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Online Amazon shopping, Jet Air booking now easy via RuPay

Written By komp limpulima on Sabtu, 25 Oktober 2014 | 23.25

RuPay debit card holders can now shop best deals on Amazon and book air tickets on Jet Airways, the Reserve Bank-promoted National Payment Corporation which issues the RuPay cards.

After Flipkart, home-grown payments gateway RuPay has tied up with Amazon and one of the largest carriers  Jet Airways . With this, the RuPay debit card holders can now shop best deals on Amazon and book air tickets on Jet Airways, the Reserve Bank-promoted National Payment Corporation which issues the RuPay cards said in a statement today.

"Acceptance on Amazon is a breakthrough for us. We are glad to offer a wider horizon to our cardholders to transact online. Also, our integration with Jet Airways will definitely
benefit our cardholders,," says NPCI managing director AP Hota said. Commenting on the tie-up, Amazon India general manager for payments Srinivas Rao said, the arrangement is in line with its strategy of offering the widest set of customers a variety of payment options that will enhance their shopping experience.

The NPCI had last week announced that it has tied up with Flipkart, Snapdeal and LIC who are among over 15,000 merchants who will be accepting the RuPay cards, which are the
homegrown alternative to foreign gateways like Visa and MasterCard. Following the tie-up Jet Airways has begun accepting RuPay cards on their site for air-ticketing, airlines' senior vice-president Gaurang Shetty said.

NPCI has already issued more than 30 million RuPay cards, which are accepted at all ATMs, and by 9.8 lakhs POS terminals and over 15000 online merchants. The domestic online retail industry, as per a Crisil report, is expected to touch Rs 50,400 crore by FY16 from Rs 1,500 crore in FY08.

According to online industry body IAMAI, travel has emerged out as the most transacted segment in the online space accounting for 60 percent of online payments. The value of
online payments for travel industry stood at Rs 50,000 crore in FY13.

Jet Airways stock price

On October 23, 2014, Jet Airways closed at Rs 233.95, up Rs 1.25, or 0.54 percent. The 52-week high of the share was Rs 357.50 and the 52-week low was Rs 203.50.


The latest book value of the company is Rs -196.11 per share. At current value, the price-to-book value of the company was -1.19.


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Daily Dump: Making wealth with waste!

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

For more watch the accompanying video.


23.25 | 0 komentar | Read More

BreatheEasy: Technology to produce fresh air

WHO has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

The World Health Organization (WHO) has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

For more watch the accompanying video.


23.25 | 0 komentar | Read More

GreenCHILL: Affordable cooling system for dairy farms

Akash Agarwal co-founded New Leaf Dynamic Technologies with his father. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural & remote areas. This solution can refrigerate 500-1000 litres a milk in one go.

2

23-year-old Akash Agarwal conceptualised his start-up while still in his final year of college in the United States and co-founded New Leaf Dynamic Technologies with his father Anurag Agarwal. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural and remote areas this solution can refrigerate 500-1000 litres a milk in one go.

For more watch the accompanying video.


23.25 | 0 komentar | Read More

Maruti's Guj plant: LIC, MFs say awaiting shareholders meet

While LIC is the single largest minority investor in the country's largest car maker with 6.8 percent holding, mutual funds hold around 6.53 percent and domestic financial institutions hold 7.95 percent.

Domestic financial institutions led by state-owned LIC and mutual funds , who together hold
around 21.3 percent in  Maruti Suzuki , are likely to firm up their stance after the auto major's shareholders meeting next month about its plans to set up a car plant in Gujarat as a
fully-owned subsidiary of its Japanese parent.

While LIC is the single largest minority investor in the country's largest car maker with 6.8 percent holding, mutual funds hold around 6.53 percent and domestic financial institutions hold 7.95 percent.

Ever since Maruti's Japanese parent announced its plans to set up an assembly line Gujarat as its fully-owned subsidiary eight months ago, the minority investors were up in
arms, as they feared that Suzuki would later make Maruti just a contract manufacturer and not full-fledged car company. 

"We are yet to take a call on the issue," an LIC official said, and pointed out that it's too early and the company is yet to get its shareholders nod. On the other hand, mutual fund houses are divided on the issue. They feel that why should the company not set up its own plant, rather than setting up it through a subsidiary whose future is uncertain.

Maruti Suzuki will meet its shareholders at an extraordinary general body meeting next month to secure their approval for the project. The company needs to secure the
permission of at least 75 percent shareholders for the investment in the plant.

"We haven't formed an opinion on Maruti Suzuki's move to set up its trading unit in Gujarat as of now and we will take a call at the Maruti shareholders meeting early November," a senior official of LIC told PTI requesting anonymity.

When asked if the LIC will go by the recommendation of proxy advisors, the official said, "it's wrong to believe that LIC will go by the advice of proxy advisors. Let me reiterate that we are yet to form an opinion on the issue."

The mutual fund houses are confused about what will be the future of the subsidiary once its 15-year agreement ends with Maruti Suzuki.

"We don't know what will happen to the subsidiary after 15 years when its agreement with Maruti-Suzuki comes to an end," CIO of a MF house said, adding, "we are currently
evaluating the company's plans before we finally come up with our own stand on the matter." 

Maruti Suzuki stock price

On October 23, 2014, Maruti Suzuki India closed at Rs 3164.60, down Rs 17.1, or 0.54 percent. The 52-week high of the share was Rs 3195.00 and the 52-week low was Rs 1484.20.


The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 32.81. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.56.


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Nissan to recall 9000 units of Micra, Sunny in India

The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.
 
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

"Nissan plans to begin notifying customers soon. Nissan dealers will replace the driver airbag inflator with a correctly manufactured part at no cost to the customers for parts or labour," a Nissan India spokesperson said.

The global recall of 2,60,000 units by the Japanese auto major affects models, including Note, March/Micra, Sunny/Almera/Versa, Patrol and Cube. These are affected by a driver airbag concern that Takata reported to Nissan, the company said.

Ever since auto industry body SIAM started voluntary vehicle recall for safety related issues in India in July 2012, over seven lakh vehicles have been recalled by various manufacturers including Maruti Suzuki , Mahindra & Mahindra , Toyota, Ford, Honda and General Motors.

Last month Maruti Suzuki India announced recall of 69,555 units of Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.

In April this year, in one of the biggest vehicle recalls in India, Maruti Suzuki recalled 1,03,311 units Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.

Last year, General Motors India recalled over 1,10,000 units of its multi-utility vehicle Tavera to address emission and specification issues.

The government is in process of framing a mandatory recall policy that would entail penalties as part of the new Central Motor Vehicle Rules.

Maruti Suzuki stock price

On October 23, 2014, Maruti Suzuki India closed at Rs 3164.60, down Rs 17.1, or 0.54 percent. The 52-week high of the share was Rs 3195.00 and the 52-week low was Rs 1484.20.


The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 32.81. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.56.


23.25 | 0 komentar | Read More

Daily Dump: Making wealth with waste!

Written By komp limpulima on Jumat, 24 Oktober 2014 | 23.25

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

For more watch the accompanying video.


23.25 | 0 komentar | Read More

Storyboard: India's first online Diwali

According to ASSOCHAM, online sales are expected to touch Rs 10,000 crore mark growing by around 350 percent over last year. What are brick and mortal stores doing and how are they handling this challenge? Storyboard's Pavni Mittal discusses this with Infinity Retail's Ajit Joshi and Madhumita Dutta of Raymond.

For most retailers across categories like electronics, apparel and jewellery, festive season accounts for around 10-25 percent of their annual sales. With consumer sentiment, which had been low for the last few years improving, this festive season is expected to see better demand than last but the big news is that this is also expected to be India's first big online Diwali. According to Associated Chambers of Commerce and Industry of India (ASSOCHAM), online sales are expected to touch Rs 10,000 crore mark growing by around 350 percent over last year. What are brick and mortal stores doing and how are they handling this challenge? Storyboard's Pavni Mittal discusses this with Infinity Retail's Ajit Joshi and Madhumita Dutta of Raymond .

For more watch the accompanying videos.

Raymond stock price

On October 23, 2014, Raymond closed at Rs 507.10, down Rs 4.85, or 0.95 percent. The 52-week high of the share was Rs 517.50 and the 52-week low was Rs 255.00.


The company's trailing 12-month (TTM) EPS was at Rs 16.19 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 31.32. The latest book value of the company is Rs 179.34 per share. At current value, the price-to-book value of the company is 2.83.


23.25 | 0 komentar | Read More

BreatheEasy: Technology to produce fresh air

WHO has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

The World Health Organization (WHO) has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

For more watch the accompanying video.


23.25 | 0 komentar | Read More

GreenCHILL: Affordable cooling system for dairy farms

Akash Agarwal co-founded New Leaf Dynamic Technologies with his father. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural & remote areas. This solution can refrigerate 500-1000 litres a milk in one go.

2

23-year-old Akash Agarwal conceptualised his start-up while still in his final year of college in the United States and co-founded New Leaf Dynamic Technologies with his father Anurag Agarwal. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural and remote areas this solution can refrigerate 500-1000 litres a milk in one go.

For more watch the accompanying video.


23.25 | 0 komentar | Read More
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