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Union Bank of India has announced the following Unaudited Standalone results for the quarter ended June 30, 2015. The bank has posted a net profit of Rs. 518.7 crore in Q1FY16 from Rs. 664.1 crore in Q1FY15.
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If a bearish phase in the property cycle coincides with the slow monsoon period, discounts could be significant. However, discounts are usually influenced by the amount of unsold inventory that a developer is saddled with.
Therefore, persecution for certain companies whose prices have gone up 10-times, 20-times and even more in some cases, is under way, stated Sinha as mentioned in the report. Bharti Airtel is planning to launch of its 4G wireless data service across 44 cities — ahead of rival Reliance Jio Infocomm, according to reports. A report says that Airtel’s 4G service is available across 20 cities and is in a trial phase in the rest of the cities. The company is reportedly planning to make the requisite changes before formal launch. The company is looking at offering the service bundled with handsets that may be priced as low as Rs 4,000, says report.
Volkswagen recorded sales of about 5.04 million vehicles, whereas Toyota sold 5.02 million vehicle during the same period. USA-based General Motors managed to grab the third spot, with sales of 4.86 million vehicles in the first half. For Toyota deliveries decline by 1.5 percent and that of Volkswagen at 0.5 percent. Though Volkswagen was able to tap its sales in domestic market and broadly in western regions of Europe by over 6 percent. China’s economic slowdown and stock market flight has crippled consumer sentiment. Toyota had overtaken GM’s decades of reign in 2008 as the world’s biggest automaker. But later after three years due to earthquakes and Tsunami in 2011, sales for Toyota slowed down, and eventually it had to give back its crown.
Reliance Jio Infocomm Ltd is planning to raise Rs 3,500 crore debt to fund roll-out expenses, according to reports. The company is looking to begin commercial service with 4G mobile phones priced as low as Rs. 4,000 a unit. Earlier in May, the company had raised $750 mn or about Rs 4,500 from Korea Trade Insurance Corporation to buy telecom equipments from Samsung Electronics and Ace Technologies.
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The company’s high-speed wireless internet service will be priced on a par with its present 3G offering. In other words, buyers get more time to make their choice and are momentarily free from the stress of future price rises. The discounts that developers offer during this slow period depend on which phase of the property cycle the market is in. New launches in the monsoon quarter are typically lower by 15-25% than the average of new launches in the other three quarters.
Total Income has increased from Rs. 8,547.5 crore for the quarter ended June 30, 2014 to Rs. 9043.1 crore for the quarter ended June 30, 2015. A robust surveillance system that generates over 100 alerts a day is in place which deals with all cases of manipulation, owing to worries over misuse of stock markets for laundering of black money prevailing, as per Sebi Chief U K Sinha. The strong surveillance system of the Securities and Exchange Board of India tracks all tradings happening in the country and the regulator gets alerts for all the trading, said Sinha in an interview to PTI. IPOs, allotment of preference shares in secondary markets and the issuance of GDRs in foreign locations are the common routes which get misused, stated the report. However, there is still a willingness on the regulator’s behalf to add more strength to its systems and regulations, if required, to put additional checks against any possible misuse of this route, stated the Chief. The market regulator has busted several rackets and stringent actions have been taken in the past.
Nevertheless, recently these programs have managed to get a lot of attention because they have become far more accurate and profitable. This might look like a loopy idea, however there’s really a HUGE marketplace for CSGO pores and skin betting. It’s been estimated that over $2 billion price of skins have been wagered in 2015.
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In the last year we’ve seen an incredible move by startups and founders towards use of blockchain technology and tokenized models. Rather than building new products on centralized architectures and database structures, an incredible wave of new development and innovation is happening on blockchain technology to kick off new decentralized services and models.
Meaning, it makes high-speed algorithmic trades that take advantage of the volatility present in the cryptocurrency marketplace. The profits per trade may not be that much, but when you run the program 24 hours a day these little trades can add up to quite a bit of money. Trading cryptocurrencies has been a big break for Sebastian, who struggled for months going from one dead end job to another. «I lost my job a year ago and since then have been unable to find a steady paying job, but with BinBotPro I was able to create a passive income stream that put money in my pocket daily.» I read Sebastian’s blog last month and decided to feature his story on our job report.
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«We have written to the regulator seeking the reserve price of all these bands and are awaiting their response,» a senior official in DoT told ET. The auction earlier this year was the biggest ever, raising about Rs 1.10-lakh crore from the sale of 2G, 3G and 4G frequencies. The majority of ICOs launched to date have been for relatively new and upstart companies with little or no existing growth or revenue. However, we’re starting to see ICOs come to market from more established VC-backed companies who are tokenizing their businesses.
Bank of Baroda has announced the following Unaudited Standalone results for the quarter ended June 30, 2015. The Bank reported nearly 23% drop in standalone net profit at Rs. 1,052.2 crore in the first quarter ended 30th June 2015, as against net profit at Rs. 1,361.9 crore in the same period of last fiscal. The Total Income also increased by 4.80% to Rs. 12,243.7 crore as compared to Rs. 11,682.5 crore in the same above mentioned period.
The government has decided to print 150 mn one rupee notes per annum, he said. The minister in his reply reportedly said the printing of Rs 1, 2 and 5 denomination banknotes were discontinued by the Reserve Bank in view of high cost of printing. Jindal added that the unprecedented growth in steel imports in hurting the domestic industry. «The outlook for the domestic steel industry remains robust and the prospect of capital investments are bright,» says Sajjan Jindal at AGM.