Aditya Birla Health Insurance launches #JumpForHealth

Aditya Birla Health Insurance

New Delhi [India], Apr 8 : Aditya Birla Health Insurance Company Ltd. (ABHICL) launched a unique campaign '#JumpForHealth' on the occasion of World Health Day to reinforce its belief in empowering people to live a healthy lifestyle.

Through the JumpForHealth initiative, Aditya Birla Health Insurance is creating a movement that will get people up and on their feet through the power of jumping.

The month long campaign, starting from April 07, 2017, aims to donate one prosthetic leg to a person in need for every 10,000 jumps in association with the Sadhu Vaswani Foundation. A total of 100 prosthetic legs will be donated to people in need on achieving one million jumps.

Global tea production trends, favorable demand prospects likely to lead to an upward price trajectory in CY2017: ICRA

Global tea production trends, favorable demand prospects likely to lead to an up

New Delhi [India], Apr 8 : In the current year, tea realizations are expected to remain buoyant following higher demand for tea, particularly given the expected supply side issues in both Sri Lanka and Kenya.

However, buying patterns across tea segments, which had witnessed a considerable change in CY2016, will remain a key determinant of the overall price trajectory in the current year as well.

Despite the buoyancy in prices though, continuing cost pressures, with the increase in wage rates, are likely to keep the margins and debt coverage indicators of bulk tea producers under check. Nonetheless, the capital structure of large companies in the sector is expected to remain favorable.

What lies beneath the surface? Here is the answer

What lies beneath the surface? Here is the answer

Washington D.C [USA], Apr. 8 : Walking down a grassy field, have you ever wondered that what lies beneath the surface?

We finally have an answer to that question.

A web of plant roots interacts symbiotically with arbuscular mycorrhizal (AM) fungi that extend their hyphae from the root system further into the earth, accessing nutrients such as phosphates to give to the plant in return for carbohydrates.

The study was published in journal Current Biology.

Taking a much closer look inside root cortical cells, we will find dynamic, branching fungal structures called arbuscules where the two organisms can exchange their goods.

Ola launches 'Ola Baasha Mela' in Chennai

Ola launches 'Ola Baasha Mela' in Chennai

New Delhi [India], Apr 7 : Taxi aggregator Ola on Friday announced organizing of India's first ever and largest Auto Driver Partners' Mela - 'Ola Baasha Mela' in Chennai from April 8th to 10th April 2017.

Ola has put together a three-day event that will introduce the city's potential Auto Driver Partners to Ola's platform, and give them the opportunity to purchase auto rickshaws at subsidized rates as well as avail several benefits such as free vehicle insurance, and garage services.

The first ever Mela will give many existing auto rickshaw Driver Partners the opportunity to become micro-entrepreneurs by adding autos to their fleet at a lower cost, and with a plethora of benefits. The same subsidies and benefits will also be extended to the new Driver Partners at the Mela.

Jugnoo Delivery successfully completes 4000 orders per day

Jugnoo Delivery successfully completes 4000 orders per day

New Delhi [India], Apr. 7 : Auto rickshaw aggregator Jugnoo registered phenomenal growth for its B2B delivery vertical- Jugnoo Delivery. Catering to 4000 orders per day from 2000 delivery orders in November 2016, Jugnoo Delivery has managed to proliferate in Tier I, Tier II and Tier III markets.

Jugnoo Delivery successfully serviced everything between industry bigwigs to the local merchants and restaurants in some of the top cities of the country. With 600 daily active merchants and 1500 weekly active merchants, the local merchants and restaurants have instigated major growth in Jugnoo's delivery segment.

World Health Day: Let's talk about depression

World Health Day: Let's talk about depression

New Delhi [India] Apr. 7 : The first mistake that we make is not listening, we don't read between the lines, we turn a blind eye to the details. If only we listened, if only we said "let's talk", things would be so different.

Satish Kannan, the CEO and founder of DocsApp says that with the changing lifestyle, the run to get to the top of the ladder, the pressure to fit in, the fear of losing out and the dance with deadlines, we are losing ourselves. We end up feeling like lab rats at the end of the rat race; if we manage to survive till the end. The blues, anxiety, panic attacks, depression, burnout.

SaleBhai launches international delivery of products, to cater to 195 countries

SaleBhai launches international delivery of products, to cater to 195 countries

New Delhi [India], Apr 7 : SaleBhai.com, an e-commerce marketplace that caters specifically to the Indian diaspora in India and abroad has announced the launch of international delivery of all products exclusively available on its platform.

The service will be available for both the Indian diaspora community and foreign nationals, giving them a chance to experience authentic Indian food products.

The international delivery service will allows consumers to easily find regional products sourced directly from Indian vendors across the country. It will be available across 195 countries, with special focus on the U.S., West and South Africa, Middle East, Australia, and the U.K.

Hindustan Power contributes 10 pct of Bihar's installed solar capacity

Hindustan Power contributes 10 pct of Bihar's installed solar capacity

New Delhi [India], Apr 7 : The clean energy arm of Hindustan Power commissioned a 10 MW solar plant at Shergati, Gaya in Bihar to power the cumulative solar capacity in Bihar to ~ 100 MWs.

The plant commissioned at an investment of Rs. 81 crore is spread over 56 acres of land using 34920 modules has been generating 45000 units of clean energy per day, since its commissioning in November 2016.

The PPA for the 10 MW project has been signed with Bihar State Power Holding Corporation Ltd. and the power is evacuated to 33 kV Sherghati Substation.

CBDT signifies achievements towards eliminating domestic Black Money

CBDT signifies achievements towards eliminating domestic Black Money

New Delhi [India], Apr 7 : The Central Board of Direct Taxes on Friday signified the concerted and coordinated actions of Law Enforcement Agencies (LEAs) under the Department of Revenue who have achieved phenomenal success in fighting the menace of black money during the last three years.

Uflex, Fiinovation to roll out natural resource conservation initiatives in Bhind

Uflex, Fiinovation to roll out natural resource conservation initiatives in Bhin

New Delhi [India], Apr.7 : Surging ahead in its endeavor towards creating sustainable ecosystem, India's largest multinational flexible packaging materials and solution company Uflex Limited has extended its existing partnership with Fiinovation (a global CSR consulting company) for natural resource conservation and optimization initiatives in Bhind District of Madhya Pradesh.

RBI holds repo rate but hikes reverse repo at 6 percent; projects inflation at 4.5 pct

RBI holds repo rate but hikes reverse repo at 6 percent; projects inflation at 4

New Delhi [India], Apr 6 : The Reserve Bank of India (RBI) on Thursday kept its repo rate unchanged at 6.25 percent, but made changes in the reverse repo rate at 6 percent after all the six members of the monetary policy committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, voted in favour of the decision.

"For 2017-18, inflation is projected to average 4.5 percent in the first half of the year and 5 percent in the second half," said Reserve Bank of India (RBI) Governor Urjit Patel.

He said that the MPC believes that the inflation developments have to be closely and continuously monitored, with food price pressures kept in check so that inflation expectations can be re-anchored.

Patel further added that there is scope for transmission of rates.

Snapdeal, Government of Andhra and University of California tie-up for 'Smart Village Project'

Snapdeal, Government of Andhra and University of California tie-up for 'Smart Vi

New Delhi [India], Apr 6 : India's largest online marketplace Snapdeal on Thursday announced a partnership with University of California, Berkeley for the Andhra Pradesh government's Smart Village Project.

With the objective of discovering economical and infrastructural barriers faced by artisans in these villages, UC Berkeley and Snapdeal are aiming to create viable solutions through digitization and new-age services.

Under the partnership, Snapdeal will provide local handloom weavers, direct market access to buyers across the country, through its platform.

Products crafted by these artisans and associations will be curated and listed on a special page on Snapdeal. The company has currently on-boarded the handloom association of Meri Podu village as a seller.

Google Launches Google Play Music Subscription in India

Google Launches Google Play Music Subscription in India

New Delhi [India], Apr 6 : Google India has announced the launch of Google Play Music subscription in India, offering music lovers a fresh take on streaming that is smarter, easier and uses little data.

Google Play Music is available across Android, iOS and the web in India. Sign up now and get a free trial on Android, iOS or the web.

As an introductory offer, it is available for a discounted subscription offer of Rs. 89 per month if you sign up within the first 45 days.

RBI to announce fiscal's first bi-monthly monetary policy today

RBI to announce fiscal's first bi-monthly monetary policy today

New Delhi [India], Apr.6 : Reserve Bank of India (RBI) Governor Urjit Patel, along with the Monetary Policy Committee (MPC), will announce their first bi-monthly monetary policy of the current financial year today.

In its last policy review of the previous fiscal in February, the RBI kept its key policy rate or the repo rate unchanged at 6.25 percent for the second time in a row with marginal standing facility rate, reverse repo rate and the bank rate unchanged.

In October, Urjit Patel's first policy review as the RBI Governor, which was also the maiden review of the MPC, the repo rate was reduced by 0.25 percent to 6.25 percent.

Since then, the repo rate has been retained at 6.25 percent. However, since January 2015 the RBI has cut repo by 1.75 percent.

Madhabi Puri Buch joins SEBI as Whole Time Member

Madhabi Puri Buch joins SEBI as Whole Time Member

Mumbai (Maharashtra) [India], Apr. 6 : Madhabi Puri Buch took charge as Whole Time Member of Securities and Exchange Board of India ( SEBI) in Mumbai on Wednesday for a tenure of three years or until further orders.

Buch will handle the Market Regulation Department, Market Intermediaries Regulation and Supervision Department, Integrated Surveillance Department, Department of Economic and Policy Analysis, Office of Investor Assistance and Education, National Institute of Securities Markets and Information Technology Department.

Prior to joining, Buch served as the Consultant to the New Development Bank in Shanghai and as the Head of the Singapore office of the Private Equity Firm, Greater Pacific Capital.

Commodity Trading Tips for Cotton by Kedia Commodity

Commodity Trading Tips for Cotton by Kedia Commodity

Cotton on MCX settled down -1.13% at 20960 on profit booking after prices gained on reports of higher local consumption and export demand amid lower output in southern Indian region. Domestic consumption of the fibre is expected to climb to 29.5 million bales compared to 29 million bales in the previous year, Cotton Association of India (CAI) said. China is expected to increase import of premium quality fibre from India for blending as quality of auctioned cotton is poor. China is expected to increase import of premium quality fibre from India for blending as quality of auctioned cotton is poor.

Commodity Trading Tips for Cardamom by Kedia Commodity

Commodity Trading Tips for Cardamom by Kedia Commodity

Rmseed on NCDEX settled up 0.73% at 3982 on speculation of crop damages in domestic market. India is expected to produce around 6.5-7 million tonnes (mt) of rape mustard seeds in 2016-17 as compared to 5.8 mt produced in 2015-16 due to higher acreage and improving productivity. The carry-forward stock from the previous season was around 0.15 mt. The Ministry of Agriculture expects 8.5 mt of mustard seeds to be produced in the current rabi season against 6.8 mt a year ago, as per its 4th advanced estimates. Higher price levels seen before sowing, favourable weather and a hike of over 10.4 per cent in MSP to Rs. 3,700/Q (including Rs. 100 bonus) explain the increase in acreage by over 9 per cent to 7.05 million hectares.

Commodity Trading Tips for Turmeric by Kedia Commodity

Commodity Trading Tips for Turmeric by Kedia Commodity

Turmeric prices ended with gains on rising exports demand at the spot market. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Prevailing high prices encouraged farmers to plant more turmeric this year. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. The turmeric arrivals in the country is on higher side during second half of March to 79,534 tonnes compared to 63,965 tonnes during last month same period, as per the data.

Commodity Trading Tips for Maize by Kedia Commodity

Commodity Trading Tips for Maize by Kedia Commodity

Maize on NCDEX settled up 1.83% at 1443 tracking firmness in spot demand and overseas prices. Corn plantings were reduced by 4 percent to 90 million acres, slightly below market expectations. Corn stocks as of March 1 were a record 8.616 billion bushels, topping the 8.248 billion bushels reported in March 1987. The USDA said users burned through a record 3.770 billion bushels of corn from Dec. 1 to March 1. The USDA data showed weekly U.S. corn export sales of 716,000 tonnes for shipment during the current marketing season, below estimates for 900,000 to 1.2 million tonnes. Farmers may harvest at an estimated 14.32-million tonnes of maize in 2017‚ which represents the third-biggest maize crop on record.

Commodity Trading Tips for Jeera by Kedia Commodity

Commodity Trading Tips for Jeera by Kedia Commodity

Jeera prices gained backed by rising domestic and export demand at the spot market. Moreover, restricted supplies in the domestic spot market due to reports of lower production estimates in Gujarat too supported the uptrend. A recent assessment by the Federation of Indian Spices Stakeholders in Udaipur, Rajasthan, has forecast India’s cumin seed production at 5.83 million bags of 40 kg each (233,280 tonnes) this year against 4.20 million bags of 40 kg each (168,320 tonnes) last year. The latest spell of rainfall last week is estimated to have spoiled 30 per cent of the standing crop. Production estimates for 2016-17 are lower due to a decline in the jeera acreage in Gujarat.

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