Thursday, February 24, 2011

International Animated Film Society Considers Adding Editing Category to Annie Awards


American Cinema Editors, DreamWorks Animation and Sony Pictures Animation lobby organization for new category.

A growing number of individual and companies -- as well as American Cinema Editors group -- have asked the International Animated Film Society to consider adding an editing category in its annual Annie Awards.

DreamWorks Animation hosted a meeting Wednesday at its Glendale campus to discuss the issue. The meeting included a group of those that would like to see the category added -- including representatives from DWA, ACE and Sony Pictures Animation -- and ASIFA board members. An ASIFA board meeting was scheduled for Wednesday night, when a decision could be reached.

Darren Holmes, a co-editor of How to Train Your Dragon and an editor on such movies asRatatouille, brought the group into his cutting room, where he explained the editor's role in the story development process. Academy Award nominee Chris Sanders, who co-directedDragon, also spoke about role of the editor, whose work shaping the story begins early on with the director, writers and other key members of the creative team.

"A lot of the writing gets completed in the editing room," Holmes said, showing a series of early storyboards that were meant to open Dragon, featuring Hiccup waking up in his bed during the start of an attack. The film actually begins with an introduction to the Vikings' village. "The dramatic timing elements aren't in place until we build them here. ... Even the dialogue and performances themselves --sometimes a single sentence may be cut from five different takes."

"I look at editorial as a huge storytelling tool," Sanders said. "There was a critical moment inDragon where there was something about the movie that felt leaden." He said the team decided to step back and leave the film in editorial, where revisions were made.

"That really was really the turning point for the film," he said. "That version is the version that came to the screen. ... We spend more time in the cutting room there any place else (during production). It is the objectivity, among other things, that we rely on."

He added: "Layout is a gigantic part (of the animation process). Trying to figure out (elements such as where the camera is placed) before the animation is in, is a huge part of this -- and it all happens in editorial."
The editor of an animated movie may in fact be on a film for three or four years, Holmes noted.

"(Editors) work with the director to shape the final product," Oscar-nominated editorStephen Rivkin (Avatar), a member of ACE's board of directors, said during the presentation. "That may be trimming, adjusting, sometimes it is even rewriting,"

ASIFA's Annie Awards do recognize various roles, with categories including direction, writing, production design and music. For some, editing is a conspicuous absence from this list.

Even in live action, the role of editing -- often referred to as the "invisible art" -- can be overlooked. ACE is also asking certain competitions and film festivals to consider adding an editing category. Letters have been sent to the Shanghai International Film Festival, New York PictureStart Awards, Durban International Film Festival, Boston Film Festival and San Sebastian Film Festival. Rivkin explained that ACE is approaching festivals that already honor cinematography and/or production design.

Exporters tell govt to curb yarn price rise

Indicating a major rise in garment prices, both in the domestic and international markets, apparel exporters have sought the government's intervention to control a sudden spurt in the prices of cotton and cotton yarn in the past two months.

Like onion, the prices of these raw materials used by apparel makers have skyrocketed making their operations unviable. And any price hike of the finished products at the retail end could kill demand, say apparel exporters.

Cotton yarn prices in India have gone up by over 40 per cent in the last 45 days from Rs 45,000 a tonne to Rs 60,000 a tonne due to hoarding by speculators. This has created an artificial shortage in the market. "We need raw material security for the growth of this sector. Raw material prices have gone out of hand and it would affect employment and export targets. We don't want a blanket ban on cotton yarn exports but the government must devise some mechanism to control the abnormal price rise," said Premal Udani, chairman, Apparel Export Promotion Council (AEPC).

Looking for the right cut

Getting out of control

Apparel exporters have sought the government's intervention to curb a spurt in the prices of cotton and cotton yarn in the past two months
Cotton yarn prices in India have gone up by as much as 40 per cent in the last 45 days from Rs 45,000 a tonne to Rs 60,000 a tonne due to hoarding by the speculators. This has further led to an artificial shortage of the staple fibre in the market
AEPC'S expectations

Centre must continue the cap of 720 mn kg on export of cotton yarn till next season
Govt must remove import duty on cotton yarn alongwith a realistic drawback rate for the garment sector & a special incentive package to achieve an export target of $11 bn for fin yr 2011 & 10% growth thereafter
Govt must expand the textile upgradation fund scheme for the benefit for a large number of players in the sector
AEPC is the apex body of around 8,800 apparel makers in India who collectively exported garments and made ups worth $10.5 billion last year. Over 12 million people are directly and indirectly employed by this sector.

"Due to a recent move by the Centre to cap cotton yarn exports, apparel exports in the month of December surged to over $1 billion, indicating the revival of the sector. But the sudden rise in cotton and yarn prices has put up new challenges," Udani said. Exporters said that the domestic garment retail market is also bearing the brunt of this price rise and sales are fast depleting due to the rise in input costs. "If raw material prices are not controlled urgently, garment prices in shopfloors would go up in the next few months and this would affect the common man.

Besides, we will also fail to grab growing opportunities in apparel exports as some of the business from China is expected to shift to India due to a rise in labour cost there," said Udani.

He said even if 10 per cent of China's $115 billion apparel export business shifts to India, it would double India's export volumes. So, in the larger interests of the country the government must prevent massive import of cotton and cotton yarn to China by Indian traders at the cost of the domestic industry.

It has asked the Centre to continue the existing cap of 720 million kg on export of cotton yarn till the next cotton season as well as to remove import duty on cotton yarn. It has urged the government for a realistic drawback rate for the garment sector and a special incentive package from the commerce ministry to achieve the export target of $11 billion for financial year 2011 and 10 per cent growth thereafter.

AEPC has also asked the Centre to expand the textile upgradation fund scheme for the benefit for a large number of players in the sector as well as to route the funds under rural employment guarantee scheme via the sector to provide gainful training and employment to unskilled labourers in rural India.

Source:-http://businesstoday.intoday.in/bt/story/exporters-tell-govt-to-curb-yarn-price-rise/1/13403.html

Pakistan vs Kenya: Chasing 318, Kenya lose six wickets against Pakistan

Pakistan opened their World Cup campaign with a thumping 205 run win over an unimpressive Kenya in a group A match at Mahinda Rajapaksa International Cricket Stadium in Hambantota on Wednesday.

For Kenya it is their second consecutive defeat in the mega-event after being demolished by New Zealand by 10 wickets in their tournament-opener on Sunday. Score

Pakistan will next play Sri Lanka in Colombo on Saturday.

Against Kenya, Pakistan produced an all-round display as after piling up a mammoth 317 for seven on the board, they dismissed the minnows for a paltry 112 in 33.1 overs.

Even though he failed with the bat, skipper Shahid Afridi (5/16) led from the front while defending the target and returned with a five-wicket haul to notch up the comprehensive victory for the former champions.

For Kenya only four batsmen reached double figures with Collins Obuya top-scoring with a gutsy 47 off 58 balls.

Apart from Afridi, pacer Umar Gul picked up two Kenyan wickets giving away just 12 runs.

Earlier, Pakistan's middle-order came up with a splendid batting display to steer the team to a massive 317 for seven after opting to bat.'

Shrugging off a poor start, Kamran Akmal (55), Younis Khan (50), Misbah-ul-Haq (65) and Umar Akmal (71) chipped in with valuable half-centuries each to post a challenging total.

While it was the experienced duo of Younis and Kamran, who helped the team recover from an early stutter, Misbah and Umar capitalised on it to pile up huge runs.

From 12 for two in 6.5 overs, Younis-Kamran lifted Pakistan to 110 for three, sharing a crucial 98-run third-wicket stand before quickfire knocks from Misbah and Umar turned the tide completely in Pakistan's favour.

Misbah scored 65 off 69 balls with the help of one four and two sixes, while Umar hit 71 off 52 balls, including eight fours and a six as they put up 118 runs for fifth wicket.

Maoists put up fresh demands for collector's release


The Maoists put forward fresh demands after releasing the junior engineer Pabitra Majhi on Wednesday, putting a question mark over Malkangiri collector R. Vineel Krishna's return. Theinterlocutors negotiating with the state government confirmed that the Maoists have put forward new conditions for the release of the collector.
"This can complicate things," G. Hargopal, one of the three interlocutors, said. He appealed to the Maoists to release the collector latest by Thursday. "We had given assurance to the Orissa government that he will be released within 48 hours. We request them to release the collector tomorrow," Hargopal said. Sources said the new conditions, details of which were not available, could be on account of differences between top Maoist leaders of Orissa and Andhra Pradesh.
However, chief secretary, Bijay Patnaik said, "We still don't know when he will be released." Home secretary U.N.Behera expressed hope that Krishna would be released soon as the rebels had promised to set both the officials free within 48 hours.Amid the latest demands, the junior engineer reached Chitrakonda on Wednesday afternoon following his release. But the uncertainty over Krishna continued. Majhi said the Maoists had released him with the assurance that the collector would also be set free soon. "They told me that collector will be released in 48 hours. They treated us well," Majhi added.
On Tuesday, Maoist ideologue Varvara Rao had said the rebels had released both the officials. However, since they were being held in a difficult terrain their actual arrival home was going to take time. Majhi was released around 11 a.m. by the Maoists at Doliamba, a forested area in Malkangiri's cut-off belt from where he reached Jantapai village on a motorcycle with two people. After crossing the reservoir, he was taken to the Chitrakonda government guest house in an official vehicle.
Chief minister Naveen Patnaik said, "The mediators on behalf of the Maoists have given a firm commitment on the safe return of Krishna and Majhi within the next 48 hours."
Sources said an ambulance and a government vehicle had been kept ready on the other side Chitrakonda reservoir in anticipation of the collector's release. While the state government has already acceded to the 14 demands placed by the Maoists, the two sides held further talks on Wednesday on how to ensure that both sides kept their commitment.
On the other hand, in a significant development, the Orissa High Court on Wednesday granted bail to top Maoist leader Ganti Prasad. He was among the five Maoist leaders whose release was demanded by the abductors.

Warships being sent to evacuate Indians from Libya

NEW DELHI: Warships of Indian Navy are being despatched to evacuate Indians from Libya as the situation in the North African country continued to deteriorate because of clashes between supporters and opponents of Muammar Gaddafi. 

The ministry of external affairs asked the defence ministry to ready the warships to sail for Libya. 

The exact number of warships needed for the operation, which is likely to be a largescale one, and from where they will be despatched is being worked out. 

As the situation in Libya continued to worsen, foreign minister S M Krishna told Rajya Sabha on Wednesday that it may not be possible to spell out how much time it will take to evacuate all Indians even though, he said, the government was doing all it could to ensure their safety. Replying to queries from MPs over the issue, Krishna said all Indian nationals were safe "as of now". 

"It`s an extremely difficult proposition to spell out any timeframe for the evacuation. I can say that the government is serious and is concentrating on evacuating Indians in earliest possible time," Krishna said. 

There are about 18,000 Indians living in Libya, mainly in capital Tripoli and Benghazi. Krishna said there was need for a "much larger scale operation" as each ship could accommodate only 800-1,000 people. The minister also announced that an inter-ministerial committee headed by foreign secretary Nirupama Rao had been formed to coordinate efforts to ensure safety of all Indians in Libya. 

Chinese news agencies reported on Wednesday that Beijing managed to evacuate close to 3,000 people to neighbouring Tunisia by road. 

Krishna said the Indian ambassador to Libya had spoken to all Indian nurses stranded in Benghazi and that they were all safe. He added that because this was an evacuation, unlike the special flights operated earlier by Air India for Indians based in Egypt, no fare would be charged.

Wednesday, February 23, 2011

Ruia Group acquires German automotive fastener firm, Acument GmbH

Kolkata: The Ruia Group has acquired Germany-based automotive fasteners manufacturer, Acument GmH & Co KG, from US-based Acument Global Technologies Inc. With the acquisition of Acument's plants in Neuss, Beckingen, Neuwied and Schorzberg and its logistic centre in Koln in Germany, the Ruia Group has incorporated a new company - Ruia Global Fasteners AG (RGF).

According to Pawan K. Ruia, chairman of the Ruia Group, the group would invest approximately 4 million Euro in the company. He expects the company's turnover to be around 200 million Euro this year.

The acquisition was funded partly by internal accruals and rest was by three years sellers' credit.

Acument GmH & Co had a turnover of 227 million Euro in 2010. In 2008 following the global economic meltdown the company incurred a loss of 40 million Euro. Due to this Acument's board of directors had filed for insolvency in 2009. The company had posted a turnover of 800 million Euro before insolvency.

Robin Kendrick, former Vice President and General Manager of Acument Europe is now president and CEO of Ruia Global Fasteners Ltd.

The company has a 15 percent of market share in the fastener segment in Europe.

Pawan K. Ruia said that he had no intentions of shifting the operations to India. However, based on demand, the group may decide to locate additional manufacturing units in India.

This acquisition is expected to help the company tap opportunities during the next boom in the automotive market, which is projected to grow five times in India by 2020.

The Ruia Group had acquired Schlegel Automotive Europe Ltd in 2008, Draftex Automotive GmbH in 2009 and Gumasol Rubber Tec GmBH in 2010. This is the group's third acquisition in Germany.

This year the group is targeting a turnover of 335 million Euro (20.534 billion Indian rupees), of which 50 percent is contributed by it's overseas operations.

Source:-http://machinist.in/index.php?option=com_content&task=view&id=3101&Itemid=1

Sensex moves into the green

After a negative start, the Sensex has moved into the positive with the index gaining 35 points at 18,331 and the Nifty added 12 points at 5,482.In the broader markets, the situation is better with the smallcap index up 0.7% and the midcap index gaining 0.3%, both outperforming the Sensex which is up 0.1%

Among the sectoral indices, Realty up 1% is the top gainer in the morning trades followed by Auto, Power and Metal. Meanwhile, IT index down 1% is the major loser. Consumer Durables, Bankex, Health Care and FMCG are the other sectors trading in the negative.

Reliance Infrastructure up 9% is the top gainer among the Sensex stocks. HDFC, Sterlite, Reliance Communications, Tata Motors, Hero Honda, Bharti Airtel gaining 1% -2% are the other noteable gainers.

Infosys, SBI down 1% each, Wipro, TCS, BHEL,Bajaj Auto losing between 0.5% - 0.7% are the top losers in the morning trades.

The market breadth is positive. Of the total 2391 stocks traded on the BSE, 1435 stocks have advanced while 866 have declined.

PGCIL executives meet Nigerian Power Minister

Power Grid Corporation of India Ltd executives have met with Nigerian Minister of State for Power Nuhu Wya to buttress their case for assuming management control of Transmission Company of Nigeria after emerging as the lowest bidder for the role in a 2007 auction.

The Indian High Commissioner to Nigeria, Mahesh Sachdev, led a delegation of representatives from PGCIL and India's National Thermal Power Corporation (NTPC) to the office of the minister in the country's capital, Abuja.

He said the delegation had come to restate its commitment to work for the improvement of the Nigerian transmission system "for faster economic transformation".

"... India and Nigeria could be economic talking points of the globe in the next decade if they work together and appropriately deploy their surplus natural and human gifts," Sachdev said.

Wya was thankful for the visit even as he observed that diplomatic relations between India and Nigeria have improved greatly due to what he called the versatility and commitment of Sachdev since his arrival in Nigeria.

He stressed on the efforts made by the country to improve electricity demand under a new roadmap, which he outlined to the representatives.

PGCIL had said on its website recently that it was the lowest bidder amongst the three parties that submitted offers for management of Nigeria's transmission company.

"We had been short-listed two to three years back, but there had been delays and now we been named the lowest bidder," PGCIL Chairman S K Chaturvedi said.

Nigerian President Goodluck Jonathan, who faces two serious challengers in elections scheduled for April, has vowed to tackle the highly erratic power supply situation in the country.

Subscribe to Extraminds feeds

NDTV News - Top Stories

Latest Happenings all around the world Headline Animator