January 26, 2021
Opened Either In Fictitious Names
The CBI on Sunday conducted searches at 10 locations in the National Capital Region (NCR) in connection with its investigations into the Rs 6,000-crore suspicious remittances case at a Bank of Baroda. The CBI on Sunday conducted searches at 10 locations in the National Capital Region (NCR) in connection with its investigations into the Rs 6,000-crore suspicious remittances case at a Bank of Baroda (BoB) branch in Delhi.
Sources further said that about Rs 40 lakh in cash, rubber stamps of around 44 different companies, 15 PAN cards and various documents were China silicone rubber Manufacturers recovered during the searches along with pen drives and hard drives. "It was alleged that 59 current account holders and unknown bank officials conspired to send overseas remittances,†said a source.. "In addition, currencies of China, the US, Europe, UAE, Nigeria, Hong Kong and Sri Lanka were also found. The CBI had registered a case against 59 current account holders and unknown bank officials and private persons on a complaint from Bank of Baroda.
The documents are being scrutinised,†they said. "It was found during the investigation that around 8,500 foreign remittance transactions were made from 59 bank accounts (approximately) of various firms/companies against import of goods and software from Hong Kong and Dubai. The investigation revealed further involvement of around 11 private persons/entities,†sources said. "Accounts were allegedly opened either in fictitious names or in the names of persons who were employed in different companies. Sources in the CBI said searches were conducted at the offices and residential premises of certain suspects. Forged and fake papers like PAN cards and voter IDs were allegedly used for opening the accounts in fictitious names,†sources said
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January 20, 2021
The Highest Score Was An Innings
Refusing to blame the pitch for India’s slipshod batting performance on the opening day, coach Sanjay Bangar said the hosts paid for a few errors of judgement on a challenging and "result-oriented wic Refusing to blame the pitch for India’s slipshod batting performance on the opening day, coach Sanjay Bangar said the hosts paid for a few errors of judgement on a challenging and "result-oriented wicket†for the third cricket Test against South Africa here on Wednesday.
India were shot out for 215 with the spin-pace combo of Simon Harmer (4/7
and Morne Morkel (3/35) being the wreckers-in-chief. In reply, South Africa were also in spot of bother, reduced to 11/2 at stumps. "It’s definitely a result-oriented wicket which is equally challenging for both sides. Whichever side adjusts to it (better) will end up with a chance of winning the game,†said Bangar at the end of Day One in the penultimate game of the four-match rubber. Though the Indian batting effort lasted just 78.2 overs, and the highest score was an innings of 40 from in-form opener Murali Vijay, Bangar said all his batsmen applied themselves to the hard task. "All our batsmen applied themselves well. But when the wicket is slightly challenging there are likely to be errors in judgement.
and Morne Morkel (3/35) being the wreckers-in-chief. In reply, South Africa were also in spot of bother, reduced to 11/2 at stumps. "It’s definitely a result-oriented wicket which is equally challenging for both sides. Whichever side adjusts to it (better) will end up with a chance of winning the game,†said Bangar at the end of Day One in the penultimate game of the four-match rubber. Though the Indian batting effort lasted just 78.2 overs, and the highest score was an innings of 40 from in-form opener Murali Vijay, Bangar said all his batsmen applied themselves to the hard task. "All our batsmen applied themselves well. But when the wicket is slightly challenging there are likely to be errors in judgement. It’s all part of the game.†India, leading the series 1-0, hit back after being bowled out cheaply, by dismissing two visiting team’s batsmen with only 4 runs on the board and there’s every likelihood of the game not lasting even four days, let alone five. He further said in defence of the hosts’ tactics in the series that teams visiting the Indian sub-continent should expect such conditions. "When India travel overseas, ball starts seaming from the first over. "It’s the same for teams coming to subcontinent. "Wickets are same for both sides; it is rubber seal strip Suppliers a test of skills. Just as skill against the seaming ball is important, skill against the spinning ball is also equally important.â€
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January 14, 2021
Free Cloud Storage Services
Called the blurams Snowman and Home Lite they are priced at Rs 4,499 and Rs 2,499, respectively, and will retail on Amazon. The security cameras work with Alexa & Google Assistant and offer two-way audio, listen and talk back through the camera from a smartphone.For night vision, blurams Snowman and Home Lite security cameras come with 8-meter range with 8pcs IR-LEDs & 7-meter range with 6pcs IR-LEDs respectively. Kun CAI, blurams said "We have realized that in India, the use of security cameras inside the homes as opposed to keeping an eye on who is on the outside is something of a new practice and is getting accepted by a large section of society.
We are designing a home security camera that is made to last, made to protect and made for simplicity, combining seamless designs with functionalities that users want, at a price point that is attainable for every consumer", he further added. Looking at the current scenario, we have launched our Silicone Rubber O-Rings Suppliers new range- Snowman and Home lite, which are compact, easy to use and do not require reams of cable, or a bank of screens, or a huge hard drive for recording video.in.Other features include distortion correction, 3D Noise Reduction, Motion / Sound and Facial Recognition, 2-way audio, built-in microphone & speaker, up to 128GB microSD cards, 24 hours free cloud storage services for the lifetimeCommenting on the same, Mr. The users can view 4 cameras on one screen via their Android / iOS phones and Web app even when miles away. The blurams Snowman and Home Lite come with 1080P and 720P resolution respectively.--Press Release--.
The security cameras work with Alexa & Google Assistant and offer two-way audio, listen and talk back through the camera from a smartphone blurams, a leading provider of advanced, intelligent imaging technologies, products, services, and platforms announced the launch of its new range- blurams Snowman and Home Lite.""blurams believes in creating innovative products that are about making life simple for everyone. Priced at Rs 4,499 and Rs 2,499 respectively, the newly launched products will be available for purchase on Amazon.The blurams Snowman and Home lite allow the user to monitor their loved ones with the help of a built-in Bluetooth chip. The products also provide optional 24/7 Continuous Video Recording feature to its users which helps in ensuring safety of their family members
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January 12, 2021
Because Of Multiple Expected Synergies
Tata Global Beverages currently reaches out to 110 million households. Analysts feel Tata will follow both organic and inorganic routes to expand its product portfolio with new categories. Tata Consumer Products will become a platform for the salt-to-software conglomerate’s aggressive aspirations in the FMCG business. Once wholesale Auto Door Rubber Seals the new entity consolidates its brands and integrates distribution, it will be seen entering high-growth, high-margin categories in the consumer business.
The combined entity has a total revenue of Rs 9,099 crore as of FY19, Ebitda of Rs 1,154 crore, Ebitda margin of 12.7 per cent and net profit of Rs 612 crore. "Without assuming any revenue or cost synergies, the transaction would be earnings per share-neutral for Tata Global Beverages in the first year and accretive to the extent of 6 per cent by FY2023,†finds Kotak Institutional Equities.Motilal Oswal Securities believes that the consumer business is a re-rating candidate because of multiple expected synergies, including higher outlet coverage, focused new product development, stronger cash flow generation and scale efficiencies.The deal itself has increased the distribution footprint of the new entity by 30 per cent compared to that of Tata Global Beverages. The products will be present in 2.5 million retail outlets and 5,000 stockists and distributors. It will have a rural presence in 80,000 villages with two lakh outlets and will be able to reach out to 200 million households.
Tata Global Beverages currently reaches out to 110 million households. Integration of distribution channels would be one of the initial tasks for the new entity. Combined distribution will deepen the reach of each product and add to their sales.Consolidation of brands will be another major task. Salt, Tea and Coffee are currently the three major categories of Tata Consumer Products. Tea accounts for 57 per cent of the sales, salt 18 per cent and coffee 13 per cent. Emerging segments like pulses, spices, ready-to-eat mixed and other nutrition products account for the remaining 12 per cent sales and these were promoted aggressively in the past few years through modern trade and e-commerce channels.
Kotak Securities expects that Tata will retain leadership in tea and innovate in salt, continue to ramp up Tata Starbucks and improve distribution of Himalayan brand of packaged drinking water.Post-consolidation of the existing brands, it will look into newer categories like dairy, personal care and home care. The group has been in talks with Prabhat Dairy earlier and reports suggest that it is still pursuing the Rs 1 lakh crore organised dairy market.It had recently made a pilot launch of Tata DX detergent in West Bengal, re-entering into the homecare segment. Brands like Hamam, Moti, 501 and OK were once owned by erstwhile Tata Oil Mills. Analysts feel Tata will follow both organic and inorganic routes to expand its product portfolio with new categories.
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January 07, 2021
Threatening Their Own Reprisals
The tariffs may just be the first shot in a ballooning war, as Trump has warned that he could ratchet up the measures to include USD 450 billion in goods -- the vast majority of all of China Silicone Rubber O-Rings Manufacturers exports to the United States. The US-China spat is one of several trade fights picked by the protectionist President Donald Trump as his "America First" agenda clashes with free-trade relations with traditional allies.However, signs of a possible thaw emerged on July 5 when the US ambassador in Berlin told bosses at Germanys biggest car firms that Washington was calling on the EU to bring tariffs to zero on car imports -- in exchange for equal treatment.
The complex web of commercial ties under threat has raised prospect of global trade war, sending financial markets tumbling.From blue jeans to motorbikes and whiskey, the EUs hit-list of products targeted the most emblematic of American exports.Here is a summary of Trumps trade conflicts:ChinaAfter weeks of apparently fruitless negotiations, the US imposed tariffs on approximately USD 34 billion of Chinese products, sparking an immediate response from Beijing, which said it would hit back but did not provide details.Already a second tranche of tariffs on USD 16 billion in products is under review and could soon be added to the US measures.
The complex web of commercial ties under threat has raised the prospect of a global trade war, sending financial markets tumbling.Trump and Canadian Prime Minister Justin Trudeau traded barbs over the steel tariffs at a farcical summit of the G7 richest countries that ended on June 9.Trump has said the European Union is "possibly almost as bad as China" when it comes to trade, as a raft of retaliatory tariffs from Brussels came into effect on June 22.Canada and MexicoCanada and Mexico, both members with the US of the North American Free Trade Agreement, have not been spared the Washington offensive on steel and aluminium, and are threatening their own reprisals.The US-China spat is one of several trade fights picked by the protectionist President Donald Trump as his "America First" agenda clashes with free-trade relations with traditional allies. The United States launched what China called the "largest trade war in economic history" between the worlds top two economies Friday, imposing tariffs on goods worth around USD 34 billion annually..
Europe is also worried Washington will follow up on a threat to impose punitive levies on imported cars, something the powerful German car industry particularly fears.The US tariffs target a wide range of Chinese goods-- including aircraft parts and computer hard drives-- that Washington says have benefited from unfair trade practices.Chinas retaliatory measures were expected to hit back largely at agricultural products designed to hurt Trump supporters.European UnionOn June 1, Trump made good on several months of threats and imposed tariffs of 25 percent on steel imports from the EU, along with 10 percent on aluminium imports.Meanwhile talks among the three NAFTA signatories, launched after Trump demanded an overhaul of the "terrible deal", have snagged notably owing to US demands to increase American content installed in duty-free autos
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January 04, 2021
Come From Existing And New Portfolio
The India Meteorological Department has predicted an average monsoon this year, which has already hit the Indian coast. Timely monsoon will bring demand stability and spur growth this year, while the fast growing e-commerce channel will provide good opportunities in the future, said Nestle India CMD Suresh Narayanan. wholesale Auto Door Rubber Seals Timely monsoon will bring demand stability and spur growth this year, while the fast growing e-commerce channel will provide good opportunities in the future, said Nestle India CMD Suresh Narayanan."The monsoon at least this year, seems to be on time. We are an agro-based economy by large, and to that extent, it augurs well...We look forward to stability of demand and hopefully better growth," Narayanan told PTI.
The India Meteorological Department (IMD) has predicted an average monsoon this year, which has already hit the Indian coast. While, referring to the recent big ticket investments in e-commerce space, he said this channel would improve and grow further in coming years."We welcome the opening of newer channels... Together with the strengthening of backward linkages into the agrarian economy, we should see improvement in the over all pace of business and also the contribution to the business," Narayanan said.Nestle India, which has crossed Rs 10,000 crore sales in 2017, would continue to pursue its growth here with expansion of product portfolio, he added."Growth would come from existing and new portfolio," he said. The company, which had suffered setback after a five-month ban on its popular instant noodles Maggi in 2015, has introduced several new products in food and chocolates and confectioneries categories. It has also pulled back some of them after evaluation."It's an ongoing programme, we are consistently trying to evaluate our products and I am happy to say about a fifth of our growth is coming from new products," he added.
On upcoming products, he said that Nestle has already announced the launch of breakfast cereals, which would be a significant move."Now we have secular growth across categories and that is something we would like to continue," he added. Maggi now has around 60 per cent market share of the instant noodles segment."We are at little over 60 per cent of the market share and I think we have got a healthy traction of the business. New innovations have seen good responses and I am happy with the progress which has been made with so far," Narayanan added.Maggi commanded a market share of around 75 per cent prior to the five-month ban in 2015. On being asked whether Nestle would be able to cross that figure in the future, he said, ambition is always there and we are trying to get as close as possible to where we were."
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