India may consider talks with inclusive government in Afghanistan, experts

2017年8月29日 0 Comments

India could talk with a new government in Afghanistan if it is inclusive and has representation of all sections of the society of Afghanistan. Experts have suggested all diplomatic resources be used to ensure that Afghanistan does not become a hub of anti-India activity. It will be a step in the right direction if India decides to engage a section of the Afghan Taliban, they said. According to them there is a need for a long-term strategic approach towards Afghanistan. Adding, When will India talk? After two decades Taliban is back in Afghanistan and are in the process of forming a new government. At the United Nations Human Rights Council on Tuesday, India So far India has made investments in that country touching USD 3 billion and has also sponsored several development projects and had expanded its diplomatic presence through a network of consulates in that country. Connectivity Project Through Chabahar in Iran to Afghanistan was in the process of being developed. India-Russia Telephone Call The prevailing security situation, drug threat and countering the dissemination of the terrorist ideology from Afghanistan was the focus of a 45 minute telephone conversation between Prime Minister Narendra Modi and the Russian President Vladmir Putin on Tuesday. This was the first high-level engagement of India with regional stakeholders in Afghanistan. Russia is one of the countries which have kept its mission in Kabul operational. Also, the conversation between the two leaders comes ahead of the forthcoming BRICS summit of September 9, 2021 where India is holding the Chairship. According to an official statement that was issued by the Kremlin, the two leaders talked about the significance of the coordinated efforts to ensure safety in the region as a whole and peace and stability of Afghanistan. Concerns were also expressed on the drug threat from that country. G-7 G-7 countries in a joint statement issued at the end of virtual meet on Tuesday urged all parties in Afghanistan to establish an inclusive and representative government, including with the meaningful participation of women and minority groups.

TCS share price hits new record high, m-cap tops Rs 13.5 lakh crore; should you book profit?

2017年8月29日 0 Comments

TCS share price hit a fresh record high of Rs 3,697 apiece, rising over 2 per cent in the intraday deals on BSE. With the new record high, Tata Consultancy Services has become the second listed company to top the Rs 13.5 lakh crore market capitalisation. The stock has surpassed its previous high of Rs 3,672.50, touched earlier this week. In last one year, TCS stock has delivered 64 per cent returns, ehile 25.24 per cent so far this year. In one month TCS stock has outperformed BSE Sensex, surging nearly 15 per cent, as compared to a 6 per cent rise in the benchmark index. Technically, TCS is very overbought and investors should book profit at current levels. Rs 3395-3440 will be good levels to re-enter this stock, AR Ramachandran, Co-founder Trainer, Tips2Trades, told Financial Express Online. Currently, the IT bellwether stands at second position in the overall market cap ranking, behind Reliance Industries Ltd (RIL) which has a market cap of Rs 14.51 lakh crore. TCS being the leader in the IT sector has gained from the continuous growth of the IT industry. This sector has been consistently performing well with continuous positive momentum. Analysts say that the main reason behind the positive momentum and healthy revenue growth are strong order bookings, broad based revenue growth and stable margins. The second reason for the healthy revenue growth for the company is the minimal impact of second wave of COVID-19 on the sectoras the work was easily managed from home, Ashis Biswas, Head of Research at CapitalVia Global Research, said. Biswas strongly believes in the further growth of the IT sector as due to Covid-19 a lot of companies This has benefited the company and hence helped them expand their customer base and increase the revenue. This pattern is likely to continue in the coming times as well as it has benefited the companies around the globe to get their work done efficiently at a lower price, he added. (The stock recommendations in this story are by the respective research and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)

Loan-carnival push may yield little: Overall business sentiment needs to improve for credit-growth to regain its mojo

2017年8月29日 0 Comments

Finance minister Nirmala Sitharaman wants banks to hold credit outreach programmes in every district of the country. To be sure, this would prompt lenders to disburse some additional quantum of loans. However, the experience of carrying out such an outreach exercise in 2019 showed it can push credit offtake only to a limited extent. Although loan carnivals were held between October 1-9, 2019, incremental non-food credit at the time did not see any spurt; the increase was a mere 0.22% in the fortnight ended October 11, 2019. That was before the Covid outbreak and the rate of non-food credit growth then was 8.72% year-on-year (y-o-y). Since then, demand has ebbed, and banks have turned more wary, leaving loan growth languishing at 6.2% y-o-y. The idea behind the outreach programmes is to push loans to retail and small business borrowers during the festive season to drive consumption. But, a closer look at data put out by RBI suggests the slack lies in loans to industry and services businesses rather than in the small loans segment. Credit growth to industry actually shrank 0.3% y-o-y at the end of June 2021. The de-growth was contained as a result of the medium industries segment registering a sharp growth of 54.6% in June 2021. Loans to micro and small industries also grew 6.4% in June 2021. The laggard was the large industries segment where loans contracted by 3.4% in June 2021. Credit growth to the services sector decelerated as well9% in June 2021 from 10.7% in June 2020 The shrinkage in credit to large industry is a reflection of significant deleveraging by companies of their balance sheets and also increased borrowing from the debt markets, where money has been available quite cheaply. That, in turn, has affected rates on corporate loans, leading some lenders like Bank of Baroda to consciously run down low-yielding portfolios. Poor margins hurt bottom-lines as much as poor loan growth does. While bankers have spoken of a slow improvement in capex growth, working capital lines remain under-utilised. SBI chairman Dinesh Khara recently observed that while the lender has seen better utilisation of corporate credit lines, the slack was still high at 25%. Retail loans have been the chief driver of credit growth, but they cannot shoulder the burden indefinitely. The second wave of the pandemic in April and May dented household finances across the country, and while there is no definite assessment of the damage, it would not be small. Besides, the household debt-to-GDP ratio has been trending upwards, rising to 37.9% at end-December 2020 from 37.1% at end-September 2020. This rise in indebtedness has happened over a period when interest rates were actually at historic lows. Therefore, banks cannot be faulted for being cautious while extending retail loans. In fact, private players like Kotak Mahindra Bank have been focused on reducing their exposure to unsecured loans. So while encouraging banks to lend aggressively is good, overall sentiment needs to improve for credit to regain its mojo. One way of ensuring this would be to keep up the pace of vaccinations. For a strong and sustained uptick in credit growth, it is imperative that uncertainty is minimised and businesses feel confident enough to invest.

Blood clot risk much higher from COVID-19 than after vaccination: Oxford-led study

2017年8月29日 0 Comments

The risk of developing adverse events such as blood clots is considerably higher after infection with the SARS-CoV-2 virus than after immunisation with Pfizer and AstraZeneca COVID-19 vaccines, according to a large UK study published in the British Medical Journal (BMJ) on Friday. The team led by researchers at the University of Oxford in the UK conducted the study on thrombocytopenia – a condition with low platelet counts – and thromboembolic events or blood clots following COVID-19 vaccination with Oxford-AstraZeneca and Pfizer-BioNTech preventives. Some of these events have led to restricted use of the Oxford-AstraZeneca vaccine, known as Covishield in India, in a number of countries. The researchers compared rates of adverse events after vaccination with rates of the same events after a positive SARS-CoV-2 test result using data from over 29 million people in the UK who received the first dose of either of the two vaccines. They concluded that with both of these vaccines, for short time intervals following the first dose, there are increased risks of some blood-related adverse events leading to hospitalisation or death. People should be aware of these increased risks after COVID-19 vaccination and seek medical attention promptly if they develop symptoms, but also be aware that the risks are considerably higher and over longer periods of time if they become infected with SARS-CoV-2, said Julia Hippisley-Cox, professor at the University of Oxford, and lead author of the research paper. The authors noted that the risk of these adverse events is substantially higher and for a longer period of time, following infection from the SARS-CoV-2 coronavirus than after either vaccine. All of the coronavirus vaccines currently in use have been tested in randomised clinical trials, which are unlikely to be large enough to detect very rare adverse events, they said. When rare events are uncovered, then regulators perform a risk-benefit analysis of the medicine, to compare the risks of the adverse events if vaccinated versus the benefits of avoidance of the disease – in this case, COVID-19. The study used routinely collected electronic health records to evaluate the short-term risks (within 28 days) of hospital admission with thrombocytopenia, venous thromboembolism (VTE) and arterial thromboembolism (ATE), using data collected from across England between December 1, 2020 and April 24, 2021. Other outcomes studied were cerebral venous sinus thrombosis (CVST), ischemic stroke, myocardial infarction and other rare arterial thrombotic events. This enormous study, using data on over 29 million vaccinated people, has shown that there is a very small risk of clotting and other blood disorders following first dose COVID-19 vaccination, said Aziz Sheikh, a professor at The University of Edinburgh, and a co-author of the paper. Though serious, the risk of these same outcomes is much higher following SARS-CoV-2 infection, Sheikh said. The team comprised of UK-based researchers from Oxford, University of Leicester, Guys and St Thomas NHS Foundation Trust, the Intensive Care National Audit Research Centre, the London School of Hygiene and Tropical Medicine, the University of Cambridge, the University of Edinburgh and the University of Nottingham. The authors pointed out some limitations to their study, including restricting the analysis to first vaccine dose only, a short vaccination exposure window, and the potential for misclassification of outcomes or exposures admissions where patients were still in hospital. However, they believe that any bias, if present, is likely to not change with respect to each vaccine, and so the comparisons between vaccines are unlikely to be affected. This research is important as many other studies, while useful, have been limited by small numbers and potential biases, Hippisley-Cox said. Electronic healthcare records, which contain detailed recording of vaccinations, infections, outcomes and confounders, have provided us with a rich source of data with which to perform a robust evaluation of these vaccines, and compare to risks associated with COVID-19 infection, she added. The study underscores the importance of getting vaccinated to reduce the risk of these clotting and bleeding outcomes in individuals, and because of the substantial public health benefit that COViD-19 vaccinations offer, the researchers added.

Shyam Steel ropes in Lovlina Borgohain and Manpreet Singh as brand ambassadors

2017年8月22日 0 Comments

Shyam Steel has roped in Olympic medallists Lovlina Borgohain and Manpreet Singh as the brand ambassadors. Aligned with the mission of As a part of the association, Borgohain and Singh will be included in Shyam Steel Their journeys are epitomes of perseverance, strength and determination, which are also affiliated with our core brand philosophy. We at Shyam Steel are optimistic that their personas will surely create a positive impact on the brand Shyam Steel, reinforcing the values that the brand stands for, This association is a special one and I look forward to a long and fulfilling partnership, The company, an integral partner of building new India, is committed to meaningfully contribute to the realisation of the target of 300 million tonnes steel production by 2030-31. This is in keeping with the National Steel Policy announced by the Government of India towards transforming India into a self-reliant $5-trillion economy, Read Also: Adidas announces Mirabai Chanu as the face of its \u2018Stay In Play\u2019 campaign Read Also: Usha International\u2019s new campaign for kitchen appliances features actor Keerthy Suresh Follow us onTwitter,Instagram,LinkedIn,Facebook

Home loan defaults: Demand, possession, auction notices on the rise as delinquencies climb

2017年8月22日 0 Comments

Demand and possession notices for apartments bought using home loans have been on the rise as delinquencies climb in the segment. Over the last few weeks, banks and non-banking financial companies (NBFCs) alike have sharply increased the volume of homes they repossess and put up for auction. The notices have been put out by lenders across the public and private sectors, with institutions like IDBI Bank, Union Bank of India, Bandhan Bank, IIFL Home Finance, Tata Capital Housing Finance, Muthoot Housing Finance and Manappuram Home Finance, among others. The recovery amounts fall in the wide range of just under Rs 1 lakh and up to Rs 95 lakh. There are three processes they are employing The trend of recoveries through auctions are likely to continue into the third and fourth quarters of the current year, he added. A similar trend of auction notices had been observed in the January-March quarter with respect to gold loans. Thereafter, most lenders with a sizeable gold loan portfolio reported a deterioration in asset quality in that segment. Bankers said that the notices work more as a wake-up call for the borrower than as an actual announcement of auctions. Of course, there are stages to making recoveries through the auction route. The lender first issues a demand notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, seeking repayment of outstanding dues within a stipulated period. If the demand is not met, it then puts out a possession notice and then finally a sale notice. All three kinds of notices now cover entire pages of newspapers. Historically, a home loan is considered the safest variety of credit because there is a security attached to it and most borrowers want to avoid losing their homes. However, the second wave of the pandemic has dealt a huge blow to some borrowers, causing home loan slippages to rise. Bankers said that the pain is severest in the self-employed category because their income streams have been affected due to repeated lockdowns and mobility restrictions. Unlike in the first half of FY21, there is no moratorium in the current year and that has caused higher delinquencies. State Bank of Indias (SBIs) gross non performing asset (NPA) ratio in the home loan segment stood at 1.39% as on June 30, though it improved to 1.14% thereafter. SBI chairman Dinesh Khara said after the bank I think the essential stress seen in this book is on account of disruption in cash flows for the SMEs, Analysts expect collection trends to improve in the days ahead. In a recent note, Emkay Global Financial Services said that banks expect some NPAs from the inflated special mention account (SMA) pool to spill over into Q2, while the restructured pool too should inch up. Within retail, recovery rates should improve in secured mortgages and gold loans as stress formation in those segments was higher than expected due to impaired mobility, which has normalised now,

Madhya Pradesh UG Admissions 2021: MP board opens registration widow once again for UG courses — here’s how to apply

2017年8月22日 0 Comments

Madhya Pradesh UG Admissions 2021: The second round has been opened for candidates seeking admission in undergraduate (UG) courses. The Madhya Pradesh Higher Education Department has once again opened windows for students who have successfully passed class 12th and are looking for admission undergraduate courses. The students can visit MP online portal-epravesh.mponline.gov.in to get admission and dig for more information regarding the admission and courses. The second round will be open for students from August 28 to September 3 and this time applicants will be able to fill their choices in the same time period. The first round took place on August 20 and more than 4 lakh applicants had registered for UG admissions in the first round. Heres how you can apply for Madhya Pradesh UG Admissions 2021 First step would be to visit the official website of Madhya Pradesh Online Portal, epravesh.mponline.gov.in. Now go to the Candidates are expected to receive their allotment letters by September 10. Online fee has to be submitted between September 10-14. Also, the admissions in the state would be conducted as per the National Education Policy (NEP) 2020. The Madhya Pradesh government has introduced 79 subjects in the UG courses from this year onwards.

Antony Blinken says America has begun new diplomatic mission in Afghanistan, moves embassy to Qatar

2017年8月22日 0 Comments

The United States has begun a new diplomatic mission in Afghanistan, Secretary of State Antony Blinken said as the US withdrew its last troops from the country ending the 20-year war in the South Asian nation. Blinken said the US has shut down its diplomatic mission in Kabul and moved the embassy to Doha in Qatar. Now, US military flights have ended, and our troops have departed Afghanistan. A new chapter of Americas engagement with Afghanistan has begun. Its one in which we will lead with our diplomacy. The military mission is over. A new diplomatic mission has begun, Blinken said in his address to the nation. More than 1,23,000 people have been safely flown out of Afghanistan, including about 6,000 American citizens, he said. This has been a massive military, diplomatic, and humanitarian undertaking – one of the most difficult in the US history – and an extraordinary feat of logistics and coordination under some of the most challenging circumstances imaginable, Blinken added. As of today, we have suspended our diplomatic presence in Kabul, and transferred our operations to Doha, Qatar, which will soon be formally notified to Congress. Given the uncertain security environment and political situation in Afghanistan, it was the prudent step to take, he said. And let me take this opportunity to thank our outstanding charge daffaires in Kabul, Ambassador Ross Wilson, who came out of retirement in January 2020 to lead our embassy in Afghanistan, and has done exceptional, courageous work during a highly challenging time, Blinken said. For the time being, we will use this post in Doha to manage our diplomacy with Afghanistan, including consular affairs, administering humanitarian assistance, and working with allies, partners, and regional and international stakeholders to coordinate our engagement and messaging to the Taliban. Our team there will be led by Ian McCary, who has served as our deputy chief of mission in Afghanistan for this past year. No ones better prepared to do the job, he added. Blinken said the US will stay focused on counterterrorism. The Taliban has made a commitment to prevent terrorist groups from using Afghanistan as a base for external operations that could threaten the United States or our allies, including Al-Qaida and the Talibans sworn enemy, ISIS-K. Here too, we will hold them accountable to that commitment, he said. But while we have expectations of the Taliban, that doesnt mean we will rely on the Taliban. Well remain vigilant in monitoring threats ourselves. And well maintain robust counterterrorism capabilities in the region to neutralise those threats, if necessary, as we demonstrated in the past few days by striking ISIS facilitators and imminent threats in Afghanistan and as we do in places around the world where we do not have military forces on the ground, Blinken said. He said the US will continue its relentless efforts to help Americans, foreign and Afghan nationals who want to leave the war-torn country. Of those who self-identified as Americans in Afghanistan, who were considering leaving the country, weve thus far received confirmation that about 6,000 have been evacuated or otherwise departed. This number will likely continue to grow as our outreach and arrivals continue, he added. Blinken said that there are still a small number of Americans – under 200 and likely closer to 100 – who remain in Afghanistan and want to leave. Were trying to determine exactly how many. Were going through manifests and calling and texting through our lists, and well have more details to share, as soon as possible. Part of the challenge with fixing a precise number is that there are long-time residents of Afghanistan who have American passports, and who were trying to determine whether or not they wanted to leave, Blinken added. He said the protection and welfare of Americans abroad remains the State Departments most vital and enduring mission. If an American in Afghanistan tells us that they want to stay for now, and then in a week or a month or a year they reach out and say, Ive changed my mind, we will help them leave, he said. Additionally, weve worked intensely to evacuate and relocate Afghans who worked alongside us, and are at particular risk of reprisal. Weve gotten many out, but many are still there. We will keep working to help them. Our commitment to them has no deadline. Third, we will hold the Taliban to its pledge to let people freely depart Afghanistan, he added. Blinken said the Taliban has committed to let anyone with proper documents leave the country in a safe and orderly manner. On Friday, a senior Taliban official said it again on television and radio, and I quote: Any Afghans may leave the country, including those who work for Americans, if they want and for whatever reason there may be, end quote. More than half the worlds countries have joined us in insisting that the Taliban let people travel outside Afghanistan freely, he said. As of today, more than 100 countries have said that they expect the Taliban to honor travel authorisations by our countries. And just a few hours ago, the United Nations Security Council passed a resolution that enshrines that responsibility – laying the groundwork to hold the Taliban accountable if they renege, he added.

Strategic signaling to China as QUAD navies participate in Ex-Malabar in Guam

2017年8月15日 0 Comments

The 25th edition of Ex MALABAR-21 being hosted by the US Navy in Western Pacific would witness complex exercises including anti-air and anti-submarine warfare, tactical and anti-surface drills, and other manoeuvres. According to the Indian Navy, During this phase, Vice Adm AB Singh exchanged views with his counterparts in the US Navy. More about Ex Malabar Led by Rear Admiral Tarun Sobti, Flag Officer Commanding Eastern Fleet, besides the P-8I patrol aircraft, Shivalik-class multi-role stealth frigate INS Shivalik (F 47), and Kamorta-class anti-submarine warfare corvette INS Kadmatt (P 29) have been deployed for the drill in the Philippine Sea. Representing the JMSDF is Izumo-class multi-purpose operation destroyer JS Kaga (DDH 184), Murasame-class destroyers JS Murasame (DD 101) and JS Shiranui (DD 120). And JMSDF P-1 patrol aircraft. Australia has deployed Anzac-class frigate HMAS Warramonga (FFH 152). As reported earlier by Financial Express Online, the US Navy is being represented by three warships including destroyers, and maritime reconnaissance aircraft P-8A. These include Arleigh Burke-class guided-missile destroyer USS Barry (DDG 52) USS Barry, and Military Sealift Command According to an official statement available on the US Embassy New Delhi website participating in the exercise are maritime patrol and reconnaissance aircraft P-8A from Task Force 72 and Naval Special Warfare forces. Aim of Malabar Besides the focus being on interoperability among the QUAD navies, it is a message to China that India is not alone. It is And the ultimate goal of joint naval manoeuvres in Malabar is demonstrating the collective capability of the QUAD navies in the maritime domain. When did Malabar start? In 1992, Malabar series of maritime exercises started in the bilateral format JMSDF joined Malabar in 2015 as a permanent member. This was followed by the Royal Australian Navy participating in the drill in 2020. This is the second time that Malabar is taking place off the coast of Guam. The first time it was in 2018 when only the Indian Navy, the Japanese and the US Navy had participated.

Rs 10,000/month SIP in this Mutual Fund would have given you Rs 1.08 crore in 17 years!

2017年8月15日 0 Comments

ICICI Prudential Value Discovery Fund has completed 17 years in existence. The scheme witnessed significant investor interest over the years, emerging as one of the largest schemes in the value category, with a total asset under management (AUM) of Rs 21,195 crore (as of 31st July, 2021). This fund follows a value investment style by investing in a diversified portfolio of stocks that have attractive valuations but are quoting at a discount to their intrinsic value. The scheme has returned a CAGR of little over 20 percent in 17 years. If an investor had invested a lumpsum of Rs. 1 lakh at the time of inception (August 16, 2004), as of July 31, 2021, that investment would have been worth Rs. 22.13 lakh i.e. a CAGR of 20.03%. In the same time frame, the Nifty 50 TRI (Additional benchmark) delivered a CAGR of 15.91% and the corresponding worth of investment would be Rs. 12.24 lakhs. (As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available). In terms of SIP performance, a monthly investment of Rs 10,000 via SIP since the inception, (total investment of Rs 20.4 lakh), would have grown to Rs 1.08 crore as of July 31, 2021 i.e. a CAGR of 17.5%, said ICICI Prudential in the statement. ALSO READ | The rising cost of luxury: Prices of expensive homes, cars, goods compared to 2010 levels A similar investment in Nifty 50 would have yielded a CAGR of 13.22% for the same period. The returns are calculated by XIRR approach assuming investment of Rs 10000 on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Commenting on the 17 years completion, Nimesh Shah, MD CEO of ICICI Prudential AMC said in a statement, Until September 2020, value was out of favour which was also the case even during 1988-89 and 2007-2008. Similar was the case in 2007 when infrastructure was in focus. Hence, we believe that value investing at a time when market are elevated tends to do well as value focuses on investing in sectors which are out of favour but offer long term potential,