- NITI Aayog suggests Air India be made profitable before it's ... - Moneycontrol.com
- Sampark: Reaching out through school student helpline in Odisha
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- Whirlpool Q1 net rises 23.41% to Rs 163.79 cr
- Home appliances maker Whirlpool of India today reported a 23.41 per cent increase in net profit at Rs 163.79 crore for the quarter ended June 30, 2018.
- Revenue official held for teasing girl in Jammu
- A revenue official was arrested for allegedly teasing a girl in Jammu district, police said today.
- FC Pune City bring in Miguel Angel Portugal as head coach
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- Forca Goa Foundation Sign MOU with Special Olympics Bharat
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- WISH Foundation to add 100 health and wellness centres in India by Oct
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- Provision of bail added in triple talaq bill
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- Pharma exports up 3 pc to USD 17.3 bn in 2017-18
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- Bill to set up DNA banks to store profiles introduced in LS
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- Jaitley attends RS for first time after kidney transplant
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- Bihar Guv, CM, Dy CM congratulate Harivansh on being elected
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- 346 pilgrims leave for Amarnath shrine
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- Sundram Fasteners standalone Q1 net profit at Rs 106.18 Cr
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- Joshi, Powar among 20 applicants for Indian women's coach job; NZ batswoman too in hunt
- Former India spinners Sunil Joshi and Ramesh Powar will be among 20 candidates to be interviewed for the role of the women's cricket coach in Mumbai tomorrow.
- Indonesia minister says quake deaths pass 300
- Indonesia's top security minister, Wiranto, says the death toll from last Sunday's earthquake on the island of Lombok has climbed to 319.
- Russia says US sanctions over nerve agent attack 'unacceptable
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- Cockpit CO2 levels affect pilot flight performance: Study
- Higher carbon dioxide (CO2) levels on the flight deck may negatively affect an airline pilot's performance, a study suggests.
- Kanye West's 'Carpool Karaoke' cancellation cost us USD 45,000, says James Corden
- James Corden has revealed Kanye West pulling out of a planned Carpool Karaoke appearance on three separate occasions cost his show USD 45000.
- Russia reels, cries foul after U.S. sanctions spiral escalates
- Board of ICRA approves buyback of shares
- Board of Ravalgaon Sugar Farm approves sale of assets at Ravalgaon
- East India Securities to foray into commodities market
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- Ramco Systems partners with AP Carqo Loqistic Network Corp., Philippines
- Google Pixel 3 XL leaked photos hint at notch display, wired USB-C buds
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- Amazon, Flipkart, Paytm mall freedom sale: Know discounts, cashback & more
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- MARKET WRAP: Sensex ends at fresh closing high of 38,024; Bankex up 1.3%
- Ind vs Eng 2nd Test Day 1: Toss delayed due to light drizzle at Lord's
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- Any damage caused to currency notes and coins by tearing, burning, writing and drawing lines on them will be a crime in Nepal as per a new law coming into force from August 17.
- Ruia brothers-led Essar Oil and Gas Exploration and Production (EOGEPL) on Thursday announced that it has signed a 15-year Gas Sale and Purchase Agreement (GSPA) with state-run gas utility GAIL.
- Ikea's first India store, which opened its doors on Thursday, offers a world of options for Indian customers looking to furnish their homes with products of good quality and yet affordable.
- Saudi Arabia announced on Thursday that its oil supply to Canada will not be affected despite an escalating diplomatic rift between the two countries.
- By Mohammed Shafeeq
- Mitsui Chemicals: Diagnostics Business for Photovoltaic Power Generation to Expand into India
- 177 rescued from stormy sea in Thailand
- Koreas to hold high-level talks next week
- Syrian First Lady being treated for breast cancer
- New quake jolts Indonesia's Lombok
- Consuming a ketogenic diet -- high in fat but low in protein and carbohydrates -- may increase the risk of developing Type-2 diabetes while helping in weight loss, a new study has claimed, raising questions whether the diet is healthy.
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- Maratha quotas: Peaceful start to Maharashtra shutdown
- Leader of Opposition in the Delhi Assembly, Vijender Gupta on Thursday urged the police to file an FIR against Chief Minister Arvind Kejriwal and three other AAP ministers for "forcible occupation" of the Lt. Governor's (LG) Office in June.
- FC Pune City on Thursday signed Miguel Angel Portugal as the head coach of the club for the 2018-19 Indian Super League (ISL) season.
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New Russia sanctions over poisoning of former spy, daughter WASHINGTON (AP) â" New sanctions against Russia will be imposed later this month for illegally using a chemical weapon in an attempted assassination of a former spy and his daughter in Britain earlier this year, the United States said. 3 big value migration themes in next 3-5 yrs: Gautam Duggad Consumption recovery will gain strength in next 9 months, says HoR of Motilal Oswal Financial Services Sebi initiated probe in 117 new cases in FY'18 The cases were related to alleged violation of securities law including market manipulation and price rigging. ET View: Victory today for NDA, step forward for opposition in tomorrow's battle Hours after getting the better of the ruling NDA for a Rajya Sabha memberâs position on the Public Accounts Committee, the Opposition lost the Rajya Sabha deputy chairmanâs race by a big margin of 20 votes. Apple's top market is giving it a hard time In India, the world's second-biggest smartphone market, Apple Inc's normally deft management of government relations is being put to a fresh high-stakes test. For almost two years, Apple has battled India's telecom regulator over a demand that it allow the use of the government's anti-spam app. Non-compliance, the watchdog threatened last month, could result in phones being "derecognised" from the country's networks, meaning they would no longer function. It is just one of several headaches the Cupertino, California-based company is nursing in India - a market it calls a top priority but where it has just 1 percent share. Apple has not gotten the tax breaks it has sought for suppliers to expand local manufacturing - key if it is to avoid steep import duties that have made its iPhones, already pricey for many Indian consumers, even more expensive. Local content prerequisites have also stopped the U.S. tech giant from opening its own stores. The lack of direct sales channels has helped make it vulnerable to discounting and prompted it to recently embark on a major overhaul of its retail strategy. At the heart of its latest tussle with the government is India's pervasive problem with spam and nuisance calls - one the Telecom Regulatory Authority of India (TRAI) is trying to counter with an app that it wants all phone makers to install. The app has been available on the Android store since 2016, but Apple in March told Reuters that TRAI's app "as envisioned violates the privacy policy of the App Store." The new version of its iPhone operating system, expected in autumn, will allow many of the app's functions but not fully automatic spam filtering as that functionality could open the door to Apple users being tracked by third parties, Apple said in a letter to regulators. TRAI, however, last month notified Indian telecom firms it could give them six months notice to "derecognise" devices from their networks if the devices do not support anti-spam apps that are approved by the government. In the letter, dated June 18 and responding to a draft of the proposed notification, Apple asked for the clause about derecognition to be dropped. "We look forward to working with TRAI to address the issue of unsolicited commercial communications, while simultaneously ensuring that we fully honour our commitment to protect the privacy and security of our users," Apple's head of public policy in India, Kulin Sanghvi, wrote in the letter which was seen by Reuters. The Indian Cellular Association has also come out in opposition to the regulator's move. Asked by Reuters to respond to Apple's request to drop the derecognition threat, TRAI Chairman R.S. Sharma said the notification could not be quashed or challenged by writing a letter. "The most appropriate way to challenge this is in court," he said. TAXES AND DISCOUNTSApple has also failed to find favour with Prime Minister Narendra Modi's administration when it comes to tariffs. Championing policies that force overseas tech firms to manufacture locally, the government has imposed import duties. A base model iPhoneX is now priced at nearly $1,400 in India - some 40 percent more than in the United States. Apple, which currently assembles only two low-end iPhones in India, has said tariff-free imports are critical for smartphone component suppliers and essential to make local manufacturing practical. But its pleas have gone unheeded and its competitors are not making the same arguments. Samsung Electronics builds all its Indian phones locally and last month opened the world's biggest mobile manufacturing plant on the outskirts of New Delhi - which is slated to become an export hub. A key supplier for China's Xiaomi, another major Apple rival, this week said it would spend $200 million to build a plant in southern India. The steep tariffs are exacerbating sales woes for Apple in India, where it has to rely on a network of distributors to supply devices. Competition among retailers has led to rampant discounting, at both physical stores and online, and Apple's policy to keep prices uniform within a single market has collapsed in India. It has also often meant a desultory buying experience for the consumer. Aiming to fix that, Apple appointed company veteran, Michel Coulomb, as its new India sales chief late last year and he has cut its national distributors from five to two. At a June meeting with around 20 of Apple's key distribution channel partners, Coulomb outlined a new programme aimed at eliminating discounting and improving the shopping experience, a source familiar with the matter said. Other sources also said Apple aims to make financing plans that it offers in partnership with banks more attractive. But Apple is still some time away from opening its flagship stores in the country due to the requirement that direct sales outlets have 30 percent local content, a separate source added. The sources declined to be identified as they were not authorised to speak to media. Apple declined to comment on its sales and distribution strategy. Until Apple successfully tackles its regulatory and sales hurdles, its higher-end iPhones are likely to remain too expensive for many Indian consumers while for its older models, rivals have matched many of Apple's features at far lower prices. "The traditional appeal of the iconic Apple logo is gradually being challenged by the wow factor of a feature-rich, premium Android smartphone with the fastest processor or the best camera," said Tarun Pathak, an associate director at tech research firm Counterpoint. Soon, you may take late night flights to Srinagar You may soon be able to take flight at night from Srinagar airport as the state government has approved the operation in night till 10 pm. Currently, the last flight in Srinagar airport lands at 5:15 PM, while the last outbound flight is at 5:45 PM. All the requited infrastructure has been placed at the airport and a test flight has been conducted by the Indian Air Force (IAF). The airport is run by the IAF but the civil operations are managed by Airport Authority of India. Srinagar airport, which was given international status in 2005 and is the main airport in Kashmir Valley, handles 38 domestic flights a day. The only international flights operating from the airport are during the Haj pilgrimage.The proposal for night flights in Srinagar was mooted by the Omar Abdullah-led government in 2011 but was kept in abeyance as the strategically located airport is also used by the Indian Air Force.The Centre recently decided to finalise the operations and asked the IAF to clear the decks for night flights after state Governor NN Vohra took up the matter with the ministries of defence and civil aviation, officials said.The increase in flying hours is likely to boost the tourism sector in the state. However, airport authorities may not allow night flights during winters as part of safety measures against snow and fog.(Inputs from PTI) 3 big value migration themes in next 3-5 yrs: Gautam Duggad Till the time we are out of the election cycle, what has worked for last couple of years will continue to work, Gautam Duggad, Head of Research, Institutional Donât expect too many AMCs to come to market to raise money HDFC Asset Management Company, which runs HDFC Mutual Funds, has just had an extremely successful stock listing. On the first day after listing, the stock closed up 65 per cent. While the promoter, HDFC, must be wondering whether it had underpriced the issue and thus left money on the table, the price appreciation does indicate an impressive demand for the stock.While I hold no strong view on whether this particular stock is a good investment or not from here onwards, Iâve observed over the last few days that a lot of casual equity investors do not appreciate the unique business model that mutual fund companies have. Coincidentally, just the day HDFC AMC listed, I came across an (unrelated) tweet by the American financial commentator Morgan Housel which brought home the quality of asset management companiesâ businesses. Wrote Housel, âInvestment management fees might be one of your householdâs top budget line items, but you donât realise it because you pay in autodeducted basis points instead of an invoice.âTo test Houselâs theory, I cornered a friend who has been investing in mutual funds for more than two decades and whose investments have grown to around Rs 85 lakh. âHow much do you pay for fund management services,â I askedRs âNothing,â he said. When I told him that he actually paid around Rs 20,000 a month, he was shocked. Houselâs conjecture was absolutely true. At Rs 20,000 a month, fund management is literally the largest single regular expense that my friendâs household makes!I wonât go into the question of whether Rs 20,000 a month is too much for managing Rs 80 lakh. Thatâs a topic for another day. However, consider the facts: A middle-class household is paying about 15 per cent of its total monthly expenses for fund management, and does not realise itâs doing so, and the amount is rising, and it will continue to pay this basically forever. All this means that running an AMC can be a great business, and quite probably, buying the stock of good AMCs at a reasonable valuation could make you much more money than investing in those AMCsâ mutual funds!But seriously, that makes it sound like mutual funds are not a good way of investing. Nothing could be further from the truth â" mutual funds are by far the best and the most suitable way of investing that is available to the Indian investor. Despite the cost (and I firmly believe that cost is on the way down), a lot more Indians are going to find it worthwhile to be investing a lot more money into mutual funds in the years to come. There might be a lot of noise around mutual funds, but at the end of the day, only around 2-3 per cent of households have any substantial investments in mutual funds. I know that much higher figures of up to 10 per cent are quoted but based on my experience, Iâm unable to believe that. Of households who make discretionary financial savings, maybe itâs 10 per cent.Thus, the other part of this story is the growth potential. Growth will come to all parts of this equation. This 2-3 per cent will keep growing, as will the actual amounts invested by the existing investors, and as will the value of the money invested.However, I wouldnât expect too many AMCs to come to the equity markets to raise money. In fact, thatâs the other part of why this is such a great business â" there simply isnât any particular need for too much capital.The two listed AMCs that we have both went public not because they needed capital but as a way of promotersâ raising some money and for liquifying employee stock options.In combination with everything else, this short supply in AMC equity will itself be good news for investors.(Author is CEO, Value Research) - Violent risks intelligence bulletin â" 9 August 2018
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- Police using water canon to disperse the members of Tripura Khet Mazoor Union during a demonstration in support of their various long pending demands in Agartala on Thursday.UNI PHOTO-44U
- Former Tripura Chief Minister Manik Sarkar addressing the members of Tripura Khet Mazoor Union during a demonstration in support of their various long pending demands in Agartala on Thursday.UNI PHOTO-44U
- Former Tripura Chief Minister Manik Sarkar addressing the members of Tripura Khet Mazoor Union during a demonstration in support of their various long pending demands in Agartala on Thursday.UNI PHOTO-43U
- Members of Tripura Khet Mazoor Union raising slogans during a demonstration in support of their various long pending demands in Agartala on Thursday.UNI PHOTO-42U
- Tribal students participating at a rally organised on the occasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday . UNI PHOTO-41U
- Tribal students participating at a rally organised on the occasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday. UNI PHOTO-40U
- Tribal students participating at a rally organised on the occasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday. UNI PHOTO-39U
- Tribal students in traditational attire participating a function on the occeasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday. UNI PHOTO-38U
- Tribal students in traditational attire participating a function on the occeasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday. UNI PHOTO-37U
- Tribal students in traditational attire participating a function on the occeasion of âInternational Day of the Worldâs Indigenous Peoplesâ-2018â , in the outskirts of Agartala on Thursday. UNI PHOTO-36U
- FM Goyal challenges Kharge to contest against him as Cong, BJP MPs clash over Rafale
- Kanwariyas resort to violence in UP; attack police, torch vehicles
- Lucknow, Aug 9 (UNI) After the national capital, Kanwariyas have now resorted to violence in Uttar Pradesh's Bulandshahr district, attacking police personnel on duty and vandalising their official vehicles here on Thursday.
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Thursday, August 9, 2018
Latest News Headlines Thu Aug 9 16:06:33 IST 2018
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