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Showing posts from June, 2018

Delhi's tree cutting plan: Not just bad ecology, but bad math as well

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Recent plans to ‘redevelop’ government residential colonies in south Delhi have been in the news for the wrong reasons. The proposals involve cutting and removal of a majority of the standing trees -- several of which are fifty years old or more -- and have led to questions about how such ‘re-development’ plans are prepared and evaluated. Delhi is one of the greenest capitals in the world, something that makes this city - situated in a semi-arid zone - more habitable. This greenery, however, is distributed unevenly. On the one hand, we have Lutyens Delhi, the city’s greenest area, which has the luxury of large plots with one house set among hundreds of trees. On the other end of the greenery continuum, we have ‘unauthorized’ colonies such as Sangam Vihar, where one tree is surrounded by hundreds of houses. The colonies of Netaji Nagar, Nauroji Nagar, Sarojini Nagar, among others, are relatively green and closer to Lutyens, but the redevelopment plans, if not revised, may push ...

Dhadak' will give really strong social message, says Janhvi

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Actress Janhvi Kapoor, who is gearing up for her Hindi film debut with the forthcoming film " Dhadak ", says that the film gives very strong social message. "Our film is based on a social issue. This film will give really strong social message which is why I feel everyone should watch this film," said Janhvi, in an interaction with media, after she and her co-star Ishaan Khatter visited a local radio station on Thursday to promote the film. Sharing her feelings about the audience's response to the film's recently-released song "Zingaat", she said: "I am feeling really happy that we have received positive response for the song. I understand that most people are attached with Marathi 'Zingaat' song but this song is very important in terms of the storyline and characters of the film "We had so much fun shooting that song so, I hope people will enjoy it while watching it on big screen." Asked what was her fathe...

This 'die-hard' Sanjay Dutt fan wishes he was part of 'Sanju'

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With only a few hours left for the release of Sanjay Dutt 's biopic, Sanju, this Mumbai-based man is all geared up to watch his inspiration's life on a big screen. Sandeep Bacche, who drives an autorickshaw to make ends meet, is touted to be Dutt's biggest fan. He has been driving an auto rickshaw for the past 19 years in Mumbai and provides Free WiFi, STD/PCO, first aid kit, LCD, weather and economy updates to all his customers. However, Bacche considers himself to be Munna Bhai SSC. As fans of the reel-life 'Munnabhai' are in anticipation of watching his biopic, an 'overwhelmed' Sandeep has something more to tell. Speaking to ANI, Bacche said, "I have been driving auto-rickshaw for the past 19 years. My mother got ill in 2001 and nobody helped me except Sanju baba (Sanjay Dutt). I have been a die-hard fan of him since then." Bacche is also bracing up to watch the Ranbir Kapoor -starrer today, with two blind cricketers. ...

Belgium defeats England in Russia and face Japan in last 16 Bel 1 Eng 0

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England vs Belgium : It's wasn't the most thrilling of encounters, but it's certainly been better than a lot of people were expecting. The first time in the tournament refree blew the whistle on exactly 45 minutes. The referee blew his final whistle and confirmed that England has been beaten for the first time since June 2017. England finish second in Group G and will meet a tough last-16 clash with Colombia next Tuesday. England lacked attacking fluidity needed to get the better of Belgium. Adnan Januzaj sealed the win for Belgium in the second half, curling a beautiful shot over Pickford to inflict the first defeat for Gareth Southgate as England manager. The defenders Gary Cahill, Phil Jones and Trent Alexander-Arnold were joined by Danny Welback in making their first appearances of Fifa World Cup 2018 . Somehow, the result is good for England, they'll face either Switzerland or Sweden if they're able to win over Colombia in Last-16.. As f...

Instagram adds group video call, new camera effects to app: How they work

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Instagram , a photo-sharing social media platform owned by Facebook, on June 26 announced a new update that introduces the video chat feature and new camera effects for stories to the app. The new video chat feature enables app users to chat and make video calls, even group video calls, from the Direct. Here is how the new features work: Video chat Now, you can video chat in Instagram Direct, either with just one person or a group. To start a video chat, go to Direct inbox and open any message thread. Tap on the new camera icon, in the right corner, and your friends’ phones will ring. While on the video chat, you can minimise the video and multitask on Instagram to send messages and photos in Direct, browse feed and post a story. The group video chat feature currently allows four people in a group to take part in the chat. You can video-chat with anyone you have an active Direct thread with. If you block a person, they will no longer be able to video-chat you. You can a...

Vivo Nex S, Nex A with pop-up selfie camera to launch on July 19: Know more

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Chinese smartphone manufacturer Vivo is gearing up to launch Vivo Nex S and Nex A in India on July 19. Based on the APEX concept that the company showcased at the Mobile World Congress 2018, both Nex S and Nex A boast an all-screen front, similar to the Xiaomi Mi Mix-series smartphones, dual rear cameras and a motorised pop-up selfie camera. The phones were recently launched in China at CNY 4,498 (around Rs 48,000) and CNY 3,898 (around Rs 40,000), respectively. While both Vivo Nex S and Nex A are identical in terms of design, they are powered by a different breed of processors and have different RAM and storage configurations. The Vivo Nex S is a flagship phone powered by Qualcomm Snapdragon 845 system-on-chip (SoC), paired with 8GB of RAM. It comes in two storage variants -- 128GB or 256GB. The Vivo Nex A, on the other hand, is powered by Qualcomm Snapdragon 710 SoC, paired with 6GB of RAM and 128GB of internal storage. ALSO READ: Vivo X21 review: A worthy mid-range flag...

Tips to become a successful investor

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Many times the worst investment decisions you took were quick reactions to news that looked important. It is usually said that for investing in stocks one needs to be vigilant & hyper active i.e. to keep an eye on all news. But the real job is to ignore information and focus on the goal. Excessive information hides knowledge and prevents understanding. As an investor, one should focus on identifying business that are likely to post huge earnings surprises ahead instead of envisaging solutions for the political arena and world economy. Because world is way too big & complicated to figure out anyway. To Be a Great Investor You Need the Right Temperament: If you strive to achieve good investment returns, you need the right temperament. It is important that you realize temperament is different from knowledge, intelligence, wisdom, and discernment. This includes: • Patience • The ability & willingness to stick to plan while ignoring the crowd • The emotion...

Chartered plane crashes in Mumbai's Ghatkopar, fire engines rushed to spot

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Five persons were killed when an aircraft on a test flight crashed in a crowded Mumbai suburb on Thursday afternoon, police said. Those killed include two pilots and as many flight engineers on board, besides a pedestrian in the Ghatkopar area where it crashed, police said. The King Air C90 12-seater aircraft, which took off from the Juhu airstrip, crashed in the Jagruti Nagar area of Ghatkopar, police said . A team of officials of the Directorate General of Civil Aviation (DGCA) rushed to the crash site for an investigation, an official said. The police, fire brigade and disaster management teams rushed to the spot. Bodies of those killed were taken to the nearby Rajawadi hospital in Ghatkopar, an official said. A fire brigade official said, "Our control room got a call at 1.15 pm informing a plane crash. Our jawans were immediately rushed at the site to launch the rescue operation. Four fire engines and as many water tankers were rushed to douse the fi...

Will Reliance Jio be able to hit 400 million subscriber target by 2020?

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Share Market : It took Reliance Jio just 170 days to hit the 100 million subscriber mark since its launch in September 2016. But it took the company 15 months to grab the next 100 million, according to sources. Fighting a bitter battle with older telcos, the company reached the 200 million milestone in the middle of May this year. And, they are in a neck and neck battle with Bharti Airtel, which added a similar number of subscribers as Jio in the 15 months through a combination of new customer additions as well as the acquisition of rival telcos including Telenor (36 million) and Tata Teleservices (29 million, pending government nod). Despite the bruising price war, the Vodafone-Idea combine also added 38 million customers during this period. Clearly, all the big boys grabbed customers from the smaller players — Aircel, Reliance Communications, TTSL, and Sistema — whose share of the pie fell by half from 33 per cent in February 2017 to 16 per cent in April 2018. With T...

JSW Steel to invest Rs 75 bn in Karnataka to expand Vijayanagar facility

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Market : JSW Steel is investing around Rs 75 billion in Karnataka to expand the capacity of its manufacturing plant in Vijayanagar, Ballari, apart from setting up a new coke oven plant. The expansion would enable the company to increase the capacity of the plant to 13 million tonnes per annum (mtpa) from 12 mtpa by March 2020, the Sajjan Jindal-led company said. JSW Vijayanagar Works is the largest single location steel manufacturing unit in India. "The new capacity creation at JSW Vijayanagar Works steel manufacturing unit supports our company's growth plans while further improving the efficiency of our manufacturing operations," said Vinod Nowal, deputy managing director, JSW Steel. "With steel consumption in India expected to grow, these capacity enhancement initiatives will ensure our readiness to promptly service emerging customer demand." The company said it would set up a 1.5 mtpa coke oven plant at Vijayanagar to bridge the current and ex...

PNB scam: ED to start extradition process for Nirav Modi after court's nod

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Market : A special court in Mumbai on Tuesday allowed the Enforcement Directorate's (ED's) plea seeking extradition of fugitive billionaire jeweller Nirav Modi in a money laundering case related to the $2 billion Punjab National Bank (PNB) loan fraud. Judge M S Azmi allowed the central agency to initiate the extradition process. ED counsel Hiten Venegaokar said the order would be sent to the Ministry of External Affairs, which would forward it to the UK government. ALSO READ: PNB scam: Nirav Modi lived above his jewelry store in London, says report The agency had moved the extradition application on Monday. The ED is understood to have sought Modi's extradition from the UK, Belgium, and a few other countries, on the basis of a recent charge sheet filed by the agency under the Prevention of Money Laundering Act. The court had last week issued a non-bailable arrest warrant against Nirav Modi after taking cognisance of the charge sheet. Check Pun...

HCL signs pact to acquire IT firm H&D Group to expand presence in Germany

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Stock Prices : HCL Technologies on Wednesday said it has signed an agreement to acquire Germany-based IT and engineering services provider, H&D International Group, to help expand its presence in the European nation. The company, however, did not disclose the acquisition price. "This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company's domain expertise in the global automotive sector," HCL said in a statement. H&D is one of the largest IT service providers in the German automotive industry and operates in over 20 locations globally including Germany, the US, the Czech Republic and Poland. It specialises in IT infrastructure, application services particularly in R&D IT and has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development. H&D's existing delivery centre in Gifhorn, Germany, will ...

Fortis Healthcare Q4 loss widens to Rs 9.3 bn, firm starts recovery process

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Market : Fortis Healthcare Ltd (FHL) declared its financial results for the fourth quarter and financial year 2017-18 in the wee hours of Wednesday after deferring it thrice since May. The hospital chain, which is in the process of finding a buyer or investor, posted a net loss of Rs 9.32 billion in Q4FY18, as against a loss of Rs 680 million in the corresponding quarter last financial year. The losses were primarily on the back of an exceptional loss of Rs 8.33 billion. The company said in its statement to the exchanges that the results were impacted by continuing business challenges, impairments, and provisions. The revenues, too, fell by 3 per cent year-on-year for the fourth quarter to Rs 10.8 billion, while the earnings before interest, tax, depreciation, and amortisation (Ebitda) fell 11 per cent to Rs 750 million. The FY18 consolidated revenues stood at Rs 45.61 billion, similar to the previous year, while the losses for the full year stood at Rs 10.09 billion. The c...

NDTV surges 20% as Sebi orders Vishvapradhan Commercial to make open offer

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Stock Market : Shares of NDTV are locked in upper circuit of 20% at Rs 39 on the BSE in early morning trade on Wednesday, after the Securities and Exchange Board of India (Sebi) on Tuesday passed an order asking Vishvapradhan Commercial Pvt Ltd (VCPL) to make an open offer for the company. Till 09:25 am; a combined 160,893 shares changed hands on the counter and there were pending buy orders for 462,932 shares on the BSE and NSE. “ The order noted that VCPL had acquired indirect con trol through a loan agreement in 2009, which would have necessitated an open offer at the time. The regulator has now asked for this open offer to be made with interest,” Business Standard reported. Meanwhile, the Bombay High Court on Tuesday directed the Reserve Bank of India (RBI) to consider the compounding applications filed by news organisation NDTV in a case of alleged violation of the Foreign Exchange Management Act (FEMA). “ The Bombay High Court has today directed the Reserve B...

Bihar board 10th result 2018 on biharboard.ac.in: 68.89% pass; toppers list

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BSEB Class 10 result 2018 : Bihar School Examination Board (BSEB) announced the Bihar Class 10 Matric Result 2018 today on its official website biharboard.ac.in or biharboardonline.bihar.gov.in. Bihar School Examination Board (BSEB) announced the Bihar matric results at 4:40 pm on Tuesday (26 June 2018). 68.89 per cent students qualified for higher education. On June 19, BSEB Chairman Anand Kishore held a press conference and confirmed that the Bihar 10th board result will be announced on June 26. Bihar board class 10th students will also be able to check their Matric results on third-party websites such as bihar.indiaresults.com and examresults.net. There has been speculation about the Bihar 10th result date since May, and the Bihar board has since released results for its 12th class exams, with only the Matric results remaining. Earlier, the Bihar Board Class 10th results was postponed from 20th June to 26th June, after a news surfaced that Class 10th answer sheets were m...

JMC Projects surges 10% on orders win worth Rs 19.66 billion

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Market News : Shares of JMC Projects (India) have moved higher by 10% to Rs 579 per share on the BSE in intra-day trade after the company said it has secured new orders worth Rs 19.66 billion. “ JMC led consortium has secured two turnkey projects under Micro Lift Irrigation Scheme worth Rs 26.50 million from Narmada Valley Development Authority (NVDA) in Madhya Pradesh. The share of JMC in these projects is around Rs 16 billion,” the company said in a press release. The company secured second order worth of Rs 3.66 billion for the construction of township for National Mineral Development Corporation (NMDC) in Chhattisgarh, it added. Commenting on securing new orders, S. K. Tripathi (CEO & Dy. Managing Director) said, “the water projects being low capex oriented will help us further augment our return ratios. Overall, our robust and well diversified order book gives us confidence to deliver on our growth targets of 15-20% for financial year 2018-19.” The stock h...

Tata Motors, Motherson Sumi, NBCC, BEL, Century Textiles hit 52-week low

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Market : Shares of Tata Motors, Motherson Sumi Systems, NBCC, Bharat Electronics (BEL), Century Textiles Industries, NHPC, NTPC, Rural Electrification Corporation (REC) and UPL were among 12 stocks from the S&P BSE 200 index that hit their respective 52-week lows on the BSE on Tuesday. The public sector banks like Bank of Baroda, Bank of India and Union Bank from the index, too, touched 52-week lows in intra-day trade today. According to PTI report, top officials of 11 state-owned banks will appear before a parliamentary committee today to apprise its members of the bad loan issues and rising fraud cases in the banks. Tata Motors was down nearly 3% to Rs 282, extending its previous day’s 6% fall amid concerns over auto tariff threat by the US. The stock of Tata Group Company was trading at its lowest level since February 12, 2016. US President Donald Trump on Friday threatened to slap a 20% duty on all cars imported from Europe unless the European Union removed its...

Bharti Airtel announces senior leadership appointments for its B2B unit

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Stock Market :Country's top telecom operator Bharti Airtel has announced senior leadership appointments for its B2B unit. Ajay Chitkara has been appointed as Director and CEO, Airtel Business to spearhead the domestic and global enterprise business as one unit. Chitkara will continue reporting to Gopal Vittal, MD and CEO, Bharti Airtel. Airtel also announced the appointment of Pankaj Miglani as CEO - Global Business. Miglani will report to Ajay Chitkara. In his previous role, Miglani was CFO, Bharti Infratel and played a key role in the company's IPO in 2012. Chitkara has been with Airtel since 2001 and is credited with building brand Airtel in the global wholesale segment. In his previous role as Director & CEO, Global Business and Nxtra, he was responsible for creating business strategies for Carriers, Global Enterprise and OTT segments, and implementing them globally through the regional teams. Under Chitkara's leadership, Global Business grew in topline ...

Videocon, Gitanjali Gems among 430 stocks trading below their face value

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A sharp correction in small-cap stocks over the past few months has pushed 430 actively traded stocks on the Bombay Stock Exchange (BSE) below their respective face value, as compared to 336 scrips at the beginning of calendar year 2018 (CY18). Gitanjali Gems, Videocon Industries , Jai Balaji Industries, GTL, Orchid Pharma, IVRCL, Jaypee Infratech, PBA Infrastructure, Gammon Infrastructure Project, Tantia Constructions, ABG Shipyard, Shilpi Cable Technologies, Hindustan Dorr-Oliver, Andhra Cements, Burnpur Cement and Tree House Education are some of the prominent stocks quoting below their respective face value. Thus far in CY18, both the S&P BSE Small-cap and the S&P BSE Midcap indices have underperformed by falling 15 per cent and 12 per cent respectively, as compared to four per cent rise in the S&P BSE Sensex. Gitanjali Gems, Diamond Power Infrastructure, KSK Energy Ventures, IVRCL and Jaypee Infratech from the S&P BSE Smallcap and S&P BSE 500 in...

Bajaj Finance surpasses Axis Bank in market-cap ranking

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Market News : Bajaj Finance, which hit a new high of Rs 2,330, up 3% on the BSE in late noon deal on Friday, has surpasses private sector lender Axis Bank in market capitalisation (market-cap) ranking. At 02:37 pm; with market-cap of Rs 1,345.85 billion, Bajaj Finance, the non-banking finance company, overtook the Axis Bank, which has market-cap of Rs 1,340.18 billion, the BSE data shows. Axis Bank was trading 2% higher at Rs 522, as compared to 0.37% rise in the S&P BSE Sensex. Thus far in the calendar year 2018 (CY18), Bajaj Finance has outperformed the market by surging 33% as compared to 4% rise in the S&P BSE Sensex. Axis Bank has underperformed the market by falling 8% during the period. Currently, Bajaj Finance stood at number 18 position in overall market-cap ranking, has climbed 11 positions thus far in CY18. It surpassed Power Grid Corporation, Asian Paints, Bharat Petroleum Corporation, UltraTech Cement, Vedanta, HCL Technologies, Tata Motors, Hindus...

Tata group profit rises 35% under Chandra; importance of TCS, JLR declines

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Market : In the first full financial year under Chairman N Chandrasekaran, the adjusted net profit of listed Tata group companies rose 35 per cent in 2017-18 against a 0.5 per cent decline in the previous year. Group revenues, too, were up 9.2 per cent, growing at the fastest pace in the last four years. Tata Steel was the star performer in 2017-18, with revenue from the domestic business rising 23 per cent last financial year. Its impact at the net profit level was significant — if Tata Steel were to be excluded, the net profit growth of the group would have been 10.3 per cent. On the other hand, the group's two traditional cash cows, Tata Consultancy Services (TCS) and Tata Motors' subsidiary Jaguar Land Rover (JLR), are slowing as other businesses pick up pace. Besides steel, the group’s domestic consumer businesses have helped in improving revenue and profits. The analysis is based on the annual financials of the Tata group's listed non-financial compan...

Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities

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Stock Market : By the end of July Aditya Birla Finance Limited (ABFL) will be present in 50 cities (Tier I, II and III) across the country, growing from tapping 70 per cent of small-medium enterprises’ (SMEs) demand for credit, at present, to 85 per cent of the SME credit pool. The company has grown its lending book by 25 per cent to Rs 432.4 billion at the end of FY2018, with 27 per cent of ABFLs credit products being sold to SMEs. “ The biggest challenge is to have a uniformity in terms of quality, culture and risk management across all our branches. Our biggest strength is that we strive our best to maintain this uniformity,” says Rakesh Singh, chief executive officer at ABFL. Large corporates make up 33 per cent of ABFLs lending book, followed by mid-corporates at 17 per cent and retail customers at 11 per cent. The company sees the SME segment as the primary engine of growth over the coming years. “ We believe the license to grow in the lending business comes fro...

YouTube's new move for creators will help them earn money: Here's how

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YouTube , often criticized for not compensating creators well enough, will allow them to set up paid channel memberships, the company said on Friday. Currently, the vast majority of revenue at the Google-owned service comes from advertising and that will remain a focus, said Neal Mohan, YouTube's chief products officer. "But we also want to think beyond ads. Creators should have as many ways and opportunities to make money as possible," he said. ALSO READ: Instagram does a YouTube, launches IGTV app for hour-long vertical videos Viewers will pay $4.99 a month for channel memberships giving them access to exclusive content including livestreams, extra videos or shout-outs on channels with more than 100,000 subscribers. Creators will also be able to sell merchandise like shirts or phone cases directly on their channels, the company said. YouTube returns a small part of its advertising revenue to content creators who regularly accuse the platform of...

Smartphone play: Flipkart dominance continues with 54 % share in Q1

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Smartphone play According to research firm Counterpoint, e-commerce channels captured a record 38 per cent share of the total smartphone channels during first quarter of 2018, driven by exclusive online launches and strong promotions during the latter part of the quarter. The e-commerce segment grew faster than the offline segment during first quarter of 2018. Flipkart continues its dominance in the online smartphone market with 54 per cent share while Amazon holds second place with 30 per cent followed by Mi.com with 14 per cent. Close to 30 exclusive smartphone models were ... Readmore

Instagram does a YouTube, launches IGTV app for hour-long vertical videos

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Aiming to take on Google-owned YouTube, popular photo-sharing platform Instagram announced it would allow users to upload videos up to one hour in length, up from the previous one-minute limit, adding that it has hit the milestone of one billion users worldwide. "We launched IGTV (a button inside the Instagram home screen, as well as a standalone app) at an event featuring many of the Instagram creators who'll make it great," the company wrote in a blog post late on Wednesday. Not just celebrities, IGTV will let all users be a creator and let them upload vertical videos through Instagram's app or the web. ALSO READ: New update allows users to access Instagram and FB content within WhatsApp "It is a new app for watching long-form, vertical video from your favourite Instagram creators, like LaurDIY posting her newest project or King Bach sharing his latest comedy skit. While there's a standalone IGTV app, you'll also be able to watch fr...

Xiaomi to launch Redmi 6, Redmi 6A, Redmi 6 Pro in India by Sept: Report

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Chinese smartphone manufacturer Xiaomi is gearing up for the India launch of the Redmi 6, Redmi 6A and Redmi 6 Pro in September, according to a report in mysmartprice. While the Redmi 6 and Redmi 6A were recently unveiled in China, the Redmi 6 Pro will be launched in Xiaomi’s home country on June 25. The Redmi 6 and Redmi 6A are budget smartphones with 18:9 aspect ratio screen. The Redmi 6 Pro, on the other hand, is expected to be company’s first budget device with notch-based screen. In terms of specifications and features, the Redmi 6 Pro is expected to sports a 5.7-inch fullHD+ 19: aspect ratio screen. The Qualcomm Snapdragon 625 could be the choice for system-on-chip (SoC), paired with either 2GB or 3GB of RAM and 16GB and 32GB of internal storage –– expandable via microSD card. However, considering that both the Redmi 6 and Redmi 6A are powered by MediaTek chipset, there is a possibility the Redmi 6 Pro may also get MediaTek processor. ALSO READ: Xiaomi Redmi Y2 revie...