Latest News Headlines Wed Jul 25 17:44:24 IST 2018

2. PM addresses Indian Community in Uganda
3. List of MoUs signed between India and Uganda during visit of Prime Minister to Uganda
4. Press statement by Prime Minister during his visit to Uganda
5. Text of PM’s address at India-Rwanda Business Forum in Kigali Convention Centre, Rwanda on 24th July 2018
6. President of India Addresses 3rd Anniversary Event of Speaker’s Research Initiative
7. Special AYUSH Clinics for the Elderly
8. Split of position of Chairperson and Managing Directors in listed companies
9. UPSO-II (IOCL) dedicates Rs. 1 crore for the benefit of Divyangjans by under CSR scheme
10. NFAI to host screening of Mark Osborne’s 'The Little Prince', a French 3D animated fantasy adventure family drama
11. 36th Central Sanctioning and Monitoring Committee (CSMC) Meeting of Pradhan Mantri Awas Yojana â€" Urban Sanctions a Total of 2,67,546 Houses from 10 States
12. Pakistan: Voting begins to elect a new Parliament and Provincial Assemblies
13. PM Modi says India is emerging as a global manufacturing and start-up hub
14. Parliament passes Prevention of Corruption (Amendment) Bill
15. India, Uganda sign four MoUs in various fields
16. Centre asks states to appoint nodal officer to curb violence, mob lynching
17. 19th Kargil Vijay Diwas celebrations begin at Drass War Memorial in J&K today
18. Pakistan goes to polls amid tight security
19. Prime Minister Narendra Modi to address Ugandan Parliament shortly
20. PM Modi gifts cows to villagers at Rweru Model Village
21. Crimes against Women & Dalits
22. Monitoring of Social Media
23. Tackling Cyber Threats
24. WCD Ministry launches ‘#Childline1098’ Contest- ‘Spot the Logo and Suggest a Tagline’.
25. No action plan to impose ban on alcoholism and smoking
26. Rehabilitation of Drug Addicts
27. Revoking AFSPA
28. Mbappe and Salah shortlisted for FIFA player of the year award
29. Raging wildfires kill at least 74 in Greece
30. Ground Report: Women-run sanitary unit a boon due to Livelihood Mission
31. On Day 2 of Kargil Vijay Diwas, 1999 war strategy discussed
32. PM’s speech at Indian Community Event in Uganda
33. Providing Safety and Protection to Women Workers in Both organised and Unorganised Sectors
34. Employment Generation and Improving Employability is the priority of The Government
35. 11,30,840 Permanent employees in PSUs
36. NITI Aayog's action plan for air pollution: Old wine in a new bottle ... - Catch News
37. Anti-depressants linked with blood clot condition: Study
38. Mitchell Johnson quits 'lengthy' BBL
39. Central team visits Manipur border amid controversy
40. Painkillers may triple side effects risk in dementia patients
41. Why not a reality show on classical dance, asks Prachee Shah Paandya
42. Midfielder Jahouh extends stay with FC Goa
43. Portuguese winger Gelson Martins joins Atletico Madrid
44. LoginRadius to ramp up India operations by hiring 200 people
45. Top Asian golfers confirm Louis Philippe Cup participation
46. PSG keen on Bayern Munich defender Boateng
47. NCLT rejects Jyoti Structures' resolution plan, orders liquidation
48. End of era! eBay India's 14-year long first innings comes to an end
49. Ghaziabad and Lucknow civic bodies to list municipal bonds on NSE
50. Govt amends definition of hydrocarbon to include shale
51. The government has amended the Petroleum and Natural Gas Rules 1959 to include shale in the definition of petroleum, a change that would allow private companies to explore and produce the resource in the blocks they already operate.
52. Hyderabad man goes missing in US, kin seek ministers' help
53. A 26-year-old man, hailing from Telangana, went missing from New Jersey in the US, his family claimed and sought the help of central and state governments in the matter.
54. Evaluation errors: Marks changed in over 4,000 cases, says CBSE
55. Marks have changed after re-evaluation of answer sheets of Class 12 exam in over 4,000 cases which accounts for 0.075 per cent of total evaluated copies, the Central Board of Secondary Education (CBSE) said today.
56. Truckers' stir: Movement of commodities takes a hit in TN
57. The movement of vegetables and commodities continued to be hit in Tamil Nadu as the indefinite strike by truckers pressing their charter of demands entered the sixth day today.
58. IndiGo grounds five A320 neo planes on P&W engine issues
59. Budget airline IndiGo today said it has grounded five A320 neo aircraft due to Pratt & Whitney engine issues and these planes are expected to be back in operations in the second half of August.
60. Over 3,700 Naxals surrendered in 4 years: Govt
61. Over 3,700 Naxals have surrendered before the authorities in last four years, the Rajya Sabha was informed today.
62. InterGlobe Aviation shares slip over 2% as IndiGo grounds five planes
63. Shares of InterGlobe Aviation fell by over 2 per cent today amid reports that budget carrier IndiGo has grounded five A320 neo aircraft due to issues with Pratt & Whitney engines.
64. Twitter removes over 1.43 lakh apps in Apr-Jun; tightens process for developers
65. As part of its efforts to crack down on spam and misuse of its platform, Twitter today said it has removed over 1.43 lakh applications between April and June this year as these violated its policies.
66. Cement stocks fall after NCLAT dismisses plea against CCI penalty
67. Cement stocks today fell by up to 3 per cent after the National Company Law Appellate Tribunal dismissed 11 cement-makers' plea, challenging the CCI order to impose a penalty of Rs 6,700 crore for alleged cartelisation.
68. Goa HC issues notices on PIL for closure of coal operations at Mormugao port
69. The Bombay High Court has issued notices to the state government, the Mormugao Port Trust (MPT) and three private firms on a PIL seeking an order for closure of coal operations at the port in Vasco city.
70. Hry to extend existing airstrips in five aerodromes
71. The Haryana government has decided to extend the existing airstrips in five aerodromes of the state, a spokesman of the Civil Aviation Department said here today.
72. From silent to violent: The journey of Maratha quota protests
73. From a series of huge, silent and disciplined marches to violent demonstrations, the protest by the Maratha community now is an antithesis of their efforts to seek reservations in jobs and education.
74. 3 sisters found dead under mysterious circumstances in Delhi
75. Three sisters were found dead under mysterious circumstances in east Delhi's Mandawali area, police said today.
76. Maratha Kranti Morcha calls off Mumbai bandh
77. 2 killed in rain-related incidents in Rajasthan
78. Two people, including a woman, died in rain-related incidents in Rajasthan's Sikar district, police said today.
79. Black pepper firms up in thin trade
80. Black pepper rd firmed up in an otherwise listless spices market here today following sustained demand from stockists and retailers.
81. Hexaware shares tank 8.5% after June qtr earnings
82. Shares of Hexaware Technologies slumped 8.5 per cent today after the company's June quarter results failed to enthuse investors.
83. Over 2.4 lakh job seekers registered on NCS in Apr-Jun
84. More than 2.4 lakh job seekers registered themselves on the career portal run by the labour and employment ministry in the first three months of the current fiscal, the government said today.
85. Mutual funds add 33 lakh folios in Q1 on growing investor interest
86. Growing investor interest in mutual funds has led to an addition of nearly 33 lakh new folios in the first quarter of current fiscal, taking the total to all time high of 7.46 crore at the end of June.
87. J-K govt orders probe into construction of commercial complex on banks of Jhelum
88. The Jammu and Kashmir government has ordered a probe into the construction of a massive commercial complex on the banks of river Jhelum in the summer capital of the state following a vigourous campaign launched by environmental activists.
89. Ethanol-blended petrol saved forex, lowered emission: Govt
90. Almost 67 crore litres of ethanol was blended with petrol in 2016-17 which had resulted in foreign exchange saving of about Rs 1,750 crore and lowered while carbon emission, the government said today.
91. LoginRadius raises $17 mln from ForgePoint, Microsoft's M12
92. Customer identity and access management (cIAM) firm LoginRadius today said it has raised USD 17 million in Series-A funding round led by ForgePoint Capital and Microsoft's venture fund M12.
93. Copper prices strengthen on rising demand
94. Copper prices strengthened at the non-ferrous metals market here today following stockists' good buying amid rising demand from industrial users.
95. HC sets aside order discharging Maran brothers in telephone exchange case
96. UAE, Palestine added to Asian Games football after mix-up
97. The United Arab Emirates and Palestine were Wednesday officially added to the football tournament at the Asian Games after they were accidentally omitted from the original draw.
98. India, Uganda pledge to fight terrorism; renew calls for UN Security Council's reform
99. India and Uganda today voiced their strong commitment to combat terrorism in all its forms and manifestations, and reaffirmed the need for the UN Security Council's comprehensive reform to make it more effective to the geo-political realities of the 21st century.
100. Imran may face ECP action for violating code of conduct
101. Pakistan Tehreek-e-Insaf chief Imran Khan's vote from a parliamentary seat in Islamabad, from where he is also contesting the general elections, may be cancelled by the election commission for allegedly violating the code of conduct, according to media reports today.
102. Serena Williams to play 2 events in run-up to US Open
103. Serena Williams will play in the Rogers Cup next month at Montreal after she competes in next week's new Mubadala Silicon Valley Classic in San Jose, California.
104. Indonesia seeks ban on Islamic State linked group
105. Indonesia's government has asked a court to ban Jemaah Anshorut Daulah, a militant network linked to the Islamic State group, hoping to strangle its funding and support.
106. Hafiz Saeed casts his vote in Lahore
107. Mumbai attack mastermind and JuD chief Hafiz Saeed today asked the people to give vote for "Pakistan's ideology" as he cast his vote in the general election in which his son and son-in-law are participating as candidates.
108. Fiat's emblematic boss Marchionne dies age aged 66
109. Fiat Chrysler's visionary boss Sergio Marchionne has died, after having driven the Italian auto giant to success for 14 years, holding company Exor announced today.
110. Boys rescued from Thai cave ordained at Buddhist temple
111. The young soccer teammates and their coach who were rescued after being trapped in a cave in northern Thailand have been ordained at a Buddhist temple, a merit-making activity to show thanks for their rescue.
112. Pakistan goes to polls; 35 killed in suicide blast, election-related violence
113. Pakistanis voted today in a tense election to choose a new government as at least 35 people were killed in an ISIS suicide attack and poll-related violence, amidst charges of manipulation by the powerful Army and concerns over the participation of Islamic hardliners.
114. Five Indian nationals were today arrested for being in possession of over 3 kg of smuggled gold, worth whopping Rs 14.7 million, at the international airport here, police said.
115. Eyeing Trump, China, S.Africa call for trade cooperation at BRICS summit
116. Obituary: Sergio Marchionne, the Fiat Chrysler boss who liked to fix things
117. Canara Bank reports 12 percent rise in first-quarter net profit
118. Tupperware quarterly sales miss estimates, cuts full-year forecast
119. HDFC Asset Management Company IPO fully subscribed
120. Econo Trade (India) to hold board meeting
121. Russia's drug cartel, China
122. ECP notice to Khan for voting in public
123. 5 out of 8 insurance, MF IPOs trade 24% below issue price in aggregate
124. salary, salary hike
125. 33 Best Trips And Tips For Solo Female Travel
126. 5 Ways To Become An Independent Thinker And Show Your Leadership
127. Stop Thinking In Tasks And To-Dos; Start Thinking In Outcomes
128. 5 Social Media Lessons To Learn From Kylie Jenner
129. America's Best Employers For Women 2018
130. Why Universities Need To Prepare Students For The New AI World
131. Channel - Block E - Leadership - blog - Position undefined - 33 Best Trips And Tips For Solo Female Travel
132. Channel - Block E - Leadership - blog - Position 0 - 33 Best Trips And Tips For Solo Female Travel
133. Channel - Block E - Leadership - Position 0 - Laura Begley Bloom
134. Channel - Block E - Leadership - blog - Position 1 - 5 Ways To Become An Independent Thinker And Show Your Leadership
135. Channel - Block E - Leadership - Position 1 - Avery Blank
136. Channel - Block E - Leadership - blog - Position 2 - Stop Thinking In Tasks And To-Dos; Start Thinking In Outcomes
137. Channel - Block E - Leadership - Position 2 - Marcela Sapone
138. Channel - Block E - Leadership - blog - Position 3 - 5 Social Media Lessons To Learn From Kylie Jenner
139. Channel - Block E - Leadership - Position 3 - Kate Talbot
140. Channel - Block E - Leadership - blog - Position 4 - America's Best Employers For Women 2018
141. Channel - Block E - Leadership - Position 4 - Vicky Valet
142. Channel - Block E - Leadership - blog - Position 5 - Why Universities Need To Prepare Students For The New AI World
143. Channel - Block E - Leadership - Position 5 - Stephanie Glass
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155. Modern Slavery Statement
156. T-Hub joins global tech giants to foster Indian start-ups
157. Nikon working on next-generation mirrorless camera
158. Customer identity and access management company LoginRadius on Tuesday said it would strengthen its research and development (R&D) and business operations team in India by hiring around 200 people in the country by 2020.
159. Mundipharma Responds Rapidly to HFMD Outbreak in Penang
160. A gathering of friends at Tito's grave (Travel Feature)
161. Increased use of anti-depressants -- drugs used to treat major depressive disorders -- may be associated with developing a high risk of fatal blood clot condition, says a study.
162. Consuming common opioid-based painkillers may triple the risk of side effects including personality changes, confusion and sedation among people with dementia, a study has warned.
163. The three Central government officials who inspected the controversial Border Pillar 81 near Kwatha Khunnou along Manipur-Myanmar border on Wednesday said there was no inconsistency about its location.
164. Frantic search for survivors continues after Laos dam collapse
165. Facebook is building 'innovation hub' in China
166. Facebook has set up a subsidiary in China to build an "innovation hub" focused on helping local developers and entrepreneurs to innovate and grow, the media reported.
167. Have lot of hope from Virat Kohli: Sourav Ganguly
168. Chennaiyin coach Gregory bags ISL Coach of the Year award
169. The high intensity and length of the Big Bash League (BBL) has forced Australia fast bowling great Mitchell Johnson to distance himself from it's further seasons, also raising questions about his further involvement with the Indian Premier League (IPL).
170. Moroccan midfielder Ahmed Jahouh has extended his stay with the Indian Super League (ISL) franchise FC Goa, it was announced on Wednesday.
171. Atletico Madrid announced the signing of Portuguese winger Gelson Martins on a five-year contract on Wednesday. The 23-year-old arrived at Atletico on a free transfer from Sporting CP, where he took part in 140 matches and scored 27 goals.
172. Top Asian golfers have confirmed their participation in the inaugural Louis Philippe Cup 2018. The field that is expected to comprise 132 golfers, boasts the likes of Asian tour winners Rahil Gangjee, Gaurav Ghei, Marcus Both, Mukesh Kumar, Rashid Khan & Himmat Rai.
173. Nearly 10 million fans follow his social media accounts. Many have bought a pair of the upmarket glasses he designed, or the very same baseball cap he wore for his last photo shoot. FC Bayern Munich defender Jerome Boateng is well on his way to becoming a global brand; he belongs to the same management stable as US rapper Jay-Z, and a potential move to big-spending Paris St Germain may further enhance his global marketing appeal.
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180. !-- Page optimized by LiteSpeed Cache @2018-07-25 12:12:47 --
181. !-- Page generated by LiteSpeed Cache 2.4.1 on 2018-07-25 17:42:47 --
182. Jul 25 2018    2 22 pm
183. This rare photograph from 1987-88 has just emerged online. From a rare series of pictures taken over two days during […]
184. Read more
185. td_uid_3_5b5869770602d class
186. Let Your Hair Shine in Monsoon
187. Women’s World Cup: Confident India Face Ireland in a Must Win Tie
188. td_uid_14_5b58696f13244 class
189. ‘Anti-trafficking bill ignores consenting sex workers’
190. td_uid_15_5b58696f3042d class
191. Home Remedies For Flawless Face
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197. Try ice cream, avoid premature ageing
198. Know what your body needs for monsoon
199. Acupuncture may not boost chances of IVF success
200. Nearly 60,000 Japanese drivers showed signs of dementia
201. Child-killing virus hits Sri Lanka
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206. Delhi Metro’s Magenta Line fully operational, open from today
207. Gigi Hadid confirms reunion with Zayn Malik
208. td_uid_35_5b58696f7658f class
209. N. Korea accuses US of misleading world on Pyongyang’s denuclearization
210. Punjab regularises illegal colonies
211. Outside interference in Maldives will complicate situation: China warns India
212. Akal Takht announces ban on release of film ‘Nanak Shah Fakir’
213. td_block_wrap td_block_big_grid_fl_4 td_uid_39_5b58696f7c8a6_rand td-grid-style-1 td-hover-1 td-big-grids-fl td-big-grids-scroll td-big-grids-margin td-pb-border-top td_block_template_8" data-td-block-uid
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220. Pakistan's knife-edge elections
221. $120,000: Kohli's fee for one Insta post
222. No job and short on cash? This can help
223. The blue whales of the sky
224. PM Modi gifts cows to Rwandan villagers
225. Huawei set to unveil gaming-centric Honor Play in India on August 6
226. Pump up the bass, Alexa! Now adjust equaliser on smart speakers with voice command
227. Twitter continues purge: Kills 143,000 apps; charts new rules for developers
228. Xiaomi unveils Mi A2, Mi A2 Lite with stellar camera, Android 8.1 Oreo
229. Samsung's new wireless charger leaked ahead of official launch on August 9
230. Tecno Mobile introduces the AI-powered Camon i Twin smartphone at Rs 11,499
231. Yellow wonder: Eye drops with turmeric extracts may help treat glaucoma
232. Hit the gym: Regular exercise can cut risk of diabetes, stroke, cancer
233. Sony launches Xperia XZ2 with 4K HDR video recording at Rs 72,990
234. This Bangalore dance school functions like a startup, but does not believe in making money
235. Singer Demi Lovato 'awake' after reportedly being hospitalised for drug overdose
236. Riding bike is a stress-buster for Pramoud Rao
237. Ethanol-blended petrol saved forex, lowered emission: Government
238. 4 alleged cattle smugglers assaulted by mob in UP's Hathras district
239. Hardik Patel gets 2 years jail in 2015 Visnagar riot case
240. President Ram Nath Kovind arrives in Chhattisgarh on two-day visit
241. Believe it or not: Young, single people are m...
242. Acer launches new gaming notebook 'Predator H...
243. Govt's import policy could drag India down a dirt road
244. A move that'll change the way India drives
245. When Tharoor, fish curry got Kerala a hot deal
246. Open to personal law changes, says AIMPLB
247. Banks on the verge of the greatest of escape acts
248. झुनझुनवाला ने कर्ज से दबी जेपी एसोसिएट्स में क्यों बढ़ाई हिस्सेदारी?
249. Bullish on these 2 durable stocks: Sudip Bandyopadhyay
250. 90% of GSK revenue from acute therapy biz
251. Why China will never say no to Pakistan
252. The folly of India's current import policy
253. Believe it or not: Young, single people are more likely to consider deactivating their Facebook account
254. Acer launches new gaming notebook 'Predator Helios 500' at Rs 2 lakh
255. Google protects employees from being hacked, thanks to ultra-cool security keys
256. Proud dad Boney Kapoor's advice to Janhvi: Remain simple, honest, and focused
257. World Cup final star Kylian Mbappe played match against Croatia with a back injury
258. Meghan Markle's half-sister doesn't mind a hefty paycheck to talk about the new Duchess
259. End to Mukesh Ambani's telecom price war may be 185 million users away
260. 2,000 additional seats allotted to J-K for Haj 2018 as 'special quota': Mukhtar Abbas Naqvi
261. Twitter has also introduced a new way for all developers to request access to their application programming interfaces.
262. The device, unveiled in China in June this year, will be an Amazon exclusive.
263. We won't feel the impact immediately. But if we stay the current course, we will inevitably slow down.
264. The Motor Vehicles (Amendment) Bill proposes huge increases in various penalties for traffic violations.
265. Health News 24/7
266. My Gold Guide
267. Long under the weather, industrial and banking activities in India finally look ready for a takeoff.
268. Ad: Regrow
269. Now, Parrikar says Goa mining scam worth Rs 4,000 cr; faults Shah panel
270. BJP's 'Hitlershahi' can't stop my fight: Hardik Patel
271. Automating job skills matching using Artificial Intelligence
272. en-gb2018-07-25T17:37:21+05:30
273. en-gb2018-07-25T17:26:06+05:30
274. China's rising worries could hand Pak an opportunity to shave a few billion dollars off interest costs.
275. en-gb2018-07-25T17:40:25+05:30
276. The mining issue has been hanging fire in Goa, every since the apex court banned extraction and transportation of iron ore from 88 mining leases from March.
277. In the year 2016-17, as much as 66.5 crore litres of ethanol were blended in petrol which resulted in foreign exchange impact of Rs 1,749 crore, said Dharmendra Pradhan.
278. en-gb2018-07-25T17:26:45+05:30
279. en-gb2018-07-25T17:40:52+05:30
280. Govt's import policy could drag India down a dirt roadWe won't feel the impact immediately. But if we stay the current course, we will inevitably slow down.
282. “The parent company feels confident that we are here to deliver.”
283. We won't feel the impact immediately. But if we stay the current course, we will inevitably slow down.
284. They reached the polling stations soon after the polling time started and used their right, Daily Pakistan reported.
285. In the year 2016-17, as much as 66.5 crore litres of ethanol were blended in petrol which resulted in foreign exchange impact of Rs 1,749 crore, said Dharmendra Pradhan.
286. A vital Bill stuck in Parliament can have revolutionary impact on your life on the road. The Motor Vehicles (Amendment) Bill, which has to be passed by the Rajya Sabha and is being opposed by various opposition parties for curtailing powers of state governments and favouring corporates, contains provisions that will make Indian roads safer. The Bill has already been passed in the Lok Sabha.The Bill proposes huge increases in various penalties for traffic violations, protection to Good Samaritans, recall of defective vehicle parts by auto companies, holding builders accountable for poor quality of infrastructure and making vehicle owners criminally liable for violations committed by juvenile drivers. In a survey conducted last year by Consumer Voice, an organisation involved in policy making and complaints redressal, 96 per cent of the consumers surveyed believed that passage of the Bill would help meet the UN mandate to reduce road accidents up to 50 per cent by 2020. Ninety-seven per cent felt the Bill should be supported by all the parties since it was important to bring down fatalities due to road accidents, currently the highest in the world at 1.46 lakh annually. The Motor Vehicle Act (Amendment) Bill 2017 is an important legislation as it will radically change the 30-year-old law. Below are some of the important proposals in the Bill:1) It makes Aadhaar mandatory for getting a driving licence and vehicle registration. 2) For deaths in hit-and-run cases, the government will provide a compensation of Rs 2 lakh or more to the victim's family. Currently, the amount is just Rs 25,000.3) In traffic violations by juveniles, the guardians or owner of the vehicle would be held responsibile unless they prove the offence was committed without their knowledge or they tried to prevent it. The registration of the motor vehicle in question will be cancelled. The juvenile will be tried under the Juvenile Justice Act.4) The bill has provision for protection of Good Samaritans. Those who come forward to help accident victims will be protected from civil or criminal liability. It will be optional for them to disclose their identity to the police or medical personnel.5) The minimum fine for drunk driving has been increased from Rs 2,000 to Rs 10,000. 6) The fine for rash driving has been increased from Rs 1,000 to Rs 5,000.7) Driving without a licence will attract a minimum fine of Rs 5,000 as against Rs 500 at present.8) The fine for over-speeding will go up from Rs 400 to Rs 1,000-2,000.9) Not wearing seatbelt would attract a fine of Rs 1,000 as against Rs 100 at present.10) Talking on a mobile phone while driving will attract a fine of Rs 5,000, up from Rs 1,000.11) A Motor Vehicle Accident Fund will provide compulsory insurance cover to all road users in India for certain types of accidents. 12) It will be mandatory to alter vehicles to make them suitable for specially abled people. 13) Contractors, consultants and civic agencies will be accountable for faulty design, construction or poor maintenance of roads leading to accidents. 14) A time limit of six months has been specified for an application of compensation to the Claims Tribunal with regard to road accidents. 15) The Bill removes the cap on liability for third-party insurance. The 2016 Bill had capped the maximum liability at Rs 10 lakh in case of death and Rs 5 lakh in case of grievous injury.16) The time limit for renewal of driving licence is increased from one month to one year before and after the expiry date.17) The government can recall vehicles whose components or engine do not meet the required standards. Manufacturers can be fined up to Rs 500 crore in case of sub-standard components or engine.
287. Five years ago when the RBI was pushing interest rates to their lowest levels, VS Parthasarathy, the chief financial officer of the nation’s biggest tractor maker, Mahindra & Mahindra, wasn’t celebrating. Now, when the rates are climbing, he is. Parthasarathy’s reaction may appear strange. But that reveals the reality that lies beneath the popular theories that rising interest rates are bad for corporate world and falling ones are good.The demand is a lot stronger across the spectrum. His firm made record profits, with consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) margins at 16.03%, the highest since FY10. Of course, investors are bumping it up to record levels giving it a market value of Rs 112,999 crore.When the talking heads are worried about many things, from gyrations in global financial markets to the next election, what is different that makes men like Parthasarathy upbeat?“Five years back, the world situation was precarious with an overbearing concern on Fed tapering,” says Parthasarathy. Today, a resurgent and insulated India can take bigger challenges. Five years back, growth was faltering, inflation up and expectations were uncertain. Now, the new situation is that the growth trend line is looking up, inflation is within the expected range and corporate earnings are decent. There is hope in the economy.”It’s the best of times and it’s the worst of times for the Indian economy. Indian economy is poised to grow at 7.5% in FY19, up from 6.7% a year earlier, and the best in two years. Corporate earnings grew 9% last fiscal, the highest in three years, and is estimated to grow 21% this year. Inflation, that was around 10% in 2012, is at 5% now. Current account deficit, the excess of imports over exports, is at 1.9% of GDP, down from 4.8% in 2012.The buoyancy in the economy post demonetisation and the implementation of the Goods and Services Tax are reflected in indirect tax collections that’s at Rs 95,610 core in the month of June. Utility vehicle sales rose 18.45% last fiscal. Motorcycles and tractors sales are at historic highs.“Government spending has supported the economy all this while. Now, as the economy picks up, rising demand will ensure that companies will invest more. I think corporate India is ready to get back to business,” says Dinabandhu Mohapatra, CEO, Bank of India.One of the dominant themes for the pessimism surrounding the economy is the bad loans in the system that cripples both the state finances and ability to lend. The National Company Law Tribunal is dealing with about Rs 4 lakh crore worth of bad loans. Some of the biggest corporates that gobbled up huge amount of credit that fuelled growth â€" Essar Steel, Bhushan Steel, Lanco, GMR, GVK and scores of others are in financial trouble.REDUCED LEVERAGEThe flipside is that much of the rot is out of the system now. With four years of cost cutting and reducing debt levels, the leverage in the industry is down. Corporate cash flows have improved, which raise their ability to borrow and repay.“Companies have freed up cash flows in the last few years,” says Mahesh Patil, co-chief investment officer at Aditya Birla Sun Life, who manages Rs 70,000 crore in equity assets. “Though profit growth has been just around 5- 6%, at an operating level it has grown much quicker at 10-12%. Companies have used this to manage working capital. Lower capacity utilisation has also meant companies have not had to spend much. This along with advantages of the GST regime and lower commodity prices have helped in lowering leverage.”Data from the rating agency Crisil based on a pool of 7,000 companies shows that the median gearing for companies is likely to fall to 1 time in fiscal ended March 2018 from 1.43 times in March 2013. This means a company which had Rs 143 of debt Rs 100 of net worth in 2013, has reduced its debt to Rs 100 now, at par with its net worth. Gearing refers to the level of a company’s debt related to its net worth, which includes equity, reserves and surplus.Crisil said that deleveraging has been a “secular story” for the good part of corporate India’s loan book for the last 5-6 years, which has led to improvement in other credit metrics such as interest coverage. The rating agency estimates that the median interest cover will improve to 2.83 times at the fiscal year ended March 2018 from 2.36 times at the fiscal year ended March 2013. In other words, companies were paying Rs 100 of interest for every `283 of EBITDA earned in March 2018, up from Rs 100 paid for Rs 236 of EBITDA earned earlier.“The leveraging of companies has come down without a doubt,” says Romesh Sobti, CEO at IndusInd Bank. “They are in much better shape now as a result of which the impact of a rate hike will not be as severe as it was in the last cycle. Companies have brought in more equity, sold non-core assets and reduced their debt when rates were lower, which means now they are better borrowers.”Interest coverage ratio measures how many times over a company could pay its current interest payment with its available earnings. The lower a company’s interest coverage ratio, the more its debt expenses burden the company.Better credit metrics mean better ratings, which give the confidence to invest in the paper issued by these companies. For example, Crisil’s credit ratio, or the ratio of upgrades to downgrades, stood at 1.67 times at the end of March 2018, up from 0.79 times in fiscal ended March 2014. There were 1,402 upgrades to 839 downgrades in FY18.Better credit ratios mean more confidence. “This trend has been visible in two legs,” says R Sivakumar, head-fixed income at Axis MF. “In the last two years, though commodity prices have started going up, top line growth and a better credit environment have contributed to lower leverage among companies making us more confident about investing in corporate debt.”ONCE BITTEN TWICE SHYIf one goes beyond the noise of bad loans, debt burden, the bankrupt cases, it is clear that the health of the corporate world is getting better. Many of the companies, which have come from the near-death experience, are talking prudence.One of the survivors of the 2012’s, Naveen Jindal’s Jindal Steel & Power is a case in point. For 13 successive quarters, it reported losses, but in the last quarter of FY18, it broke through the shackles to turn in a profit. That’s not encouraging CEO Naushad Akhter Ansari to lower the guard.“We are conscious of the fact that cost of money will be more expensive and businesses must cut down debt level, so interest costs come down,” says Ansari. “Rupee is being devalued, the balance of payments may be an issue if oil prices rise, and interest rates move up.”Although big private projects are a bit far, bank credit, which plunged to more than a five-decade-low, is picking up. The incremental creditdeposit ratio, the proportion of new loans to new deposits, has been running high at 75%.The much required churn in the form of promoters with less equity giving way to those with deep pockets is making the industry stronger and the fall in debt levels in the bankruptcy process is also raising hopes of prompt repayment.Capacity is being absorbed at a quick pace and the prospects of a good monsoon and government spending in an election year could be the icing on the cake.While debt laden ones are drowning, the animal spirits are back with the financially strong ones.
288. While we have shown a smart recovery, we are not completely out of the woods yet, Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, 65131675
289. en-gb2018-07-25T17:35:44+05:30
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294. The Australian Defense Forces (ADF) is extending the current LAND 121 Phase 3B Project to run through 2024. Under the new program - Land 121 Phase 5B - the Australian subsidiary of German-based Rheinmetall Man Military Vehicles (RMMV) will supply more than a thousand logistical vehicles, and 800 payload modules and trailers, to the Australian Defense Forces (ADF) between 2019 and 2024 under a contract worth a total of A$1.4 billion.
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299. Two leading manufacturers of remotely piloted aircraft systems are nearing the goal of certifying unmanned aerial systems (UAV) for operation in the same airspace with manned aircraft, thus removing a major barrier to entry for drones that restricted the operation of large drones over the populated areas in Europe, Canada, and the USA. Elbit Systems of Israel and General Atomics Aeronautical Systems Inc. are the two forerunners in this field, followed by IAI and Northrop Grumman.
300. Australia Extends Military Trucks Order
301. General Dynamics Upgrades More Strykers to A1 Variants
302. UK, Qatar stand up joint Typhoon unit
303. Terma updates ACMDS countermeasures dispenser
304. Violent risks intelligence bulletin â€" 24 July 2018
305. Czechs join NATO's enhanced Forward Presence in Lithuania
306. US secretary of state’s visit to North Korea ends without substantive progress, highlighting contradictory definitions of “denuclearisation”
307. MILITARY CAPABILITIES
308. The United Kingdom and Qatar have formally stood up a joint Eurofighter Typhoon operating unit to be based initially at Royal Air Force (RAF) Coningsby before transferring to the emirate, the UK Ministry of Defence (MoD) announced.
309. The MoD disclosed the activation of 12 Squadron following a
310. UK Qatar stand up joint Typhoon unit
311. The United Kingdom and Qatar have formally stood up a joint Eurofighter Typhoon operating unit to be based initially at Royal Air Force RAF Coningsby before transferring to the emirate the UK Ministry of Defence MoD announced
312. Africa Aerospace Defence 2018
313. A US Air Force USAF sources
314. Czechs join NATOs enhanced Forward Presence in Lithuania
315. announcements and event invitations I can freely
316. Pakistan Election 2018 LIVE UPDATES: 35 killed, 67 injured in blast at Quetta; row over Imran Khan's vote
317. A fierce battle is expected between Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PMLN) led by Nawaz Sharif’s brother and former Pakistan Punjab Chief Minister Shahbaz Sharif.
318. All VVPATs machines will be procured before 2019 Lok Sabha elections: Election Commission
319. India vs Essex Live: India lose Dhawan, Pujara and Rahane
320. Did you know? Pyaasa song 'Jaane voh kaise' was inspired by national anthem
321. Happy Phirr Bhag Jayegi trailer: There's a lot happening in this Sonakshi Sinha, Jimmy Shergill starrer
322. All police stations, chowkis to have CCTV cameras: Delhi police to HC
323. Apple’s 6.1-inch LCD iPhone 9 to come in blue, yellow and pink colours?
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330. Apple's 6.1-inch LCD iPhone 9 to come in blue, yellow and pink colours?
331. PM Modi has asked states to deal sternly against cow vigilantes indulging in violence: Govt
332. MoS for Home Hansraj Gangaram Ahir said 'police' and 'public order' are state subjects under the Seventh Schedule to the Constitution and state governments are…
333. Pakistani-origin man behind Toronto mass shooting: Canadian police
334. Assam Police's Twitter handle shares informative post on stalking, wins praise online
335. There were many responses to the original tweet, with many requesting the Assam Police department to share the post in the local language. Actor Kajol also took noticed the post and retweeted it.
336. Priyanka Chopra's funky cat-eye shades is all we need for a glamorous quick fix
337. உதயம் பருப்பு வாங்கினால் ஃபாரீன் போகலாம்.. அனல் பறக்கும் மீம்ஸ்கள்!
338. കൊലപാതകികളുടെ ഹിറ്റ് ലിസ്റ്റില്‍ ഗൗരി ലങ്കേഷ് രണ്ടാം പേരുകാരി; ആരായിരുന്നു à´'ന്നാമത്?
339. Pakistan Election 2018 LIVE UPDATES: Election Commission sends notice to Imran Khan over vote
340. India vs Essex Practice Match, Live Cricket Score Streaming: India lose Ajinkya Rahane
341. Pakistan Election 2018