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Written By Unknown on Minggu, 28 April 2013 | 23.55

Moneycontrol Latest NewsMoneycontrol LogoBuy Axis Bank; target of Rs 1635: AnandRathiBuy Petronet LNG; target of Rs 185: PLilladherBuy Mahindra Holidays; target of Rs 332: PLilladherBuy United Phosphorous; target of Rs 185: PLilladherRaymond: 88th Annual General Meeting to be held on June 72 workmen killed in explosion at Gulf Oil's Hyderabad factoryCinemax Properties: Rashmi Shah resigns as company secretary compliance officerRaymond recommends dividend of Re 1/shWockhardt redeems preference sharesState Bank of Travancore declares final dividend of Rs 3/shRushil Decor to consider final dividend on May 7Associated Finlease to consider change in object clause of MoA on May 3Polaris recommends final dividend of Rs 5/shPNB Gilts: P K Chhokra resigns from directorshipNagarjuna Agrichem approves bonus issue

Latest News from Moneycontrol.com http://www.moneycontrol.com Sat, 27 Apr 2013 23:50:01 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/recommendations/buy-axis-bank-targetrs-1635-anandrathi_860484.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/india_axis_bank_16_190_190.jpg" alt="Buy Axis Bank; target of Rs 1635: AnandRathi" title="Buy Axis Bank; target of Rs 1635: AnandRathi" border="0" width="75" height="75" align=" left" hspace="5"/> AnandRathi is bullish on Axis Bank and has retained buy rating on the stock with a target of Rs 1635 in its April 25, 2013 research report. Sat, 27 Apr 2013 19:18:26 +0530 http://www.moneycontrol.com/news/recommendations/buy-axis-bank-targetrs-1635-anandrathi_860484.html http://www.moneycontrol.com/news/recommendations/buy-petronet-lng-targetrs-185-plilladher_860485.html <img src="http://www.moneycontrol.com/news_image_files/Petronet-LNG-190.jpg" alt="Buy Petronet LNG; target of Rs 185: PLilladher" title="Buy Petronet LNG; target of Rs 185: PLilladher" border="0" width="75" height="75" align=" left" hspace="5"/> Prabhudas Lilladher is bullish on Petronet LNG and has recommended buy rating on the stock with a target of Rs 185 in its April 25, 2013 research report. Sat, 27 Apr 2013 19:16:45 +0530 http://www.moneycontrol.com/news/recommendations/buy-petronet-lng-targetrs-185-plilladher_860485.html http://www.moneycontrol.com/news/recommendations/buy-mahindra-holidays-targetrs-332-plilladher_860486.html <img src="http://www.moneycontrol.com/news_image_files/mahindra_holiday_190.jpg" alt="Buy Mahindra Holidays; target of Rs 332: PLilladher" title="Buy Mahindra Holidays; target of Rs 332: PLilladher" border="0" width="75" height="75" align=" left" hspace="5"/> Prabhudas Lilladher is bullish on Mahindra Holidays and Resorts India and has recommended a buy rating on the stock with a target of Rs 332 in its April 25, 2013 research report. Sat, 27 Apr 2013 19:15:45 +0530 http://www.moneycontrol.com/news/recommendations/buy-mahindra-holidays-targetrs-332-plilladher_860486.html http://www.moneycontrol.com/news/recommendations/buy-united-phosphorous-targetrs-185-plilladher_860490.html <img src="http://www.moneycontrol.com/news_image_files/Fertilisers_new1_190.jpg" alt="Buy United Phosphorous; target of Rs 185: PLilladher" title="Buy United Phosphorous; target of Rs 185: PLilladher" border="0" width="75" height="75" align=" left" hspace="5"/> Prabhudas Lilladher is bullish on United Phosphorous and has recommended a buy rating on the stock with a target of Rs 185 in its April 25, 2013 research report. Sat, 27 Apr 2013 19:14:41 +0530 http://www.moneycontrol.com/news/recommendations/buy-united-phosphorous-targetrs-185-plilladher_860490.html http://www.moneycontrol.com/news/announcements/raymond-88th-annual-general-meeting-to-be-heldjune-7_860645.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Raymond: 88th Annual General Meeting to be held on June 7" title="Raymond: 88th Annual General Meeting to be held on June 7" border="0" width="75" height="75" align=" left" hspace="5"/> Raymond Ltd has informed BSE that the 88th Annual General Meeting (AGM) of the Company will be held on June 07, 2013 at the Registered Office of the Company. Sat, 27 Apr 2013 19:12:21 +0530 http://www.moneycontrol.com/news/announcements/raymond-88th-annual-general-meeting-to-be-heldjune-7_860645.html http://www.moneycontrol.com/news/announcements/2-workmen-killedexplosion-at-gulf-oils-hyderabad-factory_860644.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="2 workmen killed in explosion at Gulf Oil's Hyderabad factory" title="2 workmen killed in explosion at Gulf Oil's Hyderabad factory" border="0" width="75" height="75" align=" left" hspace="5"/> Gulf Oil said in explosion at Hyderabad factory killed 2 workmen on April 25 and other operations in factory continued normally Sat, 27 Apr 2013 19:12:19 +0530 http://www.moneycontrol.com/news/announcements/2-workmen-killedexplosion-at-gulf-oils-hyderabad-factory_860644.html http://www.moneycontrol.com/news/announcements/cinemax-properties-rashmi-shah-resigns-as-company-secretarycompliance-officer_860643.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Cinemax Properties: Rashmi Shah resigns as company secretary compliance officer" title="Cinemax Properties: Rashmi Shah resigns as company secretary compliance officer" border="0" width="75" height="75" align=" left" hspace="5"/> Cinemax Properties Ltd has informed BSE that Mrs. Rashmi Shah has resigned from the post of Company Secretary Compliance Officer from the close of working hours of April 19, 2013. Sat, 27 Apr 2013 19:12:17 +0530 http://www.moneycontrol.com/news/announcements/cinemax-properties-rashmi-shah-resigns-as-company-secretarycompliance-officer_860643.html http://www.moneycontrol.com/news/announcements/raymond-recommends-dividendre-1sh_860642.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Raymond recommends dividend of Re 1/sh" title="Raymond recommends dividend of Re 1/sh" border="0" width="75" height="75" align=" left" hspace="5"/> Raymond Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2013, has recommended a dividend 10% (Re. 1.00 per share) on the Equity Share Capital for the year 2012-13. The dividend if approved by the shareholders, will be paid on or after June 08, 2013. Sat, 27 Apr 2013 19:12:15 +0530 http://www.moneycontrol.com/news/announcements/raymond-recommends-dividendre-1sh_860642.html http://www.moneycontrol.com/news/announcements/wockhardt-redeems-preference-shares_860641.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Wockhardt redeems preference shares" title="Wockhardt redeems preference shares" border="0" width="75" height="75" align=" left" hspace="5"/> Wockhardt Ltd has informed BSE that the Company had issued OCCRPS - 2, which were optionally convertible on or after July 4, 2016 and if not converted were to be redeemed on December 31, 2018.

Pursuant to the modification in the terms of the said OCCRPS- 2, the Company has redeemed 116,539,748 OCCRPS -2. Sat, 27 Apr 2013 19:12:13 +0530 http://www.moneycontrol.com/news/announcements/wockhardt-redeems-preference-shares_860641.html http://www.moneycontrol.com/news/announcements/state-banktravancore-declares-final-dividendrs-3sh_860640.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="State Bank of Travancore declares final dividend of Rs 3/sh" title="State Bank of Travancore declares final dividend of Rs 3/sh" border="0" width="75" height="75" align=" left" hspace="5"/> State Bank of Travancore has informed BSE that the Board of Directors of the Bank at its meeting held on April 26, 2013, inter alia, has declared a final dividend of Rs. 3/- per share (Face Value of Rs. 10/-) for the year 2012-13, in addition to the interim dividend of Rs. 17/- per share declared in March 2013. Sat, 27 Apr 2013 19:12:10 +0530 http://www.moneycontrol.com/news/announcements/state-banktravancore-declares-final-dividendrs-3sh_860640.html http://www.moneycontrol.com/news/announcements/rushil-decor-to-consider-final-dividendmay-7_860622.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Rushil Decor to consider final dividend on May 7" title="Rushil Decor to consider final dividend on May 7" border="0" width="75" height="75" align=" left" hspace="5"/> Rushil Decor Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 07, 2013, for the purpose of recommendation of final dividend, if any, for the financial year ending March 31, 2013; and consideration and taking on record the Audited Financial Results for Quarter and Financial Year ended March 31, 2013 Sat, 27 Apr 2013 19:00:05 +0530 http://www.moneycontrol.com/news/announcements/rushil-decor-to-consider-final-dividendmay-7_860622.html http://www.moneycontrol.com/news/announcements/associated-finlease-to-consider-changeobject-clausemoamay-3_860621.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Associated Finlease to consider change in object clause of MoA on May 3" title="Associated Finlease to consider change in object clause of MoA on May 3" border="0" width="75" height="75" align=" left" hspace="5"/> Associated Finlease has informed BSE that a meeting of the Board of Directors of the Company will be held on May 03, 2013, to consider and approve the following: To Alter the object clause of the Memorandum of Association of the Company. 2. To consider other business if any. Sat, 27 Apr 2013 19:00:04 +0530 http://www.moneycontrol.com/news/announcements/associated-finlease-to-consider-changeobject-clausemoamay-3_860621.html http://www.moneycontrol.com/news/announcements/polaris-recommends-final-dividendrs-5sh_860620.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Polaris recommends final dividend of Rs 5/sh" title="Polaris recommends final dividend of Rs 5/sh" border="0" width="75" height="75" align=" left" hspace="5"/> Polaris Financial Technology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2013, inter alia, has recommended a final dividend of Rs. 5 per share to its share holders inducted Mr. V. Balaraman as additional director to the board. Sat, 27 Apr 2013 19:00:01 +0530 http://www.moneycontrol.com/news/announcements/polaris-recommends-final-dividendrs-5sh_860620.html http://www.moneycontrol.com/news/announcements/pnb-gilts-p-k-chhokra-resignsdirectorship-_860619.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="PNB Gilts: P K Chhokra resigns from directorship " title="PNB Gilts: P K Chhokra resigns from directorship " border="0" width="75" height="75" align=" left" hspace="5"/> PNB Gilts Ltd has informed BSE that Shri P. K. Chhokra has resigned from the Directorship of the Company effective from March 31, 2013. The said resignation has been accepted by the Board of Directors in its meeting held on April 27, 2013. Sat, 27 Apr 2013 18:59:59 +0530 http://www.moneycontrol.com/news/announcements/pnb-gilts-p-k-chhokra-resignsdirectorship-_860619.html http://www.moneycontrol.com/news/announcements/nagarjuna-agrichem-approves-bonus-issue_860618.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Nagarjuna Agrichem approves bonus issue" title="Nagarjuna Agrichem approves bonus issue" border="0" width="75" height="75" align=" left" hspace="5"/> Nagarjuna Agrichem decided to issue bonus shares in the ratio of 3 equity shares for every 14 shares held by public shareholders in the company on the record date to be determined by the share committee /managing director of the company, for the purpose. Sat, 27 Apr 2013 18:59:57 +0530 http://www.moneycontrol.com/news/announcements/nagarjuna-agrichem-approves-bonus-issue_860618.html

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Forex reserves jump $1.4 b to $295 b

Written By Unknown on Minggu, 21 April 2013 | 23.55

India's forex reserves jumped for the second consecutive week, rising USD 1.40 billion to stand at USD 295.25 billion for the week ended April 12, due to an increase in core currency assets.

The reserves had gained USD 1.19 billion to USD 293.84 billion in the previous week. Foreign currency assets (FCAs), a major component of the reserves, were up USD 1.386 billion to USD 262.90 billion for the week ended April 12, Reserve Bank's weekly statistical supplement said today.

FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves. Gold reserves remained unchanged at USD 25.69 billion during the week, the apex bank said. For the week under review, the special drawing rights (SDRs) were up by USD 11.5 million to USD 4.345 billion, while India's reserve position with the IMF rose USD 6.1 million to USD 2.310 billion, the RBI data showed.

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No scam in allocation of coal blocks: Jaiswal

There was no irregularity in the allocation of coal blocks and the Opposition is unnecessarily creating an uproar over the matter, Union Coal Minister Sriprakash Jaiswal today said.

Jaiswal, who was here to take part in a protest against power crisis, said the matter is already under CBI investigation.

On the issue of Congress nominee for PM post, Jaiswal said the decision in this regard is always taken by party's top leadership and there is no point discussing these things now. Jaiswal further said the JPC report on 2G scam has established the fact that both the Prime Minister and Finance Minister had no role in the entire matter.

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India sees BRICS development bank agreed by 2014 summit

The five BRICS nations hope to complete preparations for their proposed joint development bank by their 2014 summit in Brazil, India's finance minister, P. Chidambaram, said on Friday.

The emerging powers group - Brazil, Russia, India, China and South Africa - announced last month at a summit in Durban, South Africa their intention to set up their own development bank to reduce their reliance on Western financial institutions.

"The BRICS finance ministers met in Washington and we reiterated our commitment to the BRICS bank," said Chidambaram.

"Before we go to Brazil for the next summit, that is one year from Durban, we hope to complete our homework," he said in remarks at the Peterson Institute in Washington.

He said officials from the five countries - who represent a fifth of global Gross Domestic Product and have high geopolitical importance in their separate regions - would refine the plan and work out technical details for leaders to sign next year in Brazil.

Questions of where the bank will be located and respective contributions of member countries would be made by the leaders, said Chidambaram.

"We hope that we can complete our work in 12 months," he said. "It's an ambitious agenda, but we are going to work hard on that."

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Audi braces for stagnation in Europe: CEO

Germany's Audi is bracing for long stagnation in Europe, though trusts that continued growth in China will help offset slumping auto demand in its core region, its CEO said on Saturday.

It will take at least three to five years until European countries will have fully overcome their debt problems, Rupert Stadler told reporters at the Shanghai auto show.

By contrast, China's passenger car market could in future grow to 20 or 25 million autos per year from about 12 or 13 million, also boosting business of premium manufacturers, the CEO said.

"Audi keeps growing," Stadler said, declining to be more specific. The VW-owned brand will "soon" increase dealerships in the world's biggest car market to about 500 from 300, sales chief Luca der Meo added.

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Boeing cuts production rate on 747-8 jumbos

Boeing Co said it would cut the production rate for the latest version of the 747 jumbo jet from 2 aircraft per month to 1.75 aircraft citing lower demand for large passenger and cargo planes.

The first delivery of the 747-8 aircraft at the new production rate is expected in early 2014, the company said, adding that the change was not expected to have a significant financial impact.

"Boeing has noted soft demand in the freighter market for some time, and if there is no pick up in orders we could see further cuts to the 747-8 production rate," RBC Capital Markets analyst Robert Stallard said in a flash note to clients.

Boeing has a backlog of 64 747-8s, with just 7 orders in 2012 and 3 orders year-to-date in 2013, he said.

Stallard added that the revenue impact of any further cut is likely to be modest, though he expects the company may have to take accounting charges related to a significant step down in production rate.

The aircraft maker has been struggling with the grounding of its 787 Dreamliner jets worldwide since January after lithium-ion batteries burned on two of the planes.

The grounding has cost the company an estimated $600 million, but Reuters reported earlier this week that regulators are close to approving a key document that could start the process of returning the grounded planes to service within weeks.

Boeing said on Friday that it expects long-term average growth in the air cargo market to resume in 2014, and forecasts a demand for 790 large airplanes, such as the 747-8, to be delivered worldwide over the next 20 years.

The 747-8 is the latest version of the over 40-year old aircraft, which competes with the A380 super jumbo made by rival Airbus . Offered in two configurations -- the 747-8 Intercontinental passenger variant and the 747-8 Freighter -- the Boeing aircraft carries a list price of about $350 million.

Boeing shares were trading up about 2 percent at $87.50 on the New York Stock Exchange on Friday.

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Rape accused arrested from in-law's home in Bihar

A 22-year-old man was arrested from his in-laws' house in Muzaffarpur in Bihar today for allegedly raping a five-year-old girl here five days ago with investigators suspecting that he fled the capital within an hour of committing the crime fearing the victim had died.

Manoj Kumar, a labourer in a garment factory in north-east Delhi, was apprehended from Chiknouta village, about 50 km from Patna, at around 2 AM, Prabhakar, Deputy Commissioner of Police (East), told reporters here. Kumar told police during initial interrogation that he fled the house in east Delhi's Gandhi Nagar at around 7 pm to catch the 8:30 pm Swatantrata Senani Express for his hometown thinking that the girl has died.

Piecing together the sequence, investigators now believe that the girl might have been kidnapped around 6 pm and raped and brutally assaulted allegedly by Kumar and he left the place around 7 pm.

"Kumar told us that he left the house thinking that the girl was dead...The girl was inside the house for 40 hours," Prabhakar said. The girl's mother had told police that the victim, who was playing outside their home, went missing around 6 pm and if the versions of both the mother and Kumar are to believed, the abduction and the brutal rape of the victim took place within one hour.

"We have got the transit remand of Kumar. He is being brought to Delhi. We will have to interrogate him to ascertain the facts," Prabhakar said. Kumar, who got married an year ago, came to Delhi with his father Bindeswar Sahi, who runs a juice shop in Old Seelampur, about 15 years ago. He had two brothers and four sisters who are staying in Bihar.

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Stock market prediction for April 22-26, 2013: Satish Gupta

Banking / financial, pharma and liquor sectors will be getting astrological support. One can buy Titan Industries & ITC on dips, says Satish Gupta of Astrostocktips.

Weekly planetary position: During the week, Moon will be transiting in Leo, Virgo & Libra. Lord Saturn & Rahu in Libra. Jupiter in Taurus. Pluto in Sagittarius. Neptune in Aquarius. Ketu, Mars, Sun & Venus in Aries & Mercury in Pisces.

New Vikram Samvat 2070 (Hindi/ Hindu New Year) have started from 11th April 2013. With commencement of new Samvat, astrologically, based on planetary position, some new sectors start out performing, while others remain laggard. According to our experience of last more than 13 years, stocks of such sectors outperform resulting in exorbitant gains, irrespective of the behavior of Market. They are called the sectors of Samvat. Last year when new Samvat started - Gem & Jewellery, Media & Entertainment & Paints sectors were sectors of Samvat 2069. In Gem & Jewellery Gitananjali Gems, Tribhuvan Das Bhimjee & Vaibhav Global shot by 110-290%. In Media & Entertainment Sun TV, Zee TV, Hathway, TV 18 & PVR moved up by 65-135% & among Paints sector Asian Paints, Berger Paints & Shalimar Paints appreciated by 55-97%. Tata Global went up by 80% during last one year.

Take the case of Sugar sector, which has been continuously getting positive news since last more than 6 months & despite decontrol - failed to outperform, simply because this sector is not receiving any astrological support.

To know which sectors will outperform in current Samvat & to achieve maximum gains please contact us.

Lord Saturn is in retrograde position from 18th February to 8th July 2013.

Following sectors will be getting astrological support & buying may be initiated on down days.

BANKING / FINANCIAL sector i.e. SBI, Canara Bank, Bank of India (BOI), UCO Bank, HDFC, LIC Housing Finance, M&M Financials, IFCI & IDFC etc will continue getting very strong astrological. This sector is being continuesly predicted by us since last one month & last week - Allahabad Bank, IDFC, Canara Bank, UBI, OBC, Karnataka Bank, SBI, Yes Bank, Axis Bank & Indusind Bank moved up by 10-15.9%. Bank Nifty was the star performer. Interestingly, even on days when NIFTY was down, Bank Nifty used to outperform, simply because, this sector is getting very strong astrological support.

PHARMA sector i.e. Cipla, Aurobindo Pharma, Dr Reddys Laboratories, Sun Pharma, Ranbaxy Laboratories, Biocon, Wockhardt, Lupin etc will also continue receiving astrological support. Last week, this sector was also predicted & during the week - Aurobindo Pharma shot up by 13% & Lupin & Sun Pharma made new highs.

LIQUOR sector will also continue getting astrological support. Last week this sector was predicted & during the week United Spirit & Tilak Nagar moved up by 15-16%. United Spirit made new life time high, despite heavy selling by lenders of KFA.

Buy Titan Industries & ITC on dips

Always be very cautious, when some main planets i.e. Rahu, Ketu, Jupiter & Lord Saturn are changing their houses. It may be that certain sectors which were continue sly getting support for long time may stop receiving support due to change in position by above planets & stocks of those sectors starts coming down, resulting in losses. This is common reason, why most people loss money.

One should trade only in the stocks of that sectors which are getting very strong astrologically support.

Sectors which get very strong ASTROLOGICAL support are not normally affected by downfall in the market.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Asus Nexus 7 3G Review

Apr 20, 2013, 05.10 PM IST

Source: Tech2.com

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Asus Nexus 7 3G Review

The Nexus 7 is finally available through Google as well as Asus. Let's see if it was worth the wait.

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Asus Nexus 7 3G Review

The Nexus 7 is finally available through Google as well as Asus. Let's see if it was worth the wait.

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In its endeavour to expand products and services across the globe, Google began selling its highly anticipated Nexus 7 tablet in India towards the end of March. A few days later, Asus officially announced the availability of the 32GB and 3G variant of the Nexus 7 as well, and at very tempting prices. Today, we'll be looking at the fully spec'd out version of Google's 7-inch tablet and see how it stacks up against the Samsung Galaxy Tab 2 and Apple's iPad mini</a>.

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Tags: google nexus 7, google nexus 7 3g review, google nexus 7 3g, google nexus tablet, nexus 7 tablet, asus nexus 7 review, asus nexus 7 tablet, asus nexus 7, nexus 7 vs ipad mini, nexus 7 vs galaxy tab 2, asus, nexus 7, nexus, google nexus tablet, android, tablet, jelly bean

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Auto, sugar, media may see profit booking: Astromoneyguru

As per Col Ajay Coe astromoneyguru , this week is represented by planet Ketu and year 2013 is represented by Venus. During week four planets will be in Mesh Rashi sun, mars, Venus and Ketu. While Saturn and Rahu are in Tula rashi apposite to each other. This combination may lead volatility in Indian stock market.

Our Advance predictions on stocks proved correct. One side upward movement was seen in Public sectors banks State Bank of India, Union Bank, were seen unexpected move around 10% to 14% upward movement under volatile market. Kindly refer to long article of different market expert almost all electronic and print media expert were carrying weak view on Indian stock market. Now check now they have changed their view. This is magic of financial astrology. Our banking and Pharma stocks have rocked the market against all market experts.

Now this week public sectors banks still looking positive while automobile, sugar and media stocks may see some profit booking in Indian stock market. Short term traders may keep eyes on ICICI Bank, Punjab National Bank, Union Bank for trading keep away from automobile and sugar stocks for time being.

This week Karak Rashi traders need to careful in big volume trading. Good quality Perl is recommended in right hand first finger under guidance of only financial astrologer. Remember this is not you who make or lose money this is your stars which lead to make profit or loss. Therefore check your horoscope before jumping in to market. Karak rashi traders kindly check vastu of their office and home specially north west direction . If there is some problem then problem toward health, difference of opinion with children may happens.

All above predictions have made base on astrology, Profit and loss are based on individual's horoscope. Kindly get check horoscope from financial astrologer before taking any decisions. Risk factors should always consider in future trading Col Ajay (Astromoneyguru)

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Check out: 13 stocks you should keep on your radar next week

WIPRO

Wipro's Q4 consolidated net profit rose near 1% QoQ and 17% YoY to Rs 1,729 cr, helped by new outsourcing deals

Net sales, were however disappointing, up just 0.3% sequentially (13% YoY) to Rs 9,613 cr

Also Read - Q1 traditionally weak quarter; bullish on Q2: Wipro

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Rovio preparing springtime update for Angry Birds Season

Written By Unknown on Minggu, 14 April 2013 | 23.55

Apr 13, 2013, 06.20 PM IST

Source: Tech2.com

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Rovio preparing springtime update for Angry Birds Season

Looks like Rovio is preparing a new episode for one of the most popular mobile games of all times. An Angry Birds Seasons update teaser was sent by the Finnish

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Rovio preparing springtime update for Angry Birds Season

Looks like Rovio is preparing a new episode for one of the most popular mobile games of all times. An Angry Birds Seasons update teaser was sent by the Finnish

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Looks like Rovio is preparing a new episode for one of the most popular mobile games of all times. An Angry Birds Seasons update teaser was sent by the Finnish company to Angry Birds Nest, giving us a hint or two about the forthcoming update. Just in time for the beginning of spring, the update could in fact be for that season and there are a couple of clues in the picture sent by Rovio. Firstly, the backdrop for the image is a starry sky, which indicates that the levels might take place in the spring night. Then the text, 'The new season update is...' is getting sucked into some kind of a black hole or a portal. This hints at some of the mechanics for the new game

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Tags: Angry Birds, Rovio games, Angry Birds Seasons, Angry Birds Seasons update, Angry Birds Star Wars, Angry Birds Space, Angry Birds games, The Croods, Bad Piggies, Amazing Alex, Rovio mobile games

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BlackBerry refutes reports claiming Z10s being returned by buyers

Apr 13, 2013, 06.55 PM IST

Source: Tech2.com

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BlackBerry refutes reports claiming Z10s being returned by buyers

BlackBerry has reacted sharply to claims by an investment housethat the Z10 is being returned by buyers at an alarming rate...

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BlackBerry refutes reports claiming Z10s being returned by buyers

BlackBerry has reacted sharply to claims by an investment housethat the Z10 is being returned by buyers at an alarming rate...

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BlackBerry has reacted strongly to claims by an investment house that the company's brand new Z10 handset is being turned back in by buyers after being dissatisfied with its performance. Issued earlier this week, the report by Detwiler Fenton & Company in Boston, USA, says that the BlackBerry Z10 phone is being returned by buyers at an above-average rate. However, the Waterloo, Ontario-based company has refuted these claims and has suggested that the report is an attempt to manipulate the company's share price. Going one step further, BlackBerry has even said that it would ask the Securities and Exchange Commission to investigate Detwiler Fenton's report. BlackBerry claims that Detwiler Fenton refused to hand over the report to BlackBerry's investors or the methodology behind it to the Canadian company, even after they were said to be "absolutely false."

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Tags: BB10, BlackBerry 10, BlackBerry 10 OS, BB10 OS, BlackBerry Z10, BlackBerry Z10 sales, BlackBerry Z10 sales figures, BlackBerry Z10 returns, refurbished BlackBerry Z10, second-hand BlackBerry Z10, BlackBerry Z10 sales in US, BlackBerry Z10 sales in India, BlackBerry Z10 price in India, BlackBerry Z10 performance, BlackBerry Z10 vs iPhone, BlackBerry Z10 vs Android smartphones

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Fuel availability vital for industrial turnaround: CRISIL

CRISIL Research has come out with its report on IIP data for January 2013. According to the research firm, India's core industries, the economy's lifeline, are slipping badly. February IIP data shows a decline in electricity output compared to the same month last year.

Coal and gas shortages are partly to blame for this fall in power generation for the first time in several years (as reflected in IIP). This, along with the fact that mining output has contracted in 18 out of past 20 months leaves us with a key question can we reverse industrial decline without rebuilding India's core industries? The answer is clearly no.

For sustainable industrial revival, India needs to push infrastructure and industrial investments. The turnaround in the investment scenario critically depends on assured fuel availability. In addition, India needs to create a competitive business environment by solving issues related to procedural delays, to attract foreign direct investment as well as spur investments from Indian companies. These would, in turn, help create jobs, improve incomes, and raise household consumption. In 2013-14 normal monsoons, pre-election government spending and a marginal reduction in the lending rates could, at best, provide a temporary respite to consumption.

Industrial output grew by only 0.6 per cent in February 2013 compared to a year ago. Only manufacturing output grew by 2.2 per cent, while mining and quarrying, and electricity output contacted by 8.1 and 3.2 per cent respectively. Both the sectors posted their worst performance in several years.

Consumer goods output grew, aided by a growth in output of consumer non-durables. Consumer durables' output, in contrast, continued to decline for the third consecutive month, suggesting a weak household demand.

Output the eight core infra industries, having nearly 38 per cent weight in IIP, contracted by 2.5 per cent in February compared to 3.1 per cent growth in the previous month. A decline in electricity generation and a fall in production of crude oil, coal, natural gas and fertilisers adversely impacted overall IIP.

Disclaimer: CRISIL Limited has taken due care and caution in preparing this Report. Information has been obtained by CRISIL from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL Limited has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this Report. The Centre for Economic Research, CRISIL (C-CER) operates independently of and does not have access to information obtained by CRISIL's Ratings Division, which may in its regular operations obtain information of a confidential nature that is not available to C-CER. No part of this Report may be published / reproduced in any form without CRISIL's prior written approval.

The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Gold prices suffer biggest ever loss on global cues

Crash-like conditions developed on the bullion market today as gold prices recorded the biggest ever fall of Rs 1,250 per ten gram to hit one-year low on frantic selling by stockists amid a steep fall in overseas markets.

The gold, which had been on rolling down mode this week and traded below Rs 30,000, fell further sharply by 1,250 to Rs 28,350 per ten gram, a level last seen on April 7 last year following a steepest fall of 84 dollar to 1,477 dollar an ounce in global markets.

"The gold suffering such a biggest single day fall of Rs 1,250 is never seen before and may lose more ground in coming days mostly influenced by speculative selling in futures markets,' said All India Sarafa Bazar Vice president Surender Jain.

He said the market was mostly driven by global markets and futures trade, while there was hardly any physical buying.

The gold in New york, which normally sets price trend on the domestic front, tumbled to the lowest since July 2011 on signs that investors are favouring the dollar and equities as the global economy recovers. Market experts said despite the ongoing Navratras festival, an auspicious week in hindu mythology for purchasing precious metals, retailers remained on sidelines on expectations of more correction in the prices.

Meanwhile, gold in futures trading dipped below Rs 28,000 on the Multi Commodity Exchange of India today as speculators remained net sellers. Silver also recorded a steep fall of Rs 2,500 at Rs 50,100 per kg on falling demand among industrial units and coin makers in the face of stockists selling driven by a hefty fall of 6.54 per cent to 25.85 dollar an ounce in New Uork.

On the domestic front, gold of 99.9 and 99.5 per cent purity suffered a whopping loss of Rs 1,250 each at Rs 28,350 and Rs 28,150 per ten grams respectively. Sovereign followed suit and lost Rs 300 at Rs 24,800 per piece of eight gram. In a similar fashion, silver ready nosedived by Rs 2,500 to Rs 50,100 per kg and weekly-based delivery by Rs 2,745 to Rs 48,780 per kg. Silver coins also dropped by Rs 2,000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

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Outlook positive for pharma companies: ICRA

Painting a favourable picture for the Indian pharmaceutical companies, leading credit rating agency, ICRA said these companies will continue to benefit from recovery in the domestic market (though pricing policy would have near-term impact), strong growth potential in generics market in developed countries and increasing geographic footprint; overall, investments in R&D and manufacturing capabilities are likely to remain buoyant over the medium term.

ICRA in its report on pharmaceutical sector said balance sheets of major pharmaceutical companies remain strong and provide adequate room for fund raising if required.

Aided by strong growth from U.S. generics business, increasing footprint in new territories and currency tailwinds, ICRA's coverage group comprising of 23 companies with diverse business models witnessed a growth of 22 percent in revenues during the first nine months of the fiscal and relatively stable EBITDA margins.

Overall, according to the ICRA report, margin pressures were limited to a few companies and lack of new product introductions in the U.S. (resulting in lower gross margins), higher R&D costs and one-time charge related GDUFA pay-out were the most common factors. Though a positive, INR depreciation impacted earnings of companies with debt profile skewed in favor of foreign exchange borrowings (i.e. MTM losses). In addition, most companies also provided for higher tax provisioning (due to conclusion of tax holidays at many locations and revised policies on taxation of partnerships), which shaved-off part of the earnings growth.

However, as the industry steps closer to a new pricing policy, it is finding itself in the midst of uncertainties as some of the nuances of the policy remain blurred. While price control remains a near-term challenge, ICRA says that it believes that the industry should revert to a growth of 13-14 percent over the medium-term as structural growth drivers remain intact.

The Government's pro-generic initiatives may not impact the industry structure at least in the medium-term as challenges in its execution, budgetary constraints, lack of resources to effectively monitor quality across manufacturing chain and more importantly a market that is predominantly self-paying in nature and largely physician-influenced, make a meaningful shift in favour of 'pure generics' unlikely according to the ICRA report. However, as the industry prepares for these challenges, focus is expected to shift in favour of niche segments (i.e. combined dosages, novel drug delivery areas), in-licensing (with innovators), building OTC business and capturing growth in tier II/III cities. Some of these initiatives may exert pressure on cost structure, especially in form of higher promotional spend (to market new products) and field force productivity, resulting in moderation in profitability indicators, which have otherwise been the best among other segments, the report stated.

U.S. Generics: Patent expirations will continue to underpin growth; focus on complex generics and attempts to diversify positive for long-run
The growth prospects for Indian companies would benefit from a) sizeable generic opportunity (drugs with brand value of ~USD 80 billion are expected to face generic competition over the next 4-5 years), b) strong pipeline of ANDAs pending approval, with high proportion of complex generics incrementally and c) market share improvement given the relatively small base (share of leading Indian companies is less than 10 percent in the U.S. generics space). Acquisitions to gain technical capabilities and focus on strengthening branded business (albeit on a small scale) are gaining momentum as companies feel the need to diversify.

Europe: Growth opportunities marred by pricing pressure and changing market dynamics Pricing pressures in wake of healthcare reforms and changing market dynamics have largely offset the impact of expanding product portfolio and geographic footprint for companies in Europe. A relook at business strategies appears to be therefore a common theme with focus on expanding presence in relatively underpenetrated markets (i.e. France, Spain & Italy), branded generic markets in East Europe and niche areas like complex generics, OTCs etc.

Emerging Markets: Offer promising growth opportunities but with caveats Apart from U.S. generics, Emerging markets present one of the most promising growth opportunities for Indian pharmaceutical Companies Amongst new frontiers, evolving generic market in Japan (world's second-largest pharmaceutical market with only 23 percent generic penetration) and biosimilars provide long-term growth prospects for Indian companies. While product filings and approvals will be gradual in Japan, hurdles in biosimilars could be multi-fold, stemming from higher R&D outlay for clinical trials and uncertainties related to pathway for regulatory approvals.

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YT Awards: Recognizing finest Indian social entrepreneurs

Young Turks, over the past eight years, showcased entrepreneurs attempting to address real problems in education, healthcare, skills development and access to finance through innovative models. The show partnered with the World Economic Forum and the Schwab Foundation to recognize social change agents via the India Social Entrepreneur Awards for the last eight years.

This year YT join hands with the Sankalp Forum and Intellecap Initiative. Sankalp recognises and supports innovative, sustainable, high impact social enterprises. Over the last four years, it has mentored 100's of social entrepreneurs and facilitated over USD 120 million in equity investments in more than 30 enterprises.

The Sankalp Social Enterprise Awards were organized to recognise the best social enterprise models in five major categories. They are agriculture, food and rural business, clean energy technology, education, vocational training, healthcare, water and sanitisation and technology for development.

The applications for the fifth edition of these awards came in from across the country. The finalists competed to win funding worth Rs 5 crore and a cash price of USD 40,000 as part of the Sankalp-Artha Grand Prize. The finest were vetted through a rigorous three month process by a panel of global investors. Around 21 companies made it to the finals and the winners will be announced on the April 18.

Some of the young finalists of the 2013 Sankalp Social Enterprise Awards are mationed below:

Dialogue in the Dark

Dialogue in the Dark (DID) traces back its journey to Germany in 1988. It has so far reached at 10 million visitors across 23 countries, while also providing employment to more than 8,000 visually impaired candidates. Once, when SV Krishnan tumbled on to one such exhibit, thanks to a delayed flight in Atlanta, it left a lasting and profound impression. Determined to introduce Indian audiences to such an experience, he along with cofounder Sudha Krishnan started an exhibit centre of Ace DID in Hyderabad in 2011.

The concept of Dialogue in the Dark is simple. Visitors are led by blind guides in groups into an area of pitch darkness forcing them to experience what it is like to live life without the ability to see and orient them to a world without pictures. The tour lasts about an hour but the impact Krishnan says is for life.

"We have had more than 25,000 school children coming to Dialogue in the Dark and experiencing darkness and taking back a message on social inclusion and divest education" says SV Krishnan, Co-Founder, Ace Experiences Asia. DID goes to colleges and corporates as well.

The only venture in the world that uses entertainment to educate people on socially relevant themes, Dialogue in the Dark also generates revenues through exhibition ticket sales, its restaurant Taste of Darkness and corporate workshops. DID has grown 80 percent per annum and Krishnan says has grossed revenues of Rs 2.5 crore. After the success of Dialogue in the Dark in Hyderabad, Ace Experiences Asia now wants to create 35 miniatures makeshift versions of Dialogue in the Dark to take the initiative pan India over the next five years.

Institute for Quality Skill Training

Around 80 percent of India's skill development means are at the bottom of the Pyramid. A 39 year old, Aditya Baran Mallik wants to address that market. Founded in 2009, Aditya's Brain Child, the Institute for Quality Skill Training helps skill youth from low income homes investment gold in Jharkhand to ensure a better livelihood. It has trained and placed nearly 10,000 candidates since inception.

Aditya Baran Mallik, founder says, "around the end of 2008, I came up with the idea that maybe we should have a specific model of vocational education, which would enable livelihood for all through skill training. That's how we developed this concept". In January of 2009, he started this company. The idea was to provide the easiest, fastest, cheapest and safest option for livelihoods through skilled training to everyone in the society specifically the disadvantaged.

Aditya and his team of over 100 plan to set up training centers in 13 states of India over the next three years to reach a training capacity of 50,000 students annually. With a turnover of Rs 2.5 crore, Institute for Quality Skill Training has been funded by Kitendo Capital. It is a Switzerland based angel impact investment fund. Aditya is currently working towards a second round of funding through mix of equity and debt.

Hippocampus Learning Centres

It was founded in 2010 by former Infosys employee, Umesh Malhotra. Hippocampus Learning Center provides affordable education to children living in rural India. The venture has established education centers in villages offering a full day kindergarten program and after school primary education as well.

Charging between Rs 1,200-3,000 a year, Hippocampus Learning Centres have taught over 3,000 students across 78 villages in Karnataka. Now it plans to reach three lakh students by 2018. Umesh and team have roped in 220 teachers so far with the emphasis being on training women from within the local communities.

Umesh Malhotra the founder feels that if looking at competition, the government schooling starts at class one. So, for many children, they actually do not have access to any kindergarten in the formal environment. At the same time, the government offers anganwadi. "These anganwadis are free, but they are largely run as day care centers. Therefore, even these centers do not offer pre-primary education to children", he added.

Having received funds from Unitus Seed Fund, the Acumen Fund and Lok capital, Umesh has allocated the money to fuel expansion plans and also provide scholarships to children who cannot afford the fee. It is hoping to clock a turnover of Rs 84 lakh this year. Umesh is now working on expanding Hippocampus's geographical reach.

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Viral Tumblr blog exposes innocent users of stolen laptop

Apr 13, 2013, 06.50 PM IST

Source: Tech2.com

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Viral Tumblr blog exposes innocent users of stolen laptop

A month after losing his laptop to theft, London-based Dom Deltorto was surprised when the tracking software on his laptop tracked it in Tehran, Iran...

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Viral Tumblr blog exposes innocent users of stolen laptop

A month after losing his laptop to theft, London-based Dom Deltorto was surprised when the tracking software on his laptop tracked it in Tehran, Iran...

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A month after losing his laptop to theft, London-based Dom Deltorto was surprised when the tracking software on his laptop tracked it in Tehran, Iran. And much to his surprise, the laptop even began sending back images of the family who it seems purchased his laptop and were now using it .

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Plan your complete vacation using a smartphone

Apr 13, 2013, 06.20 PM IST

Source: Tech2.com

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Plan your complete vacation using a smartphone

Planning a summer vacation? You can now easily plan your entire vacation using your smartphone

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Plan your complete vacation using a smartphone

Planning a summer vacation? You can now easily plan your entire vacation using your smartphone

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Planning a summer vacation? You can now easily plan your entire vacation using your smartphone. There are numerous travel apps out there that will help you plan every stage of your vacation – right from browsing for locations to making travel arrangements, booking hotels, cabs, planning your itinerary, and more. Furthermore, you can even check-in at the airport using your smartphone by opting for the electronic boarding pass; similarly, the virtual reservation message sent on your phone by the railways will act as a valid ticket.

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Tags: Plan your travel on smartphone, book tickets on mobile, book hotels on mobile, book cabs on mobile, plan trip on mobile, plan vacation on smartphone, travel apps, best travel apps, best android travel apps, best travel apps for iOS, Tripit, makemytrip, cleartrip, IRCTC, Expedia

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Sweetcouch, the latest online window shopping destination

Apr 13, 2013, 06.40 PM IST

Source: Tech2.com

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Sweetcouch, the latest online window shopping destination

Though online shopping has indefinite advantages, many users still miss wandering around and indulging in window shopping...

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Sweetcouch, the latest online window shopping destination

Though online shopping has indefinite advantages, many users still miss wandering around and indulging in window shopping...

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Though online shopping has indefinite advantages, many users still miss wandering around and indulging in "window shopping". We were approached by one such site called Sweetcouch.com that aims at providing a "window shopping" experience right at the comfort of your couch. In an attempt to create a window shopping place, the site comes with a Pinterest-like interface (similar to TheFancy.com), showing large image thumbnails of several products. Just hover over the product image and you will see options to buy it instantly or add it to your wishlist of products that you plan to buy later. Sweetcouch has been live for the past six months, but it was launched in January for public. And in the past one month, approximately 2.5 million products were viewed on Sweetcouch, claims the site.

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Kawasaki Ninja 300: India First Ride

We've already told you everything that's in the Kawasaki Ninja 300, so lets see what its like to ride on Indian roads.

What's it got?

The Ninja 300 is closer to an all-new motorcycle than an update to the 250R. The changes are visible in every area - be it styling, performance or handling. The engine now displaces 296cc versus the previous 249cc thanks to the increased stroke, and the engine is now lighter thanks to the extensive use of aluminium. Engine revisions are exhaustive, justifying the all-new tag. The pistons are lighter and get flat crowns, the connecting rods are shorter and thicker, and the cylinders lighter. The intake ports and valves have both grown in size. The redline remains the same at 13,000rpm, but all these changes help the 300's engine rev quicker than the 250. Power output is up to 39PS from the previous 33PS, while torque too has gone up to 27Nm from the earlier 22Nm. Also, the engine is now rubber mounted, which makes it silky smooth.

How is it to ride?

The biggest change between the 250R and the new Ninja 300 is the power delivery. While the 250R was more peaky, the 300 offers a meatier midrange, not to mention stronger top-end performance. This, in effect, means that the 300 is a lot more rideable in the city. For those of you who own the 250R and have been using it for their regular commute, the lack of bottom-end and midrange grunt will have been apparent. The 300 changes that, as it offers a lot more pull even as low as 4000rpm. This eliminates the need for constant downshifts and offers quicker acceleration at all times be it overtaking or pulling away from a traffic light. The engine is a lot smoother throughout the rev range, and even when revving hard, there's no vibration anywhere. It sounds more or less similar to the 250R, and is the sweetest when revving past 10,000rpm. The pull at high revs matches the stronger midrange, making the power band feel more linear than the 250R's. The gearbox is butter smooth, offering precise shifts at all times, with minimal effort.

The slipper clutch is something we have seen previously only on larger super sport machines and while we did not really feel the need for it while riding the 300, it does work well. Aggressive downshifts are a lot smoother and in turn less scary if accidental. Kawasaki's claim of the clutch being lighter to use at the lever is true, as the 300's clutch feels extremely light. Straight line acceleration is impressive, and the 300 should accelerate to 100kmph from standstill in no more than 7 seconds. Top whack should be higher than the 250 as well, and we expect it to be in excess of 170kmph.

Given the improvements to the engine we expect the 300 to return better fuel efficiency numbers too, despite the increase in performance.

On open highways, the 300 is a beast waiting to be unleashed. Performance is impressive, and the 300 loves being pushed. If conditions permit, the Ninja 300 should have absolutely no trouble in cruising at well over 100kmph all day.

Ride and handling

The 250R was an impressive machine in terms of handling and the 300 only improves that. It feels confident slicing through traffic, aided by the improved midrange performance, making it a slick commuter. This is aided by the able suspension ever so slightly on the stiffer side, while soaking up undulations impressively. The riding position, with the comfortable two-piece handlebars and lower seat, makes for great comfort, and riding the 300 all day long in the city or on the highway should not be a problem. Around corners, it feels confident. Quick direction changes are never a problem, as isn't leaning the bike over around a fast corner. The IRC tyres provide ample grip at all times, and the larger 140mm rear tyre adds to one's confidence. Importantly, the 300's brakes are not as ferocious as the 250R's in terms of bite, and feel more progressive, while providing ample stopping power.

Is it worth the money then?

The Ninja 300 is clearly a motorcycle for the passionate and well-informed motorcyclist who knows what he is getting. The 300 gets a host of technical updates which make it a highly desirable motorcycle. It certainly takes the entry-level performance game to a higher level, though at a significant premium over the 250R. It is a great motorcycle to look at with the ZX-10R inspired twin headlights, and feels like a much larger mount. It boasts of top notch build quality and fit-finish, and is without doubt a high-end product. That said, the price of Rs 3.50 lakh ex-showroom New Delhi does sound steep, but the 300 with its design, performance and snob value should make for an ownership experience like none other in its class.

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Company of Heroes 2 up for pre-order on Steam

Written By Unknown on Minggu, 07 April 2013 | 23.55

Apr 06, 2013, 05.55 PM IST

Source: Tech2.com

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Company of Heroes 2 up for pre-order on Steam

Relic's next big gameCompany of Heroes 2is up for pre-ordering on digital distribution platform Steam. The game can be pre-ordered for $59.99...

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Company of Heroes 2 up for pre-order on Steam

Relic's next big gameCompany of Heroes 2is up for pre-ordering on digital distribution platform Steam. The game can be pre-ordered for $59.99...

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Relic's next big game—Company of Heroes 2—is up for pre-ordering on digital distribution platform Steam. The game can be pre-ordered for $59.99, which roughly converts to Rs 3,280. Pre-ordering the game gets you a bunch of bonuses, including a Theatre of War Mini Pack and some skins, such as the Winter Ambush skin and the Woronezh Front skin. The game will be out on June 25. Apart from the pre-order bonuses, buying it now also gets you the ability to get access to the game's beta.Theatre of War is a mini-campaign of sorts that lets players experience a new single player story from events happening in different parts of the world. concurrently to the events happening in the actual single-player campaign.Players will also get new multiplayer commanders, which will further help customise their armies. The German army gets the Joint Operations Doctrine, which specialises in artillery strikes and the Offensive Spearhead Doctrine for players who prefer using heavy armour and airstrikes to defeat opponents.

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Tags: Company of Heroes, Company of Heroes 2, Company of Heroes Sequel, CoH 2, Relic Entertainment, Sega, Relic, THQ, Gaming, Games, PC Gaming, PC Games, Strategy Games

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I am risk-averse banker: Tripathi, author, Shiva Trilogy

Amish Tripathi's decision to ditch his corporate career to take a shot of writing has given India its latest publishing poster boy. The author of the best-selling Shiva Trilogy is a man who managed to reinvent himself in his late 30s. Tripathi now gears up to woo the masses with his latest, the Oath of the Vayuputras. Shereen Bhan of CNBC-TV18 reports.

Also read: Bombay Talkies: An ode to 100 glorious years of Bollywood

The one big risk that this banker did take of putting pen to paper has reaped rich dividends. According to Amish's Chennai-based publisher Westland, his debut novel the Shiva Trilogy has become the fastest-selling book series in the history of Indian publishing with 1.5 million copies being sold within a short period of three years. It grossed over Rs 40 crore in sales. While Amish is the toast of the publishing world today, his start was the typical struggling-writer story albeit minus the real struggle of having to worry about putting food on the table.

Tripathi says, "I do not come from a wealthy family, so I cannot afford to be irresponsible. I need to be responsible as far as my career decisions are concerned. I resigned only once I realised that my royalty cheque is probably enough for me to meet my responsibilities. So I am a risk-averse banker."
Initially, his books were rejected by every single publisher.

"I stopped counting at 20. We must have sent it to almost every single publisher in India. I was told that apparently publishing is a very factious industry. If you put 10 publishers in one room you will get 11 opinions, but on my book there was rare unanimity."

Every single person thought there is no way this book can sell, because their assumption was that it is a religious book, and the youth are not really interested in religion. Tripathi was told that he should write love stories or something like that because that is what will sell. But this is the story he was committed to.

Now, Westland is laughing all the way to the bank. It has just signed up Amish for a whopping Rs 5 crore for his next series. This is the highest advance paid to an Indian author by an Indian publishing house so far.

It is easy extending the brand when it is a success, so the trilogy is now being marketed across different platforms to make more money and give it a longer shelf life. Amish has roped in friend and adman Sangram Surve to promote the book using music.

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FY13 revenue target met, fiscal deficit lower than 5.2%: FM

Finance minister P Chidambaram on Saturday said the fiscal deficit for 2012-13 will be better than 5.2 percent as tax-collection target of over Rs 10.38 lakh crore has been achieved.

"As always there will be some savings (on expenditure) So what does it mean ... if we reach the revenue target an if there are some savings, the fiscal deficit will be bette than 5.2 percent that I have projected," Chidambaram said. He, however, did not "hazard a guess" on the actual fiscal deficit number for 2012-13.

On revenue collections, Chidambaram said while there wa a slippage on direct taxes front, the indirect tax mop up has exceeded the revised estimates. "The indirect-tax collection was excess over the target. In direct taxes, there was a shortfall. But overall, we have achieved the target of over Rs 10.38 lakh crore," he said, adding that the revenue growth in 2012-13 was 16.7 percent.

He said this revenue growth is "commendable" in the "difficult year" of 2012-13 when the economic growth is expected to be 5 per cent or a shade above it. The revised estimates was to collect over Rs 5.65 lakh crore from direct taxes and Rs 4.69 lakh crore from indirect taxes.

Total expenditure was pegged at Rs 14.30 lakh crore. With savings in expenditure, the fiscal deficit is expected to be lower than 5.2 percent as projected in revised estimates. As per government's fiscal consolidation road map, the gap between revenue and expenditure is to be brought down to 4.8 percent by 2013-14 and 3 percent by 2016-17.

The finance minister also exuded confidence that the revenue target for 2013-14 financial year would be achieved as the GDP growth is likely to be over 6 percent.

"Revenue target of 2013-14 is achievable ... because we believe GDP will grow by 6 per cent or above 6 percent," he said. When asked about the results of the over one lakh letters sent by income-tax department to non-filers, Chidambaram said he was happy that the approach was paying dividends.

"I think our non-adversarial and tax-payer friendly approach is paying off. These very kind and loving letters are paying off and people are filing returns. I am telling my officers this is the approach to take ... Tell them (non-filer or stop filers) we have the information about you, why don't you file your return. It is paying dividend," a smiling finance minister said.

Detailing the results of I-T letters, he said the number of e-returns filed in 2012-13 have increased by over 50 lakh to more than 2.14 crore against the previous fiscal. To a query on the record high current account deficit
(CAD) in the October-December quarter of 2012-13, he said the final numbers for the financial year would be more tolerable.

He further said exports would have to be increased and unnecessary imports needs to the curbed to bring down the CAD. The CAD, which reflects the gap between outflow and inflow of foreign currency, touched a historic high of 6.7 percent in the third quarter on account of higher imports of oil and gold and slowdown in exports.

"The fourth quarter data, whatever RBI has been able to capture, will be much smaller and number for the whole year will be more acceptable, more tolerable. If you are surprised by the largeness of the third quarter data, perhaps you will be surprised by the smallness of the annual figure," he said. He further said gold imports are taking place because of inflation. "We have to contain inflation," Chidambaram said.

Asked about Vodafone tax dispute , he said the amendments to the I-T Act would be moved in Parliament after a way to resolve the issue is found. He said it is unlikely that the amendments would be moved in the ongoing Budget Session. The British telecom major, facing a Rs 11,200-crore tax demand, has sought conciliation with the Indian government.

"The Union Cabinet will take a final decision whether to go for conciliation," he said.

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China's big banks 'faking' micro loans: Study

China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans, a researcher said on Saturday, suggesting a government drive to increase micro-lending is struggling.

Also read: China output offsetting slower growth elsewhere: HSBC

Ba Shusong, a researcher from the Development Research Center, a think-tank that advises China's cabinet, said the biggest Chinese banks are still setting tough collateral standards for small firms, who often cannot meet the demands.

This leaves 60 percent of small Chinese firms without bank financing, Ba said, citing a study that he led on funding conditions for small and micro-sized firms. China wants to increase financing for its small businesses and has ordered its state-controlled banks to step up lending to them to avoid a repeat of a 2011 cash crunch, which some analysts had worried could destabilise the banking system.

"Everyone right now talks about financing for small and micro sized firms," Ba said. "There is a portion of big banks who are faking their lending to small and micro-sized firms," he told a forum in Boao in southern China, without further details.

The study that surveyed 1,000 small and micro-sized Chinese firms across a dozen sectors showed only 40 percent of companies have loans from banks right now. And despite China's central bank cutting interest rates twice by a total of 50 basis points last year to spur a domestic economy trapped in its worst downturn in 13 years, the study said 66 percent of firms have not seen their funding costs fall.

Instead, 40 percent of firms said they pay interest rates of over 10 percent, while the rest have financing costs of between 6 percent and 10 percent. A third of companies said financing costs are their biggest cost

China's one-year benchmark interest rate, targeted by the People's Bank of China when it changes monetary policy, stands at 6 percent. "The lack of appropriate collateral is one of the basic sources of financial difficulty for small and micro businesses," the study said.

Banks often demand companies to stump up property as a collateral or a guarantee before they get a loan, it said, even though the survey showed 83 percent of businesses do not own their own factory space. The study recommended that banks expand their pool of acceptable collateral to include orders, warehouse warrants, equity and intellectual property.

Though modest in size, small businesses punch above their weight in China, accounting for three of every four jobs and 60 percent of the nation's output. But they are often turned away by banks who favour big, state-owned companies.

Small businesses took a beating in 2011 when a succession of rate hikes by China's central bank slowed the Chinese economy and dramatically raised their borrowing costs in the kerb market to over 30 percent for some.

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Blackstone heading to Texas to firm up Dell strategy

Blackstone Group will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's USD 24.4 billion buyout bid. Blackstone and billionaire investor Carl Icahn separately made preliminary proposals in late March that, if finalized, could be superior to the offer on the table from Michael Dell and private equity firm Silver Lake Partners LP.

Also read: Dell concerned with Blackstone buyout offer : Sources

The outcome of the auction would determine the future of Dell as well as chief executive Michael Dell, who founded the company in a dorm room in 1984 and turned it into the world's No 3 personal computer maker.

In its first step toward firming up a bid, Blackstone is working closely with Michael Dell in putting together a new business plan and actively talking to him about staying on in his current role as CEO, two people familiar with the matter said.

If Michael Dell gets on board with Blackstone's still-developing strategy for Dell, he would be Blackstone's preferred choice running the new company, the sources said. But the buyout firm also is putting an alternative executive plan in place.

Blackstone has hired an executive consulting firm that has reached out to about half a dozen high profile industry executives to help evaluate Dell's businesses and provide advice around strategy, the sources said.

The New York-based private equity firm and its consultant are also talking to a few of the executives for potentially running Dell, while some others are being considered for board positions, the sources said.

The executives that have been contacted by the executive reference firm include Cisco Systems Inc director Michael Capellas, former IBM Corp services head Michael Daniels, Oracle Corp President Mark Hurd and Hewlett-Packard Co's PC boss Todd Bradley, the sources said.

Hurd, who sources previously have said was being pursued for a CEO job, has said he is happy at Oracle. Representatives for Capellas and Daniels did not return calls seeking comment. Bradley said in an email he was not contacted for a CEO position.

The leading external candidate for the Dell CEO job is Capellas, who has been in extensive discussions with Blackstone in recent weeks brainstorming on strategy for Dell and evaluating the industry, the sources said.

Capellas, best known as CEO and Chairman of PC maker Compaq, that he sold to Hewlett-Packard in 2002 for $25 billion, has been spotted entering and leaving Blackstone's Park Avenue headquarters several times over the past few weeks.

In recent years, Capellas served as Chairman and CEO of VCE, a collaboration between EMC Corp , Cisco and VMware Inc . He no longer holds those posts.

"No one knows who will ultimately sign on yet," one of the sources said. "(Blackstone) is exploring options with those people."

Executives from the private equity firm and its consultants will head to the Round Rock, Texas, Dell's headquarters on Monday, to kick off the due diligence that is expected to last about four weeks, people close to the matter said.

"What Blackstone is trying to do is develop a smarter structure that provides more options than what Michael Dell and Silver Lake seem to be doing," another said, adding that the firm is trying to figure out a different way for Dell going forward.

All the sources asked not to be named because the discussions are confidential. Spokesmen for Blackstone and Silver Lake declined to comment. A spokesman for Michael Dell was not available for comment.

Blackstone's team leaders for the bid include Dell's former head of strategy, Dave Johnson, currently a senior managing director at Blackstone. In the past, Johnson and Michael Dell have not seen eye-to-eye over a strategy that would take Dell forward, the sources said.

Johnson is working with Chinh Chu, one of Blackstone's most experienced partners, who has been carrying out transactions for the firm since 1990.

Michael Dell and Silver Lake envision Dell as an integrated company, with the No. 3 PC-maker continuing to focus on a diverse offering that includes enterprise software, servers, PCs and financial services.

Johnson's strategy, if Blackstone acquires Dell, would be to focus the company on enterprise software and accelerate the effort to bring together all the acquisitions made in this space, a source close to Johnson said.

In addition, under Johnson's plan, the company would exit its finance business, the source said, adding that Johnson also wants to make the company less Texas-centric and more global to attract more talented employees.

During Johnson's three years at Dell, he oversaw an aggressive acquisition strategy with some 18 to 20 deals, including the 2009 purchase of Perot Systems Corp, which catapulted Dell into the technology services market alongside IBM and HP.

But one of the sources cautioned that the due diligence process is still in the early stages, and that Blackstone is just starting to put together a business plan.

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Bear attack: Nearly 30% BSE stocks trading below 2008 lows

Riken Mehta
Moneycontrol.com

This is turning out to be a nasty bear phase; in fact worse than the meltdown during the global financial crisis of 2008.

According to data analysed by moneycontrol.com, 697 out of 2400 actively traded stocks on the BSE are trading below the lows seen in late 2008. Back then, most of the stocks managed to recoup a good chunk of the losses as the market rallied dramatically. Two events changed sentiment for the better; one was the UPA coalition returning to power without the support of the Left parties, and the other was the stimulus package that helped sustained the growth momentum in the economy.

Today, the situation is equally bad if not worse. The economy has stalled, corporate earnings are weak, and political turmoil is holding the government back from taking any major reform measures.

But the key difference between 2008 and now is that many of the problems are company-specific, than having to do with the broader economy. In many of the midcaps and small caps which have fallen 50-80 percent, investors are more worried about accounting policies and corporate governance standards than the earnings growth rate.

For full list, Click on the attachment

Index	Below 2008 Lows	Total Scrips
Sensex	1	30
Nifty	2	50
BSE 100	9	100
BSE 200	17	200
BSE 500	63	500
MIDCAP	20	249
SMLCAP	75	514

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China keen on investing USD 3bn in new Mumbai metro project

The Chinese government is ready to pump in upto USD 3 billion into a proposed metro project connecting Colaba in south Mumbai to Santacruz in the northern fringe of the megapolis, a top government official said on Saturday.

The Chinese are also keen on participating in other infrastructure projects apart from those in the agriculture sector in the country, the official said. "We are keen to bring our technology for the new metro project in Mumbai. We are also ready invest in technology upgrade for the textiles sector, infrastructure and agriculture projects in the country," Chinese Consul-General in Mumbai Liu Youfa told PTI.

He said they are "willing to invest USD 3 billion in the metro project through foreign investments along with latest technology." The feasibility study on the proposed Colaba-SEEPZ (Santacruz Electronic Export Processing Zone at Andheri) metro project is ready and the Maharashtra government is looking for technology and funding for the venture.

Liu claimed China was already providing magnetic and bullet-train technology to over 30 countries. Indian Merchants Chamber president Niranjan Hiranandani, who was also present at the event, said the industry body will do everything to help attract Chinese investment into the infrastructure projects in Mumbai.

"We need to work on two-way investment which will reduce the trade deficit on Indian side and create more jobs," Liu said. The trade between the two Asian giants stood at USD 73.9 billion in 2011 and dropped marginally to USD 70 billion in 2012 due to economic slowdown, he said.

The Consul General, an economist by training, spoke on further developing relations between India and China. "Together, the two countries comprise 37 percent of the world's population. If we both come together, nobody can stop our growth. However, if one of us focuses individually on growth, it's going to hinder the other," Liu said and called for for more bilateral trade and investment.

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Right to food or right to re-election? UPA's empty gun

R Jagannathan
Firstpost.com

One of the big theme-songs of the UPA has been to convert every good intention into a fundamental right. Hence, we have the right to information (RTI), the right to food (the Food Security Bill), the right to identity (Aadhaar UID), the right to work (NREGA), the right to education (RTE) and, now, even the right to housing (National Right to Homestead Bill.

In mid-March, the Union cabinet cleared the right to food law even over the objections of Agriculture Minister Sharad Pawar and the finance minister . It is effectively sending the message that rights need have no connection to reality or the responsibility to deliver. Put another way, the Congress party's rights-and-entitlement based legislation are probably more linked to its right to be -re-elected, not the rights contained in the laws.

The reason why none of the rights-based laws are working, or will work, as intended is simple: a right cannot be delivered on the basis of laws alone for it addresses only one side of the equation the demand for a public service or good; it has to be enabled through governance and reforms on the supply side, which includes the ability of the state to fund it.

Even more so, no right can be delivered if it is not continuously monitored for compliance and consistently improved. Or else, it can be abused and become a wrong.

Take the case of the anti-rape ordinance. Women activists are insisting on this provision or that (based on the Verma Committee report), but let us be clear that not even half the intent will be delivered. What we will have is a tough law without any supporting infrastructure. The law will become yet another instrument to harass people, both women and men, and will deliver very little justice. The government is happy to legislate all kinds of things and fool people into believing that it has done its duty.

You can't deliver better safety for women in public places without police reform. You can't prevent marital rape or child abuse by relatives without rethinking social education, gender sensitisation, providing support for better parenting and schooling, and focusing on the right development inputs for bringing up boys, not to speak of creating an infrastructure for counselling and support for both genders, victims and victimisers.

The bald point is this: more than law, more than rights, what we need is to focus on implementation, on nurturing individual and collective responsibility as the other side of the rights equation.

A quick look at how the wave of legislated rights has worked (or rather not worked) tells us why these initiatives are sinking in the sands.

RTI: The Right to Information Act, one of the UPA's much-celebrated early legislations, is now meandering into meaninglessness. Even as the demand for RTI-based information soars, the bureaucracy has managed to erect a wall by allowing almost every query to go into appeal, and by delays that can't be remedied.

The reason why the RTI gets too many queries is simple: the bureaucracy treats even basic information that every citizen is entitled to as state secrets. RTI will work the minute all public data especially data relating to a citizen's personal information needs like status of applications for birth and death certificates, ration cards, etc are available to all through websites. Once this supply side problem is licked, the RTI will not be abused for personal information.

The courts have also latched on to the RTI as an avenue of employment for retired judges. The Supreme Court has said that all information commissioners must work in benches of two , with one being a former high court or Supreme Court judge. There is a problem in finding enough judges of calibre for the huge needs of central and state information commissions. Now, of course, the RTI will run into a wall: not enough judges, another supply side problem.

Right to Work (NREGA): What has NREGA, which gives every rural household the right to 100 days of paid employment at a certain inflation-indexed minimum wage, achieved?

First, it has pushed up wages in general, forcing farmers to mechanise more, thus reducing the available pool of rural jobs. It has also priced women out of regular work on farms and driven them to NREGA. And worse, NREGA is largely work that is useless. Very little assets have been created under it.

What one should also consider is whether NREGA has contributed (among other factors) to destroying the economy's real job creating potential substantially. The last decade has seen jobless growth . Between 2004-05 and 2009-10, the economy created all of 2 million jobs despite high growth. In the previous five-year period, when there was no NREGA, the economy created 92 million jobs despite slower growth. Why?

The real problem with NREGA is that it creates useless work. Rural Development Minister Jairam Ramesh was himself quoted as questioning the utility of NREGA work. The Indian Express quoted him from an interview to Yuvadesh, an e-magazine of the Youth Congress, thus: "Kitna mazdoori aap karoge? Kitna gaddha khodoge? Kitne talaab ka punarnirman karoge? Kitna vriksharopan karoge? To ek seema bhi hoti hai na (How much work will you do? How many ditches will you dig? How many ponds will you rebuild? How much forestation will you do? There has to be a limit). We will have to see in one-two years whether 100 days (of work) will continue."

KS Gopal, a former member of the Central Employment Guarantee Council, was quoted by Business Standard as saying that NREGA's problem is not a "demand problem but a supply problem. It is not that the NREGA worker's demands for work are not being registered. It is that work is not being provided. Merely issuing fiats from Delhi won't help."

One would have thought that this is elementary: before you guarantee work, you have to build your pipeline of worthwhile jobs. Right to Work has to follow the creation of the conditions for work, not the other way around. If this does not exist, why not call NREGA an unemployment allowance and be done with it?

Right to Education: The Supreme Court has upheld the Right to Education Act (RTE) inasmuch as it applies to private schools, but the RTE is, once again, an effort to create demand for education without enhancing supply of the right quantity and quality.

The RTE tries to force private schools to take on 25 percent more students from the poorer and disadvantaged sections. Good thought, but private schools account for only 7-10 percent of the total, and the real problem is the 90 percent of the population that wants schools and will still need to go to poor-quality government schools. The RTE tries to shift the burden of the state to the private sector without fixing the 90 percent that needs to be fixed.

Abhijit Banerjee, an MIT professor who has worked on real-life issues faced by governments in addressing poverty, has nothing but abuse for the scheme. At a recent seminar in Kolkata, he said the programme lacked sense, reports Business Standard . "It is simply for the teachers, by the teachers, and of the teachers. It ensures the livelihood of school teachers." The real issue was the right to learn, and that needs a different approach from the RTE.

He said: "Before 2009, the education level was flat. But there has been a perceptible decline after the RTE came into force. In RTE, there is a lot of emphasis on the teacher-student ratio, the teacher's salary and physical infrastructure. Studies have shown no correlation between these factors and improvement in learning. On the other hand, it may force many schools to shut, as they cannot afford high salaries or huge infrastructure."

Once again, rights created out of thin air are not the answer to any social issue. Banerjee is saying the RTE will end up closing schools instead of expanding their capability. Once again, a supply problem.

We can same the same about the next few rights that are coming up.

The Right to Food will ruin the market for grain and distort food economics as it involves buying grain at Rs 12-15 a kg and selling it at Rs 1-3 a kg. The bulk of the subsidies will go to keep rice, wheat and coarse grains farmers in business when demand is moving away to proteins milk, vegetables, fruits, eggs, etc.

Supplies of protein foods, the main drivers of food inflation in the recent past, are not rising commensurately. The right to food will thus be addressing a hunger problem that is either not there or may exist only in pockets of India.

As Firstpost noted in an earlier report , "The National Sample Survey (NSS, 66th Round) on Perceived Adequacy of Food Consumption in Indian Households shows that the proportion of rural households saying they are getting two square meals a day throughout the year has increased from 94.5 percent to 98.9 percent between 1993-94 and 2009-10. The proportion of urban households saying the same increased from 98.1 percent to 99.6 percent."

If acute hunger is reducing, why have a national food security law?

The Right to Housing, being dreamt up by Jairam Ramesh even when NREGA remains messed up, will guarantee 10 cents of land (one-hundredth of an acre) to the rural homeless. Where is he going to rustle up the needed land, and who will pay for it?

All the rights being legislated by the UPA under Congress tutelage point to one truth: there is a big market for bad ideas. Or is it that these Rights are intended as a cover to ensure that one family has the Right to Rule forever?

The writer is editor-in-chief, digital and publishing, Network18 Group

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