Career
Nikesh Arora finally resigns from SoftBank as President
Nikesh Arora, one of the highest paid executives in the world, has resigned from Japan-based Softbank Group Corp (SBG). He will continue to remain as an advisor to Softbank. According to Softbank, Arora's resignation from the position of Representative Director and Director of SBG will become effective with the expiration of the term of office at the conclusion of the 36th Annual General Meeting of Shareholders scheduled on 22 June 2016. 
 
The resignation comes after unverified reports of disagreement between Arora and CEO Masayoshi Son as regards to when Arora would replace Son as head of the group. He was earlier touted as Masayoshi Son's successor. Son said, “As I said when these allegations first became public, I have complete trust in Nikesh and I am pleased the special committee has looked into these claims thoroughly and concluded they are without merit.” 
 
This resignation has surprised many market watchers as he was given a clean chit in an internal investigation conducted by Softbank to review the allegations that a group of investors had raised against Arora. The allegations were levelled by a group of anonymous investors through law firm Shearman & Sterling LLP and Anderson Mori & Tomotsune. They levelled allegations like having conflict of interest as he was also senior advisor to private equity firm SilverLake. He was also under criticism for some of the investments made under his tenure. A letter to the Board of Sprint, which is controlled by Softbank, also asked for his removal as Director. 
 
Nikesh Arora was one of the highest paid global executives with a whopping pay package of around $73 million (Rs490 crore) for FY15-16. This high-flying executive earlier had a decade-long stint with Google Inc. after which he joined Softbank in 2014. Under his tenure, Softbank made investments in many Indian e-commerce ventures like Snapdeal, Ola Cabs, Housing.com and Oyo Rooms. Softbank is also the biggest shareholder in e-commerce major Alibaba. 
 

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Share ride with colleagues, friends with RideMantra app
RideMantra is a free service that has come up with a peer-to-peer people connect platform to ensure the commutes of employees of an organisation is hassle free and cost effective. RideMantra, which works through a website as well as app, lets you find your colleagues, friends or other verified people travelling on the same route and allows you to share your ride with them, thus saving costs in a secure manner.
 
Why RideMantra?
These days it is tough to use crowded public transport options to reach work or go for client meetings. Even using one’s own car or bike is a nightmare with the traffic and parking problems on a daily basis. This is where RideMantra app comes handy.
 
RideMantra lets you find your colleagues, friends or other verified people travelling on the same route and allows you to share your ride with them, thus saving costs in a secure manner. It is available on the web and popular mobile app stores and will go a long way in easing your commuting troubles. The company claims that all the rides on RideMantra are insured for 24 hours from the start of the ride – for free.
 
In addition, the company claims that its service benefits all. For thsoe who want to avail sharing, it is on the go and does not require planning. Those providing share ride can get paid by the seekers, thus saving on cost of travelling. 
 
How it works
RideMantra works through a website as well as app. The platform recommends using the app which gives user the benefit of GPS to find fellow riders. 
 
Once you have signed up, simply open the App (or login on the website) and enter your travel plans. RideMantra will display the suitable ride matches in a friendly map and chat view. Choose your best match, chat with them and share the ride.
 
Who can use RideMantra?
Anyone with a legitimate email address and mobile number can join RideMantra. Those willing to share their vehicle must additionally have a valid driving license and the vehicle documents. However, RideMantra users need to be at least 18 years of age to use the service.
 
Is RideMantra restricted to specific cities?
There are no restrictions like city limits or place. RideMantra can be used to commute or travel from anywhere to anywhere as long as someone else is on the same route and time as you. The beauty of our people connect platform is that it matches riders on basis routes independent of whether it is intra-city or inter-city in any country across the world. However, the services are presently being offered in India only.
 

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HP Inc. brings world's thinnest, sleekest laptop to India
Style and luxury with powerful performance. With these words, HP Inc on Tuesday unveiled the world's thinnest laptop HP Spectre 13 in India which is as thin as a AAA- battery at just 10.4 mm and weighs only 1.1 kg with 13.3-inch edge-to-edge display.
 
The device will be available in India from July 25 with a starting price of Rs 1,19,990.
 
Coming with a jaw-dropping design, Spectre 13 is equipped with sixth generation Intel Core i5 and i7 processors, 8GB RAM and hyperbaric cooling technology that helps the device draws cool air and directs it over the processor rather than just venting heat out, thus keeping the device cool with peak performance.
 
“Targeted at the youth, the launch of Spectre 13 is to make our mark in the premium market in India. We are already the leader in the overall Indian PC market and with this device, we will push our innovations and experiences deeper into the domestic market,” Ketan Patel, Director, Personal Systems Business, HP Inc India, told IANS.
 
“India is poised for a technology leap and Spectre 13 will fulfil the requirements of the young millennials. It is truly a non-compromised product when compared with the rival premium products in the same category,” Patel added.
 
Launched by filmmaker Muzaffar Ali and his wife Meera at an event in the capital, the premium notebook has full HD IPS Corning Gorilla Glass 4 display and Bang & Olufsen audio with Quad Speakers Sound.
 
High-gloss copper accents reflect a hand-polished, jewellery-like finish and an innovative hidden piston hinge creates the illusion of a hinge-less design to offer an unmatched premium look-and-feel.
 
An innovative hybrid battery split into two thinner pieces delivers the same wattage as a single battery for up to 9 hours 45 minutes of charge.
 
It has three full function USB Type-CTM connectors, including two of which support ThunderboltTM, to provide a fast, versatile I/O (input/output) connection.
 
“We are at the forefront of delivering industry-leading innovation and HP’s Spectre 13 is a beautifully crafted Notebook and a reflection of what many millennials aspire to be -- exceptional, cool, dazzling, standing out from the crowd, but making an impact,” added Rajiv Srivastava, Managing Director, HP Inc. India.
 
The device packs in a lightning fast PCIe solid-state drive (SSD) with storage up to 512GB with up to 8GB of memory.
 
Being skinny is the new buzzword and HP Inc -- while re-jigging their notebook portfolios for the premium segment -- have joined the race to shed weight and go thin in recent months.
 
“The awe-inspiring Spectre 13 is everything that an artist would want to see in a technology product. The colour, the sleek design, the craftsmanship and sheer elegance of the HP Spectre inspired us to create something that is equivalent in the fashion world,” Ali said.
 
 
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.
  

 

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