Leisure, Lifestyle & Wellness
India out of Oscars race
Los Angeles : Indian regional films “Court”, "Jalam", "RangiTaranga" and "Nachom-ia Kumpasar", which were vying for a spot in different categories of the upcoming 88th Academy Awards, couldn't make it to the nominations list of this year's Oscars.
 
The nominees for the 88th Academy Awards were announced here on Thursday by Academy President Cheryl Boone Isaacs, actor John Krasinski and filmmakers Guillermo del Toro and Ang Lee.
 
While filmmaker Chaitanya Tamhane's debut Marathi film “Court” was earlier out of the Best Foreign Language Film category of the prestigious awards gala losing its battle against films like "Embrace of the Serpent" (Colombia), "A War" (Denmark), "Mustang" (France), "Son of Saul" (Hungary), and "Theeb" (Jordan), hopes were high from "Jalam", "RangiTaranga" and "Nachom-ia Kumpasar", which were competing in categories including Best Original Song and Best Original Score.
 
However, none of them were able to make it to the Oscar nominations. 
 
Malayalam movie "Jalam" and Indo-Australian film "Salt Bridge", which were included in the long list of the Best Original Song category, have been dropped from the nomination list. The tracks which are included in the category are “Simple song 3” (“Youth”), “Manta ray” (“Racing Extinction”), “Writing’s on the wall” (“Spectre”), “Till it happens to you” (“The Hunting Ground”) and “Earned it” (“Fifty Shades of Grey”).
 
Both the films along with Konkani movie “Nachom-ia Kumpasar” were amongst 112 films that were contending for a spot in the Best Original Score category.
 
They lost the chance of bringing India the golden statuette to “The Hateful Eight”, “Sicario”, “Star Wars: The Force Awakens”, “Carol” and “Bridge of Spies” -- a Steven Spielberg and Reliance Entertainment Film production.
 
India has never won an Oscar, even though "Mother India", "Salaam Bombay!" and "Lagaan: Once Upon a Time in India" were nominated in the Best Foreign Language Film category in different years. 
 
Though none of the Indian films could make it to the nominations list of the prestigious awards, Indian-American Pixar artist and director Sanjay Patel's animated short film "Sanjay's Super Team" managed to get nominated in the Best Animated Short Film category. 
 
It is up against “Bear Story”, directed by Gabriel Osorio, “World of Tomorrow”, helmed by Don Hertzfeldt, Richard Williams's “Prologue” and “We Can’t Live Without Cosmos”, directed by Konstantin Bronzit.
 
The 88th Oscars will be held on February 28 at the Dolby Theatre here.
 
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.

User

IT budgets to be flat in 2016: Infosys
Bengaluru : Spending by global enterprises on information technology (IT) in 2016 would be same as in 2015 or less due to global uncertainty, a senior Infosys executive said on Thursday.
 
"IT budgets for this year (2016) are yet to be finalised. As global uncertainty continues, we expect budgets to be flat or less than in last year," Infosys chief operating officer U.B. Pravin Rao told IANS here.
 
Though non-discretionary spend, required to man and run IT operations will continue across verticals, especially in the financial and other services, discretionary spending on new projects, new services and new products will depend on growth and business needs.
 
"As clients want more for less, we are cutting their costs through automation and artificial intelligence to drive their growth by other means," Rao said after the global software major reported robust performance in a weak and tough third quarter of 2015-16.
 
As enterprises reduce cost of their IT operations and use smart technologies like cloud, mobility and data analytics to minimise overheads, vendors like Infosys are made to add value to their services to retain clients and sustain growth.
 
With crude oil prices plummeting to a record 12-year low (below $30 per barrel), the IT major's clients in the energy sector, especially oil and gas are unlikely to have discretionary spending till they recover from the present slump.
 
"As energy sector is under pressure, we do not foresee discretionary spending by its customers till oil prices recover substantially," Rao admitted.
 
With global economy on downslide and IT users wary of investing more than required in the short and medium term, the outsourcing major is doing its best to retain clients through volume growth despite billing pressure.
 
"We have done well in a quarter considered tough due to furloughs, holidays or less working days and headwinds in a few verticals such as energy, manufacturing and telecom while retail was soft," Infosys chief executive Vishal Sikka told IANS.
 
Nothing that visibility was less as it was traditionally a weak quarter being year-end for most of its global clients who operate on calendar year (January-December), he said sequential growth and new multi-million dollar deals demonstrated that the company was resilient to ward off headwinds and stay on course in line with the revenue guidance revised for this fiscal.
 
"Our revised guidance, however marginal, shows we will be back to the industry growth in double digits by end of this fiscal (March 31) by sustaining our growth momentum seen in second quarter (July-September)," Sikka added.
 
Admitting that volatility in foreign exchange and a depreciating rupee had impacted operating margins, chief financial officer M.D. Ranganath said operating profit was negative sequentially and annually.
 
"Though we benefited from a weak rupee as non-operating income, it was offset by offshore costs and cross currency volatility," he pointed out.
 
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.

User

Punita Kumari Sinha, wife of MoS (Finance) Jayant Sinha, appointed Infosys director
Bengaluru : Global software major Infosys Ltd on Thursday appointed noted investment manager Punita Kumar Sinha, wife of union Minister of State for Finance Jayant Sinha, as an independent director on its board.
 
In a regulatory filing to the Bombay Stock Exchange (BSE), the IT bellwether said Punita Kumar Sinha was appointed as an independent director with effect from Thursday.
 
Her appointment comes in place of Carol M Browner, who resigned as a board member on November 2015.
 
In a brief profile in the filing, the company, however, did not mention that Punita's husband is a minister in the the central government.
 
Sinha is the son of former finance and external affairs minister Yeshwant Sinha in the previous NDA government (1999-2004) and Punita Sinha is former senior managing director at The Blackstone Group.
 
The news about the appointment came on one line on page four of the seven-page press release on its third quarterly results under "Board Changes" and had no detail about her.
 
Punita Sinha is also a founder and managing partner of Pacific Paradigm Advisors, an independent investment advisory and management firm, focussed on Asia.
 
Her appointment and its announcement without details came under flak in the social media, as she is a wife of a union minister with an important portfolio (finance).
 
Congress MP Rajeev Shankarrao Satav tweeted: "Infosys Appoints Punita Sinha, Wife of Jayant Sinha, as Director. Clear case of #Nepotism?"
 
"Her Husband has a Day Job 'Union Minister of State, Finance' and She is privy to Govt's Financial Policies," said user Pankaj Tiwari.
 
Besides Punita, outgoing independent director Jeffrey S Lehman was re-appointed for a two-year term from April 14, 2016.
 
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.

User

COMMENTS

PPM

10 months ago

I don't think she bring-in any value to INFY and the appointment may be due to pressure from the Minister.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)