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Pure Storage to Deliver Modern Data Experience in India

Pure Storage to Deliver Modern Data Experience in India

Enterprise flash storage pioneer brings technology solutions to accelerate digital transformationBANGALORE, India, July 14, 2020 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as a service in a multi-cloud world, today announced its formal entry to the Indian market with a complete sales, channels and marketing team under the leadership of country manager, Ramanujam Komanduri; and the appointment of new distributors and resellers.Pure Storage pioneered the use of flash storage in enterprise data centers and hybrid cloud environments and continues to lead the market with new technology and business model innovations. <br> Pure has led Gartner's Magic Quadrant for Primary Storage for the past six years and according to IDC, has outpaced the worldwide external OEM (original equipment manufacturer) storage market with a compound annual growth rate of 55.7 percent from 2014 to 2019 with the overall market only growing at 2.6 percent in the same period. In its latest report for calendar Q1 2020, IDC said Pure grew 7.7 percent year-over-year while the overall market shrank by 8.2 percent. Pure has also consistently topped customer satisfaction ratings with a net promoter score in the top 1 percent of enterprise B2B companies."This is a significant milestone for Pure Storage in India as we are now able to support a wider range of customers and partners. With the appointment of new distributors and resellers, we are able to offer new age technology solutions which along with the solutioning strengths of our partners, enable a modern data experience for our customers. The timing could not be better as Indian enterprises ramp up their digital transformation journeys," said Ramanujam Komanduri, country manager, India, Pure Storage."India's US$3 trillion economy is set for massive change and accelerated disruption in the next decade to be a global economic force in the digital era. Data-driven businesses are disrupting and changing the competitive landscape across many vertical industries," according to IDC Asia/Pacific's Rajnish Arora, Vice President - Enterprise Computing. "Pure Storage's announcement of its formal entry into the Indian market and a strong leadership team will put the company at the heart of this massive transformation opportunity with its compelling modern data platform."Pure's new distributors are Redington (India) Ltd and iValue InfoSolutions Pvt Ltd. The new resellers include: Orange Business Services India Technology Private Limited; Sirius Computer Solutions India Private Limited; Locuz Enterprise Solutions Limited; Amazure Technologies Pvt Ltd; Relitronics; and Rahi Systems Pvt. Ltd."Pure is pleased to have signed on Redington and iValue as our new distributors in India. Together, they bring over 40 years of experience working in the Indian market with nationwide networks of system integrators and resellers. Redington has become the leading distribution and supply chain solutions provider and has moved swiftly to support new age technologies like Artificial Intelligence (AI), Robotics, Big Data and Analytics, Internet of Things (IoT), and 5G communications. iValue is the fastest growing value-added distributor in India, in the digital asset protection and data, network and application management space, growing at more than four times the market," said Scott Goree, Head of Global Distribution, Pure Storage.Pure Storage will be offering its full range of enterprise data storage solutions in India such as the third-generation all-NVMe FlashArray//X; FlashBlade, the industry's most advanced storage for unstructured data, consolidating complex data silos; and Cloud Data Services; all managed seamlessly across multi-cloud environments by Pure1. Pure's solutions support a wide-range of workloads including enterprise applications such as Microsoft, Oracle and SAP; hybrid clouds; data analytics and artificial intelligence; and infrastructure solutions such as virtual desktop infrastructure (VDI), containers, converged infrastructure and DevOps.For more information on Pure's solutions, go to www.purestorage.com.About Pure StoragePure Storage (NYSE: PSTG) gives technologists their time back. Pure delivers a modern data experience that empowers organizations to run their operations as a true, automated, storage as-a-service model seamlessly across multiple clouds. One of the fastest-growing enterprise IT companies in history, Pure helps customers put data to use while reducing the complexity and expense of managing the infrastructure behind it. And with a certified customer satisfaction score in the top one percent of B2B companies, Pure's ever-expanding list of customers are among the happiest in the world.Analyst Recognition: Pure Storage has been named a Leader in the 2019 Gartner Magic Quadrant for Primary Storage.Pure Storage, the "P" Logo, FlashBlade and Pure1 are trademarks or registered trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.Logo - https://mma.prnewswire.com/media/1213498/171513LOGO_Logo.jpg<br><br><b>Author:PR NewsWire</b><br><b>Source:https://m.dailyhunt.in/news/india/english/pr+newswire-epaper-prnswe/pure+storage+to+deliver+modern+data+experience+in+india-newsid-n198460944</b>

Manoj Majumdar

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Stocks to watch: Wipro, Mindtree, Cipla, HDFC, Lakshmi Vilas Bk, Bata India

Stocks to watch: Wipro, Mindtree, Cipla, HDFC, Lakshmi Vilas Bk, Bata India

At 08:42 am, Nifty futures on the Singapore Exchange (SGX) were trading 58.35 points or 0.54 per cent lower at 10,756, indicating a negative start for the Indian market on Tuesday.Here's a list of stocks that may remain in focus today - <br><br><br><br><br><br>Wipro: The Bengaluru-headquartered information technology (IT) services company will announce its financial results for the quarter ended June 2020 (Q1FY21) on Tuesday, July 14. READ MORE<br><br>Earnings today: Besides Wipro, 34 other companies are slated to announce their quarterly results today including Mindtree, and Oberoi Realty.<br><br>HDFC: Mortgage lender HDFC Ltd on Monday said it is planning to raise up to Rs 45,000 crore by issuing debt securities and will seek approval of shareholders in its upcoming AGM later this month.<br><br>Pfizer: Two experimental coronavirus vaccines jointly developed by German biotech firm BioNTech and US pharmaceutical giant Pfizer have received 'fast track' designation from the US drug regulator, the companies said on Monday.<br><br>Vodafone Idea: In a fresh twist to the controversy over premium telecom plans, Vodafone Idea on Monday moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking a stay on the regulator’s diktat to block such schemes.<br><br>Lakshmi Vilas Bank: As per news reports, the lender is in talks with investors to mop up Rs 1,000 crore additional capital. Last month, the bank had received LoI from Clix Capital for 51 per cent stake purchase. READ MORE<br><br>Bata India: In an exchange filing, the company informed that the revenue from operations for the quarter ended March 31, 2020, of Rs 6197.03 million have decreased by 9 per cent over the corresponding period last year primarily due to suspension of the Company's stores towards second half for the month of March 2020 as per government directives for Covid- 19.<br><br>HDFC Bank: A spokesman for HDFC Bank confirmed there had been an investigation into the vehicle-financing unit but declined to give details. READ MORE<br><br>ZEE Learn: According to news reports, the Bombay High Court has dismissed the company's plea against UTI Mutual Fund. Zee Learn had cited RBI's moratorium circular as the basis for relief on interest payments to UTI Mutual Fund.<br><br>Adani Green: In a Q1 business update, the company informed that it has commissioned 50 MW Kilaj Solar plant in Rawra, Rajasthan pursuant to project awarded from SECI at a tariff of Rs 2.54/unit.<br><br>Cipla: The company informed that it has received final approval for its Abbreviated New Drug Application (ANDA) for Icatibant Injectable 30mg/3mL from the United States Food and Drug Administration (US FDA).Wipro: The Bengaluru-headquartered information technology (IT) services company will announce its financial results for the quarter ended June 2020 (Q1FY21) on Tuesday, July 14. READ MOREEarnings today: Besides Wipro, 34 other companies are slated to announce their quarterly results today including Mindtree, and Oberoi Realty.HDFC: Mortgage lender HDFC Ltd on Monday said it is planning to raise up to Rs 45,000 crore by issuing debt securities and will seek approval of shareholders in its upcoming AGM later this month.Pfizer: Two experimental coronavirus vaccines jointly developed by German biotech firm BioNTech and US pharmaceutical giant Pfizer have received 'fast track' designation from the US drug regulator, the companies said on Monday.Vodafone Idea: In a fresh twist to the controversy over premium telecom plans, Vodafone Idea on Monday moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking a stay on the regulator’s diktat to block such schemes.Lakshmi Vilas Bank: As per news reports, the lender is in talks with investors to mop up Rs 1,000 crore additional capital. Last month, the bank had received LoI from Clix Capital for 51 per cent stake purchase. READ MOREBata India: In an exchange filing, the company informed that the revenue from operations for the quarter ended March 31, 2020, of Rs 6197.03 million have decreased by 9 per cent over the corresponding period last year primarily due to suspension of the Company's stores towards second half for the month of March 2020 as per government directives for Covid- 19.HDFC Bank: A spokesman for HDFC Bank confirmed there had been an investigation into the vehicle-financing unit but declined to give details. READ MOREZEE Learn: According to news reports, the Bombay High Court has dismissed the company's plea against UTI Mutual Fund. Zee Learn had cited RBI's moratorium circular as the basis for relief on interest payments to UTI Mutual Fund.Adani Green: In a Q1 business update, the company informed that it has commissioned 50 MW Kilaj Solar plant in Rawra, Rajasthan pursuant to project awarded from SECI at a tariff of Rs 2.54/unit.Cipla: The company informed that it has received final approval for its Abbreviated New Drug Application (ANDA) for Icatibant Injectable 30mg/3mL from the United States Food and Drug Administration (US FDA).<br><br><b>Author:SI Reporter <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> |  <br><p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> New Delhi</b><br><b>Source:https://www.business-standard.com/article/markets/stocks-to-watch-wipro-mindtree-cipla-hdfc-lakshmi-vilas-bk-bata-india-120071400177_1.html</b>

Naveen Kaka

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This group payments startup founded by IIT-Bombay alumni makes it easy to goDutch

This group payments startup founded by IIT-Bombay alumni makes it easy to goDutch

While at IIT-Bombay, <br>Anirudh Singh, Riyaz Khan, and Sagar Sheth <br>lived in the same hostel wing. Like most college buddies, they often went on trips and routinely ordered food to their hostel rooms. <br>Managing accounts and clearing bills as a group was challenging, <br>and the trio often deliberated on this <br>pain point<br>. <br><br><br>After graduating from college and a few months of working, the friends started <br>group payments app goDutch in 2019<br>. Launched earlier this month, the goDutch app allows users to <br>record, split, and automatically settle group transactions such as rent payments, travel, shopping, dine out, home delivery, etc<br>. <br><br>The startup has <br>raised $1.7 million funding led by Matrix Partners India <br>with participation from <br>Y Combinator, Global Founders Capital, Soma Capital, VentureSouq, <br>and marquee angel investors such as Justin Mateen (Co-founder, Tinder), Kevin Lin (Co-founder, Twitch), Rohan Angrish (Head, ICICI Labs), and Sumon Sadhu. <br><br><br><b>With this funding, goDutch is targeting 50 million Indians across Tier I and I cities that make up $75 billion worth of group transactions annually.</b><br>Targeting a personal pain point<br><br>“As we graduated and started living with flatmates, we realised that <br>most expenses were group expenses such as rent, furniture rental, food and grocery, OTT platforms, movies, concerts. <br>Managing that wasn't easy as <br>we had to manually note down every expense and then wait for a lot of days before people eventually cleared the outstanding balance after multiple awkward reminders<br>,” Sagar says.<br><br>The trio believe <br>group payments currently is a multi-step process for most users <br>“with a high social barrier”. <br>Many people who use available transaction tracking apps struggle to settle accounts <br>and receivables often ramp up rapidly. goDutch aims to streamline and solve for this gap.<br><br><br><b>In a week of launch, the team saw over 1,000 downloads driven primarily by early adopters discovering them through social media and sharing. </b><br>Seamlessly settling expenses<br><br>Aniruddh Singh, Co-Founder and COO, goDutch, says “Our group experiences are affected by awkward hassles in settling expenses with our friends. <br>We tackle this intricate social problem with one swipe of the goDutch card that gives our customers with a quick and effortless experience <br>in these tricky situations.”<br><br><br>goDutch helps to seamlessly manage group expenses. It is loaded with features: create groups with friends, add expenses or bills with groups or individuals, chat with groups or individuals, edit or delete transactions, view and settle all outstanding balances, remind friends to pay you back, and pay your friends manually or initiate UPI payments using PhonePe, Google Pay, WhatsApp, BHIM, etc. <br><br><br>Other players in this space include <br>Splitwise, a US-based company that only allows expense logging, <br>and other traditional <br>P2P payment apps such as Google Pay, PhonePe, etc<br>. <br><br><br>Speaking about their differentiator, the team says there is no other group expense management app in India that addresses the social dynamics of group payments. <br>How you can goDutch?<br><br>Riyaz Khan, Co-Founder and CPO, goDutch<br>, says, “People are using traditional payment apps designed for <br>one-to-one payments for group payments<br>. Given the frequency of shared transactions one has with friends, it’s time to look at this problem separately. <br>That’s the idea behind the goDutch card through which friends can share payments in real time<br>.”<br><br>The founders say their real innovation is in the <br>“first-of-its-kind” goDutch card<br>. <br><br><br>This virtual card, issued in partnership with CSB Bank, enables real-time splitting of group payments at any online or offline merchant. Users can get the free virtual card instantly by signing up on the app; the physical card is dispatched later. <br><br><br>The card lets you link your payment method (credit card or bank account), get your individual virtual goDutch card powered by CSB Bank and RuPay network, and transact on behalf of your groups at any online or offline merchant.<br> <br><br>All group members automatically <br>pay their own share in real time<br>; no need to remind people to pay you back your money. <br><br>goDutch is a <br>10-member team <br>at present. “We're based out of Mumbai, but the entire team has been onboarded remotely,” Sagar explains.<br><br><br>Speaking on the recent funding, Rajat Agarwal, Director at Matrix Partners India, says that while many existing apps allow recording of group transactions, none of them enables seamless peer-to-peer settlements or real-time splitting. <br><br>“It’s a real pain point for young adults and, if solved well, <br>the product has the potential to grow <br>virally. We believe <br>group payments can also be an exciting entry point to ultimately target group commerce and bring it online<br>. We are thrilled to partner with the goDutch team as they reimagine this space and provide a truly 21st century experience,” Rajat says.<br><br><br>(Edited by Teja Lele Desai)<br><br><br><br><br><b>Author:Sindhu Kashyaap</b><br><b>Source:https://www.yourstory.com/2020/07/group-payments-startup-go-dutch-iit-bombay-alumni-matrix-partners</b>

Asha Rabidas

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Prequel to 'The Great Gatsby' releasing next year

Prequel to 'The Great Gatsby' releasing next year

A prequel to F Scott Fitzgerald's 'The Great Gatsby', by Michael Farris Smith will release in February 2021.<br><br>Titled 'Nick', the book will follow Nick Carraway's early life. All he did before he reached New York in Fitzgerald's book. We see him fighting in the First World War in trenches, and witness a romance that took him from Paris to New Orleans, and is both violent and debauched.<br><br>The original book, 'The Great Gatsby' was published in 1925 and gained popularity during the second world war. It's a part of the American school curriculum and is far more popular now than when it was first published.<br><br>It follows a bachelor Nick Carraway who comes to New York to make a fortune and befriends his neighbour, who always seems to be throwing big parties. As he struggles to work and make his own relationship work he discovers that there's a connection between his happily married cousin and his wealthy neighbour.<br><br>Michael Farris Smith said, "I’ve always been drawn to Nick Carraway as a character, his feelings on turning 30 and a decade of uncertainty before him have always rung true to my own emotions when I was the same age. And I still feel that way much of the time, torn between the revelations of what we discover in life and the abandon of those same discoveries. The last time I read Gatsby, a few years ago, Nick stayed in my imagination, and he reveals so little about himself in the story, I couldn’t help but begin to create him in my mind, and I knew the only way to get it out was to put it on the page. So I embraced the idea and dove into it with all those emotions fueling the creation."<br><br>Michael Farris Smith is an award-winning novelist and essayist, known for his books 'The Fighter', 'Desperation Road' and most recently 'Blackwood', which just released in March. All these three will be getting screen adaptations.<br><br>The book will be published by No Exit Press. Editor-in-Chief Geoffrey Mulligan said, "In Nick, Michael has created an exceptional story: an inspired concept realised with delicate, rhythmic prose, profound characterisation and deep emotion. The trenches and the bomb craters are utterly vivid, the silence of the tunnels deafening. And the ending – the clever ending that brought Nick’s story to a close while opening up the world of West Egg – is perfect. Nick is a brilliant novel that will enhance Michael’s considerable international reputation."<br><br>Pulitzer Prize winning author Richard Russo said, "Anybody who believes that the war is over when the enemy surrenders and the troops come home needs to read Michael Farris Smith’s masterful new novel Nick. Its stark, unvarnished truth will haunt you."<br><br>'Nick' is due to release in January 2021.<br><br><b>Author:By - TIMESOFINDIA.COM</b><br><b>Source:https://timesofindia.indiatimes.com/life-style/books/prequel-to-the-great-gatsby-releasing-next-year/articleshow/76942706.cms</b>

prakash kumar Sah

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CBDT Offers One-Time Relaxation On Verification Of ITRs

CBDT Offers One-Time Relaxation On Verification Of ITRs

The CBDT on Monday launched a one-time relaxation for verification of ITRs of e-ITRs of AYs 2015-16 to 2019-20 pending due to non-filing of the ITR-V form.The department said that there is still pendency in respect of processing of filed ITRs as valid ITRV has not been received form from taxpayers amid the ongoing coronavirus pandemic and the consequent lockdown across the country.For all such returns there has been allowed verification by sending of ITR V to the CPC or via EVC or OTP modes by latest September 30, 2020.The CBDT has clarified that "this relaxation shall not apply in those cases, where during the intervening period, Income Tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as non-est."GoodReturns.insource: goodreturns.in<br><br><b>Author:Good Returns</b><br><b>Source:https://m.dailyhunt.in/news/india/english/good+returns-epaper-goreturn/cbdt+offers+one+time+relaxation+on+verification+of+itrs-newsid-n198453592</b>

Md Alam Ansari

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Indian Equities To Lag Peers On Weak Stimulus Measures

Indian Equities To Lag Peers On Weak Stimulus Measures

As the stimulus doled out by the Indian government is deemed to be too low, Indian markets will lag its peers and foreign investors have begin to price in the fact. Since March lows which dragged markets to 4-year low, Indian markets have clawed back 43% gains primarily on account of huge liquidity driven by stimulus measures from global central banks.And because of the heavily discounted prices, money poured into Indian equities.And as per the stock exchange data, even despite flows to the tune of $1.98 billion, foreign investors have been net sellers."There are a lot of macro issues that make India a little less of an easy story," said Rashmi Gupta, emerging markets (EM) portfolio manager at JP Morgan Private Bank in New York."It has to walk a fine line as it has a higher debt-to-GDP (gross domestic product) ratio and doesn't have much room compared to some other EM economies in terms of its ability to provide fiscal stimulus," she said.The prime problem engulfing India is the problem being faced at the core such as by poor, where migrant workers were forced to move to their home town amid Covid 19 led lockdown."People who need the help aren't the ones getting the help," said Sailesh Lad, head of active emerging markets fixed income at AXA Investment Managers in London."A lot of people in India live hand-to-mouth. If you don't know when the next salary is coming, then your consumption spending reduces."Though India put forward a combined fiscal and monetary package worth $266 billion, spending commitments come to be just 1% of GDP or roughly $20 per individual.In comparison China has been doling out over 4% of its GDP into the economy with its packages.High debt to GDP ratio-A major woe for Indian economyThe country's debt to GDP ratio stood at 71% only early in 2020 and is only next to Brazil. Further it is higher than the levels suggested by the International Monetary Fund recommended for developing economies which are threatened due to growth and currencies.There are expectations of a further rate cut but depreciation in the rupee may push analyst and policymakers to go for a pause."With the fiscal deficit threatening to cross 6 percent even in the absence of larger stimulus, and individual states also having to borrow more, it's not possible to issue a larger package," said Abheek Barua, chief economist at HDFC Bank in New Delhi.Also, Chinese markets where this Covid 19 outbreak was seen the first after fund pumping are now trading 13% higher and have recovered all their Covid 19 losses."In view of the continuing decline in corporate earnings estimates, we think the market could go down before it goes up," Raychaudhuri said.GoodReturns.insource: goodreturns.in<br><br><b>Author:Good Returns</b><br><b>Source:https://m.dailyhunt.in/news/india/english/good+returns-epaper-goreturn/indian+equities+to+lag+peers+on+weak+stimulus+measures-newsid-n198453606</b>

Vani Jhaveri

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Luckin Coffee replaces chairman Charles Lu

Luckin Coffee replaces chairman Charles Lu

Luckin Coffee has replaced co-founder and (now ex-) chairman Charles Zhengyao Lu, despite his efforts to maintain control over the troubled Beijing-based coffee chain. The company disclosed in an SEC filing on Monday that Jinyi Guo, another co-founder, board member and former acting chief executive of Luckin, has been appointed as its new chairman and chief executive officer.<br>In today’s SEC filing, Luckin also said a total of four directors have left the board (Lu, David Hui Li, Erhai Liu and Sean Shao) and two new independent directors have been appointed. The new additions are Jie Yang, vice dean of the business school at the China University of Political Science and Law, and Ying Zeng, who was a partner at law firm Orrick Herrington and Sutcliffe and previously served as El Paso Corporation’s vice president and country manager for China.<br>The company’s disclosure comes after weeks of strife during which Lu sought to hold onto control of Luckin. Earlier this month, an attempt by Luckin Coffee’s directors to remove Lu as chairman failed to get enough votes during a board meeting.<br>The proposal to oust Lu was made on June 26 after an internal investigation found that Luckin Coffee’s net revenue in 2019 was inflated by about RMB 2.12 billion (US $300 million) and that fabrication of transactions began in April 2019, with Lu, former chief operating officer Jenny Zhiya Qian and several other employees participating in the false reports.<br>Luckin Coffee disclosed last month that Nasdaq had decided to delist the company, a spectacular fall from grace after it raised $651 million in its United States public offering in May before allegations of fraud caused its stock to plummet.<br><br>Luckin Coffee will unluckin’ly delist from Nasdaq following fraud allegations<br><br><b>Author:Catherine Shu</b><br><b>Source:https://techcrunch.com/2020/07/13/luckin-coffee-replaces-chairman-charles-lu/</b>

Niti Sinha

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Market Ahead, July 14: Top factors that could guide markets today

Market Ahead, July 14: Top factors that could guide markets today

The SGX Nifty is indicating declines at the opening for the Indian markets today. At 7 AM, SGX Nifty was trading around 10,790 levels, down 21 points from Nifty futures' previous close following weak global cues. On the Wall Street, the S&P 500 dropped 0.94 per cent after touching its highest level since February 24 intra-day. The Nasdaq closed 2.1 per cent lower although Dow Jones rose 0.04 per cent.Asian shares also dipped in Tuesdays early deals. Both Australian ASX 200 and Japan's Nikkei slipped 0.6 per cent in early trading while Korea's Kospi lost 0.3 per cent.<br><br><br><br><br> <br><p>In commodities, Brent crude was last trading 2 per cent lower at $41.86 per barrel.<br> <br><p>Investors will today react to the CPI-based inflation data released post market hours yesterday. CPI inflation for June stood at 6.09 per cent, which has raised expectations of another rate cut. Meanwhile, the WPI inflation numbers are scheduled to be released today<br> <br><p>On the Covid-19 front, India recorded 28,179 new cases on Monday, taking its total tally to over 9 lakh, according to Worldometer. The country's death toll stands at 23,727. Worldwide, over 1.3 crore people have been diagnosed with Covid-19. The World Health Organisation yesterday warned that the pandemic will worsen if countries fail to adhere to strict healthcare precautions.<br> <br><p>Meanwhile, corporate results will continue to induce stock-specific movements. A total of 35 companies, including Wipro and Mindtree, are scheduled to announce their quarterly results today. Wipro, like its peers, is expected to post a weak set of numbers for the June quarter. Investors are likely to watch out for the company's strategy under the new CEO, updates on client interactions, and assessment of the impact on IT spend due to Covid-19 pandemic, among other things.<br> <br><p>And, now, a quick look at other top news for the day.<br> <br><p>After seeing a plunge in April amid the lockdown, retail payments reported a recovery in May, jumping 23 per cent to Rs 24.22 trillion in value terms, against Rs 19.66 trillion in April, the RBI monthly bulletin data showed.<br> <br><p>Rating agency S&P Global has cut its emerging market growth forecasts, predicting a 4.7 per cent slump on average this year due to the coronavirus and warned that all countries would be left with permanent scars too.<br> <br><p>The Nabard on Monday announced Rs 5,000 crore of refinance scheme for banks and financial institutions for providing finance to the beneficiaries of its 2,150 watershed development projects.<br> <br><p>And, Private sector City Union Bank's board has approved the proposal to raise up to Rs 1,100 crore through equity and debt. The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month.<br>Read by Kanishka GuptaIn commodities, Brent crude was last trading 2 per cent lower at $41.86 per barrel.Investors will today react to the CPI-based inflation data released post market hours yesterday. CPI inflation for June stood at 6.09 per cent, which has raised expectations of another rate cut. Meanwhile, the WPI inflation numbers are scheduled to be released todayOn the Covid-19 front, India recorded 28,179 new cases on Monday, taking its total tally to over 9 lakh, according to Worldometer. The country's death toll stands at 23,727. Worldwide, over 1.3 crore people have been diagnosed with Covid-19. The World Health Organisation yesterday warned that the pandemic will worsen if countries fail to adhere to strict healthcare precautions.Meanwhile, corporate results will continue to induce stock-specific movements. A total of 35 companies, including Wipro and Mindtree, are scheduled to announce their quarterly results today. Wipro, like its peers, is expected to post a weak set of numbers for the June quarter. Investors are likely to watch out for the company's strategy under the new CEO, updates on client interactions, and assessment of the impact on IT spend due to Covid-19 pandemic, among other things.And, now, a quick look at other top news for the day.After seeing a plunge in April amid the lockdown, retail payments reported a recovery in May, jumping 23 per cent to Rs 24.22 trillion in value terms, against Rs 19.66 trillion in April, the RBI monthly bulletin data showed.Rating agency S&P Global has cut its emerging market growth forecasts, predicting a 4.7 per cent slump on average this year due to the coronavirus and warned that all countries would be left with permanent scars too.The Nabard on Monday announced Rs 5,000 crore of refinance scheme for banks and financial institutions for providing finance to the beneficiaries of its 2,150 watershed development projects.And, Private sector City Union Bank's board has approved the proposal to raise up to Rs 1,100 crore through equity and debt. The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month.Read by Kanishka Gupta<br><br><b>Author:BS Web Team <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> |  <br><p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> New Delhi</b><br><b>Source:https://www.business-standard.com/podcast/markets/market-ahead-july-14-top-factors-that-could-guide-markets-today-120071400154_1.html</b>

RAKESH KUMAR TIWARY

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Nifty outlook & stock calls by Anand Rathi: Buy Wipro, Sun Pharma

Nifty outlook & stock calls by Anand Rathi: Buy Wipro, Sun Pharma

BUY NIFTY | TARGET: 10,950 | STOP LOSS: 10,700The Nifty index is in a consolidation mode where the support is continuously shifting higher. The momentum indicators and oscillators are very well in the 'buy' mode on a weekly scale, which hints that bulls are tightening the grip and the current pullback is likely to extend further. The volatility index, IndiaVIX, is hovering near 25 levels which is giving comfort to the bulls. Thus, aggressive traders can initiate a long position with the strict stop loss of 10,700 and defensive traders should refrain from creating any aggressive bets in the index from here on and adopt a stock-specific approach.<br><br><br><br><br><br>BUY WIPRO | TARGET: Rs 245 | STOP LOSS: Rs 220<br> <br><p>The stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes. It is also taking constant support at its 21-day short-term moving average. The momentum oscillator MACD has also provided fresh buy crossover on the daily chart, which hints at the likelihood of the positive momentum to continue in the short term.<br><br>BUY COLPAL | TARGET: Rs 1,500 STOP LOSS: Rs 1,395<br> <br><p>The stock is making a higher top and higher bottom pattern on the daily chart and has also provided a major breakout from its 2-month consolidation. It is also trading well above its short-term and long-term moving averages. The momentum indicator and oscillator are well in the buy mode on the daily as well as weekly scale.<br><br>BUY SUNPHARMA | TARGET: Rs 520 | STOP LOSS: Rs 484<br> <br><p>Sunpharma has provided a breakout from a symmetrical triangle formation on the daily chart. It is also taking the support of its 21-DMA which is also placed near 484 levels. The MACD has provided fresh buy crossover on the daily chart. The momentum indicator RSI is also moving higher which hints that current rally is likely to continue further. The overall Pharma sector has again started moving higher after pausing for the past couple of weeks.<br><br>Disclaimer: Nilesh Jain is Technical and Derivatives Research Analyst at Anand Rathi Shares and Stock Brokers. He may have positions in one or all of the above mentioned stocks. Views are personal.BUY WIPRO | TARGET: Rs 245 | STOP LOSS: Rs 220The stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes. It is also taking constant support at its 21-day short-term moving average. The momentum oscillator MACD has also provided fresh buy crossover on the daily chart, which hints at the likelihood of the positive momentum to continue in the short term.BUY COLPAL | TARGET: Rs 1,500 STOP LOSS: Rs 1,395The stock is making a higher top and higher bottom pattern on the daily chart and has also provided a major breakout from its 2-month consolidation. It is also trading well above its short-term and long-term moving averages. The momentum indicator and oscillator are well in the buy mode on the daily as well as weekly scale.BUY SUNPHARMA | TARGET: Rs 520 | STOP LOSS: Rs 484Sunpharma has provided a breakout from a symmetrical triangle formation on the daily chart. It is also taking the support of its 21-DMA which is also placed near 484 levels. The MACD has provided fresh buy crossover on the daily chart. The momentum indicator RSI is also moving higher which hints that current rally is likely to continue further. The overall Pharma sector has again started moving higher after pausing for the past couple of weeks.<br><br>Disclaimer: Nilesh Jain is Technical and Derivatives Research Analyst at Anand Rathi Shares and Stock Brokers. He may have positions in one or all of the above mentioned stocks. Views are personal.<br><br><b>Author:Nilesh Jain <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> |  <br><p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> <p><p><p><p><p><p><p><p> Mumbai</b><br><b>Source:https://www.business-standard.com/article/markets/nifty-outlook-stock-calls-by-anand-rathi-buy-wipro-sun-pharma-120071400153_1.html</b>

ALI ASHRAF YOUSUF

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Corruption

Corruption

Corruption is dishonest behavior by those in positions of power, such as managers or government officials. Corruption can include giving or accepting bribes or inappropriate gifts, double-dealing, under-the-table transactions, manipulating elections, diverting funds, laundering money, and defrauding investors. One example of corruption in the world of finance would be an investment manager who is actually running a Ponzi scheme.There are many situations in which a person can be considered corrupt. In the financial services industry, chartered financial analysts and other financial professionals are required to adhere to a code of ethics and avoid situations that could create a conflict of interest. Penalties for being found guilty of corruption include fines, imprisonment, and a damaged reputation. Engaging in corrupt behavior may have negative long-lasting effects for an organization. In 2015, five prominent investment banks were fined a cumulative total of approximately $5.5 billion for rigging the foreign exchange market between 2007 and 2013.When corruption occurs within an organization, unflattering media coverage typically follows, which may result in customers losing trust in the company's business practices and products. A comprehensive public relations campaign is often required to limit reputational damage and restore trust. This requires valuable resources, such as time and money, which may result in other critical areas of the organization being deprived. As a result, inefficiencies that lead to financial losses can occur.In 2016, the Securities and Exchange Commission (SEC) ordered software company PTC Inc. to pay a combined $28 million in fines for attempting to bribe Chinese officials by providing approximately $1 million in recreational travel through two PTC China-based subsidiaries. As the case became increasingly public, PTC Inc. has needed to strike a delicate public relations effort to restore its reputation. Organizations that have been known to engage in corruption find business development difficult. Investors and shareholders are reluctant to commit if an organization has a history of corruption, or bribes and favors are part of normal business conduct.Corruption unchecked can increase criminal activity and organized crime in the community. A number of steps can, however, help to manage corruption. There must be a strong focus on education, which must reinforce best business practices, and alert managers and employees where to look for corruption. This can be achieved by introducing mandatory education such as anti-money laundering (AML) courses. Senior executives and management must set a strong culture of honesty and integrity by leading by example.Corruption is likely to be reduced with accountability mechanisms in place; this in turn is likely to reinforce a culture that fosters strong ethical behavior while holding those to account who violate the norms. Corruption can further be reduced by making it easy to report, whether by managers, employees, suppliers, and customers. A robust control environment also reduces the risk of corruption as do thorough background checks before hiring or promoting employees.<br><br><b>Author:James Chen</b><br><b>Source:https://www.investopedia.com/terms/c/corruption.asp</b>

Swati Ojha

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Why Is Social Responsibility Important in Marketing?

Why Is Social Responsibility Important in Marketing?

The concept of social responsibility holds that businesses should be good citizens, balancing their money-making operations with activities that benefit society, be it on a local, national, or global scale. Social responsibility in marketing involves focusing efforts on attracting consumers who want to make a positive difference with their purchases. Many companies have adopted socially responsible elements in their marketing strategies as a means to help a community via beneficial services and products.Interestingly, the philanthropic practice can be a good business tool as well. The research is plentiful. According to a presentation titled "The Power of a Values-Based Strategy" by Forrester Research, a market research company that advises corporate clients, some 52% of U.S. consumers factor values into their purchase choices," seeking brands that "proactively promote beliefs and values aligned with their own.In addition, a report by Nielsen that surveyed 30,000 consumers in 60 countries also found that 66% of consumers were willing to pay more for goods from brands that demonstrated social commitment. Finally, a study by public relations and marketing firm Cone Communications found that 87% of Americans will purchase a product because its company advocated for an issue they cared about.Recyclable packaging, promotions that spread awareness of societal issues and problems, and directing portions of profits toward charitable groups or efforts are examples of social responsibility marketing strategies. For example, a clothing company's marketing team may launch a campaign that encourages consumers to buy a bundle of socks versus just one pair. Using this model, the company can donate a bundle of socks to military personnel overseas or to local homeless shelters for each bundle sold. As a result of these donations, the company brands itself as socially responsible and charitable, which ultimately attracts customers who are motivated by socially responsible commitments and who want to support the welfare of the community.Corporate responsibility goes hand in hand with socially responsible practices. For example, administrators, executives, shareholders, and stakeholders must practice ethical behaviors and join the community in promoting responsible marketing efforts. Solely putting on appearances or greenwashing, the practice of promoting deceptive environmentally-friendly processes or products, indicates to customers that the company is not committed to social responsibility. Instead, such behaviors can ultimately hurt the brand and the company's success. Consumers often can see through gimmicks, slogans, or efforts that are not genuine or effective. In fact, 65% of the Cone study respondents say they'll research a company's stand on an issue, to see if it's being authentic.Some critics question the concept of social responsibility in marketing, noting that these highly-publicized, expensive campaigns are colorful but highly limited (both in scope and in duration), doing little to eradicate the root sources of problems. They wonder if it wouldn't be more efficient if companies—or consumers, for that matter—just contributed funds directly to charities or philanthropic causes.Certainly, the strategies that seem the most effective are those in which a company finds a way to link its core product directly to its socially responsible endeavor, and also to broaden its efforts. The popular TOMS label is a case in point. The shoemaker began in 2006 with its "one for one" campaign: for every pair of slip-on or boots bought, TOMS donated a pair of shoes to a child in need. Similarly, for every pair of glasses, it paid for an eye exam and treatment for an impoverished person.Although TOMS has furnished millions with shoes and eye care, and the buy-one-donate-one model has been adopted by other trendy brands, TOMS' founder Blake Mycoskie received a lot of criticism regarding the materialistic approach to tackling poverty, and even "dumping shoes" to children who perhaps didn't need any. As a pivot to address more underlying issues of poverty, Mycoskie committed to manufacturing shoes in areas around the globe where he donated them—Vietnam, India, and Kenya. As of 2019, TOMS reports that it has donated more than 95 million pairs of shoes, aided in 780,000 sight restorations, and provided 722,000 weeks of safe water. The company also has its eye on improving infrastructure: having expanded into coffee, TOMS donates the proceeds of its sales to building clean-water systems in the communities where the beans are grown.Although an initial investment may be involved to share profits or donate to those in need, social responsibility in marketing promotes an enhanced company image, which can significantly impact profitability and even productivity favorably.<br><br><b>Author:Investopedia</b><br><b>Source:https://www.investopedia.com/ask/answers/042215/why-social-responsibility-important-marketing.asp</b>

Shubham Sinha

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Second stimulus check: Could you qualify for another IRS payment? What we know

Second stimulus check: Could you qualify for another IRS payment? What we know

b'Just because you got a stimulus check the first time doesn\'t mean you\'ll qualify for a second payment, if there is one. In the next few weeks, the Senate and House are expected to approve a new coronavirus economic relief bill that could include a\xc2\xa0second stimulus check. While we\'ve worked out a probable timeline for when people might receive an additional payment from the IRS, we\'re still unsure who will receive it. There is no guarantee that those who got the full $1,200 benefit the first time around will be eligible for a new check or direct deposit payment this time. White House economic advisor Larry Kudlow has said the second stimulus payment will focus on people who are jobless or have lower incomes,\xc2\xa0Fox Business\xc2\xa0reported. It\'s unclear how that would be calculated. Keep track of the coronavirus pandemic. Here\'s everything we\'ve heard so far about who may or may not be eligible for an extra economic stimulus payment. This story updates often in light of new developments. This $40,000 figure you keep hearing about came from Senate Majority Leader and Kentucky Republican\xc2\xa0Mitch McConnell, who said on July 6, "I think the people who have been hit the hardest are people who make about $40,000 a year or less. Many of them work in the hospitality industry. So that could well be a part of it." That was in response to a reporter\'s question about the second stimulus check. Nancy Pelosi, the House speaker and a California Democrat, questioned the salary cap. "I don\'t know where the $40,000 came from," she said during a July 9 press conference. "I think families making over $40,000 probably need assistance, depending on their situation." Not everyone will qualify for a payment under the current proposal. In San Francisco, for example, the US office of Housing and Urban Development defined "very low income limits" at $60,900 for a single earner and $87,000 for a family of four, based on 50% of the metro area\'s median income in 2020. That would be well above any $40,000 cutoff.It\'s been speculated that the $40,000 figure McConnell cited came from an open letter published June 16 from over 150 economists, led by Ben Bernanke, the former chair of the Federal Reserve, which stated that "among people who were working in February,\xc2\xa0almost 40%\xc2\xa0(PDF) of those in households making less than $40,000 a year had lost a job in March." We won\'t know until another rescue bill is made official, but we can piece together some possibilities. The $40,000 annual income limit being tossed around is one of them, but others have surfaced over the months. For example, the Heroes Act\xc2\xa0(PDF) passed by the House of Representatives in May proposes broad financial benefits to individuals, families and categories that were skipped by the first stimulus check (scroll down for the list of exclusions), including most college students and people who aren\'t US citizens. But the Heroes Act has been strenuously opposed by the Senate and President Donald Trump, who called it DOA. On the other end of the spectrum, McConnell has said that if the Senate, which his Republican party controls, passes another relief bill that includes more stimulus checks, the focus will be narrow. In making these decisions, the Senate and House will factor in economic data that is at best contradictory. The US economy\xc2\xa0added 4.8 million jobs in June\xc2\xa0(PDF), the Labor Department reported last week, as a result of every state reopening in some way. On July 9, however,\xc2\xa0the Labor Department reported (PDF) that for the 16th straight week, the number of US workers newly applying for unemployment insurance was above 1 million, with 1.3 million workers filing new state unemployment claims for the week ending July 4 -- a sign that the US labor market is still shedding jobs. And with\xc2\xa0coronavirus rates now spiking across the US, governors are\xc2\xa0shutting businesses\xc2\xa0they had allowed to open just weeks before, threatening to set back new job gains. Based on speculation, there are some different ways exclusion from a potential second stimulus check could play out. Nobody qualifies: A stimulus package could be signed into law that gives tax credits and other incentives to businesses. It\'s possible some people could get a travel or dining credit, but not a check. People who make "too much" money: If another round of stimulus payments does pass, but allocations are smaller for IRS payments, it\'s probable there could be a lower maximum yearly income (AGI on the tax form) to qualify. In other words, people who make more than a certain amount (that\'s lower than the current cutoff of $99,000 for individuals) could potentially be left out of a second round. One example is the $40,000 cap mentioned above. Carryover exclusions from the current CARES Act: Young people between 18 and 24, people who aren\'t US citizens but pay taxes, people who are incarcerated. President Trump has expressed interest in a second round of checks in 2020. Let\'s review who was excluded in the first round: We won\'t know anything for sure until a stimulus bill comes into clearer focus, but we have a good idea\xc2\xa0when that might happen and when a check could be sent.\xc2\xa0"As soon as the Senate gets back [from its current break], we are going to sit down on a bipartisan basis with the Republicans and the Democrats," Treasury Secretary Steven Mnuchin\xc2\xa0told CNBC on July 9. He added that it will be a priority for the next legislation to be passed between July 20 and the end of the month. Legislators will have to work around several extended breaks when the Senate is not in session: a scheduled two-week recess until July 17 and its August recess, running from Aug. 10 to Sept. 7. For more, here\'s what we know about the major proposals for a second stimulus package. We also have information on unemployment insurance, what you can do if you\'ve lost your job and what to know about evictions. '<br><br><b>Author:Clifford Colby</b><br><b>Source:https://cnet.com/personal-finance/second-stimulus-check-could-you-qualify-for-another-irs-payment-what-we-know/</b>

AJAY KUMAR MAHATO

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Battling periods and access to menstrual hygiene in times of COVID-19

Battling periods and access to menstrual hygiene in times of COVID-19

Reena (name changed) a 14-year-old girl was coming back from her tuitions when her periods started. Her evening tutorial session usually got over very late, as the <br>didi<br> could only come to teach them at the community centre of their slum only after she got done with the office.<br><br>When Reena reached home at around 10 pm that night, she realised that she only had about two sanitary napkins left in her store. Her dates have never followed a specific pattern, and she had no idea that she would start bleeding that very day. <br><br>She hadn’t even asked <br>didi<br> to replenish her share of the monthly stock. She decided she would buy some napkins the next day to last her till <br>didi’s<br> next visit. It was a day before the lockdown was announced, March 23, 2020.<br><br><br>Historically, issues that impact the lives of women and adolescent girls have usually been on the ‘forgotten’ list in times of crisis. <br>When India entered a nationwide lockdown on March 24, 2020, to prevent the spread of COVID-19, sanitary napkins did not make it to the list of ‘essentials’ to be exempted from the restrictions.<br><br>The discussion around the access and availability of sanitary napkins has stayed as overlooked as the issue of menstrual health. By the time the product finally got included in the list of essentials on March 30, 2020, one whole week had gone by, and Reena had forgotten everything about what <br>didi <br>had taught her about safe periods. She was forced to use pieces of cloth available at home to manage the situation.<br><br><br>The latest National Family Health Survey (NFHS-4) reveals that, in India, about 58 percent of women (in the age group of 15-24 years) use a hygienic method of menstrual protection only. <br>The same data-set also highlights that only 48 percent of rural women use a hygienic method of menstrual protection.<br><br>What these numbers do not tell us is that menstrual hygiene is not just about getting access to menstrual supplies or functional toilets. <br><br><br>It is as much about the knowledge of menstruation, awareness to be able to tackle the taboo, and the fact that it is deeply interlinked with the dignity and empowerment of girls and women. <br><br>About 42 percent of girls and women (in the age group of 15-24 years) were already not using hygienic methods of menstrual protection, and the number would shoot up further due to various challenges posed by the lockdown. Here are a few.<br><br><br>Access to menstrual hygiene supplies<br><br>The lockdown has impacted the production and availability of sanitary napkins and other menstrual hygiene products. <br>Not only should these products be available in larger quantities at medical and other essential stores, but also in quarantine facilities.<br> Enough cannot be said about the requirement of napkins for health workers in the frontline, to help them continue their work without any obstructions. <br><br>Girls and women, who are from rural areas, urban slums, or are migrants returning home on foot, often rely on free or subsidised products from the government, NGOs, and CSR programmes. However, they have been left with no hygienic alternatives to take care of their menstrual health.<br><br>Affordability<br><br>Business has halted across the nation, and people working in the informal sector or as daily wage workers, have been worst hit economically. Low-income households mostly dependent on daily income and little savings, would undoubtedly prioritise food and water over anything else. <br><br>Menstrual hygiene products are not going to make it to their survival list, and neither can they be afforded, as the lack of supplies would affect the inflow of subsidised and free products as well.<br><br><br>Cleanliness<br><br>The one thing common between the prevention of COVID-19 and maintaining menstrual health is a focus on proper cleanliness. <br>A proper and clean toilet, washing, and disposal infrastructures are some of the key pillars of maintaining menstrual hygiene. <br>However, in slums, there are community toilets that lack regular cleaning due to the absence of sanitation workers, and also a safe disposal facility. <br><br>For ones living in rural areas, especially where water is scarce, even washing reusable cloth pads or cleaning themselves would get tougher as water would come at an additional cost. <br><br>Disposal of sanitary napkins and used cloth pads would be another challenge during the COVID-19 times, as poor waste management may add to contamination and spread of the disease.<br><br><br>Impact on reproductive health<br><br>The unavailability and limited supply of menstrual products are likely to create a forced need to adopt unhealthy practices like unclean cloth or old rags, which can be used over and over again. Lack of water and stigma around menstruation might hinder proper washing and drying of reusable menstrual supplies. <br><br>Along with the harmful effects of wearing menstrual products for a longer time, these factors are likely to put many at a heightened risk of getting Reproductive Tract Infections (RTIs).<br><br>Lesser means of information dissemination<br><br>For the rural population, the primary source of knowledge on maintaining menstrual health and hygiene are school teachers, Anganwadi workers, ASHA, ANMs, SHG workers, and NGOs. <br><br>However, with schools shut and restricted mobility of workers, information is unlikely to flow smoothly, and in turn, this might lead to the increased stigma around periods.<br><br>For over 40 years, <br>Child Rights and You (CRY)<br> has been working on children’s rights, including their right to good health. It works extensively on generating awareness around menstrual health and hygiene as an integral part of children’s health. <br><br>In a step towards reducing period stress during the nationwide lockdown, the child rights organisation partnered with Stayfree to reach and distribute menstrual hygiene supplies to over 12,000 girls and women in its intervention areas.<br><br><br>It is evident that over the last decade or so, the government and CSOs have taken a lead in transforming the discourse around menstrual health and hygiene.<br> Initiatives like the Menstrual Hygiene Scheme were introduced by The Ministry of Health and Family Welfare to promote menstrual hygiene among adolescent girls in the age group of 10-19 years in rural areas. <br><br>However, in these uncertain times, even such powerful initiatives are unable to penetrate remote corners of India to create the desired impact.<br><br>It is critical to address the existing challenges affecting menstrual health, while strategising ways and means that can swiftly reach and influence masses.<br><br><br>Having said that, the very first and most critical step in mitigating this concern must be the non-negotiable route of increasing the supply of sanitary napkins and other menstrual supplies — be it in shops, health, or quarantine facilities, and rural or urban regions. <br><br>Second, and equally important is sharing information via various channels, audio-visuals on social media or messaging platforms, through webinars, or media channels like radio and television.<br><br>Since accessibility, period stigma, and affordability seem to become the major barriers to proper menstrual hygiene practices, information on topics like making reusable sanitary cloth pads at home, protection against infections caused by prolonged usage, or unhygienic menstrual products, and safe practices for reusing and disposing of menstrual products, can go a long way to help maintain menstrual health and hygiene.<br><br>It is also essential to ensure that there are clean and separate toilets for girls and women, along with proper disposal means available in every corner of the country, especially, in quarantine, relief and transit camps, and health facilities during COVID-19 pandemic.<br><br><br>All in all, besides surviving through the pandemic, Indian girls and women have to fight another battle – to ensure access to menstrual health and hygiene.<br> Not that it’s a new battle, though, it’s an age-old struggle, which is likely to get only tougher during these uncertain times. The narrative around safe menstruation must be given due priority so that girls and women can weather the crisis with more confidence. <br> <br><br><br><br><b>Author:Puja Marwaha</b><br><b>Source:https://www.yourstory.com/socialstory/2020/07/battling-periods-access-menstrual-hygiene-covid-19</b>

Sourav Kumar

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Yes Bank Launches ' Loan In Seconds'

Yes Bank Launches ' Loan In Seconds'

The country's private sector lender Yes Bank has now introduced 'Loan in Seconds', a facility for instant disbursal for the bank's pre-approved liability customers. "This solution will help in availing instant financing without the need to visit a branch in person, fill an exhaustive form, or submit any documentation," the bank said in a statement.The customers who can avail the said offer will be sent a link for applying for the facility from the bank. "All that a customer needs to do is verify and accept the final offer, check the terms and authenticate the request for enabling instant money credit into their account," the lender added.Features of Loan In Seconds Of Yes BankThe pre-approved loan is credited within seconds in customer's accountLoan is processed in just few clicksNo documentation24/7 availability across desktop and mobile devices"This launch is a testament to bank's continued leadership in digital innovation and technology capabilities, aimed to offer customers a comprehensive range of retail products in a form and manner which is convenient, fast and easy to use." Rajan Pental, Global Head - Retail Banking, Yes bank, said.GoodReturns.insource: goodreturns.in<br><br><b>Author:Good Returns</b><br><b>Source:https://m.dailyhunt.in/news/india/english/good+returns-epaper-goreturn/yes+bank+launches+loan+in+seconds-newsid-n198448032</b>

MOHIT RANJAN

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Silver Prices Zoom To Record Highs Of Over Rs. 53000/Kg: Here's WhyHere's Why

Silver Prices Zoom To Record Highs Of Over Rs. 53000/Kg: Here's WhyHere's Why

Silver which until few weeks back was the second best performing metal amid the Covid 19 outbreak has now even surpassed gold in performance. On the MCX, silver for September contract jumped a huge 3.28% to close at Rs. 53048 per kg.What Has Been Pushing The Prices Of Silver Higher?Amid the pandemic there is an impact over the mining of silver and given the push in safe haven buying as well as buying for industrial purposes, price of silver in India has now scaled to highest in 7 years.Also, there has been an increasing use of silver in industrial processes including for solar chips, cables, renewable energy where its high demand has pushed its prices higher. As per estimates between now and the year 2030 as much as 888 million ounce of silver will be required.The other factor pushing silver's price are the market factors of demand and supplyThe supply of silver as per the Silver Institute is expected to be the lowest in 2020 since 2009 and this is at the global level. Also, the gains in gold also propels safe haven buying the white metal and also there is demand for industrial applications, which lends it support too.As per estimates, prices in the Indian market for silver could go to levels of Rs. 57000 in the second half of 2020 while international prices shall be at $20-$22 per ounce if the uncertainty continues to persist.GoodReturns.insource: goodreturns.in<br><br><b>Author:Good Returns</b><br><b>Source:https://m.dailyhunt.in/news/india/english/good+returns-epaper-goreturn/silver+prices+zoom+to+record+highs+of+over+rs+53000+kg+here+s+whyhere+s+why-newsid-n198448042</b>

AMAR KUMAR

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Zuellig Pharma appoints John Graham as new CEO

Zuellig Pharma appoints John Graham as new CEO

SINGAPORE, July 14, 2020 /PRNewswire/ -- Zuellig Pharma, a leading healthcare services provider in Asia, announces the appointment of John Graham as its new CEO. John will run the US$13 billion business and lead the team across 13 markets in Asia.He joined Zuellig Pharma in 2018 to oversee the development and growth of Zuellig Pharma's Commercial Solutions business, spearheading the growth of its marketing, sales, business development and regulatory services. He takes over the helm from former CEO John Davison who retired at the end of last month.John has over three decades of industry experience in biotech, pharmaceuticals, strategy consulting and healthcare investment banking across Europe , Asia , Latin America and the United States . He previously held various senior global leadership positions at Aventis, Genzyme and Ernst & Young, as well as the role of CEO at Menarini Asia-Pacific based in Singapore , where he established the company's Asia-Pacific commercial footprint."John brings with him a strong track record of strategic and operational leadership through the various global roles he has held. In his time with Zuellig Pharma, John has also driven unparalleled success in the Commercial Solutions business. We look forward to working closely with him to continue to transform the organisation and execute our exciting growth plans," said Patrick Davies, Chairman of Zuellig Pharma."Over the next few years, my goal is to transform Zuellig Pharma into a major integrated healthcare business that is indispensable to industry stakeholders and has a major impact on society. Together, we will continue to pursue our mission to make healthcare more accessible through providing world-class, innovative solutions to our partners and customers in distribution, commercial and digital technology," said John.John assumed his new role on 1 July this year and is based in Zuellig Pharma's headquarters in Singapore.About Zuellig PharmaZuellig Pharma is one of the largest healthcare services groups in Asia and our purpose is to make healthcare more accessible. We provide world-class distribution, commercial and digital services to support the growing healthcare needs in this region.The company started almost a hundred years ago and has grown to become a US$13 billion business covering 13 markets with 12,000 employees. We serve over 350,000 medical facilities and work with more than 500 clients, including the top 20 pharmaceutical companies in the world.More recently, we launched our Zuellig Health Solutions Innovation Centre to develop new services and address some pressing healthcare needs in Asia. Since then, our teams have been focused on creating data, digital and disease management solutions, supporting patients with chronic conditions and helping payors manage healthcare costs.Photo - https://photos.prnasia.com/prnh/20200713/2855812-1<br><br><b>Author:PR NewsWire</b><br><b>Source:https://m.dailyhunt.in/news/india/english/pr+newswire-epaper-prnswe/zuellig+pharma+appoints+john+graham+as+new+ceo-newsid-n198448064</b>

Rahul Kumar Yadav

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2021 Ford Bronco release date: When you'll be able to buy one

2021 Ford Bronco release date: When you'll be able to buy one

b"Two-door or four-door? The 2021 Ford Bronco and Bronco Sport finally greeted the world on Monday and, suffice it to say, we like what we see. The SUVs aren't officially on sale just yet -- they'll be available in spring 2021 -- but thankfully, you can reserve one right now. Alongside the SUVs' debut, Ford launched an online reservation site where you can put down a refundable $100 deposit toward the Bronco or Bronco Sport of your choice. Head over to our how-to story to read how it all works. If you'd prefer to wait until spring, the two-door 2021 Bronco will cost $29,995 to start, including a $1,495 destination charge. If you'd rather go for the four-door, that'll be $34,695, once again including the destination fee. Buyers can choose between two turbocharged engines and even get a seven-speed manual transmission, with standard four-wheel drive. The Bronco Sport, on the other hand, is a more approachable crossover for folks who don't need hardcore off-road capability. It costs $28,155 including $1,495 for destination and again comes with turbo power and standard all-wheel drive."<br><br><b>Author:Steven Ewing</b><br><b>Source:https://cnet.com/roadshow/news/2021-ford-bronco-release-date-when-you-can-buy/</b>

Manoj Oraon

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How this Pune-based handcrafted saree startup grew from Rs 30 lakh to Rs 12 Cr in 3 years

How this Pune-based handcrafted saree startup grew from Rs 30 lakh to Rs 12 Cr in 3 years

Started with an investment of Rs 3 lakh to promote skilled artisans and weavers from corners of India, handcrafted saree brand <br>Karagiri<br> has, for the financial year 2019, achieved a growth revenue of Rs 12 crore, 400 times the initial invested amount. <br><br>The startup had generated Rs 30 lakh and Rs 75 lakh in revenues in the fiscal year 2017 and 2018, respectively.<br><br>Over the years, the <br>Pune-based brand has expanded its product range from 40 SKUs in 2017 to 10,000 SKUs <br>as of today to provide a complete range of exclusive sarees. <br><br><br>“To achieve this kind of growth, I travelled to a number of places to find the best weavers of India and connected these amazing “magicians” to saree lovers. We started with five weavers in Maharashtra, and now we have over 1,500 weavers across India. We paid a great deal of attention to the product quality, unique designs, and customer experience. Our repeat purchase rate is 32 percent, which says a lot,” says Pallavi Mohadikar Patwari, Co-founder, Karagiri.<br><br>The startup claims <br>to has served around 20,000 orders in 2019, with an average order value of Rs 5,900<br>. <br><br><br><br>“We have sold around 50,000 units in the financial year of 2019. <br>We have shipped to 11 countries till date,<br> and our main target market is the US and Dubai. <br>Around 40 percent of our orders are international orders<br>,” adds 31-year-old Pallavi.<br><br>Apart from selling on its website, <br>Karagiri has an exclusive retail showroom in the Koregaon Park area in Pune that contributes to around 15 percent of the total revenue generated<br>. The firm caters to customers across 11 countries including India, the US, the UK, Dubai, Australia, Singapore, Canada, UAE, Malaysia, and the Netherlands, among others.<br><br>The journey<br><br>Speaking about both her inspiration to start Karagiri and her experience in scaling the brand, Pallavi says:<br><br><br>“My grandfather was a weaver of Tussar (Kosa) silk sarees, so the perception of high-quality sarees was ingrained in my genes. Since my family was not very well off, it was difficult for them to take care of my expenses when I joined IIM-Lucknow. So, along with my studies, I started sourcing chikankari sarees (Lucknow special hand embroidery) and selling them on eBay to take care of my day-to-day as well as education expenses. This experience jump-started my journey as an entrepreneur.”<br><br>Pallavi worked with companies like <br>TATA <br>and <br>Goldman Sachs<br> before starting up. <br><br>Initially, there was a lot of scepticism regarding her choice to quit a well-paying job at an investment bank to start up, from both friends and family. <br><br>“I decided to take a leap of faith and started working as a marketing consultant and helped them take their brands to a level they never dreamed of before. After a few years of gaining experience, I was confident enough to invest my hard-earned money in my own business,” she adds.<br><br><br>“We are building a growing community of women who love Indian culture, traditions and fashion,” says Pallavi.<br><br>Her husband, <br>Dr Amol Patwari,<br> who is the Co-founder, is an orthopaedic surgeon. <br><br><br>Looking forward<br><br>Launched in <br>July 2017<br> by husband-wife duo Dr Amol Patwari and Pallavi Mohadikar Patwari, Karagiri is focussing on both revenue and marketing growth in domestic as well as international markets. <br>The startup is planning to deliver around one lakh orders this year <br>in spite of the pandemic and the unprecedented situation following the lockdown.<br><br><br>“Every day, we onboard new weavers and are planning to create a family of 5,000 weavers by the end of this year to provide a wide collection of exclusive and one- of- its- kind sarees to our customers,” Pallavi says.<br><br>“<br>We are also on track to generate a revenue of Rs 20 crore for the current financial year, Rs 50 crore in the year 2021 and Rs 150 crore in the year 2022<br>,” she adds.<br><br>Karagiri will also be a clothing range for men at a new showroom to be inaugurated this month.<br><br>Challenges and growth factor<br><br>Like most startups, Karagiri had its own set of challenges.<br><br>Pallavi explains, “Most of the challenges we faced during the initial phase was on the operations side, where both of us ended up doing everything from marketing, packaging sarees, and shipping them to attending all customer queries from our living room. Another challenge was to reach out to the weavers who were based in remote rural areas of India, which meant ensuring timely delivery was a big challenge.”<br><br><br>Since the ethnic wear segment is a customer-oriented industry, Karagiri, according to Pallavi, focusses only on the needs of the customer and works out immediate actions based on every feedback from the customer to make the user experience better than before. <br><br>“It is all topped up with great product quality and exclusive designs, which distinguishes us from other players in the market. Presently, we cater to customers from 11 countries and our client list also includes many celebrities. The royal family of Malaysia is also a Karagiri customer and the Tunku Soraya admires our sarees so much that when she was visiting India, she made a point to meet me personally,” says Pallavi. <br><br><br>Karagiri, which currently hosts around 25 different saree specialities from different parts of India, aims to be a one-stop platform for saree shopping.<br><br><br><br><b>Author:Sujata Sangwan</b><br><b>Source:https://www.yourstory.com/herstory/2020/07/pune-handcrafted-saree-startup-karagiri</b>

Goutam Kumar

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PPSC Recruitment 2020: Apply Online for 50 Sub Divisional Engineer Posts

PPSC Recruitment 2020: Apply Online for 50 Sub Divisional Engineer Posts

Punjab Public Service Commission (PPSC) Job Notification: Punjab Public Service Commission (PPSC) has invited applications for the Sub Divisional Engineer posts. Eligible and interested persons can apply for Punjab Public Service Commission (PPSC) Recruitment 2020 through the prescribed application format on or before 31 July 2020.PPSC Recruitment 2020 notification regarding filling of Sub Divisional Engineer Job Vacancies. The PSC organization invites online application from eligible persons having Engg Graduate, 10th qualifications. These 50 Sub Divisional Engineer Posts are in Department of Water Supply and Sanitation, Punjab.Important Date:Punjab Public Service Commission (PPSC) Sub Divisional Engineer Vacancy DetailsEligibility Criteria for Sub Divisional Engineer JobEducational Qualification and Age Limit:Official Notification Download HereClick HereOnline Application LinkClick HereOfficial Website LinkClick HereDownload our Sarkari Naukri app from Play StoreHow to ApplyEligible and interested persons can apply for Punjab Public Service Commission (PPSC) Recruitment 2020 through the prescribed application format on or before 31 July 2020. Persons must refer to "General Information For the Persons" available on PPSC official website, particularly Para-11 before filling the application form. The persons can ONLY apply by filling Online Application Form, a link of which is available on the official website of Punjab Public Service Commission http://ppsc.gov.in.Also Read Latest Employment News Articles<br><br><b>Author:Jagran josh</b><br><b>Source:https://m.dailyhunt.in/news/india/english/jagran+josh-epaper-jajoshen/ppsc+recruitment+2020+apply+online+for+50+sub+divisional+engineer+posts-newsid-n198443754</b>

Md Ehtesham

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PGIMS Rohtak Recruitment 2020: Apply for 27 Non-teaching Group-A, B and C Posts

PGIMS Rohtak Recruitment 2020: Apply for 27 Non-teaching Group-A, B and C Posts

PGIMS Rohtak Job Notification: PGIMS Rohtak-Pandit Bhagwat Dayal Sharma Post Graduate Institute of Medical Sciences, Rohtak has invited applications for the Non-teaching Group-A, B and C posts. Interested persons can apply for PGIMS Rohtak-Pandit Bhagwat Dayal Sharma Post Graduate Institute of Medical Sciences, Rohtak Recruitment 2020 through the given format on or before 05 August 2020.PGIMS Rohtak Recruitment 2020 to fill in 27 vacant posts. The Education organization invites applications for 27 Non-teaching Group-A, B and C posts from eligible persons having CA, Post Graduate, 10th, 12th qualifications. <br> These postss are in PGIMS Rohtak - Pandit Bhagwat Dayal Sharma Post Graduate Institute of Medical Sciences, Rohtak, Haryana.Important Date:PGIMS Rohtak Non-teaching Group-A, B and C Vacancy DetailsEligibility Criteria for Non-teaching Group-A, B and C JobEducational Qualification:(ii) Five (05) years adm. Exp. as Assistant Registrar or in an equivalent post in a Government Institute/University recognized by the UGC/Medical College recognized by Medical Council of India (MCI) OR Nine (09) years of exp. as an Asstt. Prof. in the Grade Pay of Rs. 6000 & above m a college/university with experience in education administration. Comparable experience m research establishment and/or other Institution of Higher Education.(iii) Computer Knowledge minimum 03 months course from a recognized Institution.(ii) 05 Years exp. of working in Finance and Accounts Department in a Government/Public Sector organization.(iii) Computer knowledge. Minimum 03 months course from a recognized institution.(ii) Five (05) years of adm. Exp. as a Superintendent from a Government Institute/University recognized by the UGC/Medical College recognized by Medical Council of India (MCI).(iii) Computer knowledge. Minimum three months course from a recognized Institution.(ii) Three (03) years exp. in Photography in recognized Government/Public/Private Organization or Agency.(iii) Knowledge of Hindi/Sanskrit upto Matric standard.Official Notification Download HereClick HereOfficial Website LinkClick HereDownload our Sarkari Naukri app from Play StoreHow to ApplyInterested persons can apply for PGIMS Rohtak-Pandit Bhagwat Dayal Sharma Post Graduate Institute of Medical Sciences, Rohtak Recruitment 2020 through the given format on or before 05 August 2020.Also Read Latest Employment News Articles<br><br><b>Author:Jagran josh</b><br><b>Source:https://m.dailyhunt.in/news/india/english/jagran+josh-epaper-jajoshen/pgims+rohtak+recruitment+2020+apply+for+27+non+teaching+group+a+b+and+c+posts-newsid-n198443756</b>

Ashish Acharya

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