Technology
ScribbleMaps.com: An Easy Way To Draw and Share Maps
ScribbleMaps is the easiest way to draw and share maps with others—your friends, relatives or clients.
 
It is very simple to use. Just go to www.scribblemaps.com and click on create a new map. You will be presented with Google Maps in the background. Locate the area where you would like to create your own map. Once you are in that area, select the tools on top to draw lines, arrows, place markers, insert text or images and more, until your map is complete. Once done, you can email the map to a friend or relative or even embed it on your website!  Truly simple and elegant. 
 
If you register, you have certain benefits but you can even save and share maps anonymously. The base version is free and the professional version has many more features for map enthusiasts.

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COMMENTS

Minoo Engineer

7 months ago

Am going to try it out

Asset quality pains for M&M Financial Services to persist for the next few quarters: Report
Mahindra and Mahindra Financial Services Ltd (MMFS) would continue to feel the pains on asset quality for next few quarters as its non-performing assets (NPAs), especially from states like Maharashtra, Madhya Pradesh and parts of Uttar Pradesh (UP) has increased, says a research note.
 
In the report, Religare Capital Markets Ltd says, "During the fourth quarter, MMFS' gross NPAs (GNPAs) and net NPAs (NNPAs), on a 120 days past due (dpd) basis, increased to 10.7% and 5.4% from 8.0% and 3.2%, respectively. Management stated that on 90 dpd basis, NPAs would have been 15% with interest reversal of Rs300 crore."
 
"GNPAs and NNPAs of MMFS are unlikely to improve materially from current level in the next three to six months," the report says. "However, with reasonable improvement, management expects GNPA to improve by 1-2% (on 120 dpd) by FY17 end under base case scenario (asset growth of 15%). Management stated that the bucket movement is not happening which is a positive sign. The company is carrying Rs700 crore of excess provisions and may review (drawback from excess provision) as and when they transit to 90 dpd norms," the report added.
 
 
Up to March 2016, MMFS used to fully write-off all loans outstanding for more than 24 months. From the first quarter of FY2017 onwards, the company will provide only up to the unrealised value of loans (resale value of underlying vehicle will be considered). Therefore the company has reversed provision of Rs200 crore. The company has taken substantial discount to realisable value (as per the recent auctions) for arriving at provision write-back.
 
The company has about Rs1,000 crore worth of loans outstanding for 24 months. Collateral value of vehicles is around Rs400 crore and the company has applied about 50% haircut to collateral value. 
 
According to Religare, the Mahindra & Mahindra group company is seeing a sign of pick up in tractor segment, which is a high margin business for them. Disbursements in the tractor segment grew by 9% on quarter-on-quarter (QoQ) while total disbursement grew by 2.5% QoQ.
 
Maharashtra and Madhya Pradesh, which account for about 25% of NPAs for MMFS, suffered from below average monsoon since last two years. These two states are large markets for utility vehicles (UVs) and tractor segments and the company management expects 10-15% NPAs can reverse over the next one to two quarters on the back of good monsoon, the report says.
 
Religare says, "We believe MMFS is the best play on a monsoon recovery. Above normal rainfall expected this year will boost rural incomes and thus result in better asset quality, lower credit costs, higher disbursements and stronger margins."

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Fresh upsurge in Nifty and Sensex – Monday closing report
We had mentioned in Friday’s closing report that Nifty, Sensex were in a bullish mode still. The major indices of the Indian stock markets rallied on Monday and there were handsome gains of more than 1% over Friday’s close. The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
Short covering, coupled with expectations of major economic legislation getting parliament's approval, buoyed the Indian equity markets on Monday. The benchmark indices closed the day's trade with substantial gains as healthy buying was witnessed in banking, automobile and consumer durables stocks. On the NSE, there were 1,001 advances, 469 declines and 63 unchanged. On the BSE, there were 1,724 advances, 990 declines and unchanged 197.
 
Initially the benchmark indices opened on a flat-to-positive note, in sync with their Asian peers. Besides, the equity markets were pushed up by higher European indices, healthy quarterly earnings and above average monsoon rain falls. In addition, hopes on the passage of the GST (Goods and Services Tax) Bill during parliament's ongoing monsoon session supported prices. Further, investors' expect US Fed to maintain its key lending rates during the upcoming FOMC (Federal Open Market Committee) meet.  A hike in the US interest rates can potentially lead FPIs (Foreign Portfolio Investors) away from emerging markets such as India.
 
The Reserve Bank of India (RBI) has imposed a penalty of Rs5 crore on the Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, the public sector lender said here on Monday. "Pursuant to the internal audit of the bank, the RBI and investigative agencies in October 2015 were advised by the bank of certain irregularities observed," the BoB said in a BSE filing. The Central Bureau of Investigation (CBI) had conducted raids in October 2015 at over 50 locations to probe the illegal transfer of Rs6,172 crore by the BoB's Ashok Vihar branch in Delhi in the names of 59 companies in Hong Kong. The companies, it was later found, were registered on wrong addresses. "The RBI carried out the investigation and noted the deficiencies which were reflective of weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU (Financial Intelligence Unit), and assigning of UCIC (Unique Customer Identification Code) to customers," the BoB said. The Bank of Baroda has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur, it added. Bank of Baroda shares closed at Rs155.75, up 3.21%, on the BSE.
 
Indian coffee production is likely to decline by around 8% in the current fiscal owing to lack of timely rains, parliament was told on Monday. "It has been estimated that there is a likelihood of decline in coffee production in 2016-17 by 8% compared to that in 2015-16 due to lack of timely rains and high temperature during the crucial flowering stage," Commerce Minister Nirmala Sitharaman told the Lok Sabha during Question Hour. Coffee Day Enterprises shares closed at Rs253.05, up 0.62%, on the BSE. Tata Coffee shares closed at Rs116.25, up 3.29% on the BSE.
 
Tata Metaliks on Saturday said it posted a 26% rise in net profit to Rs34.44 crore in the quarter ended June 30, 2016 and has commissioned enhanced capacity of ductile iron (DI) pipe plant in Kharagpur. Its EBITDA (Earnings before interest, tax, depreciation and amortisation) in April-June quarter stood at Rs61.10 crore, up 28% compared to the same period of the previous year. The company sold 99,130 tonnes of pig iron (including molten metal) and 39,639 tonnes of DI pipes during the quarter, said a Tata Metaliks statement. The expansion of the DI pipe plant capacity in Kharagpur has been completed and the new finishing line of the DI pipe plant was commissioned, the statement said. "The expansion of capacity to potentially 200,000 tonnes per annum will give 50 per cent additional volume to the company's value-added DI pipe business in the future," it said. The company said demand for DI pipes remained stable during the quarter and this is likely to persist in the coming few quarters. However, downward trend in price of DI pipe in the domestic market is continuing due to lower price of input materials and stiff competition from manufacturers. Tata Metaliks shares closed at Rs458.90, down 4.17% on the BSE.
 
The top gainers and top losers of the major 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

Vikas Singh Gusain

7 months ago

Nice and very interesting article

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