Showing posts with label Business Standard. Show all posts
Showing posts with label Business Standard. Show all posts

Sunday, 21 October 2018

India Vs West Indies 1st ODI Highlights: Kohli, Rohit help India crush WI

Kohli scored his 36th ODI century while Rohit Sharma smashed his 20th ODI century.

They came, They saw, they scored centuries. If today's match description was to be squeezed into a small pararaph, this is how it would look.
Virat Kohli and Rohit Sharma left no area on the field whre they did not score runs. It was raining runs and West Indies bowlers unfortunately had no cover. The just saw the ball clear the fence, race past them for boundaries and all they could do was witness the spectacle that both the batsmen put.
Kohli scored his 36th ODI century while Rohit Sharma smashed his 20th ODI century.
India crushed West Indies by 8 wickets, chasing a huge target of 323 runs with 47 balls to spare. With this, India lead 1-0 in the 5-match ODI series.
India cptain Virat Kohli was adjudged man of the match for his prolific 140 runs in 107 balls including 21 fours and 2 sixes.
Kohli also completed his 2000 plus runs in third successive year and is 81 runs away from his 10,000 runs.
Rohit Sharma scored 152 off 117 balls including 15 fours and 8 sixes, but his innings was mostly eclipsed by Virat Kohli's rampage, who showed no mercy right from the start and punished West Indies bowlers left, right adnd centre.
Earlier, West Indies did not have a good start with three of their batsmen back into the pavilion without contributing much including senior most player in the side Marlon Samuels who was out for a duck. But their innings caught momentum after being catalysed by Keiron Powell who scored half century and then it all revolved around Hetmyer who went on to score his 9th ODI century.
Others who came to bat did cameos but West Indies put up a 300-plus total largely because of Hetmyer's brilliant knock and a much needed one on the day.
For India, Umesh Yadav and Khaleel Ahmed picked 3 wickets each, conceding 64 runs each in their 10 overs and Mohammed Shami had a tough day as he splurged 81 runs in his 10 overs picking 2 wickets.
For West Indies, Devender Bishoo picked 2 wickets and Oshane Thomas was the other successful bowler, picking a wicket for 83 runs in 9 overs.
Ashley Nurse, who made his debut today, lacked the sharpness as he conceded 63 runs in 7 overs.(more)

Thursday, 18 October 2018

As health apps enter medical mainstream is there a way to bring some order?

The FDA has been doing away with regulatory action altogether on many diagnostic health apps targeting consumers
The heart rate monitor built into the new Apple Watch has sparked sharp debate over its risks and benefits, even though the feature was cleared by the Food and Drug Administration.
But out of the spotlight, the FDA has been doing away with regulatory action altogether on many diagnostic health apps targeting consumers, seeking to accelerate digital health adoption by defining many of these as “low risk” medical devices.
As the number of mobile Health apps surged to a record 325,000 in 2017, app performance is going largely unpoliced, leading to what’s been dubbed a “Wild West” situation. Unfortunately for health consumers, the public can’t rely on the research community to play the role of sheriff.
When colleagues and I recently examined the medical literature on direct-to-consumer diagnostic apps in a study published in Diagnosis, we repeatedly found studies marred by bias, technological naïveté or a failure to provide crucial information for consumers. There was also a glaring lack of studies with actual consumers to see how they use these apps and what the impact on individual health, whether for better or worse, might be.
The app will see you now?
Interactive diagnostic apps now go well beyond “Dr. Google” keyword searches. They promise personalized information on whether a nagging symptom can likely be relegated to self-care or whether a visit to the doctor’s office or even the emergency room may be needed. Some of these apps become so popular that they have been downloaded tens of millions of times.
To understand whether the promising nature of these apps is backed up by the evidence, we searched both the peer-reviewed literature and nonacademic sources. T-he disturbing unreliability of that evidence for the average consumer is starkly visible when you consider apps that “advise” (a carefully chosen word) whether you might have skin cancer.
There are hundreds of cancer-related apps. Perhaps because melanoma rates have been rising for decades and it’s one of the most common young adult cancers, the largest group of articles we found focused on dermatology apps. One of the most prominent is Skin Scan.
If you’re a physician or reasonably savvy consumer, Google Scholar provides the easiest access to evidence-based information. One of the first results that pops up is a 2013 article entitled, “Skin Scan: A demonstration of the need for FDA regulation of medical apps on iPhone.” If that title suggests a certain lack of objectivity, the problem isn’t limited to dermatology. We also found an orthopedist examining whether a symptom checker could “guess” the right diagnosis, and an ear, nose and throat doctor investigating whether an app could diagnose his own patients as well as he could.
That Skin Scan study sounding the alarm on regulation warned of a substantial potential for harm. Yet a separate study of the same app published online two years later was much more positive.
Did app developers pour in improvements, or was it that the first researchers used their own skin growth photos while the second group used the smartphone’s images? (more)

Thursday, 6 September 2018

Rich Indian parents buying property in London with eye on kid's schools

Indians have emerged as the fourth-largest group of overseas buyers of property in London

Rich Indian parents keen to educate their children at leading British schools have helped drive up overseas demand for homes in London, a high-end estate agent has found in its latest property analysis report.
Indians have emerged as the fourth-largest group of overseas buyers of property in London, after China, Russia and the US, which has led to 2 billion pounds of investment over the past year, Knight Frank notes in its 'Wealth Report' released this week.
"Education is an important demand source among Indians in the central London million-pound-plus market," said Liam Bailey, Knight Frank's head of research.
"The attraction for wealthy parents is to find good private schools in the UK, particularly London, which then provides a boarding option for parents who can visit over the holidays. Also, it is longer term investment, as a base for the student who may go on to university in the UK and explore future job prospects in the country," he explained.
The 'Wealth Report' also finds that the number of Indian "demi-billionaires", or those with a net worth of USD 500 million, is set to rise from 200 in 2017 to 340 in 2022, with demand for property in London expected to remain robust within this segment.
According to Bailey, the trend among buyers from India contrasts with that from Southeast Asian countries as Indians are open to both newer as well as more traditional developments to invest in.
While buyers from Singapore and Hong Kong tend to focus only on new-build properties, Indians are willing to invest in both new-build and more established homes in prime London areas of Mayfair and Chelsea.
"Among the younger Indian demographic, we are also seeing a trend of investing in the City (financial hub), east of London. The Indian demand is fairly broad," Bailey said.
Overall, Knight Frank's analysis found that the uncertainty engendered by the Brexit process of Britain's impending exit from the European Union (EU) next year does not appear to be having any significant "dampening effect" on the attraction of London's most expensive properties for local or global buyers. (more)

Apple shelving UPI shows how foreign giants trip over Indian regulations

The first of the issues is the data localisation recommended by RBI; then there are Justice Srikrishna panel's draft privacy Bill, health ministry guidelines, and even the national e-commerce policy

It is an oft-repeated, well known story, only the actors keep changing. For more than a year, Facebook-owned instant messaging giant WhatsApp has been looking to foray into India’s thriving digital payments industry but has moved little beyond a beta launch. Now, it is the $1-trillion US tech giant Apple that cannot find it in itself to launch a proprietary payments product using the country’s flagship Unified Payments Interface (UPI), suggest reports.
Apple’s move to shelve its UPI plan comes at a time when Google has placed massive bets on the Indian payments ecosystem, especially with its Google Tez app, recently rebranded to Google Pay, which allows people to pay, collect and request payments using UPI. However, Google isn’t too sure of its own future, either. The company is known to be assessing its plans in India, considering strict data localisation norms.
If the UPI values are rising at a breakneck speed each month – they have eclipsed credit card spends in the country – what could possibly be the reason for the three big giants in India’s digital story remaining largely out of the race? Regulations!
The first of the lot is data localisation as recommended by the Reserve Bank of India. Then there are Justice Srikrishna panel’s draft privacy Bill, guidelines of the health ministry, and even the national e-commerce policy. Data localisation simply means storing specific data related to individuals inside the geographic boundaries of the country. However, to different departments it means different things, and it can get confusing for companies.
For instance, earlier this year, RBI issued its master directions and gave companies six months to move to the country all payments and financial data related to Indian cities. RBI also used the phrase “only in India”, implying none of this data could be taken outside of the country for processing.
India’s payment industry has traditionally depended on giants like Mastercard, Visa and American Express, which brought a plastic money boom to the country. These three companies are known to process data at their master data centres outside India, so setting up new data centres just to satisfy RBI’s conditions did not go down too well with these players. (more)

Wednesday, 22 August 2018

MHRD announces entrance dates; JEE Mains to be held twice in 2019

All the exams will be computer-based except for NEET, which will be conducted in pen-and-paper mode

The Ministry of Human Resource Development (MHRD) on Tuesday announced the schedule for various entrance examinations till May 2019 to be conducted by the newly-established National Testing Agency (NTA).
It announced the schedule for UGC-NET, JEE Main I & II, CMAT & GPAT, and NEET-UG.
All these exams will be computer-based except for NEET, which will be conducted in pen-and-paper mode as before. This mode of writing exam was kept unchanged at the request of the Health Ministry.
"The change in the NEET exam pattern (as against the statement made on July 7, 2018) -- which will now be a single exam in pen-and-paper mode and in the same number of languages as has been conducted last year -- is on the request of the Ministry of Health and Family Welfare, which wanted the same pattern as last year's to be maintained," the HRD Ministry said in its statement.
While declaring the establishment of NTA, the Ministry had in July said that all these exams will be conducted online.
As per the schedule announced on Tuesday, the UGC-NET will be conducted on several days during December 9-23, 2018; JEE-Main I on days between January 6 and 20, 2019, while JEE-Main II will be held between April 6 and 20, 2019.
The CPAT-GMAT entrance, earlier conducted by the All India Council for Technical Education, will be conducted by the NTA now on January 28 and NEET-Undergraduate on May 5 next year.
The Ministry said that through NTA it has also established 2,697 Test Practice Centres (TPCs) in schools and engineering colleges for candidates to practice and familiarise themselves with the pattern of the exams.
These centres will be available to the candidates on Sundays and Saturdays starting from September 1 and will be free of charge.
"The TPCs will have a downloaded Computer Based Test (CBT) which will be similar to the actual test to be conducted on the exam day. (more)

Tuesday, 14 August 2018

Microsoft builds digital solution for CBSE to prevent question paper leaks

At present, the solution is having its pilot run, but it has passed the first test with flying colours


The Central Board of Secondary Education (CBSE), which came under heavy criticism this year following the leak of class 10 mathematics paper and class 12 economics paper, has forged a partnership with tech giant Microsoft to prevent such leaks in the future.
The paper leaks triggered nation-wide outrage among students and parents. This set the CBSE, which has 20,299 schools in the country, in action, paving the way for the partnership with Microsoft which developed an encrypted security solution for digital question papers for the board within a period of three months.
"We have developed for CBSE an innovative solution which makes question papers leak-proof until 30 minutes prior to the start of the examinations," Anil Bhansali, Managing Director, Microsoft India (R&D) and Corporate Vice President, Cloud and Enterprise, told IANS in a telephonic interaction.
"But if the question papers get leaked after they are allowed to download (just half an hour before the start of the exam) due to some bad actors, the system allows easy traceability as question paper for each centre are watermarked," Bhansali said.
At present, the solution is having its pilot run, but it has passed the first test with flying colours, Microsoft claimed.
As part of their collaboration, CBSE and Microsoft successfully executed in July the first ever pilot of the digital question paper generation and delivery process at 487 centres for compartment examinations for class 10.
How does the system work?
The system allows the Controller of examination to track the entire process using a software solution built on Windows 10 and Office 365.
The overall process is encrypted and a two-factor authentication process is embedded. So examiners will have to identify themselves before they can download the examination papers. They are allowed to download the papers (after authetification) only 30 minutes prior to start of the exams. (more)

Monday, 13 August 2018

Planning to buy Samsung Note 9? Here's what it will cost in India

The Note 9 smartphone would be available in India in three colours Midnight Black, Ocean Blue and Metallic Copper

Electronics major Samsung has said it will start shipping its premium flagship ' Samsung Note 9 ' in the Indian market, priced Rs 67,900 onwards.
The device, which was unveiled on Thursday at the Barclays Centre in New York, is available for pre-booking in India with availability expected to begin later this month.
"Galaxy Note 9 will be available in 128GB and 512GB variants and will be priced at Rs 67,900 and Rs 84,900, respectively," Samsung said in a statement. It, however, did not disclose the date of availability.
The Note 9 smartphone would be available in India in three colours Midnight Black, Ocean Blue and Metallic Copper, it added.
The Note 9 will be available in select markets from August 24, 2018, it had announced on Thursday.
In a separate statement, telecom operator Bharti Airtel said the Note 9 (128 GB) will be available through its online store.
"Customers can pre-order the smartphone on the Airtel Online Store starting August 11, 2018 and Airtel will begin the delivery of the device starting August 22, 2018," it added.
The Note 9 will compete head-on with Apple's iPhones as well as OnePlus' smartphone among other smartphones in the premium smartphone category in the Indian market.
The premium smartphone segment in India is niche but mirrors global trends in terms of growth. While the category accounts for less than 10 per cent of the Indian market in terms of shipment, the value contribution is higher. Estimate suggest that quarterly smartphone shipments in the category range between 1-1.5 million units.
Earlier this year, Samsung had unveiled the latest edition of its other flagship Galaxy S9, priced at Rs 57,900 onwards.
According to market watchers, Samsung is betting heavily on the success of its flagship devices in India, which is among the largest smartphone markets.
Globally, the premium smartphone market accounts for almost one-fifth of the total market. According to Counterpoint Research, Samsung's Note series contributes to roughly one-tenth of the global premium smartphone market.
It features 6.4-inch display, 12MP dual rear and 8MP front camera and 4,000 mAh battery. It will have two variants -- 6GB RAM/128GB internal memory (expandable up to 512GB) and 8GB RAM/512GB internal memory (expandable up to 512GB).
Samsung has incorporated bluetooth capability in its signature S Pen stylus, which can be used to control music playback and camera shutter. Besides, the company has also added artificial intelligence (AI) features to enhance camera capabilities.

Reliance Jio GigaFiber with GigaTV may cost Rs 500 a month; launch in Nov

Pre-registrations for the Reliance Jio GigaFiber service would begin from August 15 on Jio.com and My Jio app. However, the service is not expected to launch before the last quarter of this month

Reliance Jio, the telecommunication service provider promoted by Mukesh Ambani, is gearing up to foray into the home broadband segment with the launch of Jio GigaFiber fibre-to-the-home (FTTH) internet service, which was announced at Reliance Industries' 41st Annual General Meeting. The pre-registrations for the service would begin from August 15 on Jio 4G LTE Network and My Jio app. However, the service is not expected to launch before the last quarter of this month.
At the RIL AGM, Ambani had announced that the Reliance Jio GigaFiber had already been under testing in several cities and it would launch simultaneously in around 1,100 cities for homes, small and medium businesses and big corporate houses. He had also announced that the pre-registration for Jio GigaFiber home broadband would open from August 15, and a location that receives most users’ interest would be among the first locations to get the service.
With the Reliance Jio GigaFiber service, the company is promising internet speed of up to 1Gbps. However, the company did not share some information like the preliminary connection cost, security deposit and details of monthly plans. But a recent news report in the Economic Times hints that the company would focus on volumes to drive demand. Therefore, it would offer broadband services bundled with DTH services at about Rs 500 a month, or effectively half the price of what other cable operators charge for similar services.
As for add-on features of the Jio GigaFiber, unlike most other broadband services, this would not be limited only to internet connection. The FTTH internet service would act as an underlying technology that would allow the company to foray into home automation, home surveillance, landline and cable television services. However, in the beginning, the broadband connection would have only internet services and Jio GigaTV service, which was also announced during the RIL AGM 2018.
The GigaTV set-top-box would offer internet-based digital content services, along with access to Jio’s app suite. Interestingly, the set-top-box would also support a video calling feature, allowing users to make video calls from their televisions. It is to be seen how the feature would work as the televisions currently do not support camera, in-build or external. The GigaTV remote would be voice-enabled, which would make it work with voice commands – something similar to how Amazon’s Fire Stick remote works.

Wednesday, 8 August 2018

Changes in date of birth more than once may require visit to UIDAI office Edit

These changes have been incorporated in the Aadhaar (Enrolment and Update) Regulations, 2016, and have come into effect from July 31

Changes in date of birth of an Aadhaar holder "more than once" may entail a visit to the regional office of the Unique Identification Authority of India, according to a recent official notification.
"...Provided that the date of birth of resident can be updated only once. In case, the date of birth is to be updated more than once, it can only be done through an exception handling process which may require the resident to visit the Regional Office (RO) of the UIDAI," the Aadhaar-issuing body said in the notification.
These changes have been incorporated in the Aadhaar (Enrolment and Update) Regulations, 2016, and have come into effect from July 31.
According to sources, thus far changes to the date of birth could be made through a visit to the enrolment centres and updates could be made more than once through the same mode.
Now, after making changes once, any subsequent updation will require a visit to UIDAI's Regional Office (RO).
The UIDAI will also start a new service from April next to help Aadhaar holders who do not have valid proof of residence of current location to update their address easily by using a letter containing a secret PIN, according to the authority.
The new service is proposed to start from April 1, according to the same notification by UIDAI.
"Residents, who are not having acceptable proof of Address may submit their request for address verification through Aadhaar letter having secret PIN. Once the letter is received by the resident, he/she can use the secret PIN to update his/her address in Aadhaar on the SSUP (Aadhaar Self Service Update Portal) online portal," the UIDAI notification said.
Article Source : BS

Fake news crackdown: Modi govt wants WhatsApp, Facebook to be responsible

The government is more concerned with Telegram, fast becoming the preferred medium for many people

The government has said it expects popular social media applications such as WhatsApp and Facebook, which have large user bases in the country, to be responsible.
In a bid to check the spread of fake news through social media and messaging platforms — leading to mob lynching in some cases — the government is exploring the possibility of blocking WhatsApp, Facebook, Instagram, and Telegram. The government is also trying to curb child abuse and pornography spread through these platforms.
The government has already issued notices on WhatsApp to keep a check on content. But, it is more concerned with Telegram, fast becoming the preferred medium for many people.
Sources said the Ministry of Electronics and Information Technology (MeitY) had expressed concerns about Telegram to the Department of Telecommunications (DoT). Based on the letter from MeitY, DoT had asked the telecom and internet service providers to provide inputs about blocking mobile apps.
Asked about the blocking of mobile apps, Information Technology (IT) Secretary Ajay P Sawhney said, “We are always in touch, and anytime we have a concern we flag it. We expect all platforms to behave in a responsible manner, especially those with a large user base.” He, however, said whenever the need arises, the government acts according to the IT Act in order to remove contentious content.
Sources told Business Standard it was very difficult for the government to ensure content had been blocked or taken down. In case of Telegram, which does not have a huge user base in India yet, the government wants to strengthen its enforcement mechanism.
Telegram claims its cloud chat data is stored in multiple data centres around the globe that are controlled by different legal entities spread across different jurisdictions. The relevant decryption keys are split into parts and are never kept in the same place as the data they protect. As a result, several court orders from different jurisdictions are required to force them to give up any data.
“Thanks to this structure, we can ensure no single government or block of like-minded countries can intrude on people’s privacy and freedom of expression,” Telegram explained on its website. Read more

Tuesday, 7 August 2018

Nooyi - the Indian executive who broke glass ceiling in corporate America

Nooyi is an alumnus of Indian Institute of Management, Calcutta and Yale University

Chennai-born Indra Nooyi not only broke the glass ceiling in corporate America when she was named CEO of global beverage giant PepsiCo in 2006 but, through her journey, inspired millions of young Indians who dreamed of and aspired to emulate the success the India-born woman achieved in America.
PepsiCo on Monday announced that Nooyi will step down on October 3 after 24 years with the company, the last 12 as CEO. PepsiCo's Board of Directors unanimously elected Ramon Laguarta, 54, to succeed 62-year-old Nooyi.
Nooyi, one of the most powerful and influential business leaders in the world, was regularly featured on the power lists compiled by Forbes and Fortune magazines. She was also among the few female executives to lead global corporate giants.
Apart from being a prominent face of women leadership across the world, she was also the epitome of success for the millions of young Indians who aspired to be like her as they watched her journey through the ranks of PepsiCo and eventually leading the global conglomerate. She was among the first of a handful of India-born executives to helm global corporates.
She was appointed as CEO in 2006, becoming PepsiCo's fifth chief executive in its 41-year history, and the first woman. MasterCard's President Ajay Banga, Microsoft CEO Satya Nadella and Google CEO Sundar Pichai were all named to the top jobs in their companies in the years that followed.
Nooyi was also very vocal about the challenges women faced in trying to find a balance in managing their home and work. She had famously said at an Aspen Ideas Festival in Colorado in 2014 that women "cannot have it all."
She had told the Aspen audience that she has died "with guilt" several times in her life as she tried to bring up her two daughters with her husband. She recounted that she felt guilty for not being able to attend several activities at her daughters' school as she could not take time off from work.
Nooyi said she was disappointed at her mother's reaction to her "great news." She said her mother told her "let the news wait. Can you go out and get some milk."
She recalled her mother telling her, "let me explain something to you. You might be president of PepsiCo. You might be on the board of directors. But when you enter this house, you're the wife, you're the daughter, you're the daughter-in-law, you're the mother. You're all of that. Nobody else can take that place. So leave that damned crown in the garage. And don't bring it into the house. You know I've never seen that crown."
A staunch supporter of Hillary Clinton for president, Nooyi had also expressed her disappointment when Clinton lost the presidential elections in 2016. She had said Clinton's loss left her daughters and PepsiCo's employees devastated and there were serious concerns among the company's workers, especially the non-white employees, about their safety in an America with Donald Trump as its president. (Read more)

Wednesday, 1 August 2018

This is why I decided to buy 3-Year two-wheeler insurance policy this year!

Freedom from hassle of renewing your policy every year is another big positive that make people opt for long term two-wheeler insurance cover

Like thousands of other young professionals buying a two-wheeler of my choice was pretty high on my things-to-do list once I landed myself a job with a good package. Not surprisingly then mere days after my first salary I was at the local dealership of my choice with a big grin on my face.
Owning a vehicle is many a things; it’s not only buying convenience for oneself but also making a statement that you are moving up in your life. Buying a vehicle especially two-wheeler is also an economical, sensible and a decision which provides not only comfort but a freedom of sought. As I had nurtured the wish of owing a two wheeler of my choice since long, quite a bit of research had gone in to zeroing in on the ideal one.
Make, models, power, mileage, EMIs and much more, I probably knew all of this info like the back of my hand. Even during the test ride all I was thinking about was what I’m going to do after owning my dream bike. Nevertheless soon, I was the proud owner of my first two wheeler bought from my own hard earned money. The feeling of something so early in my life was majestic.
Benefits of a Two-wheeler Insurance
All excited I couldn’t wait to finish the paperwork and take my newest love for a spin. Although I knew a bit about the paperwork involved, the registration and the insurance, I learned few new things then. For a two wheeler owner be it a motorcycle or a scooter owner having a third party two wheeler insurance policy is mandatory by law under the Motor Insurance Act.
It also makes perfect sense to have a comprehensive insurance plan that will provide protection against damage, theft and even natural disasters such as floods, earthquake and much more to the vehicle. The said policy also covers liabilities for injury, death or damage to any third party involved in any accident involving the two-wheeler. A two-wheeler insurance policy can not only provide protection against economic losses but also provides peace of mind to the owner of the vehicle. So, after scouting the usual, premium charges, coverage, exclusion and claim procedure I opted for the best insurance policy which has a validity of one year.
Long Term Insurance Cover for Two Wheelers
The year went by in a breeze and without any incident that would require me to claim my insurance. Soon, came the time for renewal of my insurance policy. The first thing which struck me was the substantial hike in the premium which I will be paying when compared to the premium I paid a year ago. This time as I had much time on my hand I started researching a bit more about various policies and offerings by various insurance companies.
I also came to know about the fact that I could have opted for a three year plan instead of a one year plan back then and this would have locked the third party premium charges for three year thus saving me money along with many other benefits as well. Every penny saved is a penny earned, so the thoughts of what all I could have done with the saved amount if I have opted for a 3 year insurance cover started to cross my mind. But unfortunately I knew that the water has flowed under the bridge and all I could do was to be resolute to be more careful in the future.
Article Source : BS

Friday, 27 July 2018

Reliance Jio effect: Bharti Airtel posts Rs 9.4-bn loss in India operations

Total revenues were also down by 8.6 per cent to Rs 200 billion for the June 2018 quarter, compared to Rs 219 billion last year

Bruised by an intense tariff war in the telecom sector, Bharti Airtel has reported a net loss of Rs 9.4 billion in its India operations during the quarter ended June. The Sunil Bharti Mittal-led firm, set to be dethroned by Vodafone Idea as the country’s largest telecom operator, had reported a net profit of Rs 8.3 billion for India in the same period last year.
However, helped by an exceptional gain of Rs 5.15 billion, the telco has reported a consolidated net profit of Rs 970 million for the June quarter. Without this gain, Airtel would have reported a net loss on a consolidated basis. The exceptional gain relates largely to creation of deferred tax asset in Nigeria. This was partially offset by network refarming programme and costs pertaining to the business combinations completed during the quarter. The consolidated net profit was down 73.5 per cent for the reported period to touch Rs 970 million against Rs 3.67 billion last year.
Total revenues were also down by 8.6 per cent to Rs 200 billion for the June 2018 quarter, compared to Rs 219 billion last year. The net debt of rose to Rs 1.02 trillion at the end of June 30. Incumbent operators have maintained that Reliance Jio’s “predatory pricing” was responsible for their margins crashing.
The high-decibel tariff war is not likely to end anytime soon as Jio continues to disrupt the market. Mukesh Ambani-owned Jio has touched a customer base of 200 million within two years of starting its commercial operations, making the company the fastest to achieve the milestone.
“Industry pricing continues to remain untenable,” said Gopal Vittal, managing director and chief executive officer, India & South Asia, Airtel. On an optimistic note, he said the company’s mobile data traffic surged 355 per cent in India on a year-on-year basis, led by successful bundles, content partnerships and handset upgrade plans.
“Q1 FY19 has seen our highest quarterly capex spends of Rs 78.87 billion. Our investments have led to some opex headwinds in this quarter, but we remain focused on structural cost containment through our war on waste programme,” Vittal said.
Low tariffs continue to take a toll and the company’s average revenue per user (ARPU) in India, a key metric to gauge the profitability of any telecom operator, decreased to Rs 105 a month. The ARPU for the March quarter was Rs 116. During the last quarter, Airtel completed the acquisition of Telenor because of which its customer base in the country rose to 344 million. The consolidated Ebitda margin fell to 34 per cent in the last quarter compared with 35.6 per cent in the corresponding quarter last year. Consolidated Ebit also dropped by 43.8 per cent year-on-year to Rs 16.80 billion.

Monday, 23 July 2018

Honor 9N India launch today: Watch live stream, know expected price, specs

The Honor 9N would sport an optimised notch-based screen and 2.5D curved glass design with 12-layer Nano coating on the back for a mirror-like effect

Honor, the online subsidiary of Chinese smartphone manufacturer Huawei, is all set to launch the Honor 9N in India on July 24. The Flipkart-exclusive smartphone would sport an optimised notch-based screen and 2.5D curved glass design with 12-layer Nano coating on the back for a mirror-like effect.
The Honor 9N is reported to be a renamed version of the Honor 9i, launched in China some time ago. In terms of specifications and features, the Honor 9N is expected to sport a 5.84-inch fullHD+ notch-based screen stretched in a 19:9 aspect ratio. The phone would be powered by Kirin 659 system-on-chip (SoC), paired with 4 GB of RAM and 64 GB of internal storage. This is the same processor that has been used in most of Honor’s budget smartphones, including the Honor 9 Lite, Honor 7X and Honor 9i (Indian version).
However, the Honor 9N processor might support Huawei’s recently announced GPU Turbo technology, which the company claims to boost graphic performance by up to 60 per cent and processor efficiency by 30 per cent.
In terms of imaging, the Honor 9N would have a dual camera set-up on the back and a single-camera unit on the front for selfies. The rear cameras would feature a 13-megapixel primary sensor mated with a 2MP depth-sensing lens. The selfie camera would feature a 16MP lens, which would also double up as a biometric utility for the face-unlock mechanism. Powering the device would be a 3,000 mAh battery.
As for the price, the Honor 9N is expected to be priced somewhere between Rs 12,000 and Rs 18,000. However, this is a speculative price and the official price, sale information and colour details would be added soon after the launch.