Browse Category: Ripples_Advisory

Facebook-owned Instagram’s user base crosses 600-million

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Instagram’s user base rose to more than 600 million, the Facebook Inc owned company said on Thursday, as new features helped it gain popularity. The photo-sharing app added 100 million users since June, when it last announced its 500 million user milestone, the company said in a blog post.

Since then, the company launched Instagram Stories, its picture and video slideshow feature, identical to the signature function of rival Snap Inc’s Snapchat. Instagram in September updated its safety tools by allowing users to control the comments posted on their pictures and videos to combat increasing cases of online trolling.

Federal Reserve set to raise interest rates

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The markets want to hear whether the Trump economy could jolt the Fed into a faster pace of interest rate hikes, but there’s little chance the Fed will send that message Wednesday, when it is expected to raise interest rates for the second time in 10 years. Fed watchers say the Fed is unlikely to tip its hand or tell a different story than it already has for next year, though it may give a nod to a better economy based on recent data and the low unemployment rate at 4.6 percent in November.

The markets have been widely expecting the Fed to raise the Fed funds target rate by a quarter point, the first rate hike in a year. The Fed also is expected to release its economic and interest rate forecasts at 2 p.m., when it releases its statement. At 2:30 p.m., Fed Chair Janet Yellen speaks to the press.

Asian shares wobble as investors await Fed, dollar dips

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Asian shares were on tenterhooks on Tuesday as investors awaited the Federal Reserve’s meeting that begins later in session for clues on the outlook for US monetary policy, while crude oil prices pulled back after their surge to 18-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, while Japan’s Nikkei stock index slid 0.5 percent as the dollar came off highs against the yen. 

The Fed is widely expected to hike interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100 percent chance of a quarter percentage point increase to the Fed’s target range of 0.25 to 0.50 percent. What matters most to investors is the Fed’s statement and economic projections, which will be examined for any signs of reaction to Donald Trump’s surprise victory in the November 8 US presidential election.

Long-term IT earnings growth seen in high single-digits

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Donald Trump’s recent rhetoric on H1B visas are less of an issue for the IT sector. IT sector will continue to wrestle with challenges regardless of the US president elect’s negative bias towards immigrant workers. Long-term earnings growth for IT may be in high-single digits at best. He believes there is more room for earnings corrections. In a normal case, India has a lot going for it domestically, he said, admitting that demonetization has created a disruptive effect.  ➤

There will be some colour in the third quarter earnings in January, he said. As regards RBI policy which kept the rates unchanged, he said it was a non-event. Although people were expecting a cut, they were cognizant of the real impact of cut will be minimal.

Not stars, this Indian startup is aiming for the moon

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A bunch of co-founders are excited — there’s no reason for them not to be. Team Indus — their startup — is now officially eligible to be the first team from India to send a spacecraft to the moon. Team Indus, India’s only entry for Google Lunar XPRIZE, last week signed a verified commercial launch contract with Indian Space Research Organisation (ISRO) for its mission. Soft landing on the moon has been done by only three countries so far — the US, Russia and China. Funded with USD 15 million, Team Indus has designed a spacecraft and has announced a launch window for the same.

The journey will start on December 28, 2017. The polar satellite launch vehicle will inject a spacecraft into an orbit 880 km x 70,000 km around the earth. The spacecraft will then undertake a 21-day journey to soft land in Mare Imbrium, a region in north-western hemisphere of the moon.

Nestle India declares third interim dividend

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Nestle India Ltd ⧭ has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2016, has declared third interim dividend of Rs.16/- (Rupees sixteen only) per equity share for the year 2016 on the entire issued, subscribed and paid up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each.

The third interim dividend for 2016 will be paid on and from December 22, 2016 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of December 13, 2016.The meeting of the Board of Directors commenced at 9:00 hours and concluded at 9:40 hours.

बल्क डिपॉजिट में की भारी कटौती

 बल्क डिपॉजिट में की भारी कटौती

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देश के सबसे बड़े पब्लिक सेक्टर बैंक एसबीआई ने बल्क डिपॉजिट दरों में 1.50 फीसदी की कटौती की है। अब एसबीआई में 1 से 10 करोड़ रुपये जमा करने पर 1.5 से 2 फीसदी तक कम ब्याज मिलेगा। स्टेट बैंक ऑफ इंडिया की तरफ से एक हफ्ते में ये दूसरी कटौती है। जमा दरों में बड़ी कटौती के बाद उम्मीद लगाई जा रही है कि लोन की ब्याज दरों में भी अच्छी-खासी गिरावट आ सकती है।

 

बता दें कि 1 करोड़ रुपये से ऊपर की रकम बल्क डिपॉजिट मानी जाती है। बल्क डिपॉजिट पर घटी हुईं दरें 24 नवंबर से लागू होंगी। इससे कारोबारियों और इंस्टीट्यूशंस पर ज्यादा असर पड़ेगा। डीमोनेटाइजेशन से नकदी में सुधार की वजह से एबीआई ने ये फैसला लिया है। एसबीआई के पास कुल घरेलू डिपॉजिट 17.68 लाख करोड़ रुपये का है और कुल डिपॉजिट में बल्क डिपॉजिट का हिस्सा 8 फीसदी है।

 

उम्मीद है कि एसबीआई के बाद अब दूसरे बैंक भी डिपॉजिट दरें घटाएंगे। पिछले दिनों 1 करोड़ रुपये से कम डिपॉजिट पर भी दरें घटीं है। उम्मीद है कि आने वाले दिनों में एफडी पर दरें और घटेंगी। इसी लिए इसे एफडी कराने का आखिरी मौका कहा ज रहा है।

Rupee opens at fresh 9-month low; down 18 paise

Rupee opens at fresh 9-month low; down 18 paise

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The Indian rupee opened at fresh 9-month low at 68.74 per dollar on Thursday. It has slipped 18 paise versus previous close 68.56. The rupee is near to its record closing low of 68.85 per dollar, which it has tested on August 28, 2013. Dollar rally across the board is continuing. December US Fed rate hike is now certain. While Rupee has weakened sharply against Dollar, it has in fact strengthened against currencies like euro and yen. Expected, the USD-INR to trade in a range of 68.65-69/dollar for the day.

Japan lifts tsunami warning along northeast coast after quake

 

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The Japanese government today lifted its tsunami warning for the northeast coast of the country after a powerful earthquake shook the region earlier in the day. “The tsunami advisory has been lifted,” the Japan Meteorological Agency said in a statement released at 12:50 pm (0350 GMT) on its website.

Mumbai’s new TDR policy : What is?

Mumbai’s new TDR policy : What is?

 

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Mumbai has a new Transfer of Development Rights (TDR) policy that is linked to the width of the road beside the project’s site. As per the new policy, projects on roads that are less than nine metres, will be granted no TDR benefit, while projects on roads over 30 metres wide, will get FSI of 2.5. New TDR policy: How it affects Mumbai’s real estate market The modified policy allows buying/selling of TDR across the city. Earlier, the TDR could only be sold to developments north of where it was originally generated.

 

It will also allow developers to load additional FSI to developments, in areas where the demand is high. Furthermore, a developer can generate cash flows, by transferring the development rights to a potentially larger market. “As it will take time for additional TDR to be generated from this policy, it may lead to a short-term increase in the prices of TDR that is already available for purchase.

 

The purpose of TDR is to provide a certain amount of additional built-up area, in return for the area surrendered by the land owner. Developers, hence, are disappointed with the lack of additional construction benefits, for projects located near roads with a width of less than nine metres. This new policy will only benefit big developers, who are building projects along wider roads, they opine.