Posts tagged ‘Elon Musk’

15/12/2016

PepsiCo CEO Indra Nooyi Is Latest Indian American to Sign Up to Help Donald Trump – India Real Time – WSJ

Chairman and CEO of PepsiCo. Indra Nooyi is the latest Indian American to be hand-picked by U.S. President-elect Donald Trump to advise him and help him run the country.

Ms. Nooyi’s appointment to his strategic and policy forum was announced Wednesday by Mr. Trump’s transition team as one of three new appointments to the 16-member group. SpaceX Corp’s Elon Musk and Uber Technologies Inc.’s Travis Kalanick were the other two appointments.

The forum will be called upon to meet frequently with Mr. Trump to discuss his economic agenda.“America has the most innovative and vibrant companies in the world, and the pioneering CEOs joining this Forum today are at the top of their fields,” Mr. Trump said in a news release. “My Administration is going to work together with the private sector to improve the business climate and make it attractive for firms to create new jobs across the United States from Silicon Valley to the heartland.”

Seema Verma, president and founder of SVC Inc. arriving at Trump Tower on November 22, 2016 in New York City.

Mr. Trump last month nominated Indian-American Seema Verma, CEO and founder of SVC Inc ., a U.S.-based health policy consulting company to serve as Administrator of the Centers for Medicare and Medicaid Services. “She has decades of experience advising on Medicare and Medicaid policy and helping states navigate our complicated systems,” he said.In November, Mr. Trump picked South Carolina Gov. Nikki Haley who is Indian in origin to serve as U.S. ambassador to the United Nations.

Ms. Nooyi, who was born in Chennai, India and later went to Yale University to study public policy and management, will have a direct line, along with others in the group, to Mr. Trump to advise him on economic policy, job creation and productivity, said the release.

Source: PepsiCo CEO Indra Nooyi Is Latest Indian American to Sign Up to Help Donald Trump – India Real Time – WSJ

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22/06/2016

India’s Space Agency Sends 20 Satellites Into Orbit – India Real Time – WSJ

India on Wednesday put 20 satellites into the Earth’s orbit, including 17 from foreign countries, a record number for its space agency as it seeks to become a low-cost and reliable choice for launches.

The successful mission by the Indian Space Research Organisation puts it right after Russia and the U.S. for the number of satellites launched from a single rocket so far, said an ISRO official. In 2014, a single Russian space launch vehicle deployed 33 satellites. A National Aeronautics and Space Administration rocket carried 29 satellites in 2013.

ISRO’s rocket, the Polar Satellite Launch Vehicle, carried its own Cartosat-2 series satellite for earth observation along with 13 satellites from the U.S., two from Canada, one each from Germany and Indonesia and two from Indian academic institutions.

“ISRO continues to break new barriers,” Indian Prime Minister Narendra Modi said on his Twitter account. He said the country’s space program “has time and again shown the transformative potential of science and technology in people’s lives.”

The launch comes as global space agencies face competition from private companies who are aiming to bring down the cost and time for manufacturing and launching satellites by automating their production and using unmanned reusable rockets.

U.S. businessman Greg Wyler has joined hands with Airbus Group SE to build an automated manufacturing facility in Florida that can churn out hundreds of satellites each year. Traditional satellites are built using touch labor. SpaceX, an aerospace startup founded by Elon Musk, successfully landed a rocket on an ocean platform in early May after launching a communications satellite.

India has been fast achieving recognition as a budget option for launching satellites. In 2014, ISRO put a satellite into the orbit of Mars, becoming the first Asian country to reach the red planet, and at fraction of the cost of a similar launch in U.S. and Europe.

In May ISRO launched the test model of its planned reusable space shuttle.  In April, it launched the seventh satellite needed to create its own navigation system, joining a small group of nations with their own versions of GPS.

The global space industry was estimated to be worth $330 billion in 2014, the latest year for which data are available, according to the Space Foundation, a U.S.-based research group. Commercial space activities comprised as much as 76% of the industry, it said.

There were 92 rocket launches in 2014, and Russia continues to hold its leadership in this area with 32 rocket launches, followed by U.S. with 32 and 11 by Europe, the Space Foundation said. It didn’t provide figures for India.Ajay Lele, a senior fellow at New Delhi-based Institute for Defense Studies and Analyses estimates the U.S. has about a 40% share of the global satellite-launching market, while Europe has 25% and Russia 20%. Countries such as China and India have a much smaller share of the market of about 3% percent or less, Mr. Lele said.

ISRO officials said after the launch they want to accelerate the pace of sending satellites into space by extending partnerships with private Indian companies. The space organization has launched more than 57 satellites from about 20 countries on board the PSLV over about two decades.

Source: India’s Space Agency Sends 20 Satellites Into Orbit – India Real Time – WSJ

14/02/2015

China surpasses affordable houses targets – Xinhua | English.news.cn

China completed the building of 5.11 million affordable houses in urban areas in 2014, with 2.29 million such projects under way, surpassing the goals set at the beginning of the year, the State Council announced at a press briefing on Friday.

The central government granted 198 billion yuan (32.35 billion U.S. dollars) to fund urban affordable housing projects in 2014, an increase of 25.1 billion yuan from the previous year, according to Qi Ji, deputy head of the Ministry of Housing and Urban-rural Development.

Throughout the past four years, more than 20 million affordable houses were completed, with 12 million under construction, and the assistance fund for building the houses has reached 710 billion yuan, according to Qi.

China has set goals to construct 36 million affordable houses, also called state-subsidized housing, public housing, or social housing, between the start of 2011 and the end of 2015.

“This year is the final year of the Twelfth Five-Year plan (2011-2015), and the government will accelerate the affordable housing project with a focus on transforming the shanty towns,” Qi said.

The Chinese government has been rolling out an affordable housing scheme since 2007, in an effort to provide homes to people unable to buy them at market prices. The efforts are also aimed at helping counter the slowdown in the property market in recent years.

via China surpasses affordable houses targets – Xinhua | English.news.cn.

08/07/2014

Car maker Tesla sued in China for trademark infringement | Reuters

U.S. electric car maker Tesla Motors Inc (TSLA.O) is being sued in China for trademark infringement, a surprise development that casts a shadow over CEO Elon Musk‘s ambition to expand rapidly in the world’s biggest auto market.

A Tesla Motors logo is shown at a Tesla Motors dealership at Corte Madera Village, an outdoor retail mall, in Corte Madera, California May 8, 2014. REUTERS/Robert Galbraith

Tesla said in January that the trademark dispute between it and Chinese businessman Zhan Baosheng – long seen by analysts as a barrier to Tesla’s entry into China – had been resolved. The car maker began delivering its Model S sedans to Chinese customers in April.

But Zhan, who registered the “Tesla” trademark before the U.S. company came to China, is now taking Tesla to court, demanding that it stop all sales and marketing activities in China, shut down showrooms and supercharging facilities and pay him 23.9 million yuan ($3.85 million) in compensation, his lawyer Zhu Dongxing said on Tuesday.

The Beijing Third Intermediate Court will hear the case on Aug. 5, according to a statement on the court’s website. Tesla China declined comment. Zhan declined to be interviewed.

The case underscores one of the thorniest problems faced by foreign firms in China. Global companies including Apple Inc (AAPL.O), Koninklijke Philips NV (PHG.AS) and Unilever NV (UNc.AS) have all been embroiled in trademark disputes in the country in the past.

Zhan, who claims ownership of the “Tesla” trademark, has long been a headache for the Palo Alto, California-based car maker and in part contributed to Tesla’s belated arrival in China.

Based in China’s southern province of Guangdong, Zhan registered the trademarks to the Tesla name in both English and Chinese in 2006. He had in the past sought to sell the label to the U.S. company but negotiations collapsed.

In January, Veronica Wu, head of Tesla’s China operations, told Reuters the company had resolved the trademark dispute that had prevented it from using “Te Si La”, the Chinese name best known among Chinese consumers, which Tesla wanted to use in China.

Zhan’s current lawsuit, however, brings new uncertainty to Tesla’s fate in China, which the firm had expected to become its biggest global market next year.

Apple Inc was embroiled in a similar case for years before reaching a $60 million deal last year for the rights to use the iPad trademark in China.

via Car maker Tesla sued in China for trademark infringement | Reuters.

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