E-commerce policy all you need to know about the blueprint

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E-commerce companies like Flipkart and Amazon may have to store user-data exclusively in India in view of security and privacy concerns, according to a draft policy discussed at a meeting of a high-level think tank on Monday.

The draft recommendations were prepared by several stakeholders, including by the private sector and government officials from departments such as commerce, industry, IT and electronics. The suggestions were discussed by the think tank headed by commerce minister Suresh Prabhu at a meeting in the national capital.

The think tank will  now work on the final draft national policy for the e-commerce sector, based on the recommendations, which would be placed in the public domain for further comment.

The draft policy, according to The Economic Times, “makes a strong case for championing Indian online enterprise”. The draft suggests that there should be differential voting rights for Indian founders with minority stakes, giving them more control, the newspaper reported.

Data policy 

Data that would be required to be stored exclusively in India includes “community data collected by IoT (Internet of Things) devices in the public space; and data generated by users in India from various sources, including e-commerce platforms, social media, search engines etc”, according to the initial draft.

The draft also talks about the government having access to data stored in India for national security and public policy objectives.

On competition issues

The draft suggested that the Competition Commission of India (CCI) must consider amending the threshold limit that examines potential competition distorting mergers and acquisitions (M&A). A level playing field was suggested for domestic players by ensuring that foreign websites, involved in e-commerce transactions from India also follow domestic rules.

Bulk purchase of branded goods, especially mobile phones, which lead to price distortions in the marketplace may be banned, the initial draft stated.

It was suggested that the government should set up a separate wing in the Directorate of Enforcement to handle complaints related to the implementation of guidelines related to foreign direct investment (FDI) in the e-commerce sector.

Briefing reporters post the meeting, the officer on special duty (OSD) Anup Wadhawan, the new commerce secretary, said the recommendations that were discussed on Monday were very comprehensive in nature and cover each aspect of the e-commerce business, like data flows, consumer protection, grievance redressal, logistics and server localisation.

“Draft in line with Srikrishna panel proposals”

The report of the Justice BN Srikrishna committee on data protection has also come out, Wadhawan said, adding that data localisation issues were deliberated upon as “data provisions has to balance the interest of promoting business with security and privacy concerns”.

He said that the final draft will be in line with the recommendations of the Justice Srikrishna Committee report on data privacy, The Hindu reported.

When will the final policy be out? 

Wadhawan said that there is no timeline for release of the final policy, but that the nation “…cannot afford to have a vacuum in the e-commerce space.”

What stakeholders have to say?

Commenting on the initiative, the Confederation of All India Traders (CAIT) said they are demanding a policy and a regulator for the sector. CAIT said  the draft speaks about the adoption of RuPay cards as payment technology.

A Snapdeal spokesperson said the framework for a national policy on e-commerce represents the collective output of a well-structured discussion on key issues pertaining to the future of the sector.

Representatives from NASSCOM, CII, FIEO, FISME, the Electronics and Computer Software Export Promotion Council, the Internet and Mobile Association of India (IMAI), telecom majors Bharti Enterprises, Reliance Jio Infocom, software firms TCS, Infosys, WIPRO, Mindtree, Tech Mahindra, cab aggregator Ola, MakeMyTrip, and Urban Clap participated in the meeting.

Traders laud govt’s move to formulate  policy

Traders welcomed the government’s move to formulate an e-commerce policy that mandates local storage of user data, and hoped the policy will help build robust reform. The “think tank should address a national framework on e-commerce for a robust internal reform,” Praveen Khandelwal, secretary general, The Confederation of All India Traders (CAIT), was quoted as saying in a statement.

Gold prices recovered

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Gold prices recovered by ₹40 rises to ₹30,780 per 10 grams at the Delhi bullion market on Saturday, taking positive leads from global market amid fresh buying by local jewellers

New Delhi:

Gold prices recovered by ₹40 rises to ₹30,780 per 10 grams at the Delhi bullion market on Saturday, taking positive leads from global market amid fresh buying by local jewellers.

Marketmen said firm global cues where gold inched up as the US dollar slid lower after strong US economic growth data while concerns remain about trade tensions between the US and Europe, attributed the recovery in gold prices, the agency reported.

Globally, gold rose by 0.07% to $1,223.20 an ounce and silver by 0.75% to $ 15.47 an ounce in New York in yesterday’s trade. In addition, pick-up in buying by local jewellers at domestic spot market also supported the upmove, they said.

In the national capital, gold of 99.9% and 99.5% purity bounced back by ₹40 each to ₹30,780 and ₹30,630 per 10 grams, respectively. It had lost ₹190 in yesterday’s trade. Sovereign, however, remained unaltered at ₹24,700 per piece of eight grams in scattered deals.

Tracking gold, silver ready also recovered by ₹25 to ₹39,225 per kg and weekly-based delivery by ₹130 to ₹38,325 per kg. On the other hand, silver coins continued to be traded at previous level of ₹74,000 for buying and ₹75,000 for selling of 100 pieces.

The Indian rupee on Friday climbed to a two-week high of 68.53 before closing almost flat at 68.65 against the US currency in a roller coaster trading session even as stocks continued their bullish ascent.

The rupee gained just one paisa to end at a fresh one-week high of 68.65 at interbank foreign exchange market here as month-end dollar demand from oil importers trimmed its early sharp gains. The rupee oscillated between a high of 68.53 and a low of 68.76 in day trade. Expectations of buoyant capital inflows along with likely initial public offering-related inflows predominantly outweighed impact of broad overnight dollar gains, helping the rupee touch a two-week high in early trade.

Indian markets extended their gains for the sixth consecutive session, hitting fresh record highs on Friday. Both the benchmark indices gained nearly 1% at closing while the Sensex ended above the 37,000-mark for the first time.

BSE Sensex closed higher closed at 37,336.85, up 352.21 points or 0.95%, while the National Stock Exchange’s 50-share Nifty ended at 11,278.35, up 111.05 points, or 0.99%. The Sensex jumped more than 5.4% in July, poised for its best month since January.

Among its Asian peers, the benchmark Sensex is still one of the best performers, besides the Nikkei. In dollar terms, the Sensex is up 1.91%, while the Nikkei is up 1.05% in this year so far.

संयुक्‍त व्‍यक्‍तव्‍य जारी 36 हजार करोड़ का नुकसान कर ट्रक हड़ताल समाप्त

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विभिन्न मागों को लेकर चल रही यह हड़ताल 20 जुलाई से शुरू हुई थी। इसके चालू होने से अब ट्रांसर्पोटेशन का काम शुरू हो जाएगा।

दरअसल, ह़़डताल इसलिए खत्म हुई क्योंकि सरकार के सख्त रुख और ट्रक वालों के घटते समर्थन को देखते हुए एआईएमटीसी हड़ताल खत्म होने का बहाना ढूंढ रही थी। इसका संकेत एआईएमटीसी के अध्यक्ष भीम वाधवा ने रविवार को ही दे दिया था। हालांकि उनका वह दावा एकदम खोखला साबित हुआ कि वह सरकार को झुका लेंगे। दूसरी ओर ह़़डताल के लंबा खिंचने से चीजों की कमी और दाम बढ़ने की आशंकाओं के मद्देनजर सरकार पर भी हड़ताल को जल्द से जल्द खत्म करने का दबाव बन गया था।

नई दिल्ली 27 जुलाई :

केंद्र सरकार से वार्ता के बाद चल रही आल इंडिया मोटर ट्रांसपोर्ट कांग्रेस एसोसिएशन नई दिल्ली की देशव्यापी हड़ताल शुक्रवार को समाप्त हो गई। विभिन्न मागों को लेकर चल रही यह हड़ताल 20 जुलाई से शुरू हुई थी। इसके चालू होने से अब ट्रांसर्पोटेशन का काम शुरू हो जाएगा।

आठ दिनों से चलने वाली इस हड़ताल के समाप्त होने पर व्यापारियों ने राहत की सांस ली है। हड़ताल से सब्जी के दामों में मामूली बढ़ोत्तरी भी हुई थी। माना जा रहा है कि अब इसमें कमी आ जाएगी। बीते 20 जुलाई को हड़ताल शुरू होने के बाद ट्रकों के पहिए थम गए। सामानों का आवागमन रुक गया। फैक्ट्रियों में होने वाला उत्पादन डंप हो गया। बाजार में जरूरत के सामानों की कमी दिखने लगी लेकिन आठ दिनों बाद उनकी मांगों के संबंध में वार्ता के बाद हड़ताल समाप्त हो गई।

ट्रांसपोर्टरों का चक्का जाम ऐसे मुकाम पर पहुंच गया था, जहां ट्रांसपोर्टरों की समझ में नहीं आ रहा कि क्या करें। क्योंकि आठ दिन बाद भी चक्का जाम का जरूरी वस्तुओं की आवाजाही पर कोई विशेष असर दिखाई नहीं दे रहा था। हड़ताल से पहले सरकार ने ट्रांसपोर्टरों को मनाने की भरसक कोशिश की थी। खुद केंद्रीय सड़क परिवहन एवं राजमार्ग मंत्री नितिन गडकरी ने उनकी मांगों के संदर्भ में कुछ ऐलान किए थे। इनमें ट्रकों के एक्सल लोड में 25-35 फीसद तक की बढ़ोतरी, साल के बजाय दो साल में फिटनेस सर्टिफिकेट तथा ओवरलोडिंग पर टोल जुर्माने में कमी जैसे अहम एलान शामिल हैं। यही नहीं, इसके बाद गडकरी न केवल स्वयं ट्रांसपोर्टरों से मिले, बल्कि वित्तमंत्री पीयूष गोयल के साथ भी उनकी मीटिंग करवाई। इन बैठकों में सरकार की ओर से ट्रांसपोर्टरों से स्पष्ट कहा गया था कि 18 नवंबर तक हड़ताल को टाल दें। इसके बाद सरकार उनकी अन्य चिंताओं के समाधान का भी प्रयास करेगी। लेकिन, ट्रांसपोर्टर नहीं माने और सरकार को अपनी ताकत का अहसास कराने के लिए हड़ताल पर चले गए। ट्रांसपोर्टरों के सबसे बड़े संगठन आल इंडिया मोटर ट्रांसपोर्ट कांग्रेस (एआइएमटीसी) के आह्वान पर इस चक्का जाम का आयोजन हुआ था।

हड़ताल खत्‍म होने को लेकर केंद्रीय परिवहन और हाइवे मंत्रालय व आल इंडिया मोटर ट्रांसपोर्ट कांग्रेस (एआईएमटीसी) ने कई दौर की बैठकों के बाद संयुक्‍त व्‍यक्‍तव्‍य जारी किया है।

* केंद्र सरकार के आग्रह पर भारी वाहनों पर थर्ड पार्टी इंश्‍योरेंस के मद्देनजर प्रीमियम की समीक्षा के लिए प्रमुख इश्‍यारेंस बॉडी इरीडा (IRDA) तैयार हो गया है। मामले को लेकर ट्रांसपोटरों और इरीडा के बीच 28 जुलाई को 10 बजे बैठक होगी। इरीडा ट्रांसपोटर्स के साथ आवश्‍कय वस्‍तुओं का डाटा को साझा करने पर सहमत हो गया है।

* कर संग्रह की प्रक्रिया का आसान बनाने का लेकर केंद्र सरकार सहमत हो गई है। इसमें तकनीकी की मदद से छह माह में सभी ट्रांसपोर्ट वाहनों का एक साथ टोल प्‍लाजा पर टैक्‍स लेने की व्‍यवस्‍था की जाएगी, जिससे वाहनों का सुचारु रूप से संचालन हो सके। इसके लिए मंत्रालय की एक कमेटी बनाई जाएगी जो इस दिशा में काम करेगी। इसमें ट्रांसपोटरों सहित विभिन्‍न पक्षों के सुक्षाव लिए जाएंगे।

* सरकार व्‍यवसायिक वाहनों के ड्राइवरों और उनके सहयोगियों को प्रधानमंत्री जीवन ज्‍योति बीमा योजना और प्रधानमंत्री सुरक्षा बीमा योजना में शामिल करने पर विचार करेगी।

* सरकार व्‍यवसायिक वाहनों के ड्राइवरों और उनके सहयोगियों को स्‍वास्‍थ्‍य सेवा ईएसआईसी (ESIC) में शामिल करने पर विचार करेगी।

* सरकार पूरे देश में पर्यटक वाहनों के लिए निर्बाध गति के लिए नेशनल परमिट स्‍कीम की अधिसूचना जारी करेगी।

* सरकार ट्रांसपोर्ट सेक्‍टर की इन मांगों पर भी विचार करेगी

-वाहनों के लिए फिटनेस सर्टिफिकेट की सीमा को बढ़ाकर दो साल किया जाए।

-सामान ढोने वाले वाहनों की नेशनल परमिट नियमों को आसान बनाया जाए, जिसमें दो ड्राइवर की आवश्‍यकता को खत्‍म करना शामिल है।

-वाहनों में एक्‍सल लोड को नियमित करना भी शामिल है।

*सरकार सड़क और परिवहन मंत्रालय के सचिव की अध्‍यक्षता में हाई लेवल कमेटी का गठन करेगी, जो परिवहन क्षेत्र में सुविधाओं पर ध्‍यान देगी ।

Modi meets South African President Cyril Ramaphosa, discusses ways to boost bilateral ties

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Prime Minister Narendra Modi on Thursday met South African President Cyril Ramaphosa and the two leaders discussed ways to expand the bilateral ties in a number of sectors, including trade and investment, information technology and defence.

After the delegation-level talks between Mr. Modi and Mr. Ramaphosa, three memorandums of understandinds (MoUs) were signed on cooperation in exploration and use of outer space for peaceful purposes, the setting up of a Gandhi-Mandela Centre of specialisation for artisan skills, and agricultural research and education.

Mr. Modi, who arrived in Johannesburg on July 25, met Mr. Ramaphosa on the sidelines of the two-day BRICS (Brazil, Russia, India, China and South Africa summit whose theme this year is ‘BRICS in Africa’.

“Kicking off a series of bilateral meetings on the sidelines of BRICS! PM Narendra Modi meets the host South African President Cyril Ramaphosa,” External Affairs Ministry spokesperson Raveesh Kumar said in a tweet.

“Saluting the enduring legacy of Mahatma and Mandela! Prime Minister Narendra Modi and South African President Cyril Ramaphosa jointly released a stamp commemorating the two iconic personalities,” he tweeted.

Strategic partnership

India and South Africa are celebrating 21 years of strategic partnership.

“India and South Africa are proud inheritors of legacies of Mahatma Gandhi and Nelson Mandela,” Mr. Kumar said.

“Prime Minister Narendra Modi and President Cyril Ramaphosa discussed expansion of our relationship in trade and investment, agriculture and food processing, IT, defence and people-to-people contacts,” he said.

Later, Foreign Secretary Vijay Gokhale said both the nations expressed satisfaction at the growth in trade and investment, besides improvement in the people-to-people relation.

“President Ramaphosa actually said India-South Africa relations may be new in terms of re-establishment of diplomatic relations but are in fact very deep-rooted in history. Now what it requires is nurturing, it needs to be watered time to time and such meetings help in that process,” he said.

Mr. Gokhale said Mr. Modi entirely agreed with the South African leader on this, and noted a “very positive” trend on investments and trade.

Long-standing issues

The Prime Minister said Indian companies would respond positively to investing in South Africa, as he welcomed the India-South African business summit, held in April, for which the Commerce and Industries Minister had come here.

Mr. Modi also took up the issue of Indian business persons facing some obstacles in terms of general work permits and inter-company transfer permits in South Africa.

“These are long-standing issues that the Prime Minister took up,” Mr. Gokhale said, adding that the South African President assured Mr. Modi that he would look into the matter.

The Prime Minister, he said, informed Mr. Ramaphosa that India had liberalised the visa regime “very greatly” for South Africans.

On trade, Mr. Modi said among the areas which the South African companies should be exploring in India were defence, food processing and health insurance, according to Mr. Gokhale.

During the “very productive, very good and very warm” meeting, Mr. Modi also mentioned about the visit of Indian Naval Ship INS Tarini with an all-female crew to South Africa.

“The President of South Africa in fact remarked that this [INS Tarini visit] had got very good publicity in the South African press and was seen as a sign of gender empowerment, women empowerment,” the Foreign Secretary said.

Modi meets Putin

Mr. Modi on Thursday also held bilateral talks with Russian President Vladimir Putin on the sidelines of the BRICS summit and said the friendship between India and Russia was deep-rooted.

Mr. Modi was meeting Mr. Putin after their informal meeting in May in the Black Sea coastal city of Sochi in Russia in May.

The two leaders then met on the sidelines of the Shanghai Cooperation Organisation Summit in Qingdao, China, in June.

“Wide-ranging and productive talks with President Putin. India’s friendship with Russia is deep-rooted and our countries will continue working together in multiple sectors. @KremlinRussia,” Mr. Modi said in a tweet.

The two leaders had a comprehensive discussion on bilateral issues of mutual interest, especially in trade, investment, energy, defence and tourism, Mr. Raveesh Kumar said in a tweet.

The Modi-Putin meeting got over at midnight local time, he said.

During their meeting in Sochi in May, India and Russia elevated their strategic partnership to a “special privileged strategic partnership”.

Anti-apartheid movement

India’s relations with South Africa date back to several centuries. India was at the forefront of the international community in its support to the anti-apartheid movement.

This year also marks 25 years since the resumption of India’s diplomatic relations with South Africa in 1993. This year also marks the 125th year of the Pietermaritzburg railway station ‘incident’ involving Gandhiji.

“2018 is a historical year for our relations, as it marks the commemoration of twenty-five years of diplomatic relations between South Africa and India,” the South African Presidency tweeted.

The South African Indian-origin community numbers around 1.5 million and constitutes about three per cent of South Africa’s total population.

US India working together ahead of 2+2 talks

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Alice Wells, principal deputy assistant secretary of state for South and Central Asia, says US is looking forward to the “two-plus-two” dialogue with India in New Delhi in September

The US and India are working together “hand in glove” diplomatically and militarily to build dimensions of the critical bilateral relationship ahead of the “2+2 dialogue”, a State Department official has told American lawmakers.

During a Congressional hearing, Alice Wells, principal deputy assistant secretary of state for South and Central Asia, said the US is looking forward to the “2+2” dialogue with India in New Delhi in September.

She said she expects substantial progress will be made in the bilateral relationship during the dialogue.

“On India, we’re looking ahead to the September 6th two plus two and the joining of forces between Secretary (of State Mike) Pompeo and (Defence) Secretary (James) Mattis to help define what (is) major defense partnership,” Wells said, responding to a question from Indian-American Congressman Ami Bera.

“We’re working together hand in glove diplomatically and militarily to build out the dimensions of what Secretary Pompeo said is one of our most critical relationships,” she said.

The September meet will be the first “two-plus-two” dialogue between India and the United States. Last month, the US had postponed the dialogue due to “unavoidable reasons”.

The dialogue, a vehicle to elevate the strategic ties between the two countries, was announced last year during Prime Minister Narendra Modi’s meeting with President Donald Trump. It has been reschedule at least twice since then.

Indication that the two countries are closer to signing the long-pending foundational agreements, Wells said, “We’re going to be able to demonstrate both in terms of the progress we make on the agreements we can reach that will make it easier for US to share classified information and undertake logistical activities together.”

The dialogue is expected to give meaning and definition to how major purchases and on-the-ground activities such as the Malabar Exercise can work together to secure the Indo-Pacific region, Wells said.

Congressman Bera said it was important for the US to continue sending the message that it sees India as a major defence ally and “incredibly important” in helping the US stabilize the strategic region.

ZX10R – ZX10RR motorcycles are now being locally assembled in India

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This offer is valid until the end of July and then there will be a significant increase in the price. While the new Kawasaki Ninja ZX-10R will be available in KRT edition, the new Ninja ZX-10RR will be available in black.

After a series of reports on an imminent price drop for Kawasaki ZX-10R, the Japanese brand has now introduced the 2018 ZX-10R and ZX-10RR in India. What’s exciting about this news is that since these two motorcycles are now being locally assembled in India, the prices have been seriously lowered. 2018 Kawasaki Ninja ZX-10R is now the most affordable litre-class superbike in the country. The Ninja ZX-10R has had a prominent name in the world of motorsports with three times successive victories at the World Superbike Championship.

The first-ever locally assembled new Kawasaki Ninja ZX-10R and new Ninja ZX-10RR are being introduced with a special pre-order offer. Under the special pre-order offer the ex-showroom Delhi price of the new Ninja ZX-10R is Rs 1,280,000 and the price of the new Ninja ZX-10RR is Rs 1,610,000.

This offer is valid till the end of July 2018 and then there will be a significant increase in the price. While the new Ninja ZX-10R will be available in KRT edition along with few graphical changes, the new Ninja ZX-10RR will be available in black.

Both the models will be produced limited in numbers, however, the total units of the new Ninja ZX-10RR will be lesser than the total units of the new Ninja ZX-10R, as the Ninja ZX-10RR’s global production is limited. The bookings for Model Year 2018 are now open and will be closed after the allocated production and bookings are completed.

Kawasaki ZX-10R draws its power from a 998cc, inline four-cylinder engine paired with a six-speed transmission system. The fuel injected engine sheds out 197 bhp and 114 Nm of torque. With this, the bike can hit an electronically restricted top speed of 299 km/h.

Local assembly of motorcycles should definitely help Kawasaki gain better traction in India. The Japanese brand is locally also assembling the Z250, Ninja 300, Z650, Ninja 650, Versys 650 and Ninja 1000 here. And with the addition of the ZX 10R, the brand will find a better standing in the litre-class superbike territory in the country.

Trade Setup for Thursday: Top 15 things to know before Opening Bell

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Maximum call open interest (OI) of 32.18 lakh contracts was seen at the 11,200 strike price. This will act as a crucial resistance level for July series.

 

 

After opening higher Wednesday the Nifty50 made multiple attempts to move near its earlier record high amid rangebound trade but failed due to selling pressure. The index ended flat with a negative bias ahead of the expiry of July derivative contracts, forming bearish candle on the daily candlestick charts, which also resembles ‘Spinning Top’ kind of pattern.

Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls as well as bears. It can be formed in an uptrend as well as in a downtrend.

The Nifty Midcap index also ended flat while the sectoral trend was mixed. The 30-share BSE Sensex managed to end at record closing high again, rising 33.13 points to 36,858.23.

The Nifty50 after opening higher at 11,148.40 attempted many times to move near its record high of 11,171.55 but failed to do so and remained in a 44-point range at around 11,113.25-11,157.15 throughout the session. The index closed 2.30 points lower at 11,132 after three consecutive positive sessions.

“Nifty50 continued its consolidation phase for second day in a row as it signed off the session with an indecisive formation, forming small bearish candle which also resembles Spinning Top after moving in a 44-point narrow range ahead of the expiry session,” Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

According to him, a major move in either of the directions can be expected in next couple of trading sessions as we head for a fresh F&O series.

He said on the downsides it looks critical for the indices to sustain above 11,000 as a close below this level may usher in a short term pressure on the markets. “For time being upsides may get capped in the zone of 11,150–11,171 unless market witnesses a strong upswing beyond 11,171. In such a scenario initial target of around 11,250 can be expected.”

Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan said the index posted a negative daily close after three consecutive positive sessions. “Nevertheless, overall Technical outlook continues to be in favour of the bulls.”

Once the key hurdle of 11,171 gets taken out, the benchmark index can march towards 11,450 in the short term, he said, adding on the downside, 11,030-11,020 shall act as a key support zone for any minor degree dip.

India VIX fell by 1.18 percent at 12.32 levels. VIX has been falling down from last five sessions and decline in with rising Put Call Ratio suggests that Put writers have taken the market in their tight grip.

We have collated the top 15 data points to help you spot profitable trades:

Key support and resistance level for Nifty

The Nifty closed at 11,132 on Wednesday. According to Pivot charts, the key support level is placed at 11,111.07, followed by 11,090.13. If the index starts moving upwards, key resistance levels to watch out are 11,155.07 and 11,178.13.

Nifty Bank

The Nifty Bank index closed at 27,031.30, up 56.9 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,955.73, followed by 26,880.17. On the upside, key resistance levels are placed at 27,090.43, followed by 27,149.57.

Call Options Data

Maximum call open interest (OI) of 32.18 lakh contracts was seen at the 11,200 strike price. This will act as a crucial resistance level for July series.

This was followed by the 11,300 strike price, which now holds 21.55 lakh contracts in open interest, and 11,100, which has accumulated 16.67 lakh contracts in open interest.

There was hardly any Call writing seen.

Call unwinding was seen at the strike price of 11,100, which shed 11.35 lakh contracts, followed by 11,000, which shed 6.37 lakh contracts and 10,800 which shed 3.9 lakh contracts.

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Put Options data

Maximum put open interest of 49.78 lakh contracts was seen at the 11,000 strike price. This will act as a crucial support level for July series.

This was followed by the 10,600 strike price, which now holds 33.9 lakh contracts in open interest, and the 10,900 strike price, which has now accumulated 32.94 lakh contracts in open interest.

There was hardly any Put writing seen.

Put Unwinding was seen at 10,700, which shed over 9.08 lakh contracts, followed by 11,000, which shed 5.49 lakh contracts and 10,900 which shed 5.45 lakh contracts.

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FII & DII data

Foreign institutional investors (FIIs) sold shares worth Rs 1,195.75 crore while domestic institutional investors bought shares worth Rs 97.64 crore in the Indian equity market on Wednesday, as per provisional data available on the NSE.

Fund Flow Picture:

Image1025072018

Stocks with high delivery percentage:

High delivery percentage suggests that investors are accepting delivery of the stock, which means that investors are bullish on it.

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26 stocks saw long buildup

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59 stocks saw short covering

A decrease in open interest along with an increase in price mostly indicates short covering.

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49 stocks saw a short build-up

An increase in open interest along with a decrease in price mostly indicates a build-up of short positions.

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73 stocks saw long unwinding

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Bulk Deals

Sumeet Industries: Mystique Media Private Limited bought 6,70,364 equity shares of the company at Rs 13.53 per share.

Suumaya Lifestyle: Bimalkumar Rajkumar Bansal purchased 1,44,000 equity shares of the company at Rs 29.13 per share.

Navin Fluorine International: Grantham, Mayo, Van Otterloo & Co LLC sold 3,87,639 shares of the company at Rs 604.07 per share while New World Fund bought 3,84,769 shares at Rs 604.06 per share.

Analyst or Board Meet/Briefings

Orissa Minerals Development Company: Fourth meeting of the Committee of Creditors of the company is scheduled to be held on July 26.

IG Petrochemicals: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on July 31.

NMDC: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 8.

Bank of Maharashtra: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 3.

Great Eastern Shipping: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 10.

Punjab Alkalies & Chemicals: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 14.

Ramco Systems: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 2.

Pfizer: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 2.

Amber Enterprises India: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 7.

Greaves Cotton: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 13.

Suryalakshmi Cotton Mills: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 11.

Mold-Tek Technologies: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 2.

Triveni Engineering: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 1.

Matrimony.com: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 10.

Nestle India: Board meeting for the approval of the unaudited financial results for April-June quarter is scheduled to be held on August 3.

GPT Infraprojects: 38th Annual General Meeting of the company will be held on August 21.

ACC: Company is meeting Ashmore Investments for Investor meeting on July 26.

Piramal Enterprises: Conference call with investors/ analysts is scheduled to be held on July 30.

Finolex Industries: Conference call with investors/ analysts is scheduled to be held on July 27.

Inox Leisure: Company has scheduled an Analyst/Investor Meeting on July 26.

Gateway Distriparks: Investor / Analysts Call is scheduled to be held on August 2.

Reliance Nippon Life Asset Management: Analyst call on the unaudited financial results of the company for the quarter ended June will be on July 26.

Stocks in news

Results on Wednesday: Bharti Airtel, Biocon, Dr Reddy’s Labs, ITC, Maruti Suzuki, Yes Bank, CESC, Ajmera Realty, Alembic Pharmaceuticals, Bayer Cropscience, Bharat Financial Inclusion, Cholamandalam Investment, Colgate Palmolive, Container Corporation, Control Print, Essel Propack, Force Motors, HeidelbergCement, Jammu & Kashmir Bank, Jindal Stainless (Hisar), Lakshmi Vilas Bank, NIIT, Novartis, Orient Green Power, Petronet LNG, Quess Corp, SBI Life Insurance, Schaeffler, Shemaroo, Shriram Transport Finance, Star Cement, Tata Metaliks, Tata Power, Tata Coffee, Tinplate Company, City Union Bank.

Larsen & Toubro: Q1 profit jumps 36.1 percent to Rs 1,215 crore versus Rs 892.5 crore; revenue increases 18.8 percent to Rs 28,283 crore versus Rs 23,811 crore (YoY).

Hero MotoCorp: Q1 profit falls 0.5 percent to Rs 909.2 crore versus Rs 914 crore; revenue rises 10.4 percent to Rs 8,809.8 crore versus Rs 7,980.5 crore (YoY).

Bharti Infratel: Q1 profit rises to Rs 638 crore versus Rs 606 crore; revenue increases 0.3 percent to Rs 3,674 crore versus Rs 3,662 crore (QoQ).

Ambuja Cements: Q2 standalone profit rises 27.3 percent to Rs 499 crore versus Rs 329.3 crore; revenue increases 5.7 percent to Rs 3,016.9 crore versus Rs 2,854.5 crore (YoY).

Canara Bank: Q1 profit rises 11.7 percent to Rs 281.5 crore versus Rs 251.6 crore; NII jumps 43.1 percent to Rs 3,882.9 crore versus Rs 2,713.2 crore (YoY); net NPA at 6.91 percent versus Vs 7.48 percent and gross NPA at 11.05 percent versus 11.84 percent (QoQ).

IRB Infrastructure: Q1 consolidated profit rises 5.2 percent to Rs 250.1 crore versus Rs 238 crore; revenue falls 15.4 percent to Rs 1,537.9 crore versus Rs 1,816.9 crore (YoY).

Reliance Nippon Life: Q1 profit rises to Rs 112 crore versus Rs 109 crore; revenue increases to Rs 394 crore versus Rs 368 crore (YoY).

Shriram City Union Finance: Q1 profit increases to Rs 229.58 crore versus Rs 200.06 crore; revenue rises to Rs 1,401.65 crore versus Rs 1,227.43 crore (YoY).

Sanofi India: Q1 profit jumps to Rs 99.6 crore versus Rs 73.7 crore; revenue increases to Rs 683.6 crore versus Rs 600.6 crore (YoY).

KPIT Technologies: Q1 profit rises 2.6 percent at Rs 78.6 crore versus Rs 76.6 crore; revenue increases 4.9 percent to Rs 1,013.8 crore versus Rs 966.4 crore (QoQ).

Gruh Finance: Q1 profit jumps 20 percent to Rs 115 crore versus Rs 95.8 crore; revenue rises 11.8 percent to Rs 452.2 crore versus Rs 404.4 crore (YoY).

JSW Steel: The company completed acquisition of 100 percent shares of Aferpi S.p.A and Piombino Logistics S.p.A and 69.27 percent of the shares of GSI Lucchini S.p.A.

Punjab National Bank: The bank invited expression of interest towards strategic sale’ process initiated by itself and Quality Investment Holdings in relation to the respective shareholding in PNB Housing Finance.

Hindustan Copper: Board meeting of the company has been convened at short notice on July 26 to review the status of QIP.

Sumeet Industries: Board has has fixed the record date as August 4 for determining the entitlement of members to receive Bonus Equity Shares of the Company in the ratio of 1:4.

Sanofi India: Board declared an interim dividend of Rs 18 per share for the financial year ending December 2018.

Dish TV: World Crest Advisors LLP along the PAC’s has successfully completed the open offer process for acquisition of the equity shares of the company.

Sterling Tools: ICRA revised long term rating of the company to AA- from A+.

Confidence Petroleum: Board approved allotment of 1,50,00,000 equity shares of Rs 1 each at Rs 52 per share on preferential basis.

One stock under ban period on NSE

Securities in ban period for the next day’s trade under the F&O segment includes companies in which the security has crossed 95 percent of the market-wide position limit.

For July 26, Adani Enterprises is present in this list.

अनिल अंबानी ने राहुल को लिखी चिट्ठी मांगा मिलने का समय

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राफेल सौदा मिलने के समय रिलायंस डिफेंस के पास रक्षा क्षेत्र के मैन्युफैक्चरिंग का किसी तरह के अनुभव न होने के राहुल गांधी के आरोप का अनिल अंबानी ने लेटर लिखकर जवाब दिया था. राहुल गांधी को भेजे गए एक पत्र में अनिल अंबानी ने कहा था कि रिलायंस डिफेंस के पास पानी वाले जहाज यानी शिप बनाने का अनुभव था. इस लेटर की कॉपी इंडिया टुडे-आजतक के पास है.

यूपीए सरकार ने जब राफेल सौदा किया था, तब अनिल अंबानी की कंपनी रिलायंस डिफेंस का कोई नामोनिशान नहीं था. इस कंपनी का गठन मार्च 2015 में हुआ और इसके करीब डेढ़ साल बाद सितंबर 2016 में मोदी सरकार ने फ्रांस के साथ राफेल विमान के लिए नया सौदा किया.

गौरतलब है कि कांग्रेस नेता राहुल गांधी ने दिसंबर, 2017 में मोदी सरकार पर हमला बोलते हुए कहा था कि सार्वजनिक क्षेत्र के उपक्रम हिंदुस्तान एयरोनॉटिक्स लिमिटेड (एचएएल) को नजरअंदाज कर अनिल अंबानी की रिलायंस डिफेंस लिमिटेड के पक्ष में फैसला लिया, जिसे हवाई जहाज बनाने का इससे पहले का कोई अनुभव नहीं है.

नए समझौते के मुताबिक भारत में राफेल विमानों के निर्माण का काम रिलायंस डिफेंस के द्वारा ही किया जाएगा. 28 मार्च, 2015 को अनिल अंबानी के रिलायंस समूह ने रक्षा क्षेत्र में कदम रखते हुए रिलायंस डिफेंस नामक कंपनी का गठन किया गया. इसके बाद 23 सितंबर, 2016 को एनडीए सरकार ने फ्रांस के साथ राफेल विमानों की खरीद का समझौता किया. इसके ढाई महीने बाद ही 16 दिसंबर, 2016 को रिलायंस ने राफेल के साथ मिलकर एक संयुक्त उद्यम रिलायंस राफेल स्थापित किया.

रोचक यह है कि पीएम मोदी ने रिलायंस डिफेंस की भारत में स्थापना के 13 दिन बाद ही फ्रांस के अपने दौरे पर 10 अप्रैल, 2015 को रफाल सौदे की घोषणा की.

इंडिया टुडे-आजतक के पास उस लेटर की कॉपी है, जो अनिल अंबानी ने राहुल गांधी को लिखी है. इस लेटर में उन्होंने तर्क दिया है कि रिलायंस को यह सौदा इसलिए मिला क्योंकि उसके पास डिफेंस शिप बनाने का अनुभव था. यह लेटर 12 दिसंबर, 2017 का है.

इस लेटर में अनिल अंबानी ने लिखा था, ‘मुझे यह जानकर व्यक्तिगत रूप से काफी दुख हुआ है कि कांग्रेस के कुछ नेता मेरे और मेरे समूह के बारे में दुर्भाग्यपूर्ण बयान दे रहे हैं. साथ ही दसॉ के साथ हमारे जेवी के बारे में भी तमाम तरह की टिप्पणियां की गई हैं. कांग्रेस के आपके कई सहयोगियों ने कहा है कि रिलायंस को डिफेंस सेक्टर का कोई अनुभव नहीं है. आपको यह जानकर खुशी होगी कि रिलायंस डिफेंस के पास गुजरात के पिपावाव में निजी क्षेत्र का सबसे बड़ा शिपयार्ड है.’

अनिल अंबानी ने लिखा, ‘राहुल जी, मेरे सम्माननीय पिता स्वर्गीय पद्मविभूषण श्री धीरु भाई अंबानी ने तो औपचारिक शिक्षा भी हासिल नहीं की थी. उन्हें कोई भी अनुभव या विरासत हासिल नहीं था, लेकिन उन्होंने दुनिया का सबसे बड़ा पेट्रोकेमिकल एवं रिफाइनरी कॉम्प्लेक्स स्थापित किया और एक दृष्ट‍ि वाले उद्यमी के रूप में उन्होंने भारत में कई बड़े उद्यम स्थापित किए.’

अनिल अंबानी ने राहुल से मुलाकात का भी अनुरोध किया था. उन्होंने लिखा कि यदि राहुल जल्दी मिलने का समय दें तो उन्हें बड़ी खुशी होगी.

पंचकुला में सेबों की आवक सुचारु ढंग से हो इसका ख्याल रखा जाएगा: मार्केट कमेटी

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चंडीगढ़।

पंचकूला सेक्टर-20 स्थित सेब मंडी में हिमाचल के विभिन्न क्षेत्रों से सेब बिक्री के लिए आना शुरू हो गया है। हालांकि अभी सेब सीजन ने पूरी तरह र तार नहीं पकड़ी है और कम ही सेब मंडियों में पहुंच रहा है। बीते तीन-चार दिनों में करीब 7500 पेटी सेब मंडी में उतर चुका था और रोजाना करीब 2000 पेटी सेब आ रहा है। सेब सीजन के अगस्त के प्रथम सप्ताह तक पूरी तरह रफतार पकडऩे की उम्मीद है। उधर, मंडी में व्यापार करने वाले आढ़तियों, लोडर्स, सेब लेकर आने वाले सेब उत्पादकों व अन्य लोगों को किसी तरह की कोई समस्या न आए, इसके लिए पंचकूला मार्केट कमेटी ने पहले से ही सब तैयारियां कर ली हैं। मंडी में आने वालों के लिए कमेटी की ओर से शौचालय, नहाने के लिए अलग से बाथरूम, पीने के पानी के लिए वाटरकूलर व छोटी-बड़ी हर प्रकार की गाडिय़ों के लिए उचित पार्किंग व ड्राइवरों और सेब उत्पादकों के ठहरने के लिए कमरों आदि की व्यवस्था की गई है। इसके साथ ही चंडीगढ़ से पंचकूला मंडी गए आढ़तियों को वहां कोई समस्या न आए, इसके लिए भी कोई समस्या न आए इसके लिए पंचकूला मार्केट कमेटी अलग-अलग पॉलिसी बनाने की सोच रहा है। पंचकुला ग्रेन व एप्पल मार्के ट कमेटी के सचिव विशाल गर्ग ने बताया कि एप्पल सीजन शुरू होते ही भारी मात्रा में हिमाचल से सेब उत्पादक पंचकूला में सेब बेचने आते हैं जिनकी पेमेंट वैसे तो आढ़तियों द्वारा समय पर कर दी जाती है, लेकिन फिर भी अगर किसी की पेमेंट रुक जाती है या लेट हो जाती है तो हम ऐसी पॉलिसी बनाएंगे जिससे बागवानों को उनकी फसल की पेमेंट समय पर मिल जाए।

बता दें चंडीगढ़ से करीब 70-80 आढ़ती पंचकूला मंडी के लिए पलायन कर चुके हैं। इन आढ़तियों ने पंचकूला में 15 से 20 हजार रुपये प्रतिमाह किराये पर दुकानें ले रखी हैं।

सीजन शुरू होने से पहले की पूरी तैयारी

मार्केट के डायरेक्टर अश्विनी चौहान के अनुसार पिछले वर्ष पंचकूला में करीब 15 से 18 लाख पेटियां सेब आया था जिसके लिए हर रोज ४०० से ५०० छोटे-बड़े वाहन मंडी में आते थे। पिछली बार प्राकृतिक तौर पर कुछ दिक्कतें आने के चलते सेब सीजन के दौरान मंडी में 2 दिन पानी की समस्या हो गई थी, लेकिन इस बार कमेटी ने पहले ही तैयारियां कर ली हैं ताकि इस प्रकार की कोई समस्या न आए। उन्होंने बताया कि इस बार पीने के पानी के लिए 6-7 वॉटरकूलर, 9 शौचालय (नहाने के बाथरूम अलग से) बड़े पार्किंग एरिया की भी व्यवस्था की गई है ताकि वाहन पार्क करने में किसी को भी समस्या न आए।

कोट्स

पेमेंट की समस्या को लेकर हम लोडर्स का रेकॉर्ड व सिक्योरिटी रखने जैसी पॉलिसी बनाने की सोच रहे हैं जिस विषय में हम बहुत जल्द मीटिंग करेगें। मीटिंग में यदि सहमति बन पाई तो हम पॉलिसी बनाकर 1 अगस्त तक लागू भी कर सकते हैं। बाकि पॉलिसी बनने से पहले यदि सेब उत्पादक व आढ़तियों को कोई समस्या आती है तो वह हमारे पास आकर लिखित में शिकायत दे सकते हैं। हम एक सप्ताह की अवधि पूरी होने से पहले पेमेंट दिलवाएंगे ताकि हमारी मार्केट में आने वाले छोटे-बड़े किसी भी व्यापारी को कोई समस्या न आए।

विशाल गर्ग, सचिव, पंचकूला मार्केट कमेटी

सीजन के दौरान किसी उत्पादक या लोडर्स को दिक्कत न आए इसके लिए हरियाणा सरकार ने नियम बना रखा है कि कोई पुलिसवाला बिना कारण सेब लेकर आ रहे ट्रक को नहीं रोकेगा। बाकि हमारी तरफ से मंडी में 24 घंटे एक पीसीआर गाड़ी उपलब्ध करवाई गई है ताकि किसी भी व्यक्ति के साथ कोई आपराधिक घटना न घट सके।

अश्विनी चौहान, डायरेक्टर, मार्केट कमेटी

आढ़तियों के चंडीगढ़ से पंचकूला शि ट होने के बाद हरियाणा सरकार को बीते वर्ष 2 करोड़ रुपये के करीब लाभ हुआ है। सीजन 1 अगस्त से अक्तूबर अंत तक चलेगा। अब तो परमाणु और सोलन से भी आढ़ती पंचकूला में आने को तैयार हैं जिनमें से 44 ने अपनी रिजर्वेशन करवा रखी है। बाकि यों के लिए ओपन ऑक्शन करवाई जाएगी जिसमें ऑलओवर इंडिया के आढ़ती भाग लेंगे।

4,57,000 Barrels per day, Iran is the No. 2 Supplier of Crude to Inidia

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India, Iran’s top oil client after China, shipped in 5.67 million tonnes or about 457,000 barrels per day (bpd) of oil from the country in the first three months of this fiscal year, Dharmendra Pradhan told lawmakers in a written reply.

Iran was the second-biggest oil supplier to Indian state refiners betw

een April and June, India’s oil minister said on Monday, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.

India, Iran’s top oil client after China, shipped in 5.67 million tonnes or about 457,000 barrels per day (bpd) of oil from the country in the first three months of this fiscal year, Dharmendra Pradhan told lawmakers in a written reply.

He did not provide comparable numbers from the year-ago period. Data compiled by Reuters shows that India imported about 3.46 million tonnes, or about 279,000 bpd, from Iran between April and June last year.

State refiners, accounting for about 60 percent of India’s 5 million bpd refining capacity, had curbed imports from Iran last year in protest against Tehran’s move to grant development rights for the giant Farzad B gas field to other parties.

The refiners -Indian Oil Corp., Chennai Petroleum Corp.,  Bharat Petroleum and its unit Bharat Oman Refineries Ltd, Hindustan Petro;eum and Manglore Refinery and Petrochemicals- shipped in 9.8 million tonnes of Iranian oil in 2017/18, about a quarter less than a year ago, Pradhan’s reply showed.

For this fiscal year, the refiners had decided to almost double imports from Iran, which offered almost free shipping and extended credit period on oil sales.

Iraq continued to be the top oil supplier to India in the April-June period. New Delhi shipped in 7.27 million tonnes of oil from Iraq, while shipments from Saudi Arabia totalled 5.22 million tonnes, making it the third largest supplier, Pradhan’s statement showed.

India and other major buyers of Iranian oil are under pressure to cut imports from the country after Washington in May withdrew from a 2005 nuclear deal with Tehran and decided to reimpose sanctions on the OPEC member.

Reuters reported last month that India had asked refiners to prepare for drastic reductions or even zero Iranian oil imports.

The first set of sanctions will take effect on Aug. 6 and the rest, notably in the petroleum sector, following a 180-day “wind-down period” ending on November 4.

“Indian refineries import crude oil from diverse sources including Iran, depending on technical and commercial considerations,” Pradhan said, without elaborating if the refiners would cut imports from Tehran.

India’s overall oil imports from Iran in June declined by about 16 percent from May as refiners started weaning their plants off crude from Iran to avoid US sanctions.