Two are killed in Air Plane crash near Suffolk Airport in USA

A small, single-engine experimental plane crashed in a field Saturday, killing the pilot and a passenger.

The crash occurred about a third of a mile west of a runway at Suffolk Executive Airport, roughly three miles southwest of the city’s downtown.

The aircraft had attempted to land several times when it crashed, killing both occupants on impact, according to the Virginia State Police.

The plane is registered to an individual from Davidsonville, Md., police stated. Both victims were male and neither has been positively identified. Maryland State Police are helping in the identification process as well as with the notification of family members.

Emergency crews were dispatched at 1:01 p.m. Saturday and were on the scene in seven minutes, said Diana Klink, a city spokeswoman. The crash site lies near Southside Trailer Court, in the 1000 block of Carolina Road.

“I just heard a big boom, like a big shotgun sound,” said Tony Fowler, 21, who lives about a half mile from the crash site.

It sounded “sort of like a bomb going off,” said Scott Proctor Jr., 12, who was in his room at his home on Carolina Road.

Gabrielle Looney, 20, who lives in a trailer only a few hundred yards from the crash site, said the sound of the impact led her to think “it was going to be a tractor-trailer crash over on Carolina Road.”

The 16th annual “Festival of Flight,” a two-day, fly-in event sponsored by the Virginia Aviation Council, a nonprofit group that promotes aviation education, began Saturday morning at Suffolk Executive Airport. Ray Batton, the president of the council, said the plane and its occupants had not registered and were unknown to event organizers.

Registration for the event is available online or on the field, according to a program for the event, which is described as “2 days of Airplanes & Family Fun from Ultralights to Multiengine!”

While the event has drawn hundreds of aircraft at some of the yearly events, this weekend’s festival drew “way less than 100 planes,” Batton said.

“Our event is totally weather-dependent,” said DeWitt Whittington, a spokesman for the group who said the festival is geared for “fair-weather flying.”

Low clouds and windy conditions contributed to make Saturday “a terrible day” for the kinds of light aircraft that tend to come to the event, Whittington said.

The event continues today.

US Plane Crash Site in Kyrgyzstan RIA Novosti BISHKEK, May 4 (RIA Novosti) – Parts of the pilots' bodies have been discovered at the site of Friday's US military plane crash in northern Kyrgyzstan, the Kyrgyz Emergencies Ministry said on Saturday. “Several parts of the pilots' bodies have been ... See all stories on this topic »

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Two are killed in plane crash near Suffolk airport The Virginian-Pilot A small, single-engine experimental plane crashed in a field Saturday, killing the pilot and a passenger. The crash occurred about a third of a mile west of a runway at Suffolk Executive Airport, roughly three miles southwest of the city's downtown ... See all stories on this topic » The Virginian-Pilot

Two bodies found after Kyrgyzstan plane crash ABC Online Rescuers have recovered the bodies of two US pilots whose refuelling plane crashed in the mountains of Kyrgyzstan shortly after taking off from a base that serves as a hub for military operations in Afghanistan. The KC-135 Stratotanker with a crew of ... See all stories on this topic »

Hudson River divers find body of plane crash pilot (video) Kingston Daily Freeman Braunstein was the pilot and owner of the twin-engine Grumman G44A Widgeon that crashed in the river between Catskill and Germantown about 4:30 p.m. Thursday, some 30 minutes after taking off from a private airfield in Copake, authorities have said. See all stories on this topic »

Bodies of 2 US crew found at site of military plane crash in Kyrgyzstan, 3rd ... Washington Post BISHKEK, Kyrgyzstan — Search teams on Saturday found the bodies of two American crew members near where their military refueling plane crashed in the rugged mountains of Kyrgyzstan, while the third crew member was still missing, the emergencies ... See all stories on this topic »

Pilot dies in small plane crash in Que. mountains Toronto Sun MONT LAURIER, Que. -- The pilot of a small plane died Saturday afternoon after a crash in the Laurentian Mountains. Minutes after takeoff from the airport at Mont Laurier, a lakeside town about 240 km northwest of Montreal, the aircraft plunged to the ... See all stories on this topic »

Body fragments found at US plane crash site in Kyrgyzstan Los Angeles Times MOSCOW -- Rescue teams found remains of two crew members Saturday morning at the site of a U.S. military plane crash in Kyrgyzstan, an official said. “Fragments of two bodies have already been found as we are continuing the search,” Abisharip Bekilov, ... See all stories on this topic » Los Angeles Times

Two bodies found at US plane crash site in Kyrgyzstan, third crew member still ... NBCNews.com (blog) BISHKEK - Remains of two bodies have been found in the wreckage of a U.S. military plane thatcrashed in Kyrgyzstan, and authorities are still looking for a third person who was on board, officials said. The refueling plane exploded in mid air when its ... See all stories on this topic »

Two US pilots' bodies found after Kyrgyzstan plane crash The Guardian The bodies of two US pilots who were killed when their military refuelling plane crashed in Kyrgyzstan have been found by rescue workers. The Kyrgyz emergencies minister, Kubatbek Boronov, said search teams found the remains on Saturday. Their KC-135 ... See all stories on this topic »

SBI to Auction Capt Gopinath's Assets to recover dues

After moving decisively against the promoters of Kingfisher Airlines Ltd to recover a part of their dues, State Bank of India (SBI) is now planning to auction some of the properties Captain G R Gopinath had pledged with the bank to recover a part of the dues of Rs 210 crore.

The auction has been scheduled for May 16 and 31. SBI on Friday put out ads in all major newspapers announcing the dates. Gopinath’s properties include a bungalow here, in the name of his wife. Gopinath and his wife are guarantors for the loan.

SBI, along with a few other banks, had given loans to Gopinath for Deccan Cargo, a venture he started in 2009, a few years after he sold Air Deccan to Kingfisher Airlines. It is understood Axis Bank among the lenders with significant exposure to Deccan Cargo, Gopinath’s venture.

Gopinath had started with Deccan Cargo, aiming to deliver cargo to and from tier-II and tier-III towns into major cities, hoping to ride the potential the segment offered. Reliance Industries’ Mukesh Ambani had made an investment of about Rs 135 crore into this venture. Industry experts say the execution of the strategy did not fall into place for Deccan Cargo, owing to which Gopinath couldn’t carry the venture business.

After the operations of the company were frozen, Gopinath had opted for corporate debt restructuring for its loans. However, this, too, did not progress due to doubts oh how Gopinath would boost operations after the restructuring. Subsequently, Gopinath tried to revive Deccan Charters, offering shuttle services in Gujarat through eight-seater aircraft. But after a promising start, this floundered due to low demand. Revenues in the traditional charter business started dwindling and Gopinath was forced to downsize and sell many of the aging Aircraft.

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SBI to auction Gopinath's assets to recover dues Business Standard After moving decisively against the promoters of Kingfisher Airlines to recover a part of their dues, State Bank of India (SBI) is now planning to auction some of the properties Captain G R Gopinath had pledged with the bank to recover a part of the ... See all stories on this topic » Business Standard

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Cloud Computing to Dominate SME's ICT Spend

At a time when overall business growth in world has slowed significantly and the national GDP shows only a marginal rise the India small and medium business segment (SMEs, 1-999 employees) can be viewed as a beacon of hope. India SMEs show a 14 percent year-on-year rise in Information and Communication Technology (ICT) expenditures and their adoption of technology is likely to continue to increase.

This is a direct result of their need to utilize ICT tools to overcome nagging business challenges. An analysis of these markets reveals that small businesses are likely to marginally overtake their medium business compatriots vis-à-vis annual ICT spending growth rate. These findings have emerged from the 2013 India SME ICT & Cloud Services Tracker Overview study by New York-based Access Markets International (AMI) Partners, Inc.           

India SMEs have been a lucrative segment when it comes to ICT spends. With increased transparency and reach to the masses SMEs are looking at solutions to enhance their market share and get an edge over competition. Today an event organiser in a tier 2 city can effectively use the social media and technology to promote his brand and get more visibility. He can have a SCM and a CRM on a much smaller scale and leverage technology to escalate his business and workforce. Basic computing and networking hardware dominates the IT spending portfolio of India SMEs. This is especially true for the small business segment which is gradually enhancing their ICT backbone serving as a platform for future adoption of higher-end technology solutions”, said Dev Chakravarty, Research Manager at AMIIndia.

This is where Cloud computing has brought about a paradigm change in the ICT adoption pattern of SMEs worldwide. India SMEs are no exception to this statement. "Using AMI’s Global Market Forecast Model, the SME market sizing tool, AMI has found that expenditures on cloud-computing within India SME ICT portfolio are on the rise. These expenditures comprise almost 10 percent currently and are predicted to increase by a CAGR of 23 percent over the next five years”, added Chakravarty. It may not be an exaggeration to term cloud computing as a key future growth-enhancer in terms of India SME ICT adoption since cloud-based ICT solutions display greater future growth-trends compared to their on-premise cousins. 

There are many questions regarding cloud computing usage by India SMEs; e.g. - What are the larger spend components within the cloud? Which cloud categories will grow faster? AMI analysis finds that the top two spend-components within the SME cloud-portfolio are for website-related expenditures and Remotely Managed IT Services (RMITS). These SMEs have become much more aware of the benefits of hosting their own websites since it provides them multiple benefits such as better brand-building and cost-effective marketing to mention just two. A number of web-hosting firms have emerged to assist India SMEs in this endeavour. As mentioned RMITS is also an up and coming trend for these companies. Many India SMEs are indicating a greater preference for this alternative, sometimes in conjunction with the age-old on-premise service options. In the near future, IaaS and SaaS-based solutions such as Productivity, CRM and Business Intelligence are forecast to show considerable growth.  

Proprietors, dealers, SOHO, financial groups - fast adopter. Cloud computing has been instrumental in alleviating many problems that India SMEs face during ICT adoption - specifically those related to a lack of funds and non-availability of a dedicated ICT-workforce.  It has proven a boon to small businesses, for which it hits a particularly sweet spot. With cloud services, small businesses reap the benefits of not having to deploy physical infrastructure like file and e-mail servers, storage systems or shrink-wrapped software. Plus, the "anywhere, anytime" availability of these solutions, means hassle-free collaboration among business partners and employees using the ubiquitous browser. In fact a lot of today's small business technology needs can be fulfilled almost completely with cloud-based offerings through a single mobile device.

In cases of small financial groups like agents and consultants lot of applications and tools are offered by the larger players and there is a basic ICT setup requirement which an SME does not want to invest and get locked into. This is where service providers come into play and through their cloud offerings can make the services available at various pay packages mutually suitable.

No Cloud without Rain

Of course, cloud computing raises concerns about security, stability, and data ownership. Cloud computing adoption rates have been steadily increasing since 2009; however, there are concerns over efficiently managing disparate cloud services. No technology investment is fool proof; they are subject to outages that are beyond a business' control.

There have been numerous cases of complete breakdowns and such downtime stories serve as a sobering reminder that trusting your data and technology services to an off-site third-party places you at the mercy of that third-party's uptime reliability. Many businesses are countering that complete dependency by going with hybrid cloud solutions. For instance, companies will replicate data stored locally on a hard drive or NAS to their cloud services, offering SMBs the best of both worlds: local control and access to data and peace of mind that the data is backed up to the cloud. No one glove fits all. Depending on the nature of the business and service offerings one needs to make a calculated decision on the cloud solution and the best way it will enhance the business performance and become a revenue model too as they go ahead.

IBM CEO predicts three ways technology will transform the future of business

With cloud, mobile, social and big data advances all happening at once and at lightning speed, how will shifts in technology impact the way businesses are run? According to Ginni Rometty, the first female CEO of IBM, it will change everything. Ginni Rometty predicted that data will be the basis of competitive advantage going forward, calling it the "the next natural resource." She believes it will change how decisions are made, how value is created and how value is delivered. Here’s a look at what the future may hold.

Data analytics will revolutionise decision-making

"Many more decisions will be based on predictive elements versus gut instincts,"Rometty said. Even in the most scientifically oriented fields, she noted that decisions are still being made based on anchoring biases. In other words, leaders and managers interpret information through the lens of their subjective perspective and set of experiences. However, with the incoming “tsunami of information,” Rometty believes that those companies that are able to use data to their advantage will make better, more objective calls.

As an example, she cited IBM’s use of software analytics in its CRUSH (Criminal Reduction Utilizing Statistical History) initiative with the Memphis Police Department. Finding a correlation between rapes and outdoor pay phones, they decided to move the phones indoors, which ultimately contributed to a 30% reduction in crime.

Still, Rometty said that just because the technology exists and will become increasingly accurate, the shift will require new ways of thinking. “At the end of the day, it’s about mindset and culture,” she said.

The social network will drive value

“The social network will be the new production line in a company,” Rometty predicted. The primary benefit of new social platforms, she said, is that today’s knowledge workers have access to each other. In the near future, she believes “your value will not be what you know, but what you share.”

This social sharing shift will change the way businesses hire, who they hire and how they compensate workers, said Rometty. Employees will be rated by bosses, colleagues and even customers on the value of the information they create, she said, which could impact compensation.

A one-star rating would result in a one-star compensation range, just as a five-star rating would ensure five-star compensation. Like data analytics, more and varied input on each employee’s performance may create more objective pay models.

Consumer segments will cede to the individual

Technology shifts will also change the way businesses deliver value. “What you will see with rapid data and social sharing is the death of the average and the era of you,” Rometty said. Rather than meeting the needs of different consumer segments—geographic, age or income segmentation, for example—businesses will be able to truly serve the individual. "If you have a call center, it’s no longer about a script,” she said. "It’s about a dialogue.” What Rometty calls “the third wave of technology” may contribute to this individualized approach. In the first era of computing, computers counted. In the second, they could be programmed to perform instructions. In the next era, computers will learn by themselves, she said.

Cloud computing to dominate SME's ICT spend Moneycontrol.com At a time when overall business growth in India has slowed significantly and the national GDP shows only a marginal rise the India small and medium business segment (SMEs, 1-999 employees) can be viewed as a beacon of hope. India SMEs show a 14 ... See all stories on this topic » Moneycontrol.com

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Eucalyptus Adds Netflix Tools , Amazon Options InformationWeek The fact that Chaos Monkey, Asgard and Ebba perform their functions in the Eucalyptus cloudsetting buttresses Eucalyptus' claim that it is the supplier with the closest match to Amazon. Eucalyptus started as a project of the computer science ... See all stories on this topic »

Cloud computing a hot area of play Downunder ARNnet Chicktong said the global launch of Avnet Services is timely given momentum is building in Cloud computing (particularly SaaS, Infrastructure-as-a-service (IaaS) and Platform-as-a-Service (PaaS) – a key reason why Avnet Cloud Services was hatched ... See all stories on this topic »

Canadian Tire to locate new 'cloud computing centre' in downtown Winnipeg Winnipeg Free Press Winnipeg won what was a national competition for retail giant to locate its new "cloud computing centre," a news conference announced today. The new centre will be located at on the second floor of the Air Canada building at Carlton and Portage. The ... See all stories on this topic » Winnipeg Free Press

Amazon, Bracing for Strikes in Germany, Plans to Hire Engineers New York Times (blog) Mr. Vogels said Amazon's sales of cloud-computing were accelerating in Europe, as technology managers sought to cut costs and were increasingly reassured that sensitive corporate data could stay secure in remote data centers. “All I can say is we are ... See all stories on this topic »

The taxman cometh for cloud services InfoWorld (blog) But there's also been a steady march by economically strapped states to squeeze tax dollars from a venue where consumers are less likely to notice or protest: business-to-business computing andcloud-based services. Massachusetts is the latest to join ... See all stories on this topic »

Why the cloud will (entirely) replace in-house applications ZDNet I can't tell you how many times I hear that "cloud computing is a fad" or "the cloud is inherently not secure", or best of all, "the Cloud is not a sustainable business model". To all of those, I simply say, "Nonsense". I'd like to say something ... See all stories on this topic »

ADVISORY/ White Paper, Expert Available: Taking an Individualized Approach ... Wall Street Journal What: Since its introduction to the financial services industry, cloud computing has quickly become an in-demand technology opportunity for institutions looking to reduce costs and increase storage, automation, flexibility, scalability and mobility ... See all stories on this topic »

High Availability IaaS Is Now Standard Across ProfitBricks Cloud Computing ... IT Business Net CAMBRIDGE, MA -- (Marketwired) -- 05/02/13 -- ProfitBricks, the infrastructure-as-a-service (IaaS) company that completely reengineered the delivery of cloud computing, today announced the general availability of true High Availability (HA) virtual ... See all stories on this topic »

Supreme Court defers Sahara case hearing as company seeks more time to furnish refund details

Sebi wasting time, says Sahara's Subrata Roy
 Saharas Subrat roy

Supreme Court defers Sahara case hearing as company seeks more time to furnish refund details

The Supreme Court of India deferred until Wednesday a hearing over the Sahara conglomerate's failure to meet the court's guidelines to repay billions of dollars it had raised from investors through bond sales that were later ruled to be illegal.

Sahara group chief Subrata Roy finally got to meet officials from the Securities and Exchange Board of India in connection with the Rs24,000 crore refund case.

Roy, along with Ashok Roy Choudhary, Ravi Shankar Dubey and Vandana Bhargava appeared before Prashant Saran, Sebi’s wholetime member, who quizzed them regarding their personal assets and group assets.

Sebi intends to proceed with the sale of immovable properties of the group and refund investor money. It had issued summons on March 26, 2013, to examine and ascertain the details of their personal and group company assets.

During their appearance before Sebi, they were asked to submit the original title deeds of their assets and the investment details of  Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd.

Roy said that he does not own any immovable property and revealed details about his bank accounts.

“The officials have presented details of their personal assets. Subrata Roy’s personal assets were around Rs3 crore only,” a Sahara statement said on Wednesday.

Roy said Sebi was wasting time by not verifying its investor base. adding since a chunk of the monies raised is with Sebi, it remains unreturnable to investors.

Roy said Sebi’s questions were limited to details on official and personal assets.

Earlier in February, Sebi had ordered attachment of Sahara group companies and its directors in compliance with Supreme Court directive for not paying the full amount along with 15% interest to Sebi within February 2013.

Sebi was asked by the Supreme Court to facilitate the refund to the bondholders after checking the genuineness of the investors. Though Sahara had deposited Rs5,120 crore with the regulator, but it had not paid the remaining two instalments which were due in January and February as per the revised timeline given by the court.

Sahara chief mentioned that he would be more than willing to appear before Sebi in future as well.

Coming next in the battle is the Securities Appellate Tribunal (SAT) hearing of Sahara appeal against Sebi’s order regarding attachment of personal assets on Saturday, April 13.

In another upcoming event, the Supreme Court is set to hear Sebi’s appeal on April 22 to detain Roy and to initiate contempt proceedings for non-compliance with its orders to refund money to investors.

The legal battle between Sebi and Sahara started when the former passed orders against the two companies for violating public issue norms under the Companies Act by raising Rs24,029 crore from investors through optionally fully convertible debentures scheme between 2008-11.

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