Arjundas Forexpros

Ziel 10 pro Monat Zitat von yogasutra Seine ziemlich billig Kurs und dieser Trainer namens Nial Fuller lehrt Preis Action Trading für Forex. Hes sehr sehr gut. Die Grundsätze dieses Handels sind auch an der Börse gültig, da sie mit dem Dow Jones Index zusammenarbeiten. Für diejenigen, die nicht wissen, ist Preis-Aktion der einfachste Weg des Handels auf dem Markt mit japanischen Candlesticks. Im Denken der Verwendung es in der indischen Börse. Jeder andere Gebrauch Preis Aktion an der Börse P. S. Einige Prinzipien sind die gleichen. Zum Beispiel ist ein Shooting Star eine invertierte Pin Bar, und so weiter. Lieber Yogasutra. Ein Trader, der Preishandlung verstehen kann, ist ein erfolgreicher Händler sicher. Aber das Verständnis Preis Aktion ist nicht ein einfacher Job. oder. Das könnte eine härteste Art des Handels sein .. das kann der Grund dafür sein, sind usng Indikatoren und andere technische Dinge. Re: Target 10 pro Monat kann ich nicht zustimmen. Ich habe gesehen, Neulinge abholen in einem Monat. Und theyre, die jetzt wie Profis handeln. Der Grund, warum es härter erscheint, ist, weil die Leute zu handeln wünschen und scheinen zufrieden mit 1 Ampere 2. Allerdings, wenn auf der Tages-Charts und die 4-Stunden-Charts (und selten sogar die 1-Stunden-Chart) ist es die stressfreiste Art verwendet handeln. Ich Handel Forex und haben bereits 25 zu meinem Konto in 20 Tagen, mit einer Mischung aus Preis Action und Geld-Management-Techniken von meinem Trainer gelehrt hinzugefügt. Die Sache ist, dass ich möglicherweise zurück nach Indien in Kürze bewegen, so wird nicht in der Lage, in Forex Handel. Ich frage mich, ob jemand anderes auch mit PA. Anscheinend theres ein Kerl auf traderji benannte Hik, der es sehr erfolgreich getan hat. Er scheint schon einiges zu erzählen. Zitat von Sunny1 was sagst du da Preis-Aktion ist die härteste Art des Handels infact Re: Target 10 pro Monat Ich habe gerade auf eine Buchung unten über die Zähigkeit des Handels mit Price Action geantwortet. Ich kann dem nicht zustimmen. Ich verwende keine Indikatoren außer 8 amp21-day EMAs. Und das auch nur, um den Hang zu sehen und sie als dynamische Unterstützung und Widerstand zu nutzen. Preise neigen dazu, diese Linien während und updowntrend respektieren. Also nur dafür. Nur Else PA. Einer der Indikatoren würde Overbought Niveaus für den Yen zeigen, da er 80 getroffen hat. Und jetzt ist es bei 93 (ich tausche Forex, wie Sie es erraten haben). Wenn ich diesem Indikator gefolgt wäre, hätte ich kein Geld. Andere Menschen machen Tausende und Millionen von der Yen im Moment mit PA. Die Sache ist, dass die Menschen wollen ihre Geschäfte sicher sein. Aber es gibt nicht so etwas wie ein Sureshot-Handel. Es gibt mit hoher Wahrscheinlichkeit Trades und niedrigere Wahrscheinlichkeit Trades und Trades zwischen. Indikatoren können einen Händler zuversichtlich, aber sind keine Garantie für den Erfolg. Das ist, warum so viele Menschen als Händler scheitern. Ich glaube wirklich, dass Sie diese Website besuchen sollten Learntotradethemarket. Sein durch diesen australischen Kerl, der forex unter Verwendung nur PA unterrichtet, nichts anderes. Was ich wissen wollte war, wenn PA war so effektiv in der indischen Börse, wie ich vielleicht zurück nach Indien. Anscheinend ist es. Ich habe Beiträge von diesem Boarder namens Hik auf traderji gesehen, die auf diese Weise handelt und es anderen lehrt. Zitat von arjundas Sehr geehrte Yogasutra. Ein Händler, der Preishandlung verstehen kann, ist ein erfolgreicher Händler sicher. Aber das Verständnis Preis Aktion ist nicht ein einfacher Job. oder. Die möglicherweise eine härteste Art des Handels .., die der Grund dafür sein kann, sind usng Indikatoren und andere technische stuffs. Japan wird eine wichtige Rolle in Indias wirtschaftliche Transformation und Entwicklung spielen: PM Nach der Annahme des Amtes des Premierministers, hatte ich eine Entscheidung getroffen Dass mein erster bilateraler Besuch außerhalb Südasiens nach Japan führe. Es ist mein großes Vermögen, daß Ministerpräsident Abe mir die Gelegenheit gab, meinen Wunsch innerhalb von 100 Tagen nach der Amtsübernahme zu erfüllen. Dies ist ein Spiegelbild der Tatsache, dass Indien Japan als seine engsten und zuverlässigsten Partner betrachtet und dass die Beziehungen Indiens zu Japan für meine Regierung höchste Priorität haben. Dies ist nicht nur, weil Japan ein wichtiger Partner für die Indias-Transformation ist, sondern auch, weil Indien und Japan als zwei friedliebende und demokratische Nationen eine maßgebliche Rolle bei der Gestaltung der Zukunft Asiens und der Welt spielen können. Ich bin dem Premierminister Abe, einem alten Freund, für seine außerordentliche Gastfreundschaft und Wärme sowohl in Kyoto als auch in Tokio zutiefst dankbar. Seine besonderen Gesten spiegeln seine besondere Liebe zu Indien und seinen Glauben und sein Vertrauen in Indien und unsere bilateralen Beziehungen. Ich schätze seine Freundschaft sehr. Ich bin auch berührt von der Wärme und Begeisterung, die ich bei der Begegnung mit einem breiten Querschnitt von Menschen hier erlebt habe. Ich freue mich über die grenzenlosen Möglichkeiten unserer Zusammenarbeit. Ich bin nicht nur sehr zufrieden mit meinen Gesprächen mit Premierminister Abe, aber das Treffen hat mein Vertrauen, meine Aufregung und meinen Optimismus in den Beziehungen Indien-Japan stark erhöht. Ministerpräsident Abe hat über unsere Gespräche gesprochen. Sie haben auch die gemeinsame Erklärung und das Fact Sheet mit Ihnen. Ich möchte mit Ihnen mehr darüber sprechen, wie ich diese Beziehung und diesen Gipfel betrachte. Heute haben wir eine wichtige Entscheidung getroffen, die Beziehung von strategischer und globaler Partnerschaft zu einer speziellen strategischen und globalen Partnerschaft zu erhöhen. Dies ist nicht nur ein Wortspiel, sondern eine Entscheidung, die die feierlichen Pflichten unserer beiden Regierungen und zwei Länder widerspiegelt. Lesen Sie mehr Fitch bestätigt Bewertungen auf 9 Indian Banks Pressure auf Asset-Qualität Fitch Ratings hat die Ratings auf neun indischen Banken bestätigt. Für die Bank of Baroda, die Bank of Baroda, die Bank of Baroda Neuseeland (BOB NZ), die Punjab Nationalbank, die Canara Bank, die IDBI Bank, die ICICI Bank und die Axis Bank wurden die Long-Term Issuer Default Ratings (IDR) der State Bank of India (SBI) Bestätigt bei BBB-, während die indische Bank bei BB bestätigt wurde. Der Ausblick auf die IDRs ist stabil. Eine vollständige Liste der Rating-Aktionen ist am Ende dieser Bewertung Aktion Kommentar. Der indische Bankensektor steht vor einem schwierigen wirtschaftlichen Umfeld, obwohl die neuen Regierungen das Wahlmandat freiwillig in die Lage versetzen, weit reichende Wirtschaftsreformen durchzuführen. Unsicherheiten und Risiken bleiben bei der Umsetzung der wichtigsten Politiken erforderlich, um die Regierungen Wachstum und Haushaltsdefizit Ziele zu erreichen. Fitch hat seine reale BIP-Wachstumsprognose für das Geschäftsjahr Ende März 2016 (FY16) auf 6,5 von 6,0 erhöht und rechnet mit einem realen BIP-Wachstum bis zu 5,5 in FY15 von 4,7 im Jahr 14 zu holen. Die Asset-Qualität bei den staatlichen Banken ist weiterhin unter Druck, während einige große Banken notleidende Kredite (NPLs) und restrukturierte Darlehen in einem langsameren Tempo in den letzten zwei Quartalen gewachsen sind. Frühe Anzeichen für eine Entschuldung im Unternehmenssektor sind ermutigend. Allerdings hat eine kürzlich gerichtete Entscheidung, dass die Regierungen Zuweisungen von Kohle-Ressourcen in den Jahren 1993-2009 illegal war einen Schatten auf Asset-Qualität geworfen. Die Auswirkungen des Urteils können jedoch weniger belastend als erwartet sein, wenn die produktiven Vermögenswerte ohne Unterbrechung weiter betrieben werden dürfen. Fitch erwartet, dass der Druck auf die Qualität der Anlagen bei den Rating-Banken für ein paar Quartale bestehen bleibt. Die Banken, insbesondere die Staatsbetriebe, werden sich verstärkt auf die Beschaffung von Kapital zur Erfüllung strengerer Eigenkapitalanforderungen im Rahmen des Basel-III-Regelungsrahmens konzentrieren, der schrittweise in Indien umgesetzt wird. Lesen Sie mehr Rupee bewegt sich stärker Verlangsamung im Aktienmarkt könnte Schmerzen Rupee ist der Handel in 60.4445 Zone gegen den Dollar, marginal höher als die mittwochs fünf Wochen hoch von 60.48504950. Die asiatischen Währungen sind ebenfalls auf dem Vormarsch, die der Rupie gegen Dollar helfen. Geschlossen bei Fünf-Wochen-Hoch Die fünfwöchige hohe Rallye von der Rupie am Vortag konnte wegen der russischen und ukrainischen Zustimmung der permanenten Waffenruhe erklärt werden. Auch die Auslandskapitalzuflüsse wurden am Vortag fortgesetzt. Laut Forex-Händler, die höheren Verkauf des Dollars von Exporteuren und Banken haben die Rupie unterstützt, aber Schwäche in der indischen Aktienmarkt könnte die Rupie heute verletzen. SENSEX wurde von 54,01 Punkten für den Handel auf 27.085,93 und Nifty hatte 18,65 Punkte, um bei 8,095,95 geschlossen. Gestern hatte der indische Markt ihre Allzeithochs berührt, die durch robuste Leistung getragen wurden, die von Infosys Ltd. aufgestellt wurde, das über positiven US-Wirtschaftsdaten sammelte. Sustain 60-61 Levels Wie bei den Charts hat die Rupie ein entscheidendes Niveau bei 60,40, was, wenn gebrochen, Platz für Sub-60-Level machen könnte. Insgesamt wird erwartet, dass Rupie im Bereich von 60 bis 61 bleiben. Trader glauben, dass die Rupie könnte starke Widerstand auf dem Niveau von 60,35 bis 60,40 wie die staatlichen Banken könnte durch den Kauf der US-Dollar zu unterbrechen. Zur gleichen Zeit, auf der Dollar-Front, wird die US-Arbeitsplätze Bericht und European Central Banks Treffen am Freitag geplant werden die nächste große Sache, um die Rupienstrecke weiter zu entscheiden. Der Dollar verlor breit gegen die Hauptwährungen, die die Rallye in Rupie unterstützten. Wenn die EZB zusätzliche monetäre Konjunkturmaßnahmen ergreift, wird die Rupie wahrscheinlich profitieren, da sie höhere Auslandsströme im Land bedeuten würde. Für die heutige Sitzung wird erwartet, dass Rupie Bereich gebunden bleiben und bleiben zwischen 60,35 bis 60,65. Lesen Sie mehr Monster Employment Index Indien registriert bis 25 YoY in Online-Chancen Der Monster Employment Index wurde eine stabile und robuste Fortschritte in der indischen Recruitment-Industrie. Das Studium der Trends der verschiedenen Sektoren, hat die Medien-Amp-Entertainment-Industrie hat ein Wachstum von 62 geschwollen. Robustes Wachstum zeigt sich in fast allen Branchen, die vom Index wie ITITES, Healthcare, Engineeringamp Construction, Production Amping Manufacturing, Travel und Education beobachtet werden. Wir sind hoffnungsvoll, dass die Dinge in den kommenden Monaten weiter verbessern werden. Ache din aane walen hain. Sagte Sanjay Modi, Geschäftsführer, Monster (IndiaMiddle-EastHong KongSouth-Ostasien). Industrie Trends im Jahresvergleich: Online-Rekrutierung übertraf das Vorjahresniveau in 25 der 27 Branchen, die vom Index überwacht wurden. Media amp Entertainment (bis 62) ergänzt Home Appliance (bis 54), um alle Industrie-Branche auf lange Sicht zu führen. Die Wachstumsdynamik verringerte sich in beiden Fällen jedoch leicht. Die Online-Rekrutierung im Bereich Automotive Ancillaries Tires (bis 11) scheint erholt zu haben. Der Sektor verzeichnete im ersten Quartal erstmals seit März 2014 und im zweistelligen Jahreswachstum ein positives Wachstum. Dies ist die zweite positive im Vergleich zum Vorjahr seit März 2013 Banking Financial Services, Versicherungssektor einen 14-Punkte-Punkt Verbesserung der Tempo des langfristigen Wachstums von 10 im Juli 2014 auf 24 im August 2014. Klare Online-Rekrutierung in der Branche Wird stark Der Hospitality-Sektor ist auch Charting robuste jährliche Wachstumsraten seit Februar 2014. Online-Rekrutierung in der Reise-und Tourismus-Sektor übertraf das Vorjahresniveau von 52 in diesem Monat. Jedoch zeigte der Index für die Reihe unterhalb des Sechsmonatsniveaus um 5 TelecomISP (herauf 4) und Regierung PSU Verteidigung (herauf 10) zeigten positive jährliche Wachstumsraten, nachdem niedrigen Niveaus der vorhergehende Monat ShippingMarine (unten 5) den steilsten Rückgang gezeichnet In Online-Rekrutierung im Vergleich zum Vorjahr. Lesen Sie weiter August Verkäufe bringen positive Impulse für die Automobilindustrie Die wichtigsten Akteure der Automobilindustrie erklärten ihre Absatzzahlen im Jahr 2014, die positive Stimmungen auf den Markt brachten und erhofften sich auch in der kommenden Weihnachtszeit Hoffnungen auf eine bessere Performance. Indias größter Automobilhersteller Maruti Suzuki erzielte im August 2014 einen Umsatzzuwachs von insgesamt 110.776 Einheiten. Darin enthalten sind 98.304 Einheiten auf dem Inlandsmarkt und 12472 Einheiten im Export. Das Unternehmen hatte insgesamt 87.323 Einheiten im August 2013 verkauft. Der Verkauf von Nissan Motors wuchs um 60 mit 3.999 verkauften Fahrzeugen. Mahindra amp Mahindra gab bekannt, dass es im August 2014 35.175 Einheiten verkauft hat, gegenüber 37.897 Einheiten im August 2013. Das Segment Pkw belief sich im August 2014 auf 14.140 Einheiten. Auch der Gesamtumsatz von Ashok Leyland Ltd für Augusy lag bei 8331 Einheiten im Vergleich zu 7139 Einheiten im August 2013. MampHCV Umsatz stieg bei 5830 Einheiten, während LCV Umsatz lag bei 2501 Einheiten. Lands zweitgrößter Autohersteller Hyundai Motor India Ltd berichtet, dass es die Inlandsverkäufe von 33.750 Einheiten und Ausfuhren von 14.361 Einheiten mit kumulierten Verkäufen von 48.111 Einheiten für den Monat August 2014 registriert. Dies hielt die YoY Wachstum von 19,2. Allerdings sank der Umsatz von Tata Motors um 18 in der Kategorie der gewerblichen und Pkw-Fahrzeuge, während der kumulierte Umsatz um 25 zurückging. Im Segment der beiden Räder verzeichnete TVS Motor Company im August 2014 einen Umsatzzuwachs im Gesamtumsatz Von 155.532 Einheiten im Monat August 2013 auf 227.482 Einheiten im Monat August 2014. Die Unternehmen insgesamt Exporte wuchs um 28 mit einem Umsatzsteigerung von 27.425 Einheiten im Monat August 2013 auf 35.074 Einheiten im August 2014. Zweirad-Exporte registriert Ein Wachstum von 27 mit einem Umsatzsteigerung von 21.374 Einheiten im August 2013 auf 27.115 Einheiten im August 2014. Royal Enfield berichtete 66 Umsatzsteigerung im August bei 26.643 Einheiten. Die Inlandsverkäufe beliefen sich auf 26.121 Einheiten gegenüber 15.708 Einheiten im August letzten Jahres, bis 66. Die Ausfuhren im August waren bei 522 Einheiten gegenüber 354 Einheiten im Vorjahreszeitraum. Mahindra Two Wheelers Ltd. (MTWL), ein Teil der USD 16,5 Milliarden Mahindra Group, kündigte ihre Verkaufszahlen für August 2014, die bei 12598 Einheiten stand. Die inländischen Verkäufe des Unternehmens standen bei 11,178 Einheiten während des Monats, während Exporte für den Monat bei 1420 Einheiten standen. RBI ändert Basel-III-Richtlinien für Banken Die Reserve Bank of India hat es den Banken gestattet, zusätzliche Tier-1-Kapitalinstrumente auszugeben, deren Nennbetrag Verluste entweder durch die Umwandlung in Stammaktien oder durch einen Abschreibungsmechanismus, der die Verluste verteilt, in Anspruch nehmen würde Instrumente, entweder vorübergehend oder dauerhaft. Um die Anhebung der Nicht-Eigenkapitalinstrumente durch Banken im Rahmen des Basel III-Rahmens zu erleichtern, hat das RBI die bestehenden Richtlinien überprüft. Diese sollen auch Anleger anreizen und die Anlegerbasis erhöhen. QuotBanks können Tier II Kapitalinstrumente mit einer Mindestlaufzeit von 5 Jahren im Vergleich zu 10 Jahren derzeit ausstellen, sagte RBI. Lesen Sie mehr Power Ausfall trifft mehrere Teile von Mumbai Die Stromausfälle in dem Land scheint auch bis Mumbai gefangen, wie mehrere Bereiche in Mumbai heute wie Sion, Dadar, Mahim, Parel, Prabhadevi, Bandra Kurla Komplex, Chembur, Tilak Nagar Und Santacruz wurden ohne Macht gelassen. Tata Powers-Einheit in Trombay schaltete seine Zuleitungen aus, die 500 MW Leistung übertragen, was zu einer Lastreduzierung in Bereichen wie Parel, Mahalaxmi, Dharavi und Chembur führt. Dies wurde auch getan, um die Belastung auf die 220 KV Kharghar-Nerul-Sonkar-Trombay-Krawatte zu regulieren. Der Stromausfall begann um 9.45 Uhr und wurde in einigen Bereichen wiederhergestellt. Es gab unbestätigte Berichte einiger Leute, die im Aufzug und in den Aufzügen wegen der plötzlichen Energieauslösung stecken. Brihanmumbai Electricity Supply und Transport (BEST) und Reliance Energy, die Kraft von Tata Power kauften, bestätigten in ihren Erklärungen, dass die Rotation Lastabbau auf bestimmte Teile von Mumbai auferlegt wurde. Der Stromausfall wurde schnell zu einem Trends Thema auf Twitter, mit mehreren hochkarätigen Geschäftsleuten und Führungskräfte tweeten über sie. Es bringt mehr Druck auf die Regierung am Staat und das Zentrum, um die knarrende Infrastruktur zu beheben. Juli Kernindustrien wachsen auf 2,7 Der Gesamtindex der Eight Core Industries liegt im Juli 2014 bei 163,9 und damit 2,7 Prozent höher als im Juli 2013. Der kumulative Zuwachs im April bis Juli 2014/15 lag bei 4,1. Die Kohleproduktion (Gewicht: 4,38) stieg im Juli, 2014 um 6,2 im Juli 2013. Der kumulative Index von April bis Juli, 2014-15, stieg im Vergleich zum entsprechenden Vorjahreszeitraum um 5,7. Die Rohölproduktion (Gewicht: 5,22) ging im Juli, 2014 im Juli, um 1,0 zurück. Der kumulierte Rohölindex lag im April bis Juli 2014-15 um 0,3 über dem entsprechenden Vorjahreszeitraum. Die Erdgasproduktion (Gewicht: 1,71) ging im Juli, 2014 im Juli, Juli um 9,0 zurück. Der kumulative Index von April bis Juli 2014-15 ging im Vergleich zum entsprechenden Vorjahreszeitraum um 5,2 zurück. Die Erdölraffinerieproduktion (Gewicht: 5,94) ging im Juli, 2014 im Juli 2013 um 5,5 zurück. Der kumulative Index im April bis Juli 2014-15 ging im Vergleich zum entsprechenden Vorjahreszeitraum um 2,2 zurück . Lesen Sie mehr Weekly: Vorsicht setzt nach Sensex Kreuze 27000 In einer unvergesslichen Woche auf Dalal Street. Nifty galoppierte vorbei an der 8000-Marke, in der Tat der Index auch überqueren über 8100 nach auftreffenden BIP im ersten Quartal und Verengung Leistungsbilanzdefizit. Indias Wirtschaftswachstum erholte sich scharf im April-Juni-Quartal, angetrieben durch die Herstellung und Dienstleistungen Sektoren. Die Wirtschaft wuchs jährlich 5,7 im Juni-Quartal, gegenüber dem Vorquartal 4.6 Expansion und 4.7 Wachstum ein Jahr zuvor. Indias Leistungsbilanzdefizit (CAD) verkleinerte scharf zu US 7.8bn d. h. 1.7 des BIP im Q1 von 2014-15 von US 21.8 Milliarde, d. H. 4.8 des BIP im vorhergehenden Jahr. Der niedrigere CAD war in erster Linie auf eine Kontraktion des Handelsbilanzdefizits zurückzuführen, die sowohl durch einen Anstieg der Exporte als auch durch einen Rückgang der Importe bedingt war. Ein wichtiges Ereignis, um aufzupassen, wäre das Urteil des Obersten Gerichtshofs über die Kohleblockzuteilung, die am 9. September 2014 stattfinden soll. Das Apex-Gericht hatte die Anhörung am 1. September 2014 begonnen, ob die Kohleblöcke, Die von dem Screening-Komitee zwischen 1993 und 2010 zugewiesen wurde, eine Maßnahme, die sie als unfair und illegal bezeichnet hatte. Zusätzlich werden Juli-IIP-Daten und Aug-CPI-Daten auch nächste Woche zusammen mit Aug-Import-Amp-Exportdaten veröffentlicht. Das Warten auf eine Korrektur scheint dem Markt für eine lange Zeit zu entgehen. Eine kleine Korrektur könnte immer stattfinden, aber so stark ist die Stimmung, dass Sektorrotation und Folgekäufe sicherstellen, dass die Indizes in guten Mutes bleiben. Für die Woche, schloss BSE Sensex bei 27, 026 bis 1,5, während die NSE Nifty endete bei 8, 086 bis 1,7. Lesen Sie mehr Dinge zu erinnern, während das Schließen eines Home Loan Viele Menschen springen bei der ersten Gelegenheit, ihre Hypothek abzahlen. Es gibt ein starkes Gefühl der Erleichterung und Stolz, dass man bei der Bezahlung eines Darlehens zu Hause und offiziell ruft das Eigentum ihrer. Mit der jüngsten Ankündigung durch die RBI und NHB Ausweitung der Beseitigung von Vorauszahlungen für Wohnungsbaudarlehen Abschottung, wurden Darlehen Kreditnehmer weiter ermutigt, ihre Hypotheken vor dem Ende der Amtszeit auszahlen. Vor der Abschaffung des Darlehens, müssen wir erkennen, dass nur die Zahlung der ausstehenden Zahlung an unsere Kreditgeber ist nicht genug und nicht beenden unsere Pflicht. Es gibt Verfahren der Kreditnehmer muss folgen und im Auge behalten, um eine reibungslose Abschottung zu gewährleisten und jede Auswirkung auf zukünftige Wohnungsbaudarlehen zu vermeiden. Hier ist eine Checkliste, um eine nahtlose und problemlose Abschottung zu gewährleisten. Kennen Sie amp Bezahlen Sie die Exact Outstanding Principle Betrag Es ist immer ratsam, die Normen der Bank zu verstehen, während vor der Zahlung des Darlehens. Es ist integral für den Kreditnehmer mit der Bank auf den genauen ausstehenden Betrag dieser Betrag kann auch auf der Abschlusserklärung des Kreditgebers zu finden gefunden werden. Man sollte nicht annähernd annehmen, da selbst ein Unterschied von Rs 100 - als hervorragend angesehen wird, und schlimmer noch, dieser Betrag wird über einen Zeitraum von Zeit mit Interesse zunehmen. Dies kann sich negativ auf Ihren CIBIL-Score auswirken und Ihre zukünftigen Kreditaufnahmen beeinflussen. Verweigern Sie nicht, die zusätzlichen Zinsen zahlen die Kreditgeber Forderungen Der Kreditgeber wird auf ein zusätzliches Interesse von 4-5 Tagen beim Schließen Ihres Darlehens hinzufügen. Dieses Interesse ist es, die Höhe der Zeit, die es für die DDcheque zu klären und die Zeit, um die Abschottung zu verarbeiten. Statt dies zu diskutieren mit dem Kreditgeber, ist es besser, zahlen diese zusätzlichen Zinsen und sorgen für eine nahtlose Abschottung Ihres Darlehens. Lesen Sie mehr Financial Intermediation für alle: Wirtschaftswachstum mit Equity Financial Inclusion ist definiert als der Prozess der Gewährleistung des Zugangs zu geeigneten Finanzprodukten und Dienstleistungen, die von allen Bereichen der Gesellschaft im Allgemeinen benötigt werden, und besonders gefährdete Gruppen wie schwächere Sektionen und niedrige Einkommensgruppen insbesondere auf Eine erschwingliche Kosten in einer fairen und transparenten Weise von Mainstream-institutionellen Spielern. RBIs Ansatz zur finanziellen Einbeziehung Geplantes und strukturiertes Vorgehen Der RBI hat der finanziellen Eingliederung hohe Priorität eingeräumt. Wir haben einen geplanten und strukturierten Ansatz verfolgt, um die beiden Fragen der Nachfrage und des Angebots zu lösen. Wir haben Regulierungen mit einem Ziel der Bereitstellung von Bankdienstleistungen für sechs lakh Plus-Dörfer und ein geeignetes Umfeld für Banken zu schaffen. Wir fördern die finanzielle Einbeziehung in einen Einsatzmodus durch eine Kombination von Strategien, die von der Lockerung der regulatorischen Richtlinien, der Bereitstellung neuer Produkte und unterstützenden Maßnahmen zur Erreichung einer nachhaltigen und skalierbaren Finanzintegration reichen. Finanzintegration steht im Mittelpunkt des internationalen Politikdiskurses unter dem G-20-Dach. Mehr als fünfzig Länder haben formale Ziele und Ziele der finanziellen Eingliederung festgelegt. Wenn die Hälfte unserer Landbevölkerung finanziell einbezogen und von den Randniveaus zum Hauptstrom als Produzenten und Konsumenten von Gütern und Dienstleistungen bewegt werden sollte, sollten die enormen unternehmerischen Energien betrachtet werden, die entfesselt würden, was zu mehrfachen Auswirkungen auf das Wirtschaftswachstum führen würde Der Armen. Es gibt erhebliche Beweise dafür, dass arme Menschen immens von grundlegenden Zahlungen, Spar - und Versicherungsleistungen profitieren. Lesen Sie mehr 60 Indische wohlhabende Verbraucher planen, die Ermessensausgaben im kommenden Jahr zu steigern: Visa Sixty Prozent der wohlhabenden Konsumenten in Indien haben Pläne, ihre Ermessensausgaben im kommenden Jahr zu erhöhen, zweitens nur nach China, nach der Visa Affluent Studie 2014 Studie zeigt auch, dass nach China, hat der größte Anteil der wohlhabenden Bevölkerung, die Geld für diskretionäre Ausgaben beiseite legen. Auf einer durchschnittlichen 9 in 10 wohlhabenden Indern beiseite Rs 25.000 monatlich für diskretionäre Ausgaben für Elemente wie Essensausflüge, Feiertage und Kauf Designer-Waren. Uttam Nayak, Global Head of Emerging Markets Digital und Group Country Manager Indien amp Südasien, Visa, sagte: Die Umfrageergebnisse zeigen, dass wohlhabende Inder weiterhin optimistisch mit Plänen, mehr auf diskretionäre Elemente im kommenden Jahr zu verbringen. Gleichzeitig erwarten 7 von 10 mehr Einsparungen im kommenden Jahr, was ein gutes Gleichgewicht zwischen Ausgaben und einer Verpflichtung zum Wachstum und zur Erhaltung ihres Vermögens zeigt. Wohlhabende Indianer planen, 60 ihres Haushaltseinkommens zu verbringen und den Rest zu sparen oder zu investieren. Sie verbringen einen Durchschnitt von etwa Rs. 460.000 pro Jahr auf Haushaltsausgaben mit Lebensmitteln, Einkaufs-und Lebensmittel-Amp-Getränke die größte Ausgabenkategorien für alle Bevölkerungsgruppen. Allerdings ist die Bildung von Kindern unter den höchsten Prioritäten in allen Ländern untersucht, mit 9 von 10 wohlhabenden Indern sagen, dass dies eine oberste Priorität für sie ist. Die Bereitstellung der besten verfügbaren Bildung für ihre Kinder gilt als sehr wichtig von über 70 der wohlhabenden Inder. Affluent Indians weiterhin Schwerpunkt auf die Ausgaben Zeit mit ihren Familien zu legen. Sie sind auch in hohem Maße involviert in Management, Schutz und Wachstum ihres Reichtums mit 7 in 10 Lesung über Finanz-und Vermögensverwaltung mindestens einmal im Monat. Lesen Sie mehr Dinge zu tun, bevor Sie Ihre Stiefel hängen Jeder Ruhestand in einem bestimmten Alter und die sich verändernden Lebensstil und Familie Bindungsmuster in Indien fordert eine gut geplante Strategie für den Ruhestand. Anders als in der Vergangenheit, als eine feste Rentenströmung des Arbeitgebers und einige Vermögensakkumulationen ausreichen, um ein Individuum durch seinen Ruhestand zu unterstützen, hat sich das Szenario inzwischen sehr verändert. Sparen Sie früh ist das Mantra einer soliden Ruhestandsplanung, aber wenn mit einigen intelligenten Strategien kombiniert, wird der ganze Prozess einfach und konnte die Sorgen wegnehmen. Haftungsverhältnisse mit höherem Budget für das Gesundheitswesen Niemand könnte die unmittelbaren Ausgaben vorhersagen, die im Alter unangekündigt kommen würden, also wäre es ratsam, einen Betrag von ein bis zwei Jahren Aufwendungen als Eventualitäten aufzuheben. Zur gleichen Zeit, gesundheitsbezogene Ausgaben tendenziell während der grauen Jahre steigen, daher ist es besser, einen Gesundheits-Plan vor dem eigentlichen Ruhestand zu nehmen, die sonst zu einem saftigen Preis kommen würde. Werden schuldenfrei Keine Schulden sollten in dem Maße durchgeführt werden, dass es bedient werden muss, wenn man in Rente geht. Die Anwesenheit von Schulden in den Ruhestand Jahren wird nur unnötige Belastung für eine Familie, die feste Einkommen für die Pflege der monatlichen Ausgaben. Disziplinierte und frühe Rettung Die frühe spart, desto mehr Korpus könnte für die Zukunft gebaut werden. Auch ein disziplinierter Ansatz ist ein Schlüssel zur Altersvorsorge, der eine ununterbrochene Verteilung der Einsparungen erfordert. Während die erzwungenen EPF-Abzüge von den Gehältern der Beschäftigten die Arbeit für einige ausschließen, müssten Unternehmer und Selbstständige dieselben in ihre Einsparungsgewohnheiten einbetten. Nach einem Bericht in Japan Times, Muji, die ein japanischer Haushalt und Konsumgüter Einzelhändler ist wetteifern, um Indien einzugehen, sobald im nächsten Jahr. Das Unternehmen ist über die Zusammenarbeit über ein Joint Venture und starten ihre Geschäfte über Indias großen Metropolen Städte bis zum Jahr 2016. Amazon Hits Snag Amazon Inc. befindet sich im Zentrum eines Steuerstreits in Indien im Hinblick auf seine Operationen in Banglore basiert. Die indische Regierung hat den Einzelhändler angeklagt, einen Hintertüreintrag in das countrys Einzelhandelsgeschäft unter Verletzung der ausländischen Direktinvestitionen der FDI-Politik zu nehmen. Obwohl das Unternehmen sich verteidigt hat, seine Arbeit auf Intemidien beschränkt zu verteidigen, scheint es, dass Amazon seine Expansionspläne in Indien vorläufig in Ruhe setzen muss. PM, um Uniqlos Indien-Pläne zu erklären Premierminister Modi ist wahrscheinlich, Uniqlo, einen japanischen Einzelhandelsriesen, während seines 5-tägigen Besuchs des Landes zu treffen. Das Treffen ist ein Follow-up der früheren Diskussion, die im Juni stattfand. Es wird berichtet, dass Uniqlo den indischen Markt aus den letzten zwei Jahren überprüft hat und beabsichtigt, ihn als eines der Ziele unter seinen globalen Expansionsplänen einzuschließen. FDI Allowance In Indian Apprels Das Ministerium für Textilien findet das türkische Modell der Förderung der heimischen Marken geeignet für Indien. Das Ministerium hat empfohlen, dass die Regierung FDI in multibrand Einzelhandel und Einzelhandel, sondern sollte auf indische Kleider nur beschränken. Derzeit gibt es FDI Akzeptanz in nur ausländische und Einzelhandel Marke, während das gleiche ist nicht in indischen Marken erlaubt. Rahul Gupta, Vorsitzender des KMU-Kapitels der Herstellervereinigung, sagte, dass es dringend notwendig ist, dass die Regierung Pläne für die Förderung des KMU-Wachstums in Indien plant. Gupta sagte, dass Indien sein Ziel der Herstellung der Drehscheibe nur durch die Führung eines Fahrplans für den KMU-Sektor der Wirtschaft erreichen könnte. Darüber hinaus sagte Gupta, dass die Steuerstruktur und Anreizpläne für die KMU auch gestärkt werden sollten, indem sie die vorhandenen Reformen wie subventionierte Flächen, die Herstellung von Produktionskorridoren und Subventionen für die Hersteller erbringen. Business Today-YES Spezieller Fokus auf KMU KMU haben ihren eigenen maßgeblichen Beitrag in der indischen Wirtschaft und folglich veranlasste sie die Business Today und Yes Bank, diesen Sektor durch ihre Auszeichnungen zu unterstützen, die 13 indianische KMU als Gewinner identifizierten. Die Bedeutung von KMU in Indien spiegelte sich auch im Ton von Ravi Shankar Prasad, Rechts - und Telekommunikationsminister, wider, der in den kleinen Unternehmen viel Wachstumspotenzial spürte. Zur gleichen Zeit, die KMU-Unternehmer drückten die Notwendigkeit einer größeren Unterstützung von beiden Finanzinstituten und Regierung zu helfen, ihr Wachstum anzuregen. Brauchen Sie eine ausgeprägte Finanzarchitektur Der berühmte Kolumnist und Chartered Accountant, S Gurumurthy inszeniert seine Ansichten, dass die Regierung sollte auf die Schaffung einer separaten finanziellen Architektur für KMU zu arbeiten. Er sagte, dass die Regierung versichert hat, dass sie einen besonderen Finanzrahmen für den Sektor herausbringen würden, aber es ist sicherzustellen, dass sie das tun. Gurumurthy unterstrich, dass kleine Institutionen Mittel für KMU in Höhe von 36-45 Prozent bereitstellen, weil das die Banken von ihnen verlangen. So, wenn Bank könnte Kreditzinsen auf 10-12 Prozent reduzieren, dann gibt es einen Bereich der Weitergabe der Anreiz für KMU. Wir werden alle Versprechungen liefern, sagt Prakash Javadekar, der die Vollendung von 100 Tagen Narendra-Modi-Regierung im Amt als Bericht und eine Berichtskarte, Minister für Information und Rundfunk, erklärte, sagte Prakash Javadekar, dass die Regierung verpflichtet sei, all ihre Versprechen zu liefern , Während das Sprechen auf einer ASSOCHAM Veranstaltung in Neu-Delhi heute statt. Heute ist der 100. Tag unserer Regierung, aber wir haben nie beschlossen, 100 Tage zu feiern, weil unser Mandat für fünf Jahre ist und wir liefern, was wir versprochen haben, aber wie können wir Leute daran hindern, jeden Anlass zu feiern, eine Rezension und eine Reportkarte zu feiern , Sagte Herr Javadekar während der Einweihung einer Konferenz über Social Media: Boon oder Bane, organisiert von der Associated Chamber of Commerce und Industrie von Indien (ASSOCHAM). Wir haben alle Ministerien-Webseiten aktualisiert, da die Website-Aktualisierung ein aussagekräftigerer Dialog ist als Twitter, Facebook und andere Social-Media-Plattformen, die von Ministern und Ministerien genutzt werden sollen, informiert die Union IampB Minister. Hervorhebung der Bedeutung der sozialen Medien auf der ASSOCHAM-Konferenz, sagte Herr Javadekar, dass die Regierung appellierte an die Menschen, Ideen, Inputs und Designs für unsere Werbung für den 15. August zu geben und erhielt 1.470 Einträge von Menschen und es war ein großer Erfolg. Er sagte auch, dass der Name des kürzlich gestarteten Pradhan Mantri Jan Dhan Yojana (PMJDY), ein Schema, um finanziell zu ermächtigen, die Armen auch aus einem Online-Wettbewerb entstanden. Ich stelle eine weitere Anschlagtafel auf der Webseite auf und schlage mir bitte den Namen, die Inhalte und andere Ideen für DD-Kisan vor, sagte Herr Javadekar bei der Suche nach Ideen über die Konturen und den Inhalt des vorgeschlagenen Kisan-Fernsehens, um Echtzeitinformationen zu verschiedenen landwirtschaftlichen Themen zu liefern Fragen an die Landwirte. Modi ji verwendet die Social Media brillant zu erreichen direkt an die Menschen und effektiv kommunizieren, jetzt unsere Regierung ist mit den sozialen Medien sehr stark und auch weiterhin verwenden, sagte der Gewerkschaftsminister, der auch die Umwelt-Portfolio hält. Lesen Sie mehr Factsheet: Indien und Japan-Partner für gemeinsame Entwicklung Premierminister Narendra Modi ist auf einem offiziellen Besuch in Japan vom 30. August - 3. September 2014. Er hielt das jährliche Gipfeltreffen mit Premierminister Shinzo Abe heute. Die beiden Ministerpräsidenten haben danach eine gemeinsame Erklärung abgegeben. They instructed respective relevant authorities to further enhance cooperation in the following cooperation programmes and projects. The Japanese side announced the launch of a feasibility study by the Japan International Cooperation Agency (JICA) of a project for setting up of a 10 MW canal-top grid connected solar photovoltaic (PV) power plant in Gujarat as a model for next generation infrastructure. The Indian side appreciated Japanese yen loan pledges of 50 billion yen (approximately 500 million US dollars) for the Public-Private Partnership Infrastructure Financing Project to the India Infrastructure Finance Company Limited (IIFCL), and of around 15.6 billion yen (approximately 156 million US dollars) for the Guwahati Sewerage Project in Assam. Both sides emphasized that the Delhi-Mumbai Industrial Corridor (DMIC) Project should result in a new era of industrial infrastructure development with the creation of new generation Smart Community projects across six states in India. Both sides acknowledged that in addition to new manufacturing hubs, the DMIC Project will envisage the development of infrastructure linkages like power plants, assured water supply, high capacity urban transportation and logistics facilities as well as important interventions like skill development programme for providing employment opportunities to youth. Both sides welcomed the progress made in the development of industrial cities at Dholera in Gujarat and Shendra-Bidkin in Maharashtra, and integrated industrial townships at Greater Noida in Uttar Pradesh and Vikram Udyogpuri near Ujjain in Madhya Pradesh. Read More Microfinance industry continues to grow at a fast pace in India: MFIN Microfinance Institutions Network (MFIN) released the tenth issue of the MicroMeter on the status of the Indian microfinance industry, as of 30 June 2014. This report provides a comparative analysis with the corresponding quarter of previous fiscal year (Q1 FY 13-14) and previous quarter of the current fiscal year (Q1 FY 14-15). The analysis presented in this issue is based on data collected from 48 MFIN member NBFCMFIs. The aggregate Gross Loan Portfolio (GLP) of Micro Finance Institutions (MFIs) stood at Rs 261.5 bn, registering a growth of 44 over the same quarter of the last fiscal. Client coverage grew by 23 with over 26.5 mn low income households across 493 districts getting micro-loans from NBFC-MFIs. Total loan disbursed showed a growth of 34 compared to Q1 FY 13-14. The MFI industry is now well dispersed geographically with presence across regions. GLP in East at 27, South at 33, West and North at 20 each reflects a regionally spread out portfolio. Average loan amount disbursed per account remained under Rs 15,000. The Productivity ratios for MFIs also continued to improve with GLP per branch at Rs 26 mn, up by 32 over Q1 FY 13-14. Funding availed by MFIs in Q1 FY 14-15 on other hand, has grown by 154 reflecting improved investor confidence. About 77 of this funding came from banks and rest from other financial institutions. As of 30th June, 2014, PAR for NBFC-MFIs (other than MFIs under CDR) remained well under 1 of GLP. Maharashtra, MP, Tamil Nadu, Gujarat and Karnataka continue to have the highest concentration of MFIs. The top states in terms of disbursements were West Bengal, Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh accounting approximately for 60 of disbursements by MFIs. Tamil Nadu and West Bengal are the top states in terms of the clients. The states with the highest portfolio growth are Manipur, Himachal Pradesh, Jammu amp Kashmir, Delhi and Assam. Read More Indias Q1 FY14-15 growth surprises: HSBC Global Research GDP growth in Q1 FY2014-15 was better than expected at 5.7 y-o-y (vs. 4.6 in the previous quarter). This was driven by stronger investment and government spending, which offset weaker private consumption and net exports. However, we think it will be a challenge to sustain this pace of growth given sub-normal rains, high corporate leverage, tight monetary policy, lingering structural constraints and the need to reign in fiscal expenditures. Nevertheless, the notable improvement in investor sentiment has lifted future growth prospects and poses upside risks to our current year growth forecast of 5.3 y-o-y. Facts Indias GDP growth rose to 5.7 y-o-y in Q1 FY2014-15 (vs. 4.6 in Q4 FY2013-14). This is better than consensus expectations of 5.5 and our estimate of 5.0. On a sequential basis, the growth momentum picked up (2.0 q-o-q sa vs. 1.2 in Q4). On the supply side, agriculture was weaker due to poor monsoon rains at the start of the season. However, this was more than offset by stronger industry (4.0 y-o-y vs. -0.5 in Q4) and services (6.6 y-o-y vs. 5.8 in Q4). All sub-sectors within industry improved, but under services, construction and community and personal services were the main drivers of growth, while trade and business services decelerated. On the demand side, a big jump in government consumption (8.8 y-o-y vs. -0.4 in Q4) and investment (7.0 y-o-y vs. -0.9 in Q4) more than offset weaker private consumption and net exports. Growth in imports outpaced exports during the quarter. A surprise was in store given the notable improvement in high frequency indicators. The uptick was mainly driven by front-loading of government expenditure and improved investor sentiment following decisive election results in May. However, we think it will prove to be a challenge to sustain this pace of growth. Read More Pradhan Mantri Jan-Dhan Yojana: No burden on banks rather makes a reasonable business case for them Pradhan Mantri Jan-Dhan Yojna (PMJDY), an ambitious programme on Financial Inclusion to cover about 7.5 crore unbanked households in the country was launched here by the Prime Minister a day before yesterday i. e. 28th August, 2014 from Vigyan Bhawan. On that occasion, the Prime Minister asked the banks that the target of opening 7.5 crore bank accounts is to be completed now by 26th January, 2015 instead of 14th August, 2015. Any apprehension that this scheme may cause financial burden on the banks does not hold any ground as PMJDY makes a reasonable business case for the banks and there are enough safeguards inbuilt as explained here under: Over and above this, Pradhan Mantri Jan-Dhan Yojana (PMJDY) makes the infrastructure ready for Direct Benefit Transfer (DBT) schemes to be rolled-out quickly. This will improve governance and plug leakages. In principle approval of 2 commission to be paid for DBT Scheme has already been granted. Guidelines for the life insurance cover announced by the Prime Minister will be issued shortly. There will be no burden on the Banks on this account. Read More Power Spot Market sees rise in demand and prices in August: IEX The electricity traded in the spot market at Indian Energy Exchange (IEX) increased in the month of August to 2.5 BUs (Billion kWh), almost 8 higher than 2.3 BUs traded in the previous month and 7 higher over 2.3 BUs traded in the same month last year. An average of 80 MUs was traded on a daily basis, again an 8 increase over 74 MUs traded last month. As regards the demand and supply of power, the spot market received purchase bids worth 4.72 BUs while the Sell bids were only 3.01 BUs, clearly indicating that demand surpassed supply this month. Consequently, the average market clearing price (MCP) for the month went up to Rs. 4.49 per unit, up by 19 from Rs. 3.76 per unit in July14. The increase in demand and the consequent rise price of power could be attributed to a couple of reasons i. e. scanty rainfall and consequent reduction in hydro generation, coal and gas shortages and increase of agricultural load in some States. The inter-state transmission congestion was also lower over last month as about 200 MUs could not be traded this month as compared to 223 MUs lost in July. Read More Tracking Ahmedabad real estate in PM Modis Era: JLL Over the past couple of months, no other Indian state has been talked about as much in the Indian media as Gujarat. Be it about Narendra Modi, former chief minister of Gujarat who is now Prime Minister of the nation or the growth model of the state. This fast developing province has seen the decade-long efforts start to bear fruit in the area of infrastructure development especially in Ahmedabad, the commercial capital of the state. In recent times, the city has become the symbol of the states progress story. The uninterrupted electricity and water supply, the wider roads and the rapid bus transit system have helped Ahmedabad to cement its position as a manufacturing hub. In the past, despite the city being known for its industries, particularly its textile and pharmaceutical enterprises, it did not create a sector-specific demand for real estate, unlike the ITITeS sector did for Bangalore and Pune. Up until recently, the city produced mostly blue-collar jobs and those employed preferred affordable housing, particularly in the unorganised real estate sector. To attract the participation of the organised real estate sector, affordable and well-connected real estate developments were on the checklist of the Ahmedabad Urban Development Authority. The planning resulted in well-rounded growth as Ahmedabad, unlike other cities, did not have any geographical constraints on expansion. Also, the committee refrained from giving any specific city node an undue advantage, due to which capital value appreciation was held in check for many years Nonetheless, in recent quarters, noteworthy growth was registered in residential real estate prices. Residex, the index published by the National Housing Bank covering price movements in urban and semi-urban areas, showed that Ahmedabad residential real estate prices have grown faster than other major Indian cities over the past four quarters. Read More Suzuki Motorcycle launches new generation Hayate Suzuki Motorcycle India Private Limited (SMIPL), a subsidiary of one of the worlds leading two-wheeler manufacturers, Suzuki Motor Corporation, Japan, today launched the new generation Hayate. The bestselling motorcycle from Suzuki India, Hayate comes with many radical changes, focused on attractiveness, convenience, and smoother ride it offers. Like its brand ambassador Salman Khan, the electrifying heart of the Hayate is retained because it is a solid, entertaining performer for the masses. The new Hayate comes in with a stunning, visually appealing new look. It gets a new fully painted side cowl with attractive graphics. What this does, is that apart from making the motorcycle look good, it has the added advantage of looking bigger and more imposing. While the new Hayate retains the 4-stroke, air-cooled, 112 cc engine, it has been fine-tuned significantly and the carburetor settings have also undergone improvement. The result is the Hayate offers a much smoother ride as well as improved mileage. On the convenience front, the new Hayate now comes with a Maintenance Free Battery as well as tubeless tyres with broader rims. This will translate into hassle-free convenience for the rider as well as a much more stimulating and stable ride. The Hayate will be available in the market from 3rd September 2014 and will be priced at Rs 44,969 Ex-Showroom-Delhi. Hero Motocorp appoints Sanjay Jorapur as Chief Human Resources Officer Poised on the threshold of its next phase of consolidation at home and global expansion, Hero Motocorp appointed Sanjay Jorapur as Chief Human Resources Officer, to take complete charge of the companys HR function across its operations in India and global markets. Sanjay will be part of the Senior Leadership Team at Hero Motorcorp and it will report to Pawan Munjal. He is schedule to join Hero Motorcorp later this month. Sanjays appointment follows a series of new additions to the Senior Leadership at Hero. The company brought in Markus Feichtner last year from Austrias AVL to head its newly-created division of New Engines Design amp Development within the RampD functions. Hero also brought in Rajat Bhargava from McKinsey amp Co. to its head its Corporate Strategy and Performance Transformation functions. UBM India announces the 9th edition of FiampHi UBM India will be hosting the 9th edition of the largest business event catering to the Indian Food market, the Food ingredients amp Health ingredients 2014 (Fi amp Hi India 2014) on 29 Sept 1 Oct 2014 at the Bombay Exhibition Centre, India. The 2014 edition of FiampHi India aims to focus on innovation and consumer trends, providing a channel to the Industry professionals from around the world to link to the promising Indian foodmarket. An industry awaited platform which includes Health ingredients India, the Food Technology and the Processing amp Packaging Pavilion, the event will bring together the leading buyers, suppliers and over 6,000 visitors and industry professionals from the entire food value chain. Read more Jain Irrigation launches solar powered micro irrigation systems Jain Irrigation launched Integrated Solar Powered Micro Irrigation Systems for Small Farmers at World Water Week 2014 being held at Country Capital Stockholm. While launching the pioneering concept informally, the Companys President Dr. Dilip Kulkarni said, In India, small farmers are deprived of both water and power. Most of them hardly have any irrigation facility. Majority of the small farmers have to depend on rain-fed farming for their livelihood. Their income levels are very low. This innovative model of Integrated Solar Powered Micro Irrigation involving different components such as development of on-farm water source, like farm ponds, solar pumping systems, piping and micro irrigation systems would ensure reliability of water supply and power supply to the small farms. Read more Govt puts Agriculture Sector on Fast Track The Government has taken a number of initiatives to boost agriculture production, develop high quality seeds, increase storage capacity and steps to reach the benefits of various research works from lab to land. Speaking to media persons yesterday, Union Agriculture Minister, Radha Mohan Singh enumerated various initiatives taken by Government since its formation in May 2014. The Government has launched Rastriya Krishi Vikas Yojana (RKVY) to promote use of organic farming and reduce dependence on chemical inputs, the minister said. Read more Growth rates in aggregate deposits drop 13.9 in Mar: RBI The RBIs (Reserve Bank of India) quarterly data on deposits and credit growth showed that growth rates in aggregate deposits and gross bank credit decelerated to 13.9 and 13.8, respectively in March 2014 from 14.2 and 15.1 recorded a year ago. The deceleration in gross bank credit was observed across all population groups whereas deceleration in aggregate deposits was observed only in urban centres, the RBI said. Public sector banks together contributed 74.1 share in aggregate deposits and 73.3 share in gross bank credit followed by private sector banks at 18.7 and 19.4, respectively as of March 2014. ITC to set up dairy plants across 6 states In order to become a pan-Indian dairy entity, ITC Ltd plans to set up dairy plants across six states in India, according to a media report. The first plant is said to be commissioned in Munger, Bihar this year. The other states include Uttar Pradesh, Punjab, Maharashtra, Andhra Pradesh and Telangana, the report added. ITC is already working with 30,000 farms in Munger and creating awareness about best practices in animal husbandry. It has set up integrated centres (Pashudhan Seva Kendra) for delivery of animal husbandry services. The diary products which is expected to be launched first is ghee, followed by milk powder, the report further said. ITC has set up 261 cattle development centres in states like Karnataka, Odisha and Madhya Pradesh. Mallya denies allegations made by United Bank against KFA Kingfisher Airlines Chairman Vijay Mallya strongly denied allegations made by United Bank against KFA (Kingfisher Airlines) today, according to a news on TV channel. Mallya said that Diageo amp Heineken have not raised issue of increasing board seats. He said that excluding alcohol companies from GST will have an impact on financials. He further said that prohibiting liquor will lead to smuggling and spurious production. Kerala prohibiting alcohol will be a retrograde measure, Mallya added. Last week, United Bank had declared Mallya and three directorsA. K. Ganguly, Subhash Gupte and Ravi Nedungadiof Kingfisher Airlines as willful defaulters. The Reserve Bank of India defines a wilful defaulter as a borrower that is able but unwilling to pay, has diverted loan proceeds for other than their initially stated use or has overstated profits to obtain a loan. According to RBI guidelines, once a wilful defaulter notice is issued, the borrower has 15 days to defend himself in front of the bank. Jet Airways introduces daily service between Delhi and Vietnam via Bangkok Jet Airways, Indias premier international airline, announced the addition of two daily flights in its winter schedule to further strengthen its global travel footprint in the ASEAN region. The airline, as part of the hub carrier strategy, plans to increase connectivity to cities in ASEAN region and beyond through its primary hubs in Delhi and Mumbai during its winter schedule. Jet Airways flight 9W 064 will depart Indira Gandhi International Airport in Delhi at 0855 hrs and arrive at Bangkok at 1430 hrs. The flight leaves Bangkok at 1545 hrs to arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 1715 hrs (LT). On the return, flight 9W 063 will depart Ho Chi Minh City at 1815 hrs (LT) and arrive at Bangkok at 1945 hrs (LT). The flight then departs Bangkok at 2050 hrs (LT) to arrive at Delhis T3 terminal at 2359 hrs (LT). The new daily flight from Delhi to Ho Chi Minh City in Vietnam, via Bangkok will be the 22nd international destination on Jet Airways international network. RBI eases norms for ECB lenders to extend loans in rupees The RBI (Reserve Bank of India) has allowed ECB (external commercial borrowings) lenders to now extend loans in Indian rupees to domestic businesses. With a view to providing greater flexibility for structuring of ECB arrangements, it has been decided that recognised non-resident ECB lenders may extend loans in Indian Rupees subject to the following conditions, RBI said in a notification on Wednesday. The lender should mobilise Indian Rupees through swaps undertaken with a bank in India. Read more American Express appoints Manoj Adlakha as CEO American Express has appointed Manoj Adlakha as Chief Executive Officer, American Express Banking Corp. (AEBC), India. In this role, Manoj will be responsible for running American Express proprietary Consumer Card and Prepaid businesses in India, as well as for providing leadership to the AEBC Country Executive Team. He will continue to report to Sanjay Rishi, President, American Express South Asia. Prior to this, Manoj led the American Express Corporate Business. Read more Axis Bank, IDBI may declare Mallya willful defaulter Axis Bank, IDBI Bank and Federal Bank may begin the process of declaring Vijay Mallaya a willful defaulter, according to media reports. Last week, United Bank had declared Mallya and three directorsA. K. Ganguly, Subhash Gupte and Ravi Nedungadi of Kingfisher Airlines as willful defaulters. The company owes banks Rs 7,000 crore. Other public sector banks that are owed money have already begun the exercise. Read more SBI to open over 10 crore accounts SBI on Tuesday said it expects 15 growth in credit off-take during the current financial year, according to a media report. SBI said that the outlook for credit growth remains muted as there has been no traction as far as the credit off-take from the big corporate accounts are concerned, the report further said. Speaking about financial inclusion, SBI said that the bank is planning to open around 10 crore accounts in the coming years. At the later stage, these accounts will have multiple products such as pension, insurance and even loan products, the reports further said. Insurance sector is still attractive to many investors: IRDA Insurance Regulatory and Development Authority chairman TS Vijayan said that insurance industry is attractive to many investors despite many insurers making losses. The IRDA chairman said that the insurance sector needs a lot of trained personnel to cope up with growth. Speaking on the sidelines of a programme by Indian Institute of Risk Management, on Wednesday, Vijayan said about 40 crore life insurance policies create huge potential for data analytics. Vijayan said that the FDI limit from 26 to 49 will be fixed by the government and the IRDAs job is to ensure that regulations are followed by the companies. SEBI plans to reserve 25 of IPO for MFs, insurers The Securities and Exchange Board of India (SEBI) plans to make it mandatory for issuers to reserve 25 of an initial public offering (IPO) for domestic mutual funds and insurers, according to a media report. However, if investors dont subscribe to their portion fully, the IPO could be considered a failure, the report added. According to SEBI, a higher participation of 25 of the issue size or half of that slotted for qualified institutional bidders would enable a fairer valuation. Read more Field staff to enrol outsourced workers: EPFO EPFO (Employees Provident Fund Organisation) has asked its field offices to enroll workers engaged by them through outsourced agencies as members and provide them Universal Account Number (UAN). quot..All field offices must ensure that each worker engaged through outsourced agencies is not only enrolled as PF member but also allotted UAN by KYC details, quot an office order said. quotIt is observed that field offices of EPFO too are engaging workers through outside agenciescontracts..Such agencies should normally be covered under the (EPF) Act, quot it added. EPFO headquarters have asked its over 120 field formations to submit a compliance report in this regard by September 15. Bharti AXA Life launches Elite Advantage Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, one of the worlds largest insurance companies, introduces a unique traditional non-participating plan - Bharti AXA Life Elite Advantage. The plan provides the policyholder with guaranteed regular income payouts with a choice to choose the frequency of the payout (Quarterly, Semi Annual or Annual). Besides the regular payouts the customer also receives a guaranteed lump sum amount at maturity. Sandeep Ghosh, MD amp CEO, Bharti AXA Life Insurance said, Amidst intensifying inflation coupled with rising daily expenditures, Indian households are struggling with inadequate savings. The Indian consumer is looking for investment solutions that supplement the regular household income to meet the ever increasing demands of the family. Bharti AXA Life Elite Advantage is a plan designed for such individuals who desire for a stable income along with long term insurance coverage. Read more HDFC Life launches Life Health Assure Plan HDFC Life, Indias leading long term private life insurance solutions provider announced the launch of its new health insurance product HDFC Life Health Assure Plan, aimed at providing a comprehensive health cover. The plan offers reimbursement of medical expenses incurred in a hospital and is available in two variants Gold Plan and Silver Plan. The plan allows coverage for families on floater cover basis, and provides flexibility to customize the plan with additional coverage options. Read more FM set-up committee to examine un-claimed amount remained in PPF The Union Finance Minister Arun Jaitley has approved the setting-up of a Committee under the Chairmanship of Deputy Governor, Reserve Bank of India(RBI) to examine un-claimed amount remained in PPF, Post Office, Savings Schemes etc and recommend how this amount can be used to protect and further the financial interest of the senior citizens. The Finance Minister, vide para 39 of his Budget Speech 2014-15, had announced that quota large amount of money is estimated to be lying as unclaimed amounts with PPF, Post Office, Savings Schemes etc. these are mostly out of investments belonging to the senior citizens and on their demise, remain unclaimed for want of relevant payment instructionsquot and has proposed to set-up a Committee to examine and recommend how this amount can be used to protect and further financial interest of the senior citizens. Read more SEBI plans to reserve 25 of IPO for MFs, insurers The Securities and Exchange Board of India (SEBI) plans to make it mandatory for issuers to reserve 25 of an initial public offering (IPO) for domestic mutual funds and insurers, according to a media report. However, if investors dont subscribe to their portion fully, the IPO could be considered a failure, the report added. According to SEBI, a higher participation of 25 of the issue size or half of that slotted for qualified institutional bidders would enable a fairer valuation. Read more Brokers to publicise redressal contact details: SEBI In order to strengthen grievance redressal mechanism for investors, SEBI (Securities and Exchange Board of India) has asked stock brokers and other market intermediaries to display in their offices contact details of their CEOs, compliance officers and of the regulatory authorities. quotIt has now been decided that offices of all stock brokers (its registered sub-broker and unauthorized person) and depository participants shall prominently display basic information. About the grievance redressal mechanism available to investors, quot SEBI said in a circular on Thursday. Stock brokers and depository participants would have to provide contact details (email address and phone numbers) of their compliance officers, as also of CEO PartnerProprietor, so that an investor can approach the right authority for his or her grievance redressal, SEBI added. Read more Govt hikes retail investor quota in OFS to 20 The ministry of finance has changed the retail investor quota in the Offer for Sale (OFS) route. All future disinvestments will now have 20 quota for small investors, according to a media report. At present, retail investors quota in OFS is 10, while 30 is reserved for them in the Follow on Public Offer (FPO). Currently, a minimum of 25 of the shares offered are reserved for mutual funds and insurance companies under the offer for sale mechanism. The government has been using the OFS route for disinvestment of PSUs. RBI eases foreign transaction norms for buying govt bonds The Reserve Bank of India (RBI) Thursday said foreign investors can now buy government bonds in secondary markets from mutual funds, banks or other dealers. The RBI, in a notification on quotPurchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside Indiaquot, said foreign investors can buy government bonds through any quotprevalent market practicequot. Read more Reliance, ILampFS separate on Model Economic Township project in Haryana Reliance Industries Limited announced mutual and amicable separation in the agreement for strategic partnership between Reliance Ventures Limited (RVL), a wholly owned subsidiary of RIL and Infrastructure Leasing and Financial Services Limited (ILampFS) to co-promote the Model Economic Township (MET) project of Reliance Haryana SEZ Limited (RHSL). The Model Economic Township project is being developed by RHSL, a wholly owned subsidiary of RVL, in the Industrial Model Township framework. ILampFS became a strategic partner in this project in January 2011. The Model Economic Township project will continue to be developed in the Industrial Model Township framework on the directly purchased land. Development work has been started over 290 acres of land as an Industrial Colony. Some Japanese majors have established their manufacturing units in the MET Project. Tata Powers arm redeems US 450 mn Fixed To Floating Rate Subordinated Notes Tata Power has stated that With reference to the earlier letter dated August 01, 2014, Bhira Investments Limited, a wholly owned subsidiary of the Company, has redeemed US 450 Mn. Fixed to Floating Rate Subordinated Notes on September 02, 2014, as per the notice for early redemption to the Trustee dated July 31, 2014. Tata Power Company Ltd has announced that the redemption has been financed by way of loans raised by Bhira for this specific purpose. Coal shortage to affect power supply in 5 states The northern part of India is facing more than 5,000 MW of power shortage owing to coal stocks drying up, according to the reports of the latest official data. Among the states that would suffer acute shortage of coal and tariff disputes include Gujarat, Haryana, Maharashtra, Punjab and Rajasthan. Adani Power provides power to four sates, while Tata Power provides power to the remaining one state. Reports suggest that one of these power plants, the Adani Power has absolutely stopped its supply to Haryana, citing lack of payment of dues. Tata Powers Coastal Gujarat 4000 MW UMPP certified for Quality and OHSAS Management Systems Indias first Ultra Mega Power Plant, 4000 MW, Coastal Gujarat Power Limited, Mundra, a wholly owned subsidiary of Tata Power, Indias largest Integrated Power Company, announces that it has been certified by the Indian Register Quality Systems (IRQS), Mumbai, with Certificates of Approval for successful implementation of QMS: ISO 9001:2008, EMS: ISO 14001:2004 and OHSAS: 18001:2007 systems on 4th July, 2014. Tata Power strives to achieve industry norms in Management Systems and has ensured continual improvement and innovation across its operations. In line with these objectives, the Coastal Gujarat Power Limited, Mundra successfully integrated QMS, EMS and OHSAS Systems. The Integrated Management System (IMS) Policy was signed on October 1, 2013. In less than ten months, CGPL team successfully integrated all the three systems and completed the Certification Audit complying with all requirements. Indian Solar Industry looks to refocus on growth Mercom Capital Group, a global clean energy communications and consulting firm, released its quarterly market update and revised its Indian solar installation forecast for 2014 to approximately 900 MW. Major developments in the Indian solar market over the last three months have been dominated by general elections, the anti-dumping case and the recent release of draft guidelines for Phase II, Batch 2 of the Jawaharlal Nehru National Solar Mission (JNNSM). Approximately 500 MW of solar have been installed so far this year. Mercom has revised its 2014 forecast slightly - to approximately 900 MW as delays caused by the elections and uncertainty that surrounded the anti-dumping case have slowed installation growth. It appears 2014 will be the third consecutive year solar installations will come in around the 1 GW mark. The Indian government let the August 22, 2014 deadline lapse on the proposed imposition of anti-dumping duties on cells and modules manufactured in China, Taiwan, Malaysia and the Unites States, indicating that there will be no anti-dumping tariffs placed on components imported from these nations. Rural Electrification Corporation to fund Telenganas utilities As per media reports, Rural Electrification Corporation (REC) has assured the Telangana government that it will provide funds to the states transmission and distribution companies for the smooth operation of their power plants. The report added that REC has also agreed to fund the states generation corporation (GENCO) and transmission corporations (TRANSCO). The funding provided by REC is of the tune of Rs. 20,000 crore and would help the energy-deficit state to overcome the deficiency. GMR signs MoU with Japan Bank for International Cooperation During the course of the State visit of the Hon Prime Minister of India Narendra Modis to Japan, GMR Infrastructure Limited signed a Memorandum of Understanding (MoU) on 2nd Sept, 2014, with Japan Bank for International Cooperation (JBIC) for providing financial assistance to Japanese companies investing in Infrastructure projects of GMR Group. The objective of this MOU is to provide low cost long duration financing for infrastructure development projects that involve Japanese companies in development of industrial parks, power, energy, ports, airports, highways and railway projects. Through a framework of this MOU between JBIC and GMR, JBIC intends to promote opportunities for Japanese companies to participate in infrastructure projects. This will serve to improve infrastructure in India and support development of the necessary foundation for Japanese companies business activities in India. Over the next12 months, GMR and JBIC will work on identifying projects to attract Japanese investments. Punj Lloyd in talks to sell 17 to Temasek: reports Singapores state investment company Temasek is in talks with Punj Lloyd to buy its minority stake in super specialty hospital Medanta Medicity, according to reports. Report said that divestment will help the diversified engineering and project management major to deleverage its balance sheet. The deal is expected to complete latest by October, stated reports. Through this transaction, Punj Lloyd is expecting to raise Rs 600-Rs 630 crore. There are reports that company is planning to sell half of its 17 shareholding in Global Health Private Limited. Tata Power aims to transform Kadachimeth village Alstom completes sale of its Steam Auxiliary Components activities to Triton Alstom announces the closing of the sale of its steam auxiliary components business to Triton, a leading European investment firm. The business was sold for an Enterprise Value of around 730 million as part of the non-core asset disposal programme announced by Alstom in November 2013. The corresponding activities, representing revenues in excess of 400 million have been fully separated and transferred from Alstom to the newly founded ARVOS Group, with Triton as new sole shareholder. This includes the transfer of its 1700 employees worldwide. ARVOS will continue to be a major supplier to Alstom, ensuring sustainable quality of service for Alstom and its customers. Arvos has key assets to be a successful company in future, thus giving good prospects to all its employees said Philippe Cochet, President of Alstom Thermal Power. We give them our best wishes, looking forward to continued strong cooperation and a mutually beneficial relationship as we serve our respective customers worldwide. Environment and Progress can go hand in hand: Javadekar Environment and progress can supplement each other and they are not contrary to each other as is general perception. This was the observation of the Union Minister of State (Independent Charge) for Environment, Forest and Climate Change and Information and Broadcasting at the annual convocation of 2012-14 course of the Indian Forest Service Officer trainees of Indira Gandhi National Forest Academy in Dehradun. The Minister exhorted the young forest officers to perform their duty to the society with passion, compassion and integrity. He said the forest cover of India has to be increased from present level of 24 per cent to 33 percent and to achieve it the forest officers will have to be innovative in policy, process and outreach. He said instead of more infrastructure, we need more faculty and the forest officers should come forward andwork as faculty to teach the young officers. The Minister gave away diploma and awards to 78 officer trainees of the 2012-14 batch, including 22 lady officers and 2 officer trainees from Bhutan. This batch consisted of 4 PhDs, 48 Post Graduates and 26 Graduates in different science subjects. The convocation function was presided over by Dr. S. S.Garbyal, Director General and Special Secretary in the Ministry of Environment, Forest and Climate Change. TATA Power Solar awarded solar project under National Solar Mission TATA Power Solar (TPS) has been awarded one of the single largest order in Jawaharlal Nehru National Solar Mission (JNNSM) phase-2 batch-1, for supplying modules for a project by ACME solar. The 20 MW solar power plant, to be constructed by ACME solar has the requirement of 1,00,000 modules, which would contain 60,00,000 cells. This would be manufactured by TPS at their Bengaluru facility. ACME Solar, which is a joint venture between ACME, EDF Energies Nouvelles and EREN, had won projects worth 100 MW of solar power under the bidding process of JNNSM. PM flags off new TCS training initiative in Japan Tata Consultancy Services, the leading IT services, consulting and business solutions firm today announced that it has initiated a new learning program for its trainee graduates in Japan. The Honorable Prime Minister of India, Narendra Modi was the Chief Guest at the inauguration of the TCS Japan Technology and Culture Academy, which is aimed at enhancing the technology and cultural knowledge and understanding between Indian and Japanese IT professionals. The Honble Prime Minister of India flagged off the first batch of 48 TCS Japan trainees who will proceed to India to undergo training for 6-8 weeks at various TCS locations. Apart from increasing their exposure to new technologies, the TCS Japan graduate trainees will learn about quality and other processes as well as business skills. This will be followed by on-the-job training on projects for six months. In April this year, TCS and Mitsubishi Corp announced that they were merging their IT operations in Japan to create a new global scale player in the Japanese IT industry, with TCS having a 51 stake in the new venture called Tata Consultancy Services Japan. Read More Wipro awarded 5 Year Strategic Infrastructure Management Contract by Philip Morris Wipro Ltd, a leading global information technology, consulting and business process services organization, today announced that it has won a contract with Philip Morris International Inc. (PMI). PMI is the leading international tobacco company, with products sold in more than 180 markets. As a part of the five-year agreement, Wipro will provide a full suite of IT infrastructure management services to PMI. The IT infrastructure services will support a host of functions at PMI including management and support of its servers, storage, backup and applications infrastructure. Infosys to provide IT Services to BP Infosys, a global leader in consulting, technology and outsourcing solutions, today announced that it has been selected by BP to provide IT services, in particular Application Support and Development to BP. Infosys was chosen to support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations. The agreement, which is effective September 1, 2014,will provide IT services (in particular Application Support and Development)across BPs operations, including corporate functions, upstream and downstream segments, energy trading and marketing. The agreements geographical scope includes BPs main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore. Infosys, Wipro plans to acquire stake in startups: reports Infosys Vishal Sikka and Rishad Premji as head of strategy at Wipro are reportedly planning to pick up stake in startups. Wipro and Infosys will look at partnerships and buyouts in disruptive technologies, including artificial intelligence and big data, says report. Report says that both companies are looking to scale up their presence in healthcare and retail space. Tech Mahindra signs an agreement with Bombardier Tech Mahindra Ltd. specialist in digital transformation, consulting and business re-engineering announced that it has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier. Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montral region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years. This is a major win for Tech Mahindra, said Lakshmanan Chidambaram, Head North America, Tech Mahindra. Our deep domain expertise in Aerospace and Engineering coupled with the ambition of growing Canada as an Aerospace headquarters will be beneficial for our North American and Global customers. Coal India unions to go on work to rule strike Coal India Ltd said its worker unions would go on a three-day quotwork to rulequot strike from 18th September to 20 September demanding the return of coal blocks allocated by the government to private firms. The strike also aims to withdraw or stop plans to move for further disinvestment in CIL. Stop proposed restructuring of CIL without discussions with five operating CTUs. A quotwork to rulequot strike means that a limited number of miners will attend work with minimum disruption to daily activities. Coal India said in a statement that five unions representing more than 350,000 workers of the worlds largest coal producer will resort to quotwork to rulequot from Sept. 18. They want the government to allocate to Coal India the 218 coal blocks awarded mostly to private firms over the past two decades and ruled illegal by the Supreme Court last month. SC to next hear coal block allocation case on Sept 9 Attorney General Mukul Rohatgi proposed to the Supreme Court on Monday that about 40 of the 218 coal mines it declared illegal should not be taken back from the companies that operate them as they were either producing or were close to producing, says reports. The Attorney General also suggested that cancelling all coal blocks awarded would be inappropriate. At present there are over 46 blocks in operation and not to cancel these blocks. The Rohatgi also told a Supreme Court hearing that the government was open to re-auctioning the coal blocks if their allocations are revoked. The AG said not to refer the matter to a Committee as it delays decision and to decide coal mine fate soon so as to start the auction. Read more Cairn Indias Mangala oil field completes 5 years of operations Cairn Indias Mangala, Indias largest onshore oil field, completed five years of operations on 29th August, 2014. The prolific Rajasthan block, supported by the production from Mangala and other fields, has contributed over Rs 35,000 crore gross cumulative contribution to the exchequer in less than five years of starting operations. Mangala along with Bhagyam and Aishwariya, produces around 1,84,000 boepd. The Rajasthan block is instrumental to countrys energy security. Crude oil production from the block has helped in gross cumulative import bill reduction by Rs119,000 crores ( USD 22 billion) till end of last fiscal year. For a nation that imports about 80 of its total oil requirements, the output from the Rajasthan fields play a significant role in Indias energy security. Today, it accounts for close to 25 percent of the countrys domestic crude production. Indias proposal to split subsidies with oil producers is credit positive: Moodys Last Wednesday, various media reported that Indias Ministry of Petroleum and Natural Gas was seeking to divide the countrys total fuel subsidies equally between the government and the two state-owned upstream oil and gas producers, Oil and Natural Gas Corporation Ltd. (ONGC, Baa2 stable) and Oil India Limited (OIL, Baa2 stable). The producers share would include an oil industry development levy, an existing tax based on their crude-oil production. The plan, if implemented as we expect it will be, would be credit positive for ONGC and OIL because we expect their share of the fuel subsidies to decrease by 36, or around INR220 billion, thereby improving their cash flows and profitability. They currently share the fuel subsidy burden with the government on an ad-hoc basis as decided by the government. If the government pays half of the fuel subsidies, we estimate that ONGCs revenue and operating cash flows would increase by Rs185-Rs195 billion in the fiscal year ending in March 2015, while OILs would rise by Rs10-Rs18 billion. These estimates reflect our expectation that total fuel subsidies will decline to Rs1.0 trillion in fiscal 2015 from INR1.4 trillion a year earlier as diesel prices become fully deregulated over the next few months. ONGC and OIL could use the increased cash flows for investments in exploration and production. Oil Minister may approach forum for deregulation of diesel rates Oil Minister Dharmendra Pradhan reportedly said there were good signals from international market and ministry will approach appropriate forum for freeing of rates. quotWe are getting good signals from the international market. Nothing conclusive as yet though, quot reports Pradhan on the sidelines of event. Pradhan also reported that oil marketing companies review prices of diesel every month and will continue to follow the January 2013 policy fo monthly increase, ONGC says it needs 6-7.15 gas price to break-even: reports State-owned Oil and Natural Gas Corp reportedly said it needs 6-7.15 to break-even on gas it plans to produce from KG basin block. The company reported that it will need a gas price of between 5.25 to 17.80 per mmBtu to break-even on 40.54 billion cubic meters of production. For Krishna Godavari basin KG-DWN-982 block, ONGC said that the break-even price needed is 5.99 per mmBtu. RIL returns nearly 1,384 acre of SEZ land in Haryana Reliance Industries reportedly said it has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ. Reliance Haryana SEZ Limited returned 1,383.68 acres of land in Gurgaon acquired from HSIIDC for setting up SEZs due to revision of strategic priorities, the company was quoted as saying. Report stated thet the JV was established for development of SEZsModel Economic Township (MET) project and other infrastructure facilities in Haryana. Wockhardt drug discovery gets approval by USFDA for two drugs Wockhardt Ltd New Drug Discovery program in Anti-Infective research received a major boost after two of its drugs, WCK 771 and WCK 2349, received the coveted Qualified Infectious Disease Product (QIDP) status from the US FDA. This is the first instance of an Indian Pharmaceutical company receiving a QIDP status. A QIDP status is granted to drugs which act against pathogens which have a high degree of unmet need in their treatment and are identified by the Centre for Disease Control, USA a top US government health and safety body. QIDP status allows for fast track review of the drug application by US FDA paving way for an early launch. Suven Life Sciences secures Product Patents for their NCE Suven Life Sciences Ltd (Suven) announces that the grant of one product patent from South Korea(10-1386354), one product patent from China (CN102639526) and one product patent from Canada (CA 2737282) corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2029, 2029 and 2031 respectively. The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Parkinson and Schizophrenia. India registers biggest fall in real estate prices: IMF In a recent data published by International Monetary Fund (IMF) on the housing prices around the world, India has registered the steepest drop in the real estate prices at 9.1 from the previous year. The data, collected from 52 countries forms the benchmark of the study by IMF. The trend in the housing prices are quite interesting with Philipines topping the charts for the rise in house prices ( 10.6), followed by Hong Kong (10.25) and NewZealand (9.08). India lies at the other end of the spectrum with a drop of nearly 9.1. It fell more sharply that the prices in financially-struggling European markets like Greece which registered 7.01 drop. Out of the 52 countries that featured in the list, 33 countries have witnessed an increase in real estate prices while only 19 countries showed the drop. After a decade long boom, housing prices started falling in 2006, and suddenly we were in the midst of global economic crisis. As the market recovers again, a judicious approach is needed so that history is not repeated again. IMF has also launched a new webpage the Global House Price Watch which would provide users and readers with the latest trends, housing indicators, and data series. PE investment in Real Estate expected to be US2bn by end of 2014: Cushman amp Wakefield Cushman amp Wakefield estimates that Private Equity (PE) investment in Real Estate in India is likely to exceed Rs 12,000 crores (USD 2 billion approx.) by the end of 2014. The second half of the year is expected to be approximately INR 7,900 crores, while the first half of the year saw PERE investments of approximately 4,100 crores. With a few large investments expected in the commercial office sector in H2 2014 we expect overall private equity investments during H2 to be more than double of H1 2014 levels. Private Equity investments in real estate was recorded at Rs 4,100 crores (USD 675 million) in H1 2014 (Jan June 14). The total investment in first half of 2014 was more than double the investment levels in the first half of 2013 (INR 1,650 crores USD 294 million). This is also the highest levels of investments during the first half of the year since H1 2009 (INR 4,950 crores USD 1 billion). The total number of deals in the first half of 2014 increased substantially to 28 compared to 13 in the first half of 2013 even the average deal size increased by 16 to Rs 146 crores (USD 24 million). Tracking Ahmedabad Real estate in PM Modis era: JLL Over the past couple of months, no other Indian state has been talked about as much in the Indian media as Gujarat. Be it about Narendra Modi, former chief minister of Gujarat who is now Prime Minister of the nation or the growth model of the state. This fast developing province has seen the decade-long efforts start to bear fruit in the area of infrastructure development especially in Ahmedabad, the commercial capital of the state. In recent times, the city has become the symbol of the states progress story. The uninterrupted electricity and water supply, the wider roads and the rapid bus transit system have helped Ahmedabad to cement its position as a manufacturing hub. In the past, despite the city being known for its industries, particularly its textile and pharmaceutical enterprises, it did not create a sector-specific demand for real estate, unlike the ITITeS sector did for Bangalore and Pune. Up until recently, the city produced mostly blue-collar jobs and those employed preferred affordable housing, particularly in the unorganised real estate sector. To attract the participation of the organised real estate sector, affordable and well-connected real estate developments were on the checklist of the Ahmedabad Urban Development Authority. The planning resulted in well-rounded growth as Ahmedabad, unlike other cities, did not have any geographical constraints on expansion. Also, the committee refrained from giving any specific city node an undue advantage, due to which capital value appreciation was held in check for many years Modi Govt, Realtors conclave on roadmap for Housing for All 22 Seeking to propel the Prime Minister Narendra Modis ambitious plan to ensure Housing for All by 2022, several Union Ministers, Chief Ministers and officials will actively participate on a two-day national real estate convention to be held in the national capital from September 12, 2014, focusing on a comprehensive roadmap to give a boost to the sector. Supported by the Ministries of Urban Development and Housing and Urban Poverty Alleviation, the event will be hosted by National Real Estate Development Council (NAREDCO). Union Finance Minister Arun Jaitley, who gave a special emphasis on housing in his maiden budget speech, will take into consideration all the suggestions and talk about the governments plan of action. Domestic paint industry to cross Rs 62crore mark by 2016-17: ASSOCHAM Indian paint industry is likely to surge from the current level of about Rs. 40,600 crore to about Rs. 62,000 crore by 2016 witnessing a breathtaking double-digit compound annual growth rate (CAGR) of about 20, apex industry body ASSOCHAM said. The factors that have fuelled the paint industrys growth are the rise in disposable income and education, increasing urbanization, development of the rural market and various launches of many innovative products. As per the ASSOCHAM recent report on Indian paint Industry: 2014 reveals that India is the second-largest consumer of paint in Asia. Top players include Asian Paints, Kansai Nerolac Paints, Berger Paints, AkzoNobel, Nippon Paints and Shalimar Paints, adds the report. The Indian paint industry has seen a gradual shift in the preferences of people from the traditional white wash to higher quality paints like emulsions and enamel paints, said D S Rawat, Secretary General ASSOCHAM. As per the ASSOCHAM findings, the rural market has grown at a rate of around 20 a year (in financial year 2014). Increase in sales outside metros, as rural Indias incremental consumption expenditure is witnessing a handsome growth. The rural sector has a major share of the decorative paints segment. Thus, any benefit to the rural sector for improving the dispensable income is directly co-related to the growth of the paint industry. Besides, decorative paints are marketing savvy products backed by large advertisement campaigns and dealership networks. Read More Flipkart inks MoU with NIFT Flipkart, Indias largest online marketplace, as part of its Abhiyaan Flipkart Kaarigar ke Dwaar announced that it has signed a Memorandum of Understanding (MoU) with the National Institute of Fashion Technology (NIFT), a premier institute of fashion design, management and technology in India. The objective is to handhold students on the convergence of their interests, aptitude and practicality of implementation of ideas and evaluation of the success. The initiative is envisaged to enhance the learning experience of the students and make it market driven, thus changing the paradigm of how education is imparted to students in India. NIFT is already involved with grass root level artisans all over the country, through its Academic Craft Clusters Intervention. The missing linkage was the students having access to the market intelligence, linkage to the market and opportunity to evaluate their capabilities. We believe that this is an extremely relevant partnership and are delighted to be associated with Flipkart and Myntra, which will also give them access to other handloom, apparels, leather and accessory clusters. Flipkarts business model gives them access to a lot of analytical data that will bring alive consumer as well as business trends. Therefore Flipkart is in an extremely authoritative position to impart this knowledge to our students, said Prem Kumar Gera, (IAS) Director General, National Institute of Fashion Technology, Ministry of Textiles, Govt. Von Indien. Read More Essar Group sells Kenya telecom business Essar Capital, the fund manager of Essar Global Fund Limited, which through its portfolio company Essar Telecom Kenya Limited (ETKL),operates the popular yuMobile telecom service in Kenya, today announced the signing of binding agreements with Safaricom and Airtel for sale of its telecom business in Kenya for approximately US 120 million. The divestment will see Safaricom take over ETKLsNetwork, IT amp Office infrastructure while Airtel will acquire the companys subscribers. The transaction has received approval from the Communication Authority (CA) in Kenya, subject to all parties involved in the transaction meeting certain pre-conditions. The transaction will now be filed with the Competition Authority of Kenya (CAK) for approval. Essar Capital expects the transaction to conclude during the fourth quarter of 2014.yuMobile will continue to operate and serve customers offering uninterrupted services. yuMobiles Chief Executive Officer, Madhur Taneja said: We would like to reassure our customers that they will continue enjoying our products and services uninterrupted. We have structured the transaction such that our customers will not need to change their mobile numbers or sim cards, post this transaction. Moreover, we expect that the intended transaction will bring bigger benefits through an expanded product bouquet to the customers. Taneja further expressed his delight that as a part of the transaction, close to 90 of theyuMobiles employees will be absorbed by Safaricom and Airtel. EGFL, together with its partners, invested in ETKL in 2007-2008. The investment led to an upgrade in infrastructure, improved customer service offerings and brought new and innovative marketing strategies to the Kenyan mobile telecommunications market. The divestment of ETKL represents EGFLs second significant portfolio exit in the last few months, following the sale in July of its US-based outsourcing company, Aegis US, to Teleperformance for US 610 million. Online Ad market to reach Rs. 2,750Cr by end of FY14: IAMAI The online advertising market in India is projected to reach INR 2,750 Crore by the end of FY14 with a Y-o-Y growth rate of 30. The overall CAGR for the online advertisement spends in India is 25 from FY2011 to FY2013. The online advertising market was pegged at INR 2,260 Crore by the end of FY13.These are the latest findings of the Digital Advertising in India report, jointly published by the Internet and Mobile Association of India (IAMAI) and IMRB International. The report finds that currently, Search and Display are the top two contributors to the total Digital Advertisement Spends in India. Of the INR 2,750 Crore Digital Advertisement Market, Search ads constitute 38 of the overall ad spends followed by Display ads which contribute 29 and Social Media contributing 13 of overall Digital Advertisement spends. It is estimated that the proportion of spends on Search advertisements will reduce and spends will increase on Email, Video and Mobile advertisements. By the end of 2014, spends on Video ads will grow by a CAGR of 56 and contribute 12 to the overall market share of Digital Advertisements. By 2014, it is estimated that the contribution of Search spends will reduce to 30 of the overall Digital Advertisement spends i. e. contributing INR 825 Cr to the INR 2,750 Cr Digital Advertisement market. Read More Aircel plans to buy back telecom towers sold in 2010: reports Malaysias Maxis-owned Aircel is considering buying back the telecom towers it sold in 2010 to GTL Infrastructure, says report. Report said that Aircel has received shareholder loans of more than Rs 6,000 crore in the last eight months. Aircel sold 17,000 towers to GTL Infrastructure in the first half of 2010 for Rs8,062 crore. Tata Comm CFO Sanjay Baweja quits Tata Communications Ltd has announced that Sanjay Baweja, Chief Financial Officer, will be leaving the organisation to pursue other opportunities. Tata Communications is currently seeking chief financial officer candidates and intends to complete its search in the near future. In order to facilitate an orderly transition, Baweja will continue serving as Tata Communications CFO until November 03, 2014. Bawejas exit from the business is on positive terms. The Company appreciates the tremendous work ethic and professionalism exhibited by him over the last five years and wishes him nothing but success in his future endeavours. BlackBerry announces special offer with Idea 1GB Data Plan BlackBerry in association with Idea Cellular has today announced a special offer on 1GB data plan for its customers using Idea postpaid connections. Idea users with BlackBerry OS 7 devices can now avail BIS 1GB 2G plan at just Rs. 83 per month, with an annual rental plan of Rs. 999-, taxes extra. This scheme on BlackBerry is in line with the companys commitment towards the Indian market to help the brand reach out to a wider base of potential customers using Blackberry touch and QWERTY OS 7 devices and drive greater adoption. BlackBerry smartphones with DataSmart technology enable up to two times more web browsing, four times more email and two times more social networking with fixed data plan. Consumers and enterprise users can avail this special offer for faster browsing, messaging and mails enabling them to experience enhanced, productivity and collaboration on the go. Ashish Gupta, Director Carrier Sales, BlackBerry, India said BlackBerry currently has some of the strongest and most robust enterprise services and solutions in the market having transitioned from the push mail image. BlackBerry Enterprise Server (BES), BES Express, BES 10, BlackBerry Balance and Enterprise Instant Messaging are some of our key servicessolutions specifically designed for the enterprise segment. This offer is specially designed to deliver these benefits not only to consumer but also enterprise users. Read More Rate cut What the ECB did on Sept 4 At Thursdays meeting, the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05, starting from the operation to be settled on 10 September 2014. The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30, with effect from 10 September 2014. The interest rate on the deposit facility will be decreased by 10 basis points to -0.20, with effect from 10 September 2014. Private sector engagement boosts performance of state-owned enterprises: ADB Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises (SOEs), according to a new report by the Asian Development Bank (ADB). Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, was launched by ADB Vice-President Stephen Groff in Apia, Samoa, ahead of the Third International Conference on Small Island Developing States, which opens tomorrow. It was produced by the Pacific Private Sector Development Initiative (PSDI), a regional technical assistance facility cofinanced by the Government of Australia, the New Zealand Government, and ADB. The study reflects ADBs ongoing commitment to economic development in our member countries, an important element of which is continued thought leadership on SOE reforms, said ADB Vice-President Stephen Groff, at the reports launch. Reforming the SOE sector is vital as it improves basic service delivery, reduces the costs of doing business, and creates opportunities for private investment. The study says SOE reforms can bring immediate benefits, as in the Solomon Islands where SOEs showed an average 10 return on equity in 2010-2012, compared to a return of -11 from 2002-2009. The remarkable turnaround is attributed to increased privatization, public-private partnerships, financial restructuring and efforts to place SOEs on a sound commercial footing. In Samoa, SOE privatization has delivered much-needed investment and competition, with notable improvements to service delivery particularly in the telecommunications and broadcasting sectors. Despite these gains, most SOEs continue to be a drag on growth in island economies. The ADB report identifies key strategies to guide future policy on SOEs, highlighting the importance of finding the right balance between public and private sector roles. Read More 1mn people in Somalia face acute food insecurity: FAO The gradual recovery and gains made since the end of the famine in 2012 are being lost as poor rains, conflict, trade disruptions and reduced humanitarian assistance led to a worsening of the food security situation across Somalia. Acute malnutrition increased in many parts of the country, particularly among children. The situation is likely to continue deteriorating further until the start of the Deyr rains in October. The latest findings from a joint assessment by the Food Security and Nutrition Analysis Unit for Somalia (FSNAU), a project managed by Food and Agriculture Organization (FAO) of the United Nations, and the Famine Early Warning Systems Network (FEWS NET), a project funded by the United States Agency for International Development (USAID) and other partners, indicate that an estimated 1,025,000 people will be in Crisis and Emergency (IPC Phases 3 and 4). Read more Saudi Arabia helps FAO respond to the dire state of food security in Iraq FAO is scaling-up critical food and agriculture assistance to highly vulnerable rural households in Iraq thanks to a generous 14.7 million grant from Saudi Arabia. The donation is part of a 500 million grant that the Kingdom of Saudi Arabia has provided to support Iraqis affected by the recent crisis. The funds will mainly be used to respond to the needs of thousands of rural households whose livelihoods depend on cereal crops and livestock and who are currently struggling to survive. quotLosses of both assets and income opportunities are exposing a growing number of poor people to an alarming state of food insecurity, quot said Fadel El Zubi, FAO Representative in Iraq. Read more July Air Freight markets rise strongly: IATA The International Air Transport Association (IATA) released data for global air freight markets showing a strong increase in air cargo in July. Compared to July 2013, freight tonne kilometers (FTKs) rose 5.8. This is an acceleration in growth from June when cargo demand grew at less than half that rate (2.4). The strong growth mirrors positive developments in some key regional economies. After a slowdown at the start of the year, global business confidence and trade are showing signs of improvement again, especially in Asia-Pacific. Global air cargo volumes have now surpassed their previous July peak, in 2010, and look set to continue to increase. European air freight, however, grew just 1.8. This reflects the effects of the Russia-Ukraine crisis (including the impact of mounting economic sanctions), which is adding to economic weakness in the Eurozone. Qatar Airways launching non-stop flights to Cape Town Qatar Airways has announced that commencing November 3, the airline will operate a new non-stop five-times-weekly service between Doha and Cape Town, South Africa. Cape Town, which is currently served three-times-a-week via Johannesburg, is one of the airlines most popular African destinations. Now, thanks to continuous growth of the airlines fleet and increasing passenger demand to the South African city, the airline is offering non-stop services to Cape Town for the first time. With excellent connections to the world via Doha, the new non-stop route will benefit passengers throughout Qatar Airways global network. The route will be operated by Qatar Airways state-of-the-art Boeing 787 Dreamliner aircraft which features 22 seats in Business Class and 232 seats in Economy Class, with the latest interactive inflight entertainment system featuring over 1000 options available in all cabin classes. Bank of England maintains bank rate at 0.5 The Bank of England kept interest rates on hold on Thursday, as Britains economy continued to thrive, although risks remain to the recovery at home and abroad. The BoEs Monetary Policy Committee (MPC) left its bank rate at 0.5, where it has been since the depths of the financial crisis over five years ago. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion, and so to reinvest the 14.4 billion of cash flows associated with the redemption of the September 2014 gilt held in the Asset Purchase Facility. The minutes of the meeting will be published at 9.30 a. m. on Wednesday 17 September. Moodys affirms ICBC Asias ratings outlook is stable Moodys Investors Service, (Moodys) has affirmed Industrial and Commercial Bank of China (Asia) Limiteds (ICBC Asia) long-term and short-term deposit ratings at A2P-1. At the same time, Moodys has maintained the banks bank financial strength rating (BFSR) at C-, which maps to a baseline credit assessment (BCA) of baa2, and changed the outlook on the BFSR to stable from negative. Moodys has also affirmed the banks senior unsecured ratings at A2, subordinated rating at Baa1, senior unsecured MTN program rating at (P)A2, subordinated MTN program rating at (P)Baa1, Commercial Paper rating at P-1, and short-term senior unsecured MTN program rating at (P)P-1. The outlook on all ratings is stable. Read more National Savings Banks proposed senior unsecured notes rated B: SampP Standard amp Poors Ratings Services assigned its B issue rating to the proposed senior unsecured notes of Sri Lankas National Savings Bank (NSB: BStableB). The rating on the notes reflects the long-term issuer credit rating on the bank. The proposed notes will constitute direct, unsecured and unsubordinated obligations of NSB. They shall at all times rank equally among themselves and with all other unsecured obligations of the bank. The rating on the notes is subject to our review of the final issuance documentation. No anti-dumping duty on solar cells In a move that would bring respite to the domestic solar industry, the Government said that it would not impose anti-dumping duties on solar panels imported from China, Taiwan, Malaysia and USA. The Directorate General of Anti-Dumping (DGAD), a statutory body under the Commerce Ministry, had recommended anti-dumping duties ranging from 0.11 to 0.81 per watt of power produced. DGAD said in its report that the imposition of anti dumping duty would help the domestic solar industry. However, Ministry of New and Renewable Energy (MNRE) was against the imposition of the duty, stating that the Indian manufacturers still didnt have enough manufacturing capability for the solar projects in pipeline. India has set an ambitious target under Jawaharlal Nehru National Solar Mission (JNNSM) to implement solar energy projects worth 20GW of grid connected and 2 GW to off-grid capacity by 2022. This has resulted in an investment of billions of dollars by the solar power producers. The imposition of anti dumping duties would have hampered the execution of these projects, since the producers buy the imported solar panels for their better quality than that of their Indian counterparts. Data Center Infrastructure ODMs vs OEMs The traditional server original design manufacturer (ODM) model is changing by directly targeting hyperscale data centers and enterprises. Gartner Inc. forecasts that sales of servers by ODMs directly to customers will account for 16 percent of global x86 server shipments by 2018, amounting to 4.6 billion in revenue. Growth in Web-based business models is driving hyperscale investment. Gartner estimates that the hyperscale segment will contribute 82 percent of the direct ODM server revenue in 2014. Rather than choosing mainstream OEM servers, these customers prefer ODM-supplied servers due to their lower cost, and innovative and efficient design, along with the ability to customize the systems. Read More Success of phishing attacks with 80 of business users unable to detect scams: McAfee McAfee Labs released the McAfee Labs Threats Report: August 2014, revealing that phishing continues to be an effective tactic for infiltrating enterprise networks. Testing business users ability to detect online scams, the McAfee Phishing Quiz uncovered that 80 of its participants failed to detect at least one of seven phishing emails. Furthermore, results showed that finance and HR departments, those holding some of the most sensitive corporate data, performed the worst at detecting scams, falling behind by a margin of 4 to 9. Since last quarters Threats Report, McAfee Labs has collected more than 250,000 new phishing URLs, leading to a total of nearly one million new sites in the past year. Not only was there an increase in total volume, there was a significant rise in the sophistication of phishing attacks occurring in the wild. Results showed both mass campaign phishing and spear phishing are still rampant in the attack strategies used by cybercriminals around the world. Meanwhile, the United States continues to host more phishing URLs than any other country. Red Hat showcases transformative IT at annual Forums in Asia Pacific Red Hat, Inc. the worlds leading provider of open source solutions, today announced details surrounding the annual Red Hat Forum in Asia Pacific. In its fourth year, the forum series will kick off in Kuala Lumpur, Malaysia this September and will continue across the region. This years theme, Transform IT, Transform Your Business, continues the discussion that started at Red Hat Summit in April, in San Francisco, around the simplification of IT and enabling businesses to focus on innovation while becoming more flexible and agile. At each event, key Red Hat executives, customers and partners will share their views and insights on the benefits of open and hybrid cloud solutions and how organizations can continue their open source journey and lead business transformation with IT. Read More Eight Financial Technology startups enter the FinTech Innovation Lab Asia-Pacific More comprehensive analytics for credit analysis, data protection solutions and quantum computing software are among the new innovations from eight financial technology entrepreneurs selected to participate in the 2014 FinTech Innovation Lab Asia-Pacific. The Lab, which was launched by Accenture in June 2014, is a collaboration in Hong Kong between Accenture and leading financial institutions, supported by Cyberport and Airbnb. It is designed to nurture early-stage companies from around the world that are developing new technologies for the financial services sector with a particular focus on the Asia-Pacific region. The eight startups were chosen by leading industry executives from a wide range of applicants and will receive senior-level mentoring to help them develop and commercialize their innovations and connect with potential customers at top institutions. The eight companies selected are: Advanced Merchant Payments, AtCipher, Beijing Wecash Wonder Technology, FinSuite, I Think Security, iDGate, Jocata Financial Advisory amp Technology Services andQxBranch. Read More Sanofi Pasteurs Dengue Vaccine candidate successfully completes Clinical Efficacy Study Sanofi Pasteur, the vaccines division of Sanofi announced that the final landmark phase III efficacy study of its dengue vaccine candidate in Latin America successfully achieved its primary clinical endpoint. Results showed an overall significant reduction of 60.8 percent of dengue disease cases in children and adolescents 9-16 years old after a three-dose vaccination schedule. Importantly, efficacy was observed against each of the four dengue serotypes. Additional observations of the results showed a clinically important reduction by 80.3 percent in the risk of hospitalization due to dengue during the study. The results also showed in the study population an efficacy against dengue haemorrhagic fever (DHF), the severe form of dengue1 which is consistent with the results released from Sanofis phase III dengue study in Asia. Lastly, the results suggest better protection in case of prior exposure to dengue. A full analysis of the efficacy and safety data from the phase III study will be completed and reviewed by external experts before publication in a peer-reviewed scientific journal and presentation at the American Society of Tropical Medicine and Hygiene (ASTMH) Annual Meeting, 2-6 November 2014, in New Orleans, Louisiana, US. Dengue is a threat to nearly half the worlds population and is a pressing public health priority in over 100 countries in the Americas and in Asia.4 A dengue vaccine would represent a major advance for the control of the disease and could be an important tool for reaching the WHOs goal of reducing dengue mortality by at least 50 percent and morbidity by at least 25 percent by 2020. Moodys: UK economic recovery supports stable outlook for UK property Moodys Investors Services said that recent improvements in the UK economic environment should stimulate growth in the UK property and casualty (PampC) insurance industry, supporting underwriting performance despite difficult market conditions and underpinning Moodys stable outlook for the sector. Rising general economic activity is likely to benefit both personal and commercial PampC lines, which are often influenced by economic trends, although interest rates will likely remain low compared with historical average levels, and thus continue to curtail earnings. Notwithstanding a 3 drop in top-lines during 2013, the industrys underwriting performance improved, owing to insurers restructuring, cost-cutting and claims efficiency programmes. quotAlthough tough pricing conditions and declining reserve releases will exert pressure on underwriting profitability, insurers will likely pursue further cost reductions and enhance their underwriting capabilities to maintain profitability over the next 12 to 18 months, quot explains Helena Pavicic, a Moodys Associate Analyst and author of the report. Apple offers price cut on iPhone 5S Apple is offering a price cut on iPhone 5S, says report. Report stated that the company has tied up with online retailers Amazon, Flipkart and Snapdeal to offer discounts on the iPhone 5S. Apple is offering an extra Rs 1,500-2,000 in margins to online retailers, says report. Samsung unveils Galaxy Note 4 Samsung Electronics Co Ltd has unveiled new versions of its Galaxy Note smartphone, says report. Report said that new Galaxy Note 4 features a crisper, 5.7-inch display in a metal frame. The new model offers accessories designed to attract gamers and an improved pen stylus and related software. The Note 4 is key to a recovery by Samsung Electronics, which faced initial derision at the idea of callers holding elephantine screens up to their ears. Apple sold over million iPhones in a year Apple has sold more than a million iPhones in India, according to reports. Report said that Better marketing, and buyback may have worked in Apples favour. iPhone 5S accounted for 45 of all sales. Telecom Italia delays sale of Telecom Argentina stake Telecom Italia and Fintech have agreed, to extend to September 25, 2014, at terms and conditions currently in place, the term of the stock purchase agreement entered into on November 13, 2013, for the sale of Telecom Italias entire direct and indirect controlling interest in Telecom Argentina. IIFL Centre, 2nd Floor, Kamala City, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400 013 E-mail: editorindiainfoline Indias most popular website for business and investing. Copyright 2014, India Infoline Ltd India Infoline takes no legal responsibility for accuracy or completeness of information or advice given. This material is for personal use only. 5 Weekly positional calls In a memorable week on Dalal Street. Nifty galloped past the 8000 mark, in fact the index also managed to cross above 8100 following upbeat first quarter GDP and narrowing current account deficit. India146s economic growth rebounded sharply in the April-June quarter, boosted by manufacturing and services sectors. The economy grew an annual 5.7 in the June quarter, up from the previous quarters 4.6 expansion and 4.7 growth a year earlier. India146s current account deficit (CAD) narrowed sharply to US 7.8bn i. e. 1.7 of GDP in Q1 of 2014-15 from US 21.8bn i. e. 4.8 of GDP in previous year. The lower CAD was primarily on account of a contraction in the trade deficit contributed by both a rise in exports and a decline in imports. An important event to watch out for would be the Supreme Court verdict on the coal block allocation which is scheduled to be held on September 9, 2014. The Apex court had started the hearing on September 1, 2014 on whether to cancel the coal blocks that were allocated by the screening committee between 1993 and 2010, a move which it had termed as unfair and illegal. In addition, July IIP data and Aug CPI data will also be released next week alongwith Aug import amp export data. The wait for a correction seems to be evading the market for a long time. A small correction could always take place but so strong is the sentiment that sector rotation and follow-on buying ensures that the indices remain in good cheer. The India Infoline Weekly Wrap keeps you abreast of the markets and arms you for the markets in the coming week. To access the India Infoline Weekly Wrap, just Click Here Buy Crompton Greaves India Infoline Research Mario Draghi, President, European Central Bank The data that we got in August, both hard and soft, on GDP and inflation, showed that growth recovery was losing momentum. So we decided to strengthen the measures decided in June. More J Suresh, MD and CEO, Arvind Lifestyle Brands Ltd Yash Ved of IIFL provides you the highlights of a media interaction, where J Suresh says Arvinds revenue target from the brand will be Rs 1,000 crore in 5 years. More Sunil Ratnakar Gutte, Joint Managing Director, Sunil Hitech Engineers Not being an industry behemoth with order books of several thousand crores comes as an advantage to us and makes us neutral to recession in several sectors like infra, building construction and power. More Anjani Kumar Gupta, Director, Saraiwwalaa Agrr Refineries Yash Ved of IIFL provides you the highlights of a media interaction, where Anjani Kumar says We are targeting Rs 3,000 crore turnover over the next three years from Rs 2,000 crore in FY14. More Gurpreet Singh, COO-OneDigital Entertainment Pvt. Ltd Replying to Anil Mascarenhas of IIFL, Gurpreet Singh says, We are the distributor of content that we either aggregate or creator and manage the ecosystem to get the most visibility and revenue for our content creators. More Rajiv Bajaj, Managing Director, Bajaj Auto Ltd Yash Ved of IIFL provides you the highlights of a media interaction where Rajiv Bajaj says, quotWe are focusing on retaining value while offering style and performance. Our job is to create new categories. quot. More RB Kabra, President, HSIL Ltd Replying to Anil Mascarenhas of IIFL, RB Kabra says, quotEntry of multinationals and increased international travel has revolutionized the sanitary ware market. There has been change in customers146 attitude and now they are willing to spend on bathroom products. quot. More V Gokul Das, Managing Director, HRS Process Systems Ltd Replying to Anil Mascarenhas of IIFL, Gokul Das says, quotOptimum use of resources with minimal impact on environment has always been our aim. HRS is a 145One-Stop-Solution146 provider for all heat exchange solutions for the process industry. quot. More VS Parthasarathy, CFO, Mahindra and Mahindra Ltd Yash Ved of IIFL provides you the highlights of a conference call, where V S Parthasarathy says quotWe have performed well in this challenging environment. The industry growth has been flat. quot. More MP Taparia, Managing Director, Supreme Industries Speaking with Yash Ved of IIFL, MP Taparia says quotThe Company envisages an average overall revenue growth of about 15 to 20 p. a in over a period of next three years. quot. More Vinod Kumar, Managing Director and CEO, Tata Communications Yash Ved of IIFL provides you the highlights of a conference call, where Vinod Kumar says quotThe Company plans to invest more than US 200 mn towards doubling data centre capacity in India from 500,000 sq. ft. to 1,000,000 sq. ft. over a period of three years. quot. More Vishnu R. Dusad, Founder, CEO and MD, Nucleus Software Exports Limited Speaking with Yash Ved of IIFL, Vishnu R. Dusad says quotThe company announced that its continued focus on strategic investments in RampD and product innovation will remain to be one of its top priorities in the coming quarters. quot. More Hari Prakash Pandey, VP-Finance, Housing Development amp Infrastructure Ltd Yash Ved of IIFL provides you the highlights of a conference call, where Hari Prakash Pandey says quotThe Metropolis and Residency Park Phase II are in near completion stage with possession due in 3rd and 4th Quarter this year. quot. More Sunil Bhatia, CEO amp MD, Blue Star Infotech Replying to Yash Ved of IIFL, Sunil Bhatia says quotWe have a strong sales pipeline in the coming quarters and we are confident reaching Rs. 300 crore mark this financial year. quot. More Gopal Mahadevan, Chief Financial Officer, Ashok Leyland Yash Ved of IIFL provides you the highlights of a conference call, where Gopal Mahadevan says quotThe company expects the economy to recover in the second half of this financial year. quot. More Virendra D. Mhaiskar, CMD, IRB Infrastructure Ltd Yash Ved of IIFL provides you the highlights of a conference call, where Virendra D. Mhaiskar says quotIRB146s Order book stands at approximately Rs. 11,350 crores out of which Rs. 9,400 crores worth of order book is to be executed in the next three to four years. Z. B. More Major (Retired) Madhukar Katragadda, Director, KDJ HolidayScapes amp Resorts Ltd Replying to Anil Mascarenhas and Yash Ved of IIFL, Madhukar Katragadda says quotWe plan to spend Rs. 150 crore in next five year on building and acquiring new resorts. This all will be funded through Debt and internal accruals. quot. More Sunil Agrawal, Chairman amp Managing Director, Vaibhav Global Yash Ved of IIFL provides you the highlights of a conference call, where Sunil Agrawal says quotWe expect to pay down our outstanding debt and emerge as a debt free company by the end of FY15.quot. More Sharad Venkta, Managing Director amp CEO, Toonz Retail India Pvt. Ltd Replying to Yash Ved of IIFL, Sharad Venkta says quotWe are consolidating our business and the entire business is funded through promoters. We have tied up our funds for next 12 months however currently we are open for a strategic partner for the business. quot. More Dr. Ganesh Natarajan, Vice Chairman amp CEO, Zensar Technologies Yash Ved of IIFL provides you the highlights of a conference call, where Ganesh Natarajan says quotThe company has booked and executed excellent business in both applications and infrastructure services in key markets. quot. More Sukanya Kumar, Founder amp Director, RetailLending Replying to Yash Ved of IIFL, Sukanya Kumar says quotThe economic and political stability due to the recently elected government is expected to act as a catalyst for revival and growth of real estate sector. quot. More Vaibhav Singhal, MD amp CEO, Savemax Replying to Yash Ved of IIFL, Vaibhav Singhal says quotWe plan to open 15-18 new stores in Gujarat, Maharashtra, Chhattisgarh, Madhya Pradesh, Delhi, Haryana, Punjab, Uttarakhand and Uttar Pradesh by 2017 with a capital expenditure of around Rs. 300 crore. quot. More Sanjay Mehta, CEO, MAIA Intelligence Replying to Anil Mascarenhas of IIFL, Sanjay Mehta says, quotThe biggest problem for Angel investors is the non existence of a secondary market, where we can trade our unlisted start-up stocks. quot. More Julia Leggett, CEO, True School of Music Replying to Yash Ved of IIFL, Julia Leggett says quotThe recorded music industry in the UK is approx. 7.5bn. India by contrast is at the beginning of its growth phase with non Bollywood music sales at 150m. quot. More Vikas Oberoi, Chairman amp Managing Director, Oberoi Realty Ltd Yash Ved of IIFL provides you the highlights of a conference call, where Vikas Oberoi says quotThe aggregate area booked during the quarter was 67,730 sq ft as against 47,675 sq ft booked in Q4FY14, a growth of Tushar Pradhan, CIO, HSBC Asset Management (India) Private Ltd Replying to Yash Ved of IIFL, Tushar Pradhan says quotWe expect rates to be on quotholdquot till March 2015. This is largely due to the RBI146s stated view that as long as inflation follows the quotglide pathquot to 8 percent, it may not need to hike rates. quot. More Ranjan Sinha, Co-founder and Chairman, MyParichay Replying to Anil Mascarenhas of IIFL, Ranjan Sinha says, quotMyParichay has made talent acquisition a more intelligent process using Social Media, Facebook as a platform to hire and reach out candidates. People are not much active on Linkedin but they do update their Facebook status every day. quot. More R Ramanan, MD amp CEO, CMC Ltd Speaking with Yash Ved of IIFL, R Ramanan says quotThe Company146s software solutions and offerings in embedded systems have found increased traction in Middle East amp Africa and European markets. quot. More Hemang Rawal, Promoter amp MD, Samruddhi Realty Ltd Replying to Yash Ved of IIFL, Hemang Rawal says quotThe outlook for real estate industry post budget looks very positive. In the next 6-8 months, real estate market should look healthy. quot. More Achal Bakeri, Founder, CMD, Symphony Limited Replying to Yash Ved of IIFL, Achal Bakeri says quotExports currently contribute about 15-20 of revenue. Going forward, company is looking to enter new markets and growing its cooler business globally. quot. More Arvind Thakur, CEO and Joint MD, NIIT Technologies Ltd Yash Ved of IIFL provides you the highlights of a conference call, where Arvind Thakur says quotUS geography had a setback when two clients in the BFSI segment scaled down their business impacting overall growth in the region. quot. More Vineet Verma, Executive Director, Brigade Hospitality Services Ltd Replying to Yash Ved of IIFL, Vineet Verma says quotWith the new government146s focus on tourism and direction to create 100 new tourist cities in the country, India should see another hospitality boom in the coming years. quot. More Interview with Rahul Kaswan, Member of Parliament, Bharatiya Janata Party Replying to Anil Mascarenhas of IIFL, Rahul Kaswan says, quotWhat is most important is the 145linking of the rivers146 project. With this, the districts will get plenty of water for irrigation and drinking purposes. quot. More Mohit Goel, CEO, Omaxe Limited Replying to Yash Ved of IIFL, Mohit Goel says quotWe expect the upcoming Budget to kick start the pending reforms in infrastructure and real estate. quot. Mehr