ICICI bank files cheating case against Karvy Stock Broking Ltd

2019年6月25日 0 Comments

A case has been registered against Karvy Stock Broking Ltd promoter C. Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore. According to a press release issued by the police on Tuesday night, the case was booked under Sections 406 (criminal breach of trust), 420, r\/w 34 ( cheating) of IPC against the accused. Funds raised by KSBL by pledging shares of its six bankers were transferred to the firms own bank accounts, and not into Stock Broker Client Account, which is in contravention with the SEBI guidelines, the police said. Further, all pledges on securities were closed without approval and securities were transferred to end clients of KSBL thereby severely impacting security of all lenders including ICICI Bank, it said. The case was transferred to Economic Offences Wing of Cyberabad and a special team was formed for the investigation. Parthasarathy was arrested by the city police here on August 19 on charges of defaulting on a Rs 137 crore loan taken from IndusInd Bank.

Covid-19: Which states allow RT-PCR test exemptions for the vaccinated? Here is the list of travel guidelines

2019年6月25日 0 Comments

As the country In addition to scrapping mandatory Covid-19 tests, several states are also removing quarantine rules for fully or partially vaccinated travellers. However, despite the progressive reopening of the economy, conflicting rules across states end up confusing flyers. RT-PCR test for travellers Several state governments and city administrations had made a negative RT-PCR test, conducted a maximum of 48 hours before travelling, mandatory to stop an infected individual from entering their jurisdictions. With vaccinations gathering pace, many states have scrapped this requirement. Travel guidelines for states While some states have completely removed testing requirements, some have put exemptions in place only for vaccinated travellers. However, there are still states and cities that are seeking a negative RT-PCR report, even in the case of fully vaccinated travellers, in some instances. State-wise guidelines Mandatory RT-PCR test: The likes of Andaman, Chhattisgarh, Ladakh, Mizoram, Jharkhand, and Tripura require flyers to furnish a negative RT-PCR report conducted between 48 and 96 hours before travel. Vaccinated travellers: Assam and Meghalaya conduct a Covid-19 test on arrival. However, Assam requires prior test and vaccination for exemptions. Chandigarh, Kerala, Rajasthan, Punjab, and Sikkim have granted exemptions if one vaccine dose is taken. Rajasthan, however, requires a mandatory test no older than 72 hours if not vaccinated. Uttarakhand, Goa, Manipur, and Maharashtra require a negative Covid-19 report conducted within 72 hours prior to travel. Travellers who have taken the second dose 15 days prior to travel (14 days for Goa) are exempted. Nagaland, on the other hand, requires a weeklong quarantine if only one vaccine dose is taken. A negative Covid-19 test conducted within 72 hours of travel is also required. Rules based on origin and destination Several city and state administrations have imposed strict rules for travellers from certain parts, especially those with high Covid-19 caseloads. Darbhanga in Bihar requires a mandatory negative report no older than 72 hours for travellers from Delhi, Maharashtra, Kerala, and Punjab. Meanwhile Surat, in Gujarat, requires a negative report for all non-vaccinated travellers. Officials at Srinagar airport in Jammu Kashmir conduct Rapid Antigen Tests if travellers do not have a RT-PCR report, while Karnataka requires negative Covid-19 report no older than 72 hours for flyers from Maharashtra and Kerala. Tamil Nadu, meanwhile, conducts mandatory tests for non-vaccinated flyers from Kerala. For non-vaccinated flyers from other states, a negative RT-PCR report conducted a maximum 72 hours before travel has been made mandatory. West Bengal has also made negative reports mandatory for all travellers from Pune, Mumbai, and Chennai and non-vaccinated travellers from other regions. Uttar Pradesh, on the other hand, has different rules for travellers from different regions, depending on where they land. Flyers arriving in Lucknow from Nagaland, Sikkim, Manipur, Kerala, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, and Maharashtra need to furnish a negative test report undertaken within 96 hours of travel. All flyers to Agra will be subject to tests on arrival, while travellers to Varanasi or Bareilly are required to show a negative report no older than 72 hours. However, fully vaccinated travellers to Varanasi or Bareilly are exempt from this rule. Flyers to Kanpur from Delhi will also be required to undergo testing on arrival. Central guidelines While the Centre has advised states to scrap mandatory RT-PCR reports for the fully vaccinated, some continue to insist on testing pre-arrival or on-arrival.

SpaceX launches ants, avocados, robot to space station

2019年6月25日 0 Comments

A SpaceX shipment of ants, avocados and a human-sized robotic arm rocketed toward the International Space Station on Sunday. The delivery A recycled Falcon rocket blasted into the predawn sky from NASAs Kennedy Space Center. After hoisting the Dragon capsule, the first-stage booster landed upright on SpaceXs newest ocean platform, named A Shortfall of Gravitas. SpaceX founder Elon Musk continued his tradition of naming the booster-recovery vessels in tribute to the late science fiction writer Iain Banks and his Culture series. The Dragon is carrying more than 4,800 pounds (2,170 kilogrammes) of supplies and experiments, and fresh food including avocados, lemons and even ice cream for the space stations seven astronauts. The Girl Scouts are sending up ants, brine shrimp and plants as test subjects, while University of Wisconsin-Madison scientists are flying up seeds from mouse-ear cress, a small flowering weed used in genetic research. Samples of concrete, solar cells and other materials also will be subjected to weightlessness. A Japanese start-up companys experimental robotic arm, meanwhile, will attempt to screw items together in its orbital debut and perform other mundane chores normally done by astronauts. The first tests will be done inside the space station. Future models of Gitai Inc.s robot will venture out into the vacuum of space to practice satellite and other repair jobs, said chief technology officer Toyotaka Kozuki. As early as 2025, a squad of these arms could help build lunar bases and mine the moon for precious resources, he added. SpaceX had to leave some experiments behind because of delays resulting from COVID-19. It was the second launch attempt; Saturdays try was foiled by stormy weather. NASA turned to SpaceX and other US companies to deliver cargo and crews to the space station, once the space shuttle program ended in 2011.

Covid loan scheme: FM calls for speedy implementation

2019年6月25日 0 Comments

Finance minister Nirmala Sitharaman on Tuesday called for expeditious implementation of the Rs 50,000-crore loan guarantee scheme for covid-affected sectors. The programme was announced in late June, as part of the Rs 6.29-lakh-crore relief package, to bolster healthcare infrastructure in non-metros to prepare for any exigency if a third Covid wave hits the country. While nobody wants a third wave, We need this to be done all over the country, especially in those parts where we have less medical infrastructure. I think there needs to be a lot more information sharing in local areas, Sitharaman said she would, through the department of financial services, monitor the progress of the scheme on a weekly basis. She called on officials and lenders to sensitise all stakeholders SBI managing director CS Setty said about 2,800 applications have been received under the scheme and the average loan ticket size so far is Rs 1.2 crore. About 40% of the sanction and disbursement is to diagnostic centres, he added. Under this Loan Guarantee Scheme for Covid-Affected Sectors (LGSCAS), credit of Rs 50,000 crore will be extended to private hospitals to expand their existing facilities or set up new units outside top eight cities. Each investor can be granted a maximum of Rs 100- crore loan. The interest rate will be capped at 7.95% per annum. The guarantee coverage, available for three years, will be limited to 50% for expansion and 75% for new projects. However, the coverage will be 75% for both greenfield and brownfield projects in the 125

Bharti Airtel, Jindal Steel and Power, BPCL, Axis Bank, Maruti Suzuki, ONGC, NTPC stocks in focus

2019年6月18日 0 Comments

Nifty futures slid further in trade, now down 40 points or 0.23 per cent to 16,925 on the Singaporean Exchange, hinting at a negative start for BSE Sensex and Nifty 50 on Tuesday. Investors will keenly watch GDP numbers for the first quarter (April-June) of FY21, which will be released by the Ministry of Statistics and Programme Implementation (MoSPI). Market participants will also watch the oil prices, rupee movement against US dollar and other global cues for further direction. On the technical front, 16,700 and 17,100 are immediate support and resistance in Nifty 50. Overall, we believe that markets are in a structural bullish trend and any significant dip is a very good opportunity to accumulate quality stocks, Mohit Nigam, Head – PMS, Hem Securities. Stocks to watch Bharti Airtel: A day after Bharti Airtel Jindal Steel Power: Industrialist Naveen Jindal-led Jindal Steel Power The company would do so by issuing bonds in one or more tranches to domestic or global investors, it said in a regulatory filing BPCL: With due diligence by potential buyers yet to be completed, financial bids for the government Axis Bank: Moodys has assigned B1(hyb) rating to the bank, GIFT City Branchs proposed USD-denominated, undated, non-cumulative and subordinated Additional Tier 1 (AT1) capital securities being issued out of its Global Medium Term Note (GMTN) programme. Maruti Suzuki: Maruti Suzuki is set to increase prices in September across models making it the third such hike in FY21-22. The Delhi-based carmaker had hiked prices in April and July. ONGC: ONGC is eyeing generating electricity from wind at its vast offshore acreage as it looks to augment its renewable energy portfolio, its chairman Subhash Kumar said. Oil and Natural Gas Corporation (ONGC) has oil and gas fields both in the Arabian Sea and Bay of Bengal. NTPC: State-run power giant NTPC on Monday said that it has geared up to meet rising power demand and recorded electricity generation growth of 23 per cent over the previous year.

Need stronger vax efforts: Govt must push vaccine-makers, people must not get complacent

2019年6月18日 0 Comments

Eight months after India kicked off its Covid-19 vaccination effort, it has managed to administer 60.4 crore vaccine-doses, of which13.7 crore are second-doses. The pace of inoculation has picked up now, reaching 52.16 lakh\/day in August from 29.96 lakh in April (it had dipped to 19.69 lakh in May). However, as has been obvious for some time, the vaccination effort needs to be a lot more concerted. For instance, while 50% of the above-18-years population has received a single dose of the vaccine, only 15% has received the second dose. Given the stipulated gaps between the two doses of vaccines, this suggests the momentum for this group of vaccine-recipients hasnt been anything to write home about. Vaccine supply\/demand issues have also plagued coverage. Meanwhile, even though the overall test positivity rate (TPR) for the country remains low, 41 districts in the country have a TPR higher than 10% The health ministry has reminded that vaccines are Against such a backdrop, several states moving on reopening of schools National Technical Advisory Group on Immunization (NTAGI) chair NK Arora has said that a phased reopening of schools will depend on vaccinating adults that are expected to come into contact with the students. Experts in the US, which is seeing a record number of children get infected, and hospitalised, believe school-reopening could exacerbate the problem. This is not to say that we shouldn However, with a vaccine for children aged 12-17 years expected only by December, states can Meaningful effort to avoid another second-wave like disaster will need vaccination to go on an overdrive. While Arora told the media on Thursday that there is no proposal to change the dose interval for Covishield, Covaxin or Sputnik V at present, the government must lean on vaccine-manufacturers to step up production. As an analysis by howindialives.com shows, vaccine-supply, despite the recent momentum, needs to be beefed up significantly for India to meet its vaccination coverage targets for the year. Both Serum Institute of India (manufacturing Covishield) and Bharat Biotech (manufacturing Covaxin) have raised production, but Bharat Biotech will need to pull up its socks The NTAGI chairman sounded optimistic about vaccine exports from India in 2022, but, for that, the domestic goals for 2021 need to be met and that hinges on vastly improved vaccine supply. That said, the people will have to observe Covid-appropriate behaviour; Kerala

SGX Nifty sits in green ahead of weekly F&O expiry session; 5 things to know before opening bell

2019年6月18日 0 Comments

Domestic benchmark indices once again soared higher on Wednesday to hit fresh all-time highs but failed to hold the gains and finished the day down in the red. On Closing, SP BSE Sensex was at 57,338, down 0.37% while the NSE Nifty was at 17,076, falling 0.33%. Broader markets closed with smallcap and midcap indices soaring higher while Nifty 100, Nifty 200, and Nifty 500 closed with losses. Bank Nifty closed with gains. Entering the weekly futures options expiry session, SGX Nifty was trading with gains, hinting at a flat to a positive start for domestic equities. Cues from global peers were mixed after US equity indices ended in opposite directions. Global watch: On Wall Street, NASDAQ soared higher, gaining 0.33% yesterday while SP 500 closed with a positive bias. However, Dow Jones ended the day down with losses. Among Asian peers, Shanghai Composite, Hang Seng, Nikkei 225, and KOSDAQ were up in the green while KOSPI and TOPIX were down with losses. Technical take: Benchmark indices witnessed profit-booking on Wednesday, falling from all-time highs. There is a higher possibility of upside recovery attempt from the lows in the short term, Levels to watch out: Although analysts expect some profit booking to continue in the near term, they advise remaining bullish over the medium term. On the flip side, 17150-17200 could act as an intraday resistance level. In case of intraday correction, contra traders can take a long bet near the support level of 16950 with a strict 35 points stop-loss, FII and DII activity: Foreign Institutional Investors (FII) have now pumped money into domestic markets for the three days straight. FIIs bought shares worth Rs 666.66 crore on Wednesday. Domestic Institutional Investors (DII) were net sellers on Wednesday, pulling out 1,287 crore. Qualified Institutional Buyers (QIB) and Retail investors oversubscribed their portion of the issue. Overall the IPI was bid for 1.9 times. On the other hand, Vijaya Diagnostic Centre30 times on day one with no investor category having fully subscribed their portion.

Govt mulls permitting foreign investment in LIC

2019年6月11日 0 Comments

The government is mulling allowing foreign direct investment (FDI) in the country The proposal is under discussion between the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM). It would also go for inter-ministerial discussions and would also require Cabinet nod, According to the current FDI policy, 74 per cent foreign investment is permitted under the automatic route in the insurance sector. However, these rules do not apply to the Life Insurance Corporation of India (LIC), which is administered through a separate LIC Act. As per Sebi rules, both FPI and FDI are permitted under public offer. However, sources said since LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation. The Cabinet had in July approved the initial public offering (IPO) of LIC. The DIPAM had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO, which is touted to be the biggest public issue in Indian corporate history. The government expects to come out with the LIC IPO by the end of current fiscal. Up to 10 per cent of the issue size would be reserved for policyholders. The government has already brought in the required legislative amendments in the LIC Act for the proposed IPO. Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors. As many as 16 merchant bankers are in the race to manage the mega initial public offering. These bankers will be making a presentation before DIPAM during the week. Seven international bankers, including BNP Paribas, Citigroup Global Markets India and DSP Merrill Lynch Ltd (now known as BofA Securities), will make presentations. The listing of LIC will be crucial for the government to meet its disinvestment target. The government aims to mop up Rs 1.75 lakh crore in the current fiscal from minority stake sales and privatisation. Of the Rs 1.75 lakh crore, Rs 1 lakh crore is to come from selling the government The remaining Rs 75,000 crore would come as CPSE disinvestment receipts.

Doing everything in power to ensure your safety, well-being: Guterres to UN personnel in Afghanistan

2019年6月11日 0 Comments

UN Secretary General Antonio Guterres has said he shares the concern, anxiety and pain of the United Nations personnel in Afghanistan, asserting that the world organisation is doing everything in its power to ensure their safety and well-being. Guterres, in a video message to UN personnel in war-torn Afghanistan on Tuesday, said that they have our full support and solidarity. I want to personally thank you for everything you are doing to support the Afghan people in this time of crisis. I speak for the entire United Nations family when I say, we are all deeply grateful to you for your service, in particular the Afghan national colleagues. You represent the best of the values of the United Nations, he said. I know most of you, especially the humanitarian actors, want to stay and deliver to respond to the dramatic needs of the Afghan people, he said, adding that the safety of all United Nations personnel in Afghanistan is our top priority. And we are doing everything in our power, namely through the permanent engagement with all relevant actors, and will continue to do so to ensure your safety and well-being, and to find external solutions where they are needed, Guterres said. The UN chief told the UN personnel that he shares their concern, anxiety and pain and is distressed by the reports that some of them have experienced harassment and intimidation. The United Nations has been honoured to work for the people of Afghanistan for decades. Through thick and thin, we have helped to support people in complex situations through wars, conflict, human rights abuses, humanitarian crises and regime change.As we face this newest major challenge, we are working to ensure essential supplies and to deploy specialist teams to better support you. We remain and will continue to remain and do everything we can both for your safety, and to deliver for the people of Afghanistan who have suffered so much, Guterres said. So far, the UN in Afghanistan has flown over 220 people from Kabul to Almaty in view of the security and other constraints in the country now under the Talibans control. Indias Permanent Representative to the UN Ambassador T S Tirumurti told PTI that during the ?busy month so far? of Indias Presidency of the Security Council, one of the major issues that occupied, and continues to occupy, the attention of the 15-nation UN body is the situation in Afghanistan. The Council has held two sessions on Afghanistan this month, both of which were not scheduled in the original programme of work. The evolving situation merited meetings, which was called by the penholders on Afghanistan in the Security Council, Estonia and Norway and scheduled by us in our capacity as the President of the Council. The Security Council was united in agreeing that Afghanistan should not become a safe haven for terrorists. Further, there was a call for an end to violence, protecting the rights of women and minorities, addressing the humanitarian issues immediately and ensuring the safety and security of diplomatic and UN staff, Tirumurti said. Stephane Dujarric, Spokesman for the Secretary-General, had said in a note to correspondents on Sunday that the 120 people included UN personnel and members of several non-governmental organisations (NGOs) that serve as implementing partners of the UN in Afghanistan. Part of the UN personnel who left Kabul today will continue to work out of Almaty, Dujarric said. The world organisation said the UN in Afghanistan is currently focused on the safety of the thousands of its personnel and partners who remain on the ground, as well as the delivery of critical humanitarian and other assistance to millions of Afghans in need. The UN family in Afghanistan is acutely aware of the great concerns of some personnel, particularly national colleagues. We are doing our utmost to support them and their safety, he said. Last week, Dujarric told reporters that a group of about 100 UN personnel from across the UN system travelled from Kabul to Almaty, where they will continue their work remotely. As the Secretary-General told the Security Council on August 16th, the United Nations presence in Afghanistan will adapt to the security situation. In light of the security and other constraints in Kabul and other parts of the country at the moment, it was decided to move a part of the UN staff out of the country. Personnel will return to Afghanistan as conditions permit, Dujarric had said.

Sony tweaks PlayStation 5, makes newer models lighter with new base stand, report says

2019年6月11日 0 Comments

Sony has refreshed its PlayStation 5 console with a couple of minor tweaks between the older and newer models. According to a report in Australian publication Among the other changes that Sony has reportedly made is the weight with the newer consoles around 300 grams lighter. However, it is still not clear how it managed to reduce the weight. The PS5 console was launched last November and has gone on to become Sony Now, it seems that the Japanese electronics giant has decided to make subtle changes to the console. According to The difference in model number and weight apart, The However, it is unclear if these tweaks led to the 300-gram reduction in the console While the publication mentioned that Australia was the first country where Sony shipped the new stock of the tweaked PS5 console, a tweet from a user based in the US makes it clear that it had also received the revised console. The user shared an image on Twitter comparing the differences between the two base stands. The user has also pointed out that he bought the console