Telecom’s share in NPAs a concern

commodity tips

 

Best services for customers with full technical support make your Financial Trading more easy click here to subscribe us for free >> http://www.ripplesadvisory.com/free-trial.php

 

Reliance Jio’s entry with free voice and data has led to a brutal price war in the telecom industry, hurting revenue and profitability of incumbents amid ballooning debt, increasing the sector’s share of non-performing assets, which is a cause for worry, the Economic Survey said.

 

“With the introduction of Reliance Jio Infocomm on 5 September 2016, competition extended from cheaper calls to cheaper data,” the Economic Survey Volume 2, released Friday, said.

 

Jio’s pricing scheme “forced incumbent telecom firms” to cut voice call rates and cost of 1GB data to average $1.9 during January-March 2017, the survey added. Adjusted gross revenue of the top three telecom companies in India – Bharti Airtel, Vodafone India, and Idea Cellular – fell sequentially by 7.98 per cent, 5.14 per cent and 4.91 per cent respectively in the third quarter of FY17.

Son just pulled off an impressive judo flip on Snapdeal

free stock tips

 

 

Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >> http://www.ripplesadvisory.com/free-trial.php

 

Just as we started to question Masayoshi Son’s sanity for attempting to buy, well, everything, the Japanese visionary pulled off an impressive judo flip in India.

 

As the largest backer of e-commerce start-up Snapdeal, Son’s SoftBank Group Corp. had been trying to engineer a merger with Flipkart Group so the combined entity could better take on Amazon Inc.

 

Like petulant children refusing to eat their greens, Snap’s co-founders scuttled that deal despite it being best for the company’s health. “No worries,” thinks Son. “I’ll invest in Flipkart instead.”

 

Like petulant children refusing to eat their greens, Snap’s co-founders scuttled that deal despite it being best for the company’s health. “No worries,” thinks Son. “I’ll invest in Flipkart instead.”

 

 

Deflation stalks India, farm loan waivers might hit GDP by 0.7%

Free stock tips

In the second volume of the Economic Survey for 2016-17, which was released on Friday, Chief Economic Advisor Arvind Subramanian argued that the Indian economy faced significant short-term concerns, saying it was subject to strong deflationary pressures.

 

Make sure your Financial Advisors worth their fees here we’re letting you know us more who we actually so click here to TRADE UP >> http://www.ripplesadvisory.com/free-trial.php

 

The growth outlook was more subdued than when the first volume was presented just before the Union Budget for 2017-18 in February; the Survey said all indicators “pointed to a deceleration in real activity since the first quarter of 2016-17, and a further deceleration in the third quarter”. The Survey retained its prediction of GDP growth in 2017-18 coming in at between 6.75 and 7.5 per cent but said that “outcomes closer to the upper end” were considerably less probable now than they had been earlier. The Survey also warned that current growth would be difficult to sustain given underlying factors.

Sun Pharma says it sought re-inspection of its Halol facility, awaiting US FDA response

commodity tips

 

Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >> http://www.ripplesadvisory.com/free-trial.php

Sun Pharma, India’s largest drug maker on Friday said it has completed remediation exercise at its Halol plant in Gujarat and made a request to the US FDA for re-inspection.

“The remedial steps to address these observations are now complete and we are now awaiting a re-inspection by the US FDA,” said Dilip Shanghvi, Managing Director of Sun Pharma in the company’s earnings call.

“Till we have a successful outcome from the re-inspection we will not get any approvals from this facility,” Shanghvi added.

Shanghvi said the drug maker is giving top priority to bring back Halol unit under compliance.

The US FDA re-inspected the Halol facility from November 17, 2016, through December 1, 2016, and issued nine Form 483 observations.

Halol is an important plant for the company and contributed 10-15 percent to its US sales before the factory received a warning letter from the US FDA for violation of manufacturing norms in December 2015.

SEBI calls on exchanges, clearing corps to better deal with tech glitches- JOIN US FOR MORE DAILY FREE INTRADAY TIPS

Stock Cash Tips

 

 

LIMITED OFFERS- FREE TRIALS- CLICK HERE FOR MORE FREE STOCK TIPS >> http://www.ripplesadvisory.com/free-trial.php

 

Market regulator Securities and Exchange Board of India (SEBI) admonished stock exchanges, clearing corporations and depositories on Friday to have procedures in place to deal with technological disruptions or cyber attacks, and to quickly share any information when such instances occur.

 

In a statement, SEBI added it would also undertake “a comprehensive review” of the technology and systems deployed at these institutions.

 

The statement comes after SEBI convened a meeting of relevant parties on Friday following a technology glitch at the National Stock Exchange (NSE) earlier this month that led to a near five-hour long trading disruption.

 

SEBI added NSE had assured the regulator at the meeting that the exchange was strengthening its internal processes “to further reduce the response time for recovery and also the adoption of automated processes.”

RBI Governor meets Jaitley before monetary policy review

Free Stock Tips

 

Ahead of the Reserve Bank of India’s (RBI) forthcoming monetary policy review next week, RBI Governor Urjit Patel held his customary meeting with Finance Minister Arun Jaitley here on Friday.

 

Most valuable Financial Advisory with the name of accurate tips provider here invites you to trade in a financial market with risk-free work click here for more >> http://www.ripplesadvisory.com/free-trial.php

 

A Finance Ministry source here said that following his meeting with Jaitley, Patel also met the new Economic Affairs Secretary Subhash Chandra Garg.

 

The six-member monetary policy committee (MPC) of the RBI headed by Patel will meet on August 1-2 in Mumbai for the third bi-monthly policy review of the fiscal in the backdrop of latest macro data strengthening the case for an interest rate cut by the central bank.

 

Retail inflation in June dropped to a record low of 1.54 per cent, while industrial production data showed that the growth in factory production fell to 1.7 per cent in May, from 8 per cent in the same month a year ago.

 

At its second bi-monthly monetary policy review of the fiscal on June 7, the Reserve Bank of India maintained status quo on its repo, or short-term rate for lending to commercial banks, at 6.25 per cent. In doing so, the policy statement said the six-member MPC was guided by the risks to inflation.

Indian ADRs: Dr. Reddy’s Lab slips 3.3%, ICICI Bank, Tata Motors down

Free Stock Cash Tips

 

 

IF YOU ARE FINANCIAL TRADER SO WE ARE OFFERING YOU THE BEST SERVICE FROM THE INDIA STOCK MARKET THROUGH OUR INTRADAY CALLS- INTRADAY TIPS, FREE TRIALS FOR SOME DAYS ARE ALSO AVAILABLE CLICK HERE AND JOIN US NOW OFFERS ARE LIMITED >> http://www.ripplesadvisory.com/free-trial.php

 

 

Indian ADRs ended lower on Friday. In the IT space, Infosys fell 0.32 percent at USD 15.59 and Wipro shed 0.04 percent at USD 6.12.

 

 

In the banking space, ICICI Bank declined 0.24 percent at USD 9.48 and HDFC Bank was down 0.03 percent at USD 96.29.

 

 

In the other sectors, Dr. Reddy’s Laboratories tumbled 3.37 percent at USD 38.30 and Tata Motors slipped 1.06 percent at USD 34.49.

 

 

Contact us on 9644405056 ( FREE TRIALS )

 

S&P 500 dented by earnings; Dow hits record high

Commodity Tips

 

Best Offers for Indian Stock Market Traders- Free Stock Cash Tips– Free Trials For Two days Call on 9644405056

 

The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies.

 

The Dow industrials, however, set a record high, buoyed by Chevron after the energy company’s results.

 

Despite Friday’s share reactions, results overall have come in better than expected for the second quarter and stocks are trading near record highs.

 

More than halfway through reporting season, S&P 500 companies are on track to increase earnings by 10.8 percent.

 

Investors were also digesting data showing the US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more in equipment.

 

Reliance rattles Indian telcos again by unveiling ‘free’ 4G phone

Free Stock Tips

 

 

India’s disruptive new mobile entrant Reliance Jio, backed by the country’s richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilizing established telecoms players.

 

Click here for Free Intraday Tips >> http://www.ripplesadvisory.com/free-trial.php  

 

Jio has enjoyed a meteoric rise since its launch a year ago, with its months of free services and sharply discounted plans battering the fortunes of incumbents such as Bharti Airtel and Idea Cellular, who have seen revenues and profits shrink dramatically.

 

Despite Jio’s rapid rise, funded by mega-profits churned out by parent Reliance Industries’ core refining and petrochemicals operations, it has been unable to tap more than 500 million non-smartphone users in India, who still rely on old feature phones to make calls and send text messages, as its network only supports 4G-enabled phones.

 

Reliance sees the new handset, named JioPhone, allowing it to target India’s entire mobile market for the first time.

 

The new phone will “effectively cost zero” as buyers would be able to get the device for a one-time refundable security deposit of 1,500 rupees ($23.3), said Ambani, chairman of Reliance Industries, announcing the launch at the conglomerate’s annual shareholders’ meeting.

 

The announcement, which was greeted by applause from shareholders at a packed auditorium in south Mumbai, sent shares in rivals Airtel and Idea down 2 percent and 3.3 percent, respectively.

 

Government mulls insurance cover for digital transaction frauds

nse tips

 

The government is “very seriously” considering the recommendations of the Chandrababu Naidu committee on digital payment security, including insurance cover for the victims of fraudulent digital transactions, a union minister said on Friday.

 

One a one MISSED CALL on @9644405056 you can have your Free Trials for two days in Share Market so why are you waiting for, Hurry up! SUBSCRIBE US >> http://www.ripplesadvisory.com/free-trial.php

 

In response to a question by Samajwadi Party MP Naresh Agrawal, Union Electronics and Information Technology Minister Ravi Shankar Prasad told the Rajya Sabha that the number of digital transactions in the country was rising and hence the concern for their security.