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Vh1 to air The Billboard Music Awards 2016 on 23 May

May 19, 2016, 9:48 am
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MUMBAI: Vh1 is all set to air the Billboard Music Awards straight from the T-Mobile Arena in Las Vegas on 23 May at 6.30 am, with a primetime repeat at 9 pm. Ferzad PaliaViacom18 EVP & Head – English and Youth Entertainment Ferzad Palia said, “In the past, we have received an incredible response for the live telecast of the Golden Globe Awards and the Grammys. The telecast of Billboards is our endeavour to further our promise of showcasing the best in English Entertainment. Award shows have a huge impact on the music industry as it witnesses the union of numerous talented musicians from across the globe. We, at Vh1, are thrilled to telecast the grand celebration of music to our audience in India.” The 2016 Billboard Awards will see the always eccentric actor and singer Ludacris along with the gorgeous supermodel and singer Ciara as hosts of the show. Top nominees for the show include The Weeknd with a whopping 19 nominations across 16 categories, followed by Justin Bieber with 12 nominations across 11 categories. Drake and Fetty Wap are both nominated 11 times, in 10 categories. Singing sensations Taylor Swift and Adele are competing with each other with eight nominations each. The Joe Jonas-led band Mendes is set to join performers P!nk and The Go-Go’s together to celebrate the 35th anniversary of “We Got the Beat” – A Go-Go’s classic hit.

Read more at: http://www.televisionpost.com/television/vh1-to-air-the-billboard-music-awards-2016-on-23-may/ | TelevisionPost.com
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Fox Sports Asia acquires broadcast rights to US Open

May 19, 2016, 9:49 am
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MUMBAI: Fox Sports announced today the acquisition of the broadcast rights to the US Open Tennis Championships. This adds to the other three tennis grand slam tournaments – Australian Open, Roland Garros and Wimbledon – that it broadcasts. With this latest acquisition, Fox Sports’ extensive portfolio of key international, regional and local rights has been further strengthened, to consolidate its position as Asia’s No. 1 regional sports broadcaster. “This is a great win for Fox Sports and we are pleased that our affiliate and broadcast partners, and tennis fans will be able to experience comprehensive coverage of the US Open, with Fox Sports’ complete suite of linear and digital/OTT platforms,” said Rohit D’Silva, EVP, Commercial & Sports, Fox Networks Group (Asia Pacific & Middle East). “The USTA is thrilled to partner with FOX Sports in Asia and looks forward to bringing premier coverage that will showcase the US Open — the highest-attended annual sporting event in the world — to fans throughout the region beginning next year,” said Lew Sherr, USTA chief revenue officer. The 5-year deal, which commences in 2017, covers linear (Pay and Terrestrial), OTT and digital platforms in Brunei, Cambodia, East Timor, Hong Kong, Indonesia, Korea, Laos, Macau, Malaysia, Mongolia, Myanmar, Papua New Guinea, the Philippines, Singapore, Taiwan, Thailand and Vietnam. In addition to the live broadcast on linear channels, tennis fans will also be able to watch free short-form clips, news updates and highlights on the Fox Sports Play app and ‪foxsportsasia.com which will enable them to enjoy the coverage of the US Open like never before.

Read more at: http://www.televisionpost.com/television/fox-sports-asia-acquires-broadcast-rights-to-us-open/ | TelevisionPost.com
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Zee Classic campaign wins at PromaxBDA India

May 19, 2016, 9:50 am
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Mumbai: Zee Classic won the Gold Award at PromaxBDA India in the category of ‘Best Out Of House Station Image’ campaign. The campaign was about repositioning the channel’s brand promise ‘Woh Zamaana Kare Deewana’ through a corporate film. The award was won in the wake of an innovative and intriguing brand film that was created by the Zee Classic channel to re-position itself among its target audience. The brand film has highlighted the indelible impact that classic movies have on people. Amidst the strenuous monotony of a busy life, these films have made a mark due to their ability to leave viewers with a smile on their faces. The brand film is aimed at creating a ‘connect’ between audiences and the golden years of Hindi cinema, a philosophy that the Zee Classic channel strongly embodies in all its offerings.

Read more at: http://www.televisionpost.com/television/zee-classic-campaign-wins-at-promaxbda-india/ | TelevisionPost.com
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Videocon d2h join CASBAA as corporate memberS

May 19, 2016, 9:51 am
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MUMBAI: Cable and Satellite Broadcasting Association of Asia (CASBAA) has added four corporate members, including global sports TV behemoth the Premier League (PL), data giant Nielsen, NASDAQ-listed Indian DTH platform Videocon d2h, and India-based law firm Trilegal. Also joining CASBAA as an associate member is branded multimedia broadcaster Rewind Networks of Singapore. CASBAA CEO Christopher Slaughter said, “The breadth of operations and the geographies covered by our new members reflect the association’s values and the fast-changing shape of our industry.

Read more at: http://www.televisionpost.com/news/videocon-d2h-trilegal-join-casbaa-as-corporate-members/ | TelevisionPost.com
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TDSAT rules against cable ops, slams oral interconnect deals

May 19, 2016, 9:53 am
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Mumbai: The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) disposed of three petitions filed by the Karnataka State Digital Cable TV Operators’ Welfare Association and the Cable Operators’ Sangram Association, Kolkata, against multi-system operators (MSO) Siti Cable Networks Ltd and Hathaway Cable & Datacom Ltd. Disposing of their petitions, Justice Aftab Alam said that the local cable operators (LCOs) who had petitioned the TDSAT had entered into informal oral arrangements on interconnection deals, which are legally invalid. The judge cited Clauses 5 (17) to 5 (20) of the Interconnection Regulations 2012, which make written agreements between MSOs and LCOs mandatory. These clauses make it mandatory for MSOs to put terms and conditions of interconnection agreements in writing. The clauses state that no MSO shall make signals of TV channels available to any linked LCO without entering into a written interconnection agreement. The judge noted that the Telecom Regulatory Authority of India (TRAI) had amended regulations to plug even the little loophole that was misused for continuing the supply of signals under DAS transmission even after the expiry of that agreement. “Further, by another amendment to the regulations, it has removed the ambivalence that was created in the scheme of interconnections as a result of fixing the shares of the MSO and the LCO by a tariff order dated 10 July 2010, as amended on 30 April 2012,” he observed. “The two amendments in the Interconnect Regulations 2012 made by TRAI during the pendency of these petitions leave nothing for adjudication in these matters and all that is required is to direct the parties to simply follow the law,” he observed. “These three cases concerning around 375 LCOs operating in two different parts of the country, Bengaluru and Kolkata, are illustrative of the malaise of distributors of TV channels entering into interconnection arrangements without any agreement in writing (or at any rate a definitive agreement) as mandated by law. In the short run, oral arrangements may appear expedient and profitable, but with the passage of time, the relationship becomes both strained and hurtful and then one of the two sides approaches the Tribunal for redressal of its grievances. This is what has happened in the three cases and a number of similar cases pending before the Tribunal,” Justice Alam said, dismissing the petitions. “Here it needs to be emphasised that these three petitions do not make an isolated case. Actually, a large percentage of cases coming to the Tribunal from the broadcasting sector have their root cause in the absence of any agreement in writing between the parties. Further, and what is more regrettable, the cases in which two distributors of TV signals happen to be in interconnection arrangement without any agreement in writing is not confined only to analogue transmission but arise almost in equal numbers under the DAS regime,” the judge observed.

Read more at: http://www.televisionpost.com/trai-tdsat/tdsat-rules-against-cable-ops-slams-oral-interconnect-deals/ | TelevisionPost.com
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Zindagi handpicks stories from across the world

May 19, 2016, 9:56 am
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MUMBAI: Zindagi launched with a promise of bringing the best stories from across the world to Indian television screens. This summer, fulfilling its brand promise of Bemisaal Kahaniyaan, the channel has launched stories that will charm our viewers with their realistic appeal, superlative character portrayals, captivating performances and their ability to satiate the sensibilities of the modern viewer. These dramas have struck an emotional chord with the audience and has provided its viewers with glimpses into the lives of people from across the world.  Zindagi has brought an all new line-up of good storytelling from India, Pakistan and Turkey. These masterpieces are a testament of Zindagi’s commitment to bring viewers good storytelling from across the world.
Commenting on the new slate of shows,  Zee Entertainment Enterprises Ltd (ZEEL) chief business officer Sunil Buch said, “At Zindagi, it has always been our endeavour to showcase unique and compelling content. We have evolved our proposition to Bemisaal Kahaniyaan with a view to bring unparalleled world-class content to its viewers in India. Showcasing stories that had universal themes is now taken ahead with some noteworthy shows that are a reflection of the channel’s brand promise. The overwhelming response from our viewers since our launch encourages us to stay ahead and continue to strive for excellence.”
From Pakistan, covering a myriad of varying emotions; this month, Zindagi presents some beautifully penned dramas. Malika- e- Aliyathat premiered on 11th May at 9.40 PM, is a family thriller written by Nadia Akhtar and is the story about making one’s dreams come true. From veteran author, Umera Ahmad, comes the tragic romantic drama that airs at 8 PM, Mohabbat Subha Ka Sitara Hai. It is a modern day Cinderella story. Premiering on 23rd May at 8.50 PM is Ishqaway, a twisted tale of love, friends, envy and family pressure.

http://www.indiantelevision.com/televisi...rld-160519
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Nick back as number one kids channel : BARC Week 19

May 19, 2016, 9:57 am
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MUMBAI: After a brief slip from the top position last week, Viacom 18's Nick jumped back to leading the kids genre in week 19 as per  Broadcast Audience Research Council (BARC) India's all India (U+R) data in NCCS All 4-14 Individuals category. It jumped on the top spot with 89053 (000’s sums) viewership ratings leading the genre, which is a slight raise from last week’s 88475 Impressions (000's).
Nick was followed by Turner International's Pogo TV in the second spot with 86107(000s sums) ratings, which has fallen from its top position last week with 95257 Impressions (000’s).
Hungama moved up the list to take the third spot with 71677 impressions (000’s), followed by  Disney Channel in fourth spot after it bagged 66158 impressions (000’ sums). Cartoon Network took the fifth spot with 63751 impressions (000’s).
When it came to the top five programs in the category, Nick’s Motu Patlu 36 Ghantey Race Against Time  dominated the airtimes with 959(000s sums), followed by Doraemon Movie: Galaxy Super Express on Hungama with 584 (000s sums) ratings.
Disney Channel’s Doraemon: Movie Gadget Museum Ka Rahasya too did well for the network, and bagged 575(000s sums).making it the third most watched program in the kids genre.


http://www.indiantelevision.com/televisi...-19-160519
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Maruti Suzuki Recalls 20,427 Units of S-Cross For Faulty Brake Part

May 19, 2016, 10:02 am
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  • The recall includes both variants of the S-Cross - DDiS 200 and DDiS 320
  • The faulty component could cause seepage of the brake fluid
  • The replacement of the faulty component will be done free of cost
[/url] [Image: maruti-suzuki-s-cross.jpg?v=3]



[url=http://www.carandbike.com/maruti-suzuki-cars]Maruti Suzuki has announced that it soon undertake a 'service campaign' to inspect a suspected fault and replace a brake part in 20,427 units of the S-Cross. The faulty component was found in the S-Cross units manufactured between April 20, 2015 to February 12, 2016 and includes both variants DDiS 200 (1.3-litre diesel) and DDiS 320 (1.6-litre diesel).

Maruti suggests that the S-Cross with faulty components could have brake fluid seepage due to the faulty part. Upon inspection, a warning light will glow on the instrument cluster revealing the issue. The service campaign will see technicians inspect and replace the faulty component, should the need be. The company confirmed that the replacement will be done free of cost for the customer.

Maruti S-Cross owners can also check if their vehicle is part of the service campaign by logging on to www.nexaexperience.com and filling the 14-digit chassis number. Owners can also contact their respective company's dealerships to ascertain if their vehicle has been impacted.

Maruti clarified that since the exercise does not fall under the SIAM's voluntary recall code, it has refrained from using the term 'recall' in its communication. The company did state that service campaigns are undertaken globally by automobile companies to rectify faults that may potentially cause inconvenience to customers.

Recalls have now grown to be a part of the Indian automotive industry since it was applied in 2012. Several manufacturers recall a number of vehicles every year for minor or major issues globally. In India alone, around 18 lakh vehicles have been recalled by various manufacturers. Maruti too recalled 33,098 units last year of the Alto 800 and K10 models for defective latches on right side doors.

http://auto.ndtv.com/news/maruti-suzuki-...rt-1408012
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Xiaomi Yi 4K Action Camera Unveiled, Features Sony IMX377 Sensor

May 19, 2016, 10:04 am
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[Image: xiaomi-4k-action-camera-specs-features-p...=640%2C427]
Xiaomi has recently unveiled  a new addition to the Yi camera lineup and it’s looking rather snazzy by the looks of things. The Yi 4K seems to fit the bill on everyday adventure-hungry Pinoys. The new Xiaomi Yi 4K action camera, like its name suggests, is capable of shooting 4K UHD videos, which is a looking rather awesome as its looks to compete with GoPro’s heavily-specced action cams of 2016.

The Xiaomi Yi 4K has a pretty decent hardware under its belt. First off, it has a 12MP Sony IMX377 sensor, which is capable of shooting stills on native resolutions with ease. Adding up to the mix is its seven-layer lens with a whopping 155-degree field of view and a f/2.8 aperture for its lens. This should give off a maximum video shooting experience. The Yi 4K action cam can shot 4K at 30fps, however, it has options of shooting at 30fps on 2.5K, 60 fps on 1440p and a few slow-mo shots ranging in from 1080p with 120fps and 960 at 120fps.
The Xiaomi Yi 4K action camera supports WiFi up to 5.0GHz and has Bluetooth 4.0 feature, with a microSD card slot to finalize the deal. Right now, the device is available for $249 or around Php 11K in Gearbox.
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LeEco Sells Record 500,000 Superphones in 100 Days in India

May 19, 2016, 10:08 am
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Sets New Industry Benchmark With Rs 500+ Million Worth Content Through LeEco Memberships 
LeEco's first 100 days in India have really been an unprecedented success. The global Internet and ecosystem conglomerate has successfully sold an astounding number of 500,000 superphones, making it a record of sorts for a new entrant in a fiercely competitive smartphone market in India.
Given its best-in-class technology and disruptive pricing, the company has made a strong mark for itself in a short span of time, evident from the soaring popularity of its three superphone models that it has introduced since its India launch.
LeEco is the pioneer in introducing the concept of content integration in the smartphones category in India. To this end, it successfully launched content membership with three partners, Eros Now, YuppTV and Hungama Music which came bundled with its blockbuster superphone Le 1s Eco. As a consequence of this and the amazing price led to the skyrocketing demand for this, 'Made for India' superphone in its two flash sales on Flipkart. Apart from the impressive number of devices sold, the company also notched up an industry first by bundling content worth Rs. 500+ million through LeEco memberships.
Commenting on the remarkable achievement, Atul Jain, COO, Smart Electronics Business, LeEco India said, "We are immensely proud to be setting new industry trends and spearheading the move to ecosystem-led devices in the country. It is very humbling to see consumer enthusiasm for our content ecosystem, and their demand for more and more original content. We're also pleased that our superphones have lived up to consumer expectations and we are committed to raising the bar with all our subsequent launches."
Le 1s Eco has successfully wooed the Indian users given it is the company's first supertainment loaded superphone available at an incredible price.
Le Eco Membership is truly a smash hit that gives users access to - 
  • 2000+ movies (in 10 languages)
  • 100+ live premium TV channels, which will happen soon through an OTA software update
  • Apart from that, users will get 5 TB cloud personal storage space
  • 3.5 million songs in 25 languages that will come live in Q3 of 2016
  • Users would also be offered a plethora of deals and discounts and live streaming of concerts from all over the world
LeEco's unique content ecosystem brings alive the company's partnerships with Eros Now and YuppTV, through its platforms - Levidi and LIVE. The third premium content under LeEco Membership Program will be LeMusic powered by Hungama Music. Le 1s Eco packs seamless interface through unique platforms - Levidi and Live, which allow users to enjoy high quality supertainment - anytime, anywhere.
Also noteworthy is the company's after-sales policies. LeEco has put in place 555 service centers in prime locations in the country, besides providing 24*7 toll free services, and other value-added services.
About LeEco: 
LeEco, formerly known as Letv, is a global pioneering Internet and technology company with multiple internet ecosystems across content, devices, applications and platforms. Founded in November 2004 by Jia Yueting and Liu Hong, LeEco employs more than 10,000 people and is the world's first video company to go public with a market capitalization of more than $12 billion USD. Headquartered in Beijing, China, it has regional headquarters in Hong Kong, Los Angeles and Silicon Valley.
With 'Complete Ecosystem, Groundbreaking technologies, and Disruptive Pricing' as the guiding principle, LeEco is engaged in a myriad of businesses, spanning from Internet-based Super TV and superphones, video production and distribution, smart devices/accessories and large-screen applications, to e-commerce and even connected super-electric cars. The company also features one of the world's largest content libraries, comprising of movies, TV dramas, entertainment shows, sports and music, which can be conveniently viewed on LeEco products, including the Superphones, Super TVs, and in the near future, Le Autos. Breaking the barriers of industries, LeEco provides personalized products and services for an enhanced user experience at disruptive prices.
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More Indians Are Now Buying Smartphones Online: Study

May 19, 2016, 10:10 am
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Nearly 79 percent of Indian consumers who are browsing for products on mobile devices are likely to buy those too, a new study revealed on Thursday.
Conducted by tech giant Yahoo and Mindshare, a global media and marketing services network, the study shows that the consumer path-to-purchase is turning more complex and non-linear, with the mobile at the centre of this evolution.
"As mobile devices become more important in the consumer's last mile of purchase decision, brands need to build targeted, more seamless shopping experience across all channels to strengthen sales and acquire new customers," said Francis Che, head of insights, Yahoo, in a statement.
A city-wise break-up for mobile transactions showed that 75 percent online shoppers in Kolkata are open to mobile transactions followed by Chennai with 64 percent and Delhi with 57 percent.
Over 90 percent of the consumers use mobile devices for quick and frequent purchases of travel, music and movies. Attractive discounts and promotions is another key driver as stated by 28 percent of online shoppers, the study added.

NDTV
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'Mahendra Singh Dhoni to Decide Whether to Tour Zimbabwe or Not'

May 19, 2016, 10:13 am
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The selection committee is likely to only make an exception for Mahendra Singh Dhoni keeping in mind that he will not have any international assignment till March 2017 during which India will play 17 Tests.

[Image: ms-dhoni-2412.jpg?downsize=764:573&outpu...format=jpg]
Mahendra Singh Dhoni is likely to decide himself whether he will be touring Zimbabwe or not.
© AFP
Highlights
  • 1India will tour Zimbabwe from June 11 to 21
  • 2India will play three ODIs and T20Is each
  • 3India will play 17 Tests from now till March 2017
New Delhi: The national selection committee under Sandeep Patil are set to leave it to limited overs captain Mahendra Singh Dhoni to decide on whether he will make himself available or not for the short tour of Zimbabwe from June 11-20.
It has been learnt that the five selectors have spoken to most of the senior India regulars intimating them that they are keen to send a new look junior team to the African nation in order to test the bench strength.
According to a reliable BCCI source, the selection committee is likely to only make an exception for Dhoni keeping in mind that he will not have any international assignment till March next year during which India will play 17 Test matches.
"Yes, it is true that selectors have spoken to some of the senior Indian players intimating them that they would be looking at juniors during this tour. While Virat Kohli, Rohit Sharma, Shikhar Dhawan were set to be rested, there were some seniors, who had made themselves available for the tour. But selectors told them that only exception may be made for Dhoni, who no longer plays Test cricket," a top BCCI source told PTI.
"The selection committee has left it completely on Dhoni to decide whether he wants to go or not. He is free to opt out as he has also played a lot of cricket but if he does not go, he will not have a single limited overs assignment till March next year. In case Dhoni is reluctant, then Ajinkya Rahane is the likely choice to lead the side," the source added.
"Also Zimbabwe is a nine-day trip with all matches being held at the same venue (Harare Sports Club ground). It will not be hectic in terms of traveling also," the source further added.
The other objective will be to check out the youngsters, who have emerged after a good IPL season as to how they absorb the pressure of playing for the senior national team although Zimbabwe are not exactly the toughest side in international cricket.
Murali Vijay and KL Rahul are two players who have a fair chance of making it to the Zimbabwe bound tour. In fact Vijay last played limited overs cricket in Zimbabwe last year under Rahane's leadership. Rahul is also set to get a look in after an impressive IPL.
Among the pacers, Jasprit Bumrah, who is a regular in T20 Internationals may like to play the three ODIs adding to his kitty of a solitary 50-over match at the international level.
Mohammed Shami, Sandeep Sharma, Mohit Sharma are some of the contenders with Ashish Nehra already being ruled out for atleast four months due to a career-threatening hamstring tendon injury.
Leg-spinner Murugan Ashwin, all-rounder Krunal Pandya are some of the names that will be discussed. Some of the tested players like Amit Mishra, Piyush Chawla may also get a look-in but if the selectors opt for youth policy, they may not be considered. Ditto for KKR veterans Gautam Gambhir and Yusuf Pathan, who have done well but are in their mid-30's.

NDTV
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Sun TV Shares Sink On DMK's Defeat In Tamil Nadu Polls

May 19, 2016, 10:14 am
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Sun TV shares sank as much as 14 per cent on Thursday as the opposition DMK, a favourite to win in Tamil Nadu according to exit polls, finished second behind ruling AIADMK.
 
Chief Minister J Jayalalithaa's AIADMK was leading in 126 of the state's 234 seats as of 4 p.m. Opposition DMK-Congress combine was ahead in 105 seats in Tamil Nadu.
 
Exit polls had predicted that Tamil Nadu will stick to the trend of voting in the opposition party - in this case M Karunanidhi's DMK in a strategic alliance with the Congress.
 
A victory for the AIADMK is a setback for Sun TV, whose top management is seen to be close to the opposition DMK, traders said. Chennai-based Sun TV is owned by Kalanithi Maran, the grandnephew of DMK President M Karunanidhi.
 
"Sun TV stock is driven by the way election results are going... The stock rose significantly on the back of exit poll results. Now, with the leads, the stock is moving where the trend is moving," said Lancelot D Cunha of Crest Wealth Management.
 
Mr Cunha told NDTV Profit that the Tamil Nadu trends are a surprise for stock markets.
 
Sun TV shares had risen sharply over the last few days on hopes of a DMK victory in Tamil Nadu. Its shares closed 13.21 per cent lower at Rs. 371, underperforming the Nifty, which declined 1.19 per cent.
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HSBC To Shut Down Half Of Its Branches In India, 300 Jobs To Go

May 19, 2016, 10:15 am
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Highlights
  • HSBC to halve the number of branches to 26, leading to 300 job losses
  • It is the result of a review of retail and wealth management vertical
  • The bank will however continue to invest in the retail operations
More From Corporates
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  • Syndicate Bank Adds Fresh NPAs Of Rs. 12,200 Crore In FY16

  • Swapan Dasgupta Resigns As Director Of Larsen & Toubro

  • Global Smartphone Sales Up 3.9% In Q1 2016: Report

  • ArcelorMittal's $1.5 Billion Bond Buyback Gets Lukewarm Response

  • Infosys Chief Vishal Sikka Takes Home Rs. 48.73 Crore Pay In FY16

Mumbai: British lender HSBC on Thursday announced a consolidation exercise under which it will almost halve its branches in the country to 26 as customers shift to digital alternatives for their banking transactions.

The exercise will also lead to over 300 jobs being affected, which is less than one per cent of its total workforce of over 33,000 people in the country, and "redeployment opportunities will be accorded to the affected employees", the bank said.

"A key priority is the fair treatment of our staff and we will do everything we can to assist affected employees during this business transition. Redeployment opportunities will be accorded to the affected employees," it said in a statement.

The total number of branches will be coming down to 26 in 14 cities from 50 in 29 cities earlier, with a bulk of the impact in smaller centres.

It added that the impacted branches account for only 10 per cent of the customer base in the country. The reduction in branches is due to customers' adoption of digital solutions, it said.

"This change reflects changes in customer behaviour, who are increasingly using digital channels for their banking," the bank said.

"India is a priority market for HSBC and we will continue to invest to achieve sustainable growth by supporting the needs of our customers," HSBC India's chief executive Stuart Milne said.

The consolidation exercise is the result of a strategic review of retail and wealth management vertical and will be
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carried out in the coming months in a phased manner, said HSBC, which has been present in India since 1853.
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Currency Notes In India May Soon Get A New Look

May 19, 2016, 10:17 am
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Highlights
  • Central board of RBI recommended new set of designs for banknotes
  • Board also discussed national and international macroeconomic scenario
  • Operations relating to government's banking business was reviewed
More From Economy
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  • RBI Aligns Rules For FDI In CICs

  • Faster Fiscal Consolidation Key For India Ratings Upgrade: Moody's

  • India, Slovenia Sign Pact To Amend Tax Treaty

  • Government's Fiscal Deficit Target May Change To A 'Range': Nomura

  • Centre, States Food Ministers To Discuss Price Rise On May 21
    [url=http://profit.ndtv.com/news/economy/article-centre-states-food-ministers-to-discuss-price-rise-on-may-21-1407922]
Mumbai: Currency notes in India may soon carry a new look with the central board on Thursday recommending to the government a new set of designs for banknotes.

The central board of the apex bank also took stock of the macro-economic situation and reviewed issues related to cyber security and currency management at a meeting held here.

The central bank said in a statement that the board discussed the national and international macroeconomic scenario and also reviewed the working of specific areas of operations of RBI, including information technology and cyber security, and establishment of IT subsidiary of the RBI.

Operations relating to government's banking business, statistical and information management related activities, customer complaints in respect of banking services and currency management operations were also reviewed.

"Certain other issues of immediate concern to the working of the Bank were also discussed and approved. The Central Board also discussed and recommended to the Government a set of designs for the new banknotes series which, on approval from the Government, will be introduced in due course," the statement said.

It, however, did not divulge any further details about the banknote designs.

The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others.

Shaktikanta Das, Secretary, Department of Economic Affairs, who is government nominee director on the Board also attended the meeting.
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Global Smartphone Sales Up 3.9% In Q1 2016: Report

May 19, 2016, 10:18 am
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New Delhi: Global sales of smartphones totaled 349 million units in the first quarter of 2016, up 3.9 per cent over the year-ago period, driven by demand for low-cost and 4G-enabled handsets, research firm Gartner said.

Smartphone sales represented 78 per cent of total mobile phone sales in the first quarter of 2016, it said in a report.

"Smartphone sales were driven by demand for low-cost smartphones in emerging markets and for affordable 4G smartphones, led by 4G connectivity promotion plans from communications service providers (CSPs) in many markets worldwide," Gartner said.

In a slowing smartphone market where large vendors are experiencing growth saturation, emerging brands are disrupting existing brands' long-standing business models to increase their share, Gartner Research Director Anshul Gupta said.

"With such changing smartphone market dynamics, Chinese brands are emerging as the new top global brands. Two Chinese brands ranked within the top five worldwide smartphone vendors in the first quarter of 2015, and represented 11 per cent of the market," he added.

Samsung led the market with 23.2 per cent share, followed by Apple (14.8 per cent), Huawei (8.3 per cent), Oppo (4.6 per cent) and Xiaomi (4.3 per cent).

"Samsung's Galaxy S7 series phones and renewed portfolio positioned it as a strong competitor in the smartphone market, and more so in the emerging markets where it has been facing fierce competition from local manufacturers," Mr Gupta said.

On the other hand, Apple had its first double-digit decline year-on-year, with iPhone sales down 14 per cent. Lenovo disappeared from the top five smartphone tally in the first quarter of 2016.

"Lenovo had another challenging quarter with its worldwide smartphone sales declining 33 per cent... Lenovo is also struggling to bring synergies with Motorola's device business, managing lower costs and overheads of the two brands," Mr Gupta said.

In terms of the smartphone operating system (OS) market, Android regained share over iOS and Windows to achieve 84 per cent share.

Apple's iOS had 14.8 per cent share, while Windows and BlackBerry had 0.7 per cent and 0.2 per cent share, respectively.

NDTV
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Major earthquake of magnitude 8 or greater may hit Jammu and Kashmir: study

May 19, 2016, 10:23 am
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Washington: A major earthquake, of magnitude 8 or greater, may strike Jammu and Kashmir , endangering the lives of as many as a million people, latest geologic mapping in the Himalayan mountains of the state suggests.
Scientists have known about the Riasi fault in Jammu and Kashmir, but it was not thought to be as much as a threat as other, more active fault systems.
However, following a magnitude 7.6 earthquake in 2005 on the nearby Balakot-Bagh fault in the Pakistan-occupied Kashmir - which was not considered particularly dangerous because it was not on the plate boundary - researchers began scrutinising other fault systems in the region.
They found that the Riasi fault has been building up pressure for some time, suggesting that when it does release or "slip," the resulting earthquake may be large - as much as magnitude 8.0 or greater.
"What we set out to learn was how much the fault has moved in the last tens of thousands of years, when it moved, and how different segments of the fault move," said Yann Gavillot, lead author on the study who did much of the work as a doctoral student at Oregon State University in the US.
"What we found was that the Riasi fault is one of the main active faults in Kashmir, but there is a lack of earthquakes in the more recent geologic record.
"The fault hasn't slipped for a long time, which means the potential for a large earthquake is strong. It's not a question of if it's going to happen. It's a matter of when," said Gavillot.
There is direct evidence of some seismic activity on the fault, where the researchers could see displacement of the Earth where an earthquake lifted one section of the fault five or more meters - possibly about 4,000 years ago.
http://zeenews.india.com/news/india/majo...86907.html
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Bihar cricket body threatens perjury case against BCCI secretary Anurag Thakur

May 19, 2016, 10:24 am
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[Image: 490417-anurag-thakur-nwgen-700.jpg]

New Delhi: Cricket Association of Bihar (CAB) secretary Aditya Verma on Thursday threatened to file a case of perjury against Board of Control for Cricket in India (BCCI) secretary Anurag Thakur.
"My legal team is ready to file perjury against Anurag Thakur for his false statement in the Supreme Court during the hearing of SLP no 35160/13 & Civil appeal 4235, 4236/14 & 1155/15 in the matter related to affiliation of Bihar Cricket," Verma said in a statement.
"We have enough affidavits of Anurag Thakur which showed that how they tried to cheat the young cricketers of Bihar by given continuously wrong statements on oath in the highest court of the country," the statement added.
Verma also added that "from last 16 years, after the bifurcation of the state of Bihar, the budding cricketers of Bihar have failed to show their talents at the state, national or international level due to step-motherly behaviour of BCCI".

http://zeenews.india.com/sports/cricket/...87206.html
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