Snehal khanna Blog

Sagar Diamonds Limited , an ISO 9001 The issue opens on Thursday and closes on Monday. Gretex Corporate Services Private Limited is the sole lead manager to the issue and Bigshare Services Private Limited is the registrar to the issue. The proceeds of the issue will be utilized for working capital requirements, general corporate purposes and issue expenses. The company is planning to import the raw diamond and convert into the polished diamond. The company exports to Hong Kong, Europe and so on. The gems and jewellery sector plays a significant role in Indian economy. It is one of the fastest growing sectors. The government has recently undertaken various measures to promote investments and to upgrade technology and skills to promote 'Brand India' in the international market. India's gems and jewellery exports jumped by 8.95 per cent for financial year 2016-17 on recovery in demand from the United States (US), Hong Kong and the United Arab Emirates (UA...

While trading suspension will begin from November 16, the exchange also ordered freezing of the entire promoter shareholding of these companies Leading stock exchange BSE will suspend three companies from next month for non-compliance with listing agreement clauses relating to corporate governance norms and shareholding disclosures. The companies, Terruzzi Fercalx India Ltd, Alka Diamond Industries Ltd and Meuse Kara & Sungrace Mafatlal Ltd, have been given time till November 10 to comply, or be suspended. While trading suspension will begin from November 16, the exchange also ordered freezing of the entire promoter shareholding of these companies from October 23 till further notice. "Trading in securities of these companies will be suspended with effect from November 16, on account of non- compliance with Clauses 35 and or 49 of the Listing Agreement for two consecutive quarters -- March and June," BSE said in a circular. In case any of these companies co...

DGS acknowledges serious injury to domestic industry; no duty proposed on imports from the EU and US LATEST NEWS :  The Directorate General of Safeguards Duty (DGS), in its preliminary report investigating the dumping of solar cells, (whether or not assembled in modules or panels), has suggested a 70 per cent safeguards duty on imports from China. The DGS has identified ‘serious injury’ to the domestic industry caused due to increasing imports and declining prices of Chinese solar panels. “I recommend that pending a final determination, considering the average cost of sales by the Domestic Industry arrived at on the basis of import quantity ratio of solar cells and solar modules (confidential), a reasonable return on the cost of sales excluding interest, the present level of import duties, and the present average import prices, a provisional Safeguard Duty be imposed at the rate of 70 per cent (Seventy percent) ad valorem on the imports of the PUC (solar cells),” said th...

These changes could lead to deportation of 500,000 to 750,000 Indian H-1B visa holders LATEST NEWS :  The proposed US Bill, Protect and Grow American Jobs, is riddled with "onerous conditions" and places "unprecedented obligations" on both Indian IT companies and clients using H-1B visas. Software body Nasscom said it has flagged its concerns around visa-related issues in the US with the Senators, Congressmen and the administration, and will engage further in a dialogue over the next few weeks over the proposed legislation. The Bill, which is aligned with President Donald Trump’s “Buy American, Hire American” vision to protect local jobs for American, proposes new restrictions to prevent abuse and misuse of H-1B visas. It tightens the definition of visa-dependent companies and imposes fresh restrictions in terms of minimum salary and movement of talent. If the proposal gets approved, it can cause large-scale deportation of H-1B visa holders, a ...

According to the legal notice, Nissan said repeated requests to state officials for the payment, due in 2015, were overlooked LATEST NEWS :  Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters. In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives due from the Tamil Nadu government as part of a 2008 agreement to set up a car manufacturing plant in the southern state. According to the notice, Nissan said repeated requests to state officials for the payment, due in 2015, were overlooked and even a plea by the company's chairman, Carlos Ghosn, to Modi in March of last year seeking federal assistance did not yield any results. The notice, sent by Nissan's lawyers in July 2016, was followed by more than a dozen meetings between fed...

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 ...

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...

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...

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 ...

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...

The senior officials from Pakistan and China on Monday decided to formally move ahead despite hurdles and finance at least three special economic/industrial zones Latest news :  Pakistan has refused to allow free use of the Chinese yuan on the lines of the US dollar in the country as officials from the two nations met to decide on a long-term developmental plan under the China-Pakistan Economic Corridor (CPEC). The meeting of senior officials from Pakistan and China on Monday decided to formally move ahead despite hurdles and finance at least three special economic/industrial zones (SEZs) and some important rail, electricity and road projects. The Dawn reported quoting a senior government official that Pakistan was not ready to allow the Chinese yuan (renminbi) for free use in Gwadar or its treatment on a par with the US dollar in the country and this was disappointing for the visiting Chinese officials. He said the use of yuan for common use in any part of Pakis...

The GST Council is likely to cut the tax rate on electronic items such as washing machine, refrigerator and air conditioner, which are in the top 28 per cent slot, in the next round of rationalisation. Last week, the Council overhauled the new tax regime, reducing the 28 per cent tax levied on 178 items to 18 per cent or lesser. Most important of them all, the Council decided to slash the GST rate on AC and non-AC restaurants to 5 percent from the current 18 per cent slab. The new rates have been effective since November 15. According to The Times of India, a fresh round of rate cuts is likely as the GST Council, chaired by Finance Minister, hinted that only luxury or sin goods are going to stay in the top slot. The move will be a big relief for consumers who might have felt the pinch. While rejecting the idea of the single tax system, Arun Jaitley said, “Rationalisation process in the transition will always continue. So, wherever there is scope for improvement and procedural...

BS-VI grade petrol, diesel to be sold from April 2018 LATEST NEWS : With both the Delhi and Union governments facing heat over Delhi’s smog, the Centre on Wednesday said the introduction of BS-VI grade automobile fuel in the capital would be advanced by two years to April 2018. BS-IV emission norms for both fuel and automobiles were implemented across the country from April 1, 2017. “Taking into account the serious pollution levels in Delhi and adjoining areas, the petroleum ministry in consultation with public sector oil marketing companies has decided on introducing BS-VI grade fuel in Delhi from April 1, 2018, instead of April 1, 2020,” an official statement said. The government had earlier decided to leapfrog to BS-VI by April 1, 2020, skipping BS-V. Oil refining companies have been asked to examine the possibility of introducing BS-VI fuel in the National Capital Region from April 1, 2019. Previously, fuel meeting Euro-IV, or Bharat Stage (BS)-IV, specific...

Economists have long had a notion that psychological factors affect investor decisions LATEST NEWS :  The price of Bitcoin has dropped to around A$8,000 in the last few days, after almost hitting A$10,000 in the past month, and rising over 1,850% since 2015. All of this shows how volatile the currency is, prompting the question, what leads to such huge movements? Our ongoing research reveals four factors that affect the price of Bitcoin. These include media hype and uptake by peers, political uncertainty and risk (such as the election of Donald Trump or the vote for Brexit), moves by governments and regulators, and the governance of Bitcoin itself. It is likely the last factor that has driven the latest drop in the price, as a proposed Bitcoin split (or “fork”) failed to gain support from developers towards the end of last week. The split would have doubled the number of coins in circulation (as previous splits have) and increased transaction speed. 1) Anima...

The IP68-certified water and dust resistant device will go on sale exclusively on Flipkart starting mid-night tonight Latest news  :  Motorola has launched Moto X4 starting at Rs 20,999 for the base model and Rs 22,999 for the premium model with 64 GB storage and 4 GB RAM. The IP68-certified water and dust resistant device went on sale last night. The Moto X4 sports a dual camera set-up on the back, which utilises a 12-megapixel shooter with f/2.0 aperture and an 8MP ultra-wide angle shooter with f/2.2 aperture. The cameras on the back are assisted with phase detection autofocus (PDAF) and dual LED flash. On the front, the smartphone houses a 16 MP selfie camera with f/2.0 aperture. The selfie camera is supported with flash and comes with features such as beautification mode, pro mode, filters, panorama and adaptive low-light mode.  Moto X4 sports a 5.2-inch fullHD IPS screen covered with Corning Gorilla Glass for protection against scratches and ac...

Passenger vehicles grew 14.4% over the same period last fiscal LATEST NEWS :  Homegrown auto major Tata Motors today reported a threefold jump in consolidated profit at Rs 2,502 crore in the quarter to September from Rs 848 crore in same quarter last fiscal. Consolidated revenue grew 10.34 per cent to Rs 70,156 crore as against Rs 63,577 crore a year ago, Tata Motors said in a release. The sales (including exports) of commercial and passenger vehicles stood at 1,52,979 units, a growth of 13.8 per cent. Medium and heavy commercial vehicle segment grew by 28 per cent, while ILCV surged 35 per cent and small commercial vehicle volumes rose 38 per cent, the company said. "After a challenging first quarter, Tata Motors has demonstrated impressive results with month-on-month growth in sales and market share, enabled by a slew of new product launches and customer centric initiatives. "With our turnaround plan in full action, we are seeing encouraging result...

About three-fourth items in the highest tax slab may move to lower brackets LATEST NEWS  :  Those planning to buy new furniture or refit electric switches might have to pay less after Friday, as the GST (goods and services tax) Council is likely to slash the indirect tax rates on these items at its meeting in Guwahati. At present, these attract 28 per cent tax. As many as 165 such items could be moved to the 18 per cent category, with only 62 attracting the highest rate. Those retained in the highest category could include digital cameras, shaving creams, paints and varnishes, cigars, pan masala, chocolates, cosmetics, vacuum cleaners, refrigerators, washing machines, hair conditioning items, hair dyes, and marble and granite. Some common items might also have their rates slashed from 18 per cent to 12 per cent, as demanded by states such as West Bengal. At the Friday meeting, the Council will also have a presentation about the inclusion of real estate u...

The iPhone launches raise the seemingly obvious question: What sane person would queue overnight for an over-priced, at best incrementally-changed gadget LATEST NEWS :   Apple’s special edition iPhone X release – like the new iPhones before it – brings thousands of people lining up in front of Apple stores around the globe. It raises the seemingly obvious question: what sane person would queue overnight for an over-priced, at best incrementally-changed gadget? But what sounds like a question for psychologists, may actually be better addressed as a matter of the way media and markets work. You’d be forgiven for expecting this article to be a rant about the blatant consumerism of the people that stand in line – many overnight – to get the latest iPhone. Or against the world’s obsession with smartphones more generally. After ten years of extensive media coverage of each launch, we’ve all grown used to the clichéd pictures of “die-hard fans” queuing outside Ap...

Firm is investing ten times more in branding to increase appeal among target consumers Latest news :  Consumer durables maker Crompton Greaves Consumer Electricals (CGCEL) is aiming to strengthen its brand that was left to lurch for years. To put the brand among young consumers, in competitive consumer goods market that requires constant activities to gain consumer mindshare, it is now investing close to ten times more in branding. According to Mathew Job, chief executive officer, CGCEL, since the firm came into being in 2015, when Avantha Holdings sold off its stake to two PE firms — Advent International and Temasek Holdings — the focus has shifted significantly. “While awareness among older generations is still strong, it needs to be promoted among younger consumers. So, we have been working to drive the brand for last two years. Last year we allocated close to Rs 65 crore for the purpose, compared to less than Rs 10 crore that used to be invested before the de-merge...

Apple and Qualcomm have been fighting each other over patent licensing LATEST NEWS    :  Apple is designing iPads and iPhones for 2018 that do not use components from Qualcomm amid an escalating dispute between the companies, according to a person familiar with the matter. The product plans are in the early stages and may still change, said the person, asking not to be identified because the matter is private. Apple may use modem chips from Intel and MediaTek instead of Qualcomm’s, the person said. Apple made the decision amid a dispute over the iPhone maker’s access to the San Diego-based company’s proprietary technology, said people familiar with the matter. Shares of Qualcomm were down 4 per cent at 5:55 am in New York. Apple and Qualcomm have been fighting each other over patent licensing with the iPhone maker accusing the chip designer of abusing its market dominance with high royalties. Qualcomm has fought back and is seeking to stop Apple from...