Comparing Samsung’s new Galaxy S9 to Apple’s iPhone X: Which is better?

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Samsung needs to show it has the hardware and software chops to maintain its leadership in the Android market

 

LATEST NEWS:  When Microsoft revealed a replacement to Windows 8, it skipped the number 9 and went straight to Windows 10. Apple’s iPhone 8 was followed by the iPhone X (pronounced “ten”). But Samsung refused to follow: The successor to its Galaxy S8 is the Galaxy S9 (and a larger S9 Plus), and it’s coming out in March.

The phone is critical for the company. Samsung needs to show it has the hardware and software chops to maintain its leadership in the Android market, while proving Apple isn’t king of smartphone design. Then there’s fending off rising Chinese competition from Huawei and reassuring investors that Vice Chairman Jay Y. Lee has the company’s future under control since his legal woes commanded global headlines.

But above all, Samsung needs to be better than the iPhone X in the eyes of consumers. Here’s how they compare.

Photography and Video

Great pictures are essential for any top-end phone. Samsung has equipped the S9 Plus with two cameras: a wide-angle, and a telephoto (like the iPhone X) and both capture at a resolution of 12 megapixels (also like the iPhone X). Samsung even mounts the two lenses of the S9 Plus vertically — something Apple also does with its flagship.

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Bad news for Gitanjali, PNB, OBC: Few scam-related stocks regain lost glory

Photo: Shutterstock

From the so-called Ketan Parekh (K-10) stocks to Unitech and DB Realty, scam-tainted stocks have fallen by 90 per cent or more from their all-time highs

 

LATEST NEWS:  Nearly a dozen companies that have been named in various scams, frauds or price rigging at the bourses in over two decades have lost over 90 per cent of their market value from their all-time high levels, data show.

For instance, sample the stocks related to Ketan Parekh, the former stock broker from Mumbai convicted in 2008 for his involvement in the Indian stock market manipulation scam in late 1998 to 2001. Some of the famous Ketan Parekh (K-10) stocks like Himachal Futuristic Communication (HFCL), GTL and Pentamedia Graphics – and Mukta Arts, Tips industries and Pritish Nandy Communications, in which Ketan Parekh had a huge exposure – are currently trading up to 99 per cent lower than their peak levels recorded in 2000.

During the 1998-2001 period, Parekh artificially rigged prices of select stocks (informally referred to as K-10 stocks), using large sums of money borrowed from banks, including Gujarat-based Madhavpura Mercantile Co-operative Bank, where he was a director.

Similarly, Unitech and DB Realty, whose promoters were named in the 2G telecom spectrum scam of 2009, have lost over 85 per cent of their market value from peak levels. This was even as a special Central Bureau of Investigation (CBI) court acquitted all accused in the 2G telecom spectrum scam in December 2017.

After the CBI special court’s decision, DB Realty zoomed 130 per cent from Rs 36.45 on December 20, to Rs 83.80 on January 10, 2018. The stock is currently trading at Rs 58.15 on the BSE. It had hit an all-time high of Rs 540 on March 31, 2010, in intra-day trading.

 

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Sridevi died due to ‘accidental drowning’ in Dubai: Top 10 developments

Sridevi

The veteran actor, who acted in over 300 films and was referred to as the first female superstar of Bollywood, suffered a cardiac arrest late Saturday night in Dubai

 

LATEST NEWS :  The mortal remains of Sridevi, revered as Bollywood’s first female superstar, will arrive India a few hours later than earlier expected. Her last rites, earlier expected to take place around 11.00 am, will, therefore, also have to be delayed.

The veteran actor, 54, had passed away following a cardiac arrest late on Saturday night in Dubai. Sridevi acted in over 300 films in her impressive career spanning five decades. She was in Dubai along with her younger daughter Khushi and husband Boney Kapoor for the wedding of her nephew Mohit Marwah.

She suffered a cardiac arrest when she was in the bathroom, getting ready for a dinner date with husband Boney Kapoor. “After 15 minutes passed and Sridevi did not come out, Kapoor knocked on the door to check on her. When he got no response, he forced open the door to find the legendary actor lying motionless in the bathtub full of water,” said a Khaleej Times report citing sources.

The actress was declared dead by the paramedics who visited the site soon after.

Meanwhile, her fans have started gathering outside her Mumbai residence to catch the last glimpse of the superstar. Considering the situation, security has been enhanced outside her residence.

Celebrities including Rajnikanth, Sonam Kapoor and Anil Kapoor, are rushing to Mumbai to attend the last rites of Sridevi.

 

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Nirav Modi scam once again raises concerns over round tripping of diamonds

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sagar diamonds share market news

Nirav Modi’s alleged fraud came to light only after he failed to secure fresh loans to service his existing debt. And, the news of the purported crime committed by Modi and Gitanjali Gems groups has once again brought the issue of illegitimate havala channels and round tripping of diamonds centre stage.

Diamond business is predominantly involved in imports and then exports. Round Tripping is the practice of traders exporting the same stock of polished diamonds multiple times to borrow from banks against the receivables at a lower interest rate.

India is the biggest processor of rough diamonds globally. In 2017-18 till January, according to the Gem & Jewellery Export Promotion Council (GJEPC) data, India exported rough diamonds worth $1.175 bn against last full year’s $1.5 bn.

India’s import of polished diamonds was also $1.88 bn in the 10 months this year. Even the proportion of return consignment doubled in the last two years and remained high. When diamonds are sent abroad for sale on a consignment basis, some unsold diamonds come back but that proportion has doubled over the last couple of years.

Sources say that “diamond trade continues to be a route to launder money by sending dollars abroad or bringing official dollars in India as per trade requirements.” With government increasing the import duty for polished diamonds earlier to 2.5 per cent and now 5 per cent, the modus operandi keeps changing and non standardization of prices and synthetic diamonds have spoiled the sanctity of the trade.

 

ALSO READ THIS :  Sagar Diamonds Ltd.

Come up with an implementable plan to repay dues: PNB to Nirav Modi

Nirav Modi

Nirav Modi in his letter to the PNB had said that the over-zealousness of the bank to deal with the issue destroyed his jewellery brand

 

sagar diamonds share market news

scam-hit Punjab country wide financial institution (PNB) on Thursday asked billionaire diamond jeweller Nirav Modi to give you a concrete and implementable plan to settle the loss prompted to it by using the fraudulent issuance of Letter of Undertakings (LoU) via one in every of its branches.

PNB stated this in its reaction to a mail written by way of Nirav Modi, who allegedly cheated the financial institution of Rs 114 billion in connivance with a few bank officials.

 

“You have been getting LoUs issued illegally and in an unauthorized manner via few financial institution officers. At no degree such facilities were extended with the aid of our bank on your three companion corporations,” resources said mentioning mail response sent by PNB trendy supervisor (global banking division) Ashwini Vats to Nirav Modi.

 

while the illegal sports of Nirav Modi surfaced, the financial institution introduced them to the notice of the law enforcement companies as they seemingly violated FEMA and anti-money laundering law, sources said.

“Your commitment and assignment for sparing of the overall legal responsibility had been now not subsidized via imparting upfront amounts and timelines.

 

ALSO READ THIS :  Sagar Diamonds Ltd.

Sagar Diamonds to enter capital market

 

Sagar Diamonds Limited, an ISO 9001

 

The issue opens on Thursday and closes on Monday. Gretex Corporate Services Private Limited is the sole lead manager to the issue and Bigshare Services Private Limited is the registrar to the issue. The proceeds of the issue will be utilized for working capital requirements, general corporate purposes and issue expenses.

 

 

The company is planning to import the raw diamond and convert into the polished diamond. The company exports to Hong Kong, Europe and so on.

 

The gems and jewellery sector plays a significant role in Indian economy. It is one of the fastest growing sectors. The government has recently undertaken various measures to promote investments and to upgrade technology and skills to promote ‘Brand India’ in the international market.

 

India’s gems and jewellery exports jumped by 8.95 per cent for financial year 2016-17 on recovery in demand from the United States (US), Hong Kong and the United Arab Emirates (UAE), the three destinations accounting for over 75 per cent of India’s overall shipment of precious ornaments by value.

 

India is the world’s largest cutting and polishing centre for diamonds, with the cutting and polishing industry being well supported by government policies.

 

Moreover, India exports 95 per cent of the world’s diamonds, as per statistics from the Gems and Jewelry Export promotion Council (GJEPC). India’s gems and jewellery sector has been contributing in a big way to the country’s foreign exchange earnings (FEEs).

 

ALSO READ  :  Sagar diamonds share market news

Indigo, SpiceJet Shift Operations To T-2 of DIAL

IGI airport

Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet

 

 

The decision relating to shifting a part of the airline’s operation to IGI terminal 2 in Delhi International Airport Ltd (DIAL’s) decision was challenged by Indigo airlines, which has the biggest market share in Delhi high court. However, as a temporary measure, the Delhi high court on Tuesday cleared all the decks for (DIAL) to shift a part of operations of a few airlines to the newly unveiled Terminal 2 from terminal 1 at Indira Gandhi airport. Hema Kohli and Rekha Palli dismissed the appeal by the Indigo against the shifting of its partial operations by DIAL, which is a policy decision with the sanction of Directorate General of Civil Aviation (DGCA).

Partial Shifting of Operations

Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet. The shift of operations of Indigo, GoAir and SpiceJet airlines to and from Delhi to Mumbai, Kolkata and Bengaluru were upheld by the Delhi high court in its single judge order. This bench consisting of Hema Kohli and Rekha Palli gave a week’s time to Indigio and Spicejet to approach DIAL. This authority would decide on a date on which the services would be shifted from T1 to T2. The operation of all other flights will continue from T1.

Judgment Challenged by Airlines

Delhi High Court single order judgment on 20 December 2017 was challenged by Indigo and Spicejet. Both Indigo and Spicejet stated that this order would cause inconvenience to the passengers and also accused DIAL that the order was unfair and unreasonable. The decision taken by DIAL was on the grounds of exceeding flight operations capacity at T1.

ALSO READ THIS :  SpiceJet Ltd.

Pricing pressure in global operations dents Jet Airways’ Q3 numbers

Jet Airways

Jet Airways has been struggling with weak demand from the Persian Gulf for a few quarters, though the management indicated that might change soon

 

Jet Airways’ December quarter performance did not go down well with the Street, with the stock shedding nearly 6 per cent at close on Thursday.

The company had declared the results after market hours on Wednesday.

One reason for the stock fall could be the net profit decline. The bottom line, at Rs 1.86 billion, was down 38 per cent over the year-ago quarter. However, net profit for the year-ago period, at Rs 2.99 billion, included Rs 3.27 billion profit on sale and leaseback of aircraft. The company has restated the numbers for the third quarter of 2016-17 and nine months of 2016-17 to reconcile these with Indian accounting standards. Without the adjustment, net profit would have shown an increase of 19.2 per cent.

On the operational front, revenues increased 10.4 per cent to Rs 64.12 billion. This was led by a 13.4 per cent increase in passenger volumes to 7.7 million for the quarter ended December. Domestic passenger growth was even better at 17 per cent, though this was lower than the sector’s growth of 18 per cent. SpiceJet had reported 18.2 per cent growth in passenger volumes.

 

ALSO READ THIS : SpiceJet Ltd.

BSE to suspend share trading of 3 non-compliant cos from November 16

Deutsche Bank cuts Sensex target to 28,000

While trading suspension will begin from November 16, the exchange also ordered freezing of the entire promoter shareholding of these companies

 

Leading stock exchange BSE will suspend three companies from next month for non-compliance with listing agreement clauses relating to corporate governance norms and shareholding disclosures.

The companies, Terruzzi Fercalx India Ltd, Alka Diamond Industries Ltd and Meuse Kara & Sungrace Mafatlal Ltd, have been given time till November 10 to comply, or be suspended.

While trading suspension will begin from November 16, the exchange also ordered freezing of the entire promoter shareholding of these companies from October 23 till further notice.

“Trading in securities of these companies will be suspended with effect from November 16, on account of non- compliance with Clauses 35 and or 49 of the Listing Agreement for two consecutive quarters — March and June,” BSE said in a circular.

In case any of these companies comply to the satisfaction of the exchange, with all the provisions of the listing agreement including payment of fines on or before November 10 2015, the trading in their securities “will not be suspended”.

Otherwise, the suspension will continue till such time the companies comply including payment of fines.

 

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Govt approves five FDI proposals in single brand retail sector

FDI

FDI into the country grew 9 per cent to $43.47 billion in 2016-17

 

LATEST NEWS :  The government has approved five foreign direct investment proposals, including that of Oppo Mobiles India and Louis Vuitton Malletier, in the single brand retail sector, according to the Department of Industrial Policy and Promotion (DIPP).

The other FDI proposals approved by the government include Chumbak Design ($8.62 million), Daniel Wellington AB ($10 million) and Actoserba Active Wholesale Pvt Ltd.

Actoserba Active Wholesale’s application was made for single brand retail trading (SBRT) of ZIVAME brand in addition to existing business of wholesale.

Oppo Mobiles India has got the nod to undertake SBRT of OPPO brand, in addition to existing business of wholesale, according to the DIPP’s Foreign Investment Facilitation portal.

This portal was set up after the winding up of the foreign investment promotion board.

The portal showed that Diabu Diamond Tools India has been advised to approach through automatic route for its FDI proposal.

FDI into the country grew 9 per cent to $43.47 billion in 2016-17.

 

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