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- IMC 2017: Proposed merger with Idea Cellular is next exciting chapter for Vodafone
- ‘Reduction in clerical staff hiring in banks is part of a design’
- Google unwraps 19 past Doodle games for its 19th birthday
- #9: Sony 16GB Microvault USB Flash Drive
- #10: Milton Thermosteel Flip Lid Flask, 1000 milliliters, Silver
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- Farm woes just breached a crisis point, severe test at hand for Modi
- UK’s DIT to create unique distinctive global platform for the telecommunication
- Bhilai Steel Plant appoints MDO to develop Rowghat mines
- Capital Structure
- Tip off from PoK led to longest surviving militant’s killing
- Just changed your job? Here’s how to ensure automatic transfer of your PF
- Nexon – Former Blizzard staff working on secret Unreal Engine 4 game
- Signal test uses DRM to keep your contacts private
- RBI to keep rates steady in October, cut growth forecast: Poll
- IMC 2017: Airtel buyout of Telenor on track to be completed by Feb 2018
- RBI to keep rates steady in October, cut growth forecast: Poll
- Alstom shares jump 8% after deal with Siemens to merge rail operations
- Germany’s DAX opens 0.2% higher 12,631.70
- France’s CAC 40 opens 0.2% higher at 5,277.18
- U.K.’s FTSE 100 opens 0.4% higher at 7,313.16
| IMC 2017: Proposed merger with Idea Cellular is next exciting chapter for Vodafone Posted: 27 Sep 2017 02:04 AM PDT Vodafone India's proposed merger with Idea Cellular will be the ''next exciting chapter ' for the company, said the UK based telco's group CEO Vittorio Colao in his video speech at the India Mobile Congress on Wednesday. The $23 billion merger — announced on March 20 — if completed will create India's largest telecom firm, which will be better placed to take on the threat posed by Reliance Jio Infocomm. The company will look beyond voice, more into mobile data, in converse services, in cloud services, in IOT, in machine to machine, said the CEO at the conclave. The telco will combine multiple technologies into one single machine network for digital connectivity and seamless high speed -called Unified Communication and roll it out in India, said Colao. "We offer unified communication in most parts of the world, we want to offer it also in India," he added. Colao also said that Indian consumers have a very strong appetite for data services but still over half a billion people have not connected to the internet and these are a great opportunity for all. Indian telcos are trying to hold on to customers by offering large amounts of data as part of the bruising price war triggered by Jio's entry last September which has hurt revenue and profits at India's older operators.telcos are trying to hold on to customers by offering large amounts of data as part of the bruising price war triggered by Jio's entry last September which has hurt revenue and profits at India's older operators. "To realize India's full potential as a superpower, it is essential that the telecom sector which is a core driver of economic development is in good health. Telecom will be a key enabler of a future fit India and we have always to remember that telecoms enable other sectors including Healthcare, including education and catalyst Innovation," he added . Colao said that Vodafone is the largest FDI investor with over Rs134000 crores invested so far. The telco has provided connectivity to at least 210 million customers and 50 % of those are in rural areas, he added at the conclave. He highlighted that India's biggest strength is the 'young and talented workforce' and the company has trained 10000 of them who manage global networks on behalf of the other operations of Vodafone. |
| ‘Reduction in clerical staff hiring in banks is part of a design’ Posted: 27 Sep 2017 02:04 AM PDT CHENNAI: Central government owned banks’ plan to hire 7,883 clerical staff next fiscal is inadequate when compared to the growth in business and the number of accounts, said a top leader of All India Bank Employees’ Association (AIBEA). “This seems to be a part of a design to reduce the intake of clerical staff. Despite growth in business (deposits and advances) since 2013-14, the recruitment of clerical staff in government owned banks is coming down,” C.H.Venkatachalam, General Secretary told IANS. Venkatachalam said 13 public sector banks have indented a total of 7,883 clerical staff while some banks have not asked for any. He said in 2013-14 the government banks hired 84,680 clerical staff and this number has been going down over the years. When pointed the reduction in manual work with computerisation of operations, fall in branch footfalls due to automatic teller machines (ATM), growth in digital payments he said: “We have opened around 30 lakh Jan Dhan accounts which has added workload.” “The banking transaction time for customers has increased which results in branch staff leaving at around 7 p.m. Though the operations have been computerised, the systems are slow. It takes long time to close the day’s ledger accounts,” Venkatachalam said. “No bank is willing to issue a circular that staff need not stay in the branch after office hours,” he added. According to him, many of the regular bank jobs are being outsourced which needs to be stopped. |
| Google unwraps 19 past Doodle games for its 19th birthday Posted: 27 Sep 2017 01:43 AM PDT
Source: engadget |
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| Farm woes just breached a crisis point, severe test at hand for Modi Posted: 27 Sep 2017 01:34 AM PDT By Archana Chaudhary and Ameya Karve Anger over falling farm incomes has spilled onto streets across a swathe of India's largest states as farmers struggle with food price deflation and a breakdown of the informal agriculture economy. For Prime Minister Narendra Modi — already grappling with a sharp economic slowdown and looming job cuts in manufacturing — the protests involving hundreds of thousands of farmers highlight his struggle to deliver on the promises that swept him to power. On Sept. 15, state officials in Rajasthan joined those of Uttar Pradesh and Maharashtra — all ruled by Modi's Bharatiya Janata Party — in promising to waive farmers' loans after 13 days of protests. But farmers aren't satisfied. "We're planning a national rally on Oct. 30 when we would carry torches to show light to state administrations bumbling in the dark," said Amra Ram, the 60-year-old leader of the All India Kisan Sabha — the farmers' assembly that represents 15 million members — on the phone from Sikar, Rajasthan. "Our farm incomes are falling and there are no jobs for us anywhere else." Farm and labor unions with an estimated combined membership of 30 million are also set to join the wave of demonstrations. The Bharatiya Mazdoor Sangh — which is affiliated with the Rashtriya Swayamsevak Sangh, the ideological parent of Modi's ruling BJP — plans to march to the Parliament to protest the government's policies on November 17, its president C K Sajjinarayanan said over phone from Thrissur in Kerala. Deepening Slowdown The agriculture sector — employing more than half of India's working population — was among the worst hit by Modi's November cash ban which led plummeting produce prices. Despite the ensuing hardship, farmers largely supported Modi's move, which they viewed as an attempt to target illegally hoarded wealth. Their backing helped propel the ruling BJP to election wins in key states such as Uttar Pradesh. Still, farmers' restlessness worsened after the implementation of the nationwide goods and services tax in July, which further hurt supply chains across India at the peak of monsoons, when prices of vegetables and grains were expected to gain. "There's an uncertainty on the farm product prices — what will we do if we aren't getting the right prices for our produce?" asked Arun Muluk, from Vadgaon Kashimbe near Pune, who joined at least 100,000 others in protests last month that shut down India's financial capital, Mumbai. "Farmers have the potential to bring the downfall of this government — the government won't even know how quickly the tide will turn against it." Jagdish Thakkar, a spokesman in the prime minister's office, didn't answer calls seeking comment. For the main opposition Congress Party, there are plans to make this a key election issue. “This government is destroying farmers,” said Ajoy Kumar, New Delhi-based spokesman for the Indian National Congress. “And going by the huge protests across the country we can see that people are coming around to this realization. We have stood by farmers in Karnataka, Maharashtra and Haryana and our leader Rahul Gandhi is right now in Gujarat raising his voice for them." Tough Questions According to Amra Ram, wheat farmers suffered after Modi cut import duties on wheat, first to 10 percent from 25 percent and then to zero in December. Compounding the stress, 52 percent of Indian farms aren't irrigated and climate change-led variations in monsoons have only worsened their losses. Small landholdings cut access to institutional funding, while the failure to repay local loan sharks contributes to the suicide of 12,000 farmers every year, according to government figures. In the lead up to the 2014 elections Modi promised higher prices and reforms including minimum support price for grains, protecting small farmers and addressing rising risks to farming. "I think those are tough questions that the government will face in 2019," said Neelkanth Misra, Credit Suisse's India Equity Strategist. "If half your workforce has not seen an income growth, should you act on it or no?” Yet Modi, who vowed to add 10 million jobs a year in a workforce that sees the entry of at least a million new seekers each month, hasn't been able to keep pace with employment creation. Farm Reforms The government is trying its best to accelerate the pace of agriculture reforms, said Ramesh Chand, member of the government's official think tank NITI Aayog. Allowing farmers direct access to buyers instead of forcing them to go through a chain of middlemen is high on the agenda, Chand said in New Delhi. States, responsible for implementing agriculture policy, have also been encouraged to introduce market reforms and compensate farmers for the differential between prices offered by merchants as against the government's minimum support guarantee. "When I look at the country as a whole I am not satisfied," said Chand of agriculture reforms. "The Prime Minister wants it, but it is a state subject." The answer may not be enough for protesting farmers. "This struggle is not for us, it's for the next generation — if our kids didn't find jobs, they would at least have comfort that they can return and rely on the traditional profession to feed themselves," said Muluk at the Mumbai protests. "But now, where do we go?” |
| UK’s DIT to create unique distinctive global platform for the telecommunication Posted: 27 Sep 2017 01:34 AM PDT CHANDIGARH: The UK's Department for International Trade (DIT) is partnering at the first ever Indian Mobile Congress (IMC) 2017, bringing a strong delegation of eight UK technologies companies and specialists. The UK is the country partner with organisers Cellular Operators Association of India (COAI), who are organising the three-day conference and exhibition along with the Government of India's Department of Telecom and Ministry of Communications Government of India and Ministry of Electronics and Information Technology. The conference is creating a unique distinctive global platform for the telecommunication and allied industries in India. The UK trade delegation comprises of top names in the British technology industry along with agile and innovative technology start-ups. Alexander Evans, Acting British High Commissioner to India will inaugurate the UK Pavilion at the conference that will showcase the UK's achievements in the technology sphere. He will address the session on 'Digital India' sharing UK's vision to partner with India. Dr. Evans said, "The United Kingdom is a global technology powerhouse. Our country is investing £740 million from the National Productivity Investment Fund to ensure Britain remains at the forefront of digital innovation. Our trade delegation demonstrates our technological prowess, including leaders in state-of-the-art wireless connectivity solutions, satellite networks, data intelligence and digital skills platforms. We want to bring our cutting-edge technology and innovation to partner with initiatives like 'Digital India' and the smart cities programme." India is one of the largest technology investors in the UK. Both nations consider this an opportunity to buttress this two way partnership with both public and private players in India. Mr. Rajan Mathews, Director General of COAI says, "The event is expected to be the largest of its kind, in this part of the world, and the ideal platform for two countries like India and the UK to showcase their potential as partners in the future development of technologies and the consequent overall social and economic advancement. As the world's second largest telecommunications market there is much that India can do for the UK in the areas of information and communications technology and vice versa. Together, India and the UK have the potential to revolutionise many areas including financial technology, cyber security, skill development, as well as the research and development in the sector through innovation. There is a huge opportunity for the enhancing business relationships between our two countries through IMC2017 and we look forward to work alongside the UK for long time to come." Misha Dohler Professor in Wireless Communications at King's College London is visiting IMC as a part of the British delegation. He is an expert in driving cross-disciplinary research and innovation in technology; sciences and arts, at the conference he will speak about innovation through 'Internet of Things'. Mark Beresford an international business development and technology specialist with DIT is also a part of the delegation. He will meet Indian technology companies and discuss opportunities for Indian investments in UK. India is the fourth largest investor in the UK with the technology and telecoms sectors comprise 31% of Indian investment in the UK. In November DIT is taking technology delegations from India in the advanced manufacturing, electric automotive, healthcare, life-sciences and creative industries to 'Think India' conference in the UK. This would be first ever UK-India business and technology month in the UK where Indian business delegations would be travelling to business hubs in the UK, looking at opportunities to strengthen trade and investment ties between the two countries. |
| Bhilai Steel Plant appoints MDO to develop Rowghat mines Posted: 27 Sep 2017 01:34 AM PDT KOLKATA: Bhilai Steel Plant of the Steel Authority of India Ltd (SAIL) has signed an agreement for engagement of a Mines Developer and Operator (MDO) for development and operation of its 14 million tonne per annum (mtpa) iron ore mines at Rowghat in Chhattisgarh. The agreement was signed on Monday, September 25, 2017 between SAIL/Bhilai Steel Plant and ACB Mining Private limited, New Delhi in the presence of CEO, Bhilai Steel Plant. ACB Mining, the MDO, shall develop Rowghat iron ore mines on behalf of SAIL/Bhilai Steel Plant for a period of 30 years and commercial production from mines shall begin from the year 2022, a statement issued by Bhilai Steel Plant said. Rowghat Iron Ore Project has been a crucial and important for Bhilai Steel Plant in view of iron ore security for the plant, as reserves in its existing mines are tipped to get exhausted in another 4 to 5 years. Rowghat Project was perceived 25 years back as future source for iron ore for Bhilai Steel Plant. However, the progress was hampered for some time for want of clearances from department of environment and forests. Finally, all clearances were obtained by 2009. With Bhilai Steel Plant’s expansion projects poised to start operations to its envisaged capacity in a year, the plant’s iron ore requirement is estimated to increase from the present level of 9 mtpa to 12 mtpa. Developmental activities and creating infrastructure logistics such as building Rail Line network from Dalli-Rajhara to Rowghat, 95 km stretch is being implemented at the cost of Rs. 1142 crore with the help of Railways and RVNL. Construction of railway line is likely completed by 2022 for transporting iron ore produced at Rowghat mines by MDO. Other, support services such as power and water projects too would be completed in next 2 to 3 years, the statement added. |
| Posted: 27 Sep 2017 01:18 AM PDT A mix of a company’s long-term debt, specific short-term debt, common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds. Debt comes in the form of bond issues or long-term notes payable, while equity is classified as common stock, preferred stock or retained earnings. |
| Tip off from PoK led to longest surviving militant’s killing Posted: 27 Sep 2017 01:05 AM PDT The tip-off about Qayoom Najar, the longest surviving militant in Kashmir, crossing over the LoC from Pakistan-occupied-Kashmir (PoK) was leaked to Indian security agencies from across the border by the slain commanders rivals in Hizb-ul-Mujahideen. Sources told Deccan Herald that the tip-off was received by a senior J&K police officer on Whatsapp some days back. “A militant commander from Sopore area, who crossed over to PoK a few years back, shared the information regarding Najar with the police officer on Whatsapp. He even revealed the route Najar would take to cross over the LoC,” they said. However, sources said, the exact date of infiltration by Najar was not known to the security agencies. “After receiving the input on Whatsapp, the police officer passed the information to the Army and a trap was laid to neutralize Najar. Finally on Tuesday army succeeded in killing Najar, who had for more than two decades remained elusive,” they revealed. In the summer of 2015, Najar had formed Lashkar-e-Islam (LeI) outfit after differences cropped up between Hizbul commanders in PoK and him. The LeI, headed by Najar, carried out attacks on mobile phone towers and also allegedly was involved in the killing of six civilians, including a separatist activist in Sopore. He was expelled by PoK based Hizbul chief Syed Salahuddin blaming him for playing a key role in murdering innocent persons and indulging in character assassination of Hurriyat leaders and attacks on the telecommunication set-up in the Valley. A senior police officer tracking the developments said after failing to control Najar and his group, the Hizbul commanders in PoK reconciled with him and asked him to visit Pakistan via Nepal for an “important meeting.” “By the end of 2015, Najar reached Pakistan and was apparently close to Salahuddin. After the killing of top HM commanders this year in Kashmir, Salahuddin directed Najar to return to Kashmir and take the reins of Hizbul. However, a faction within the Hizbul didnt trust Najar as they feared he may again go out of control once he was back to the Valley,” he said. Asked how he survived for this long, the officer said, “Najar would keep on changing his appearance and would use wigs and move around meekly. In his lifetime, he didnt trust anyone and never used modern gadgets like mobile phones.” 43-year-old Najar was one of the most wanted militants in north Kashmir who had kept the police and the army on toes for years. He had reportedly married to the sister of a slain militant before he went over to Pakistan in 2015. A resident of Sopore town, he had joined as an over ground worker (OGW) of Hizbul in 1992 at the age of 16 and initially would transport weapons and provide lodging for militants. Najar was arrested in 1994 and was later released but he re-joined active militancy in 1999. Source: DH |
| Just changed your job? Here’s how to ensure automatic transfer of your PF Posted: 27 Sep 2017 01:04 AM PDT The Employees’ Provident Fund Organisation (EPFO) has made the process of transferring an employee’s provident fund (PF) balance completely seamless. From now on a new joinee merely has to furnish certain information to the new employer, who will then upload it on to the EPFO portal which automatically triggers the transfer process. This means that after switching a job, an employee need not even initiate a transfer request online. This was communicated by the Central Provident Fund Commissioner on September 20 in an order stating the revision of the transfer procedure. Here is how it happens. Auto transfer process Upon joining a new organisation, the employee is supposed to fill and submit details to the new employer by furnishing details in the ‘Composite Declaration Form (F-11)’. Along with your basic details, it also asks for the previous UAN (Universal Account Number), if any, and previous PF number etc. What will happen now is that when your present employer enters the information (as per Form 11) in the employer’s portal and if the UAN had been seeded with Aadhaar and bank details and had also been verified by the previous employer, it will trigger an auto-transfer process which will transfer the accumulations against the previous PF number to the new one. An SMS informing the subscriber about the proposed auto-transfer is sent to the registered mobile number. The auto transfer will be completed only after – (a) The employee does not request to stop the proposed auto-transfer (either online, or through the employer or at the nearest EPFO office) within 10 days of receiving the SMS, and (b) The first contribution by the present employer is deposited and reconciled. Once the funds get transferred to the new PF number, a communication is sent to the employee by mobile and email. In nutshell, for a smooth online transfer process, here are the things every employee needs to track while changing jobs: * Make sure that the UAN has been seeded and verified by your employer before switching jobs. * After switching, submit Composite Declaration Form (F-11) to the new employer. * Employer uploads the information on to the employer’s portal. * Auto-transfer initiates from previous to new PF number. * Actual transfer happens once the initial contribution by the present employer takes place. Offline transfer process To make the auto-transfer possible, the employee needs to ensure that the previous employer has seeded and verified the earlier UAN. If that is not done, the PF transfer process happens offline. Also, if the transfer is from or to an exempted organisation, in this case the process happens offline. In both cases, one has to initiate the offline process by filling Form 13 (Revised). As and when you change jobs, it’s important that you furnish Aadhaar to the new employer which will ease the process of transferring your accumulated PF balance. With this new move, employees will now have more time to work and spend less time worrying about transferring their PF money. |
| Nexon – Former Blizzard staff working on secret Unreal Engine 4 game Posted: 27 Sep 2017 12:44 AM PDT There wasn’t any mainstream news when Nexon opened its own development studio in Orange County, California, earlier this year. But recently, a former Blizzard employee who worked on World of Warcraft as Senior Producer, Stephan Frost, tweeted he was moving to “Nexon OC” as a Creative/ Game Director on a “brand new unannounced PC title.” I’m […] |
| Signal test uses DRM to keep your contacts private Posted: 27 Sep 2017 12:43 AM PDT
Source: engadget |
| RBI to keep rates steady in October, cut growth forecast: Poll Posted: 27 Sep 2017 12:42 AM PDT
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| IMC 2017: Airtel buyout of Telenor on track to be completed by Feb 2018 Posted: 27 Sep 2017 12:34 AM PDT NEW DELHI: Bharti Airtel's merger with the Indian arm of Norway's Telenor is on track and expected to be concluded by February 2018, a top Telenor India executive said on the sidelines of India Mobile Congress Wednesday. "The merger with Airtel is expected to be concluded within the original timeline of a year from February 2017 when it was announced," the Telenor executive said. The Airtel-Telenor merger has already been approved by the National Company Law Tribunal (NCLT), the Competition Commission of India (CCI), the Securities Exchange Board of India (Sebi) and the BSE and NSE. Bharti Airtel had inked an agreement with Telenor South Asia Investments Pte back in February to buy Telenor India's operations in Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These seven circles contribute about 35% to Airtel's total revenue. Airtel will also take on some of the Nordic telco's local liabilities. The acquisition is slated to bolster Airtel's 4G spectrum holdings and revenue market share, reinforcing its hand in the battle against Reliance Jio Infocomm. Airtel will pocket 43.4 units of 4G spectrum in the 1800 MHz band once the Telenor deal is concluded. Airtel will also take over Telenor India's outstanding spectrum payments of some Rs 1,650 crore and other operational contracts, including tower leases with Bharti Infratel and Indus Towers, besides employees and 44 million customers. Airtel had said that the Telenor circles represent a high population concentration and therefore offer a high potential for growth. Telenor had a rough ride ever since it rolled out operations in late 2009 in partnership with real estate company Unitech under the Uninor brand. Although it won licences to offer nationwide services, all of them were cancelled in the judgment on the 2G scam five years ago. The company fell out with its partner, which soon had troubles of its own, but decided to persevere in the fiercely competitive India market, taking sole ownership of its local unit in 2014, after the rules were changed in 2013 to allow this. Having bought back spectrum in separate auctions in the seven circles, the rechristened Telenor India played the price card, offering services at almost half that of its bigger rivals to gain subscribers. But with Jio, it struggled to compete as all operators slashed prices and it started losing subscribers, market share and revenue. The company didn’t participate in the spectrum auctions last October, which indicated its India days were numbered. |
| RBI to keep rates steady in October, cut growth forecast: Poll Posted: 27 Sep 2017 12:30 AM PDT
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| Alstom shares jump 8% after deal with Siemens to merge rail operations Posted: 27 Sep 2017 12:11 AM PDT This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.    
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| Germany’s DAX opens 0.2% higher 12,631.70 Posted: 27 Sep 2017 12:11 AM PDT This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.  
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| France’s CAC 40 opens 0.2% higher at 5,277.18 Posted: 27 Sep 2017 12:11 AM PDT This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.  
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| U.K.’s FTSE 100 opens 0.4% higher at 7,313.16 Posted: 27 Sep 2017 12:11 AM PDT This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.  
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Signal is generally viewed as the most secure encrypted communications app. So secure, that even the US Senate has approved it for staff use. And, to keep privacy experts on its side, Open Whisper Systems (the non-profit behind the app) has kept Sign…
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