Snehal khanna Blog

Microsoft would likely offer close to Rs 1.39 crore per year for jobs at its Redmond headquarters LATEST NEWS : It's placement season at the country's top technology and management institutes and many aspirants are all set to bag fat paychecks. As reported earlier, most of the IITs are set to commence their final placement process on Friday, December 1, with several major recruiters making almost crore-plus annual salaries and international offers. According to the Economic Times, technology giant Microsoft is all set to offer the highest pay package among all other recruiters during the placements. Citing sources across top IITs, the report said that the company would likely offer close to Rs 1.39 crore per year for jobs at its Redmond headquarters, with the total $214,600 package comprising $108,000 as base salary, $21,600 as performance bonus, $15,000 as joining bonus, and $70,000 in restricted stock units. Further, compared to last year's total pack...

The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points LATEST NEWS : The benchmark indices logged the biggest single day fall in 2 months on Thursday after the Apr-Oct fiscal deficit data, coming in at 96% of the budgeted target for FY18, unnerved investors. The derivatives expiry of November series also hurt sentiment, while investors awaited the September quarter GDP data due later in the day. The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points. "The market started off on a weak note and saw sharp sell-off in frontline index towards the end of the trading session ahead of the GDP data. Negative trend in Asian markets and domestic fiscal deficit data impacted sentiments. However, the broader markets indices outperformed," said Jayant Manglik, President Retail Sales, Religare Securities. "While the overall sentim...

Around 15 Rajdhani and 15 Shatabdis trains will be reportedly upgraded in this exercise at a total cost of about Rs 25 crore LATEST NEWS :  The Indian Railways' bid to make its passengers' journeys more comfortable and pleasant got another shot in the arm on Wednesday when the new 'Swarna' coaches of the Rajdhani Express, with facilities such as 'auto janitor' system in toilets and LED lighting, were on Wednesday unveiled at the New Delhi Railway Station.  While these coaches have initially been provided for the Sealdah-New Delhi Rajdhani, passengers, especially those travelling between Kolkata and Delhi, have more reason to cheer as this passenger initiative would be extended to another three trains of Howrah-New Delhi Rajdhani and two trains of Sealdah-New Delhi Rajdhani and the Howrah-Ranchi Shatabdi Express. In fact, according to the Financial Express, the Howrah-New Delhi Rajdhani Express will be ready after being fitted with these new coaches ...

Redmi 5A is priced at Rs 4,999 for the base model with 16 GB internal storage and 2 GB RAM, and Rs 6,999 for top model with 32 GB internal storage and 3 GB RAM India’s leading smartphone maker Xiaomi has launched Redmi 5A smartphone on November 30. Dubbed as ‘Desh ka smartphone’, the device houses 3,000 mAh battery, which according to company’s claim offers 8 day power backup. The Redmi 5A seems to a minor upgrade over the predecessor Redmi 4A. However, going by the company’s claim, some critical changes have been done inside the phone – especially in terms of battery and charging technology -- that makes it a compatible device to beat electricity and power woes of India. Going by the specifications, the Redmi 5A a 5-inch HD (1280x720) screen with three capacitive buttons below it. It is powered by a Snapdragon 425 SoC clocked at 1.4GHz, coupled with 16 GB/ 32 GB internal storage and 2 GB / 3 GB RAM, respectively. There is a microSD slot that can accommodate a chip ...

The app is now globally available on the Google Play Store for all phones running Android 5.0 (Lollipop) and higher, Google said LATSET NEWS : Google on Thursday launched an app designed to help Android phone users understand, control and save on their expensive mobile data. This app, called Datally, allows users to track their data usage in real time, and get personalised recommendations on saving data along with notifications of public Wi-Fi spots available nearby. The app is now globally available on the Google Play Store for all phones running Android 5.0 (Lollipop) and higher, Google said. Datally is an initiative of Google's Next Billion Users division that aims to make Internet services more accessible even in countries with limited technology infrastructure. "Mobile data is expensive for many people around the world. And what's worse, it's hard to figure out where it all goes. "That's why we built Datally, an app that ...

Modi said his government is committed to developing a development-centric eco system which is free of corruption LATEST NEWS :  Prime Minister Narendra Modi on Thursday said that he is ready to pay the political price for the steps taken by him for a better India and asserted he would not be deterred. Addressing a gathering here, he said his government is committed to developing a development-centric eco system which is free of corruption and is citizen centric. He also said that post demonetisation, the black money, which was part of a parallel economy, has now become part of the formal system. Inaugurating the Hindustan Times Leadership Summit here, Modi said data mining after the note ban is also helping government track down those involved in corruption. Appreciating the role of Aadhaar in delivering services to the people and also checking pilferages, he said the system would also work as a tool to track down benami properties. Also read this : N Ko...

The crime took place on July 13, 2016 when 15-year-old was abducted, raped, mutilated and killed, sparking off a casteist and political furore in Maharashtra LATEST NEWS  : A Special Court on Wednesday awarded death sentence to all three accused convicted in the rape and brutal murder of a 15-year-old school girl in Kopardi village in Maharashtra's Ahmednagar district in 2016. Jitendra alias Pappu Babulal Shinde, 26, Santosh Gorkha Bhawal, 30, and Nitin Gopinath Bhailume, 28, were sentenced to death for rape, conspiracy, murder and other crimes, Special Public Prosecutor Ujjwal Nikam told the media after the verdict. Earlier, finding them guilty on November 18, Ahmednagar District and Sessions Judge Suvarna Keole, pronounced the verdict under the Protection of Children from Sexual Offences (POCSO) Act before a packed courtroom. The judge has allowed the convicts to appeal before the Bombay High Court. "We shall challenge not only the verdict but the enti...

PM Modi said those who looted the country could only think of dacoits LATEST NEWS  : Continuing his high decibel campaign in poll-bound Gujarat, Prime Minister Narendra Modi on Wednesday attacked Congress leader Rahul Gandhi for calling GST 'Gabbar Singh Tax' and said those who looted the country could only think of dacoits. In a stinging rebuttal to Gandhi's repeated criticism of the Goods and Services Tax, a key economic reform of the NDA government, Modi said a recently emerged "economist" was propagating a "grand stupid thought" by suggesting that GST rate be capped at 18 per cent. Making a fresh bid for power in his home state, where the BJP has ruled for over two decades, Modi also listed various development works by the government on water conservation, agriculture and development of the Saurashtra region. ALSO READ: Gabbar Singh Tax? Congressmen in 'Sholay' attire rally against GST in Surat Addressing a huge ral...

The Reuters poll of 52 economists over past week showed GDP growth likely rose to 6.4% LATEST NEWS : Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, with demand picking up modestly as the effects from a shock Note ban on high-value currency notes eased, a Reuters poll showed. If that's correct, the data will be the latest evidence of a broad-based global economic upturn across Asia and most of the world that has many major central banks poised to move away from ultra-easy monetary policy. India was the world's fastest-growing major economy in 2016. But already-slowing growth was made weaker by the surprise cash clampdown late in 2016 by Prime Minister Narendra Modi's government, which has hurt consumer spending ever since. In July, the government introduced a goods and services tax that made sweeping changes to the way businesses across Asia's third largest economy charge taxes, deliverin...

An FSSAI official said the body was closely monitoring the developments LATEST NEWS :  Just when India’s favourite instant noodle brand Maggi was about to claim back its dominance over the market, the iconic brand is under pressure, again. Maggi noodle , which had earlier faced a lot of scrutiny and a subsequent market share loss over an alleged presence of lead, is now under a regulator's scanner over alleged violation of another safety norm. The district food and drug administration officials of Shahjahanpur in Uttar Pradesh, have sent a legal notice to Nestle India – the makers of Maggi noodle – and its trade partners in the region, seeking Rs 71 lakh as damages and for violation of food safety norms. The notice was issued after the UP FDA found a high level of ash content in the samples of the noodle. According to a PTI report, the Maggi noodle samples were collected from the Shahjahanpur area in November 2016. While Nestle India is yet to receive a copy of the ...

The Indian regulator has taken a position in stark contrast to its US counterpart, the FCC whose actions are a reminder that regulation itself is subject to political vagaries, & changing governments TRAI has come out with its recommendations for the net-neutrality regime in India. This comes close on the heels of its counterpart in the US turning its back on it two years after it had endorsed it. The author looks at TRAI’s recommendations and also at what the big influencers were in this matter globally. We can now say, with some certainty, that the Indian telecom regulator (TRAI)’s support for net-neutrality is among the strongest in the world. The timing could not be more auspicious – TRAI now stands tall alongside European regulators, even as it positions itself in stark contrast to its US counterpart, the Federal Communication Commission, where the Trump appointee Chairman Ajit Pai infamously proposed a roll back of net-neutrality rules last week. Yesterday, TRA...

IoT also under non-discriminatory treatment, but with a rider exempting critical services identified by DoT LATEST NEWS  : Telecom sector regulator Trai has recommended upholding the basic principle of keeping internet free and not allowing any discrimination based on content. However, the regulator has proposed to exempt specialised services, which are optimised for specific content and are not internet services. Department of Telecommunications (DoT) may identify these specialised services. Telecom Regulatory Authority of India (Trai) has also included internet of things (IoT) to fall under the non-discriminatory treatment but with a rider saying critical IoT services, which may be identified by DoT, would be exempted. Also, the regulator has exempted content delivery networks (CDNs), which enable mobile operators to deliver content within its network without going through the public internet as also allowing telecom operators to deploy traffic management practic...

Rain Industries, Emkay Global Financial, PPAP Automotive, IFB Industries, NOCIL, Thirumalai Chemicals and Tata Metaliks were up in the range of 150% to 550%. Latest news :  Half of the stocks in Dolly Khanna's portfolio , a Chennai-based investor, have appreciated by up to 550% thus far in calendar year 2017 (CY17). As of September 2017, Dolly Khanna holds more than 1% stake in 22 companies, data filed by these companies show. Of these, the market price of 11 stocks rallied more than 100% in CY17. Except, RSWM which recorded negative return of 22%, the remaining 21 stocks have outperformed the market by over 30%. At 11:08 AM; the S&P BSE Sensex was trading at 33,671, up 26% thus far in CY17. Among individual stocks, Rain Industries and Emkay Global Financial Services have rallied 546% and 318%, respectively. PPAP Automotive, IFB Industries, NOCIL, Thirumalai Chemicals and Tata Metaliks were up in the range of 150% to 200%. As of date, Dolly Khanna’s ne...

The National Disaster Mitigation Agency raised the alert to the highest level on Monday and expanded the danger zone to 10 Km LATEST NEWS :  Authorities ordered a mass evacuation of people Monday from an expanded danger zone around an erupting volcano on Bali that has forced the Indonesian island's international airport to close, stranding tens of thousands of travellers. Mount Agung has been hurling clouds of white and dark grey ash about 3,000 meters (9,800 feet) into the atmosphere since the weekend. A mudflow of volcanic debris and water are known as a lahar was filmed moving down the volcano's slopes. The National Disaster Mitigation Agency raised the alert to the highest level on Monday and expanded the danger zone to 10 kilometres in places from the previous maximum of 7.5 kilometres. It said in a statement that a larger eruption is possible. Spokesman Sutopo Purwo Nugroho told a news conference in Jakarta that the extension of the danger zone affe...

The first phase comprises 30 km and 24 stations LATEST NEWS  : Larsen&Toubro has sought "additional financial support" from Telangana to cover cost overruns in the Rs 16,000-crore metro rail project that stemmed from delays in its implementation, sources privy to the development said. Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the 72-km project tomorrow, touted to be the world's largest such project on public-private partnership in the sector. L&T Metro Rail (Hyderabad) Ltd, the developer of the project, has sought "additional financial support" from the Telangana government to cover the cost overruns due to delays in projects, leading to an extension of time, the sources said. The cost overruns work out to over Rs 3,000 crore, the sources added. "The company is also learnt to have sought an extension period of two years," an industry source said, adding that any decision is likely afte...

The metro's daily average ridership came down to 24.2 lakh in October from 27.4 lakh in September, translating to a fall of around 11 per cent LATEST NEWS :  Delhi Metro lost over three lakh commuters a day after a steep fare hike came into effect in October, an RTI query has revealed. The metro's daily average ridership came down to 24.2 lakh in October from 27.4 lakh in September, translating to a fall of around 11 per cent. The Blue Line, considered the metro's busiest, lost over 30 lakh commuters, according to data shared by the Delhi Metro Rail Corporation (DMRC) in response to an RTI query by a PTI correspondent. The 50-km corridor connects Dwarka to Noida. The metro currently has 218-km network across Delhi-NCR. The fall, in terms of absolute numbers, was over 19 lakh on the Yellow Line, another busy corridor which connects Gurgaon to north Delhi's Samaypur Badli, DMRC said. Ridership has come down several notches below the numbers ob...

The JuD head, who carries a $10 million American bounty for his role in terror activities, was released after the government decided against detaining him further in any other case CURRENT NEWS : Pakistan on Friday freed Hafiz Saeed , the chief of the banned Jamaat-ud-Dawah (JuD) outfit and mastermind of the 2008 Mumbai terror attack, from detention. Saeed immediately launched his anti-India rhetoric by saying he would mobilise people for the "cause of Kashmir". The JuD head, who carries a $10 million American bounty for his role in terror activities, was released after the government decided against detaining him further in any other case. He was under detention since January this year. The fire-brand cleric's release after midnight came ahead of the 9th anniversary of the 26/11 Mumbai attacks in which 166 people were killed. India has repeatedly asked Pakistan to re-investigate the Mumbai terror attack case and also demanded the trial of Saeed an...

One of the message written on fort wall adjacent to the body read - Hum putle nahin jalate....latkate hain (we don't burn effigies, we hang them) LATEST NEWS :  The body of a 40-year-old man was found hanging from the outer walls of Nahargarh Fort here on Friday morning, with the message " 'Padmavati' ka virodh" - in protest against the film "Padmavati". The message, written on the stones near the fort wall adjacent to the body, read, "Hum putle nahin jalate....latkate hain" (we don't burn effigies, we hang them). "It is early to comment on it as the matter is under investigation. The identity of the man, around 40-years-old, is yet to be ascertained," Satyendra Singh, DCP Jaipur (North), told IANS. Sanjay Leela Bhansali's "Padmavati" has been mired in controversies since its shooting started. Activists of the Karni Sena, a Rajput community, besides other groups have been protesting against the...

At least three people were dead and nine left injured after thirteen coaches of the Vasco Da Gama-Patna express jumped the rails LATEST NEWS :  Read more about GST rate cut: Restaurant body to meet government over pricing on Business Standard. If the consumer has to benefit on the pricing front, the rate cut will have to be tax efficient to restaurants: NRAI President GST rate cut, GST overhaul, GST Council, Goods and Services Tax, GST on restaurants, NRAI, GST benefits, GST benefits to consumers, fast-food chains, GST on non-AC restaurants, GST on AC restaurants, input tax credit, CBEC , GST rate cut: Restaurant body to meet government over pricing,news, India news,Economy & Policy News,Economy & Policy News in India ,Mumbai ,Mumbai news ,2017-11-23, Business Standard , Business Standard News,business-standard.com The Indian Railways and the common Indian commuter have been hit by another accident after thirteen coaches of the Vasco Da Gama-Patna express...

If the consumer has to benefit on the pricing front, the rate cut will have to be tax efficient to restaurants: NRAI President LATEST NEWS :  The National Restaurant Association of India (NRAI) is likely to make a representation to the government over the next two days regarding the passing on of benefits of the lower goods and services tax (GST) rates to consumers. NRAI has the country’s top fast-food chains, among others, as its members. The government on November 10 had slashed the GST on AC and non-AC restaurants — excluding five-star hotels — to 5 per cent from the earlier 18 per cent and 12 per cent, respectively. But the input tax credit, a facility to set off tax paid on inputs with final tax, was withdrawn with the November 10 revision, prompting restaurant chains, including McDonald's to withhold passing the full benefit of the tax cut. Their argument was that the non-availability of input tax credit pushed up costs by 10-12 per cent, implying that ...

Industry shows signs of stabilisation, as incumbent operators manage to expand their wireless broadband user base LATEST NEWS :  Reliance Jio is witnessing continued momentum in subscriber additions even after the company raised tariffs in July. The company added 5.9 million customers, the highest among all telecom operators, in September to take its user base to 138.61 million. The Mukesh Ambani-owned company had added 4.1 million subscribers in August. According to a report by UBS, Reliance Jio’s active subscriber base grew by 7.3 million in September after slowing down to 2.2 million in August. Reliance Jio’s market share increased to 11.7 per cent at the end of September. The incumbent operators have also been able to expand their wireless broadband user base, indicating the industry is stabilising. The Telecom Regulatory Authority of India (Trai) has put out data that shows Airtel gained one million subscribers in September and its market share increas...

Jai Corp, Purvankara, Kolte-Patil Developers, Speciality Restaurants, Gitanjali Gems, Sterling Tools and Aptech from the S&P BSE Smallcap index rallied more than 25% in past one week. LATEST NEWS  : Jai Corp , Purvankara, Kolte-Patil Developers, Speciality Restaurants, Gitanjali Gems, Sterling Tools and Aptech are among 12 stocks from the S&P BSE Smallcap index that have rallied more than 25% in past one week. BF Investment, Action Construction Company, Arshiya, Nila Infrastructure and RattanIndia Power surged an over 25% during the period. At 12:18 PM; the S&P BSE Smallcap index, the largest gainer among broader indices, was up 0.65%, as compared to 0.20% rise in S&P BSE Midcap & 0.14% gain in S&P BSE Sensex. In past one week, the smallcap index was up 3% against 1.9% rise in midcap and 1.5% gain in the benchmark index. Speciality Restaurants locked in upper circuit of 20% to Rs 168, also its 52-week high on the BSE. The stock rallied ...

Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force LATEST NEWS :  The government on Wednesday constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the country. The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the Convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (Chairman and Regional Managing Partner of EY) and Mansi Kedia (Consultant, ICRIER). Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted. "Accordingly, in order to review the Act and to draft a new direct tax law in consonance with economic needs of the country, the Government has constituted a task force," a finance ministry statement said. The task force will submit its report to the go...

Changes to help prevent wilful defaulters from bidding for stressed assets LATEST NEWS : The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code , Corporate Affairs Minister Arun Jaitley said on Wednesday. The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry. The Cabinet approved bringing in an ordinance to make "some changes" in the Code, Jaitley told reporters. Details about the proposed changes could not be immediately ascertained. The move also comes at a time when there are concerns in certain quarters about various aspects of the law, including the possibility of promoters wresting back control of a company under the insolvency process. The ministry has already set up a 14-member committee to identify and suggest ways to address issues faced in impleme...