Ad or Not: Google Search Results for 'Silicon Valley'
Google “Silicon Valley.” Go ahead, we’ll wait. You might expect some interesting news about the tech center of the universe to pop up. Sure enough, it does.
Notice these “headlines” in a slider on the page:
  1. Stanford Robotics Reports “Bam-Bot” Damaged in Field Testing 
  2. Are Hooli shares on a tear? 
  3. Introducing Jack “Action Jack” Baker!
Perhaps you should invest in Hooli, if only that were a possibility. In reality, which is to say on HBO, Hooli is a fictional company that satirizes Google on the tech comedy “Silicon Valley.” Business Insider has the scoop about these Google search results:
These aren’t real news stories; they are satirical posts based on events in the television show “Silicon Valley,” whose third season began Sunday night.
The fake headlines link to Silicon Valley’s Google Posts page. Google describes Posts as “an experimental new podium” that allows individuals and organizations to connect with people searching for them on Google. Right now Google says the feature is “invite-only,” though there’s a waiting list that interested parties can join.
Business Insider reports that Posts “is not for ads, and Google is not charging businesses and brands for the privilege of posting, nor forming official partnerships with any of them.” Not for ads for now maybe. What else do you call promotional material embedded among non-promotional content?
Find more of our Ad or Not posts here


What's in a name! Rishi Kapoor sparks Congress outcry
Veteran film actor Rishi Kapoor on Wednesday sparked off a Congress outcry after he launched a scathing attack against the grand old party of India for naming Indian assets and government projects after its icons from the Nehru-Gandhi family.
In a series of tweets, Rishi Kapoor urged the Bharatiya Janata Party (BJP) government to re-name the assets that the Congress has named after the Gandhis -- Indira and Rajiv.
“We must name important assets of the country (after those) who have contributed to society. Har cheez Gandhi ke naam? (Everything is in the name of the Gandhis?) I don't agree. Sochna log! (Think people!)," Rishi Kapoor tweeted.
"Change Gandhi family assets named by (the) Congress. Bandra/Worli Sea Link to Lata Mangeshkar or J.R.D. Tata Link road. Baap ka maal samajh rakha tha."
He also questioned why Delhi's airport was named Indira Gandhi International Airport. "Why not Mahatma Gandhi or Bhagat Singh, Ambedkar or on my name Rishi Kapoor. As superficial."
The Bollywood actor apparently took a thread from Minister of State for External Affairs V.K. Singh’s demand on Tuesday that New Delhi's Akbar Road, where the Congress headquarters is located, be renamed after Maharana Pratap.
“If (names of) roads in Delhi can be changed, why not Congress assets/property ke naam? Was in Chandigarh, wahan bhi Rajeev Gandhi assets. Socho! Why,” the actor said.
The 63-year-old actor demanded that "Film City (in Mumbai) should be named (after) Dilip Kumar, Dev Anand, Ashok Kumar ya Amitabh Bachchan? Rajeev Gandhi udyog kya hota hai?"
The comments sparked off a furore in the Congress, with Gandhi loyalists slamming the actor.
Congress spokesperson Manish Tewari said the actor had no “role to play in the public life”.
“Last time I heard of him was in the movie ‘Bobby’. It is not worth to comment on,” Tewari told reporters in Delhi.
Congress leader Sanjay Nirupam in Mumbai said that Rishi Kapoor needed to learn history as he apparently had failed to realize the contributions the Gandhi family had made to build the nation.
He said he had sent Rishi Kapoor a list of Indian airports that have been named after Maharana Pratap, Shivaji Maharaj and Lal Bahadur Shastri.
“There are some who open their mouth for the sake of power and such people have a narrow mindset,” Nirupam added.
Congress spokesperson P. C. Chacko didn’t name the actor but said people were targeting the Gandhis "to get into the good books" of the ruling BJP.
“They want to please somebody in power. They can have it but not at the expense of the Congress. We don't take it seriously and it is not worth any comments at all," Chacko said in Delhi.
Rishi Kapoor said his father Raj Kapoor, a legendary Indian showman, has made the country proud more than “what has been perceived by politics”.
The actor’s view was supported by his Bollywood colleague Anupam Kher, known for airing his views rather brazenly. He stressed the importance of recognising "legends" from other fields like the arts, cricket and cinema.
Anupam Kher lauded the Narendra Modi government, saying that they don't 'have any yojna (scheme) after any political leaders".
“Rishi Kapoor is a very forthright person. He has not necessarily said all the right things but why should we attribute a reason behind it and make it less important by immediately coming to a conclusion that this is a political statement. It is not a political statement.”
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.




Bapoo Malcolm

1 year ago

For those who wish to find me, here is my latest address. 31, Krantiveer Vasantrao Narayan? Path, originally Krantiveer Vasantrao Narayan? Road, aka K V N Naik Path, originally Forjett Street, off Jaojee Dadajee Marg, aka J D Marg, originally known as Tardeo Road, (Yes, It was named after a DEITY!), Mumbai, originally known as Bombay, India, aka Bharat, aka Hindustan.

Just name them by numbers, North south 1,3, 5, and East West, 2, 4, 6, etc. in Block A, B, C, etc. Those will remain forever, no matter what they are called with every change of Government.

Quality of life? Deteriorating, aka Who cares?

Many years after our street was renamed, a taxi driver, staying there for long years, was surprised that is was actually his own Forjett Street!

Bapoo Malcolm

1 year ago

As for Chaco's comment, could not agree more. But then, we need to have an Uncle Tom's Road. In every place. Multiple remembrances. All inclusive; film stars, journalists, poet dads, fawning NGO heads, ex-Armywallas, political 'rebels', laid-off babus, et al.

Bapoo Malcolm

1 year ago

Jawaharlal had categorically stated that no monuments be named after him. It was not followed.

All parties are in the naming mode. Even when not in power, as a quid pro quo. Not only that, the names are so terribly long. The effect then gets lost. Chhatrapati Shivaji Maharaj Terminus is CST; a corporator even demanded that no tickets be issued to those who used the abbreviation! But then we have a fascination for verbosity. In the end we have MG Road, SV Road, (originally GB Road for Ghodbunder Road). VP Marg, for both Vitthal and Vallabh. I stay on KVN Naik Path. For Krantiveer Vasantrao N Naik Path. I believe the second 'N' stands for Narayan. Thirty years later, it still goes by its old name, Forjett Street.

The best thing to do is to not name anything after anybody, until 100 years after they are dead and gone. If they are remembered then, they deserve to be named.



1 year ago

i always used to wonder what a pilot like sanjay gandhi had in relation to borivli national park, or pm like jawahar lal nehru had in relation to hyderabad zoo or even indira gandhi had in relation to vizag zoo. did they fund it, build it, sanction it or even visit it???

PNB reports biggest quarterly losses in banking history

Public sector lender Punjab National Bank (PNB) on Wednesday posted massive net loss of Rs.5,367.14 crore for the fourth quarter ended March 2016 caused by provisioning for bad loans.

This is the highest quartely loss reported by any bank in India, as non-performing assets or bad loans soared. 

Banks have been forced by the Reserve Bank of India to provide higher amounts for the bad loans, thus ensuring that the red ink spreads across their balance sheets.

The bank had posted net profit of Rs.306.56 crore in the corresponding period of 2014-15, according to regulatory filing.

The bank reported its bad loas at Rs 55,818 crore compared to Rs 34,338 crore in the previous quarter. As percentage of total loans, the non-performing assets amounted to 12.9.

“This is by far the highest ever increase in NPA (non-performing aset) recorded by any bank,” Siddharth Purohit, senior equity research analyst -- banking, Angel Broking told IANS.

It is the much higher provisioning that PNB allotted in the fourth quarter to balance the high NPAs that lead to such a massive loss, he said. 

The bank reported provisions (other than tax) and contingencies at Rs.10,485 crore in the fourth quarter of 2015-16. The amount of of net NPAs were at Rs.35,422 crore for the quarter ended March 31, 2016.

“The bank intentionally took much higher provisions for cleaning up of the balance sheet. Naturally they had to take provisions for the high NPAs as they had not accounted for the asset quality review in Q3 of the previous fiscal,” Purohit said.

Reserve Bank of India had given a deadline for all banks to complete their asset quality review by March 31, 2016.

Although PNB has not disclosed the NPAs sector-wise, Angel Broking believes it is metal and commodity sector that is responsible for the bank's high NPAs.

“PNB has come out with numbers much lower than our and street’s expectations. The point of worry is that the bank believes the cleaning up exercise of balance sheet is not over. We believe pain to continue in FY17 also, with regards to asset quality,” he said.

“Going ahead certainly this kind of loss will not be there for the bank. Though asset quality has still not stabilised, the last part is done,” he added.

The total income of PNB has decreased to Rs.13,276.19 crore for the quarter ended March 31, 2016 from Rs.13,455.65 crore in the quarter ended March 31, 2015, the BSE filing said.

For the entire fiscal 2015-16, the bank has posted a net loss of Rs.3,974.39 crore for the year ended March 31, 2016 as compared to net profit of Rs.3,061.58 crore for the year ended March 31, 2015, PNB said.

Total income for 2015-16 has increased to Rs.54,301.37 crore from Rs.52,206.09 crore for the year ended March 31, 2015.

PNB posted a consolidated net loss of Rs.3,689.77 crore for the year ended March 31, 2016 as compared to net profit of Rs.3,399.60 crore for the year ended March 31, 2015, it said.

PNB stock closed on Wednesday at Rs.76.20 a share, up 2.40 points, or 3.25 percent, over its previous close on the BSE.


Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.



Ramesh Poapt

1 year ago

PNB was number 1 in all 20 banks(best) a decade back.
It is again No.1, but....OMG........ in NPA/loss !

Nataraj S K

1 year ago

I had expected this sort of a situation to arise six years back. The shoving of NPAS under the carpet, and concealing them had to, one day,come out in the open. This has started happening in the last few quarters. This is no surprise at all to me. Banking has to be done professionally,and not in an amateurish manner. The system stinks,and as a consequence,the economy is at grave risk and danger. The RBI Governor needs to be complimented for the various clean-up measures initiated,and for also changing the way the management heads,like CMD,EDs. of the Bank are picked. It will be foolish to expect results to follow immediately,as the malaise is very deep-rooted. It will take a couple of years or more to ensure that health is restored in the Banking system. The continuance of Raghuram Rajan will give a boost to the restoration and revival of the banking sector. Calls for his sacking should simply be ignored,as they are only due to political reasons. As the adage goes,good economics is bad politics. I only hope good sense prevails on the powers that be,to see reason and to take right decisions in a timely, effective manner.

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