Latest News, News Headlines, Amazon Coupons, Amazon Offers |
- Latest World News, World News, Current Affairs, Daily Current Affairs
- World News Updates, World News, Current Affairs, Daily Current Affairs, World News Updates
- Latest Govt Jobs, Sarkari Naukri, Results
- financial dictionary pdf - financial terminology dictionary - financial dictionary app
- economic news of india - world economic news - economics news for students - indian economy news
- Ouch Potato! What India really watches on TV
- Paisa bolta hai: Taapsee Pannu-starrer 'Thappad' resonates with critics
- Muhyiddin Yassin is new Malaysian PM
- Blenders Pride Fashion Tour 2020: A tour to remember
- Four to the fore: Dinesh Raheja talks about the daughters of stars who are now making their own way in Bollywood
- Delhi violence: A calamity foretold, writes P Chidamabaram
- Inside Track | Donald Trump’s India visit and his differences between old-school bureaucrats in Washington
- Today Crunch News, News Updates, Tech News
- Man held for dumping PIO date's body in UK
- Can’t get you outta my feed: Dealing with break-ups in a digital world
- “Syria will pay heavy price”: President Recep Tayyip Erdogan
- Mumbai: Placement agency ordered to pay 1L compensation for cheating jobless woman
- From casual sexism to misogyny -- are women in the public eye treated equally?
- Citizenship shouldn’t be linked to any religion, says D. Raja
- Dhankhar asks govt. for details of funds used for anti-CAA protests
- Punjab: Golden Temple to take direct control of organic farming for its langar
- Hoshiarpur: Finance Minister’s budgetary allocation for AFPI triggers fresh doubt over fate of 130-yr-old school
- Punjab: Kapurthala sessions judge sentences man to death for murdering 2 children, wife, mother-in-law
- Horoscope of the week (Mar 01-Mar 07, 2020): Aries, Scorpio, Pisces, Aquarius, Cancer, Sagittarius, Libra, Leo and other signs
- Bahadurgarh factory blast toll climbs to six, owners yet to be arrested
Latest World News, World News, Current Affairs, Daily Current Affairs Posted: 01 Mar 2020 04:05 AM PST
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
World News Updates, World News, Current Affairs, Daily Current Affairs, World News Updates Posted: 01 Mar 2020 02:29 AM PST
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Latest Govt Jobs, Sarkari Naukri, Results Posted: 29 Feb 2020 10:33 PM PST
Bihar SSC Pharmacist Result 2020: The Bihar Staff Selection Commission has conducted the Examination for the post of Pharmacist. This recruitment is announced to fill 345 vacancies of the Pharmacist post. The BSSC Pharmacist Exam was conducted on 24th November 2019. Many aspirants have attended the Pharmacist examination and searching for the Bihar Staff Selection Commission examination. Therefore, the organization is planning to declare the Pharmacist Result 2020 in the month of March 2020 (Tentatively). So, all the aspirants can check the Result From this site. We will update the direct link to download the Bihar SSC Pharmacist Result 2020 after the official announcement. BSSC Pharmacist Result 2020 |
Description | Details |
Organization Name | Bihar Staff Selection Commission |
Post Name | Pharmacist |
No of vacancies | 345 Posts |
Category | Sarkari Result |
Exam Date | 24th November 2019 |
Result Date | March 2020 (Tentatively) |
Selection Process | Written Examination, Interview |
Job Location | Bihar |
Official Website | bssc.bih.nic.in |
BSSC Pharmacist Result 2020:Click Here |
BSSC Sanitary Inspector Result 2020: The Bihar Staff Selection Commission has conducted the Examination for the Sanitary Inspector on 24th November 2019. Many Applicants have applied for this post. After completing the examination candidates are waiting for the BSSC Sanitary Inspector Result 2020. The Board of BSSC is going to release Sanitary Inspector Result in the month of March 2020 (Tentatively). All the Aspirants can download the BSSC Result 2020 from this page.
BSSC Sanitary Inspector Result 2020
Description | Details |
Organization Name | Bihar Staff Selection Commission (BSSC) |
Post Name | Sanitary Inspector (SI) |
No of vacancies | 276 Posts |
Category | Sarkari Result |
Exam Date | 24th November 2019 |
Result Date | March 2020 (Tentatively) |
Official Website | bssc.bih.nic.in |
Bihar SSC Sanitary Inspector Result 2020:Click Here |
BSSC Cut Off Marks 2020
We will update this page with the BSSC Cut Off Marks 2020 once the officials will provide the details on their official website. The BSSC Cut Off Marks 2020 is the minimum qualifying marks that a candidate gained in the written test. The Cut off Marks will be given based on the categories of SC, ST, BC, OC. Candidates who have got the highest marks have a higher priority to go for the further selection rounds. Aspirants can get their BSSC Cut Off Marks 2020 here.
BSSC Merit List 2020
In this section, candidates can know the detailed information about the BSSC Merit List 2020. The BSSC Merit List 2020 specifies the maximum marks that are scored by the candidates in the Written Examination. Aspirants must download the BSSC Merit List 2020 and check accordingly with the details of the Name of the candidates, Prescribed Roll Numbers. Further, aspirants can know the result downloading process in the below section.
How to Download BSSC Result 2020?
- Go to the official site of Bihar Staff Selection Commission @ bssc.bih.nic.in.
- Now, the home page of Bihar SSC displays on the screen.
- On the home page, check for Notice Board Section and then click on it.
- Later, the latest updates of the Notice board section appears on the page.
- Refer to the BSSC Result 2020 and click on view Result.
- Download it and take a hard copy for future use.
Posted: 29 Feb 2020 02:39 AM PST
Maharashtra PSC Recruitment 2020 – 806 Vacancy
MPSC Recruitment 2020: Apply Online for 806 PSI, ASO & STI Vacancy. Maharashtra Public Service Commission has recently released a notification for MPSC Subordinate Services Prelims Exam 2020 to recruit Police Sub Inspector, Assistant Section Officer & State Tax Inspector Posts. Applicants who are interested in the MPSC Subordinate Services Non-gazetted Group-B Combined Preliminary Examination 2020 can check this article and get the complete details. All the applicants can start to apply for the MPSC Subordinate Services Prelims Exam from 28th February 2020 to 19th March 2020.
MPSC Recruitment 2020-21
Candidates will be selected based on their performance in the Maharashtra Subordinate Services Non-gazetted Group-B Combined Preliminary Examination 2020. If you are eligible for these posts, you can start applying by click on the MPSC apply online link below. Here on this page, we have mentioned all the details like age limit, qualification, number of openings, location and other. Applicants can start to apply for the MPSC Vacancy. All The Best!!
Overview of MPSC Jobs 2020
Name of the Organization | Maharashtra Public Service Commission |
Number of Vacancies | 806 Posts |
Exam Name | Maharashtra Subordinate Services Non-gazetted Group-B Combined Preliminary Examination |
Name of Post | Police Sub Inspector, Assistant Section Officer & State Tax Inspector |
Starting date of application | 28th February 2020 |
Closing date of application | 19th March 2020 |
Job Category | Maharashtra Government Jobs |
Job Location | Maharashtra |
Application process | Online Process |
Official Website | www.mpsc.gov.in |
Details of MPSC Vacancy 2020-21:
Post Name | Number of Vacancies |
Police Sub Inspector (PSI) | 650 |
Assistant Section Officer (ASO | 67 |
State Tax Inspector (STI) | 89 |
Total | 806 |
Category Wise MPSC Vacancy 2020
Post Name | Open Category | Reserved Category | Number of Vacancies |
Police Sub Inspector (PSI) | 475 | 175 | 650 |
Assistant Section Officer (ASO) | 52 | 15 | 67 |
State Tax Inspector (STI) | 64 | 25 | 89 |
Total | 806 |
Eligibility Criteria for MPSC Recruitment 2020
Candidates interested in MPSC Jobs can check their eligibility with the details below to apply online.
Academic Qualification:
- Applicants should be a Graduate in any Discipline from recognized University/ Institute.
Read the official notification for more details on MPSC Careers.
Age Limit:
Post Name | Age Limit |
Police Sub Inspector | 19 to 31 years for Unreserved 19 to 34 years for reserved |
Assistant Section Officer & State Tax Inspector | 18 to 38 years for Unreserved 18 to 43 years for reserved |
For more details on MPSC age limit and age relaxation refer to the official notification
Selection Process:
- Preliminary Examination
- Main Examination
Pay Scale for MPSC Recruitment 2020:
- Maharashtra Subordinate Services Non-gazetted Group-B Combined Preliminary Examination 2020 – Rs. 38600 – 122800/-
MPSC Online Application Fee:
- Unreserved Candidates – Rs. 374/-
- Reserved Candidates – Rs. 274/-
How to apply for MPSC Recruitment 2020?
- Click on the Official Notification pdf link provided below
- Read the notification carefully,
- Check the eligibility details
- Next, click on the Apply Online link provided below
- New User should register the information and enter into the login page
- Choose the desired post which you want to apply for in the Apply Online portal
- Enter the complete details asked in the application
- Attach required documents along with your recent photograph
- Pay the respective Application Fee
- Then, Click on the submit button to finish the application process
Important Links for MPSC Recruitment 2020-21:
Official Notification Pdf | Download Here |
Apply Online Link | Apply Here |
Official Website | Click Here |
MPSC Recruitment 2019 – Apply Online for 1145 AE, General Officer & Other Vacancies. Maharashtra Public Service Commission Recruitment Board invites application from the eligible candidates to fill up the 1145 vacancies at various departments. MPSC Online form process started on 30th September 2019. Go through this article for complete information regarding MPSC Recruitment 2019 for Group A & Group B Posts.
Candidates who are thinking to apply for the MPSC Recruitment make sure that you satisfy all the eligibility criteria for the job vacancies under Water Resources, Department of Public Works, & Soil and Water Conservation Department as per the Notification. MPSC Online Application login link will be closed after 14th October 2019. Eligibles and interested applicants can submit your application form and grab the chance released under Maharashtra Public Service Commission Recruitment Board.
Maharashtra Public Service Commission Notification 2019 – Overview
Name of the Board | Maharashtra Public Service Commission (MPSC) |
No. of Vacancies | 1145 |
Name of the Post | Assistant Executive Officer, Sub Divisional Water Officer, General Officer & Others |
Name of the Examination | Maharashtra Architectural Engineering Services Main Exam 2019 |
Apply Mode | Online Mode |
Starting Date to Apply Online | 30th September 2019 |
Last Date to Apply Online | 14th October 2019 |
Job Category | Maharashtra Government Jobs |
Job Location | Maharashtra |
Official Website | www.mpsc.gov.in |
MPSC Vacancy 2019 Details
Post Name | No.of. Vacancies |
Water Resources | |
Assistant Executive Officer | 7 |
Assistant Mission Home Architecture Group-A | 21 |
Assistant Engineer Architecture Group-B | 553 |
Department of Public Works | |
Assistant Executive Office Architect | 6 |
Assistant Engineer Architecture Group -A | 16 |
Assistant Engineer Architecture Group -B | 264 |
Soil and Water Conservation Department | |
Sub Divisional Water Officer, Architectural Group-A | 84 |
General Officer Architecture Group-B | 114 |
Total | 1145 |
Eligibility Criteria for MPSC Jobs – Engineering Services Main Exam 2019
MPSC Educational Qualification:
- Completed degree in an Honorary architectural engineering/ Civil and Water Management/ Civil and Environment/ Structural/ Constructional Engineering or Technology from a recognized institution/ university.
Age Limit:
- Refer to the Official Notification.
Age Relaxation:
- As per the Norms.
Salary Details:
Post Category | Pay Level | Salary |
Group-A | S-20 | Rs. 56,100 – Rs. 1,77,500/- |
Group-B | S-15 | Rs. 41,800 – Rs. 1,32,300/- |
MPSC Application Fee:
- General Candidates – Rs. 524/-
- SC/ ST Candidates – Rs. 324/-
Selection Process:
- Written Examination.
- Interview.
How to Apply Online for MPSC Recruitment 2019?
- Click on the Official Notification link provided below
- Read the notification carefully, check the eligibility details
- Next, click on the Apply Online link provided below.
- New User should register the information and enter into the login page
- Choose the desired post which you want to apply for it in the Apply Online portal.
- Enter the complete details asked in the application.
- Attach required documents along with your recent photograph.
- Pay the respective Application Fee.
- Then, Click on the submit button to finish the application process.
- Take printouts of the application form for further use.
Important Dates for MPSC Notification 2019
Starting Date to Apply | 30th September 2019 |
Last Date to Apply | 14th October 2019 |
Important Links for MPSC Jobs 2019
Official Notification Pdf | Download Here |
Apply Online Link | Click Here |
Official Website | Click Here |
MPSC Recruitment 2019 – Apply Online for 1161 Vacancies. This MPSC Notification has been released to fill up the vacancies of Assistant Engineer, Assistant Executive Engineer, Deputy Divisional Water Conservation Officer & Water Conservation Officer Posts through Maharashtra Electrical Engineering Services Main Exam 2019. Graduates looking for MPSC Jobs can try for this Job Vacancy. Accordingly, 1161 Vacancies are allotted. MPSC Online form has been invited from 30th September 2019. Interested Candidates can start the application procedure for the MPSC Recruitment 2019.
Maharashtra Public Service Commission is looking for the eligible young candidates to fill up the Vacancies through Engineering Service Examination. The Last Date to submit your application for the MPSC Recruitment is 14th October 2019. Scroll down the page to get more information regarding the vacancy details of Maharashtra PSC Jobs.
MPSC AE Recruitment 2019 – Job Highlights
Name of the Organization | Maharashtra Public Service Commission (MPSC) |
No. of Vacancies | 1161 |
Name of the Post | Assistant Engineer, Assistant Executive Engineer, Deputy Divisional Water Conservation Officer & Water Conservation Officer |
Name of the Examination | Maharashtra Electrical Engineering Services Main Exam 2019 |
Apply Mode | Online Mode |
Starting Date to Apply Online | 30th September 2019 |
Last Date to Apply Online | 14th October 2019 |
Job Category | Maharashtra Government Job |
Job Location | Maharashtra |
Official Website | www.mpsc.gov.in |
MPSC Vacancy 2019 Details
Post Name | No.of. Vacancies |
Assistant Engineer | 870 |
Assistant Executive Engineer | 13 |
Deputy Divisional Water Conservation Officer | 84 |
Water Conservation Officer | 194 |
Total | 1161 |
Eligibility Criteria for MPSC Recruitment 2019
Educational Qualification:
- Completed Graduate Degree in a respective engineering stream from a recognized university or institution.
Age Limit:
- Kindly check MPSC Recruitment Official Notification.
MPSC Job Salary:
- Best Salary.
Application Fee:
- General Candidates – Rs. 524/-
- SC/ ST Candidates – Rs. 324/-
Selection Process:
- Written Test.
- Interview.
How to Apply Online for Maharashtra PSC Recruitment 2019?
- Click on the Apply Online Link given below.
- Select the desired post you want to apply.
- Read the given details completely and go for the application page.
- Fill the application form properly.
- Pay the respective application fee.
- Recheck with the details that are entered in the application form.
- Submit the application form and take a print out for further reference.
Important Dates for MPSC Careers 2019
Starting Date to Apply Online | 30th September 2019 |
Closing Date to Apply Online | 14th October 2019 |
Important Links for MPSC Jobs 2019
Official Notification Pdf | Download Here |
Apply Online Link | Click Here |
Official Website | Click Here |
About Maharashtra Public Service Commission
The Maharashtra Public Service Commission (MPSC) is a body made by the Constitution of India under article 315 to choose officials for common administration employments in the Indian province of Maharashtra as indicated by the benefits of the candidates and the guidelines of reservation. Albeit, such exhortation isn’t authoritative on the Government.
The Head Office of the MPSC is situated at the Maharashtra State Capital Mumbai. Maharashtra Public Service Commission (MPSC) is a Constitutional Body built up under Article 315 of Constitution of India which gives a smooth and productive working of the Government of Maharashtra by giving reasonable possibility to different Government posts and prompt them on different administration matters like detailing of Recruitment Rules, exhort on advancements, moves and disciplinary activities and so on. Being a protected expert, the couple of foundations which capacity with both self-governance and opportunity, alongside the nation’s higher legal executive and of late the Election Commission.
Solapur University Result 2020 [Declared] | M.Tech Mech, Civil, B.Pharm & Other UG/PG Results
Posted: 29 Feb 2020 02:06 AM PST
Solapur University Result 2020 Released: Hello Students !!! It’s time to check the results, Yes Solapur University has declared the result for various Courses on 28th February 2020. Students who have attended the Examination can check the result from the official website of the University i.e su.digitaluniversity.ac. Aspirants can check the Solapur University Result 2020 for all the students who are studying under the Solapur University. The University offers various Courses like, Under Graduate, Post Graduate, Regular/ Supplementary and other Courses. All the Students can check the Solapur University Result from this site. Also, we have provided a direct link to get the result from the below table.
Solapur University – Overview
Description | Details |
Name of the University | Solapur University |
Courses Offered | Engineering, Technology & others |
Established Year | 2004 |
Category | Sarkari Results |
Location | Kegaon, Solapur, Maharashtra |
Mode | Online |
Official Site | su.digitaluniversity.ac |
Solapur University Result 2020
The University of Solapur has successfully conducted the examination of B.A, B.Sc, B.Com, B.Tech, BBA, BCA, M.A, M.Sc, and Other Examinations 2019. Also, Students may find all the information related to the Examination from this site and official website. Once the University has declared the Results, we will update on our webpage. Students can find the results using the Name, Roll Number, Date of Birth or Year of the Course. All the students can get furthermore information related to the Solapur University Result 2020 on our recruitment.guru webpage.
Latest Updated Solapur University Results 2020
Name of the Exam | Result Declared Date | Apply for Photocopy/ Verification up to (for students) | Download Link |
M.Tech Mech.-Design Sem- I_II_III | 28/02/2020 | 16/03/2020 | Click Here |
M.Tech Civil-Structure Sem-I_II_III | 28/02/2020 | 16/03/2020 | Click Here |
B.Arch CBCS SEM VII | 28/02/2020 | 16/03/2020 | Click Here |
M.PHARM CBCS SEM I PATTERN 2017 (PQA) | 28/02/2020 | 16/03/2020 | Click Here |
M.PHARM CBCS SEM I, II PATTERN 2017 (PHARMACEUTICS) | 28/02/2020 | 16/03/2020 | Click Here |
B.PHARM CGPA SEM II, IV, VI, VIII | 28/02/2020 | 16/03/2020 | Click Here |
B.PHARM CBCS SEM V PATTERN 2017 | 28/02/2020 | 16/03/2020 | Click Here |
B.PHARM CBCS SEM III, IV PATTERN 2017 | 28/02/2020 | 16/03/2020 | Click Here |
B.PHARM CBCS SEM II, IV, VI, VII | 28/02/2020 | 16/03/2020 | Click Here |
B.PHARM CBCS SEM II PATTERN 2017 | 28/02/2020 | 16/03/2020 | Click Here |
B. PHARM CBCS SEM I PATTERN 2017 | 28/02/2020 | 16/03/2020 | Click Here |
B.Sc (No Branch) sem – V CBCS RR solve Result | 24/02/2020 | ———– | Click Here |
BArch CGPA SEM VIII | 17/02/2020 | 06/03/2020 | Click Here |
BArch CGPA SEM VII | 17/02/2020 | 06/03/2020 | Click Here |
BArch CGPA SEM VI | 17/02/2020 | 06/03/2020 | Click Here |
BArch CGPA SEM V | 17/02/2020 | 06/03/2020 | Click Here |
Other Results | – | – | Click Here |
Courses Offered by Solapur University
Faculty | Department |
Faculty of Science & Technology | Engineering Pharmacy M.Sc./M.C.A.Sci/M.A.Geography B.Sc /ECS /Bio-Tech / Entrepreneurship/B.C.A. |
Faculty of Interdisciplinary Studies | BJMC/MSW/BLib/Education |
Faculty of Commerce & Management | B.Com/M.Com/BCA/BBA/MBA/PGDCA/DBM |
Faculty of Humanities | BALLB/LLB/LLM/BA/MA |
How to Download Solapur University Results 2020?
- Visit the official website of Solapur University i.e su.digitaluniversity.ac
- On the home page, you will find the Examination tab and click on the results.
- In the result page, you have to give the Roll number and Year of the Course.
- Click on the result link for which course you want to check.
- The results will appear on the screen.
- Take the printout of the Solapur University Result for future reference.
About Solapur University
Solapur University was developed on the principal August 2004 and was started on 03rd August 2004 by the Governor of Maharashtra. The course of action of the school at Solapur was a long time back loved the needs of the people of this region. Earlier, to the course of action of University, Solapur had a P.G. Point of convergence of Shivaji University for over two decades. P.G. considers had three postgraduate science divisions and 7 postgraduate courses drove in the P.G. workplaces. With this sound establishment, Solapur University has been developed to oblige the prerequisites of in excess of 60,000 understudies to arrange. In less than three educational years, Solapur University has the delight of various separation. All Students and staff have completed their academic obligation. It is an achievement to communicate that Solapur University has successfully driven its appraisals and besides the results have been declared in record time.
Solapur University Supply/Revaluation Results
Understudies are keeping things under control for the results if they scored well they will provoke one year from now. Regardless, in case they won’t get more checks, they can apply for the revaluation results. At the point when they applied for the Examination, the more noteworthy level Examiner will check the paper again. In like manner, in case they regardless of everything get bomb marks, they can apply for the worth evaluation. For each and every semester, Students can apply for the revaluation after the presentation of the essential evaluation results. Solapur University will take perhaps over seven days to process the test papers to announce the Solapur University Revaluation Result. Do stay revived with the University to consider the Revaluation Exam Results.
UGVCL Vidyut Sahayak Syllabus 2020 | Download Uttar Gujarat Junior Engineer & JA Test Pattern
Posted: 29 Feb 2020 01:50 AM PST
UGVCL Vidyut Sahayak Syllabus 2020 is available on this page for download. Applicants can check the Uttar Gujarat Vij Company Ltd Junior Assistant and Deputy Superintendent Recruitment 2020 and apply on or before the last date. Download Uttar Gujarat Vij Company Ltd JUGVCL Vidyut Sahayak Syllabus and UGVCL Deputy Superintendent Exam Pattern 2020 on this page.
UGVCL Vidyut Sahayak Syllabus 2020 |
Applicants who are searching for the Uttar Gujarat Vij Company Ltd Junior Assistant Exam Syllabus and UGVCL Vidyut Sahayak Exam Pattern can reach the right place for downloading it. Our website recruitment.guru is having the latest updates related to the Uttar Gujarat Vij Company Ltd Junior Assistant Exam Syllabus. Here we are providing the detailed UGVCL Jr Assistant Syllabus in pdf format. Candidates who are looking for the Government jobs in Gujarat can apply for this UGVCL Recruitment and check the UGVCL Vidyut Sahayak Syllabus 2020 provided below for the Exam Preparation. Interested candidates can also view the UGVCL Junior Assistant Exam Syllabus on the official website. Here we are providing the UGVCL Junior Asst Previous Papers for the ease of candidates.
Download UGVCL Junior Asst Syllabus – Brief Info |
Organization Name | Uttar Gujarat Vij Company Ltd (UGVCL) |
Post Name | Junior Engineer & Junior Assistant. |
Category | Syllabus |
Official site | www.ugvcl.com |
UGVCL Jr Asst & JE Exam Pattern |
Here we are providing the UGVCL Vidyut Sahayak Exam Pattern 2020 for the applicants. The Exam Pattern is necessary for the candidates for the UGVCL exam preparation. Check the Points mentioned on this page.
- It is an Objective Type Question Paper, i.e., Consisting of Multiple Choice Question Paper.
- Test Paper Consists of Five Sessions.
- The question paper will be set in English & Gujarati.
UGVCL Junior Asstt Exam Pattern
Section | Subject Name | Weightage |
Section-I | General Knowledge | 20% |
Section-II | English Language | 20% |
Section-III | Maths & General Science | 20% |
Section-IV | Analytical & Logical Reasoning | 20% |
Section-V | Computer Knowledge | 20% |
Junior Engineer Test Pattern
Section | Subject Name | Weightage |
Section-I | General Knowledge | 10% |
Section-II | English Language | 15% |
Section-III | Electrical Engineering | 60% |
Section-V | Computer Knowledge | 15% |
UGVCL Syllabus 2020 – www.ugvcl.com |
The Syllabus topics are enclosed on this page for the guidance of the candidates. The Syllabus covered topics are as follows
- Computer Knowledge.
- General English.
- Maths & General Science
- Analytical & Logical Reasoning
- Computer Knowledge
General Knowledge
- Geography – Gujarat.
- Modern History of India.
- Indian Culture.
- Cultural Heritage of Gujarat.
- Indian Polity.
- Geography of India.
- Indian Economy.
- Current Events – National and International, etc.
English Language
- Fill in the Blanks.
- Cloze Test.
- Spot the Errors.
- Synonyms.
- Antonyms.
- Direct/Indirect Speech.
- Active/Passive Voice.
- Idioms & Phrases.
- Improvement of Sentences.
- One word substitution.
- Comprehension Passage.
- Spellings etc.
Electrical Engineering
- Switchgear & Protection.
- Functioning of capacitors & reactors.
- Non-conventional Energy sources like wind, solar, biomass, etc.
- The basic role of the regulatory commission in the power sector.
- The performance of Electro Mechanic/Static meters.
- Distribution transformer.
- Present power sector scenario in India.
- HT line/LT line parameters – construction, operational maintenance.
- Low voltage constraints & resolving.
- Electrical & Electronics Measurement & Instruments.
- The performance of line faults analysis.
Computer Knowledge
- Computer Fundamentals.
- Internet Usage.
- MS-Windows.
- Computer Hardware.
- MS-Office.
- Word Processing (MS-Word).
- Spread Sheet (MS-Excel).
- Presentation (MS-PowerPoint).
- MS Access etc.
Direct Link to Download UGVCL Jr Engineer Syllabus 2020
The Exam syllabus direct link is attached on this page for downloading the Uttar Gujarat Vidhyut Corporation Limited Exam Syllabus along with the Test Pattern.
Download UGVCL JE Syllabus
Download UGVCL Junior Assistant Syllabus
Posted: 29 Feb 2020 01:45 AM PST
TSPSC Result 2020 @ tspsc.gov.in: Telangana State Public Service Commission has announced the Results for Various Posts. The Telangana State Public Service Commission (TSPSC) has conducted an Examination to recruit the right candidates. A huge number of Applicants have completed the TSPSC Exam for various Posts. Here on this page, we have provided complete information about the TSPSC Result 2020. As we know, everyone is waiting for the TSPSC Results and anyone can check your results from this page. As well as candidates can also check the results from the official website i.e, tspsc.gov.in.
TSPSC Result 2020
Exam Name | Result Release Date | Telangana PSC Result Links |
Junior Assistant, Typist & Others | 28th February 2020 | TSPSC Junior Assistant Result |
Food Safety Officer | March 2020 (Tentatively) | TSPSC FSO Result |
TRT, SGT, PGT | 17th February 2020 | TSPSC TRT, SGT, PGT Result |
Departmental Test | Released | TSPSC Departmental Test Result |
Health Assistant Posts | 07th February 2020 | TSPSC Health Assistant Result |
Senior Stenographer | March 2020 (Tentatively) | TSPSC Senior Steno Result |
Group I | March 2020 (Expected) | Telangana PSC Group I Result |
Forest Beat Officer | 21st January 2020 | Telangana PSC FBO Result |
TSPSC Junior Assistant Result 2020 Released: Aspirants who have written Telangana PSC Junior Engineer Exam can check their results here. Therefore, the officials of Telangana State Public Service Commission has commenced the written examination on 07th October 2018 for filling various posts. A vast number of aspirants have participated in this examination and they are curiously waiting to know the result status. The Telangana State Public Service Commission has announced the TPSC Junior Assistant Result on 28th February 2020. Here, we have updated a direct link to download the TSPSC Junior Assistant Result 2020 and it has activated now. Aspirants can check their results by utilizing the link given in the below table. Also, check the TSPSC Junior Assistant Cut Off Marks, Merit List 2020 here.
TSPSC Junior Assistant Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission |
Post Name | Junior Assistant, Typist, Jr Steno, Jr Assistant Cum Typist |
Total Vacancies | Various |
Category | Sarkari Result |
Exam Date | 07th October 2018 |
Results Status | 28th February 2020 |
Selection Process | Written Examination, Certificate Verification |
Job Location | Telangana |
Official Website | tspsc.gov.in |
Telangana SPSC Junior Assistant Result 2020:Click Here |
TSPSC Food Safety Officer Result 2020: A huge number of aspirants are eagerly waiting to know their result status. We are here to help out those aspirants. The Telangana State Public Service Commission has commenced the examination for filling 36 Food Safety Officer posts. Many applicants have written this examination on 23rd February 2020 and they are looking to know the TSPSC FSO Result 2020. For the sake of aspirants, we have updated a quick link to download Telangana PSC Food Safety Officer Result 2020. Therefore, the officials are planning to announce the result for the Food Safety Officer in March 2020 (Tentatively). The TSPSC FSO Result link will be activated when the result is declared officially.
Telangana PSC Food Safety Officer Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Food Safety Officer |
Total Vacancies | 36 |
Category | Sarkari Result |
Exam Date | 23rd February 2020 |
Results Status | March 2020 (Tentatively) |
Selection Process | Written Examination, Interview |
Job Location | Telangana |
Official Website | tspsc.gov.in |
Telangana SPSC Food Safety Officer Result 2020: Click Here |
TSPSC Senior Steno Result 2020: Most of the candidates are waiting for the TSPSC Senior Steno Result 2020. The Telangana State Public Service Commission officials have conducted the Examination on 17th, 18th November 2019 for Senior Stenographer post. Many aspirants have appeared for the TSPSC Exam and waiting for the results. The Telangana State Public Service Commission is planning to release the TSPSC Senior Steno Result in March 2020 (Tentatively). Here, we have given a direct link to download the TSPSC Senior Stenographer Result 2020 and it will be activated at the time of the official announcement. And also get the TSPSC Senior Steno Cut Off Marks, Merit List 2020 here.
TSPSC Senior Stenographer Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Senior Stenographer |
Total Vacancies | Various |
Category | Sarkari Result |
Exam Date | 17th, 18th November 2019 |
Results Status | March 2020 (Tentatively) |
Selection Process | Written Test |
Job Location | Telangana |
Official Website | tspsc.gov.in |
TSPSC Senior Stenographer Result 2020: Click Here |
TSPSC TRT, SGT, PGT Result Released: Dear Candidates !!! Have you written the TSPSC TRT, SGT, PGT Examination and waiting for the results? If yes, then it is the perfect destination to check your results. The Officials of Telangana State Public Service Commission has organized the examination from 24th Feb 2018 to 4th March 2018 successfully. A vast number of aspirants have appeared for this and now they are waiting for the results. Therefore, the officials have announced the TSPSC TRT, SGT, PGT Result on 17th February 2020. For the sake of aspirants, we have provided a quick link to download the TSPSC TRT, SGT, PGT Result 2020. Also get the TSPSC Cut Off Marks, Merit List 2020 at end of this page.
TSPSC TRT, SGT, PGT Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | TRT (School Assistant, Secondary Grade Teacher (SGT), Language Pandit, School Assistant (Physical Education), Physical Education Teacher) |
Total Vacancies | 8792 |
Category | Sarkari Result |
Exam Date | 24th Feb 2018 to 4th March 2018 |
Result Release Date | 17th February 2020 |
Selection Process | Written Examination |
Job Location | Telangana |
Official Website | tspsc.gov.in |
TSPSC School Assistant Result 2020: Click Here Telangana PSC Secondary Grade Teacher CV Date 2020: Click Here TSPSC Secondary Grade Teacher Selection List 2020: Click Here TSPSC TRT Selection List 2020: Click Here Telangana PSC TRT, SGT, PGT Result 2020: Click Here |
TSPSC Health Assistant Result 2020 Released: Telangana State Public Service Commission has conducted the Examination for the Health Assistant post on 13th December 2018. A huge number of aspirants participated in the examination and searching for the TSPSC Health Assistant Exam Result 2020. The Board has declared the Telangana SPSC Health Assistant Result on 07th February 2020. Here, we have given a direct link to download the TSPSC Result for Health Assistant Posts and the link is activated now. So, candidates can check the Telangana State PSC Result 2020 from this page. Aspirants can also get the TSPSC Health Assistant Cut Off Marks, Merit List 2020 from here.
TSPSC Health Assistant Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Health Assistant Posts |
Category | Sarkari Result |
Exam Date | 13th December 2018 |
Result Release Date | 07th February 2020 |
Selection Process | Written Examination |
Job Location | Telangana |
Official Website | tspsc.gov.in |
TSPSC Health Assistant Result 2020: Click Here TSPSC Health Assistant Result 2020 DV List: Click Here |
TSPSC Group I Result 2020 @ tspsc.gov.in: Dear Folks !!! Most of the applicants have appeared for the TSPSC Group I Examination conducted by the Telangana State Public Service Commission. Those aspirants are eagerly waiting for the Telangana PSC Group I Result 2020. Moreover, the higher authority of the Telangana State Public Service Commission is planning to release the result in the month of March 2020 (Expected). In order to help the candidates, we have given a direct link to download TSPSC Group I Result 2020. The link will be activated when the result is announced officially. Aspirants can also get the Telangana PSC Group I Cut Off Marks and Merit List 2020 on this webpage.
TSPSC Group I Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Revenue department Deputy Collector, DSP, Commercial tax officers, District Registrars, Municipal commissioners ( Grade 2 ), SC development officers, BC development officers, District employment officer, Administrative Officer, Assistant Treasurer, Assistant audit officer, Mandal Parishad development officer, Cooperative society deputy registrar |
Total Vacancies | 137 |
Category | Sarkari Result |
Result Release Date | March 2020 (Expected) |
Job Location | Telangana |
Official Website | tspsc.gov.in |
Telangana PSC Group I Result 2020: Click Here |
TSPSC Departmental Test Result 2020 Released @ tspsc.gov.in: Candidates who are eagerly searching for the TSPSC Departmental Test Exam Result 2020 should go through this complete article. Telangana State Public Service Commission has commenced the Departmental Test from 14th to 23rd December 2019. A vast number of aspirants appeared for this and waiting for the TSPSC Departmental Test Result 2020. Moreover, higher officials have announced the Telangana SPSC Departmental Test Result 2020. In this candidates must undergo the two rounds of selection process such as Written Exam, Viva Voce Test. Get Telangana State PSC Departmental Test Cut Off Marks, Merit List 2020 on this page.
TSPSC Departmental Test Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Departmental Test |
Category | Sarkari Result |
Exam Date | 14th To 23rd December 2019 |
Result Release Date | Released |
Selection Process | Written Exam (CBT), Viva Voce Test |
Job Location | Telangana |
Official Website | tspsc.gov.in |
Telangana PSC Departmental Test Result 2020: Click Here |
TSPSC FBO Result 2020 Released: Dear Aspirants !!! Are you looking for TSPSC Forest Beat Officer Result 2020? It is the perfect destination to check your results. The officials of Telangana State Public Service Commission have conducted the written examination on 29th October 2017 successfully. Many aspirants have appeared for the examination and eagerly waiting for the results. Telangana State Public Service Commission has released the TSPSC FBO Result on 21st January 2020. To help out the candidates, we have given a quick link to download the Telangana PSC FBO Result 2020 on this page. Candidates can also get the TSPSC Forest Beat Officer Result, Cut Off Marks and Merit List 2020 here.
TSPSC Forest Beat Officer Result 2020
Description | Details |
Organization Name | Telangana State Public Service Commission (TSPSC) |
Post Name | Forest Beat Officer |
Total Vacancies | 1857 |
Category | Sarkari Result |
Exam Date | 29th October 2017 |
Physical Test Date | 15th February 2020 |
Result Release Date | 21st January 2020 |
Selection Process | Exam, Physical Test |
Job Location | Telangana |
Official Website | tspsc.gov.in |
TSPSC Forest Beat Officer Result 2020: Click Here |
TSPSC Cut Off Marks 2020 @ tspsc.gov.in
Aspirants must have an idea about the TSPSC Cut Off Marks 2020 in order to get the status of minimum qualifying marks. Whereas the Telangana State PSC Cut Off Marks 2020 will be given by the Telangana State Public Service Commission officials according to the categories.
Telangana PSC Merit List 2020
The Telangana State Public Service Commission board released the TSPSC Merit List 2020 based on the maximum marks and are qualified for the next round. So it is important to verify the Telangana PSC Merit List 2020 according to the Roll Numbers prescribed in the TSPSC Admit Card 2020.
How to Download Telangana PSC Results 2020?
- Move on to the official site of Telangana State Public Service Commission @ tspsc.gov.in.
- The home page with various sections will be available now.
- On the home page, all the latest announcements will be moving.
- Then, move the page down and go through the Results/Selection list section.
- Search for the TSPSC Result 2020.
- After that, click on the PDF link given.
- Download and check the result and keep it for future use.
Direct Links to Download Telangana State PSC Result 2020
Telangana PSC Result 2020 | Click Here |
Official Website | Click Here |
Important Links Related to Telangana State PSC
TS Police Result 2020 | Click Here |
TSCAB Staff Assistant Result 2020 | Click Here |
TS SBTET Revaluation Results 2020 | Click Here |
Posted: 29 Feb 2020 01:36 AM PST
DAVV Result 2020 Released for the M.B.A (BE), M.B.A.(HA), B.C A, B.P.ED, B.COM.LLB, B.B.A.LLB, B.A.LLB, M.P.ED, B.COM. and furthermore Other Exams on 29th February 2020 the Official Website. Hopefuls who are keen on downloading the DAVV Exam Results 2020 can look at the beneath segment. Get the total UG/PG Semester test stamps through www.dauniv.ac.in result 2020. We encourage the understudies to take the total insights about the DAVV online Results 2020 from our page. Understudies utilize this page to know all the DAVV time table, DAVV Admit Card, Devi Ahilya Vishwavidyala DAVV Result 2020. Experience the whole article to get all the most recent updates of DAVV University Results 2020.
Devi Ahilya Vishwavidyalaya – Overview
Description | Details |
Name of the University | Devi Ahilya Vishwavidyalaya |
Courses Offered | Medical, Engineering, Pharmaceutical, Technology & Others |
Established Year | 1964 |
Category | Sarkari Results |
Location | Madhya Pradesh |
Mode | Online |
Official Site | dauniv.ac.in |
DAVV Result 2020 @ dauniv.ac.in
देवी अहिल्या विश्वविधालय डीएवीवी परिणाम 2020 Announced. In this way, understudies of Devi Ahilya Vishwavidyalaya University its the opportunity to look at your DAVV Result 2020. Applicants the individuals who have gone to the Annual and Semester Examination led by the Devi Ahilya Vishwavidyalaya can look at the DAVV UG/PG Semester Exam Result 2020 given on this page. Here, we have refreshed the as of late discharged DAVV Results 2020 on this website page presently competitors can look at the Result through Online mode. Additionally, we have given direct connections to check the most recent DAVV Results 2020 in the beneath segment.
Latest Updated DAVV Results 2020-21
Examination Name | Result Release Date | Result Link |
M.B.A (BE) SEM-3 (MARK LIST) | 29-02-2020 | Pass List |
M.B.A.(HA) SEM-1 (MARK LIST) | 29-02-2020 | Pass List |
M.B.A (BE) SEM-1 (MARK LIST) | 29-02-2020 | Pass List |
M.B.A.(HA) SEM-3 (MARK LIST) | 29-02-2020 | Pass List |
B.C A SEM-1 (MARK LIST) | 27-02-2020 | Pass List |
B.P.ED.TWO YEAR SEMESTER-IV (NEW) (MARK LIST) | 27-02-2020 | Pass List |
B.COM.LLB (HONS.) SEM-7 (MARK LIST) | 27-02-2020 | Pass List |
B.B.A.LLB (HONS.) SEM-9 (MARK LIST) | 27-02-2020 | Pass List |
B.A.LLB (HONS.) SEM-IX (MARK LIST) | 27-02-2020 | Pass List |
M.P.ED.(2YDC)SEMESTER-I (MARK LIST) | 27-02-2020 | Pass List |
M.P.ED.(2YDC)SEM-II(NEW) (MARK LIST) | 27-02-2020 | Pass List |
B.COM. SEM-V (Pvt.) (MARK LIST) | 27-02-2020 | Pass List |
B.COM. SEM-V (MARK LIST) | 27-02-2020 | Pass List |
M. ED. EXAMINATION SEM. 4 (MARK LIST) / (PASS LIST) | 26-02-2020 | Pass List |
PG.DIP.IN COMPUTER APPL. SEM-1 (MARK LIST) / (PASS LIST) | 25-02-2020 | Pass List |
BACHELOR OF BUSINESS ADM. SEM-3 (MARK LIST) / (PASS LIST) | 24-02-2020 | Pass List |
B.COM.(HONS.)SEM-1 ATKT (MARK LIST) | 24-02-2020 | Pass List |
Online Results | – | Click Here |
Other Results | – | Click Here |
Courses Offered by Devi Ahilya Vishwavidyalaya
- MBA/PGDM
- BBA
- B.Com
- B.E. / B.Tech
- M.Sc.
- BCA
- B.Sc.
- B.A. LL.B.
- B.M.C.
- M.A.
- B.A.
- M.E./M.Tech
- MCA
- LL.B.
- B.Com (Hons)
- B.J.
- BBA LL.B.
- MSW
- Executive MBA/PGDM
- M.M.C.
- B.Lib.I.Sc.
- LL.M.
- BSW
- M.Com
- M.Lib.I.Sc.
- Ph.D.
Also, Check Mumbai University Results 2020
How to Download the DAVV Result 2020?
- Visit the official website of Devi Ahilya Vishwavidyalaya i.e dauniv.ac.in
- On the home page, you will find the results tab and click on the results.
- In the result page, you can find the results for various courses.
- Click on the result link for which course you want to check.
- The results will appear on the screen.
- Take the printout of the DAVV Result until the official marks card is released by the DAVV Board.
About Devi Ahilya Vishwavidyalaya
Devi Ahilya Vishwavidyalaya is a State University whose locale was at first confined to Indore city. Devi Ahilya Vishwavidyalaya is the University of Indore was developed in 1964 by an Act of Legislature of Madhya Pradesh. It directs all the schools inside the three grounds. There are numerous different schools subsidiary to the college in Indore. The college has in excess of 300 associated schools conferring instruction at undergrad and post-graduate levels in fundamental and expert controls. It has 9000 understudies on grounds and a sum of more than 300,000 understudies in partnered schools.
DAVV Supply/Revaluation Results
Understudies get an opportunity to apply for the revaluation, if the understudies may get low checks in the assessment, they can apply for the DAVV Revaluation Results. So again the leader of the Examiner will survey the appropriate response paper. After revaluation, understudies may get high stamps. All things considered, on the off chance that anybody got low stamps, they can apply for the Supplementary Examinations. For Revaluation/Supplementary, understudies should pay the expense. Understudies can get all the outcomes from this page Regular, Revaluation, and Supplementary Results. Additionally, Students of Devi Ahilya Vishwavidyala University, Indore can likewise get the MBA Results Also. Just we are encouraging the Students to as often as possible visit this page to get the most recent refreshed DAVV Result 2020.
You are subscribed to email updates from Recruitment.guru. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
financial dictionary pdf - financial terminology dictionary - financial dictionary app
Posted: 29 Feb 2020 10:16 PM PST
financial dictionary pdf - financial terminology dictionary - financial dictionary app |
- When Is Accrual Accounting More Useful Than Cash Accounting?
- 8 Most Successful Products From Shark Tank
- Hedge Funds: Higher Returns Or Just High Fees?
- 8 Hedge Fund Manager Startup Tips
- Lump-Sum Vs. Regular Pension Payments: What's the Difference?
- The 6 Best Peer-to-Peer Lending Websites
- Yield to Worst (YTW) Definition
- What Is the Formula for Calculating Free Cash Flow?
- Widow Maker Definition
- How to Break Bad Trading Habits and Follow Your Rules
- Korea Stock Exchange (KRX) Definition
- What Can Policymakers Do to Decrease Cyclical Unemployment?
- Consumer Debt Definition
- The 6 Biggest Hedge Fund Failures
- Do You Need a Home Warranty?
- Regulation SHO Definition
- Offshore Banking Isn’t Illegal, But Hiding It Is
- Top Marijuana Stocks on the NASDAQ for March 2020
- The $200 Million House: What It Really Costs
- Pharmacy Benefit Management Industry Definition
- Hedge Fund Due Diligence
- Evaluating Hedge Fund Risk & Performance
- Is Argentina a Socialist Country?
- The Economics Of Owning A Tesla Car
- 7 Steps to Selling Your Small Business
- How Installment Loans Work
- Ability to Repay
- Top Utilities Stocks for March 2020
- 10 Steps to a Career in Hedge Funds
- Top Bachelor's Degree for a Hedge Fund Career
- How to Use Volume to Improve Your Trading
- Common Scams Targeted At Teens
- The Top 5 Disney Individual Shareholders (DIS)
- Two and Twenty Definition
- 20 Ways To Save On Medical Bills
- Money Market Fund vs. Savings Account: What’s the Difference?
- Retrospectively Rated Insurance Definition
- Children’s Health Insurance Program (CHIP) Definition
- Adverse Credit History Defined
- Forget Bitcoin: Blockchain is the Future
- Personal Use Property
- Top Communications Stocks for March 2020
- Top Tech Stocks for March 2020
- Debt Collector Definition
- Bioinformatics
- Smart Home Definition
- Top Health Care Stocks for March 2020
- Unitholder
- Mutual Fund Definition
- How to Write a Check in 5 Easy Steps
- Build a Model Portfolio with Style Investing
- How to Build A Forex Trading Model
- Conglomerates: Cash Cows or Corporate Chaos?
- Soft Fork
- Declining Industry Definition
- Private Activity Bond (PAB) Definition
- Subprime
- How to Become a CEO
- Who Are Procter & Gamble's Main Competitors?
- Charging Order
- Cleared Funds Definition
- What Is Total Housing Expense?
- Curve Steepener Trade Definition
- Andersen Effect
- Credit Karma Doesn't Hurt Your Credit Score, and Here's Why
- Gatekeeper Definition
- Deferred Interest Definition
- What price-to-earnings ratio is average in the utilities sector?
- 9 Biggest Chinese Mining Companies
- Deferment Period Definition
- Gentrification Definition
- An Introduction to Small Cap Investing
- SEC Schedule 13E-3 Definition
When Is Accrual Accounting More Useful Than Cash Accounting? Posted: The accrual accounting method is more useful when a person or company is trying to understand the performance of a business over a specified time period. |
8 Most Successful Products From Shark Tank Posted: With 5 million viewers, a few studs and a whole lot of duds, we take a look at the 8 most successful products to come out of ABC's Shark Tank. |
Hedge Funds: Higher Returns Or Just High Fees? Posted: Discover the advantages and pitfalls of hedge funds and the questions to ask when choosing one. |
8 Hedge Fund Manager Startup Tips Posted: Starting a hedge fund is the new American dream. Find out how you can pull it off. |
Lump-Sum Vs. Regular Pension Payments: What's the Difference? Posted: Is it better to take a traditional monthly pension payment or to take the money in a lump sum? Here are the facts to consider in making a decision. |
The 6 Best Peer-to-Peer Lending Websites Posted: Take a look at some of the most well-known and reputable peer-to-peer lending websites, their business models, and successes to date. This posting includes an audio/video/photo media file: Download Now |
Yield to Worst (YTW) Definition Posted: The yield to worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. |
What Is the Formula for Calculating Free Cash Flow? Posted: Free cash flow is the cash left over after a company pays for its operating expenses and capital expenditures. |
Posted: A widow maker is a trade or investment that can result in huge, possibly catastrophic losses or that results in losses for virtually everyone who makes it. This posting includes an audio/video/photo media file: Download Now |
How to Break Bad Trading Habits and Follow Your Rules Posted: It isn't making money on each trade that counts, but sticking to the rules of a trading plan that works. This posting includes an audio/video/photo media file: Download Now |
Korea Stock Exchange (KRX) Definition Posted: The Korea Stock Exchange is a division of the much larger Korea Exchange (KRX) that includes a stock exchange, futures market, and stock market. |
What Can Policymakers Do to Decrease Cyclical Unemployment? Posted: Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand. This posting includes an audio/video/photo media file: Download Now |
Posted: Consumer debt consists of personal debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. |
The 6 Biggest Hedge Fund Failures Posted: Learn about major hedge funds failures including the Madoff investment scandal and insider trading cases at SAC Capital, LTCM, and the Galleon Group. This posting includes an audio/video/photo media file: Download Now |
Posted: A home warranty may sound like a great form of protection against expensive, unforeseen home repairs. But is it worth it? This posting includes an audio/video/photo media file: Download Now |
Posted: Regulation SHO is an SEC regulation that updated policies that govern short sale practices. This posting includes an audio/video/photo media file: Download Now |
Offshore Banking Isn’t Illegal, But Hiding It Is Posted: If you want to put your money into an offshore account, go ahead. But be aware that it won't be exempt from taxes. This posting includes an audio/video/photo media file: Download Now |
Top Marijuana Stocks on the NASDAQ for March 2020 Posted: These are the NASDAQ-listed marijuana stocks with the best value, fastest growth, and most momentum for March. |
The $200 Million House: What It Really Costs Posted: The home of financier Gary Winnick was listed in October 2019 at a price of $225 million, the highest sale price of a residence in the United States. But what is the real cost of owning such a property? |
Pharmacy Benefit Management Industry Definition Posted: PBMs, acting as third-party administrators and negotiators, are essential facilitators in transactions between all moving parts of the healthcare industry. |
Posted: Analyzing a hedge fund will help you determine whether it's a good investment and a good fit. This posting includes an audio/video/photo media file: Download Now |
Evaluating Hedge Fund Risk & Performance Posted: Most are aware of hedge funds, but many don't know the dirty details of this investment type. This posting includes an audio/video/photo media file: Download Now |
Is Argentina a Socialist Country? Posted: Find out why Argentina is not strictly a socialist country although the South American nation has many socialist tendencies. This posting includes an audio/video/photo media file: Download Now |
The Economics Of Owning A Tesla Car Posted: The Tesla Model S is a strong economic choice for today's consumers, but the price and cache demand a second look at the costs (and returns) of owning one. |
7 Steps to Selling Your Small Business Posted: Selling your small business is often a complex venture. These seven considerations can help you build a solid plan for profit and lead to success. This posting includes an audio/video/photo media file: Download Now |
Posted: An installment loan is repaid in regularly scheduled payments. Here's what you need to know before taking one out. This posting includes an audio/video/photo media file: Download Now |
Posted: The ability to repay describes an individual's financial capacity to make good on a debt, potentially qualifying them for a mortgage or other loan. This posting includes an audio/video/photo media file: Download Now |
Top Utilities Stocks for March 2020 Posted: These are the utilities stocks with the best value, fastest growth, and most momentum for March. This posting includes an audio/video/photo media file: Download Now |
10 Steps to a Career in Hedge Funds Posted: It's not easy landing your first job in the challenging world of hedge funds. Here are 10 steps to get you there. This posting includes an audio/video/photo media file: Download Now |
Top Bachelor's Degree for a Hedge Fund Career Posted: From economics to statistical analysis, certain bachelor's degrees make graduates more qualified for landing highly sought hedge fund jobs. This posting includes an audio/video/photo media file: Download Now |
How to Use Volume to Improve Your Trading Posted: Volume is a simple yet powerful way for traders and investors and traders to increase profits and minimize risks. |
Common Scams Targeted At Teens Posted: Teens should be aware of these scams, which include scholarship frauds and fraudulent investments. This posting includes an audio/video/photo media file: Download Now |
The Top 5 Disney Individual Shareholders (DIS) Posted: Since 1923, the top individual shareholders of The Walt Disney Company have changed hands many times. In 2019 there are five major shareholders. This posting includes an audio/video/photo media file: Download Now |
Posted: Two and Twenty is a typical fee structure that includes a management fee and a performance fee and is typically charged by hedge fund managers. This posting includes an audio/video/photo media file: Download Now |
20 Ways To Save On Medical Bills Posted: Handy tips to cut the cost of hospital bills, co-pays, prescription drugs and more. |
Money Market Fund vs. Savings Account: What’s the Difference? Posted: A good alternative to a traditional savings account is a money market mutual fund. It's easy, relatively safe, and has better returns. This posting includes an audio/video/photo media file: Download Now |
Retrospectively Rated Insurance Definition Posted: Retrospectively rated insurance is a policy with a premium that adjusts based on the losses experienced by the insured during the current policy period. This posting includes an audio/video/photo media file: Download Now |
Children’s Health Insurance Program (CHIP) Definition Posted: CHIP provides medical coverage to children under age 19 whose parents earn too much income to qualify for Medicaid but can't afford private insurance. |
Adverse Credit History Defined Posted: An adverse credit history refers to one with a low credit score and is considered a high risk to lenders. This posting includes an audio/video/photo media file: Download Now |
Forget Bitcoin: Blockchain is the Future Posted: Blockchain is the technology that undergirds the cryptocurrency world, but itspotential uses extend much farther. This posting includes an audio/video/photo media file: Download Now |
Posted: Personal use property is used for one's own enjoyment and not for business or investment. |
Top Communications Stocks for March 2020 Posted: These are the communications stocks with the best value, fastest growth, and most momentum for March. This posting includes an audio/video/photo media file: Download Now |
Top Tech Stocks for March 2020 Posted: These are the tech stocks with the best value, fastest growth, and most momentum for March. This posting includes an audio/video/photo media file: Download Now |
Posted: A debt collector recovers past-due debts for creditors in return for a fee. This posting includes an audio/video/photo media file: Download Now |
Posted: Bioinformatics uses computers and advanced software to interface with molecular biological information. This posting includes an audio/video/photo media file: Download Now |
Posted: A smart home is a home setup where internet-enabled appliances and devices can be automatically controlled remotely using a networked device. This posting includes an audio/video/photo media file: Download Now |
Top Health Care Stocks for March 2020 Posted: These are the health care stocks with the best value, fastest growth, and most momentum for March. This posting includes an audio/video/photo media file: Download Now |
Posted: A unitholder is an investor who owns one or more units in an investment trust or MLP. A unit is equivalent to a share or piece of interest. This posting includes an audio/video/photo media file: Download Now |
Posted: A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, which is overseen by a professional money manager. |
How to Write a Check in 5 Easy Steps Posted: For those of you who are new to check writing, here is a step-by-step guide on how to fill one out. This posting includes an audio/video/photo media file: Download Now |
Build a Model Portfolio with Style Investing Posted: Style investing is a sophisticated approach that will add flair to your returns. |
How to Build A Forex Trading Model Posted: Forex trading markets work 24/7, providing ample opportunities to make profitable trades. How can you build a profitable forex trading model for yourself? This posting includes an audio/video/photo media file: Download Now |
Conglomerates: Cash Cows or Corporate Chaos? Posted: Huge companies may not be as infallible as previously assumed. Find out why bigger isn't always better. This posting includes an audio/video/photo media file: Download Now |
Posted: A soft fork is a change to the software protocol where only previously valid blocks/transactions are made invalid. This posting includes an audio/video/photo media file: Download Now |
Posted: A declining industry is an industry where growth is either negative or is not growing at the broader rate of economic growth. |
Private Activity Bond (PAB) Definition Posted: Private activity bonds are tax-exempt bonds issued by local or state governments to provide special financing benefits for qualified projects. This posting includes an audio/video/photo media file: Download Now |
Posted: Subprime is a classification of borrowers with tarnished or limited credit history. Subprime loans carry higher credit risk, so higher interest rates. This posting includes an audio/video/photo media file: Download Now |
Posted: Do you think you have what it takes to be a chief executive? Discover what those at the top of the corporate ladder have in common. This posting includes an audio/video/photo media file: Download Now |
Who Are Procter & Gamble's Main Competitors? Posted: Learn about Procter & Gamble's major competitors in each of its revenue segments, including fabric care, home care, hair, and personal care. This posting includes an audio/video/photo media file: Download Now |
Posted: A charging order is a lien imposed on the distributions of a limited partnership (LP) or limited liability corporation (LLC) so a creditor can recoup money owed. This posting includes an audio/video/photo media file: Download Now |
Posted: Cleared funds are the money available in an account that can be used immediately since it has completely transferred to the user's account. This posting includes an audio/video/photo media file: Download Now |
What Is Total Housing Expense? Posted: Total housing expense is the sum of a homeowner's monthly mortgage principal and interest payments plus any other expenses associated with their home. This posting includes an audio/video/photo media file: Download Now |
Curve Steepener Trade Definition Posted: A curve steepener trade uses derivatives to profit from rising yield differences due to yield curve increases between T-bonds of differing maturities. This posting includes an audio/video/photo media file: Download Now |
Posted: The Andersen effect is a reference to auditors performing more careful due diligence when auditing companies in order to prevent accounting errors. This posting includes an audio/video/photo media file: Download Now |
Credit Karma Doesn't Hurt Your Credit Score, and Here's Why Posted: Credit Karma is a popular option for checking credit histories for free, and it doesn't hurt your credit score. This posting includes an audio/video/photo media file: Download Now |
Posted: A gatekeeper refers to requirements that must be met before qualifying for a long-term care plan or to an individual who oversees an HMO. This posting includes an audio/video/photo media file: Download Now |
Posted: Deferred interest loans postpone interest payments for a period of time and can either be extremely costly if not paid off or a way to save money. This posting includes an audio/video/photo media file: Download Now |
What price-to-earnings ratio is average in the utilities sector? Posted: Explore the utilities sector, and discover how it compares to other market sectors when evaluated using the popular price-to-earnings ratio. This posting includes an audio/video/photo media file: Download Now |
9 Biggest Chinese Mining Companies Posted: China is a major player in the mining industry, supplying a huge portion of metal and coal to the global economy. This posting includes an audio/video/photo media file: Download Now |
Posted: The deferment period is an agreed-upon time during which a borrower does not have to pay interest or principal on a loan, such as with a student loan. This posting includes an audio/video/photo media file: Download Now |
Posted: Gentrification refers to the transformation of a city neighborhood from low to high value, often leading to the displacement of its previous occupants. This posting includes an audio/video/photo media file: Download Now |
An Introduction to Small Cap Investing Posted: Get an introduction to small cap stocks, and learn why bigger is not always better for investors. This posting includes an audio/video/photo media file: Download Now |
Posted: SEC Schedule 13E-3 is a schedule that a publicly traded company or an affiliate must file with the Securities and Exchange Commission (SEC) when that company "becomes private." This posting includes an audio/video/photo media file: Download Now |
You are subscribed to email updates from rss_headline. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
economic news of india - world economic news - economics news for students - indian economy news
Posted: 29 Feb 2020 08:26 PM PST
economic news of india - world economic news - economics news for students - indian economy news |
- Is the new I-T dispute settlement scheme attractive enough?
- How Indian varsities can become Harvard-like
- Delhi riot victims stare at an uncertain future
- Borrowed joy: Decoding the digital credit boom of India
- Apollo Hospitals gears up for its next phase of growth
- Three-day bank strike from March 11 deferred
- Nifty unlikely to go back to 12,000 for a long time: Gautam Shah
- Gold in for dream run as virus raises demand for safe haven
Is the new I-T dispute settlement scheme attractive enough? Posted: The government's November 2016 decision to ban certain currency notes had come as a shock to people with unaccounted wealth. It helped the income tax (I-T) department identify and go after high-value bank depositors. That led to a lot of tax disputes as the depositors contested the department's claims. Now, some of them who were served tax notices — and in some cases faced income tax (I-T) department's surveys and raids before getting tax demands — may find a remedy in a government scheme, Vivad Se Vishwas.The distinctive feature of the new tax disclosure scheme, which Finance Minister Nirmala Sitharaman announced in her budget speech on February 1, is that it promises to wipe off the stigma that usually follows an I-T notice or raid. The legislation has been designed as a dispute resolution scheme rather than a pure amnesty tool, where concessions are usually linked to voluntary disclosure of hidden assets. The fine print of the legislation, however, will be known only after the law gets notified.MC Joshi, former chairman, CBDT, "People who did sham transactions in penny stocks will use this new scheme. Many of the post-demonetisation cases, now at the appellate stage, may also get settled. Boards of major listed companies that are answerable to their shareholders may not join the bandwagon.The Direct Tax Vivad Se Vishwas Bill 2020 was tabled in Lok Sabha in February and is likely to be passed after Parliament reconvenes on March 2. It targets to bring down the 4.83 lakh direct tax disputes pending in various appellate forums, including courts, involving Rs 9.32 lakh crore, which translates to about 5% of India's gross domestic product (GDP).TAX TUSSLEAmount under dispute (in Rs crore) as on Sep 30, 2019OVER 1 YEAR BUT LESS THAN 2 YEARS 638,432 (3.4% OF GDP)OVER 2 YEARS BUT LESS THAN 5 YEARS 312,655 (1.6% OF GDP)OVER 10 YEARS 14,180 -0.1% OF GDPOVER 5 YEARS BUT LESS THAN 10 YEARS- 31,526 (0.2 PER CENT OF GDP)Note: Nominal GDP 2018-19 Source: Standing committee on finance, demand for grants 2019-20, second report The scheme also aims to mop up some tax revenue, as the government expects direct tax collection to fall short of the target of Rs 13.35 lakh crore for the current financial year.Tax Revenue The new scheme gives amnesty to those are who willing to settle their cases before March 31 by paying the I-T department's tax claim. It also gives full waiver on interests and penalties. Those availing the scheme between April and June will have to cough up 10% extra on the disputed tax.Tax experts and retired income-tax officials say none of the big corporate houses are likely to be attracted towards the scheme. So it remains a window to settle post-demonetisation I-T cases, disputes over penny stocks involving sham transactions and the cases connected to shell companies, just to name a few. 74419791 Sudhir Kapadia, national tax leader, EY "New Vivad Se Vishwas is a well-designed scheme with no stigma attached to those who are willing to settle cases. But it will make sense only for smaller companies and those individuals who are under scanner for depositing cash after demonetisation. Big corporates are unlikely to come forward""The boards of major listed companies, which are answerable to their shareholders, may not agree to the scheme," says MC Joshi, former chairman of the Central Board of Direct Taxes (CBDT), hinting that the scheme is unlikely to be a runaway hit in mopping up substantial revenue. He points out that cases related to demonetisation, most of which are at the first stage of appeal at the Commissioner of Income Tax (Appeals), and penny stocks could be resolved through this scheme.AFTER NOTE BAN Between November 2016, when demonetisation was announced, and March 2017, when the financial year ended - Source- Finance Ministry900- No. of searches by I-T departmentRs 636- Cash seizure during the searchesRs 6,745- Undisclosed amount detected during I-T department's 8,239 surveys17.92 LAKH- No. of queries sent via email, SMS, etc, to high-value depositors immediately after note ban 3.78LAKH- No of cases finally pursued by I-T officials; verification was closed for cases where deposits were disclosed under Pradhan Mantri Garib Kalyan YojanaThe CBDT is dealing with several cases related to tax evasion through bogus capital gains or loss claims in penny stock transactions.Sudhir Kapadia, national tax leader at EY, says there has to be more sweeteners to position the Vivad Se Vishwas scheme as an attractive proposition. However, the scheme is well-designed to wipe away the stigma attached with I-T cases. 74419874 "But it will make sense only for smaller companies and individuals who are under the scanner for depositing cash after demonetisation," he adds.Kapadia has a reason to make this argument. Bigger companies usually have multiple cases with the Income Tax department at any given point. This scheme allows resolution only if a company is willing to settle all the cases relating to a period. 74419971 R Prasad, former chairman, CBDT, "To my mind, the depositors of big amount of cash after demonetisation are unlikely to settle their disputes unless they are on a weak ground. For example, some unscrupulous jewellers did wrongdoings on demonetisation days. But honest jewellers are also in trouble now.For example, if a company is dealing with five claims by the I-T department, and its lawyers are almost certain of winning three cases, it is unlikely that the board will give a go-ahead to close all the cases and pay the taxes claimed. But under Vivad Se Vishwas, the company would have to settle all the five cases or none at all.WHAT IS VIVAD SE VISHWAS?*The Direct Tax Vivad Se Vishwas Bill 2020 was introduced in Lok Sabha in February after the scheme was announced in the Budget*It seeks to resolve direct tax dispute cases pending before various appellate forums — commissioner (appeals), ITATs, high courts and the Supreme Court*Those willing to settle the cases before March 31 may just need to pay the taxes and secure a full waiver on interests and penalties*The scheme is supposed to remain open till June 30, but those availing it after March 31 need to pay extra*The bill is likely to be passed in the first week of March when Parliament reconvenesEY had recently written to the revenue department urging some flexibility in the scheme so that companies can settle at least some of the pending issues. It also requested the government to offer up to 50% benefit in the tax claims instead of 100%.Last year, the government rolled out Sabka Vishwas, a scheme to settle pending disputes related to indirect taxes. That scheme, which offered complete waiver on interest and penalty and provided immunity from prosecution, was billed a success after the government managed to mop up Rs 39,000 crore. The scheme allowed cases to be settled after payment of 50% of the disputed amount, against 100% in the latest scheme. 74419929 Note: % of total appeals; CIT(A) is Commissioner of Income-Tax (Appeals); Income Tax Appellate Tribunal Source: Government's response in Rajya Sabha; July 23, 2019.In the direct tax segment, a voluntary income tax disclosure scheme of 1997 had earned the government Rs 9,729 crore. It was considered one of the most successful schemes.The Vivad Se Vishwas direct tax scheme, on the other hand, gives a waiver to only interest and penalties, raising questions if it would be seen as being attractive enough. Understandably, the highest chunk of appeals in direct tax, almost 70% of the 4.83 lakh disputed cases, are at the first stage of appeal — the Commissioner of Income Tax (Appeals) — according to 2018-19 data released by the government last July in a response to a question in the Rajya Sabha.Usually, it takes two to three years to resolve such a case. After a verdict, the affected party can appeal to the Income Tax Appellate Tribunal (ITAT) where 92,205 cases — roughly one out of five disputed cases — were pending till March 31, 2019. A litigation in ITAT may typically take a couple of more years. If a company or an individual is unhappy with the ITAT order, an appeal can be filed in a high court and subsequently in the Supreme Court.Usually, I-T disputes involving individuals are resolved at the ITAT unless there is a dispute regarding the interpretation of the law. Besides, arguing a case in a high court or the Supreme Court is expensive. So cases reach this stage only if the stakes are high.As on March 31, 2019, as many as 43,244 direct tax cases, or 8.9% of the total, were being heard by various high courts. As many as 6,188 cases were with the Supreme Court. In terms of tax demands under dispute, cases involving Rs 6.4 lakh crore, or 3.4% of GDP, have been under litigation for 1-2 years. Cases involving Rs 3.12 lakh crore, or 1.6% of GDP, have been under litigation for 2-5 years.The CBDT has not disclosed how many tax disputes are rooted in demonetisation, when the government declared invalid all 500 and 1,000 rupee notes in circulation then. Citizens were given about two months to deposit these invalid currency notes in their bank accounts.Immediately after the deadline ended, on December 31, 2016, the tax authority issued 17.92 lakh notices, some even in the form of SMSes, to those who were believed to have done some suspicious transactions right after demonetisation. Later, the CBDT narrowed their focus to 3.78 lakh cases — mostly involving deposits of Rs 5 lakh or above.The government said the verification process would be closed for cases where deposits have been disclosed under the Pradhan Mantri Garib Kalyan Yojana 2016. The scheme gave amnesty to persons who declare unaccounted wealth and paid a fine of 50% of the undisclosed amount. This scheme fetched the government just Rs 4,900 crore.The tax sleuths, in the meantime, stepped up pressure on some companies and individuals, especially jewellers and people with large real estate holdings. The I-T department conducted thousands of surveys and searches to locate black money. Between November 2016 and March 2017, searches were conducted at 900 companies leading to cash seizure of Rs 636 crore. Additionally, Rs 6,745 crore of undisclosed amount was detected during the department's 8,239 surveys, according to government data.According to the I-T Act, sleuths can either survey or search a place for undisclosed wealth. In layman's terms, these operations are usually called a raid.By the beginning of 2019, the tax authority had realised that as many as 87,000 of their demonetisation-related notices were being ignored. The entities named in these notices hadn't paid taxes or filed returns, says a tax official on condition of anonymity. Many jewellers had seen bumper sales in the days immediately after demonetisation as people rushed to buy gold, considered a safe haven investment.The I-T department found that most of the jewellery sales during this period happened on November 6 and 7, a day before demonetisation was announced. This led tax officers to suspect that the jewellers prepared backdated invoices to cover up the purchases made after the note ban using black money.The I-T department sent notices to these jewellers. However, these people moved the CIT (appeal), the officer adds. The CBDT even extended the deadline for assessing officers to close demonetisation cases to December 31, 2019.Matter of Trust The government now hopes that a large number of individuals who are contesting the post-demonetisation notices may choose vishwas (trust) over vivad (dispute). Tax experts say this assumption could be right.But the I-T department must not expect a windfall collection. "To my mind, the depositors of big amounts of cash after demonetisation are unlikely to settle their disputes unless they are on a weak ground. Some unscrupulous jewellers might have conduced illegal trades after demonetisation. But honest jewellers are also haunted by a possible I-T nightmare," says R Prasad, a former CBDT chairman.The silver lining is that the scheme is designed as a dispute settlement mechanism and not one crafted to chase hoarders of black money. It remains to be seen if businessmen will trust the I-T department to settle their disputes. |
How Indian varsities can become Harvard-like Posted: Scientists in India need to inculcate a higher level of ambition to improve research and education, chemistry Nobel laureate Venkatraman Ramakrishnan told ET Magazine while on a visit to Delhi last month. "Just investing in infrastructure isn't enough. Scientists in China, for example, have big ambitions. They are interested in competing with the best in the West," he said.Though India has some globally reputed universities, none of these has reached anywhere near the stature of the famous institutes of higher learning in the US and Europe. This even as universities from China are becoming standard fixtures on world university rankings.The UK-based Times Higher Education (THE) World University Rankings 2020, which covers 1,400 universities across 92 countries, showed that Mainland China now has three on the top 100 list. "The country's universities have continued to expand their influence & presence on the world stage," it said. 74418863 India has not been able to place any institute within the top 100. "It is the first time that an Indian university has not featured in the top 300 of the ranking since 2012, when just a single institution from the country, the Indian Institute of Technology Bombay, was ranked," THE said.The first Indian name on the 2020 list was IISc-Bangalore — ranked at 301-350, down from 251-300 earlier. The range indicates multiple universities are placed in the same rank. For example, 301-350 means 49 institutions are ranked at 301 and the next institution on the list will be ranked at 351. THE said the decline in the ranking was "due to a significant fall in IISc's research citation impact score offsetting improvements in research environment, teaching environment and industry income".However, there was a beacon of hope for the country. IIT-Ropar debuted on the list at 301-350. How did an Indian Institute of Technology set up only in 2008 make it to the list? "We set out with a strategic plan to achieve the ranking, with the help of IIM-Kolkata," says the director of IIT-Ropar, Sarit Das. It focused on quality research to achieve 100% on the research citation parameter and hired faculty from universities in Chicago, Boston and Singapore, among others. "We also made huge resources available for them to set up labs and other infrastructure for research," Das adds.This shows that Indian universities can score high if there is a sustained and determined effort to make improvements in parameters such as hiring more international faculty, investing in research facilities and improving student-faculty ratio. Poor rankings also impede the Study in India programme, which aims to attract global students. A good score makes it easier for an institute to enter into a partnership with a global one. "We use data analytics and rankings to decide which university is a good fit for us to partner with," said Jenny Dixon, deputy vicechancellor (strategic engagement), at the University of Auckland, while in Delhi for a workshop in February.Top Indian institutions have started to understand that international rankings are not a conspiracy to downgrade India but a way to provide them with a global footing, says Ashwin Fernandes, regional director (MENA and South Asia) of Quacquarelli Symonds, a London-based organisation that puts out an annual university ranking. "The ministry of human resource development, especially minister Ramesh Pokhriyal, is paving the way for several initiatives to improve the global branding of institutions. We will soon see an Indian institute in the top 100," Fernandes says.MARKING PARAMETERS 74418912 74418921 The rise of Chinese universities has made rankings all the more important, says Kanika T Bhal, dean-planning at IITDelhi. "We're prioritising steps that will help improve our ranking," says Bhal, explaining that the IIT has improved its student-faculty ratio and hired more international staff. "Last year, we improved our score on the rankings put out by every agency except QS World. So we must be getting it right on the ranking metrics."Even the ministry of human resource development & the University Grants Commission have realised the importance of rankings. They have tagged 10 public and 10 private institutes that can emerge as world-class teaching and research centres as Institutions of Eminence. "Indian institutions were sceptical and dismissive of rankings earlier. But now the thinking has changed," says C Raj Kumar, vice-chancellor of the Sonipat-based OP Jindal Global University ( JGU), which has found a place in Indian and global rankings. JGU, which was set up in 2009, set up a dedicated office two years ago to understand ranking methodologies.In fact, several new universities are making the necessary changes required to get a good ranking. "Our focus has been to improve research credentials and have tie-ups with foreign universities for internships, research and faculty development programmes," says Sachin Jain, president of Bennett University. (Bennett University is a part of the Times Group, which publishes The ET Magazine.)Ashoka University, founded in 2014, says its 150 faculty members are engaged in teaching and doing cutting-edge research. Though the university has not participated in any ranking process, vicechancellor Malabika Sarkar says getting a good global score is a long-term goal. "When Ashoka does participate in rankings, these factors will definitely enhance the university's performance," she adds. It is time for universities to learn a lesson or two. |
Delhi riot victims stare at an uncertain future Posted: Gali No. 4 of Khajuri Khas Extension in Northeast Delhi is charred to the bone. Mukeem, a middle-aged owner of a furniture store, is searching through the debris of a building that was both his home and shop. He claims he has lost properties worth Rs 1 crore. Sarkari muaavaza (official compensation), whatever be the amount, would mean nothing, he says, considering the damage he and his family have suffered. "My home and warehouse were first looted and then set on fire," he says, adding that the attack was wellplanned, with many carrying cutting tools and keys to break open doors and shutters. He now stays with his relatives in nearby Chandu Nagar, with no clue of what lies ahead.It is a week since riots spread across Northeast Delhi — the worst the capital has seen since the anti-Sikh pogrom of 1984 — and what is left are frightened people, burnt-down lanes, abandoned homes, an uneasy calm and an uncertain future. Mohammed Asad, a student, leads us to the home of his uncle, Mehboob, who rents out space in his covered parking lot. All 23 vehicles parked there, including two auto-rickshaws & Asad's Royal Enfield bike, are reduced to a mangled heap of metal. "I had paid only three instalments of my bike. What remains is the iron relic of my pride," says Asad. 74420070 Their homes burnt down and papers lost, many residents fear they would face difficulties in claiming insurance. ET Magazine counted at least 20 charred houses in the single by-lane of Khajuri Khas Extension where Mukeem and Mehboob live. Saira Bano, holding her three-month-old daughter Anisha, weeps as she says, "As our house was burning, there was no way we could take the stairs. From the fourth floor, we dropped our child into the hands of someone on the second floor. From the second floor, we again dropped her to someone on the ground floor. Then we ran for our lives."Many had escaped by the skin of their teeth. "We saw the rioters coming. So we shut our shop and went upstairs. But the rioters broke open the shutter and set everything on fire," recalls Mohammed Jamid, who runs a bakery at Chand Bagh with 12 other family members, including his sons and daughters-in-law. What remain are sooty walls and burnt remains of the machines and the display counter. He estimates the losses of his movable assets to be about Rs 12 lakh. 74420078 In Chand Bagh, one of the violence-hit neighbourhoods, several shops and homes are burnt and by-lanes are strewn with ashes and debris.Sunder Lal has opened his grocery shop after a week. So has Sujan Singh. Sundar, 65, says he saw rioters burning one shop after the other in just two hours on Tuesday evening. He points towards the shops — Sasaar Sweet House, Jain grocery shop, a Vaishnav dhaba and Bunny ice cream shop.In nearby Maujpur, SK Sharma is reading his morning newspaper outside his fodder shop. "If Muslims have lost their homes, so have Hindus. It is time to count our losses and get back to work," he says. Everyone, Hindu and Muslim, has a harrowing story to share. It also often reveals the mistrust and divide between the two communities.A few Hindus in Chand Bagh allege they saw councillor Tahir Hussain, who has recently been expelled from the Aam Aadmi Party, pelting petrol bomb and acid from his multi-storey building, while some Muslim residents claim he is a saviour. 74420092 "I lost the keys of my sweet shop on Monday when rioters came to our area and wreaked havoc," says Sujan Singh, pointing towards Hussain's home. But Singh says it's now time to leave behind the horror and return to business.Agrees Muhammed Sabit, a Muslim manager at Khullar Tempo Transport Service, owned by a Hindu: "Both sides have suffered. Had police been deployed on time, I feel the losses would have been bare minimum." He was the first to open his shop on the main Bhajanpura road on Saturday morning.They are trying to pick up the pieces and piece together their lives. But the wounds are still raw and the losses have yet to be counted. |
Borrowed joy: Decoding the digital credit boom of India Posted: SK Basu, 67, and Santanu Basu, his 33-year-old son, live under the same roof. But they inhabit different worlds. The senior Basu, a Kolkata-based retired BSNL executive, has lived frugally, pinching pennies all his life to build two houses and educate his son. To him, a holiday means a short break in Puri, Odisha, on a shoe-string budget. The only loan he ever took was to build a house in 2002. He doesn't own a car and gets around on a bicycle or public transport.The junior Basu is cut from a different cloth. Founder of a gaming startup with 16 staffers and the backing of investors, he is an ace virtual gamer who leads an unapologetic "work hard, party harder" lifestyle. He has travelled to 50-odd countries and has four credit cards.Gaming consoles, gifts for his girlfriend and overseas holidays are big-ticket expenses. He draws Rs 45,000 salary from his startup, with periodic bonuses from game wins. His monthly credit card payments often add up to Rs 1 lakh. So, he revolves his credit. "On one I pay the entire outstanding. On others, I pay enough to avoid default," he says. Zero-cost equated monthly installments (EMIs) are a weakness. That's how he stretches his income. "I don't know how to save," he admits. He plans to invest in a house when he wins a big championship bonus next.The contrasting financial habits of the Basus are an example of what's playing out across the country — setting aside our traditional aversion to debt, young Indians are saving less and borrowing more, sometimes at exorbitant interest rates under terms that they don't fully understand, to fund a rosy lifestyle.But it's more than that. This generational shift in attitudes has intersected with a massive digital disruption in the business of lending, causing an expansion in capacity and a drop in costs, allowing companies to bring more and more people into the ambit of formal credit.Within this large trend, there are five discernible shifts. First, lending is moving online — a person in need of a loan today is far likelier to fill up a form on a website than walk into a bank branch. Second, a raft of fintech firms have sprung up, offering all kinds of convenience in accessing credit. Third, young consumers identify with their brand ethos, with a much more accessible feel and aura of transparency, rather than the imposing facades of traditional banks. Fourth, even as demand for secured loans — housing loan, loan against property, and so on — are on a decline, unsecured credit, such as credit cards and personal loans with high rates of interest, is booming. And, fifth, demand for credit is increasingly coming from non-metro cities and towns."At a very macro level, our economy is moving away from high savings-low leverage to low savings-high leverage (at the household level)," says Sunil Sinha, principal economist, India Ratings.The shift is geographic, too. "The biggest growth is coming from millennials and non-metro consumers," says Anand Parameswaran, executive vice-president, Insights Division, Kantar. Between 2016 and 2018, the number of millennials availing a new credit card or loan grew by 58%, compared with 14% for non-millennials, says TransUnion CIBIL, a credit information company. A syndicated Kantar Banking study reveals that credit card penetration in non-metros is growing faster — 12% as against 4% in metro cities in 2019.Data from CIBIL shows that while growth in new accounts in secured categories such as home loan (-13% in Q3 2019 over Q3 2018) and auto loans (-1%) is turning negative, unsecured categories such as personal loans (133%) and credit cards (21%) have been surging. Banks have been preferring to make retail advances rather than corporate and industrial loans as bad loans in those sectors mounted. In December, the Reserve Bank of India (RBI) cautioned banks against the trend, asking them to offset risk concentration (growth has begun to soften in this segment now). This has happened even as an estimated 2,000 fintech startups and some 300 digital lenders are stepping on the gas. Credit Vidya, a startup that assesses credit-worthiness using the digital footprint of customers says it has seen quarterly enquiries from banking institutions quadruple from 5 million to 20 million in the last two years.Deepening footprint of digital transactions — from digital payments to GST — and advanced tech mean most of the work in assessing the risk in a loan can now be done by an algorithm. "Using data, our artificial intelligence-machine learning-led algorithms can impute with a fair amount of confidence a customer's credit worthiness, her intent and future behaviour. It has improved our ability to assess credit risk in less time and cost, thanks to lowering computation costs," says Anup Bagchi, executive director, ICICI Bank.Credit bureaus such as CIBIL and Experia maintain customers' credit scores, enabling, in many instances, pre-vetted instant loans. "Digitisation has broad-based credit. Despite the big growth, delinquency has barely increased. Credit information is helping lenders vet customers and manage risks well," says Harshala Chandorkar, COO, TransUnion CIBIL. 74420492 74420499 74420505 74420509 74420522 74420529 74420533 74420540 The EnablersCredit these days is available just about anywhere. A trio comprising lenders (shadow banks, digital lenders, fintech players), shopping websites and businesses (sellers of both products and services) are coming together to offer attractive credit schemes and stoke consumer demand at just about any point of purchase, whether online or brick-and-mortar. Zero-cost EMI is their trump card. "For consumers, credit has been recast as savings. Zero-cost EMIs have not just normalised credit but also made consumption today on tomorrow's income feel more rational," says Santosh Desai, CEO, Future Brands. Often, manufacturers whose goods are being sold absorb the interest cost of such offers as part of their marketing expenses. "Breaking down a large payment into smaller chunks makes it easier and hassle-free for customers," says Gaurav Sharma, founder of new-age bank Atlantis.Traditional NBFCs such as IIFL, focused on secured lending, are partnering with startups such as Paycent, KrazyBee and Byju's, to grow the unsecured portfolio. (Byju's, an edtech startup, extends small loans to help consumers pay for their products.) "Our digital business, now at 5%, is growing at a faster clip," says Sumit Bali, CEO, IIFL.Fintech startup CASHe offers short-term credit of 2-to-12 months. CEO Ketan Patel says it uses a combination of a customer's credit scores, digital footprint and insights from social media accounts to vet them. Every month, he extends 20,000 new loans with an average ticket size of Rs 40,000 and average tenure of four months. About 95% of his customers are 24-34 years old.Even as lenders are dealing with customers who are new to credit altogether, help has arrived in the form of new-age credit bureaus, such as the startup Credit Vidya. "For people with no credit scores, we help create an alternative one and help them take loans," says Abhishek Aggarwal, cofounder. They scan customers' digital footprint using AI and data analytics to vet creditworthiness. With smaller loans and shorter credit cycles, "these startups are able to understand behavioural patterns within a shorter timeframe," says Vivek Belgavi, partner (fintech leader), PWC India. 74420599 74420604 74420608 Shopping websites are by far the biggest cheerleaders. Amazon offers EMI schemes from 25 lending partners, and three of every four customers of large appliances use it. Vikas Bansal, director, emerging payments, Amazon Pay, says: "Zero-cost EMI is used frequently and has grown five-fold in two years." Flipkart Pay Later scheme allows buyers to pay by the 10th of next month at no extra cost. Flipkart's Cardless Credit offers Rs 1 lakh credit to shop for large ticket items. "These offerings make online payments easy, affordable and expand access to tier-2 and -3 markets," says a Flipkart spokesperson. MakeMyTrip offers zero-cost-EMI travel plans with products such as TripMoney targeted at international travellers. "EMIs help make travel affordable. We have seen that customer spend increases 2x under zero-cost EMI plans," says Rajesh Magow, group CEO, MakeMyTrip.Macro RipplesThis retail credit growth has larger implications for the economy. "These are structural shifts. We will see access to credit and financial inclusion go up," says DK Joshi, chief economist, CRISIL. At a time when consumer demand is weak, retail credit has helped. It also has an impact on India's household savings rate, which is coming down. With insufficient domestic savings, India will have to lean on foreign funds to finance investment, says Joshi.India's rising household debt and lowering savings rate must be seen in a global context. "India's household debt is at its highest. But in other economies, it is way higher. We have barely entered double digits," says Sinha of India Ratings. As per IMF data, household debt for China and the US stands at 54% and 76% of the GDP, respectively. India's is at 11%.Jahangir Aziz, head, emerging market economics at JP Morgan, makes two important points. "In recent times, household credit has risen while it has declined for the industry. Granular data is unavailable but I have a feeling consumer loan at least partly is disguised loan to MSMEs." Two, he feels that Indian policymakers should rethink being so concerned about lowering savings rate and retail credit expansion. "I don't agree that savings is good and consumption is bad," he says.Lending in India, from being mostly collateral-based, is now seeing the rise of unsecured credit, with NBFCs and fintech firms leading the charge. A Kantar banking study reveals that credit card ownership and unsecured credit among 21-35-year-olds have jumped in the last three years. "Retail credit is good for the economy but it also runs the risk of bad loans rising," says Madan Sabnavis, chief economist, CARE Ratings. 74420649 74420656 Irrespective of what policymakers might want, expect retail credit boom to continue. "India is still a nascent and under-penetrated market with 230 million credit-eligible customers, 50 million credit cards and just 37 million consumers," says TR Ramachandran, group country manager, India and South Asia, Visa. "The biggest growth is in the 25-30 years age group," he says. Fintech startups, which issued 40% of all personal loans in the US in 2019, compared with just 28% by banks, will play a critical role. "In India, new digital credit is just 1%. Credit landscape is undergoing a revolution," says Sharma.Are We Ready?A big population of young people, with limited exposure to banking and credit are now being bombarded with mouth-watering deals, easy credit, benefits-packed credit cards and irresistible discounts. Things can go south pretty quickly.Like Chandigarh-based Tarun Gill, 25, who is new to the world of credit. "In my village in Punjab, people used to borrow from each other instead of a bank." Now, working for three years, he has a credit card with a credit limit of Rs 1.5 lakh. Last year, he ran up a bill of Rs 60,000 buying gifts for his girlfriend. "Till today, I have not been able to pay back. I have stopped using that credit card," he says. Meanwhile, interest accrued is rising sharply as he rolls over the credit, paying just the minimum. He hopes to settle the dues soon with his upcoming performance incentives.Mumbai-based Agnelo Rodriguez, 42, a private sector executive, knows how bad it can get. His love affair with credit cards began about eight years back and, at its peak, he held five cards. Free credit cards with no annual charges initially felt harmless. "I didn't bother to understand the charges fully," he says. Soon, his credit cards funded his impulsive expenses — shopping, birthday parties and large-ticket items such as a television set. "When the bill was huge, I would opt for the 'pay minimum' amount, not realising the kind of interest I was paying," he says. Once, he took out cash on his credit card to pay his home loan EMI. Soon, he found himself in a vicious debt trap, running up an outstanding amount of more than Rs 8 lakh, which was far beyond his means to pay. Somehow, with help from friends and family, he settled the dues two years ago. "I don't want to touch credit cards ever again," he says. Even zerocost EMIs don't tempt him. "Now I buy only if I have money in the bank. Instead of making it look so rosy, I wish somebody had educated me on the flipside of credit cards."Although very small right now, startups such as Creditbazzar, KrazyBee and Exceedcash offering payday loans are growing rapidly in India. These are ultra short-term (7 to 30 days), unsecured, app-based loans often offered within 60 minutes, at times at a hefty 1-1.5% interest rate per day (works out to annualised 365%-plus interest rate), against credit card's 2-3% on monthly basis for rolled-over credit. Reportedly, about Rs 400 crore is being disbursed by payday loan companies every month.Payday loans have been banned by many states in the US. China caps the interest rates but in India they remain unregulated. "Nobody talks about these things to the younger ones, either in school or at home," says financial educator Mrin Agarwal, founder, Finsafe India. Driven by current needs, many are on a credit-fuelled consumption spree, not thinking through eventualities such as layoffs, pay-cuts as well as health or family emergencies.In case of an unexpected eventuality, most Indians have little to cushion the impact. "Amid missing social security, our households' capacity to absorb economic shocks and remain creditworthy is limited. This will create challenges for consumers and also constrain future credit growth," says Sinha of India Ratings. Unlike mature countries with robust social security nets, in India, you are on your own or at the mercy of family or friends in the event of trouble. Says Desai: "Debt-led life can often spiral downwards. With low economic growth and fraying social cushion, consumers' ability to absorb shocks in difficult times will be limited. Debt distress will go up."Startups such as Cred, founded by Kunal Shah in 2018, are offering help by bringing in some transparency. Cred members, who have good credit history, get access to attractive offers and reward points. The app helps them keep track of their credit card spends, payment dues and charges accrued in one place while helping businesses access creditworthy customers.Meanwhile, in Kolkata, a generational war is raging between Das junior and senior. "I want to buy a car (on a loan). My father would not let me. He hasn't even bought a bicycle in his life. How do I convince him?" the son asks, in exasperation. |
Apollo Hospitals gears up for its next phase of growth Posted: CHENNAI: Among the last things you expect as you enter a radiation therapy room for cancer patients is personalised settings for ambient light and music. Depending on whether you select the Underwater, Sky or Jungle theme, the ambience turns to your liking, as you walk through a short, maze-like path, into the heart of the Apollo Proton Cancer Centre in Chennai — a sphere-shaped apparatus called a gantry that looks like a CT scan machine from the future.The relaxed ambience stands in contrast with the heavy duty technology at play in the room. The room is fortified with 13-20-feet-thick concrete walls to contain the radiation. Out of sight, behind the sphere, is an imposing equipment that stands three-storeys tall. The cyclotron, which looks like it belongs in a nuclear facility than a hospital, accelerates charged proton particles in a controlled fashion into the radiation bay, where therapists direct them to tumours with very high precision. Proponents of the technology claim that it is more precise and causes less tissue damage in adjacent areas, resulting in superior clinical outcomes.74419441 The swank, 150-bed advanced cancer facility, built at a cost of Rs 1,100 crore, is a testament to the ambitions and risk appetite of Apollo Hospitals Enterprise Ltd, India's largest hospital chain by beds, revenue and market capitalisation, and the unique family-led management at the helm, comprising of 88-year-old chairman Prathap Chandra Reddy and his four daughters. The proton centre was built at a time when there were concerns about the levels of debt the company was accumulating, as well as the promoter pledge of shares. But Reddy says he wouldn't flinch.He wanted the proton centre. The Reddys eventually decided to sell Apollo's insurance business, which helped them reduce the pledge and also enabled the company to pare its debt.Business Overview 74419450 74419455 Note: Beds, hospitals and pharmacies as of December 31, 2019. *Includes multi-specialty clinics, diagnostic, diabetes and fertility centres, among othersSource: Company, Stewart & Mackeritch Wealth ManagementThe heavy investments it made in the last few years, including the proton centre (launched early 2019) and India's first robotassisted cardiac surgery unit in Bengaluru (launched December 2019), appears to have won the approval of investors. The company's stock has been climbing, hitting an alltime high of Rs 1,800 on February 20. 74419478 In a difficult business that demands adroit balancing of the needs of the clinical side with the realities of the business side, Apollo, which pioneered private hospitals in India, now appears to have cast aside the debt overhang, and is now embarking on a new phase, with focus on consolidating its leadership position, growing its nascent online pharmacy business and using technology and preventive healthcare to help stem the growing burden of non-communicable diseases on India.The Proton BetThe claimed benefits notwithstanding, the expensive proton technology is a risky bet. As many floundering facilities in the US have discovered, it is hard to fill such hospitals with patients with the ability to pay, and also to convince insurers to cover the cost of proton treatment. 74419577 But Apollo has some advantages. Its catchment area is not just India, where cancer cases are burgeoning. There isn't another proton facility in South Asia, West Asia or Southeast Asia. Australia doesn't have one either. The centre's first patient, when it opened its doors early last year, was from Sydney. Most existing facilities are in Japan, the US and Europe. There are some 90 such facilities in the world.A recent study by the University of Pennsylvania found that proton therapy reduced the risk of serious side effects by two-thirds relative to photon treatment. But because the advancements in the technology have been rapid, there are no long-term studies establishing its superiority in clinical outcomes over the conventional treatment. But there are enough doctors who want the technology for their patients. In India, five private insurers and a group of state-owned insurers cover the cost of proton therapy. But proton therapy is not cheap, costing Rs 25-30 lakh on average per treatment. 74419586 Apollo has treated around 160 patients with proton therapy, according to Preetha Reddy, the company's executive vice chairperson. "It is now a proven standard of care. When we took that risk, we were like, we know it's good, our clinicians are saying it's good, but is there data to prove that this is the best standard of care? Now it's all there." Was it not a risk then to make such a big bet on the centre? "If you call it a gamble, then for the chairman to come back from the US, where he had a phenomenal practice and where he could have lived quite comfortably, to start Apollo was (also) a gamble," Preetha Reddy tells ET Magazine during an interview in Chennai.Madam Prime MinisterPrathap Reddy, a cardiologist, left his job in Mt Vernon, Missouri, to move to Chennai (then Madras), where he had gone to college, in 1970. Reddy and his wife, Sucharitha, were not happy raising their four daughters—the oldest of whom is Preetha, now 62—in the midst of the drugs- and free-love-fuelled hippie movement. Another factor in the Reddys' decision was the desire of Prathap Reddy's father to have them back in India. "My daughters were all below 12 so they couldn't resist," recounts Reddy with a smile at the company's headquarters near its first-ever hospital, 40 minutes north of the proton centre.In the late 1970s, when Reddy, a native of Andhra Pradesh's Chittoor district, was working at a hospital in Chennai, he started wondering if he could set up one himself in the city, especially after one of his patients died because he couldn't raise $50,000 to go to the US for a cardiac surgery.But a legal framework to establish a hospital as a for-profit entity virtually didn't exist then, as state- or trust-run hospitals were the norm. The establishment's contempt for private enterprise then didn't help. Reddy had to make several trips to New Delhi to convince politicians and bureaucrats in New Delhi, often in his poor Hindi. 74419593 In 1979, Prime Minister Charan Singh, who was also the finance minister then, saw no merit in Reddy's plans, tearing up his proposal. But Reddy was lucky. Indira Gandhi, who returned as PM in 1980, warmed to his idea and even encouraged him to consider locating the hospital in Andhra Pradesh or Karnataka, states ruled by her Congress party, instead of Tamil Nadu, which was then governed by the All India Anna Dravida Munnetra Kazhagam, according to a biography of Reddy. Though he had Gandhi on his side, Reddy found it hard to get through to the then Tamil Nadu chief minister, MG Ramachandran. Whenever Reddy went to meet Ramachandran, the latter would pretend to be asleep. Reddy went back to Gandhi, who asked her cabinet secretary to persuade Ramachandran. That did the trick.Ever since the first Apollo hospital was opened in September 1983, the company has come a long way. The company now has 71 hospitals in its network, including five it manages, and nearly 10,300 beds. "Apollo is a great execution story in the healthcare space. They took the lead by setting up the first multi-specialty hospital in many cities," says Vishal Bali, executive chairman of Asia Healthcare Holdings and former CEO of Fortis Healthcare. 74419602 Family Concern"None of us went to B-school. We learnt management by walking around and listening, an art that we picked up from our father," says Preetha Reddy. Prathap Reddy, who now focusses his attention on ways to tackle non-communicable diseases, still does frequent rounds of the hospital near the company headquarters, talking to patients, doctors and the staff.Apollo also runs the country's largest pharmacy chain, with 3,700 stores. The business contributed 40% to the company's consolidated revenues of over Rs 9,600 crore in FY 2019. Apollo also has over 900 diagnostic centres, diabetes and dental clinics, among others. "Apollo's ability to get to this scale much sooner than its competitors and diversify beyond hospitals has helped it stay ahead of the curve," says Kapil Banga, assistant vice-president at Icra, a ratings agency. 74419691 Prathap Reddy has managed to do this with ample assistance from his daughters, none of whom is a medical doctor. While Preetha Reddy also handles doctor engagement, Suneeta Reddy, 60, is MD and handles finance and strategy. The two younger sisters, Shobana Kamineni (59) and Sangita Reddy (57), are responsible for shaping the company's consumer-facing digital plans. In addition, Kamineni, who is executive VC, heads the pharmacy business, and Sangita, who is joint MD, is in charge of operations and the technology used in healthcare delivery. While Prathap Reddy, Preetha and Suneeta are based in Chennai, Kamineni and Sangita are in Hyderabad. Sangita is also the president of the industry body Ficci.The siblings' well-defined roles within the company, and their father's continuing involvement in strategic decision-making, have helped the Reddys stave off potential conflicts which have torn many a family-run business apart in India. Between them, the sisters have 10 children and four grandkids. During meetings over two days in Chennai, ET Magazine reporters observed that the five of them were often in touch over the phone, discussing urgent business, inquiring about their father's wellbeing, passing on word about the death of a family friend. Asked to recall how they resolved a recent conflict among the sisters, Suneeta Reddy said she couldn't recall an instance when such a resolution was necessitated. 74419701 "Everyone is very affectionate. At least until now. That's very fortunate," Prathap Reddy said, while discussing his grandchildren and their involvement in the business. He was referring to the entire family unit. Prathap Reddy says he has been talking to his grandkids to understand their expectations. "They can just enjoy the dividends or they can be managers. If the five of us could create so much, the ten of them could do a lot more." The Reddys have put together a succession plan, which Preetha Reddy calls a "work in progress", for the sisters to take turns as chairperson of the company after Prathap Reddy. "Families that say everything is cast in stone may not be doing the right thing," says Preetha Reddy.Though the next generation is clearly being groomed for the future, at the moment, the four Reddy sisters are firmly in charge.Digital PivotResponding to concerns over the company's ballooning debt thanks to the proton centre and the addition of new hospitals in Guwahati, Navi Mumbai, Lucknow and Indore, and over nearly a fifth of the promoters' stake in Apollo being pledged, the Reddys in June 2019 decided to sell the Apollo group's 50.8% stake in Apollo Munich Health Insurance to HDFC for Rs 1,336 crore. Apollo Hospitals held 10% in the insurance venture and the promoters the rest.This, along with a Rs 500 crore gain from restructuring the frontend of the pharmacy business to comply with foreign direct investment norms, will help the company pare its net debt from Rs 3,522 crore as of December. The company's free cash flow (cash generated by a business, net of operating and capital expenses) also turned positive in FY 2019 after being negative for six straight years and will only increase further as the company's annual capital expenditure is now only Rs 200 crore, compared with an average of Rs 690 crore between FY 2015 and FY 2019, according to Stewart & Mackeritch Wealth Management. 74419710 The proportion of the promoters' pledged shares has declined from 78.1% in March 2019 to 29.6% in February 2020, according to a company filing with the stock exchanges, thanks in part to the sale of a part of their stake. These steps, coupled with impressive results in successive quarters, have made investors bullish on Apollo. The company's shares have risen 51% in the past year, compared with a 3% increase in the S&P BSE 100 index. Kamineni admits she was sad to let go of the insurance venture, which she had built, but she now has set her sights on a new and highly competitive business — selling medicines online. "Insurance will get a traditional multiple. What we are building will get stratospheric multiples."But she does not want to use the playbook of venture capital-funded startups, which rely a lot on discounts to hook customers. "I would invest in providing customers a better service over a longer term instead of giving them discounts. Kamineni hopes to use her wide network of pharmacies, rather than warehouses, to fulfil deliveries of medicines ordered online. "You have to be hyper-local. Delivery costs can kill you." Apollo's e-tailing business is now operational in Chennai and Hyderabad.Pradeep Dadha, founder of Netmeds, an online pharmacy, agrees that physical stores can indeed cut delivery expenses. But warehousing has its advantages, he adds, citing the example of the drug atorvastatin, which has over 500 brands in the market. "Due to the low acceptance of substitution by patients, it becomes enormously difficult to maintain fillrates for brick-and-mortar stores. A typical retail store would stock around 3-7k SKUs (stock keeping units), as opposed to 170k+ SKUs available in the market. This is where online pharmacies have an inherent advantage." 74419713 Besides the e-commerce foray and the proton centre, Apollo is looking to grow its health & lifestyle division. In two years, the company has grown its network of retail centres for diagnostics, dialysis, dental and child care and shortstay surgery, among others, from 472 to 917. Sangita Reddy, who heads Apollo Health & Lifestyle, is also driving the group's efforts at using artificial intelligence and analytics to make healthcare delivery faster and more precise."What the robotic arm gives you in surgery is greater access and accuracy, minimal peripheral tissue damage, minimal blood loss and faster recovery." Apollo is also working on AIinterpreted CT scans which can reduce the time taken to initiate a surgery in case of brain haemorrhage from an hour to as short as five minutes.Even with the threats of price caps on drugs and medical devices, as happened with coronary stents in 2017, and state-funded insurance schemes such as Ayushman Bharat, which are not be profitable to hospital chains, the healthcare sector in India has much to look forward to. India, after all, has just nine hospital beds for every 10,000 people, compared with more than four times the number in China. Naturally, the demand for quality healthcare is only bound to grow. And Apollo is in good shape to tap into that. |
Three-day bank strike from March 11 deferred Posted: KOLKATA: The proposed three-day bank strike in the country called by various unions from March 11 has been deferred following 'positive' developments at the bipartite meeting held in Mumbai on Saturday, an AIBEA statement said here. The strike had been called by the constituents of United Forum of Bank Unions (UFBU), the umbrella body of the trade unions in the banking sector. All India Bank Employees' Association (AIBEA) statement said that in the bipartite meeting, which was held between the unions and Indian Banks Association (IBA), discussions were held in respect of offer of increase in pay slip cost to 15 per cent, demand for five-day banking among others. The statement added that IBA has agreed to discuss all other issues raised by the unions. Bank unions had observed a two-day strike from January 31 after talks over wage revision failed to make headway with the IBA. |
Nifty unlikely to go back to 12,000 for a long time: Gautam Shah Posted: What are you telling your HNI clients? In one of the tweets you mentioned, global set up is becoming shaky. Are they in profit because some of them would have been short anyway?It is a pretty sorry state of affairs right now. The foundation of this fall was laid six months back. It is a very synchronised decline that is happening across the globe and this is not a short term correction but more of a short term downtrend that is unlikely to end in a hurry. Given the factors that we are dealing with right now, not many market participants know how to position themselves and the chart themselves have been quite weak for the last couple of months. The manner in which we have come off, the kind of momentum that we are seeing on the way down with India VIX coming back to levels of 23 and too many stocks helping the Nifty go lower, we feel that 11,100 is a level where the market could actually find some support. The problem is the Bank Nifty has only now started its down trend after outperforming for the last four to five days. So, we are working with a number of about 28,500 and eventually 27,700. Clearly, there is a lot more pain in this market. It is not going to rebound and go back to visiting lifetime highs which is something that people have become used to in the last three years.This will require a lot more price damage and time damage and while there could be recovery from time to time, the themes that we recommend our subscribers at this point are healthcare, IT, chemicals and insurance. Barring these four themes, just about everything else in the market is quite weak.Charts are telling you that the long-term structure of the market looks difficult and shaky, especially on the global front. How do Indian broader markets look to you?Well the broader market is the puzzle that I am still trying to solve because the midcap index saw an excellent move from about 15,000 to 18,500 levels. We ourselves are working with that 18,500 level on the midcap index because it was the high of 2019. It is exactly the level from where the midcap index has started to reverse in the last couple of weeks. This recovery is for real. The top midcap stocks, if you look at the top 50 or the top 100, have actually outperformed the mainline indices and the front line stocks in the last many weeks, whereas, the usual underperformers have just got weaker and weaker. This trend will continue. In this market one should be looking at relative strength. The midcap recovery is here to stay from a longer-term perspective. Right now, the Street might look terrible but the broader market is clearly an opportunity for 2020. This is a year where you will have to be stock specific because in the last couple of years it was all about index investing. In 2020 and even 2021, it will be very stock specific. The themes that I highlighted earlier are where we see the greatest opportunities. We are underweight large caps, overweight midcaps and that is a theme that should carry on for the rest of this year.How are you analysing Dow, because Dow has started to crack meaningfully after a nine year rally?It is quite scary. I have been in the camp which believed that what happened in the last six months was not so healthy because every time the Dow made a new high it did not have any support of the technical studies; we are not talking about the daily or the weekly charts, we are talking about the monthly charts. This was the problem for India as well because for the first time in a couple of years, the monthly charts had turned negative and that is probably the reason why after Nifty hit 12,100, we came with a 1,000-point fall target.For Dow itself, the interim support is about 25,500. It may find some support out there in the next few trading sessions. But broadly if you look at it in the context of the rise it has seen in the last decade and what has happened in the last seven days, it is just too small and therefore there is a lot more room for Dow to fall. It may test levels of 22,000 to 22,500 and that is a reason I believe that this downtrend is not going to end in a hurry. One should stay protected in some of the precious metals like gold and silver. They look excellent on the chart and you need to be in some of the other markets in the world which are insulated to what is happening right now.What is your view on pharma because that has gone through a six year weak phase and even now things are not changing a whole lot? Where do you see it go?Unfortunately, the NSE Pharma index is not a good indicator of what pharmaceuticals or the healthcare stocks have been doing. This is because Sun Pharma is a very large contributor to the NSE pharma index. On the other hand, the BSE healthcare index is much better placed. Even in a market like today, you have a Dr Reddy's which is positive while so many other pharma stocks are down significantly. So, stay with the winners. That is the theme that we have been highlighting to our subscribers. You have to be in stocks that are exhibiting relative strength. So, Dr Reddy's, Biocon are stocks that we like over the medium term.How long can this correction last in your view? How to negotiate these trades that you are talking about?Well usually whenever the downtrend starts, the first legs leads to a lot of price damage and then then there is a lot of time correction. We are entering that phase wherein the price correction could possibly end. After that probably the market would just consolidate in the 11,000-11,600 kind of a band. If that happens, you will see market participants coming back into the market. But do not expect this market to go back to 12,000 and beyond at least for many many months to come. The year 2020 is going to be a challenging year overall. |
Gold in for dream run as virus raises demand for safe haven Posted: By DK AggarwalIn the last quarter of Calendar 2019, the world economy had just started dropping some green signals amid the first phase of trade deal between the US and China. And markets were expecting more strength in riskier assets and a little pause in safe haven buying in gold.However, the buoyancy was shortlived due to outbreak of coronavirus in China and rapid spread of the virus to other countries. This health hazard has created an emergency situation not only in China, but in the entire world. Trade activities have come to a halt in many parts of the world on fear of further spread of the virus, causing an immediate negative impact on economies, and ultimately on financial markets. This has triggered safe haven buying in bonds, dollar index and gold.On MCX, gold saw a huge jump and touched a new high of Rs 43,788 from the low of around Rs 39,000, just a few points shy of Rs 44,000 level. In international markets, the yellow metal saw the high of around $1,692, a level never seen in last seven years. Speculative investors are also rushing into safe-haven assets, boosting net long positions in gold to the highest on record going back to 1993, latest CFTC data suggests.Frequent revision of GDP data and various economic data estimates have further strengthened the yellow metal. Expectations of further monetary easing by central banks globally in response to the economic impact caused by the virus continue to provide support for gold. Also, currency debasement by global central banks, extremely low to negative bond yields and continued geopolitical tensions will create that cushion to gold prices and won't let them slip below the key support near $1,520.However, gold prices crashed on Friday along with stocks, which some analysts said happened because a rapidly spreading coronavirus began to impact demand for raw materials. Margin calls may also have impacted futures traders with exposure to other assets.Stock markets, which generally ignored the US-China trade war, news on global slowdown, weak economic data, fragile currency in last few years and continued their uninterrupted Bull Run may now see some suffocation on expectation of slower economic recovery.Most of the markets are down by more than 5 per cent so far in 2020. Hence, to protect their portfolios, people have started parking their money in gold. While higher prices have hit physical demand, investment demand remains on the higher side.The World Gold Council says in January 2020 global gold ETFs and similar products added 61.7 tonnes to their holding, which now stands at all-time high of 2,947 tonnes. Futures market open interest have begun moving higher from $68.7 billion in December 2018 to $141.8 billion in February 2020, the highest since January 2013.Market participants are wondering right now how this situation will eventually play out as the virus spreads to other countries and death toll rises. China seems to have managed to bring the situation under control. If it is contained, then we may see a sudden surge in trading activities, which will boost financial markets and the gold rally may take a pause. If the virus crisis prolongs, then gold may make newer highs in Indian market on investment buying, and touch $1,750 on comex. In Indian market, the yellow metal is most likely to touch Rs 44,600 level in the short term.So, don't take away gold from your portfolio, fall in love with it. It will pay you back in time of crisis and take care of your portfolio wealth. 74412787 Chairman and MD, SMC Investments and Advisors |
You are subscribed to email updates from Economic Times. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
Ouch Potato! What India really watches on TV
Posted: 29 Feb 2020 05:19 PM PST
Paisa bolta hai: Taapsee Pannu-starrer 'Thappad' resonates with critics
Posted: 29 Feb 2020 05:19 PM PST
Muhyiddin Yassin is new Malaysian PM
Posted: 29 Feb 2020 05:19 PM PST
Blenders Pride Fashion Tour 2020: A tour to remember
Posted: 29 Feb 2020 05:19 PM PST
Posted: 29 Feb 2020 05:19 PM PST
Delhi violence: A calamity foretold, writes P Chidamabaram
Posted: 29 Feb 2020 05:17 PM PST
Posted: 29 Feb 2020 05:17 PM PST
Today Crunch News, News Updates, Tech News
Posted: 29 Feb 2020 05:00 PM PST
Today Crunch News, News Updates, Tech News |
- Why you can’t overlook the small details in the pursuit of innovation
- FDA allows new diagnostic technologies to test for coronavirus before receiving emergency approvals
- Coronavirus grifts crop up online for political gain and profit
- Startups Weekly: Why some fintech companies aren’t blinking at customer acquisition costs
- Multiverse virtual worlds will be healthier for society than our current social networks
- This Week in Apps: Coronavirus impacts app stores, Facebook sues mobile SDK maker, Apple kicks out a cloud gaming app
Why you can’t overlook the small details in the pursuit of innovation Posted: 29 Feb 2020 01:20 PM PST This week, we read a very short story, The Great Silence, as we start to head toward the end of Ted Chiang's Exhalation collection. This story asks questions about how we connect with nature, and also how to think about innovation and where new ideas come from. We will finish the remaining two stories in the collection in the coming week, and then it will be time (sadly!) to change books. I'll announce the next book in the book club hopefully shortly. Some further quick notes:
Reading The Great SilenceThis is a quite short story with a simple message. The narrator is a parrot discussing humanity's quest to seek out artificial life elsewhere in the universe. The parrot, observing these actions, reflects on why humanity spends so much time looking for intelligence elsewhere, when it itself is intelligent, and located right next to us. The devastating line Chiang delivers comes toward the end:
The author offers us some obvious points to think about around environmental destruction and species extinction, and those are obvious enough that I think any reader can sort of surmise how the story connects to those issues. So I want to instead connect this discussion to a theme dear to the heart of TechCrunch readers, and that is the quest for science and innovation. To me, Chiang isn't just criticizing our disdain for the animal species around us, but is also critiquing an innovation community that constantly strives for the big and "shiny" discoveries when so many smaller and local discoveries have yet to be made. We invest billions of dollars into satellites and telescopes and radar arrays hoping to capture some fleeting glimpse into an alien world somewhere in the galaxy. And yet, there are deeply alien worlds all around us. It's not just parrots — Earth is filled with species that are incredibly different from us in physiology, behavior, and group dynamics. What if the species most alien to our own in the whole galaxy is located right under our noses? Of course, there would be huge headlines in finding even a single-celled organism on another planet (assuming there was even some way to detect such life in the first place). But that is precisely the type of narrow-minded, novelty-seeking behavior that Chiang is pointing out here. Nonetheless, innovation can be a weird beast. It isn't hard to look around the Valley these days and be dismayed at just how adrift a huge part of the industry is. We are creating more "smart" products than ever, yet huge social challenges and scientific frontiers remain completely unfunded. It's easier to raise funding to start up an upgraded handbag company with a new brand and marketing strategy than it is to build an engineering team to push quantum computing forward. There are certainly many valid arguments for moving our money to more "worthwhile" pursuits. Yet, fresh ideas that change industries can sometimes come from the oddest places, with even frivolous products occasionally creating fundamental advances in technology. Facebook as a social network might be a time sink for its users, but its huge scale also triggered all kinds of new data center infrastructure technologies that have been widely adopted by the rest of the tech industry. Solving a frivolous problem became the means to solving a problem of more depth. In the end, you need to seek answers. Don't overlook the obvious around us or get inured to the quotidian challenges that may just be the fount of innovation. Maybe figuring out the communication of parrots does nothing for us. Or maybe, exploring that area will open up whole new ideas for how to communicate and understand the neural patterns of speech. We can't know until we tread along the path. Now, to take one aside before we close out: Exhalation is a collection of previously-published short stories, but Chiang manages to work in his arch-symbol of breath and air into this piece in a fairly tight way:
It's a symbol we saw most substantively in Exhalation (the short story itself, not this whole collection) which we talked about a few posts ago. It's a gorgeous little motif, and Chiang nicely embeds it to create an empathetic connection between humans and animals. Some question about OmphalosFor the next and penultimate short story Omphalos, here are some questions to think about as you read the story.
|
FDA allows new diagnostic technologies to test for coronavirus before receiving emergency approvals Posted: 29 Feb 2020 01:15 PM PST The U.S. Food and Drug Administration said today that it would allow new diagnostics technologies to be used to test for the novel coronavirus, COVID-19, at elite academic hospitals and healthcare facilities around the country. The agency’s new initiative comes as critics have assailed various U.S. government agencies for being woefully underprepared to effectively address the spread of the novel coronavirus in the country despite being aware of the potential risks the virus posed since the first cases were reported in Wuhan, China in early December. As the first diagnosed cases of the new virus appeared in the country, U.S. Centers for Disease Control and Prevention had conducted only 459 tests. Meanwhile, China had five commercial tests for the coronavirus on the market one month ago and can now conduct up to 1.6 million tests per week. South Korea has tested another 65,00 people so far, according to a report in Science Magazine. Initial tests in the U.S. were hampered by the distribution of test kits which contained a faulty reagent — rendering the kits useless. The CDC isn’t the only U.S. agency criticized for its mishandling of the response to a potential outbreak. On Thursday a whistleblower complaint was filed against the Department of Health and Human Services alleging that the agency sent over a dozen employees to Wuhan to evacuate American citizens from the country without the proper training or protective gear, as first reported by The Washington Post. Now, the Food and Drug Administration is opening the doors for research centers across the country to use new technologies that have yet to be approved for emergency use in order to dramatically increase the number of tests healthcare facilities can perform. "We believe this policy strikes the right balance during this public health emergency," said FDA Commissioner Dr. Stephen M. Hahn, in a statement. "We will continue to help to ensure sound science prior to clinical testing and follow-up with the critical independent review from the FDA, while quickly expanding testing capabilities in the U.S. We are not changing our standards for issuing Emergency Use Authorizations. This action today reflects our public health commitment to addressing critical public health needs and rapidly responding and adapting to this dynamic and evolving situation." The new policy allows laboratories to begin to use validated COVID-19 diagnostics before the FDA has completed review of the labs’ Emergency Use Authorization (EUA) requests, the agency said in a statement. In cases where the Department of Health and Human Services indicates that there’s a public health emergency or a significant potential for a public health emergency, the FDA can issue these EUAs to permit the use of medical products that can diagnose, treat, or prevent a disease. The HHS secretary determined that the outbreak of the COVID-19 coronavirus was just such an emergency on February 4. So far, the FDA has authorized one EUA for COVID-19 that’s already being used by the CDC and some public health labs, the agency said. "The global emergence of COVID-19 is concerning, and we appreciate the efforts of the FDA to help bring more testing capability to the U.S.," said Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases (NCIRD). Development of new diagnostics tests are handled by the Biomedical Advanced Research and Development Authority, part of the HHS Office responsible for preparedness and response to health issues. “This step may reduce development costs, speed the process for availability at more testing sites, incentivize private development and, ultimately, help save lives,” said Rick Bright, the BARDA’s director. Startups like the Redwood City, Calif.-based genome sequencing device manufacturer, Genapsys, and Co-Diagnostics, another molecular diagnostics startup out of Salt Lake City, have been approached by the Chinese government and European testing facilities, respectively. In the U.S. a number of large, publicly traded companies and startups are pursuing new diagnostics tools that can be used to identify the novel strain of the coronavirus. "At BARDA, we are identifying industry partners to develop rapid diagnostics that can be used in commercial and hospital labs or even doctors' offices so that medical professionals and their patients have the information they need to take action,” Bright said. |
Coronavirus grifts crop up online for political gain and profit Posted: 29 Feb 2020 01:03 PM PST These days capitalism and democracy seem to mean that it’s never too early to take advantage of the misery of others, and the outbreak of the novel coronavirus, COVID-19, is the latest proof point. On Saturday the Washington Post reported that an agency within the State Department had compiled a report of 2 million tweets, which peddled conspiracy theories about the COVID-19 coronavirus outbreak. Among the hoaxes compiled in the report and reported by the Post included the suggestion that the virus had been created by the Bill and Melinda Gates Foundation or was the result of a bioweapon developed by the Chinese government. In all, these tweets represent about 7% of the total tweets surveyed by the government, according to the Post’s reporting. Critically, the report indicated that some of the misinformation spread online appeared to be the result of “inauthentic and coordinated activity,” the Post reported the document saying. The report mirrors warnings from cybersecurity firms like Check Point Software, which issued a report tracking the launch of new websites linked to themes around the coronavirus outbreak earlier this month. According to the company’s Global Threat Index for January 2020, “cyber-criminals are exploiting interest in the global epidemic to spread malicious activity, with several spam campaigns relating to the outbreak of the virus.” The company correlated Google search terms with what it deemed to be “malicious discussions” about the virus, and showed them to be tightly correlated. In one instance, a hacking campaign targeting web users in Japan distributed malicious email attachments by pretending to be a Japanese disability welfare service provider. The email provided misinformation about the spread of the coronavirus in several Japanese cities, and when a user opened an attachment to the email, they downloaded a modular, self-propagating Trojan virus onto their computer. Email campaigns represent one threat, but another one that the security firm tracked was new websites with domain names linked to the virus. The company already spotted one fake website, “vaccinecovid-19.com”. It was first created on February 11, 2020 and registered in Russia. According to Check Point, “the website is insecure, and offers to sell ‘the best and fastest test for Coronavirus detection at the fantastic price of 19,000 Russian rubles (about US$300).'” Facebook, Amazon and Twitter have all taken steps to remove misinformation about the novel coronavirus from their platforms including advertisements offering purported cures for the disease. Earlier this month, the big tech companies met with representatives of the World Health Organization to come up with a plan and coordinate on ways to combat misinformation and scams online. Earlier this week, Facebook issued the following statement about its continuing response to misinformation campaigns on the site:
|
Startups Weekly: Why some fintech companies aren’t blinking at customer acquisition costs Posted: 29 Feb 2020 11:00 AM PST [Editor's note: Welcome to our weekly review of news that startups can use from across TechCrunch and Extra Crunch. If you want this post by email, just subscribe here.] Why some fintech startups aren’t blinking at customer acquisition costsDistribution channels are getting saturated across the internet and beyond, and in many tech sectors the cost of acquiring new customers is crimping profitability. But so far, so good in the “great credit card craze,” as Alex digs into this week for Extra Crunch. It turns out that the remaining revenue possibilities combined with the current revenues from interchange fees mean costs are staying relatively flat — or so say a few well-placed execs. “If anything, our customer numbers are massively accelerating despite cutting back on marketing spend,” explains Brian Barnes of M1 Finance. “And I do think that gets into how we positioned ourselves [as] a firm and what drives at the capital efficiency of how we've gotten to where we've gotten.” Feast or famine in early-stage fundingAfter Elizabeth Yin posted a popular Twitter thread last month about the bifurcation of fundraising outcomes in Silicon Valley these days, we caught up with the Hustle Fund cofounder to talk more. “I'm seeing companies at the Series A and Series B stages with 30% MoM growth that were popular before now struggle to raise their next rounds because they are not profitable,” she writes in a guest column on TechCrunch. “The feedback they receive is to ‘come back when you're profitable or really close to it.’" She also noted that even though it does seem like there is a lot of money available, much of that is going to repeat entrepreneurs and/or companies with lots of growth and profitability in the numbers. In a companion interview with Alex Wilhelm for Extra Crunch, she notes that: “In the later stages, it is worthwhile to move to San Francisco because as you're growing your company, there are a lot more people in San Francisco who have built high-growth companies before, there's a lot of knowledge that I think is still insider knowledge in San Francisco itself. But at the earlier stages, I don't think that that's necessary.” Y Combinator publishes big new Series A round guideSpeaking of raising these days, this new guide could help. Connie Loizos caught up with co-author and YC partner Aaron Harris in an interview for TechCrunch. Here’s one example he provides about the nuance it covers:
Virtual worlds are finally becoming realDespite the decades of unrealized dreams, breakout hits like Fortnite and Minecraft are showing the emerging opportunities for mass-market virtual worlds. Media analyst Eric Peckham is exploring the evolution of this trend through a seven-part Extra Crunch series, which he and many others believe will come to gradually define our lives. So far, he’s published an overview, and Extra Crunch articles on gaming on social networks, our multiverse gaming future and why that future is not here yet. Stay tuned for his articles on the emerging competitive landscape and more. Where top VCs are investing in medical and surgical roboticsMedical device and robotics startups raised roughly 600-700 rounds of venture capital in 2019, according to data from Pitchbook and Crunchbase, with most deals occurring at the early stage (over 25% of rounds occurred at the seed stage). With our 2020 Robotics+AI sessions event next week in Berkeley, be sure to check out our interviews with top med-tech investors in this week’s investor survey on Extra Crunch.
Avoiding the on-demand trapWe’re trying some thing new here — a preview of upcoming guest columns. The following note is from growth strategist Chris Yeh, co-author of Blitzscaling.
Across the weekTwilio 2010 board deck gives peek at now-public company's early days (EC) Startup malaise, startup ambition (TC) For investors, late-stage fintech startups are a lucrative bet (EC) What happens if a pandemic hits? (TC) Instead of IPOs and acquisitions, exiting to community is one alternative (EC) With better recall of our photos and videos, will our ability to forgive disappear? (TC) Superhuman CEO Rahul Vohra on waitlists, freemium pricing and future products (EC) How do we connect a child to technology? (TC) #EquityPod
|
Multiverse virtual worlds will be healthier for society than our current social networks Posted: 29 Feb 2020 07:54 AM PST The basis of the classic James Bond film “Tomorrow Never Dies” is an evil media mogul who instigates war between the U.K. and China because it will be great for TV ratings. There's been a wake-up call recently that our most popular social networks have been indirectly designed to divide populations into enemy camps and reward sensational content, but without the personal responsibility of Bond's nemesis because they're algorithmically driven. (This is part five of a seven-part series about virtual worlds.) The rise of “multiverse” virtual words as the next social frontier offers hope to one of the biggest crises facing democratic societies right now. Because the dominant social media platforms (in Western countries at least) monetize through advertising, these platforms reward sensational content that results in the most clicks and shares. Oversimplified, exaggerated claims intended to shock users scrolling past are best practices for individuals, media brands and marketing departments alike, and social platforms intentionally steer users toward more extreme content in order to captivate them for longer. Our impending cultural shift to socializing equally as often through virtual worlds could help rescue us from this constant conflict of interest between what we recognize as healthy interactions with others and how these social apps incentivize us to behave. Virtual worlds can have advertisements within them, but the dominant monetization strategies in MMOs are upfront purchase of games and in-game transactions. Any virtual world that gains enough adoption to compete as a social hub for mainstream society will need to be free-to-play and will earn more money through in-world transactions than from ads. |
Posted: 29 Feb 2020 06:33 AM PST Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads in 2019 and $120 billion in consumer spending in 2019, according to App Annie's recently released "State of Mobile" annual report. People are now spending 3 hours and 40 minutes per day using apps, rivaling TV. Apps aren't just a way to pass idle hours — they're a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In this Extra Crunch series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis. This week, we’ll look at the coronavirus outbreak’s impact on the App Store, China’s demand for App Store removals — and soon-to-be-removals, it seems. We’re also talking about Facebook’s lawsuit over a data-grabbing SDK, Tinder’s new video series, the TSA ban on TikTok, Instagram’s explanation for its lack of an iPad app and how Democratic presidential primary candidates are performing on mobile and social, among other things. HeadlinesCoronavirus concerns send Chinese ride-hailing apps crashing, games surgingOne of the many economic fallouts related to COVID-19 coronavirus concerns is a significant decline in the usage of Chinese ride-hailing applications. According to Sensor Tower data, downloads of the three most popular apps — Hello, Didi and Dida — were down 75% year-over-year during the week of February 10 compared with the same time frame in 2019. Meanwhile, people staying home have been ordering food and groceries more often. Overall downloads of the top 10 apps in the food-ordering category increased by 68% from January 13 to the week of February 3. Also on the rise are mobile games. According to a recent report by the FT, users in China downloaded a record number of games and apps as the virus outbreak confined people to their homes. More than 22 million downloads were registered in Apple’s App Store in China during the week of February 2, according to App Annie, and average weekly downloads during the first two weeks of February were up 40% over the same time last year. Meanwhile, Chinese tech giants, including Alibaba and Tencent, have been deploying health-rating systems to help authorities track the movements of millions of Chinese. Alibaba had been tapped to explore the rollout of a rating app to help the government control who can travel into and around the city. Along with Ant Financial, it worked to develop a smartphone-based rating system in conjunction with the government of Hangzhou. Tencent created a program for Shenzhen, reported The WSJ. Top mobile game Plague Inc. pulled from China’s App Store amid coronavirus outbreakPlague Inc., a simulation game with more than 130 million players, was pulled from the Chinese App Store this week, a move that appears to be linked to the coronavirus outbreak. The company behind the game, Ndemic, posted a statement announcing that the game’s content is now considered “illegal in China as determined by the Cyberspace Administration of China.” Ndemic says it’s trying to reach out to find out what, specifically, it could change in order to get the game back in China. |
You are subscribed to email updates from TechCrunch. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
Man held for dumping PIO date's body in UK
Posted: 29 Feb 2020 04:49 PM PST
Can’t get you outta my feed: Dealing with break-ups in a digital world
Posted: 29 Feb 2020 04:49 PM PST
“Syria will pay heavy price”: President Recep Tayyip Erdogan
Posted: 29 Feb 2020 04:49 PM PST
Mumbai: Placement agency ordered to pay 1L compensation for cheating jobless woman
Posted: 29 Feb 2020 04:49 PM PST
From casual sexism to misogyny -- are women in the public eye treated equally?
Posted: 29 Feb 2020 04:49 PM PST
Citizenship shouldn’t be linked to any religion, says D. Raja
Posted: 29 Feb 2020 04:43 PM PST
Dhankhar asks govt. for details of funds used for anti-CAA protests
Posted: 29 Feb 2020 04:43 PM PST
Punjab: Golden Temple to take direct control of organic farming for its langar
Posted: 29 Feb 2020 04:25 PM PST
Posted: 29 Feb 2020 04:25 PM PST
Posted: 29 Feb 2020 04:25 PM PST
Posted: 29 Feb 2020 04:25 PM PST
Bahadurgarh factory blast toll climbs to six, owners yet to be arrested
Posted: 29 Feb 2020 04:25 PM PST
You are subscribed to email updates from News, Gameforumer, Financial Updates, Amazon Offers. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
0 comments :
Post a Comment