Full text: USA is ‘primary partner’ for India’s transformation, says Modi in Washington

US President Donald Trump said India was now a “true friend” in the White House. The former Minister Narendra Modi and US President Donald Trump read short statements in the White House Rose Garden after having a personal meeting at the Oval House on Monday. In statements, Trump said that India now has a “true friend” in the White House, while Modi highlighted the US. As a “key partner” for the transformation of India. Full statements of the two leaders, as recorded by the White House, are as follows:

TRIUNFO PRESIDENT: Thank you. Modi’s Prime Minister, thank you for coming here today. It is a great honor to welcome the world’s largest democracy leader to the White House.

I have always had a great admiration for his country and its people, and a deep appreciation for its rich culture, heritage, and traditions. This summer, India will celebrate the 70th anniversary of its independence and on behalf of the United States, I congratulate the Indians of this magnificent milestone in the life of their very incredible nation.

During my campaign, he promised that, if elected, India would have a true friend in the White House. And now it’s exactly what you, a true friend. The friendship between the US And India is based on shared values, including our common commitment to democracy. Not many people know this, but the constitutions of the United States and India begin with the same three beautiful words: we the people.

The Prime Minister and I understand the crucial importance of these words, which helps form the basis of cooperation between our two countries. Relations between countries are stronger when they are dedicated to the interests of those we serve. And after our meetings today, I would say that the relationship between India and the United States has never been stronger, it has never been better.

I am proud to announce to the media, Americans, and Indians, that the Prime Minister of Modi and are world leaders in social networks – (laughs) – we believe – give citizens the opportunity of our country to listen directly to their Elected representatives and listen directly. I think it is very good in both cases.

I am delighted to welcome you, Indian Prime Minister Modi and for everything you do together. Their achievements were enormous. The economy of India is the fastest growing in the world. We hope that we will catch very soon in terms of percentage increase, I have to tell you. We are working on it.

In just two weeks, you will begin to apply the greatest tax review of your country’s history – we also do it by going for great opportunities for your citizens. You have a great vision to improve infrastructure and fight against government corruption, which remains a serious threat to democracy.

Together, our countries can help to chart an optimistic path in the future, which unleashes the power of new technologies, new infrastructure and the enthusiasm and excitement of working people very, very dynamic.

Reliance Jio vs Airtel vs Vodafone vs Idea Cellular vs BSNL: The Top Data, Calling Plans on Offer

Reliance Jio vs Airtel vs Vodafone vs Idea Cellular vs BSNL: The Top Data, Calling Plans on Offer

The Jio dependence has a great entry into the telecom sector in India in September last year and has completely changed the way the market works.

Free calls and Jio data forced market leaders Airtel, Vodafone, Idea Cellular and BSNL to launch the competition plans, a trend that is expected to continue at least until Mukesh Ambani’s brand began its paid services.

However, even after the payment of the Jio service in April this year, rivals have continued to distribute prepaid packages and postpaid plans. In fact, the market sees a new plan announced by the telecommunications companies.

Here we look at quickly the best data offers and discussion points started by all the operators of the Jio surprise summer offer.

With its launch in September last year, Reliance Jio revealed the Jio welcome offering with free data services, call, SMS and applications to customers.

Even though the operator says that the call will remain free in its VoLTE network, its promotional launch of free data, SMS and applications has been extended for three months starting in January with the Happy New Year offer.

The Jio branch started its payment services in April and also presented the Jio Summer Surprise offer three months to customers who buy Jio Primer – R – 99. members valid until March 2018.

The Jio Summer Surprise offer offers 1 GB of data 4G per day to 90 days in Rs. 303 and 2 GB 4G data per day up to three months for Rs. 499.

postpaid customers receive 60GB 4G data for the billing cycle, the FUP is set to 2 GB per day. However, this offer did not last long – with TRAI ordering Jio to end its supplementary services – and was separated by Reliance Jio in a matter of days.

As a replacement, the company proposed a similar offer to that of Dhan Dhana Dhan Jio for key users offering 1 GB of data per day up to three months for Rs. 309 and 2 GB of data per day up to three months at Rs. 509.

There is a big difference between the summer surprise offerings and Dhan Dhana Dhan however – three more months of additional services.

If you were one of the first people to opt for Jio first and perform a later recharge of Rs.

303 or greater value, to be eligible for the offer summer surprise, which gave free free data, free SMS and application services to three months, after which the Rs. Load value 303 (or higher) entered into force.

Customers who do not take advantage of the summer offer Jio La surprise and who were to offer Dhan Dhan Dhan Jio did not receive the services previously described free for the first three months.

The value is loading Rs. 309 and Rs. 509 per day covering 1 GB and 2 GB per day up to three months respectively. After three months, customers will have to restart their Jio number to continue their services.

Now that the Jio summer surprise offer began to expire adopt for the first time, Jio launched new projects to ensure customers get the best deals.

First, there are the Rs. 399 Dhan Dhana Dhan Jio providing for an additional 84 days, providing 1 GB of data per day, and all other services.

The other new Jio plan, priced at Rs 349, provides data users with 20 GB for 56 days with no daily limit on consumption data; However, users will receive 10GB of data during the first 28 days and the remaining 10 GB for the last 28 days with this plan, instead of 20 GB together.

Asus ZenFone AR With 8GB RAM Unveiled at CES 2017; ZenFone 3 Zoom Camera Smartphone Also Showcased

Asus ZenFone AR With 8GB RAM Unveiled at CES 2017; ZenFone 3 Zoom Camera Smartphone Also Showcased

Asus launched the smartphone Zenfone AR with 8 GB of RAM as well as Google’s augmented reality program support and virtual reality software DayDream Tango during CES 2017 technology news with society Asus Zenfone AR unveiled the smartphone Zenfone 3 zoom with a 5000 mAh battery in the event.

The new Asus Zenfone smartphone with AR AR + VR functionality, which was replaced by Qualcomm in recent days, come in several versions; Asus has confirmed at least one version with 6 GB of RAM.

Asus Zenfone AR, like the other Tango device – the Lenovo Phab 2 Pro – is designed around the camera’s vision with a camera and sensor configuration that provides motion tracking, a depth perception and Learning zone.

Unlike other Zenfone smartphones, Asus Zenfone AR has a fingerprint scanner on the front built-in button on the start button. It has a Super AMOLED QHD (1440 x 2560 pixels) 5.7-inch screen that is likely to play an important role in virtual reality. The company added that the Asus Zenfone AR exceeds 79% screen-body ratio.

Under the hood, Asus Zenfone AR uses the high-end Qualcomm Snapdragon 821 processor that the company claims to have been customized for Tango.

With Qualcomm Snapdragon 835 announcing the new SoC, the choice of the Snapdragon 821 processor for the smartphone enabled Zenfone AR Tango and Daydream seems outdated.

Asus at the event confirmed that the company will have an exclusive Asus ZenUI VR 360 degree operator in PhotoCollage, Gallery and ZenCircle applications.

The Taiwanese company also confirmed that the Asus Zenfone AR has a cooling system to prevent overheating of the steam.

The Asus Zenfone AR camera supports a Sony IMX318 23-megapixel camera with TriTech + autofocus system, dual PDAF, second generation Laser Focus and continuous AF.

The rear camera supports the OIS 4-axis (optical image stabilizer) and the 3-axis EIS (electronic image stabilization) for video recording in parallel to the 4K video storage media.

The company opted for a camera in front of the camera 8 megapixels with a f / 2.0 and a large lens angle of 85 degrees.

The Asus Zenfone AR, based on the 7.0 nougat Android, will be available in the second quarter of 2017, with the company announcing the price near the introduction in the market.

Asus has not yet revealed all the specs details for Zenfone AR. Other specifications include specified up to 256 GB of integrated memory expandable by microSD card (up to 128 GB) in a dual-SIM hybrid configuration (Micro Nano +); One 3300mAh battery; C-port type Connectivity USB 2.0 and Bluetooth v4.2 and WiFi 802.11ac.

Asus Zenfone Zoom 3, by contrast, is considered a smartphone “the thinnest and lightest” with a 5000mAh battery, which is a device sound element. It is only 7.9 mm thick, weighing 170 grams.

Like previous Zenfone zoom models, the Asus Zenfone Zoom 3 works like a power bank can charge other smart phones.

Air India parts may take time to digest, but IndiGo is one for the long haul

Air India parts may take time to digest, but IndiGo is one for the long haul

With domestic passenger traffic crossing the $ 10 million mark for the first time in a month of May 2017 and the occupancy factor touching a new high of 88.9 percent, Indian carriers seem to fly high.

The aviation industry, although highly competitive, has a good place with beneficial fuel prices and increased passenger traffic generated by the influx of the middle class.

In this environment, we believe that players with excellent networks and solid financial performance and are well placed.

Interglobe Aviation, known as indigo, the market leader in the domestic sky, now aims to announce its intention to acquire the international operations of Air India and Air India Express.

Is it too ambitious, or is the selection of parts of the national cherry portfolio a well-thought-out strategy that will generate long-term value?

Domestic traffic in India grew by 20 percent composed by AFS-14-17, winning rail market in first-class rail rail traffic registered a growth of rail traffic and lean non-suburban passengers has declined.

The construction industry and additional capacity placed orders for almost 829 aircraft (the current fleet size is 498).

According to an IDFC report, 251 additional aircraft will be added to the fleet before August 20, which will result in an increase in capacity, measured by ASKM (kilometers of seats available), 15% consisted of FY17-20 This additional capacity is expected to increase 17 percent of passenger traffic.

The industry has experienced a load factor of 78.8% in FY 2005 to 81.7% in year 17. The load factor is estimated to be stable at around 80% of additional passenger growth capacity.

The paradigm shift in the industry due to lower fuel prices – from above $ 100 per barrel to the current level of nearly $ 45 per barrel.

As the only fuel contributes about 30 to 35 percent of an airline’s total cost, the price drop has led many airlines to be profitable after posting losses for years.

IndiGo dominates the sky of India with a market share of 40 percent; If international traffic is launched, its market share remains healthy, or 34.9%.

Its passenger traffic recorded a significant growth of nearly 28 percent compared to FY12-17 compound, against industry growth of about 10 percent on the back of its unadorned products at competitive prices, reach and performance in time

IndiGo navigates well in the sky due to operational efficiency. The company has focused on reducing each component that appears in its cost structure.

The cost per unit of Indigo is lower compared to other companies in the sector, as shown in the following table. Even when oil prices were high, the company was able to consistently earn profits. Now, with low prices, you expect the benefits to take off.

The company also has a young fleet (average age of five), which gives it more energy efficiency. Using a single aircraft configuration and class also allows you to reduce training costs.

In addition, the company was able to use its assets better than its competitors: the use of airplanes is 12.7 hours per day (SpiceJet: 10 hours a day).

HPCL gains over 6%, while IOC, ONGC fall as brokerages dissect deal dynamics

HPCL gains over 6%, while IOC, ONGC fall as brokerages dissect deal dynamics

In the context of mergers and acquisitions (M & A) in the oil and gas space, oil trading companies (WTO) reacted in various ways in the stock markets.

HPCL shares rose more than 6 percent intraday, while ONGC and the IOC fell between 1 and 2.3 percent. Investors were encouraged after prospects HPCL reported discussions on mergers.

In the meantime, they were cautious about the rest because the deal would mean more trouble and pain for both.

Oil Minister Dharmendra Pradhan said on Wednesday that the merger between the two companies will be completed during the current year, CNBC-TV18 quoted quoting agencies as saying.

The PTI news agency said earlier this month that the government was trying to sell 51 percent of HPCL to ONGC to more than Rs 26 billion rupees.

Following the outbreak of the Council of Ministers, the government could move to appoint valuation and transaction advisers, while ONGC may also decide to hire commercial banks to arrive at the assessment of government involvement.

ONGC had a cash reserve of 13,014 crore rupees and will finance the acquisition of government participation in HPLC, will be provided at least Rs 10 billion crores, the source said.

Major global brokers have highlighted the good times in the HPLC warehouse, but said the deal could mean difficult times for the IOC and ONGC. Moneycontrol examines the views of the transaction.

The global financial services firm said that since such an operation could be considered as a transfer between shares between developers, it does not require the approval of minority shareholders and can not trigger a mandatory open offer. However, the minority shareholders of both companies may have something to say in this type of transaction, he added.

Minorities HPCL, according to the report, may be worth an evaluation exercise to determine a fair value for the action and see if a control premium is warranted.

“The likely intention of the government (as reported) to seek the advice of independent evaluators and request the open offer exemption, therefore, may indicate caution on their part because the two issues could be the subject of controversy for minorities,” he said. The Citi report.

On the other hand, he highlighted how ONGC may have to sell its stake to finance the acquisition. He cited media reports stating that significant energy could consider selling a 13.8% stake in the IOC.

“This could make a logical sense for ONGC as the value of its share is equal to 4.1 billion dollars, almost equal to the value of the government’s participation in HPLC 51% ($ 4.3 billion CMP),” said the firm In its report.

Citi added that the evolution of strong trends in fuel consumption and daily fuel prices are positive. “While the first quarter could be affected by inventory losses, we asked investors to look beyond these factors,” he added.

CLSA also cited media reports on the completion of the transaction by the end of the year. In addition, he also emphasized how the ONGC debt could increase in the back of this proposed transaction.

“More importantly, an NGO holding structure would be created implying a possible leakage value of Rs 6.5 / sh (4% of the current price) using a 50% premium at the current HPLC price and assuming that the market Allocates a holding company (that is, 20%), “the company analysts wrote in its report.

Meanwhile, for minority shareholders, he said, since it is a government-to-government transaction, it may not be a specific minority approval.

As for the monetization of its problems, he said that with the ONGC plan to sell the money in the IOC, the government also plans to sell part of its 57 percent of the IOC.

“We are seeing a global offer of $ 6 billion or 20% participation in the IOC in the short and medium term, which can be a huge inertia for the population,” the report added.

In addition, he indicated that the activity could lead to many of those transactions. In the oil space, he said, the IOC could be the next big company that could be invited to acquire the small Oil India.

“If offered as an ONGC it could imply a loss of value for IOCL and it would be negative,” said

Baba Ramdev forays into private security business with ‘Parakram Suraksha’

Baba Ramdev forays into private security business with ‘Parakram Suraksha’

The founder of Patanjali Ayurveda and yoga Baba Ramdev guru launched his own security company called Parakram Suraksha Pvt on Thursday

In statements to the ANI, Acharya Balakrishna, CEO of Patanjali Ramdev said: “Security is a very important issue for a man or a woman.

Our goal is to prepare individuals for the safety of the person and the country and that is why we form Parakram.

This will help develop the military instinct of all citizens of the country to awaken the spirit and determination of individual and national security.
“Ramdev has hired members of the armed forces and the police retired to train young recruits interest and intend to make a sure mark,” added Balakrishna.
The latest review

Patanjali Ramdev, made the richest person 25 in India with Rs. 25.6 billion crore of wealth.

The consumer goods company, Patanjali Ramdev that was introduced, has expanded its market, which is a threat to the multinational corporation (MNC) and the giants of large domestic consumption.

Gartner forecasts 2.4% growth in worldwide IT spending in 2017

Gartner forecasts 2.4% growth in worldwide IT spending in 2017

Global IT spending to reach $ 3.5 trillion in 2017, an increase of 2.4% over 2016, according to Gartner, Inc.

This growth rate is higher than expected in the previous quarter of 1.4%, due to the United States. Dollar decline in relation to many foreign currencies.

“Digital business has a profound effect on the way we do business and how we are supported,” said John-David Lovelock, vice president and analyst at Gartner.

“The impact of digital activities that give rise to new categories, for example, the convergence of more intellectual property software.

These next-generation offerings are fueled by commercial and technological platforms that will drive new categories of spending. Industry-specific disruptive technologies include the Internet of Objects (IO) in manufacturing, the chain block in financial services (and other industries), and intelligent machines in retail.

The focus is on how technology alters and enables businesses, “he said.
The global enterprise software market is expected to increase by 7.6% in 2017, up from the 5.3% growth in 2016.

As software applications enable more organizations to generate revenue from digital business channels will require a greater need to automate and publish new applications and features.

“With the growing adoption of business based on SaaS applications, there is also an increase in the acceptance of IT operations management tools (ITOM) delivered from the cloud,” said Lovelock.

“These cloud-based tools enable infrastructure organizations and operations (I & O) to add features faster and adopt the latest technologies to help manage faster release cycles

. If the S & S team does not monitor and does not follow the rapidly changing environment, it may be a deterioration of infrastructure and application services, which affects the end-user experience and can affect both the brand of the brand.
IT spending grew in 2016, but only two of the top 10 IT suppliers of organic revenue growth reported.

With revenue sources still being related to Nexus Forces (convergence of society, mobility, cloud and information), some of the top 10 providers will be better in 2017 thanks to the mobile phone sales force.

Global spending on devices (computers, tablets, mobile phones and UMPC) to increase by 3.8% in 2017, reaching 654 billion. It is from the forecast in the previous quarter of 1.7%.

The growth of the mobile phone depends on the average selling price (ASP) of the premium phones in mature markets due to the iPhone’s 10th anniversary and the increase in the mix of basic phones in commercial phones.

However, the tablet market continues to decline, as replacement cycles are widespread.

GST: How companies are gaming the system

GST: How companies are gaming the system

MUMBAI: A non-descriptive textile trading company registered in Mumbai with an annual turnover of Rs 1 crore or less has become very active.

The company started selling out-of-state products in different categories and could do business of more than Rs 50 crore by the end of the year.

Indirect tax officials suspect that this is one of many fictitious companies used to avoid GST.

Taxpayers control the waves of activity in older companies and the formation of some companies fear that these are created specifically for the TPS game, officials and tax advisors said.

“Many inactive companies have become active and are trading various product categories that they have never occupied.

In many cases, these companies appear to be deliberately included in important areas of activity, “said a tax manager based in Mumbai on ET.

Many companies, especially those with a turnover of 50 million rupees between Rs and Rs 200 million rupees, set up specialized companies to take advantage of GST.

These Shell companies were used to take credit in a transaction from one state to another and accumulate an entry credit, only to be closed one year later before the arrival of the tax inspection.

There are indications that these companies use. Just like in the case of an artificial jewelry maker, a trick that could be replicated by many is running, says a senior tax expert with a law firm.

“The company first sell out of the state through a holding company and claimed 18% GST with the government.

Proponents expect they would stop paying the GST after a couple of transactions, “said a familiar person. Others plan to build the system by repairing products with fairness.

“If a Mumbai company sends goods at a high GST rate say 28% of a company in Delhi, but the invoice shows that they carry food grains, which are 5%.

The buyer in New Delhi will never show merchandise sales and never pay the GST, “said a tax expert.
“These ghost companies, after the GST credit transfer can be again inactive and not be captured if the evasion by company is around Rs 5 crore,” said one person in the know.

Experts point out that, in many cases, tax officials come on fraud, but it will take at least a year or more. At that time, companies have closed their stores and no one is at the registered office.

“The government can possibly capture all those who use ghost companies to build credit and make money.

The only way to make this effective is to monitor in real time and across multiple channels, “said MS Mani, partner of Deloitte Haskins and Sells.

A senior tax official said some tax experts help business people to set up such businesses and the department can follow first.

At a recent conference in Mumbai, several industry experts, including Kerala Finance Minister Isaac Thomas warned that in commercial (B2B) operations, some people might be able to replicate the system.

Paytm acquires majority stake in Insider.in

Paytm acquires majority stake in Insider.in

Paytm acquired a majority stake in the ticketing platform for Insider.in events and properties, including NH7 Weekender, EDC and Fest larva, for an undisclosed amount.

This will allow all Paytm customers to discover a wide range of events and book immediately, according to a company statement.

The industry event organized by the country is currently at Rs 4,000 crore, with organized sports leagues and events representing the majority of ticket sales, according to industry estimates.

The online ticket is only 10% of the total volume due to the discovery of limited facts.

After setting up its online ticketing service spanning 3,500 screens in 550 cities Paytm has grown in sales and uncovering events, helping customers discover events on their platform in a statement.

“The booking of discovery tickets and the event is a challenge for customers and organizers … We believe the digital discovery and experience in event marketing will increase the supply of quality events in India.

This is a natural extension for us as we continue to build for India for movies and online events, “said Madhur Deora, chief financial officer and SVP, in a statement.

Privileged curator of events and experiences that users can discover perfection the best way to spend their free time. The platform also provides tools, data and analysis to the organizers that allow them to conceptualize, market and execute their events more efficiently.

This partnership with Paytm allows Insider.in to reach out to more organizers and exponentially expand this ecosystem in India, he said. DSR NRB

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Flipkart Said to Be Readying Up to $950 Million Offer for Snapdeal

Flipkart Said to Be Readying Up to $950 Million Offer for Snapdeal

The e-commerce leader Flipkart should make a revised offer of 900-900 million dollars (about Rs 5,800 crore – Rs.6122 crore) for the purchase of rival Snapdeal, according to sources.

The new offer is almost equivalent to the original $ 1 billion sale price for the acquisition of the besieged e-commerce market, private development sources said.

They do not want to be identified because the discussions are always over and the agreement has not been signed.

A source said a new offer of 900-900,000,000 should be made next week.

When contacted, Snapdeal, Flipkart and Softbank declined to comment.

The Snapdeal Board has already rejected an offer of $ 800 million to $ 850 million (about 5.5 million pounds) of Flipkart when it felt that the amount has underestimated the company since the due diligence report was clean.

SoftBank, the largest investor Snapdeal, played a mediating role in the sale for several months. The Snapdeal Council was also represented by its founders (Kunal Bahl and Rohit Bansal), Nexus Venture Partners and Kalaari Capital.

Snapdeal also participates in separate talks to sell FreeCharge (mobile portfolio operations) and Vulcan Express (logistic arm).

These offers are also likely to be closed in the coming weeks.

The case between Snapdeal and Flipkart, if completed, will mark the largest acquisition in India’s e-commerce space.

One of the major competitors in the Indian segment of retail electronics, Snapdeal has seen its fortune fail amid intense competition from Amazon and Flipkart.

Snapdeal’s valuations also fell around $ 6.5 trillion in February 2016. SoftBank has canceled more than $ 1 billion for the valuation of its investment in Snapdeal.