Friday, March 11, 2011

Earthquake Information In Japan




The earthquake struck the mountainous plateau that separates Qinghai province from Tibet, one of China’s poorest regions.

A series of aftershocks collapsed houses, schools and offices in the ethnic Tibetan county of Yushu, leaving survivors without shelter in freezing conditions. The Qinghai plateau sits around 9,800 feet above sea level, on average.

The situation of several villages higher up in the mountains is still unknown, and roads and communications have been cut.

The foothills to the south and east of the affected area are home to mostly nomadic herdsmen, while the area to the north and west is desolate and sparsely populated.

In Jyeku, the county capital, around 300 people had been killed, according to Huang Limin, the deputy secretary-general of the local government. The People’s Liberation Army has been dispatched to help the rescue efforts.

Zhuohuaxia, a local government spokesman, told the Xinhua state news agency, “I see injured people everywhere. The biggest problem now is that we lack tents, we lack medical equipment, medicine and medical workers,”.

He said more than 85 per cent of houses had collapsed.The official said, “There is a big crack in the Yushu Hotel, the four-storey meeting hall of the prefecture government has collapsed,” .

He added, At least part of a vocational school had also collapsed and “a lot of students are buried underneath,” .

The quake was centred 150 miles north of Qamdo in Tibet and 235 miles south of the mining town of Golmud in Qinghai, and had a depth of 6.2 miles according to the United States Geological Service.

A 6.2 magnitude quake rattled Golmud in August last year, triggering landslides and the collapse of about 30 homes, but there were no reports of casualties.

A magnitude 8 quake in May 2008 in neighbouring Sichuan province devastated a huge area of South Western China, leaving at least 87,000 people dead or missing.

Huge Tsunami Hits Japan After Massive Earthquake In Japan




TOKYO: The biggest earthquake to hit Japan in 140 years struck the northeast coast on Friday, triggering a 10-metre tsunami that swept away everything in its path, including houses, cars and farm buildings on fire, media and witnesses said.

The death toll from the earthquake has reached 19, press reports said. The dead included a 67-year-old man crushed by a wall and an elderly woman killed by a fallen roof, both in the wider Tokyo area, press reports said.

Three were crushed to death when their houses collapsed in Ibaraki prefecture, northeast of Tokyo.

The National Police Agency, charged with compiling nationwide data on natural disasters, could not immediately confirm the figures.

"The damage is so enormous that it will take us much time to gather data," an official at the agency said.

In Fukushima prefecture, four million homes were without power. The 8.9 magnitude quake caused many injuries, public broadcaster NHK said, sparked fires and the wall of water, prompting warnings to people to move to higher ground in coastal areas. ( Japan nuclear plants shut after quake )

The Philippines, Taiwan and Indonesia all issued tsunami alerts, reviving memories of the giant tsunami which struck Asia in 2004. The Pacific Tsunami Warning Center issued alerts for countries as far away as Colombia and Peru. ( US widens tsunami warning to most of Pacific )

There were several strong aftershocks. In the capital Tokyo, buildings shook violently. An oil refinery near Tokyo was on fire, with dozens of storage tanks under threat.

"I was terrified and I'm still frightened," said Hidekatsu Hata, 36, manager of a Chinese noodle restaurant in Tokyo's Akasaka area. "I've never experienced such a big quake before."

TV pictures showed the tsunami carrying the debris and fires across a large swathe of coastal farmland near the city of Sendai, which has a population of one million. The pictures suggested the death toll was going to rise.

NHK showed flames and black smoke billowing from a building in Odaiba, a Tokyo suburb, and bullet trains to the north of the country were halted.

Black smoke was also pouring out of an industrial area in Yokohama's Isogo area. TV footage showed boats, cars and trucks floating in water after a small tsunami hit the town of Kamaichi in northern Japan. An overpass, location unknown, appeared to have collapsed into the water.

Kyodo news agency said there were reports of fires in Sendai where waves carried cars across the runway at the airport.

The western prefecture of Wakayama ordered 20,000 people to evacuate after further tsunami warnings.

The building shook for what seemed a long time and many people in the newsroom grabbed their helmets and some got under their desks," Reuters correspondent Linda Sieg said in Tokyo. "It was probably the worst I have felt since I came to Japan more than 20 years ago."

GREAT KANTO QUAKE The quake was the biggest in 140 years. It surpasses the Great Kanto quake of Sept. 1, 1923, which killed more than 140,000 people in the Tokyo area. Seismologists had said another such quake could strike the city any time.

The 1995 Kobe quake caused $100 billion in damage and was the most expensive natural disaster in history. Economic damage from the 2004 Indian Ocean tsunami was estimated at about $10 billion.

The Tokyo stock market extended losses after the quake. The central bank said it would do everything to ensure financial stability.

Passengers on a subway line in Tokyo screamed and grabbed other passengers' hands during the quake. The shaking was so bad it was hard to stand, said Reuters reporter Mariko Katsumura.

Hundreds of office workers and shoppers spilled into Hitotsugi street, a shopping street in Akasaka in downtown Tokyo.

Household goods ranging from toilet paper to clingfilm were flung into the street from outdoor shelves in front of a drugstore.

Crowds gathered in front of televisions in a shop next to the drugstore for details. After the shaking from the first quake subsided, crowds were watching and pointing to construction cranes on an office building up the street with voices saying, "They're still shaking!", "Are they going to fall?"

Asagi Machida, 27, a web designer in Tokyo, sprinted from a coffee shop when the quake hit.

"The images from the New Zealand earthquake are still fresh in my mind so I was really scared. I couldn't believe such a big earthquake was happening in Tokyo."

The U.S. Geological Survey earlier verified a magnitude of 7.9 at a depth of 15.1 miles and located the quake 81 miles east of Sendai, on the main island of Honshu. It later upgraded it to 8.9.

A police car drove down Hitotsugi Street, lights flashing, announcing through a bullhorn that there was still a danger of shaking.

Japan's northeast Pacific coast, called Sanriku, has suffered from quakes and tsunamis in the past and a 7.2 quake struck on Wednesday. In 1933, a magnitude 8.1 quake in the area killed more than 3,000 people. Last year fishing facilities were damaged after by a tsunami caused by a strong tremor in Chile. ( Major tsunamis in the world )

Earthquakes are common in Japan, one of the world's most seismically active areas. The country accounts for about 20 percent of the world's earthquakes of magnitude 6 or greater.

Friday, February 25, 2011

Kitara Capital Invests Rs 78 Cr In Tvs Asl

CHENNAI: TVS Automobile Solutions (TVS ASL), a group company of industrial conglomerate, TVS Group, has announced the investment of Kitara Capital, a Muscat-based firm in the company. Kitara Capital has invested about Rs 78 crore for a minority stake in TVS ASL.
As per as reports, TVS ASL will take over the business of multi-brand car services that was earlier provided by group entity, My TVS. My TVS was operated through two verticals — MyTVS 24X7 Emergency Road Assistance and MyTVS All Car Service.
Mr R Dinesh, TVS & Sons Joint MD and TVS ASL director, said, “This is the second group company to have attracted PE investment.”
Earlier in 2008, the first group company to attract $25 million (Rs 100 crore) private equity was TVS-Logistics from Goldman Sachs. TVS ASL will seek to establish a strong partnerships with vehicle and parts manufacturers.

Pvr To Foray Overseas Market Soon

MUMBAI: PVR Cinemas is on a lookout for potential options in order to extend its existing portfolio in overseas operations. The company has planned to roll out special theatres based on management contracts in order to accomplish the same.
Post this expansion, PVR Cinemas would become the second Indian media and entertainment player to make its international presence felt in overseas markets. The first one to do the same is Big Cinemas by Anil Ambani that already has its theatres working in United States as well as Malaysia.
"We will be present in at least 27 cities by the end of this fiscal. By then, we will have around 242-screens. The new additions this year would be cities like Kolkata, Howrah Ranchi and Patna," said, Pramod Arora, President, PVR Group. At present, the company already has access to as many as 142 screens across 18 cities all over India, which is soon to be followed by 80-100 more screens as a part of their expansion.

Crisil Upgrades Credit Ratings Of Vip Industries

MUMBAI: The rating agency Crisil has reviewed and upgraded the Bank loan ratings of the VIP Industries Ltd.
The agency has upgraded the rating to A+/Stable from A-/Stable (a two notch improvement) for cash credit facilities & term loan and to P1 from P2+ for short term loan.
VIP Industries Limited engages in the manufacture and sale of luggage products and accessories in India and internationally. It provides travel products, hard and soft-sided luggage, bags, backpacks, duffels, shoulder bags, waist pouches, sling bags, duffel trolleys, vanity cases, office bags and satchels, suitcases, and briefcases.
The company offers its products primarily under the VIP, Carlton, Delsey, Footloose, Alfa, Aristocrat, Skybags, and Buddy brands. It also manufactures molded furniture under the Moderna brand.

Crisil Keeps 'Aa+/Stable' Rating On Birla Corporation

KOLKATA: Rating agency Crisil, has reaffirmed the "AA+/Stable" (pronounced "double A plus with stable outlook") rating Birla Corporation Ltd, the flagship of the MP Birla empire.
The rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.
The rating has been assigned to the proposed issue of long term non-convertible debenture programme of up to Rs. 500 crore of the company.
Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names.

Inventum Bags Best Stall Award In Kolkata Cable Tv Show

KOLKATA: Inventum has won the best stall award in the single category at the three day Cable TV Show 2011 held here. The major cable operators,traders, manufacturers,channel partners,distributors and multi-system operators participated in the show from across India,Bangladesh,Bhutan and Nepal.
Inventum, a provider of Bandwidth Management and Billing solutions, has displayed its UNIFY SMP, MSG Gateways and MSC Controller range of solutions.
More than 10,000 cable operators, traders, manufacturers, channel partners, distributors, broadcasters and multi-system operators (MSOs) had participated in the show. A special demo room at the Cable TV Show 2011 showcased the evolution of cable TV in India from the black and white era to the current 3D technology.