tag:blogger.com,1999:blog-79027594671570271712024-03-12T23:42:41.549-07:00Corporate Blog of Latin ManharlalLatin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele. Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.comBlogger116125tag:blogger.com,1999:blog-7902759467157027171.post-26856549405408059222023-06-28T02:40:00.000-07:002023-06-28T02:40:16.401-07:00Discipline in Investments<p><span style="font-family: inherit;">In
our previous edition, we spoke about how easy it is and
how important it is to start your wealth creation journey. To take this further
and how you can partially bring in more discipline and automate your investing.</span></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">We
often say this; discipline in anything is the key to success.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">How
much do we really follow specially when it comes to our own self, may it be
pertaining to our Health, personal life goals or may it be finance /
investments.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">I
have been observing this since sometime that slowly people who are kind of
beginners or freshers or who have been thinking since sometime and have taken
there most important first step towards starting there wealth creating journey.
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">It’s
important for a person to start their investment journey and then gradually when
one gets on the train the ball gets rolling. </span><span style="font-family: Century Gothic, sans-serif;"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span lang="EN-IN" style="font-family: "Century Gothic","sans-serif";"></span></p><div class="separator" style="clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhA3HMJjoCxfBkK9DRES43l23KSSe1SrKBawGqBaiklaGTf8kHf2nPCgNoIseo-pCnfZibSbs_se0V7y6DljTlLvpuo1zC4P8Pk9Urw4ycUA8Ha6I1yGcMK3TMak3AqOIjSfU1eR0Cjh3kEKMyHefMF7Uf9pWr52nHKrMz3nQEcfa7mEGqD09fe-w8_oW2C/s952/Step-up-SIP.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="726" data-original-width="952" height="244" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhA3HMJjoCxfBkK9DRES43l23KSSe1SrKBawGqBaiklaGTf8kHf2nPCgNoIseo-pCnfZibSbs_se0V7y6DljTlLvpuo1zC4P8Pk9Urw4ycUA8Ha6I1yGcMK3TMak3AqOIjSfU1eR0Cjh3kEKMyHefMF7Uf9pWr52nHKrMz3nQEcfa7mEGqD09fe-w8_oW2C/s320/Step-up-SIP.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: left;"><br /></div><span style="font-family: inherit;">Best
way is Mutual funds once started that too especially modes like SIP / STP...These modes of investments itself creates discipline... <span style="mso-spacerun: yes;"> </span>To inch up further and add more solid approach
towards increasing our investment amount gradually without us being much
bothered periodically – <b style="mso-bidi-font-weight: normal;">STEP-UP SIP</b>
is the way to go. <o:p></o:p></span><p></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">How
does step-up sip works?<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></span></p>
<p class="MsoNormal"><span lang="EN-IN"><span style="font-family: inherit;">Basically
while initiating your sip we need to opt for step-up sip which basically will
lead to increase in your sip amount by a lumpsum amount or it can be increased
by a specific % of your existing sip amount. Say for eg. You have an ongoing
sip of rs.5000/- and you want to increase your sip amount from next year by 10%
so from the next year the sip amount shall become 5500/- (5000 +10% = 5500).
This shall automatically lead to an increase in the basic investment amount
gradually and result of this over a longer period can be very beautiful. Also
it is important to decide the amount which can be non hurting the cash flow and
whatever is comfortable amount.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: inherit;"><b><span lang="EN-IN" style="line-height: 107%;">Small Illustration depicted below</span></b><span lang="EN-IN"><o:p></o:p></span></span></p><p class="MsoNormal"><b><u><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">Regular SIP</span></span></u></b></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>SIP Amount: Rs.15,000<o:p></o:p></b></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Tenure of Investment: 20 years<o:p></o:p></b></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Expected rate of return (growth rate)%: 14%
CAGR (Assumed)</b></span></p>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 541px;">
<tbody><tr style="height: 13.55pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 13.55pt; padding: 0in 5.4pt 0in 5.4pt; width: 266.75pt;" valign="top" width="356">
<p class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;"><b><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">Amount Invested <o:p></o:p></span></span></b></p>
</td>
<td nowrap="" style="border-left: none; border: solid black 1.0pt; height: 13.55pt; padding: 0in 5.4pt 0in 5.4pt; width: 139.35pt;" valign="top" width="186">
<p align="center" class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">36 Lakhs<o:p></o:p></span></span></b></p>
</td>
</tr>
<tr style="height: 13.55pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="background: #92D050; border-top: none; border: solid black 1.0pt; height: 13.55pt; padding: 0in 5.4pt 0in 5.4pt; width: 266.75pt;" valign="top" width="356">
<p class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;"><b><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">Corpus <o:p></o:p></span></span></b></p>
</td>
<td nowrap="" style="background: #92D050; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.55pt; padding: 0in 5.4pt 0in 5.4pt; width: 139.35pt;" valign="top" width="186">
<p align="center" class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">1.76 Crores<o:p></o:p></span></span></b></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><b><span lang="EN-IN" style="line-height: 107%;"><o:p><span style="font-family: inherit;"> </span></o:p></span></b></p><p class="MsoNormal"><b><u><span lang="EN-IN" style="line-height: 107%;"><span style="font-family: inherit;">With STEP-UP-SIP</span></span></u></b></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Initial SIP per month: Rs. 15,000<o:p></o:p></b></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Tenure of Investment: 20 years<o:p></o:p></b></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Step- up investment: 10% every year. <o:p></o:p></b></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><span style="font-family: inherit;"><span style="mso-list: Ignore;"> §<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b>Expected rate of return (growth rate)%: 14%
CAGR (Assumed)</b></span></p><table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 537px;">
<tbody><tr style="height: 13.15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 13.15pt; padding: 0in 5.4pt 0in 5.4pt; width: 279.15pt;" valign="top" width="372">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b><span lang="EN-IN"><span style="font-family: inherit;">Amount Invested <o:p></o:p></span></span></b></p>
</td>
<td nowrap="" style="border-left: none; border: solid black 1.0pt; height: 13.15pt; padding: 0in 5.4pt 0in 5.4pt; width: 123.95pt;" valign="top" width="165">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b><span lang="EN-IN"><span style="font-family: inherit;">1.03 Crore<o:p></o:p></span></span></b></p>
</td>
</tr>
<tr style="height: 13.15pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="background: #92D050; border-top: none; border: solid black 1.0pt; height: 13.15pt; padding: 0in 5.4pt 0in 5.4pt; width: 279.15pt;" valign="top" width="372">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b><span lang="EN-IN"><span style="font-family: inherit;">Corpus <o:p></o:p></span></span></b></p>
</td>
<td nowrap="" style="background: #92D050; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.15pt; padding: 0in 5.4pt 0in 5.4pt; width: 123.95pt;" valign="top" width="165">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b><span lang="EN-IN"><span style="font-family: inherit;">3.39 Crores<o:p></o:p></span></span></b></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: inherit;"><span lang="EN-IN" style="line-height: 107%;">Disclaimer: The above calculations
shown are for illustration performance only</span><span style="line-height: 107%;">. </span><span lang="EN-IN" style="line-height: 107%;">Mutual fund investments are subject to
market risk. Refer to the scheme related documents carefully.</span></span></p><p class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;"></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-IN"><span style="font-family: inherit;">Author: Mr. Bhavin Shah</span></span></b></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><b>Latin Manharlal Group</b></p><br /><p></p>Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0Mumbai, Maharashtra, India19.0759837 72.8776559-9.2342501361788472 37.721405899999993 47.386217536178847 108.0339059tag:blogger.com,1999:blog-7902759467157027171.post-10133003671601840712023-01-17T03:29:00.006-08:002023-01-17T03:37:36.609-08:00Wealth Creation<p><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">Every person desires to create wealth since
young age.</span><span lang="EN-IN" style="background: white; font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">
Day in, day out we work and keep hunting for business opportunities to earn
money, to meet our needs and desires. We might have often experienced this that
by the time we are able to gather the required amount for a specific goal and
we realise that the goal has become more expensive. Hence it becomes
important for us to understand that how better the planning can be done. Please
remember unless it is not planned well the cost of the financial goal is going
to increase faster than the value of your investment.</span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="background: white; font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">As quoted by Warren Buffet
“Never depend on a single income. Make investment to create second source” </span><span lang="EN-IN" style="background: white; font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Hence it becomes very important
that we need to plan well and get our money start working for us simultaneous
with our regular income.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">We being a financial service provider often
come across this question that what is the right time to start investing and
how much should we invest? The answer is - there ‘no right or wrong time’ to
start investing, what matters is to start investing with whatever investable
surplus is left. You can start your investment with as low as 2000/- rupees.
For</span><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> e.g. one can do a
SIP (Systematic Investment Plan) through Mutual Funds. What is more important
is prioritising your expenses.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">Every person should manage his cash flows i.e.
review his earnings, calculate his expenditure and savings and invest
accordingly based on his risk appetite, financial goal and liquidity needs. In
the market there are many investment options available with different characteristics
like, Debt, Gold, Real Estate, REIT’s.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">For the purpose of ease it is always better to have some financial goal
in mind and plan for the same. Any good Financial Advisor can guide and help
you better to understand your goals and invest in the right avenue.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="background: white; font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">There is an old saying
that “<em><span face=""Calibri","sans-serif"" style="mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Time</span></em> in the <em><span face=""Calibri","sans-serif"" style="mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">market</span></em> is more <em><span face=""Calibri","sans-serif"" style="mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">important than timing the market”</span></em>.</span><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;"> For wealth creation just setting a
financial goal and choosing right investment instrument is not enough you need
to give your investments time to grow and there should be disciplined and
consistency in your investing habit.<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;"></span></p><h3 style="background: white; line-height: normal; margin-top: 0in; text-align: left;"><b><span color="windowtext" face=""Calibri","sans-serif"" lang="EN-IN" style="mso-ascii-theme-font: minor-latin; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: normal; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Review </span><span face=""Calibri","sans-serif"" lang="EN-IN" style="color: black; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: text1;">& Rebalancing is Important for Portfolio Management</span></b></h3><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjemBaSEyKZMiJS3im7IrCfOKlhg9CZu4Sszm9ssGATdanBBo1v1wnwkvSbgSxsLO7Ap6tLP1AOvy5vACet0c-vopp_juvFkJk1klprgvaZ7VIUSeJvpQXzhqLCg2XXjzA3EBfzSAf3eh5auXdQnMeAWWNy-MMITra-QIx6JGIsmA10RtWXD481xHz8bw/s311/download.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="162" data-original-width="311" height="162" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjemBaSEyKZMiJS3im7IrCfOKlhg9CZu4Sszm9ssGATdanBBo1v1wnwkvSbgSxsLO7Ap6tLP1AOvy5vACet0c-vopp_juvFkJk1klprgvaZ7VIUSeJvpQXzhqLCg2XXjzA3EBfzSAf3eh5auXdQnMeAWWNy-MMITra-QIx6JGIsmA10RtWXD481xHz8bw/s1600/download.jpg" width="311" /></a></div><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;"><br /></span></p><p style="text-align: left;"><span style="font-size: 12pt;">Investment is not only the important point but
at the same time, review and rebalancing plays a very vital role. Like we
always say regular </span><b style="font-size: 12pt;">HEATH CHECK-UP</b><span style="font-size: 12pt;"> is
important, similarly </span><b style="font-size: 12pt;">REVIEWING</b><span style="font-size: 12pt;"> our </span><b style="font-size: 12pt;">PORTFOLIO’S HEALTH</b><span style="font-size: 12pt;"> is equally
important.</span></p><p style="text-align: left;"><strong><span face=""Calibri","sans-serif"" lang="EN-IN" style="font-size: 12pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: normal; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">1.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal;"> </span></span></strong><!--[endif]--><strong><span face=""Calibri","sans-serif"" lang="EN-IN" style="background: white; font-size: 12pt; letter-spacing: -0.25pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Helps maintain the original
asset mix.</span></strong></p><p style="text-align: left;"><strong><span face=""Calibri","sans-serif"" lang="EN-IN" style="font-size: 12pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: normal; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">2.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal;"> </span></span></strong><!--[endif]--><strong><span face=""Calibri","sans-serif"" lang="EN-IN" style="background: white; font-size: 12pt; letter-spacing: -0.25pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Better risk management.</span></strong></p><p style="text-align: left;"><b><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">3.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><strong><span face=""Calibri","sans-serif"" lang="EN-IN" style="background: white; font-size: 12pt; letter-spacing: -0.25pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Useful in implementing
changes in investment strategy.</span></strong></p></div>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="background: white; font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.5pt; mso-bidi-theme-font: minor-latin;">One must review their
investment portfolio periodically to identify if any market changes have led to
an immersion or rise in the value of your assets, thereby making your portfolio
too risky or non-progressive. <span style="letter-spacing: -0.25pt;">Over time,
the risk-to-return ratios of assets might change. You might see your risk
profile and financial needs change. <o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: normal; text-align: left;"><span lang="EN-IN" style="background: white; font-size: 12pt; letter-spacing: -0.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Re-balancing your portfolio helps to
stay in line with your asset allocation strategy and implement any changes you
make in your strategy. Some of the benefits of re-balancing your portfolio are
listed below:<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: normal; mso-list: l0 level1 lfo1; text-align: left; text-indent: -0.25in;"></p><!--[if !supportLists]--><p style="text-align: left;"></p>
<p class="MsoListParagraphCxSpLast" style="line-height: normal; text-align: left;"><b style="text-align: justify;"><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Author Mr. Bhavin Shah</span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><b><span lang="EN-IN" style="font-size: 12pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Latin Manharlal</span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><br /></p><p></p>Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-51242693346139478652022-01-27T22:52:00.000-08:002022-01-27T22:52:23.857-08:00Current Market Outlook <p><br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgi8MXmW7iif5bPkBZ6RB3AH4nN5BSQ013bipqV5zqePseXV6edkPFtZkFjVZ8molKBXbFU1ZTdgep55D2kubtE3MyStVwvuuBAvVDkIDAWLK_LBFBTjv8Zd05jg2t06W-hDJAY5OvK8k4FUuo3GReq1pA17OBV0s00IAdV2iFnv_UXRabfImN04vv6gA=s626" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="417" data-original-width="626" height="266" src="https://blogger.googleusercontent.com/img/a/AVvXsEgi8MXmW7iif5bPkBZ6RB3AH4nN5BSQ013bipqV5zqePseXV6edkPFtZkFjVZ8molKBXbFU1ZTdgep55D2kubtE3MyStVwvuuBAvVDkIDAWLK_LBFBTjv8Zd05jg2t06W-hDJAY5OvK8k4FUuo3GReq1pA17OBV0s00IAdV2iFnv_UXRabfImN04vv6gA=w400-h266" width="400" /></a></div><p class="MsoPlainText">Foreign portfolio investors have pulled out more than $2
bn from Indian equities so far in January. In the preceding three months outflows
from FPI's were close to $5 bn.</p>
<p class="MsoPlainText">Domestic Institutional Investors continue to show their
conviction in Indian equities and have bought more than Rs 7000 cr in January
so far.</p>
<p class="MsoPlainText">The systematic investment plan SIP for December 2021 hit
its highest level ever at Rs 11305 cr crossing Rs 11000 cr mark for the second
consecutive month.</p>
<p class="MsoPlainText"><o:p> </o:p>Markets are looking forward to the Union Budget next week
on Tuesday. The market is also anxious about geopolitical tensions between
Russia and Ukraine and its impact on crude oil prices.</p>
<p class="MsoPlainText"><o:p> </o:p>In the current Q3FY22 earnings season, one of the major
concerns voiced by companies is the rising input costs as well as higher energy
costs. However most companies remain optimistic that input costs have peaked in
Q3.</p>
<p class="MsoPlainText">At current levels of 16877 we believe Nifty trades at 23
times FY23(E) EPS. We believe Nifty can drift till 16280 levels which could be
a good opportunity to accumulate quality stocks like Infosys TCS Reliance
Industries ICICI Bank.</p>
<p class="MsoPlainText"><o:p> <b>Latin Manharlal Group</b></o:p></p><br /><p></p>Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-91284472992844442362021-01-15T01:10:00.007-08:002021-01-15T01:10:51.229-08:00Budget Expects Scrappage Policy, PLI Scheme to Boost Automotive Sector<p><span style="background-color: white;">The domestic commercial
vehicle (CV) segment witnessed a steep volume contraction of 29% in FY2020, as
it battled multiple headwinds. Challenges such as overcapacity in the trucking
system, subdued freight availability due to a weak macroeconomic environment,
cost increases due to new emission norms (BS-VI), financing constraints, and
stress on the cash flows of fleet operators, have all aggrevated with the onset
of the pandemic, and the lockdowns imposed to contain the same. Accordingly,
fleet operators cut back new vehicle purchases, resulting in the 85% and 55%
contraction in CV retail volumes witnessed in Q1 and Q2 FY2021 respectively.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><span lang="EN-US" style="background: white;"><o:p> </o:p></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span lang="EN-US" style="background: white; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUpSR5zi4WAstRFdglFVP9TAg5xTeWMvOmeH-yEe8m8xrBuQy87GGxXRjLX2L9LXaAgYPXHSxM3jkDWe-0OMaTP8ggn5yhHghAl8GBShFUiZKZ4aeaZdUjb_dDKCWIbZm-v_FgyeNUinIk/s1280/923294-scrap-vehicle.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUpSR5zi4WAstRFdglFVP9TAg5xTeWMvOmeH-yEe8m8xrBuQy87GGxXRjLX2L9LXaAgYPXHSxM3jkDWe-0OMaTP8ggn5yhHghAl8GBShFUiZKZ4aeaZdUjb_dDKCWIbZm-v_FgyeNUinIk/w400-h225/923294-scrap-vehicle.jpg" width="400" /></a></div><br />The Scrappage Policy,
relevant for the CV industry, has been long overdue after its initial draft was
proposed in May 2016 and actions may be expected this year. The benefit of the
Scrappage Policy to the industry will depend on a) the age qualification for
the scrapping vehicles and b) the extent of the incentive offered. In case the
age qualification is kept for vehicles older than 15 years, the impact will be
muted as only a limited number of vehicles would qualify for the scheme. The CV
parc older than 15 years is estimated to be around 650,000
units only. Such older trucks are generally used in hinterlands for
short-haul operations by the SFOs; hence, are unlikely to be replaced, without
significant commercial incentives.<span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> <o:p></o:p></span><p></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="background: white; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">A well-defined vehicle scrappage policy in
India can help create an industry of its own with a business opportunity of $6
billion (Rs 43,000 crore) a year. It could generate fresh employment and
trigger economic growth, and also act as a critical factor to revive the
automobile market that has been hit by a prolonged slowdown. The government
expects recycling of metals like steel, copper and aluminium from the scrapped
vehicles to help reduce their imports. Getting the roads rid of </span></b><span lang="EN-US"><a href="https://auto.economictimes.indiatimes.com/tag/old+vehicles"><b style="mso-bidi-font-weight: normal;"><span style="background: white; color: windowtext; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">old
vehicles</span></b></a></span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="background: white; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> would also help lower pollution and the
government’s oil bill, as the new vehicles replacing the old ones would be more
fuel efficient.<o:p></o:p></span></b></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span lang="EN-US" style="background: white; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The policy can be a
win-win for all as the consumer would benefit from the scrap value, GST savings
and discounts, while a dealer would gain from demand for new vehicles. For a
vehicle maker, recycled metals would be available at a cheaper rate, and the
government could save forex because of lower imports of these raw materials as
well as get tax revenue from new vehicle sales. Already the likes of Maruti
Suzuki and Mahindra & Mahindra have ventured into the recycling business
and there are another half a dozen companies in queue to enter the space, say
people in the know. The challenge is that scrap yards will take time to build.<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span lang="EN-US" style="background: white; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The automobile
industry wants the policy to cover all segments, including cars and
two-wheelers and not just commercial vehicles, to create a significant scale
for new players to participate in this new market. <b style="mso-bidi-font-weight: normal;">A recent study has estimated the market for vehicle scrappage and
recycling at $6 billion. According to it, if the policy is defined well, 9
million vehicles could go off roads by fiscal 2021 and 28 million by 2025,
largely comprising two-wheelers.</b> It would reduce carbon dioxide emission by
17% and cut particulate matter in air by 24%. Also, if half the Bharat Stage-II
and III vehicles go off the roads, it would save 8 million tonnes of oil a
year.</span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The other factor which has a
significant bearing on the automotive industry over the medium-to-longer term
is the recently announced PLI scheme. The scheme aims to make India a part of
the global value chain in manufacturing and plans to attract fresh investments.
<b style="mso-bidi-font-weight: normal;">It has allocated Rs 57,000 crore for the
auto segment and another Rs 18,100 crore for the advanced chemistry cell
batteries (Li-Ion battery).</b> These incentives have the potential to
kickstart significant investments in the coming years and help the industry
achieve globally competitive scales in the chosen segments. The operational
details of the scheme, however, would be known only in the coming years.<o:p></o:p></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Metals<o:p></o:p></span></b></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Exemption from import duties on coking /anthracite coal</span></b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">: The Basic Customs Import Duty on Anthracite/Coking Coal is 2.5%.
Since it plays a vital role in the manufacturing of Steel, it is necessary to
make coking /anthracite coal available at international competitive price to
make Indian steel mills more competitive. It is therefore recommended that
Customs duty on Anthracite/Coking Coal as mentioned above to be reduced to NIL.<o:p></o:p></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Enhancement of export duty on pellets</span></b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">: There is severe shortage of Iron Ore in the country due to
various reasons, impacting the production of Steel in the country. This
exemption from export duty on pellets is causing further shortage of iron ore
in the country due to enhanced export of pellets. <b style="mso-bidi-font-weight: normal;">Therefore, in order to conserve the iron ore / pellets for the domestic
consumption, it is necessary that pellet exports are discouraged by imposing
the same export duty as in case of iron ore i.e., 30% on the export of pellets
having Fe Grade 60% or higher<o:p></o:p></b></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Exemption from import duty on steel grade limestone and dolomite:</span></b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> While cement grade limestone reserves are adequate, SMS, BF and
Chemical grade limestone (required by the steel industry) are not adequate and
occur in selective areas. Increase in steel production in the country, has led
to rising demand for SMS and BF grade limestone. <b style="mso-bidi-font-weight: normal;">Therefore, the limestone imports have been increasing consistently. So,
it is requested to exempt the Customs Duty on the limestone (CTH 2521) and
dolomite (CTH 2518) from 2.5% to NIL imported for Metallurgical use in line with
similar imports from ASEAN countries, without any technical condition.<o:p></o:p></b></span></p>
<p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Alignment of rate of GST on services provided by Govt.:</span></b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> it is suggested that the tax structure relating to supply of
services by Govt. in respect of mines be aligned with the rate of services
under SAC 997337 @5% which is applicable to ores instead of 18% at present.</span></p><p style="background: white; margin-bottom: 15.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span style="font-family: Calibri, sans-serif;"><b>Latin Manharlal Group</b></span></p>Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-52053528643232986382020-10-08T00:42:00.002-07:002020-10-08T00:42:39.314-07:00What are 5G Networks?<p style="text-align: left;"><span style="background-color: white; font-size: 12pt;">When 5G mobile networks come to India, they will
use a new radio technology and a different network architecture to deliver
higher bandwidth and lower latency than 4G (LTE) and 3G networks we have today.
</span><b style="background-color: white; font-size: 12pt;">5G promises peak data speeds of up to 10 Gbps – up to 100 times faster than
the 100 Mbps of 4G.</b><span style="background-color: white; font-size: 12pt;"> Latency, a measure of the time it takes data to travel
from the phone to the distant server, could be less than a millisecond in 5G
networks, or 60-120 times better than 4G</span></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Digital networks would need expansion
to connect half of world’s population <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Nearly half of the world still remains
un-connected in 2020 <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">India still needs to connect 55% of
its population <o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Significant investment in digital
network quality is required to support new applications<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">1.8 bn connections of 5G needed by
2025 for 20% penetration<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The digital network will need to reach
everyone at scale and quality<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">4-5X Internet Mobile traffic more
digital kilometres more digital lanes - With high capacity fibre cables, 5G<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Millions of new users - more digital
kilometres - Connect every home, every enterprise<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">3X Mobile Data speeds – superior
speeds, response – Using software to manage network traffic (copper + wireless
--</span><span style="font-family: Wingdings; font-size: 12.0pt; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-char-type: symbol; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;">à</span></span><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">
Fibre)<b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; text-align: left;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">All Network Creators
Investing Heavily in Digital Infrastructure<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">May 2020 - </span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">China
mobile to invest $14 Bn in building digital infrastructure enabling faster 5G
Connectivity<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">May 2020 - </span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">BT
to invest $12 Bn in building 5G and next generation full fibre broadband across
the UK<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">March 2020 - </span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Verizon
to invest $18.5 Bn to accelerate its 5G plans globally<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">June 2020 - </span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Airtel
to double its fixed line penetration in next three years<b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; text-align: left;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">Cloud Companies<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">May 2020 - </span></b><span style="font-size: 12pt;">Microsoft
to invest $15 Bn to accelerate digital transformation in Italy including its
first data </span>center<span style="font-size: 12pt;"> region.</span><b style="font-size: 12pt;"><o:p></o:p></b></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">March 2020 - </span></b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Google
to invest $10 Bn in US offices and data centres in 2020 - Sets up a us $10
billion for </span><span style="background-color: transparent;">India</span></p>
<p class="MsoNormal" style="background: white; line-height: normal; text-align: left;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">Large Enterprises<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Enterprise spectrum sees huge demand
in US, UK, Germany.<b><o:p></o:p></b></span></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Many companies have applied to set up
local 5G networks.<b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; text-align: left;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">Citizen Networks<o:p></o:p></span></b></p>
<p class="MsoListParagraph" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Indian Govt. aims to provide 5,00,000
FTTH connections by Sept 2020 (part of BharatNet) FCC, US launched rural
digital opportunity fund worth $20 bn.<b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; text-align: left;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">PE Investment<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> * </span></span></span><!--[endif]-->KKR in partnership with Telecom Italia to invest
$7-8 Bn in Open Fibre deal.</p><p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"><span style="text-indent: 0px;"> * EQT in partnership with OMERS to invest $4 Bn to acquire a fibre optic internet access company in Germany.</span></p><p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; text-align: left; text-indent: -18pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTR903e_F4s_YNgZbv_4W0tCfKMmyd9gU3F2QdId94rFJnL3NSJNMcJxf5vUPlP6P5q-1Sal4d3l7xdFIFyECa7UguWH2yjZpJ9yzMXQ0xO25sG3GSTcIoHivcvVT3chflkP17QOZMl6DR/s1200/5g_wireless_technology_network_connections_by_credit-vertigo3d_gettyimages-1043302218_crop_3x2-100787551-large-1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="800" data-original-width="1200" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTR903e_F4s_YNgZbv_4W0tCfKMmyd9gU3F2QdId94rFJnL3NSJNMcJxf5vUPlP6P5q-1Sal4d3l7xdFIFyECa7UguWH2yjZpJ9yzMXQ0xO25sG3GSTcIoHivcvVT3chflkP17QOZMl6DR/w400-h266/5g_wireless_technology_network_connections_by_credit-vertigo3d_gettyimages-1043302218_crop_3x2-100787551-large-1.jpg" width="400" /></a></div><br /><span style="text-indent: 0px;"><br /></span><p></p><p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l4 level1 lfo6; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><br /></p><p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l4 level1 lfo6; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><br /></p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><div style="text-align: left;"><p class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2;"><b><span style="color: #8eaadb; font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">5G Network Rollouts
Have Accelerated<o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2;"><b><span style="font-size: 12.0pt;">Telcos continue to be bullish about 5G spend<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l1 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">T-Mobile, US
announced plans to spend $ 60 bn. on deploying 5G networks over the next 5
years</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l1 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">Chinese telecom
companies have announced massive tenders for 5G rollouts in this Quarter (~
10bn USD)</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l1 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">As of May 2020,
there are approx. 300 operators investing in 5G commercial services</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2;"><b><span style="font-size: 12.0pt;">5G Rollouts have accelerated<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l0 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">11 operators have
launched 5G in 2020 (till May).</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l0 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">Bell Canada
launched 5G in June.</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l0 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">T-Mobile, Poland
and Three, Sweden launched 5G in June.</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l0 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">In HongKong, 3
operators have rolled out 5G post April 2020.</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2;"><b><span style="font-size: 12.0pt;">Customers are adopting 5G at unprecedented rates<o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpFirst" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l2 level1 lfo3; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">Deutsche Telekom
has reached 16 mn subscribers.</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l2 level1 lfo3; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">Chinese Telecom
Companies added 22mn 5G subscribers in 1 month (June 2020).</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l2 level1 lfo3; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> * </span></span><!--[endif]--><span style="font-size: 12.0pt;">South Korea has
added more than half a million 5G subs in 1 month (May 2020).</span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p></div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjflCCGytUIOhOmqmxPBufcArOayAyGD1_SJYq9rAHLWrns9bWGIufNNsvCXZJ4cfL6A7nL8bKLC_O_080tu21COLGM6qnf8dyUF4LWJL1-0ah_D0SmW3nwDETuTuJ2HZiE8IGbKlsg_DBK/s1200/5g_wireless_technology_network_connections_by_credit-vertigo3d_gettyimages-1043302218_crop_3x2-100787551-large-1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><br /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX6XVgCID4tGX1NozTItknctYIrcO308LngYGyf9YeEpHVRn012izF0NIzxgUbSRRMuGZ1j-AW5Hevkw4qyGTe2L6EKbefdR2UvlavVLy-26-8XY_8-Sr_C-MiX1ICREZRcno3yS1OquhU/s533/5G+BLOG.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="396" data-original-width="533" height="297" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX6XVgCID4tGX1NozTItknctYIrcO308LngYGyf9YeEpHVRn012izF0NIzxgUbSRRMuGZ1j-AW5Hevkw4qyGTe2L6EKbefdR2UvlavVLy-26-8XY_8-Sr_C-MiX1ICREZRcno3yS1OquhU/w400-h297/5G+BLOG.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: left;"><h2 style="background: white;"><span style="font-family: "Calibri","sans-serif"; font-size: 12.0pt; font-weight: normal; letter-spacing: .15pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Currenly,
5G is launched in few countries and under testing in many countries. According
OpenSignal survey, US and Switzerland top the chart in 5G speed. U.S. users
with 1,816 Mbps 5G speed which 2.7 times as fast as 4G users’ fastest speed.
Switzerland came to the 2nd place with its early 5G adopters seeing speeds up
to 1,145 Mbps which is 2.6 times fast than regular 4G users. Recently many
smartphones makers has launched their 5G devices which are quite expensive.</span><span style="color: #8eaadb; font-family: "Calibri","sans-serif"; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;"><o:p></o:p></span></h2>
<h2 style="background: white;"><span style="color: #8eaadb; font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;">How are Indian operators preparing for 5G<o:p></o:p></span></h2><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqH0CHnt40_rE_RI4ufl5cDPjHOI_orhRREWNR0eSyDo1b1DmMAicZUkEgk6-az6uHV2bfPzPbgYyEsVtjpP8hPzex5glZ-L0BBJ4q7B-0H2YENsP9FksgxB2a6Xg5th6A_Pk7f8R33hg/s548/5G+BLOG+1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="340" data-original-width="548" height="249" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqH0CHnt40_rE_RI4ufl5cDPjHOI_orhRREWNR0eSyDo1b1DmMAicZUkEgk6-az6uHV2bfPzPbgYyEsVtjpP8hPzex5glZ-L0BBJ4q7B-0H2YENsP9FksgxB2a6Xg5th6A_Pk7f8R33hg/w400-h249/5G+BLOG+1.png" width="400" /></a></div><br /><span style="color: #8eaadb; font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: accent1; mso-themetint: 153;"><br /></span></div></div><br /><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><p class="MsoNormal" style="line-height: normal;"><strong><span style="background: white; color: black; font-family: "Calibri","sans-serif"; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Reliance Jio</span></strong><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> launched its 4G service in 2016, skipping
over the 2G and 3G technologies offered by rivals Airtel, Vodafone Idea and
BSNL. Now it’s counting on its modern network infrastructure to make it one of
the first to offer 5G service. Jio has the network and backhaul in place,
needing only to invest in spectrum and equipment. Jio is also the only operator
with an all-IP network, an important requirement for launching 5G
services. <b>It will conduct 5G trials with Samsung, the supplier of its 4G network,
and has said it will extend its partnerships for 5G trials to include Huawei,
Ericsson, and Nokia.<o:p></o:p></b></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">In July 2020, Google said it would invest Rs 33,737
crore (USD 4.5 billion) in Jio to support the operator’s upgrade<b>. Jio
also has support from Qualcomm and Intel for its 5G plan.</b> The latter two
are Jio’s hardware enablers: <b>Chipmaker Qualcomm is expected to offer deep
technology know-how and insights to drive the 5G vision. Intel has advanced
edge computing offering across processors and access to this technology can
help Jio pace the 5G rollout</b>. Google and Jio have come to a commercial
agreement, where they would work together on an entry-level Android smartphone
with 4G and possibly 5G capabilities.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><b><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Jio has designed its end-to-end 5G solutions from scratch
using homegrown technologies. While it hasn’t given out details of its 5G
solution, it expects to position itself to be an exporter of 5G systems as
complete managed services in the near future.</span></b><span style="background: white; color: #212121; font-size: 12.0pt;">According to telecom experts, Jio could
theoretically have a 15% cost advantage in 5G rollout if it uses self-built
software. But there is a high possibility that Jio will extend partnerships
with existing Indian providers in the 5G space to offer these solutions.</span><b><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal;"><strong><span style="background: white; color: black; font-family: "Calibri","sans-serif"; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Airtel</span></strong><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> <b>has said it will work with Huawei, ZTE,
Ericsson, and Nokia on its trials.</b> It has deployed 100 hops of 5G
technology transmission equipment supplied by Huawei, improving its backhaul
capacity by a factor of four, and has struck deals with<b>Cisco and </b></span><b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Ericsson</span></b><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> to speed up its core network in readiness
for 5G service.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><strong><span style="background: white; color: black; font-family: "Calibri","sans-serif"; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Vodafone Idea</span></strong><span style="background: white; color: black; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> will conduct its trials with Huawei, ZTE,
Ericsson, and Nokia, and is already using 5G AI technology from Huawei to boost
the capabilities of its 4G network<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: #212121; font-size: 12.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri;">Several Indian companies across
software and technology solutions have already been rolling out their own
global 5G solutions. <b>From Tech Mahindra, Cyient, ITI Ltd to Sterlite
Technologies Ltd and Saankhya Labs, these companies have built 5G expertise
across core telecom solutions such as virtual radio access networks (VRAN),
Open RAN (ORAN), chipsets and hardware, which Jio can possibly tap into for its
homegrown solutions</b>.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: #212121; font-size: 12.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-hansi-font-family: Calibri;">In fact, Jio’s Japanese peer Rakuten is
already in talks with a number of Indian providers for their 5G solutions and
experts estimate Jio will also onboard additional solutions from these
companies</span><span style="background: white; color: #212121; font-size: 12.0pt;">.According
to a UBS Evidence Lab survey from December 2019, 59% of telcos were already
using network virtualization and 51% were willing to work with non-traditional
vendors, suggesting these trends are opening ways for niche players, such as
Jio, to get a share of global telco capex spend.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><b><span style="background: white; color: #212121; font-size: 12.0pt;">Network virtualization solutions can only work
with a strong optical fibre cable (OFC) backbone</span></b><span style="background: white; color: #212121; font-size: 12.0pt;">. One of the leading
OFC manufacturers globally, <b>Sterlite Technologies Ltd (STL)</b>, has evolved
from core manufacturing to digital networks services through acquisitions
across software solutions over the past years to include solutions for
virtualized access, network software products and system integration services.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: #212121; font-size: 12.0pt;">Another homegrown company, <b>Saankhya Labs</b>,
<b>also owns intellectual property and provides radio units and chipsets for
VRAN deployments</b><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><b><span style="background: white; color: #212121; font-size: 12.0pt;">Tech Mahindra has a 17% stake in telecom
software provider Altiostar, which is already rolling out cloud-based solutions
for Japanese telco Rakuten</span></b><span style="background: white; color: #212121; font-size: 12.0pt;">. Globally, the company has been offering solutions across
software-defined and cloud native networks, adoption of disaggregated networks
and VRAN, among others, across markets in US, Europe and Japan.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: #212121; font-size: 12.0pt;">Recently<b>, Tech Mahindra announced a partnership
with ITI</b>, which has large manufacturing facilities, to enable manufacturing
of 4G equipment and work on building capabilities for 5G equipment for the
Indian market.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal;"><span style="background: white; color: #212121; font-size: 12.0pt;">Another Indian company that has been present in
this space is <b>Cyient which provides intelligent network solutions for global
telcos and is closely involved in 5G rollouts</b> across Australia, South
Korea, US and Europe among others apart from multiple telecom carriers globally</span><span style="background: white; color: #212121; font-size: 13.5pt;">.</span><a name="_GoBack"></a><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></p><br /></div>Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-56434047924447591832020-06-09T01:23:00.000-07:002020-06-09T01:23:48.425-07:00How Reliance Industries Plans to become Debt Free<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "times" , "times new roman" , serif;"><b>8th deal for Jio Platforms in less than seven weeks – Successfully Cruising Towards Zero Debt Status –Tieups to accelerate the process of <o:p></o:p></b></span><span style="font-family: "times" , "times new roman" , serif;"><b>Digitization</b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0lom9RXN-Zz9i_4ai0XFiUREs6CHT2e3lbg_3sPq1QQ5RfbhqPN_myiFv9L4iNmIfqwzKZy6PVWYv5Q_AIl_dt5wyN1QOkvwjwjH5wh2Ue2TN1206Nsx-l97r4GUdYPiUUavE_yAl-hI7/s1600/Reliance-Jio-Logo.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="383" data-original-width="643" height="237" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0lom9RXN-Zz9i_4ai0XFiUREs6CHT2e3lbg_3sPq1QQ5RfbhqPN_myiFv9L4iNmIfqwzKZy6PVWYv5Q_AIl_dt5wyN1QOkvwjwjH5wh2Ue2TN1206Nsx-l97r4GUdYPiUUavE_yAl-hI7/s400/Reliance-Jio-Logo.jpg" width="400" /></a></div>
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<span style="font-family: "times" , "times new roman" , serif;"><span style="background: white; color: #212121;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="background: white; color: #212121; font-family: "times" , "times new roman" , serif;">Jio, with 388 million users, combines all of RIL’s digital
and telecom initiatives, including Jio digital services, mobile and broadband,
apps, tech capabilities such as artificial intelligence, Big Data, and Internet
of Things, and other investments such as in Den Networks, Hathway Cable, and
Datacom. </span><b style="font-family: Times, "Times New Roman", serif;">Reliance’s plans are not just
instruments for clearing debt and the company has now opened up to a host of
global investors</b><span style="font-family: "times" , "times new roman" , serif;">.For instance, <b>the
tie-up with Facebook may help accelerate the process of digitising Reliance’s
retail businesses</b>.</span><span style="background: white; font-family: "times" , "times new roman" , serif;">By
bringing together JioMart, which is Jio’s business initiative with Whatsapp,
Facebook plans to connect people with businesses, shops and purchase
products, giving them a chance to discover new products.</span></div>
<div style="background: white; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: 0cm; margin-top: 15.0pt;">
<span style="font-family: "times" , "times new roman" , serif;">The collateral benefits of
the Reliance Jio-Facebook deal are many.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: 0cm; margin-top: 15.0pt;">
<span style="font-family: "times" , "times new roman" , serif;">Firstly, Facebook, which
includes WhatsApp and Instagram, caters to about 400 million users. Reliance
Jio also has about the same number of clients, with some overlap. But since
JioMart has been formed by RIL, the company is planning to enter in a big way
to start the e-commerce business and e-payment services.The Jio-Facebook
combine can compete with others in the e-commerce and e-services areas for
which the vast WhatsApp and Instagram subscribers will add to JioMart’s reach
to compete, reduce margins, and, therefore, prices for the consumers.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: 0cm; margin-top: 15.0pt;">
<span style="font-family: "times" , "times new roman" , serif;">Secondly, already JioMart
has begun trial runs in Navi Mumbai, Thane, and Kalyan besides RIL ownership in
6,700 big and small cities of 10,900 retail stores, employing 1,25,000 people.
WhatsApp is also connected to small businesses, taking orders from customers,
and promoting offerings through internet and cellphones. Thus, Facebook and Jio
combined will have huge market reach and consumer convenience.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: 0cm; margin-top: 15.0pt;">
<span style="font-family: "times" , "times new roman" , serif;">Thirdly, households will
be able to reach by cellphones the nearest kirana stores and place orders for
home delivery, Here too, Jio-Facebook can reach this way millions of traders
and kirana merchants on the cellphones and internet and thus save consumers
from having to make the trip physically for purchase.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: 0cm; margin-top: 15.0pt;">
<span style="font-family: "times" , "times new roman" , serif;">Fourthly, the Jio-Facebook
combine can now easily explore, with government concurrence, the introduction
of a cryptocurrency network. The government of India has already approved block chain technology. The final step of digital currency may have to wait
because the regulatory infrastructure has not yet been set up. When that
happens, black money will become impossible to use as legal currency in
circulation. Illegal transactions via cryptocurrency and block-chain will be
impossible without detection.<o:p></o:p></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">The
potential investors will not only help in bringing down the company’s debt but
also offer technological advances that can be integrated for better monetization. Therefore, it is safe to say that <b>the company's 'zero-debt'
strategy, involving leading technology companies is part of a larger plan in
progress -- a technology-first vision that allows the company to expand in
future.</b><o:p></o:p></span></div>
<div style="background: white; line-height: normal; margin-top: 0cm;">
<span style="font-family: "times" , "times new roman" , serif; font-size: small;">With the
recent ADIA investment, Jio Platforms has raised Rs <b>97,886 crore</b> from
leading global investors including Facebook, Silver Lake, Vista Equity
Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks<b>.</b></span></div>
<div style="background: white; line-height: normal; margin-top: 0cm;">
<span style="font-family: "times" , "times new roman" , serif;"><b><br /></b></span><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif; font-size: small;"><b><o:p></o:p></b></span></span>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184; width: 447px;">
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<tr style="height: 15.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td colspan="3" nowrap="" style="background: #B4C6E7; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 335.0pt;" valign="bottom" width="447"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">How
Reliance Industries Plans To Become Debt Free<o:p></o:p></span></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 1;">
<td nowrap="" style="background: #B4C6E7; border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Name
Of The Investor<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="background: #B4C6E7; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">%
stake<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="background: #B4C6E7; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Amt
(Rs crore)<o:p></o:p></span></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Facebook<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">9.99<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>43,574.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">KKR<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">2.32<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>11,367.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Silver Lake Partners<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">1.15<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>5,655.75 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Silver Lake Partners<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">0.93<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>4,546.80 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Vista Equity Partners<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">2.32<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>11,367.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">General Atlantic Partners<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">1.34<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>6,598.38 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Mubadala Investment Co<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">1.85<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>9,093.60 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Abu Dhabi Investment Authority<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">1.16<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>5,683.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 10;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Total Stake Sale In Rel Jio<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">21.06<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>97,885.53 <o:p></o:p></span></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 11;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Stake Sale In Fuel Retailing Unit<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>7,000.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 12;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Rights Issue (Rs 53125 cr)<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;">
</span>13,281.25 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 13;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Cash Profit Generation FY21 - Exp<o:p></o:p></span></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;"> </span>53,000.00 <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 14;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Total Amount To Be Generated<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;">
</span>1,71,166.78 <o:p></o:p></span></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 15; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 199.0pt;" valign="bottom" width="265"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Net Debt Of RIL 31.03.2020<o:p></o:p></span></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 47.8pt;" valign="bottom" width="64"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 88.2pt;" valign="bottom" width="118"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;"><span style="mso-spacerun: yes;">
</span>1,61,843.00 <o:p></o:p></span></span></b></div>
</td>
</tr>
</tbody></table>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span><span style="font-family: "times" , "times new roman" , serif; font-size: small;"><b>The pursuit of 5G: Reliance Jio's
‘AatmaNirbhar’ self-dependent plan</b></span><o:p><span style="font-family: "times" , "times new roman" , serif; font-size: small;"> </span></o:p><span style="font-family: "times" , "times new roman" , serif; font-size: small;">Launch of 5G-enabled
technologies will unlock various disruptive new technologies; Reliance Jio has
been making all-out efforts to step-up its 5G game in India. Reliance Jio <span style="background: white;">has sought the
government's permission to undertake </span>5G<span style="background: white;"> trials in
India using its own technology and design. With this, Jio has emerged as the
first Indian telecom major to seek 5G trials based on self-designed technology.</span></span></div>
<div style="background: white; line-height: normal; margin-top: 0cm;">
<span style="font-family: "times" , "times new roman" , serif; font-size: small;"><span style="background: white; color: #3d4239;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="font-family: "times" , "times new roman" , serif;"><span style="background: white;">Apart from Reliance Jio, three global telecom service
providers, </span>Huawei Technologies<span style="background: white;">, Ericsson, and Nokia Networks, are also vying to cash in on
India's 5G plan. <b>If trials are successful, this will also end Reliance Jio's
dependence on </b></span><b>Samsung<span style="background: white;">, which was earlier its sole equipment supplier for 4G technology.</span></b><span style="background: white;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<b><span style="background: white;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></b></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="background: white;"><span style="font-family: "times" , "times new roman" , serif;">The development comes amid Reliance Jio's long-drawn plan to
solidify its design and technology base in the country. <b>From Rancore
Technologies to US-based Radisys -- Reliance Jio has been making all-out
efforts to step-up its 5G game in India.</b><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="background: white;"><b><span style="font-family: "times" , "times new roman" , serif;"><br /></span></b></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="font-family: "times" , "times new roman" , serif;"><span style="background: white;">The launch of </span>5G-enabled<span style="background: white;"> technologies is expected to be
transformative in the telco and other industries by unlocking various
disruptive new technologies. Global investment in the 5G industrial chain over
2020-2035 is likely to reach $3.5 trillion.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="background: white;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="font-family: "times" , "times new roman" , serif;"><span style="background: white;">On the 5G front, the biggest roadblock for Jio, or for that
matter any operator, is going to be steep spectrum prices. The base price of
the 5G spectrum (in 3,300 megahertz to 3,600 megahertz band) is highest in
India. At TRAI's recommended reserve price of Rs 492 crore per MHz, operators
will have to pay around Rs 50,000 crore for 100 MHz pan-India spectrum - that's the minimum spectrum required to deliver 5G services
(in sub-6000 MHz bands) as per global body ITU. The government has also said
that it's not planning to reduce the base price for the 5G spectrum.</span><o:p></o:p></span></div>
<br />
<br />
<div>
<b><i>Latin Manharlal Sec. Pvt. Ltd.</i></b><br />
<b><i>Image & Data Source: Google</i></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0Mumbai, Maharashtra, India19.0759837 72.877655918.5957917 72.232208899999989 19.556175699999997 73.5231029tag:blogger.com,1999:blog-7902759467157027171.post-81534064351109035552020-02-26T22:00:00.000-08:002020-02-26T22:00:20.959-08:00Several Ways Coronavirus Will Impact Retail – From Luxury to Chinese Shopping Tourism<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;">The
<b>coronavirus</b> disease 2019 (COVID-19) - an epidemic that could become a global
pandemic - emerged in a densely populated manufacturing and transport hub in
central China and has since spread to 29 other countries and regions carried
along by Chinese New Year and international travel.<o:p></o:p></span></span></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;">In
contrast to the Western Africa Ebola emergency of 2013-2016 – more deadly but
less contagious, arguably more isolated, and eventually contained in part by
richer countries putting money into Africa – COVID-19 presents larger, more
interdependent economies with management dilemmas. It has also surfaced at a
time of eroding trust within and between countries – with national
leadership under pressure from growing societal unrest and economic
confrontations between major powers.</span></span></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJJh3Sqp8XG0_NE3Gu2kxZPR9lG0QiMOURTGeJxn-xHYz9fxqELqKaSgQ-gfNO1VIhG28AvXQ19pxcip-fXpTIduBVI1gDdHtmwKXS73o4CnTz8PyX-Nxey_ZLILUSw7_MjE0oX6PlGqSB/s1600/1d48b134-4128-11ea-bdb5-169ba7be433d.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="600" data-original-width="1067" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJJh3Sqp8XG0_NE3Gu2kxZPR9lG0QiMOURTGeJxn-xHYz9fxqELqKaSgQ-gfNO1VIhG28AvXQ19pxcip-fXpTIduBVI1gDdHtmwKXS73o4CnTz8PyX-Nxey_ZLILUSw7_MjE0oX6PlGqSB/s400/1d48b134-4128-11ea-bdb5-169ba7be433d.jpg" width="400" /></span></a></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></div>
<div style="text-align: left;">
</div>
<br />
<br />
<ul style="text-align: left;">
<li><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #141414;"><span style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="color: #141414;">China’s economic growth expected to slow to 4.5% in the first
quarter of 2020 – the slowest pace since the financial crisis, according to a
Reuters poll of economists.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #141414;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: #141414;">"Global oil demand has been hit hard by the novel
coronavirus," says the International Energy Agency.<o:p></o:p></span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #141414;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: #141414;">Factory shutdowns are slowing the flow of products and parts
from China, affecting companies around the world, including Apple and Nissan.</span></span></li>
</ul>
<br />
<br />
<br />
<!--[if !supportLists]--><div style="text-align: left;">
</div>
<div style="text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b><span style="color: #141414;">Falling oil demand</span></b><b style="mso-bidi-font-weight: normal;"><span style="color: #141414;"><o:p></o:p></span></b></span></div>
<div style="text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #141414;">China
is the world’s biggest oil importer. With coronavirus hitting manufacturing and
travel, the International Energy Agency (IEA) has predicted </span>the
first drop in global oil demand in a decade.</span></div>
<div style="text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: left;">
<b><span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;">Disruption to commerce</span></span></b></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;">The
shortage of products and parts from China is affecting companies around the
world, as factories delayed opening after the Lunar New Year and workers stayed
home to help reduce the spread of the virus.<o:p></o:p></span></span></div>
<div style="text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;">As
China grapples with the coronavirus, the economic damage is mounting around the
world.There are around 70,000 confirmed cases of COVID-19, the new coronavirus
that emerged in Wuhan, China, in December and is spreading around the world.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #141414;">Businesses
are dealing with lost revenue and disrupted supply chains due to China’s
factory shutdowns, tens of millions of people </span><span style="color: windowtext; text-decoration: none;">remaining in lockdown in dozens of
cities</span> <span style="color: #141414;">and other countries extending travel restrictions.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="color: #141414;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;">A
recent commentary speculated that Apple would be the “canary in the
coalmine for the economic impact of Covid-19, the novel coronavirus wreaking
havoc in China and increasingly beyond. While it is true that Apple has a very
strong reliance on Chinese manufacturers for its supply chain, it is still
ultimately a brand manufacturer that has a lot of finished goods in its supply
chain, which can theoretically weather at least the month’s worth of disruption
that we’ve seen so far. And should that disruption extend beyond a month, it
will still take a few more months before most consumers really feel it.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;">Most
luxury brands would be pummeled if they did not have a well-articulated
strategy for how to reach the Chinese market. <b style="mso-bidi-font-weight: normal;">For many, China is not just a source of growth, it is the only source
of growth</b>. <b style="mso-bidi-font-weight: normal;">Upscale Chinese consumers
have a high appreciation for global luxury brands, and perhaps even more-so
than Chinese-native brands serving the middle class, luxury brands coming into
China are feeling the immediate impact of closures and social distancing</b>.
This impact will hit global luxury brands in Q1 2020. A month of lost sales, or
longer, is unlikely to be made up in time to help a quarter, or possibly the
year.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(249, 249, 249);"><span style="font-family: Arial, Helvetica, sans-serif;">Luxury
companies including Burberry, Ralph Lauren, Coach, and Capri Holdings—which
owns Michael Kors, Versace, and Jimmy Choo—have already warned of lost sales
amounting to tens or hundreds of millions of dollars due to the spread of
coronavirus. <b style="mso-bidi-font-weight: normal;">Now a survey of top luxury
executives estimates the total hit to the industry’s sales could reach as high
as €40 billion ($43.4 billion).<o:p></o:p></b></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(249, 249, 249);"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></b></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background: rgb(249, 249, 249);">The
main concern is business in China, where sales are plummeting due to widespread
store closures and shoppers hunkering down in their homes. The survey estimates
as many as 10 million to 15 million products originally destined for China
could go unsold, forcing companies to redirect those items to other parts of
the world<b style="mso-bidi-font-weight: normal;">. Luxe outerwear company
Moncler, for instance, said on a recent earnings call with investors and
analysts that it had frozen shipments to Greater China and sent them instead to
regions such as Europe.</b></span><b style="mso-bidi-font-weight: normal;"><span style="background: rgb(252, 252, 252);"><o:p></o:p></span></b></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(249, 249, 249);"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></b></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;">Just
as luxury retailers have made it a core strategy to penetrate the Chinese
retail market, there are many Chinese brands and sellers that have a core
strategy of selling to Western markets. A good example: Shein, long-time lurker
on Pinterest. The company operates fairly opaquely, with only a few hints that
it is headquartered in China. Their US site offers total business as usual
currently, with recent new blog posts and no mention that operations may be
disrupted by measures protecting against Covid-19. The impact won’t be felt
immediately – most of these companies slow-boat their shipments to Western
markets anyway – but give it a month, and the impact will start to be felt.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;">Cities
like Melbourne, Milan, Mexico City, Munich and Las Vegas all have seen enough
Chinese shopper tourism that retailers there actively advertise their services
and Chinese shopper friendliness. That has undoubtedly come to a screeching
halt in the last month. Most companies can absorb that much impact, but should
the travel restrictions into and out of China continue, the long-term impact of
the lack of Chinese tourist shopping will start to hit home in cities that have
benefitted from the activity in the past.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="background: rgb(252, 252, 252);">Finally, a month of factories sitting idle
means a month less of inventory in the pipeline. For most Western retailers,
this won’t impact the shelves next week, but it could impact inventory any time
over the next month to six months.</span></b><span style="background: rgb(252, 252, 252);">
Should disruptions continue past the current month, Western consumers will
certainly see impact at the shelf as soon as April or May for those retailers
that rely heavily on Chinese imports.<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: rgb(252, 252, 252);"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">Latest Updates<o:p></o:p></span></span></b></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<br /></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">A
viral outbreak that began in China has infected more than 80,000 people
globally. The World Health Organization has named the illness COVID-19,
referring to its origin late last year and the coronavirus that causes it.The
latest figures reported by each government's health authority as of Wednesday
in Beijing:<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<br /></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Mainland China</b>: 2,715 deaths among
78,064 cases, mostly in the central province of Hubei<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Hong Kong</b>: 81 cases, 2 deaths<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Macao</b>: 10 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">South Korea</b>: 1,146 cases, 11 deaths<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Japan</b>: 861 cases, including 691 from
a cruise ship docked in Yokohama, 5 deaths<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Italy</b>: 323 cases, 11 deaths<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Iran</b>: 95 cases, 15 deaths<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Singapore</b>: 91 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Thailand</b>: 40 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">United States</b>: 57 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Taiwan</b>: 31 cases, 1 death<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Australia</b>: 23 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Malaysia</b>: 22<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Bahrain</b>: 26<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Vietnam</b>: 16 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Germany</b>: 17<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">United Arab Emirates</b>: 13 cases<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">United Kingdom</b>: 13<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">France</b>: 14 cases, 1 death<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Canada</b>: 11<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Kuwait</b>: 12<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Iraq</b>: 5<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Philippines</b>: 3 cases, 1 death<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">India</b>: 3<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Spain</b>: 6<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Russia</b>: 2<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Israel</b>: 2<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Oman</b>: 2<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Austria</b>: 2<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Lebanon</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Belgium</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Nepal</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Sri Lanka</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Sweden</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Cambodia</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Finland</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Egypt</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Algeria</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Afghanistan</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b style="mso-bidi-font-weight: normal;">Croatia</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—<b style="mso-bidi-font-weight: normal;"> Switzerland</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;">—
<b>Greece</b>: 1<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="background: white; margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #212121;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div style="text-align: left;">
<b><i><span style="font-family: Arial, Helvetica, sans-serif;">Latin Manharlal Group</span></i></b></div>
<div style="text-align: left;">
<b><i><span style="font-family: Arial, Helvetica, sans-serif;">Image Courtesy: Google</span></i></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-6408949096597609112020-01-30T22:44:00.000-08:002020-01-30T22:44:19.975-08:00Rural Economy – Expectations from the Union Budget<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">More government expenditure: On infrastructure, especially in
rural areas: </span></b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Economists
lay greater emphasis on increasing government investment in <b>capital
expenditure</b> to (a) generate demand in the economy and (b) create a
base for future growth. More investment should be made in rural infrastructure,
including roads, housing, health and education, for both short-term gains and
long-term growth. It is the rural economy that has been hit the hardest in recent
years due to various economic shocks and slowdown.<o:p></o:p></span></div>
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<span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHpTYSbOUlsWPm0C1rGRZvREpcA2ZA5FY8TpOep8CyMqSoFgALzQwQAVJYs_cZznoFKQ4IGgeVQ1PGIsEpQR-E0TCVl1IB5Fqs5TSLqZca32bHqlp7vYzfo0BE4nHWb1Ji-Nlrtq010Wnl/s1600/rural+economy.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="343" data-original-width="457" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHpTYSbOUlsWPm0C1rGRZvREpcA2ZA5FY8TpOep8CyMqSoFgALzQwQAVJYs_cZznoFKQ4IGgeVQ1PGIsEpQR-E0TCVl1IB5Fqs5TSLqZca32bHqlp7vYzfo0BE4nHWb1Ji-Nlrtq010Wnl/s400/rural+economy.jpg" width="400" /></a></div>
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<span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
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<span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
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<b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Higher minimum wages: </span></b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The last time the central government raised the national
minimum wage was in 2019. The <b>hike was by a mere Rs 2 - from Rs 176 to
Rs 178</b> - while an expert committee set up by it to fix a national
floor rate proposed Rs 375 per day (Rs 9,750 per month) as the statutory
minimum, irrespective of sectors, skills, occupations and rural-urban
locations, for a family of 3.6 consumption units, and an additional house rent
allowance of up to Rs 55 per day for urban workers.<o:p></o:p></span></div>
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<span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal;">
<b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Expanding MGNREGS:</span></b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> in addition to raising minimum wages, the allocation for the
MGNREGS should also be increased to provide 100 days of work - raising it from
the current average of about 45 days. Experts also advocate a similar
employment guarantee scheme for the urban poor.<o:p></o:p></span></div>
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<span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal;">
<b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Expanding PM-KISAN scheme to landless agriculture labour: </span></b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The </span><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">PM-KISAN<span style="background: white; color: #3d4239;"> scheme was launched in the 2019-20
budget (in February 2019) for the small and marginal farmers, with
retrospective effect, just ahead of the general elections and was later
expanded to cover big farmers too. It envisages an annual income transfer of Rs
6,000 in three installments.<o:p></o:p></span></span></div>
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<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="background: white; color: #3d4239;"><br /></span></span></div>
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<b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">A Universal Basic Income (UBI) scheme: </span></b><span style="background: white; color: #3d4239; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The concept of a universal basic income (UBI)
was first mooted by the former chief economic adviser </span><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Arvind
Subramanian<span style="background: white; color: #3d4239;"> in his Economic
Survey of 2016-17. The basic premise was: "A just society needs to
guarantee to each individual a minimum income which they can count on, and
which provides the necessary material foundation for a life with access to
basic goods and a life of dignity".</span><o:p></o:p></span></div>
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<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="background: white; color: #3d4239;"><i><b>Latin Manharlal Group</b></i></span></span></div>
<br /></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-48278486217842441332020-01-30T01:05:00.003-08:002020-01-30T01:07:47.821-08:00Auto Sector Budget Preview<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Reduction in
Goods, Service Tax (GST) Rates:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> Topping the expectation list is the
reduction in GST rates from 28% to 18% on vehicles. Apart from reducing the GST
on vehicles, the auto inc is also requesting the government to reduce GST on
auto parts from 28% to 18%.<o:p></o:p></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIMC53Pk_X4qLu90EujvtcwLarvUGEhTlyt0ETVgMvW9rrPYWyP0KI8g7LTWmr6mCP4gbfjamTAxvtvj6LiOYjG0TIjgoNU4iVRv4bqMmqj_qHXYOT_WLwQQn02rLjx2RLth0d9SvlM6Oi/s1600/auto+sector.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="407" data-original-width="754" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIMC53Pk_X4qLu90EujvtcwLarvUGEhTlyt0ETVgMvW9rrPYWyP0KI8g7LTWmr6mCP4gbfjamTAxvtvj6LiOYjG0TIjgoNU4iVRv4bqMmqj_qHXYOT_WLwQQn02rLjx2RLth0d9SvlM6Oi/s400/auto+sector.jpg" width="400" /></a></div>
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<strong style="font-family: Times, "Times New Roman", serif;"><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Scrappage
Policy:</span></strong><span style="background: white; color: #333333; font-family: "times" , "times new roman" , serif; font-size: 12pt; line-height: 115%;"> One of the key demands of auto inc is the
implementation of scrappage policy as it will spur demand without putting any
additional burden on the government exchequer. It will also help remove old vehicles
which are causing major pollution problems. SIAM has urged the Finance Ministry
to consider announcing an incentive-based scrappage policy.</span></div>
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<span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Incentivising
R&D Spend:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> To encourage domestic R&D and testing, it is
important to provide exemption on import duty on auto component prototypes.
Also retaining of a weighted tax deduction on R&D expenditure is critical.<o:p></o:p></span></span></div>
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<span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">MSME
Definition:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> Include Wholesale and Retail Trade and Repair of Motor.
Vehicles and Motorcycles in the MSMED Act. The subsidies and incentives
received under the MSME division will provide much-needed relief to automobile
Dealerships which provide 25 lakh direct employment to people near their homes
without displacing them.<o:p></o:p></span></span></div>
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<span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Reduce GST on
EVs and custom duty on lithium-ion batteries:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> From the
Electric Vehicles sector point of view, the previous budget announced was
positive for the electric vehicle industry. Players in the electric vehicle
space are expecting to see further reforms, incentives, and infrastructure that
will drive EV consumption in India.<o:p></o:p></span></span></div>
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<span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Technology
Development & Acquisition Fund:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> To face headwinds of changing vehicle
norms and to match international standards, a fund needs to be created for
supporting R&D and indigenous technology development, especially in light
of the technological disruptions in the automotive industry, is witnessing.<o:p></o:p></span></span></div>
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<span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">Reduction in
GST Rates for Used Cars To 5%:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> The used car business occupies 1.4 times
the size of the new car market, accounting for 5-5.5 million cars per annum
with a turnover of over Rs. 1.75 Trillion. According to the Federation of
Automobile Dealers Association (FADA), authorized dealers account for only
10-15% of this trade, which is also the organized sector thus paying taxes.<o:p></o:p></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><strong><span style="background: white; border: 1pt none; color: #333333; font-size: 12pt; line-height: 115%; padding: 0in;">GST Refunds
and Repayments process:</span></strong><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"> Huge funds of the corporate sector are
blocked in tax refunds such as GST refunds, or pre-GST CENVAT credit, or
earlier sales tax regime.</span></span><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><o:p></o:p></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><span style="background: white; color: #333333; font-size: 12.0pt; line-height: 115%;"><b><i>Latin Manharlal Group</i></b></span></span></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-51553506518621285412020-01-29T22:13:00.000-08:002020-01-29T22:14:47.801-08:00Cement Sector – Budget Expectations<div dir="ltr" style="text-align: left;" trbidi="on">
<b style="background-color: white; color: #333333; font-family: times, "times new roman", serif;">Here’s an overview of the Cement sector and its wishlist for
Union Budget FY2020-21.</b><br />
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<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4R0TvZ2WiG4Jlj1L7dGG1pFB3yjEdgmnZWfO-Oi_vLb7zkDJWTA774EIe9OZiIjlncfsMFRvzzow8gaLxzT5pRZZ2tHANEaxT7NuR-sRuVe85sDYMNa9Qcn7GJUbvMYkl1PslLOnRqz9F/s1600/cement.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="161" data-original-width="313" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4R0TvZ2WiG4Jlj1L7dGG1pFB3yjEdgmnZWfO-Oi_vLb7zkDJWTA774EIe9OZiIjlncfsMFRvzzow8gaLxzT5pRZZ2tHANEaxT7NuR-sRuVe85sDYMNa9Qcn7GJUbvMYkl1PslLOnRqz9F/s400/cement.jpg" width="400" /></a></div>
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<span style="color: #333333; font-family: "times" , "times new roman" , serif;">India is not just the second largest manufacturer of cement
world over, but also the second largest consumer of it. This certainly makes
the sector crucial for the India growth story. Its growth is derived from the
housing sector’s growth and the sector is also an indirect beneficiary of the
government public spending on infrastructure. While the government has been
consistently working to revive the realty (housing) and infrastructure sectors
– it has not yielded much returns till date. This is despite an increase in the
budget allocation for infrastructure projects and Pradhan Mantri Aawas Yojana
(PMAY). With the Housing for All target by 2022 coming closer, growth in the
sector is yet to pick up pace. And, this background brings with it a wishlist
for the Union Budget FY2020-21.</span></div>
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<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">With government efforts yet to get materialised, some earlier
indicators of growth are visible for the cement sector. <b style="mso-bidi-font-weight: normal;">Some revival visible in public infrastructure has resulted in some
green shoots and this is likely to boost cement demand growth for FY2021 to
6-7% against 1-2% for FY20.<o:p></o:p></b></span></span></div>
<div style="background: white; margin: 0in 0in 6.9pt; text-align: left;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">As stated earlier, the cement sector is an indirect beneficiary
of higher government spending and any measures in the budget to improve the
spending augurs well for the sector. However, a mere increase in budgetary
allocation for the road and railway sector is not enough to boost cement
consumption. Prior experience suggests that the government, despite allocating
higher budgetary resources, has cut the spending to accommodate the fiscal
deficit math. As a result, going by industry expectations – what will
sustainably lead to higher cement consumption is higher private sector participation
along with improved terms under the BOT model.<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 6.9pt; text-align: left;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">The industry also expects that various measures already taken
for the real estate sector are likely to benefit cement consumption. But this
needs to be monitored consistently. <b style="mso-bidi-font-weight: normal;">Broadly,
cement manufacturers expect around 10-15% increase in budgetary allocation for
key ministries such as roads and railways.</b> However, cement players opine
that the overall spending might be higher as these ministries have resorted to
higher borrowings (EBR) to support its CAPEX programme.<o:p></o:p></span></span></div>
<div style="background: white; margin: 0in 0in 6.9pt; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">Also,
an increase in budgetary support to the transport ministry and NHAI is expected
to Rs 940 billion and Rs 450 billion, respectively.<o:p></o:p></span></span></b></div>
<div style="background: white; margin: 0in 0in 6.9pt; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">At
present, customs duty on packaging for use in bagging cement is 10% and the
industry is expecting reduction in customs duty to 5%.</span></span></b><span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">
This will help the cement companies benefit from lower packaging cost aiding in
improvement in operating margins.</span><span style="font-family: "calibri" , sans-serif;"><o:p></o:p></span></span></div>
<b><i>Latin Manharlal Group</i></b></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-12787241556260183482020-01-28T22:14:00.000-08:002020-01-28T22:14:07.606-08:00Budget 2020: Infrastructure Boost<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfik_aSFd5LIgJh5HXbv8I0945qKoLgBS4blNzShortkgqQrg-7IOiiOcCVNpvkV91wAqaLoXhVq3aw4dmKNh3lU5lZqikLIzPglyFztMdwBwBURG1HsalmSeaMxoT7aVXfK8HIQUthuY4/s1600/Infrastructure.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="183" data-original-width="275" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfik_aSFd5LIgJh5HXbv8I0945qKoLgBS4blNzShortkgqQrg-7IOiiOcCVNpvkV91wAqaLoXhVq3aw4dmKNh3lU5lZqikLIzPglyFztMdwBwBURG1HsalmSeaMxoT7aVXfK8HIQUthuY4/s400/Infrastructure.jpg" width="400" /></a></div>
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<li><span style="color: #2e2e2e; font-family: Symbol; font-size: 12pt; text-indent: -0.25in;"><span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="color: #2e2e2e; text-indent: -0.25in;"><span style="font-family: Verdana, sans-serif;">Ms Sitharaman is expected to announce a plan in the budget to
invest Rs 105 lakh crore in infrastructure over the next five years. By then it
hopes to make India a $5 trillion economy, compared with $2.8 trillion now, government
sources have said.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="color: #2e2e2e;">To boost domestic manufacturing, the budget is also expected to
increase import duties on more than 50 items, including electronics, electrical
goods, chemicals and handicrafts, targeting about $56 billion worth of imports
from China and elsewhere.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: black;">The infrastructure
companies sought finance from the Centre for affordable housing and real estate
sectors. They claimed that any funds allocated to these sectors in the upcoming
Budget 2020 would spur the consumption of cement and steel.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="background: white; color: black; letter-spacing: 0.3pt;">Increase in allocation towards schemes such as Pradhan Mantri
Gram Sadak Yojana (PMGSY), Pradhan Mantri Awas Yojana – Gramin and Atal
Mission for Rejuvenation and Urban Transformation (AMRUT) will be positive for
the infrastructure sector (Roads, Cement; etc.)</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="background: white; color: black; letter-spacing: 0.3pt;">Increasing allocation to defence shall also boost order books
of the infrastructure and capital goods companies. Moreover, the increase in
allocations towards large infrastructure projects such as bullet trains,
Bharatamala, Sagarmala, Smart Cities, Inland Waterways development, etc will be
positive for the infrastructure players.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: black;">In Budget 2020, the
central government should release stuck up funds which were meant for
infrastructure sectors to bring back ‘buoyancy’ in the economy, the infra players
told FM Sitharaman.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: black;">Terming the cross-subsidy
and transmission charges as deterrents, infra players said that these have been
making renewable energy more expensive than thermal power. They suggested that
in Budget 2020, the central government should provide exemptions so that cement
and other core sectors can play a pivotal part in boosting renewable energy.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: black;">The centre should also
provide exemptions from cross-subsidy as well as transmission charges for clean
energy units to be set up beyond factory boundaries.</span></span></li>
</ul>
<ul style="text-align: left;">
<li><span style="color: #2e2e2e; font-family: Verdana, sans-serif; text-indent: -0.25in;"><span style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="font-family: Verdana, sans-serif; text-indent: -0.25in;">The cement players have
asserted that they can even set up 12GW to 15 GW of renewable energy projects
provided there is a positive ambience in the country.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Verdana, sans-serif;"><span style="color: #2e2e2e;"><span style="mso-list: Ignore;"><span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><!--[endif]--><span style="color: black;">Infra players have also
recommended that the centre must further fine-tune the Income Tax Act, duties
and lending rates.</span></span></li>
</ul>
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Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-56857961464939861892020-01-27T22:44:00.003-08:002020-01-27T22:44:35.294-08:00Real Estate Wishlist for Forthcoming Budget 2020-21<div dir="ltr" style="text-align: left;" trbidi="on">
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</span></span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">A fiscal stimulus
to the real estate sector will have manifold affect on 269 allied industries.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsDOVvubue_Xhr6ZyaA_XPwUy3-UfJAZNzx5Bl4bxR54nWZSGHwwJObzUnMZ5hGG6JYXDZW0jvbYk83bm2wQm1pkzPmAPtN2UASGwMvFLHbl0d_BCxa0W1sfLVN5567NWkXcWR3q3T8nIL/s1600/1521107764-1513428273-1476338197-Jindal_real_estate.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="450" data-original-width="600" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsDOVvubue_Xhr6ZyaA_XPwUy3-UfJAZNzx5Bl4bxR54nWZSGHwwJObzUnMZ5hGG6JYXDZW0jvbYk83bm2wQm1pkzPmAPtN2UASGwMvFLHbl0d_BCxa0W1sfLVN5567NWkXcWR3q3T8nIL/s400/1521107764-1513428273-1476338197-Jindal_real_estate.jpg" width="400" /></a></div>
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<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
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<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; margin-bottom: 13.85pt; margin-left: .5in; margin-right: 0in; margin-top: 20.75pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-outline-level: 2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">Liquidity issue,
Industry status, Extension of the Sunset Clause of SEZ and restructuring of
realty sector loans amongst other policy changes, the real estate leaders list
down their expectations that can help boost the real estate sector.</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
industry has been demanding a restructuring of loans or a one-time roll-over in
case of the stressed assets at the options of banks.</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><strong><span style="background: white; color: #222222; font-family: "Calibri","sans-serif"; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
sector needs a one-time subvention scheme and restructuring of realty sector
loans</span></strong><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<!--[if !supportLists]--><strong><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; font-weight: normal; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="background: white; color: #222222; font-family: "Calibri","sans-serif"; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
sector has long been demanding a single window clearance mechanism</span></strong><strong><span style="color: #222222; font-family: "Calibri","sans-serif"; font-size: 12.0pt; font-weight: normal; letter-spacing: -.25pt; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></strong></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; margin-bottom: 13.85pt; margin-left: .5in; margin-right: 0in; margin-top: 20.75pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-outline-level: 2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
government had introduced a sunset clause for SEZs in 2016. According to the
clause, only an SEZ unit that commences operations on or before March 31, 2020,
shall be eligible for an income tax holiday. Considering the challenges faced
by the real estate sector in the last couple of years, there is a need for the
government to extend the date and provide the required relief to SEZ units and
developers</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
government needs to push the well-capitalized NBFC’s to extend liquidity to the
sector and look at a resolution mechanism for the stressed NBFC’s and banks to
enable seamless credit flow for developers and homebuyers.</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; margin-bottom: 13.85pt; margin-left: .5in; margin-right: 0in; margin-top: 20.75pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-outline-level: 2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
additional tax benefit for home loan interest announced in the previous budget
now takes the tally to 3.5 lacs (Section 24 (b) & 80 EEA) for homes worth
45 lacs circle value. The same needs to be extended for homes costing upto Rs.1
crore to benefit the middle-class families residing in Metro cities</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background: white; line-height: normal; margin-bottom: 13.85pt; margin-left: .5in; margin-right: 0in; margin-top: 20.75pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-outline-level: 2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
additional income tax benefit for home loan interest which was announced for
home loans sanctioned between Apr 19 – Mar 20 needs to be extended for a
minimum of 3 more years.</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="background: white; line-height: normal; margin-bottom: 13.85pt; margin-left: .5in; margin-right: 0in; margin-top: 20.75pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-outline-level: 2; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #222222; font-family: Symbol; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="background: white; color: #222222; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">he
period of exemption from levy of tax on notional rent, on unsold inventories,
needs to be extended to 3 years from 2 after receiving the Occupation
Certificate. This is keeping in mind the slow reduction in unsold inventory
levels and lackluster demand for real estate assets.</span><span style="color: #222222; font-size: 12.0pt; letter-spacing: -.25pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<b><i>Latin Manharlal Group</i></b></div>
<br /></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-70055084491870637632019-11-19T00:59:00.001-08:002019-11-20T21:53:19.649-08:00Importance of Asset Allocation<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times, Times New Roman, serif;">Market participants have seen
extreme volatility in Indian capital markets. There have been many incidents
both global and domestic which have led to a fall in the indices. At this
point, we are facing a Nationwide Contagion Effect.</span></div>
</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggb3k5UO09uKZFv-52SStwejPVWs0Ym6e0U3gHpET9smPomatxKbcLkydpUgk0YJdcqHexgnDeXAS8VU2i2gZCGR9ZBmbTlcqHBpgOdw3h-Z7OHiWXgtlv_FOi1GVcuiWMyetROdqoNQ3O/s1600/1_o395IRpe7FhqcxpNc4qQyA.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="420" data-original-width="640" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggb3k5UO09uKZFv-52SStwejPVWs0Ym6e0U3gHpET9smPomatxKbcLkydpUgk0YJdcqHexgnDeXAS8VU2i2gZCGR9ZBmbTlcqHBpgOdw3h-Z7OHiWXgtlv_FOi1GVcuiWMyetROdqoNQ3O/s400/1_o395IRpe7FhqcxpNc4qQyA.jpeg" width="400" /></a></div>
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<span style="font-family: "times" , "times new roman" , serif;">Some of the factors contributing
to the market turbulence are as follows</span></div>
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<ul style="text-align: left;">
<li><span style="font-family: "times" , "times new roman" , serif;">US-China Trade War </span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: "times" , "times new roman" , serif;">NBFC Crisis following the
IL&FS fiasco in domestic market</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: "times" , "times new roman" , serif;">Prolonged slowdown in critical
sectors of the economy like Auto and Realty</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: "times" , "times new roman" , serif;">Asset quality issues, NPA’s which
haunt Public Sector Banks</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: "times" , "times new roman" , serif;">Corporate governance issues, Audit
failures and credit rating agencies failure to red flag critical issues</span></li>
</ul>
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<span style="font-family: Times, Times New Roman, serif;"><span style="font-family: Times, Times New Roman, serif;">In this era of VUCA – Volatility,
Uncertainty, Complexity and Ambiguity, our main focus is on risk mitigation and
protection of principal. Return Of Capital rather than Return On Capital is the
underlying motive. We will be exposed to Market Risk at all times, however
Individual Company Risk can be Mitigated by Diversification & Asset
Allocation.</span><span style="font-family: times, times new roman, serif;"><o:p></o:p></span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">The two main traditional assets
are Debt and Equity. The asset classes are evaluated with respect to liquidity,
safety, yield, image, appreciation and growth. Equity asset class is high risk
high reward where there is possibility of high appreciation. In the case of
debt returns are stable and tend to be lower with high degree of safety<o:p></o:p></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">A proper Asset Allocation based on
the clients Risk profile is the most suitable and apt method.<o:p></o:p></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">Our Aim is to allocate risk to
different Instruments / Assets.<o:p></o:p></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">Based on our research, The
following Data shows us how diversification and Strategic Asset Allocation
would have benefited the client. (All data shown below are as on 30 October 2019)</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMclgnKzdjotV63weiugB-UaLolXuiHb0mtx_XOGFQ0cwZYsy8xviccNEnbb-Nqyzisj9A3Rnmkl4ZZl3PMQ2BbRYdHpVfCCU-_l9mNlNl6ug-VzxgvSrBZPWP4oIK2hB15Fwqtp6_N0fp/s1600/picture+1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="114" data-original-width="659" height="67" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMclgnKzdjotV63weiugB-UaLolXuiHb0mtx_XOGFQ0cwZYsy8xviccNEnbb-Nqyzisj9A3Rnmkl4ZZl3PMQ2BbRYdHpVfCCU-_l9mNlNl6ug-VzxgvSrBZPWP4oIK2hB15Fwqtp6_N0fp/s400/picture+1.png" width="400" /></a></div>
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<br /></div>
<div style="text-align: left;">
<span style="font-family: Times, Times New Roman, serif;">Market
has shown a positive trend in the recent Months. There have been many positive
aspects as well like Reduction in tax rates for Corporate Firms (22% for
Domestic Companies & 15% for new manufacturing companies).The central bank
cut the repo rate by 25 bps to 5.15% and
the reverse repo by 25 bps to 4.90% (100 bps = 1 per cent).</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiliModVCHKdIJXyCs-luQ0GazUyWdDSNHwn2Ncq-RtnSraswrbuzUplXFUo7FzOBw30cRu-mRKXf0Be06dTd2Z7m354BFTDqJjESNtXp9M7JAW-eMLUi8GpzOZhVwVK25zLOTXWy6XDq3m/s1600/picture+2.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="113" data-original-width="749" height="60" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiliModVCHKdIJXyCs-luQ0GazUyWdDSNHwn2Ncq-RtnSraswrbuzUplXFUo7FzOBw30cRu-mRKXf0Be06dTd2Z7m354BFTDqJjESNtXp9M7JAW-eMLUi8GpzOZhVwVK25zLOTXWy6XDq3m/s400/picture+2.png" width="400" /></a></div>
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<div class="MsoNormal" style="text-align: left;">
<span style="font-family: "times" , "times new roman" , serif;">Based
on this Allocation, the Investor has managed to diversify his risk to different
categories of Asset Classes. There is equal Allocation to each Asset Class. </span><span style="font-family: "calibri" , sans-serif;"><o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK7Ke-i4mtD8_lVd4sKxEwU9f08HgiVKfEL2WOWcpS3x1eV5nI1ePrdgD8qqU9Z6619ERhV5nC0US1RAKtlfpf43M46UeGGLdAtOa7mutPXSaqP2pf1M14uhj2EWW-QMBc5cShrn6312ws/s1600/picture+3.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="115" data-original-width="750" height="60" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK7Ke-i4mtD8_lVd4sKxEwU9f08HgiVKfEL2WOWcpS3x1eV5nI1ePrdgD8qqU9Z6619ERhV5nC0US1RAKtlfpf43M46UeGGLdAtOa7mutPXSaqP2pf1M14uhj2EWW-QMBc5cShrn6312ws/s400/picture+3.png" width="400" /></a></div>
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<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "times" , "times new roman" , serif;">Based
on this Allocation, The investor has been aggressive and is willing to
withstand the Risk of Market Volatility. He has been able to generate Positive
returns in all Periods.</span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF-0vlQ2YtRta0jT0LhumUT87skEO3WBcsbYFtesd_zSMPd9NCvf8LzLJTvj8TeTIItLmzPJviS7lYbZwDkdlKsS3COTYGh9j04pKImMKOjrPvKQIa_5VpMNBjBKYHJ3vuJUKMR8b3fU-9/s1600/picture+4.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="115" data-original-width="748" height="61" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF-0vlQ2YtRta0jT0LhumUT87skEO3WBcsbYFtesd_zSMPd9NCvf8LzLJTvj8TeTIItLmzPJviS7lYbZwDkdlKsS3COTYGh9j04pKImMKOjrPvKQIa_5VpMNBjBKYHJ3vuJUKMR8b3fU-9/s400/picture+4.png" width="400" /></a></div>
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<span style="font-family: Times, Times New Roman, serif;">Gold
acts as a Hedge during Uncertain events. Gold has a negative Correlation with
the traditional Asset Classes (Debt & Equity).The demand
for gold increases during inflationary times due to its inherent
value and limited supply</span><span style="background: white; color: #222222;"><span style="font-family: Times, Times New Roman, serif;">. </span><span style="font-family: "calibri" , sans-serif;"><o:p></o:p></span></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR1y86OBpTwT2JItyWleU_LCuGf9gktNcou51hFBId3DfST5upSWmVOXSfl_C9RZ-5WVnXttotABRhBCuu6nFcdlJpq0ijRgyNM1ScDHJKe_10ZnWNo-WfucNl1nOWWVA0ApW0dbKZLb_u/s1600/picture+5.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="114" data-original-width="748" height="60" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR1y86OBpTwT2JItyWleU_LCuGf9gktNcou51hFBId3DfST5upSWmVOXSfl_C9RZ-5WVnXttotABRhBCuu6nFcdlJpq0ijRgyNM1ScDHJKe_10ZnWNo-WfucNl1nOWWVA0ApW0dbKZLb_u/s400/picture+5.png" width="400" /></a></div>
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<div class="MsoNormal" style="text-align: left;">
<span style="font-family: Times, Times New Roman, serif;">Increased
Allocation towards Debt helps the Investor earn Stable Return as compared to
Equity & Gold. Returns maybe lower due to lower Returns.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: Times, Times New Roman, serif;"><span style="font-family: Times, Times New Roman, serif;">Conclusion:
Asset Allocation is Important for every Individual. Market Risk & Business
Risk is something which every Investor goes through. Thus our main aim is
Capital Protection and Risk Aversion. During Volatile Periods like now, we fear
about Capital Erosion. Thus a hedge can be done via investing in different
Asset Classes with low Correlation with each Other.</span><span style="font-family: times, times new roman, serif;"><o:p></o:p></span></span></b></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "calibri" , "sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></b></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "calibri" , "sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><i>Latin Manharlal Group</i></span></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-40486447565311973082019-11-13T01:39:00.000-08:002019-11-13T01:39:53.230-08:00Sweet Smell of Success in Floriculture<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 16.2pt; text-align: left; vertical-align: baseline;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">With the domestic demand for flowers growing at 25% annually and
offshore demand rising as fast, theres a great need for qualified individuals
in this high potential agri-industry. It could be roses all the way for youth who opt for careers in floriculture.
Incrementally people — especially within Indias expanding middle class — are
saying what they have to say with flowers on birthdays, anniversaries,
Valentines Day, Mothers Day etc. Little wonder, the floriculture industry, one
of the most high-potential sectors in Indian agriculture, is in full bloom.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 16.2pt; text-align: left; vertical-align: baseline;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">Floriculture, the art and knowledge of growing flora or flowers,
is no longer the preferred hobby of retirees; its a fast growing sunrise
industry. With the domestic demand for flowers of all shapes and hues growing
at 25% annually and offshore demand rising as fast, even the somnolent
government of India has woken up and accorded the floriculture industry 100
percent export-oriented status to help develop the country into an
international hub of flower production, auction, distribution, and retailing.</span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5Q2tunXZaTFbKBSeGM-03YElEMY4lZ1Dfs-cxZOPvQpQ-xKqTIZms1G61p9vTaGgdSJ_W1u43l2NYPELJxwT12u8B5OvSGJO_EeJmTcmLxsKZfVT7DfXcLcGx6_MZizew9VmDXlWSIGIQ/s1600/main-qimg-ac65615b070437abe769c306da88b990.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="339" data-original-width="602" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5Q2tunXZaTFbKBSeGM-03YElEMY4lZ1Dfs-cxZOPvQpQ-xKqTIZms1G61p9vTaGgdSJ_W1u43l2NYPELJxwT12u8B5OvSGJO_EeJmTcmLxsKZfVT7DfXcLcGx6_MZizew9VmDXlWSIGIQ/s400/main-qimg-ac65615b070437abe769c306da88b990.jpg" width="400" /></a></div>
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<span style="color: #333333; font-family: "times" , "times new roman" , serif;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 16.2pt; text-align: left; vertical-align: baseline;">
<span style="color: #333333; font-family: "times" , "times new roman" , serif;">However, despite being blessed with a facilitating agro-climatic
profile, vast land resources, and availability of abundant labour and
agricultural scientists, Indias share of the global floriculture market is a
negligible 0.19%. But with several brave entrepreneurs establishing
export-oriented floriculture units under controlled climatic (i.e greenhouse)
conditions, India is slowly but surely making an impact in the international
floriculture market centred in Netherlands.</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 16.2pt; text-align: left; vertical-align: baseline;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">Currently the states of Maharashtra, Karnataka, Andhra Pradesh,
and Haryana are in the vanguard, with Kerala producing cut flowers and
ornamental plants for domestic consumption. Fortuitously, India hosts many
exclusive varieties of ornamental flowers, usually exported in the form of
seeds or capsules. Roses, marigolds, chrysanthemum, and jasmine are among the
popular varieties and about 10,000 hectares of total cultivated area in the
country is devoted to growing them.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 16.2pt; text-align: left; vertical-align: baseline;">
<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">MARIGOLD BLOOMS. A typical example of a successful new genre of
floriculturist is Megha Borse, a pioneer woman entrepreneur who has transformed
her five-acre farm on the Nasik-Indore road into an export-oriented
floriculture unit. Known as the ‘flower power woman of Nasik, Borses farm —
Sheelman Flora — which blooms with marigolds the year round, attracts hundreds
of visitors from around the country.<o:p></o:p></span></span></div>
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<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">In 2004, there were only 10 flora farms in Nasik. Since then,
10–15 are being promoted every year.<span style="mso-spacerun: yes;"> </span>Farmers
here are being motivated to grow flowers on part of their land and have
promised to take charge of marketing their produce.<o:p></o:p></span></span></div>
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<span style="color: #333333;"><span style="font-family: "times" , "times new roman" , serif;">Starting with a 1,008 sq mt poly-house in 2004 with an
investment of Rs.10 lakh, Borse now has three greenhouses yielding 600,000
flowers per year and has acquired the reputation of a knowledgeable
floriculture consultant. Borse also represents Maharashtra in an apex committee
constituted by the Union ministry of agriculture, and with the floriculture
industry all set to bloom, she believes theres growing demand for qualified
individuals in this high-potential agri-industry. This is one of the best
career options for graduates who dont necessarily have to be highly qualified
horticulturists to enter this field. Practical experience of a greenhouse and
enthusiasm for the subject is good enough for starters. The Horticultural
Training Centre near Talegaon set up with Dutch collaboration imparts an
excellent five-day training programme in greenhouse management. If several such
training centres are provided, establishing floriculture units will become much
easier. That is one way to enjoy the sweet smell of success.<o:p></o:p></span></span></div>
<div style="text-align: left;">
<span style="font-family: "times" , "times new roman" , serif;"><b><i>Image Courtesy: Google</i></b></span></div>
<div style="text-align: left;">
<span style="font-family: "times" , "times new roman" , serif;"><b><i><br /></i></b><b><i>Latin Manharlal Group</i></b></span></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-18013241681590029342019-06-03T23:15:00.001-07:002019-06-03T23:19:29.786-07:00Story of Taneira - A Tata Product<div dir="ltr" style="text-align: left;" trbidi="on">
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<b style="mso-bidi-font-weight: normal;"><i><span style="background: white; color: #333333; font-family: Times, Times New Roman, serif;">Taneira, the youngest brand of Titan Company Limited was conceived during internal crowdsourcing of ideas around 2015. Multiple teams suggested sarees as a product
category and rigorous rounds of evaluation finally resulted in sarees as the
winner for a pilot project. Sarees was a natural extension of Titan's value
proposition: design-led lifestyle brands that enable self-expression - Titan,
Tanishq, Raga, Fastrack among others and now Taneira.<o:p></o:p></span></i></b></div>
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<b style="mso-bidi-font-weight: normal;"><i><span style="background: white; color: #333333; font-family: Times, Times New Roman, serif;"><br /></span></i></b></div>
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<span style="font-family: Times, Times New Roman, serif;"><b style="mso-bidi-font-weight: normal;"><i><span style="background: white; color: #333333;">Derived
from the word 'tan' meaning body and 'Eira', the Sanskrit name for Goddess
Saraswathi (Patron God of art, music, craft, and knowledge) and meaning 'earth'
in Greek, Taneira aims to provide the rooted yet progressive Indian woman with
exclusive design, diverse workmanship, the authenticity of handcraft, pure and
natural fibers: the best of India under one roof</span><span style="background: white; color: #333333;">.</span></i></b><b style="mso-bidi-font-weight: normal;"><i><span style="background: white; color: #333333;"><o:p></o:p></span></i></b></span></div>
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<b style="mso-bidi-font-weight: normal;"><i><span style="background: white; color: #333333; font-family: Times, Times New Roman, serif;"><br /></span></i></b></div>
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<span style="background: white; color: #464646; font-family: Times, Times New Roman, serif;">There's something about Titan Company that refuses to let it
rest on retail laurels secured. The urge to expand into and explore new terrain,
with due diligence and without undue complications, typifies an enterprise that
has established its presence in watches, jewelry, accessories, and eyewear.
Titan has now made time to take a taste of the ethnic-wear business. <o:p></o:p></span></div>
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<span class="saltpara"><span style="color: #464646; font-family: Times, Times New Roman, serif; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Tapping into India’s rich traditions in ethnic weaves and
clothes appears to be a natural progression for Titan. It is the basis for its
latest venture, Taneira, which is all about garments sourced from the
cultural heartlands of the country. The jewel in this collection is the
saree—that enduring and exquisite icon of grace and elegance.<o:p></o:p></span></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="background: white; color: #212121;">Titan is looking to turn the largely unorganized saree
business into an organized one by catering to the mid-premium to the premium segment
of the market with a starting price of <span class="webrupee">Rs </span>2,000,
which can go up to <span class="webrupee">Rs </span>2 lakh.</span></i></b><span style="background: white; color: #212121;"> The brand competes with organized saree retail
chains such as Nalli Silk as well as Meena Bazaar. <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Sarees—as a category—is exciting
but equally challenging because it is stock keeping unit (SKU) intensive,
assortment sensitive and has design complexity.</i></b></span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><o:p></o:p></i></b></span></div>
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<span style="background: white; color: #212121; font-family: Times, Times New Roman, serif;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><br /></i></b></span></div>
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<span class="saltpara"><span style="color: #464646; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="font-family: Times, Times New Roman, serif;">The first Taneira store, housed in a remodeled villa
in Bengaluru's Indira Nagar, recently opened its doors to business. Sarees are
the main draw here. They come from 20 different states of the country, each of
them handwoven, and made from natural fibers such as cotton, silk, and linen.</span><span style="font-family: calibri, sans-serif;"><o:p></o:p></span></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfDLWrX63Rz1EJyrcgZ42tMv2nAyuwKPg-oCIGtlgkL24ylk-7N2vgXHwCV12oolzJB4LqSi9vIJj4nwzaxUTSR74nHfgzmF2dQae32ebLiKtOb-L2AvNgGWxP2EE2NqBNuufNCAmbJtQ0/s1600/31w4lQfPU-L.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="375" data-original-width="500" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfDLWrX63Rz1EJyrcgZ42tMv2nAyuwKPg-oCIGtlgkL24ylk-7N2vgXHwCV12oolzJB4LqSi9vIJj4nwzaxUTSR74nHfgzmF2dQae32ebLiKtOb-L2AvNgGWxP2EE2NqBNuufNCAmbJtQ0/s320/31w4lQfPU-L.jpg" width="320" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnkLQwBZbqUn3lI_pARbiPAKWvxF6wgEhcegNfBT_tEst8zi03prnprb0aw8QsHml7dAAT_w5CW8g8QxxrsWTFrc7XpbomiHEZOizCzdq7NRbWqfaq80K3FDFe9VKqbDYVCPofH1prItjR/s1600/store+1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="245" data-original-width="631" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnkLQwBZbqUn3lI_pARbiPAKWvxF6wgEhcegNfBT_tEst8zi03prnprb0aw8QsHml7dAAT_w5CW8g8QxxrsWTFrc7XpbomiHEZOizCzdq7NRbWqfaq80K3FDFe9VKqbDYVCPofH1prItjR/s400/store+1.png" width="400" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8ADfD4cgxrAN-jdcB0qQrG_rmmS8RRbx5DXv4ezsQju-pKUhJsk2R6fGEvzz-_w2Mhyphenhyphenc4EOIycDvkEsocGvW3RNcbKhcJNSemSoHjam50xJcaHaqrzs03-tPUZZj9R2KeWHTLFyy2Z0HI/s1600/store+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="247" data-original-width="644" height="152" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8ADfD4cgxrAN-jdcB0qQrG_rmmS8RRbx5DXv4ezsQju-pKUhJsk2R6fGEvzz-_w2Mhyphenhyphenc4EOIycDvkEsocGvW3RNcbKhcJNSemSoHjam50xJcaHaqrzs03-tPUZZj9R2KeWHTLFyy2Z0HI/s400/store+2.png" width="400" /></a></div>
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<span style="background: white; color: #464646; font-family: Times, Times New Roman, serif;">The Taneira team traveled the length and breadth
of India to bring under one roof a fabulous collection that includes <i>mugas</i> from
Assam; cotton from Chettinad; <i>tussars</i> from Bhagalpur; <i>ikats</i> from
Gujarat; Andhra Pradesh and Orissa; <i>chikankari</i> from Lucknow;
classical Banarasi silks and <i>kanjeevarams</i>; and heirloom
pieces like Patan <i>patolas</i> from Gujarat and muslin <i>jamdanis</i> from
Bengal.<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><b><span style="color: #464646; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Attractive
prices</span></b><span style="background: white; color: #464646;"><o:p></o:p></span></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in; text-align: left;">
<span style="font-family: Times, Times New Roman, serif;"><span style="color: #464646;">The store also sells <i>lehengas</i>, stoles, ready-to-wear
blouses and exclusive yardage that can be converted into any kind of garment.
Prices have been calibrated to attract the widest possible base of consumers,
with the cost of a saree ranging from Rs </span><span style="color: #464646;">2,000 to </span><span style="color: #464646;">₹</span><span style="color: #464646;">250,000 (this for the stunning Patan <i>patola</i> version).<o:p></o:p></span></span></div>
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<span style="color: #464646; font-family: Times, Times New Roman, serif;">A second Taneira store is set to open soon — in
Bengaluru's Jayanagar area — and the company is in the process of unrolling
exhibitions all over the country to spread the message of the new brand among
consumers.<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><span style="background: white; color: #464646;">Taneira aims
to deliver a differentiated retail experience. It's a place where customers can
touch and feel the purity of the fabric and admire the craft that goes into
their making. Taneira offers is unique in many ways. Take, for
instance, those who may not buy a piece at first chance, but then change their
mind and return, only to find it gone. </span><span style="color: #464646;"><o:p></o:p></span></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
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<span style="background: white; color: #212121; font-family: Times, Times New Roman, serif;">Taneira is aiming to double its existing business to
touch <span class="webrupee">Rs </span>40-45 crore in revenue in 2019, said
the company’s managing director Bhaskar Bhat at the launch of brand’s biggest
flagship store in New Delhi. Our primary target is to open 10 stores in the
next 12-18 months in the top 15 cities of the country. Currently, we are doing
between <span class="webrupee">Rs </span>30 lakh and Rs 70 lakh a month per
store. The company will end this year with <span class="webrupee">Rs</span> 20
crore in revenue, which we want to more than double and take it to <span class="webrupee">Rs </span>45 crore by next year<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
<div style="background: white; margin: 0in; text-align: left;">
<span style="background: white; color: #212121; font-family: Times, Times New Roman, serif;">Titan wants to reach not just the metros but also Tier I
cities where demand for high-quality branded sarees is increasing. The company
is looking to open stores in cities such as Mumbai, Hyderabad, Chennai, Patna,
Lucknow and Indore.<o:p></o:p></span></div>
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<span style="background: white; color: #212121; font-family: Times, Times New Roman, serif;">Similar to the jewelry market, when Titan began, The 5,000-year-old category is a large, unorganized market and underserved in terms
of the authenticity of the product. With an average ticket size of <span class="webrupee">Rs</span> 8,000, Kanchipuram (handwoven silk sarees from
Tamil Nadu), Benarasi (silk sarees from Varanasi), Bhagalpur (silk sarees from
Bihar) and south silks are the top-selling varieties of sarees at Taneira. The
brand is sourcing its products from over 400 weavers’ communities and
cooperative societies across India.<o:p></o:p></span></div>
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<span style="font-family: Times, Times New Roman, serif;"><br /></span></div>
<div style="text-align: left;">
<b><i><span style="font-family: Times, Times New Roman, serif;">Latin Manharlal Group</span></i></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com1tag:blogger.com,1999:blog-7902759467157027171.post-68666843476986295302019-05-02T00:56:00.000-07:002019-05-02T00:56:37.340-07:00Impact of Demonetisation and GST on India’s GDP Growth in the Last Two Years<div dir="ltr" style="text-align: left;" trbidi="on">
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GDP in India is considered as an important growth rate
through which the growth of the country can be accessed. It measures the total
amount of goods and services in the country. It gets calculated in three ways –
Production, Income, and Expenditure approach.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFazZuB65hn8ZpFU0XSPPFunTC9K8_VQmwMTjwVQ1wE1oGpFDtsYZ7zzcVNN3m4myqMTAJHIo3qsUxUY4IUoXeCR96bahe4MFi4DxF2YTwRiE0DvyCMPYN032RXcF0dc4FaKpqNnHp_qKy/s1600/gdp_660_022818063309.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="451" data-original-width="660" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFazZuB65hn8ZpFU0XSPPFunTC9K8_VQmwMTjwVQ1wE1oGpFDtsYZ7zzcVNN3m4myqMTAJHIo3qsUxUY4IUoXeCR96bahe4MFi4DxF2YTwRiE0DvyCMPYN032RXcF0dc4FaKpqNnHp_qKy/s400/gdp_660_022818063309.jpg" width="400" /></a></div>
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India’s Gross Domestic Product grew 7.3 percent in 2018 in
comparison to last year. The GDP per capita of India in 2018 was USD 2,009, USD
66 higher than in 2017, it was USD 1,943.</div>
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India was worth 2600.82 billion US dollars in 2017. The GDP
value of India represents 4.19 percent of the world economy. GDP in India
averaged 545.87 USD Billion from 1960 until 2017, reaching an all-time high of
2600.82 USD Billion in 2017 and a record low of 36.54 USD Billion in 1960.</div>
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The condition of the country is not very good nowadays,
the GDP rate has fallen. The 2 major causes for the same could be
Demonetization and implementation of GST. Both factors have impacted the
economic condition of the country.</div>
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Demonetization includes the forced conversion of cash into
less liquid bank deposits, which generates a decline in employment, output, and
borrowing by firms in the presence of downward wage rigidity. Households also
get forced to move to noncash forms of payment to attenuate the impact of the
cash shortage.</div>
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The immediate process of Demonetization has affected the
country’s growth in various sectors including transport, communication, real
estate, manufacturing, professional services, etc. It affected the demand by
reducing the supply of money and constrained the availability of cash as a critical input for specific economic activities.</div>
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The most impacted areas were construction and manufacturing,
the growth of the construction sector fell to 3.7 percent from 6 percent and the
manufacturing growth 8.2 from 12.7 in the time periods.</div>
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On the other hand, there was a huge impact on the agriculture
sector as well. The growth for the same went down to 5.2 percent from 6.9 percent. The impact turned out to be the massive increase in the price of seeds
and fertilizers and the farmers are getting unable to handle these additional
expenses. The real estate sector saw the money funding and transactions
completely dead. The demands for lands and properties dropped very badly. The
investment from foreign institutions decreased dramatically.</div>
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Even the digital payments schemes, promotions, discount
offers could not ease the impact on the consumer durable markets.</div>
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The GST implementation has also made a huge difference and
lead to the massive increase in the price of the basic items of a citizen, that
made the demand and supply cut down pathetically. The stock market growth is
declined by the reforms. On the other side, GST turned out to be a transparent
method that avoids various other taxes and makes the consumers to pay a single
tax, it reduces the tax burden between manufacturing and delivering services.
It sometimes makes the products expensive though.</div>
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To conclude, it can be said that the cashless limit
describes economies with well-developed financial markets and cash continues to
serve an essential role in facilitating economic activity in modern India.
Demonetization was implemented to avoid black money and corruption and it is
much effective. The problems that decline GDP rate should be resolved and make
the country economy people friendly.</div>
<br /><br />
<b>Latin Manharlal Group</b></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-48041585648472500712019-04-16T03:11:00.001-07:002019-04-16T03:11:20.267-07:00Wholesale Price Index for ‘All Commodities’ for the month of March, 2019<div dir="ltr" style="text-align: left;" trbidi="on">
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Based on monthly WPI, the annual rate of inflation, stood at 3.18% (provisional) for the month of March 2019(over March 2018) as compared to 2.93% (provisional) for the month of February 2019 and 2.74% during March 2018 previous year. The buildup inflation rate in the financial year so far was 3.18%as compared to a buildup rate of 2.74%in the corresponding period of the previous year.</div>
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Primary articles: The index for ‘Food Articles group rose by 0.9 percent to 145.1 (provisional) from 143.8 (provisional) for the previous month due to higher price of peas/Chawla (7%), fruits & vegetables (6%), maize and jowar (3%each), bajra (2%)and Masur (1%). However, three was a decline in the price of fish-marine (6%), egg (5%), gram (3%), mutton, urad and condiments & spices (2%each)and rajma, ragi, wheat, arhar and poultry chicken (1%each).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgv_fVTkaOAqwtyZCQn3vAe0ED57uHyS2itiZnvPzfU_X45L6Y8Q4eboonoG93k6IZqyRXNjtKzRfWRw5Z5bIkkv5jtN0XgTUeOAn7BmnDdZVcBw8ddbjOLS-DdyuCJRWFwhsn_F62Bo1I/s1600/Commodity.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="768" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgv_fVTkaOAqwtyZCQn3vAe0ED57uHyS2itiZnvPzfU_X45L6Y8Q4eboonoG93k6IZqyRXNjtKzRfWRw5Z5bIkkv5jtN0XgTUeOAn7BmnDdZVcBw8ddbjOLS-DdyuCJRWFwhsn_F62Bo1I/s320/Commodity.jpg" width="320" /></a></div>
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The index for ‘Non-Food Articles group declined by 2.6 percent to 123.5 (provisional) from 126.8 (provisional) for the previous month due to lower price of industrial wood (16%), raw silk (7%), sunflower (4%), rape & mustard seed (3%), gingelly seed and safflower (kardi seed) (2%each)and soyabean, floriculture, copra (coconut) and coir fibre (1%each). However, there was appreciation in the price of niger seed (15%), raw rubber and raw cotton (4%each), raw wool (2%)and groundnut seed, fodder, castor seed, mesta, raw jute, linseed and hides (raw) (1%each).</div>
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Minerals: The index declined by 1.9 percent to 136.7 (provisional) from 139.3 (provisional) for the previous month due to lower price of manganese ore and iron ore (8%each), sillimanite (7%), limestone and chromite (2%each)and lead concentrate and zinc concentrate (1%each). However, the price of garnet (12%)and copper concentrate (1%) increased.</div>
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<br /></div>
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Crude Petroleum & Natural Gas: The index rose by 3.3 percent to 87.6 (provisional) from 84.8 (provisional) for the previous month due to higher price of crude petroleum (6%). However, the price of natural gas (2%) declined. The index rose by 2.3percent to 103.3(provisional) from 101.0(provisional) for the previous month. </div>
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Mineral Oils: The index rose by 4.1 percent to 95.0(provisional) from 91.3 (provisional) for the previous month due to higher price of ATF, naphtha and furnace oil (9%each), LPG(6%), kerosene (5%), petrol (4%), petroleum coke (3%), HSD(2%)and bitumen (1%). The rose by 0.2 percent to 118.3 (provisional) from 118.1 (provisional) for the previous month.</div>
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<br /></div>
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Manufacture of Food Products: The index declined by 0.2 percent to 128.5 (provisional) from 128.7 (provisional) for the previous month due to lower price of manufacture of macaroni, noodles, couscous &similar farinaceous products (5%), copra oil (4%), processing &preserving of fish,crustaceans &molluscs&products thereof and rice bran oil (3%each), processing &preserving of fruit &vegetables and palm oil (2%each)and cottonseed oil, sooji (rawa), soyabean oil, gram powder (besan), buffalo meat [fresh/frozen], spices (including mixed spices), salt, vanaspati, mustard oil, sunflower oil, manufacture of cocoa, chocolate &sugar confectionery, ghee and maida (1%each). However, there were certain items which moved up as the price of molasses (13%), groundnut oil (10%), honey (4%), processed tea, condensed milk and manufacture of starches and starch products (3%each), coffee powder with chicory, castor oil, instant coffee, chicken/duck [dressed-fresh/frozen]and manufacture of health supplements (2%each)and manufacture of prepared animal feeds, bagasse, gur, manufacture of processed ready to eat food, manufacture of bakery products and wheat bran (1%each).</div>
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<br />
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The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 3.29% in February, 2019as compared to 3.89% in March 2019.</div>
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<br /></div>
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<b><i>Latin Manharlal Group</i></b></div>
<div class="MsoNormal">
<b><i>Image Courtesy: Google</i></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-52976437797102225472019-02-14T02:02:00.001-08:002019-02-14T02:02:52.553-08:00India now 6th Largest Economy in the World with High Growth<div dir="ltr" style="text-align: left;" trbidi="on">
India under the leadership of the Prime Minister, Narendra Modi, has witnessed its best phase
of macro-economic stability, becoming the sixth largest economy in the world
from being the 11th in the World in 2013-14. Presenting the Interim Budget for
the year 2019-20 in Parliament, the Union Minister for Finance, Corporate
Affairs, Railways & Coal, Piyush Goyal said “India is the fastest growing
major economy in the world” with an average GDP growth of 7.3% per annum, the highest ever achieved
by any Government since economic reforms began in 1991.<br />
<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrgq5XBjQoFF3v-60e_K37rxHg4BY3XFmHaYOlBpnDYKoB37ipmC3SXVbseRb4oubDkaGy7B7mLfsfHAIzfW3pomjpDllcKajNTr-2TXkEk_x0KTDwtn8bO5Hfk_WGhtFx8odqtDt-9t2_/s1600/indian-economy.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="400" data-original-width="665" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrgq5XBjQoFF3v-60e_K37rxHg4BY3XFmHaYOlBpnDYKoB37ipmC3SXVbseRb4oubDkaGy7B7mLfsfHAIzfW3pomjpDllcKajNTr-2TXkEk_x0KTDwtn8bO5Hfk_WGhtFx8odqtDt-9t2_/s400/indian-economy.jpg" width="400" /></a></div>
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New India would celebrate its 75th Independence year in 2022
when every family would have a house with access to water, electricity and
toilets; farmers income would have doubled; and the country would be free from
terrorism, communalism, corruption and nepotism,Goyal added.</div>
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Goyal said the fiscal deficit has been brought down to 3.4%
in 2018-19 Revised Estimates from the high of 5.8% in 2011-12 and 4.9 % in
2012-13,outlining the broad picture of the State of the Economy. The average
inflation has been brought down to 4.6% from the high of 10.1% during
2000-2014. The inflation was only 2.19% in December 2018. The Current Account Deficit (CAD) is likely
to be only 2.5% of GDP this year, against a high of 5.6% six years ago.</div>
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<br /></div>
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Due to strong fundamentals and stable regulatory
regime,<span style="mso-spacerun: yes;"> </span>the country<span style="mso-spacerun: yes;"> </span>attracted $239 billion as Foreign Direct
Investment (FDI) during the last five years.<span style="mso-spacerun: yes;">
</span>Goods and Services Tax (GST) as a path breaking next generation
structural tax reform undertaken by the Government.</div>
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Goyal said the Insolvency and Bankruptcy Code has
institutionalised a resolution-friendly mechanism and<span style="mso-spacerun: yes;"> </span>nearly Rs. 3 lakh crores<span style="mso-spacerun: yes;"> </span>has been recovered by Banks and
creditorswhile highlighting the Banking Reforms. He said high stressed
non-performing assets (NPAs) amounted to Rs. 5.4 lakh crore in 2014.<span style="mso-spacerun: yes;"> </span>Since 2015, numerous Asset Quality Reviews
and inspections were carried out, and the 4Rs approach of recognition,
resolution, re-capitalisation and reforms has been followed.<span style="mso-spacerun: yes;"> </span>Highlighting the restoration of the health of
the Public Sector Banks, the Finance Minister said that recapitalisation has
been done with an investment of Rs. 2.6 lakh crore.</div>
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The Finance Minister mentioned about The Real Estate
(Regulation and Development) Act, 2016 (RERA) and Benami Transaction
(Prohibition) Act. He said the Fugitive Economic Offenders Act, 2018 is helping
to confiscate and dispose off the assets of economic offenders, who escape the
jurisdiction of the country.<span style="mso-spacerun: yes;"> </span>The
Government conducted transparent auction of natural resources including coal
and spectrum.</div>
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<br /></div>
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Swachhata Mission launched by the present government led by
Narendra Modi, the country achieved nearly 98% rural sanitation coverage
with<span style="mso-spacerun: yes;"> </span>as many as 5.45 lakh villages being
declared open defecation freesaid Goyal.</div>
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To ensure 10% reservation in educational institutions and
Government jobs for economically weaker sections, the Government will provide
for 25% extra seats i.e. around 2 lacs, while maintaining the existing
reservation for SC/ST/Other Backward Classes.</div>
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The Finance Minister said about Rs 1,70,000 crore was spent
in 2018-19. Rs 60,000 crore has been allocated for Mahatma Gandhi National
Rural Employment Guarantee Act (MGNREGA) in the Budget Estimate of 2019-20 to
provide food grains at affordable prices to the poor and middle classes.</div>
<br /><br />
<b><i>Latin Manharlal Group</i></b></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-13457716273000658552019-01-15T22:50:00.000-08:002019-01-15T22:50:09.147-08:00India poised to become Third-Largest Consumer Market<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">India
is poised to become the third-largest consumer market behind only the US and
China. The consumer spending in India is expected to grow from USD 1.5 trillion
at present to nearly USD 6 trillion by 2030, a report of World Economic Forum
said.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWdM14EArFiNeWZ1b3GBX29X6qJLr0-s5_i98GyIq7p1I2YtZo1ooin_vVHto5qdr64MDqXn54ApM7dUKvWvcSAfsYsfmc_WOcXpShNYU6s4yelayW1XQpf1MfbbJsf3Kh5BZ-Z7igh1mN/s1600/2017-02-23_16h53_36.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="760" data-original-width="729" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWdM14EArFiNeWZ1b3GBX29X6qJLr0-s5_i98GyIq7p1I2YtZo1ooin_vVHto5qdr64MDqXn54ApM7dUKvWvcSAfsYsfmc_WOcXpShNYU6s4yelayW1XQpf1MfbbJsf3Kh5BZ-Z7igh1mN/s320/2017-02-23_16h53_36.png" width="306" /></a></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">As
per the WEP, with an annual Gross Domestic Product (GDP) growth rate of 7.5 per
cent, India is currently the world's sixth-largest economy. Domestic private
consumption, which accounts for 60 per cent of the country's GDP, is expected
to develop into a USD 6-trillion growth opportunity by 2030.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
report further added, "If realised, this would make India's consumer
market the third-largest in the world, behind the US and China."<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Zara
Ingilizian, Head of Consumer Industries and Member of Executive Committee, WEF,
said "as India continues its path as one of the world's most dynamic
consumption environments, private and public-sector leaders will have to take
shared accountability to ensure such consumption is inclusive and responsible.
Notwithstanding the significant growth in consumption, critical societal
challenges will need to be addressed, including skills development and
employment of the future workforce, socio-economic inclusion of rural India,
and creating a healthy and sustainable future for its citizens.”<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
report 'Future of Consumption in Fast-Growth Consumer Market India' mentioned
that growth of the middle class will lift nearly 25 million households out of
poverty.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">According
to the report, growth in income will transform India from a "bottom of the
pyramid economy" to a middle class-led one.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">As
expected the future consumption growth will mainly come from rich and densely
populated cities and the thousands of developed rural towns. <o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">WEF
said that, "India's top 40 cities will form a USD 1.5 trillion opportunity
by 2030, many thousands of small urban towns will also drive an equally large
spend in aggregate. In parallel, there will be an opportunity to unlock nearly
USD 1.2 trillion of spends in developed rural areas by improving infrastructure
and providing access to organised and online retail." <o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
report was produced in collaboration with Bain & Company builds on consumer
surveys conducted across 5,100 households in 30 cities and towns in India, and
draws from more than 40 interviews with private and public-sector leaders.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Nikhil
Prasad Ojha, Partner and Leader of the Strategy practice at Bain India said,
"It's an exciting future for firms that wish to unlock the consumption
opportunity in India."<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span lang="EN-IN" style="color: #333333; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
report identified three critical societal challenges that need to be addressed
to unlock the potential of these opportunities and to ensure equitable growth -
skills development and employment for the future workforce, socio-economic
inclusion of rural India and healthy and sustainable future.<o:p></o:p></span></div>
<br /><br />
<b><i>Image Courtesy: Google</i></b><br />
<b><i>Latin Manharlal Group</i></b></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com1tag:blogger.com,1999:blog-7902759467157027171.post-49110050550122603512019-01-06T22:30:00.002-08:002019-01-06T22:30:56.270-08:00Purchasing Managers’ Index signals a Sparkling Continuous Expansion<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal">
Purchasing Managers’ Index is an indicator of business
activity both in the manufacturing and services sectors. PMI in October 2018
stood at 53.1 as against 50.3 in October 2017. October 2018 is the 15th
consecutive month of PMI>50, indicating growth in the manufacturing sector.</div>
<div class="MsoNormal">
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqQrZQveUEaZb6myL_lnzul-MKu9REUSuzgmAGREE197Q8EInuQGyhDwRaQF5uGR1sDRH66sHz9lmThDmrjYeDwD4_UY8Eu-WaEJenSNaO0xDkH1RlczgWxSv2E3KZpy6MPIom_J2TSBxf/s1600/shutterstock_556373581-770x433.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqQrZQveUEaZb6myL_lnzul-MKu9REUSuzgmAGREE197Q8EInuQGyhDwRaQF5uGR1sDRH66sHz9lmThDmrjYeDwD4_UY8Eu-WaEJenSNaO0xDkH1RlczgWxSv2E3KZpy6MPIom_J2TSBxf/s400/shutterstock_556373581-770x433.jpg" width="400" /></a></div>
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The Start-up India is a flagship initiative of the
Government of India, intended to build a strong ecosystem that is conducive for
the growth of start-up businesses, to drive sustainable economic growth and
generate large scale employment opportunities. The Government through this
initiative aims to empower start-ups to grow through innovation and design.</div>
<div class="MsoNormal">
<br /></div>
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DIPP recognized start-ups number touched 14,545 in November
18 as compared to 4610 on October 2017 generating total employment for 130,424
persons.</div>
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Number of programmes have been undertaken since the launch
of the initiative on 16th of January 2016 by Prime Minister, to transform India
into a country of job creators instead of job seekers.</div>
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<span style="mso-spacerun: yes;"> </span>The 19-Point Start-up
India Action Plan envisages several incubation centres, easier patent filing,
tax exemptions, ease of setting-up of business, a Rs. 10,000 crore corpus fund
and a faster exit mechanism.</div>
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The achievements of the Start-up India action plan can be
stated as: simplification and hand holding for compliance regime based on
self-certification, rolling out of mobile app and portal, setting up of
Start-up India hub, legal support and fast-tracking patent examination at lower
costs, relaxed norms of public procurement for start-ups and faster exit for
start-ups,<span style="mso-spacerun: yes;"> </span>providing funding support
through fund of funds with a corpus of Rs. 10,000 crore, tax exemption on
capital gains, tax exemption to start-ups for 3 years, removal of angel tax,
promoting industry-academia partnership and incubation through launch of Atal
Innovation Mission, harnessing private sector expertise for incubator setup,
building 11 Technology Business Incubators, setting up of 7 new research parks
modelled on the research park setup at IIT Madras, promoting start-ups in the
biotechnology sectors and launching of innovation focused programmes for
students.</div>
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Image Courtesy: Google</div>
<div class="MsoNormal">
<b>Latin Manharlal Group</b></div>
<br /></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-22252115532990666112019-01-02T21:38:00.002-08:002019-01-02T21:38:37.032-08:00India Improves Ranking in Ease of Doing Business<div dir="ltr" style="text-align: left;" trbidi="on">
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India jumped 23 ranks in the World Bank’s Ease of Doing
Business Ranking this year to be ranked at 77. Upward move of 53 ranks in the
last two years is the highest improvement in 2 years by any large country since
2011. India now ranks number one in Ease of Doing Business Report among South
Asian countries compared to 6th in 2014.</div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAOQ6JyFr5X6OMFEPGgWaj52a9RAL90FFDGSDG10hhek-lP_0tpckLGbu0mYrSBHJD5hJaucbS2Bbl2cjgmhp5_PLPPHxUeu1LVz2hDgw4d5nAYyLVQUA0CJMEu2OujfT8zb8i_MPGA2f2/s1600/future_of_business.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="502" data-original-width="1024" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAOQ6JyFr5X6OMFEPGgWaj52a9RAL90FFDGSDG10hhek-lP_0tpckLGbu0mYrSBHJD5hJaucbS2Bbl2cjgmhp5_PLPPHxUeu1LVz2hDgw4d5nAYyLVQUA0CJMEu2OujfT8zb8i_MPGA2f2/s400/future_of_business.jpeg" width="400" /></a></div>
<div class="MsoNormal">
So far, India has improved its rank in 6 out of 10
indicators and has moved closer to international best practices (Distance to
Frontier score) on 7 out of the 10 indicators. The most dramatic improvements
have been registered in the indicators related to construction permits and
trading across borders. India's rank improved from 181 in 2017 to 52 in 2018,
in grant of construction permits, an improvement of 129 ranks in a single year.
When comes to trading across borders, India's rank has improved by 66
positions, moving from 146 in 2017 to 80 in 2018.</div>
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<br /></div>
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The Department of Industrial Policy and Promotion ,Ministry
of Commerce and Industry, in collaboration with the World Bank conducts an
annual reform exercise for all States and Union Territories under the Business
Reform Action Plan (BRAP) to improve delivery of various Central Government
regulatory functions and services in an efficient, effective and transparent
manner. States and UTs have conducted reforms to ease their regulations and
systems in areas like labour, environmental clearances, construction permits,
contract enforcement, registering property and inspections. The States have
also enacted Public Service Delivery Guarantee Acts to enforce the timelines on
registrations and approvals.</div>
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<br /></div>
<div class="MsoNormal">
Ease of Doing Business ranking improved, and it has been
possible because of the transformative measures taken by the Government of India
which includes legislative and regulatory reforms. To support start-ups and
lower tax rates for MSMEs quicker environmental clearances from 600 days to 140
days has been implemented, abolition of inter-state check post after
implementation of GST has been done, enhanced input tax credit and electronic
GST network has been put in place and the creation of commercial courts to fast
track enforcement of contracts and faster security clearances has lent support
to the start-ups in the country.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Among BRICS countries, India has improved its rank from 5th
in 2010 to 3rd in 2018. Various measures were undertaken to ensure this
improved ranking is issuance of construction permits where India’s rank is 52,
in getting electricity connection India’s rank is 24 and in Trading Across
Borders India now ranks at 84. In paying taxes India’s ranking is 121 and in
resolving insolvency India’s ranking stands at 108.</div>
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<br /></div>
<div class="MsoNormal">
For ease of doing business for start-ups Twenty-One
regulatory changes have been made. For optimization of resource utilisation and
enhance the efficiency of the manufacturing sector, DIPP launched the
Industrial Information System, a GIS-enabled database of industrial areas and
clusters across the country in May 2017. This portal serves as a one-stop
solution to the free and easy accessibility of all industrial information
including availability of raw material – agriculture, horticulture, minerals,
natural resources, distance from key logistic nodes, layers of terrain and
urban infrastructure.</div>
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<br /></div>
<div class="MsoNormal">
IPRS is proposed to be translated into an annual exercise
covering all the parks across India. The coverage would be widened and updated
to bring in deeper qualitative assessment feedback, bring in technological
intervention and develop it as a tool that helps effectively for demand driven
and need based interventions both by policy makers and investors.</div>
<br /><br />
Image Courtesy: Google<br />
<b>Latin Manharlal Group</b><br />
<b><i><br /></i></b></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-59184668820988351272018-12-24T00:17:00.002-08:002018-12-24T00:24:41.669-08:00The Nuts & Bolts of the ABB Hitachi Deal<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 15pt; text-align: left; vertical-align: baseline;">
<b><span style="color: black;"><span style="font-size: large;">Hitachi’s
ABB Deal Isn’t Just an Escape Hatch</span></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6KakjxlcC3KlpleEtv_0iBNTocGUj2GcQDSLyP_8cF38WDiKBYSsVMa2oOg1eKMCa61H5wZHHAmEfxBabdmgp2AUAADi6bEpZWOWGYyb8vSpOYw8ZV-7AMRXoNd0W0wRIluSpdrHYPwZl/s1600/Picture+1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="105" data-original-width="243" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6KakjxlcC3KlpleEtv_0iBNTocGUj2GcQDSLyP_8cF38WDiKBYSsVMa2oOg1eKMCa61H5wZHHAmEfxBabdmgp2AUAADi6bEpZWOWGYyb8vSpOYw8ZV-7AMRXoNd0W0wRIluSpdrHYPwZl/s1600/Picture+1.png" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNsWFvqyD8jKOSipyfbJ6oy901-o2bo4rVGtRJryQBPzhY8NYrkpuc4UI5fuKn59oQ2-8V9pYENaQRkKh_aZg-h6GuQp5Iy1_oY2PkeCYcUgGbdTNPXbB3kIJZwweSvjv6yRVlpNjnhCkr/s1600/Picture+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="101" data-original-width="343" height="94" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNsWFvqyD8jKOSipyfbJ6oy901-o2bo4rVGtRJryQBPzhY8NYrkpuc4UI5fuKn59oQ2-8V9pYENaQRkKh_aZg-h6GuQp5Iy1_oY2PkeCYcUgGbdTNPXbB3kIJZwweSvjv6yRVlpNjnhCkr/s320/Picture+2.png" width="320" /></a></div>
<span style="background-color: white; font-size: 12pt;"><br /></span>
<span style="background-color: white; font-size: 12pt;"><br /></span>
<span style="background-color: white; font-size: 12pt;">Whenever a Japanese company acquires an overseas asset, the
rationale is typically that it’s finding a way to survive the country's aging
demographics and shrinking returns.</span><br />
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;">But Hitachi Ltd.'s 800 billion yen ($7.06 billion) purchase
of </span><a href="https://www.bloomberg.com/news/articles/2018-12-16/abb-said-near-sale-of-power-grids-to-hitachi-in-11-billion-deal" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">ABB Ltd.'s
power-grid business</span></a><span style="background: white; color: black; font-size: 12.0pt;"> is
bigger than that. The deal, while on the expensive side, is high-margin for the
Japanese industrial conglomerate, and could catapult it into the big leagues of
power equipment globally. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;">Hitachi is nearing an agreement to buy 80.1% of Swiss
engineering giant ABB Ltd.’s power-grid unit, in a deal that values the entire
business at $11 billion. ABB has an option to sell its 19.9% stake three
years after the current deal — Hitachi's largest-ever purchase — is completed. ABB
noted that Hitachi would help provide access to new markets as well as
financing.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;">Combined with the Japanese conglomerate’s other
industrial-equipment business, ABB’s power grids will allow Hitachi to compete
neck-and-neck with <b style="mso-bidi-font-weight: normal;">General Electric Co.
and Siemens AG</b>. With ABB’s power grids under its belt, Hitachi also
could avoid the fate of so many other global industrial companies, which
have struggled to </span><a href="https://www.bloomberg.com/news/terminal/PJURXL6K50XS" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">turn their businesses around</span></a><span style="background: white; color: black; font-size: 12.0pt;">. As Japanese conglomerates increasingly talk
about </span><a href="https://www.bloomberg.com/view/articles/2018-10-10/japan-s-companies-ramp-up-spending-after-tax-change" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">reforming</span></a><span style="background: white; color: black; font-size: 12.0pt;"> to extract more value and
shed the </span><a href="https://www.bloomberg.com/view/articles/2018-08-04/japan-inc-needs-to-pay-executives-for-performance" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">Japan discount</span></a><span style="background: white; color: black; font-size: 12.0pt;">, Hitachi has been ahead of the pack — </span><a href="https://www.bloomberg.com/news/terminal/PH56U66TTDS9" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">selling units</span></a><span style="background: white; color: black; font-size: 12.0pt;"> that no longer fit its strategy and putting more cash
to work.<o:p></o:p></span></div>
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<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; color: black; font-size: 12.0pt;">Buying ABB brings Hitachi closer to
its consolidated operating margin target of more than 10% by 2022, compared
with 8% for the group and 6.5% for the power business currently</span></b><span style="background: white; color: black; font-size: 12.0pt;">. Other targets loom, too: The Japanese company
is looking to almost double the sales in its power segment to more than 800
billion yen by March 2022 from around 450 billion yen.<o:p></o:p></span></div>
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<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="background: white; color: black; font-size: 12.0pt;">Hitachi has almost 800 businesses
spanning everything from construction machinery to nuclear power plants and
healthcare. It’s now </span></b><a href="https://asia.nikkei.com/Business/Companies/Hitachi-to-reduce-number-of-group-companies-by-40" target="_blank"><span style="background: white; border: none 1.0pt; color: black; font-size: 12.0pt; padding: 0in;">cutting its
subsidiaries by 40% to 500 companies</span></a><span style="background: white; color: black; font-size: 12.0pt;">, as the Nikkei reported earlier this year, and aims<strong><span style="border: none 1.0pt; font-family: "calibri" , "sans-serif"; padding: 0in;"> </span></strong>to focus
on four core areas, of which power and energy is one.<o:p></o:p></span></div>
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<span style="background: white; color: black; font-size: 12.0pt;"><br /></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">ABB Management Commentary - “Power Grids will strengthen Hitachi
as global leader in energy infrastructure and Hitachi will strengthen Power
Grids’ position as a global leader in power grids. With this transaction, we
are realizing the value we have built through the transformation of Power Grids
over the last four years. Our shareholders will directly benefit through the
return of the proceeds of the divestment. Building on our existing partnership
announced in 2014, the initial joint venture will provide continuity for
customers and our global team’’<o:p></o:p></span></b></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="background: white; color: black; font-size: 12.0pt;">ABB investors have long been underwhelmed by the power-grid
business, which is low-margin compared with the Zurich-based firm’s robotics
and factory automation operations. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 12.0pt;">Announcing the deal, ABB spelt out a road map that
would chart a new course in industrial automation, electrification, robotics
and automation</span></b><span style="color: black; font-size: 12.0pt;">. Analysts said that in
mature markets, the power transmission and distribution (T&D) business has
limited incremental growth opportunities both in terms of orders and profits.
From a technology-driven solutions business earlier, it is now a converter of
raw material into finished goods, where there’s hardly any upside in margins.<o:p></o:p></span></div>
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<span style="color: black; font-size: 12.0pt;"><br /></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">ABB Management Commentary – ‘’Our four newly shaped businesses,
each a global leader, will be well aligned to the way our customers operate and
focus stronger on emerging technologies such as artificial intelligence. The
continued simplification of our business model and structure will be a catalyst
for growth and efficiency in our businesses. Our businesses will be further
supported through the transfer of experienced resources from today’s country
organizations’’<span style="color: black;"><o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">ABB: Shaping a leader focused in digital industries<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Fundamental
actions to focus, simplify and lead in digital industries for enhanced customer
value and shareholder returns<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Focus of portfolio on digital industries through divestment of
Power Grids <o:p></o:p></span></b></div>
<div style="text-align: left;">
</div>
<ul style="text-align: left;">
<li><span style="font-size: 12pt; text-indent: -0.25in;">Divestment of Power Grids to Hitachi
expands existing partnership and strengthens Power Grids as a global
infrastructure leader with enhanced access to markets and financing.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-size: 12pt; text-indent: -0.25in;">Enterprise Value of $11 billion for
100% of Power Grids, equivalent to an EV/op. EBITA multiple of 11.2x1.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-size: 12pt; text-indent: -0.25in;">Crystallizing value from the transformation of
Power Grids including doubling operational EBITA margin since 2014.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-size: 12pt; text-indent: -0.25in;">ABB initially to retain 19.9% in the
equity of carved-out Power Grids to ensure transition; pre-defined exit option
on 19.9 percent equity at fair market value with floor price at 90% of agreed
Enterprise Value, exercisable by ABB three years after closing.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span><span style="font-size: 12pt; text-indent: -0.25in;">Closing expected by first half of
20203.</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span><span style="font-size: 12pt; text-indent: -0.25in;">ABB intends to return 100% of the
estimated net cash proceeds of $7.6-7.8 billion from the 80.1% sale to
shareholders in an expeditious and efficient manner through share buyback or
similar mechanism.</span></li>
</ul>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Simplification of business model and structure</span></b></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Discontinuation of legacy matrix
structure <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Businesses will run all
customer-facing activities as well as business functions and territories,
fostering ABB’s entrepreneurial business culture <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Businesses to be strengthened by
transfer of experienced country management resources <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Existing country and regional
structures including regional Executive Committee roles to be discontinued
after closing of the transaction <o:p></o:p></span></div>
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</div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 12.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Corporate activities to be focused on
Group strategy, portfolio and performance management, capital allocation, core
technologies and ABB Ability™ platform</span></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; text-align: left; text-indent: -0.25in;">
</div>
<!--[if !supportLists]--><br />
<div style="text-align: left;">
</div>
<div style="text-align: left;">
</div>
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<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Shape four leading businesses aligned with customer patterns<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="MsoNormal" style="line-height: normal; text-align: left;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> • All businesses global #1 or #2 in attractive
growth markets: <o:p></o:p></span></div>
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<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div style="text-align: left;">
</div>
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<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">* Electrification <o:p></o:p></span></b></div>
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<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
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* <b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Industrial
Automation</span></b><br />
<b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></b>
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* <b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Robotics
& Discrete Automation</span></b><br />
<b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></b>
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<b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></b>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEaAS3gyqzVOn0cZQTAsErCr843ex5Xn9Sup8cLWdhkZBPX563GEFrLhfsnPoH6Pld9VDFDXck2F8oyZMZSWUQLH2K4-GbEkSzlZeyk68mLMTWxvvp0O-LuSDdfyUJdQamfuXS9ky-Sco0/s1600/picture+7.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="208" data-original-width="335" height="123" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEaAS3gyqzVOn0cZQTAsErCr843ex5Xn9Sup8cLWdhkZBPX563GEFrLhfsnPoH6Pld9VDFDXck2F8oyZMZSWUQLH2K4-GbEkSzlZeyk68mLMTWxvvp0O-LuSDdfyUJdQamfuXS9ky-Sco0/s200/picture+7.png" width="200" /></a><br />
* <b><span style="font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Motion</span></b><br />
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<ul style="text-align: left;">
<li><span style="font-family: "symbol"; font-size: 12pt; text-indent: -0.25in;"><span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><span style="font-size: 12pt; text-indent: -0.25in;">ABB Ability™ tailored digital
solutions will drive customer value in each business whilst capturing synergies
through common platform.</span></li>
<li> Actions position ABB with a leadership
role in digital solutions, and evolving technologies such as artificial
intelligence.</li>
</ul>
</div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-left: 37.5pt; text-align: left; text-indent: -0.25in;">
<span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><b><i>Latin Manharlal Group</i></b></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5gY262d0Soszdipo2mkwFtSYJLKxqZRtzW8AWKkOpB8HIL5sM-llvjA9qebfTnXog1xutE2xepGeec36b1sy1CiAPBd07M8vqWq467D_F7ZxG93S8pOCc5eRkff8PZiz0_e4FbwYZsVpQ/s1600/picture+9.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><br /></a></div>
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Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-16062997908740427132018-11-25T21:33:00.002-08:002018-11-25T21:35:50.303-08:00ICRA pegs India’s Q2 GDP Growth to ease to 7.2%<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">After
registering a robust growth in the first quarter of this financial year, the
pace of India’s economic growth is expected to have substantially slowed
in the July-September quarter amid higher fuel prices and a weaker rupee.<o:p></o:p></span></div>
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<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br /></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2TUA49TnGgbzIDq9GCxVN3G39-b8pe3vZ5u29307coUQRDJ7BpGCi-dZF374dcddLawtC4C_agoJnDJu7tNS5Fz1kcPXOOZtdDAiTwUHRgRNaAYJ7WHFtLYD6BnwjHiGV376tZAU7_-g2/s1600/gdp1_660_113017054052.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="451" data-original-width="660" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2TUA49TnGgbzIDq9GCxVN3G39-b8pe3vZ5u29307coUQRDJ7BpGCi-dZF374dcddLawtC4C_agoJnDJu7tNS5Fz1kcPXOOZtdDAiTwUHRgRNaAYJ7WHFtLYD6BnwjHiGV376tZAU7_-g2/s400/gdp1_660_113017054052.jpg" width="400" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">According to
a report by rating agency ICRA, the GDP growth of Indian economy is pegged at
7.2 per cent for the second quarter, dragged down by lacklustre agriculture and
industry. The GDP had grown by a higher than expected 8.2 per cent in the first
quarter of the fiscal as compared to the year-ago period. <o:p></o:p></span></div>
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<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">The report
cited higher fuel prices and weakness in rupee as primary factors dragging the
industrial growth. Further, the country has been affected by heavy rains in
some states leading to massive flooding while the other states are dealing with
significantly deficient and drought like situations resulting in to muted
agricultural growth. <o:p></o:p></span></div>
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<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">As per the
report, overall, manufacturing GVA (gross value added) growth is expected to ease
to 7 per cent in Q2 FY 2019 from the healthy 13.5 per cent expansion in
Q1FY2019. The agency said higher commodity prices may support a shallow
recovery in GVA growth in mining and quarrying from the marginal 0.1 per cent
in Q1 FY 2019 to around 2.5 per cent in Q2 FY 2019, despite a slowdown in
volume growth. <o:p></o:p></span></div>
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<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">However,
services sector growth is expected to rebound to 7.8 per cent in the second
quarter from 7.3 per cent in Q1 FY 2019, buoyed by a sharp pickup in the
expansion in the Government of India’s non-interest revenue expenditure, a mild
rise in growth of bank deposits, air and ports cargo traffic, as well as a
moderation in the pace of FII outflows.<o:p></o:p></span></div>
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<span lang="EN-IN" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br /></span></div>
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<span lang="EN-IN" style="line-height: 115%;">Going ahead,
the Indian economy is expected to slow down in the second half of the fiscal,
partly because of the base effect of higher growth last year. Tighter financial
markets, a credit squeeze and the lagged impact of weak currency and high oil
prices will continue to weigh on growth.<i><o:p></o:p></i></span></div>
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<span lang="EN-IN" style="line-height: 115%;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN" style="line-height: 115%;"><b><i>Latin Manharlal Group</i></b></span></div>
<br /></div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-45057205603986268992018-11-15T02:46:00.001-08:002018-11-15T02:46:33.793-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Companies report strong prospects from
Railways Business: Extracts from commentary about Railways Business.<o:p></o:p></span></b></div>
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<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqP4aUUaElGlfs46Std99iGgRexnZkJ5ue4pNhQ8frmFAhbDkL8_k6Q6new8X-0T5pxiNsAzYvxmGMk5O7yDOQAPRFlG2YcGGGgz8ICDtF2-GYpCrZ1q622A4VdWzdBtWl_jAJbP_VIg2x/s1600/indian+railway.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="185" data-original-width="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqP4aUUaElGlfs46Std99iGgRexnZkJ5ue4pNhQ8frmFAhbDkL8_k6Q6new8X-0T5pxiNsAzYvxmGMk5O7yDOQAPRFlG2YcGGGgz8ICDtF2-GYpCrZ1q622A4VdWzdBtWl_jAJbP_VIg2x/s1600/indian+railway.jpg" /></a></div>
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<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">KEC International<o:p></o:p></span></b></div>
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<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Considering strong order book the railway business
of the company is expected to close current fiscal with a revenues of about Rs
1500-1600 crore having clocked a revenues of about Rs 734 crore in H1FY19. The
company has linked up with various vendors in railway business. <b>With ramp up in railway business the vendor
financing have also gone up</b>. But backward integration by the company in
Railways has resulted in improved profitability as well as reduction in payable
days. Focus on streamlining railway supply chain, vendor base and credit terms.
<o:p></o:p></span></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Cummins Ltd<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="color: #202020; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Within
industrial construction sales stood at Rs 100 crore, rail Rs 100 and others
form remaining sales. <b>Railways have
grown significantly and strong traction exists. </b>Government efforts on infra
sector is also helping the overall growth<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="color: #202020; font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal">
<b><span style="color: #202020; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Kalpataru Power Transmission Ltd<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: #202020; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">For the Sep 18 quarter, T&D revenues stood
around Rs 1100 crore, Oil and gas and Railway together around Rs 450 crore.
Margins in railways around 9-10%. <b>Strong
orders coming from Pipeline and Railways for next 2-3 years</b>. Strong order
inflows from Railways and International T&D in Sep 18 quarter.<o:p></o:p></span></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">SKF
Ltd<o:p></o:p></span></b></div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Within industrials, railways account for around 7%
of total sales. Strong traction seen from passenger wagon side, <b>while the demand from freight side bearings
will pick up from now</b>.<o:p></o:p></span></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Escorts<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">New products launched in Railways. Order book is
more than Rs 400 crore will be executed.<b>25%
growth in Railways for FY 19 with margins of 18-20%.<o:p></o:p></b></span></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><b><br /></b></span></div>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr>
<td style="padding: 0in 0in 3.75pt 3.75pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">lrcon
International<span style="color: #00005c;"> - </span>Expect
revenue of about Rs 4600 crore in FY19<span style="color: #00005c;"><o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="font-size: 12.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
</td>
</tr>
<tr>
<td style="padding: 0in 0in 0in 3.75pt;"></td>
</tr>
</tbody></table>
</div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Stand-alone
executable order book of the company as end of Sep 30, 2018 was more than Rs
27000 crore up from about Rs 22400 crore as end of March 31, 2018</span></b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">.
The executable order book consists of only projects where work has already
commenced and if the order waiting for clearance and approvals are included the
order book will be approximately over Rs 35000 crore. Since infrastructure
projects in sectors like railways take 1-1.5 years to complete
investigation/surveys and clearances etc, the company includes only the orders
for which work commenced in the order book.<o:p></o:p></span></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Rites
India Ltd<o:p></o:p></span></b></div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Performance of first half is not representative of
full year as typically 60% of the revenue of the company will accrue in second
half. For FY19 the company is confident of maintaining/improving the FY18
EBITDA margin levels. The EBITDA margin for FY18 was 9.86% and for H2FY18 was
14.51%.<o:p></o:p></span></div>
<div class="MsoNormal">
</div>
<div style="text-align: justify;">
<b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Consultancy
business has contributed about 67% of the operating turnover and income from
the consultancy has increased by 83% to Rs 292 crore in Q2 FY19 against the
corresponding last quarter revenue of Rs 160 crore.</span></b><span style="color: #202020; font-family: "Calibri","sans-serif"; mso-ascii-theme-font: minor-latin; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">
Company's standalone Order Book stands at Rs 6183 crore as of 30.09.2018 which
is expected to be executed in the next 1 to 3 years. This order book also
includes export order book of Rs 1284 crore as on 30.09.2018. The present
export order book is likely to be executed in 2 to 2.5 years time. As per
delivery schedule Company will start exporting in the second half of FY19.<o:p></o:p></span></div>
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<br /></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0tag:blogger.com,1999:blog-7902759467157027171.post-46026454417960990762018-10-30T23:18:00.001-07:002018-10-30T23:18:24.405-07:00India Tops Asia’s Most Investment-Driven Economy<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">Over the years, India has emerged as one of
the fastest growing economies in the world and an attractive investment
destination driven by economic reforms and a large consumption base.
Factors including government’s policies on the liberalization of most
sectors for foreign investment, growing opportunities across sectors, skilled
human resource, cost-effective production facilities and strong domestic demand
have played a major role.<o:p></o:p></span></div>
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<span lang="EN-IN"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2Ug40pgbTReP_VZWc4DIdXmIlJChwrculJ1cexZf2PZLs5tMmDUs5BBagoS-qAQgcp69F384ifocp9r9EPxU9GFMT0ZaezA8pmAyETrV9cGf_SBFwrLLHgTeJxocL0eWI2jOb3F9UuPbZ/s1600/investments.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="225" data-original-width="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2Ug40pgbTReP_VZWc4DIdXmIlJChwrculJ1cexZf2PZLs5tMmDUs5BBagoS-qAQgcp69F384ifocp9r9EPxU9GFMT0ZaezA8pmAyETrV9cGf_SBFwrLLHgTeJxocL0eWI2jOb3F9UuPbZ/s1600/investments.jpg" /></a></div>
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<span lang="EN-IN">According to a new Standard Chartered study,
India has emerged as Asia’s most investment savvy economy and over two-thirds
of the country’s affluent class prefer to use various investment products to
achieve their financial goals and greater social mobility.<o:p></o:p></span></div>
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<span lang="EN-IN"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">While the number of people climbing the
social ladder in the west, when it comes to invest, save and spend, is slowing
down, there is an increase in new group of people in Asia, Middle East and
Africa who are accumulating wealth and improving their personal well being rapidly
and this group of people have been named in the study as ’emerging affluent’.
The study examined the views of emerging affluent consumers from 11 markets
across Asia, Africa and the Middle East.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">As per the report of 11,000 emerging
affluent consumers across Asia, Africa and the Middle East, 68 per cent of
Indian people belonging to this segment are using investment products to
achieve their financial goals, as compared to an average figure of 57 per
cent.<br />
<br />
About 63 per cent of these people in India prefer investing in financial
products as part of their long-term financial plan to meet financial goals and
boost their personal wealth. On the other hand, another popular strategy
adopted by these people was career progression and increment in salary (44 per
cent), followed by starting a new business (25 per cent) to increase their
wealth.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">Saving for their children’s education, which
is also the top savings priority across the markets, was the number one
financial goal for India’s emerging affluents, the study showed.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">Investment products, according to the
company for this particular study, refers to fixed income investments,
equities, stocks, unit trusts, mutual funds, self-invested pension funds,
investment-linked insurance, real estate property funds and real estate
investment trusts (REITs).<o:p></o:p></span></div>
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<span lang="EN-IN"><br /></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-IN">As per the study, new technology has made it
easy to manage money effectively anywhere in the world. Online banking tools
are playing a key role in effective money management today as the stock
investments, transfers, payments and financial advice is just a touch of a
button away today.<o:p></o:p></span></div>
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<span lang="EN-IN"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><i>Latin Manharlal Group</i></b></div>
</div>
Latin Manharlalhttp://www.blogger.com/profile/17933104509107841235noreply@blogger.com0