New Delhi [India], Jan 17 : Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures - Secured and Unsecured (NCDs) from today.
The company will announce its 16th series of Public Issue of Non-convertible Redeemable Debentures.
It has filed a shelf prospectus for issue of Secured Redeemable Non-Convertible Debentures ("Secured NCDs") of face value of Rs. 1,000 each aggregating up to Rs. 1300 crore and Unsecured Redeemable Non-Convertible Debentures ("Unsecured NCDs") of face value of Rs. 1,000 each aggregating up to Rs. 100 crore, totaling up to Rs. 1400 crore ("Shelf Limit").
New Delhi [India], Jan 17 : Parenting social network Tinystep has announced receiving of USD two million funding from ecommerce giant, Flipkart to advance their product, better the user experience and expand on their services.
The promising startup works in the sphere of pregnancy and parenting.
Flipkart instilled its faith in Tinystep with a USD two million funding as they
saw potential in Tinystep's product and traction. The app's features continue to gain favor within the user base and outside, attracting more and more parents by the day, both expecting and new.
New Delhi [India], Jan 17 : Cloud Kinetics, a premier provider of Cloud Solutions and an AWS Advanced Consulting Partner was on stage at SAP PKOM Singapore on January 12th 2017 to share the experience of how enterprises are leveraging Amazon Web Services to transform and operate SAP.
Vidyashankar J, CEO of Cloud Kinetics shared the commitment and the strategic importance of its partnership with AWS and years of successful experience in deploying and operating SAP on AWS. Key highlights were how Cloud Kinetics customers benefitted by running SAP on Cloud with the OpEx model, starting with a small footprint and scaling out with growth thus gaining substantial cost savings, Year on Year.
Mumbai (Maharashtra) [India], Jan. 17 : The world is witnessing an all together different side of ace filmmaker Karan Johar, courtesy his biography 'An Unsuitable Boy'.
In-conversation with author Shobha De at the recently held book launch, the 44-year-old shed light on his nurturing quality, while expressing his desire to become a parent.
Karan revealed he realised this quality when he launched Alia Bhatt, Sidharth Malhotra and Varun Dhawan in 'Student of the Year'.
Washington D.C. [United States], Jan. 17 : Astronaut Eugene Cernan, commander of Apollo 17 and the last man to walk on the moon, has died at the age of 82.
The family Cernan announced that he passed away today following ongoing health issues.
"It is with very deep sadness that we share the loss of our beloved husband and father," said Cernan's family. "Our family is heartbroken, of course, and we truly appreciate everyone's thoughts and prayers. Gene, as he was known by so many, was a loving husband, father, grandfather, brother and friend."
Cernan, a Captain in the U.S. Navy, left his mark on the history of exploration by flying three times in space, twice to the moon.
Delta ID introduces Iris Scanning Technology for in-Car Biometrics and Secure Autonomous Driving at CES 2017Submitted by Darpana Kutty on Mon, 01/16/2017 - 18:56
New Delhi [India], Jan. 16 : Delta ID Inc. has introduced its iris scanning technology for automotive at CES 2017. Delta ID collaborated with Gentex Corporation (NASDAQ: GNTX) to demonstrate the use of iris scanning as a secure, reliable and convenient way to identify and authenticate the driver in a car, and as a way to elevate the security of automobiles during the driving experience.
Delta ID and Gentex demonstrated a rearview mirror that scans the iris of the driver upon entering the vehicle and gets ready to drive. Only if authorised, the driver is able to start and drive the vehicle.
Mumbai [India], Jan.16 : ZingHR, the new age employee-centric cloud HCM Platform, announced on 6th January, 2017, that it was honored with CIO CHOICE 2017 Award in HR and Global Payroll Services for the SME category. CIO CHOICE celebrated its 5th Anniversary, the only independent ICT Vendor Recognition platform - Voice of CIOs in India.
The marquee 5th Annual CIO CHOICE Recognition landmark event saw a gathering of 400+ CIOs and ICT Business Leaders. This exclusive Red Carpet Night, presented Honor and Recognitions in 52 categories, recognizing 28 distinct ICT Brands.
Cotton on MCX settled down -1.96% at 19990 due to subdued demand from traders and stocksists at the spot market. Besides, cotton production will increase from 338 lakh bales in 2015-16 to 351 lakh bales this year owing to above normal rains and favourable agro-climatic conditions too fuelled the downtrend. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales produced in 2015 -16 crop year. Cotton Association of India (CAI) expects that on account of better weather conditions across all cotton growing regions of the country there will be an improvement in productivity. Cotton production fell to about 386 lakh bales in 2014-15 which had earlier reached a record high of over four crore bales during the 2013-14 crop year.
Abu Dhabi (United Arab Emirates), Jan.16 : FICCI is leading a high-level Business Delegation accompanying Mr. Piyush Goyal, Minister of Power, Coal, New & Renewable Energy & Mines to the World Future Energy Summit at Abu Dhabi during 15-18 January 2017.
As a part of the Minister's visit to participate in 7th International Renewable Energy Agency (IRENA) Assembly Meeting and the World Future Energy Summit a visit to Masdar Smart City was undertaken.
The city, which combines ancient Arabic architectural techniques with modern technology and captures prevailing winds and uses clean energy generated on site from rooftop solar technology.
Cardamom on MCX settled up 1.78% at 1495.5 in view of restricted supplies, exporters demand and weather woes in producing centres. Exporters are still in the market hoping good export business due to prevailing high prices in global markets and lower supplies from Guatemala-the other producer. Cardamom prices are likely to trade higher tracking expected fall in arrivals and concern over standing crop. Supply scenario is expected to improve this week. But, the main problem persistently affecting the trade is that only a third of the participants is still active at the auctions and in the open market trading. Harvesting trend is any indication, the total output during the current season might come to around 40 per cent of the previous crop. Exporters continued to stay active.
Maize prices settled flat as pressure seen from ample global supplies. In India, maize has been sown in around 13.95 lakh hectares which is higher than 12.87 lakh hectare covered during corresponding period last year. Total maize crop area could be around 15 lakh hectares for the Rabi season during 2016/17. Due to cash crunch in the market, farmers are bringing less stock in the market as traders are not able to pay the farmers. Traders are hoping for the situation to be under control soon but currently, market trades are badly affected. The area under the rabi maize crop across the country was at 1.01 mln ha up 6.4% from a year ago, according to data released by the farm ministry. A year ago, farmers had sown maize across 953,600 ha.
Jeera on NCDEX settled up 1.13% at 17400 due to rising domestic as well as export demand at the spot market. However, reports of good climatic conditions and hopes of higher yield in the season crop. Sowing has been good so far and weather conditions are also favorable for jeera crop. As all is going well as exporters are not buying in large quantities but are waiting for the new crop. However, looking at the current trend, buyers may not take a risk and initially demand will be low at the beginning of the new season. According to jeera exporters, while the new season is likely to start in March, farmers have gradually begun accepting payment digitally, and have therefore been able to ensure steady supply.
Turmeric prices gained on anticipation of rising physical as well as export demand at the spot market. However upside seen limited on higher turmeric output due to good sowing and favorable weather conditions at the producing belts. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Prevailing high prices encouraged farmers to plant more turmeric this year. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year.
Mustard seed dropped on profit booking and on expectation of higher supply. Mustard sowing is completed on 6.953 million hectare as compared to 6.276 million hectare, higher by 10.8%. Congenial sowing conditions and higher prices forced farmers to take buoyant sowing of Mustard in Rajasthan, Madhya Pradesh and Uttar Pradesh. Mustard sowing in Uttar Pradesh has crossed normal acreage of the season. Favourable weather conditions (cool and dry) during last month has led Mustard crop to be good to excellent conditions. Temperatures were reported below normal during last 7-8 days which will help in improving the crop conditions in turn on yields. Crop is in vegetative to flowering and pod formations.
CPO on MCX settled up 0.2% at 588.9 on demand hope and on supply worries. Prices of the oil were up after Malaysia palm oil exports during Jan 1-10 climbed 8% compared to a month earlier on strong demand from China and Middle East, data showed. Malaysia palm oil exports jumped to 351,907 tons during Jan 1-10 compared to 325,590 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. Malaysia's CPO output for December month fell by 6.4% to 1.48 million tons compared to 1.57 million tons in November, data showed. India & Subcontinent's palm oil imports from Malaysia during first 25 days of the month climbed by 60.26% to 144,175 tons as compared to 89,960 tons in Nov 1-25. Malaysia and Indonesia raised export tax and weak demand.
Ref. Soya oil on NCDEX settled up 0.21% at 725.05 tracking firmness in spot demand and on robust demand in export market. According to USDA weekly export sales report, Net sales of 30,900 tons for 2016/2017 were up 64% from the previous week and 41% from the prior 4-week average. According to United States Department of Agriculture (USDA) January estimate, U. S 2016/17 ending stocks of soy oil is estimated to rise to 1,652 million lbs from
Soyabean on NCDEX settled up 0.82% at 3066 on supply worries from Argentina and on hope of higher demand from oil crushers. Soybean rose in anticipation of rise in demand from oil millers and crushing units amid rise in soymeal exports and on Argentina supply worries. As per Argentine agricultural ministry soybean production reported at 56 million tons down from 58.8 million tons in last season. Prices of the bean were also up on expectation of increasing export demand following robust data for December month. The United States department of agriculture (USDA) trimmed 2016-17 United States soybean production forecast for January also cut forecast for ending stockpiles compared to previous month, the department said in its World Agriculture Supply and Demand Estimates report.
New Delhi [India], Jan. 16 : Letstrack, UK based IoT startup, is now in collaboration with Anything Skool, an initiative of Liberty Innovation Outfits Limited, covering more than 500 schools for One Stop Safety and Security Solutions.
Letstrack is a global real time instant messaging and tracking app for smart phones, tracking devices and browsers. With the association, Anything Skool will connect Letstrack to its schooling partners so that schools can take an initiative towards safety and security of their students. Letstrack will provide their tracking devices to the buses of the school which will help schools track their buses easily.
Menthaoil on MCX settled up 1.02% at 1042.6 taking positive cues from spot market on rising demand. Besides, fall in supplies from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices uptrend. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year. This implies that export demand for the complete financial year can be between 27000 and 29000 MT quite cheaper, versus 23000 of total exports last year. Farmers are keeping most of the stocks in their hands. Most buyers are willing to buy at these levels. Since farmers are keeping most of stocks, thus whenever requirement arises, industry people will be purchasing from the farmers.
Aluminium on MCX settled up 1.6% at 123.45 as prices were supported by expectations Chinese smelters would shut over the northern hemisphere winter. Beijing encourages plants to close to curb pollution and free up scarce coal supplies for heating. LME stocks were down a net 4,700 tonnes to 2,244,175 tonnes and cancelled warrants were at 642,500 tonnes, down 5,350 tonnes. Aluminium prices were further buoyed on Friday amid rumours that China is planning to cut electrolytic aluminium and aluminium oxides capacities in three of its provinces. Rumours suggest that China will remove 30% of electrolytic aluminium capacity as well as 50% of aluminium oxide capacity in three provinces: Henan, Shandong and Shanxi.