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Maruti Suzuki is inviting applicants for its sixth Mobility Automobile Innovation Lab (MAIL) programme. Applicants eligible are early-stage startups working in the mobility and automobile space. The winning startups will have the opportunity to undertake a paid Proof of Concept (PoC) with the carmaker. They will have the chance to turn their ideas into practical solutions and showcase their entrepreneurial capabilities. The idea behind the MAIL program is to bring startups with innovative ideas together and collaborate with them to come up with solutions for the automotive and mobility space. Maruti Suzuki first launched the MAIL program in January 2019. In the last two years, we have had an encouraging experience through the MAIL initiative. Already 25 startups are engaged with us and 13 Proof of Concepts have been enabled. Several of these are successfully bringing value to the business of the automobile industry. The sixth cohort will help to expand the initiative further and strengthen the culture of innovation, as we co-create solutions for our customers, business and the industry.\u201d
Even as the office retains its place in a working set-up being reshaped in a post-COVID world, aspirations are increasing from the modern workplace while homeworking is still preferred, according to JLL As per the survey findings, almost 75% of the surveyed employees want to work from office at least once a week compared to 52% in October 2020. Significantly, still 79% employees today want to work from home at least once a week compared to 84% in October 2020, indicating that homeworking as part of flexible work patterns is a key desire. Close to 91% of the respondents favour flexible working hours. The priorities of the workforce have undergone a shift with an empathetic employer and work-life balance being their key asks, even ahead of a comfortable salary. The pandemic has prioritized working in an environment that puts health and well-being at the forefront. While the workforce shifted seamlessly to Work From Home (WFH) due to the pandemic for over a year now, the prolonged and enforced homeworking has brought to the fore the need to The social interactions that an office space provides are being sorely missed, to the extent that 41% of the workforce is craving Amongst the most missed aspects of the weekly routine, coffee and socializing in social activities, personal time for relaxing and spending time with family stand out. India prefers homeworking, but balance in working patterns has emerged as a key theme. 79% of the workforce wants to work remotely from home at least once in a week, and this number goes up to 89% when a third-party place of work is added. An ideal working week, post Covid, seems to be one where employees spend three days working remotely and two days in office, with office remaining a key element to the aspirational working regime. According to the survey, 21% of the workforce does not want to work from home in the future, as opposed to 16% in October last year. However, flexibility is becoming more attractive. 91% of the workforce want to choose their schedules and working hours as per the latest results, up from 69% as per the October 2020 survey results. A caring employer and This will act as a barometer for the employers and occupiers to understand changing needs from the workplace and workplace strategies, which will provide a more balanced work-life pattern to employees as they aspire to return to purpose-led offices in the future. Almost 60% of those surveyed believe that a workplace that promotes a healthy lifestyle and safety is a key priority. There is a greater understanding and need for work-life balance amongst employees now. We are also seeing the need for human connection gaining prominence amongst employees as they crave social connections and emotional engagements in the workplace. Companies will need to be mindful of the requirement for more flexible work patterns even as they are putting greater focus on the well-being of employees and extending support to help employees navigate an array of health challenges, JLL However, office satisfaction rate has also dropped as employees now have renewed expectations of their office environment. While there is a dip in productivity levels at home, a significant number still feel more productive at home. But more employees are looking forward to Employees are more demanding about what the office should offer them in the future. They are looking for a working ecosystem that facilitates flexible work arrangements, physical and financial safety, and a desire for spaces that create a strong sense of community and culture,
Nifty futures were ruling 85.50 points or 0.51 per cent up at 16,810.50 on Singaporean Exchange, suggesting that Nifty 50 index may scale new highs on Monday. In the previous session, equity benchmark indices scaled new closing highs, with the 30-share BSE index closing above the 56,000-mark for the first time. Indian stock markets will be guided by macroeconomic data, auto sales numbers and global trends this week. The texture of the chart suggests that the 10 days SMA or 16550 would be the sacrosanct level for the breakout in Nifty. If the index crosses the level, the uptrend could continue up to 16825-16950 levels. On the flip side, dismissal of 16550 may trigger temporary weakness till 16375-16300 levels, Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities, said. Bharti Airtel: Bharti Airtel will raise up to Rs 21,000 crore through a rights share offering, the telecom operator said on Sunday after it board okayed the issue at Rs 535 apiece, including a premium of Rs 530 per share. The shares will be issued in the ratio of 1 for every 14 held. IndiGo: IndiGo on Sunday said it has appointed Gregg Saretsky as a special advisor and he will work closely with the executive leadership team to accelerate operational and commercial improvement opportunities at the airline. Tata Steel: Tata Steel will invest Rs 8,000 crore in capital expenditure on its India operations during the current financial year, the company Nazara Technologies: The Board of Directors of Nazar Technologies have approved to make strategic investment for the proposed acquisition of 10,000 equity shares of Rs 10 each representing 100% of the issued and paid up share capital of OpenPlay Technologies Private Limited (OpenPlay) from its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP at a consideration of Rs 186.41 crore, in one or more tranches. Coal India: Coal India arm Northern Coalfields Ltd dispatched the highest ever coal in a single day on August 27, the coal ministry said on Saturday. 87 lakh tonnes,\u201d the coal ministry said in a statement
Former India captain Dilip Vengsarkar strongly advocated the inclusion of stylish Mumbaikar Suryakumar Yadav as the sixth specialist batsman in the fourth Test against England, starting September 2. India lost the third Test by an innings and 76 runs but skipper Virat Kohli despite the consistent failures of the middle-order is bullish about playing five specialist bowlers. I dont like to sound as if its a knee-jerk reaction but I firmly believe we need to strengthen our batting line-up by including Suryakumar Yadav ahead of Hanuma Vihari. We should drop a bowler and go in with six batsmen, Vengsarkar, one of the best national selection committee chairmen told PTI in an exclusive interaction. Also Read Vengsarkar believes that Surya, who has a 44 plus average in first-class cricket has the talent and temperament to make a difference for India in the next Test match. Surya can match (in terms of skills) with the best in this Indian team and since hes around for sometime now he should be included before its too late, Vengsarkar said. The 30-year-old Surya, who has had an impressive white ball debut this year was called up on SOS basis after Shubman Gill got injured along with pacer Avesh Khan. The 65-year-old Vengsarkar, a veteran of 116 Tests, also seemed baffled as to why Ravichandran Ashwin is not in playing eleven. Why Ashwin is not been picked so far is a mystery to me? Vengsarkar seemed perplexed. You leave out your best spinner out of the playing eleven to me is hard to digest, the Lord of Lords wondered aloud. India will have to play with four bowlers and six batsmen if they have to win the remaining games, added Vengsarkar, who has 6,868 Test runs with 17 hundreds to his name.
By Siddhartha Gupta, When the future arrives too early, you shake hands with it and commence your journey. The ability to sustain the transition comes gradually, as you experiment, fail, succeed, learn and tweak your processes. The digitization of education has been a long-pending agenda of the education sector and government. But egged by the Coronavirus-induced pandemic, the future of education has been fast-tracked to unimaginable levels. The available technology and innovations make the entire end-to-end management and integration of education feasible remotely – from admissions to classes to examinations to results declaration to students Admissions In the admissions space, new startups like NoPaperForms and School Mint enable universities to take stock of multiple channels from which students apply, engage with them through various activities, arrange for counseling sessions, and admit them for different courses. Classrooms A generation ago, students didn Today, they have the advantage of learning anytime, from wherever they want. They can grasp complex subjects, ranging from coding to biology to mathematics, through three-dimensional models leveraged by digital multimedia platforms and simulators. A bevy of Edutech platforms is meeting this demand for online classroom learning. Interestingly, the revenue for WhiteHat Jr crossed INR 16 crore for FY20! Meanwhile, the annual revenue rate (ARR) of UpGrad grew to a whopping INR 1200 crore. The current Indian Edutech industry market is pegged at USD 700-800 million and expanding at a CAGR of 8.62%. It is expected to grow to USD 404 billion by 2025 globally. Besides, due to the accelerated pace of digital transformation, the skills that we teach students today won Therefore, our curricula mandate vast innovations, experiments and sweeping changes. Parents, too, are willing to partake in future-readiness and in-demand job skilling of children, leading to the emergence of virtual classes for coding, music, foreign languages, AI, ML, and data science for K-12 education. Examinations In the online examination space, AI-and-ML-powered remote proctoring technologies and examination platforms empower institutions to shift their end-to-end exam processes online. Such platforms are built to track cheating malpractices, such as the use of mobile phones during examinations, the presence of people other than the test-taker in the room, detect various speakers and mark each voice to separate the speakers in the vicinity and record audio and video feeds of the candidates. They can accurately detect up to 98% of cheating instances for 18 kinds of digressions. The examiners can refer to such flags and a system-generated A host of popular examination platforms offer authentic, credible and cheating-proof examination processes, providing a seamless experience to students and universities. These platforms also eliminate various hassles in giving and taking traditional center-based exams for students and educators alike. Some of them include traveling to the exam venues, booking hundreds of exam centers, storing answer sheets dating back to 8-10 years, and pre-exam jitters that accompany such an exercise. The list is exhaustive! Students from the farthest corners of the country can appear for their exams in tier-1 cities, which lends a level-playing, giving everyone a fair and equitable chance at education and college of their choice. Placements Coming to virtual student placements, a plethora of solutions on the market assuage the challenges in conducting campus hiring placements at a time when social distancing and coronavirus-mandated interventions are non-negotiable. Online campus hiring solution suites help universities, irrespective of their location, simultaneously conduct virtual campus drives in multiple cities. Colleges can access campus intelligence and management solutions and strategically plan for the skills for which they want to hire. Such intelligence, built over a few years, could provide companies with data-driven analyses of the best talent and the colleges from which the students come, helping them establish enabling partnerships with universities. Students can be assessed through remote-proctored tests, interviewed using virtual interview tools and engaged through exciting hackathons and ideathons in virtual campus placements. This mechanism also enables students to gain a first-hand perspective of their work, prospective employer and organizational culture. Besides, it lends incredible convenience and competitive advantage to companies that wish to hire the best-fit candidates every year from across the country. Additionally, the recent global interest in Indian startups needs a special mention. It The demand for convenience, rise in non-discretionary incomes, and ever-growing technological advancements make this an exhilarating domain. Most barriers in the transition to online education are behavioral. However, we all needed this learning trajectory. Students, professors, and education sector decision-makers are steadily molding our perspectives for the better. Though online education will take some time to cover the vast geographical expanse of our country, we are headed in the right direction. The modern-age organizations and tools are effectively meeting the demands and challenges of the current times, streamlining processes and lending accessibility as we usher in a new era of education. (The author is CEO, Mercer | Mettl. Views expressed are personal and do not reflect the official position or policy of the Financial Express Online.)
The central governments fiscal deficit stood at Rs 3.21 lakh crore or 21.3 per cent of the budget estimates at the end of July, as per the data released by the Controller General of Accounts (CGA) on Tuesday. The deficit figures this fiscal appear much better than the previous financial year, when it soared to 103.1 per cent of the estimate, mainly on account of a jump in expenditure to deal with the COVID-19 pandemic. The fiscal deficit or the gap between expenditure and revenue for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP), better than 9.5 per cent projected in the revised estimates in the Budget in February. As per the data, the central governments total receipts stood at Rs 6.83 lakh crore or 34.6 per cent of corresponding BE 2021-22 up to July 2021. The total receipts were 10.4 per cent of the BE of 2019-20 in the same period of the last financial year. Of the total receipts till July 2021, Rs 5,29,189 crore was tax revenue (net to centre), Rs 1,39,960 crore non-tax revenue and Rs 14,148 crore non-debt capital receipts. Non-debt capital receipts consist of recovery of loans worth Rs 5,777 crore and disinvestment proceeds of Rs 8,371 crore. Further, Rs 1,65,064 crore was transferred to state governments as devolution of share of taxes by the Centre up to July 2021. The governments total expenditure was Rs 10.04 lakh crore or 28.8 per cent of the corresponding BE 2021-22. The expenditure was 34.7 per cent of BE of 2019-20 in the same period last fiscal. Of the total expenditure during the first four months of the current fiscal, Rs 8,76,012 crore was on the revenue account and Rs 1,28,428 crore on the capital account. Out of the total revenue expenditure, Rs 2,25,817 crore was on account of interest payments and Rs 1,20,069 crore towards major subsidies.
For the lovers of action films, the much awaited trailer of Red Notice featuring Dwayne Johnson is out. Apart from the magnetic presence of Johnson in the film, the cast of the film is filled with many other heavyweights including Gal Gadot, Ryan Reynolds among others. From the look of the trailer, the film appears to be a rollercoaster ride for action film geeks. The central plot of the film revolves around the character of Dwayne Johnson who plays a FBI agent and is aiming to arrest The Bishop which is being played by Gadot. During his task of arresting The Bishop, Johnson teams up with Ryan Reynolds From the fast paced trailer of the film, one can gauge that the film has been shot at various locations around the world as the three characters travel from one part of the world to another in the cat and mouse game. With Johnson on the sets, it is impossible to not have some of the finest action sequences in the film with flawless delivery. On top of the three heavyweights present in the film, what pulls up the potential of the film by few notches is the fact that the film will be directed by Rawson Marshall Thurber who has works like Skyscraper, Central Intelligence and We The official synopsis of the film gives out pretty much the whole plot of the film at the outset by stating that an Interpol issued Red Notice has been issued against The Bishop and Johnson has been entrusted with the responsibility of nabbing the worlds most wanted and greatest art thief. Teamed up with Ryan Reynolds In the middle of the jaw dropping action sequences, the film has a lot to offer including a dance sequence, secluded prison, deep jungles and the presence of the three top performers throughout to entertain the audience.
By Abhishek Chinchalkar In December 2020, SEBI started implementing peak margin reporting in the equity cash and FO, currency FO, and commodity FO segments. The move has been carried out in four phases of quarterly, 25 percent increment, reaching 100 percent by September 2021. This would mean that effective September 1, 100 percent of the total margin would be required for initiating even intraday positions. While this would have no impact on positional traders, intraday traders would have to pay a much higher margin. But it is not all gloom here as there exist several hedge strategies with which one can avail margin benefits. Naked positions, such as long\/short futures and short options, have unlimited risks and would soon require 100% margin. However, what if instead of going only long futures, you also buy a put option having the same underlying, quantity, and expiry? Well, in that case, the risk would reduce significantly. This is because if the underlying declines, the losses that the long futures position suffers would be offset by the gains that the long put position makes. What we have here is a hedge (long put acting as a hedge to long futures). This strategy is called a Protective Put. While buying a naked Nifty futures position requires an overnight margin of over a lac rupees, did you know that hedging it by buying a Put option reduces the total margin by nearly two-thirds? There are several such hedging strategies that could be deployed to lower the margins for a position. Furthermore, selling a naked call option exposes one to potentially unlimited risk. But what if one simultaneously buys a 15600CE? Well, doing so would not only limit the risk, but it would also lower the total margin needed to just under Rs 30,000 This represents a margin reduction of around 70%! This two-legged strategy is known as the Bull Call Spread. Let us now take another example. Selling an ATM 15700CE and 15700PE requires a combined margin of around Rs 1.14 lakh. This strategy of selling a Call and a Put having the same, ATM strike is known as Short Straddle. Once initiated, a Short Straddle benefits if the underlying consolidates near the strike price and volatility shrinks. However, as this strategy exposes one to unlimited risk, if there is an unexpected pickup in volatility and the underlying starts trending sharply, the losses could get catastrophic, if not managed well. Such a risk could be reduced by adding wings to the Short Straddle, which is by buying an OTM Put and an OTM Call. Let us say we buy a 15500PE and a 15900CE. Adding these two legs would not only limit the risk but would also reduce the total margin required to around Rs 50,000, representing a margin reduction of more than 50%! This four-legged strategy is known as Short Iron Butterfly. As can be seen from the above, the benefits of a hedging strategy are two-folds. One is that the overall margin required can reduce substantially, while the other is that the risk can also reduce significantly. Having said that, there are drawbacks too. By deploying a hedging strategy, the profit potential and the probability of profit also tends to reduce. For instance, in case of the Short Straddle strategy above, the maximum potential profit of the strategy is around Rs 17,500 while the probability of profit is around 55%. On the other hand, deploying a Short Iron Butterfly above instead of a Short Straddle would lower the maximum profit to just around Rs 8,000 and the probability of profit to just around 27%. You need to take this into consideration. Hence, there is a trade-off when initiating a hedging strategy. You need to diligently assess the pros and the cons of the strategy before deciding to initiate one. These include looking at the risk\/reward structure of the strategy, the payoff, your view on the underlying instrument, your expectations of volatility, the probability of profit, the margin required, etc. Concluding Despite the unpopularity of SEBI This is a big boon to traders as it helps them to deploy their trading capital more efficiently and increase the return on capital too. The reduced margin requirements allow traders with low capital to diversify their risk across various symbols, strategies, and strike prices. (Abhishek Chinchalkar is a CMT Charterholder and Head of Education at FYERS. The views expressed are the authors own. Please consult your financial advisor before investing.)
The value and term of a life insurance policy largely depends on a person There are several factors that contribute to determining the sum assured required by a person and all such factors drastically alter insurance needs as one grows in life. At the beginning of a career, one doesn Hence the normal instinct is to postpone taking life insurance till one gets married or even till the responsibility grows with the arrival of a child in the family. At this stage, one feels that he must provide for financial protection to the child and the spouse. Need for a term plan A young man at the threshold of his working life is a potential wealth creator not only for himself but also for his parents, spouse and children; and his sudden demise because of sickness or accident might cause unimaginable hardship to the surviving members of the family. A term insurance policy with riders to maximise insurance protection at a minimum cost would be the right choice at this stage of life. The next stage is when one is creating assets by committing oneself to a few EMIs. There is nothing wrong in resorting to affordable borrowing for making life more comfortable. But such financial liabilities make the dependent family members financially vulnerable if the bread-earner succumbs to an accident or a fatal disease or even a pandemic. The term insurance policy taken earlier could be utilised for releasing the mortgages or repaying the loan. However, to maintain the family A term insurance policy taken 10 years back would be insufficient in providing the required corpus. The average sum assured for life policies today is almost double the average sum assured ten years back. Opt for riders It is advisable to buy one more policy with additional sum assured and riders such as double accident benefit, critical illness benefit, family income benefit rider, waiver of premium rider, etc. One or two policies for taking care of a childs education in the absence of father or mother is recommended at 40-45 years. Life insurers are the only providers of long-term care when one needs support and services but cannot earn himself to provide for such facilities. Hence, during the middle of one Annuity for retirement These products provide lifelong annuity payable monthly, quarterly, half-yearly, or annually. The annuity rates depend on the age of the annuitant and on the deferment period, the duration after which funding stops and annuity commences. Every policyholder must look at this product well on time as delayed purchase of the annuity plans means a lower annuity rate for the annuitant. Joint-life annuity plans provide lifelong financial security to the spouse, too. Life insurance is cheaper when you are younger. But reviewing one Cheaper at a younger age does not mean saying The writer is former MD CEO, Star Union Dai-ichi Life
Greenery along National Highways: Under the National Green Highways Mission (NGHM), more than 5,000 kilometres of avenue plantation works worth an amount of Rs 650 crore have been executed by the government so far. According to a document issued by the Road Transport and Highways Ministry, the stretches of national highways identified for plantations include NH-707 (103.55 kilometre long Poanta Sahib – Gumma Fediz stretch in the state of Himachal Pradesh), NH-158 (116.75 kilometre long Ras – Beawar – Mandal stretch in the state of Rajasthan) and NH-70 (109.41 kilometre long Hamirpur – Mandi section of Himachal Pradesh), among others, a PTI report said. According to the ministry document, the government plans to carry out plantations along the National Highways with participation of the local communities, NGOs, farmers, private players, government agencies as well as Forest Departments (state level). Till now, more than 5,000 kilometres of avenue plantation works have been executed, which is worth Rs 650 crore, the document by the Road Transport and Highways Ministry stated. It further mentioned that green corridors, relevant from both climate mitigation as well as adaptation perspective, are being considered as a solution to fulfil the nations commitment for voluntary reduction of carbon emissions. The National Green Highways Mission was launched by the Union Ministry of Road Transport and Highways following the promulgation of a Green Highways Policy in the month of September 2015. The eco-friendly step was taken considering the importance of road network in generation of employment, economic growth, and reduction of poverty on one hand and the need to minimize adverse effects of forest diversion, vehicular pollution, and felling of trees. On 21 August 2020, a mobile application Harit Path was launched by Union Minister of Road Transport and Highways Nitin Gadkari in order to monitor the plantation along the national highways, the report added.