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The new Ferrari 488 Spider to be launch soon

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The new Ferrari 488 Spider comes with a 3902cc turbo-charged V8 engine with a total power output of 660HP and a maximum torque of 760 Nm, which is mated to a eight-speed twin-clutch paddle-shift gearbox with Variable Torque Management. Ferrari revealed the new 488 Spider on Wednesday, which promises extreme performance and exhilarating drop-top driving pleasure.

The new addition to the Ferrari clan will be launched sometime next year, reports say. The new Ferrari 488 Spider goes from 0 to 100 km/h in 3 seconds and from 0 to 200 km/hr in 8.7, with a top speed of 327km/hr.

The turbo V8 has a unique character too, delivering increasing levels of power right across the rev range, and completely eliminating the traditional turbo lag with a throttle response time of just 0.8 seconds.

The Ferrari 488 Spider is also the most aerodynamically efficient spider in the Ferrari history. The Ferrari engineers managed to achieve optimal down-force and reduced drag - simultaneously by introducing innovative devices including a blown spoiler and an aerodynamic under-body incorporating vortex generators.

The electronic systems are fully integrated with the SSC2 Side Slip Angle Control System, resulting in 12 per cent faster acceleration out of corners than the 458 Spider.

However, the prices for the new Ferrari 488 Spider will be confirmed only at the Frankfurt Motor Show in September, but reports say that it will be available in the International market for a price of Rs 2.04 crore.

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15 crore notes of Rs 1 to print every year by Government

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New Delhi : The government of India has decided to print 15 crore currency notes of Rs 1 every year with effect from January 1, 2015, as entitled under the provisions of the Coinage Act, Parliament was informed today.

"Government has issued gazette notification dated December 15, 2014 to print Re.1 currency notes with effect from January 1, 2015, under the provisions of the Coinage Act," Minister of State for Finance Jayant Sinha told the Rajya Sabha in a written reply.

The government has, thereby, decided to print 150 million one rupee notes per year, he said.

The minister also informed the upper house that printing of Rs.1, 2 and 5 denomination notes were discontinued by the Reserve Bank of India because of the high cost of printing involved. "At present, there is no proposal to issue Rs.2 and 5 denomination notes," he added.

Notable, recently on July 2 there was a shocking news about the note of Rs 1 that is, the cost of printing one rupee note is more than its value. The cost of printing one rupee note is Rs 1.14.

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Welcome Back released a song name 'Tutti Bole Wedding Di...'

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Mumbai : A song from the upcoming movie 'Welcome Back' has been released, the name of the song is 'Tutti Bole Wedding Di...' The singers of this song are Meet Bros and Shipra Goyal. This song contains Anil Kapoor, Nana Patekar, John Abraham, Shruti Hassan, Paresh Rawal and Surveen Chawla.

There is nothing special in this song, it looks like a Punjabi wedding song. This song is just as refreshing your mind and you will forget it after just some time of listening because there is nothing special in the lyrics also.

Upcoming Bollywood film 'Welcome Back' is the sequel to the 2007 ‘Welcome’. The film has lots of fun and you will much enjoy this time. This time, there are some new faces also seen in the film.

The movie is a comedy drama film of Bollywood directed by Anees Bazmee and star cast is John Abraham, Shruti Hassan, Nana Patekar, Anil Kapoor, Presh Rawal, Naseeruddin Shah and Dimple Kapadia in the lead role.

The film is produced by Firoz Nadiadwala along with F.M Khan and presented by Base Industries Group. The film will hit the theaters on 4th of September, this year. 

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Bharti Enterprises CEO Sunil Bharti Mittal receives package of Rs 27.17 crore

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New Delhi : The chairman and Group CEO of Bharti Enterprises, Sunil Bharti Mittal has received a total pay package of Rs 27.17 crore for fiscal year 2014-15, an amount which is 324 times of the median employee remuneration of the company.

Sunil Bharti Mittal is the CEO of Bharti Enterprises and the Group flagship Bharti Airtel, with operations in 20 countries across Asia and Africa and a customer base of over 275 million, is India's largest telecom company and world's third largest mobile operator.

Mittal's total remuneration dipped marginally by 2.52 per cent, from Rs 27.88 crore in 2013-14, largely because of a sharp decline in his "performance linked incentives" from Rs 13.5 crore to Rs 8.25 crore. His 'salary and allowances' have otherwise almost doubled to Rs 18.46 crore in 2014-15.

Disclosing these details, the company in its annual report for 2014-15 said that Mittal's remuneration was 323.63 times of the median remuneration for all its employees.

This ratio is the highest in case of Mittal in comparison to any other director for the company, followed by CEO (India and South East Asia) Gopal Vittal whose remuneration was Rs 5.34 crore (excluding perquisite value of stock options)-63.63 times of the median staff pay.

There has been a decrease of 2.3 per cent in median remuneration of employees in fiscal 2014-15, while the number of permanent employees on the roll of the company was 9,202 as on March 31, 2015.

The revenue growth during 2014-15 was 11.17 per cent and net profit growth was 100 per cent. The average increase in the remuneration of employees excluding key managerial personnel was 10 per cent. All listed companies have been asked to mandatorily disclose these ratios and comparisons, beginning fiscal 2014-15, under the new corporate governance norms of Sebi.

The company posted a revenue of Rs 92,039.4 crore for the year whereas the net profit stood at Rs 5,183.5 crore.

Bharti Enterprises was founded by Sunil Bharti Mittal with his two siblings in 1976. The company started with manufacturing bicycles before diversifying into other sectors. It entered into telecommunications industry in 1995. Bharti is present in many sectors with the largest revenue contribution coming from telecom industry.

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