Bancroft cautious on Ashes spot despite red-hot form after ban

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Ferrari driver Sebastian Vettel crashes in F1 preseason testing

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Southampton beats Fulham in Premier League relegation battle

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Liverpool regains verve with 5-0 thrashing of Watford

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Uncle Sam steps in: Trump hints at 'good news' from India & Pak

President Donald Trump voiced confidence that the hostilities between India and Pakistan would end soon, saying he has some "reasonably decent" news with the US involved in trying to help reduce tensions between the two nuclear-armed neighbours.In his opening statement at a press conference at the end of his second summit with North Korean leader Kim Jong-un here, Trump said the US has some "reasonably attractive news" from Pakistan and India."We have been involved in trying to help them (India and Pakistan) stop and we have some reasonably decent news," he told the reporters."I think hopefully that (tensions) could be coming to an end, it has been going on for a long time," Trump said.Tensions have escalated between India and Pakistan in the wake of the Pulwama attack by Pakistan-based Jaish-e-Mohammed (JeM).The US president said that there is a lot of "dislike" (between India and Pakistan).India carried out air strikes against the biggest training camp of JeM in Balakot. In the operation, a very large number of JeM terrorists, trainers, senior commanders and groups of jihadis who were being trained for suicide attacks were eliminated. The facility at Balakot was headed by Yousuf Azhar, the brother-in-law of the JeM chief.Pakistan on Wednesday claimed it shot down two Indian fighter jets over Pakistani air space and arrested a pilot.Forty CRPF personnel were killed and many injured on February 14 in one of the deadliest terror attacks in Jammu and Kashmir when a JeM suicide bomber rammed a vehicle carrying over 100 kg of explosives into their bus in Pulwama district.

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Animal spirits suggest tame start for India economy

by Anirban NagIndia’s economy started the New Year still hungover from the sluggish showing in end-2018, stoking expectations for more monetary stimulus from the central bank.A set of indicators tracked by Bloomberg to measure “animal spirits” -- a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action -- showed weaker indicators outnumber stronger ones 4-3 in January. A pullback in exports and business activity weighed on sentiment.While India’s inflation-targeting central bank cut interest rates earlier this month to prop up economic growth, Governor Shaktikanta Das kept the door open for more when he noted that “growth impulses have weakened and there is a need to spur private investment and strengthen private consumption.”While a rates review is scheduled for April, a pulse check for the economy is due later Thursday, when the government will release gross domestic product data for the quarter ended December. Economists forecast expansion to have slowed to 6.8 percent from 7.1 percent in the previous quarter.Here’s a breakdown of what the indicators suggest:Business ActivityThe seasonally adjusted Nikkei India Composite PMI Index was unchanged at 53.6 in January. While the manufacturing sector was in robust shape, the dominant services sector, which contributes more than 50 percent of GDP, showed signs of cooling.A key factor that kept a check on services activity was a softer expansion in new work, with companies noting only a moderate increase in sales. 68199023 ExportsOn a sequential basis, exports declined in January from a month ago. While shipments grew 3.7 percent on an annualized basis, economists doubt the pick up will be sustained as the global economy slows.With exports continuing to trail imports, India’s trade deficit widened in January from a month ago. In other words, the resultant negative net exports will likely be a drag on GDP.Consumer ActivityConsumer demand was stunted with passenger cars and two-wheeler sales taking a knock in January. Sridhar V, a partner at Grant Thornton India LLP, attributed this to the higher cost of finance and a shortage of loans from India’s shadow banking sector that is still recovering from the effects of a default by a peer last year.Shadow banks, which accounted for 30 percent of all advances in the economy over the past three years, are grappling with high cost of funds, which in turn have led to steeper lending rates for customers. Still, demand for bank loans grew 14.5 percent in January from a year earlier, according to Reserve Bank of India data.The Citi India Financial Conditions Index, a liquidity indicator, showed a slight rise in January, but overall conditions remained pretty tight to boost consumption. The index includes gauges such as short-term money market rates, government bond yields and credit default spreads. 68199025 Industrial ActivityGrowth in India’s core infrastructure sector, which constitutes 40 percent of total industrial production, slowed to an 18-month low of 2.6 percent in December as steel and crude oil output declined.Industrial production, however, showed some signs of a recovery. The index rose 2.4 percent in December from a year earlier, with the uptick largely coming on the back of growth in the manufacturing sector.

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Hughes Communications India gets flight and maritime connectivity licence

Hughes Communications India (HCIL) Thursday said it has received Flight and Maritime Connectivity licence from the government, that authorises it to offer high-quality broadband services in ships and aircraft, within Indian territory.With this, HCIL becomes the first company to be granted the Flight and Maritime Connectivity (FMC) licence in India by the telecom department, after the government notified rules for in-flight, maritime mobile phone services in December last year.HCIL is a majority-owned subsidiary of broadband network and services provider Hughes Network Systems."The first company to be granted the FMC licence in India, HCIL is now authorised to provide in-flight connectivity and high-quality broadband services to Indian and foreign airlines and shipping companies operating within Indian territory," HCIL said in a statement.The company has already set up a base mobility platform and is in talks to enhance the services in India, it added. The statement did not divulge details about potential tie-ups with specific airlines, likely tariffs, or timeframe in which the services could be available.A source however said the connectivity could be in place in about three months for in-flight services, and before that for ships.Once the alliances with airlines are in place, travellers will be able to stay connected during a flight with internet access and possibly also have voice services through apps during air travel within Indian territory, the source said.The FMC licence has been granted for a period of 10 years, and HCIL will pay spectrum charges based on revenue earned from providing these services, which can be delivered using both satellites and telecom networks on the ground.HCIL will provide FMC services in India operating over domestic and foreign satellites permitted by the Department of Space, the statement said.Since the policy was first published by regulatory authorities in mid-December 2018, it has generated a lot of interest from India's maritime and airline industries and HCIL looks forward to supporting them in the rapidly growing opportunity for in-flight and maritime connectivity services, the statement said.Commenting on the development, Partho Banerjee, President & Managing Director at Hughes Communications India said: "We stand ready operationally to initiate high quality broadband services for both airlines and maritime operators, including having the availability of ubiquitous satellite coverage across Indian airspace and territorial waters".According to Euroconsult, over 23,000 commercial aircraft will offer connectivity to their passengers by 2027, up from 7,400 aircraft in 2017.Northern Sky Research's Aeronautical SatCom Market's 2017 report predicts that by the end of 2019, broadband VSAT connectivity will be installed on one out of every three commercial passenger aircraft and will rise to two out of every three by the end of 2026.Fuelled by rising demand for broadband connectivity, this installed base is estimated to generate over USD 32 billion in revenue over the next decade, as air travel continues its rise around the world.The connectivity needs in maritime industry are also growing leaps and bounds.An increasing number of vessels are looking to stay connected to provide their crew and passengers high-speed internet access, monitoring weather patterns to cut fuel costs, filing regulatory documents, ordering supplies from sea to save time in port, and generating business intelligence.Over 44,242 ships are equipped with Very Small Aperture Terminal (VSAT) in 2018, double the last recorded number in 2013, the Hughes statement said citing data by Comsys.

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Convenience store chain 7-Eleven to enter India through Future Group

MUMBAI: 7-Eleven, the world's largest convenience store chain, has signed a master franchise agreement with Future Group that will open and manage the eponymous brand stores in India, one of the fastest-growing retail markets.Future Retail's subsidiary SHME Food Brands will open newer stores as well as convert existing locations to the 7-Eleven brand, starting this year. The retailer that has nearly 67,000 stores world over including 7-Eleven among other retail formats, said products mainly in beverages, snacks and fresh foods with local recipes will be part of the initial convenience offering.“This strategic relationship offers an excellent opportunity to bring 7-Eleven’s brand of convenience and its iconic products to the Indian consumer,” 7-Eleven Inc. International Head Ken Wakabayashi, said. "7-Eleven will support Future Retail Ltd to implement and localize the unique 7-Eleven business model," he added in the statement.ET was the first to break the news of the impending partnership in its Feb 14 edition.The Japanese-owned, US-headquartered 7-Eleven generates nearly a third of its sales in the Asian country. The Future Group's latest move will be pitched against round-the-clock convenience store chain Twenty Four Seven, promoted by Modi Entreprises and In & Out, which is run by state-owned Bharat Petroleum Corp. Ltd.“7-Eleven, Inc. is among the most iconic global brands in the food retail landscape. We are proud to bring this globally trusted convenience store to India and build new pathways together that will offer Indian customers greater convenience and choices, within their own neighbourhood,” said Kishore Biyani, founder of Future Group, which runs 1,444 stores in 409 cities, and generates most of its revenue from food and grocery retailing.It already has three smaller store brands--Easy Day, Heritage Retail, and Nilgiri's--that have been acquired in the past few years and contribute 15% to sales. It plans to have 10,000 small stores in the next few years in the country where kiranas or local grocers with small format outlets still account for nearly 90% of the all consumer products sales.Globally too, corner shops including 7-Eleven in Japan, Taiwan, Thailand and Singapore, Lawson in Japan and Oxxo in Mexico are among the largest retailers in their respective markets, reflecting the growing business of small outlets in several countries despite the presence of international supermarket and hypermarket chains. Since 2012, most of the large grocery retailers in the country have reduced store sizes by 13-35% to drive more profit through higher revenue per square feet.A recent report by Antique Broking expects Future Group's small-store business to breakeven at an ebidta (earnings before interest, taxes, depreciation, and amortisation) level by the end of FY19. A year ago, Trent Hypermarket, a joint venture between the Tata Group and Tesco exited its small store business that operated under the Star Daily brand.Future Consumer, also sells its own brands of snacks, cookies and other packaged foods, can piggyback on global chain to push its wares beyond Big Bazaar stores. The FMCG arm already gets about a quarter of its sales from about 120,000 general stores.

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Risk of India-Pakistan war may hang on the fate of IAF pilot

The full political fallout of the exchanges remains unclear, but it's evident that the capture of a pilot "complicates matters and will heighten tensions," said Sandeep Shastri, a political scientist and Pro Vice-Chancellor at Jain University in Bangalore. Neither country can afford a full-blown conflict, yet neither leader can afford to look weak, he added.

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Harry Potter: Wizards Unite to Launch This Summer, Warner Bros. CEO Confirms

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Soor Is a Beautiful New App for Apple Music That's Made in India

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BSNL Discontinues 5 Long-Validity, Data-Only Prepaid Recharge Plans in Select Circles

The Rs. 549, Rs. 561, Rs. 2,798, Rs. 3,998, and Rs. 4,498 data-only BSNL prepaid recharge plans are still available in some circles.

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BSNL Discontinues 5 Long-Validity, Data-Only Prepaid Recharge Plans in Select Circles

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How politics on air strikes is playing out in Pak

During these times of heightened tensions between the two countries, the current political debate in India on the fallout of the air strikes is also being used in Pakistan as part of the propaganda war.

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Mukesh Ambani's plan to become India's retail king has a problem

By Ari AltstedterThere’s a wrinkle in plans made by Asia’s richest man to take on Amazon.com Inc and Walmart Inc on his home turf in India: his telecom and retail businesses can’t share data.Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd., has outlined how he will marry the might of his group’s 9,900-plus retail stores and 280-million strong telecom user base to bolster his e-commerce venture. A senior Reliance executive says that any data sharing on customers between the two, could run into a legal wall.“They are different companies so there are data privacy rules,” Ashwin Khasgiwala, Reliance Retail Ltd.’s chief financial officer said at a conference in Mumbai on Tuesday. “They’re different platforms,” he said while declining to elaborate on how the group plans to overcome it.While its brick-and-mortar retail businesses are housed in Reliance Retail, the telecom operations are in a separate legal entity Reliance Jio Infocomm Ltd. Legal hurdles in sharing information can stymie a variety of lucrative uses of that data to sell more products to customers.Ambani, who calls data the ‘new oil’ and has warned of ‘data colonization’ by overseas firms in India, can potentially find workarounds for the legal snarl. One option would be to merge the two Reliance units.Data sharing between “two legal entities is going to be very difficult,” said Abheek Singhi, head of Boston Consulting Group’s consumer practice in India. “My view would be at some point in time, at least from a legal entity perspective, it will come together.”

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How our IAF pilot landed in enemy territory

NEW DELHI: Wing Commander Abhinandan Varthaman’s actions have set the tone for the Indian Air Force’s approach in an air battle if the standoff with Pakistan escalates.Details of the aerial combat on Wednesday morning suggests the MiG21 combat pilot locked and fired at a Pakistani F16 target along the Line of Control.Sources who did not wish to be named said the engagement started when at least ten Pakistan Air Force (PAF) aircraft were seen heading for military targets along LoC. A combat air patrol, which had at least two MiG21 fighter jets and Su30MKI fighters, was launched from the Indian side to engage them.Varthaman managed to let off a short-range R73 missile against an intruding F16, which brought it down. During the engagement, his MiG21 crossed LoC to retain the lockin on the target and was shot down either by a surface-to-air missile or another Pakistani jet. Sources said the Pakistani jet was a twin-seater and that the fighter formation had taken off from three different bases.The Pak jets retreated without causing any damage in India. “There is corroborating evidence that an F16 engaged was shot down. It was engaged by our MiG21 Bison fighter,” an officer who did not wish to be named said. Pakistan has released videos of Varthaman and pictures of the MiG21, but there is no evidence yet of the downed F16. However, officials said ground troops saw the Pakistani jet going down.Activity has heightened along the Indo-Pak border and commercial flights have been suspended. Sources said IAF has cancelled the leave of all essential personnel and they have been assigned operational duties.Though the next step will be taken by the political leadership, IAF’s options include an escalated air engagement with Pakistan, which has vastly inferior number of combat jets. In case of an escalation, IAF can undertake shallow air raids to draw out PAF jets and engage them with a superior force.

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Who will blink first? India, Pak weigh options

By Iain Marlow and Chris KayAs Asia’s most acrimonious rivals face off, the fate of a captured Indian Air Force pilot may hold the key to whether -- and how -- each side is able to step back from broader conflict.India and Pakistan, which have fought three major wars since the bloody partition of 1947, regularly exchange artillery and small-weapons fire across a disputed border. But the situation that flared up earlier this month escalated dramatically into Wednesday, with the loss of an Indian MiG 21 fighter jet and the pilot later paraded on Pakistani television.While the US, Russia and China are all calling for calm, domestic political pressures make it far from easy for either side in the conflict to back down. India’s Prime Minister Narendra Modi must contest a general election within weeks, while his counterpart, Imran Khan, faces a military that is seeking to assert its dominance when Pakistan is in the eye of a financial and economic storm.The full political fallout of the exchanges remains unclear, but it’s evident that the capture of a pilot “complicates matters and will heighten tensions,” said Sandeep Shastri, a political scientist and Pro Vice Chancellor at Jain University in Bangalore.Neither country can afford a full-blown conflict, yet neither leader can afford to look weak -- all the more so with their publics whipped into a nationalist frenzy.‘Vulgar display’Still, in an address to the nation, Khan called for India-Pakistan talks to resolve the situation, saying that “better sense should prevail.” A Pakistani official in Washington said his country wants peace and dialogue with India to avoid escalation and confrontation, but he said India must help resolve the underlying conflict over Kashmir.That may in part reflect Pakistan’s greater exposure to the financial and economic fallout. Pakistan’s benchmark stock index plunged as much as 3.8 percent in Karachi, while India’s S&P BSE Sensex was down a mere 0.2 percent in Mumbai after gaining earlier in the day.Any sense of optimism in New Delhi at Khan’s conciliatory stance was undermined by the appearance shortly later of the downed Indian pilot on television, thanking the Pakistani Army for rescuing him from a mob. India’s Foreign Ministry promptly objected to “Pakistan’s vulgar display” of air force personnel “in violation of all norms of International Humanitarian Law and the Geneva Convention.” It demanded the “immediate and safe return” of the pilot.The Pakistani official in Washington, who spoke on condition of anonymity, said the pilot in custody is being treated well and isn’t under duress. Modi, who must contest a general election within weeks, is drawing political capital by using Pakistan as a punching bag, the official said.The Pentagon said in a statement Wednesday that Acting Defense Secretary Patrick Shanahan’s “focus is on de-escalating tensions and urging both of the nations to avoid further military action.”The latest incident “puts enormous pressure on the Modi government in India to continue pressing ahead with the cycle of retaliation,” said Pratyush Rao, associate director for India and South Asia at consultancy Control Risks.Airspace shutIndian and Pakistani fighter jets engaged each other early on Wednesday in one of the most serious military confrontations in the fifty years since the 1971 Indo-Pakistani War. India and Pakistan each shut parts of their respective airspace in the wake of the action.While skirmishes between both sides are not uncommon, particularly in the disputed Kashmir region in the north, the geopolitical importance of the actors is changing. Pakistan is the main conduit to Afghanistan and enjoys at least nominally good relations with China, while India is aligned with the U.S. and has ambitions to become a true global power.India in particular has transformed since the two countries last faced off in 1999. Now the world’s fastest growing major economy, India’s population of some 1.3 billion is forecast to overtake China’s to become the world’s largest by 2024.New Delhi and Islamabad both say publicly they don’t want the situation to escalate. But domestic politics suggest India and Pakistan may continue to spar regardless. Modi is facing a stiffer contest for re-election this spring than had been projected even a few months back, as he reaches out to his country’s more than 875 million voters at a time of weak job growth. The apparent capture of a pilot exacerbates his dilemma.Burger discountsOn the ground, tensions have run high ever since India blamed Pakistan for a suicide bombing in Kashmir on Feb. 14 that killed 40 Indian paramilitary troops. Some Indian hotels put up signs saying Kashmiris weren’t welcome, while a sitting state governor urged Indians to boycott the state and Kashmiri businesses. After India’s retaliatory airstrikes on Tuesday, an Indian burger chain offered a celebratory 20 percent discount.The early morning raid, when Indian fighter jets crossed into its neighbor’s airspace and bombed what India said was a major terrorist training camp, “was done purely in self defense,” said G.V.L. Narasimha Rao, a lawmaker and spokesman for Modi’s Bharatiya Janata Party. “India does not have any intention to escalate the fight.”Modi and his government now find themselves in a bind: Unable to concede and yet constrained in its actions by Pakistan’s apparent capture of a pilot, said Michael Kugelman, a senior associate for South Asia at the Wilson Center in Washington.“The bottom line,” he said, is that “Modi can’t afford politically to accept the olive branch that Pakistan has now extended to him.”Pakistan’s militaryFor his part, since coming to power last year on a ticket of transforming his nation, Imran Khan has repeatedly called for peace talks with India -- while running up against a grinding economic malaise that forced him to try to raise funds from China, Saudi Arabia and the United Arab Emirates. His government is also negotiating Pakistan’s 13th International Monetary Fund bailout since the late 1980s. President Donald Trump’s decision to cut some $2 billion in U.S. security aid has also squeezed Pakistan’s defense funding.Fear of Indian dominance continues to dictate strategy in a military that has directly ruled Pakistan for almost half its 71-year history. The army is the nation’s most dominant organization and has long been seen as one of the main obstacles to peace with India. The latest flare-up will likely help boost its case for more spending, said Kamal Alam, a visiting fellow at the London-based Royal United Services Institute for Defence and Security Studies.It’s just possible that there’s already been an end to the military action, with honor maintained on each side leading to international mediation, said Katharine Adeney, director of the University of Nottingham Asia Research Institute. There’s a caveat, however. “It really depends on how Pakistan uses the captured soldier,” she said.

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NCLAT orders resolution on Essar Steel bid by March 8

The National Company Law Appellate Tribunal (NCLAT) Thursday directed the NCLT Ahmedabad bench to take a decision on the Rs 42,000-crore resolution plan submitted by ArcelorMittal for debt-ridden Essar Steel by March 8.A two-member NCLAT bench, headed by Justice S J Mukhopadhaya, said that if the Ahmedabad bench of National Company Law Tribunal (NCLT) fails to pass an order by this deadline, it would call records and pass an order."Adjudicating authority (NCLT) has to pass final order by March 8, failing which this appellate tribunal may call all records including resolution plan approved by committee of creditors (CoC)," said NCLAT.The appellate tribunal has directed to list the matter on March 13 for next hearing.It has also directed the registry of NCLT to communicate this order to the Ahmedabad-based bench and its members.The NCLAT directive came while hearing an application filed by ArcelorMittal whose Rs 42,000-crore takeover proposal of Essar Steel has been approved by the CoC, and is pending before the NCLT for approval.Earlier, on January 29, NCLT Ahmedabad had rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of the Insolvency and Bankruptcy Code.The NCLT had said that Rs 54,389-crore offer by Essar Steel Asia Holding, which is much higher than the ArcelorMittal's Rs 42,000 crore bid, is not maintainable as the only way to make a proposal is through Section 12A.Essar Steel owns a 10-million-tonne steel mill in Gujarat.

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Lupin launches chronic angina treatment drug in the US

Drug maker Lupin Thursday announced exclusive launch of Ranolazine extended-release (ER) tablets, indicated for the treatment of chronic angina, in the US market.The newly launched product, in strengths of 500 mg and 1,000 mg, is a generic version of Gilead Sciences' Ranexa ER tablets, Lupin said in BSE filing.Quoting IQVIA MAT December 2018 data, Lupin said Ranolazine ER tablets, 500 mg and 1,000 mg had an annual sales of approximately USD 945 million in the US."This is a meaningful product and further strengthens our portfolio of generic products in the US. Launching exclusive and semi-exclusive generics is an important stepping stone as we transition to more complex generics," Lupin Managing Director Nilesh Gupta said."Products like Ranolazine bring significant savings to US consumers and are a key part of our vision to bring exclusive high quality, affordable medicines to the market, he added.Shares of Lupin were trading 0.29 per cent up at Rs 769.95 apiece on BSE.

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NCLAT directs NCLT Ahmedabad to take call on ArcelorMittal's Essar Steel bid by March 8

The National Company Law Appellate Tribunal (NCLAT) Thursday directed the NCLT Ahmedabad bench to take a decision on the Rs 42,000-crore resolution plan submitted by ArcelorMittal for debt-ridden Essar Steel by March 8.A two-member NCLAT bench, headed by Justice S J Mukhopadhaya, said that if the Ahmedabad bench of National Company Law Tribunal (NCLT) fails to pass an order by this deadline, it would call records and pass an order."Adjudicating authority (NCLT) has to pass final order by March 8, failing which this appellate tribunal may call all records including resolution plan approved by committee of creditors (CoC)," said NCLAT.The appellate tribunal has directed to list the matter on March 13 for next hearing.It has also directed the registry of NCLT to communicate this order to the Ahmedabad-based bench and its members.The NCLAT directive came while hearing an application filed by ArcelorMittal whose Rs 42,000-crore takeover proposal of Essar Steel has been approved by the CoC, and is pending before the NCLT for approval.Earlier, on January 29, NCLT Ahmedabad had rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of the Insolvency and Bankruptcy Code.The NCLT had said that Rs 54,389-crore offer by Essar Steel Asia Holding, which is much higher than the ArcelorMittal's Rs 42,000 crore bid, is not maintainable as the only way to make a proposal is through Section 12A.Essar Steel owns a 10-million-tonne steel mill in Gujarat.

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Modi's second stint as PM may send Sensex 7% higher: Poll

BENGALURU: How Indian shares fare this year will depend heavily on the outcome of national elections in May, with market experts polled by Reuters saying a majority win for the ruling party would be the most favourable outcome for equities. Since hitting a record high of 38,989.65 on August 29, the BSE Sensex has fallen roughly 8 per cent. This year, it is down about 0.3 per cent as there has not been the kind of recovery from late 2018's deep equities selloff that other major stock indices have had. The absence of a 2019 rally partly driven by increasing uncertainty before the election, reflected in a second consecutive cut to 2019's outlook in the latest quarterly Reuters poll of 50 equity strategists. The polling was conducted on February 13-26 before the escalation in tensions between India and Pakistan after both sides said they shot down each other's fighter jets. The Sensex is forecast to gain 2.7 per cent to 36,960 by mid-2019 from Tuesday's close of 35,973.71, just a touch lower than the 37,000 predicted three months ago. The index is then expected to rise to 37,975 by end-2019, a downgrade from 39,400 forecast in November's poll. Late last year, the ruling Bharatiya Janata Party (BJP) lost power in three key states, handing Prime Minister Narendra Modi his biggest electoral defeat since he took office in 2014. "Despite the recent state election outcomes, the base case assumption continues to remain, with the incumbent party coming back to power for another term," said Hitesh Agrawal, retail research head at Religare Broking. "This will be taken positively by the market, which likes certainty and continuity, especially on the policy front. Any other general election outcome will lead to a knee-jerk reaction." RECOUPING LOSSES? But at best, Indian stocks are forecast to only recoup losses they incurred late last year. If the BJP wins a majority of seats, that would help the Sensex gain over 7 per cent in the election's immediate aftermath, according to strategists who answered an additional poll question. However, if BJP falls short of a majority and has to form a coalition to stay in power, Indian stocks are expected to rise only half that much. If the Indian National Congress (INC) party wins a majority, Indian shares were predicted to rise about 2 per cent immediately after the election. But the Sensex is forecast to fall 3 per cent if an INC-led coalition forms the next government. An alliance of regional parties would be the worst outcome, knocking the market down 7.5 per cent in the vote's immediate aftermath, according to the poll replies. Rajat Agarwal, Asia equity strategist at Societe Generale, said the equity market "is sanguine about politics at this point". But while a return of the National Democratic Alliance (NDA) under Modi's leadership "should be hailed by the market, equity markets could de-rate in the near-term if the BJP loses", he noted. The tepid outlook for Indian stocks also stems from a slowing domestic economy that has dampened investors' interest in already over-valued stocks. India's economic growth likely slowed again in the final three months of 2018 after a worse-than-expected performance in the prior quarter. The October-December growth number will be reported later on Thursday. The Reserve Bank of India, which surprisingly cut interest rates on February 7, is widely expected to cut them again in coming months, according to a separate Reuters poll. That could also provide a boost to the market. Nearly 90 per cent of strategists who answered a separate question said earnings growth, which has failed to rise at a significant pace over the past four years, will improve. Societe Generale's Agarwal called the elections a "risk event for equity markets in the near-term". But a study of past ones "suggests that beyond the short-term reaction, the equity markets align themselves to the trajectory of corporate earnings", he added. "The medium-term prospects of the equity markets are well supported by the earnings recovery, domestic liquidity and a new private capital expenditure cycle."

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Shankar Sharma: India will likely lag its EM peers

Same government coming back, does not mean much for the market; another government coming back for temporary period might mean a bad thing but market might then end up thinking that new thinking might not be such a bad thing. So we will wait and see, said Shankar Sharma, VC & Joint MD, First Global, in an interview with Nikunj Dalmia of ET Now. 68196059 66931376 66918133 Edited excerpts: What is happening to the world? 2018 was a shaky year. It took everything on the chin. In 2019, has world made a comeback? World is fine. I do not think world has any problem. We can see how China has performed over the last few days. It has put behind trade tensions, trade wars. The world is a very peaceful place. I do not see any problems and I am talking about the world at large, not necessarily in our backyard. Rest of the world seems to be talking progress and economy and rates and jobs and I think the world is in a good place. US is doing very well. Russia and Brazil have performed dramatically well. China, which was a laggard, has in my view now broken out and now you will see a lot of outperformance from China. The world seems to be a great place to put money into equities. Even the US had a very ugly December but do you even remember that now? It has gained back pretty much everything. Even a stock laggard like Apple is now at a three-month high. So things are looking good globally. If things are looking good globally, why is India underperforming? Global trends in 2018 were negative, but we stood tall. Now they are better, but India has to align with global reality? As long as we are going to do all that we are doing, I do not see why India should be bucking the trend that it has seen in the last few months. It is just that stock markets like peace, calm, harmony, progress, discussions around economic issues, discussions around employment, not the stuff that we are largely discussing these days because that is a path to nowhere. Nobody got rich or prosperous discussing war and temples and stuff like that. So I am little worried about the discourse that we have right now, taking us away from what really the country needs and obviously we need to grow a lot faster than we are. We need to have more people coming into the employment net. We need to have companies declaring much better numbers. So we need to focus on the good things but somehow the discussion and discourse in India is a little different. If you were to question that, then obviously you yourself questioned as to why are you taking us away from what we love discussing these days which is border and tension and Pakistan and stuff like that. So, it is okay. We both know that good news and good prices do not come together. Right now news is not very market friendly whether it is geopolitical, earnings, or the promoter front. But do you think it is time to start shopping? My view is that some of the stocks are still fine, some are dodgy. Many corporate groups look extremely dodgy. So there is a mixed bag of players out there. Several of them have corrected which I think is great and if you are brave, you can go and buy them. But I am not prepared to make a big market call and say the worst is over. I could be very wrong on that but that is okay. I am invested. I will be happy if the market rallies and rally sharply from here on. It is just that I do not want to stick my neck out and say that worst is over and blood is on the Street and so let us go and buy some stocks! Like I said, we do not know how the stuff that is currently dominating the chatter, plays out. We do not know how all this affects the elections. There are many imponderables out there. I recognise the fact that sometimes market can work very differently from what people generally anticipate. I am prepared to take that risk and I would rather not stick my neck out and make a big call on where the markets are headed. But there are many stocks that look very attractive and we will stick to that. Let us look at all the scenarios, to understand what the markets are pricing in. Scenario number one – the current government comes back into power in the current avatar. Scenario number two – the current government comes back with outside majority and third is that we see a change of guard and a new government takes over, backed by a different political party. What do you think markets are betting on? So, let us assume the same government comes back. I do not see why that itself should mean a big upmove in the market because if the same government comes back, you will have the same policies, good or bad. I am not making a judgement on that but it will be basically more of the same. In that case, the markets will just replicate or keep going down the path they have gone for the last few years which has been not very bad, but not very good either. So it has been a mixed kind of thing. India has not been a huge outperformer or a huge underperformer barring of course the last couple of months. If the same government comes back, I do not see any cause for the markets to suddenly go up 20% a day because it will be the same thing being repeated all over again. On the other hand, if another government comes to power, the market is now left with a whole new set of things to figure out. Let us say the UPA comes back in some form, in which case the markets might say okay for a minute it is very bad news because we love the current government and any stable government or any existing government going out is generally considered to be a bad thing, but then we had 10 best years of stock market growth and the 10 best years of economic growth under the UPA. So, maybe then it is not so bad. Remember, in the first phase, which was the best phase of the UPA -- UPA-1 -- they had the Left to contend with and despite that we had terrific numbers. The markets in my view will sit and take a deep breath once the numbers are out and in either event, I do not think you are looking at a very substantial up move. If the same government comes back, I think it will be more of the same so it will just continue around the path. Other government sort of comes, it might have a down day but the markets will then sit back and re-examine past data and say it is not that bad and India’s policies for whatever they are worth will still continue and a fresh government might give you some fresh thinking. So it is a complicated question and there are no clear answers, but my sense is that the same government coming back, does not mean much for the market; another government coming back for temporary period might mean a bad thing but market might then end up thinking that maybe new thinking might not be such a bad thing. So we will wait and see. So you are of the view that markets are unlikely to move higher in the short term, the underperformance in India is here to stay. There is a case for anxiety because of geopolitical events and because of election. What kind of picture do you think could emerge in the runup to the election? Is a 10-15% fall likely? Of course. If you are talking 10-15%, I do not think there is anything to discuss. If you are talking a 10-15% decline in markets and you are going to put 10-15-20% of your capital, that is a pretty good area. But I do not think markets are going to decline 10-15% and that is going to be a huge fall if that were to happen! I do not think we are set up for that kind of fall unless something very drastically wrong happens at the border and you do not know how things can happen in such volatile situations. Leaving that aside, I do not think the markets are set for 10-15% decline. If they were to happen, there will be many stocks which will fall 30% and they have already fallen 30-40%. That means you are looking at incrementally 50-60% from the peaks. As long as you are confident of the companies’ numbers and they do not have leverage, you can put money to work in those kind of situations. You have been a big votary of small and midcap stocks. When there is such a negative wave of selling of mid and smallcaps, how would you safeguard your small and midcap portfolio?If anything, I am even more bullish because there are newer companies that I have seen look very good and numbers are very strong. We had stocks falling 30-40% and I have always said that this is a volatile category. If you do not have the stomach to withstand 30-40% fall on your portfolio, then you should not be in this category at all. Rather, you should not be in equities at all! Forget about smallcaps because even largecaps will take a 20% knock. I see any number of very good companies’ numbers for the next 12 months. After even two years in the bag, stocks are down 40-50%. I think you are going to do very well buying a number of them.You have liked the chemical space in the past. There were a lot of chemical stocks in smallcap space which became part of the midcap space. But after the market correction, they have gone back to the smallcap space. Why do you like chemical companies, the so-called old economy B2B businesses which some would say do not have the pricing power?The entire chemical space is very good even now. Look at companies like Vinati Organics or Aarti. These companies have been stellar performers over decades and there are many around. There is a very tiny company which I cannot name, which just in last 12 months went up 20 times. There are so many names like that. If you pick them right, it is a sector which obviously has been very volatile over the last 10-15 years because of chemical prices moving all over the place, but there has been some kind of solidity coming in.You have to figure out these companies. I am figuring out one new company right now as we speak. It is a good overall space and that apart, there are a number of smallcap companies which do not fall into any category. I am looking at a number of them. I mean, I am very optimistic on this space.Should one not get tempted by the price fall in NBFCs? NBFCs now have a balance sheet issue. Never ever say where is the bottom in financials. People keep talking about this was four times book, this is now only two times book or this was two time book and now 0.5 book. You do not have a clue what the book is! Long and short of the whole story is that off balance sheet, there are all kinds of structured transactions. It is a whole black box in terms of balance sheets of financials, not just in India, but across the world and we are probably a little better. In such a ,situation the book is frankly just simply calculable. When you cannot calculate the book, then why waste time calculating price to book? As for NBFCs, I have been very clear even in the boom period that they enjoyed for the last couple of years, that this is not a sector I want to put even one rupee of my capital into and nor would I advise other people to. But of course, it is up to the people to take their chances. It is a sector in which your cost of funds is higher than that of banks and therefore you need to find higher cost borrowers in order to make a reasonable spread. As a result, you go out there lending to people who generally have dodgy credits. That is why the real estate or promoter funding and structured transactions work well when you have a rising market. The moment you have a bear market -- and we have seen a 12 month- 13 month bear market -- the tide recedes and that is when the quality of collaterals is exposed. That is when you start demanding more cash or more collateral and that is when promoters or your borrowers simply do not have additional cash or collateral to give you. Result: your stock prices start to take hits and that is why you have seen all of them collapse. I was looking at the valuations of NBFCs. How can financials trade at seven times book and six times book and eight times book? This is absurd and even after correction they are like three, four times book value! I just do not think it adds up. This sector should trade at book, 1.2 book or 0.8 book. That is pretty much the range it should trade at given the risk in their core business models. But in an euphoria you will find these kind of companies running up a lot. They are just cooling off but I am not sure whether you have seen the bottom here.What to your mind could be the second derivative impact of the slowdown in NBFCs? They were lending to the consumer space, retail space, the Bajaj Finances and some would argue the Cholas of the world. They have created very big consumer retail businesses. Are we in for a sizable slowdown if not in the infrastructure space, but in the consumer/consumption space?Of course, the NBFCs were not really lending to the infra and all those sectors unless it is at the promoter level. But they have lent a lot to real estate and that we all know is in deep strife and a reasonably large part of the consumer boom in India that we have seen in the last three, four years, has been funded by NBFCs. People are not extending credit anymore because whatever the inflows are is simply going to pay off the liability. No net new credit is being created by NBFCs in aggregate. That will have a knock-off effect on consumption for sure. You will see that happen and the stock market did what it did because of the consumption story and not because of any other part of the story. If that slows down, we have a little bit of a pickle on the earnings momentum part.Is India in a Jekyll and Hyde kind of a situation where the good news is that we have corrected, valuations are looking reasonable but the negative part is that we have got elections, we do not have a proper earnings recovery to keep the consumption engine going while the investment engine will keep us dragging down?India has been a very confusing market. In the last six months, there have been equal number of times when I have thought that India is breaking out and is putting all the problems behind it. Just when I start to get a little confident, it just kind of reverses, including as recently this morning, from where we started to then what it did during the day, it has been just impossible to get a very clear line of sight into where India is going. On the balance, it does look that it will lag its peers in the emerging market space, that is at least my reading so far. The tape is telling you that. But like I said, it has been all over the place in the last few months time and it is very hard to say that India is an outperformer or India is an underperformer.You always say a bull market is on somewhere in the world. Where do you think the bull market is on and what should be the right asset allocation?Emerging markets look very good. They have underperformed quite a bit but they are coming back. US looks very, very good. By and large, equity looks good and is not in trouble at all. You would see the periodic corrections of the kind we saw in December in the US but I am very optimistic on global equities and within that, the EMs look the best because they have lagged a lot of and with China now sort of coming back, EMs look very good. I am very optimistic on emerging markets equities. You are a great tape reader, you do not look at valuations or pricing but you look at the screen and the tape. What is the screen telling you?Well that is what the tape is saying. I mean, do not take my word for it, you just have to go and see. The tape and data is pretty clear that -- and that’s a little bit of a concern and disappointment -- because usually India is a very robust market in good times and in bad times. The world is going along pretty okay. In that situation, India should have been blowing out the lights. That we are not, is a matter of disappointment for me both as an Indian and as an investor.Which is the one big regret you have about your investing career? Which is that one big asset allocation or stock purchase or stock transaction you would like to reverse? Hand on your heart. you would say oh I did a mistake otherwise I would have been a billionaire?It is very straightforward, I should have bought all the MNCs in India in the 90s which were trading at 60 times earnings onwards to 150 times earnings. Gillette Shaving Products was trading at a 150 times earnings and Lever was the cheapest, trading at 60 times earnings. Everything else -- Nestle and the others were trading between 60 and 150. I thought they were very expensive and never bought them. In hindsight I should have-- that was a big mistake. We should have loaded up on them believing that India will always be expensive towards so- called higher quality companies. I somehow could not ever believe that even for quality you should be paying 60 or 150 times earnings, but I was clearly wrong.

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Fake news & misinformation on Indo-Pak tension flood the social media

New Delhi: The intensifying tension between India and Pakistan since Tuesday’s air strike has turned the social media into a virtual battlefield and fact-checkers are left grappling with a deluge of misinformation and fake news.Tweets from #BalakotAirStrike #BringbackAbhinandan, #SayNoToWar, #MiG21, #F16, #PakFakeClaim #PakistanPM had been trending all through Wednesday with unabated exchange of barbs from both sides of border. Videos of previous air-shows and photos of crashing fighter jets were being peddled as latest from both the countries on various platforms.“We saw a huge rush post the Pulwama attacks and since the Balakot air strike, several stories were fact-checked on Tuesday itself, including that of woman pilots being in charge of the operation and some old images and videos going around. There’s a lot of panic on the social media since the aggressive stance taken by Pakistan on Wednesday. It’s going to be a big challenge as this is the first such cross-border aggression between the two countries, which is playing out live on the social media,” said Jency Jacob, managing editor of fact-checking website BOOM, which works in partnership with Facebook.Jacob said all kinds of misinformation was floating around, including a video of anti-aircraft guns being ferried and seized in Mumbai which was found to be incorrect after checking with Mumbai police.“A video which went viral was of fighter jets destroying some location. It was found to be a video game clip. There are other videos of jubilant soldiers which had nothing to do with this event. There are lots of old crash photos circulating as IAF fighter jets being shot down by Pakistan. All old videos and photos will show up on people’s feed over the next few days,” he said.Mails sent to Facebook, Instagram and WhatsApp on steps taken to pull out content did not elicit a response till press time. Hashtags like India and Pakistan and F-16 had generated over 2.21 lakh tweets and 89,000 tweets till Wednesday evening. 68194232 "We do not allow coordinated attempts to manipulate our service, and take proactive steps to ensure we’re removing networks of accounts engaged in this behavior," said a Twitter spokesperson but did not share specific details. "Everyone has a role to play in ensuring misinformation doesn’t spread online and we encourage people to use media literacy best practices and not to share information unless they can verify that it is true," the spokesperson added. On the Check4Spam website, a non-profit entity that verifies posts on social media, the web traffic, or the number of people coming to the website to fact-check stories, jumped 79% on February 26 from a month ago. Founder Shammas Oliyath said WhatsApp was the main harbinger of misinformation as per their website.“There are lots of fake messages and content on WhatsApp as expected. The media is also picking up information without verifying. They have taken an old Pakistani video and are showing it as an Indian strike video from Balakot. The Pakistani side has used our old Jodhpur fighter jet crash video as their video of shooting down an Indian fighter jet,” Oliyath said.“Ever since the Pulwama attack, it has been crazy for the fact-checkers. We have been bombarded through various channels. It is a non-stop deluge,” Alt News founder Pratik Sinha said.

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What will happen if Masood Azhar is banned by UN

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Star Trek: Discovery Renewed for Season 3, Adds a New Showrunner

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Star Trek: Discovery Renewed for Season 3, Adds a New Showrunner

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Redmi Note 7 With Dual Rear Cameras, 4,000mAh Battery Launched: Price in India, Specifications

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Spotify vs Apple Music, Gaana, Google Play Music, JioSaavn, Amazon Music, and Others: How Does It Compare?

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Redmi Note 7 Pro With 48-Megapixel Camera, Snapdragon 675 SoC Launched in India: Price, Specifications

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Star Trek: Discovery Renewed for Season 3, Adds a New Showrunner

Star Trek: Discovery has been renewed for a third season, CBS All Access announced Wednesday. Michelle Paradise is joining Alex Kurtzman as co-showrunner.

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With summer vacation break around the corner, plan a wholesome trip with children to these locations

Toronto and San Diego family-friendly spots for a trip.

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This summer, take a farmhouse vacation and enjoy brimming activities with kids

Take a minute to pause and admire the many windmills of Amsterdam.

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Foodie? Take your next pilgrimage to these 5 cities

The shrimp sandwiches at Heaven 23 in Gothenburg are an absolute must try.

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Traveller's Diary: Full Moon Party, Madeira Carnival and other grand festivals you must visit

Abu Dhabi is geared up to host the first ever Special Olympics World Games 2019 from 14-21 March 2019.

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Explore homestays to have fun in new settings and be ecologically-conscious

Many Indian families are now keen to explore traditional culture of a new region and prefer homestay options.

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From Thailand to LA, the best food markets across the globe

Rich with history and delectable delights, these food markets are a must-visit.

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Spotify vs Apple Music, Gaana, Google Play Music, JioSaavn, Amazon Music, and Others: How Does It Compare?

Spotify has lots of nice features but it is one of the most expensive music streaming services in India. We’ve compared its features against other streaming services to help you decide which one to go for.

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HMD in talks with parts companies for India operations

The company’s country head for India, Ajey Mehta, said the plan is to finalise an agreement to this effect as soon as possible.

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Fake news & misinformation on Indo-Pak tension flood the social media

Videos of previous air-shows and photos of crashing fighter jets were being peddled as the latest from both the countries on various platforms.

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OnePlus, Qualcomm plan to start 5G trials in India

OnePlus said it began research on the new-age 5G technology in 2016 and a year later, it started working with Qualcomm on OnePlus' 5G device development.

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Technopark ties up with Brigade group for second WTC in Kerala

Technopark has allotted 12 acres of land to Brigade group to build the world trade centre at Technocity.

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Wipro to sell Workday and Cornerstone OnDemand to Alight for $110 million

Wipro said in a press release that a definitive agreement between the company and Alight Solutions has been signed to divest this business to Alight for cash consideration of up to $110 million.

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Facebook admits it needs to do more for content reviewers

Facebook said its agreements with partners explicitly require good facilities, wellness breaks for employees and resiliency support.

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India must manufacture chips for data security: Telecom Secretary

She was speaking after the unveiling of India's first indigenous semiconductor chips by a Bengaluru based company, Signalchip.

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Signalchip launches India’s first indigenous semiconductor chips for 4G LTE, 5G NR modems

The company launched four chips as part of its SCBM34XX and SCRF34XX/45XX series, code-named ‘Agumbe’.

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OnePlus, Qualcomm to start 5G trials in India

The firm recently displayed its first 5G prototype smartphone powered by Qualcomm's latest Snapdragon 855 processor at MWC Barcelona (Mobile World Congress) in Spain.

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Samsung Galaxy A50, Galaxy A30, Galaxy A10 Launched in India With Android Pie-Based One UI: Price, Specifications

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Asus Reveals List of Phones Getting Android 9 Pie Updates in 2019, Including ROG Phone, ZenFone Max Pro M1

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5G Presents Security Challenge for Telecom Operators

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Facebook Not Sharing Key Disinformation Data With EU: Report

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X-Men: Dark Phoenix Trailer – Jean Grey Is Going to Kill ‘Em All

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Redmi Note 7, Redmi Note 7 Pro India Launch Set for Today: How to Watch Live Stream

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Facebook Watch to Broadcast El Clasico Live and Free in India

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Apple Fires 190 Employees From Project Titan Self-Driving Car Project: Report

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Rami Malek in Talks to Play Bond Villain, as Bond 25 Tries to Wrap Up Cast: Report

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TikTok App Fined in US for Illegally Gathering Children's Data

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Huawei P30 Pro Leak Tips Quad Rear Cameras, Curved Display; Alleged Hauwei P30 Renders Also Surface

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Motorola Foldable Phone Development Confirmed, May Debut Under Razr Brand Later This Year

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Samsung Galaxy M30 First Impressions

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FedEx Partners With Walmart, Pizza Hut to Test Last-Mile Delivery Robot

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Samsung Galaxy M30 With 5,000mAh Battery, Triple Rear Cameras Launched in India: Price, Specifications, Release Date

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Google Duo Now Available on the Web, Allows Both Video and Voice Calls

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OneWeb Launches First Internet Satellites in Race With SpaceX

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Spotify India Review: Game Changer or Too Little Too Late?

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Samsung Galaxy A50, Galaxy A30, Galaxy A10 India Launch Set for Today: Expected Price, Specifications

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Samsung Galaxy S10+, Galaxy Buds, Spotify India Launch: This Week on Orbital

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Samsung Galaxy A50 Price in India to Start From Rs. 19,990, Galaxy A30 Will Retail at Rs. 16,990

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Apple Fires 190 Employees From Project Titan Self-Driving Car Project: Report

The layoffs in Santa Clara and Sunnyvale would take effect from April 16, according to an Apple filing with the California Employment Development Department.

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Tesla's Musk Risks Contempt Charge as SEC Argues Tweets Violate Deal

US SEC said Tesla CEO Elon Musk had violated a fraud settlement by making new inaccurate statements on Twitter.

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5G Presents Security Challenge for Telecom Operators

With fifth-generation wireless networks, or 5G, starting to be rolled out this year, the issue of 5G security was in focus at MWC 2019.

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OneWeb Launches First Internet Satellites in Race With SpaceX

OneWeb is about a year behind schedule and watched as Elon Musk’s SpaceX launched a pair of test satellites for a rival space internet service last year.

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Huawei Says US Has 'No Evidence' of 5G Spying Allegations

Guo Ping, Huawei's rotating chairman, used his keynote speech at MWC Barcelona to fight back against US allegations.

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HTC 5G Hub Launched at MWC 2019; Doubles as 5G Hotspot, Battery Pack, and Content Streaming Device

The HTC 5G Hub powered by Snapdragon 855 has been launched at MWC 2019 and it doubles as a 5G hotspot, battery pack, and a streaming device.

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MWC 2019: 5G Is Coming - What Can We Expect?

The successor to the current 4G network technology introduced commercially in 2009 promises nearly instantaneous transfers of huge amounts of data.

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5G, 4G Networks Have Flaws That Allow Location Tracking, Phone Snooping: Report

Co-authors of this new research paper are Ninghui Li, Syed Rafiul Hussain, and Elisa Bertino from Purdue University, and Mitziu Echeverria and Omar Chowdhury from University of Iowa.

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MWC 2019: Look but Don't Touch as Smartphone's Flexible Future Unfolds

Flexible and folding formats framed the future of smartphones this week as manufacturers focused on new forms in an effort to jolt the market out of uniformity and re-invigorate sales.

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Indian satellites can map 87% of land area of Pakistan, in HD

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India will fight, live, work and win as one: PM Narendra Modi

It is necessary to ensure that nothing is done to dent the morale of the security forces, PM Narendra Modi said, a day after Pakistani fighter jets violated Indian air space in response to Indian forces targeting a JeM terror camp in its territory. Modi said India will fight, live, work and win as one and nobody can create hurdles in its march towards development.

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Live: Pak attempt to violate air space thwarted

Border tensions between India and Pakistan have escalated after the Balakot strike by IAF. Each side has lost an aircraft, and an Indian pilot is now in Pakistan custody after his plane was shot down. Stay here for all live updates.

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How the air powers of India, Pakistan match up

India’s airstrike deep inside Pakistan and Pakistani jets’ foray into India has put the focus on the air prowess of the two neighbours following tensions over the Pulwama terror attack.

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Trump: Hopefully India-Pak conflict coming to end

Speaking at a news conference in Vietnam after a second summit with North Korean leader Kim Jong Un, Trump said he had some "reasonably decent" news from India and Pakistan. He did not elaborate.

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Gold Rate Today: Gold inches lower in morning trade

“For the day, gold on MCX is expected to quote in the range of Rs 33,030 and Rs 33,450,” Motilal Oswal Financial Services said.

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Gold near 2-week lows as dollar rebounds on Sino-US trade concerns

The dollar held firm above a three-week low against major currencies.

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X-Men: Dark Phoenix Trailer – Jean Grey Is Going to Kill ‘Em All

We have a new trailer for X-Men: Dark Phoenix, which will quite possibly be the last X-Men movie before its roster of characters get sucked into the Marvel Cinematic Universe.

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Facebook Watch to Broadcast El Clasico Live and Free in India

Spain's top flight signed a landmark deal with Facebook last August which will allow viewers in the Indian sub-continent to watch every game over the next three seasons for free.

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Rami Malek in Talks to Play Bond Villain, as Bond 25 Tries to Wrap Up Cast: Report

Oscar-winner Rami Malek is reportedly in talks to play the villain in the next James Bond movie, which is also on the lookout for an American CIA agent and two roles for women.

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Spotify India Review: Game Changer or Too Little Too Late?

Spotify is now available in India and we tried the music streaming service to figure out what the fuss is all about.

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10 Spotify Tips to Take Your Music Streaming Experience to the Next Level

Spotify is the world’s biggest music streaming service for several reasons. Now that Spotify is available in India, we give you a peek into some advanced features plus tips and tricks.

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Spotify Is Finally in India. Here Are 9 Things You Need to Know About the Music Streaming Service.

The world’s biggest streaming service — Spotify — is now here in India. Here’s all you need to know about Spotify’s launch in India, along with nine top features.

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Maxwell scores hundred, Australia beat India by 7 wickets to wrap series 2-0

Veteran Mahendra Singh Dhoni also played his part with 40 off 23 balls including three fours and an equal number of maximums.

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No evidence against me, life ban imposed by BCCI unfair: Sreesanth tells SC

The 35-year-old cricketer has challenged in the top court the decision of a division bench of the Kerala High Court which had restored the life ban imposed on him by the Board of Control for Cricket in India (BCCI).

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