New Delhi, Oct 13 (ANI): Gone are the days of matchmakers and astrologers. They have been replaced by online matrimonial search agencies. The 78.17 million USD online marriage search industry is growing at a 30% clip and threatens to upend more than just one type of traditional business in coming years. A tool for searching prospective customers, online matrimonial sites offer the comfort and choice of millions of prospects along with information about the same. Further, to maintain a personal relationship and gain consumers’ confidence, the companies are looking at local marketing and media spends.
KGF: Chapter 1TwitterThe MESCOM (Mangalore Electricity Supply Company Limited) office in Bhadravati taluk in Shivamogga district in Karnataka has a received a threat letter allegedly from a fan of Yash. He has threatened them not to cut the power during the TV premiere of KGF.Yash’s blockbuster movie KGF is ready for its first premiere on Colors TV on Saturday, 30 March, at 7 pm. In the letter dated 21/3/2019, the sender has warned the officials not to cut the power on the evening of the film’s screening under political pressure.Allegedly, the electricity department had cut the power in and around Mandya recently when Darshan and Yash campaigned for Sumalatha. She is taking on Nikhil Gowda, son of Chief Minister HD Kumaraswamy in Mandya Lok Sabha constituency. Her supporters had alleged that the officials from the electricity department in Mandya were forced to take such measure to reduce the reach of her campaign by the stars. Also, it was alleged that cable network was also disconnected at the same time. Fearing such act might be repeated during KGF premiere, the fan has sent the letter. “We will set your office on fire,” the sender allegedly warned the MESCOM officials.The executive engineer from Bhadravati has confirmed to the International Business Times that they received the anonymous letter.KGF, cutting across language barriers, was simultaneously released in Tamil, Telugu, Hindi and Malayalam. Notably, it became the first Kannada film to see the light of the day in Pakistan.The movie, which was made with the budget of Rs 40 crore, grossed over Rs 200+ crore at the worldwide box office. In Karnataka alone, the movie has earned over Rs 100 crore. The movie is completing its 100-day run in theatres across the state.Meanwhile, the movie had a formal pooja for the second instalment of Yash’s KGF. The script for the sequel has been locked in and the shooting commences in April.Bollywood actors Sanjay Dutt and Raveena Tandon are the new additions to the cast.
Robert Pattinson and Kristen Stewart in Twilight movie saga.ReutersKristen Stewart and Robert Pattinson became household names after they starred together in Twilight saga. Following the success of this romantic fantasy movie, fans have always wondered about the possibility of a reboot movie.Kristen Stewart revealed that she is all game when it comes to rebooting Twilight movie saga. During her earlier interview with Entertainment Tonight, when she was asked to present her thoughts on going back to the same character, Bella Swan, after almost a decade, the American Ultra movie actress joked that she is up for it. She even joked that people should “start sending scripts,” her way. This made many to believe that Kristen and Robert will get back together for another Twilight movie.Even Robert Pattinson had the same sense of humor when it comes to Twilight reboot. Robert and Kristen dated for a while on the sets of Twilight movie saga. When he heard about the possible rebooting of the saga, he sarcastically said that he is up for a Twilight movie spin-off.Meanwhile, during the 10th Anniversary of Twilight saga, Twilight movie director Catherine Hardwicke talked about rebooting Twilight and she considered it would really be fun.”We see more interesting characters and more diverse characters on TV. I think it would be great to see a new version. I can’t wait,” she said in the past. TwilightFacebookIt’s been more than a decade and fans are still wondering if or when they get to see Kristen Stewart and Robert Pattinson back into the Twilight world. Though there were several speculations in the past about a possible reboot of Twilight movie, as of now, there is no concrete update.Kristen Stewart and Robert Pattinson both have moved on to explore other acting opportunities after the Twilight movie saga ended. The 28-year-old Kristen directed a short film, Come Swim in 2017 and even starred in acclaimed movies like Camp X-Ray, Clouds of Sils Maria, Café Society, and most recently in Lizzie. In 2019, she is all set to star in movies like Underwater, Against All Enemies and Charlie’s Angels.The 32-year-old Robert Pattinson, on the other hand, amazed everyone by his performance in Damsel and The Lost City of Z. In 2019, he will star in movies like The King, Waiting for the Barbarians, and others.Both Robert Pattinson and Kristen Stewart are busy in their respective lives and the possibility of them starring in another Twilight reboot movie is slim to none.
[Representational image]Creative CommonsTwo men were arrested in Bengaluru for attacking a rival gang member with swords. The incident took place outside Yelachenahalli metro station junction on Wednesday, March 3.The accused, Harshith and Sharan, had spotted Mithun, their rival gangster while riding their bike at the metro station junction. They immediately got out from the bike, took out their choppers, advanced towards their target and began chasing him. While running, Mithun fell on the pavement and Harshith immediately descended upon him. The assailant then threatened Mithun of dire consequences and told him that he will meet the same fate as his brother, who was murdered earlier by Harshith.Srikanth, an onlooker began filming the proceedings with his phone which angered the two 20-year-old. They attacked Srikanth and he sustained injuries while trying to escape. This was in turn filmed by other onlookers which angered the duo more.”The duo turned violent as bystanders began to take photos. They started smashing cars on the road,” a police officer was quoted as saying by The Hindu.A probationary officer who was in the vicinity rushed to the scene of the crime. However, before he reached, Harshith and Sharan got onto their bike and sped away. On the way, they managed to break the windshield of a few vehicles, including a goods carrier.A passerby noticed and filmed the actions of the duo and complained to the police. The Hoysala police was immediately dispatched. After an extensive search, the police found Harshith and Sharan on Thursday, hiding out in a farmhouse on the outskirts of the city and arrested them. Deccan Herald reported that after their arrest, the duo spent three hours in jail before they were produced in front of a magistrate court and remanded to judicial custody.This is not the first encounter with the police for the duo. Harshith was jailed for murdering Mithun’s brother, Puneeth in 2017, reports DH. After he got out on bail, Harshith was working as a painter. Sharan also went under the radar of the law enforcement when he was picked up for mobile snatching.
In his second public appearance since being named Twitters permanent chief executive earlier this month, Jack Dorsey on Wednesday apologised to the developers who work with the social media company to create apps. His admission came as he begins a turnaround effort at Twitter, which has struggled with user growth and attracting advertising dollars, while taking public his mobile payments company, Square, by the end of this year.Somewhere along the line our relationship with the developers got a little complicated, Dorsey said at the companys annual developer conference in San Francisco. We are going to reset our relations and we want to make sure that we are learning, that we are listening and that we are rebooting.One key to the effort at Twitter is to work more closely with developers who use software tools from the company to create their own apps, and Dorseys apology appeared to be an attempt to set a new tone with them. As part of that effort, Chris Moody, the companys vice president of data strategy, announced two new software tools that should provide deeper insights into how the audience on Twitter is responding to an event and how engaged users are.At the event, the company also described some of the tools developers have access to in order to see who is using their apps, which Twitter said can help programmers improve their products. The company also unveiled more ways for advertisers to use data from the company and more tools to let publishers embed tweets in apps and websites.So, you can help them understand things like impressions, which have never been programatically available, no more guessing about impressions. You can also get all kinds of fascinating engagement data around their content. So, things certainly you would expect like favourites and re-tweets but all kinds of interesting click and view and open data thats never been available before, said Moody.The next product is our Audience API. So the Audience API is about providing aggregated insight about custom audiences. So, again, this is something weve never done before. Were actually going and were servicing internally demographic, encyclographic data analysis that weve never serviced before. So now youll be able to bring your custom audience and look at twitter and get information on things like gender and demographics and location and interests that youve been asking for and now were actually going to be able to deliver, he added. Close
India’s annual rate of inflation, based on wholesale prices, inched up to (-)3.81 percent for October from (-)4.54 percent for the month before, mainly on account of a whopping 86 percent spike in the prices of onions and 53 percent in pulses over the past year.The annual inflation rate, based on the official wholesale price index (WPI), was ruling at 1.66 percent in October, last year.The firmness in the annual rate of inflation was attributed to rise in prices of onions, pulses, wheat, vegetable and edible oils which have continued to hit household budgets.The recent 50 basis points easing of key lending rates by Reserve Bank of India (RBI) was blamed for the 10-basis point rise in inflation. So was, the deficiency in rainfall during the monsoon months.However, October was the twelfth consecutive month since the WPI entered into the negative terrain.The softening of potato, minerals, high speed diesel, petrol, sugar and iron prices kept the WPI in negative terrain for the month under review.Furthermore, the data furnished by the Ministry of Commerce and Industry, reported a revised rate of the headline inflation for August. The WPI inflation was revised lower to (-)5.06 percent from (-) 4.95 percent which was reported on September 14, this year.For the last six months, the revised WPI data has been (-)0.95 percent in January, (-)2.06 percent in February to (-)2.33 percent in March to (-)2.43 percent in April, (-)2.20 percent in May, (-)2.13 percent in June, (-)4.00 percent in July and (-) 5.06 percent in August.The October data revealed that among the three major sub-indices of the WPI, the inflation rate for primary articles and manufactured products declined by 0.36 percent and 1.67 percent, respectively.The index for fuels and power plunged by 16.32 percent.Nonetheless, food inflation was higher by 2.44 percent from 0.69 percent recorded in September and 2.74 percent in the corresponding month of last year.During the month under review, some commodities of mass consumption continued to upset household budgets and notable among them was onion, whose price was higher by as much as 86 percent over the like month of the previous year. Pulses were dearer by 53 percent.In the past month alone, prices for urad dal rose 17 percent, arhar 12 percent, gram 7 percent and moong 6 percent.Other food items such as wheat and vegetables recorded modest price increases on a year-on-year (YoY) basis. Wheat was costly by 4.68 percent, while vegetable prices rose by 2.56 percent.The WPI data comes on the back of retail inflation for September, based on the consumer price index (CPI) which increased to 5.00 percent — from 4.41 percent recorded for the previous month.Even under the manufactured products category, prices of commodities pertaining to food fell — especially sugar that was lower by 14.54 percent, followed by food products which were down to 0.23 percent on YoY basis.Notwithstanding the downward price trend, edible oil prices grew by 4.53 percent YoY.Under fuels — the index for which was down 16.32 percent — petrol was cheaper by 13.16 percent and diesel by 26.21 percent. Cost of cooking gas fell by 5.83 percent.India Inc welcomed the WPI trend stating that inflationary pressures are likely to remain muted due to subdued international commodity prices.”WPI inflation has continued to remain negative for a full year, indicating downward pressure on the price of a range of commodities,” said Chandrajit Banerjee, director general, Confederation of Indian Industry (CII).Nevertheless, the industry raised some concerns over the deflationary pressure the negative WPI will have on the finished goods category.In addition, the October data showed that the price of both primary and manufactured products remained unchanged from the previous month, while the index for fuel prices increased.”This may have a lagged impact on finished good prices by raising transportation costs,” Banerjee added.Other major industry body, the Federation of Indian Chambers of Commerce and Industry (Ficci) cited that a persistent negative WPI reflected a weak demand scenario in the economy.”At this point in time, all steps should be taken for improving the demand situation in the economy and bringing pricing power back in the hands of manufacturers. As overall demand improves, investments will also get a boost,” said A. Didar Singh, secretary general, Ficci.Singh pointed out that the latest inflation numbers report pressure building up in the food segment with prices of commodities like pulses and oil seeds edging up.The Associated Chambers of Commerce and Industry of India (Assocham) raised concerns over the possibility of deflationary conditions setting in the economy.”Though the continuous downtrend in WPI seen over the past few months is a positive signal towards stabilization of prices, but the policy makers need to check for the deflationary trends from setting in the economy,” said D.S. Rawat, secretary general of Assocham.The industry body indicated that a 10 basis point increase in inflation could be a resultant of the recently announced rate cut by the RBI.Assocham added that further excise tax hike on petrol, diesel and cess imposition on services put together are likely to put an upward pressure on the November WPI.
Foxconn Technology, the world’s largest contract manufacturer of electronic items, will reportedly start making 4G smartphones for the impending launch of Reliance Jio at its facility in Navi Mumbai from March.The Taiwanese tech giant has acquired 200,000 sq ft on a sub-lease in Navi Mumbai’s information technology & IT-enabled services zone for the facility, which will also be used to manufacture handsets for its existing client Chinese Xiaomi, an official of the state government’s industries department told Business Standard.Recently, Reliance Jio launched its 4G services, initially, for the employees of Mukesh Ambani-led Reliance Industries. The commercial launch of its services is expected in the next fiscal year.The facility will mark Foxconn’s first investment in Maharashtra after it had announced in August that it would invest $5 billion (roughly Rs 32,000 crore) in the state in the next five years. The state government had also agreed to allot 1,500 acre land for Foxconn.However, Foxconn is yet to send a formal application for the allotment of 1,500 acres to set up research and development (R&D) and manufacturing facilities, the official said. The company was looking to have plants at Khopoli in Raigad district and Chakan-Talegaon in Pune district.”Senior executives are expected to soon meet with officials of Maharashtra Industrial Development Corporation. MIDC will notify the necessary land after it receives Foxconn’s proposal,” the official added.In October last year, the Maharashtra government led by chief minister Devendra Fadnavis had rolled out a range of incentives for Foxconn to set up manufacturing units in the state.The state government had said that it would assist Foxconn in getting loans at preferred rates of interest, including a payment moratorium period of 10 years. Besides, the government will offer a subsidy on its total fixed capital investment, without a bar on the amount. Foxconn will also be eligible for 20% subsidy from the state government in addition to central government subsidies.Foxconn, which is already making smartphones for Xiaomi at a leased facility in Sri City, Andhra Pradesh, was reported to be in advanced talks with the Gujarat state government last month to set up a manufacturing plant near Sanand, in which it is likely to invest $4 billion (around Rs 25,000 crore).
JSW Steel on Friday posted a net loss of Rs 923 crore for the December quarter. The company recorded a turnover of Rs 9,562 crore and net sales of Rs 8,621 crore, according to a regulatory filing with the Bombay Stock Exchange. “In the third quarter we had to review the overseas investments made between 2007-2010 since prices of crude oil, coal and iron ore have significantly fallen from the time of investment and as per the appointed external agency, an impairment charge had to be taken in the December quarter. The company has taken an impairment hit of Rs 2,122 crore in the December quarter,” The Financial Express quoted Seshagiri Rao, joint Managing Director and Group Chief Financial Officer, JSW steel as saying. The Sajjan Jindal’s owned company reported the lowest EBITDA per tonne since 2008 at Rs 3,443 per tonne in the third quarter of the FY16.”The reported EBITDA per tonne was lower than what it should have been mainly because of a planned shutdown of 3 blast furnaces which had some fixed costs that had to be taken in the profit-and-loss statement, else the EBITDA per tonne without fixed costs despite shutdown which would have been about Rs 4,700 per tonne” Rao added.The company’s steel production was reportedly down by 15% at 2.70 million tonnes, while the saleable steel output was down by 16% at 2.55 million tonnes.In the same period last year, the company posted a profit of Rs 328.94 crore mainly due to the impairment charge the company took on its four strategic investments it made overseas.
Close A polling agent was arrested from the city of Faridabad in Haryana after a video of him allegedly trying to influence voters during the sixth phase of the Lok Sabha elections went viral on social media.In the video, a man in a blue t-shirt can be seen walking towards the voting area, where a woman is preparing to cast her vote. The man then presses the button or points towards a specific party symbol before the woman could exercise her vote. He repeats the same with two other women.The incident took place at a polling booth in Prithla assembly constituency of Asawati village as Faridabad went on polls on Sunday, May 12. The Election Commissioner of India, Ashok Lavasa has confirmed that the polling agent was arrested on Sunday afternoon and an FIR has been filed against him. Polling agent arrested in Haryana’s Faridabad for influencing voterstwitterThe District Election Office (DEO) of Faridabad tweeted from their official handle saying, “The person in the video is the polling agent who has been arrested in the afternoon itself. FIR lodged. He was trying to effect at least 3 lady voters. Observer & ARO with teams visited the booth at Asawati in Prithala constituency. He is satisfied that voting was never vitiated.”The district DEO said that the matter was taken very seriously by the district administration. The Assistant Returning Officer (ARO) Bharat Bhushan Gogia HCS rushed to the spot and he was soon joined by the observer SH Sanjay Kumar who investigated the entire matter.Even after the Election Commission admitted that the man was trying to influence voters, it said that the polling process was not violated in the booth. However, this has raised many questions to the election body’s claim that the voting process was not vitiated.ECI Ashok Lavasa responded to this citing that the agent influenced only three voters, “The scrutiny of this polling station will be comprehensive,” he said. He also said that a report on the issue will be examined by the Election Commission to take further actions against the violator.However, the arrested polling agent’s political party has not yet been made known by the authorities. Watch | Polling agent from Faridabad arrested for influencing voters IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:02/1:12Loaded: 0%0:03Progress: 0%Stream TypeLIVE-1:10?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …
ICICI Bank’s life insurance business is expected to file its prospectus for public listing on Friday. The initial public offering (IPO) of ICICI Prudential Life is valued to be at $746 million (Rs. 5,000 crore), sources privy to the listing process told Reuters.ICICI Prudential is a joint venture between India’s ICICI Bank Ltd. and the U.K.’s Prudential Plc. With 68 percent and 26 percent stake in the JV, respectively, India’s ICICI will divest its shares, while it is unclear if Prudential Plc. would sell its stake. India’s billionaire Azim Premji’s investment venture Premji Invest and Singapore government-run investor Temasek hold the rest of the stake in the life insurer.ICICI Bank will not, however, issue any new stock, said one of the three people who disclosed the news to Reuters.The much awaited IPO is Indian insurance sector’s first public listing. The country’s life insurance industry as of December 2015 is estimated to be Rs. 24.82 lakh crore.Moneycontrol noted that the IPO will be managed by BofA-ML and ICICI Securities, while the bankers to the issue were UBS, Deutsche Bank and CLSA.ICICI Prudential’s IPO alongside Vodafone’s $2.5 billion listing are two big ticket offers scheduled for the latter part of 2016.
State Bank of India shares jumped 7.5 percent to Rs. 244.00 apiece at 2:15 p.m. on the Bombay Stock Exchange, even as the bank posted a 31.7 percent decline year-on-year (YoY) in net profits for the quarter ended June 2016 due to higher provisioning for bad loans. SBI’s standalone net profit stood at Rs. 2,520.96 crore, as against Rs. 3692.43 crore in the corresponding quarter last year. Slippages, however, came down to Rs. 8,790 crore for June quarter compared to Rs. 30,313 crore for the January-March quarter.”SBI’s 1QFY17 asset quality has surprised on the positive side. Lower than expected slippages have helped in reporting better than expected bottom-line. Slippages of INR 8790 cr during the quarters was lower than our and street’s expectations and this indicates a large part of the troubled loans has been accounted as NPAs,” Siddharth Purohit, senior equity research analyst at Angel Broking, said.Provisioning for bad loans rose to Rs. 7,413.10 crore in April-June compared to Rs. 3,999.73 during the year-ago period. India’s largest bank topped the list of loans written off by public sector banks in 2015-16.Mumbai-based SBI’s net interest income (NII) rose by 4.2 percent YoY to Rs. 14,312.31 crore in the 2016 first quarter from Rs. 13,732.03 crore in the year-ago period. SBI recorded Rs. 48,928.90 crore in total income, up 9.3 percent from Rs. 44,730 crore in the same quarter last year.Consolidated net profit fell sharply by 82 percent to Rs. 867.32 crore compared to the June 2015 quarter.Gross non-performing assets (NPA) rose year-on-year from 4.29 percent to 6.94 percent while the net NPAs doubled to 4.05 percent from 2.24 percent for the quarter ended June 30, 2016. Gross NPAs of public sector banks came at Rs. 4,76,816 crore as of March 2016, up 78.5 percent from the previous financial year.Government of India holds 60.18 percent stake in the bank.
Amid raging boardroom battle between ousted chairman Cyrus Mistry and Tata Group companies, the country’s two largest bourses — National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) — have written to some listed firms of Tata Group for a secretarial audit by their audit committees.The exchanges would like to see whether these companies have adequate compliance with various norms or not, according to Mint. “The audit committees will check disclosures made by these firms to see whether they are adequate (or not),” the report said, quoting unnamed sources.Secretarial audit, which was introduced in Companies Act 2013, is a process to check compliance of the company with various laws. It gives comfort to regulators, stakeholders and management regarding effectiveness of risk management, control and governance processes.Reports had earlier suggested that Securities and Exchange Board of India (Sebi) had asked exchanges to tell listed Tata Group firms to conduct an audit after allegations regarding violations of corporate governance standards were raised by Cyrus P. Mistry, the ousted chairman of Tata Group. Meanwhile, the market regulator is itself examining whether the Tata companies have violated any provisions of the Sebi Act relating to listing and insider trading rules, the report said.NSE has already written to Indian Hotels, Tata Motors, Tata Steel, Tata Power and Tata Teleservices (Maharashtra) Ltd. seeking clarifications after Mistry’s letter to Tata Sons board was made public.Tata Sons board ousted Mistry as Tata Group chairman on October 24 and appointed Ratan Tata as its interim chairman. Since then, ugly fights have ensued between the former chairman and group companies over issues of control in various firms.
India’s second-largest IT services exporter Infosys is likely to follow its counterparts TCS and Wipro in announcing a share buyback plan. The company informed in a regulatory filing on Thursday that it will seek shareholder approval to get a fresh Articles of Association. As of December 31, 2016, Infosys had 2,296,944,664 shares (229.69 crore shares, or 2.29 billion shares) and the closing price on Friday (February 23) was Rs 1,009.05.Read: TCS approves buyback of shares at Rs 2,850 per share; pressure now on InfosysVoting for the enabling resolution can also be done via e-voting or postal ballot till March 31, 2017. The outcome will be known latest by April 5, 2017. Infosys had cash and cash equivalents of about Rs 26,113 crore ($3,844 million) as of December 31, 2016.Here is a look at Infosys starting from its initial public offering (IPO) more than two decades ago (10 shares acquired in 1993 at IPO price of Rs 95 per share would now be worth Rs 51,66,080)February 1993IPO at Rs 95 per share of face value Rs 10 eachJune 1993Shares got listed at Rs 145 per shareOctober 1993Private placement of 5.50 lakh shares to institutional investors and FIIs at Rs 450 per shareJune 1994Bonus issue in the ratio of 1:1June 1997Bonus issue in the ratio of 1:1January 1999Bonus issue in the ratio of 1:1March 199920.70 lakh American Depository Shares (ADSs) issued at $34 per ADS; each ADS was equivalent to 2 equity sharesNovember 1999Stock split announced; face value reduced to Rs 5 per equity shareApril 2004Bonus issue in the ratio of 3:1April 2006Bonus issue in the ratio of 1:1October 2014Bonus issue in the ratio of 1:1April 2015Bonus issue in the ration of 1:1(Source: Infosys website, annual reports, statements, regulatory filings)Wipro bought back 4 crore (40 million) at Rs 625 per share for a total value of Rs 2,500 crore last year and TCS announced its share buyback programme of up to 5.61 crore shares at Rs 2,850 per share.
Kasautii Zindagii Kay 2 stars Erica Fernandes and Parth Samthaan in SwitzerlandinstagramThe cast and crew of Kasautii Zindagii Kay 2 is currently in Switzerland for a 15 day shoot schedule. Producer Ekta Kapoor is also with the team and going by the pictures shared on social media, one can say that the team is having a blast in the beautiful European country.Ekta recently took to Instagram to share a fun group photo featuring Parth Samthaan, Erica Fernandes, Pooja Banerjee, Karan Singh Grover, screenwriter and author Mushtaq Shiekh besides her. Sharing it, she wrote “#kasautiizindagiikay”. Reacting to the image, Bipasha Basu wrote, “You are looking so lovely”.Erica, who plays the female lead Prerna and is currently the most sought after actresses of small screen, has been sharing pictures from Switzerland with her millions of fans on regular basis. In one of the pictures, Erica draped in a green saree looked gorgeous while Parth looks handsome in a pink t-shirt paired with white pants. The images look breathtaking.Karan is making the most of his spare time admiring the nature. Sharing a shirtless picture of his, the Mr Bajaj of Kasautii Zindagii Kay 2 wrote: “Solar charging. #grateful #lightworker #sonofthesun.” In another one, he is lying on the grass close to Zurich lake. He captioned the picture as, “What I do between shots, work on my tan! #zurichlake #heavenonearth #grateful.”Parth too has been sharing several scenic beauties of the country on his Instagram page. In one of the pictures, Parth can seen posing near the window with a burst of bright red flowers. Sharing it, he wrote: “Tuesday Mornings be like #zurichdiaries #rhienwaterfall.”Take a look at some of the beautiful pictures from the European country shared by the actors.
Employees cross an overpass at the Indian headquarters of iGateReutersIn the last few days, Indian IT giants have been in the limelight, thanks to reports of massive job cuts that have hit the sector. While some of these firms have said that the reports of such huge layoffs are unfounded and that some employees were let go on the basis of performance, the move looks like it has more to do with the slow growth in the IT sector. Automation could be another reason.The firms have been battling issues such as tougher visa norms, a sluggish global economy and the rising popularity of digital services. For instance, Cognizant was said to be sacking its employees in India to ramp up its hiring process in the United States, its home country.This step was seen as a way to appease the Donald Trump administration, which has expressed displeasure over US firms outsourcing jobs to other countries, as well as addressing the charges against it taking up a major share of the H-1B visas offered.While Cognizant president Rajiv Mehta told the Economic Times that the company had no layoff plans, he did say that CTS planned to ramp up hiring in the US. Additionally, he attributed the shift to “clients’ need for co-innovation and co-location.” Cognizant is fairly aggressive in its acquisition strategy as it plans to strengthen various domains.WikiMedia CommonsNot just CTS, other IT giants like Infosys, Capgemini, Wipro and Tech Mahindra have all released statements saying that the reports of layoffs are unfounded, citing how each year employees are evaluated and non-performers are let go.Though the companies may not be laying off employees in such big numbers, they seem to be adopting other cost optimisation measures to deal with the sluggish economy. While Infosys has deferred its yearly salary hike until July – the wait for senior employees could be longer – Tech Mahindra has suspended the appraisal of the senior employees.”They have delayed the salary hike. They are also raising the cost of parking in the campus and facilities fees. So even if you get a hike, you will end up giving most of it back to the company,” an Infosys employee told the daily.Meanwhile, Cognizant may also let go of its senior employees through a voluntary retirement scheme. The firm has reportedly given its senior employees an option to accept a six or nine months’ severance package, whichever is applicable.”We are offering a voluntary separation incentive to some eligible leaders, representing a very small percentage of our total workforce. It is related to our overall company strategy to accelerate our shift to digital and to deliver high-quality, sustainable growth,” a Cognizant spokesperson told ET. Hiring and headcount details based on company filings.Quarterly results and statements.Apart from laying off its employees, IT giants are also hiring lesser number of employees each year and automation could be one of the reasons. Most of the companies now rely on digital services.”With automation, the number of people we are hiring in the past will not be the same. It will slow down a little bit. We are also looking at hiring very differential kind of people,” Indian Express quoted Krishnamurthy Shankar, executive vice-president, group head, human resource development, Infosys, as saying.Pankaj Bansal, co-founder and chief executive officer of PeopleStrong, noted that the job cuts due to automation may not show a drastic impact right away, but it will be visible by around 2020. “The change has started, with companies introducing bots for customer service, managing warehouses, etc.,” he told LiveMint.
Representational imageReutersHealthcare major Aster DM Healthcare Limited is going public. The company will be opening its initial public offering (IPO) on February 12 and close on February 18.The offer comprises both fresh issue and the offer for sale.The IPO is fixed at a price band of Rs180–190 per equity share. Aster DM Healthcare Ltd is expected to garner Rs 980 crore through the issue. The face value will be Rs 10 per equity share. IPOs in 2018: These firms are gearing up with public offerings this yearThe proceeds from IPO will be used for the repayment or pre-payment of debt, purchase of medical equipment, and for other general corporate purposes.Kotak Mahindra Capital Company, Axis Capital and Goldman Sachs (India) Securities, ICICI Securities, JM Financial and Yes Securities will be the book running lead managers of the IPO.The shares are proposed to be listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India.Aster DM Healthcare network is well-known in India and the GCC states comprising the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain. Besides this, it operates in Jordan and the Philippines.Incorporated in 1987, the Aster DM Healthcare is headquartered in Dubai. Company’s Indian headquarters is in Kochi, Kerala.Promoted by Dr Azad Moopen and UIPL (Union Investments Private Limited), the Aster DM Healthcare runs hospitals in Kerala, Bengaluru, Vijayawada, Guntur, and Hyderabad.
A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai April 29, 2013.Reuters fileFMCG major Hindustan Unilever Ltd (HUL) Friday reported a 19.51 per cent increase in net profit to Rs 1,525 crore for the September 2018 quarter on account of double digit growth across categories.The company had posted a net profit of Rs 1,276 crore during the same period last fiscal.Sales during the quarter under review stood at Rs 9,138 crore as against Rs 8,199 crore in the year-ago period, up 11.45 per cent, HUL said in a regulatory filing.”Our focus on strengthening the core, leading market development and driving excellence in execution has enabled us to deliver competitive and profitable growth. In the near term, we expect demand to be stable. Our strength of agility and responsiveness gives us the confidence to navigate the headwinds arising from crude inflation and currency depreciation,” HUL Chairman and Managing Director Sanjiv Mehta said.HUL Chief Financial Officer Srinivas Phatak said while the company expects the demand to be stable in the near term, the company will watch out for currency depreciation and crude price increase.Pathak said the company had undertaken a price increase of 2-3 percent across select home care category products — which includes brands such as Domex, Vim and Surf Excel — in the quarter under review.The company will not shy in increasing prices but will not lose its market competitiveness, he added.Revenue from the personal care segment during the quarter under review was at Rs 4,316 crore as against Rs 3,910 crore a year earlier, an increase of 10.38 percent.Revenue from homecare products stood at Rs 3,080 crore, up 12.44 percent, compared to Rs 2,739 crore reported in the corresponding quarter of the previous fiscal.The food and refreshment category — which included Kissan, Brooke Bond Red Label tea, Bru coffee and ice cream and frozen desserts business, accounted for Rs 1,704 crore, up 11.66 percent, during the quarter as against Rs 1,526 crore a year earlier.The company’s board has declared an interim dividend of Rs 9 per share of face value Re 1 each for the financial year ending March 31, 2019.For the half year ended September 30, 2018, HUL’s net profit was up 19.34 percent at Rs 3,054 crore as against Rs 2,559 crore in first half of 2017-18.Its sales was at Rs 18,494 crore in the half year ended September 30, 2018, up 6.94 percent, as against Rs 17,293 crore in the previous fiscal.In a separate filing, the company also announced the appointment of Leo Puri as an Independent Director on its board effective October 12, 2018.”Puri, until recently, was the Managing Director of UTI Asset Management Company. He has also previously served as an Independent Director in companies including Max New York Life Insurance Company, Infosys, Bennett Coleman & Co,” the company said.Shares of HUL settled 2.63 percent higher at Rs 1,568.65 apiece on the BSE.
Founded by Mukesh Bansal who was also the co-founder of fashion retailer Myntra, and Ankit Nagori, the ex-chief business officer at Flipkart, the company attracted the investors in no time. Credit: TwitterFull stack health and fitness company CureFit has raised $75 million in the series D funding, taking the company’s valuation over $500 million. The latest round of funding was led by existing investors Accel Growth and also witnessed participation from other existing investors like Kalaari Capital, Pratithi Investments, Chiratae Ventures, Castle Investments, Satyadharma Investments, The McGovern Family, Makan Family Trust, and Bruno E. Raschel have also participated in the round. Accel growth pumped around $30 million dollars while Kalahari adding $10 million and Chiratae investing $8.38 million.Notably, the valuation of the company has seen significant jump after securing $120 million from Chiratae Ventures, Accel Partners and Kalaari Capital along with participation from Accel Partners US and Oaktree Capital in August 2018. Founded by Mukesh Bansal, who was also the co-founder of fashion retailer Myntra, and Ankit Nagori, the ex-chief business officer at Flipkart, the company attracted the investors in no time. At this pace of investment, CureFit is expected to join the Unicorn club by mid-2020. Both Bansal and Nagori worked at Flipkart when Myntra was bought by the Bengaluru headquartered company in 2014. It operates gym under the brand name under Cult.Fit, healthy food offerings under Eat.Fit, mental wellness through Mind.Fit and diagnostic centers through Care.fit.Ever since its launch in 2016 the company has acquired several smaller firms as per its expansion plan. Apparently, CureFit has launched an incubator programme for startups, which are creating healthy snacks and beverages. The company plans to invest $5 million across 10-12 startups in coming next two years as it is looking for creating co-products as well. It recently launched an incubator programme for startups, which are in the business of creating healthy snacks and beverages. The idea is to invest $5 million across 10-12 startups in the next two years as it looks to co-create products as well.
BNP has failed as a political party: QuaderRuling Awami League general secretary Obaidul Quader on Sunday said the present government led by prime minister Sheikh Hasina itself will act as the supportive government during the next general election.Quader, also road transport and bridges minister, said this addressing a reunion of former students of Basurhat Government High School in Companiganj, Noakhali.“Being a former student of this school, I have been able to come this far. I hope you all will be able to achieve greater success than I,” he told the present and former students of the school.Praising prime minister Sheikh Hasina, Quader said, “In spite of being a lady, our prime minister is now being lauded across the world. We have achieved exceptional success in cricket being patronised by the prime minister.”About Bangladesh Nationalist Party chairperson, Khaleda Zia, the AL general secretary said, “Begum Khaleda Zia went to the bank of river Thames (London) after making announcement of anti-government agitation. The agitation programme of BNP now remains confined in the vanity bag of Khaleda Zia. Let her come back to the country first, then we will see.”Earlier in the morning, Quader visited Companiganj upazila health complex and expressed discontent over the absence of physicians and nurses at the hospital. He also ordered the civil surgeon to show causes over the matter.
Vehicles move with difficulty in the dilapidated Arakan Road in Chittagong city’s Moulvi Pukurpar. Photo: Jewel ShilThough the road construction cost in Bangladesh is the highest in the world, quality roads are hardly made for lack of proper monitoring by the authorities concerned and the accountability of construction firms, said experts.Talking to UNB, construction expert and noted civil engineer professor Jamilur Reza Choudhury, BUET civil engineering department professor Shamsul Haque, ex-UGC chairman and urban expert professor Nazrul Islam, and BUET’s Urban and Regional Planning department professor Sarwar Jahan said good road design, its proper implementation, use of quality materials, load management, strong monitoring and timely implementation of the projects are crucial to ensure quality road construction at reasonable costs.Officials at the Road Transport and Highways Division and Local Government Engineering Department (LGED) said over 2,000km roads are needed to repair every year only because of overloaded vehicles.They said there are 2,85,000 km roads under the LGED while some 21.03km highways and district roads under the Road Transport and Highways Division.In a report on 20 June last, the World Bank presented a list of infrastructure cost, especially in road construction. It shows the cost of per kilometre road construction is $2.5 million to $11.9 million in Bangladesh, which is the highest in the world.Prof Jamilur Reza Choudhury said good designs and their full implementation and proper construction are necessary for making high quality highways, roads and bridges.He said most bridges are being constructed in the country ensuring international standard with strong monitoring. “Jamuna Bridge was constructed nearly 20 years back, and it’s still in good shape. Padma Bridge is also being constructed maintaining the international standard.”Shamsul Haque said the most construction firms having political link and clout rarely ensure quality road construction for lack of proper monitoring by the government authorities concerned. “Government engineers must be present to ensure quality during the construction work on roads, but they remain absent in most cases.”Besides, he said, the roads are not properly maintained after construction. “If any small hole is created on any road it’s not fixed immediately. The authorities concerned wait for repair until the most parts of the road get damaged. We should come out of such practice as it increases the maintenance cost.”Haque said roads will have to be kept free from rainwater stagnation as water is the biggest enemy to bitumen. “Roads and highways must be constructed with good designs so that rainwater can easily and promptly pass through those.”The renowned engineer also said the road foundation should be much stronger for its sustainability. “The road pavement also should be constructed ensuring proper compaction and heat.”The BUET professor thinks the road construction cost will come down if the projects are implemented timely without extending their deadlines.Sarwar Jahan said though the construction cost has marked a sharp rise over the years, the quality declined as roads are not designed properly considering the increased flow of traffic, mainly heavy vehicles, and their load.”The load capacity of roads is not increasing because of the use of substandard construction materials. More importantly, there is little monitoring …all these things lead to the quick destruction of road surfaces,” he observed.”It’s also surprising that the road construction is very high in Bangladesh though labour cost is very cheap here,” Sarwar said.He said lack of accountability of the road construction firms is the major reason behind high road construction cost and poor quality. “Politicians are now involved with many construction firms. So, when they fail to maintain proper design and quality during road construction, no one dare make them accountable.”Prof Nazrul said inefficiency in construction, corruption, and lack of accountability and monitoring are the major reasons behind the exorbitant cost of road construction and poor quality work. “We pay high, but get low quality work for these reasons.”He said the government can form a separate body or committee involving experts from BUET and officials from the Anti-Corruption Commission to monitor road construction work.Road Transport and Highways Division secretary MAN Siddique said they are not getting cooperation of the transport owners in controlling overloaded vehicles.Roads and Highways Department superintendent engineer (road design) Fazlul Karim said they design the highways with 20 years of lifespan allowing the highest 10-tonne load vehicles. “But the vehicles permitted to carry 10 tonnes usually carry up to 20 to 30 tonnes of goods. “The roads get damaged when two-axle vehicles pass on those carrying over 30 tonnes of goods.”Besides, he said, bitumen washes away quickly in the case of water stagnation.He admitted that quality roads are not built in many cases for lack of proper monitoring and insincerity of the contractors.