Friday, April 26

Author: Lavina Tolani

A computer engineer turned blogger, she has always been a writer at heart. It was the perfect combination of utilising her research and analytical skills and her enthusiasm for writing that sparked her interest in writing about the Indian startup ecosystem – the latest tech and gadgets and the startups that create them. She is always on the lookout for industry-specific stories in niche areas of interest such as e-commerce, fintech, green tech and more.
Lemon Tree Hotels Lists 10 percent Premium on Market Debut
9Apr By Lavina TolaniNo Comments
Market

Lemon Tree Hotels Lists 10 percent Premium on Market Debut

Lemon Tree Hotels listed to make its market debut today opened on a decent note with a script listing of Rs.61.60 on the BSE, accounting for 10 percent premium over the issue price of Rs.56. As per data from National Stock Exchange (NSE), initial public offering (IPO) received bids for 15.49 crore shares and was subscribed over 1.19 times from a period extending 26 March 2018 to 28 March 2018. The price spectrum for the stocks was fixed at Rs. 56 per share. This hospitality chain and hotel group are considered to be India's largest chain in the mid-priced sector within hotel market while it is third largest overall. Lemon Tree hotels have already raised 311 crores from anchor investors. The public issue is being raised to achieve the benefits of equity share on stock exchanges. ...
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Saudi Arabia Lifts Oil Prices for Asian Buyers
7Apr By Lavina TolaniNo Comments
MIDDLE EAST

Saudi Arabia Lifts Oil Prices for Asian Buyers

State-owned Saudi Arabian Oil Corporation which is better known as "Saudi Aramco" has plunged the official selling price of its "Arab Light Crude" by 10 percent a barrel making it cost $1.20 a barrel, much above the Middle East benchmark as per reports gathered on Tuesday.The move has been regarded bullishly by future traders. The oil prices in Saudi Arabia are considered to be key markers for producers from the Middle East as it largely impacts what refineries globally pay for crude from the world's largest export region. Other prices alter moves from Saud Arabia were mixed.Thirteen out of 21 were increased, 7 were completely slacked while other's remain unchanged. Saudi Arabia sells 4 different grades of oil to Asia which are Super Light, Extra Light, Medium and Heavy. These wer...
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Star India Grabs BCCI Media Rights for India’s Home Series
6Apr By Lavina TolaniNo Comments
INDIA

Star India Grabs BCCI Media Rights for India’s Home Series

Broadcasting and Media Giant, Star India has successfully managed to grab broadcasting rights for Indian cricket team's bilateral home series as well as domestic cricket in a record-breaking Global Consolidated Rights (GCR) bid of Rs. 6138.1 ( about 955 million USD) for next 5 years up to 2013. The offer at Rs. 60.18 crore per match for coming five years makes Star India remarkably the sole leader in cricket landscape. A very first time in global sports witnessed an e-auction and also had participation from Reliance Jio and Sony Motion Pictures Network India (SPN). Having acquired rights for Indian home cricket league, Star India has accomplished monopoly in the cricket broadcasting landscape after already having IPL rights for Rs. 16,347 crore and ICC broadcasting right for all tour...
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Countries at Risk From US-China Trade War
6Apr By Lavina TolaniNo Comments
USA

Countries at Risk From US-China Trade War

Economists from all over the world are busy speculating the consequences of a full-blown trade war and how it will affect the overall economy.Meanwhile, global tensions have been continuously escalating amidst impending trade war between US and China.   Trump's latest stringent move that imposed additional tariffs on of 25 percent over Chinese imports worth $50 billion has further aggravated the situation.   Economy analysts believe this will do more harm to the American economy than taking over China's theft policy for technology.   China's immediate retaliation has also come forward in the form of a proposal for tariffs to be imposed on more than 100 American products.     While, it is not clear if these 'tit for tat' tariff p...
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5 Small Stocks that Can Give You Big Returns in Future
6Apr By Lavina TolaniNo Comments
ANALYSIS

5 Small Stocks that Can Give You Big Returns in Future

Have you been trying to look into stocks of small companies that could yield good returns but failed to do so? Well, nothing to worry about, as we have got you covered with our list of top 5 small stocks that seem to be bursting with potential for offering better returns in 2018. Though investors are usually apprehensive when it comes to dishing their money into small stocks, they can be profitable in the long run provided that they are chosen with care and self-analysis. Why should an investor be optimistic regarding small stock investment? Market analysts do not pay much heed to small stocks when it comes to investing in the share market. This is why it gets risky to invest in them. But thinking along a different perspective, the advantage of finding a hidden gem can be tremendous w...
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Only 88 Out of 8,756 DIPP Recognized Startups Received Tax Benefits in India
6Apr By Lavina TolaniNo Comments
INDIA

Only 88 Out of 8,756 DIPP Recognized Startups Received Tax Benefits in India

The Government has decided to extend tax benefits of 88 startups out of 8,765 that have been recognized by the Department of Industrial Policy and Promotion as reported by a top official today. Prime Minister, Narendra Modi had introduced a spectrum of incentives on January 2016 to encourage startup growth in the country which included a provision of a tax holiday, exemption from capital gains and an inspector raj free regime as a part of the action plan. Starting January 2016, 88 startups out of 8756 have been identified for claiming the tax exemption, said DIPP Secretary Ramesh Abhisheikh. These startups are from different sectors that include:   IT Services (15 percent) Education (7 percent) Healthcare and Life Sciences (12 percent) Agriculture (4 percent) ...
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Centre May Completely Exit Air India, Sell It’s Residual Stake to LIC
5Apr By Lavina TolaniNo Comments
INDIA

Centre May Completely Exit Air India, Sell It’s Residual Stake to LIC

A Business Standard Report suggests that Government may completely exit Air India by selling its residual stakes to Life Insurance Corporation of India (LIC) and other financial institutions. As per the plans, 76 percent of equity would be sold in the national carrier, 50 percent in ground handling and AISATS hospitality firm, while 100 percent would go in its subsidiary Air India Express. This move will make things clear and do away with investor's concerns over the matter of government's intrusion in Air India operations. A senior official reported that center is keen on beginning discussions with LIC and other insurance companies in selling out its residual stake of Air India after employee stock ownership plans (ESOPs) are given out to permanent employees. Many state-owned ins...
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Avengers Themed One Plus 6 Confirmed To Launch in April
5Apr By Lavina TolaniNo Comments
Tech

Avengers Themed One Plus 6 Confirmed To Launch in April

While last week, One Plus 6 was all in news due to it's major announcements by CEO Pete Lau and co-founder Carl Pei, the latest confirmation regarding the presence of Qualcomm Snapdragon 845 processor in the phone has put an end to all the speculations. Moreover, a new OnePlus 6 teaser featuring the Marvel's Avenger: Infinity War hints in a special edition with movie characters.The official One Plus6 page has come with a YouTube video that shows Avengers Logo together with the OnePlus logo which is clearly indicating a special edition launch on the day of movie's premiere. A recent leak from similar sources has confirmed that the phone will be available at a price of Rs. 34,000 in India.The higher variant comprising 256 GB storage and 8 GB RAM can go up to Rs. 40,000. Lau stated i...
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Man Arrested for Posting a Meme against CM of Ranchi
5Apr By Lavina TolaniNo Comments
INDIA

Man Arrested for Posting a Meme against CM of Ranchi

Sabarpreet Singh, a young entrepreneur and founder of e-commerce website "Made in Ranchi" has been arrested after posting a meme targeted on Chief Minister of Ranchi, Raghubeer Das that has received tremendous criticism both online and offline. He has been convicted on charges of impersonation, forgery, defamation among others for provoking a campaign for freedom on social media platforms such as Facebook and Twitter. "Made in Ranchi" is an entertainment website that covers and creates stories, events and news around Ranchi popular on social media platforms. While, this is not the first time we have seen a meme go viral targeting CM or political leaders, yet it is the first incident that has led to the creator being arrested to set an example for others. The man posted a meme t...
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Facebook Admits Cambridge Analytica Accessed Data of 87 Million Users
5Apr By Lavina TolaniNo Comments
News

Facebook Admits Cambridge Analytica Accessed Data of 87 Million Users

British data firm Cambridge Analytica may have accessed personal information of about 87 million users, according to Facebook Inc.This has come as a first official confirmation regarding possible data leak scope which was earlier predicted to be 50 million. Mike Schroepfer, Chief Technology Officer at Facebook in his blog post published on Wednesday, stated   Given the scale and sophistication of the situation we have observed, we predict most users of Facebook could have had their personal data scrapped in this manner.   The update has come right a week before "Mark" is expected to bespeak before Congress on whether Cambridge Analytica "inappropriately" used data when users downloaded personality apps earlier in 2014. Post the data breach controversy, Facebook has ...
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Spotify Shares Open at $165.9 after unusual debut listing on NYSE
5Apr By Lavina TolaniNo Comments
Market

Spotify Shares Open at $165.9 after unusual debut listing on NYSE

Spotify Technologies shares went high and opened at $165.9 on Monday, which was nearly 26 percent above the reference point of $132 on its first day of trading.With an overall valuation of $165.9 billion on the first day, the estimation went a slightly higher than what analysts had predicted before the listing. During the first two months of 2018, the shares of world's leading music streaming service, Spotify, were traded between $90 and $132.5.While, in 2017, the range was even wider from $37.50 to $125.00. As per sources from Wallstreet Journal, Spotify's opening has turned out to be a record on New York Stock Exchange listing before which "Alibaba had opened at 11.53 am" on Tuesday. Spotify's unconventional move to direct listing has created a lot of talks in the share market s...
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I-T Dept Issues Notice to Deepak Kochhar over Videocon Loan Case
4Apr By Lavina TolaniNo Comments
INDIA

I-T Dept Issues Notice to Deepak Kochhar over Videocon Loan Case

The ICICI-Videocon Loan Row case has already blazed too much attention and adding to it, now the Income Tax Department has issued a notice to Deepak Kochhar, husband of Chanda Kochhar, CEO, and MD at ICICI Bank. Issued under I-T Act, section-131, Deepak has been asked to submit all details relating to his personal expenses, Income tax returns and his business transactions with NuPower Renewables. Section-131 of I.T act deals with issues relating to production and discovery of evidence wherein income tax officials can ask for account books and statements. Indian tax officials will seek information from its Mauritian counterpart regarding investments made in entities and the person behind those entities under the amended tax treaty. As per inside sources, a bank official said that F...
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