Thursday, September 22, 2011

Alibaba Group

Chinese sportswear maker Dongxiang Group said on Friday it will invest $100 million in Yunfeng Capital, a fund targeted at making investments in Alibaba Group.
Yunfeng Capital, Silver Lake and DST Global said on Thursday they will buy shares in China's largest e-commerce group Alibaba by leading a tender offer for employee shareholders, option holders and certain other shareholders of Alibaba Group.
Singapore-based investment firm Temasek, a shareholder in Alibaba Group, is also taking part in the offer.
The transaction would give Alibaba an enterprise valuation of $32 billion, the tech blog AllThingsD said, adding the group would get a stake of just under 5 percent if the offer is fully subscribed.
Chinese online game developer Giant Interactive also said it will invest $50 million in Yunfeng Capital, which is co-founded by Alibaba Group Chairman Jack Ma.
Alibaba Group is the parent company of Alibaba.com, Taobao Mall, Taobao and AliCloud. Alibaba.com trading 3.5 percent higher at 0145 GMT (9:45 p.m. EDT).
Yahoo holds about 40 percent of Alibaba Group and will not be selling shares in the offer, the blog said.

Tuesday, September 13, 2011

Faster than light

Sub-atomic particles apparently traveling faster than light could force a major rethink of theories about how the cosmos works and even allow dreams of time travel and extra dimensions, scientists said on Friday.
Jeff Forshaw, a professor of particle physics at Britain's Manchester University, said the results, if confirmed, would mean it would be possible in theory "to send information into the past."
"In other words, time travel into the past would become possible ... (though) that does not mean we'll be building time machines any time soon," he told Reuters.
The international physicists who made the startling findings at CERN near Geneva said they must now be confirmed by independent research teams. The wider scientific community expressed astonishment and skepticism.
"Extraordinary claims require extraordinary evidence, and this is an extraordinary claim," cosmologist and astrophysicist Martin Rees told Reuters.
CERN, also home to the Large Hadron Collider that is probing how the universe began and developed, said measurements over three years had shown invisible neutrino particles covering the 730 km to a laboratory in Italy 60 nanoseconds -- or 60 billionths of a second -- faster than light.
That reading could show that Albert Einstein, father of modern physics, was wrong when he laid down in his 1905 theory of special relativity that the speed of light was a "cosmic constant," and nothing could go faster.
CORNERSTONE OF SCIENCE
That principle, and Einstein's later general relativity theory, which expanded it into wider fields of physics, have been cornerstones of scientific views of the cosmos and how it works ever since.
The new finding was recorded when 15,000 neutrino beams were pumped over three years from CERN to an underground Italian laboratory at Gran Sasso near Rome.
Physicists on the experiment, called OPERA after the initials of its formal scientific title, say they had checked and rechecked over many months anything that could have produced a misreading before announcing what they had found.
Professor Jenny Thomas, who works on neutrinos at Fermilab, the U.S. physics research center near Chicago, commented: "The impact of this measurement, were it to be correct, would be huge."
OPERA's Dario Auterio, presenting the findings to a packed and clearly sceptical auditorium at CERN on Friday, said they were of "high statistical accuracy" and could not be explained by extraneous effects such as seismic tremors or moon phases.
He declined to get into theoretical interpretations and told his audience of largely CERN scientists that other research centres -- Fermilab and probably Japan's T2K neutrino research team -- must now take up the baton.
"In science, you can never be sure. Something odd can always happen, however careful you are," said CERN spokesman James Gillies. "You've always got to get an independent result from someone else before you can say it's a discovery."
SCEPTICISM VOICED
Many leading scientists were sceptical that Einstein's theories would have to be abandoned.
"It is premature to comment on this," said Professor Stephen Hawking, perhaps the world's best-known physicist, who has come up with contested ideas of his own. "Further experiments and clarifications are needed."
The high level of caution is normal in science where anything that could be a breakthrough discovery, especially one that overturns well-established thinking, is rigorously inspected by other researchers to see if they get the same results.
CERN's research director, Sergio Bertolucci, reaffirmed this principle.
"When an experiment finds an apparently unbelievable result and can find no artefact of the measurement to account for it, it is normal to invite broader scrutiny ... That is good scientific practice," he said.
Einstein's theory has been tested thousands of times over the past 106 years and only recently have there been slight indications that the behavior of some elementary particles of matter might not fit into it.
OPERA spokesman Antonio Ereditato said the sub-atomic neutrino, which is normally produced in nuclear decay or nuclear reactions such as those on the Sun and was only confirmed to exist in 1934, "is still surprising us with its mysteries."

Monday, September 5, 2011

Arrested In Tripura


A total of 14 Bangladeshi nationals, including three women and two children, were Saturday arrested for illegally entering India, police said.
'Acting on a tip-off, the Mobile Task Force (MTF) personnel arrested them from the Tripura capital and brought them before a local court, which later sent them into jail custody,' police spokesman Nepal Das told reporters.
Das, a deputy inspector general of police (police control), said that the foreign nationals were detained under the Indian Passport Act and they would be sent back to Bangladesh after completion of their jail term.
The apprehended intruders, who might have crossed the border in search of jobs, are residents of Moulavi Bazar, Nowakhali, Hatia, Habibganj, Feni, Chattagram, Commilla and Kishoreganj districts of Bangladesh adjoining India.
Indian and Bangladeshi currencies and some official documents were recovered from the detainees.
According to police, the MTF troopers recently intensified their drive to detain illegally migrants from Bangladesh, Myanmar and other countries.
Since last year, the Tripura Police have also detained 23 Myanmar nationals in Tripura and later sent them back to Bangladesh, from where they entered into the Indian territory looking for livelihood and jobs.