OMCs improve marketing margins by holding auto fuel prices

2016年6月28日 SHLF 0 Comments

Not reducing retail auto fuel rates even with global crude oil prices softening since mid-July has helped state-run oil marketing companies (OMCs) improve their marketing margins to Rs 3.2\/litre and Rs 4.6\/litre for petrol and diesel, respectively, analysts have said. The marketing margin on petrol was almost zero on July 20, and on diesel was Rs 2.9 Pump price of petrol in Delhi was Rs 101.49 per litre on Tuesday, while diesel sold at Rs 88.92\/litre Retail motor fuel prices touched all-time highs across the country on July 17 and remained unchanged till August 17. Petrol prices are now lower by 35 paise\/ litre from the peak price on August 21, while diesel has been made cheaper by 95 paise since August 18. Global crude has corrected from the highs of $75 per barrel in mid-July to the current level of $70 per barrel. 5\/litre on diesel and petrol at current selling prices, OMCs have apparently been deferring cuts in fuel prices to make up for the losses suffered between late February to May, when they could not hike prices in conformity with the crude movements, due to Assembly elections in four states and the UT of Puducherry. The Centre80 per litre for diesel and Rs 32.90 per litre for petrol, while Delhi state VAT is Rs 23.50 per litre on petrol and Rs 13.14 per litre on diesel. In March and May 2020, surcharge and cess on auto fuels were cumulatively increased by Rs 13 per litre on petrol and Rs 16 per litre on diesel, leading to record-high auto fuel rates.

This Rakesh Jhunjhunwala stock may rally 33%, already up 57% from IPO price; Jefferies says ‘buy’

2016年6月28日 SHLF 0 Comments

Rakesh Jhunjhunwala owned Nazara Technologies has zoomed 57% from its IPO price to now trade at Rs 1,723 per share, but the rally may not be over. The stock could rise another 33% from current levels and reach the target price of Rs 2,300 pegged by global brokerage and research firm Jefferies. Initiating the coverage of Nazara Technologies, Jefferies said that Nazara Technologies is a diversified play on the gaming ecosystem with multiple growth drivers ahead. Big Bull Rakesh Jhunjhunwala is a pre-IPO investor in Nazara Technologies and continues to hold a 10.82% stake in the company, according to the latest shareholding pattern available with stock exchanges. Diversified play on gaming ecosystem Nazara Technologies offers a piece of every aspect of the gaming ecosystem. The firm caters to Gamified Early Learning, eSports, Freemium, Telco Subscription, and Real Money Gaming. Gamified Early Learning and eSports result in most of Nazara Technologies revenue. While these markets are growing at a rapid pace, Nazaras focus is currently on the first two segments, Growth drivers ahead Going ahead the gaming and eSports industry has the potential to help the company grow. Jefferies said that the two segments are expected to register CAGRs of 38% and 25% to $3.1 billion and $209 million, respectively, over 2020-23, led by rising smartphone\/internet penetration and change in media consumption habits. According to Jefferies, the eSports market in India is set to grow, driven by the increasing number of hardcore\/mid-core mobile gamers and rise of several OTT\/media platforms, which is in turn, driven by rising smartphone penetration and improved network connectivity. Upside scenario make take stock to Rs 2,300 per share Nazara Technologies is seen as an investment vehicle focused on making strategic acquisitions across the gaming ecosystem. In the base case scenario, Jefferies has a target price of Rs 2,030 per share for Nazara Technologies with a In an upside scenario, the brokerage firm expects the stock to rally to Rs 2,300 per share, using 1 year forward FY26E multiples discounted back at 15%. Rakesh Jhunjhunwala owns 10.82% of Nazara Technologies, translating to 32,94,310 equity shares. The current value of the big bull6 crore.

Axis Bank begins issuing debt securities under Rs 35,000 crore-debt raise plan

2016年6月28日 SHLF 0 Comments

Axis Bank on Monday said it has started issuing debt securities under its Rs 35,000 crore-debt raise plan announced earlier this year. In April, the private sector lender had said that its board had approved capital raise proposal up to Rs 35,000 crore by issuing various debt instruments in Indian or foreign currency in domestic\/overseas markets in one or more tranches. The shareholders of the bank had approved the proposal in banks annual general meeting in July. The bank has initiated the process of issuing of the debt instruments, in the form of the additional tier 1 notes (notes) in foreign currency, subject to market conditions, Axis Bank said in a regulatory filing. This will be a sustainable bond under the sustainable financing framework of the bank. The issuance is part of the existing global medium term notes (GMTN) programme of the bank, it said. The lender said the offering under the GMTN has been informed to Singapore Exchange Limited (SGX) and the International Securities Market (ISM). The notes will not be offered or sold in India under the applicable laws, it added.

Small Industry Day: What Indian MSMEs believe would help them become big amid myriad challenges

2016年6月21日 SHLF 0 Comments

Ease of Doing Business for MSMEs: Micro, small, and medium enterprises (MSMEs) fuel India However, a significantly large number of around 6.3 crore MSMEs in India remain The reasons are arguably less by chance and more by circumstances such as running out of money, poor technology adoption, labour issues, absence of collateral, and overall bottlenecks around ease of doing business. Beyond these challenges, as India observes Small Industry Day to recognise the contribution of small scale units to the economy and promote them to grow big, entrepreneurs and industry experts tell what MSME promoters usually are not well aware of rules or terms and conditions. Even a small mistake costs them heavily with penalties, He added that promoters try to manage everything on their own but they cannot afford a good lawyer or a consultancy or advisory firm and hence, representatives of respective government departments should guide MSMEs to avoid mistakes ahead instead of penalising them. While there are contact centers or helplines available but that doesn Importantly, the government had in May 2020 launched the MSME grievance redressal platform Champions for issues around, and also to seek information on the available government support to MSMEs. According to the data shared by the MSME Minister Narayan Rane in the Rajya Sabha in July, The portal For Delhi-based Ashok Kumar Agrawal who runs plywood manufacturing firm Vidya Ply Board, procedural barriers in government processes and the mindset of government officials towards small businesses are among the biggest impediments in the growth of MSMEs into larger enterprises. For instance, getting just an NOC from the fire services department requires multiple visits to the government offices. Subscribe to Financial Express SME newsletter now: Why can MSMEs are not able to grow due to poor handling of issues by the government departments and red-tapism. In total, there is a change in the mindset required of government officials who harass MSMEs. It is almost impossible to apply online for such NOCs online. You would be forced for physical visits and pay the money. MSMEs are certainly growth engines for India but these engines are not operating smoothly, For small businesses to grow big, another critical component is the focus is on competitiveness, brand building, and providing certainty to the business. The details lie in how a brand evolves with its competition evolving and growing in the competitive environment. The same goes for providing certainty, it is important to build consistency in the way the brand is perceived by the consumers, so that it instills them with the faith and loyalty to trust a brand they have been engaging with, for a while, Walplast is Indias third-largest infrastructure raw material manufacturer that had evolved from an MSME to a large enterprise in just 17 years. However, there are MSMEs that prefer to remain small. Basically, many of them don Because they remain small, they are not able to benefit from the economies of scale while regulations and red-tapism are major drawbacks in scaling up,

Hyundai i20 N Line officially unveiled: Bookings open at Rs 25,000

2016年6月14日 SHLF 0 Comments

Hyundai has unveiled its first performance hatchback in India, the Hyundai i20 N Line. Along with the unveiling, Hyundai is accepting bookings for the same, at Customers can book the i20 N Line either on the Hyundai Click to Buy platform or at dealerships. On the outside, the i20 N Line gets a beefier bonnet, setting it apart from its regular sibling. The Hyundai i20 N Line also gets a two-tone bumper with red highlights, 16-inch alloy wheels, red brake callipers, the N Line emblem on the tailgate, a feature unique to India and dual muffler tips. The i20 N Line is available in four monotone colours – Thunder Blue (new), Fiery Red, Titan Grey, and Polar White, or with two dual-tone finishes – Thunder Blue with Phantom Black roof and Fiery Red with Phantom Black roof. Inside, the sporty red accents continue, with a black interior with red accents. The Hyundai i20 N Line gets artificial leather seats with the N Logo, red ambient lighting, metal pedals, and a three-spoke steering wheel with the N logo. The car gets a 10.25-inch infotainment system with smartphone connectivity and navigation. Other features include a welcome message, sunroof, and a total of 58 connected car features through Hyundai Bluelink. Other convenience features include wireless charging, push-button start, rear AC vents, cooled glove box, cruise control, and a 7-speaker Bose music system amongst others. In terms of safety, the Hyundai i20 N Line gets disc brakes on all four corners, tyre pressure monitoring system, automatic headlights, Hill Assist Control, Electronic Stability Control, Vehicle Stability Management, ABS with EBD, six airbags, and more. Speaking of power, the Hyundai i20 N Line comes with a 1.0-litre turbocharged petrol engine (Hyundais 1.0-litre GDI unit) that makes 118 bhp and 172 Nm of torque. The engine comes paired to either an iMT unit or a 7-speed DCT gearbox with paddle shifters, which can help do a 0 9 seconds. Hyundai claims a mileage of 20 km\/l with the iMT unit and 20.25 km\/l with the DCT gearbox.

BYD to launch electric MPV for B2B segment soon: Completes 8 years in India

2016年6月14日 SHLF 0 Comments

BYD India that happens to be a subsidiary of the Warren Buffett-Backed EV maker BYD, has completed eight years of EV business operations in India. At present, BYD electric buses have been operating in over 10 cities in India, including Mumbai, Hyderabad, Pune, Kerala, and even the route from Manali to Rohtang Pass, making them hit a new record by climbing high up to 3,980m in the Himalayas. With a total operation mileage of over 24 million kilometers in the country, the BYD buses help reduce carbon emissions near to 25,000 tons, or equivalent to planting over 2 million trees, making BYD India the leader in Indias electric bus market. BYD India was registered in 2007 in Chennai, along with the construction of an electronics manufacturing plant. Following this, on August 20, 2013, the first pure electric bus arrived in the Port of Chennai, making the BYD K9 the first pure electric bus in the history of the Indian automotive industry. The companys decision to enter the B2B segment is also in line with BYD Globally, the brand Speaking about the brand Seeing this, the brand has decided to introduce more electric commercial vehicles to the B2B segment starting Q4, 2021. He further stated that moving forward, BYD would love to be a part of every Indian consumer

OnePlus Buds Pro: Pro Buds, Plus Smarts

2016年6月14日 SHLF 0 Comments

After hitting the bulls-eye with its first two budget truly wireless earphone (TWS) offerings last year, the OnePlus Buds and the OnePlus Buds Z, OnePlus has now set its sights on the premium segment of TWS with the OnePlus Buds Pro. And as you would expect from a brand that insists on Never Settling, the OnePlus Buds Pro are not your routine TWS. They do everything that you would expect from a premium TWS. And well, then they do a lot more. What make the OnePlus Buds Pro so different from anything their competition has to offer is the level of smartness that OnePlus has added to them. And this starts from the most basic function of the buds themselves – the audio. While other TWS let you tweak sound settings to get a sound signature that suits you, OnePlus has come up with the concept of a OnePlus Audio ID, where a special profile is created for you on the basis of a simple test. No more playing around with controls until you get just that right sound. The sound itself is top notch (the Buds Pro have 11 mm drivers) with support for high-definition and Dolby Atmos. But ensuring that nothing comes between you and your audio, the Buds Pro come with active noise cancellation (ANC). Of course, this is no routine ANC. OnePlus has not only included different levels of ANC on the Buds Pro but also has implemented adaptive noise cancellation, a mode in which the levels of noise cancellation change depending on the noise outside. That Battery life incidentally is impressive on the buds, with up to eight hours and thirty eight hours with the case. Of course, the Buds Pro come with support for Warp Charge – ten minutes of charging could give you close to ten hours of listening! And if you are fed up of just listening to the routine calls (which sound great, thanks to very good ENC which keeps external sounds at bay), these TWS have a special Zen Air mode which delivers soothing white noise sounds to take the edge off a noisy day. There The Buds Pro have Bluetooth 5.2 support and connect seamlessly to any smartphone. But the experience takes on a whole new dimension if you have a OnePlus device. Not only do the Buds Pro connect easily but every OnePlus phone even has its own special dedicated app for them, allowing you to tweak settings and also ANC levels and so on, without needing to download an app. No OnePlus phone? You can still do all that, but you will need to download a HeyMelody App for it. All of this in a sleek and stylish package that includes not just dust and water resistant buds, but a water resistant case as well (no, we have not seen that too often). The buds have a simple control system and OnePlus unobtrusive design have made the UI as simple as squeezing the stem which has been made of a different texture, allowing you to distinguish it with a touch. They look smart. They sound smart. And they work smart too. All of which place the OnePlus Buds Pro phenomenal value for money at their price of Rs 9,990. It would be silly to not settle for these.

Thums Up partners with Jasprit Bumrah

2016年6月14日 SHLF 0 Comments

Thums Up has partnered with ICC (International Cricket Council) as an exclusive non-alcoholic beverage partner. The ICC Men The brand has launched a new campaign through which it aims to showcase the arduous journey of Jasprit Bumrah, who against all odds and undesirable opinions, stays committed and rises up to the occasion, by becoming one of the best bowlers in the world. Cricket is a shared passion and one of the most popular sports connecting over a billion Indian fans, across gender, generations and cultures, Arnab Roy, vice president and head-marketing, Coca-Cola India and South West Asia said. The brand continues to pay an ode to the hard work, determination and overcoming of multiple challenges by our players to represent India at such prestigious sporting events. We are proud to welcome Jasprit Bumrah, one of the best fast bowlers in the world, to the Thums Up family. His struggles and life journey embodies the spirit of the brand and will resonate with sports fans around the world, I believe this is an ideal partnership that brings out the natural connect with cricket fans and showcases the resilience and hard work that players coming from varied backgrounds, put in to overcome their challenges and represent our country, After Olympics and Paralympics, in the third installment of the #PalatDe campaign, we will be celebrating the victories of our cricketing heroes over their naysayers, Read Also: Newgen Software elevates Virender Jeet as CEO Follow us onTwitter,Instagram,LinkedIn,Facebook

Voice AI startup Skit raises $23 million in funding from WestBridge Capital, others

2016年6月14日 SHLF 0 Comments

Voice AI company Skit on Wednesday said it has raised USD 23 million (about Rs 168 crore) in funding led by WestBridge Capital. The series B round also saw participation from Kalaari Capital and Exfinity Ventures, Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures and Letsventure syndicate led by Sense AI, a statement said. The capital will be used for sales and marketing, building delivery capabilities and RD to speed up innovation and further enhance the companys products as well as global expansion, it added. Formerly known as Vernacular.ai, Skit had raised funds (USD 5.1 million) in series A round in May 2020. The latest infusion brings the total funding raised by the company to USD 30 million. Skit said it plans to double down and scale operations in both Indian and global markets. Since the last fundraise, the company has been able to increase its revenue and customer growth by over 4x, building a strong partner network across industries such as banking, insurance, e-commerce, consumer durables, travel and logistics, among others, it said. Founded in 2016 by Sourabh Gupta and Akshay Deshraj, Skit has also strengthened its workforce by over 6x since the series A fundraise to about 200 employees. Sourabh Gupta, CEO and co-founder of Skit said the investment comes at a time when the company is making strategic inroads into the US and South East Asian markets. The global contact centre market size is expected to grow steadily and reach a value of USD 496 billion by 2027. To address this sizable growth, we at Skit are using voice bot innovation and our market observations to personalise caller experiences at customer contact centers, and deliver up to 50 per cent cost reduction and superior customer experience, he added.

Separate entry-exit points for students, vaccine beneficiaries at Delhi govt schools

2016年6月14日 SHLF 0 Comments

Delhi government schools doubling up as vaccination centres have set up separate entry-exit points and different sections inside their premises for students and those coming to get anti-Covid jabs. Following a marked improvement in the Covid situation in the national capital, the Delhi government on Friday had announced that schools for classes 9 to 12, colleges and coaching institutions would reopen from September 1. While the government has noted that the vaccination centres and activities like ration distribution which were going on in different schools will continue, the District Disaster Management Authority said the area being used for these activities should be separated from the one which will be used for academic activities. There are 950 government-run vaccination centres in Delhi, many of which are functioning inside government schools. Renu, principal of a government school in Chattarpur said, We have made a SOP for calling students. On Monday and Tuesday, we will be calling class 12 students, Wednesday and Thursday are for class 10 students, and Friday and Saturday for classes 9 and 11 students. The school has 17 rooms for students in one wing while there is a separate wing for vaccinating people. Our school has a strength of 3,200 students and in class 10 alone, we have 490 students. We have opened one wing for them and keep it locked so that students do not venture to the other wing, she said. Another principal of a government school in East Delhi, requesting anonymity, said, We have made separate wings for the vaccination centre and students. But how long will this go on? It puts students in danger of getting infected. Jayanti Gupta, principal of a government school in Rohini, said they made separate entry and exit points for those coming to get vaccinated and the students. Similarly, in two government schools in Molarband Extension, separate entry and exit points have been marked.