Samsung H2 could play spoilsport to strong recovery

(Reuters) – Samsung Electronics’ (005930.KS) second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world’s No. 1 memory chipmaker is set to report a record quarterly profit.

The mainstay memory chip unit of Samsung is benefitting from a robust recovery in the global consumer electronics market, but Apple Inc’s (AAPL.O) fastest ever global rollout of its latest iPhone is posing as a strong headwind to Samsung’s nascent smartphone business.

Last month, BlackBerry maker Research in Motion (RIM.TO) reported disappointing quarterly shipments, rekindling worries it is losing market share to Apple and other rivals. Nokia also issued a second profit warning as it struggles to compete against iPhone.

Samsung, the first major global technology firm to unveil second quarter estimates, could be hit by its exposure to Europe.

“The biggest risk factor for Samsung at the moment is whether European demand will normalize back in the third quarter,” said Benjamin Ban, an analyst at Daishin Securities.

“A further slowdown in European demand for electronics goods such as TVs and handsets will eventually depress buoyant component market, which has been the main source of record profit this year.”

Europe is estimated to make up 30-40 percent of Samsung’s TV and handset sales.

South Korea’s exports to Europe rose around 16 percent so far this year, far underperforming a 30 and 50 percent growth to the United States and China and underscoring fiscal crisis in Europe has weakened demand from the region, customs data showed.

“Chips and LCD flat screens are doing well and will lead Samsung to continue to report record-breaking results until July-September,” said Song Myung-sub, an analyst at Hi Investment & Securities.

“But things have turned somewhat downbeat from the very upbeat picture we had earlier this year, as we now expect prices of chips and LCDs would start falling from the fourth quarter and demand could weaken, initially starting from unstable Europe.”

Samsung, which unveils April-June earnings guidance on Wednesday, is likely to estimate quarterly operating profit at a record 4.8 trillion won ($4.0 billion) on 38.4 trillion won sales, according to Thomson Reuters I/B/E/S.

It would beat the previous record of 4.4 trillion won seen in the first quarter and almost double from the previous year’s 2.67 trillion won, mainly helped by record chip sales, which would make up around half of Samsung’s total operating profit.

Sales of LCD flat screen panels were also seen strong thanks to robust orders from TV producers betting healthy demand growth during this summer’s World Cup soccer event.

But handset business, one of Samsung’s weakest performing units, suffered another setback due to delays in smartphone launches and weak feature phone sales, analysts said.

EUROPEAN WOES

Analysts expect weak demand from Europe and almost a 10 percent tumble in the euro might lead Samsung to report telecoms margin and profit nearly halved in the second quarter from the preceding quarter.

Shares in Samsung, Asia’s most valuable technology firm worth $92 billion fell 11 percent over the past three months from a record high of 875,000 won, lagging the market’s 3 percent drop.

After peaking at a new record of 5.0 trillion won in Q3, earnings are set to shrink 20 percent to 4.0 trillion won in the fourth quarter, as gains in its mainstay memory chip prices falter amid rising supply growth.

CLSA expects Samsung’s average selling prices of DRAM, mostly used in computers and servers, are likely to fall 10 percent in Q3 and 20 percent in Q4, although a strong pick-up in demand for NAND chips, used in smartphones, will make up for the slowdown.

To boost its smartphone sales, Samsung is launching Galaxy S, its answer to Apple’s iPhone, globally with 100 carriers including the top five U.S. carriers.

While Apple has so far limited iPhone distributions to a single partner in each major market, Samsung is targeting multiple carriers to sell Google’s (GOOG.O) Android-based phone, as the smartphone laggard aims to treble shipments this year.

(Editing by Anshuman Daga)

IFC picks up ‘Freaks,’ ‘Undeclared’ reruns

LOS ANGELES (Hollywood Reporter) – Building on its strategy of showcasing off-center comedies that appeal to young men, IFC has picked up reruns of Judd Apatow’s short-lived comedies “Freaks and Geeks” and “Undeclared.”

The two cult favorites, which lasted for just 18 and 17 episodes, respectively, helped launch the careers of Jay Baruchel, Jenna Fischer, James Franco, Seth Rogen and Jason Segel.

“Freaks and Geeks” will premiere on IFC on Friday at 11 p.m., and encore on Mondays at 11 p.m. and Sundays at 10 p.m. “Undeclared” will debut on IFC this fall. A previously unaired episode of “Undeclared” will make its U.S. TV debut on IFC.

(please visit our entertainment blog via www.reuters.com or on blogs.reuters.com/fanfare/)

Obama heads to Gulf, BP advances in oil plug bid

BP reported some progress on Friday in its struggle to shut off its gushing deepwater Gulf of Mexico oil well, and President Barack Obama was set to assert control with a visit to coastal areas threatened by the largest oil spill in U.S. history.

BP Chief Executive Tony Hayward said a “top kill” attempt that started on Wednesday to plug the ruptured seabed well had had some success in keeping oil and gas down in the bore. But the final outcome was still uncertain and it could be another 48 hours before it would be known whether it was successful.

“We don’t know whether we will be able to overcome the well,” he told NBC’s “Today Show”. The British-based energy giant was maintaining its assessment that the “top kill” plugging operation had a 60-70 percent chance of success.

Rising public anger and frustration over the uncontrolled spill has made it a major challenge for Obama, who will visit the Louisiana coast where sticky oil has permeated wetlands, closed down a lucrative fishing trade and angered locals still on the mend from Hurricane Katrina in 2005.

Appearing on several U.S. TV morning news shows, Hayward said BP engineers had injected a “junk shot” of heavier blocking materials — such as pieces of rubber — into the failed blowout preventer of the ruptured wellhead.

Later on Friday, they would also pump in more heavy drilling “mud” — all part of the top kill procedure being attempted.

“We have some indications of partial bridging which is good news,” he told CNN. “I think it’s probably 48 hours before we have a conclusive view,” he added.

Thad Allen, a Coast Guard admiral who is leading the oil spill response, told ABC’s “Good Morning America,” the next 12 to 18 hours would be “very critical”

BP shares were down around 4 percent in London amid uncertainty over the success of the effort to plug the well.

BP said on Friday the cost of the disaster so far was $930 million, up from a $760 million estimate on Monday. The cost is sure to multiply with clean-up of the spill, which has now surpassed the Exxon Valdez disaster off the Alaska coast in 1989.

“This is clearly an environmental catastrophe, there are no two ways about it,” Hayward told CNN, reversing previous comments by him in which he had predicted the ecological impact from the spill would be small.

POLITICAL CHALLENGE FOR OBAMA

Friday’s trip will be Obama’s second visit to the Gulf in the more than five weeks since a rig explosion killed 11 workers and unleashed the oil from a well head one mile (1.6 km) down.

His tour comes a day after he vowed to “get this fixed” as criticism swelled over what many Americans see as a slow government response to one of the country’s biggest environmental catastrophes. [nN27148649]

Obama’s predecessor, George W. Bush, was slammed for his administration’s handling of Hurricane Katrina, and Obama is anxious to avoid comparisons.

But however much he seeks to assert control, the federal government lacks the tools and technology to solve the deep-sea disaster and depends on BP to find the way to stanch the flow. Relations between the two camps have been strained as Washington put the blame squarely on the London-based company.

If top kill fails, BP said it will immediately try other remedies, such as containing the oil so it can be transported by pipe to a drillship at the water’s surface or placing a new blowout preventer atop the failed one.

It is also drilling two relief wells that will stop the flow but those will take several weeks to complete.

The scale of the spill expanded hugely with new government calculations on Thursday that put the flow rate from the ruptured well at as much as four or five times BP’s estimate of 5,000 barrels (210,000 gallons/795,000 liters) a day.

The U.S. Geological Survey now estimates that the flow ranges from 12,000 barrels (504,000 gallons/1.9 million liters) to 25,000 barrels (1.05 million gallons/3.97 million liters ) per day. The team’s best estimate is 12,000 to 19,000 barrels per day.

In the Louisiana wetlands, scientists showed where oil washed into wild cane fields, discoloring the base of green cane and reeds and piercing the air with its pungent smell.

Many of these small islands of wetlands were surrounded by the white protective boom that has been laid out to prevent the oil from seeping in but it was clearly being breached.

“Each of these islands has been fouled,” said Ian MacDoland, a professor of oceanography at Florida State University, as he surveyed the scene.

(Additional reporting by Jeremy Pelofsky in Washington and Pascal Fletcher in Miami; Writing by Mary Milliken and Pascal Fletcher; Editing by Frances Kerry)

Oz filmmaker”s TV virgin auction bid facing legal problems in Las Vegas

Melbourne, May 14 (ANI): An Australian filmmaker with plans to auction off virgins in Las Vegas may have to put his venture on hold, as he could face legal trouble for human trafficking.

Justin Sisely, the filmmaker, had to move his controversial project to Las Vegas from Australia to avoid prostitution charges.

Sisely, the brain behind the new low in reality-TV, is a Melbourne-based filmmaker who plans to turn the auction into a documentary, the Daily Telegraph reported on May 10.

But according to the Las Vegas Sun, those familiar with the Nevada sex industry now say the project could be stopped if Nevada authorities find it violates human trafficking laws.

Specifically, it could challenge the US Mann Act, which prevents the transport of females across state lines for “immoral purposes”.

George Flint, a lobbyist for many of Nevada”s brothels, said Sisely “could be walking into real trouble”.

Sisely has spent more than a year recruiting male and female virgins willing to auction themselves on camera.

He plans to pay each virgin 20,000 dollars and they will also receive 90 percent of their sale price, with the remaining 10 percent going to the Nevada brothel where the auction will be held.

Bids will be placed online before the final auction.

Sisely held “auditions” for the auction in Sydney in 2009, using posters with “Virgins Wanted” plastered over an image of the Virgin Mary.

Sydney waitress “Veronica”, 21, who plans to participate in the auction said her parents were furious when they heard about her selling herself, but said she signed up to earn money and change perceptions about sex.

“Technically I”m selling my virginity for money, technically that would be classified as prostitution, but it”s not going to be a regular thing, so in my head I can justify that I”m not going to be a prostitute,” News.com.au quoted her as saying.

The project has infuriated family advocates, with Senator Steve Fielding of the Family First party branding it “absurd, ridiculous and disgusting”. (ANI)

Simon Cowell’s shows are ‘dangerous’ and ‘cruel’, says Annie Lennox

London, May 11 (ANI): Oscar-winning singer Annie Lennox has blasted Simon Cowell”s TV talent shows – labeling the contests ‘dangerous’ and ‘cruel’.

The Eurhythmics star claims she would never like to be a part of the judging panel of shows such as ‘American Idol’ or Britain”s ‘The X Factor’ because of the devastating effect rejection can have on upcoming singers.

“I think those types of shows are dangerous and cruel – they”ll have a long-lasting effect on how people look at music,” the Daily Star quoted her as telling Britain”s Daily Mail.

“I understand their appeal, but there”s no chance I”d ever be a judge. You have a panel of people basically giving you the thumbs up or down, and there”s so much more to music than that,” she added. (ANI)

Fasel sorry for conflict of interest ‘mistake’

International Ice Hockey Federation chief Rene Fasel has admitted “making a mistake” after being reprimanded by the International Olympic Committee for a conflict of interest over broadcasting rights.

Fasel escaped a more serious punishment on Wednesday and was allowed to keep his IOC posts after he helped a friend win a contract with the company controlling the IIHF’s TV and marketing rights.

“I accept the reprimand and I take note of it,” Fasel told agency reporters on Thursday. “It was poor judgement. I made a mistake… I do not feel well about it.”

Fasel, an IOC Executive Board member, also heads the Association of International Olympic Winter Sports Federations and chaired the IOC’s coordination commission for the Vancouver 2010 winter Games.

Fasel’s punishment, despite his senior position, is lighter than in the most recent cases, where less senior members were reprimanded and banned from sitting on any IOC commission for five years.

The IOC has said Fasel helped his friend’s company clinch a deal with the company controlling the rights and was also ‘personally’ involved in various marketing contract negotiations and creating opportunities in the Asian broadcasting market.

He denied taking any money for his mediating role, a claim backed by the results of an investigation.

IOC chief Jacque Rogge defended the organisation’s decision, seen by some as too light for such a senior member, saying while Fasel had tarnished the image of the movement, he had not made money from his involvement.

“Mr Fasel did not commit financial irregularities but Mr Fasel made a mistake to support a personal friend in having a contract with the broadcasting company,” Rogge told reporters.

“(The investigators’) report was very clear that Mr Fasel did not benefit personally. However he has tarnished the reputation of the IOC and got a reprimand,” he said.

The decision comes just days before the start of the ice hockey world championships on May 7.

(Editing by Justin Palmer, To query or comment on this story email sportsfeedback@thomsonreuters.com)

Song in supermarket Sainsbury”s TV campaign tops adverts playlist

London, Apr 19 (ANI): The song for supermarket Sainsbury”s TV campaign has topped a poll of the most performed songs in advertising.

‘Light And Day’ by The Polyphonic Spree, the soundtrack to the store”s Try Something New Today adverts with chef Jamie Oliver has left behind Nina Simone”s ‘Ain”t Got No/I Got Life’ from the Muller yogurt commercials to grab the top spot.

The survey, carried out by PRS for Music— an organisation that collects royalties on behalf of songwriters— has revealed the most frequently used songs in adverts over the last five years.

At the third place was the classical piece ‘Eliza”s Aria’ by Elena Kats-Chernin, made popular by Lloyds TSB”s For The Journey campaign.

Rounding up at the fourth and fifth spot were ‘Take That hit Shine’— this time used by Morrisons supermarket and ‘Left Bank Two’ performed by The Noveltones, used by Waitrose to promote its Essentials range.

The survey also revealed the most performed jingles – tunes created specifically for an advertising campaign – since 2005.

””Music makes an emotional impact upon people and a well-crafted song can lock in the listeners” mind for life, making it a powerful marketing tool,” the Telegraph quoted Roger Greenaway, who co-wrote ‘I”d Like To Teach The World To Sing’, the tune used in a memorable campaign by Coca-Cola, as saying.

””There”s a split between brands that use specific jingles and those that prefer to sample well-known music by popular bands but one thing is clear – the right song boosts an ad and can create a positive association to a brand – gold dust for marketers,” he added.

And the top 10 most performed songs in advertising are:

1 Light And Day by The Polyphonic Spree – Sainsbury”s Try Something New Today
2 Ain”t Go No/I Got Life by Nina Simone – Muller
3 Eliza”s Aria by Elena Kats-Chernin – Lloyds TSB”s For The Journey
4 Shine by Take That – Morrisons
5 Left Bank Two by The Noveltones – Waitrose Essentials
6 All Possibilities by Badly Drawn Boy – Comet
7 Knickknack by Bobby McFerrin – Bupa
8 Unwritten by Natasha Bedingfield – Pantene Pro-V
9 Send It On by Sean Paul – Vauxhall Corsa
10 Epoca by Gotan Project – Finish Dishwasher Tablets (ANI)

Song in supermarket Sainsbury”s TV campaign tops adverts playlist

London, Apr 19 (ANI): The song for supermarket Sainsbury”s TV campaign has topped a poll of the most performed songs in advertising.

‘Light And Day’ by The Polyphonic Spree, the soundtrack to the store”s Try Something New Today adverts with chef Jamie Oliver has left behind Nina Simone”s ‘Ain”t Got No/I Got Life’ from the Muller yogurt commercials to grab the top spot.

The survey, carried out by PRS for Music— an organisation that collects royalties on behalf of songwriters— has revealed the most frequently used songs in adverts over the last five years.

At the third place was the classical piece ‘Eliza”s Aria’ by Elena Kats-Chernin, made popular by Lloyds TSB”s For The Journey campaign.

Rounding up at the fourth and fifth spot were ‘Take That hit Shine’— this time used by Morrisons supermarket and ‘Left Bank Two’ performed by The Noveltones, used by Waitrose to promote its Essentials range.

The survey also revealed the most performed jingles – tunes created specifically for an advertising campaign – since 2005.

””Music makes an emotional impact upon people and a well-crafted song can lock in the listeners” mind for life, making it a powerful marketing tool,” the Telegraph quoted Roger Greenaway, who co-wrote ‘I”d Like To Teach The World To Sing’, the tune used in a memorable campaign by Coca-Cola, as saying.

””There”s a split between brands that use specific jingles and those that prefer to sample well-known music by popular bands but one thing is clear – the right song boosts an ad and can create a positive association to a brand – gold dust for marketers,” he added.

And the top 10 most performed songs in advertising are:

1 Light And Day by The Polyphonic Spree – Sainsbury”s Try Something New Today
2 Ain”t Go No/I Got Life by Nina Simone – Muller
3 Eliza”s Aria by Elena Kats-Chernin – Lloyds TSB”s For The Journey
4 Shine by Take That – Morrisons
5 Left Bank Two by The Noveltones – Waitrose Essentials
6 All Possibilities by Badly Drawn Boy – Comet
7 Knickknack by Bobby McFerrin – Bupa
8 Unwritten by Natasha Bedingfield – Pantene Pro-V
9 Send It On by Sean Paul – Vauxhall Corsa
10 Epoca by Gotan Project – Finish Dishwasher Tablets (ANI)

Poll surge for Clegg after UK leaders’ debate

Opinion polls show Nick Clegg, the leader of Britain’s Liberal Democrats, won the country’s first live television election debate.

Mr Clegg’s performance against Labour prime minister Gordon Brown and Conservatives leader David Cameron pushed support for the Lib Dems up a massive 14 points to 35 per cent, according to an ITV/ComRes survey of 4,000 people.

If confirmed and sustained, this would make the Lib Dems Britain’s second most popular party – one point behind the Tories but well ahead of Labour on 24 per cent.

With three weeks until the general election, Mr Clegg used the debate to stress that his party provided the only real alternative to the old ways at Westminster.

Mr Clegg appealed to the audience to choose him and his team over Labour and the Tories as the only party that could win back trust in politics after the parliamentary expenses scandal.

“You’re going to be told tonight by these two that the only choice you can make is between two old parties who’ve been running things for years,” he said.

“I’m here to persuade you that there is an alternative.”

The debate won the night’s TV ratings, capturing 10 million viewers, a figure only matched by major live sporting events and reality shows.

Although Mr Clegg has little chance of becoming Britain’s next prime minister, the Lib Dems could control the balance of power if Britain has a hung parliament after May 6, as polls suggest is possible.

The leaders faced off in Manchester, in north-west England, during a 90-minute debate on domestic policy to be followed by two more on foreign policy and the economy.

Labour and the Conservatives have alternated power in Britain since 1922, with the exception of occasional coalition governments.

But during the debate at least, Mr Clegg appeared to have made the greatest impact.

A YouGov survey put him on 51 per cent, ahead of Mr Cameron on 29 per cent and Mr Brown on 19 per cent.

A poll for broadcaster ITV gave Mr Clegg 43 per cent, Mr Cameron 26 per cent and Mr Brown 20 per cent, while a Sky News Britain text message poll had Mr Clegg on 37 per cent, Mr Brown 32 per cent and Mr Cameron 31 per cent.

LL Cool J’s interview scrapped from Sarah Palin’s TV show

New York, April 1 (ANI): Sarah Palin’s TV debut as the host of a new interview series will not use footage of rapper LL Cool J, it has been announced.

Palin, 46, will be seen hosting the premiere of “Real American Stories,” Thursday night.

The first episode was to air some interviews with celebs along with the stories of “ordinary Americans that have led extraordinary lives”.

However, Fox News has decided to cut the interview footage of LL Cool J after he complained the channel was recycling an old interview with him for the show.

Earlier this week the rapper Tweeted that Fox News was “misrepresenting” him by using a 2008 interview in its promotions and adverts for the show.

Publicists for the country musician Toby Keith, also listed as a guest for Palin’s show, made a similar charge.

“I have no idea what interview they are using. Toby’s talked to Fox a number of times, and I had no idea that this was going to be on Sarah Palin’s special. Fox has never contacted me — not now, not when they were putting this together, not at all. I have no idea what they’re using,” Keith’s rep Elaine Schock, told New York Times over the telephone.

According to Schock, Keith had not been interviewed by Fox News since 2008 or early 2009.

Asked if Mr. Keith was ever interviewed by Palin, Schock replied: “Absolutely not.”

Ben Stiller reveals he could be suffering from Lyme disease

London, Mar 25 (ANI): Actor Ben Stiller has revealed that he could have contracted Lyme disease after he badly injured his knee during a recent trip to Mozambique.

Stiller, 44, who had travelled to the African country last month as part of his charity work, was left limping after he fell into a muddy ditch while walking through a village.

His left knee became inflamed and he visited a number of doctors to diagnose the problem, but almost a month later, medics have yet to determine the cause of his ailment, despite running numerous tests.

“I was in Africa about three and half weeks ago and I stepped in a ditch in Mozambique. It was a hidden ditch, I was in a village and it was full of muddy water and I stepped in it and hyper extended my knee,” the Daily Express quoted him as saying.

“It got stiff and worse and worse. It was painful, I couldn”t really move it too much.

“I came back to New York, went to a doctor here, they did an MRI (scan), discovered some arthritic elements. It got worse, then I went back home to Los Angeles and went to see another doctor, apparently the best knee guy.

“He looked at it and said, ”You got a lot of fluid there, we gotta drain some of the blood out.” So he stuck a needle in and sucked out the blood.

“He had this look in his eye and was like, ”This isn”t blood”. I said to him, ”What is it?” and he said, ”I don”t know”. So they”ve been doing cultures (tests) on it, they took two more samples.

“They think it might have gotten infected, they”re not sure,” he explained.

Stiller”s mystery injury was so painful it almost forced him to pull out of a scheduled interview with U.S. TV talk show host David Letterman on March 23.

But, after more examinations and tests, Stiller”s doctors now believe he may have contracted Lyme disease, an easily treatable inflammatory illness spread through a tick bite, which is common on the East Coast of the U.S.

Stiller admits he”s been experiencing “little night sweats” as a result of the condition, but he”s glad his medical mystery is almost solved – because it means he won”t have to undergo invasive surgery.

“It”s actually improved so much in the last 24 hours, but I almost couldn”t come (to New York), I didn”t get the go ahead (from doctors)… He (his doctor) sent me to a rheumatologist, an infectious rare disease guy, so they do all these tests,” he tells Letterman.

“I got this call at like two o”clock in the afternoon (on Monday). The guy said, ”Have you ever had Lyme disease?” I said, ”No, but I was on the East Coast last summer and my son had Lyme disease”.

“And he said, ”Well, it”s looking like it might be Lyme disease”.

“He was saying if it wasn”t, I”d have to have an orthoscopic procedure, so if it is Lyme disease, I won”t have to have the procedure done, which is great,” he added. (ANI)

Pammie’s boobs will help her win Dancing With Stars, feels her dance teacher

London, March 20 (ANI): Pamela Anderson”s breasts will help her win the upcoming season of U.S. TV hit Dancing With The Stars, feels her new dance teacher.

Anderson”s partner, Aussie Damian Whitewood, believes the former Baywatch babe has an added advantage being “top heavy” and toils hard to perfect her routine.

“It helps keep your weight over your toes, your weight forward; (it”s) an added bonus. You”re gonna have good body contact, that”s another plus,” the Daily Express quoted him as saying.

Whitewood added: “She”s totally committed to it, which is fantastic.” (ANI)

Time Warner apologises for Playboy blooper on children’s channel

New York, March 17 (ANI): Time Warner Cable has apologised for airing Playboy programming on two children’s TV channels, according to a local report in Raleigh-Durham, North Carolina.

Melissa Buscher, director of media relations for Time Warner in the Carolinas, told WRAL-TV the mistake was caused by “equipment failure”.

The error caused Playboy programming to air on Channel 553 Kids on Demand and Channel 553 Kids Preschool on Demand.

It is reported that the programming menu listed information for children’s shows on the screen’s left side, while previews of nude women played on the right side.

The company’s office was flooded by calls of parents and viewers even as workers took about two hours to fix the problem.

Spokesman Keith Poston said the error occurred between 6:15 and 8:15 a.m. local time.

“We’re very, very sorry it happened,” the New York Post quoted Poston, as saying.

He added: “We know parents are concerned. I have a 9-year-old. I’m a dad. I’d be concerned too. It was a technical malfunction that caused the wrong previews to be shown on our kids on-demand channels.” (ANI)

India’s billionaire list doubles

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company is put at $32 billion, an increase of 54 per cent from nearly $21 billion last year, according to a Forbes report.

“Trailing behind him are Lakshmi Mittal (Arcelor Mittal) with a net worth of $30 billion, up 46 per cent from $20.5 billion, and Mukesh’s estranged brother, Anil Ambani, whose net worth of $17.5 billion, 40 per cent, higher than before, put him in third place,” it said. A rebounding stock market that gained two-thirds in the past year and an economy growing at 6 per cent have boosted the net worth of India’s richest people. The combined net worth of India’s 100 richest people is $276 billion, almost a quarter of the country’s GDP.

“Last year, there were only 27 billionaires on the India Rich List. This year, the number has almost doubled to 52, just two short of what India had at the peak of the stock market boom in 2007,” according to the Forbes report.

Though the top 10 positions remain largely unchanged, there are some shifts in fortunes across the list. Sunil Mittal, chairman of Bharti Airtel, has moved down from Number 4 to Number 8 and Wipro chairman Azim Premji has moved up to Number 4 position.

“The Ruia brothers (Essar group) with a net worth of $13.6 billion have made it to number 5 this year. Adi Godrej has moved out of the top 10 to the number 12 position. Savitri Jindal, nonexecutive chairwoman of O P Jindal Group, at a net worth of $12 billion this year has made it to number 7 on the list she is one of only six women on the list,” the Forbes report said.

The richest newcomers are two brothers from Torrent Power – Sudhir and Samir Mehta, ranked 23 at $2.02 billion. Another notable mention is Nandan Nilekani who has stepped down from Infosys board and is now a part of government. He ranks 43 with a net worth of $1.25 billion. Southern India’s TV king Kalanithi Maran, ranked 20, almost doubled his net worth to $2.3 billion from $1.2 billion.

SunTec, Seachange partnership offers integrated IPTV billing solution

Amsterdam (Netherlands)/ Trivandrum (Kerala), Sep 14 (ANI/Business Wire India): SunTec, the leading provider of convergent transaction pricing and billing solutions for the Communication, Media and Entertainment industry, has partnered with video-on-demand, IPTV and advertising software and systems leader SeaChange International to offer television service providers globally automated provisioning of IPTV consumers and accounts in ‘near real time’, while supporting complex revenue sharing business rules.

The SunTec and SeaChange partnership has already resulted in the integration of SunTec’s convergent billing solution, TBMS-T, with SeaChange’s TV Navigator IPTV middleware for the Smart Digivision’s MyWay (http://www.myway.in) IPTV service. Available in 54 cities across India on Bharat Sanchar Nigam Ltd. (http://www.bsnl.co.in) (BSNL) and Mahanagar Telephone Nigam Ltd. (http://www.mtnl.net.in) (MTNL) broadband networks, MyWay is expected to reach three million subscribers in the first five years.

“Integrating SunTec’s convergent billing system with SeaChange’s middleware opens a compelling opportunity to the IPTV Service Provider to roll out innovative services and programs for its consumers. SunTec is happy to have a strategic association with SeaChange and I see this partnership complement both the companies’ growth in the emerging IPTV markets,” said Rajesh BL Narashimha, Vice-President and Sales Head APAC and MEA, SunTec.

SunTec’s convergent billing solution, TBMS-T interfaces in near real time with SeaChange’s, TV Navigator middleware, electronic program guide, video-on-demand systems and set top box applications. The flexibility of TBMS-T, coupled with SeaChange’s open middleware, allows the service provider to design innovative services and pack programs/content to attract more usage and consumers. In addition to this, SunTec’s TBMS-T supports the service provider with complex revenue sharing business rules and settlement with IPTV service carriers and content providers/aggregators.

“IPTV operators require open solutions that allow flexibility to choose best of breed vendors and components,” said, Lincoln Owens, Director Broadband Sales, APAC, SeaChange International. Our TV Navigator middleware is rooted in this open approach, which has given way to beneficial alliances across markets. Our tie-up with SunTec has helped create one of the most promising IPTV efforts in Asia and we anticipate further success.” (ANI)

Cheryl Cole’s TV facial expressions freak her out

London, September 8 (ANI): Singer Cheryl Cole hates to watch herself on the X Factor, as she finds it discomforting to look at her facial expressions.

“I don’t watch it, I cringe when I come on. I Sky Plus it and fast-forward the bits when I’m talking,” the Sun quoted her, as saying.

She added: “You know when you see yourself talk? It’s not natural watching your facial expressions. I don’t like that. I can watch myself perform on stage.”

The Girls Aloud member mentioned that she misses “the one-on-one” she had with the wannabes at the old-style auditions.

However, she promised a great series.

She said: “The set and the frills are going to be amazing.” (ANI)

Lindsay Lohan to swap acting for a career behind the camera

Washington, September 2 (ANI): American film actress Lindsay Lohan is planning to try her luck as a television producer.

The ‘Mean Girls’ star is said to find producing TV programmes more interesting than acting.

“I’ve been creating a bunch of shows that I’ve written treatments for and that I’m going to be producing,” Contactmusic quoted her as having told U.S. TV show ‘Extra’.

Lindsay has fallen out of favour with movie executives in recent years, and failed to land a major film role since 2007′s ‘Georgia Rule’.

To get her career back on track, she is suggested to be turning her hand to producing TV programmes. (ANI)

Family wants justice, insists MJ’s dad

London, Sept 1 (ANI): Michael Jackson’s father Joe in his first public statement after the singer’s death was declared a homicide, has demanded justice.

The senior Jackson’s statement comes after the Los Angeles’ County Coroner declared that the King of Pop was killed by a cocktail of strong prescription drugs – Propofol and Lorazepam.

The corner’s ruling could put MJ’s physician Dr Conrad Murray in a tight spot.owever, Joe has refused to say anything about the role of the doc.

The Daily Star quoted him as telling U.S. TV’s the Today show: “I keep thinking, I just cant believe this happened to him… I’m not angry, I’m mad. I’m mad because I didn’t know all of this was going on, that’s what I’m mad about. I didn’t know he was taking that type of medication. They (the family) want justice to be done and that’s what is being done. I don’t know (if that means criminal charges).

“It’s the first time I’ve ever heard of the drug. That tells me that was foul play, that’s what it tells me and (there is) more to be investigated to see what was behind all of this stuff, not just Dr. Conrad Murray. Someone should pay. Not just someone, but all of them should pay that’s (sic) involved. I didn’t say doctors – everybody else that’s involved.”

The complete autopsy report of the pop icon – who died on June 25 – has not been released. (ANI)

MJ found sex difficult, says long-term pal

London, Aug 22 (ANI): Mark Lester, the long-term friend of Michael Jackson, has said that the King of Pop confided in him about his “difficult” sex life.

Lester made the revelation while opening up about his decision to donate his sperm to the superstar. He claims he could be the biological father of Jackson’s 11-year-old daughter Paris.

The former child star claims that the singer wanted his pal to donate sperm, because he was “nervous” about sex and found it “difficult”, reports The Daily Star.

He tells U.S. TV show Today, “We had conversations on the telephone and Michael was very shy when it came to women and he confided in me that he found it very difficult to actually do the sexual act. He knew I had three, at the time, lovely girls (daughters), so I jokingly said, ‘Michael if you don’t want to do it, why don’t I do it for you.’”

“(I don’t know) whether he just wanted to increase the chances of the artificial insemination, but he just said he was very, very nervous and said he wasn’t up to going through with the act.” (ANI)

Angry Lennon tapes may reveal secret behind Beatles’ split

Washington, August 20 (ANI): Previously unseen interviews with an angry John Lennon have surfaced, offering insight into what may have caused the Beatles to split.

The singer made a few revelations about the break up when interviewed by Rolling Stone publisher Jann Wenner, who released the 1970 tapes for rock journalist Mikal Gilmore’s Why The Beatles Broke Up article.

The tapes were also released to U.S. TV news show Entertainment Tonight, which recently aired the Beatle’s comments, reports Contactmusic.

Lennon told Wenner, “We sold out… and I felt sick”, adding “We got fed up with being sidemen for Paul.”

The musician also spoke about the band’s disrespect towards his wife Yoko Ono, saying, “They despised her… It seemed I had to be happily married to them or Yoko – and I chose Yoko.”

He added: “George insulted her right to her face and I didn’t hit him, I don’t know why. Ringo (Starr) was alright but the other two really gave it to us. I’ll never forgive ‘em.” (ANI)