Rupee pares early gains, weakens to six-week low against US dollar

Rupee pares early gains, weakens to six-week low against US dollar

Mumbai: The Indian rupee has cut all gains on Friday morning and has weakened the 65-point mark to a six-week high against the dollar after losses in global capital and currency markets amid uncertainty about The Brazilian and American politics.

The rupee hit a high of 65.02 – a level reached on April 6. In 12h-28h, the rupee weakened to 65.01, down 0.21% from its previous close of 64.85. Earlier in the morning trading, it opened at 64.75 and was strengthened to 0.25% or $ 64.69.

The Sensex index fell 0.18% or 53.77 points to 30 375.47. So far this year, it increased by 13%.

Until this year, the rupee has gained 5.5%, while foreign investors bought 7.12 billion and 9.47 billion dollars respectively in local capital markets and loans.

The 10-year yield bond was trading at 6.669% since the previous close of 6.677%. Bond yields and prices move in opposite directions.

Asian currencies were trading lower. The Indonesian rupiah fell 0.3%, South Korea gained 0.21%, the Philippine peso, 0.13%, the Taiwan dollar, 0.11%, China’s 0.06% and China’s rENMINBI 0 , 05%. However, the Japanese yen increased by 0.31%.

The dollar index, which measures the strength of the US dollar against major currencies, traded at 97,834, down 0.05% from its previous close of 97,879.

The Council on Goods and Services Tax (GST) held on Thursday 1 July for the establishment of the unified indirect tax that would contribute to the creation of a single national market and ensure that consumer products are any tax burden

Market Live: Sensex, Nifty off the day’s lows; market breadth still negative

Moneycontrol News

14:14 Checking the benchmarks market outweighs the weak points of the day, the Sensex Nifty trades and are almost flat with a positive bias.

The Sensex rose 41.72 points 30,476.51, while Nifty rose 8.25 points to 9,437.70. The width of the market remained negative as the stocks of 848 advanced against a decrease of 1771 shares, while 153 stocks remained unchanged.

Asian Paints, Gail and IndusInd Bank were the top losers in both indices, while ITC and HUL the most won.

13h 30 Faith and Order List: BSE stock contracts present futures and options in five companies, including RBL Banco and Compañía Nacional de Aluminio (Nalco), as of May 26

Hindustan Construction Company, Kajaria Ceramics and Ramco Cement from other companies in which futures and options have been authorized.

Market control 13:15: benchmark indexes are trading low, Sensex and Nifty cut all losses and completely reverse the trend.

The Sensex fell 33.44 points 30,401.35, while the Nifty fell 18.40 points 9411.05. The amplitude of the market was negative as the stocks of 798 advanced against a decrease of 1743 shares, while stocks of 155 remained unchanged.

ITC and the State Bank of India were the first winners, while Asian Paints, Hindalco and Gail were the main losers.

12:51 Gains: State Bank of India (SBI) rose by 122 percent year over year net profit for the March quarter at Rs 2,814 crore Friday, which was slightly lower than the CNBC-TV18 estimate of Rs2.832 crore.

The largest public sector bank recorded a net profit of Rs 1,263.81 crore in the corresponding quarter of last year.

Net interest income increased by 17.3% (year-on-year) 18,070,700,000 DEM for the quarter ending in March, which was higher than the CNBC-TV18 estimate of 15,275 and R $ 90 million. OSE reported net interest income of $ 15 401.30 gross in the same period last year.

24:30. Control: The Rajesh Exports Jewelry Company announced today that it hired an export order of Rs 1.140 crore value from a company based in the UAE.

“Rajesh exports has acquired a prestige order for its products worth Rs 1,140 crore,” the company said in a report to the BSE.

24:05 pm Checking the market selling pressure took over the D-Street at the end of the morning session, as the market erased a large portion of its profits.

Sensex recorded only 48.79 30.483.58 points, while the Nifty increased 4.30 points 9433.75. The width of the market, however, was negative as the 1311 stocks advanced against a decline of 1,385 shares, while 125 stocks remained unchanged.

ITC Hul continued to gain in indices, while Maruti Suzuki, TCS, Hindalco and Eicher Motors lost more.

Zombie 11:40: share price of Sutlej Industries Textiles and rose more than 4 percent intraday on Friday as the company has approved the subdivision of its shares.

The company, at its meeting held on May 18, approved the subdivision of the shares of Rs 10 each into 10 shares of Re 1 each.

The shares of the subdivision are subject to shareholder approval and will be effective after other legislative and regulatory approvals.

11:24 CESC World brokerage: Macquarie maintains the most aggressive target price of Rs 12 months of 1100 on Cesc sees strong revaluation in share price as a result of restructuring. It increased its target price from Rs 658 to Rs 1100.

CESC has announced a massive restructuring of its activities dividing the existing company into four different companies focused on a particular industry. This is a clean mirror and departed without loss of value for minorities.

11:10. Checking the market benchmark indices gave some of their initial earnings after Sensex hit a record high in the morning session.

The Sensex climbed 142.25 points to 30,577.04, and the Nifty increased by 36.25 points to 9465.70. Some 1,532 shares have advanced, 735 and 105 shares decreased shares have not changed.

The best loser includes OSE, HUL, ITC, Bharti Airtel and Coal India, while the top losers include TCS, Infosys, Wipro, Asian Paints and Maruti Suzuki.

WannaCry Attacks: Microsoft Criticised for Not Offering Free Patches to ‘Unsupported’ Windows XP Users Earlier

US software giant Microsoft has withdrawn the distribution of the free security update that could protect computers from the world of cybernetics WannaCry, the Financial Times reported on Thursday.

In mid-March, Microsoft released a security update after detecting a security flaw in its XP operating system that allows the WannaCry reference system to infiltrate and freeze computers last week.

However, the software giant has sent the free security update – or patch – users to the latest version of the Windows 10 operating system, according to the report.

Older software users, like Windows XP, had to pay heavy support costs, he added.

“The high price highlights the dilemma facing the world’s largest software company, trying to force customers to switch to newer, more secure software,” he said.

A Microsoft spokesman, based in the United States to AFP: “Microsoft offers custom support contracts as a security measure” for companies that choose not to upgrade their systems.
“To be clear, Microsoft would prefer that companies are improving and realizing all the advantages of the latest version rather than choosing a custom support.”

According to the FT, the cost of upgrading previous versions of Windows “from $ 200 (about Rs 13,000) per device in 2014, when regular support for XP ended at $ 400 (about 26 RS 000) the following year “While some customers were invited to pay additional fees.

The newspaper said the high costs led the British National Health Service – one of the first victims of the WannaCry attack – did not make the updates.

Microsoft finally distribute the patch for previous versions Friday – the day has detected ransomware.

Although the announcement was “too late to contain the outbreak of WannaCry,” the report said.

Microsoft has not confirmed the AFP when it made the free patch.

A group of hackers called Shadow Brokers released the malware in April, which claims to have discovered the defect of the NSA, according to Kaspersky Lab, a Russian provider of computer security

The Real Reason We Need to Stop Trying Too Hard In beauty services

The beauty service is the great thing and all are knowing that how to make the best beauty fairness by the best beauty services at home.

There is the real reason, what we need to stop trying too hard in beauty services and everyone have to involve to reduce the hard reason for beauty services.

Some of the people think that the doorstep beauty service is very expensive and it is not affordable in modern times, so this is one of the big reason and we should try to stop this thing for the beauty services.

Most of the people were thinking that for the beauty services, they want to make more beauty fairness at their home, but sometimes they get the worst pieces of advice from other people is that you should not pick the beauty services at home, which affects to another people.

They give the worst advice to people is that the beauty services are not good for you and you have to make the different way to get the beauty service like salon because it will give you the best beauty treatment at the salon.

Generally, we say that the Best that pleases the aesthetic senses services at home are very good for us, in actual it plays very great job and provides the best opportunity, but someone gives the worst advice, by their own thinking.

Sometimes, the beauty services at your home create best thinks in the mind and sometimes, it becomes bad in some point of view.

The beauty service at home is the best way to get the best opportunity at the home and people don’t have to give the worst advice to others about beauty service.

61st Filmfare Awards

The 61st Filmfare Awards were presented on January 15, 2016 in Mumbai. Sanjay Leela Bhansali’s historical romance drama swept up nine awards, including best actor (male), best director, best film, besides awards in technical categories. ‘Piku’, Shoojit Sircar’s adorable feature about the connection between motions and emotions, came a close second with five awards. The list of prominent winners in different categories is as follows:

Best Actor (Male) Ranveer Singh – BajiraoMastani Best Actor (Female): Deepika Padukone – Piku Best Film: Bajirao Mastani Best Film (Critics): Piku

Best Male Actor (Critics): Amitabh Bachchan – Piku Best Female Actor (Critics) : Kangana Ranaut – Tanu Weds ManuBeturns

Best Editing: A. Sreekar Prasad – Talvar Best Background Score: Anupam Roy – Piku Best Story; Vijayendra Prasad – BajrangiBhaijaan Best Screenplay: Juhi Chaturvedi – Piku Best Dialogue: Himanshu Sharma – Tanu WedsManuBeturns Best Debut Actor (Female) : Bhoomi Pednekar – Dum Taga Ke Haisha

Best Debut Actor (Male): Sooraj Pancholi – Hero Lifetime Achievement Award: Moushumi Chatter jee


AUSTRALIAN OPEN 2016

WINNERS

 

World No. 1 Novak Djokovic of Serbia clinched his 6th
Australian Open men’s singles title defeating Andy Murray
of Great Britain in Melbourne on January 31, 2016.

He became the first man in the Open Era to win six \ Australian Open titles. He bagged his 11th Grand Slam.

India-Swiss pair of Sania Mirza (R) and Martina Hingis
won Women’s Doubles crown defeating
Czech duo of Andrea Hlavackova and Lucie Hradecka.

Jamie Murray (Britain) (R) & Bruno Soares (Brazil)
beat Daniel Nestor (Canada) &

Radek Stepanek (Czech Republic) in Men’s Doubles.

INDIAN INSTITUTE OF MANAGEMENT )


The eleventh IIM of the country began functioning from its temporary campus at National Institute of Technology, Tiruchirappalli after its inauguration on January 4, 2011. Indian Institute of Management Tiruchirappalli is mentored by IIM Bangalore. The classes of the first batch of students began on June 15, 2011.

The former SEBI chairman, Mr. M. Damodaran heads the Board of Governors, while IIM-C faculty, Dr. Prafulla Y. Agnihotri has been appointed Director of IIM-Trichy.

The permanent campus for IIM Tiruchirappalli or IIM Trichy, will be on 172 acres of land between Bharathidasan University and Anna University of Technology on the Trichy- Pudukottai highway, 17 km south-east of the city centre and 12 km from Tiruchirapalli International Airport.

IIM-Trichy offers a two-year full-time Post Graduate Programme in Management (PGPM). Its main objective is to develop young men and women into competent professional managers, capable of working in any sector of organised activity, proceeding leadership and achieving excellence in performance while contributing to the welfare of the larger society. Though IIM-Trichy was to be started in 2010 along with three other new IIMs in Rohtak, Ranchi and Raipur, respectively, it is the first among the four to get started with a full-time director and 12 highly qualified and experienced full-time faculty members chosen out of over 400 applicants from the country and abroad.

Its Fellow Programme in Management (FPM) is a full-time, residential Doctoral programme. The FPM at IIM-Trichy is globaly recognised, and is a premier source of rigorous and inter-disciplinary research in all areas of business management and public policy. The programme is committed to training individuals who will excel in their areas of research through creation of quality knowledge of international standards. FPM students will specialise in the following disciplines: Finance and Accounting; Marketing; Economics; Quantitative Techniques and Operations Management. The mission of the FPM at IIM-Trichy is to provide rigorous, world-class, inter­disciplinary training in all areas of business management and public policy that will equip students with the ability to conduct cutting-edge research; to create group of committed and qualified individuals to greate new knowledge in all areas of business management and public policy.

 

Dr. Prafulla Y. Agnihotri is the founder Director of IIM Tiruchirappalli,

Tamil Nadu. Before taking over the current position, he was a Professor in Marketing group at Indian Institute of Management (IIM), Calcutta.

Dr. Agnihotri holds a Master’s Degree in Management Studies (M.M.S.) and Ph.D. in International Marketing Strategy area from Jamnalal Bajaj Institute of Management Studies,

Mumbai. He has over 10 years of industry—in sales, marketing and training—and over 16 years of experience in academics. Dr. Agnihotri teaches courses in Marketing Management, International Marketing, Services Marketing and Strategic Brand Management. His major research interests are in Brand/Marketing Audit, International Marketing Strategy anct Global Competitiveness areas. Currently, he is researching on the role of home country government in promoting the global competitiveness of the firms emerging from that country.

Dr. Agnihotri is a Visiting Faculty with Euromed, Marseille Provence (an EQUIS Certified B-School), and CERAM, Sophia Antipolis, France and teaches the courses of Marketing, International Business and International HRM to their MBA students. He has over 20 research papers published in several reputed journals and magazines at national and international levels.

Besides, the Institute also offers a three-year part-time Post Graduate Programme in Business Management (PGPBM).

The PGPBM programme is one of the flagship programmes of the Institute, and was launched in 2012 for working executives in and around Chennai, who aspire to move into senior leadership roles. The prestigious Institute plans to launch a full-time programme in Manufacturing Management soon in collaboration with IIT Bombay. A Centre for Education Management is also on the cards. The institute has launched a new Post Graduate Programme in Human Resource Management at its Chennai Centre. The PGP-HRM, commenced from July 2014, caters to the needs of waiting professionals.