Jurgen Klopp is Liverpool New Manager; Signs 3-Year Deal

EFT Report: Liverpool FC today announced Jurgen Klopp as the club’s new manager. A short statement published on the club website on Thursday night provided the news for which Liverpool supporters had been hoping ever since Brendan Rodgers was sacked. Klopp will be presented to the media  on Friday morning.

Klopp has signed a bumper three year deal worth more than £6million per year; there is also the option for them to be extended by another 12 months should he make progress.
Jurgen Klopp

Klopp (47) won two Bundesliga titles with Borussia Dortmund before leaving this year. The 47-year-old German first match as Liverpool boss is an away trip to White Hart Lane against Tottenham next Saturday.
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Mamata offers Kolkata for Ghulam Ali concert

EFT Report, Kolkata: Asserting that music has no boundaries, West Bengal Chief minister Mamata Banerjee on Thursday offered Kolkata as a venue for a concert by Pakistani ghazal maestro Ghulam Ali whose concert in Mumbai was cancelled following threats from the Shiv Sena.

"Music has no boundaries. Music is the rhythm of the heart. Ghulam Ali Ji's concert can be held in Kolkata. We will make all arrangements," tweeted Banerjee, also the chief of the Trinamool Congress.

The 75-year-old singer was scheduled to perform in Mumbai and Pune this week as part of the death anniversary tribute to late singer Jagjit Singh. But the show in Mumbai was called off on Wednesday after Shiv Sena threatened to disrupt his live concert.

Earlier in the day Delhi Tourism Minister Kapil Mishra invited the renowned singer to perform in Delhi.

While the cancellation of the concert has attracted widespread criticism, Ali too has expressed his disappointment.

"I'm very hurt. I have always got love in India. The concert was a tribute for Jagjit Singh. He was like a brother to me," Ali told a news channel.
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Forbes Asian richest family list: Ambanis lead 17 Indian groups

EFT Report, Singapore: As many as 17 Indian families, led by the Ambanis, figure in the maiden Forbes list of 50 richest Asian families, which is the highest for any country in this part of the world.

Ranked 3rd, the Ambanis' net worth, which combines the wealth of both the brothers, Mukesh and Anil, has been estimated at $21.5 billion followed by Premjis, ranked 7th on the list with $17 billion.

Not far behind are the Hindujas, Mistry and the Godrej families, ranked 9th, 10th and 15th, with net worth of $15 billion, $14.9 billion and $11.4 billion respectively.

Among the 17 Indian families, some are no longer Indian citizens.

"While most on our list have kept their flock together over generations, the 50 also includes those who've gone separate ways in business or are entirely estranged," the report said.

It added: "For example, India's Ambani family combines the wealth of brothers Mukesh and Anil, who inherited most of their father's fortune on his death in 2002 but opted to do business separately."

Mukesh's twins, son Akash and daughter Isha, work at and occupy board seats at telecom arm Reliance Jio Infocomm and Reliance Retail. Anil's son Jai Anmol works at Reliance Capital, it said.

The Burman family from India, who is featured on the cover of the magazine, has brought in professional managers to ensure the continuity of the business.

Anand Burman, the 63-year-old, fifth-generation scion and non-executive chairman of family-owned Dabur has seen net profits grow 24-fold, and market cap soar 40-fold since 1998, Forbes noted.

Dabur boasts a portfolio of 400 products-ranging from skin-care bleaches and ayurvedic shampoos to natural fruit juices-selling through nearly six million outlets across India. The family's 68 percent holding is valued at $5 billion.The minimum combined net wealth to qualify for the list was $2.9 billion.

To compile the list Forbes team sifted through information on 500-plus families and valued dozens. "In the end a $2.9 billion net worth was needed to qualify. The valuations are based on stock prices and exchange rates on Sep 25," the report added.

The Lee families, one from South Korea associated with Samsung, and the other that oversees Henderson topped the list, with a net worth of $26.6 billion and $24.1 billion respectively.

"Family is at the core of many of Asia's biggest and most far-flung conglomerates and some of its best-known brands. Perhaps no clan better illustrates this than the Lees of Samsung Group, whose 2014 revenues were equivalent to 22 percent of South Korea's GDP (gross domestic product)," the report said.

The report stated that nearly half of the richest families in Asia are of Chinese descent, yet none of the inaugural 50 is based in the mainland, where conglomerates are young, run by the first generation able to muster billions of dollars in wealth in an open economy.

Following are the Indian business families that figured out in the list:

1. Ambanis ranked 3rd ($21.5 billion)
2. Premjis ranked 7th ($17 billion)
3. Hindujas ranked 9th ($15 billion)
4. Mistry ranked 10th ($14.9 billion)
5. Godrej ranked 15th ($11.4 billion)
6. Mittal ranked 19th ($10.1 billion)
7. Birla ranked 22nd ($7.8 billion)
8. Bajaj ranked 29th ($5.6 billion)
9. Burman ranked 30th ($5.5 billion)
10. Lohia ranked 31st ($5.4 billion)
11. Patel ranked 33rd ($4.8 billion)
12. Lal ranked 40th ($4 billion)
13. Bangur ranked 42nd ($3.9 billion)
14. Jindal ranked 43rd ($3.8 billion)
15. Munjal ranked 46th ($3.2 billion)
16. Hiranandani ranked 47th ($3.1 billion)
17. Hamied ranked 50th ($2.9 billion)
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Paris to have catwalk on Seine river

EFT Report, Paris: After the Eiffel Tower's first ever catwalk, fashion show producer and model Jessica Minh Anh will transform Seine river's giant glass boat into a 100-meter floating catwalk on October 29.

To create an illusion of models walking on water, Minh Anh will have guests seated facing the multi-faceted glass windows while the boat is cruising, giving a full view of the city's architectural wonders such as the Eiffel Tower, Notre Dame, the Louvre and the 37 famous bridges as natural backdrop for the unique catwalk.

"We are extremely honored to work with Jessica Minh Anh on this special project. We have been admiring her iconic productions at places such as the Grand Canyon Skywalk, Hudson River, London's Tower Bridge, and One World Trade Center for years. It is a privilege to have our venue added in Jessica's famous series of unconventional catwalks," Marco Goncalvez, operation manager of Compagnie des Bateaux Mouches, said in a statement.

The Autumn Fashion Show 2015 here will be a combination of art, architecture, culture and fashion. 

The brand labels participating in the show will be Lebanese haute couture designer Rouba.G, Turkish talent Gülnur Günes, Saudi Arabian fashion house Ot Kutyr Atulier, Peruvian artist Ani Álvarez Calderón, Kiwi heritage brand Iwi Creations and 5.8.0 creative studio from Hong Kong.
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'Rudhramadevi' made tax free in Telangana

EFT Report, Hyderabad: The Telangana government has exempted, from entertainment tax, Telugu movie "Rudhramadevi", which is set to hit the screens on Friday.

Chief Minister K. Chandrasekhar Rao made the announcement when the film unit called on him here on Thursday.

Director-cum-producer Gunasekhar, co-producer Neelima Guna and distributor Dil Raju met the chief minister and requested him for entertainment tax exemption.

The chief minister said as the movie is based on Kaktiya dynasty and the life of warrior queen Rudramma Devi, highlighting Telangana's history and culture, it will be exempted from tax.

Top actress Anushka Shetty had played Rudramma Devi in what is claimed to be India's first historical stereoscopic 3D film.

The multi-lingual movie, which also features Allu Arjun, Rana Daggubati, Krishnamraju, Nithya Menen and others, is releasing on Friday in Andhra Pradesh, Telangana and other states. It is set to hit over 400 theatres in Telangana alone.

The Rs.80 crore movie was first shot simultaneously in Telugu and Tamil and later dubbed into Kannada, Hindi and Malayalam.

It is slated to released in both 2D and 3D formats in over 160 screens in the United States.

"Rudhramadevi" is the talk of the town as the industry hopes it will be as successful as "Baahubali", one of the biggest grosser this year.

Meanwhile, "Baahubali" director S.S. Rajamouli has appealed to the Andhra Pradesh government to follow Telangana and exempt "Rudhramadevi" from tax. "'Rudramadevi' is a queen for all Telugu land and I think even the govt of AP should and will exempt this film from tax," he tweeted.
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FIFA Bans Sepp Blatter and Michel Platini for 90 Days

EFT Report: In a move shown to the world as cleaning up its corruption scandal while throwing itself into a total meltdown, FIFA has now banned the two most powerful men in world football Sepp Blatter and Michel Platini for 90 days from any football-related activity following a probe by its ethics committee into the £1.35 million payment Platini received in 2011 for consultancy work for Blatter 9 years ago.
Blatter and Platini

The ban effectively ends outgoing FIFA president Blatter's ambitions to stay on until February, while UEFA president Platini's hopes of succeeding looks bleak. Chief of the Confederation of African Football (CAF) Issa Hayatou will now serve as acting president of FIFA .
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Motorola launches new Moto X Style at Rs 22,999

EFT Report, New Delhi: Lenovo-owned American handset-maker Motorola on Thursday launched the Moto X style priced at Rs.22,999.

The new device will come with a Gorilla Glass 3 protected 5.7-inch quad-HD display that supports 520 pixel density. It will be powered by a Qualcomm 808 1.8Ghz hexacore processor and a 3GB RAM unit.

In terms of storage, the phone will come in two variants of 16GB and 32GB internal memory, both expandable to 128GB.

The 32GB edition will be priced at Rs.31,999.

The phone, which will come with a 21-megapixel rear and five-megapixel front camera, will run on Android Lollipop and come with pre-installed Motorola apps like Moto Assist, Moto Display and Moto Voice.
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