How to find unclaimed insurance money

The amount of unclaimed insurance money has been increasing. According to a report of PTI, as much as Rs 15,167 crore of policyholder's money was lying unclaimed with 23 life insurers as on March 31, 2018. Compared to this, for the year 2012-13, Rs 4,865.81 crore was the unclaimed amount for the entire industry. This is a 25 percent increase annually over the past five years in unclaimed money by policyholders. According PTI, the Insurance Regulatory and Development Authority of India (Irdai) data, out of the total unclaimed amount, insurance behemoth Life Insurance Corporation (LIC) is sitting on Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore. Among the private insurers, ICICI Prudential Life Insurance has 807.4 crore of unclaimed insurance claims followed Reliance Nippon Life Insurance (Rs 696.12 crore), SBI Life Insurance (Rs 678.59 crore), and HDFC Standard Life Insurance (Rs 659.3 crore). What happens to unclaimed amount?In July 2017, the Irdai had asked all insurers having unclaimed amounts of policyholders for a period of more than 10 years as on September 30, 2017 to transfer the same to the Senior Citizens' Welfare Fund (SCWF) on or before March 1, 2018. The fund shall be utilised for such schemes for the promotion of the welfare of senior citizens in line with the National Policy on Older Persons and the National Policy on Senior Citizens.Why claims go unclaimedNominees not aware of the policy: The nominees may not be aware that the policyholder had such an insurance policy or whereabouts of the policy document. Thereafter, on the death of the policyholders, the dependants may not be in a position to claim the amount. To avoid such a scenario, the nominees should not only be aware but they should also be in the know of where the policy document is. Also, make sure to update nominations in the policy.Change in address: Where the settlement of claims happens through payments made by cheque, any change in the address of the policyholder/claimants will delay the process. To avoid this, ensure that the address is updated in the insurer's records. Cheque misplaced: Cheque payments can become time-barred or misplaced leading to delays. Most insures have initiated claims payments through electronic transfer of funds, hence make sure to enrol for it in all the existing policies. For new policies issued after 2014, insurers insist on electronic transfer of funds and thus asking for blank cancelled cheque at the time of application itself. How to findIrdai had asked the life insurance companies to provide a search facility on their websites to enable policyholders or beneficiaries or dependents to find out whether any unclaimed amounts due to them are lying with these companies. Policyholders/beneficiaries are required to enter the details like policy number, PAN of the policyholder, name of the policyholder, date of birth or Aadhaar number, in a window provided on the website of the insurer to find out the unclaimed amount. The insurers have to update information regarding unclaimed amounts on their websites on a half-yearly basis.ConclusionDespite the clear guidelines by Irdai in 2014 and a strict monitoring of unclaimed amount every six months, the figures are rising. Insurers need to ensure that every amount goes to the rightful claimant at the right time as intended by the policyholder at the time of buying it. Policyholders, too, need to make sure that the family members are well aware of the policy details and their rights as nominees.

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Freshworks joins unicorn club with its largest funding

CHENNAI: Cloud-based customer engagement software maker Freshworks has become the most recent member of the country’s unicorn club after securing $100 million in a fresh round of funding led by Sequoia capital and Accel Partners with participation from CapitalG, bringing the total amount of capital raised to $250 million, since the company’s inception in 2010.The latest funding round has taken the San Bruno, California and Chennai-based SaaS Company’s valuation to $1.5 billion, according Freshworks. The cash infusion will be used to further expand Freshworks’ worldwide footprint and for continued investments into its integrated SaaS products.“When we started Freshworks in 2010, we were a single product company with a goal of offering better, easier-to-use customer service software than what was in the market. We’ve since scaled our company to $100m in annual recurring revenue and built a full SaaS platform where all of our products - like Freshsales, Freshdesk, and Freshservice - work together seamlessly, without requiring additional integration resources or consultants to make the software simply work,” said Girish Mathrubootham, Co-founder and CEO, Freshworks.The company had recently crossed the $100 million mark in annual recurring revenue scaled by growth in the company’s flagship customer support product Freshdesk and growing revenues clocked by its IT services management product Freshservice and customer relationship management product Freshsales.Sequoia was an early investor in the company, flushing in $55 million into Freshworks in 2016. Managing Director, Sequoia Capital India Advisors, Mohit Bhatnagar said "Girish and his team have worked relentlessly to build Freshworks into a leading SaaS company from India – one that is truly global with customers across 127 countries. The investment reinforces the Sequoia principle of being a long term business partner to founders and supporting them at every stage of their company’s growth.”Freshworks has also hired former AppDynamics Vice President of Finance & Treasury, Suresh Seshadri as its Chief Financial Officer. Further, Mathrubootham indicated that the company may not be looking for further funding.“With the addition of Suresh leading our financial management and strategy towards a path of free cash flow breakeven and our latest, and likely last, private funding round in place, we believe we have a unique opportunity to attract customers from around the globe who have been let down by legacy solutions,” said Mathrubootham.Suresh Seshadri, the company’s new CFO, who was behind AppDynamics’ initial public offering in - before it was acquired by Cisco in 2017, said “Coming on board to work with Girish and the rest of the executive team is an incredible opportunity and I am confident that we are well-positioned to reach the next phase of Freshworks’ expansion.”The company’s products are used by more than 150,000 businesses including the NHS,Honda, Rightmove, Hugo Boss, Citizens Advice, Toshiba and Cisco.

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M&M's new multi-purpose vehicle to be called Marazzo

Home-grown auto major M&M today said its new multi-purpose vehicle (MPV) will be called 'Marazzo', which will compete with segment leader Toyota Innova Crysta.Built on a completely new platform, the 7/8-seater Marazzo is the automaker's first passenger car developed at its North American technical centre along with Mahindra Research Valley (MRV) in Chennai.The new vehicle will be manufactured at the company's Nashik facility and will be rolled out by September, said Pawan Goenka, managing director, M&M."A collaborative effort of Pininfarina, Mahindra Design Studio, MNATC and MRV, Marazzo is born of a vision to design a global vehicle with quality and refinement," he said.Goenka did not disclose the price or the investment that has gone into the making of the new vehicle but said that typically the creation of a new platform entails an investment of Rs 800-1,600 crore.The current MPV market stands at around 10,000-12,000 units per month and M&M looks to corner a sizeable pie of it, the company said.Goenka said that with the new launches, Mahindra is filling the gap in its product portfolio, adding that the company will also be rolling out a sub-four metre SUV as well as a large G4 SUV in the premium segment, with its pricing higher than any other Mahindra vehicle this year."One of these two SUVs will be rolled out before Diwali this year," he added.Besides Innova Crysta, Marazzo will also be competing with other brands in the segment such as forthcoming second-gen Maruti Ertiga and Ranault Lodgy.The Mahindra Design Studio in Kandivili in Mumbai and and Italian design house Pininfarina have collaborated closely during the design development process of the new vehicle, the company said.

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IIFL Asset Management appoints Anup Maheshwari as joint CEO

NEW DELHI: IIFL Asset Management has announced the appointment of Anup Maheshwari as the joint CEO and Chief Investment Officer with effect from mid-August 2018.Maheshwari has over 24 years of investment experience and is an alumnus of IIM Lucknow. He was earlier working with DSP BlackRock Investment Managers since July 1997. According to a release, Maheshwari will play a key role in meeting the company's aggressive growth goals as well as product development and devising innovative investment strategy.“Maheshwari’s successful experience in investment management, both offshore and onshore, will be highly advantageous to IIFL AMC. He brings with him incredibly strong knowledge and experience which will be vital as we chart out ambitious plans to grow and develop our asset management business,” Karan Bhagat, Founder, MD & CEO of IIFL Investment Managers, said.

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Bullish on these 4 PSU banks: Mahantesh Sabarad, SBI Cap

Huge growth ahead in consumer space and within that in FMCG space, Mahantesh Sabarad, Head, Retail Research, SBI Cap Securities, tells ET Now.Edited excerpts: Can Dabur continue to beat itself or is this quarter’s results a one- off? If they are reporting volume growth of 21% in Q1, which has surpassed their 65213681 65210291 65212306 own expectations, what does one pencil in for the remaining three quarters? Basically, in consumer space and within that in the FMCG space, there is huge growth ahead. That can be partly seen because rural incomes are getting better. We have a normal monsoon although the spatial distribution is not so great. There is a situation where a lot of GST rates have been moderated. Some of this is applicable for consumer durables but that is translating into a consumption boost which will continue to have momentum for two-three quarters more. While the growth rate in terms of volumes that we have seen from the likes of Levers, Daburs and Asian Paints have been in double digits, those double digit growth numbers will moderate because the base effect will catch up. The numbers, nevertheless will be strong. In an FMCG company, one has volume growth plus the pricing advantage and then comes the premiumisation effect. All three combined would drive growth on the top line and that growth will be in double digits.Harley is now eyeing Royale Enfield’s turf. Although CLSA believes that they may not quite harm Royal Enfield’s market share and may not really target a very large market size, I guess pricing is the key. Could this escalate into a deeper problem for Eicher? No not really. There is a separate niche that Eicher enjoys in the bike space in the light-weight categories. Harley while it is graduating from the heavy weights to middle weights and then the light-weights now, is not really going to affect Eicher in a big way because distribution is the key for such bikes. While the product is great, if you do not have great distribution network, your ability to generate sales is limited which is what Eicher has been targeting over the years. Now they have been expanding their distribution reach and they are becoming quite strong now. They were earlier the south-based distribution reach company. Now they have a well established distribution base. Overall, Eicher should not be worried about Harley coming into India in the light-weight category.What do you make of Bajaj Auto? Are they doing the right thing by coming out in the open and saying that we will do whatever it takes to regain market share? They have become number four. I can sense the desperation in the management. But will the bid to regain market share come at a price? Is the stock pricing in a margin erosion and a price war?Let me split your question into three parts. One is the strategy that is being employed by Bajaj Auto. It is in the right direction because you have to necessarily react to market pressures. The two-wheeler space is competitive and you cannot just stand by the way side. The second part of your question was will this really affect the company in terms of its margins and thereof? While the company has guided that they will not have 20% kind of margins for the next two or three years, I tend to believe that there are enough margins levers available with Bajaj Auto because of its diversified nature of business that can eventually take it to 20% margin.The third part of your question is whether the stock price is reflecting all this. I would say no. The stock price is not reflecting the potential that Bajaj Auto has in terms of growth ahead. It is fairly cheap at this juncture relative to the peers and relative to the broader market as well for the kind of return ratios, balance sheet strength and the kind of management quality they possess.Can Bank, Bank of Baroda have come out with excellent set of numbers. The PSU banks doing pretty well for themselves. But with Bank of India numbers, again all the factors which were looking positive for the space have turned bit negative. Should one be stock specific in PSU space? We continue to like the PSU space as a whole but then you have to be very stock specific even within that space because RBI is intervening and there are lots of banks under prompt corrective action. That means there will be a period of virtually no growth for those companies and for investors those are not the companies to look at. That leaves the other set of PSU banks which appear quite promising because now the NPA worries are going to be over. Also, it is not about NPA issue alone, it is about growth as well. Unless and until you have strong capital, you really cannot grow and therefore you cannot arrest the slide. For us, there are three or four PSU banks that we like -- Bank of Baroda, Vijaya Bank, Indian Bank and Can Bank seems to be coming into our radar right now. That space is generally good. The moment any bank comes out of the prompt corrective action, that would be something one should be watching out for.

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A Tribute For Sridevi At IIFA Plagarised? The Internet Thinks So

A fan of Sridevi claims that the tribute for the actress showcased during the IIFA Awards was plagiarised

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जज लोया मामला : बॉम्बे लॉयर्स एसोसिएशन की पुनर्विचार याचिका को सुप्रीम कोर्ट ने किया खारिज

जज बीएच लोया के मामले में बॉम्बे लॉयर्स एसोसिएशन की पुनर्विचार याचिका को सुप्रीम कोर्ट खारिज कर दिया है।

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Tata Motors' Rs 1,864 cr surprise Q1 loss

Auto major Tata Motors on Tuesday reported a consolidated loss of Rs 1,863.57 crore for June quarter on account of Rs 1,125.70 crore deferred tax credit against ET Now poll estimate of Rs 1,500 crore profit.The auto major had reported Rs 3,199.93 crore profit in the year-ago quarter.Revenue for the quarter came in at Rs 65,956.78 crore compared with Rs 58,766.07 crore in the year-ago quarter. As far as Indian operations (standalone) were concerned, revenue jumped 83 per cent YoY to Rs 16,830 crore. Profit after tax stood at Rs 1,188 crore.The luxury unit of the Indian auto firm, Jaguar Land Rover, reported a loss of 210 million pounds in June quarter.JLR's revenues fell 6.7 per cent YoY for the quarter to 5.2 billion pounds due to lower wholesales and increased incentives in China in advance of the July 1 duty reduction.65214170 The lower wholesales and higher China incentives combined with unfavourable balance sheet currency revaluation and higher depreciation and amortisation resulting from continuing investment led to a pre-tax loss for the quarter of 264 million pounds, the company said."With regards to JLR, we faced multiple challe4nges including issues like China duty impact as well as the market issues like diesel concerns in UK and Europe," said Chairman natarajan Chandrasekaran.JLR's total investment spending for the quarter stood at 1.1 billion pounds. This investment spending and seasonal working capital outflows of 1 billion pounds led to negative operating cash flow of 1.7 billion pound, the company said.The company said its closing net debt soared to Rs 62,436 crore as of June 30 from Rs 39,977 crore as of March 31 due to negative free cash flow at both Tata Motors and JLR, and continued investments. Net Automotive debt rose to Rs 32,977 crore for the quarter compared with Rs 13,889 crore in March quarter.

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India's Swadeshi economics: The whole story

On May 24, representatives of the Swadeshi Jagran Manch (SJM) met commerce minister Suresh Prabhu with a complaint that global retailing giant Walmart’s proposed acquisition of homegrown online multibrand retailer Flipkart violated Indian laws and regulations. Four days later, the foreign direct investment (FDI) section of the Department of Industrial Policy and Promotion sent out a memo to three top regulatory and enforcement agencies to investigate the deal and take action.The SJM, which attacked Walmart’s deal to buy 77% stake in Flipkart — calling it “unholy” and a backdoor entry into India’s multibrand retail trade that is closed to foreigners — describes itself a “forceful mobilisation, with a vision and action plan for a truly self-reliant Bharat and equitable world order.” Swadeshi, or an indigenous economic system “based on Indian values,” is a recurring theme with the Rashtriya Swayamsevak Sangh, ideological mentor to SJM as well as the ruling Bharatiya Janata Party (BJP).Its contemporary expression is more a strategic opposition to market-driven capitalism as well as Marxian and socialist frameworks rather than an alternative economic system. They see foreign capital, big companies and multilateral trade agreements as inherently depraved concepts designed to control and profit from developing and poor nations. A key requirement of the swadeshi philosophy is a selfless human being operating swadeshi socio-economic environment, instead of people driven by incentive and deterrence.PUTTING IT INTO ACTIONThe Swadeshi Jagran Manch has also been at the forefront of fighting against several issues such as genetically modified crops, decontrol of drug prices and the international patents regime. Last year, it had accused economic policy think-tank Niti Aayog and its members of serving corporate and multinationals’ interests. SJM national coconvenor Ashwani Mahajan had then accused the Aayog of colluding with pharma companies to sabotage the drug price control regime.It had alleged that the think-tank chief executive and secretaries of three other ministries had planned to delink drug price control from the essential medicines’ list and wind up the National Pharmaceutical Pricing Authority after the regulator had reduced prices of medicines and stents. Its activism was seen as one of the reasons for the Aayog to back off. Soon after, the Aayog lost vicechairman Arvind Panagariya, who quit to return to the US academia.Current Niti Aayog vice-chairman, Rajiv Kumar, who sees the Walmart-Flipkart deal as an opportunity for India’s retail sector to modernise, described swadeshi economics as “generating enough good quality jobs for our young people.” In an earlier interview to ET, he had said it also meant generating sufficiently high growth to create jobs, irrespective of the source of capital and technology. Saying that SJM did not need sermons, Mahajan joined issue with Kumar on microblogging site Twitter, saying that a “friendly Niti Aayog is not going to help this friendly deal.” The SJM is adamant that it will not let the deal go through.“There is no such thing as Swadeshi economics. They (Swadeshi advocates) don’t have any theory or framework,” says Abhinav Prakash Singh, who teaches economics at Delhi University. Singh, who describes himself as a conservative, says insisting on indigenisation or local control may have uses from a strategic perspective (curbing foreign influence and control of domestic assets and institutions) but it is not an economic philosophy. SJM, which has ideological kinship with BJP, believes India should have a swadeshi economic framework that shuts out foreign investment and technology, which push the country into a trap. Proof? India spent more than $18 billion in royalties and technical fees after it removed caps on them in 2009, as per Mahajan.“We are not against trade, technology or even FDI. What we want is a production structure that guarantees and facilitates employment through decentralisation and localisation,” he told ET. In his worldview, the individual should be subservient to the interests of the society or community. The Swadeshi dream is a country growing at a steady pace, gently powered by the sweaty labour of man and beast in self-sufficient villages of happy citizens content with measured consumption.EARLY PROPONENTSOne of the early proposers of this notion— a sort of status quo ante — was Mahatma Gandhi, who considered the Railways an evil and a curse of modern civilisation. “We have managed with the same kind of plough as existed thousands of years ago… It was not that we did not know how to invent machinery, but our forefathers knew that, if we set our hearts after such things, we would become slaves and lose our moral fibre,” Gandhi wrote in Hind Swaraj or Indian Home Rule.This thread was taken forward by Deendayal Upadhyaya, RSS ideologue and president of BJP predecessor, the Bharatiya Jana Sangh. Upadhyaya envisioned an economy where every person had a job. He said only a decentralised economy with thousands of family-oriented small industries situated in villages — where workers will seamlessly move from farm to factories and back — was suited to Indian conditions. “In big industries, the human being is reduced to a component in a heartless machine,” he had said. Writing in the late 1950s, Upadhyaya opposed foreign capital, arguing that it would come bundled with foreign machines and technology, which may help industrialisation in the short term but would fail to lay the foundation for longterm development.He, too, was against expanding the Railways, believing that it promoted centralisation. Instead, he said, India should promote road and air transport like the US. Although Upadhyaya’s thesis of integral humanism with focus on antyodaya or the uplift of the last person is also the basis of BJP’s economic policies, the actual practice is anything but what the ideologue visualised. Writing in the RSS weekly, Organiser, on July 23, the 63rd foundation day of labour union Bharatiya Mazdoor Sangh, its president CK Saji Narayanan said India is vigorously following the capitalist system “in its extreme form of corporate capitalism.” The Indian work culture is where the employer and employee sacrifice for each other and together for the nation, Narayanan wrote.BONE OF CONTENTIONUpadhyaya’s philosophy, or the departure from it, was the whole point of the Sangh Parivar’s opposition to many policies of the AB Vajpayee government and now the Narendra Modi government. It continues to divide the family even today, as is evident in the Walmart-Flipkart deal and the trenchant criticism of top policymakers such as chief economic advisor Arvind Subramanian and Rajiv Kumar. The BJP was founded in 1980 with Gandhian socialism as its founding principle but shifted to Upadhyaya’s integral humanism six years later.RSS leader Dattopant Thengadi, who spearheaded attacks on the Vajpayee government, was vehemently opposed to computerisation and India’s membership of the World Trade Organization (WTO). Interestingly, their fellow travellers at the time were communists and socialists. “The globalisation we saw was a conspiracy,” says Mahajan. “The patents agreement (WTO’s agreement of trade-related aspects of intellectual property rights or TRIPS) had no rationale and it was an attempt to control others.”In his book, A New Paradigm for Development: Sumangalam, former Reader of Delhi University Bajranglal Gupta defines the concept of swadeshi as awakening of the ‘self’ of the society. Gupta, currently north zone chief of the RSS, proposes that the central direction of the development paradigm should be gross social happiness, where not only are the necessary material goods and services made available to a man, but also provisions are made for the satisfaction of his mind, intellect and soul. He too puts the village and its community at the centre of the swadeshi structure of development.Gupta’s approach to development is more holistic, including the protection and preservation of the environment and ecosystems and the spiritual progress of citizens. The idea, though lofty, has not attracted any policymakers and virtually depends on a sociocultural and behavioural revolution. Delhi University’s Abhinav Prakash Singh considers the whole idea of romanticising villages regressive. “Swadeshi is a sociological construct rather than an economic concept. It evolved because money liberated the Dalits and oppressed in village economies.”

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This could be a yr of double digit volume growth: Vivek Gambhir

We would not like to give any particular guidance but the 14% growth in Q1 is in part driven by the effects of a lower base, Vivek Gambhir, MD & CEO, Godrej Consumer, tells ET Now.Edited excerpts:Volume growth of 14% is very impressive. How much of that is because of the GST base effect and how much is real demand? We are very happy that the recovery is underway and the platform is set for a much stronger growth for the remaining quarters. On a two-year CAGR basis, our volume growth was in the highest single digits and on a one year basis, it is 14% growth. Even if you strip away the effects of a low base quarter, growth is trending towards the right direction and our hope is that if this momentum continues, this will be a year of double digit volume growth. Do you think you can do better than 14% on domestic volume growth? We would not like to give any particular guidance but the 14% growth is in part driven by the effects of a lower base. That impact would no longer be then the quarter’s head. Certainly, our hope would be that the industry should get to a low double digit volume growth and our efforts would be to try and get towards 13% to 14% volume growth for the year as a whole. Though it has not been as robust when it comes to Africa, Middle East or US regions, what would you attribute that to? Is it just a fraction of the currency movement or is it something more to that? We have been very pleased with the recovery in Indonesia, The recovery is underway. We regained some of the share that we had lost over the course of last year. A lot of good building blocks have been put into place. While the economy remains challenging, we are hopeful of a much stronger year from Indonesia this year. In Africa, the first quarter was relatively on the softer side, primarily driven by very weak macroeconomic conditions in South Africa. Our West Africa business and our East Africa business did quite well. Having said that, though the team is putting in a lot of corrective actions in place to deal with the macroeconomic flux and the second half of the year should be much better for Africa both on a top line and a bottom line basis. We always tend to focus on growth and volume dispatch numbers and where the volume growth is coming from but look at the other side of the equation. What has been the cost savings and what has been the margin expansion which you have enjoyed because of GST? Do you think that one-time GST margin expansion is in the price or is that an ongoing process and incrementally will keep on increasing every quarter? We have seen some very good benefits from GST as we have passed on some of the pricing benefits to our consumers. That has led to a better demand and better operating leverage. At the same time, we are also seeing benefits in terms of logistics and transportation. But it is still early days. There is still more work to be done in terms of reconfiguring a supplier and a manufacturing network. Over the next one or two years, we do expect to see continued benefits from the GST implementation. Also as ease of business improves and the playing field gets more levelled, some of the smaller, less organised players will find it difficult to do business. We do expect share gains to be derived by the larger players and over the next one or two years, GST will continue to provide us with more incremental benefits. Which are some categories where you have gained market share because of unorganised sector moving towards organised sector? Which are categories where you would say that you have gained a market share purely because of your product profile? Across the board, our share gains have come from a combination of various factors new innovations, product launches, effective micro marketing and genuinely stronger execution. Having said that, it is anecdotal largely because the data is difficult to fully capture our belief whether some of the share gains in the soap segment in particular have come from share shifts from smaller unorganised players to more organised players. Are you optimistic because we will get into the festive season come October. Diwali being in November this year, from a demand perceptive, things will only look up then, especially consumption driven by the rural economy? We are very optimistic that demand will look better in the quarters ahead. A lot of the indicators in building blocks are in place. As you mentioned, in Q1, our urban growth was about 13%, rural growth was around 17%. We expect rural growth at about 1.4 to 1.5 times urban growth on the back of remonetisation. With the settling of the GST implementation and the impact of some of the government’s efforts to stimulate the economy, we are quite hopeful that demand will further improve in the quarters ahead.

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पीएम मोदी को शपथग्रहण में बुला सकते हैं इमरान खान

पाकिस्तान के प्रधानमंत्री बनने जा रहे इमरान खान अपने शपथ ग्रहण समारोह में भारत के प्रधानमंत्री नरेन्द्र मोदी को आमंत्रित कर सकते हैं।

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No Probe Into Judge BH Loya's Death: Top Court Rejects Review Petition

Judge BH Loya's death will not be investigated further, the Supreme Court ruled today, dismissing a petition by the Bombay Lawyers Association to review its earlier decision.

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"What About Rights Of Assamese, Indians": Amit Shah Tears Into Opposition

BJP chief Amit Shah today ripped into the opposition over the draft citizen lists in Assam, saying it was time the parties clarified whether they care more about the rights of the people of Assam and...

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UGC NET Result 2018: सीबीएसई ने जारी किए नतीजे, ऐसे करें चेक

CBSE (सीबीएसई) ने UGC NET 2018 (यूजीसी नेट 2018) के नतीजे घोषित कर दिए हैं।

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एनआरसी में जिनके नाम नहीं हैं, वे घुसपैठिए हैं: अमित शाह

एनआरसी मामले में भाजपा अध्यक्ष अमित शाह आज काफी नाराज नजर आ रहे हैं। आज संवाददाताओं से बात करते हुए उन्होंने कहा कि मुझे संसद में बोलने नहीं दिया गया।

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मेहुल चौकसी को लेकर एंटीगुआ और बारबूडा में भी राजनीतिक हलचल शुरू, नागरिकता योजना पर सवाल

पीएनबी घोटाले के आरोपी मेहुल चौकसी को लेकर अभी तक भारत में ही राजनीतिक बयानबाजी का दौर चल रहा था। अब उसे नागरिकता देने वाले एंटीगुआ व बारबूडा की राजनीतिक पार्टियों में भी हलचल दिखने लगी है।

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Aadhaar hackers are just wasting my time: Trai boss rubs it in

Telecom Regulatory Authority of India (Trai) Chairman R S Sharma — who accepted the dare on Twitter to make his Aadhaar number public and then challenged hackers to show how they could harm him due to this — says he hopes this would put an end to the scaremongering so that the common people could benefit from the technology and go about their lives in peace. "Would it be too much to expect an honest admission of these facts from the so-called hackers or critics of Aadhaar?" Sharma wrote in an article in The Indian Express. "One interesting hack was to deposit one rupee in my account through the marvel of a system called UPI, which has been built by our country to enable financial inclusion on the scale we need. The world is in awe of this technology. But if you define crediting a rupee to an account as hacking, well more people might be happy to be hacked. In the last two days, there have been hundreds of attempts at false authentication from UIDAI servers and not even a single one of them has succeeded. Thus far I have not lost the challenge and I’m very confident that I will not. Yes, some distress may be caused to me by the concerted effort of so many people. However, for that Aadhaar is not to blame," he wrote.Sharma, former UIDAI (Unique Identification Authority of India) director general, has been an ardent supporter of the Aadhaar programme, vouching for the safety of the system, and dispelling privacy concerns over Aadhaar even during his current tenure as Trai chief. While many on Twitter claimed victory over 'leaking' Sharma's personal details post the challenge, the Trai chief asserted through multiple tweets and replies that the challenge had never been about phone numbers and other information but for causing harm using knowledge of his Aadhaar number. "The truth is that people are proving their identity today through the Aadhaar online platform. This is empowering millions of people who get subsidies into their account or obtain other benefits. (People are also providing a copy of their Aadhaar cards to various service providers, though this is neither required nor desirable.)," Sharma wrote in the article. On Sunday, ethical hackers — including Elliot Alderson, Pushpendra Singh, Kanishk Sajnani, Anivar Arvind, and Karan Saini — pointed out that nearly 14 items had been leaked so far. This includes Sharma's mobile numbers, residential address, date of birth, PAN number, voter ID number, telecom operator, phone model, and Air India frequent flyer ID.But Sharma says the hackers got the details through Google search and 'social engineering' and not with the knowledge of his Aadhaar number. "You have found information about me that other users could have obtained by a determined Google search without the benefit of knowing the Aadhaar number. Having failed to penetrate the UIDAI’s system, you have tried to hack my email accounts (unsuccessfully) and to subscribe me to a large number of services. Many of these services take reasonable precautions and have sent me innumerable OTPs in their attempt to authenticate my ID. That’s been a waste on their part and a waste of my time. Your time is wasted too, but apparently you don’t care," Sharma wrote.

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Firms hit pay dirt in India's toilet splurge

By: P R SanjaiIndia is on the greatest toilet-building spree in human history, and it’s a windfall for companies.Prime Minister Narendra Modi’s $20 billion “Clean India” mission aims to construct 111 million latrines in five years. Besides promising to improve the health, safety and dignity of hundreds of millions of Indians, the national hygiene drive has spurred an 81 percent jump in sales of concrete building materials and 48 percent increase in bathroom and sanitaryware sales, according to Euromonitor International. That’s benefiting firms from Tata Group, the nation’s largest conglomerate, to cleaning-products maker Reckitt Benckiser Group Plc.Almost 80 million household toilets are estimated to have been built since Modi’s 2014 pledge to ensure universal sanitation coverage by October 2019, which will mark 150 years since the birth of independence leader Mahatma Gandhi. The scale-up of latrines and a nationwide campaign to encourage their use is driving a market for toilet-related products and services that’s predicted to double to $62 billion by 2021.“It’s the biggest, most successful behavior-change campaign in the world,” said Val Curtis, director of the London School of Hygiene and Tropical Medicine’s Environmental Health Group, who has worked on the program in India. “Every time I go there, I feel like I can’t sit down for weeks after because I’m excited about what they’re doing. It’s incredible.”Bollywood StarBollywood celebrity Akshay Kumar, star of the sanitation-promoting movie “Toilet: Ek Prem Katha” (or “Toilet: A Love Story”), was appointed brand ambassador this month for Harpic, the bowl-cleaner made by Reckitt Benckiser. The Slough, England-based company, which also sells the disinfectant Dettol, dominates the toilet-care market in India, with sales climbing 11 percent to $105.7 million last year, Euromonitor data show.“We are one of the most trusted brands in India, and we’ve always managed to outperform the market with Dettol,” Rakesh Kapoor, Reckitt Benckiser’s India-born chief executive officer, said on a conference call in April. The company has been able to increase awareness of its cleaning products by working with open-defecation-free communities and households to promote sanitation and hygiene. 65207056 That’s a common theme across suppliers of home-care products, according to Sowmya Adiraju, a research analyst at Euromonitor in Bengaluru. For example, Hindustan Unilever Ltd. entered the low-cost toilet cleaner market with a new powdered product, and has been trying to make toilets accessible and affordable through its Domex Toilet Academy.Hygiene AwarenessCompanies are investing heavily on spreading awareness about better hygiene products, aiding the penetration of home care products in India, which is still low by global standards, Adiraju said in an email.The “Clean India” mission has had a “largely positive” impact on suppliers of sanitaryware and tiles, sales of which are predicted to expand about 11 percent annually through 2022, according to Adiraju. The sanitation campaign was anticipated initially to provide a bigger sales boost, but some companies have partnered with governments more as a social initiative than a business opportunity, she said. 65207061 Before Modi began the Clean India program, known locally as the Swachh Bharat Abhiyan mission, the country accounted for more than half of the world’s 1.1 billion people who routinely relieve themselves in fields, beaches and other open spaces.Economic ImpedimentSo-called open defecation contaminates food and drinking water, and spreads diarrheal diseases that cause chronic malnutrition and childhood stunting -- a burden the World Bank estimated costs India 6.4 percent of its gross domestic product.“Sanitation is a basic need that is denied to a majority of the Indian population,” said Rajeev Kher, chief executive officer of SaraPlast Pvt Ltd., a closely-held manufacturer, supplier and cleaner of restrooms, including portable toilets for rent. Kher has also converted aged buses into mobile toilets to provide a “clean and safe toilet experience” for women in a collaboration with municipal authorities in the western city of Pune. 65207066 For individual households, Japan’s LIXIL Group has supplied tens of thousands of twin pit toilet systems that costs $10 or less apiece to facilitate the safe management of excreta in the absence of a sewage connection.$300 Million OrdersIncreased government spending on toilets and sanitation augers well for Indian Hume Pipe Co., according to Pallav Agarwal, an analyst with Antique Stock Broking Ltd. in Mumbai, who rates the pipe company a buy. It secured a dozen major work orders for water supply and sewerage projects across six states in the 2018 fiscal year, totaling 20.9 billion rupees ($300 million), Agarwal said in a July 5 report.Mumbai-based Tata Group’s steel division makes Nest-In, a modular toilet that comes with an option for a bio-digester. The company has been focusing on products for end-users, including modular housing and toilets, and in March opened public toilet blocks at rest stops along a national highway.“Private sector enterprises have to pitch in to make the Swachh Bharat Abhiyan successful,” said Prabhat Pani, head of partnerships and technology at Tata Trusts, which owns two-thirds of Tata Sons, the apex company of Tata Group.

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April-June fiscal deficit at 68.7% of target

India reported a fiscal deficit of $62.57 billion for April-June, or 68.7 percent of the budgeted target for the current fiscal year compared with 80.8 percent a year ago. Net tax receipts in the first quarter of 2018/19 fiscal year that ends in March 2019 were 2.37 trillion rupees, government data showed. India expects to trim the deficit to 3.3 percent of GDP this fiscal year, after meeting an upwardly revised fiscal deficit target of 3.5 percent of GDP in 2017/18.

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Government seeks Parliament nod for $143 mn capital injection in Air India

NEW DELHI: The government on Tuesday sought parliament approval to inject Rs 980 crore ($142.87 million) in ailing national carrier Air India during the current fiscal year, after efforts to find a buyer for its 76 per cent stake in the carrier failed.The government has "sought funds for infusion of equity in Air India under (its) turn around plan," a statement tabled in Lok Sabha said.To fund the capital infusion in Air India and other sectors, the government has sought parliament's approval for an additional net spending of 59.51 billion rupees, on top of the budgeted Rs 24.42 lakh crore for 2018/19.India last month shelved a plan to sell a majority stake in the beleaguered airline due to lack of interest from bidders, in the latest setback in its ambitious efforts to rescue the carrier that has been kept afloat for years using taxpayer funds.The sale was also key to Prime Minister Narendra Modi's plans to help keep the fiscal deficit at 3.3 per cent of GDP, a goal already under pressure from giveaways to farmers and other welfare benefits ahead of the 2019 national elections.An Air India source told Reuters on Monday that it had sought Rs 2,121 crore ($309 million) of additional equity from the government for 2018/19 to make pending payments to its vendors.Junior Civil Aviation Minister Jayant Sinha had said last month the government will continue to support the loss-making airline's financial requirements while it works on alternatives. The minister didn't give a specific timeline for a new plan.Air India, which employs some 27,000 staff, said this month it was seeking a short-term loan of Rs 1,000 crore ($148 million) so it can continue day-to-day operations.The carrier had debt worth Rs 48.781 crore ($7.16 billion) as of March 31, 2017.

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JSPL bags 20 per cent of Rs 2,500 crore global tender by Railways to supply long rails

Jindal Steel and Power Ltd (JSPL) today bagged 20 per cent of the Rs 2,500 crore global tender by the Indian Railways to supply long rails, its Chairman Naveen Jindal today said.The national transporter had invited the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall of supply from the state-run Steel Authority of India Limited (SAIL).This is the first time in three decades that rail procurement has been opened for the private sector.JSPL Chairman Jindal, during a conference here on 'Steel Scenario: Today and Tomorrow', informed that his company has won 20 per cent of the tender floated by the Railways."We got the order for the rail.... We have been in business since 2003. After 15 years, for the first time, we are amongst the one ... As only the second Indian producer (after SAIL), we have got 20 per cent of the order," Jindal said during the conference where Steel Minister Chaudhary Birender Singh stressed on the need for participation of Indian companies in major infrastructure projects.Sources said that the value of the order bagged by JSPL comes to about Rs 536 crore.The financial bids for the order were opened last week in which seven foreign steel companies and JSPL from India had submitted its bids.JSPL was the only Indian steel maker in the fray, and was expected to get an assured order of 20 per cent under the 'Make in India' clause."It is a historic moment for the company. We were trying for long. It is a proud moment for India. We will start supplying soon," Jindal said after the conference.N A Ansari, CEO, JSPL Steel Business said the company would dispatch the first consignment in August.JSPL is the only private company that produces rails in India. It was already supplying rails to various countries like Iran and Bangladesh.The company has a capacity to produce about 1 million tonne per annum (MT) of rails at its Raigarh facility.The foreign entities, which participated in the global tender are Sumitomo Corporation, Angang Group International, Voestalpine Schienen, East Metals, CRM Hong Kong, British Steel France Rail and Atlantic Steel.Till now, the national transporter was procuring rails from government-owned SAIL.It decided on an extra global tender after anticipating that SAIL would not be able to supply the 7,17,000 tonnes required for 2017-18 and 2018-19, as estimated at that time.The Indian Railways is looking at 4,000 km of track renewal in each of the next two financial years, 2018-19 and 2019-20. Its estimated cost for 2018-19 is a little above Rs 10,000 crore.

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'Not disruptors, mkt leadership lies with incumbents that adapted'

In most cases, it has been a win for the incumbents who have been alive to the risk and have grabbed the opportunity, Aditya Narain, Head of Research, Institutional Equities, Edelweiss Securities, tells ET Now. 65209324 65191921 65175874 Edited excerpts: Is it looking good for corporate banks or is this looking good because of the base? After one quarter, we realise that the hole only has got deeper. There are two ways of looking at it. One is in terms of the current asset quality cycle and this is reflective of the fact that you have reached the bottom or are reaching the bottom and that incremental stresses have already been captured or they are diminished. In that sense, this is very illustrative of what has happened. The second part is when are these guys are going to be ready to go and put out money. When they have the risk appetite to go and lend is really the next phase that you need to look at and the jury is out on that. Most of these people have had a really rough ride over the last couple of years and risk appetite often comes back a little slowly. That is going to be the challenge rather than the numbers suddenly deteriorating in any material manner going forward. Did you think that they would manage to get that gumption because someone on the Street believes it may not be PSBs because they are going to tighten their purse strings further and that share could actually be taken away by NBFCs? That is absolutely my point. It is one thing to say that the asset cycle is ending. There is a story there. You have seen some response in terms of stocks. You will see more of it. The second bit is do they have the appetite to go out and lend? Also, where do they lend? They obviously have some appetite but if it is going to be completely at the top end where there is no margin, it is not going to have the same impact in terms of stocks. You have to think about how you are going to play rather than that the asset quality cycle is done. A large part of that will depend on corporates wanting to borrow and which has not come through? Yes in any case, you are right. But that is something where the change in risk appetite has been more gradual. Risk appetite has tended to build up a little bit. There is a little bit more appetite there but the reality is it has to be matched from a supplier side also. If they are going to stay out, then it is the private banks who have the appetite and who are actually going to get a disproportionate share. In two-wheelers, the cycle may be great but there is fight for market share. Within the four-wheeler space, there is talk of electric vehicles and the disruption it could have. For the commercial vehicles, there are axle loading norms which in the short term will ensure that demand will remain subdued. Is the near and medium-term outlook looking slightly shaky for the sector across the board? If you were to look at an extended cycle, where you need to be really watchful about competition is when you have new entrants or people who want to change their positioning entirely. That is not the case as far as two-wheelers is concerned. It is a fairly consolidated market. You had this problem three-four years ago when Honda was coming in. As far as the four-wheelers is concerned, Maruti continues to be dominant. There is simply not enough disruption going on in that space. As far as the CV space is concerned, you could see a little bit of it again but it is basically a two-player or a three-player market. While you can have a quarter or two in terms of disruptive pricing or disruptive strategies, these disruptions do not sustain for too long in an oligopolistic kind of structure. They happen when the market is tending to widen. In the NBFC space and housing finance space, you could have a lot of distortion. There is a possibility that you have new players who are going from zero to wanting to get to two or four. They can try and sustain it a lot. In segments where you have a fairly well entrenched competitive landscape, disruptive pricing seldom goes on for an extended period of time. Bajaj Auto historically has been a profit- and margin-conscious company. They have gone on record saying they were not there for market share. They wanted to be India’s most profitable two- wheeler company. Rajiv Bajaj in the past has said that his margins at 21% were very good. The same guy comes out and says sorry I would do whatever I can to regain market share. Eicher has been the darling of everyone and now Harley says that I am going to come and hit you on the same turf, even BMW. So, within the two-wheeler space, there is competition and there are new entrants. But as I said, when you have relatively limited players, it is unlikely that two players are going to drag themselves completely down into a ditch… Will you be a buyer in autos? Yes. In the two-wheeler space we are more neutral. We want the dust to settle down but if you ask me whether it is going to be as competitive four to eight quarters down the line as it is expected to be upfront, first of all, I would say no. Second, in these spaces, because brands and products are more entrenched, the impact can be somewhat limited and is going to be a test of the brand and the product. So, obviously, the next couple of quarters is going to be a little tense. But I will be surprised if this extends for an extended period of time. You will have a two-four quarter period when they will try. If it works, then you will have some kind of a base reset. If it does not, then they revert to normal.One of the darlings of the market, the hottest sector till about six months back was aviation. We always talk about the fact that irrespective of what crude is doing, some of these aviation companies have not been able to adjust pricing according to the spike in crude prices. What happens to aviation now which was being looked at as a quasi consumption play? Aviation is something that is very influenced by the external environment. It is a volatile consumption play rather than a pure consumption play as seen in the Indian context. To that extent, you have to be watchful about the external developments.If you compare the competitive landscape in aviation vis-à-vis two wheelers, it is very different. Here the competitive landscape is such that it allows you to go down a lot but caps how much you can effectively charge. This is more a volatile kind of consumption play and you have to be cognisant of the external environment. Is it avoidable right now? Right now, those prices have taken a beating but unless you have a greater sense of where crude is going, it does become a little bit of a challenge. If this was a two-player market, it would be a different story. The demand has actually been very resilient even as prices have gone up a little bit. The traffic numbers have actually continued to be good but people are taking it on the jaw when it comes to the profitability that is there. This is something that is a little bit more cyclical. Consumption is a demand side, profitability is the external side for this one. We Have a Preference for IT LargecapsAre IT and pharma the definitive alpha opportunities right now in the market? We have been very bullish on the IT space for the last two quarters or so. This is really a three-four year trend and it is going to sustain. We are very clear that what will happen within the sector is that business will tend to shift to the larger businesses and the large caps and the smaller ones. We have a distinct preference for larger ones like Infosys over midcap stocks where we believe there is a certain amount of overvaluation. You prefer Infosys to TCS as well? Why? There is a valuation gap, there is a catch up game that is effective. Purely on valuation parameter? Valuation and a certain amount of catch up in terms of business momentum. To some extent, IT is a little bit more of beta simply because the whole sector has got a huge amount of tailwind and there we prefer the larger caps to the midcaps. As far as pharma is concerned, it is a little bit more alpha there. I do not think it is necessarily a sectoral tailwind. There still remains fundamental challenges as far as the US market is concerned, but there are specific stock opportunities like Dr Reddy’s where they are lined up in terms of their product profile.Reliance is up more than 10% after the AGM and now everyone is saying they are trying to achieve what Tencent has achieved globally by becoming an AI company. Are markets right in giving the extra PE multiple or the perception benefit to Reliance? In many senses, Reliance is falling in a very sweet spot and we have been pretty bullish on the stock for the last year and a half. That has played through but the interesting thing is the old business is not getting rusty. The cash is coming and at an incremental pace from the older businesses that are continuing to expand on new platforms. The sweet spot lies there. In between, the cash that had been invested in telecom is now actually looking after itself fairly well. Getting on to that oil data in a new oil kind of economy, AI is the option on it. If you get that backbone going, it looks after itself and doing everything that they promised.It is a sweet spot if you say that the move is on the back of all the AI talk. I would say it has run ahead of itself but if you were to combine the fact that the old business, even though a lot of it is new, is generating a huge amount of cash; if you look at the invested business which is telecom and that is getting decent revenue numbers and traction. AI is more in the option value that they are seeking having created the platform as far as the data economy is concerned.Leaders Get All Growth & Profitability Right now, there is a disproportionate amount of premium which some of the consumer names and private banks are enjoying. The second one is a mega trend. About 15 years ago, if you bought into private banks, you hit a homerun. 10 years ago, it was retail managed NBFCs that made you rich. What do you think will work for next three years and what is the mega trend in the making for next five years? Market leadership is really going to be the defining feature of businesses that do better and generate higher profitability. Largecaps or midcaps, wherever you have market leadership, you are going to get disproportionate growth and profitability. That is really the mega trend. Give me an example. All the market leaders – be it consumer, banks or automobiles are market leaders and tend to grow faster. It is being able to do so on its own profitability. You attribute that to scale, brand and efficiency, but effectively a lot of that is coming through and that is the key that you really need to look at over the next couple of years. But you yourself are betting on Infy not TCS? Aditya Narain: Between large businesses, you have to balance between valuation and between… Number one and two? Yes. By market leadership, I do not mean number one. The top three or four in every sector are what really going to count, and it is not whether it is a largecap or it is a smallcap. You can have a lot of smallcaps that look very attractive but are number 15th in their sector. Be a little more watchful about the valuation. Even if they get a lot of growth rather than a number two who is actually a very small player. But the fact is he is meaningful in that market. Are L&T and ACC examples of that? Absolutely. L&T is a classic case that business will move towards there. Why is not the market giving them value then? It is giving them a fair amount of value relative to a lot of the others. It is a question has a stock moved enough or not? Has it been valued up for a while? Are they getting a disproportionate share of every business that they are entering? I think they are. Instead of market leadership, we are using the word disruption that is challenging the market leaders. A lot of market leadership patterns which are intact and where we thought they had a moat around them and nothing is going to change are getting disrupted by a range of products, services and technology offerings. That is very valid but disruption by a new player entirely, whether in entertainment (Netflix, Balaji) or consumption goods (Patanjali), most of the market leaders are agile and have actually gone into these spaces themselves.They have the basic flow, they have the cash and it is not very hard to get into a disruptive business when you can hire people and technologies off the floor. It can be a Tesla kind of a product but all the auto manufacturers are also getting into the same thing. Tesla might have changed the way the world looks at things, there may have been disruptors but other than a few global guys, for the rest, it has been a win for the incumbents who have been alive to the risk and have grabbed the opportunity. Look in the media space. Anything that is net based or YouTube based, all the existing guys have become very strong or have entered new segments very aggressively. Patanjali was big but the Ayushs of the world are all coming back very aggressively. It is true. Volume growth is back for Lever’s and Britannia. Yes. Do you think Airtel has managed to do it in the telecom space? Effectively they have also come back very strongly in that space. So, there is not a standalone differentiator who has been able to disrupt the whole business in a meaningful manner. Disruptors end up being monocline and invariably they are back to some extent with cash but not by the same amount of cash and to some extent they invariably lack the experience in that space.The peak of disruption by a new player has more or less happened. You are getting plenty of existing guys who do not want to necessarily disrupt and kill their own business at the possibility of a new business but all of them are there in that new business space. That is why you are tending to see that the big boys are continuing to get a little bigger and market shares have not changed in a lot of these spaces. Nor have opportunities gone up. You have a Paytm, which has come up in a particular manner but again there are those three-four names in most of the other spaces where the incumbent, who has been ready to change and has managed to make a reasonable foray into these areas. A lot of businesses are thinking like this now. When you talk about Reliance’s AGM being about AI, it gives you a sense of the fact that this is a refining company which is talking AI because that is why they see the disruption. They see that they have made the investments and they should be leading it or at least being part of it in a meaningful manner. What about the overall market construct? The micro is definitely improving. Besides earnings, there has been a recent bout of correction as well. But the macros continue to be challenging -- be it currency, be it crude. Tomorrow is policy day and we may have an interest rate hike as well? We see the market in a range of about 10500 to 11500 on the Nifty. We have visualised it as a half circle because the micro has come half circle from being bad to beginning to look good and the macro has actually tended to reverse and is somewhere in the middle.At some level, it is very well balanced and that can explain why the markets have been weak a month ago because the macro was looking like it was going to go full circle right and has actually arrested itself and it is hanging around somewhere there whereas the micro actually is getting more convincing.In the backdrop of elections, this is a fair range for the market. For the range to change, the macro has to fall back quite a bit and start heading much lower. For it to hit much higher, you got to have the macros suddenly saying okay this is it, the currency pressure is over, the interest rate pressure is over and a year and a half down the line, you are going to be where you were six months down the line. Otherwise, it is reasonably well balanced.In the last couple of weeks, there was a little bit of a tailwind from the micro and again a couple of weeks back, there was a little bit of tailwind or at least the easing of headwinds on the macros.

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Sensex Closes Above 37,600 For First Time, Nifty Ends At Record 11,356

Tech Mahindra and Dr Reddy's Laboratories were the top gainers on the 50-scrip Nifty index, closing with gains of 3-4 per cent. Heavyweight Reliance Industries finished 2.8 per cent higher.

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Virat Kohli, Anushka Sharma Caught On Camera While Shopping

India face England in the opening Test of the five-match series on Wednesday at the Edgbaston cricket ground in Birmingham.

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दिल्ली: साकेत थाने में 2 लाख की रिश्वत लेते हुए रंगेहाथ पकड़ा गया एसएचओ, सीबीआई ने किया गिरफ्तार

दिल्ली के साकेत थाने में सीबीआई (केंद्रीय अन्वेषण ब्यूरो) ने मंगलावार को छापा मारा है। छापे में साकेत थाने के एसएचओ नीरज कुमार को 2 लाख रुपये की रिश्वत लेते हुए पकड़ा गया है।

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कुछ रोहिंग्या गैरकानूनी गतिविधियों में शामिल, नहीं दिया 'शरणार्थी' का दर्जा : सरकार

सरकार ने लोकसभा में बताया कि भारत में रह रहे कुछ रोहिंग्या प्रवासी गैरकानूनी गतिविधियों में शामिल हैं। साथ ही यह भी साफ किया कि रोहिंग्या को 'शरणार्थी' का दर्जा नहीं दिया गया है बल्कि वे 'अवैध प्रवासी' हैं। 

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एनआरसी मामले पर बोले कैलाश विजयवर्गीय- बांग्लादेशियों की मौसी हैं ममता बनर्जी

लोकसभा में शून्यकाल के दौरान टीएमसी नेता सुदीप बंदोपाध्याय ने कहा, 'इस मामले को तत्काल लिया जाना चाहिए।

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हिना दास के कोच के खिलाफ यौन शोषण मामले में खेल मंत्रालय सख्त, दायर होगी चार्जशीट

किसी अंतरराष्ट्रीय ट्रैक प्रतियोगिता में गोल्ड मेडल जीतने वाली असम की एथलीट हिमा दास के कोच निपोन दास ने इस महीने की शुरुआत में काफी सुर्खियां बटोरी थीं।

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शादी के लिए स्वदेश आ रहे युवक ने खोया पासपोर्ट, ट्वीट कर सुषमा ने दिया मदद का भरोसा

अपनी शादी के लिए अमेरिका से स्वदेश आ रहे एक भारतीय नागरिक का पासपोर्ट खो जाने के बाद विदेश मंत्री सुषमा स्वराज ने आज उसे मदद का भरोसा दिया।

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नई मिसाइलें बना रहा है उत्तर कोरिया, अमेरिकी मीडिया ने किया दावा

अमेरिका और पारंपरिक शत्रु दक्षिण कोरिया के साथ बेहतर होते रिश्तों के बीच उत्तर कोरिया एक तरफ तो अपने एटमी ठिकानों को खत्म कर रहा है और दूसरी तरफ नई बैलेस्टिक मिसाइलों पर भी काम कर रहा है।

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UK Judge Asks India For Video Of Prison Where Vijay Mallya Will Be Kept

A UK judge today asked India for a video of the prison where Vijay Mallya, the liquor tycoon wanted for fraud, will be kept.

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Imran Khan Planning PM Modi-Style Oath? Decision Soon, Says Official

Imran Khan's party - Pakistan Tehreek-e-Insaf or PTI - is considering inviting leaders of SAARC countries, including Prime Minister Narendra Modi to his oath taking ceremony as the Prime Minister of...

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Girls Drugged, Forced To Sleep Naked At Bihar Shelter Home: Police

Girls as young as seven were drugged, raped, forced to sleep naked and scalded with boiling water at a government-run shelter home in Bihar dubbed the house of horrors. Over 30 girls were raped in the...

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लंदन: अंतिम सुनवाई के लिए कोर्ट पहुंचे विजय माल्या, कभी भी आ सकता है फैसला

लंदन की अदालत माल्या के भारत आने पर आज अपना फैसला सुनाएगी।

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INDvENG: इंग्लैंड 1000वां टेस्ट खेलकर रचने जा रहा है इतिहास, कैसा रहा अब तक भारत का सफर

इंग्लैंड जब बर्मिंघम में 1 अगस्त को भारत के खिलाफ पहले टेस्ट मैच के लिए मैदान में उतरेगा तो इतिहास रचा जाएगा।

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शर्मसार इंदौर: बैडमिंटन कोच ने की बच्ची से छेड़खानी विरोध करने पर माता-पिता के कपड़े फाड़े

इंदौर से एक बच्ची के साथ उसके बैडमिंटन कोच द्वारा अश्लील हरकत करने का मामला सामने आया है। बच्ची लंबे समय से बैडमिंटन की ट्रेनिंग ले रही है।

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Assam Citizens List Is Draft, No Action Against Those Left Out: Top Court

The Assam citizenship list is only a draft and no action would be taken on its basis, the Supreme Court said today. Fair procedure will be adopted to settle all claims and objections, the court added,...

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Honor Note 10 With GPU Turbo Support Launched in China

The Honor Note 10 price in China starts at CNY 2,799 (roughly Rs. 28,100) and the first sale is on August 3.

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ममता बनर्जी दिल्ली में: बीमार सोनिया से मांगा मिलने का समय

पश्चिम बंगाल की मुख्यमंत्री ममता बनर्जी आज दिल्ली आ रही हैं। जहां वह कई दिग्गज नेताओं से मुलाकात करेंगी। इस दौरान वह यूपीए अध्यक्ष सोनिया गांधी, बिहार के पूर्व उपमुख्यमंत्री तेजस्वी यादव सहित भाजपा के नेताओं से भी मुलाकात करेंगी।

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VIDEO: संसद के बाहर नोंकझोंकः केंद्रीय मंत्री बोले- जो भारतीय है वही इस देश में रहेगा

प्रदीप भट्टाचार्य और केंद्रीय मंत्री अश्विनी चौबे में सदन के बाहर असम मुद्दे को लेकर नोंकझोंक हो गई है। इस दौरान चौबे ने कहा कि देश के अवैध नागरिकों को बाहर निकाला जाए।

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Air France-KLM appoints Jean-Noel Rault as GM for Indian subcontinent

Air France-KLM has appointed Jean-Noel Rault as its new general manager for Indian subcontinent. Rault, who succeeds Max Smits, will be assuming charge of the new position tomorrow,the firm said in a release today. Prior to this, Rault was heading Air France-KLM's business in Canada as the vice president and general manager. Air France-KLM operates up to 2,300 daily flights, mainly from its hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol. Rault will be responsible for accelerating the growth and strengthening the presence of Air France-KLM in the region, the airline said, adding, he will also drive the consolidation and extension of the company's partnerships in the same geography. Air France-KLM group has a tie-up with Naresh Goyal-promoted carrier Jet Airways. Last November, Jet Airways had announced a new enhanced cooperation agreement with Air France-KLM, which offers connectivity between 106 European cities and 44 domestic destinations.

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New Jammu And Kashmir Governor Soon, Centre Upset With NN Vohra: Sources

Jammu and Kashmir will get a new Governor as the Centre has decided not to continue with NN Vohra, sources have told NDTV. Mr Vohra who has handled the charge of Jammu and Kashmir for more than a...

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Mohit And Sanaya Tried (And Hilariously Failed) To Recreate DDLJ Scene

Sanaya Irani and Mohit Sehgal are currently holidaying in Switzerland

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मौसम विभाग की चेतावनी: रहें सावधान, अभी एक हफ्ते तक यूपी के तमाम शहरों का रहेगा ये हाल

बारिश ने पूरे यूपी में कहर बरपा रखा है। लगातार बारिश से जन जीवन अस्त-व्यस्त है। जलभराव से यातायात व्यवस्था पूरी तरह ठप हो गयी है। वहीं मौसम विभाग ने फिर से यूपी के तमाम शहरों के लिए भारी बारिश की चेतावनी दी है। 

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भाजपा विधायक टी राजा का विवादित बयान, बोले- नहीं जाते तो घुसपैठियों को गोली मारो दो

भाजपा विधायक टी राजा ने विवादित बयान दिया है। उन्होंने असम मामले में घुसपैठियों को गोली मारने को कहा है।

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New iOS 12 Developer Beta Hints at 'Dual-SIM' iPhone Models

The iOS 12 developer beta 5 update also brings an imagery hinting at new AirPods with wireless charging support.

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Protests In Parliament As Amit Shah Speaks On Assam Citizens' List

Protests over the final draft of the Assam citizens' list, which leaves out 40 lakh people, rocked parliament today. Uproar started in Rajya Sabha as BJP chief Amit Shah rose to speak after a...

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What went behind making the monster that's worrying Ambani

The swift way in which the Idea-Vodafone merger is progressing under a year shows the improvement in ease of doing business in India.”That was Vittorio Colao at the World Economic Forum (WEF) governors’ meeting in Davos earlier this year. Though a vocal critic of the labyrinthian regulations and bureaucracy of the world’s largest democracy, the chief executive of Vodafone Group Plc was seemingly delighted about the record speed of regulatory approvals that were coming along after Vodafone and Idea decide to join forces in March 2017. The June 2018 deadline to consummate the union and create the world’s secondlargest telecom giant looked plausible.And then the call dropped. Suddenly, chances of the whole thing getting tripped up or entangled in legalities became very real, and that meant a hit on $10 billion worth of synergies. By mid-June, the tide had turned for the worse. The Department of Telecom (DoT) surprised all by seeking a second round of legal opinion from the Assistant Solicitor General (ASG) on the demand for dues — always a contentious issue as most demands such as licence fee, spectrum usage charges and one-time spectrum charge (OTSC) had been stayed by courts. According to current mergers and acquisitions (M&A) regulations, only OTSC needed to be paid up.In his first opinion, the ASG had said the merger of Vodafone’s six subsidiaries with Vodafone Mobile Services (VMSL) in 2014-15 must be completed and balance OTSC paid. But then DoT sought to clarify if demands related to the merger of six units with VMSL are also to be raised, along with those related to the present merger between Idea and Vodafone. Divergent views also emerged within the department on the mode of seeking dues. One side argued that all dues on VMSL must be sought in cash, while the other said it could be a combination of cash and bank guarantees.Even though DoT needed to showcase the ‘ease of business’ mantra that the government is trying to live by, it didn’t want any post facto finger-pointing or controversies from vigilance or other agencies. Thus, it decided to proceed with extreme caution. The matter was also very delicate inasmuch as the merger was the first 100% FDI proposal, into Idea Cellular, to come up directly for departmental clearance after scrapping of the Foreign Investment Promotion Board (FIPB).“No one wanted to take any decision in haste or give any leeway because 10 years later, no one wants to have a legal case on their hands alleging any wrongdoing,” says an official who was dealing with the issue at that time. Another point of clarification was the date from which bank guarantees for OTSC be sought from Idea on airwaves beyond 4.4 MHz in 11 circles, say sources. OTSC dues are based on DoT rules that require a telco holding more than 6.2 MHz in a circle between July 2008 and December 31, 2012, to pay a marketlinked price for the excess spectrum held.Likewise, the telcos may be told to pay the market price for airwave holdings beyond 4.4 MHz per circle between January 2013 and the expiry of their respective licences. DoT had first raised a claim for more than Rs 8,100 crore, including OTSC, of which VMSL paid Rs 2,450 crore. The balance remained as the case was pending in the telecom tribunal. Finally, the telecom department asked the operators to pay more than Rs 7,200 crore as dues. Both telcos asked for recalculation as they felt the final numbers should be lower than what was being asked. “We were comfortable at that point. But surprise is the only constant in the way the Indian government works…” quips a senior executive at one of the two companies on condition of anonymity.DOT THE Is, CROSS THE TsAnd from then on, it became a day-to-day affair. Executives of both sides spent hours daily in the corridors of power, tracking the movements of the file on a nearly hourly basis — from the junior levels to the secretary’s office and then to the minister. As days began to pass, the profile of company visitors to DoT went up several notches. Kumar Mangalam Birla, chairman of the Aditya Birla Group, met senior DoT officials twice in the first nine months since announcing his telecom company’s merger with global operator Vodafone India at the end of March 2017.But then, as the tag of the fastest and smoothest M&A deal in India Inc started to lose shine, the frequency of meetings increased. Birla, in fact, has met DoT officials thrice in the past three months. Colao has also travelled from London to India twice to meet the telecom secretary and telecom minister Manoj Sinha to ensure there was no slip between the cup and the lip. On his second visit, soon after a conditional approval was granted, he was accompanied by Vodafone Group chief financial officer Nick Read, who will soon replace Colao.In the lead-up to the merger, Vodafone had also sent its group shared services chairman Ravinder Takkar, besides outgoing Vodafone India managing director Sunil Sood, into the arena to move things along. Idea Cellular managing director Himanshu Kapania too joined in. Even the Prime Minister’s Office was approached by the merging telcos, according to some company officials. Timelines were critical. The Indian telecom units of UK’s Vodafone Group Plc and the diversified Aditya Birla Group were desperate to complete the merger. They were losing Rs 200 crore a day and the delay had held up critical unlocking of an estimated $10 billion of cost and capital expenditure synergies that the combined entity needs to stay competitive on the 4G front, where Reliance Jio Infocomm and Bharti Airtel have taken the lead.Such was the desperation that India’s number 2 telco, Vodafone, and third-ranked Idea paid up over Rs 7,200 crore dues as OTSC and market fees for nonauctioned airwaves, just as demanded by DoT, though under protest, saying “any further delay for according the approval of Vodafone licences and Idea would permanently impair the merged entity.” This came, even as Vodafone India’s first quarter service revenue slumped 31% on-year. Idea’s operations, too, are weak amid sustained tariff pressures and without a one-time gain from the sale of its tower arm, the carrier would have suffered a Rs 2,757.6 crore loss (before tax and exceptional items) in the first quarter. Although everyone factors in end-moment hiccups in such a large transaction, the Idea-Vodafone deal was a very tight call indeed till last week.ALL IN A DAY’S WORKA few days after the deal was given final approval on July 26, a visibly-relieved telecom secretary Aruna Sundararajan said, “It has been quite a cliffhanger for us and there were many occasions when there were uncertainties.” The more the delay, the louder became the whispers of a conspiracy by rivals. “Of course, some forces were at play, but that is the name of the game,” alleges another official, hinting at corporate shadowboxing that has always polarised the hyper-competitive sector.Though these allegations can’t be independently confirmed, they added greatly to the intrigue behind lastminute deferments amid discussions. “We had intense negotiations. At times, they were in the next room discussing and at times, we took a step without knowing what they would do. All sides would go back to their consultants, legal experts and come back with something else that presented a new scenario,” says Sundararajan.A senior executive at one of merging telcos estimates 20-25 meetings in the last month alone. “What do you do? We could, at best, push. But we know the way India works,” shrugs another company official. “The companies may have factored in some delays but there was definitely an air of agitation when we interacted with the executives,” says a consultant who was involved in the integration process. Well-heeled executives from Idea Cellular and Vodafone India usually have that cursory meeting or two with the telecom department in a year. But it became a regular trek after India’s number 2 and 3 telcos announced plans to create India’s largest M&A deal. In the past two months, of course, it has transformed to frantic pacing as corporate crowds — including the top management — tried to coax officials into granting speedy approvals. “Isn’t it ironic that when the government is talking about ease of doing business, we have visited the telecom ministry and other regulatory bodies more now than in a few years put together?” asks an executive, who has been among those visiting DoT more often than he would have liked.ALMOST TOGETHERToday, a week after approvals are in, all sides agree that crafting the largest merger of India Inc has had unique challenges. While Sundararajan accepts there is “circularity in the process,” she adds that the department’s duty is to “safeguard government interests when these assets change hands” and compliance was adhered to. But, according to executives in these two telcos, the bureaucratic red tape cost them money and subscribers, while affecting their shareholders too.Now, only a cursory clearance from the National Company Law Tribunal is needed to form India’s largest telco, Vodafone Idea Ltd, pipping Bharti Airtel, with some 408 million subscribers and around 37% revenue market share. It will have over Rs 60,000 crore in revenue but, worryingly, also some Rs 1,25,000 crore in debt. Still, the duo will be much better off united in the fight for subscribers against Jio and Airtel. After 16 months, the alliance looks cemented. And although Birla recently said the new entity is on an “exciting journey,” some say negotiations may still be on.“We will still wait for DoT to respond to our presentation, where we have told them of our estimates and calculations. Basis what they say, we will decide whether to move court or not. But we have kept that option open despite paying up (dues),” says one of the people in the know. Possibly the biggest gain from the merger has been the creation of a template. “Overall, there is clarity and this will help for future mergers,” says Sundararajan. Analysts, though, estimate tough times ahead for Vodafone Idea, with troubles accentuated due to the delay. It will now have to beat those who edged ahead.Bank of America-Merrill Lynch, in its July report, says the merged entity would be vulnerable to market share losses, given that both Jio and Airtel are ahead of Vodafone/Idea in data investment, and will likely take away customers. While the duo has embarked on severe efforts to tone down all flab, a Credit Suisse report says despite “sharp cost cuts, we do not see annual Ebitda for the merged company crossing Rs 16,000 crore for the next three years.” It was an Idea whose time had indeed come. Perhaps sooner than it is actually happening.

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Tech rout in US wipes out $300 billion, FAANG slammed hardest

65173386 65160913 65152319 By Elena PopinaThe rush to get out of US tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interest rates and slower growth.All of the FAANGs retreated, with Facebook Inc. sinking 3.3 per cent and Netflix Inc. falling as much as 5.3 per cent. The FANG index retreated 2.5 per cent, widening its three-day loss to 9 per cent. This compares with a 1.4 per cent loss for the S&P 500 over the same time.Investors have been bailing from the space since the Facebook’s earnings hit July 25, prompting the biggest market-cap decline in US history. Market darlings since the 2016 presidential election, the group of tech megacaps has seen investors heading for exits with the advance seen as having gone too far, too fast.“Sentiment is turning sour in FANG, especially after earnings,” Michael Antonelli, an institutional equity sales trader and managing director at Robert W. Baird & Co, said in an email. “They are dragging the Nasdaq 100 down by its feet.”The selloff has widened losses in the S&P 500 Information Technology Index to 5.2 per cent, the biggest three-day retreat since March. The rout erased $240 billion from the market capitalization of the S&P 500 Information Technology Index to $6.3 trillion, from $6.6 trillion before Facebook reported a miss on its user growth.65210687 Sentiment on the tech megacaps has soured since Wednesday, when Facebook reported disappointing second-quarter user growth that knocked the stock down 19 per cent. To Bank of America’s Michael Hartnett, a rout in Facebook signaled a peak in tech megacaps, prompting him to recommend clients short the FAANG block.Support is wearing thin for technology companies. The S&P 500 Information Technology Index fell below its 50-day moving average on Monday, while the Nasdaq Composite Index and the Nasdaq 100 Index hover near that level. Investors last week pulled $1.4 billion from the largest exchange-traded fund tracking the Nasdaq 100 Index last week in the biggest withdrawal in seven weeks.

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दोस्त को किडनी देने के लिए परिवार और कोर्ट में लड़ाई लड़ी महिला, मिली जीत

आर्मी में काम करने वाले दोस्त को किडनी देने के लिए महिला ने जीती लंबी लड़ाई।

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लोकसभा चुनाव : हर राज्य के लिए कांग्रेस का मास्टर प्लान, यूपी में बसपा को मिलेंगी ज्यादा सीटें

2019 में प्रस्तावित लोकसभा चुनाव की प्रक्रिया शुरू होने में करीब सात महीने का समय बचा है। पीएम नरेन्द्र मोदी- भाजपा अध्यक्ष अमित शाह ने सत्ता में दोबारा लौटने की तैयारी शुरू कर दी है। यूपीए अध्यक्ष सोनिया गांधी ने भी शतरंज की बिसात पर बिछा रही हैं।

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फेसबुक लाइव कर युवक ने लगाई फांसी, परिजनों ने पुलिस को सूचना दिए बिना किया अंतिम संस्कार

दिल्ली से सटे गुरुग्राम में एक 28 वर्षीय युवक ने फेसबुक लाइव के दौरान फांसी लगा ली। इस घटना के सामने आने से सनसनी मच गई है।

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Delhi Metro Station Flooded Days Before Its Opening. See Pics

Delhi Metro's soon-to-open Bhikaji Cama Place metro station, which is on the Pink Line, has been facing problems due to water-logging caused by moderate to heavy rain. Due to improper drainage near...

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Mukand Group to invest Rs 750 crore to boost steel-making capacity in South India

The Mukand Group is investing about Rs 750 crore in raising steel-making capacity in southern India, augmenting output to meet increasing demand from car makers and engineering companies.The expansion plans include Rs 600 crore that will be spent by its subsidiary joint venture — Mukand Sumi Special Steel — to set up a new mill in Karnataka’s Hospet. Another Rs 150 crore will be invested into removing bottlenecks at its existing unit as Mukand gears up to cater to growing demand for speciality steels from automotive and engineering clients.Mukand Sumi Special Steel — in which Sumitomo Corporation bought 49 per cent stake for Rs 1,180 crore in May — has already acquired 100 acres adjoining Mukand’s existing plant at Hospet for the proposed construction and commissioning of a new wirerod-cum-bar-rolling mill, with finishing facilities.“This will create an additional 4 lakh tonnes per annum (ltpa) capacity by 2020,” said Rajesh V Shah, co-chairman of Mukand. He also said that various options for de-bottle-necking at Hospet are being explored for increasing steel capacity to around 1.5 ltpa.The combined manufacturing capacity of Mukand from its facilities at Thane, Maharashtra, and Hospet is 6 ltpa of special and stainless steel long products.“The capacity utilisation between our plants in 2017-18 was 75 per cent –80 per cent , which, we hope, will rise to around 90 per cent in 2018-19,” Shah added.Mukand, which posted a turnover of Rs 3,106.65 crore in 2017-18, manufactures more than 400 grades of special and alloy steels widely used in the automobile and auto component industry for products such as fasteners, bearing transmissions, crankshafts, steering components, and suspension springs.The company is betting on greenfield and brownfield expansion to raise capacity at a time when the domestic steel sector is witnessing some consolidation. Several debt-laden steel companies undergoing insolvency resolution under the National Company Law Tribunal are in the process of being acquired. However, Mukand is not looking at acquisitions to drive growth, Shah said.Over the past two decades, Mukand has spent about Rs 100 crore on waste recycling and management. While flue (waste) gases from blast furnaces at Hospet are utilised at the captive power plant and for reheating furnaces for rolling mills, Mukand meets almost 45 per cent of its power needs at Thane by buying wind power.

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Photos: जरा संभलकर! ये स्वीमिंग पुल नहीं सड़क है, कुछ ऐसा रहा सूबे के शहरों का नजारा

झमाझम बारिश के बाद चारों ओर पानी-पानी ...ये नजारा है महानगर कानपुर का। कुछ ऐसा ही नजारा सूबे के अन्य शहरों में भी देखने को मिला।

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डंपर से टकराया ट्रक, चालक की मौत

एट। कानपुर झांसी नेशनल हाईवे पर जखौली गांव के पास एक तेज रफ्तार ट्रक आगे जा रहे डंपर में पीछे से जा घुसा। जिससे ट्रक चालक की मौके पर ही मौत हो गई, जबकि क्लीनर घायल हो गया।

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घर के बाहर सो रहे वृद्ध पर फायर किया

आटा। संदी गांव घर के बाहर सो रहे एक वृद्ध को कुछ लोगों ने गोली मार दी। हालांकि गोली दीवार में लगने से उसके छर्रे वृद्ध के चेहरे पर लगे, जिससे वह लहूलुहान हो गया।

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Live: एनआरसी मुद्दे पर संसद में प्रदर्शन, गृहमंत्री बोले- रोहिंग्या को देश से बाहर भेजेंगे

कांग्रेस सांसद ने इस मामले पर प्रधानमंत्री नरेंद्र मोदी को सदन में आकर इसपर बात रखने के लिए कहा था।

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मुजफ्फरपुर: ब्रिजेश ठाकुर के एक और शेल्टर होम से 11 महिलाएं लापता, प्रशासन के हाथ-पांव फूले

मुजफ्फरपुर बालिका गृह के मामले में रोज नए खुलासे हो रहे हैं। अब एक अन्य आश्रय गृह से 11 महिलाओं के गायब होने की खबर है।

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42 देशों से भारत की प्रत्यर्पण संधिः ब्रिटेन में रह रहे 131 वांछित अपराधी, एक भी नहीं लौटा वापस

बैंकों से लिए गए 9,000 करोड़ रुपये के ऋण चुकाए बिना देश छोड़कर चले जाने वाले शराब कारोबारी विजय माल्या को ब्रिटेन से स्वदेश लाने की प्रक्रिया के तहत अंतिम सुनवाई आज (31 जुलाई) लंदन में वेस्टमिनिस्टर मजिस्ट्रेट की अदालत में होगी।

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जब लोकसभा में सांसद ने पीएम मोदी के छुए पैर तो ऐसा मिला आशीर्वाद...देखिए

बैठक में शामिल होने जब प्रधानमंत्री मोदी संसद पहुंचे उसी समय उनके सुरक्षा घेरे को तोड़ते हुए एक सांसद तेजी से आगे बढ़ कर नरेंद्र मोदी का पैर छूने झुका।

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ई-कॉमर्स कंपनियों को जवाबदेह बनाने की तैयारी, ऑनलाइन विक्रेताओं की मनमानी पर लगेगी लगाम

ई-कॉमर्स कंपनियों के खिलाफ बढ़ रही शिकायतों के मद्देनजर सरकार हर पहलू पर उनकी जवाबदेही तय करने जा रही है।

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वीडियो: लालू के बेटे तेज प्रताप ने धरा 'शिव का रूप', देवघर के लिए हुए रवाना

बिहार के पूर्व स्वास्थ्य मंत्री और आरजेडी प्रमुख लालू यादव के बड़े सुपुत्र तेज प्रताप यादव ने सावन के महीने की शुरुआत शिव की वेश-भूषा धारण कर की है।

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भारत में चढ़ रहा है 'कीकी चैलेंज' का बुखार, पंजाब के बाद अब यूपी पुलिस भी परेशान

भारतीय पुलिस के लिए सिर दर्द बन रहा है कीकी चैलेंज, लोगों को दी चेतावनी।

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आज दिनभर इन प्रमुख खबरों पर रहेगी नजर, जिनका अपडेट आपको मिलेगा अमर उजाला डॉट कॉम पर

आज दिनभर इन प्रमुख खबरों पर रहेगी नजर, जिनका अपडेट आपको मिलेगा अमर उजाला डॉट कॉम पर        

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ट्राई चीफ ने सोशल मीडिया पर जारी किया आधार नंबर, बेटी को मिलने लगे धमकी भरे ईमेल

कविता शर्मा को मिले ईमेल में लिखा है, सोशल मीडिया पर चुनौति देते हुए आरएस शर्मा की वजह से देश शर्मसार हो गया है और इससे हैकर्स उनके अकाउंट से पैसा निकाल सकते हैं।

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मोहम्मद रफी से लेकर धर्म तक इन 5 खबरों पर आज दिनभर रहेगी चर्चा

धर्म से लेकर मनोरंजन जगत की इन 5 खबरों पर आज दिनभर रहेगी चर्चा

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ईरान परमाणु समझौता : डोनाल्ड ट्रंप बिना शर्त ईरान के राष्ट्रपति रुहानी से मिलने को तैयार

ईरान के साथ परमाणु समझौता खत्म करने के बाद अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने ईरान के राष्ट्रपति हसन रूहानी से किसी भी समय बिना पूर्वशर्त मिलने की पेशकश की है।

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Man Lay On Rail Track In Mumbai. Dramatic Rescue Recorded On CCTV

The man, identified as Narendra Damaji Kotekar, told the security officer that he wanted to end his life as he was fed up with family issues.

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Tejashwi Yadav Defends Super 30 Coach, Says "Sabotage", Cites Caste

After actor-politician Shatrughan Sinha, Bihar opposition leader Tejashwi Yadav has come to the defence of Bihar mathematician Anand Kumar, who trains underprivileged students for IIT entrance exams.

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WhatsApp Group Video, Voice Calling Feature Is Now Live

WhatsApp group video calling on Android and iOS supports up to four people.

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Nick Jonas Over Bharat? Priyanka May Have Chosen Chris Pratt Actually

Priyanka Chopra has reportedly signed a film opposite Chris Pratt

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Stuart Broad Reveals Plans To Take Down Virat Kohli

Stuart Broad, who is returning to action after recovering from an ankle injury, said England have plans to stop a key player like Virat Kohli.

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They Scrambled Out Seconds Before Car Was Washed Away. Watch

The passengers of two cars and an autorickshaw managed to get out from their vehicles on a flooded road, seconds before the two four-wheelers were pulled away by a surge of strong currents in...

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Salman Khan Welcomes Katrina Kaif Onboard Bharat After Priyanka Chopra Quits

Katrina Kaif trended over the weekend as the Internet's choice for Priyanka's replacement in Bharat

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Laddoos For PM, New Seating Plan At First BJP Meet Since No-Trust Vote

Prime Minister Narendra Modi was congratulated by his colleagues with laddoos as the ruling BJP's lawmakers held their first meeting today after winning an opposition-backed no-confidence motion.

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Congress, Samajwadi, Mayawati And Ajit Singh Reach Mega UP Deal: Sources

A broad agreement has been worked out between the Congress, Akhilesh Yadav's Samajwadi Party, Dalit powerhouse Mayawati and RLD leader Ajit Singh to take on the BJP in Uttar Pradesh, the state that...

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"Manmohan Singh Started It But...": Rahul Gandhi On Assam Citizen List

Amid opposition protests over the final draft of citizens' list in Assam on Monday, which leaves over 40 lakh people facing deportation because their citizenship is in doubt, Rahul Gandhi hit out at...

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World Championship Live: Saina Nehwal Looks To Make A Confident Start

BWF Badminton World Championship 2018: Saina Nehwal takes on Turkish unseeded counter-part in the first round.

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The Truth About Rumours Of Hrithik And Sussanne Getting Married Again

The reports of Hrithik Roshan and Sussanne Khan's possible reconciliation have trended before

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Saudi King Begins Holiday In Still Unbuilt Futuristic Mega-City

Saudi Arabia's King Salman arrived for a holiday in NEOM, the $500 billion flagship business zone that his son and heir apparent has pledged to build from scratch in a remote corner of the kingdom,...

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Woman Asked Husband For A Basement. He Dug A "Heaven-Guided" Maze

When Tosya Gharibyan asked her husband to dig a basement under their house to store potatoes, she had little idea the underground labyrinth he would eventually produce would prove to be one of...

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Heavy Rains Pound Kerala As Idukki Dam Water Inches Closer To Code Red

Heavy rain lashed across nine of the 14 districts in Kerala on Tuesday as the Met office forecast that the downpour will continue till Wednesday.

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US Warns Against IMF Bailout For Pak That Could Help Pay Off China Loans

U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders.

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खेल - मिनी स्टेडियम का रास्ता साफ-City

खेल - मिनी स्टेडियम का रास्ता साफ-City

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क्राइम- तीन चेन स्नेचर पुलिस के हत् थे चढ़े-City

क्राइम- तीन चेन स्नेचर पुलिस के हत् थे चढ़े-City

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माताटीला पहुंचने लगे पर्यटक-City

माताटीला पहुंचने लगे पर्यटक-City

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हसीनाओं के जाल में फंसे तो निकलना मुश्किल-City

हसीनाओं के जाल में फंसे तो निकलना मुश्किल-City

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शातिर लुटेरे गिरफ्तार, ग्यारह मोबाइल बरामद-City

शातिर लुटेरे गिरफ्तार, ग्यारह मोबाइल बरामद-City

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Stay out: Retiring PSB chairman's parting advice to govt

By Anto AntonyThe head of one of India’s largest state-run banks says the government needs to ease its grip over the lenders or risk slowly killing off the sector.Tight government control makes it hard to attract talent or take the tough decisions needed to address the bad debts weighing down the banks, according to Ravi Venkatesan, the outgoing chairman of Bank of Baroda. Government-controlled lenders need to consolidate if they are to avoid losing yet more market share to private-sector peers, but this is better achieved after the banks get stronger rather than merging weak banks, he said.“India needs fewer, better capitalized, and better run public-sector banks,” Venkatesan said in a recent interview. “But what is happening today is privatization by default rather than intent, as public sector banks hemorrhage market share and capital.”Almost 70 percent of new deposits went to private banks in the latest fiscal year and they’re estimated to corner nearly 80 percent of incremental loans through 2020 as mounting bad debt erodes capital and constrains lending at state banks. Weak balance sheets and laws that require the state to hold at least 51 percent of their shares have left public lenders dependent on the government for new capital. 65206731 Venkatesan, 55, and his Chief Executive Officer PS Jayakumar, 56, were uncharacteristically hired from outside India’s vast state bank network in 2015, as part of Prime Minister Narendra Modi’s attempts to overhaul the system. The former Microsoft Corp. India chairman said both he and Jayakumar, a former Citigroup Inc. managing director, took pay cuts to join Bank of Baroda and be part of “something big.”The prospect of an overhaul is daunting. India’s public banks are estimated to hold 90 percent of non-performing loans, and 11 of these 21 banks are operating under an emergency program supervised by the Reserve Bank of India, which restricts their new lending. Icra Ltd., the local unit of Moody’s Investors Service, estimates India’s total loans will grow between 8 percent to 9.5 percent in the years through March 31, 2020, of which about 80 percent will go to private banks.Government-controlled lenders also suffer from 85 percent of total frauds, according to a Reserve Bank of India report. State-owned Punjab National Bank lost $2 billion in a scam earlier this year which wiped out its profit and forced it to turn to the government for more capital.“Public sector banks are systemically more accident prone,” said Venkatesan, a Harvard Business School alumnus, without naming any bank. “The decline will accelerate” unless the lenders reform, he said.He recommends the government start by allowing banks’ boards to hire their own management and free them up to decide strategy. At present, all senior appointments are made by a government-appointed panel.Once they have greater powers over management and decision making, state banks should be able to tackle their bad loan issues more effectively and eventually tap the capital markets to strengthen their balance sheets, Venkatesan said. At that point, the government should be prepared to pare its stake in the lenders.RBI Governor Urjit Patel weighed in to the debate earlier this year when he said that state ownership of the banks impedes supervision. Patel was speaking soon after the PNB fraud came to light, amid statements from government officials that politicians have to unfairly take the blame for any scams while supervisors get away relatively easy. Similar to Venkatesan, Patel had also noted that the RBI cannot remove management of state-run banks, nor can it force a merger or trigger the liquidation of these lenders. 65206721 Under Venkatesan’s watch, Bank of Baroda has sought to differentiate itself. While it has to follow government rules on cleaning up bad debt, the lender has also focused on digitization to save costs. On several metrics, it’s performing better than its peers. Last week, it posted a profit of 5.3 billion rupees for the June-quarter, three times what analysts were predicting. More than four-fifth of the analysts tracking the bank give it a buy rating, the highest ratio in at least five years, data compiled by Bloomberg show.“This management has put Bank of Baroda right ahead of the public sector pack,” said Soumen Chatterjee, head of research at Guiness Securities Ltd. “We are recommending clients buy the shares.”Even so, investors in Bank of Baroda haven’t made money over the past three years, the second-worst performance among 10 lenders that form India’s Bankex Index. The bank’s shares traded at 151.75 rupees in Mumbai on Monday, lower than the 172.69 rupees consensus 12-month price target based on a Bloomberg survey of 35 analysts.Investors are uncertain about whether Bank of Baroda’s bad loans have indeed peaked, they’re concerned the government will force mergers, and they’re unsure if CEO Jayakumar will get another term, said Venkatesan, who’s due to retire next month.“My confidence is high that as the uncertainty reduces around these three issues, the share price will reflect the strength of Bank of Baroda’s underlying business,” he said.

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