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RCom has also talked about monetising its real estate but that is easier said than done LATEST NEWS :  Anil-Ambani led Reliance Communications' offer to lenders to take control of the company by converting Rs 7,100 crore of its debt into a 51 per cent equity stake is perhaps the telecom major's best bet. If the latest rescue attempt goes through, lenders led by SBI will hold at least 51 per cent in the telco and promoters stake will be halved to around 26 per cent. RCom has said it will get about Rs 17,000 crore by monetising its assets. The plan includes selling its tower business, fibre network, and media convergence nodes and it will estimates another Rs 10,000 crore through real estate sales in eight cities. Post debt monetisation, the company said it would have only Rs 6,000 crore of debt left. Moreover, another Rs 4,000 crore taken from unsecured creditors like Ericsson needs to be negotiated with. So how prudent is this monetisation plan? Under its...

The issue comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares -- amounting to 13.74% stake -- by the parent firm Mahindra and Mahindra Mahindra & Mahindra subsidiary Mahindra Logistics (MLL), which will open its initial public offering on October 31, with a price band of Rs 425-429 per share, will be the first logistics firm to hit the market after the rollout of GST.  The offer will close for subscription on November 2, 2017. The issue comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares -- amounting to 13.74% stake -- by the parent firm Mahindra and Mahindra. Normandy Holdings would sell 92,71,180 shares, while Kedaara Capital would offload 3,94,993 scrips. Normandy Holdings is a 100% subsidiary of Kedaara Capital. The minimum bid lot for the offer is 34 equity shares and in multiples of 34 shares thereafter. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital. ...

Based on earlier reports, the OnePlus 5T is also believed to sport a big 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution LATEST NEWS : China-based smartphone maker OnePlus is reportedly working on the next iteration of its current year flagship OnePlus 5. Dubbed as ‘ OnePlus 5T’ , the upcoming smartphone’s image render has been leaked by Evan Blass on Twitter. In a photo post uploaded on Twitter by Evan Blass, a famous tipster known for sharing inside information in the technology space, the upper front side of the still unconfirmed OnePlus 5T is revealed. Based on the image, it can be assumed that the phone will sport super slim bezels on sides and marginally slim bezels on top compared to its predecessor. Based on earlier reports, the OnePlus 5T is also believed to sport a big 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution. Just like other smartphones with ultra-wide screens, the OnePlus 5T is reported to spor...

According to IDFC, the two stakeholders were unable to agree on a mutually agreeable swap ratio. LATEST NEWS :  IDFC Ltd and Shriram Group on Monday called off a potential merger. In a BSE filing, IDFC stated that despite best efforts, IDFC Group and Shriram Group have not been able to reach common ground on a mutually acceptable swap ratio for the merger. Accordingly, both parties have agreed to call off discussions on a potential merger and the exclusivity period pursuant to the CES Agreement entered into between the concerned parties stands terminated with immediate effect. ALSO READ: IDFC-Sriram Group merger called off; firms unable to reach common ground The original plan entailed merging the retail arm, Shriram City Union Finance, with IDFC Bank, unlisting Shriram Transport Finance and making it a fully-owned unit of IDFC and the holding company of the merged entity. The government of India holds 16.38 per cent in IDFC Ltd. Other major foreign share...

The 'Celkon Smart 4G' comes with a four inch touch screen, dual SIM slots and access to all popular apps like YouTube, WhatsApp and Facebook LATEST NEWS  : India’s leading telecom operator Bharti Airtel on October 30 in partnership with Celkon launched a 4G Android smartphone for Rs 1,349. The phone comes bundled with Airtel's Rs 169 offer plan, which provides unlimited calls, and 500 MB data per day for 28 days. The partnership is part of Airtel’s ‘Mera Pehla Smartphone’ initiative, under which Airtel plans to collaborate with device manufacturers to launch smartphones at the price of a feature phone. In terms of specifications, the Celkon Smart 4G smartphone sports a 4-inch screen, dual-SIM slots and FM radio. The Android powered 4G smartphone offers access to several apps on Google Play Store, including YouTube, Facebook and WhatsApp. The device will also come preloaded with apps from Airtel -- MyAirtel app, Wynk music and Airtel TV. The phone comes ...

Jio mapped out plan to address 100 mn TV households in 30 cities by ensuring dense fibre presence for last-mile connectivity to homes LATEST NEWS :  After its success in mobile telephony, Reliance Jio is preparing to disrupt the market once again. This time in the fixed broadband and television (TV) space. The Mukesh Ambani-led company will launch high-speed fibre to the home (FTTH) broadband in more than 30 cities early next year, to offer TV as well as internet to subscribers, it is learnt. Jio has mapped out a plan to address over 100 million TV households across these cities, including Tier II and III, by ensuring dense fibre presence for last-mile connectivity to homes. In the first phase itself, at least 50 million households will be offered the service, according to sources in the know. Jio has already spread out over 300,000 kilometres of optic fibre (half of which is through a long-term contract with Anil Ambani’s Reliance Communications). In fac...

In comparison, Reliance Jio's Rs 149 recharge plan offers unlimited data coupled with free voice calls, roaming, SMS and Jio app subscription LATEST NEWS :  India’s leading telecom operator Bharti Airtel has announced a Rs 144 recharge plan in which the company is offering 2 GB high-speed 4G data and unlimited free voice calls for 28 days. The plan is valid only for prepaid customers. In the recharge plan, the company offers limited 2GB data with no fair usage policy (FUP), which means that the data can be consumed by customers at one go or in 28 days. Also, the recharge pack offers free Airtel on-net calls with a weekly threshold set at 1,000 minutes. Post utilizing free minutes, the company would charge calls at 10 paisa per minute. In comparison, Reliance Jio’s Rs 149 recharge plan offers unlimited data coupled with free voice calls, roaming, SMS and Jio app subscription. In Rs 149 recharge plan, the company is offering 4.2 GB high-speed 4G data with FUP limit...

Google might have entered the space a year late, but competition is still scarce LATEST NEWS : A little over a month after entering into the digital payment ecosystem in India, Google’s Unified Payments Interface (UPI) app Tez has racked up 7.5 million users who have made over 30 million transactions. In a call with investors on Friday, Google CEO Sundar Pichai said that he was “really excited about the potential this (Tez) brings for India's mostly cash-based economy” while also revealing the growth figures for the app. While Google has not been able to demolish rival BHIM’s record of getting 10 million installs in just 10 days thanks to Prime Minister Narendra Modi backing, but it’s a commendable feat considering that Tez has lacked several features at launch. But coming into the UPI payments space a little more than a year late, Google has demonstrated that there still is space for growth in India’s digital payments ecosystem. Tez also sets the precedent f...

Revenue rises 7% to Rs 10,314 cr LATEST NEWS : ITC Ltd reported almost 6% rise in net profit at Rs 2,640 cr for the September quarter as against Rs 2,500 crore in year-ago period. Revenue increased 7% to Rs 10,314 crore as compared to Rs 9,661 crore in September 2016. Diversified group ITC Ltd today reported a 5.59 per cent increase in its standalone net profit at Rs 2,639.84 crore for the quarter ended September 2017, riding on lower expenses. The company had posted a net profit of Rs 2,500.03 crore during July-September of 2016, ITC Ltd said in a regulatory filing. Total income during the quarter under review was Rs 10,258.13 crore as against Rs 14,091.96 crore in the year-ago period. The company said total income from operations during the quarter is not comparable with the previous periods due to introduction of GST from July 1. Consequent on introduction of GST, central excise, VAT etc have been replaced by the one unified tax. In accordance with Indian ac...

Apple iPhone X will be available in two colour variants - silver and space grey - and two storage options - 64 GB and 256 GB. The price of iPhone X will start at Rs 89,000 for base model Latest news  : After launching iPhone 8 and iPhone 8 Plus, Apple is gearing up to bring its anniversary edition iPhone X to India on November 3. The smartphone will be available for pre-registration through e-commerce platforms starting today. Apple iPhone X will be available in two colour variants – silver and space grey – and both the variants will come with two storage options – 64 GB and 256 GB. The price of iPhone X will start at Rs 89,000 for the base model. In terms of design and features, the iPhone X sports glossy stainless steel frame body covered on the front and back by a glass design. It has a wide 5.8-inch Super Retina OLED display. The glassy back is accentuated by a vertically placed 12-megapixel dual camera set-up, which supports optical image stabilisation (OIS)...

The 26,500-square km business and industrial zone, named NEOM, will extend into Jordan and Egypt LATEST NEWS :  The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom's drive to diversify away from oil, the crown prince told Reuters in an interview late on Wednesday. The 26,500-square km (10,230-square mile) business and industrial zone, named NEOM, will extend into Jordan and Egypt. It was unveiled on Tuesday at a three-day international investment conference. The surprise announcement is the latest - and most extraordinary - in a slate of privatisation programmes led by the floating of oil giant Saudi Aramco. The sales are designed to boost the Saudi economy and create jobs for millions of young people. "The first capitalist city in the world ... this is the unique thing that will be revolutionary," Crown Prince Mohammed bin Salman said. "Without a do...

The leaks suggest that the device would sport a bigger 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution, a dual 20 MP camera setup, and bigger battery than its predecessor LATEST NEWS : China-based smartphone maker OnePlus is reportedly working on the next iteration of its current year flagship. Dubbed as ‘ OnePlus 5T’ , the upcoming smartphone’s specifications, features, and price recently flashed in tech forums, third-party e-store and on social media channels. Going by the purported report that confirms the existence of the 5T model, it is believed that the device would sport a bigger 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution. Just like other smartphones with ultra-wide screens, the OnePlus 5T is believed to sport a fingerprint scanner on the back that will allow the phone to accommodate a big screen on the front with small bezels. Recently, an online technology information portal, Android Authority, releas...

Singapore's passport has been announced as the most powerful in the world as it secured the top spot in the index' most powerful ranking with a visa-free score of 159 LATEST NEWS : The Indian passport has fared poorly at the 75th position in a global ranking, which saw an Asian country, Singapore, ranking at first position for the first time. The Passport Index' Global Passport Power Rank 2017 ranks India, according to its passport's total visa-free score, below countries like Mali, Madagascar, Gabon, and Comoros, which all had a visa-free score of 52. India, according to the index, has a visa-free score of 51.  But, how does the index, developed by global financial advisory firm Arton Capital, work and why does India fare so poorly? The ranking is based on an analysis of the access various passports have to countries around the world, with a passport's "visa-free score" representing the number of countries its holder can visit visa-free o...

The assembly elections will take place in two phases for 182 seats LATEST NEWS :  Gujarat assembly elections will be held in two phases for 182 seats on December 9 and 14 and counting of votes will take place on December 18. "There are 4.33 crore voters in Gujarat. 50,128 polling booths will be set up. Gujarat assembly poll will be fully VVPAT-based. There will be 102 all-woman manned stations," said Chief Election Commissioner Achal Kumar Jyoti while annoucing poll dates. The Model Code of conduct comes into effect immediately. "Voter assistance booth will be set up for every polling station and differently-abled voters will be given preference. Height of voting compartment increased to maintain secrecy," he added. Videography, CCTV, webcasting coverage will be done for all critical events without violating secrecy. Candidates will be required to open separate bank accounts for election expenditures and ceiling of election expenditure is ...

Apple iPhone X will be available in two colour variants - silver and space grey - and two storage options - 64 GB and 256 GB. The price of iPhone X will start at Rs 89,000 for base model Latest news      :  After launching iPhone 8 and iPhone 8 Plus, Apple is gearing up to bring its anniversary edition iPhone X to India on November 3. The smartphone will be available for pre-registration through e-commerce platforms starting October 27. Apple iPhone X will be available in two colour variants – silver and space grey – and both the variants will come with two storage options – 64 GB and 256 GB. The price of iPhone X will start at Rs 89,000 for the base model. In terms of design and features, the iPhone X sports glossy stainless steel frame body covered on the front and back by a glass design. It has a wide 5.8-inch Super Retina OLED display. The glassy back is accentuated by a vertically placed 12-megapixel dual camera set-up, which supports opti...

If you have tried looking for a job but not been happy with the results, maybe it is time to make a few changes and improve your chances of getting hired. LATEST NEWS  : Have you been looking for that right job for quite some time but not managed to find anything suitable yet? Are you worried that maybe you are doing something wrong that is delaying your success in getting a job? If you have tried looking for a job but not been happy with the results, maybe it is time to make a few changes and improve your chances of getting hired. Of course this does not mean that just following these tips will guarantee you get that job. Your hard work, work experience, the way you present your resume, your dedication to work and your confidence have a big role to play. The following tips will add a boost to your job search, and help you be more ahead in line to get hired. 1.        Create a resume that fits the job you are applying for: Often, c...

Over a dozen IAF planes, including Mirage-2000 fighters and Sukhoi 30s took part in the exercise LATEST NEWS :    Fighter and transport aircraft of the Indian Air Force (IAF) today performed breathtaking touch-and-go landings on a stretch of the Lucknow-Agra Expressway here, showing that highways can be used as landing strips in case of any emergency. Over a dozen IAF planes, including Mirage-2000 fighters and Sukhoi 30s, besides 35,000 kg C-130J Super Hercules aircraft, took part in the exercise near Bangarmau in the district, about 65 km from Lucknow. Garud Special Forces commandos secured the landing zone as part of the special drill. The top-of-the-line Sukhoi 30s and Mirage 2000s took off after touching down on the expressway, while the C-130J transport aircraft landed on it. An Indian Air Force transport aircraft An Indian Air Force transport aircraft, a C-130 Hercules lands on the Lucknow-Agra Expressway during an IAF drill in Bangarmau...

Former IB director Dineshwar Sharma, who the Centre appointed as its representative for a sustained dialogue in Jammu and Kashmir, said his priority would be to restore peace in the state In what is being seen as a shift from its previous policy on Jammu and Kashmir (J&K), the Modi government on Monday announced it would start a "sustained dialogue" process with all stakeholders, including separatists, and appointed former Intelligence Bureau (IB) director Dineshwar Sharma as its special representative. Union Home Minister Rajnath Singh said the move was to carry forward the "the conviction and consistency" in the government's Kashmir policy. "We have decided that a sustained dialogue process should begin in Jammu and Kashmir." Here are the top ten developments regarding the Centre's renewed efforts for peace in Kashmir 1) Sharma to have complete freedom in holding talks: Dineshwar Sharma would hold talks with all section...

The insurance and reinsurance industry is the latest to join the palette of choice for equity investors in recent times LATEST NEWS   :    The IPO received bids for 17,06,99,808 shares against the total issue size of 12,47,00,000 shares, data available with the NSE showed. GIC Re is all set to emerge among the top 10 global reinsurers and figure among the 40 largest global corporates, both in terms of market capitalisation. From its current ranking of 12 largest global reinsurer, the company is set to grow to the 10th spot during the current fiscal, given its healthy growth rate, a market source said. At present, GIC Re is also the 3rd largest reinsurer in Asia. It is also likely be the second largest Indian entity in the financial sector PSU listed space after SBI, the source added. Alongside SBI, GIC Re is the country's leading MNC in financial sector with a global presence - it has branches in London, Dubai, Kuala Lumpur and a subsidia...

India's taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer LATEST NEWS : We wish India's telecom saga would be a Bollywood movie, with a happy ending. But what we have witnessed since the May of 1994, when India began slowly easing the state grip on telecoms to usher in everything from private players to mobile phones to the Internet, is a long-winding soap opera.  In line with the spirit of the saas-bahu nation, we can announce that Reliance Jio is the much loved and hated new bahu (daughter-in-law)  in this opera, impressing everyone and upsetting the older order. If you are looking not for entertaining conflicts but deep wisdom, it is this: India's taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer. Does it matter if someone picks your right pocket instead of left to take out the same amount of mo...

From Myntra and Jabong to PhonePe, and now talks with BookMyShow, Swiggy, UrbanClap - Flipkart could be eyeing stakes in or buyouts of smaller peers to grow its own top line LATEST NEWS     :India’s largest home-grown internet company Flipkart is looking at acquiring stakes or buying out smaller peers to grow its own top line, a model perfected by Chinese counterparts Alibaba, Tencent and Baidu. Flipkart is said to be in talks with multiple firms like online food-ordering and delivery service Swiggy, home services firm Urban Clap, online furniture retailer Urban Ladder, ticket-booking platform BookMyShow and even some financial technology firms, according to a Livemint report on Monday. These deals seem to be at an exploratory stage, but Flipkart’s intent is increasingly becoming clearer. While investments in some of these firms might have obvious benefits – for example, Urban Ladder could list its furniture exclusively on Flipkart, or Swiggy’s delivery fl...

You can upgrade to an Air India flight if the latter has the same service route allotted on the same day. LATEST NEWS  : Passengers with unconfirmed AC-I or AC-II tickets for Rajdhani Express may soon be able to fly to their destination  by paying the difference, if any, in the price of the train and air tickets, reports Times of India. The same was talked about last year when Ashwani Lohani was the Air India chairman. However, he did not get a positive response from the Railways. He said that if AI approaches Railways with this proposal, the latter will accept it. It must be noted that many passengers end up with unconfirmed AC-I AC-II tickets. As reported earlier, Railways came up with dynamic pricing model in which, only the first 10 per cent of the tickets sold in premium trains will be available at the original listed price. After that, for every 10 per cent tickets sold, the fare goes up by 10 per cent. However, after the sale of 50 per cent of ticke...

+ India recorded the most number of premature deaths because of pollution in 2015 at 2.51 million lives lost, followed by China at 1.8 million deaths, a recent study has revealed LATEST NEWS : India recorded the most number of premature deaths because of pollution in 2015 at 2.51 million lives lost, followed by China at 1.8 million deaths, a recent study has revealed. The findings coincide with the festival of Diwali, which has been synonymous with smoke-choked air due to the rampant bursting of firecrackers across the country. Citing The Lancet Commission on Pollution and Health, a two-year initiative seeking to highlight the issue, Reuters reported that India saw the greatest number of pollution-related early deaths in 2015. "People in poorer countries - like construction workers in New Delhi - are more exposed to air pollution and less able to protect themselves from exposure, as they walk, bike or ride the bus to workplaces that may also be polluted," Karti S...

Facebook is collaborating with a small group of publishers across the US and Europe Facebook is finally testing a paywall in its Instant Articles feature -- beginning with Android and not iOS devices -- in partnership with a small group of publishers across the US and Europe. Facebook will support the subscription-based news product in Instant Articles for both metered models (starting with a uniform meter at 10 articles) and "freemium" models (the publisher controls which articles are locked). "This is a direct result of the work we're doing through the Facebook Journalism Project. We're listening to news publishers all over the world to better understand their needs and goals," the social media giant said in a blog post late on Thursday. In July, Campbell Brown, the head of the company's news partnerships, said Facebook will launch a subscription-based news product with initial tests beginning in October. To begin with, publish...

A 'very poor' air quality index essentially means that people may suffer from respiratory illnesses on a prolonged exposure to such air The festive fervour gripped the nation on Thursday as people celebrated Diwali, often referred to as 'the festival of lights by lighting diyas (earthen lamps), paying obeisance to Goddess Lakshmi, distributing sweets. However, a quiet and promising evening gave way to thick haze and noise as Delhi celebrated Diwali, dashing the hopes of cracker-free festivities, following a Supreme Court ban on the sale of firecrackers in the National Capital Region (NCR). The cracker-bursting was relatively subdued as compared to previous years. However, the revelers in the adjoining townships of Delhi such as Noida, Gurgaon and Faridabad paid little heed to the apex court's writ and environmentalists' concerns. Real-time pollution data alarming The online indicators of the pollution monitoring stations in the city glowed red, ...

Bharti Airtel will absorb the operations of Tata's mobile business in 19 circles across the country LATEST NEWS : Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) will combine their Consumer Mobile Businesses (Tata CMB) with Bharti Airtel Limited, Tata Tele announced on Thursday. With this merger, 40 million Tata Tele customers would be added to Bharti Airtel's user base. As part of the agreement, Bharti Airtel would absorb Tata Tele’s operations across the country in 19 circles (17 under TTSL and two under TTML), Bharti Airtel said in a release. Since the proposed merger would include the transfer of all customers and assets to Bharti Airtel, it would not only augment Bharti Airtel’s overall customer base but also strengthen its network. It will also enable Bharti Airtel to further bolster its spectrum footprint, with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100-MHz b...