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April 13, 2013 |
MUMBAI: A day after Honda Motor introduced its much-awaited compact sedan Amaze, India's largest carmaker Maruti Suzuki hit back with Regal, a new variant of its fast-selling Dzire. The limited edition 'Regal' variant is priced at Rs 5.60 lakh (ex-showroom, Delhi), and is available only in petrol. People close to the development said the car will hit the showroom in the next few days. Regal comes in a new serene blue colour, leather upholstery, advanced music system, rear parking sensor, body-coloured electronically adjustable ORVMs (outside rear view mirror)
September 6, 2012 |
NEW DELHI: In order to clear pending orders of over 65,000 units of the new Dzire, Maruti Suzuki India today said it has started manufacturing the popular new compact sedan at the Gurgaon plant besides rolling it out from the troubled Manesar facility. Still recovering from the impact of workers' violence in July at the Manesar plant, the company also said it is looking at 10 per cent increase in overall production this fiscal. Earlier, the company was rolling out the old version of the sedan from the Gurgaon plant, while the Manesar plant was producing the new Dzire.
July 15, 2014 |
CHENNAI: India loves its small cars, right? While more than half the market is still overwhelmingly small hatchback, Indian tastes are beginning to change. For one, the entry-level sedan segment is buzzing with action. For another, the premium hatchback is attracting more volumes than the entry-level small car or the mid-sized hatchback. According to industry estimates — different from SIAM figures because the classifications are based on price and shape alone, not engine size and body length — the mid-sized hatchback market, which boasts best-sellers like the WagonR, i10, Santro and Figo, among others, has seen its yearly numbers shrink by nearly 45% from 2010-11 to last fiscal (FY14)
April 27, 2013 |
MUMBAI: Maruti Suzuki, India's largest carmaker by number of vehicles sold, is organising promos, holding Mileage rallies and other events to take competition head on , especially after the launch of Honda's latest offering, Amaze. A day after Honda launched Amaze, Maruti Suzuki hit back with its limited edition DZire , called Regal, and the company is planning its first major customer-marketing initiative for its compact sedan Dzire â€" Dezirable mileage rally â€" this Sunday simultaneously across 30 cities, including metros, state capitals and tier-II cities like Karnal and Raipur . Over 1,500 customers will drive their DZires, and the top three with best mileage will be declared winners.
February 5, 2014 |
GREATER NOIDA: India's car market leader Maruti Suzuki India today unveiled two concept models -- sedan Ciaz and crossover SX4 S-Cross -- as it looks to enhance its position in the bigger sedan segment going forward. Amid a slowdown in the market, the company said it was looking to achieve sales it had in last fiscal year in 2013-14. "The SX4 S-Cross and Ciaz are models to expand our product range in future," Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa told reporters here at the Auto Expo.
July 20, 2012 |
CHANDIGARH: Several Punjab-based vendors have started feeling the heat after the shutting down of Maruti Suzuki's Manesar plant due to violence, as fresh orders have been put on hold by the company. Terming the shutting down of the Manesar plant after the violence as "shocking", industry representatives asked the Haryana authorities to resolve the issue at the earliest to put the business on track. "Our supplies to Maruti Suzuki's Manesar plant have been stopped completely after the violence incident hit the plant," Punjab-based GNA Group Director Ranbir Singh told today.
April 27, 2012 |
NEW DELHI: The third pedal is slowly disappearing from the Indian market. Automatic cars known for effortless driving and faster acceleration are gaining traction with every sixth car sold in the Indian market coming with single shift transmission. A majority of the customers buying premium sedans and SUVs opt for automatic transmission vehicles these days. But this trend can also be witnessed among customers of smaller cars such as Hyundai i10 and i20 and Maruti A-Star and DZire as well as Honda's flagship City sedan where around 20% of the customers are shifting away from the traditional manual gears.
February 27, 2014 |
NEW DELHI: Most customers of the newly launched Maruti Celerio hatchback are opting for the expensive automatic variant, surprising the company and signalling a significant demand for automatic cars — know for effortless drive and faster acceleration. According to some Maruti Suzuki insiders, more than 52% of around 20,000 Celerio cars delivered and booked so far in the country have been the automatic variant. This is almost double the share the company had initially expected.
January 9, 2013 |
NEW DELHI: India's largest carmaker Maruti Suzuki continued to lose ground in 2012 when its market share slipped to a new low because of factors including declining sales of entry-level petrol cars, increasing competition and, mostly, labour trouble at its Manesar plants. Company officials and most analysts attribute the slip in Maruti's market share to 37.76% in calendar 2012, down from 44.64% in 2010, to violent labour troubles at Manesar, but some also point to the falling demand at the firm's stronghold of entry-level macro car segment as customers turned to diesel-powered cars on rising petrol prices.
August 7, 2012 |
NEW DELHI: Maruti Suzuki faces a 15 per cent-20 per cent dent in profit due to missed production at its shuttered Manesar plant, portending more trouble for the country's biggest carmaker whose profits slumped for the fourth straight quarter last month. Analysts say this estimate is based on the output loss in the fortnight since the lockout. The losses due to damage to Maruti's assembly line, paint shop and other facilities at its key Haryana plant are pegged at 525 crore. Maruti, 54.2 per cent owned by Japan's Suzuki Motor, shut its Manesar unit last month after disgruntled workers rampaged through the plant following a disciplinary incident.


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Adobe also made Primetime DRM available on apps without a Flash Player plugin, representing a shift away from its Flash-player approach in favor of using emerging HTML5 extensions that support video embedded directly into Web pages.
Showing results 1 to 20 of 655
The search giant thinks there's even more reasons to meet face-to-face, thanks to improvements in its video-chat Google Hangouts features.
For the first time you can access your Google Analytics data from your iPhone. The new mobile apps allows you to monitor your online business with real-time reports in the palm of your hand.
Google is remaining tight-lipped about unconfirmed reports it has signed a deal to buy video game streaming platform Twitch for US$1 billion.
Rosetta Flash exploits weaknesses across all browsers and popular websites to steal user data.
Google launches flash storage and a new load balancing option on its Cloud Platform.
Model BB2411 w/ two cameras and one receiver, up to 8 hours battery life, crystal clear night vision, two-way talk and soothing lullabies. Was $140.
Free $50 gift card w/ Motorola FOCUS360 3.5" indoor/outdoor video baby monitor
Google has launched its Chromebox for Meetings enterprise video conferencing product in Australia, with the platform able to accommodate over 100 meeting participants at once.
Founded by a pair of VMware alums, Stackdriver was designed as "Monitoring-as-a-Service" platform with a mantra of enabling DevOps administrators to "spend more time on dev and less on ops."
[UPDATED] A vulnerability in Flash Player for Windows, Mac and Linux is being exploited in the wild. An update is available from Adobe (and Google and Microsoft for their browsers).
Did you know that Google Glass could be used to monitor rhinos? Yes, that is happening.
Google has announced KitKat for Glass as it launches a one day sale open to anyone in the US.
The timing for the Google Glass flash sale couldn't be better for those looking to blow their tax refunds.
Expanded relationship builds on CDW's burgeoning services and solutions for Google Chromebooks, including a new video collaboration offering.
Google Chrome and Microsoft Internet Explorer both bundle Adobe Flash Player. Is a vulnerability in Flash a vulnerability in the browser now?
Chromebox for meetings fuses two of Google's most collaboration-friendly products: Google+ Hangouts and Google Apps.
You could previously stream Google video content via YouTube and this new application simply presents you with a better user interface to access and stream this content.
A small, donation-ware utility written to let MacBook Pro users monitor how their video cards can affect battery life can serve a dual purpose: rescue a laptop with an erratic video card.
You didn't think a video shot on Google Glass was the only treat that the Internet giant had in store today, did you?

domain: news


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U.S. marketers spent 14 percent more in online advertising in the first half of the year, compared with the same period in 2011, hitting US$17 billion, according to a study sponsored by the Interactive Advertising Bureau (IAB) and conducted by PwC US.
It's the highest amount ever spent on online ads during a year's first semester since the report was first issued in 1996, although the growth failed to match the 23 percent registered during 2011's first half. At the height of the economic crisis, this market shrunk 5 percent in the first half of 2009.
In what will be good news for Google in particular, search remained the biggest ad category, accounting for 48 percent of all spending, up 2 percentage points from last year's first half. Search ad spending grew 19 percent.
Display ads, in the form of banners, digital video commercials, multimedia and sponsorships, captured 33 percent of the spending, down 3 percentage points. Display ad spending grew only 4 percent, but the digital video commercials sub-segment increased its revenue 18 percent.
Spending on ads delivered via mobile devices jumped significantly to $1.24 billion, almost doubling the revenue registered in 2011's first half.
In a statement issued Thursday, IAB and PwC officials said the results indicate that the U.S. online ad market is healthy and strong, with attractive growth opportunities in mobile and video.
"This report establishes that marketers increasingly embrace mobile and digital video, as well as the entire panoply of interactive platforms to reach consumers in innovative and creative ways," said the IAB's President and CEO Randall Rothenberg in the statement.
The 10 biggest online ad sellers captured 73 percent of the revenue, so the market continues to be largely dominated by these vendors, which aren't mentioned in the report but include the usual suspects, like Google, Yahoo, Facebook, Microsoft and AOL.
Retailers as a group spent the most (20 percent), followed by financial services and automotive companies (each one with 13 percent) and telecom companies (12 percent.)
Juan Carlos Perez covers enterprise communication/collaboration suites, operating systems, browsers and general technology breaking news for The IDG News Service. Follow Juan on Twitter at @JuanCPerezIDG.


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Google has been talking up its plans for video streaming apps for a while now.
The search giant has said that it plans to make video streaming available in more than 100 apps, with Google Home coming to the mobile device soon after.
Now, according to an interview with The Globe and Mail, the search giant is “very clear” that the Android streaming services are the way to go.
Google is already the biggest player in the streaming video space, with the Chromecast being a prime example of that.
Google TV has also been a huge success, but it only has a few dozen apps in the Google Play store.
The app store is also getting crowded, as apps are being released every day.
Google has made it clear that it wants to make it easy to create apps that can work across multiple devices.
In an interview earlier this year, Google senior VP of product management Marc Whitten explained that the Google app store would become the platform for “all of our mobile products.”
It’s unclear when that will happen, but Google is already working on apps that will let people control their devices from their phones, tablets, computers, TVs, and more.
Google says that it has been working with other manufacturers on its streaming video apps.
These apps will allow people to control their TVs, televisions, and computers from their mobile devices.
The Android streaming apps are the only ones available for Android phones and tablets.
Google already makes the Android TV app for the Google Cast, Chromecasts, and Chromecast-equipped Android phones, but Whitten did not specify what those apps will look like.
Chromecast is also a big deal for Google.
Google bought the streaming streaming video company, and it’s making its own version of the Chromecast, which is currently available for $59.99.
Chromecasters will be compatible with the Google TV app, but that app is also compatible with Chromecasting devices.
Google also made the Chromcast app available to consumers on its Android TV website.
Google is also looking to release Android TV apps for other platforms.
The Chromecast app is already available on Android TV on the Google store, but a ChromeCast app is in the works for iOS, Windows, and Mac.


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A pioneering new scheme has been launched to help companies in Gwynedd go digital, stem the tide of rural depopulation and boost the county’s economy.
The contract to run the Dyfodol Digidol (Digital Future) project has been secured by the fast-growing consultancy firm, Lafan, who will be providing mentoring sessions and training.
The Gwynedd Council project has received funding from the Gwynedd Shared Prosperity Fund and is available free of charge to any businesses based in the county.
It’s building on the success of a similar project, working with firms in the hospitality, food and drink industries, but the new version has been expanded in its scope and is open to companies of any size, working in all sectors.
Companies that sign up will get three one-to-one mentoring sessions from a digital expert and will be able to choose from 30 different training workshops which will be mainly online.
The project is being delivered by Lafan in partnership with Anglesey-based innovation centre M-Sparc, website designers Gwe Cambrian and marketing company Marketshed.
Lafan consultant Jamie Hughes said: “We look forward to supporting businesses to grow digitally.
“The first step is to establish the business’s goals and then work out what they need, whether that’s e-marketing, social media, choosing the right software, websites, e-commerce or accounting systems for example.
“What I found with that the programme last year was that a lot of companies were not aware of what’s available.”


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Balfour Beatty tries to appease investors as it announces new £250m deal on the Thames Estuary flood defences
Balfour Beatty has tried to appease investors after a spate of profit warnings by announcing a new £250million deal on the Thames Estuary flood defences.
It is the lead civil contractor on the decade-long project that will see embankments and tidal walls constructed.
Chief executive Leo Quinn said the firm brings ‘significant expertise in flood defence’.
Flood defences deal: Balfour Beatty is the lead civil contractor on the decade-long project
Balfour (down 4.2p to 239.2p) has issued six profit warnings in two years and discovered a £70million shortfall in its UK business.
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KENYA – Leading e-commerce player in Africa, Jumia has opened its logistic arm to third parties both B2C and B2B to enable the company undertake logistic operations efficiently and effectively.
“Businesses across the country are re-examining their costs, especially during COVID-19. For many, logistics is a major cost driver and headache to manage. At the request of our partners, we are opening up our logistics arm for B2B & B2C deliveries with the hope that we can provide a better quality of service, at a lower cost,” said Jumia Kenya CEO, Sam Chappatte.
Jumia’s logistics network which the company uses to support e-commerce & express Jumia Food deliveries, is a collaboration of dozens of logistics entrepreneurs across the country including small players, individuals, firms and big players like POSTA and Wells Fargo with thousands of bikes, vans and hundreds of pick up stations, reports TechMoran.
“This move is good news for these partners as it will drive more volume through our network & to them,” said Chappatte.
The newly introduced services include Next Day delivery to all major cities, Same Day delivery in Nairobi and cash on delivery services at competitive prices.
The program has already been piloted with Chappatte revealing that, “We have piloted this program over the last months, and believe the service is relevant for both medium & large businesses to reach fragmented customers, or for smaller businesses or individuals to do social commerce selling – Instagram, Facebook, etc.”
Clients will have the option of dropping off their parcels at Jumia drop off centres in Nairobi or have the company collect from their locations.
With the introduction of the new service, it has given Jumia an edge over its competitors as e-commerce delivery firms have been on the rise recently.
According to a research by Allied Market Share, global E-commerce logistic market is expected to reach US$535.8m by 2022 supported by a CARG of 21.2%.
Looking at the world food delivery segment in particular, revenue is expected to hit US$18.9 billion in 2020, showing an annual growth rate (CAGR 2020-2024) of 8.2%, resulting in a market volume of US$25.95 billion by 2024, highlights Statista.
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Third Point Ventures Backs Startup Oryx Vision
The Israel-based startup developing autonomous cars technology raised $50 million. Oryx Vision invented a special Low-Cost LiDAR, vital for Auto AI
Founded in 2009, Oryx develops a light detection and ranging camera system (LiDAR) for autonomous cars. Headquartered in Petah-Tikva, 6 miles east of Tel-Aviv, it raised $67 million to date. The company expects to ship units for car-mounted testing in the second half of 2018.
Seen as an essential part of autonomous cars, LiDAR systems send lasers to create a 3D mapping of objects around. The current high-costs of such systems is a major challenge for self-driving car initiatives, said London-based market research company HIS Markit in a May 2017 report.
The potential size of the future market has made multiple startups try and improve existing technology and come up with better cost-effective designs and investors are clamoring to get in.
On August 2016, Ford and Baidu announced an investment of $150 million in Morgan Hill, Califonia-based firm Velodyne LiDAR. The same month, Sunnyvale, California-based LiDAR startup Quanergy announced a $90 million funding round and Israel-based Innoviz announced a $9 million round.
“It’s uncommon to discover a company that builds a completely new primary technology and creates a solution with dramatic commercial implications. Oryx does both," said Robert Schwarz, managing partner at Third Point Ventures in a press release Tuesday.
Union Tech Ventures, and existing investors Bessemer Venture Partners, Maniv Mobility, and Trucks VC, also participated in the round, Oryx said.
Oryx intends to use the fund to expedite research and development and advance its relationships with automakers and part suppliers, the company said in a press release.


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North American forest products carloads numbered 969,176 for the year. Total rail freight was 19.48 million carloads, up 0.2% in 2013 from a year ago. Intermodal units rose 4.4% to 16.14 million units, pushing total traffic up 2.1% to 35.62 million units, AAR reported.
US 2013 forest products rail freight at 567,828 carloads was 2.9% higher, Canada at 398,739 carloads was 1.1% higher and Mexico at 2,609 carloads was down 17.9% from 2012.
Through the first two weeks of 2014, North American forest products freight, including pulp and paper, lumber and wood products, and primary forest products, was down 4.8% from a year earlier at 33,321 carloads.
Six of 10 commodity groups tracked by AAR were higher in 2013, with coal down 3.6%, ores and metals off 2.1% and chemicals up 2.4%.


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American president signs manufacturing bill
August 11, 2010
By Mary Del
U.S. President Barack Obama has signed a bill meant to reduce costs for U.S. manufacturers and help them recover from the shaky U.S. economy.
The law is expected to reduce and suspend tariffs on certain materials that U.S. companies must import to manufacture their products. Obama signed the bill into law in a ceremony at the White House on Wednesday, August 11.
The National Association of Manufacturers expects that the new law will help create jobs, cut costs for businesses and consumers, and boost U.S. exports.


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|Enter the fisc|
|Friday, 28 January 2011 00:00|
If seven interest rate hikes between March 2010 and now, by 175 bps in the case of repo rates and 225 bps for reverse repo rates, haven’t helped curb inflation levels, it would seem to suggest that monetary policy has just that much of a role when it comes to curbing inflation. While the higher end of bank loans, for consumption spending, has seen interest rates rise from 18% in March to 25% by September (according to RBI data), inflation remains at fairly high levels and has risen from 7.5% in November to 8.4% in December. Though interest rates are not the only factor influencing the index of industrial production, it is worth keeping in mind that IIP growth fell from 22% in March to less than half in October.
It is in this context that the advice given by Raghuram Rajan, the honorary economic advisor to the Prime Minister, needs to be taken seriously. Speaking to FE at Davos, Rajan added that if you hike rates too much, this will kill growth. None of this is to suggest RBI shouldn’t increase rates when inflation is getting out of hand or to prevent inflationary expectations from getting built up, just that fiscal policy will have a greater impact. In the last two years, for instance, private consumption expenditure grew by an average of 12.6% per annum as compared to 22.1% for government consumption expenditure—the numbers for 2010-11 show that the trends continue with government consumption expenditure picking up by 21.1% in the first six months of the year. As a percent of GDP, government expenditure rose from 15.5% of GDP in 2000-01 to 16.4% in 2009-10, so it is obvious a cut in government spending will go a long way in curbing money supply growth—in 2009-10, for instance, the increase in government spending equalled around 30% of the total hike in commercial bank credit to the non-food sector. No rate hike, unless it is large enough to choke off growth, can possibly result in as much of a slowing in credit growth as a slowing of government expenditure.
The other issue this newspaper has been making for a while is that inflation is directly related to capacity creation—by and large, production has been stagnant in the agriculture sector and this is where prices have risen the most. Matters are nearly the reverse in the manufacturing sector—at the extreme, production of the Maruti Alto rose 8 times in the last decade and, as a result, its prices fell a fourth. Any way you look at it, there’s a lot of work for the government, and the scope of play for Duvvuri Subbarao is limited.


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Why Netflix needs more than cheap plans to drive massive growth in Africa • Techpoint Africa
In September, Netflix unveiled his plan to start testing an inexpensive mobile-only subscription plan in Nigeria. Priced at 1,200 ($ 2.65) per month, this plan will be added to the three existing plans – Basic, Standard and Premium – when it is rolled out.
This is part of Netflix’s strategy to expand into its rapidly growing market in sub-Saharan Africa. This seems a necessary step given the peculiarities of the African market, in particular the low standard of living.
To achieve the expected increase in the number of international subscribers, the global media company has decided to make subscriptions relatively affordable in the region.
Prior to Nigeria, Netflix started this trial in South Africa and Egypt. He also liaised with network operators in South Africa to enable users without a bank account to subscribe with airtime or prepaid vouchers.
However, this is not unique to Africa, as growing broadband internet markets and developing economies are also gaining attention. Before focusing on Africa, India was Netflix’s first stop for inexpensive mobile-only plans where it tested a 50% discount for its 3, 6 and 12 month subscriptions.
Hunt millions of subscribers
Seeking to gain users from its high-priced competitors – Amazon and Disney – the US company began testing a $ 2.8 mobile plan in India over a year ago. The subscription excludes TV broadcasting and can work on one device (smartphone or tablet) at a time.
In 2018, Netflix had around 1.2 million subscribers nationwide. The plan was launched a few months after the testing phase, and by the end of 2019 there were two million subscribers on the platform.
In July 2020, a new affordable plan – Mobile + – has been introduced. Capped at $ 4.70, compared to $ 7 and $ 11 for traditional subscriptions, Mobile + allows users to stream to phones, tablets, and computers only.
Netflix’s decision to make the plan available to more users will depend on the feedback it receives from the three-month testing period. But then, there are still 98 million subscribers according to Reed Hastings, CEO of Netflix projection for years to come.
In addition to its price cuts, Netflix has been involved in local movie scenes in these countries. For example, it has placed over 40 original Bollywood series, movies and shows on its platform since July 2018.
Netflix’s interest in Africa was evident in 2018 when it acquired Nigerian production Lionheart. Before that, he had only allowed popular Nollywood releases after they were shown in theaters. A case in point is The wedding party – Nigeria’s highest grossing film.
In February 2020, the video streaming giant released its first fully produced African series, South African Queen Sono. Subsequently, he launched Netflix Naija and, before the pandemic, revealed plans to free nollywood originals.
Clearly, what Netflix seeks to achieve with all of these actions is unleash the growth potential of Africa’s promising tech economies.
Go through a 2019 report, South Africa had about 152,000 subscribers. And with Luxembourg (52,151 subscribers) occupying the last position in the top 50, it’s safe to say that Nigeria probably had less than 50,000 subscribers who missed out on the top 50. Nonetheless, the African market contributed to the massive increase in subscribers registered after the first quarter of 2020.
Over the next five years, Netflix is expected to have 3.6 million subscribers on the continent. Given the slow but steady growth observed with India despite the incentives, this progression can also be observed in the African market. Although there are more competitors in India relative to its population, Africa also has its share of rivalry.
Internet penetration is fueling the media streaming market, but …
Netflix entered the African market in 2016, taking all 54 countries in one fell swoop. It’s a movement of global expansion includes India and many other countries with a burgeoning subscription video on demand (SVoD) market.
Rather, the attraction was the result of increased internet access, which makes these locations excellent for streaming products. And although Netflix has become the largest media streaming platform in the world, it has not been accepted by the mainstream in Africa.
The major of Netflix rivals in Africa are Showmax – MultiChoice’s streaming platform – and YouTube.
Showmax has been successful in attracting local and foreign clients by providing access to a range of local African content. It does this as a standalone platform or as an incentive by subscribing to MultiChoice’s DStv Premium plans.
But the competition cannot be blamed for Netflix’s weak growth because in the African market, content is essential but pricing is a driving force.
Even though Netflix tried to get ahead of this with its discounts, price cuts and promotional tactics, the challenge is greater than that and the economic reality has a huge influence. And according to Jason Njoku, that’s why he moved his startup, IROKOTV – which offered the cheapest subscription package – outside of Nigeria earlier in the year.
There is also the question of the availability and affordability of the Internet to consider. Given the growth trend over the past four years, five years may not be enough to reach the $ 3.6 million target.
Marked in the ‘Next Billion’ market like India, Africa has some prospects, but it’s probably best not to expect too much too soon.


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After two months of closure, which was necessary against the background of the spread of coronavirus, finally opened old shop chocolate Gay Odin Naples. And he was ready to take the sweet tooth.
the Opening is scheduled on 18 may 2020. Will be opened 4 out of 11 stores of an ancient chocolate factory Gay-Odin: one in Rome and three in Naples!
(Via Toledo 214 (gallery), Via Colonna Vittoria 15 / b and Via Luca Giordano 21).
For those who can't go to the store, Gay Odin carries out home delivery.
And that's great news for chocolate lovers. Because very soon you will be able to try all the delicious offerings of the shop.
First of all, be natural, delicious creams and ice creams, among which you can choose something according to your taste: ice cream with the taste of the acorn, Sicilian pistachio with almond paste Avola, caramel and almonds, ginger, chili, coffee, rum and cinnamon . No lack of chocolate ice cream-Foresta - historical product, which marks the 100-year anniversary this year.
For chocolate lovers will be in Chico at Chico, small truffles covered with cocoa powder, cremini verdeprato with hazelnuts and almonds, with pistachio grains in the waffles, filled with chocolate cream.
for "Naples Slavic"
The Museum Mother of Naples reopened for the public on Monday, may 18, 2020. 17.05.2020 at 09:00
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Naples: the air force removed the catacombs of San Gaudioso, photos and videos 03.03.2020 at 08:03
Perugia: Why you never heard about the best Museum Italy 03.03.2020 at 07:27


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Yamaha aims rural market to double its outlets in five years
Yamaha Motor, the world’s second-biggest motorcycle maker, plans to double its sales outlets in India in the next five years to tap demands in villages. The company plans to increase showrooms to 2,000, mostly in small towns and rural hubs. Around 10 percent of people living in villages in India own a motorcycle, compared with the national average of 18 percent. The company is refurbishing some of the existing outlets in small towns and rural hubs, and adding new ones called Yamaha Bike Corners, organising free motorcycle service camps and test rides. The new Yamaha outlets in villages would offer an opportunity to the in-store signage companies to unwrap business across the new region.


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BEDFORD-STUYVESANT — Cheer on your favorite team at a new sports bar planned for Fulton Street.
Fulton Ale House, located at 1446 Fulton St. near Tompkins Avenue, is slated to open on the commercial corridor by mid-December, according to co-owner Diana King.
The business will be a “sports bar in more of a classic pub environment” with a “quieter, more subdued” feel, King added.
The bar is also headed by Jimmy Grimason, who owns Highbury Pub on the border of Kensington and Ditmas Park.
Local, pop-up-style vendors will serve food from the 1,000-square-foot outdoor space, which will also have seating for patrons, and pizzas and savory pies will be served indoors.
With more than 900 square feet of space inside, there’s planned seating for 43 guests, King said, and the bar will start out with four TV screens to show a variety of games.
“This will be a place where people can actually go have a conversation with someone,” she said, adding that there will be no loud music.
Fulton Ale House’s drinks menu is set to include a variety of craft and European beers, along with craft cocktails.
The owners are also looking to hire bartenders from the neighborhood, they said.


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Flesh of Your Flesh – Should you eat meat?
by Elizabeth Kolbert for The New Yorker, November 3, 2009
“Americans love animals. Forty-six million families in the United States own at least one dog, and thirty-eight million keep cats. Thirteen million maintain freshwater aquariums in which swim a total of more than a hundred and seventy million fish.
Collectively, these creatures cost Americans some forty billion dollars annually. (Seventeen billion goes to food and another twelve billion to veterinary bills.) Despite the recession, pet-related expenditures this year are expected to increase five per cent over 2008, in part owing to outlays on luxury items like avian manicures and canine bath spritz.
“We have so many customers who say they’d eat macaroni and cheese before they’d cut back on their dogs,” a Colorado pet-store owner recently told the Denver Post. In a survey released this past August, more than half of all dog, cat, and bird owners reported having bought presents for their animals during the previous twelve months, often for no special occasion, just out of love. (Fish enthusiasts may bring home fewer gifts, but they spend more on each one, with the average fish gift coming to thirty-seven dollars.)
A majority of owners report that one of the reasons they enjoy keeping pets is that they consider them part of the family.
Americans also love to eat animals. This year, they will cook roughly twenty-seven billion pounds of beef, sliced from some thirty-five million cows.
Additionally, they will consume roughly twenty-three billion pounds of pork, or the bodies of more than a hundred and fifteen million pigs, and thirty-eight billion pounds of poultry, some nine billion birds. Most of these creatures have been raised under conditions that are, as Americans know – or, at least, by this point have no excuse not to know – barbaric.”
…read the entire very confronting 4 page article
Posted by Kurma on 4/11/09; 3:38:16 PM


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Elkhart, Ind., is flashing a warning sign that a recession could be just ahead.
Capital of the country’s recreational-vehicle industry, the northern Indiana city and the surrounding area are watched by economists and investors for early indications of waning consumer demand for luxury items, often the first sign of economic anxiety.
This story by Shayndi Raice originally appeared in The Wall Street Journal.
Shipments of RVs to dealers have fallen about 20 percent so far this year, after a 4.1 percent drop last year, according to data from the RV Industry Association. Multiyear drops in shipments have preceded the last three recessions.
“The RV industry is better at calling recessions than economists are,” said Michael Hicks, an economist at Ball State University, in Muncie, Ind. Hicks said softening consumer demand for RVs coupled with rising vehicle prices due to tariffs suggests the economy is either in a recession or soon headed for one.
The Dow Jones Industrial Average posted its largest one-day decline of the year last Wednesday, when yields on the 10-year Treasury note briefly fell below yields on two-year notes for the first time since 2007. The phenomenon is often viewed as an indicator of a recession.
A drop in consumer demand can ricochet back to Elkhart. Unemployment in Elkhart County, which has a population of 200,000, was 3 percent in June, below the national rate of 3.6 percent, according to federal data. But it is up from a low of 2.1 percent in April 2018. Weekly hours worked fell by half a percent in June.
During the last recession, Elkhart’s unemployment rate hit a high of 20 percent in 2009.
RV manufacturing giant Thor Industries,based in Elkhart, said in an earnings press release that it was cutting back production of RVs and shifting its staff to a four-day workweek. LCI Industries, another Elkhart manufacturer, consolidated some of its facilities to address the slowdown.
Baird analyst Craig Kennison said he estimates based on proprietary data that retail sales of RVs this year are down mid-to-high single digits and expects a similar decline next year.


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Brief Buzz: Trending now in digital marketing â€“ Swati Nathani
Adgully has commenced a new column – ‘Brief Buzz’ – wherein we are inviting industry experts to share their views on what is trending right now in different fields of advertising, media and entertainment. And we have asked them to keep it short and sweet.
In this article of Brief Buzz, Swati Nathani, CBO, Team Pumpkin, writes about what is trending in digital marketing today.
Digital marketing has been evolving at a greater speed than ever. There are many new trends that brands and agencies are adapting to stay ahead and above competition. Primary reason for this change is the focus on data and analytics have increased significantly. With Facebook’s Topic Data availability and Google analysing all micro moments, it has become imperative for brands to base their campaign and communication decisions on data.
Storytelling is another trend that more and more brands are adopting in their content strategies. The brands are now less focused on pushing their products and more interested in experimenting with newer formats of content. Brands are also now ‘humanifying’ the communication to audiences which improves their credibility. Some trends, however, remain established. For example, focus on UGC and Topicality of Updates will rule the roost. These trends will continue for some time.


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2020 has been an unforgettable year, one that most will be more than happy to see the end of. This is particularly true for the retail sector, with this year being subjected to disruption on an unprecedented scale. For retailers, retail property owners and investors alike, this year has been characterised by a variety of obstacles such as store closures due to lockdowns, concerns over inventory and supply chains, difficult negotiations over rents and income, rapid acceleration of e-commerce and omni-channel models, and a general uncertainty that has touched all areas of the global population and economy.
In this latest edition of our ExCEEding Borders series, we take a look at the retail real estate market and sector across the CEE-17 countries, with a specific focus on shopping centres and retail parks. We also look at the trends impacting both consumers and the retail sector overall, some of which have been in the making for a few years already, as well as bringing insights from a few of the key players who are active in the region.
Although for many times are very challenging, there are some green shoots of optimism. Whether they be related to the updates on vaccines and the impact they will have, or the success stories that have risen out of the pandemic through the need to adapt to the ever changing conditions and restrictions.


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A week ago, Twitter unveiled its long-awaited ad platform to the world: Promoted Tweets. While it was a focal point of last week’s Chirp conference in San Francisco, there still seem to be some questions as to how exactly it works. So Twitter has made a short (but slow) video tutorial on the feature.
Posted a few days ago, the video appears at the top of one of Twitter’s FAQ pages for the new feature. But rather than being at the top of the user FAQ (which most people will presumably read), it’s at the top of the business FAQ. So we’ll go ahead and embed it below.
In the video, a brand, HashtagTees, creates a promoted tweet to display during a concert in California. On the advertiser side of things, a company selects a number of keywords they hope to use to trigger their promoted tweet, and then select the tweets to show — seems straightforward enough. These tweets then show up at the top of the results for those search terms, with a small, yellow highlighted area to show that it’s a promoted tweet.


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BARABOO, Wis. — Wisconsin is excited to be hosting the 2019 National Holstein Convention. To promote our Wisconsin Registered Holstein breeders, we are offering an online and print directory and map listing for just $50. The print map will be distributed at the 2018 National Holstein Convention, Wisconsin Holstein events, World Dairy Expo and the 2019 National Holstein Convention. The interactive map will be available on the 2019 National Holstein Convention website.
Information featured on the map include farm name, address, contact information, BAA, average production and a short write up.
You can sign up for the map by visiting the Wisconsin Holstein Association website or by contacting Mara Budde at 608-356-2114 or firstname.lastname@example.org. Don’t miss this chance to get your herd in front of thousands of fellow Registered Holstein breeders, owners and enthusiasts.
Looking for more than just map and directory listing? We have a variety of additional promotional packages to help you promote your herd. Visit our website or contact Laura Wackershauser at email@example.com for more information.
— Wisconsin Holstein Association
For more news from Wisconsin, click here.


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INOVAS Telecommunications Sdn Bhd has launched a USB phone that enables voice calls to other Inovas USB phones, fixed lines and mobile phones via dialup, wired or wireless Internet access.
European company Kazaa offers a similar Voice over Internet Protocol (VoIP) service with USB phones from PC to PC, but Inovas claims to be the first in the world to offer calls to fixed lines or hand phones from USB phones.
You can make and receive phone calls from anywhere in the world as long as you have an Internet connection plus a notebook or PC, Inovas chief executive officer Gerard Lim told Bernama yesterday.
Calls from one USB phone to another are free, while Inovas offers discounted rates for long distance calls to fixed lines or mobile phones.
The MSC-status telecommunications applications service provider has 2000 corporate customers using its different voice services.
Lim launched a two-month roadshow at a Starbucks Coffee outlet in Kuala Lumpur yesterday. Starbucks outlets are wireless Hot Spots. Inovas USB phones will be available at 10 computer retail outlets in the Klang Valley, Lim said, adding that he was looking for additional retailers and distributors as well as partnerships with broadband service providers and Hot Spot operators, who could rent the phones to their customers.
The phone normally retails at RM430 but will be available at RM350 until Dec 14, including a PayLess prepaid IDD/STD calling card worth RM30 and software for Microsoft Windows, as well as a limited number of The Lord of the Rings: The Return of the King packages with tickets to the charity premiere, a Starbucks mug and beverage voucher. Bernama
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Is Hudson Bay closing stores in Canada?
Is Hudson Bay closing stores in Canada?
Hudson’s Bay currently has 85 stores across Canada, including the location set to close. “We are committed to treating every associate with respect and fairness through this process,” Ms. Bourré wrote in the statement.
Where is Hudson Bay company located in Canada?
Originally headquartered in London, England, its head offices are located in Brampton, Ontario. HBC is a private business owned by a holding company. This is the full-length entry about the Hudson’s Bay Company.
Is The Bay closing in Montreal?
The Hudson’s Bay store at Les Jardins Dorval in suburban Montreal will be closing in September of 2021. It’s the third confirmed closure for a Hudson’s Bay store in Canada this year, following the announcements that the downtown Edmonton and downtown Winnipeg Bay stores would also shut forever.
How many Hudson Bay stores are there in Canada?
As of August 2021, Hudson’s Bay operates 86 locations in seven Canadian provinces.
Which Hudson Bay store is closing?
TORONTO — Hudson’s Bay is closing one of its two stores in downtown Toronto after 48 years. The department store retailer says its Bloor Street location will close May 31, joining stores in Edmonton, Winnipeg and Dorval, Que., that have shuttered in recent years.
Is Zara Canada closing?
A Popular Toronto Zara Is Reportedly Closing This Month After Over 20 Years Of Business.
How many Hudson’s Bay stores are there?
Number of Hudson’s Bay Company stores from 2012 to 2019, by brand
|Characteristic||Hudson’s Bay||Saks OFF 5TH|
What is the oldest company in Canada?
Hudson’s Bay Company (HBC)
On May 2, 2020, Hudson’s Bay Company (HBC), the oldest continuously operating trading company in the world, turns 350.
Is Zara closing in Canada?
Popular fast fashion retail giant Zara will be closing its Bloor Street location at the end of the month, according to Retail Insider.
Is The Bay closing 2022?
It’s the end of an era. It’s the end of an era for an iconic Toronto store. The Hudson’s Bay, which has occupied the corner of Yonge and Bloor Streets for nearly 48 years, will be shutting its doors at the end of May 2022. The store, which spans 270,000 sq ft over five floors of retail space, first opened in 1974.
What stores are owned by Hudson Bay?
Our portfolio businesses feature some of the most iconic brands in retail: Hudson’s Bay, Saks Fifth Avenue and Saks OFF 5TH.
Is the Hudson’s Bay closing?
It’s the end of an era for an iconic Toronto store. The Hudson’s Bay, which has occupied the corner of Yonge and Bloor Streets for nearly 48 years, will be shutting its doors at the end of May 2022.
What is the largest employer in Canada?
Since 1990, trade has been Canada’s largest employer, followed by manufacturing.
Are any Bed Bath and Beyond stores closing in Canada?
Bed Bath & Beyond But with the pandemic curbing foot traffic, the company said in July 2020 that it would close around 21 per cent of its stores in the U.S. and Canada over two years. That’s 200 locations.
Who owns the Bay in Canada?
Hudson’s Bay Company
|Revenue||CA$9.4 billion (2018)|
|Net income||CA$−631 million (2018)|
|Owner||NRDC Equity Partners (48%)|
|Number of employees||30,000 (2017)|
What do the lines on a Hudson Bay blanket mean?
The term “point,” in this case, originates from the French word empointer, which means “to make threaded stitches on cloth.” The points were simply a series of thin black lines on one of the corners of the blanket, which were used to identify the size of the blanket.
Why did The Bay change its name?
The separated businesses will have different names. The e-commerce business will be called ‘The Bay’, which is a nod to the name the retail chain formerly held prior to the renaming of the department stores as ‘Hudson’s Bay’ in 2013.
Is the Bay closing in 2022?
Is dollarama a Canadian company?
Dollarama today is a recognized Canadian value retailer with well over 1,000 locations, led by Neil Rossy, fourth-generation retailer and member of Dollarama’s founding management team.


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Clarion Gaming reported last week that industry buyers have already ordered a record number of entry badges for its 2009 International Gaming Expo. According to a company press release, pre-registration is up 34.1 percent from this time last year (11 weeks from the event).
“Our pre-registration data confirms the value of creating an event which embraces land-based casinos, remote gaming, low-stakes gaming, iVTs and ancillary products,” IGE marketing manager Charlotte Skinner said. “Visitors to IGE will have access to a universe of gaming equipment systems and platforms all in a single location. The spike in our pre-registration figures reflects IGE’s status as the most complete gaming exhibition on the calendar.”
Among the highlights that may be attracting such large crowds is the expo’s new format. A combination of both the International Casino Expo and the ICEi, the IGE will open with an International Casino Conference organized by Clarion and the European Casino Association. On deck for discussion at the conference will be topics ranging from current EU regulatory rulings to a “Player Loyalty” seminar.
Additionally, the ICC will include a “Networking Party” to be held at G Casino’s Piccadilly location.
ECA chairman Ronald Goudsmit said, “We’re delighted to announce the conference as part of our exciting ongoing plans with Clarion Gaming. We believe that the time is right for a high-level conference tailored specifically to the needs of the casino industry and hope that both our members who will attend IGE and the broader international casino community will join us for this important forum for discussion and networking.”
The ICC will kick off the festivities on Jan. 26, followed a day later by the IGE, which will run from Jan. 27 to the 29. Clarion requests that all interested parties visit the expo’s official site for ticketing information.
Hop-on Announces Android Togel Singapore Gambling
Thursday, U.S. cell-phone developer Hop-on announced plans to unveil cellular-gambling software for the Linux-based Android Platform. The unveiling will take place next month at the Consumer Electronic Show in Las Vegas.
Android is a 3G-networked software platform and operating system, which was initially developed by Google and later became the brainchild of the Open Handset Alliance – a 34-member consortium of handset makers, application developers, mobile carriers and chipmakers. The Hop-on software will offer Android users video games as well as live-streaming baccarat, poker, blackjack and roulette and will feature open-source licensing, the company said.
The news comes as analysts name cellular gaming as one of the few silver linings in an otherwise-bleak recessionary cloud. Alexander Resources forecasts, “Mobile-gaming revenues are set to reach $16 billion.” And High Beam Research concluded, “2008 has been an encouraging year for a number of mobile gambling service providers, with many seeing total wager increasing by [sic] more than 100 percent.”
The caveat, as High Beam pointed out, is that “The rollout of such services has been limited to a few key markets, most notably the U.K.”
Yet Hop-on President and CEO Peter Michaels indicated that the company plans to cater to a limited market with its software.
“We will be bringing mobile gaming to Europe where gaming is legal, secure and regulated,” Michaels said.
Michaels went on to say, “New 3G wireless technologies and phones will play a big role in the growth of mobile gaming by making it more convenient and secure. These new networks and phones will (make) real-time, exciting player-to-player betting… possible.”
Hop-on said the Android will retail for less than $200 and that the software will “be available in any language and in any currency.”


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29 popular, but fake photo-filter apps have been pulled from the Google App store. The malicious apps with fraudulent 5-star reviews, were pushing ads that led users to fake content and pornography sites according to a report from Trend Micro.
Mike Bittner, Digital Security and Operations Manager at The Media Trust:
“Phishing attacks using apps as vehicles are on the rise because they work—they are increasingly hard to detect and analyze, and consumers often download apps based on reviews and assume the app providers or app stores have conducted tests to ensure the apps are safe. In today’s increasingly perilous threat landscape, everyone from app developers, to sellers, to users, should exercise greater caution. Developers should build security and privacy into their apps so they are not compromised. Sellers should scan all apps on their online storefronts from users’ perspective to find out and root out those that could cause harm. Users should pay closer attention to negative reviews when considering whether the conveniences an app promises is worth the risk that their data could be stolen or abused.”


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Block Inc. is now offering buy now, pay later (BNPL) options for vendors and shoppers in Canada on its point-of-sale platform Square following successful launches in the United States and Australia, the company said on Sept. 22.
The software company, formerly known as Square Inc., entered the BNPL business early this year following an explosion in the payment method’s popularity. At the end of January, Block closed its acquisition of Australia-based Afterpay Ltd., a financial technology company best known for its BNPL service.
“We now have a consumer foothold and a merchant foothold in Canada that we didn’t have before,” Alyssa Henry, head of Block’s point-of-sale unit Square, said. “As we were in beta with a number of merchants in the Canadian market, we saw the same things that we see in other markets in that these merchants are getting more consumers.”
In recent months, competition in the BNPL space has heated up as consumers grow more comfortable breaking up large purchases into smaller payment instalments that often carry zero interest. This summer, Apple Inc. announced it will create Apple Pay Later, its own version of BNPL, ratcheting up the buzz in the sector.
Inflation at levels not seen in decades has only propelled BNPL adoption. In July and August, growth in the consumer price index in Canada slowed to 7.6 and seven per cent, respectively, but still well above the Bank of Canada’s target of two per cent.
Accelerating prices have eaten away at Canadians’ discretionary income and the central-bank’s rate hikes — with more expected — have exacerbated the problem. The policy rate currently sits above 3.25 per cent, a steep climb from 0.25 per cent in February. Some Bay Street forecasters are predicting interest rates will peak as high as four per cent before year-end.
Amid those cost-of-living pressures on consumers, companies are racing to carve out chunks of the US$5.9-billion BNPL market in Canada and capture the wallets of gen-Zers and millennials, the biggest users of those payment plans. Henry said Square merchants who began using BNPL saw customer numbers increase, conversion rates shoot up and average order values grow.
“Our central thesis is that we’re going to use this product, integrate it into both sides of our ecosystem, to make an even stronger connection between the two sides — merchants and consumers,” she said.
In the U.S. and Australia, Block said BNPL transaction sizes were three times bigger than those paid all at once. Globally, the number of new customers paying with Afterpay’s service grew by 180 per cent between February and March this year, the company said.
BNPL companies have faced some criticism in the wake of their growing popularity. Critics have said the payment option can be predatory and allows consumers to rack up debt.
In Canada, vendors using Square are only allowed to offer BNPL on purchases that are a minimum of $50, Henry said. There is also a procedure in place to ensure customers don’t get trapped making numerous BNPL purchases they can’t afford.
“If you miss a single payment, you can’t spend anymore. We’re done until you pay that off again,” she said. “You have to prove you’re responsibly spending and paying back in order for us to raise the amount you can spend on Afterpay.”
Canadian merchants who use Block’s Square payment system will have until Dec. 31 to try the new Afterpay integration for free.


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STOMP it anytime, anywhere.
Download the new STOMP app today.
A customer was shocked to discover that the price of his beloved roast pork rice has gone up by 40%, from $5.80 to $8.10.
According to Shin Min Daily News, the customer had visited Liao Fan Hawker Chan's outlet at Plaza Singapura's Kopitiam food court. He later went online to complain that the stall had increased its prices without notifying customers.
Mr Liang Jianan, 40, said he would patronise the stall once a week but only discovered the price hike recently. Taken aback, he repeatedly asked the stall's cashier to confirm the 40% price increase.
Mr Liang said: "I later checked and found that this plate of rice was no different than before, except for an extra half an egg now."
He felt that the stall should have verbally reminded customers about the new pricing since it was quite a significant hike, adding: "If I had known that the increase was so outrageous, I would have gone to the hawker centre nearby instead."
When contacted by Shin Min, Liao Fan Hawker Chan's flagship store at Chinatown acknowledged the price hike but said the costs of cooking oil, pork, gas, water and electricity are all rising.
Customers are also paying $0.30 more for takeaway boxes, which has seen an increase in costs too.
A spokesman added: "We will adjust prices again when things are more stable."
A reporter visited Liao Fan Hawker Chan and found that other items on its menu have undergone price adjustments too:
Signature soya sauce chicken rice: $5.50 -> $6.80
Char siew rice: $5.50 -> $7.80
Pork ribs rice: $5.50 -> $7.80
2-meat combination platter: $8 -> $12
An employee told Shin Min that the stall has received complaints about the price hike, adding: "In the past, customers would add on meat and vegetables, but now they only order the basic set meal."
Liao Fan Hawker Chan was awarded one Michelin Star in 2016, but lost it after five years. 2022 marks the second year in a row it has been displaced from the list.


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Q1 2022 housing sales at all-time high over, 99,550 housing units sold in top 7 cities
Mumbai, April 1, 2022: Quarterly housing sales in Q1 2022 are at an all-time high since 2015 with approx. 99,550 units sold across the top 7 cities, reveals latest ANAROCK Research data. This is a 71% yearly rise against approx. 58,290 units sold back in Q1 2021. The two leading realty hotspots – MMR and NCR – accounted for over 48% of the total sales in the top 7 cities, with NCR witnessing an over 114% yearly jump.
New launches across the top 7 cities witnessed a 43% yearly rise – from 62,130 units in Q1 2021 to over 89,150 units in Q1 2022. As in the previous quarter, MMR and Hyderabad saw the maximum new supply, accounting for 51% of the total new launches across the top 7 cities. Individually, the two cities saw 59% and 71% yearly increases in their new supply, respectively.
Despite spiralling new launches in this and the previous quarter, unsold inventory in the top 7 cities saw a approx. 2% yearly decline – from 6.42 lakh units towards Q1 2021-end to approx. 6.28 lakh units by Q1 2022-end. Even on a q-o-q basis, unsold stock saw a 2% dip across the top 7 cities. Chennai, MMR, and NCR saw the highest yearly declines in Q1 2022 – by 11%, 10% and 9%, respectively.
“The bull run in the housing market continued in the first quarter of 2022, with approx. 10% q-o-q and 71% y-o-y growth in sales, thus recording all-time high quarterly sales since 2015,” says Anuj Puri, Chairman – ANAROCK Group. “The impact of the third Covid-19 wave was significantly lower than of the preceding two waves. The unrelenting appetite for homeownership amid the pandemic has coupled with a growing certainty of impending price rises to speed up housing sales velocity.”
New Launch Overview
The top 7 cities recorded new launches of around 89,150 units in Q1 2022 against 62,130 units in Q1 2021, increasing by 43% over the previous year’s corresponding period. The key cities contributing to new launches in Q1 2022 included MMR (Mumbai Metropolitan Region), Hyderabad, Pune, and Bengaluru, together accounting for an 82% supply addition.
- MMR saw approx. 23,640 units launched in Q1 2022 – a significant increase of nearly 60% over Q1 2021. More than 57% new supply was added in the sub-INR 80 lakh budget segment
- Hyderabad added approx. 21,550 units in Q1 2022, a yearly increase of 71% over the corresponding period last year. Over 63% new supply was added in the INR 80 lakh to INR 2.5 Cr price bracket
- Pune added new supply of approx. 14,490 units in Q1 2022 compared to 13,820 units in Q1 2021 – an increase of 5%
- Bengaluru added approx. 13,210 units in Q1 2022, a significant yearly increase of 72%. Approx. 65% new supply was added in the mid-range and premium segments, i.e., the INR 40 Lakh – INR 1.5 Cr. price bracket
- NCR saw an increase of 38% in new launches over Q1 2021 of the previous year with approx. 9,300 units launched in Q1 2022
- Chennai added approx. 3,060 units in Q1 2022, a yearly decrease of 34% over Q1 2021. It was the only city to see a decline in new supply
- Kolkata added approx. 3,900 units in Q1 2022, a significant increase of 115% over Q1 2021. Approx. 55% new supply was added in the affordable segment
|City-wise New Supply (in Units) & Percentage Change|
|Cities||Q1 2022||Q1 2021||% Change (Q1 2021 vs Q1 2022)||Q4 2021||%Change (Q4 2021 vs Q1 2022)|
Source: ANAROCK Research
Overall Sales Overview
Approx. 99,550 units were sold in Q1 2022 – a significant increase of 71% over Q1 2021. NCR, MMR, Bengaluru, Pune, and Hyderabad together accounted for 89% sales in the quarter.
- Hyderabad recorded sales of 13,140 units in Q1 2022, a massive spike of 199% over Q1 2021 – mainly due to continuous flow of new supply in the city over the past 5-6 quarters
- NCR and Kolkata also saw massively increased sales in Q1 2022 when compared to the other top cities. Sales in NCR and Kolkata increased by 114% and 124% respectively over Q1 2021, with approx. 18,835 and 5,990 units sold, respectively
- MMR and Bengaluru saw housing sales increase by 43% and 55% respectively in Q1 2022 against Q1 2021, with approx. 29,130 and 13,450 units sold, respectively
- Chennai saw approx. 4,985 units sold – an increase of 75% over Q1 2021
- Pune saw 14,020 units sold in Q1 2022, increasing by 33% over Q1 2021
|City-wise Absorption (In Units) & Percentage Change|
|Cities Name||Q1 2022||Q1 2021||% Change (Q1 2021 vs Q1 2022)||Q4 2021||%Change (Q4 2021 vs Q1 2022)|
When compared to Q1 2021, the increase in overall absorption in the top 7 cities in Q1 2022 resulted in an overall reduction of 2% in the available inventory by Q1 2022-end – from approx. 6.42 lakh units in Q1 2021-end to approx. 6.28 lakh units by Q1 2022-end. Chennai, MMR, and NCR witnessed the highest reductions in available inventory in Q1 2022 when compared to Q1 2021 – by 11%, 10%, and 9% respectively.
Price Movement Average residential property prices across the top 7 cities increased in the range of 2-5% in Q1 2022 when compared to Q1 2021, mainly due to increase in the prices of construction raw materials. Hyderabad recorded the highest 5% annual jump.
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Bushiroad International has simultaneously revealed the start and end date of its upcoming mobile game, Love Live! School idol festival 2 Miracle Live.
On Twitter, the publisher announced the game’s worldwide launch would land sometime in February. And just mere sentences later, it said it would shut the game down on May 31.
“We appreciate the love and support you’ve shown, and we’re committed to making these last few months an unforgettable moment,” wrote Bushiroad.
It’s an odd bit of handling for the game, which first launched in Japan in April 2023. Per Kotaku, the international version was delayed from its initial December 2023 date.
In between the vague February launch and May end, players will still be able to purchase in-game items. In-game purchases are usually the first feature to get closed ahead of a game’s end, but not here.
Love Live! School idol festival 2 Miracle Live may be one of the first 2024 games to have its servers shut down. It might also have one of the shortest lifecycles for a mobile game in recent memory.


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TracFone breached FCC rules by improperly certifying that it would unlock phones for customers who are enrolled in Lifeline, a program that provides discounts to low-income Americans, according to an FCC news release.
July 2, 2015
By Josh Long
The Federal Communications Commission on Wednesday announced a settlement with TracFone Wireless to unlock handsets to millions of American consumers.
TracFone, a prepaid wireless provider, breached FCC rules by improperly certifying that it would unlock phones for customers who are enrolled in Lifeline, according to an FCC news release. Lifeline is a 30-year-old government program that provides discounts on phone service to low-income Americans. TracFone last month reported serving 4 million Americans through its SafeLink Wireless program, a Lifeline supported service.
The settlement will enable TracFone customers – including non-Lifeline customers – to choose to use the mobile devices on other networks, the FCC said.
“Unlocking of cell phones has been widely embraced by the wireless industry and by consumers across the country,” said Travis LeBlanc, chief of the FCC’s Enforcement Bureau, which estimates at least 8 million customers could benefit from the settlement. “Today’s agreement ensures that millions of eligible TracFone customers will be able to use their phones on any compatible network they choose.”
While TracFone is going through the process of unlocking the phones, eligible customers can reach out to the company to receive a new unlocked handset, credit for an upgrade to their device, or a partial cash refund in exchange for their locked handset, according to the FCC.
“We’ve reached an amicable agreement with the FCC,” TracFone said, declining further comment.
TracFone, a subsidiary of America Móvil, says it is the nation’s largest prepaid wireless carrier, with more than 25 million subscribers.
Read more about:Agents
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For weeks now Microsoft has been insisting that there is no way it can remove its Web browser, Internet Explorer, from the Windows 95 operating system, as a federal judge has ordered, without "breaking" users' computers or "rendering them inoperable."
Thursday, Microsoft reached an agreement with the Justice Department that resolves one part of the continuing legal dispute, and -- surprise! -- it seems that it is not so hard after all for Microsoft to comply with the judge's order. Microsoft will now make available two additional versions of Windows 95: one that still includes all the IE browser files but lacks the prominent placement of the program icon on the desktop; and another that's missing all those IE files that Windows' own "Add/Remove Programs" utility would remove if you told it to remove IE.
The Justice Department's lead antitrust lawyer was quick to declare "a victory for consumers and innovators," but the agreement will probably have little real-world impact. Since IE is distributed for free, it's highly unlikely that many computer manufacturers will opt for the browserless versions of Windows 95; why should they? Given Netscape's announcement Thursday that it will henceforth distribute its browser for free as well, the most likely outcome is that some computers will come with IE installed and others will come with IE and Netscape Navigator installed. Big deal.
But what really matters here isn't which browser will be bundled with the last few months' worth of Windows 95 systems; the continuing court battle's import lies in how it will affect Microsoft's next operating system, Windows 98, which is due later this year and promises a much tighter integration of the browser.
Microsoft's whole strategy from the start has been to maintain that the IE browser and Windows 95 are already inextricably intertwined -- even though the browser is available as a separate retail product. The most interesting aspect of Thursday's agreement, then, is the language Microsoft is using to make sure the deal doesn't look like a cave-in. If you read Microsoft's press release, it turns out that the company is not admitting that it is actually offering a browser-free Windows 95. Both of the new options "entail leaving all or nearly all of Internet Explorer in Windows 95, but removing or hiding customer access to the browser functionality."
This is a fair description of the version of Windows in which the browser icon has simply been removed from the desktop. But what about the one that has removed all the files the Add/Remove utility deletes when you tell it to remove IE? It sounds like what Microsoft is really telling us is this: "You know that feature of our operating system that lets you add and remove programs? Well, don't believe the name. It doesn't remove programs -- all it does is 'remove or hide your access to their functionality!'"
Microsoft continues to be in a no-win situation in this battle: In order to prove that its browser and its operating system cannot be separated, it has had to argue that its products and programs don't do what they're supposed to do ("remove" doesn't really remove). According to Microsoft, Windows has now become such a jungle that one can never really even say for sure whether a particular program is or is not installed on one's system.
The other news Thursday -- that Microsoft's chief browser competitor, Netscape, is going to start giving away Navigator -- isn't likely to have a lot of real-world impact, either: Since Netscape has always let people download gratis "evaluation copies" of Navigator, the product has been effectively free for some time now. Once Microsoft started giving IE away, Netscape was not in a position to hit up all those "evaluation copy" users for payment. So today's announcement just formalizes what is already a de facto reality.
More significant in the long term is Netscape's decision to open the source code to Navigator -- to publish it and make it freely available for independent software developers to extend and modify. With this move, Netscape is throwing its hand in with the "free software" movement -- the communities of developers who have made other open-code products like the Apache Web server and the Linux operating system into runaway successes. These free-software programs are among the only products that have managed to build and expand markets in a Microsoft-dominated software universe.
If Netscape plays its cards right -- and free-software experts are already suggesting that the company will have to back up the announcement with good documentation and long-term commitment -- the open-code approach could allow Navigator to leapfrog over IE and incorporate a wealth of innovative new features. Unless, that is, Microsoft frees the code for its browser. Don't hold your breath waiting for that, though: IE is an integral part of Windows, remember? And Windows' source code is Microsoft's crown-jewel asset, so Bill Gates isn't about to turn it loose for every random geek on the Net to tinker with.
I've been a "member" of HotWired since the day it launched in 1994, and mostly that has meant I regularly receive a weekly e-mail newsletter, which I occasionally read. This week, I -- along with thousands of other HotWired members and Wired magazine subscribers -- received a different kind of e-mail from Wired: a first-month-free offer to open an account with a new online investment service called Wit Capital. I almost deleted it, as I do with the rest of the spam offers that fill my in box, but some of the language caught my eye.
The letter describes Wit Capital as a "recent partner" of Wired. Interestingly, Wired's new February issue includes a long article by Wit's founder, Andrew Klein -- an excerpt from his forthcoming book, "WallStreet.com: Fat Cat Investing at the Click of a Mouse," which tells how he engineered the first ever Net-based public stock offering for his New York City microbrewery and then went on to found Wit Capital, named after his Belgian wheat beer. If you read to the end of the long, self-congratulatory piece, you also discover the following parenthetical fact: "(Among the more than 40 investors in Wit Capital would be Wired Ventures, which now holds a minority stake.)"
It's good that Wired learned the lesson of its CUC gaffe and disclosed its financial involvement in the company its magazine is writing about. Unfortunately, this very piece of information also casts the free e-mail offer in a more dubious light.
Wired Digital's director of marketing communications, Andrew de Vries, says that the company viewed the Wit deal as "a neat offer" of "something of value": "This was a case of providing a service to readers."
Perhaps Wired, which has always viewed itself as a breaker of old rules and a pioneer of new ways of doing things, simply feels that it is inventing new kinds of synergy by investing in a company, promoting the company in the pages of its magazine and then selling the company's services to its readers. Or maybe Wired -- more desperate than ever to figure out how to turn a profit -- is just belatedly joining the world of the old-fashioned computer press, whose ethics have often been slippery.
Either way, the magazine is not helping its credibility by giving readers the impression that it chooses its stories with an eye to its own bottom line. I like Net innovations and I love microbrews, but something about this deal leaves a very bad taste in the mouth.


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Press release – New York, NY: On March 8 International Women’s Day, the Diamond Producers Association (DPA) launches a content series about women working in the diamond industry, on DPA’s newest platform, Stories Behind the Brilliance of Diamonds. The series sheds new light on the positive impact the industry has on women around the world and includes personal accounts from individuals working at mine sites, jewelry manufacturers, jewelry designers, and retailers.
“The Diamond Producers Association launched this storytelling series on International Women’s Day to celebrate the professional, economic, social and cultural contributions and achievements of women in the diamond industry,” said DPA Chief Marketing Officer Deborah Marquardt. “We embrace this year’s theme, ‘Press for Progress,’ which calls on whole communities and industries to think, act and be gender inclusive. Gender-equity issues are also business issues, and the diamond industry directly and indirectly supports the livelihoods of millions of women around the world.”
As reported by many during the last 20 years, including Ernst & Young’s Has Mining Discovered Its Next Great Resource, “Women’s advancement and leadership are central to business performance and economic prosperity. Profitability, return on investment, and innovation all increase when women are counted among senior leadership.”
The diamond industry champions the values of International Women’s Day year-round within its own workforce and via its international development programs around the world. Furthermore, it helps to create economic opportunities that improve the lives of women and communities around the world by offering an array mentoring, micro-commerce grants and academic scholarships, as well as teaching trade skills that enable women to start their own businesses. This kind of long term commitment and investment in women – and communities – ensures that lives and livelihoods continue to thrive beyond the life of a mine.
Please visit diamondproducersassociation to learn more about a few of the remarkable women working in diamonds.
Photo © DPA.


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More tariff discounts offered at Iran's Chabahar Port
TEHRAN, Iran, Aug. 3
Iran will extend tariff exemption from three days to five months for ships that carry mineral materials to Chabahar's Shahid Beheshti Port to develop trade, said deputy in economic affairs in Ports and Maritime Organization (PMO).
"Creating proper infrastructure and offering tariff discounts and incentives to businessmen in Chabahar Port shall strengthen the strategic role of the port in the economy," said Farhad Montaser Kohsari, Trend reports citing ISNA.
"The PMO would offer more discounts in current Iranian year [started March 20, 2020] in addition to discounts available in previous years," he said.
"Ships that carry construction materials are entitled to tariff exemption for three months in Shahid Beheshti Port, while PMO offers a 100-percent discount on costs of shifting vessels between Shahid Kalantari and Shahid Beheshti ports and for loading export containers or transit from Shahid Beheshti alongside three months exemption on storage costs for empty containers," he added.
"It is expected that more incentives will be offered to increase trade via Chabahar Port in August in addition to those already applied since the start of the current year; and the effect will be evaluated after several months," the official said.
"Chabahar is a distinguished location for trading ships and ocean liners; establishing port facilities will create proper ground for more activities. Thus, the Port and Maritime Organization plans to offer better tariffs and incentives to attract ships to Shahid Beheshti Port," he added.


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Filling hundreds of jobs takes time as the stores and restaurants at the new Destiny USA are finding out. YNN's Bill Carey says the mall was holding another job fair to help staff those new businesses.
SYRACUSE, N.Y. -- It was the second time that the new tenants of the expanded Carousel Center met with prospective employees. And again, hundreds of job seekers came to the mall.
“At this moment in my life, anything really. I'm unemployed. It's tough now, especially with a college education. Not finding any work. Tough economy. So I'll take anything I can get at the moment,” Steven Gasapo said.
There are some stores already in operation in the new addition. Many more will join that list by August 2nd, the date when the mall will be rebranded Destiny USA. But, by then, only about 25 percent of the tenants will be up and operating. The rest are expected to start operations by the end of the year.
The slow roll out of new employers has been helpful, the mall says, in insuring there are enough workers to go around.
“If we had a hundred stores coming on line, restaurants, the entertainment uses. If everybody was opening on that same day, I might have a little concern. But I think the way this thing is rolling out, the way it's all coming together, I think people are going to be able to find the help,” mall manager Rob Schoeneck said.
When all is said and done, there will be a total of about 1,600 new jobs created.
During the long battle to launch the mall project, Frank Fiumano was a familiar face. One of a group of original Destiny workers paid $60,000 a year. Their jobs disappeared as long delays struck.
But Fiumano is back, now managing one of the new stores at the mall and still a Destiny proponent, pointing to the hundreds of new jobs.
Fiumano said, “I don't want to say it's unheard of, you know, but, that's a great thing for the city. What I like about it, and it's because maybe my heart is still here from back in the day, it's like, yeah, we told you this was going to happen. For the naysayers, it's like, yeah, it's happening.”
The mall management expects to be holding yet another job fair in August.


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Jan 15, 2020
Almond milk maker raises $225 million
Califia Farms, a Los Angeles-based almond and oat milk producer, raised $225 million in new funding. Qatar Investment Authority led, and was joined by Temasek, Calridge, and Green Monday Ventures.
Why it matters: Milk was the original alt-protein battlefield, well before Beyond Meat bought its first petri dish, contributing to the recent bankruptcies of traditional, century-old dairies like Dean Foods and Borden.


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Egypt hotels filled
The Egyptian tourist sector continues to actively come out of the crisis: according to local hoteliers, the load of a number of hotels located on the Red Sea during the New Year holidays has already reached 90%, and some of them are standing at the foot. So, according to the "Committee for the revival of tourism on the Red Sea", which lead the Egyptian media, in the near future Egypt is preparing to accept more than 100 thousand tourists from all over the world, primarily from Europe.
Recall, a little earlier, the company Broximal Media reported that in 2017, the travel agency of Belgium recorded a 50% increase in millet tours to Egypt compared to last year. According to experts, after a serious recession connected with terrorist attacks in the region, Belgian tourists began returning to Hurghada and Sharm El Sheikh.
Moreover, this year Egypt again topped the rating of the most popular destinations among the inhabitants of the kingdom - according to Broximal Media, about a third of Belgian tourists who went abroad, spent their holidays in the resorts of Egypt.
Note that the sharp increase in demand for tours to Egypt this year is noted in many countries, including Ukraine. So, a little earlier in the Office for the Promotion of Tourism, Egypt reported that from January to November at the resorts of the country rested about 1 million travelers from Germany, which seriously exceeds the figures for the entire 2016, when the country was visited by only 654 thousand Germans.
In addition, even earlier, Egyptian media reported that in the third quarter of 2017, the foreign tourist flow to the resorts of the country increased by 55% compared to the previous year.
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The Open Network (TON) foundation has announced that users will now be able to send crypto payments on its Telegram two years after the platform abandoned its blockchain effort.
According to The Verge, Telegram shut down its cryptocurrency operation after it had received unbearable pressure from the United States’ Securities and Exchange Commission (SEC).
TON announced in a Twitter post that Telegram now supports Toncoin transactions with no fees attached.
You can now send #Toncoin directly within Telegram chats!
It’s a new way to send Toncoin without transaction fees to any Telegram user. With this service, you’ll no longer need to enter long wallet addresses and wait for confirmations.
Watch the video and test the new feature! pic.twitter.com/EtXSMFtJj6
— TON (@ton_blockchain) April 26, 2022
TON is a project that was developed by Telegram CEO Pavel Durov and his brother Nikolai in 2018. A year after the project was launched the SEC ordered Telegram to halt its sales of Gram, the token linked to the TON blockchain, claiming that it had failed to register the $1.7-billion in sales collected as part of its pre-Initial Coin Offering (ICO). Telegram, however, abandoned the TON foundation in 2020.
After the WhatsApp competitor dropped its previous blockchain operation it managed to bring forth a new one and rebranded it from Gram to Toncoin.
“I’m proud that the technology we created is alive and evolving… TON is still years ahead of everything else in the blockchain realm,” Durov said last December, according to The Verge.
The TON project also managed to raise $1-billion in donations earlier in April.
Other Payment Options Available on Telegram
Currently, Telegram allows merchants to create bots that enable their customers to checkout on the platform. Merchant bots can send specially formatted invoice messages to users, groups, or channels, according to Techweez.
The app can send invoice messages that feature a “Pay” button, along with a picture and description of the product that you are paying for. Tapping on the button opens a special payment interface within the app. The interface allows users to choose a tip amount (if allowed by the merchant) and enter additional details like shipping info, phone number, or email address.
By Zintle Nkohla
Follow Zintle Nkohla on Twitter
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In a move that will likely surprise no one, Nokia plans to release two more Windows Phone 8 models this year, the mid-range Lumia 720 and entry-level Lumia 520.
While we can’t tell specs from the official renders provided by @evleaks, it’s a safe bet that these phones will be announced next week at Mobile World Congress. It’s also safe to assume that the Lumia 720 will have slightly toned-down specs from the 820, but will maintain its colourful heritage. Nokia appears to have done away with removable back plates on the Lumia 720, making for a thinner and likely lighter smartphone. And though we can’t tell scale from this particular photo, a 4.3-inch 800×480 resolution ClearBlack screen is in the cards, alongside a 1Ghz dual-core Snapdragon S4 Plus SoC, 512MB RAM, 8GB internal storage, an 8MP rear camera and a 2MP front camera.
It’s unlikely the entry-level Lumia 520 will hit Canada, since the newly-launched 620, at $250 outright, is about as cheap as it gets. But rumoured specs put the device at 4-inches, with 512MB RAM, 8GB internal storage and a 5MP rear camera.
Look for these devices soon.


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Daily news, dev blogs, and stories from Game Developer straight to your inbox
Alissa McAloon, Publisher
October 7, 2019
1 Min Read
Tenacious Entertainment, a Washington-based game development studio set up by former ArenaNet developers, has raised $3.3 million in seed funding for the newly established team.
According to VentureBeat, the studio is angling to release a mobile game that makes use of proven PC and console concepts by 2020.
“We founded the company with the goal of creating games and experiences that others have been traditionally hesitant to approach, especially in mobile games, said co-founder and CEO Roy Cronacher. “More than a year later, we have found many reasons why that was and have worked to overcome those challenges.”
Cronacher was previously a designer on ArenaNet’s Guild Wars 2, and now works alongside seven others at Tenacious Entertainment, though the studio notes it is looking to use the funds it has received from unnamed investors to fill out its ranks as well.
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An article in The New York Times illuminates the working class roots of the current fashion must-have, the chambray shirt. Turns out chambray in America has a local provenance.
The early history of chambray stretches to the French town of Cambrai and a dense linen, cambric, long woven there. It came to the United States in 1790 when, defying laws against exporting textile technology, a Briton named Samuel Slater built a mill in Pawtucket, R.I., and produced cambric’s cotton analog by cross-weaving a colored thread and a white fill.
While the political and economic co-opting of blue-collar workers is well-known, Times writer Troy Patterson shows that the chambray shirt has also proven irresistible as short-hand to authors from Saul Bellow to Stephen King.
And speaking of horror, the ‘Neal Cassady’ is currently available at certain pricey boutiques, “in an attempt to summon daydreams of a sainted beatnik.” Talk about your signifiers . . . blue shirt as red flag. The guy wearing that item? Run screaming into the night.
(And yes, this is our Labor Day entry!)


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(LOS ANGELES) -- In an agreement finalized late Wednesday, CVS Pharmacy, Inc., the biggest operator of retail pharmacies in the United States, admitted it unlawfully sold pseudoephedrine to criminals who made methamphetamine. As part of the agreement with federal prosecutors, CVS agreed to pay $75 million in civil penalties and to forfeit the $2.6 million in profits the company earned as a result of the illegal conduct.
CVS Pharmacy, a subsidiary of CVS Caremark Corporation, failed to ensure compliance with laws limiting sales of pseudoephedrine, which allowed criminals to obtain a key ingredient used in the manufacture of methamphetamine from CVS stores located primarily in Los Angeles County; Orange County, California; and Clark County, Nevada. Between September 2007 and November 2008, CVS supplied large amounts of pseudoephedrine to methamphetamine traffickers in Southern California, and the company’s illegal sales led directly to an increase in methamphetamine production in California. CVS eventually changed its sales practices to prevent these illegal sales, but it did so only after it became aware of the government’s investigation.
The $75 million portion of the settlement represents the largest civil penalty ever paid under the Controlled Substances Act.
“This case shows what happens when companies fail to follow their ethical and legal responsibilities,” said United States Attorney André Birotte Jr. “CVS knew it had a duty to prevent methamphetamine trafficking, but it failed to take steps to control the sale of a regulated drug used by methamphetamine cooks as an essential ingredient for their poisonous stew.”
Copyright 2010 ABC News Radio


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Before Sony got into the console game, they had a couple interesting almost-was situations that led to the company ultimately pursuing their own console, now a huge part of their business.
At one point, Sony and Nintendo were partnered up working on the SNES-CD and even showed the original Play Station (with the space) at CES. Eventually, Nintendo decided not to move ahead with that, much to Sony’s surprise when they announced a partnership with Philips at CES.
But a lot of work was done, including prototypes. Now, Imgur user DanDiebold has uploaded a gallery of images of one of those prototypes, complete with CD drive, cartridge slot, and a very familiar-looking controller with an unfamiliar logo on it. It’s a rare look at one of those weird moments that no one at the time could’ve guessed would be a forking of history. In one timeline, we have Sony and Nintendo teaming up, becoming an even more dominant force in the industry. In the other timeline, Nintendo shuns Sony.
Sony then goes to Sega of America, whose president Tom Kalinske is deeply interested in what Sony is working on. History forks again and Sony teams up with Sega. We end up with the Nintendo Wii U, the Microsoft Xbox One, and the Sega PlayStation 4. But that didn’t happen, either, as Sega of Japan had a much less powerful, more difficult to work with console in development that they wanted to use. So Sony was, again, shunned. In response to the two middle fingers they were given, they turned around and raised both. Kaz Hirai had to sneak the original PlayStation past executives, but he managed it, and now we’re at the PlayStation 4, one of the best-selling consoles, because the hybrid console above, the SNES CD, never happened.


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The hiring momentum reflects TCS's robust pipeline - it has won deals worth $15.8 billion in the nine months of the financial year. The rebound in the mainstay banking and financial services business was a major growth accelerator, along with pickup in its retail and consumer packaged goods business
ICEA said that the industry has vision to increase the total number of mobile phone segment factories to 1,800 and generate 50 lakh jobs by 2025.
V Suresh, chief sales officer of Naukri at Info Edge, expects the IT sector to come back to the job market in the second quarter of the year.
HCL, has altered its financial year from earlier July to June to April to March now in order to comply with the new Companies Act and is likely to shift its appraisal cycle too.
RCOM has already received more than 50% of the sale proceeds, and the balance amount will be realised during the current financial year, upon completion of documentation, etc. presently underway," the company said in a statement.