Wednesday, October 22, 2014

Saketh Myneni stuns top seed to clinch maiden ATP Challenger title

Myneni Indore Open Trophy
Indian youngster Saketh Myneni clinched his maiden ATP Challenger level singles title after getting the better of Aleksandr Nedovyesov of Kazakhstan in a hard-fought three setter in the Indore Open on Sunday.

The 26-year-old Saketh, ranked as low as 451, showed a lot of character against the top seeded Kazakh player to post a 6-3 6-7(4) 6-3 victory in a final battle that lasted a little over two hours at the Indore Tennis Club. 

With this victory, Saketh, who won a gold and silver in doubles at the recent Asian Games in Incheon, earned 80 points in the ATP rankings. 

Saketh had earlier won two doubles Challenger-level titles this season with compatriot Sanam Singh. Besides, he had reached quarterfinals in Karshi and in Chennai Challengers earlier this season. 

The top seeded Kazakh started on a positive note, getting 80 per cent of his first serves right in the opening set, even as Saketh mixed up his serves to keep his rival on his toes. 

And the moment Nedovyesov faltered for the only time in the set, Saketh capitalised on the breakpoint to run away with it 6-3. 

The second set also saw Saketh in fine form, serving seven aces. But the world no. 118 fought hard to stay alive in the contest as he managed to save as many as three breakpoints to take the set to the tie-break. 

In the tie-break, Saketh committed a couple of unforced errors and that was enough for the Kazakh to draw level at a set apiece, taking the match to the decider. 

It was a complete domination by Saketh in the third and final set and he barely conceded two points on his serve until the final game. 

Saketh broke Nedovyesov in the fourth game to open up a 3-1 lead and it seemed as if the Indian would comfortably wrap up the match, more so with the Kazakhstan player unable to make any inroads into Saketh's serve. 

However, serving for the match at 5-3 (40-15) in the final set, Saketh showed signs of nervousness as he let go of both the match points and allowed his opponent to draw deuce for the first time in the set. 

The Indian then managed to hit an ace to set up yet another chance for himself but he subsequently let go off two more match points before finally wrapping it up.

Microsoft Is Paying CEO Satya Nadella $84 Million

Microsoft just revealed how much it is paying its new CEO, Satya Nadella. All told for the first year, it's a package worth $84 million, the company said in a regulatory filing.
It breaks down like this:

Base salary of $918,917,

A cash bonus of $3.6 million,
A one-time grant of stock valued at $59.2 million in connection with his promotion to CEO that he will not be able to cash out until 2019,

and another one-time stock grant worth $13.5 million given to him in August 2013, to keep him around during the CEO search process.

With these grants, his stock holdings jumped from 231,116 shares before he was CEO, to 4.9 million shares after he got the job.

Microsoft says that without the one-time stock grants, his compensation adds up to the much more modest sum of $11.6 million. The company also agreed to a $17.4 million golden parachute if the whole CEO gig doesn't work out.

It's hard to compare this pay to Steve Ballmer's. Ballmer's money mostly comes from the enormous stake he still holds, 4% of the company, 333 million shares. In 2014, Ballmer made $483,584 in salary. Which isn't a lot of money for a CEO but he also left the job in February.

Nadella's first-year compensation pay package does fairs well compared to other first-year tech CEOs:

Oracle is paying its new co-CEOs Safra Catz and Mark Hurd $37.7 million apiece for their first year since they were handed these new titles, including their one-time stock awards. And that was a pay cut from $44 million the year before. Their jobs haven't really changed. And their boss, Larry Ellison, is still higher paid. He's making $67 million in 2014.

Tim Cook's first-year pay was off the charts: a staggering $378 million, mostly from a huge one-time stock grant. His pay has since come down to a mere $4.3 million in 2013 (but about $70 million of his stock options vested that year, too).

Marissa Mayer was paid $36.6 million her first year as the CEO of Yahoo.

IBM CEO Ginni Rometty was paid $16.1 million for her first year.

Meg Whitman's pay package was valued at $15.3 million for her first year, but under her reign, the stock has tripled in value, so those one-time stock awards are worth a lot more now.

Nadella's pay is of particular interest since he's indicated that he's never asked for a raise in his life. He prefers to work hard and trust that the system will reward him appropriately.

We don't know if that means that he doesn't negotiate for a salary when taking on a new job. But whatever he's doing, his methods are working for him.

Thursday, October 16, 2014

Air Costa set to fly pan-India

Air Costa chairman Lingamaneni Ramesh (left) addresses reporters on the occasion of the airline’s first anniversary in Vijayawada on Wednesday.  (Photo: DC)
Vijayawada: Vijayawada-based regional airline Air Costa plans to transform itself into a national airline in the coming years, said its chairman Lingamaneni Ramesh on Wednesday. Speaking on the occasion of its first anniversary, Mr Ramesh said that it is going to introduce two more flights  from Vijayawada from January 2015.

At present the airlines is operating 38 daily flights to 9 cities  including Chennai, Bangalore, Hydreabad, Jaipur, Ahmedabad,  Coimbatore, Visakhapatnam and Tirupati

Denty’s third clinic at Chennai

Hyderabad-based multi-specialty dental care chain Denty’s has set up its third clinic in Chennai. This is the 11th outlet in the country for the chain, which was launched in 2009 and has presence in five cities in Andhra Pradesh, Tamil Nadu.

“We are planning to foray into Bangalore and Mumbai with the aim to be pan-India by next year with at least 50 clinics,” said Dr Sekhar Chennupati, Managing Director, Denty’s Dental Care. Denty’s invests 1.5 crore in setting up each outlet. Chennupati sees a great potential for dental care services in the country.

With the changing lifestyle, there is a need to elevate awareness on the significance of oral health and its impact on general health, he said. In April 2014, the company raised 27-crore private equity funding from Helion Venture Partners for an undisclosed stake

Wednesday, October 15, 2014

Donavalli Harika best woman in Poker Masters Chess

Isle of Man (UK): Grandmaster and former world junior champion Donavalli Harika was adjudged the best woman player after she settled for a draw with Alon Mindlin of Israel in the ninth and final round of Poker Masters Isle of Man Chess tournament that concluded here.
Harika knew that a draw would be enough for the first place and did not exert much in the last game of the tournament. The Indian finished with 5.5 points -- enough to clinch the top prize in the women's category (2000 pounds).
Grandmaster Nigel Short of England won the tournament with an impressive victory over overnight joint leader and compatriot David Howell in the final round.
Short came up with an excellent King side attack leaving Howell's kingside in tatters. The victory was worth 6000 Pounds for Short. Indian Grandmaster Abhijeet Gupta could not reverse his fortunes and had to split the point with Jorden Van Foreest of Holland. Gupta ended up in 12th place on 5.5 points.
Harika took the honours in Women's section by going for the sharp Ragozine defense as black against Israel's Alon Mindlin. Mindlin thought he had some chances after he stopped Harika from castling but soon after trading of the queens, it was clear that black's position was impregnable.