMAGIC coordinates with nearly 1,000 volunteers from local high schools, churches and community groups to help sell concessions and raise money for their organizations. SodexoMAGIC has earmarked a percentage of its game-day sales for charity, resulting in nearly $100,000 in donations per game to community groups – around $600,000 annually. Additionally, SodexoMAGIC has partnered with Pasadena Hot Meals for the past seven years to deliver food after each stadium event to people in need within the community.

SodexoMAGIC is a partnership with Magic Johnson Enterprises, owned by Earvin “Magic” Johnson, and Sodexo USA. It was formed in 2006 to empower communities with best-in-class food and facilities management solutions, including menus drawing on the expertise of Celebrity Chef G Garvin and healthy solutions from health expert and author Dr. Ian Smith. SodexoMAGIC recently celebrated a 10-year anniversary and boasts nearly 5,000 employees located across 49 clients and 1600 sites.

Sodexo USA is an American business that is part of a global, Fortune 500 company with a presence in 80 countries. Delivering more than 100 services across North America that enhance organizational performance, contribute to local communities and improve quality of life, Sodexo is a leading provider of sustainable, integrated facilities management and food service operations. It employs 123,000 Americans at 12,500 sites across the country and indirectly supports tens of thousands of additional U.S. jobs through its annual purchases of $9.2 billion in goods and services from small to large American businesses. In support of local communities across the U.S., the Sodexo Stop Hunger Foundation has contributed close to $30 million over the past 20 years to help feed children in America impacted by hunger.

Learn more about Sodexo USA at its corporate blog, Sodexo Insights.

 

Honor 7X Becomes Amazon.in No. 1 Seller During Christmas

Business

Honor 7X named best-seller on Amazon.in

Extends Open sale till January 05

Honor X series sells 40 million units worldwide

Honor, Huawei’s e-brand for digital natives, announced that the Honor 7X became the No. 1 Seller on Christmas on Amazon.in and because of this stellar response, the company has decided to extend the open sale for the Honor 7X till January 05. Receiving an overwhelming demand during the festive week, Honor has decided to further extend the open sale by seven more days till January 05 exclusively on Amazon.in.

The Honor 7X, priced at just Rs. 12,999 (for 32GB Version) and Rs. 15,999 (for 64GB Version), was launched at an event in London and has sold over 40million since its launch in early November. The Honor 7X offers true value for money and the attractive price tag coupled with best-in-class features generated a lot of attention from fans all over the globe. Honor is also proud to announce that their X-series (Honor 4X, Honor 5X, Honor 6X and Honor 7X) have achieved over 40 million unit sales in the global market with the Honor 7X being recognized as the best-seller during the Christmas week sales on Amazon.in. Another testament of Honor’s success both in India and the world.

“After the tremendous demand received on the Amazon’s Xmas sale, we have decided to extend our open sale for the Honor 7X. We are truly humbled with the response received by our fans in India. The Honor 7X will now be available with attractive partner offers via open sale model till January 05, 2018. This is the perfect time for all those who have been waiting to get their hands on the device,” said Mr. P Sanjeev, Vice President Sales, Huawei India – Consumer Business Group.

Overall, Honor 7X is an outstanding mid-range smartphone, packed with advanced specifications. And now with flash sales in association no cost EMI with Axis, Bank, Citibank and HDFC Bank (Credit) the Honor brand is providing monetary benefits along with 90GB Airtel data, and 80% off on eBooks up to INR 300 on the Kindle app. *T&C apply.

Honor 7X has been hailed as one of the best devices of the year, giving optimal performance at economical price. This well-rounded phone provides one of the highest screen to body ratio with a fancier display- packing a massive 5.9″ screen in a sleek body. It gives an immersive visual experience along with picturesque portrait like photographs. Honor 7X device sports a dual-lens 16MP + 2MP rear camera supported by a phase detection autofocus and LED flash. Accompanied by special filters and ‘Effects’ function, amateur photographers too can stand out on social media with superior quality images.

Overall, Honor 7X is an outstanding mid-range smartphone, packed with advanced specifications. A complete package, without burning a hole in the pocket- Honor 7X is the ultimate smart buy of the season.

Amazon link: https://www.amazon.in/honor-7x/b?ie=UTF8&node=14314977031

About Honor:

Honor is Huawei’s Smartphone e-brand which is also world’s leading smartphone e-brand. The target consumers of Honor are digital native generation, a group that live in the internet, spending more than one-third of their time online for social and entertainment, shopping, studying or simply staying connected. Honor customers are young, vibrant and driven by passion. Honor brand has clocked sales of over 20 million honor phones in 2014, accounting for a global revenue of about 2.4 billion USD with a 24 times increase and closed 2015 with 6 Bn global sales. Honor has been expanding aggressively in global markets and has successfully launched in 74 global markets, entering the bestselling charts in most of the European countries honor launched. Accordingly, Honor obtains a huge user base which has yielded powerful mouth-spreading asset. Honor products also enjoy global aesthetics, super processing technology and massive patent support. The three basic characteristics of Honor product: best signals, long battery life, and remarkable quality. Honor is born for ultimate tech innovation.

China Construction America Sued in New York State Court for Engaging in Massive Fraud, Malicious Acts of Deceit and Interference, Breaches of Contract and Other Wrongdoings

Real Estate & Development

-Could Be Exposed to Billions of Dollars in Liability-

-Claims Relate to China Construction America’s Wrongdoings in the Baha Mar Resort Project in The Bahamas-

– China Construction America Has Expanded its Business Noticeably in the New York Metropolitan Area as well as Other Parts of the United States, including South Carolina, and Both the Americas and Caribbean over the Last Several Years-

PR Newswire

NEW YORKDec. 26, 2017 /PRNewswire/ — China Construction America, Inc. (“CCA”) and various related business entities have been sued in New York State court for, among other wrongdoings, engaging in massive fraud, malicious acts of deceit and interference, and breaches of contract as part of a multi-year self-enrichment scheme related to the Baha Mar Resort project (the “Project”) in The Bahamas. The lawsuit, filed by the project’s original owner, BML Properties Ltd., exposes CCA’s ongoing and intentional misconduct. As a result of the court action, CCA may face over $2.25 billion in liability for misleading and defrauding BML Properties and depriving it of its investment.

According to the lawsuit, it was CCA’s larger intent and financial interest to establish this Project as a beachhead in the Americas and the Caribbean, train its unqualified workers and staff in order to obtain and then construct other projects throughout the Americas and Caribbean, and submit sham billings for hundreds of millions of dollars as the contractor and construction manager of the Project. Combined with CCA’s fraudulent and deceptive understaffing, CCA’s malicious conduct doomed the Project to failure.

As shown in the lawsuit, in stark contrast to their documented failure at Baha Mar, CCA has claimed success in the U.S. market. CCA has been the prime contractor on massive building projects in New Yorkfunded by private entities and by the state government and municipalities in New York.  CCA touts “project highlights” in New York, including: New York’s City Hall, the Alexander Hamilton Bridge, the 11 Times Square Office Building, the Brookfield Place Winter Garden Glass Pavilion, and Buildings 92 & 77 at the Brooklyn Navy Yard. CCA also has undertaken public works projects in South Carolina. CCA has offices in Albany, New York, a mere three blocks from the state capitol, in order to carry out CCA’s government relations and lobbying.  CCA’s “Strategic Capital” invests in New York real estate and recently announced that it is investing in a 170-unit residential tower (including 280,000 square feet of residential and retail development) planned for a lot spanning 110 Charlton St. and 537 Greenwich St, near the Manhattan entrance to the Holland Tunnel.

According to the lawsuit, “the scheme was based on CCA’s efforts to falsely create the appearance that it was working toward an on time and on budget opening in December 2014 while knowingly and fraudulently concealing its real intent not to construct the Project on time and on budget and in the process extort more money than it earned and was due. Starting in 2012, as significant ‘out of the ground’ construction began and the first floors above the foundations were being constructed, CCA knew that it would be unable to build the project on time, on budget and in accordance with the plans and specs because, among other things, it did not have and would not commit to the Project the qualified workforce or sufficiently senior managers needed to meet its representations and obligations. CCA carried out its scheme by a series of knowingly and intentionally false representations, acts of extortion, material failures to disclose, fraudulent acts of concealment, outright sabotage, and lies to the Government of the Bahamas and the Project lender.”

The court documents make clear, “CCA’s entirely undisclosed and fraudulent intent in 2012 and thereafter included a plan to delay ‘opening’ of the Project until it could negotiate its way out of the disputes it knew would arise and concerning which it believed it had material exposure…As the project moved into late 2014 and early 2015, CCA as well undertook to sabotage forward progress of the work, intentionally damage and disable life-safety, security and electrical supply systems to try to compel BML Properties and Baha Mar Ltd. to accede to its demands on sham payment applications and on fraudulent ‘commercial claims,’ stage labor walk-offs when it was already critically delayed in delivering the Project, intentionally slow-down work at the Project (a fact admitted by CCA’s executive at a meeting with the then Prime Minister of The Bahamas in April 2015), and divert equipment and executive and labor effort to its newly purchased competing project just a few miles from the front door of Baha Mar.  Indeed, just 11 days before Baha Mar Ltd. was forced to file for Bankruptcy protection due to CCA’s fraud and malicious conduct, CCA and the then Government of the Bahamas signed an agreement (undisclosed until early 2017), based on what later articles deemed collusion between CCA and the Government, that ratified CCA’s movement of heavy equipment and Chinese laborers from the Project and to CCA’s newly acquired competing Hilton project while CCA was still under contract to finish Baha Mar.”

The complaint asserts, among other wrongdoings, that CCA planned to use the Project as an undisclosed, de facto “training facility” for its ambitious plans to expand throughout the Caribbean and Central and Latin America. Further, the complaint asserts that CCA’s executives and appointees to the board of Baha Mar Ltd. covered up the truth about the Project’s delays, defects, and shortcomings – with the result that the Project missed the December 2014 opening and therefore missed the Winter 2014 through Summer 2015 travel season.

The complaint also asserts that CCA and its affiliated sub-contractors used work-stoppages and slow-downs to improperly pressure BML Properties, and lied about its intent to rapidly increase the number of workers in order to finish the resort even for the delayed March 27, 2015, opening. In actuality, CCA admitted in a January 20, 2015, letter to its superiors that, despite its false claims to have adequate resources, it lacked the manpower to finish the job. The complaint asserts that CCA’s undisclosed intent throughout was to squeeze every dime out of the construction loan, regardless of its ultimate responsibilities to the Project.

The court documents go on to show that:

“CCA’s fraudulent and malicious conduct misled BML Properties into actions BML Properties thought were needed to move toward real progress on the Project, and misled BML Properties into inaction as well, later forcing BML Properties to attempt to mitigate its damage after it was, at that juncture, too late to seek other remedies such as stop work orders, ‘replacement’ of CCA (with the consent of the Project’s lender), [The Export-Import Bank of China – China Eximbank], or other extreme remedies that would have at that point delayed opening well past December 2014 and March 2015, causing the resort to miss the entire 2014-2015 travel season and incur enormous losses.  BML Properties relied on CCA to be truthful regarding its last hope to open in the 2014-2105 season, namely an agreement reached in November 2014 to accelerate CCA’s work in return for an additional $54 million, which unbeknownst to BML Properties CCA never intended to perform and knew when it signed that it could not and would not perform.

“Moreover, there is evidence that a $54 million advance paid in November 2014 to CCA Bahamas was actually diverted by CCA to its own coffers to fund the purchase of the neighboring Hilton Hotel in Nassau, Bahamas. The chronology is telling: (i) CCA’s intended purchase of the Hilton was announced in October 2014; (ii) CCA Bahamas forced Baha Mar Ltd. to pay an advance of $54 million for disputed change orders (believed to be worth significantly less and to be used, CCA said, to pay for subcontractors and labor that allegedly had not been paid) by way of a special payment request submitted in November 2014to China Eximbank, which payment CCA fraudulently extorted because CCA knew that the amounts being paid to it were unearned and undeserved and which completion date was fraudulent since CCA knew the date was unachievable because it did not have the resources to complete by that date; (iii) CCA closed on the Hilton acquisition for the reported sum of $60 million; (iv) also proving that CCA never intended to pay the $54 million to ‘subcontractors and labor that had not been paid’ and thus committing yet another act of fraud, in March 2015 CCA’s Chief Executive admitted that CCA had not used the $54 million advance to pay back-owed subcontractors and labor but rather – he said — had paid it out for ‘overtime.’ However, that in turn was a false (and concealing) statement because CCA did not employ ‘overtime’ on the Project after the advance was paid and missed the March 27, 2015, promised (but late) delivery of the Project (that such ‘overtime’ would have helped achieve).

“Manifesting its complete disregard for the rule of law and its requirements under its contracts, CCA also bought gifts, the reimbursement for which it hid from BML Properties and Baha Mar Ltd. in CCA’s expenses as part of its ‘payment applications’ sent to the Bank on the Project.  CCA even resorted to stealing documents from the Project to accomplish its illicit goals and cover-up its previous reprehensible conduct.”

The complaint against CCA points out: “After China Construction America caused BML Properties’ profound loss, the Project is now operated by Chow Tai Fook Enterprises (CTFE), a Chinese company acquiring (via a secretive and suspect process) the Project from the Chinese lender, China Eximbank.  China Eximbank requested that all files regarding this ‘merger’ transaction be sealed from public access by the Court with jurisdiction over the transaction. As a part of this transaction, BML Properties is informed and believes that CCA received an enormous $145 million bailout characterized as a ‘remobilization fee’ from China Eximbank even though the bulk of CCA’s equipment, materials, and workers remained in the Bahamas after 2015 for use on other projects.  On December 7, 2017, CTFE publicly issued a press release in The Bahamas (apparently still in redline draft), which stated in a section intended to be deletedfrom the release that ‘all construction [by CCA] at Baha Mar has been performed above and beyond satisfactory levels,’ revealing that CTFE is obviously uncomfortable with CCA’s level of performance.  Suffice it to say, the only ‘winner’ regarding the development of Baha Mar has been CCA, and CCA inflicted horrendous losses on BML Properties in its fraudulent scheme to become that winner.”

BML Properties Ltd. is represented by Peter Sheridan of Glaser Weil Fink Howard Avchen & Shapiro LLP and Morrison Cohen LLP.

Pursuant to New York law, complaints are public documents. The link to the filed complaint can be accessed here.

comScore Announces Official Worldwide Box Office Results for Weekend of December 24, 2017

Movies

– comScore is the Trusted Industry Partner of Film Exhibitors and Distributors Across the Globe –

comScore today announced the official worldwide weekend box office estimates for the weekend of December 24, 2017, as compiled by the company’s theatrical measurement services.

As the trusted industry partner for real-time box office reporting, comScore is the only theater-level movie measurement and analytics company providing insights across the world’s largest markets, covering 95 percent of the global industry gross. Using comScore’s suite of movie products, customers are able to analyze admissions and gross results from around the world.

comScore’s Senior Media Analyst Paul Dergarabedian commented, “Disney’s ‘Star Wars: The Last Jedi’ leads the global box office for the second straight week taking in $143.6 million in 55 territories including North America where it added another $68.5 million.  This brings its North American total to $365.1 million and combined with the international revenues of $380.3 million, the worldwide cume is propelled to a massive $745.4 million.”

The top 12 worldwide weekend box office estimates, listed in descending order, per data collected as of Sunday, December 24, are below.

  1. Star Wars: The Last Jedi – Disney – $143.6M
  2. Jumanji: Welcome To The Jungle – Sony – $83.5M
  3. Youth – Multiple – $34.5M
  4. Legend Of The Demon Cat – Multiple – $33.5M
  5. Pitch Perfect 3 – Universal – $30.2M
  6. Ferdinand – 20th Century Fox – $28.6M
  7. Bleeding Steel – Multiple – $27.3M
  8. Along With The Gods: The Two Worlds – Lotte Entertainment – $21.0M
  9. Liquidator, The – Shanghai Film Group – $19.5M
  10. Coco – Disney – $18.5M
  11. Greatest Showman, The – 20th Century Fox – $12.7M
  12. Wonder – Lionsgate – $9.3M

The top 12 domestic weekend box office estimates, listed in descending order, per data collected as of Sunday, December 24, are below.

  1. Star Wars: The Last Jedi – Disney – $68.5M
  2. Jumanji: Welcome To The Jungle – Sony – $34.0M
  3. Pitch Perfect 3 – Universal – $20.4M
  4. Greatest Showman, The – 20th Century Fox – $8.6M
  5. Ferdinand – 20th Century Fox – $7.0M
  6. Coco – Disney – $5.2M
  7. Downsizing – Paramount – $4.6M
  8. Darkest Hour – Focus Features – $4.1M
  9. Father Figures – Warner Bros. – $3.2M
  10. Shape Of Water, The – Fox Searchlight – $3.0M
  11. Wonder – Lionsgate – $2.0M
  12. Star, The – Sony – $1.4M

Full details regarding the global domestic and international box office results are listed in the table below.

Weekend BO Estimate (USD)

Weekend Release Cume (USD)

Distributor

Title

Worldwide

Int’l

Domestic

Worldwide

Int’l

Domestic

Int’l

No. of Terr.*

Domestic

Star Wars: The Last Jedi

143,586,000

75,100,000

68,486,000

745,388,356

380,300,000

365,088,356

DIS

55

DIS

Jumanji: Welcome To The Jungle

83,500,000

49,500,000

34,000,000

100,105,967

49,500,000

50,605,967

SNY

54

SNY

Youth

34,530,000

34,530,000

116,168,780

115,455,000

713,780

MUL

4

CHALION

Legend Of The Demon Cat

33,530,000

33,530,000

33,545,000

33,545,000

MUL

2

Pitch Perfect 3

30,250,000

9,800,000

20,450,000

30,250,000

9,800,000

20,450,000

UNI

15

UNI

Ferdinand

28,550,000

21,500,000

7,050,000

57,132,884

30,600,000

26,532,884

FOX

63

FOX

Bleeding Steel

27,275,000

27,275,000

27,615,000

27,615,000

MUL

5

Along With The Gods: The Two Worlds

21,000,000

21,000,000

21,075,000

21,075,000

LOTTE

1

Liquidator, The

19,475,000

19,475,000

20,230,000

20,230,000

SHFG

1

Coco

18,508,000

13,300,000

5,208,000

486,327,128

325,000,000

161,327,128

DIS

37

DIS

Greatest Showman, The

12,700,000

4,100,000

8,600,000

17,298,731

4,100,000

13,198,731

FOX

4

FOX

Wonder

9,300,000

7,300,000

2,000,000

173,357,750

58,400,000

114,957,750

LGF

67

LGF

Murder On The Orient Express

6,900,000

6,400,000

500,000

311,521,983

212,300,000

99,221,983

FOX

37

FOX

Paddington 2

6,500,000

6,500,000

102,775,000

102,775,000

MUL

15

WB

Steel Rain

6,035,000

6,035,000

18,230,000

18,230,000

NEXENT

1

Downsizing

4,600,000

4,600,000

4,600,000

4,600,000

1

PAR

Darkest Hour

4,205,000

100,000

4,105,000

12,358,077

5,400,000

6,958,077

UNI

2

FOC

Daddy’s Home 2

4,000,000

3,100,000

900,000

167,475,556

68,300,000

99,175,556

PAR

56

PAR

Tiger Zinda Hai

3,635,000

3,635,000

3,635,000

3,635,000

MUL

11

YSHRAJ

Father Figures

3,200,000

3,200,000

3,200,000

3,200,000

1

WB

Papita 2nd Base

3,125,000

3,125,000

15,765,000

15,765,000

CNUN

1

Shape Of Water, The

3,050,000

3,050,000

7,615,665

7,615,665

1

FSL

Justice League

2,755,000

1,700,000

1,055,000

646,678,455

424,000,000

222,678,455

WB

66

WB

Christmas Trees 6

2,610,000

2,610,000

2,610,000

2,610,000

BZLVS

1

Dieses bescheuerte Herz

2,165,000

2,165,000

2,185,000

2,185,000

Constantin

2

*Territory is a movie studio term for regions of the world consisting of various countries.

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Quaker Acquires Remaining Interest In India Joint Venture

Business

Quaker Chemical Corporation (NYSE: KWR) announced that it recently acquired the remaining 45% ownership interest in its India joint venture, Quaker Chemical India Private Limited (QCIL), from its joint venture partner, Asianol Lubricants Private Limited.  QCIL sells products to the steel and metalworking industries in India and has associates based in various locations around India.  Quaker had been a joint venture partner in QCIL for 20 years.

Michael F. Barry, Chairman, Chief Executive Officer and President, commented, “India is a market with strong growth opportunities in most of our business lines.  This acquisition, along with our new plant in Dahej to be completed in 2018, further strengthens our position in India and allows us to simplify our overall corporate structure and improve our organizational efficiencies.”

About Quaker
Quaker Chemical is a leading global provider of process fluids, chemical specialties, and technical expertise to a wide range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans, and others.  For nearly 100 years, Quaker has helped customers around the world achieve production efficiency, improve product quality, and lower costs through a combination of innovative technology, process knowledge, and customized services. Headquartered in Conshohocken, Pennsylvania USA, Quaker serves businesses worldwide with a network of dedicated and experienced professionals whose mission is to make a difference.

Kumari Builders and Developers Forays Into Villa Segment, Invests Rs. 500 Crore

Real Estate & Development

Kumari Builders and Developers is planning to invest Rs. 500 crore over the next five years in building villas. The Bengaluru-based developer plans to expand its property portfolio by 1.8 million sq ft in the villa segment.

Backed by successful completion of eight residential apartment properties and two ongoing projects, the developer is entering the villa segment with the launch of two accessible luxury developments in Malur and Sarjapur Road. The 50-acre project in Malur will offer 750 homes, while the 12-acre project on Sarjapur Road includes 192 villas.

Bengaluru is one of the most promising real-estate investment markets in India. With a mere 6,400 units available as of 2016, the villa projects in the city have seen a remarkable absorption rate of around 55 per cent. Sarjapura, Bellary Road, Whitefield, Hoskote and Hosur Road are the emerging residential hubs for villa projects, with valuation of properties reaching up to Rs. one crore. Within a notable radius of these localities, villas are priced anywhere from Rs. 4,500 per sq ft soaring upwards to Rs. 15,000 per sq ft. The demand in these strategic locations has led several property investors to construct villa properties in and around these areas. To this end, the villa category seemed to be the next logical step for Kumari Builders and Developers.

Contrary to the common belief that villas are expensive, Kumari Builders and Developers is proposing properties at accessible rates, enabling young working professionals to take their first step into independent living.

“Over the past four years, we have delivered residential projects of high standards with great forethought and commitment. Having created beautiful apartments for around 400 families, we don’t want to stop here. We are aiming to fulfil the dreams of young home buyers who wish to own independent plots or villas,” says Ashok Naidu, Director of Kumari Builders and Developers.

“Usually villa projects situated at strategic neighbourhoods combining quality construction and transparent transactions are priced higher, but we want to help IT professionals working around these prime locations to own their dream villa at rates that are accessible to them,” says Ashok. He further adds that the residential projects would be within 30-40 minutes of drive time from some of the major IT hubs.

Working professionals in ITPL will find the Malur project a perfect place to retreat after a hard day’s work. Designed to meet all modern-day needs, this development meets the requirements of those who are looking for their future homes or for an investment opportunity.

The Malur project is scheduled for launch in January 2018, while the villa development on Sarjapura Road will be launched in April 2018. With the launch of the two villa projects, Kumari Builders and Developers is all set to take accessible luxury living to a whole new level.

About Kumari Builders and Developers:
Kumari Builders and Developers is one of the fastest-growing real estate companies in Bengaluru. With eight projects to its credit, the company currently has ongoing projects adding up to 2,54,610 square feet of built-up area. It was founded in 2012 with the foremost objective of fulfilling the housing needs of young working professionals in the city.