Here goes the Newsreel, our daily news roundup.
– A British startup has produced the first “petrol from air” using a revolutionary technology that promises to solve the energy crisis as well as helping to curb global warming by removing carbon dioxide from the atmosphere. Air Fuel Synthesis in Stockton-on-Tees has produced five litres of petrol since August when it switched on a small refinery that manufactures gasoline from carbon dioxide and water vapour, read complete post here.
– Prime Minister Manmohan Singh has launched the much awaited Aadhaar enabled system for direct cash transfer to beneficiaries under social schemes such as MNREGA and pension in Dudu, Rajasthan. The launch of the scheme by the Prime Minister coincides with the second anniversary of Aadhaar project, read complete speech of PM over the launch.
– After Vodafone, telecom major Airtel plans to use Aadhaar (UIDAI card) for issuing mobile phone connections. Vodafone is already accepting Aadhaar cards in Andhra Pradesh. It has deployed Aadhaar-enabled KYC (Know Your Customer) services at two stores, one each in Hyderabad and Vijaywada and accept it as proof of identity before issuing a new SIM card. Currently, there are more than 200 million people with Aadhaar numbers in the country, read complete post here.
– Earlier, we have reported about Starbucks coming to Mumbai, now it has launched its first flagship store through partnering Tata – Tata Starbucks in Mumbai at Elphinstone Building in Fort on Friday. Two smaller stores are slated to open next week at the Taj Mahal Hotel in Colaba and Oberoi mall in Goregaon in Mumbai. Starbucks has tried it to give an ‘affordable’ price to Indian consumers. Its coffee prices range from Rs 80 (for a 30 ml Expresso shot) to Rs 200 (for Caramel Coffee), while the Tata Tazo co-branded teas have been priced from Rs 90 to Rs 130. The regular cappuccino and café lattes range from Rs 95 to Rs 135, while brewed coffee would be a relatively cheaper option (ranging from Rs 85 to Rs 105), read complete post here.
– A recent study exposed an alarming trend in the tech industry in US. Immigrant entrepreneurs, who in recent years have launched half the startups in Silicon Valley, are founding drastically fewer companies. Except for one group: Indians. The startup study was sponsored by the Kauffman Foundation and conducted by Vivek Wadhwa, who’s the director of research at the Center for Entrepreneurship and Research Commercialization at Duke University. The study’s data showed that the number of immigrant-founded startups in Silicon Valley has fallen from 52.4% to 43.9% since 2005, however Indians are defying gravity and starting more companies, the number of Indian startups went up from 26% to 33% of all immigrant startups. Read complete post here.
– Even before President Obama’s debate performance this week rallied the left, it seems that liberal Democrats found more to “like” online than their conservative counterparts.
According to a new study on social media and civic engagement from the Pew Internet & American Life Project released Friday compares social media behavior between Democrats, Republicans and independents. Among its findings it said that while 52 percent of liberal Democrats who use social media have used the “like” button, 42 percent of conservative Republicans have done so. Overall, Pew said that 38 percent of people who use social media “like” content related to political or social issues.
– Six operators, including Airtel, Vodafone, Tata Teleservices and Idea Cellular, have filed applications to participate in the spectrum auction set for November.Among the new players only Videocon and Norway’s Telenor submitted applications. Russia’s Sistema and the other companies like Etisalat, STel and Loop, whose licences are set to be cancelled in December, have decided to stay away from bidding. Reliance Communications is the only major incumbent player that has not submitted its application. However, according to market sources RIL could gain entry later by acquiring a stake in Videocon, if Videocon succeeds in winning spectrum auction, read complete post here.
– Apple has finally started work on the first-phase of its new renewable data center in Prineville, Oregon, development which is expected to set the company back more than $68 million, read complete post here.
– Google Inc is mulling over settlement with the Federal Trade Commission over potential claims it broke antitrust law in its handling of patents for mobile devices. The U.S. Federal Trade Commission, which has been conducting an antitrust investigation of the Internet giant’s business for more than a year, in recent months began probing Google’s handling of patents that it acquired when it closed the $12.5 billion purchase of device-maker Motorola Mobility, read complete post here.