IL&FS board shortlists firms to recast its books

MUMBAI: After the Serious Fraud Investigation Office (SFIO) took a strong view against the big four audit firms, the board of IL&FS has shortlisted Indian firms to reopen and recast IL&FS’ books and the mandate for the job is likely to go to Borkar & Muzumdar and GM Kapadia and Co.The recast is expected to be completed in three months once the matter is conformed. Since the Ministry of Corporate Affairs and the SFIO have taken a strong view against some of the big four agencies that were auditors to IL&FS and are being probed for their role in not being able to raise the red flag, the choice may fall upon Indian firms from a list of potential firms available with the board.“Borkar and Muzumdar would be auditing IFIN and IL&FS while GM Kapadia would be auditing ITNL accounts for the past five years from FY13-FY18,” a person aware of the matter said on condition of anonymity.The IL&FS board has already shared its recommendations with the MCA, which in turn will seek the court’s approval, the person said. An IL&FS spokesperson declined to comment on the development. This move by the board follows the Supreme Court order on June 4, 2019, allowing the company to reopen and recast past five-year books of accounts to ascertain the extent of irregularities by the erstwhile management in case of IL&FS, IFIN and ITNL.70017457 NCLAT had already approved the reopening and recasting of accounts of IL&FS and group companies but it was challenged in the Supreme Court, which was vacated by the apex court recently.This move of completing the recast in a time-bound manner will also help in divesting assets in these companies, as the bidders would be able to take an informed, call-based decision on the revised audited accounts of the company, the person cited earlier said.The board has already announced divestment of various businesses, including roads, which are in various stages of due diligence by companies that have participated in the expression of interest process. It has raised funds by selling renewable energy business. Stake sale in seven wind energy SPVs is in the final stage after Japan’s Orix has conveyed its decision to match Gail's offer.Last week, the board reviewed the progress on divestment of all domestic and overseas assets and decided to constitute a six-member empowered committee -- including four directors Vineet Nayyar, CS Rajan, Bijay Kumar, N Srinivasan, and COO N Sivaraman -- to discuss and finalise the asset-wise framework of resolution with lenders. The board also decided to allow the bidders for toll road assets to jointly monitor traffic data and assess the revenue stream.

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Realtors to add 65 m sq ft mall space by end of 2022

MUMBAI | BENGALURU: Despite the mushrooming of ecommerce business, malls are still serious business as is evident from the plans and proposals of realty developers. The sector is riding high on the phenomenal rise in consumer spending and renewed interest by institutional investors.India is set to get over 65 million sq ft of new mall spaces by the end of 2022. Of this total new supply, the top 7 cities comprise 72% share and the remaining 28%, or 18.2 million sq ft, is slated to come up in tier-2 and 3 cities, said Anarock Property Consultants report.“This new supply is also driven by the increasing interest of institutional investors, including private equity players, who had invested almost $1.9 billion into Indian retail between 2015 and Q1 2019. In fact, over 60% of this investment corpus was infused in 2017 and 2018 alone, making these the best years for the retail sector in recent times,” said Anuj Kejriwal, chief executive officer of Anarock Retail.He said notwithstanding the decline in deal activity in the second half of 2018 following the nonbanking finance companies’ induced liquidity crisis, the retail segment attracted investments of almost $115 million in just the first quarter of 2019. 70017345 In one of India’s biggest transactions to help build a property investment platform, private equity major Warburg Pincus last month entered into a $1-billion alliance with Mumbai-based developer Runwal Group to fund retailled mixed-use projects across the country. This joint venture is planning to develop high-quality shopping malls across tier 1, 2 and 3 cities in India.“There is certainly a need for high-quality retail space and that leaves a lot of potential for institutional investments. Both from the retailer and consumer side, there is strong need for retail and social space and that is what has created the opportunity for the platform Runwal and Warburg have formed,” said Sanjay Dube, CEO, Virgo Retail Venture, a Warburg-Runwal alliance.Since 2015, Indian real estate has witnessed 25 platforms getting created aggregating to $8.8 billion by global investors such as Warburg Pincus, Goldman Sachs, CPPIB, Allianz, Ascendas, Xander, CDPQ, APG, etc. The main purpose of creation of these platforms was to create a pool that can be invested, if the investment criteria are met, without spending long time before each investment.These deals are mostly sector-focussed and were created with the aim to build longterm partnership with the other partner -- mostly a local developer with good market understanding and established execution track record.Apart from platform-level deals, the retail sector will witness new trends and methods of fund-raising, including Retail Real Estate Investment Trusts (REITs).Kejriwal reckons that REITs can be a viable tool for mall developers to raise funds, but this fund-raising instrument still needs to mature sufficiently. Also, the retail REIT structure and performance may not be directly comparable with the commercial office sector.Before the launch of official retail REIT in India, issues such as smaller lease tenure, changing business models, etc., needs to be tackled.

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Shell out fee on paytm transactions from today

NEW DELHI: Starting today, using Paytm will get a little dearer. It will start passing on the Merchant Discount Rate (MDR) that banks and card companies charge for digital transactions to consumers to help reduce the burn rate at the Noida company and turn profitable, said two people familiar with the development.The charge amounts to 1% on payments through credit cards, 0.9% for debit cards and up to Rs 12-15 for transactions by net banking and the Unified Payments Interface (UPI), one of the sources said. Paytm, backed by SoftBank and the Alibaba Group and a leader in the segment, has been absorbing the charge and hasn’t been charging anything extra for payments made through its platform.The new levies will be applicable for all modes of digital payments topping up the wallet, paying utility bills or school fees and buying cinema tickets. “There is a cost associated with every transaction,” said one of the persons. “Now (Paytm is) trying to cover that cost by passing them onto the consumers.” The person said the additional charges would be effective from Monday.Paytm said it is merely passing on the MDR that banks and card companies charge and denied levying any convenience fees. “In case there is any fee being charged, then it is in fact the MDR being passed on by the merchant to the customer,” a spokesperson said. “Paytm does not (itself) charge any convenience fee or MDR from the consumers and has no plans to levy the same in the future.”Experts said the decision was economically justified.“In 2016, when digital payment was in its infancy, it needed 0% MDR for the uptick of the overall digital payment. But now the market-formation days are long gone, so it is fair for these companies to levy the MDR back onto the consumers because it is an operational cost for them,” said Sanchit Gogia, chief analyst at Greyhound Research. “Companies like Paytm would have pressures from investors and would have to prove to them that they can become profitable now. So MDR cannot be funded all the time. You cannot have zero percent MDR situation for five years and that’s not how business works.”Last year, to promote digital transactions, the government said it will bear MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM (Bharat Interface for Money), UPI or Aadhaar-enabled payment systems.Experts said Paytm’s latest decision could have a marginal impact on the overall digital payment business in India that has expanded 10 times since the NDA government assumed charge in 2014.“There will be a certain loss of customers, which I am sure that Paytm expects,” Gogia of Greyhound said. “But the fact is that ultimately this system cannot be run for the longest time. So, it is short-term loss for the long-term gain.”

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Madam FM, Budget for growth and go easy on deficit targets

The Union Budget of 2019-20 is the biggest event to watch out this week. Brokerages say the Budget, to be presented on Friday, is likely to be expansionary given the slowing economy. They expect measures to recapitalise public sector banks and also focus on the rural economy and affordable housing. The interim budget in February had targeted fiscal deficit for the ongoing financial year at 3.4 per cent of GDP but brokerages believe that finance minister Nirmala Sitharaman may go for a one-off increase in fiscal deficit, and that such a move is unlikely to impact India’s sovereign rating. The Indian stock markets have been relatively muted in the run up to the Budget this time, partly due to the crisis in the non-banking finance space. Since May 23, when the Narendra Modi-led government scripted a decisive victory for the second time in national polls, the Sensex has gained 1.5 per cent. ET takes a look at expectations of brokerages from the upcoming Union Budget:Anand RathiThe brokerage expects the Budget to be expansionary, boosting consumption and investment through tax cuts and additional expenditure. The brokerage expects the finance minister to go for a one-off increase in fiscal deficit to Rs 8 lakh crore or 3.8 per cent of GDP, with the commitment to revert to fiscal consolidation next year. The expected budget-neutral market capitalisation would be positive for PSU banks, it said.Bank of America Merrill LynchThe firm expects finance minister Nirmala Sitharaman to try to boost investment by reducing capital costs without major fiscal impact. The interim budget’s fiscal deficit target of 3.4 per cent of GDP is likely to be retained, said BofAML, although it prefers 0.2-0.3 per cent of GDP of extra public spend. The bank expects the finance minister to earmark excess RBI capital to recapitalise PSU banks.CentrumBenign inflation trajectory coupled with the slowdown in consumption, exports and private investment establishes a strong footing for the government to defer the fiscal consolidation path for FY20 and announce economic stimulus package for reinvigorating growth impulses, said Centrum. The brokerage expects possibility of a downward revision in the targeted level of tax revenues and does not see much change in the divestment target.69972904 EdelweissThe domestic brokerage said that the budget is likely to focus on the rural economy and affordable housing. Edelweiss does not expect material changes on the tax front. The brokerage said it will be prudent to lift government spending that can offset slowdown in the private sector. Reflation should be prioritised over reforms for now, the brokerage said.Morgan StanleyThe financial services firm said the government is likely to focus on maintaining continuity in policy and spending on schemes allocated as per the interim budget. Morgan Stanley estimates fiscal deficit for FY20 at 3.5 per cent of GDP against interim budget estimate of 3.4 per cent of GDP. The firm expects the government to address capital needs of state-owned banks in the Budget.Phillip CapitalThe brokerage expects the government to maintain policy continuity with focus on agriculture, rural development and infrastructure spending. Phillip Capital said the time is ripe for the government to opt for fiscal expansion as economic growth is weakening. Fiscal deficit of 3.6-3.8 per cent of GDP will provide additional funds of Rs 40,000 crore to Rs 85,000 crore and will not have any adverse impact on Indian sovereign rating, said Phillip Capital. The brokerage does not expect the government to offer meaningful tax rebates (direct as well as indirect).70008792

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Nifty50 likely to trade in 11,600-11,900 till Union Budget

By Mehul KothariSenior Technical Analyst, Indianivesh SecuritiesNEW DELHI: There could be some consolidation going ahead, but the trend is likely to remain strong till the time 11,600 is not breached by the Nifty, according to technical analysts. Stocks like Tata Motors, Majesco, Canara Bank, HDFC Life, SBI, Bajaj Finserv and Info Edge are likely to move up as per the charts.Where are We? The expiry week remained marginally in favour of bulls since the benchmark indices ended the week with marginal gains. The Nifty spot recovered from the support of 11,600 to close near the 11,800 mark with a weekly gain of (+0.55 per cent). On the other hand, the Bank Nifty surged more than 1.5 per cent during the process.What is in Store? At this juncture, the Nifty has formed an intermediate swing high of 11,911. Also, the daily chart of Bank Nifty depicts a ‘Shooting Star’ candlestick pattern which is a reversal one and that too exactly at 78.6 per cent Fibonacci retracement level of the previous move. Thus, there could be some consolidation or profit booking going ahead. But the trend is likely to remain strong till the time 11,600 is not breached by the Nifty. On the downside, the index has a support at 11,700-11,600; while the upside hurdle is at 11,920. A move above 11,920 might pull the index towards its life high.What could Investors Do? On the stock front, we are bullish on Tata Motors for the coming weeks. After a relentless correction from Rs 239; the stock found support near the 150 mark which is the 78.6 per cent Fibonacci retracement levels of the previous rise. The stock has formed a bullish ‘Hammer’ formation at the retracement support. The weekly rising RSI indicates fresh upside going ahead. Thus, traders can accumulate the stock between Rs 162 and Rs 158 with a stop below Rs 150 for the upside target of Rs 170-180. With regards to trend line breakout, stocks like Majesco, Canara Bank and Voltas should be kept on the radar for buy on dips.

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New Railway Timetable To Come Into Effect From Today

The Indian Railways is going to implement its new timetable from July 1, it said on Sunday.

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US Press Secretary Bruised After Brawl With North Korea Security: Report

New White House press secretary Stephanie Grisham was bruised Sunday in a scuffle between North Korean security and members of the U.S. press pool covering President Donald Trump's meeting with North...

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Clash Breaks Out Between Doctors, Family Of Dead Woman In Delhi Hospital

A clash allegedly broke out between doctors and relatives of a dead patient at Bara Hindu Rao Hospital in Delhi late on Saturday night, police said on Sunday.

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महबूबा मुफ्ती का विवादास्पद बयान, जर्सी को बताया इंडिया की हार का जिम्मेदार

जम्मू एंड कश्मीर की पूर्व मुख्य मंत्री महबूबा मुफ्ती ने टीम इंडिया को इस विश्व कप में इंग्लैंड के हाथों मिली पहली हार के लिए नई संतरी जर्सी को जिम्मेदार ठहराया।

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Centre outlines plan to counter China’s BRI

NEW DELHI: India has outlined its rebalancing strategy to counter China’s Belt and Road Initiative (BRI), highlighting its offer of soft loans for several development and capacity building projects across continents.India has a robust development cooperation agenda, constituting a significant dimension of its close and multifaceted ties with many partner countries, including in India’s neighbourhood, said V Muraleedharan, the minister of state for external affairs, answering a query in the Lok Sabha last week, while expressing strong reservations against the BRI and the China-Pakistan Economic Corridor.“Extension of Government of India (GoI) Lines of Credit (LoCs) on concessional terms is an important component of this development partnership in diverse areas of socio-economic development such as power, transport, connectivity, agriculture and irrigation, manufacturing industries, water and sanitation, healthcare,” the minister said. “As part of the GoI LoC programme, 279 LoCs have been extended to 63 countries of Asia, Africa, Latin America, Caribbean, O c e a n i a a n d Commonwealth of Independent States worth nearly $28 billion,” Muraleedharan informed the lower house of Parliament. Of this, 254 projects aggregating nearly $4.70 billion have been completed, while 194 projects worth nearly $19 billion are under implementation, he said. These include 94 connectivity projects in five countries in India’s immediate neighbourhood that are being taken up with GoI LoCs worth nearly $6.6 billion, he informed the House.Interestingly, there was no mention of any Indo-Japan bilateral project in the Indo-Pacific region or the proposed trilateral cooperation involving India-Japan-USA or any proposed Quadrilateral (India-Japan-USA-Australia) aimed at rebalancing the BRI. Referring to the government’s position on China’s ‘One Belt One Road’ (OBOR) or BRI, the minister emphasised this has been clear and consistent. “The inclusion of the so-called ‘China-Pakistan Economic Corridor’ , which passes through parts of the Indian state of Jammu and Kashmir under illegal occupation of Pakistan, as a flagship project of ‘OBOR/BRI’, reflects lack of appreciation of India’s concerns on the issue of sovereignty and territorial integrity,” he said. The government has conveyed to the Chinese side its concerns.

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Banks wary of rising hedging cost

MUMBAI: A dozen large banks have alerted the Reserve Bank of India (RBI) about the spike in hedging cost of corporates as banks are unable to handle surplus dollar.The higher hedging cost, as borne out by 100 basis points rise in dollar-rupee forward premium in the past three months, is hurting importers and threatening to unsettle plans of many corporates who took cheaper foreign currency loans.Over the last few weeks several large Indian and MNC banks met senior RBI officials to put across their point, two senior bankers told ET.They have sought the central bank’s intervention in allowing foreign banks operating in India to freely park extra dollars offshore with their head office; alternatively, RBI should carry out swaps, as it had done earlier, to absorb the surplus dollar from the banking system.There are multiple reasons behind the hardening hedging cost: a new exposure rule for banks; RBI announcing and discontinuing dollar-rupee swap deals; and higher external commercial borrowings (ECBs) by corporates.Swap Deals Encouraged CorporatesEasier norms on foreign currency borrowings and special foreign currency swap deals announced by RBI this year — in which RBI took dollars from banks and supplied them rupees — had encouraged many corporates to step up their foreign currency borrowings. More so, because these three-year swap deals by RBI kept the premium and hedging cost low. And, since it was widely perceived (following hints from RBI officials) that such swaps would be conducted on a regular basis, corporate were emboldened to borrow more in foreign currencies and hedge their risks (arising out of currency fluctuation) at a manageable cost.70017224 A corporate that brings in foreign currency loan exchanges the money into local currency by entering into a swap deal with a bank — the corporate gives the bank dollars and accepts rupees from the bank. The difference between the interest on dollar which the bank is supposed to pay the corporate and the interest on rupee which the corporate is required to pay the bank roughly constitutes the forward premium.As more and more corporates borrowed in dollar, more foreign currency had to be swapped. The foreign banks, which are large players in these deals, typically placed the surplus dollar with their head-office abroad — a customary transaction they have been carrying out for decades. But this was no longer possible since April with RBI changing the large exposure rules for banks.Under the new rule, the quantum of exposure a bank can have on another bank is linked to its capital. (Till now such restrictions for a bank largely applied to its exposure to a corporate or a business group). Even though the Indian branch and the headquarters of a foreign bank are part of a single global balance-sheet, the local bank’s exposure to its head-office came under the exposure restrictions laid down in the new regulation.Thanks to the new rule, foreign banks who took dollar from corporates as well as from other banks (as part of swap deals) could not park the fund with their head-offices. Instead, they were forced to swap the dollars to another bank. With more and more banks entering the market to swap dollar, the swap rate rose. (In other words, the interest on rupees taken in from a swap rose while the interest on dollar given out in a swap fell, thereby, widening the interest differential or the forward premium).“On one hand, RBI had stopped announcing three-year swaps while on the other hand the new exposure norms held back banks from parking dollar with headquarters. As a result, many banks were stuck with dollars which had to be swapped. This pushed up rates... It was a perfect example of how a well-meaning measure backfired. When forward premium rises, it hurts a lot of people. And when the one-year forward rates goes up, it has a cascading effect on two or three years also though not to the same extent,” a banker told ET.Stretching the large exposure rule to inter-bank deals was primarily to protect local branches and depositors in India from possible turmoil of the main bank abroad. “But this is having unintended consequences...under the circumstances, RBI has to announce more swaps to soak in the dollars. However, we don’t know when RBI would do it,” said another banker.Till now, RBI conducted two swaps of $5 billion each from bids of $19 billion and $16 billion. But, the central bank stopped further auctions after a large corporate cornered the entire swap. “More than $10 billion had to be swapped in the market as there was a bunching up of dollar loans. Banks have told RBI to come out with greenshoe options in subsequent auctions so that no single corporate would bid aggressively. Putting a cap for a single bidder was also suggested… We are yet to hear anything from RBI. But if forward rates have to be lowered in the near term, the regulator has to consider carrying out more swaps or changing the exposure rules,” said another banker.RBI officials did not comment on the matter.

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With Jet in NCLT hangar, assets on Tata radar

MUMBAI: The Tata Group plans to bid for some assets of Jet Airways as it undergoes bankruptcy resolution, said people with knowledge of the matter. It had told bankers as much when they sought to interest the group in a rescue plan before the carrier was sent to bankruptcy court. The focus for the Tata Group will be assets it can use to scale up and tap the gap created by the exit of Jet, officials said.“We were reluctant when it was on the books of the company. Now that it’s with NCLT (National Company Law Tribunal), one can look at the bilateral rights and whatever is available in terms of fleet to quickly grow our business,” said one of the persons. “There is no value in buying the company anyway.”The Tata Group had withdrawn from talks for a possible acquisition in November 2018. The board of group holding company Tata Sons advised caution due to worries over the Naresh Goyal promoted airline’s liabilities and ownership. The Tata Group has a presence in aviation through budget airline AirAsia India Pvt Ltd and full-service carrier Vistara, a joint venture with Singapore Airlines Ltd.“With demand evidently remaining unfulfilled, we like other airlines have sought to get more aircraft into our fleet, including those grounded at present,” said Tata SIA Airlines chairman Bhaskar Bhat. “Acquiring (Jet’s) Boeings makes our otherwise A320 Airbus fleet asymmetric but it will at least service the gap even if temporarily.” On June 20, the NCLT admitted an insolvency appeal from State Bank of India (SBI) against Jet after the airline repeatedly defaulted on loan repayments.Slots Allocated on Temporary BasisGrant Thornton partner Ashish Chhawchharia was appointed insolvency resolution professional for Jet. A person in the know said that while executives from Etihad Airways, the Hinduja Group and the newly formed consortium of UK-based Adi Partners and the airline’s employees have met Chhawchharia, no executive from the Tata Group has approached him yet.70017178 The government has farmed out Jet’s slots to its rivals as its grounding in April has created a shortfall in capacity and fares have soared. The ministry of civil aviation has allowed Jet’s rivals to use its slots till the end of December, around when the NCLT wants the insolvency procedure completed. A new investor will get back the slots if it can get Jet flying again. Jet also has a fleet of 14 planes — mostly wide-bodied Boeing 777s and Airbus 330s. The start of the bankruptcy process has stalled efforts by financers and lessors to repossess Jet’s planes.“Long before NCLT, the employees and the planes were steadily being depleted from the company,” said an executive. “The government also started reallocating the slots to various airlines. Now very little is left in Jet Airways to buy. Even the international bilateral rights will slip away from an airline that has no aircraft to use them.”The Tata Group sees demand rising in such a situation, said people with knowledge of the matter.“We have been requesting our suppliers to hurry up with deliveries,” said one of them. “We are clearly expanding our network aggressively and have also got international rights.”Tata Sons and Singapore Airlines have infused a combined Rs 900 crore into Vistara in the past few months, bolstering efforts by the carrier to improve its financial health and take delivery of new planes from Airbus SE and Boeing Co. Tata Sons pumped in Rs 459 crore fresh equity by subscribing to two rights issues — one in December and the other in March.Vistara recently obtained government approval to launch international flights. It currently operates 730 flights a week to 24 cities in the country using a fleet of 23 single-aisle Airbus A320 and six Boeing 737s earlier flown by Jet. The airline has been slow to expand and currently accounts for just 5% of the domestic market. It has approvals to start international operations to Singapore, Bangkok and Dubai. It has stalled plans to start maiden international flights to Colombo after the Easter Sunday blasts in the island-nation.It plans to add about 60 planes, including 10 Boeing 787 Dreamliners in the next five years through a mix of direct orders, leases and options. The rest will be Airbus A320neos and A321neos.AirAsia India aims to start international operations by October this year and is looking to fly to Sri Lanka, Thailand and Kuala Lumpur. The airline recently received its 21st plane and aims to take the fleet size to 40 aircraft in a year. It operates 164 daily flights.

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NSAB comes up with traceability to help Whatsapp

New Delhi: India could well have a locally developed solution to the message traceability dispute with social media major WhatsApp. Prof. V Kamakoti of IIT Madras, a member of the National Security Advisory Board (NSAB) which advises the PMO on security matters, said the solution would help WhatsApp to provide the phone number of the sender of a message, without tampering with the encryption which is critical to the Facebook-owned popular chat app.Talking to ET, Kamakoti said WhatsApp can “easily” meet India's demand to trace each message on the messaging platform if it is ready to work with the NSAB. "We are ready to work with WhatsApp in case they need any help in getting this implemented... This message has been conveyed to WhatsApp," he said.The expert on artificial intelligence and cyber space said the solution would not require WhatsApp to read the messages at any stage, thus keeping its encryption in place while at the same time avoiding violating any privacy rights."A request to WhatsApp is that the phone number of the author of a message be made part of the message whenever it is created," he said. “Then the author's phone number ‘travels’ as part of the encrypted message as and when it is forwarded multiple times from one recipient to the next.This enables the recipients of a message to know the phone number of the author so that they can clarify or verify about the contents of a message from its author.WhatsApp does not need to open or read the messages to enable this feature,” he said. The government has been insisting on the traceability of WhatsApp messages, especially after misinformation and rumours floating on the platform had led to a spate of lynchings in 2018. The US company has pushed back, saying it would infringe on the privacy of its users. Besides, it would have to change its entire architecture to embed elements to trace messages. India is the largest market for WhatsApp with 350-400 million people using the messaging application. Further explaining the mechanism, Kamakoti said when the creator of the message first sends it to his contact(s), these contact(s) will know who the author is, even in the current version of WhatsApp.Further, if the author of a message has no objection to these contact( s) forwarding the message to others, then there is no issue with what is proposed. If the author has an objection and yet the receiver forwards it, then it is a breach of privacy between the two parties.Here, the social media platform is not responsible for it. In addition, suppose the author wants that the message should not be forwarded by the recipients, then he/she can be provided an option to choose between "forward-able/not forwardable" at the time of creation of the message.This needs only one bit -- a fraction of a byte -- to be added to the message, which does not allow the receiver to forward it further.

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अमेरिका के टेक्सास में एक निजी विमान क्रैश, 10 लोगों की मौत

अमेरिका के टेक्सास में एक निजि विमान क्रैश हो गया। हादसे में कम से कम 10 लोगों की मौत हो गई है।

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अलर्टः सीमाई जिलों में चीनी भाषा बोलने वालों की होगी जांच

नेपाल सीमा से सटे उत्तराखंड के जिलों में चीनी भाषा का प्रभाव बढ़ने और नेपाली माओवाद को चीन का नैतिक समर्थन प्राप्त होने की आशंका को लेकर शासन सतर्क हो गया है। 

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सबसे बड़ी गैर बैंकिंग वित्तीय कंपनी (एनबीएफसी) से 90 हजार करोड़ वसूलने की तैयारी

कर्जदाता समूह इस कंपनी में सबसे बड़ा शेयरधारक बनने के लिए कर्ज की राशि को इक्विटी में बदलने पर चर्चा करेगा। यह योजना आरबीआई के एनपीए पर जारी संशोधित सर्कुलर को ध्यान में रखते हुए तैयार की जा रही है।

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A Year Since Delhi Family Deaths, Relative Says Dissatisfied With Probe

Dinesh Chundawat, the eldest son of the Chundawat family whose 11 members were found dead in mysterious circumstances in Delhi's Burari last year, does not believe that they died while conducting a...

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Karun Nair Gets Engaged To Long-Time Girlfriend

Karun Nair has featured in six Test matches and two ODIs for India.

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यूपी: कमलनाथ की ओएसडी और उनके आईएएस पति पर मुकदमा

मप्र के सीएम कमलनाथ की ओएसडी प्रज्ञा ऋचा श्रीवास्तव और उनके आईएएस पति मनु श्रीवास्तव के खिलाफ जार्जटाउन थाने में आपराधिक साजिश का मुकदमा दर्ज हुआ है।

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नेपाल करेगा 20वें आइफा अवार्ड की मेजबानी, तीन दिवसीय आयोजन में खर्च होंगे एक अरब नेपाली रुपये

नेपाल पर्यटन बोर्ड के सीईओ दीपक राज जोशी ने रविवार को बताया कि नेपाल कैबिनेट ने अगस्त में आइफा अवार्ड की मेजबानी के प्रस्ताव को मंजूरी दे दी है और कार्यक्रम के लिए जरूरी बजट को जल्द रिलीज कर दिया जाएगा। 

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भेदभाव पूर्ण नीति का बचाव करने से नाराज सिख समुदाय ने कमला हैरिस से की माफी की मांग

सिख कार्यकर्ताओं ने आरोप लगाया है कि कैलिफोर्निया की अटॉर्नी जनरल रहते हुए हैरिस ने दाढ़ी नहीं रखने की इस नीति का बचाव किया था।

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चार हजार लोगों की रद्द हो सकती है नेपाली नागरिकता

कुछ माह पूर्व ही नवलपरासी में चार सौ लोगों की नेपाली नागरिकता रद्द हुई थी। इसके बाद नेपाल के गुप्तचर विभाग ऐसे लोगों का ब्योरा जुटा रही है। इसके तहत अब तक चार हजार लोगों को चिह्नित किया गया है।

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राहुल गांधी कांग्रेस शासित राज्यों के सीएम से मिलेंगे, इस्तीफे की पेशकश के बाद पहली मुलाकात

बैठक का एजेंडा हालांकि स्पष्ट नहीं हो सका है लेकिन उम्मीद की जा रही है कि इसमें कांग्रेस को हाल में संपन्न लोकसभा चुनावों में मिली करारी हार, खासकर हिंदी पट्टी में मिली पराजय को लेकर गहन मंथन किया जायेगा।

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Nurse Locks Room, Sets Herself On Fire At AIIMS In Jodhpur, Dies

A woman nursing staff of Jodhpur's AIIMS Hospital allegedly committed suicide by setting herself on fire, Additional Police Commissioner (ADC) Chain Singh Mahecha said.

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What is robbing the G20 of its essence

The fourteenth summit of the Group of Twenty (G20) major economies in Osaka, Japan, on June 28-29 revealed more discord and weakness than unity and strength in the global governance architecture.G20 summits are meant to underline international problems and address them through policy coordination and guidance from the highest political level of heads of state and government. But as member countries diverge sharply on core issues, this unique institution risks losing the relevance it earned in the initial years following the 2008 global economic crisis.Today’s G20 is a pale shadow of what it used to be because everyone knows what the big challenges affecting the world are and, yet, consensus for collective action eludes.The Osaka summit’s top two themes were to spur growth in the slowing global economy and promote freer trade and investment. But in the wake of relentless trade wars between the US and multiple countries which are threatening growth prospects around the world, the G20 has not managed to convince member states to spurn protectionism.Condemning protectionism had been a unanimous default position of G20 summits until US President Donald Trump’s advent in 2017. But since then, the group’s shared belief in the principle of free trade has eroded.Trump is leading the charge of narrow national interest-based policymaking without consideration for the wellbeing of the broader interests of other countries. Like a domino effect, once the US erected tariff barriers in the name of “America First”, others had no option but to retaliate and we are now caught in a downward spiral.The World Trade Organisation (WTO), whose own future has been clouded by American scepticism and the declining spirit of multilateral cooperation, has trimmed its global trade growth forecast to 2.6% in 2019, compared with 3% in 2018. At Osaka, concerned leaders like Prime Minister Narendra Modi explicitly named protectionism and unilateral tendencies as negative trends that must be reversed. But the group as a whole has failed to implement measures to remove trade and investment barriers.Trump is not the only spoiler. Part of the paralysis has to do with the fading of a sense of crisis and urgency which compelled all G20 members to set aside selfish behaviour and save the global economy after the 2008 crash. The willingness to adjust and make concessions for other countries has dimmed. Nationalism is indeed trumping globalism.Another central priority on which the G20 has fragmented into a motley gathering lacking in cohesion is climate change. The Osaka summit did name it on paper as a sub-theme.But, again, consensus and a concrete push are missing. Scientific evidence that greenhouse gas emissions are not being cut adequately should have roused the entire G20 to issue decisive commands to combat this ongoing emergency. But Trump’s denial of the crisis and the drying up of climate finance funding from developed to developing nations to transition to green technology are terrible omens. The environmental commons could be battered far worse in times to come.Energy supplies and renewables have always been on the formal agenda of G20 summits. Osaka was no different. Leaders of large energy importing countries like India expressed alarm about war between the US and Iran and its impact on oil markets. Modi told Trump in their bilateral at Osaka that peace and stability in the Persian Gulf region was in “India’s fundamental interest”. The G20 host Japan even pitched in as a mediator between the US and Iran.But the American crusade against Iran is driven by domestic politics within the US. Trump is also happily peddling American shale oil as a substitute to Iranian crude, thereby advancing market share for US energy companies. Naked pursuit of domestic interests rather than the welfare of the international community is robbing the G20 of its essence.A striking aspect of the Osaka summit was the forceful articulation of the age-old conflict between “Global South” and “Global North”.“Minilaterals” on the sidelines of the main summit insisted on the centrality of a developmentcentric course where the special needs and interests of poorer nations are respected. For example, the sub-group of Russia, India and China (RIC) batted for a “rule-based trading system” and appealed to “maintain the trend of globalisation”.In the Brazil, Russia, India, China and South Africa (BRICS) informal, Modi criticised “one-sided decisions” roiling the global economy and demanded “all-inclusive” development with lessened inequalities.Besides the classic “North versus South” fault line, “North against North” rifts are also undermining the G20. Some liberal European leaders continue to be aghast by Trump’s populism. “Trans-Atlanticism” has hit rock bottom. But inside Europe, there is a pro-Trump far-right camp, which is defying liberal leaderships in France and Germany.Labelling the G20 a broken family or a Tower of Babel is no exaggeration. Its grand mandate of steering the world economy will remain aspirational until it gets its own house in order. Given the illiberal political winds blowing across the horizon, expecting a multilateral revival is wishful.

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छत्तीसगढ़: नए प्रदेश कांग्रेस अध्यक्ष को जिम्मेदारी सौंपते हुए रो पड़े सीएम बघेल, वीडियो वायरल

छत्तीसगढ़ के मुख्यमंत्री भूपेश बघेल नए प्रदेश अध्यक्ष मोहन मरकाम को जिम्मेदारी सौंपते वक्त रो पड़े। इस दौरान उन्होंने अपने संबोधन में कहा कि 2014 लोकसभा चुनाव के बाद से परिस्थितियां बहुत विपरीत थीं।

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बिहार: साइकिल से घर लौट रही नाबालिग लड़की से गैंगरेप, पीड़िता की हालत गंभीर

बिहार के सारन जिले में स्कूल से लौट रही 17 साल की लड़की के साथ तीन लोगों ने कथित तौर पर दुष्कर्म किया है। पुलिस का कहना है कि घटना उस वक्त की है जब लड़की साइकिल से अपने घर लौट रही थी।

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BJP Leader Who Hit Official With Cricket Bat Walks Out Of Jail, Garlanded

Akash Vijayvargiya, a BJP legislator in Madhya Pradesh and son of senior party leader Kailash Vijayvargiya, was released from jail this morning. The politician, who was arrested for thrashing a civic...

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China's Biggest Casinos Use Artificial Intelligence To Spot Who Will Lose

Some of the world's biggest casino operators in Macau, the Chinese territory that's the epicenter of global gaming, are starting to deploy digitally-enabled poker chips and baccarat tables, hidden...

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Woman Who Ran Away With Dalit Man Thrashed By Family In Madhya Pradesh

A 21-year-old woman was thrashed by a group of men from her family for allegedly refusing to marry a man from her community in Dhar in Madhya Pradesh.

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रिहा हुए 'बल्लेबाज' विधायक आकाश विजयवर्गीय, कहा- जेल में अच्छा समय बीता

क्रिकेट बैट से अधिकारी को पीटने के आरोप में जेल में बंद भाजपा विधायक आकाश विजयवर्गीय को आज रिहा कर दिया गया। शनिवार को भोपाल सेशन कोर्ट ने सुनवाई के बाद उन्हें जमानत पर रिहा करने का आदेश सुनाया था।

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Trump Goes To Demilitarised Zone After Asking Kim Jong Un To "Say Hello"

US President Donald Trump heads for the Demilitarized Zone dividing the two Koreas on Sunday and a possible impromptu summit with North Korean leader Kim Jong Un, in what would be a remarkable...

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Rahul Gandhi Press Meet Passes Sold For A Lakh: Suspended Congress Leader

Suspended Congress leader Karate R Thiagarajan on Saturday alleged security lapse during party chief Rahul Gandhi's recent visit to Chennai, claiming that the state Congress media coordinator sold...

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Chhattisgarh Chief Minister Tears Up After State Congress Gets New Boss

Chhattisgarh Chief Minister Bhupesh Baghel's had an emotional moment on Saturday when he passed the baton of the state Congress chief to Mohan Markam.

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Probe Underway: French Envoy On Break-In At IAF's Office Handling Rafale

French ambassador to India Alexandre Ziegler on Saturday said the investigation into a possible data theft during the break-in into the Rafale project management team office in Paris is still...

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"Attacks On Kamala Harris Racist, Ugly": Democrats Hit Back At Trolls

Sen. Kamala Harris, one of only two black presidential candidates in a field of two dozen, had a history-making moment on the debate stage Thursday night when she challenged former vice president Joe...

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Girl Allegedly Kidnapped, Raped In Moving Car In Bihar's Chhapra

A girl was allegedly kidnapped and raped by four men in a moving car in Bihar's Chhapra district, police said.

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लू का दौर दो दिन और, उमस भरी गर्मी ने छुड़ाए लोगों के पसीने

राजधानी में शनिवार को तेज गर्मी ने लोगों के पसीने छुड़ा दिए। दिनभर गर्मी का येलो अलर्ट जारी रहा। आने वाले दो दिन भी लू का प्रकोप जारी रहने के आसार हैं।

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Four Indian Women Locked, Forced To Work As Bar Dancers In Dubai, Rescued

Four Indian women who were tricked into working as bar dancers flew back to home on Friday after being rescued by Dubai Police following a tip-off from the Indian consulate.

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तमंचे के बल पर किशोरी से मदरसे में सामूहिक दुष्कर्म, जान से मारने की धमकी

सदरपुर थाना इलाके में हथियारों से लैस चार दरिंदों ने सरेशाम एक किशोरी का अपहरण कर मदरसे के अंदर उससे सामूहिक दुष्कर्म किया।

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दिल्ली सरकार से मुकाबले का संकल्प, भाजपा ने तैयार किया खाका

प्रदेश भाजपा कार्यकारिणी की डॉ. भीमराव अंबेडकर इंटरनेशनल सेंटर में हुई दो दिवसीय बैठक के समापन पर राजनीतिक प्रस्ताव लाया गया।

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अयोध्या, राफेल जैसे संवेदनशील मसलों पर सुप्रीम कोर्ट फिर शुरू करेगा सुनवाई

शीर्ष कोर्ट राफेल मसले पर दायर पुनर्विचार याचिका व ‘चौकीदार चोर है’ बयान को सर्वोच्च अदालत के हवाले से कहने पर राहुल गांधी के खिलाफ अवमानना मामले पर अपना फैसला सुना सकता है। साथ ही अयोध्या जैसे संवेदनशील मामले की सुनवाई करेगा। 

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पहली जुलाई 2020 से ‘एक देश, एक राशनकार्ड’ सिस्टम, देश में कहीं भी ले पाएंगे सब्सिडी पर अनाज

खाद्य मंत्री राम विलास पासवान ने कहा कि अभी 10 राज्य आंध्र प्रदेश, गुजरात, हरियाणा, झारखंड, कर्नाटक, केरल, महाराष्ट्र, राजस्थान, तेलंगाना और त्रिपुरा सार्वजनिक वितरण प्रणाली (पीडीएस) में पोर्टेबिलिटी प्रदान कर रहे हैं।

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भारत को आपदा प्रबंधन में दुनिया का नंबर वन देश बनाना होगा: अमित शाह

शाह ने कहा कि एनडीआरएफ के सामने आपदा प्रबंधन में दुनिया में नंबर एक बनने का लक्ष्य मुश्किल जरूर है लेकिन नामुमकिन नहीं है।

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दावा: बांग्लादेश में मदरसों से नहीं, स्कूलों से भी निकल रहे कट्टरपंथी

रिपोर्ट में दिए गए आंकड़ों के हवाले से देश के खुफिया विभाग के अतिरिक्त डिप्टी इंस्पेक्टर जनरल मोहम्मद मोनिरुज्मान ने बताया कि 56 फीसदी कट्टरपंथियों ने सरकारी स्कूलों में तालीम हासिल की जबकि 22 फीसदी ने निजी स्कूलों में पढ़ाई की।

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नीति आयोग की पहल: अगले खरीफ मौसम से गरीबों को मिलेगा पोषक तत्वों से भरपूर चावल

शुरू में इसके तहत देश के 15 राज्यों के एक-एक जिले में इस तरह के चावलों की आपूति होगी। यदि इसका परिणाम सुखद रहा तो इसका विस्तार देश के अन्य इलाकों में भी किया जाएगा।

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Indian café chain market will reach Rs 4,540 cr by 2023: Report

NEW DELHI: India is now the world’s 10th fastest growing market for specialist coffee and tea retail chains, valued at Rs 2,570 crore in 2018, says a report by market researcher Euromonitor International. The café chain market, led by Cafe Coffee Day and Tata Starbucks, is also one of the fastest growing categories in the consumer food service industry, estimated to grow 6.9% a year to Rs 4,540 crore by 2023 in value sales at constant prices exclusive of inflation. In comparison, the Rs 12,845-crore cola carbonated soft drinks market, though on a much larger base, is estimated to grow at 3% a year for the next five years, the report said. (See graphic.) “Specialist coffee shops appeal to young people, especially in large cities, as they not only offer highquality coffee, but also free Wi-Fi and a friendly environment,” the report said. “Consumers frequenting cafes in India are primarily 18-35 years old which comprises the country’s primary working force with higher disposable income and fast-paced lives.”Euromonitor said the outlook for both independent and chained cafes and specialist coffee and tea shops remained strong on the back of constant innovation and wider offering. Some products, such as cold brew coffee, are displaying exceptional growth. “One area with strong long-term growth prospects is tea, which has traditionally mainly been consumed at home,” the report said.On the other hand, aerated beverage makers are looking to diversify their businesses as consumers world over increasingly opt for healthier options.“In the last few years, consumer preferences have shifted towards non-sugary healthier alternatives,” said Amulya Pandit, senior research analyst at Euromonitor International. “PepsiCo gets more than 50% of its global revenue from foods, while Coca-Cola doesn’t have that leverage. Therefore, it is looking to diversify its business in non-alcoholic drinks categories other than carbonated drinks.”

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No Biscuits, Cookies, Only "Healthy" Snacks For Meets: Health Ministry

With the aim to move towards "healthy eating", the Ministry of Health and Family Welfare has decided to serve food like dates, roasted chana, almond and walnuts instead of cookies and biscuits.

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OnePlus 7 vs Asus 6Z: Camera, Performance, Battery Life Comparison

OnePlus 7 and Asus 6Z might seem very similar on paper, but it's the attention to detail that makes one of them a better pick than the other. OnePlus 7 and Asus 6Z camera, performance, and battery...

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Australia's Scott Morrison Tweets Selfie With PM Modi - And A Compliment

Australian Prime Minister Scott Morrison tweeted a selfie that he took with Prime Minister Narendra Modi at the G20 Summit in Osaka in Japan this morning. The first day of the Summit on Friday was...

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जी20 सम्मेलन Live: ट्रंप और इवांका से मिले पीएम, मॉरिसन ने मोदी संग शेयर की सेल्फी

प्रधानमंत्री सम्मेलन में अपने शेरपा सुरेश प्रभु, विदेश मंत्री एस जयशंकर और राष्ट्रीय सुरक्षा सलाहकार अजीत डोभाल के साथ जी20 सम्मेलन में पहुंच गए हैं।

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सेमीफाइनल की रेस से बाहर हुई तीन बड़ी टीमें, रोमांचक मोड़ पर पहुंचा World Cup 2019

12वें वर्ल्ड कप में सेमीफाइनल की रेस से बाहर हुई तीन टीमें

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कर्नाटक के बाद भाजपा की निगाहें आंध्रप्रदेश पर, बन सकती है मुख्य विपक्षी दल

भाजपा को उम्मीद है कि टीडीपी के जमींदोज होने के बाद अगला चुनाव वाईएसआरसीपी बनाम भाजपा ही होगा। इसलिए कुछ बाद में ही सही लेकिन उसे वाईएसआर कांग्रेस के खिलाफ भी मोर्चा खोलना ही पड़ेगा।

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Jet grounded, international fares take to the sky

MUMBAI: The slump in international capacity created by the grounding of Jet Airways has led to a steep rise in overseas airfares, said executives at airlines and travel companies.Flights to destinations such as London, New York and Toronto have seen the biggest increase. For instance, fares on the Mumbai-New York route rose as much as 157% between March and June, according to data compiled by travel portal Cleartrip.Jet Airways suspended all operations on April 17, having run out of money to operate, although it had been cancelling flights all year before that. Until December, it operated close to 120 daily international flights, which contributed about 60% of its revenue. The abrupt stoppage had meant that some planes were unable to make their scheduled trips back to India. “There has been a major decline in capacity, especially in the medium-to-long haul sectors and we have seen a significant spurt in pricing,” said Rakshit Desai, managing director at FCM Travel Solutions, a corporate travel company. “Sectors such as Mumbai-London, where Jet had as many as three daily flights, have been deeply affected. Leisure travellers, especially those booked on Jet earlier, have suffered the most as they have had to rebook their flights at the last minute at steep prices.”The sharpest rise has come in upper class ticket fares, he said. “It has been difficult to get tickets — business class fares on almost every long-haul sector have more than doubled,” said a top executive at a low-fare carrier. The ministry of civil aviation last week gave away close to 400 international arrival and departure slots to Jet’s rivals. 69997325 Half of them went to state-run Air India, the country’s only carrier that has long-haul operations.The other half were allocated to low-fare carriers led by market leader IndiGo. The government has done the same with Jet’s domestic slots. Local fares too have been rising after Jet’s grounding of flights. But there will be some moderation in these after rivals add capacity to fill the gap.Experts said it won’t be the same for international routes. Low-fare carriers operate to short-haul destinations such as those in the Gulf and Southeast Asia. Air India, itself cashstrapped, has had to ground several planes for lack of spares and will find it difficult to quickly add capacity to capture Jet’s market. Foreign carriers, except in the case of the US and UK, are constrained by bilateral agreements. And, American and British carriers aren’t expected to quickly add capacity to serve the Indian market.Also, Jet had built up a network of partnerships with about 150 foreign carriers over the years.“Jet’s passengers had access to a massive codeshare and interline network built over the course of more than two decades. All of that is wiped out and will take years to replicate or build,” said Manish Dureja, managing director of Jet Privilege, the loyalty programme jointly owned by Jet and its 24% partner Etihad Airways. Dureja was earlier vice president of marketing for Jet.The airline is currently undergoing bankruptcy resolution after attempts to come up a rescue plan failed.

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15 Dead After Wall Crashes In Pune After Heavy Rain, Many Cars Stuck

Fifteen people have died in Pune after the compound wall of a residential building collapsed early this morning. Dramatic visuals showed several cars stuck in debris.

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Trai stands by its Rs 3,050-cr fine on telcos

NEW DELHI|MUMBAI: The telecom regulator has rejected the proposition of the Digital Communications Commission (DCC) to reduce the `3,050-crore penalty that the watchdog had recommended against Bharti Airtel and Vodafone Idea. It’s also set to reject the telecom department’s suggestion to reduce the 5G spectrum reserve price, underlining the differences between the Telecom Regulatory Authority of India (Trai) and the DCC on critical issues. A senior official at the Department of Telecommunications (DoT) told ET that Trai had said, “We stand by our recommendations (on the penalties).” The matter will now go back to the DCC, the highest decision-making body in the DoT.The companies are being penalised for denying points of interconnect to Reliance Jio Infocomm back in 2016. ET had reported on June 28 that Trai was set to reject the DCC’s call, saying there was no provision for the regulator to lower the penalty in the absence of any specific DoT guidelines on graded penalties for violations. On 5G pricing, senior Trai officials said the regulator was unlikely to back down and will stick to the suggested price of Rs 492 per MHz for the 5G band of 3300-3600 MHz, which the industry has termed exorbitant and unsustainable, likely resulting in a failed auction.“If any spectrum goes completely unsold, that is when historically the regulator has any case for reducing the prices,” a senior official told ET. Officials in the DoT, which is sending a reference back to the regulator seeking a reduction in 5G rates, believe prices need to be lowered, keeping in mind the financial health of the industry. The telecom regulator is set to stand by its suggested rates for the bandwidth, which will be sold for the first time in spectrum auctions.“The regulator has to listen to industry’s demands,” a senior DoT official told ET. “What they will send is just the recommendation — these won’t be their final views.” He added that that the final decision on 5G pricing will be taken by the government. Another official said reserve prices needed to be cut in order to ensure a successful rollout of 5G. “We want the 5G rollout to happen,” he said. “Industry is very clear that they can’t afford it at these rates and we will need to listen to them.”But Trai feels that 5G technology won’t be restricted to telecom players and has widespread use in industry. “Look at Germany,” said an official. “The government has reserved as much as a third of available 5G spectrum for industrial use for companies such as Volkswagen and Siemens who wish to use it for wireless automation and establishing their own 5G networks.”The authority is of the view that if telecom companies do not buy 5G airwaves, the government should keep the airwaves for other companies that might use it better.“Spectrum is no longer going to be a resource only for telecom companies going forward,” the official said. “That opportunity of this technology must reflect in the price. It is very important for the overall economic and digital growth of the country.” Trai officials rejected the contention that the pricing would make India’s 5G airwaves the most expensive in the world.“In South Korea and Italy, spectrum is given for a period of 10 years,” one of them said. “In India, it’s for 20 years. Secondly, the industry conveniently leaves out the fact that the price of spectrum which they quote in these countries is per MHz per million population, which means that Italy is the size of one Andhra Pradesh, not the entire country. Obviously, the pan-India price will take many such countries into consideration. The moment you include that parameter, we are not expensive.”India also offered options such as staggered payment, which other countries don’t have, he said.While the price of spectrum in India in absolute terms is high, when computed on the basis MHz per population, the reserve price — when compared with rates in Italy, South Korea, Australia, UK, Austria and Spain — are the lowest in the world, according to CLSA. Italy is most expensive at $0.42 per capita, while India is at $0.05, based on the reserve price.Officials added that Trai had already reduced the price of certain bands by over 30% in its recommendations last year.Trai last year slashed the base price of premium 4G airwaves in the 700 MHz band by almost 43% and set Rs 492 crore per unit as the minimum rate for 5G spectrum. Sale of the entire Rs 8,500-crore MHz of airwaves available across the country at the recommended reserve price may fetch the government more than Rs 5.9 lakh crore. Auctions are expected to be held at the year end.

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जेट एयरवेज को मिला आदी समूह का साथ, कंपनी में खरीदेेंगे 75 फीसदी हिस्सेदारी, हर कर्मचारी होगा मालिक

कर्मचारी समूह का कहना है कि यह जेट एयरवेज को खरीदने की अपने तरह की पहली कोशिश है। कर्ज के बोझ से दबी जेट एयरवेज देश की पहली ऐसी विमानन कंपनी है जो एनसीएलटी की दिवालिया प्रक्रिया का सामना कर रही है।

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German TV Brand Metz Launches New Android TV Range in India

Metz has launched its latest range of smart TVs on Amazon, with prices starting at Rs 12,999 onwards

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209 Crore Assets Seized, Karnataka Minister Summoned In IMA Jewels Scam

The ED Friday said it has attached assets worth Rs 209 crore, including 20 immovable properties and bank deposits, in its money laundering probe into the alleged IMA group ponzi scam of Karnataka.

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Infinix Hot 7 Pro Review

Infinix Hot 7 Pro is the only new smartphone to sport 6GB of RAM under Rs. 10,000. But is it worth the asking price? Read our review to find out

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Customs regime may be tweaked to boost make in India

NEW DELHI: India is likely to revamp its customs duty regime, weeding out some exemptions and correcting inverted duty structures to give a boost to the government’s Make in India manufacturing initiative as well as exports.It is also considering easing of procedures for industry such as anonymous assessments and speedier clearances, while taking steps to curb evasion.Some of these measures could be announced in the budget for FY20 on July 5 as India looks to take advantage of companies wanting to diversify their global production and set up base in the country.“There will be a review in respect of encouraging domestic manufacturing,” said a government official.Policymakers are of the view that some exemptions on commodities and other items should be weeded out.Sectors such as telecom, metals, batteries and chemicals for electric vehicles could see changes. The government had earlier imposed and enhanced duties on smartphones and telecom equipment. It is now expected to undertake a comprehensive review that could lead to reduction of duties on some critical inputs used in the manufacture of phones while raising it on finished products to further encourage domestic manufacture of handsets.69997071 Vietnam has been able to woo a number of telecom companies from China and policymakers feel that now may be the right time to offer a conducive tax regime to such investors to set up shop in the country.While a number of companies have established assembly lines, the government wants the entire manufacturing chain to be located in India.Experts say any increase in duties would negate the impact of free trade agreements that levy zero duty on many products.“Realigning exemptions to encourage Make in India is a step in right direction,” said Rahul Shukla, executive director, PwC. “However, imports under FTAs (free trade agreements) continue to have an impact on domestic industry.” Trade Facilitation Tops Agenda The government is also eyeing simplification of procedures for exporters and importers. The move to anonymous assessment is aimed at greater efficiency and transparency in functioning. Ease of doing business weighs high on the government’s agenda. The country jumped 23 points in the World Bank’s last ease of doing business ranking to 77 and a push is on to enter the top 50.Single-window clearance has already been put in place for traders. Measures to boost exports, including tax refunds, are also on the anvil. While enhancing facilitation, the government is also looking at tightening some provisions to check tax evasion. “Proposed faceless assessment in customs, hopefully, will increase the processing efficiencies and remove the physical interface and associated hassles,” said Shukla. An inverted structure is one in which the import duty on finished goods is lower than that on the materials or parts that go into making such a product, thus acting as a disincentive for local manufacture.

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Ex-Boyfriend Stabs 24-Year-Old Married Woman To Death

An ex-boyfriend allegedly stabbed a 24-year-old married woman to death at her residence in Chirag Dilli today when she refused to continue with the relationship, the police said.

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महाराष्ट्रः पुणे के कोंढवा में दीवार गिरने से 14 लोगों की मौत, रेस्क्यू ऑपरेशन जारी

महाराष्ट्रके पुणे के कोंढवा में दीवार गिरने से 14 लोगों की मौत हो गई है। मौके पर रेस्क्यू ऑपरेशन जारी है।

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एक राशन कार्ड से देश की किसी भी दुकान से ले सकेंगे अनाज

खाद्य मंत्री राम विलास पासवान ने शुक्रवार को राज्यसभा में बताया कि  सरकार ‘वन नेशन वन कार्ड’ व्यवस्था को लागू करने के कदम उठा रही है। मंत्री ने बताया कि सरकार देश में खाद्य पदार्थों पर 1.45 लाख करोड़ रुपये की सब्सिडी दी जा रही है।

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सरकारी बैठकों में बिस्कुट नहीं लाई-चना खाएंगे अधिकारी, प्लास्टिक बोतल वाले पानी पर भी लगेगी पाबंदी

केंद्रीय स्वास्थ्य एवं परिवार कल्याण मंत्री डॉ. हर्षवर्धन की पहल पर मंत्रालय ने इस संदर्भ में सर्कुलर जारी किया है। इसमें कहा गया है कि प्लास्टिक की बोतलों में पानी पीना को नुकसानदेह है।

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कश्मीर में राजनीतिक फिजा बदलने वाले नए नेतृत्व की तलाश

सरकार के नीतिकारों का मानना है कि अशांत घाटी में लोगों का बड़ा हिस्सा अलगाववाद, आतंकवाद और पाकिस्तानी अड़ंगों से तंग आ कर देश की मुख्य धारा में शामिल होने का मौका ढूंढ़ रहा है।

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कोलकाता में अंतरराष्ट्रीय महिला मुक्केबाज से दुर्व्यवहार और मारपीट, पुलिस ने तीन को किया गिरफ्तार

कोलकाता में अंतरराष्ट्रीय स्तर की प्रोफेशनल बॉक्सर सुमन कुमारी से दुर्व्यवहार और मारपीट की घटना सामने आई है।

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चालू खाते का घाटा बढ़कर 2.1 फीसदी, राजकोषीय घाटे में भी उछाल

रिजर्व बैंक ने बताया कि चालू खाते का घाटा विदेशी मुद्रा की निकासी और आवक के बीच का अंतर होता है। यह वित्त वर्ष 2017-18 में जीडीपी के मुकाबले 1.8 फीसदी यानी 48.7 अरब डॉलर रहा था, जो 2019 में बढ़कर 57.2 अरब डॉलर पहुंच गया।

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सीतापुरः दो माह की बच्ची को मां ने घर में दफनाया और फूंक डाला आशियाना

उत्तर प्रदेश के सीतापुर में एक महिला ने अपनी दो माह की बच्ची को घर में दफ्ना दिया और फिर घर को आग लगा दी।

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DU Admission 2019: 62 हजार सीटों के लिए आज से दाखिले की दौड़ शुरू

दिल्ली विश्वविद्यालय में शैक्षणिक सत्र 2019-20 में स्नातक पाठ्यक्रमों की लगभग 62 हजार सीटों (सामान्य, ओबीसी, एससी, एसटी, ईडब्ल्यूएस) के लिए दाखिला दौड़ शुक्रवार से शुरू होने जा रही है।

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AAI counters AAIB’s report on lapse of ATCO’s ratings

NEW DELHI: Safety procedures were ignored at the Delhi airport, as the ratings of controllers at the Delhi airport were found to have lapsed, a report by the Aircraft Accident Investigation Bureau (AAIB) has said. The report findings have been countered by the Airports Authority of India (AAI), which provides air traffic services in the country, saying that there were no lapse in ratings.The report is part of an inquiry committee set up by the civil aviation ministry to probe a near-miss between an IndiGo and a KLM aircraft on November 2, 2017, that has blamed air traffic control for the same.A committee of inquiry comprising AAIB officials was set up to examine this near miss. Listing “probable cause” of this near miss, the report said: “Assigning wrong/same level to IndiGo-977 by overlooking the overflying traffic (of KLM 811at flight level 35,000 feet)… failure to detect the assignment of conflicting level to departing aircraft IndiGo-977…. Inadequate surveillance by (controllers)… Inaction … on ATM (air traffic management) system generated alerts, predicted conflict warning (PCW)…. controller failed to react to PCW for approximate 82 seconds and reacted … by continuous wrong use of call signs.”The report also said that some controllers had lost the ratings for manning the stations they were on. “Necessary steps be taken for revalidation of tower ratings of 101radar controllers and AAI shall take measures to prevent such lapses at mass level in future…. it is pertinent that in interest of safety, number of ATC ratings may be reduced so that a radar controller can mandatorily perform ATC duties in all the units every month,” the report recommended.AAI has countered the report and said the lapses mentioned in the AAIB report may pertain to the multiple procedural ratings of the controllers.“The report of AAIB concerns regarding the lapses in ratings prior to the implementation of two stream ratings, which was implemented w.e.f. October 2017. Prior to October 2017, the ATCOs were holding multiple ratings (as much as ratings for 8 different ATS units) for which recency requirements as per provisions of ICAO Annex 1 may not have been met due to operational constraints, shortage, accessibility, etc,” said an email response from AAI.“However, there was no lapse in ratings in the surveillance units. Subsequent to the introduction of two stream ratings and ATCO Log Register (ALR) in phase 1, the currency requirement for ATC ratings applicable for the air traffic controllers posted at Delhi, Mumbai, Chennai and Kolkata ATC centres are being met,” the response further said.

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Design Chief Jony Ive Is Leaving Apple to Start His Own Firm

Ive's departure marks the end of an era for the company after helping it make a major transformation from a cult computer business to a dominant device company.

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ठाणे में कैब ड्राइवर से मारपीट, आरोपियों ने 'जय श्रीराम' बोलने को कहा

महाराष्ट्र के ठाणे में एक कैब ड्राइवर से कुछ लोगों ने मारपीट की। आरोपियों ने उसे पीटने के बाद जय श्रीराम बोलने के लिए मजबूर किया।

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झांसी: चौकी प्रभारी को तमंचे से लगी गोली, बंदूक की टेपिंग करते वक्त हुआ हादसा

झांसी के सीपरी बाजार क्षेत्र के मसीहागंज चौकी प्रभारी देवेश कुमार सिंह थाने में बदमाशों से बरामद एक भरे तमंचे की टेपिंग कर रहे थे, तभी उसमें लगी गोली चल गई।

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L&T bid may hit Mindtree Q1 numbers as clients defer deals

Bengaluru: Mindtree may see growth slow down in the April-June period as clients defer deals by at least three months seeking stability amid a takeover bid by Larsen & Toubro, two people aware of the matter told ET.The mid-tier IT services company grew 16 per cent in the fourth quarter of the previous fiscal year, touching revenue of $262 million. The Bengaluru-based company posted 4 per cent growth on a sequential basis in constant currency terms.“Multiple large deals for Mindtree may have been pushed by at least a quarter as clients wanted to have clarity on which way the ownership goes and if there are management changes,” said one of the two people.“As a result Q1 (April-June) numbers are unlikely to grow at the same pace,” he said. “There will still be growth, but not at the rate they (Mindtree) were indicating earlier.”Mindtree and L&T did not respond to ET’s queries on Q1growth prospects.Microsoft is Mindtree’s top client, helping the software exporter’s clients migrate to its Azure cloud platform, which is seeing growth. The remaining top 10 clients, however, have deferred spending due to the uncertainty surrounding the IT services firm after the engineering conglomerate’s hostile takeover bid.“We have heard the management saying uncertainty can lead to softness in deal closure,” said an analyst who tracks Mindtree who did not want to be named as he is not authorised to speak to the media.The diversion of the Mindtree management’s attention to thwart L&T’s takeover instead of focusing on clients has also contributed to the softness, one of the two people mentioned above said.Deferred closure of large deals means billing delays will impact the company’s profits, at least for the first quarter of the current fiscal.L&T has acquired over 60 per cent stake in Mindtree and expects to hold 66 per cent in the IT services firm by the time its open offer concludes on June 28.Mindtree CEO Rostow Ravanan told shareholders earlier that the firm expects to grow at around 13 per cent in fiscal 2020. The company said in its annual report that it would expand operating marigns by 100-120 basis points, to 16 per cent.Mindtree’s promoters have said that despite challenges in the current financial year, the company would grow faster than the IT-BPM industry, which saw more than 8 per cent growth in the previous financial year.

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PM Modi, Trump discuss Iran, trade, defence, 5G

Prime Minister Narendra Modi on Friday held talks with US President Donald Trump and discussed various bilateral and global issues including Iran, 5G communications networks, trade and defence ahead of the G-20 Summit.Modi thanked Trump for expressing his "love towards India" in a letter recently delivered by US Secretary of State Mike Pompeo.The Prime Minister said that he wants to discuss Iran, 5G, bilateral relations and defence ties with Trump.The US reimposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between Tehran and six world powers. To reduce Iran's crude oil export to zero, the US ended on May 2 waivers that had allowed the top buyers of Iranian oil, including India, to continue their imports for six months.India, complying with the US sanctions, has ended all imports of oil from Iran.Trump congratulated Modi on his election victory and said that the two countries would work together in many areas including military."It was a big victory, you deserve it, you have done a great job. We have big things to announce. In terms of trade, in terms of manufacturing, we would be discussing 5G. I congratulate you and I look forward to talks," Trump said."We have become great friends and our countries have never been closer. I can say that with surety. We will work together in many ways including military, we'll be discussing trade today," he said.On Iran, Trump said: "We have a lot of time. There's no rush, they can take their time. There is absolutely no time pressure"."PM @narendramodi and @POTUS held talks on the sidelines of the #G20 Summit in Osaka. Both leaders discussed various bilateral and global issues," the Prime Minister's Office said in a tweet.The two leaders met shortly after the Japan-America-India trilateral meeting during which Modi highlighted "the importance India attaches to" the grouping.The Modi-Trump meeting assumes significance as the US president, championing his 'America First' policy, has been a vocal critic of India for levying "tremendously high" duties on US products.Before his arrival in Japan on Thursday, Trump tweeted, "I look forward to speaking with Prime Minister (Narendra) Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!"This was Modi's first meeting with Trump after the BJP's landslide win in the parliamentary election.India has raised tariffs on 28 items, including almond, pulses and walnut, exported from the US in retaliation to America's withdrawal of preferential access for Indian products.The Trump administration wants Prime Minister Modi to lower the trade barriers and embrace "fair and reciprocal" trade.Trump has also criticised India's high import tariff on the iconic Harley Davidson motorcycles as "unacceptable" though acknowledging that his "good friend" Prime Minister Modi has reduced it from 100 per cent to 50 per cent.Last February, India slashed the customs duty on imported motorcycles like Harley-Davidson to 50 per cent after Trump called it "unfair" and threatened to increase the tariff on import of Indian bikes to the US.The government on June 21 last year decided to impose these duties in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products.America, in March last year, imposed 25 per cent tariff on steel and a 10 per cent import duty on aluminium products.

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CCD seeks Rs 8-10k cr valuation from Coca-Cola

BENGALURU: Cafe Coffee Day founder VG Siddhartha is seeking a valuation of between Rs 8,000 crore and Rs 10,000 crore from Coca-Cola for the coffee chain he set up over two decades ago, according to people directly aware of the development, while also aiming to retain a controlling stake in the business. The US beverages maker is in talks with Siddhartha for a slice of equity in the coffee retailing business headquartered in Bengaluru, as reported by ETon Thursday.“The promoters are asking for a valuation of between four to five times of sales (in the coffee business) on the back of some valuation trends in the industry both companies are privy to,” said a source in the know of the matter.The group’s coffee business expects to close the year ending March 2020 with sales of about Rs 2,250 crore, according to a senior company executive. The business, which includes some exports of the bean, had revenue of Rs 1,777 crore and Rs 1,814 crore in fiscal year 2018 and 2019, respectively, according to regulatory filings. CCD, set up in August 1996, has grown to include 1,750 stores across India with 60,000 vending machines. It also has outlets across Europe as well as in Malaysia, Nepal and Egypt. Siddhartha was not reachable for a comment while queries emailed to Coca-Cola India did not elicit a response.Experts are of the view that for Coca-Cola, an investment in CCD means access to retail outlets nationally. “CCD is the only pan-India coffee retail chain, the rest have not been able to scale to its level,” said Siddharth Khemka, head-retail research, Motilal Oswal Financial Services Ltd. “While Starbucks is doing good, it doesn’t have so many outlets,” Khemka said. “This also would fit with the strategy of Coca-Cola to diversify into other products considering that there is growing awareness against sugary and carbonated drinks,” he said. As one of the country’s largest individual coffee planters, Siddhartha heads a coffee plantation group with over 20,000 acre and is “bullish on coffee consumption trends in India”, said one of the people cited above. The group expects India to emerge as the third-largest coffee market after the US and China in 20 years.Brand consultant Harish Bijoor reckons the Indian café segment will triple in the next decade even by a conservative estimate “going by the way the country is getting to be outdoor-consumption oriented”, he said.“There is social-ostracism in cola category, and that would be why Coke is looking for a footprint in the staple beverages market,” he added. However, the country is facing a drop in production of quality Arabica beans that has fallen from 1,20,000 tonnes five years ago to 95,000 tonnes in 2019, according to official data.Siddhartha, an early investor in mid-tier IT services firm Mindtree sold the 20.4% stake held by him and his associates to L&T at Rs 980 per share, earlier this year. (With inputs from Raghu Krishnan in Bengaluru)

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आगरा-लखनऊ एक्सप्रेसवे पर भीषण सड़क हादसा, पांच लोगों की मौत, दो दर्जन से अधिक घायल

आगरा लखनऊ एक्सप्रेस वे पर शुक्रवार को सुबह भीषण सड़क हादसा हुआ।  हादसे में पांच लोगों की मौके पर ही मौत हो गई है। वहीं दो दर्जन से अधिक लोग घायल है।

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Apple design chief Jony Ive, Steve Jobs' confidant, to leave and start own firm

Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple's rise to become a $1 trillion company, will leave later this year to form an independent design company.Apple said Ive will continue work on its products at his new venture, but shares fell as much as 1.5% to $197.44 in after-market trading, wiping about $9 billion from the firm's value.Ive spent nearly three decades at Apple, playing a leading role in the design of the candy-colored iMacs that helped Apple re-emerge from near death in the 1990s to the iPhone, regarded by many business experts as one of the most successful consumer products of all time."It's the most significant departure of somebody who was a core part of the growth story" under Jobs, said Ben Bajarin, analyst with Creative Strategies.Ive joined Apple in 1992 and led Apple's design teams since 1996. He took up his current role as chief design officer in 2015."Jony is a singular figure in the design world and his role in Apple's revival cannot be overstated, from 1998's groundbreaking iMac to the iPhone and the unprecedented ambition of Apple Park, where recently he has been putting so much of his energy and care," Apple Chief Executive Officer Tim Cook said.Ive's new company will be called LoveFrom, the Financial Times reported, quoting Ive as saying it would be based in California "for now". Ive told the newspaper he would work on Apple priorities wearable technology and healthcare in addition to unspecified "personal passions". LoveFrom will have other clients beside Apple."I have the utmost confidence in my designer colleagues at Apple, who remain my closest friends, and I look forward to working with them for many years to come," Ive said.Nehal Chokshi, an analyst with Maxim Group, said that despite Ive's key role in Apple history, his departure will not hurt the iPhone maker."I would view it as Jony Ive looking to get paid market rates for his design expertise from Apple, with the right to allow other companies - not competitors to Apple - to leverage that expertise," Chokshi said.Since 2012, Ive had overseen design for both hardware and software at Apple, roles that had previously been separate. Apple said Thursday that the roles would again be split, with design team leaders Evans Hankey taking over as vice president of industrial design and Alan Dye becoming vice president of human interface design.Both will report to Chief Operating Officer Jeff Williams, who in addition to overseeing Apple's supply chain also oversaw the development and introduction of the Apple Watch, Apple's first major new hardware platform since the iPad.Ive's departure comes as Apple's iPhone sales have fallen, registering a record drop in its most recent quarter despite a move to slash prices in key markets such as China. While sales of some newer hardware products such as the Apple Watch and its wireless AirPods headphones are expanding, the company has largely turned its attention to growing its services business, which includes Apple Music and iCloud.Jobs was known to deeply involve himself in Apple's design process, often visiting Apple's design studios on a daily basis to offer feedback on Ive's work. Ive reports directly to Cook, but Cook never involved himself to the same extent as Ive.Apple has been slowly laying the groundwork for Ive's eventual departure. Ive became Apple's chief design officer in 2015, but he handed off some duties to other executives while he focused on finishing Apple's new corporate headquarters, Apple Park. Dye was one of those executives, and both Dye and Hankey have been deeply involved in Apple's design processes for years, the company said.If anything, Bajarin said, the elevation of Dye and Hankey could reignite the connection between Apple's design teams and its senior executives. Apple said that Williams will hand off logistics and supply chain duties to Sabih Khan, whom the company named senior vice president of operations. Meantime, Williams "will spend more of his time working with the design team in their studio," Apple said.While Williams has gained more clout in Apple's product development process, that does not necessarily mean he is likely to take over as chief executive in the near future, Maxim Group's Chokshi said."I don't see Tim Cook retiring anytime soon," Chokshi said.

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PM Modi, Donald Trump Hold Bilateral Meet Between India, US In Osaka

Prime Minister Narendra Modi met US President Donald Trump alongside the G-20 Summit in Japan's Osaka. This is PM Modi's first meeting with President Trump after his reelection in the recently...

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जी-20: पीएम मोदी ने की ट्रंप से मुलाकात, शिखर सम्मेलन में उठेगा भगोड़े आर्थिक अपराधियों का मुद्दा

प्रधानमंत्री जी-20 के सदस्य देशों पर भगोड़े आर्थिक अपराधियों के मुद्दे को गंभीरता से लेने का दबाव बना रहे हैं। मोदी के इस प्रयास में जापानी प्रधानमंत्री आबे का साथ मिला है।

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Nurses Who Recorded TikTok Videos In Odisha Hospital Told To Go On Leave

The four nurses who recorded TikTok videos inside the special neonatal care unit (SNCU) of the district headquarters hospital in Odisha's Malkangiri were on Thursday told to go on leave, an official...

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जीत की लय कायम रखने उतरेगी श्रीलंका, दक्षिण अफ्रीका के खिलाफ अहम मुकाबला आज

इंग्लैंड के खिलाफ जीत से आत्मविश्वास से भरी श्रीलंका की टीम शुक्रवार को यहां दक्षिण अफ्रीका के खिलाफ करो या मरो के मुकाबले में जीत के साथ सेमीफाइनल में जगह बनाने की उम्मीद बरकरार रखने के इरादे से उतरेगी।

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आईआईटी मुंबई, दिल्ली, कानपुर, मद्रास टॉप 100 की पहली पसंद, आज से काउंसलिंग का पहला राउंड शुरू

21 आईआईटी, 31 एनआईटी, 25 आईआईआईटी और देश के 28 केंद्रीय तकनीकी उच्च शिक्षण संस्थानों में बीटेक और बैचलर ऑफ आर्किटेक्चर प्रोग्राम में ज्वाइंट सीट एलोकेशन अथॉरिटी 2019 (जोशा) से दाखिला की काउंसलिंग रजिस्ट्रेशन विंडो बंद हो गई है।

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बिहार: दुष्कर्म का प्रयास कर रहे आरोपी का विरोध किया तो मां-बेटी का सिर मुड़वाया

वार्ड सदस्य युवती को अक्सर परेशान करता रहता था। वहीं बुधवार को वार्ड सदस्य उनके घर आ घुसा और युवती के साथ दुष्कर्म का प्रयास करने लगा, जिसका मां और बेटी ने विरोध किया, जिसके बाद आरोपी ने घर पर नाई बुला कर दोनों का बाल मुंडन करा दिया।

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Tamil Nadu Journalist, Wife, Mother Killed In Suspected Fridge Blast

A reporter of a local Tamil news channel was found dead on Thursday along with his wife and mother at their house near Chennai, police said.

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गर्मी से बेहाल हुए अमेरिका और यूरोप, टूटे सालों के रिकॉर्ड, जर्मनी और फ्रांस में अलर्ट जारी

जलवायु विशेषज्ञ आंद्रेयास मार्क्स ने यूरोप में चल रही गर्म हवाओं की तुलना 2018 में पड़े सूखे से करने को लेकर लोगों को आगाह किया। फ्रांस के मौसम विभाग ने भी अनुमान जताया है कि तापमान 40 डिग्री तक पहुंच सकता है।

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सीएम योगी की सख्ती के बाद दागी व अक्षम अफसरों को सेवा से बाहर करने का फरमान जारी

मुख्यमंत्री योगी आदित्यनाथ की सख्ती के बाद दागी व अक्षम कर्मियों को सेवा से बाहर करने की कार्रवाई तेजी से पूरा करने का शासनादेश जारी कर दिया गया है।

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आज से 110 किमी की रफ्तार से दौड़ेगी वंदे भारत एक्सप्रेस, महज चार महीने में बढ़ाई गई स्पीड

वाराणसी और दिल्ली के बीच चलने वाली देश की पहली सेमी हाई स्पीड ट्रेन वंदे भारत एक्सप्रेस शुक्रवार से पूर्वोत्तर रेलवे के 80 किलोमीटर के दायरे में पड़ने वाले रेलवे ट्रैक पर 110 किमी प्रति घंटे की गति से दौड़ेगी।

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यूपी: देर रात 15 आईएएस अफसरों के तबादले, देवेश संभालेंगे आवास, कल्पना से छिना आबकारी विभाग

प्रदेश सरकार ने बृहस्पतिवार रात 15 आईएएस अधिकारियों के तबादले कर दिए। केंद्रीय प्रतिनियुक्ति से लौटे वरिष्ठ आईएएस अधिकारी देवेश चतुर्वेदी को आवास एवं शहरी नियोजन विभाग का प्रमुख सचिव बनाया गया है।

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फर्जी वीडियो रोकने के लिए फेसबुक की मुहिम, मार्क जुकरबर्ग ने शुरू की तैयारी

कंपनी के मुताबिक, यह काम तथ्य जांच करने वाले लोगों का है। जुकरबर्ग का मानना है कि ‘डीपफेक’ वीडियो बिल्कुल अगल श्रेणी की चीज है और इसे फर्जी जानकारी देने वाले वीडियो की श्रेणी से अलग रखा जाना चाहिए। 

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DU Announces First Cut-Off List, Hindu College Pegs Highest Score Of 99%

Delhi University First Cut-off List 2019: The Delhi University announced its first cut-off list for admission to undergraduate courses late yesterday night, with Hindu College pegging the highest...

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Tech Mahindra eyes big deals from banking, communication firms

IT services firm Tech Mahindra hopes to strike large deals with clients in the banking, financial services and insurance (BFSI) sector even though companies are cutting down on technology spends, a top company executive said.The BFSI vertical contributes over a third of revenue for the software industry. For Tech Mahindra, communications is the biggest vertical.“The banking, insurance and communications verticals are two key sectors where some large deals are possible in terms of scale. This would change with geography,” Jagdish Mitra, chief strategy officer at Tech Mahindra, told ET.The banking sector in the US and Europe is the biggest spender on technology, often ahead of other segments of the economy. The confidence of the banking sector al- so reflects in other sectors, an indication for Indian IT services companies to build their strategy.Generally, while the company is getting more deals, on an average, the deal sizes have come down due to shifts in technology spending, Mitra said.“Overall, deal sizes have gone down while numbers are increasing, but that is because the nature of the business is changing. You cannot have a three-year deal in infrastructure management because with the impact of artificial intelligence and cloud, you will need another transformation in three years’ time,” he said.The communications vertical of Tech Mahindra contributes over 40% to its total revenues. With 5G rollouts expected to pick up steam in 2020, it is likely to contribute to the overall number of large deals for the organisation.Most analysts have cautioned that a slowdown in BFSI spend would have a direct impact on the performance of tech firms. As a result, most firms are looking at new avenues of growth, either through acquisitions or identifying new areas to focus on.Mitra, who is also head of growth at the company following a leadership reorganisation earlier this year, said sports was one of the key verticals they would be focusing on. “Sports and media & entertainment are coming together, and we are seeing a lot of traction in this space,” said Mitra. While the company doesn’t share revenue figures by vertical, he said this business was growing faster than the overall business at close to 25%.Tech Mahindra has adopted a two-pronged growth strategy—identify new verticals or go deeper in existing ones where it has a smaller presence, and enter new geographies or strengthen its presence in existing ones. The focus on sports is a part of this push. Mitra said the company was looking at North America, India, Australia, the UK, West Asia as well as countries like Germany for opportunities in local sports. Tech Mahindra is the first Indian firm to work with an American football team where data plays a crucial role in various aspects of the game, including player performance.

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Chandrababu Naidu's Party Spokesperson Lanka Dinakar Joins BJP

In a blow to Telugu Desam Party (TDP) its spokesperson Lanka Dinakar on Wednesday quit the party and joined the BJP in the presence of its working president JP Nadda at party headquarters in New...

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29 Kilometres In 22 Minutes With A Heart In Ambulance In Hyderabad

The Traffic Police in Hyderabad successfully provided a green channel for transporting a heart on Wednesday.

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5 Delicious Protein-Rich Dessert Recipes To Make Your Diet Interesting

If you have a sweet tooth, but still want to lose weight, you may want to switch over to healthier refined sugar-free protein-rich desserts. Here are 5 recipes to try!

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Government not keen to provide any additional capital to IDBI bank

NEW DELHI: The government is not keen to provide any additional capital to IDBI Bank, which requires around Rs 7,000 crore to meet regulatory requirements and enhance its lending book.The bank has indicated that it will need this money in the current fiscal itself, according to two officials aware of the development. It had reported a loss of Rs 4,918 crore in the last quarter of FY19 and Rs 15,116 crore for the full year.“The bank is already monetising its non-core assets to raise capital. Any public offer will depend on how much active participation is there from the promoter and the second largest shareholder,” said one of the officials. Since the government is not keen to participate in a rights issue, that may not be a feasible option, he said.IDBI and LIC didn’t respond to queries.LIC and IDBI are discussing capital-raising plans with the government, the second official said.“There can be a qualified institutional placement (QIP) offering or the bank can raise money through a follow-on offer,” he said.There may be little interest from investors given current market conditions, a senior bank executive said.

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PM In Japan For G20 Summit, All Eyes On Talks With Trump: 10 Points

Prime Minister Narendra Modi landed in Japan early this morning for the G20 summit on the sidelines of which he will attend several key meetings with world leaders including the much-anticipated talks...

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India’s a thriving economy, but too expensive in global context

As head of research at $382-billion Swiss wealth manager, Julius Baer, Christian Gattiker-Ericsson has a good view of the world economy and how money moves across the globe. In an interview with Joel Rebello, he spoke about falling global yields, flow of money and the Swiss bank’s preferred investments. Edited excerpts:Global yields are on the way down. What is causing this?There are two factors for yields falling across the globe. The monetary policy in the US and the trade tensions which made investors more risk averse and less growth friendly. Possibly the two are intertwined because we might see a reaction due to the fact there is uncertainty about trade. Therefore, there has been a recalibration about rate expectations. Twelve months ago, the US economy was super strong, wages were going up. The low-income bracket was making double-digit increase in wages, so inflation was pumping up. Then suddenly these trade tensions rose and then we got an escalation. Perception shifted — we almost saw a 100 basis points in US treasuries which is quite a massive move.What’s your view on the Indian market?In the global context, we are neutral on Indian equities. There is a sound structural background and it’s a thriving economy but in the global context the market is very expensive. If you follow the money and look at the currency markets, the money was moving back into the US market in the last three to four years. The US is a structurally deficit economy which they need to be in order to hold the global reserve currency. If you see such a currency going up against all odds, then you see that the capital is actually moving back into the dollar territory and that’s where the money went.Then there was this on-off relationship with Chinese stocks with the hot money going back and forth. The way we have been handling this is whenever there was a sizeable risk premium on emerging market bonds, we would go back and buy them. At this stage of the cycle, your strategy is to go into fixed income instead of equity because when rates rise, emerging markets are forced to deleverage which means you get a better risk as a bond investor because financial risk is lowered but it cuts the upside for the equity investors. We think the next decade will belong to the Chinese market because it is still sizeable.So money will move towards emerging markets then?There is potential, particularly on the fixed income side. There are even possibilities on the currency. We have been conservative and going into hot currency emerging market bonds but there is also very generous risk premium in some of the local currency fixed income. But this is so much like the late ’90s — you never know when the cycle will end because nobody rings the bell at the end of the cycle.At the beginning of the year, lots of investors were reading the prospects of a first rate cut which is priced by December 2018. We are not so sure. We think it will be a longer protracted thing. So, there are hardly any ‘buy and hold assets’ in emerging markets for now. It will change in the next cycle. I expect in the 2020s there will be a major easing cycle of the US monetary policy. This will start when recession will hit the US and our guess is it is 2021. So it will take another 12 to 18 months for the markets to price in an easing cycle and then we could see a major emerging markets boom similar to what we saw in 2002 and 2003.Which assets is money moving towards?We have had two major risk-off waves — first in the fourth quarter and now in May, so we think risk appetite will recover and lots of those juicy risk buckets will be revisited and all these high-yielding bonds will make sense in the global context. With the 10-year treasury at 2.10%, people will have a hard time to go to 30-year treasury against this backdrop because they have had a major run.Gold is at a very interesting crossroads. We have been promoting gold for the whole year. It seems that there might be further inflation risks at some stage and gold will benefit. Investors will hold gold against the uncertainties of the cycle. Equity investors should also be fully invested at this stage because equities have some catching up to do.

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After Rs 28 Crore Project, Chennai Lake Offers Parched City Hope

The Paruthapattu Lake in northern Chennai, which was severely encroached on and polluted has been cleaned and converted into an 85-acre reservoir in an extensive Rs 28 crore project that involved the...

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Coca-Cola sits down for stake talks with CCD

Coca-Cola is in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rapidly growing space and hedge risks associated with its core carbonated drinks business, said executives with knowledge of the matter.Talks are in the early stages and may not lead to a deal, they said. “The potential stake acquisition is being driven by Coca-Cola’s headquarters in Atlanta and officials from the beverage maker’s global team are engaged in active talks with the Coffee Day management,” said one of the persons. “It would give Coca-Cola significant scale in the fast-growing café business, compared to aerated soft drinks, which have been slowing down.”ET broke the story in its online edition on Wednesday.A Coca-Cola spokesperson said, “This news is absolutely speculative in nature. As a matter of company policy, we do not have any comments to offer at this point.” Coffee Day Enterprises didn’t respond to queries.Promoted by VG Siddhartha, the country’s largest coffee chain is owned by Coffee Day Global, a subsidiary of Coffee Day Enterprises. With a footprint of 1,752 cafés as of March 2019, CCD is market leader in the organised café space. It competes with Starbucks and smaller chains such as Barista and Costa Coffee. In India, Starbucks operates through a venture with the Tatas and has 146 stores.CCD’s expansion plans have slowed over the past two years on the back of rising debt.‘Coca-Cola Can Play A Good Role’Café Coffee Day is also facing fresh competition from tea shop chains such as Chaayos and Chai Point and boutique coffee shops. It shut 90 small format stores in FY18.Coffee Day Enterprises reported standalone net sales of Rs 76.9 crore for the March quarter, up 43.64% from the year earlier. Losses widened to Rs 22.28 crore from Rs 16.52 crore. It has been reporting same-store sales growth of 10-11% over the past three quarters.“Cafe Coffee Day introduced India to the café culture back in 1990s and has been able to build a massive footprint,” said Jaspal Sabharwal, veteran private equity professional and cofounder of online product review platform TagTaste. “But the chain badly needs some innovation and facelift. There has been plenty of innovation in the café industry in recent years, but not enough of it has come from giant brands. Coca-Cola can play a very good role in this space.”While Coca-Cola had announced the global acquisition of British coffee chain Costa Coffee in August 2018 from parent company Whitbread Plc for $5.1 billion, the deal had little significance for India. Costa Coffee, which is operated by RJ Corp-promoted Devyani International in India, has less than 50 stores. Globally, however, Costa Coffee has close to 4,000 stores and another 8,000-plus Costa Express vending machines.Siddhartha had sold a 20.32% stake held by him and two CCD affiliate firms (Coffee Day Enterprises and Coffee Day Trading) in software services company Mindtree to Larsen & Toubro in March for Rs 3,200 crore, which was largely seen as a move to pare debts and focus on his consumer-facing café business.The listed Coffee Day Enterprises, with a market cap of Rs 4,732 crore, closed 3.87% up on the BSE on Wednesday.The Chikkamagaluru-based Coffee Day Enterprises is Asia’s largest producer of Arabica coffee beans.It grows coffee on 20,000 acres of self-owned estates and set up the first Café Coffee Day in 1996 in Bengaluru. Internationally, CCD has a presence in Vienna, the Czech Republic, Malaysia, Nepal and Egypt.The café chain business is an attractive channel for traditional beverages and foods makers. In the middle of last year, Swiss food giant Nestlé struck a $7.1-billion deal with Starbucks to license and sell its packaged coffees and teas across global markets.While the global market for packaged coffee and drinks is estimated at $83 billion by Euromonitor, compared with the $513 billion market for soft drinks, it is growing significantly faster.

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