Indian Bearing Industry: Indigenization to Curb Imports

What’s Buzzing in Indian Bearing Industry

The Indian Bearing Industry goes for a push for localization coupled with a high opportunity for reducing imports is expected to provide appreciable growth potential for the bearing players.

Context

The Indian bearing industry is estimated at Rs 1,20,000 million, a non-descript 4% when compared to the global industry size of US$50 billion. The industry is divided into industrial & auto segment bearings, both of which lie in the range of 50-55% depending on macros. With respect to consumption, 60% is produced domestically while the rest of the requirement is met through imports. A large part of the industrial segment bearings is imported given economies of scale not being lucrative enough as the industrial segment bearings are heterogeneous in nature.

India’s ball bearing industry basically consists of two parts:

an organised sector, having over half of the total market share, and

an unorganised sector, with just 15 per cent of the market share.

The rest of the call is met by way of imports.

This industry derives demand from both the replacement market and OEMs (original equipment manufacturers). Around 60 per cent of sales come from the OEM side and 40 per cent from the replacement side.

Every industry needs bearing

The organised sector presently dominates the OEM market, while the unorganised sector has a firm grip over the replacement market. The replacement market is highly price-sensitive, competitive and hence it maintains its existence. Some trade analysts, however, believe that the organised sector is also catching up.

Perspective View

Moving forward, the Indian government’s objective on Atmanirbhar Bharat, the renewed focus on infrastructure and allied activities led by an increase in capital expenditure, with budgeted growth of 30.8% YoY for FY21E BE (Rs 4.39 trillion) and 26.2% YoY to (Rs 5.54 trillion) is expected to significantly increase domestic manufacturing & aid the Indian bearings market. Further, companies such as SKF India which only manufactures 35% locally is aspiring to increase the number to 65-70% by 2024-25. Thus, significant Capex in India should ensure ample demand domestically and hence we expect economies of scale to set in and make manufacturing of industrial bearings in India more viable. We expect companies such as SKF India, Timken & Schaeffler to be the prime beneficiaries of the increasing thrust towards ‘Indigenization’.

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BOOK INTERNATIONAL FLIGHTS

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Specialty Steel PLI to Move India Up in the Steel Value Chain

What’s Buzzing :

The Indian government has recently approved Specialty Steel PLI (Production linked incentive) scheme for overall growth in infra space. The length of the scheme might be five years, from 2023-24 to 2027-28. With a budgetary outlay of ₹ 63,220 million, the scheme will bring in investment of nearly ₹4,00,000 million and result in capacity addition of 25 Million tonnes (MT) for speciality steel. Hopefully, this scheme will anchor India in moving up the steel value chain at par with advanced steelmaking countries.

Context :

In FY21, India produced 102 MT of steel. However, of this only 18 MT was value-added steel or specialty steel. Moreover, of the 6.7 MT of steel imports in FY’21, nearly 4 MT import was of speciality steel alone. As value-added steel grades are presently largely imported in India, a speciality steel PLI scheme has been introduced with an objective to enhance the production of high-grade speciality steel domestically.

Perspective view:

The Specialty steel PLI scheme will incentivize domestic steel manufacturers to invest in speciality steel. The scheme will include coated/plated steel products, high strength/wear-resistant steel, speciality rails, alloy steel products, steel wires and electrical steel. The focus of the scheme is towards increasing exports and minimize the dependence of imports for high-end steel. After completion of the scheme, India will start manufacturing products like API grade pipes, Head Hardened Rails, electrical steel (needed in transformers and electrical appliances) which are currently manufactured in very small amounts or not produced at all. It is anticipated that the speciality steel production in India will touch the 42 MT mark by the end of 2026-27. This implies that approximately ₹ 2.5 trillion worth of speciality steel will be produced and consumed in the country which would otherwise have been imported. Similarly, the export of speciality steel is also likely to become around 5.5 million tonnes as against 1.7 million tonnes at present. Overall the speciality steel PLI scheme is likely to catapult India into the league of advanced steel producers like Korea and Japan. An added advantage would be the lesser volatility in earnings and probably better valuation multiples.

Jindal Stainless Ltd. Sector: Steel – Medium & Small

Following the news, Jindal Steel stock saw a phenomenal jump of over 18% intraday! That is August 24, 2021. Just 5 hours prior to the time of writing this post.

Open128.85Previous Close128.85

Intraday High153.95Intraday Low128.85UC Limit154.60LC Limit103.1052 Week High168.40

The buzz among excited investors had been like:

Rs 200 is the minimum target expected for the month of August.

No matter how hard you try, you just cant stop this stock from growing. Good level to enter now, dont miss this opportunity

Buy, buy at CMP for an immediate short term target of Rs 155.

The share price will shoot like a rocket and hit the roof.

This sums up the excellent growth in metal and infra space.

Also Read: Tata steel share price takes an exciting take-off attracting investors

BOOK INTERNATIONAL FLIGHTS

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Trinamool Congress has Become a Family Party: Amit Shah

Addressing the press conference on the last day of West Bengal visit, the Union Home Minister slam the Trimanool Congress government and said that the Bharatiya Janata Party strongly condemned the manner in which Trinamool Congress workers attacked our National President Shri Jagat Prakash Nadda ji during his visit to West Bengal a few days ago. And personally I also strongly condemn it. Bharatiya Janata Party believes in democracy, and we also endorse the fact that everyone should have the right to raise their voice democracy. Those who are in government have the responsibility to ensure that all political parties are able to convey their point of view to the public without any fear. I believe that the attack on the National President of India’s largest political party is not just an attack on the President of the Bharatiya Janata Party, but it is an attack on the democratic system. And I want to tell the Trinamool Congress that you should not remain under any misconception that such an attack will stop the momentum of the Bharatiya Janata Party.

Enjoy the sweet smell of success

The Union Home Minister said that corruption is also at its peak in the state. Prime Minister, Shri Narendra Modi ji, sent 8 months free ration for the poor of West Bengal in the Corona period, but the entire sacks of it were disappeared, the poor remained hungry. Whose responsibility is it? Why does the High Court have to intervene in this case and order for a special audit of the CAG? Why is the Trinamool Congress government afraid of the CAG audit which has now gone to the Supreme Court against it? If it is not stolen, then they should say that they welcome the order of CAG audit. But, running away from it because corruption has happened and their loved ones have done corruption, Trinamool Congress neither has anything to say nor dare to apprehend its own.

Also Read: Emergence of Bharati Ghosh in Bengal to Help BJP

When India became independent, at that time one-third of the country’s GDP came from West Bengal and today it has gone down drastically. This graph continued to fall during the nearly three decades of Communist rule and one decade of Trinamool Congress rule. Whose responsibility is it?

At the time of independence, West Bengal’s contribution to industrial production was 30% which has reduced to 3.5% today. I want to ask Mamta Didi and the Communist Party who is responsible for this? In 1960, West Bengal’s determination ratio in employment was previously 27%, which has come down to 4%. Who is responsible for this decline?

In 1960, the per capita income in West Bengal was 105% higher than the per capita income of Maharashtra i.e. nearly twice the per capita income of Maharashtra but today the per capita income in West Bengal is not even half of Maharashtra. In the list of per capita income of 32 states of the country in 2018-19, West Bengal was ranked 22nd .Who is responsible for this?

Continuing the attack on the Mamta government, the Union Home Minister said that Prime Minister Shri Narendra Modi has given direct financial assistance of ₹ 95,000 crore to about 10 crore farmers in the country in the last one and a half years, but Mamta Didi has not listed the farmers of the state. I am repeatedly raising this topic because at least before the elections Mamta didi, give the money to poor farmers. About 23 lakh farmers from West Bengal have applied online for Kisan Samman Nidhi, all you have to do is certify it. You are supporting the Kisan movement but farmers in your own state are not getting the benefit of Kisan Samman Nidhi.

Shah said that the Trinamool Congress has become a family party. Instead of worrying about the 10 crore people of West Bengal, Mamta Didi dreams to make her nephew the chief minister of the state.

The Union Home Minister said many leaders from Trinamool Congress, Congress and Communist Party have taken membership of Bharatiya Janata Party. Shri. Suvendu Adhikari has also joined the Bharatiya Janata Party. I heartily welcome Shri Adhikari to the BJP. We believe that all good activists of political life who want to join the Bharatiya Janata Party to raise their voice against the injustice, all of them should come to BJP.

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Consumption Sector Stocks for long term wealth creation

Consumption sector stocks offer some characteristic intrinsic values in real terms because they have the biggest exposure in rural, urban and semi-urban India. Consumption sector stocks become the best investment options for long term wealth creation.

The Covid induced lockdown disrupted supply for the entire consumption sector in India. Though the disruption for staples was limited for a month, discretionary and ‘out of home’ consumption products supply remained interrupted for at least a quarter.

Moreover, demand conditions for discretionary and out of home consumption was also dismal for H1FY21. With the lockdown completely ending, we believe there will be huge pent up demand for discretionary categories (skincare, cosmetics) within FMCG in H2FY21.

Also Read: Tata steel share price takes an exciting take-off attracting investors

The consumer durable sector is expected to witness a surge in volumes with pent up demand for washing machines, dishwashing categories. Further, almost three to six months delay in repainting activity would lead to pent up sales for paint companies. Moreover, government stimulus and lower interest rate is also resulting in an improvement in demand conditions for many products. Trade analysts believe lower interest rates would lead to an improvement in demand for residential houses, subsequently leading to an increase in related consumables.

Festive season discounts and offers have also been one of the reasons for strong demand conditions in October. Further, trade analysts also believe demand for wedding related products would also surge given halt on wedding-related functions in H1 would lead to pent up demand for such products.

Technically, analysts recommended one of the leading consumption sector stocks – Hindustan Unilever.

Hindustan Unilever (HINLEV):

Base formation at rising demand line, 52 weeks of its share price movement indicates fresh entry opportunity along with a favourable risk-reward.

o Consumption sector stocks, after the sharp up move in March-April, have witnessed a healthy base formation in the last six months at the long term support area and are expected to resume their fresh up move.

o The share price of Hindustan Unilever has formed a higher base at the long term demand line joining major lows since October 2018 and the rising 52-week EMA (currently at Rs 2094), thus offering a fresh entry opportunity with a favourable risk-reward set-up

o During the current week’s trade, the stock has generated a breakout above the falling supply line joining highs of April (Rs 2614) and July (Rs 2350) signalling the current consolidation is approaching maturity and resumption of the fresh up move

o The stock has already taken 28 weeks to retrace just 80% of the previous four week’s up move (Rs 1758-2614). A slower retracement highlights a robust price structure and higher base formation

o Trade analysts expect the stock to resume its primary uptrend and head towards Rs 2490 as it is the 80% retracement of the entire previous decline of AprilMay (2614-1902) around Rs 2490

HUL reported a healthy set of numbers with 16.1% sales growth aided by consolidation of acquired brands (Horlicks, Boost, VWASH). On a like to like basis, growth has been 3% supported by 1% volume growth. The recovery in the business was led by complete normalisation of supply chain & strong demand in health, hygiene & nutrition space. The health, hygiene & nutrition products that constitute 80% of sales witnessed growth of 10% whereas discretionary & out of home consumption products, which constitute 20% of sales saw a decline of 25%

• With the merger of nutrition brands (Horlicks, Boost), trade analysts see possibility of margin improvement by the way of controlling common cost & bringing synergistic benefits. Moreover, the company would be able to grow these brands at a faster pace given large distribution network & robust cash flows for the brand building exercise

• The short term impact of Covid induced lockdown was supply disruption for a month. However, some of the ‘at home’ consumption categories got the boost with additional demand for tea, coffee, ketchup & soups business. Moreover, with a sharp increase in tea prices, the company is looking to gain market share from unorganised/regional tea producers. Notably, the unorganised market constitutes 50% of tea category sales

• Trade analysts believe the company would be able to able to witness a sustainable revenue & earnings growth backed consolidation of the acquired business. trade analysts remain positive on the stock from a long term perspective

Also Read: Jet Airways Revival News Brings Cheers to Jet’s Investors

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Live stream in the era of COVID-19

Live Stream

In a blink of an eye, COVID-19 changed every facet of our ordinary life; from going to school, meeting with friends and family, and having fun. No one could have thought anything like COVID-19 could fall suddenly on the human race and, for that, got a little precaution.

The disease not only has taken so many lives so far but changed how we lived. Can you remember how you were living before it? The sad part is we would never go back to the same routines. In the beginning, all the hit countries went into silence. Then came technology to save us from pure isolation.

You also might be among those who adapted the new condition to get together with relatives and friends. In the meantime, there were those people who benefited from Live Streaming. A teacher started to broadcast his classes online, and then musicians started live concerts, then conferences, games, meetings, and even funerals went online.

The live stream, which was around before the pandemic, took over our daily lives while still in shock. Schools, colleges, and universities started their online classes and made halted education to survive. This seems to continue for the new semester as well since the COVID-19 still takes lives.

The way we get also entertained today depends on live streams more than any other time in human history, a point in time that has no return, maybe only on Hollywood movies. Musicians started their concerts worldwide on a new stage, Live Streams, where people can sit next to each other from different locations like India, the USA, UK, Australia, Japan, and Iran.

Truth is Live Stream service providers worldwide witnessed the demand for their services at least tripled after the COVID-19 break-out. Education and businesses comprise a good part of this demand. They have found their costs reduced and have more control over the content and processes, while they have realized how easier time management got.

It can be predicted that live streaming benefits for schools and businesses would not let them return entirely to the earlier methods. Thus, live streaming has become an integral part of education, entertainment, and business environment.

But are all live stream service providers the same? Of course not. Live Stream services differ from each other significantly. The main differences are the number of concurrent supported users, stream quality, cost, and online support.

Among the young service providers in this field, ArvanCloud has supported almost 150 thousand concurrent users at live events on live stream service with the least possible delay during COVID-19. Adding to this is its economical pricing packages and ArvanCloud Live Stream quality, which position it on the top three providers that recently entered the Indian market.

ArvanCloud explains that its Live Stream service stands on the edge of technology, and for that, it can provide such a quality Live Stream. ArvanCloud developers claim: “Live Stream is one of the best services offered since we have better infrastructure and better codes. We constantly update and improve our codes, while many other providers have developed their codes years ago and have not improved it.”

But what makes Live Stream of ArvanCloud different? The company’s Live Streaming Platform allows the video content creators and distributors to transform their video or live stream content to multiple qualities and formats. Users can also store and publish their live stream in an unlimited cloud video hosting without worrying about infrastructural issues.

Also Read: CDN & Cloud Security services game-changer enters India; more economical features

ArvanCloud Live Video Streaming platform is integrated over the Content Delivery Network. CDN Live Streaming helps the video content be delivered from the nearest geolocation to each user, enabling them to watch videos without delays and with the best possible speed.

Better internet access worldwide and better internet speed have also helped the surge in the live streams. Besides, we would manage our times with live streams, and put some of our money in the pocket and save more. Live Streams also allow you to save the movies, concerts, classes, etc. and watch it repeatedly.

One can say that Live Streams will not fade, it might lose some weight after COVID-19, but it will not vanish. It is an integral part of our lives. So we should be thankful to some extent to the condition that occurred to us and made us all enjoy the Live Stream at the comfort of our homes.

Also Read: An Epic War involving Amazon and Reliance Shaping Up

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Tata steel share price takes an exciting take-off attracting investors

Tata steel share price has recently started showing its familiar uptrend attracting a good number of buyers.

Tata steel news

The Indian stock market continues its bull run with Sensex up 0.88 percent to 40901.72, and the Nifty moving up 97.20 points or 0.82 percent reaching 11994.

One of the leading sectors has been the Metals – steel, aluminium or Zinc. It moved up 2%. The key performers have been Tata Steel, Jindal Steel, Hindustan Zinc, Hindalco Industries, MOIL, JSW Steel, Ratnamani Metals and SAIL. The metal group as of late has experienced some solidification and stayed away from the market correction on October 15, 2020. The following day the metal stocks inside this space just flew, particularly the steel stocks.

Traditionally, Tata steel has been on top of all steel industries and as such Tata steel is one of the most favorite shares of investors and brokerage houses. Steel prices have gone up and the demand is going up after the covid induced lockdown which augurs well for the Tata steel share price. A wise decision for long term investment.

Tata steel share price movement

 Metal stocks have been in a recovery mode and have shown significant resilience in the current market volatility. Stocks like JSW Steel have managed to retest their new 52-week high despite jittery market conditions, indicating the prevailing positive bias in the metal space. We believe stocks like Tata Steel will resume their uptrend on account of short-covering.

 The open interest in the stock declined sharply in June amid short-covering. Since September, the stock has witnessed a downtrend with short additions. These positions have begun to be covered. We now expect the momentum to be seen along with covering of short positions in the coming sessions.

 In the options space, the stock has the highest Call option base at the 400 strikes followed by 420 strikes. As the stock was in a consolidation phase, Call writers are active at the 400 strikes. Sustainability above this level may trigger a further up move on the back of short-covering in the Call writer’s position. These positions may shift to higher OTM strikes. At the same time, Put open interest base is strengthening at the 380 and 370 Put, which can act as strong support on downsides

 From June to August, Tata steel share price witnessed an impulsive up move towards Rs 445 levels. Since then, it has remained largely range-bound with time and price based correction. This recent decline towards Rs 360 has given another opportunity to go long in the stock for fresh upsides

 The stock has seen one of the highest delivery based actions around Rs 340-360 in June. We expect levels around Rs 360 to act as crucial support for the stock in the short-term. With the early signs of the stock moving out of the prevailing range, analysts expect it to continue its upward momentum

Also Read: Jindal Stainless Steel share going up – Invest Money

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

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Jindal Stainless Steel share going up – Invest Money

Jindal Stainless Steel share price going bullish! Jindal Stainless Steel (JSL), part of the OP Jindal Group, is India’s largest stainless steel producer with a melting capacity of 1.1 million tonnes per annum. Apart from its state-of-the-art manufacturing unit in Odisha, JSL also has a 250000 tonnes per annum (TPA) Ferroalloy plant and a 264 MW captive power plant.

o The Jindal Stainless Steel share price has logged a resolute breakout from two years base formation (Rs 23-53) backed by a faster pace of retracement as stock entirely retraced past seven weeks decline (Rs 53-39) in just single week. Multi-year consolidation breakout supported by a faster pace of retracement, signifies resumption of the primary uptrend, auguring well for next leg of an up move

o Key point to highlight during ongoing up move off March low (Rs 21) is that, the stock has been trading in a upward sloping channel indicating elevated buying demand. In the process stock has closed above 200 weeks EMA for the first time in two years, indicating rejuvenation of up trend

o The two years consolidation breakout has been backed by highest weekly volume since January 2020, highlighting larger participation.

o On the oscillator front, weekly RSI resolved out of three years resistance of 68, indicating reviving upward momentum

o Therefore, analysts expect Jindal Stainless Steel share price to accelerate ongoing momentum and head towards Rs 64 levels in the coming months as it is the upper band of rising channel placed at Rs 66 coincided with 161.8% external retracement of CY20 decline (Rs 47-21), at Rs 63.

Jindal Stainless Steel share. Its time to enter

JSL has its plant located in Jajpur, Odisha. JSL is strengthening India with the ‘metal of tomorrow’. For our kitchens, we are eager to search for the Jindal stainless steel modular kitchen price. The company is engaged in the business of procuring stainless steel scrap, chrome ore, nickel and other alloy elements from the market and convert them into varied stainless steel products. Company’s business operations are primarily involved in the manufacturing of flat stainless steel products.

JSL has ~25% market share in the overall domestic stainless steel market and its product basket includes slab, hot rolled annealed pickle coil, Cold rolled annealed pickle coil and plates. Around 20% of JSL’s total volume is exported (majorly to Europe and South-east Asia), while the balance 80% of the overall volume caters to the domestic requirements. The company has a healthy logistics infrastructure, which includes in-house railway sliding, along-with close proximity to ports providing strong support to overall operations.

Recently the government has issued an order to levy provisional countervailing duty (CVD) in the range of 22.31% to 24.83% on certain types of flat stainless steel products from Indonesia for a period of four months from October 9, 2020. This step also augurs well for the company.

Also Read: Time to Buy Infosys is Now

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

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Facebook Issues For Individuals, Small and Big Businesses

Facebook is the second most used social networking website in the world. The huge amount of people that use this website every day makes it one of the most popular sites for business purposes. Unfortunately, Facebook has a number of issues that many business owners are not aware of.

Masked faces

One of Facebook issues that many people have is the fact that they may think that there is too much information being posted on the site. There is a limit on how much information can be posted on the site because of a copyright law called the “copyright clause” which states that any person who posts information on the site must do so with their permission. Although this does not necessarily prevent people from posting information on the site, there are still a number of people who try to do so without permission. This is why many of the problems that some businesses encounter when they are using the site are actually due to people posting their personal information, which is not allowed by Facebook’s terms and conditions.

Also Read: More than 1,000 companies have boycotted Facebook

Other facebook issues that some businesses face when they are using Facebook is the fact that people post advertisements without their permission. This is one of the biggest causes of Facebook’s financial struggles as well. Many businesses post advertisements on the site and then wait to see what happens with them. One of the worst things that you could have happened would be that they get pulled off of the site. However, there are some advertisers that are willing to put their advertisements on the site if they get the proper amount of exposure.

Another issue that many companies have with Facebook is the fact that their business pages are not always properly maintained. Business owners have become quite frustrated by the fact that they may only post one status update on their page every single day. Many of the other posts that they have made may have been lost, deleted, or moved to another section of the site. Many of these companies have spent a lot of money just trying to figure out how to make their pages look good.

Another issue that many businesses find with Facebook is that they cannot afford to pay for advertising costs every month. They pay a monthly fee to Facebook for their advertising privileges, but when the advertisements that are placed on their pages are not effective, they are required to pay the amount for the entire month. This has caused many businesses to cut back on their advertising budgets, which may even lead to losing the accounts of those that they had paid up front for advertising services.

If you want to be successful with your business using Facebook, it is important that you are able to have the right strategies in place. for getting your brand out there in the online marketplace. You need to make sure that all of the different aspects of your business are set up correctly so that the results that you achieve are the ones that you expect to have.

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Can Fin Homes: A sharp rebound from the lower band of the rising channel

The News. October 9, 2020. Shaktikanta Das, Reserve Bank of India (RBI) Governor announced some good news for Can Fin Homes like housing finance companies:

The Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent.

The MPC will continue with the accommodative stance of monetary policy as long as necessary at least through the current financial year and next year.

The Marginal Standing Facility Rate and bank rate remains unchanged at 4.2 per cent and the reverse repo rate stands unchanged at 3.35 per cent.

After the RBI declared the monetary policy, shares of nearly all housing finance companies – LIC HFL, GIC HF, Repco Home, Can Fin Homes, M&M Finance, IndiaBulls HF – started to surge. It seems the decision to maintain the repo rate and reverse repo rate was warmly welcomed by the sector. Most developers and consultants feel that the RBI’s move to rationalise risk weightage on home loans and link housing loan risks to loan to value is expected to make more credit available to borrowers, bring down the cost of funds to buyers and improve demand for homes.

Also Read: Government investigations into Jet Airways could derail revival plan

Case Study. Can Fin Homes: A sharp rebound from the lower band of the rising channel offers fresh entry opportunity for investors.

The share price of Can Fin Homes (CANHOM) has outperformed its NBFC peers. As during the sharp decline of February – March 2020 it has formed a higher bottom (Rs 253) above its CY18 lows (Rs 217) and during the subsequent pullback in the last six months it has already retraced 80% of its entire decline (Rs 519-253) way ahead of other NBFC stocks highlighting the strength

The upward trend encourages investors

o The entire pullback since May low (Rs 267) is well channelled as can be seen in the adjacent chart highlighting sustained demand at elevated levels. It recently witnessed a sharp rebound from the lower band of the channel, thus providing a fresh entry opportunity

o The stock from mid-July to mid-September has consolidated in a range of Rs 420-360. It has recently generated a breakout above the same. The upper band of the consolidation at Rs 420 is expected to act as a value area of the stock

o Analysts expect the stock to continue its positive momentum and head towards Rs 528 levels as it is the 123.6% extension of the previous up move (Rs 267-407) as projected from the recent trough of Rs 361 signals upside towards Rs 528 levels

Also Read: Caplin Point Laboratories to replicate the success

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An Epic War involving Amazon and Reliance Shaping Up

An epic war between two of the world’s biggest business houses seems to be shaping up. It is for getting hold of the retail space in some of the world’s biggest consumer market, that is India.

In August 2019, the U.S. firm, the e-commerce online retail giant Amazon.com Inc., bought a 49 per cent stake in Kishore Biyani’s retail conglomerate Future Coupons, a promoter group entity of Future Group’s retail business, which owns 7.3 per cent of Future Retail for about Rs 15,000 million. This deal provided Amazon with a 3.58% stake in Future Retail, contractual rights like a right of first refusal, a non-compete-like pact, and to purchase more stake in Future Retail.

In August 2020, Mukesh Ambani’s Reliance decided to buy the retail and some other businesses of Future Group. The Future Group’s sale of its retail and wholesale businesses to Reliance Industries Ltd (RIL) triggered a dispute.

Also Read: Reliance Industries falls 7% post Q2 results

In October 2020, circumstances became such that Amazon had to spend some time, money and valuable resources in appointing law firms to launch some legal proceedings. Amazon has served a legal notice to Future Coupons over the deal with Reliance Industries. It will initiate arbitration proceedings against the Future Group and the arbitration will be outside India, most likely before the Singapore International Arbitration Centre.

Also Read: India’s Foreign Policy: Influence in global affairs grows

While enforcing contractual obligations, Amazon has also sent intimation notices to various parties including Singapore International Arbitration Centre (SIAC), Future Group and its shareholders, since the contract allows for arbitration as per media reports. Amazon has presented that the Reliance-Future deal is against the interest of Future Retail’s shareholders, as none of the shareholders will get anything since Reliance has technically bought assets of Future Enterprise.

The arbitration proceedings between Amazon and Future Group in Singapore are expected to start from November 2020 and could go on till Sept-Oct 2021 at least.

Amazon has levelled accusations against the Future Group as:

not meeting contractual obligations by going ahead with the Rs 2,50,000 million deal with Reliance Retail,

the Future Group’s $3.38 billion asset sale deal with Reliance Industries breached an agreement with Amazon, under which Amazon took an indirect stake in Future Group, on several counts,

Future Group was required to seek Amazon’s permission as Amazon has the first right of refusal in the event of stake sale,

This deal also violates a non-compete clause in the 2019 agreement,

October 8, 2020. Future Retail shares fell as much as 9% as the news of Amazon sending a legal notice to Future Group spread.

The truth and validity of such accusations will, however, be determined in the court and the matter has now become subjudice. Expert observers have opined that Reliance did not buy a stake in Future Coupons. It is not even buying a stake in Future retail. It is just buying assets like logistics, warehouses, etc. The well-known powers of Reliance may not make an easy battle for Amazon’s legal teams at the court.

Amazon, the retail behemoth, seems very keen to retain its hold in the lucrative retail space. It is exploring all options to stop the Rs 2,50,000 million deal between Future Group and Reliance Retail. This is a last-ditch effort by Amazon to delay the Reliance-Future deal. Amazon seems to fear that the deal will give Reliance a much firmer foothold in online space as well as physical distribution. This will indeed be an epic war in retail space which none of the parties would like to lose.

But will the epic war end in court or will it be arbitration are the outcomes what we have to look at. However, the time factor is sure to kill the retail investors!!

The post An Epic War involving Amazon and Reliance Shaping Up appeared first on Invest Money - Stock Market, Money, Business.

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Dubey ji Bounces Back

Dubey ji Bounces Back

by Vivek Atray (Goodreads Author)

Synopsis:

Meek and morose is what Raghav Dubey has been all his life but when Sarla Koppikar wallops him on his head and almost kills him, Dubey ji decides to undergo a complete makeover. He shaves off his moustache, sheds his reticence in female company and even learns to play the guitar! His career graph now rockets skywards with his newfound zest and energy enabling him to work wonders at Mumbai’s Bonny Bank. The beauteous Avni Singh bowls him over and he is left utterly lovestruck. Even the very charming Paulomi Bose fails to distract him. Dubey ji’s bête noire is found dead and our hero is in deep trouble. Will he be able to bounce back again?

Vivek Atray, the Author

Vivek Atray is an Author, Advisor, Motivational Speaker, Formerly of the Indian Administrative Service, IAS and Mentor. He retired voluntarily from the IAS in 2017. He is an ex-under 19 cricketer. He speaks all over India on topics such as Emotional Intelligence, Leadership, People Skills and Behavioural Issues. He has over 20 Lakh (2 million) views on YouTube.

He is the founder of SUVICHAR Think Tank, Professor at Shoolini University, member of the CSR Advisory Board of ACTION AID and a member of the Governor’s Advisory Council for Chandigarh. He is also a founder of the Vibrant Networking Forum and the Chandigarh Literary Society, and Co-Convenor of INTACH Chandigarh.

Book Review by Naleen Chandra

“Dubey ji Bounces Back” may have taken a clue from the two most interesting eternal stories of transformation.

1. Vidyotma insulted her nincompoop husband, challenged him, terminated her marriage and left him in the lurch. Then the fool thought of doing something and eventually, with the grace of Goddess Kaali, Kalidas attained wisdom. With works like ‘Shakuntala’ and ‘Meghdoot’, the writer does not need any intro. The beauty of the writer’s expression, keeps the reader spellbound.

2. Ratnavali’s rejection had stunned and then spurred her husband. Ratnavali may have expected to guilt her husband into becoming a follower of Ram. Tulsidas eventually became a genuine Rambhakt and went on to write the epic Ramayan, which needs no intro.

In both instances, the wives were instrumental for the transformation of their husbands. Here the power of the impact a woman can have on man is to be seen, believed and experienced. Moreover, neither Tulsidas nor Kalidas followed any CBSE, IIT, or IAS. The fact of the matter is that the whole mankind religiously follows them and the so-called educational institutions include their works in their curriculum.

In “Dubey ji Bounces Back” the writer had an opportunity to highlight this particular aspect of human behaviour. I, as a reader, expected the writer with his vast admin experience to inspire today’s younger generation so that the Kalidas or Tulsidas lying suppressed within them eventually awakens.

Amazon Shopping

via India and the World; News & Views http://ncairways.in/amazon-books/

CDN & Cloud Security services game-changer enters India; more economical features

A new player in a currently cluttered market of CDN started its services in India early June 2020. ArvanCloud, a new comer in the field, has successfully offered competitive CDN and cloud security solutions in Europe, Australia and the Middle East before entering India.

ArvanCloud, an international cloud service provider, entered India by launching two CDN PoP sites in New Delhi and Pune, early June 2020. The company aims to provide Indian websites and online businesses with cutting-edge technology, more security, cost-effective solutions and more features comparing to competitors.

Meanwhile ArvanCloud announced that following expansion of its CDN infrastructures, it will launch new PoP sites in Indian mega cities including Mumbai, Bangalore, and Chennai in the near future. “Covid-19 pushed almost all business sectors to go online especially small and medium-sized businesses” ArvanCloud press release reads, “it is important for ArvanCloud to offer its services in countries that enjoy more home-based services or products, in order to facilitate use of cloud services for everyone and help these businesses to rapidly recover.”

Having more than 40 PoP sites in important locations around the world including Europe, Australia, East Asia, central Asia and Middle East, ArvanCloud provides economical, secure and cutting-edge CDN and cloud security services. ArvanCloud solutions are provided to customers in more than 38 countries. Anycast network, Web Acceleration, DDoS Protection, Waf, Firewall, Video CDN, and Live Streaming are among ArvanCloud solutions. Comparing to its competitors, the company offers most of its features free of charge and on pay-as-you-go plans.

The company provides many solutions with several features in its free tier. They include Managed DNS with unlimited traffic and Advance DDoS Protection, full features of CDN solution up to 50 GB in every geographical region (Europe, Austria, Asia, America), Cloud Security services, and full features of Video CDN (VoD streaming) up to 10 GB.

ArvanCloud’s integrated infrastructure would enable Indian websites and online businesses to manage their domains’ DNS free of charge, fast and secure. It also helps them through its CDN platform to deliver their website content to an unlimited number of audiences around the world from the nearest geolocation that would decrease loading-time and maintain best quality.

After launching two CDN PoP sites in New Delhi and Pune, ArvanCloud said that its Mumbai CDN PoP-site would be launched by end of July 2020, while Bangalore and Chennai CDN PoP-sites will be operational by end of August.

Contacts: Samuel Razi Public Relations Dept ArvanCloud Company Tel: (+49) 21329952070  [email protected] www.ArvanCloud.com Address: Softqqloud GmbH, Hegelstr. 3, 40667 Meerbusch

via India and the World; News & Views http://ncairways.in/cdn-cloud/

‘I will continue to send migrants until the last migrant reaches his home’: Sonu Sood

The miseries of millions of poor people especially the migrant workers who go to metro cities in search of livelihoods have now started to unfold in the world’s largest coronavirus lockdown. It is turning out to be one of the “greatest manmade tragedies” in India as per a few experts. Some social and psychological consequences for the rest of the country are also possible. Some of them believe that the government should have given people some time before imposing lockdown.

The lockdown measures included stopping train, bus and air services to stem the spread of the corona. The lockdown was extended three times but some relaxations have been permitted since late April.

Despite such gloomy plight of workers, those experts didn’t come forward to help the migrant laborers. However, one man took note of their plight, rose to the occasion and instantly became a worldwide hit.

Well known Bollywood actor Sonu Sood has emerged as a ‘messiah’ for the migrants during the covid-19 lockdown. After helping the labourers reach their homes, he is helping the migrants. He is constantly transporting people to his home through buses. Sood, along with his friend Neeti Goyal, is presently running a ‘send home’ campaign for the benefit of helpless migrant labourers. He has so far helped in the transportation of over 12,000 migrants to their destinations.

Sonu Sood generally plays the roles of a bad guy or villain in films. He has also won many awards for it. But this move has made him a real hero. He has now become one of the most trending topics on social media. People are giving him a bigger title than Hollywood superheroes. With his help, people who came home gave him the title of ‘Reel Villain and Real Hero’. At the same time, some people have become so emotional with this help in this difficult situation that they have given Sonu the status of God. Not only the common people but Union Minister Smriti Irani has also praised Sonu’s efforts.

Sonu’s activism can be gauged from the fact that whoever is contacting him on social media, Sonu himself is giving the answer and assuring him of help. These days Sonu’s Twitter account is full of similar messages. Sonu himself has also stated that he is receiving messages for help in thousands.

Sood is flooded these days with messages like :

‘Sonu Sood Sir Please Help. Send Sir anywhere in East UP. From there, we will go to our village on foot.”

Sood responds by saying, ‘Why would you go on foot? Send me your number….’

Full of energy, Sonu Sood on field in corona battle gear

For the past several days, Sood has been helping such workers in whatever way he could. To send the trapped labourers to their native places, team Sood has been working relentlessly and are arranging for them everything from buses to food and drink.

Sood is trying to help more and more number of people. He can be found on the field for 20-20 hours a day helping the migrant workers. Talking about his initiative in media, Sonu Sood has said, ‘It has been a very emotional journey for me because I was very sad to see these migrants roaming the streets away from their homes.’

Sonu Sood said, ‘I will continue to send migrants home until the last migrant meets his house and the loved ones. It is really close to my heart and I will give it my all. ‘

via India and the World; News & Views http://ncairways.in/sonu-sood/

Emotional Intelligence and Your Workplace

You might have heard about Emotional Intelligence (EQ). If you haven’t heard much about it, you must have not been paying attention to the recent trends in this line of business. The fact is that the term is becoming more popular in the workplace as people take it up as a topic for their online careers.

Emotional intelligence, or EQ, refers to the ability to detect and respond to the emotions of others. It also entails the ability to understand and identify what others are thinking and feeling. Hence, it also includes the ability to analyze, interpret, and react to human behaviour. Therefore, it is considered to be a necessary trait for successful working professionals. In fact, this relates closely to problem-solving, decision making, communication, and organization.

People who have been through aptitude tests are likely to know that they are quite creative. They also tend to work hard and have strong organizational skills. Their attention spans are good and they excel in team activities.

Follow your instinct

Never give up

Enjoy

However, the power of emotional intelligence is a little-known fact, and it is one of the most important facets of how work is done in the workplace. It helps to ensure that the work done is done well and that the organization is kept organized. This ultimately makes the workers feel accomplished.

It is interesting to note that a lot of organizations out there recognize the value of emotional intelligence. It has become more common for them to make use of the Emotional Intelligence test in order to assess the aptitude of their employees. It is expected that they will get a sense of what their employees can really do, both in terms of their work ethics and how they work with others.

Despite the fact that companies are trying to encourage and develop their employees’ emotional intelligence, there are still a lot of misconceptions that keep getting in the way of this issue. There are still a lot of people who think that the emotional skills of an employee are worthless, and that he does not actually deserve to be appreciated for his work ethic. The results of these thoughts have led to many cases of employees leaving the organization and joining another one.

The ways of determining the level of emotional intelligence of an employee are quite simple. It will just involve measuring certain aspects of his personality. There are tests that are used to determine if an employee is emotionally intelligent. Once an employee is able to pass such tests, then he will be entitled to a new position.

Now that you know about the importance of emotional intelligence, it is time for you to take action. You have to start taking steps to improve your emotional intelligence as early as possible. By doing so, you will be able to handle stressors better, you will be able to make friends easily, and you will be able to gain good points from your work more easily. Having an EI-IQ score at least equal to an average score of one hundred is a good starting point to begin.

via India and the World; News & Views http://ncairways.in/emotional-intelligence-and-your-workplace/?utm_source=rss&utm_medium=rss&utm_campaign=emotional-intelligence-and-your-workplace

Developing Self-Confidence – How it Helps

To develop self-confidence, you first need to understand what it is and how to obtain it. A person’s confidence can be developed through effective personality development which can aid in a person’s self-esteem, as well as confidence building.

Think about the last time that you were really proud of yourself. What did you feel? Maybe it was joy, but this isn’t the real emotion because it was just a feeling.

Self-confidence is just that – a feeling. It comes from a person knowing he or she is doing the best job at his or her job. This pride manifests itself into the feeling of being able to do the best job, which results in the person feeling good about themselves.

What is your starting point for developing self-confidence? Is it something that you have accomplished already or is it something that you want to accomplish?

Knowing where you want to get to is the key to developing self-confidence. Every person has a limit. This limit is what defines the limits of your confidence. The more you increase your confidence the higher the limit will be, and when the limit is reached it will continue to get higher until you reach the top.

Of course, increasing your self-confidence will lead to an increase in your confidence. How does self-confidence affect your life? It affects you more than you can imagine.

Developing self-confidence can give you a better attitude. Knowing you can accomplish anything helps to keep you going even if you are going through a tough time. When you know that you can achieve anything, it gets you motivated to achieve anything. Self-confidenceand motivation go hand in hand.

Self-confidence is important in managing life’s distractions. Being able to take care of yourself and have an optimistic outlook gives you a stronger sense of self-worth.

A person with self-confidence will not let people who criticize them get under their skin. People who are better at handling criticism are often more successful. You don’t need people to praise you to realize that you are doing the best you can do.

Another important thing about a person’s self-confidence is that they don’t allow other people to push them around. Being able to live by your own rules makes you more self-confident.

Using self-confidence in your everyday life can help you be more productive. We all need to find our strength in things such as helping people or even just performing tasks. By developing self-confidence, we will be more able to handle the stress that may come up in our lives.

If you are someone who wants to become a more confident person, developing self-confidence is one way to do it. Just as you have your own unique personality, so do you need to develop your own self-confidence.

via India and the World; News & Views http://ncairways.in/developing-self-confidence-how-it-helps/?utm_source=rss&utm_medium=rss&utm_campaign=developing-self-confidence-how-it-helps

Virgin Atlantic And United Airlines Are For Sale

It’s been some time since bankrupt airlines were on the top of the media’s bestseller list. However, we are now seeing a lot of these niche companies come back to life and become financially viable again.

Virgin Atlantic is one of those companies that has seen its share of struggles. Not only did it go bankrupt during the economic recession, but it also went through a power struggle between two of its most vocal promoters. When the airline merged with British Airways, it was the first time Virgin Atlantic was in a situation where it had to work with both British Airways and Air France.

Virgin and United Air Lines are probably the two best known airline bankruptcies on the market today. These two companies have had similar styles of promotion as the other. Neither of them was cheap to operate. Most of the losses came from the lower fare tiers because of the low amount of demand for those flights.

Virgin Australia had trouble because of a decision by a major American carrier to drop the Virgin brand name from their ticket prices. This decision to cut into the profits on all Virgin Australia flights but the top end of the business. Since this is the least profitable segment of the airline Virgin Australia went under.

Even when airlines merge they don’t always work out well. Virgin and United airlines made a deal that cut their losses by combining their profit margins. The combined profit from Virgin and UAL is now enough to support the costs of operating both airlines.

Fortunately for Virgin Atlantic and United Airlines, they have also been able to work with a strong investor group who saw the opportunity in a profitable and stable company with a good track record. British Airways and Air France made a deal with the investment group to sell a small portion of the company. As a result, Virgin Atlantic and UAL are now free of the large financial liabilities of the first merger.

A merger shows that one of the strongest media to invest in a new airline is an international group that can step in and provide funds to keep the business alive. The partnership will likely remain in the short term. The two companies must see some kind of return on their investment before they would consider merging with their competitors.

The takeover of Virgin Atlantic and Air France by an international investor could bring a couple of benefits to those two airlines. They would likely receive money from the buyer to help them fund some of the increased fuel costs. They also would probably get a favourable credit rating from a major credit agency that would help them finance their further expansion into the new markets and continue to attract more passengers to their flights.

via India and the World; News & Views http://ncairways.in/virgin-atlantic-and-united-airlines-are-for-sale/?utm_source=rss&utm_medium=rss&utm_campaign=virgin-atlantic-and-united-airlines-are-for-sale

Making Workplace Fairness Work

Today’s world needs workers to help grow our economy, but millions of migrants are forced to work in unsafe and inhumane conditions on plantations, in factories, and on farms. With their struggle to survive one of the worst environmental disasters ever, migrants continue to demand answers from global companies that use slave labour overseas.

From the dawn of civilization, man has pushed and pulled against nature and the forces of nature to make our world better, and better we have become as a species. But what if man, like all species, had been created perfect?

There is an important story behind each of us and our heritage. A story that describes our origins. That story is the story of our countries. No country is the same.

The story of our countries, our commonality and the particular characteristics of each country are the only commonalities that unite us as a species. And yet, when it comes to the way we interact with our environment, man has done everything he possibly can to push nature farther away.

Lockdown and Pollution: How Does Pollution Affect Human Health? A Cleaner Air For All Mankind? Our clean air is threatened by pollution from coal-burning power plants, haze from industrial emissions, smog, and the exhaust from cars. Lately, there has been a concern about the impact of fossil fuels on global warming, which contributes to global climate change.

Choking the Atmosphere: Why is China’s Sand Becoming More Frightening Every Day? By John Tumlin and Patrick Simmons When a swarm of sandblasting airplanes from China’s eastern coast blew dust into North Carolina recently, it almost seemed as if the state had undergone some kind of alien invasion.

Ongoing Protective Inspection at PRL Station: Who Do You Trust to Protect London’s Capital? Workers at the London Underground Station have been threatened with suspension for a second time this year because of concerns about safety. And yet they will not be pushed out, despite the threat of losing key jobs and being relocated elsewhere in the future.

A Critical Look at the Workloads at Airport Workers’ Repairs Centers: The Government Is Ruining Its Good Work Doing Airport Repairs? When air traffic increases in and out of Dallas, Texas, it also adds to the demands for labor at the Dallas-Fort Worth International Airport.

Why Is Airline Cabin Crews Caught Cheating on Safety Tests? The Outrageous Lack of Safety? One-third of airline cabin crew is making flying decisions that will affect millions of passengers every year and it seems nobody’s doing anything about it.

The Growing Problem of Health Issues Linked to the Aluminum Industry: Chemicals Found in Food Containers and Beverage Containers Could Contribute to Illnesses on the Horizon? It’s a hazardous industry that has an important role in the production of goods that we rely on every day and you may be surprised to learn that you may have consumed some of the chemicals on the company label.

Endemic Problems at Community Service Centers: Community Service Centers Need Support Now More Than Ever? Community service and other non-profit organizations have lost millions of dollars this year, and they may need a lot more help than the money that the U.S. government has to offer them right now.

In North Indianapolis, the Hurons Migrant Farmworkers Union’s Contractor Bill of Rights Initiative campaign aims to amend the Illinois law to make sure migrant workers get fair compensation and to improve conditions for workers.

via India and the World; News & Views http://ncairways.in/making-workplace-fairness-work/?utm_source=rss&utm_medium=rss&utm_campaign=making-workplace-fairness-work