Surprise! OnePlus 3, 3T also had OnePlus 5T's face-unlock feature all along

Chinese smartphone maker OnePlus has been promoting face unlocking as one of the OnePlus 5T, besides other upgrades that the phone brings. The feature is promised to roll out in the OnePlus 5 with the Android Oreo update. However, the yesteryear’s flagships are said to have been kept out from the list of phones that get the feature in the software update.

If you are using one of the earlier OnePlus flagships – OnePlus 3 and OnePlus 3T – and thinking of upgrading to the OnePlus 5T only for its face-unlock feature, we have a reason for you to stick around for a little more.

It turns out, the face unlock feature has all along been available in the OnePlus 3 and OnePlus 3T devices as well -- sitting within the settings options. And, it works flawlessly -- almost as quickly as the one in the latest flagship.

Here’s how to enable the face-unlock feature in the OnePlus 3 and OnePlus 3T devices running on the Android Oreo operating system:

Step 1: Go to settings and look for ‘security & fingerprint’ option and click on it

Step 2: In the security & fingerprint option, there is another option of ‘Smart Unlock’ under the device security tab

Step 3: The smart unlock option provides 5 different ways that can be used to unlock the device – On-body detection, Trusted places, Trusted devices, Trusted face and Trusted voice. Click on Trusted face option to set up the face-unlock feature

Step 4: Find a place, which is not too bright or too dim before setting up the face-unlock feature, and hold the phone at the eye level

Step 5: The phone recognises your face in the same manner as the OnePlus 5T does.
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Maggi noodle in crisis, again: After lead, now it's ash taking away spice

Just when India’s favourite instant noodle brand Maggi was about to claim back its dominance over the market, the iconic brand is under pressure, again. Maggi noodle, which had earlier faced a lot of scrutiny and a subsequent market share loss over an alleged presence of lead, is now under a regulator's scanner over alleged violation of another safety norm.

The district food and drug administration officials of Shahjahanpur in Uttar Pradesh, have sent a legal notice to Nestle India – the makers of Maggi noodle – and its trade partners in the region, seeking Rs 71 lakh as damages and for violation of food safety norms. The notice was issued after the UP FDA found a high level of ash content in the samples of the noodle. According to a PTI report, the Maggi noodle samples were collected from the Shahjahanpur area in November 2016.

While Nestle India is yet to receive a copy of the notice, it told Business Standard that the lab report might have been formed on the basis of quality standards that are now obsolete. However, the question that haunts millions of consumers and its patrons is how the noodle failed a lab test after the matter was settled in 2016, when the country’s apex court had given it a clean chit following stringent tests at independent laboratories across India.

After lead, it's ash:
From the facts that have emerged so far and from a research done by this publication, it prima facie appears that the issue of ash content in packaged food, specifically in case of Maggi noodle, is an ambiguous area. Last time, when Maggi noodle was found to be sub-standard for human consumption, the main issue pertained to the presence of lead in a quantity higher than permissible. This, eventually led to a ban on the products across the country on 5 June, 2015. What followed was a period of uncertainty for the Swiss major in India and elsewhere.
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Technofab Engineering surges 20% on order win of Rs 281 crore

Technofab Engineering is locked in upper circuit of 20% at Rs 289, also its 52-week high on the BSE, after the company received an order in the domestic water sector valued at Rs 281 crore. The project is funded by Asian Development Bank.

The company said with this the order backlog stands at approximately Rs 2,000 crore of which the water sector now contributes close to 45%.

“This order gives a further impetus to the Company’s standing in the water sector, coming as it does, soon after securing orders in Bhutan and Uganda, and recently completed projects in Tanzania and Zimbabwe,” Technofab Engineering said in a statement.

Till 09:26 AM; a combined around 27,000 shares changed hands on the BSE and NSE. There were pending buy orders for total 60,739 shares on both the exchanges.

Nifty Realty index zooms 97% in 2017; set to post biggest rally in 10-years

STOCK MARKET - The Nifty Realty and the S&P BSE Realty indices have gained more than 90% thus far in the calendar year 2017 (CY17), and is set to post their sharpest rally in the past one decade, on the back of
 an improvement in affordability, and multiple developments on the policy initiatives front.

Putting behind demonetisation announced by the government in November 2016, the Nifty Realty index and the S&P BSE Realty zoomed 97% and 94%, respectively, so far in CY17. Both these indices hit their multi-year highs, and are set to record their biggest yearly gain since inspection.

By comparison, Nifty 50 and the S&P BSE Sensex are up 26% each thus far in CY17.The value of the realty indices is available from the calendar year 2007 with the stock exchanges.

Between November 8, and December 30, 2016, the BSE realty index was down 17% after the Government announced the demonetisation of all Rs 500 and Rs 1,000 banknotes. In entire previous CY16, it fell 6% against 2% rise in the benchmark index. Earlier in CY09, the realty indices had rallied 70% after falling 82% in CY08, post Lehman crises.

Buy Indiabulls Housing Finance, HDFC, says Prabhudas Lilladher

STOCK MARKET - Nifty outlook and key trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW:
Market is finding it difficult to comfortably move past 10400 levels in Nifty and at regular intervals is subjected to profit booking. Bank nifty too moved towards 26000 levels and eventually witnessed profit booking. The support for the day is seen at 10320 while resistance is seen at 10415.

BUY INDIABULLS HOUSING FINANCE
CMP: Rs 1,200.05    
TARGET: Rs 1,335    
STOP LOSS: Rs 1,150
The stock has corrected well from the peak of 1373 to bottom out at around 1145 levels and currently has shown a decent reversal and we anticipate a further rise in the price with strength and potential to scale up to the previous peak. The indicators like RSI have shown trend reversal and signaled a buy. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 1335 keeping a stop loss of 1150

BUY HDFC
CMP: Rs 1,725.50    
TARGET: Rs 1,850    
STOP LOSS: Rs 1,670
The stock has more or less made a double bottom formation pattern in the daily chart at around 1645 levels and has bounced back with potential to show a positive bias. The RSI has been on the rise and we anticipate a further rally in the stock up to 1800 levels with strength in the coming days. With good volume activity seen, we recommend a buy in this stock for an upside target of 1850 keeping a stop loss of 1670.

Google Pixel 2 review: A compact smartphone challenging bigger flagships

The Pixel 2, global technology major Google’s latest smartphone offering, is no masterpiece when it comes to design. But the smaller sibling of the duo in Pixel’s next-generation series exceeds expectations in terms of performance and imaging capabilities.

A powerful device with a compact body form, the Pixel 2 feels solid in hand and premium in aesthetics. The smartphone also boasts some clever algorithms from Google that learn the user’s usage pattern and improve the camera performance to match the results, or even exceed in some cases, of smartphones with dual cameras.

When compared with the Pixel 2 XL, this smartphone looks small and lets go of the 18:9 aspect ratio screen for a tradition 16:9 screen with fullHD resolution of 1920 x 1080. There are huge bezels on top and bottom – something reminiscent of HTC smartphones – that house powerful front-facing stereo speakers.

Just like the Pixel 2 XL, the back side of the Pixel 2 is also bland, with a higher top covered with glossy plastic and housing a 12-megapixel primary camera and LED flash. The rest of the area is covered with matte aluminium sheet which gives a premium feel.

The camera in the Pixel 2 is a delight to use. It is one the smartest cameras we have seen in a smartphone. Though a single unit, the camera takes clear pictures irrespective of lighting conditions. The phone camera also features a portrait mode, something that so far was restricted only to dual-camera smartphones. This mode uses machine learning and artificial intelligence to create blurring effects (Bokeh) while keeping the subject in focus crisp and sharp. The addition of a live photo feature adds more substance to compete with the likes of the iPhone camera features.

The Pixel 2 is a flagship smartphone with powerful innards mated with software optimisation. The device’s form factor might look dull in comparison to futuristic smartphones with bezel-less screens or smartphones with 18:9 aspect ratio screens. But, in terms of use and overall utility, the Pixel 2 is a smart device, inside out.

Priced at Rs 61,000 for the base model with 64 GB storage and 4 GB RAM, the phone competes with the iPhone 8, iPhone 7, Samsung Galaxy S8 and HTC U11.

OnePlus 5T review: 18:9 screen adds 1+ to capable mid-range flagship device

China-based smartphone manufacturer OnePlus, after coming up with a few affordable flagship devices, has now set a new benchmark by launching two flagships in a year. The company recently launched the OnePlus 5T, a flagship smartphone that breaks away from OnePlus’ 5.5-inch display culture in favour of an ultra-wide 6-inch 18:9 aspect ratio screen.

In a way, OnePlus has indeed repeated itself in its upgrade experiement – the company had last year launched the upgraded flagship OnePlus 3T soon after coming up with the OnePlus 3. This time, the OnePlus 5T has come within five months of the OnePlus 5 launch.

But how worthy was the OnePlus 5 for an upgrade? And is the OnePlus 5T even a worthy upgrade of the predecessor? Business Standard reviewed the OnePlus 5T and compared its features with the OnePlus 5 to assess the upgrade quotient. Here are our observations:

Display
OnePlus’ choice of the future-ready ultra-wide 18:9 aspect ratio screen in the OnePlus 5T is a welcome move. However, continuing with a fullHD resolution seems to limit the otherwise perfect display. Competitors have long been offering quadHD screens in their flagships. With the new ultra-wide format screen in the OnePlus 5T, the quadHD screen resolution might have been a real upgrade.

The OnePlus 5T display offers good sunlight legibility, contrast ratio and saturation. It covers almost the entire front with minimal top and bottom bezels. Also, the screen is no more prone to ‘Jelly effect’, which had been seen in some OnePlus 5 units.

Camera
Camera is another area where the OnePlus 5T carries some tweaks from the previous version. The OnePlus 5T still sports a dual camera set-up – 16+20 megapixel. But, the 20-megapixel telephoto lens is now replaced by a new 20 MP camera of 27mm focal length and f/1.7 aperture – similar to the primary 16 MP camera.

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Glenmark Pharma falls 3% as Baddi unit gets 7 observations from USFDA

Glenmark Pharmaceuticals dipped 3% to Rs 574 on the BSE in intra-day trade after the company said its Baddi unit gets seven observations from US health regulator.

“The US Food and Drug Administration (USFDA) issued seven observations through the form 483,” Glenmark Pharmaceuticals said in a regulatory filing.

The Baddi unit of Glenmark Pharmaceuticals underwent an US FDA audit from November 6, 2017 to November 11, 2017. The Baddi unit contributes approximately 10% of the revenue of US sales.

“We are in the midst of providing a comprehensive response to the observations and would be replying to the FDA shortly on the observations,” the company said.

Since November 2, post September quarter (Q2FY18) results, the stock of Glenmark Pharma was under pressure, falling 13% and hit a 52-week low of Rs 565 on November 16, 2017 in intra-day trade.

The company  reported a 4.2% year-on-year (YoY) drop in Q2FY18 consolidated net profit to Rs 214 crore on weak US sales. Consolidated revenue grew 1.5% YoY to Rs 2,257 crore during the quarter. In US, the biggest market for the company, sales fell 5.7% on year to Rs 727 crore because of the persisting price erosion in older products.

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Bharat 22 ETF makes decent debut, lists 0.9% higher against issue price

Bharat 22 Exchange Traded Fund (ETF) listed at Rs 36.30 per unit on the BSE, a 0.92% premium over its issue price of Rs 35.97 per unit. On the National Stock Exchange (NSE), it was opened 0.39% higher at Rs 36.11 per unit.

At 09:53 AM; it was trading at Rs 37.19, 3.4% higher against its issue price. It hit high of Rs 37.40 on the NSE and Rs 37.36 on the BSE so far. A combined 179.98 million shares have changed hands on both the exchanges so far.

Oil and Natural Gas Corporation (ONGC), NTPC, SJVN, Power Grid Corporation and National Aluminium Company among the S&P BSE Bharat 22 index were down more than 1%, while Bharat Electronics, Axis Bank and Gail India were trading higher by up to 1% on the BSE.

The S&P BSE Bharat 22 index, the largest loser among broader indices, was down 0.7% as compared to 0.12% decline in the benchmark S&P BSE Sensex.

The Bharat 22 ETF comprises 22 companies, or investments, from among central public sector enterprises (CPSEs) and public sector banks (PSBs). Apart from CPSEs and PSBs, Bharat 22 also includes the government's strategic holding in Axis Bank, ITC and L&T held through the Specified Undertaking of Unit Trust of India (SUUTI).

The government has raised Rs 14,500 crore through the Bharat 22 ETF. The portion reserved for retail investors was subscribed 1.45 times; retirement funds -- 1.50 times and NIIs and QIBs -- 7 times.

ICICI Prudential Mutual Fund managed Bharat 22 ETF's new fund offer (NFO) had an initial issue size of over Rs 8,000 crore. As much as 25% of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore.

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RCom clarifies on reports of China bank filing insolvency case; stock tanks

STOCK MARKET - Reliance Communications tanked 6.37% to Rs 12.50 at 9:19 IST on BSE after the company issued a clarification on media reports that China development bank is filing insolvency case against the company.
Meanwhile, the S&P BSE Sensex was down 34.14 points or 0.1% at 33,690.30.

On the BSE, 9.73 lakh shares were traded on the counter so far as against the average daily volumes of 43.18 lakh shares in the past one quarter. The stock had hit a high of Rs 13 and a low of Rs 12.20 so far during the day. The stock had hit a 52-week high of Rs 41 on 6 April 2017 and a record low of Rs 9.60 on 15 November 2017.

Reliance Communications (RCom) issued a clarification to the stock exchanges after market hours yesterday, 27 November 2017, with regard to media news titled "China development bank files insolvency case against Reliance communications". RCom said that the company has not been served any notice of the application filed by China Development Bank with NCLT, as reported in the media.

RCom is engaged through the joint lenders forum (JLF) with all its lenders for a successful resolution of the strategic debt restructuring (SDR) process. The China Development Bank has also been actively participating in the JLF. RCom said it is therefore, surprised by the untimely and premature action of the China Development Bank of filing an application at NCLT. RCom added that it continues to remain engaged with all lenders including the China Development Bank and is confident and committed to a full resolution with the support of all the lenders.

Separately, RCom said it has entered into a binding share purchase agreement with Pantel Technologies and Veecon Media & Television for sale of its subsidiary Reliance BIG TV (RBTV), engaged in the business of direct-to-home (DTH) services across India.

Pursuant to this transaction, the buyers will acquire the entire shareholding of RBTV with business on an "as-in, where is" basis, along with existing trade and contingent liabilities. The transaction will help to reduce the liability of unsecured creditors, benefitting all stakeholders, including lenders and shareholders of RCom. The transaction is in consonance with RCom's stated objective to focus on B2B businesses of the new RCom, the company said in a statement.

Airtel, Voda, Jio's cheapest recharge offers with free calls, 4G data

The leading telecom operators in India are now offering free local and STD calls, coupled with more data, to prepaid users for as low as Rs 149 for 28 days. Among other things, the prepaid recharge packs from Bharti Airtel and Vodafone offer value for money to compete with the Reliance Jio plans.

Here are the best offerings for prepaid users:

Reliance Jio prepaid recharge offer

Reliance Jio offers unlimited free local, STD and roaming calls at Rs 149. The prepaid plan comes bundled with 300 SMS and 4.2GB of high-speed 4G data valid for 28 days. There is a threshold of 0.15GB per day on data usage, according to the company’s fair usage policy (FUP), after which the speed reduces to 64 Kbps. The recharge plan also offers free subscription of Jio app suite.

Airtel prepaid recharge offer

India’s leading telecommunication service provider offers free local, STD and roaming (incoming) calls at Rs 199. The prepaid plan comes bundled with 1 GB internet data, which can be availed of using 4G, 3G and 2G services. Considering most feature phones come with 2G network support, Airtel's Rs 199 plan offers value for money to most subscribers. The plan comes with a validity of 28 days.

Vodafone prepaid recharge offer

Vodafone India also offers the same deal Airtel in its Rs 199 plan, but with some added terms & conditions. The Rs 199 plan comes with free local and STD calls with an FUP limit. The free calls come with a threshold of 1,000 minutes a week or 250 minutes a day, after which the company charges 30 paise per minute for calls. Theis plan is also valid for 28 days.

When our soldiers fought the Chinese, you hugged their envoy: Modi to Rahul

In a stinging attack on the Congress in poll-bound Gujarat, Prime Minister Narendra Modi on Monday said the upcoming Assembly election is a fight between trust on development and dynastic politics.

He was addressing a BJP rally in Kutch district's Bhuj town ahead of the first phase of the elections on December 9.

He also alluded to allegations thrown at him during the campaign by Congress leaders, including party vice-president Rahul Gandhi.

"This Gujarat son has no stains in his public life. You come to the state and level baseless allegations on the son of the soil... the people of the state will not forgive you," he said.

During his campaign in the state in the last few days, Gandhi had trained his guns at the Modi-led government over the Rafale fighter aircraft deal.

"The Gujarat election is a contest between trust on development and dynastic politics," the prime minister said at the rally.

Taking another dig at the opposition party, which is making all-out efforts to dislodge the long-ruling BJP in Gujarat, Modi asked, "When our soldiers were standing eye-to-eye in Dokalam for 70 days, why were you hugging the Chinese ambassador."

The Prime Minister will address a series of campaign meetings on Monday and on Wednesday in Saurashtra and South Gujarat, which go to the polls on December 9.

The elections to the 182-member Gujarat Assembly will be held in two phases on December 9 and 14. The counting of votes will be on December 18.

Emami, DLF, Zee Entertainment, TVS Motor, TV18 Broadcast hits 52-week high

STOCK MARKET - Shares of personal products company, Emami, realty firm, DLF, two-wheeler company, TVS Motor Company, broadcasting & cable TV operators, Zee Entertainment Enterprises and TV18 Broadcast are among 24 stocks from the S&P BSE 500 index that hot their respective 52-week high on the BSE in an otherwise subdued market.

Bajaj Electrical, Eveready Industries, PC Jeweller, Symphony, V-Guard Industries and Westlife Development from the consumer related sectors, too, hit 52-week high today.

TV18 Broadcast rallied 9% to Rs 55.10, extending its Friday’s 10% surge on the BSE on back of more than two-fold jump in trading volumes. A combined 49.7 million equity shares representing 2.9% of total equity of TV18 Broadcast have changed hands on the BSE and NSE till 01:23 PM.

On October 18, 2017, CARE Ratings, the credit rating agency, had assigned credit rating of CARE A+ to the TV18 Broadcast’s commercial paper programme aggregating to Rs 400 crore.

A strong parentage and the company’s ability to achieve  sustainable profitability while maintaining its leadership position remain the key rating sensitivities. Further, the ratings are also sensitive to the recovery in advertisement revenues post Goods and Services Tax (GST) implications, CARE said in a statement.

Emami hit its 52-week high of Rs 1,332, up 6%, is just 2.7% away from its all-time high of Rs 1,368 touched in August 5, 2015 in intra-day trade.

Since October 25, post September quarter results, the stock has outperformed the market by gaining 14% after the company posted a 49% surge in its net profit on a 10% rise in sales volume and a 7% increase in earnings.

“Post GST, the wholesale channels are yet to recover completely from the impact, which we expect to improve in the second half (October-March) of the year. International business is also back on track riding on the base effect of last year’s performance. The SAARC regions and Africa did particularly well,” said Mohan Goenka, director, Emami while announcing Q2 results.

Can Maruti Suzuki stock hit Rs 10,000 levels?

STOCK MARKET - After a stellar 60% rally thus far in calendar year 2017 (CY17) and outperforming the S&P BSE Sensex and S&P BSE Auto indices that rose 26% and 25% during this period, can Maruti Suzuki hit the five-figure mark over the next one year? Analysts at Nomura believe that Maruti, which is already trading near its 52-week high level on the National Stock Exchange (NSE) can come close to hitting this figure.

In Nomura's latest report on the outlook for global auto companies for 2018, Maruti Suzuki with a price target of Rs 9,843 features among the top regional pick for 2018 along with China’s BYD and United States headquartered Tesla, with Toyota being their preferred global pick in the auto sector.

“Strong demand for new models, benefits from market trend towards premiumisation, and healthy cash flow generation, are key positives which make Maruti Suzuki our top pick in the Indian auto sector," writes Kapil Singh, an analyst at Nomura tracking the sector in a co-authored report.

India’s passenger vehicle (PV) market is in the midst of a structural growth cycle and is likely to see a 12-14% CAGR over the next 5 – 10 years, Nomura says, underpinned by 6-7% annual growth in gross domestic product (GDP). With a pick-up in growth (Nomura pegs GDP growth at 7.6% by 2019F), new vehicle sales could grow at a compounded annual growth rate (CAGR) of 12 – 14% over the next few years.

As regards the two-wheeler segment, Nomura expects growth to stay around a 10% CAGR over the next 5 – 10 years, given higher ownership levels. However, scooter growth could be much stronger at around 15-20% driven by rural preferences and a growing number of working women.  Medium and heavy commercial vehicle (MHCV) growth is likely to remain strong (15% y-o-y in FY19/3F) due to the enforcement of overloading restrictions and improving industrial activity, Nomura believes.

Stock recos for today: Buy Dish TV, Brigade, Hero MotoCorp

STOCK MARKET calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:

It’s been a week of consolidation for our markets but the encouraging point was market managed to maintain their positive mood throughout the week in a gradual manner. In terms of intraday activity, Friday was the only day when we saw some action in the market as rising hopes over Standard and Poor’s (S&P) rating (for India) boosted traders’ sentiments.

During the entire week, we have been mentioning the trading range of 10,250 – 10,368 for the index. After four days of struggle, the Nifty finally managed to break the upper range. But, the kind of buying momentum ideally should have been witnessed after a breakout was clearly lacking. Hence, we need to relook the situation and will have to revise the upper range a bit. Now, if we look at the hourly chart, we can observe Nifty facing a resistance on concluding day precisely at the 78.6% retracement level (10,405) of the recent down move. Hence, the bullish momentum can be witnessed only above this mentioned resistance of 10405. On the flipside, 10,350-10,307 would now be seen as a key support zone; because, violation of this may apply brakes on the recent optimism.

Barring last day, we saw individual stocks soaring to a great extent during the week and we advised on following stock centric moves. But, on Friday, there was no clear outperformance from individual stocks as well. Hence, the coming week being the expiry one, first half would be very important for our market as we expect some volatility to pick up and hence, we may see some clear moves thereafter.

OnePlus 5T sold within 5 minutes during preview sale on Amazon

Chinese smartphone maker OnePlus on Friday said it sold out its newly-launched OnePlus 5T within five minutes of the special one-hour preview sale on Amazon.

"We have seen unprecedented customer response to the early access sales, in India as well as globally. Hundreds of fans stormed our 'Experience Stores' in Bengaluru and Delhi," Vikas Agarwal, General Manager, OnePlus India, said in a statement.

"We are happy to announce that OnePlus 5T will go on open sale, starting on November 28, across all channels including Amazon.in, oneplusstore.in, select Croma stores and 'Experience Stores' in Bengaluru and Delhi," Agarwal added.

OnePlus 5T also broke the company's launch-day sales record and became the company's fastest-selling device in six hours, the company said.

The device marks the introduction of a 6-inch "Full Optic AMOLED Display" with an 18:9 aspect ratio to deliver a more immersive viewing experience.

The device features a new "Sunlight Display" that adapts automatically to harsh light.

OnePlus has moved its fingerprint sensor to the back of the device.

The OnePlus 5T comes with the same main camera as that of OnePlus 5 but also houses an improved secondary camera for superior low-light photography.

The device has super-fast Qualcomm Snapdragon 835 processor. The "Adreno 540 GPU" boosts graphical performance.

JBL E45BT headphones deliver quality sound wirelessly, at affordable price

When it comes to premium audio accessories, JBL is considered a trusted name, but the sound quality delivered by its new affordable product – the E45BT on-ear wireless headphones – appears impressive, too, especially for a price of Rs 6,499.

Joining the company's affordable E-Series line-up, the Bluetooth-enabled E45BT promises to deliver amazing sound and comfort at an affordable price point. But does it fully live up to it?

Business Standard reviewed the wireless headphones and here are our observations on key parameters:

Design: Durable & compact

The JBL E45BT is available in matte black, blue, red, teal and white colour options. It has soft ergonomic ear pads, and a less padded but comfortable fabric headband. The design looks neat. The grilles covering the 40mm driver in each ear cup are labelled L and R. The ear cups swing at the connection point to the headband and also fold inwards.

inside of ear cups headphone ear cups denoting L & R
While the E55BT feels comfortable and the ear cups cover the ear perfectly, the band is a bit small and leaves cups on the ear which may feel a little uncomfortable after 2-3 hours of use.
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BSE to auction investment limits for Rs 4,000-cr govt bonds

Leading stock exchange BSE on Friday said it will auction investment limits on Monday, enabling foreign investors to purchase government bonds nearly worth Rs 4,000 crore.

The auction will be conducted on BSE's 'ebidexchange' platform from 1530 hrs to 1730 hrs, after the close of market hours, the exchange said in a circular.

The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.

"Live bidding session for allocation of debt investment limits (worth Rs 3,930 crore) for FII/FPI/ sub-accounts shall be conducted on November 27, 2017 on exchange's 'ebidxchange' platform," BSE said.

A mock bidding session would also be conducted on that day to check the system's performance, it added.

Earlier this month, the government bond had attracted bids to the tune of Rs 3,666 crore from foreign portfolio investors (FPIs) in an auction of investment limits for such securities, much higher than Rs 2,169 crore that was on offer.

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BSE Midcap, smallcap indices hit new high

STOCK MARKET - The S&P BSE Midcap and the S&P BSE Smallcap indices hit their respective new high on the BSE on Friday, following an extending rally in infrastructure, auto ancillary, education, textiles and public sector banks.

The S&P BSE Smallcap index hit a new high of 18,064.54, while the S&P BSE Midcap index touched a fresh high of 16,937.27 on the BSE in intra-day trade. Both these indices surpassed their previous high of 18,032.91 and 16,850.56, respectively, touched on November 7, 2017 in intra-day trade.

At 10:17 AM; the midcap and smallcap indices were up 0.6% each, as compared to 0.35% rise the benchmark index S&P BSE Sensex. The Sensex hit an intra-day high of 33,714.42 today, is 151.53 points away from its record high of 33,865.95 hit on November 7, 2017 in intra-day trade.

Sangam (India), Swaraj Engines, Praj Industries, Alankit, Indosolar, HSIL, MT Educare, INEOS Styrolution India and Patel Engineering from the smallcap indices have rallied more than 8%.

Crompton Greaves, RBL Bank, Page Industries, Natco Pharma, Shriram City Union Finance and Aditya Birla Fashion and Retail from the midcap index were up between 2% and 7%.

Swaraj Engines surged 16% to Rs 2,207 on the BSE in intra-day trade after auto ancillary company said that its board will meet on November 28, 2017, to consider the proposal to buyback the fully paid-up equity shares of the company.

Patel Engineering soared 11% to Rs 93, extending its Thursday’s 8% rally on the BSE, after the media report suggested that Lodha Developers has bought 5 acres of prime land in Mumbai’s Jogeshwari suburb from the company for Rs 376 crore.

Infosys hits over three-month high; stock up 10% in November

STOCK MARKET - Infosys hit a three month high of Rs 1,011, up 2% on Friday, extending Thursday’s 2.6% gain on the BSE ahead of commencement of the company’s proposed Rs 13,000 crore share buyback programme from November 30, 2017.

The stock of information technology (IT) bellwether was quoting at its highest level since August 18, 2017. It is 3% away from its 52-week high of Rs 1,045 touched on January 13, 2017.

Thus far in the month of November, Infosys outperformed the market by gaining 10% against 1.4% rise in the S&P BSE Sensex.

The share buyback offer, which closes on December 14, is for purchase of up to 113 million shares, or 4.92% of paid-up capital, at Rs 1,150 per share through tender offer route.

Infosys has set the last date of settlement of bids on the stock exchange on December 26. The last date to receive completed tender forms and other specified documents including physical share certificates by the registrar and transfer agent (RTA) is December 18.

Promoter and promoters group currently hold 12.75% stake in India’s second-largest software exporter with 292.8 million equity shares. 16 members of this group “have expressed their intention” to participate in buyback and tender up to 17.73 million equity shares (15.69% of total buyback size), which could be worth up to Rs 2,039 crore in a Rs 13,000 crore buyback plan.

On October 31, 2017, the stock had turned ex-date for the proposed buyback and for interim dividend of Rs 13 per share. The company’s board had fixed November 1, 2017 as the record date for determining the entitlement and the names of the equity shareholders, to whom the Letter of Offer will be sent and will be eligible to participate in the buyback which was approved in the board meeting on August 19, 2017.

Tata Nano may be back in an electric avatar; Ola to operate 400 in Delhi

Once billed as the world's cheapest car, the Tata Nano is set to make a comeback in an electric vehicle (EV) avatar, according to reports.

The Tata Nano electric, according to an Autocar India report, will be launched on November 28 under a new name — the Jayem Neo.

However, Tata has a limited role in the Nano's comeback. According to the report, Tata Motors will only supply complete Nano body shells to Coimbatore-based Jayem Automotives. These shells will be supplied sans the engine and transmission. Subsequently, the report adds, Jayem will manufacture and market the EV. In fact, this version of the Neo will not carry the Tata badge.

Citing sources in the know, the Economic Times reported that the electric motor and power train will be fitted into these empty shells at Jayem's facility in Coimbatore. The report added that the vehicle's launch announcement was likely to be made in the next few days.

According to the Autocar report, Jayem will be sourcing the electric powertrain from Electra EV, which is a specialist firm that designs, develops, and supplies electric powertrains, battery packs, and charging infrastructure.

Powered by an electric system that generates 17Kw (23hp), the new EV, according to the report, will be able to travel 140 km on a full charge with four occupants and air-conditioning. The report described the Neo's power output as "modest" for a car its weight and added that this version of the EV would be available only for the commercial market.

Further, according to the report, currently, the Neo will be sold under the Jayem brand, but Tata Motors is likely to come out with its own version of the Neo in the future.

Airtel vs Jio vs Vodafone: Prepaid plans with free calls, 1GB data per day

Bharti Airtel is now offering a Rs 448 unlimited prepaid plan bundled with unlimited calls (local + STD), free national roaming (incoming + outgoing), free SMS and 70 GB internet data. The plan is valid for 70 days.

The new Rs 448 plan is valid for prepaid subscribers only. According to terms and conditions of the plan, the prepaid recharge pack comes bundled with free local and STD calls with a threshold of 1,000 minutes per week and 250 minutes per day. The plan comes bundled with 100 SMS limit per day, as directed by Telecom Regulatory Authority of India (TRAI). As for the internet data, the new plan comes bundled with 1 GB data per day, which is valid for 70 days.

On the other hand, Reliance Jio offers a similar deal to prepaid users for Rs 399. The Jio’s prepaid plan does not have any limit on calling and is not subjected to any threshold limits. In Rs 399 prepaid plan, the company is offering free unlimited local and STD calls, free national roaming calls, 100 SMS per day, Jio app subscription and 1 GB data per day valid for 70 days.

Jio is also offering a Rs 459 plan in which the company is offering all the benefits of Rs 399 plan but with a validity period of 84 days.

India’s second largest telecommunication service provider Vodafone is also offering unlimited calls benefit in Rs 348 bonus card. In Rs 348 prepaid plan, the company is offering free local and STD calls along with free Vodafone Play subscription valid for 28 days. The plan comes bundled with 1.5 GB internet data per day valid for 28 days.

Nifty outlook and stock calls for today's trade by Tradebulls

STOCK MARKET - Nifty outlook and stock calls by Sacchitanand Uttekar, AVP – Technical (Equity) at Tradebulls:

NIFTY OUTLOOK:
Occurrence of consecutive Doji’s reflects the ongoing mood of the market. Neither the bulls nor the bears are confident at the current juncture. Increasing IV’s (Implied volatility) & PCR at 1.30 coupled with the resistance faced around the 61.8% (10340) & 78.60% (10405) retracement zone of the previous down move highlight a good probability of the trend eventually turning in favor of the bears. Highest CE OI remains firm at 10,500 while PE OI around 10,300 could be a make or break level for the expiry. The above setup is indicating the upside to remain capped & we believe that pullback should be utilized to create fresh shorts with a provisional stop loss above 10,588 (On closing basis) with an expectation of a move towards the lower end of the weekly megaphone pattern placed near 10,000-9,940.

ICICI BANK - Sell
CMP: Rs 320
Stop Loss: Rs 331
Target: Rs 295
Breakdown from a ‘Rising Wedge’ formation on the daily scale coupled with a divergence on the daily RSI indicates weakness to be witnessed in the coming sessions. Shorts could be created within the current range of 320-325 with a stop above 331 for a pattern target of 295.

ECLERX - Buy
CMP: Rs 1,308
Stop Loss: Rs 1274
Target: Rs 1410
Breakout from the ‘Falling Wedge’ formation on the weekly scale & the crossover within the momentum averages augur well for a continuation move on the upside. Trading longs could be considered with a stop below 1274 for an initial target upto 1410.

12 stocks from BSE Smallcap index rally over 25% in one week

STOCK MARKET - Jai Corp, Purvankara, Kolte-Patil Developers, Speciality Restaurants, Gitanjali Gems, Sterling Tools and Aptech are among 12 stocks from the S&P BSE Smallcap index that have rallied more than 25% in past one week.

BF Investment, Action Construction Company, Arshiya, Nila Infrastructure and RattanIndia Power surged an over 25% during the period.

At 12:18 PM; the S&P BSE Smallcap index, the largest gainer among broader indices, was up 0.65%, as compared to 0.20% rise in S&P BSE Midcap & 0.14% gain in S&P BSE Sensex. In past one week, the smallcap index was up 3% against 1.9% rise in midcap and 1.5% gain in the benchmark index.

Speciality Restaurants locked in upper circuit of 20% to Rs 168, also its 52-week high on the BSE. The stock rallied 33% thus far in the week. The company opened two franchise restaurants in Ranchi during past one week. Speciality Restaurants, which owns Mainland China and Oh! Calcutta.

According to media reports, five leading names from the restaurant and food business including Speciality Restaurants are looking at a possible partnership with McDonald's India. However, the company said that there are no such negotiations taking place.

Action Construction Company was up 6% to Rs 147 in intra-day trade. The stock soared 31% in past one week after the promoters increased their stake in the company through open market.

On Wednesday, November 15, 2017, Vijay Agarwal (60,000) and Sorab Agarwal (26,000) had purchased a combined 86,000 shares of Action Construction Equipment through open market, the company said in a regulatory filing.

Key trading ideas: Buy PNB, Berger Paints, BHEL

STOCK MARKET - Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW:
Market has been consolidating at the levels of 10,260 and 10,370 for quite some time, however, the support for the day is seen at 10,300 while resistance is seen at 10,390. Nifty has its weekly trend down. It would turn up if it closes above 10,368 at the end of the week.

BUY PNB
CMP: Rs 189.20    
TARGET: Rs 215    
STOP LOSS: Rs 178
The stock has been more or less consolidating after the huge spurt it has produced some weeks back and now looks attractive and poised for a further rally upside with strength and potential and we anticipate it to scale the level of around Rs 216-218 levels in the coming days. The RSI is positive with a trend reversal indicated and with the bias being maintained positive, we recommend a buy in this stock for an upside target of Rs 215 keeping a stop loss of Rs 178.

BUY BERGER PAINTS
CMP: Rs 249.80    
TARGET: Rs 275    
STOP LOSS: Rs 238
The stock has made a higher bottom like pattern in the daily chart and it has been consistently taking support at the 200-DMA which is at 248 levels currently and making a bounce from there on. The stock has been moving in a similar pattern in the past 5-6 months and from here on we anticipate the stock to move again further to scale 275 levels. We recommend a buy in this stock for an upside target of Rs 275 keeping a stop loss of Rs 238.

BUY BHEL  
CMP: Rs 88.65    
TARGET: Rs 97  
STOP LOSS: Rs 85
The stock has corrected well from the peak of 100 to bottom out at around 86 levels to look attractive and potential for further rise in the coming days. The RSI has been roaming in the oversold zone and now has indicated a trend reversal with a buy signal and has signified a positive bias. With decent volume participation witnessed, we recommend a  buy in this  stock for an upside target of 97 keeping a stop loss of 85.

Facebook launches digital, start-up training hubs to aid small biz in India

Facebook on Wednesday introduced its digital training and start-up training hubs in India aimed at helping small businesses and people grow by giving them the digital skills they need to compete in today's digital economy.

Facebook said it plans to train more than half a million people in the country by 2020 through these online training hubs, which are being rolled out first in India.

The learning curriculum which is personalised to the individual's needs and available in English and Hindi on mobile, the social network, which is used by 217 million people in India, announced.

"We believe the best way to prepare India for a digital economy is by equipping people with the tools, knowledge, and skills they need to succeed," said Ritesh Mehta, Head of Programmes, Facebook, India and South Asia.

To develop the learning curriculum, the social network worked with several organisations, including Digital Vidya, Entrepreneurship Development Institute of India (EDII), DharmaLife and the government's StartupIndia initiative.

The curriculum includes vital skills for digital skill seekers and tech entrepreneurs, including how to protect their ideas, how to hire, how to go about getting funding, what regulations and legal hurdles they need to consider, how to build an online reputation, and a host of other critical skills.
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iPhone X goes off shelf at some retail channels as Apple cuts margin by 30%

Apple Inc has reportedly slashed retailers’ margins on the anniversary-edition iPhone X by nearly 30 per cent, according to a news report in the Economic Times.

While other brand manufacturers offer retailers’ a margin of 10-15 per cent on their latest mobiles, Apple has been offering 6.5 per cent on the newly launched iPhone X. Now, the company has reportedly reduced the retailers’ margin to 4.5 per cent, which is almost 30 per cent less.

Subhash Chandra, managing director at Sangeetha Mobiles, told the Economic Times that the margins have been reduced from 6.5 per cent to 4.5 per cent and it further reduces to mere 1.5-2 per cent if the customer opts to pay by card for the iPhone X.


According to the report, India’s leading brands -- Samsung and Xiaomi -- offer more than double the margin that Apple offers -- around 12-15 per cent. Other mobile phone manufacturers, especially Chinese brands such as Oppo and Vivo, offer higher than usual margins to retailers to gain market share.

For offline retailers, rising competition from the e-commerce industry is already a major concern. Now, some of the retail channels have stopped stocking iPhones due to lack of control on retail pricing in the online and offline markets.

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Top stock recos: Buy Mahanagar Gas, Tech Mahindra and Apollo Tyres

STOCK MARKET - Nifty Outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research At Prabhudas Lilladher:

NIFTY VIEW:
Market so far has maintained itself well above its near term support levels, with Nifty having a resistance at 10,385 & support of 10,200. The RSI on daily chart is on an up move indicating strength & potential to re-test the previous high. The support for the day is seen at 10,280 while resistance is seen at 10,370.

BUY MAHANAGAR GAS
CMP: Rs 1,113.75      
TARGET: Rs 1,245      
STOP LOSS: Rs 1,060
The stock has made a double bottom formation at around 1050 and has indicated a bullish candle pattern in the daily chart to signify potential and strength for further rise in the coming days. The stock is looking attractive technically and is poised for a good run and with indicators like RSI showing a trend reversal from the oversold area is signaling a buy. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 1245 keeping a stop loss of 1060

BUY TECH MAHINDRA
CMP: Rs 493.85      
TARGET: Rs 545      
STOP LOSS: Rs 470
The stock has seen a good run in the recent past and is in a trending mode with series of higher bottom formation pattern and has produced a bullish candle to signify strength and potential to rally further and is poised to give a breakout above the previous peak of 515 and we anticipate a fresh bounce from there on to enter a new zone. With the RSI indicating a trend reversal showing a positive bias and also the MACD is indicating positive indications and with good volume activity seen, we recommend a buy in this stock for an upside target of 545 keeping a stop loss of 470

Cipla shines in gloomy pharma pack, biggest beneficiary of faster approvals

STOCK MARKET - In a matter of few days, Cipla has announced the approval for the launch of three key generic drugs in the US market, which has boosted its share price. Recent news apart, even in the past few months, Cipla has been among the top performing pharmaceutical stocks. While Cipla getting approval for the launch of respiratory inhalation product in the US was the reason for Friday's cheer, the gains this week follow the announcement of approval of generic version of cancer drug, Dacogen. Given the company's low base of US business, plans to ramp up its product pipeline for launch in the world’s largest healthcare market (US) and business prospects in other key markets, investors have been bullish on the company’s long-term prospects, and this interest is likely to remain high.

Among the recent approvals is Pulmicort Respules, which marks the success of Cipla in the respiratory category, and where the street has high expectations. Thanks to a large portfolio and prowess in the domestic market, Cipla has been building the pipeline for respiratory product launches in the US and Europe. The timeline for approval of these specialty products, however, remains long. Post September quarter results, the company had said that respiratory trials will likely start in the second half of FY18. So, as approvals are received, like the one on Friday where the opportunity is huge, it should keep investor sentiment elevated.

Pulmicort Respules (a steroidal inhalation treatment product for asthma), which clocked sales of $825 million for 12 months ending September 2017, offers huge opportunity for Cipla. Sarabjit Kour Nangra at Angel Broking says that looking at the competitive landscape, the product can easily clock is annual sales of $20 million for Cipla. The estimated generic sales may sound small compared to the brand’s current sales, but being a limited competition product the sales can sustain for longer and margins should be higher.

Maruti Suzuki, Bajaj Auto hit new highs in an otherwise subdued market

STOCK MARKET - Shares of two automobile companies – Bajaj Auto (Rs 3,344) and Maruti Suzuki India (Rs 8,487) - have hit their respective new highs on the BSE in intra-day trade on Wednesday in otherwise subdued market.

At 10:59 AM; both these stocks were trading higher by 1% as compared to a marginal 0.13% rise in the S&P BSE Sensex. In past three months, Bajaj Auto (up 22%) and Maruti Suzuki India (13%) has outperformed the Sensex, which gained 7% during the period.

Going forward, in FY18, CARE Ratings expects the auto industry to witness gradual pickup in demand on back of release of pent up demand post the disruptions led by the effect of demonetization, ban on BS-III vehicles and Goods and Services Tax (GST) implementation begins to moderate starting Q3FY18 expected to continue in Q4FY18.

Emkay Global Financial Services believes that the stage is set for strong growth in automobile demand in H2FY18 and FY19, mainly due to increase in Government capital spending and focus on rural economy, near normal monsoon and higher disposable income in view of 7th Pay Commission awards, new launches, benign interest rates and a low base.

Two wheelers, tractors and passenger vehicles segments are likely to witness strong double-digit volume growth over FY17-19E, while medium & heavy commercial vehicles volume growth would see a turn around, the brokerage firm said in quarterly review.

However, on the other hand, according to Society of Indian Automobile Manufacturers (SIAM), despite revival in domestic economy, rising fuel cost is expected to hamper the growth of the industry in the second half of FY18, said CARE Ratings said in sector update.

Note ban made Manushi Chhillar 'Miss World': Shiv Sena's latest dig at BJP

Taking a dig at the BJP, the Shiv Sena on Tuesday wondered why no one from the Bharatiya Janata Party (BJP) has claimed credit after Manushi Chhillar brought the 'Miss World' crown to India.

"This charming woman from Haryana has indeed made the country proud by bagging the 'Miss World' title after a gap of 17 years. This was possible only 'because of the government of (Narendra Modi-Amit Shah)' which assumed power with divine blessings," the Sena said in a tongue-in-cheek edit in the party mouthpieces 'Saamana' and 'Dopahar Ka Saamana'.

What was even more surprising was that "nobody from the ruling establishment" had yet come forth to grab the glory for her victory in the global beauty arena, it said.

"Manushi's surname is 'Chhillar', hence she won. This is actually a victory of (Prime Minister) Narendra Modi's demonetization policy. After the Rs 1,000-Rs 500 currency notes were spiked, people were left with only 'chhillar' (small change) in hand.

"Why nobody has yet come forward to snatch the credit for this is a mystery," the Sena said.

Hazarding its own guess, the editorial said the clue could be in the winning answer given by Chhillar in the competition that impressed the pageant jury which was convinced that she had both beauty and brains.

To the clinching question 'Who should get the highest salary?', Chhillar responded: "A Mother should get that highest honour, and not just salary but also lots of love and respect.

"But it was not her grand triumph, but the success of demonetization. After the note spiking, the situation in the country causes concern. All cash has dried up and people have to eke out a living with 'chhillar' (small change) only," the Sena said.

The editorial came a day after Congress leader Shashi Tharoor remarks on 'chhillar' evoked sharp criticism, forcing him to apologise.

After note ban, will Modi govt now ban cheque books for its digital push?

After deciding to revoke the legal tender of Rs 500 and Rs 1,000 currency notes in November last year, the Narendra Modi -led central government might now be working on another disruptive step to boost digital transactions — banning the cheque book. A senior functionary of the Confederation of All India Traders (CAIT) on November 16 said the Centre might withdraw the bank cheque book facility in the "near future" to encourage digital transactions.

CAIT Secretary General Praveen Khandelwal said the government needed to encourage the use of debit and credit cards. "In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions," he said.

Impact of cheque book facility withdrawal

Demonetisation was a big disruption for most Indians, right from poor labourers to big industrialists. Now, the withdrawal of the cheque book facility could have a massive impact as well. Most business transactions are conducted through cheques. According to experts, 95 per cent transactions currently take place via cash or cheques.

Since cash transactions have declined, transaction by cheque might have increased after demonetisation.

Use of cheque in India

Cheques are fairly popular in SME payments. By taking a PDC (post-dated cheque) against the delivery of goods, a supplier secures payments due in future from its customer. People pay by cheques while buying land and house, too.

Many landlords now take rent from tenants via cheque. Since November 8, 2016, digital payments like BHIM have grown. However, their sweet spot has been small-value payments (two to three figures). The retail and commercial payment usage strongly suggests that cheque is a very compelling method of payment for large-value payments (four figures and above).

L&T Finance falls on buzz that Citigroup is selling stake

L&T Finance Holdings Ltd fell as much as 3.9 per cent in early trade to its lowest level in a week on the buzz that Citigroup was planning to sell 39.2 million shares, or 2.15 per cent stake in the company, worth Rs 737 crore, according to an IFR report.

Citigroup, according to the report, is selling shares in the range of Rs 180.50-188.05 apiece, a discount of as much as 4 per cent to the stock's Monday close.

More than 33 million L&T Finance shares would be changing hands on the NSE in a single block deal, besides several other block deals in stock.

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RIL gains after company hits debt market with $800-mn issue

Reliance Industries gained over 2% on Tuesday and was the top index gainer after the company hit the overseas debt market with a $800-million bond sale programne as it seeks to pare a portion of its high cost debt that stands at over Rs 2.14 lakh crore.

The stock rose as much as 2.26% to Rs 939 on the BSE.

The development came after Moody’s upgraded India’s sovereign rating last week from the lowest investment grade Baa3 to a notch higher at Baa2.

Meanwhile, rating agency Moody's on Monday signed a Baa2 rating to the proposed unsecured bond sale by RIL, reported PTI.
The bonds will rank pari passu with RIL's other existing and future unsecured and unsubordinated obligations, Moody's said assigning the Baar rating.

It can be noted that for the September quarter, RIL, which has a market capitalisation of close to Rs 6 lakh crore, had a cash pile of Rs 77,014 crore and a debt of Rs 2,14,145 crore, up from Rs 1,96,601 crore in the previous quarter.

Adani Abbot Point Terminal, and Rural Electrification Corporation (REC) also launched bond issues overseas on Monday in order to reduce their finance costs.

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Nifty outlook and top trading calls for today's trade: Prabhudas Lilladher

STOCK MARKET - Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has given sideways move; a confirmation comes only with a cross of 10,350-10,380 levels for a strong uptrend. The support for the day is seen at 10,250, while resistance is seen at 10,340.

BUY BPCL
CMP: Rs 504.45      
TARGET: Rs 545      
STOP LOSS: Rs 488
The stock has maintained a good upward trending movement and now again a higher bottom formation has been made indicating a further decent rise in the coming days. The indicators like RSI has shown a trend reversal thus signaling a buy and with the stock maintaining above the 200-DMA, the bias is maintained positive. With good volume activity seen, we recommend a buy in this stock for an upside target of Rs 545 keeping a stop loss of Rs 488.

BUY INDIABULLS REAL ESTATE
CMP: Rs 233.05      
TARGET: Rs 255    
STOP LOSS: Rs 220
The stock has been maintaining a good support at around Rs 203 and it has given a bounce again from that level. The bullish candle indicates a positive bias with potential and strength to rise further in the coming days and also it has given a breakout above the 200-DMA. With the RSI also indicating a trend reversal, the stock looks promising and we recommend a buy in this stock for an upside target of Rs 255 keeping a stop loss of Rs 220.

Vivo launches V7 with 24MP selfie camera in India at Rs 18,990

After a successful run of its selfie-focused flagship smartphone V7+ in India, Chinese smartphone maker Vivo on Monday launched VIVO V7 with the 24MP selfie and 16MP rear camera for Rs 18,990.

Available in Champagne Gold and Matte Black colours, Vivo V7 will reach retail stores from November 25. The device was available for pre-booking orders on Flipkart from Monday.

"With the launch of V7, we are offering consumers another compelling proposition featuring an excellent camera and powerful performance at a competitive price point," said Kent Cheng, chief executive, Vivo India.

The device with 4GB RAM and 32GB ROM has 5.7 HD "FullView" display and houses 3000mAh battery. The device comes with "Moonlight Glow" and "Face Access" features.

Coming to India in late 2014, Vivo has established itself as one of the top smartphone brands in India.

According to the International Data Corporation's (IDC) latest "Quarterly Mobile Phone Tracker, Q3 2017", Vivo is at the fourth position in the country after registering a healthy 153 per cent annual growth.

The company has a manufacturing unit in Greater Noida with a distribution network across the country, both online and offline.

Beyond Padmavati row: 5 things Alauddin Khilji did for the economy

Delhi Sultnate ruler Alauddin Khilji has been in the news for a few days – for the wrong reasons, of course – with Sanjay Leela Bhansali’s Deepika Padukone-starrer Padmavati riling fringe groups like Rajasthan’s Rajput Karni Sena, which claims the movie distorts history to show Queen Padmavati in a poor light.

Padmavati, with Padukone, Ranveer Singh and Shahid Kapoor in lead roles, showcases the love story of Rajput king Ratan Singh and his wife. Fringe group Karni Sena though alleges that the film distorts Rajput history.

While widespread protests across the country, including by Karni Sena, has seen the producers of the film deferring the release date indefinitely, it might be pertinent to revisit the books of history to explore the reasons beyond cinematic portrayal for Khilji to remembered today.

The nephew and son-in-law of Jalaluddin Khilji, the founder of the Khilji dynasty, Alauddin Khilji (1296-1316) is credited with bringing several reforms and regulating markets to control the prices of essential food items. He is said to be the first ruler to address the problem of price control in a systematic manner to maintain stable prices for a decade.

Here are a few of Khilji’s economic and market reforms that not many of us know about:

1. Agri market regulation: Khilji regulated agricultural market in the area extending from Dipalpur and Lahore to Kara near modern-day Allahabad. All the land in between was brought under Khalisa and the land revenue was fixed at half the production value and measurement of the land. No extra duties were levied. Khilji’s agrarian reforms are said to have brought villages close to the government (Delhi sultanate), and created a more integrated relationship between the town and the country. In today’s modern system, the government procures food items from farmers, mainly from villages, and distributes among citizens for food security.

Cement shares trade weak; Shree Cement, JK Lakshmi Cement down over 4%

STOCK MARKET - Shares of cement companies were under pressure with most of the stocks down in the range of 2% to 5% on the BSE.

JK Lakshmi Cement and Shree Cement were down 4% each, while JK Cements, Birla Corporation, India Cements, HeidelbergCement India, The Ramco Cement, ACC and Amubja Cements were trading lower in the range of 2% to  3% on the BSE. On comparison, the S&P BSE Sensex was trading flat at 33,334 at 11:06 AM.

According to media report, Supreme Court (SC) on Friday asked all the states and Union Territories to consider enforcing the decision of the Ministry of Environment and Forest (MoEF) and the Central Pollution Control Board (CPCB) prohibiting the use of pet coke and furnace oil by the industry in Uttar Pradesh, Haryana and Rajasthan.

Due to the ban, companies under our coverage that would be affected negatively if there is a delay in passing on cost increase for shifting to coal are Shree Cement, JK Cement, JK Lakshmi Cement, Ambuja Cements, India Cements and ACC, in that order, analysts at IIFL Institutional Equities said in sector update.

If pet coke is banned across India, then almost all players in the cement industry are likely to be impacted. The international coal price is around 15% expensive on kcal basis compared with pet coke, which would require an increase of around Rs 10 in price per bag.

The brokerage firm indicates an announcement of price increase of Rs 20-25 per bag, owing to the ban. The sustainability of the price increase would be the key to profitability, it added. The companies are likely to appeal against the order as they are complying with the current norms for pollution control, added report.

HDFC Standard Life extends gain after strong debut

HDFC Standard Life Insurance Company rallied 4% to Rs 359 on the National Stock Exchange (NSE) in intra-day trade, extending its Friday’s 19% gain on debut, after the foreign institutional investor (FII) bought the stake in the company through open market.

HDFC Standard Life Insurance Company soared as much as 27% to Rs 369 on Friday on its debut listing. The share closed at Rs 345, up Rs 55 or 19% from its Initial Public Offer (IPO) allotment. The company issued shares at price of Rs 290 per share.

On November 11, 2017, The MTBJ AC Nomura India Investment Fund purchased 19.26 million shares of HDFC Standard Life Insurance Company for Rs 626 crore. The FII had bought the shares at a price of Rs 325.13 per share, the bulk deal data shows.
The name of the seller not ascertained immediately.

At 10:14 AM; the stock was trading 2% higher at Rs 352 against 0.1% decline in the Nifty 50 index. A combined 6.29 million shares changed hands on the counter on the NSE and BSE so far.

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Support for Nifty seen at 10,120, resistance at 10,450: Prabhudas Lilladher

STOCK MARKET - Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has given a strong bounce back, however for the confirmation of this continuation of the up move, it is essential for Nifty to move past 10,350-10,380 levels decisively. The support for the week is seen at 10,120 while resistance is seen at 10,450.

BUY LIC HOUSING FINANCE
CMP:  Rs 604.60        
TARGET: Rs 665          
STOP LOSS: Rs 574
The stock has witnessed a good correction from the peak of 675 to bottom out at 573 levels and now with a good positive bullish candle pattern in the daily chart, the stock looks attractive for further rise with strength and potential. The indicators have turned positive with the RSI indicating a steep rise with a trend reversal thus signaling a buy. With good volume participation witnessed, the positive bias is maintained and we recommend a buy in this stock for an upside target of 665 keeping a stop loss of 574.

BUY DHFL
CMP: Rs 635.50        
TARGET: Rs 685          
STOP LOSS: Rs 605
The stock has more or less formed a higher bottom formation pattern in the daily chart indicating a positive bias from here on and we anticipate it to give a breakout above the previous high of 679 level and scale new heights. The indicators like RSI also have shown a trend reversal and triggered a positive rise in the stock. With decent volume participation and promising factors supporting our view, we recommend a buy in this stock for an upside target of 685 keeping a stop loss of 605 level.