LYF Earth 2 smartphone with retina scan launched in India
Creating a ripple in the flagship smartphone market, Reliance Retail on Monday unveiled the Earth 2 -- the second LYF brand that comes with retina-based unlock and a faster fingerprint sensor.
Running on Qualcomm Snapdragon Octa Core Processor clocked at 1.5GHz powered by a 3GB RAM and an internal memory of 32GB, the Rs 19,999 device has non-removable 2500 mAh battery and powerful 13MP front and rear cameras.
Equipped with VoLTE technology for a better 4G experience, the rear camera in the device is accompanied by dual tone LED flash and a laser auto focus. 
The selfie camera comes with Phase Detection Auto Focus, an LED flash and a Panorama mode for wider selfies. It is backed by a 2,500 mAh non-removable battery.
“Through Earth 2, we present the most advanced features in smartphones that deliver a differentiated digital experience to our consumers and puts the controls of smart devices in the hands of the consumers,” said Sunil Dutt, President (Devices), Reliance Retail, in a statement.
The device has sensors that enable the user to assign unique fingerprints to jumpstart any three applications with just a touch on the lock screen. 
It not only allows the user to encrypt photos and videos stored in the gallery to protect them from hackers but also safeguard personal data by encrypting various social media applications.
Earth 2 features a unique voice-controlled camera that offers convenience and simplicity to the users. 
“The feature can inspire a paradigm shift towards voice command controls in future smartphones,” the company said.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.




Ramesh Poapt

12 months ago

await better version/lower price on launch of Jio...

Nifty, Sensex still directionless – Monday closing report
We had mentioned in Friday’s closing report that Nifty, Sensex were likely to move sideways. On Monday, the major indices of the Indian stock markets were range-bound and ended flat. Trading volumes were on the lower side indicating that investors preferred to wait for the trend to emerge. The trends of the major indices in the course of Monday’s trading are given in the table below:
Taking cues from their Asian peers, key Indian equity indices were trying to recover from the hangover of last week's Brexit vote. Selling pressure was witnessed in information technology stocks. The BSE market breadth was tilted in favour of the bulls -- with 1,813 advances and 795 declines. Initially on Monday, the key indices opened on a flat note -- marginally in the red -- as investors' sentiments remained weak on account of the volatility caused in the global markets due to Britain's vote to exit the EU. This had also resulted in a sharp drop in the rupee's value and dried up foreign fund inflows. However, the Indian markets gained some momentum shortly after to trade in the green as the Asian markets, especially the Nikkei, showed a considerable recovery by shrugging off the global selloff stimulated by the Brexit. The rupee, after a major fall of 71 paise on Friday, managed to wipe out its losses and helped the equity markets to support its weakened sentiments. The investors were seen to be cautious, ahead of the US trade data to be released later on Monday, and GDP and consumer confidence data to be released a day later. The Indian markets are also expected to remain cautious ahead of some major industrial data to be released later during the week.
The National Stock Exchange of India Ltd (NSE) on Monday said it plans to list on bourses as its board has expressed a desire to file the Draft Red Herring Prospectus (DRHP) latest by January 2017 for domestic listing and by April 2017 for overseas listing, "after addressing restructuring needs of the exchange and the regulatory requirements for listing," the exchange said in a statement. The exchange said that the board has re-constituted the current listing committee as an empowered sub-committee of the board to accelerate the listing procedures. The committee will take decisions within a stipulated time line. All these decisions were taken during the last meeting of board of directors on June 23," it said.
Coming back to news on world markets, the International Monetary Fund (IMF) has urged Britain and the European Union (EU) to reduce the risks in the wake of Britain's decision to exit the bloc. "At this point, policy-makers, both in the UK and in Europe, are holding that level of uncertainty in their hands and how they come out in the next few days is really going to drive the direction in which risk will go," IMF Managing Director Christine Lagarde told a forum on Sunday at the Aspen Ideas Festival in Colorado. Following a decision to exit the EU, Britain would need to negotiate the terms of its withdrawal and a new relationship with the EU. Lagarde said the IMF "will continue to encourage the parties involved to actually proceed with this transition in the most efficient, predictable way in order to reduce the level of uncertainty", which will determine the level of future risks. The IMF has continued to monitor the development closely and stood ready to support its member countries as needed, Lagarde added. In a statement released on Friday in the wake of Britain's referendum, the IMF chief urged Britain and the EU authorities to work collaboratively to "ensure a smooth transition to a new economic relationship between the UK and the EU", including by clarifying the procedures and broad objectives that will guide the process. The IMF had warned before the referendum that the British economy could shrink to 0.8% in 2017 if it leaves the EU.
The British pound has fallen sharply in trading in Asia on Monday, adding to Friday's record one-day decline. The pound was trading at $1.3365, down almost 3 per cent from Friday's close. Against the euro it was trading at 1.2147, down 1.4%, BBC reported. On Friday the pound had its biggest one-day fall against the dollar, at one stage sinking as low as $1.3236. Chancellor of the Exchequer, George Osborne will issue a statement before the start of trading in Britain in a bid to calm the markets. Osborne has not spoken publicly since the 'Leave' campaign won Thursday's referendum paving the way for Britain's exit from the European Union (EU). Authorities in Asia have been taking action to stabilise financial markets.
Clarity on Britain's plans to exit the European Union (Brexit), along with the progress of monsoon rains and derivatives expiry are expected to steer the Indian equity markets this week. Other major risks like a weak rupee, low foreign fund inflows and global uncertainty brought about by Brexit are expected to linger. Besides, investors are expected to keep an eye out on the Indian companies and sectors that have a high exposure to Europe and the UK such as the automobile, pharma and IT industries. Positive outcomes such as lower global crude oil prices and expectations on future stimulus measures by international central banks can perk up sentiments. Further, stock specific action can be expected in sectors like of consumer durables, consumer non-durables and automobile industries which are most impacted by a good monsoon.
In Monday’s trading some gains were seen in shares of public sector banks, Bank of India and Bank of Baroda.
The top gainers and top losers in the major indices of the Indian stock markets are given in the table below:
The closing values of the major Asian indices are given in the table below:


PACL Scam: Australian lawyers file caveats on Bhangoo’s Sheraton Mirage resort

Even as Securities Exchange Board of India (SEBI) announced that the Lodha Committee had collected a large number of documents related to the PACL Ponzi scheme, class action lawyers in Australia have gone a little further in securing the rights of 50,000 Indian investors by filing caveats in court. Acting on behalf of these investors, the lawyers have lodged caveats over the Gold Coast's $100 million-plus Sheraton Mirage resort and a $4 million-plus luxury waterfront mansion at the Gold Coast's Sanctuary Cove, reports The Australian.


These caveats have been placed in a bid to preserve money for Indian investors stung in the $10 billion Pearls Group Ponzi scam, the report says. Uncontested, the caveat means Pearls Infrastructure Group is not permitted to sell the mansion, says the paper, which has been at the forefront of uncovering the Australian end of the PACL scam and providing crucial information to how the Bhangoo family transferred its wealth abroad. .


It is learnt that the caveats were filed in Australia without waiting for approval from the three-member Justice RM Lodha Committee appointed by market regulator SEBI. The Committee was set up to dispose land purchased by PACL so that the sale proceeds can be paid to the investors, who have invested their funds in the Company for purchase of the land, SEBI had said in a release. In fact, the caveats may have been filed because SEBI does not seem to be keen on engaging with investor groups with regard to the overseas assets.


The Australian has reported that over $130 million, raised by Pearls and its founder, Nirmal Singh Bhangoo from Indian investors, have been transferred to Australia from 2009, with $82 million of that used to buy and refurbish the resort. Much of that money came to Australia via Pearls Infrastructure Projects, a company owned and controlled by Bhangoo and his family.


PACL which has been asked to repay about Rs55,000 crore by the Indian regulators, also paid almost $300,000 to cricketer Brett Lee to promote its Ponzi scheme, the newspaper had reported earlier.


In 2011, Pearls Infrastructure Projects bought and combined two adjacent land parcels on Edgecliff Road in Sanctuary Cove - which included a mansion with five bedrooms, six bathrooms and a five-car garage - for $4.95 million, the report says.


Mr Bhangoo and several of his associates have been sentenced to prison in India and two schemes they controlled - Pearls Agrotech Corp and Pearls Golden Forest - have been placed in the hands of Indian receivers and administrators. However, despite Bhangoo's jailing, Pearls Infrastructure Projects remains controlled by the Ponzi scheme founder and his family, prompting Queensland barrister Niall Colburn and Shine Lawyers solicitor Alex Moriarty - who are running the Pearls class action - to lodge caveats on Monday over the Sheraton and the mansion to prevent them from being sold.


Mr Colburn, who was in India, told the newspaper, ""We now have sworn affidavits from over 50,000 Pearls investors and we expect to have many more in the near future. We aim to have these assets sold and the proceeds returned to the investors in Pearls who have suffered terribly."


There were an estimated five crore investors in Pearls, making it the biggest Ponzi-scheme in history, based on victim numbers.


Mr Colburn said the move to lodge caveats - which can be contested in court by the property owners - became urgent because the mansion was advertised for sale and the Sheraton was also understood to be quietly on the market.


On Saturday, the Edgecliff Road mansion was auctioned by Tony Trpeski of LJ Hooker Sorrento, but was passed in at $4.62 million.


Contacted by The Australian on Wednesday, Mr Trpeski said he was aware the property was connected to Pearls but unaware of the caveat placed over the property on Monday. He said there was "strong interest" in the property. "I am pretty confident we will have a result by the end of the week," he told the newspaper.


If a sale agreement for the property had been reached at the weekend, Monday's caveat would still have prevented it changing hands because legally the sale occurs only when full payment of the property settles, usually 30 days after the initial sales agreement is entered into.


The Sheraton was bought in 2009 by a newly created company called Pearls Australasia.


Mr Bhangoo's Pearls Infrastructure Group owns half of Pearls Australasia, with the other half owned by Gold Coast property developers Paul Brinsmead and Peter Madrers.



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