Leisure, Lifestyle & Wellness
Custom Vibration Alerts

Know who is calling when you can’t take the call

 

If you are in the office, driving your car, or stuck in a meeting and find it inconvenient to take the phone out when it rings, you can still know who is at the other end of the line. Just install Vybe Pro and create custom vibration patterns for your contacts and know who is calling or messaging you, without looking at your phone. You can design distinct vibration patterns for your phone calls, text messages and app notifications. You can even create the same vibration for multiple people in a group, e.g., close family, extended family, friends, office colleagues, etc. It is so simple! Just create a vibration, assign it to a contact and know who’s trying to reach out, just by feeling the vibration. To put it simply: just Create, Assign and Feel—Get the right Vybes!

 

Yazdi Tantra is a chartered accountant by training, computer consultant by profession, entrepreneur-developer by hobby and trainer in his leisure time. He is currently the vice-chairman of Zoroastrian Co-operative Bank Ltd and has been running a medium-sized computer company ON-LYNE for the past 24 years. 

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Worst quarter since 2008?
During the third quarter, net profit of many large companies slipped for the fifth consecutive quarter, which is more prolonged than the Lehman crisis period, says Edelweiss Securities report 
 
For the fifth consecutive quarter, which is more prolonged than the Lehman crises period, net profits of several companies, excluding oil-marketing companies (OMCs), slipped further. While top line (revenues) growth remained in contraction zone, earnings before interest, taxes, depreciation and amortisation (EBITDA) margins could be peaking out says Edelweiss Securities Ltd in a research report.
 
"During the third quarter (Q3) of FY2015-16, our coverage universe, excluding OMCs extended weakness of earlier quarters with revenues contracting 3% and EBITDA and PAT slipping 6% and 10%, respectively. The weakness was more pronounced in commodity sectors and banks due to Reserve Bank of India (RBI)’s directive and commodities). Other segments, such as IT, pharma and auto exports also reported sub-10% growth in net profit of profit after tax (PAT) for the fourth consecutive quarter – most prolonged in a decade," it said.
 
 
According to Edelweiss report, low capex seems to be hurting domestic investment earnings, but utilities earnings growth was encouraging. It said, "Domestic consumption seems to be the only relatively bright spot, though earnings could slow as benefits of lower input prices start receding going ahead."
 
Slowdown is seen in other segments too, Edelweiss said, adding, "While exports and domestic investment are plagued by weak demand, subdued prices in consumer goods are due to lower input prices. Private banks are the only ones posting about 20% and stable/ accelerating top-line growth."
 
EBITDA margins of Edelweiss' coverage came in at 19.0%, about 40 basis points (bps) lower on yearly basis. "While lower input prices are still aiding margins, they have stabilised on sequential basis. However, other expenses such as employee costs and share of sales have been rising and could partially be due to lower top-line growth. By sector, exports’ EBITDA margin fell the maximum (230bps, while domestic consumption and investment players saw EBITDA margin expand by 145bps and 60bps, respectively," it added.
 
According to the research note, growth in net profit for Edelweiss' coverage, fell 6% against an estimate of flat growth, a fifth straight quarter of drop, mainly affected by state-run banks, commodities and capital goods. "Domestic consumption profits slowed down, but remained healthy. Nifty earnings per share (EPS) downgrade momentum remains high, with a broad based cut in earnings. Banks, Tata Motors and metals account for half the earnings downgrades. Current estimates imply acceleration in FY17E earnings growth to 15-16% from 0% in FY16," the report concluded.
 

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COMMENTS

R Balakrishnan

10 months ago

Including Banks in any comparison is odious. Banks keep changing accounting principles every year, thanks to RBI protection for covering up dud loans. So any meaningful analysis should be exclusive of Bank results

Nifty, Sensex may continue to struggle – Tuesday closing report
Nifty has to head back above 7,150 for the new downtrend to end
 
We had mentioned in Monday’s closing report that Nifty, Sensex would struggle to rally and that Nifty rally might reverse if it closes below 7,150. The major indices of the Indian stock markets suffered a sharp correction and the losses over Monday’s close were of the order 1.60% and higher. The trends in the day’s trading are summarised in the table below:
 
 
The BSE market breadth was heavily tilted towards the bears -- with 1,890 declines and 717 advances. Investors' confidence was eroded by the continuing conflict between the ruling NDA (National Democratic Alliance) and the opposition, which is seen as having a bearing on some key economic legislations that await parliamentary approval. The government is expected to push through major economic legislations like bankruptcy code and Goods and Services Tax (GST) Bill during the ongoing Budget session. In addition, a weak rupee kept investors' unnerved. The rupee opened at 68.66 to a US dollar from its previous close of 68.60-61 to a greenback.
 
On Monday, the rupee weakened by 14 paise to touch its 30-month closing low. This level was last seen during late August 2013. Besides, softening of crude oil prices, which declined by 1.95% to $32.7 and negative Asian and European markets, deterred investors to chase stock prices higher. Caution also prevailed over the upcoming G20 finance ministers' meet in Shanghai, China.
 
Automobile major Maruti Suzuki on Tuesday announced that it has resumed production at its facilities in Gurgaon and Manesar. The company had to temporarily suspend manufacturing of vehicles at its flagship facilities in Manesar and Gurgaon on Saturday, due to the transport and other disruption caused by the Jat community's quota agitation. "Maruti Suzuki India has resumed production of vehicles at its facilities in Gurgaon and Manesar, starting Tuesday, February 23 (second half). The supply of components has started gradually," the company said in a regulatory filing with the BSE. "The company had to suspend operations at its facilities from Saturday, February 20 (second half), as supply of certain components was disrupted due to the agitation in Haryana." Currently, the combined output of Maruti Suzuki from Manesar and Gurgaon plants is about 5,000 vehicles per day. Haryana's Jat community, wanting affirmative action, had started a state-wide agitation. The protests and violence accompanying them adversely impacted various companies' ability to get supplies, or ship out their merchandises. The Jat community's quota agitation even crippled rail and road transport to and from the national capital to Haryana, Punjab and Rajasthan. Maruti Suzuki’s shares closed at Rs3,492.50, down 0.87%.
 
President Pranab Mukherjee said on Tuesday that the country recorded the highest ever software exports during 2015. Addressing the joint session of both houses of parliament, he said that 29 electronic manufacturing clusters were under development. "The country recorded the highest ever software exports during 2015," the president said. “Setting up world-class infrastructure for electronics manufacturing across the country remains a priority for my government," he said. He said the government's endeavour is to scale new heights in space building upon the success over the past year.
 
Japan shares ended the trading Tuesday lower by erasing gains in the morning session as sentiment here brought by rising oil prices was weighed by the Japanese yen's advance that triggered selling of export-oriented issues. The 225-issue Nikkei Stock Average edged down 59.00 points, or 0.37 percent, from Monday at 16,052.05, Xinhua reported. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.83 points, or 0.68%, to 1,291.17. Decliners were led by fishery, agriculture and forestry, real estate, and information and communication issues. The day's turnover was about 2,292.5 billion yen (around $20.40 billion).
 
Chinese stocks closed lower on Tuesday, with the benchmark Shanghai Composite Index down 0.81 percent, at 2,903.33 points. The smaller Shenzhen index closed 0.69% lower at 10,299.67 points, Xinhua reported. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 1.22% to close at 2,218.12 points.
 
The top gainers and top losers of the indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 

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COMMENTS

LALIT SHAH

10 months ago

Nifty has little support @ 7058 if break and trade bellow 7050 is garntee of 6000-6300 fast and may before budget

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