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Showing posts with the label news

Maruti Suzuki joins hands with Indian Bank for car loans

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  Maruti Suzuki  India (MSI) on Wednesday said it has joined hands with  Indian Bank  to facilitate easy finance for customers. As part of the partnership, the company's customers can avail the loan benefits in over 5,700 plus branches of  Indian Bank  at metro, urban, semi-urban and rural locations. Maruti Suzuki  customers, under this exclusive scheme, can avail loans up to 90 per cent of the on-road price of the car besides getting benefits of zero processing charges, free accidental insurance cover up to Rs 30 lakh, free fastag and repayment tenure up to 84 months on their loans. The scheme is open till June 30 2022. "About 80 per cent of retail sales in the automobile industry happen through financing and to enable our customer's car-buying decisions,  Maruti Suzuki  has initiated several partnerships with banks & NBFCs across the public and private sectors. It is our firm belief that this partnership with  Indian Bank ...

Reliance, Viacom18 partner with Bodhi Tree to form TV, streaming platform

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  Reliance and Viacom18 on Wednesday announced a strategic partnership with Bodhi Tree Systems -- a platform of James Murdoch's Lupa Systems and Uday Shankar -- to form one of the largest TV and digital streaming  companies  in India. Bodhi Tree Systems is leading a fund raise with a consortium of investors to invest Rs 13,500 crore in Viacom18, to jointly build India's leading entertainment platform and pioneer the Indian media landscape's transformation to a "streaming-first" approach. Viacom18 is amongst the leading players in the core linear television business with 38 channels across nine languages and a pan-India presence. The transaction is expected to close within six months and is subject to closing conditions and requisite approvals. Reliance Projects and Property Management Services, a wholly-owned subsidiary of  Reliance Industries  which has significant presence in television, OTT, distribution, content creation, and production services, wil...

LIC policyholders likely to get Rs 60 discount on shares, IPO opens May 2

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The Centre is learnt to have set the price band for the initial public offering (IPO) of Life Insurance Corporation of India (LIC) at Rs 902-949 a share, and may offer a discount of Rs 60 to the policyholders. Retail investors and the employees of LIC, on the other hand, may get a discount of Rs 45 on subscribing to the shares of India’s largest insurer, a senior government official said. The board of LIC has approved the discount to be offered to the three categories, reservations for policyholders and employees, and the issue dates, the official added. The government may sell 221.3 million shares, or 3.5 per cent stake, in LIC through the offering. This would help the government garner Rs 21,000 crore, valuing the insurer at Rs 6 trillion. The Securities and Exchange Board of India has approved the reduction in the issue size, the official said. An exemption on lowering the issue size was required from the market regulator as the existing guidelines mandate a minimum offering o...

Maggi noodles completely safe for consumption: FSSAI CEO Pawan Agarwal

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Business Standard : The Food Safety and Standards Authority of India (FSSAI) said on Thursday that Maggi noodles was completely safe for consumption. FSSAI CEO Pawan Agarwal told Business Standard that all the test reports on Maggi noodles, since its re-entry into the domestic market, had found it to be fit for consumption. “ Nestlé India has been regularly conducting and submitting test reports on Maggi as per self-compliance procedure. There have been no negative reports on Maggi since it was re-launched," he said. News digest: Maggi row, cash-rich promoters, fiscal deficit target and more Maggi fiasco returns to haunt Nestle India as SC revives class action suit More than three years after the Maggi ban, the ghost of the 2015 fiasco seems to be back to haunt Nestlé India, the maker of Maggi noodles . The Supreme Court on Thursday revived a class action suit filed by the Union government against the Swiss food major for allegedly selling noodles that were u...

Tata Sons to sell $1.2-bn worth TCS shares in Rs 2,872-Rs 2,925 price range

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TCS India's Tata Sons is set to sell on Tuesday a roughly 1.5 percent stake in its flagship Tata Consultancy Services for about $1.25 billion. Tata Sons, which owned 73.5 percent of TCS as of end-December, is selling TCS shares in a price range of Rs 2,872 to Rs 2,925 each, according to a deal term sheet. That would be a discount of 4.2 to 5.9 percent to TCS's Monday closing price of Rs 3,052.15. TCS, the top Indian software services exporter, is the second-most valuable company in the country with a market capitalisation of close to $90 billion. Citigroup and Morgan Stanley are managing the TCS share sale. Click Here To know More - TCS

Resul Pookutty 'sound mixing' wins Oscar | Business Standard News

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Sound engineer Resul Pookutty became the third Indian to bring Oscar glory for India by winning the award for sound mixing in "Slumdog Millionaire" here today. "I dedicate this award to my country. This is not just a sound award but a piece of history that has been handed over to me," a beaming and emotional Pookutty said while dedicating the trophy to a billion Indians. "I come from a country and civilisation that gave the world the word that precedes silence and is followed by more silence. That word is 'Om'. So I dedicate this award to my country," said Kerala-born sound technician. Pookutty shared the honours with colleagues Ian Tapp and Richard Pryke. "This is unbelievable. I share the stage with two magicians, who captured the noise and cacophony of Mumbai to create the soul stirring artful sound of 'Slumdog Millionaire'," he said. Pookutty has won a BAFTA and a more recent Cinema Audio Society (CAS) awards for b...

Valentine's Day blossoms in India, former protesters have change of heart

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As India outfits to stamp Valentine's Day today, past dissidents to this 'horrendous import from the West'- seem to have turned nonpartisan, and even thoughtful, to the possibility of Valentine's Day. While it may take a while for the love breeze from the upscale boulevards of south Bombay to movement to the insides of Madhya Pradesh, you can't deny another breeze is blowing in India this present Valentine's Day. When you don't know whether something is correct or not, you are in an ethical problem. When you don't know whether you are battling something or not, you could call it a squabble difficulty. That is the thing that some Hindu conservative gatherings appear to be in as India plans to observe Valentine's Day, which, in the contemplations of challenge gatherings, is an appalling import from the West to degenerate the country's youths. Be that as it may, unavoidable trends are blowing, as past nonconformists – at any rate some of them...

Record 87.9 million mobile phones shipped to India in Oct-Dec: CMR 

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Indian market saw a record cell phone shipment of 87.9 million units in October-December 2017, says a CyberMedia Research report. "Portable handset sellers dispatched 88 million versatile handset units in the final quarter of 2017. For the whole year, portable handset sellers have sent around 287 million versatile handset units in India," the CMR report said. The assessments by the exploration firm demonstrate that Samsung remained the general pioneer for 2017 with 21 for every penny piece of the overall industry, trailed by iTel and Xiaomi with 9 for every penny piece of the overall industry each. Amid the quarter, Reliance Jio's LYF finished in the element telephone section with 27 for every penny share. It was trailed by Samsung with 14 for each penny share, Micromax 9 for each penny, iTel 8 for every penny and Lava 6 for each penny share. Xiaomi drove the cell phone fragment with 25 for every penny share. It was trailed by Samsung with 21 for every penny ...

Looking at Ulips due to LTCG tax? Mutual funds still the best long-term bet 

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From April 1, a merchant of unit-connected protection designs (Ulips) will have the capacity to make a more grounded pitch to the potential client – no long haul capital additions (LTCG) assess on contributing. The Union Budget 2018 has forced a LTCG expense of 10 for each penny on financial specialists in securities exchanges who offer their offers following one year. Notwithstanding, it has kept protection items out of the ambit of this duty. Furthermore, this could prompt more mis-offering in Ulips. At show, Ulips have three things going for them. One, a powerful securities exchange. Two, there are more protection than shared store operators who can push Ulips, and now, the assessment arbitrage. What's more, given that protection specialists are paid altogether higher commissions, there could be a race to push these items. "When you convey the correlation down to Ulips versus common assets (MF), actually a buyer will take a gander at both, and there are countless a...

Power walking: The new-age miracle workout that takes only 30 minutes a day

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Health The greatest wellbeing myth a large number of us accept is that remaining fit takes a considerable measure of time, cash, and exertion. Indeed, even in the wake of agreeing to accept a costly work-out arrangement and rec center participation, individuals for the most part battle to get fitter since they think they have to do 'a great deal' to accomplish balanced outcomes. That is not valid. Certain new-age works out, give finish body exercise and take under 30 minutes daily to convey extraordinary outcomes. Power strolling is one such choice. It is a universally acclaimed and logically demonstrated type of finish exercise, that can be as viable as running. It fortifies muscles, overseeing weight and decreasing pressure. This escalated type of strolling requests more misrepresented and controlled body development to accomplish the inside and out outcomes. It requires the two arms to be kept at a 90-degree edge with a forward and backward development while strolling a...

Strong CV business, robust exports offset domestic weakness for Bajaj Auto 

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Bajaj Auto Bajaj Auto was the greatest washout among Sensex organizations on Friday: Disappointing profit, combined with general offering weight in the business sectors, saw the stock shed 4.9 for every penny. While its best line execution for the quarter finished December 2017 was in accordance with gauges, the organization baffled both at the working and net benefit levels. To begin with, the volume execution. The organization is trailing its associates similarly as cruiser volumes are concerned. Bajaj Auto's household bike deals became only two for every penny throughout the year-prior quarter, while peer TVS Motor announced a 27 for each penny increment in a similar period. Investigators at Jefferies said that underperformance in residential cruisers proceeded in the December quarter and remains an auxiliary worry for Bajaj Auto. While the organization keeps on doing admirably in the passage level portion with the CT and Platina models, offers of which are up 19 for ea...

Beijing inches closer to becoming the world's busiest airport 

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Airport Beijing crept one bit nearer to taking the crown for the world's busiest air terminal. As the positions of the Chinese working class swell and more individuals take to the skies, traveler movement at Beijing's worldwide air terminal rose to another record of 95.8 million a year ago. This expansion at the world's second-busiest air center - at any rate the fifth straight year of additions - has enabled Beijing Capital International Airport to limit the hole with top-put Hartsfield-Jackson Atlanta International Airport, whose traveler numbers fell in 2017. Getting Closer Beijing's traveler movement making up for lost time to Atlanta, the busiest airplane terminal China is conjecture to surpass the U. S. as the world's greatest air-travel advertise when 2022. To adapt to the surge in fliers, Beijing is building a $12.9 billion super air terminal in a southern suburb that is planned to open one year from now. It would oblige upwards of 100 million...

Google releases new VR 180 with cameras capture 360-degree footage

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Virtual reality (VR) devices are still mostly purchased by a niche market: gamers. Google wants to change that. The Alphabet unit released a new VR headset with Lenovo Group on Tuesday, along with specialised cameras to support the technology. Google showed off the new headset, dubbed Mirage Solo, at the CES consumer electronics conference in Las Vegas. It has features from high-end VR devices, like displays that don’t blur as the wearer moves around, and doesn’t need to be tethered to a PC. Those shortcomings have been a major hurdle to broader VR adoption. Google’s new cameras are meant to address another handicap. The devices, called VR180, are built to encourage people to capture 360-degree footage that can be viewed on VR devices. So far, the media library for VR is relatively thin, due to the high costs of shooting and creating content. “ Watching VR180 gives such a strong sense of presence that it’s almost like having a time machine that lets you be there al...

Facebook to enter hardware business; may launch video chat device 'Portal'

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In a reported bid to enter the hardware product market, Facebook is planning to launch a home video chat product titled "Portal" in May that will compete with Amazon's Echo Show and Google Assistant-enabled touchscreens. According to a report by online news network Cheddar on Wednesday, "Portal" will be the first finished hardware product from Facebook's secretive Building 8 lab and may see the light of the day in May -- the time when Facebook organises its annual F8 developer conference. The report claimed that Facebook plans to sell the device for $499 through pop-up stores as well as online. "Portal" is seen as a competition to Amazon Echo Show and four Google Assistant-powered smart speakers that were launched at CES 2018 this week. The four new smart displays include devices made by Sony, Samsung-owned JBL, LG and Lenovo. These devices feature a touchscreen that can be used to display visual information to accompany i...

Apple, Android or Windows: Why smartphones, laptops face 'hacking' risks

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Less than a week into 2018 and we may have already seen the year’s biggest technology story. Researchers have identified a security flaw in the computer processors made by three of the world’s biggest chip designers, Intel, AMD and ARM, and a second flaw in Intel chips. This means that almost every smartphone , tablet, laptop and business computer in the world could be vulnerable to having sensitive data including passwords stolen. The cloud servers that store websites and other internet data are also at risk. This is one of the biggest cyber security vulnerabilities we’re ever seen in terms of the potential impact to personal, business and infrastructure computer systems. What’s more, because the flaw is located in such a fundamental part of the computer, there’s no way to know whether or not a machine has been targeted and what data might have been accessed. Both the main flaw (Spectre), and the Intel-only flaw (Meltdown) have been created by a design technique intended t...

Maharashtra bandh: Loss of over Rs 7 bn as protests put brakes on business

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Business houses in Maharashtra are counting their losses after a day-long bandh brought the state to a grinding halt on Wednesday. While revenue loss from the shutdown is pegged at over Rs 7 billion, the larger worry is that the incident will adversely impact travel and trade in the state. Buses and trains were halted and hotels and shops forced to down shutters, paralysing business activity around the state, in a bandh to protest the attack on the Dalit community in Pune district. ALSO READ: Maharashtra bandh: Over 30 cops injured, 300 persons detained in Mumbai "We have lost nearly Rs 1 billion worth of business in the past two days in Mumbai. There have been cancellations and the business cycle has got disrupted," said Dilip Datwani, vice-president of Federation of Hotels and Restaurant Associations of India. The city has over 7,000 hotels and restaurants. Malls, which attract around 25,000 footfalls a day, were deserted till evening. Cinema halls ...

Google vs Amazon: YouTube services no longer available on Fire TV

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Google has blocked YouTube on Amazon's Fire TV earlier than expected amid growing rivalry between the two tech giants as their businesses continue to overlap. The move is in retaliation for Amazon's refusal to sell some Google products that compete with the retailer's gadgets, and Fire TV devices now encourage people to access YouTube via one of the gadget's web browsers instead, the Dailymail reported. "YouTube and millions of other websites are accessible by using a web browser like Firefox or Silk on Fire TV," Amazon was quoted as saying. Earlier this month, Google had warned Amazon that it would pull the YouTube app from Fire TV devices on January 1, if the two firms could not come to an agreement on the access of Google's apps on Fire TV devices. "We've been trying to reach agreement with Amazon to give consumers access to each other's products and services. But Amazon doesn't carry Google products like Chromecas...

WhatsApp to allow group admins to stop other members from posting

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Facebook -owned WhatsApp is likely to give group administrators more powers where they will be able to restrict all other members from sending text messages, photographs, videos, GIFs, documents or voice messages in case the admin thinks so. According to WABetaInfo, a fan site that tests new WhatsApp features early, the popular mobile messaging platform has submitted the "Restricted Groups" setting via Google Play Beta Programme in the version 2.17.430. The "Restricted Groups" setting can only be activated by group admininstrators. Administrators can keep sharing media and chatting as normal as they restrict other members. Once restricted, other members will simply have to read their messages and will not be able to respond. They will have to use the "Message Admin" button to post a message or share media to the group. The message will need to be approved by the administrator before going through to the rest of the group. "A g...

Facebook opens its biggest engineering hub in London; to create 800 jobs

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Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced. The investment in the office, near Oxford Street in the heart of the city's West End district, will also lead to the creation of 800 jobs, more than half of which will be in engineering. The company, which opened its first office in the British capital ten years ago, said the new site would allow its local workforce to reach 2,300 by the end of next year, a sign that it "is more committed than ever to the UK". The country "has been a huge part of Facebook's story over the past decade", Nicola Mendelsohn, Facebook's vice president for Europe, the Middle East and Asia, told Britain's Press Association. "The UK's flourishing entrepreneurial ecosystem and international reputation for engineering excellence makes it one of the best places in the world to build a tech ...

Eating cheese every day may reduce risk of heart attacks, says study

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Cheese Lovers , Rejoice! A new research shows that eating a daily portion of cheese could reduce the risk of fatal heart attacks and stroke. This comes just months after a previous study found that cheese could hold the keys to a longer life. According to the research, a daily portion of the size of a small matchbox reduces the chances of heart attack by 14 percent. All cheese is rich in vitamins, minerals and proteins which help protect against cardiovascular disease. Cheese also contains high levels of calcium, which means that although it is high in fat, less of that fat is absorbed by the body. Participants eating around one-and-a-half ounces (40g) a day saw the greatest reduction in risk to their health. The scientists said the research also showed cheese boosted levels of so-called "good" cholesterol while reducing levels of "bad" cholesterol. Reacting to the latest study, Ian Givens, Professor of Food Chain Nutrition at Reading Uni...