Samsung Galaxy S4 priced at Rs41,500 in India

Keeping the price for Samsung Galaxy S4 below Rs42,000, the Korean handset maker is trying to garner major share in high-end smartphone market

Samsung, the market leader in smartphone, has priced S4, its fourth generation mobile handset in the Galaxy series at Rs41,500 as per the expectations of Indian users. The competitive pricing may help Samsung S4 to beat other high-end mobiles, like HTC One (priced at Rs42,990), based on Google's Android operating system.


Samsung Galaxy S4 comes with new features like gesture control, a five-inch full HD Super AMOLED touchscreen, 13-mega pixel back and 2MP front camera. The company is offering S4 with two different processors, 1.6 GHQ quad core and 1.2 GHz quad core in India. This means Samsung is still not ready for its much-rumoured and long awaited Exynos Octa-5 eight-core chip. The S4 launched in the US runs on 1.9GHz quad core Snapdragon 600 processor.


The mobile handset would be available at Samsung brand stores in Delhi, Bangalore, Hyderabad and Mumbai from 12 noon onwards on Saturday. It would reach across the country by next week.


A new feature included in Samsung Galaxy S4 is ‘Smart Pause’ where users can pause a video just by looking away from the screen. It also has ‘Air View’ feature, which allows users to hover with their fingers to preview the content of an email, S Planner, image gallery or video without having to open it by just gesturing in air.


The S4 has new imaging features like “Dual Camera” and “Dual Video Call”, allows users to click pictures and make video calls using both the front and rear cameras simultaneously.


Here are the specifications of Samsung Galaxy S4...

  • 5-inch 440ppi 1080p Super AMOLED display
  • Android 4.2.2 (Jelly Bean)
  • Dual SIM (Micro-SIM)
  • 2GB of RAM
  • Quad-core 1.6 GHz Cortex-A15 or quad-core 1.2 GHz Cortex-A7
  • 13MP rear camera (4128 x 3096 pixels, [email protected] fps video), autofocus, LED flash
  • 2MP front camera ([email protected], dual video call)
  • Dual Shot, Simultaneous HD video and image recording, geo-tagging, touch focus, face and smile detection, image stabilization, HDR
  • Wi-Fi 802.11 a/b/g/n/ac, dual-band, DLNA, Wi-Fi Direct, Wi-Fi hotspot
  • 4G LTE where available
  • 16GB, 32GB, expandable up to 64GB via microSD
  • Corning Gorilla Glass 3
  • Accelerometer, RGB light, Geomagnetic, Proximity, Gyro, Barometer Temperature & Humidity, and gesture sensors
  • 136.6mm x 69.8mm x 7.9 mm
  • 2600 mAh battery


Power utilities and coal: A mixed bag in the offing, says Nomura

Nomura Equity Research expects 4QFY13 results of JSW Energy to surprise whereas Adani Power and Lanco Infratech are expected to disappoint

Nomura Equities Research, in its Quick Note on power utilities and coal expects 4QFY13 normalized earnings of stocks under its coverage to exhibit a mixed bag. Relative to consensus, as was the scenario for 3QFY13, it expects 4QFY13 results of JSW Energy to surprise whereas Adani Power and Lanco Infratech are expected to disappoint.


It does not expect any major surprise in the earnings of NTPC, Power Grid Corporation and Reliance Power; as Nomura’s normalized PAT forecasts for these utilities are 2%-3% below consensus. As regards Coal India, Nomura’s net profit forecast is in line with consensus, although our EBITDA forecast is 4% below consensus; year-end incentives, incremental impact of the diesel price hike and e-auction contribution are key swing factors.



Adani Power (Reduce) – Expect net loss to reduce q-o-q:  Nomura has pegged Adani Power’s revenue at Rs18.5 billion (RS2.7/kWh blended realization, Rs4.25/kWh merchant realization, ~6.2bn kWh sales), EBITDA (normalized for fuel creditors-linked MTM exchange fluctuation gains) at Rs4.1 billion and normalized net loss at Rs4.9 billion (assuming 15% effective tax provision). Including potential MTM exchange fluctuation gain on derivative instruments, it expects reported loss at Rs4.6 billion. Once again, fuel mix at Mundra would be the key to profitability; the brokerage’s net loss forecast is 15% above consensus.


JSW Energy (Neutral) – Expect earnings to beat consensus: Nomura has pegged 4QFY13 revenue of JSW Energy at around Rs22.8 billion assuming blended realization at around Rs4/kWh and sales volume of around Rs4.85 billion kWh. The brokerage has build in a 5% q-o-q drop in cost of coal (per kWh) resulting in EBITDA at Rs8.3 billion (36.4% margin) and normalized net profit at Rs3.3 billion. Including potential MTM exchange fluctuation gain, Nomura expects reported PAT at Rs3.56 billion (up around 15% q-o-q).


NTPC (Buy) – Expect a robust performance: Nomura’s normalized earnings forecast for NTPC is marginally below consensus on the back of improved Plant Availability (PAF) and utilization (PLF) for coal-fired stations. It expects normalized earnings at Rs25.6 billion (up 11% y-o-y, 4% q-o-q). Including the recovery of prior period dues and interest thereon, Nomura expects reported PAT at Rs46.5 billion.


Lanco Infratech (Buy) – Expect cash losses to widen: Nomura expects: (1) Consolidated revenues to be marginally lower q-o-q as power revenues decline on lower PLF, solar EPC revenues pick up, non-solar EPC revenues remain stagnant and revision of the selling price to Bluewaters enhances Griffin Coal’s top line; and (2) EBITDA to drop 10% q-o-q, primarily due to lower contribution from the power business. Together with a marginal uptick in interest outgo and lower tax outgo, its expects Lanco Infratech’s normalized net loss at Rs4.7 billion (up 7% q-o-q); including  potential MTM f/x gains. Nomura has pegged reported net loss at Rs4.5 billion. The 4QFY13 EBITDA forecast is 9% below consensus while normalized net loss forecast is 22% above consensus, said Nomura.


Reliance Power (Reduce) – Expect ~35% RoE for Rosa: Factoring in around 35% RoE for Rosa (1200MW), Nomura expects consolidated EBITDA of Reliance Power at around Rs 3.7 billion (up 108.6% y-o-y, down 22.4% q-o-q). Together with a forecast 11% q-o-q drop in non-operating income (lower cash in hand) and a 20% potential tax incidence, the brokerage expects normalized net profit at Rs2.3 billion (up 32% y-o-y, down 32% q-o-q) and reported PAT at Rs2.4 billion. Normalized PAT would appear sharply lower q-o-q as 3QFY13 RoE at Rosa was likely exaggerated by recouping of fixed cost under- recovery in 2QFY13 on the back of outages-led low plant availability.


Power Grid Corporation (Buy) – All eyes on FY2013 commissioning: Nomura expects a 4.7%/3.4% q-o-q growth in revenues for PGCIL and EBITDA, driven by around Rs26 billion effective incremental capitalisation of transmission assets for the quarter. Building in a 20% drop in non-operating income (on the back of a lower cash chest), the brokerage expects normalized net profit to be up around 3% q-o-q (up 19% y-o-y) at Rs10.8 billion. Nomura’s 4QFY13F earnings forecast is 3% below consensus.


Coal India (Buy) – Expect PAT at Rs49.6 billion (up 25% y-o-y): On the back of a 130 million tonne (mt) offtake, Nomura has build-in: (1) 10% sales via e-auction; (2) blended realization at Rs1,472/tonne (up 2.3% q-o-q), including year-end incentives of Rs750 million; and (3) EBITDA at Rs53.5 billion (implying 28% EBITDA margin) post OB removal adjustment of around Rs18 billion. This translates to a normalized PAT of Rs49.6 billion (up 25% y-o-y). Nomura’s net profit forecast for is in line with consensus.


ICICI Bank fails to beat market expectations, Q4 net profit up 21%

Despite recording a 21% growth in its fourth quarter net profit, ICICI Bank shares ended about 3% down as the result failed to beat market expectations

ICICI Bank, India's largest private sector lender, on Friday reported a 21% growth in its fourth quarter net profit despite higher net non-performing loans (NNPLs) and marginal fall in other incomes.


For the quarter to end-March, the lender said its net profit on a standalone basis increase 21% to Rs2,304 crore from Rs1,902 crore while the same on a consolidated basis rose 38% to Rs2,249 crore over same period last year. During the March quarter, total revenues of the lender rose to Rs12,573.5 crore from Rs11,403 crore while its net interest income (NII) increased 22% to Rs3,803 crore from Rs3,105 crore in Q4-2012.


“ICICI Bank’s NII have been marginally higher than estimated while net revenues were below our estimates at Rs6,000 crore due to lower than expected other income. Slippages during the quarter could have been higher than trend given net non-performing loans (NNPLs) have risen quarter-on-quarter. While overall numbers have been in line with the management’s guidance, there has been no beat on numbers as most other private banks have beaten estimates,” said Siddharth Teli, managing director and co-head for institutional research at Religare Capital Markets.


ICICI Bank said during the full year, its net profit on standalone basis grew 29% to Rs8,325 crore from Rs6,465 crore a year ago. During FY13, the lender's net interest margin (NIM) increased 38 basis points to 3.11% from 2.73% for FY2012.


While the bank’s gross non-performing asset ratio declined to 2.68% from 3.04%, its net non-performing asset ratio increased marginally to 0.64% from 0.62% at March 2012.

During Q4-2013, ICICI Bank's savings account deposits increased by Rs4,188 crore and current account deposits increased by Rs1,252 crore. The bank’s current account savings account (CASA) ratio improved to 41.9% at March 2013 compared with 40.9% at December 2012.


During the full year, ICICI Bank said its total advances increased 14% Rs2.90 lakh crore from Rs2.53 lakh crore a year ago while the year-on-year growth in domestic advances was 18%.


The bank has declared a full year dividend of 200% or Rs20 per share.


ICICI Bank shares closed Friday 2.8% down at Rs1,144.3 on the BSE, while the benchmark Sensex ended marginally down at 19,286.


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