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Google Hackathon workshop on Feb 21-22 in Bangalore

PTI | Last Updated: Thursday, February 20, 2014 - 02:41

Bangalore: Google India will host a two-day Hackathon and workshop in Bangalore on February 21-22 focused on designing and creating Android applications in Indian languages.

The event, which is expected to see about 100 developers participating, is open to both amateur and professional developers.

The aim is to promote regional languages and develop applications for Internet users who communicate and understand only their native language with a view to encouraging more users to come online, Google said in a statement.

“The next 300 million Internet users in India won’t use English. That’s why we’re working on enabling the Internet in Indian languages, which is the key to driving growth,” Google India Managing Director Rajan Anandan said.

Google will host workshops covering the technical process of enabling apps in Indian languages and monetisation potential of language apps.

The sessions will also cover business aspects of enabling existing Android applications in multiple languages and how that can further the reach and monetisation potential of the apps for the developers.

The objective of the sessions is to enable better understanding of the growing Internet user base in India and the opportunity it represents for the developers and help them to build valuable skills, Anandan said.

London Court directs Geodesic to pay over Rs 976cr to Citibank

IT firm Geodesic today said the London Court has directed it to pay Citibank a sum of USD 157.06 million (over Rs 976 crore) in a case filed by bondholders against the company.

Besides, the company has been directed to pay unpaid default interest and cost of court proceedings.

"The London Court has given a summary judgement in the case filed by the Bondholders through their Trustees, Citibank N.A., London (Citibank). According to the judgement, the company has to pay to Citibank a sum of USD 157,064,251," Geodesic said in a filing to the BSE.

Besides, Geodesic has also been directed to pay over USD 14.88 million (Rs 92.5 crore) of unpaid default interest (up to

and including February 7, 2014) and USD 39,266.06 (Rs 24.39 lakh) per day of default interest from February 8, 2014 to the date of payment.

"It is also ordered that the company would also have to pay the cost of the proceedings i.E. GBP 1,22,500 (Rs 1.27 crore) excluding of VAT," it said.

In 2008, Geodesic had raised funds through FCCB and the same was due for repayment in January last year, which the company has not been able to repay.

The FCCB bondholders, through their trustees, filed a winding up petition against the company for defaulting the dues.

The London branch of Citibank is a trustee in the case where it has approached the court to recover its dues from the company on behalf of bondholders.

On standalone basis, Geodesic posted a net loss of Rs 43.12 crore for the year ended June 30, 2013, while its total income stood at Rs 172.76 crore.

First Published: Thursday, February 20, 2014 - 00:41
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