There is no reason yet to be bullish on Indian equities, though the markets may find higher ground as global trade tensions ease, securities research firm CLSA says in a research note.The US and China have reached a truce on their trade war and piped down the rhetoric easing some worries of global markets.Still, overseas investors have pulled out nearly $550 million from Indian markets after the Bharatiya Janata Party that heads the ruling coalition at the centre lost in five states, which went to polls recently. They included the three Hindi heartland states where the party was in power.CLSA thinks some fiscal issues would also continue to defy resolution, with the Goods and Services Tax (GST) collection shortfall for the central government topping Rs15,000 crore in the first eight months of this financial year.The recent adverse election results and possible populist policies going into an election year could further worsen fiscal concerns, it says. When the government spending on political sops rise infrastructure capex will suffer a squeeze hurting capex cycle recovery, CLSA says.CLSA sees the factors like crude price instability and currency volatility holding the market on tenterhooks in the short term. The change of guard at the Reserve Bank of India and the drop in government bond yields by 75 basis points are other factors that will have a bearing on overseas investor confidence, according to the brokerage firm.While the lower oil prices would reduce the possibility of the current account deficit ballooning, potentially dovish monetary policies and liquidity management could have a negative impact on the strength of the rupee, according to CLSA.The market may have started to price in the probability of a policy rate cut, with a new chief for the central bank. But, if the RBI were to concede the government demand for a massive one-time dividend, it could hit the rupee badly, CLSA says.Such a development would indicate that the central bank would stop its open market operations like government bond purchases and that could drive up yields and push foreign debt investors away, driving down the rupee again, according to the market expert.
September 3, 2019
This image obtained from the National Oceanic and Atmospheric Administration shows Subtropical Storm Alberto © in the Caribbean on 25 May, giving an early kickoff to the Atlantic hurricane season one week ahead of schedule. Photo: AFPThe US states of Alabama, Florida and Mississippi have declared an emergency ahead of subtropical storm Alberto expected to make landfall on Monday, authorities said.The storm continued churning north through the Gulf of Mexico on Sunday and is scheduled to make landfall on the Florida Panhandle early Monday morning, reports CNN.Florida Governor Rick Scott issued the declaration for all 67 counties in his state.Mississippi Governor Phil Bryant authorised the use of the National Guard, his office said in a statement.Alabama Governor Kay Ivey issued a state of emergency for 40 counties.Ivey activated the state’s emergency operations centre while the Alabama National Guard activated its high water evacuation teams.Alberto is expected to produce heavy rainfall and flooding over western Cuba, South Florida and the Florida Keys, the National Hurricane Centre said on Sunday.“Heavy rains and gusty winds continue to spread northward over Florida,” it tweeted.“Hazardous storm surge is possible along portions of the central and eastern Gulf Coast beginning Sunday.”The first named storm of this season, Alberto is expected to strengthen as it moves up the Gulf this weekend, CNN quoted the Centre as saying, bringing heavy rains and possible floods to Florida and much of the Southeast in the coming days.
September 3, 2019
A resident of Jurain, Dhaka showed the sample of WASA water to its director AKM Shahid Uddin and a debate ensued following this at the WASA office at Karwan Bazar in Dhaka on 23 April 2019. Photo: Dipu MalakarThe water supplied by the Dhaka Water Supply and Sewerage Authority (WASA) is drinkable, but it can get dirty due to problems in the pipeline, its director (technical) AKM Shahid Uddin said on Tuesday.Speaking to the media, Shahid Uddin also urged the clients to inform WASA if they face any problems.Five people, from the city’s Jurain and East Rampura areas, as part of a demonstration, went to the WASA office on the day to make its managing director drink ‘sherbet’ made with WASA water.The programme was chalked out after the MD, Taskim A Khan, had remarked that WASA water was 100 per cent drinkable.AKM Shahid Uddin talked to the agitating WASA customers on behalf of the MD. When asked who was responsible to take care of the pipelines, Shahid said, they were not always informed of the problems.He promised to take measures to solve the problem.Residents from different areas of Dhaka take position in front of the WASA Bhaban at Karwan Bazar in Dhaka on 23 April 2019 to show the water samples of WASA to its managing director. Photo: Dipu MalakarOn 17 April, Transparency International Bangladesh (TIB) in a report said 91 per cent clients boil WASA water before drinking. It said natural gas worth at least Tk 3.32 billion is burnt every year for boiling the water. Rejecting the study, the WASA MD later said the water was 100 per cent drinkable.The remark infuriated WASA customers from several areas of Dhaka.The protesters waited for two hours in front of the WASA Bhaban with WASA water, lemon and sugar. Police and Ansar members had to be deployed in front of the WASA office to avoid any untoward situation.The MD must apologise and step down, said Mizanur Rahman, one of the protesters. He also demanded the utility bill they had paid be returned.
September 2, 2019
Houston’s in celebration mode as Astros fans welcome back their championship team! On Friday’s edition of Houston Matters, thousands are expected to turn out for today’s festivities in downtown Houston. We bring you live updates leading up to the parade.News 88.7’s Brien Straw joins us live from downtown Houston to describe the atmosphere, and News 88.7’s Florian Martin will check in with us from the parade route downtown. Then, Houston Public Media’s Ernie Manouse joins us in the studio along with Jeff Balke, our regular weekly sports commentator who writes for the Houston Press and Houstonia Magazine. They discuss the last time Houston held a celebration of this magnitude around a huge sports win, the decision by HISD to cancel classes, how a championship impacts the attitudes of Houston sports fans and its players, and much more.Also this hour: We preview the National Women’s Conference. Our panel of non-experts discusses The Good, The Bad And The Ugly of this week’s news. And we meet the longtime public address announcer for the Astros, Bob Ford.Houston Matters offers a free daily, downloadable podcast here, on iTunes, Stitcher and various other podcasting apps. 00:00 /61:41 Listen To embed this piece of audio in your site, please use this code: Share X
September 1, 2019
By Micha Green, AFRO Washington, D.C. Editor, [email protected] people have been killed in the District of Columbia in 2019, according to D.C. Witness. This time last year there had been 72 homicides.Last week, D.C. Mayor Muriel Bowser exhorted residents to stop the violence and encouraged federal lawmakers to consider legislation for gun control. “We need more from our federal government than thoughts and prayers: We need universal background checks on every gun purchase,” Bowser wrote on Twitter.There were two double shootings in Southeast in Washington, D.C., which led to two fatalities, including Arkeem Jackson, 30. (Courtesy Photo)Despite the mayor’s requests, over the weekend two more District residents were victims of gun violence.In the wee hours of June 16, Arkeem Jackson, 30, was killed on the 4300 block of 4th Street Southeast, D.C.“At approximately 1:15 am, members of the Seventh District responded to the listed location for the report of the sounds of gunshots. Upon arrival, members located an adult male victim, unconscious and not breathing, suffering from multiple gunshot wounds,” the Metropolitan Police Department (MPD) reported. In addition to Jackson, a woman was shot at the time in the leg and is expected to survive, according to NBC4 Washington. There are no leads into the reason for the shooting and MPD is requesting any information and offering a $25,000 reward for anyone who helps solve the case.The 4th Street S.E. shooting was the second double shooting in Southeast last weekend.Richfield Chang, 37, and his girlfriend were shot in a Capitol Hill apartment on June 15.Chang was killed and his girlfriend suffered from life-threatening injuries, but is expected to survive.According to NBC4 Washington, his girlfriend said that the shooter was a friend, and that once they saw the gun they asked him to leave, but he opened fire instead.NBC4 also reported that investigators found marijuana and $100,000 in cash in Chang’s apartment.
August 7, 2019
GS B212Russian technology provider GS Group has launched a new mid-price, digital HD set-top box.The GS B212 will join the range of GS Group set-top boxes that also includes the popular GS U510, which it released in 2013, and includes a conditional access module for satellite TV.GS Group, which provides se-tops for market-leading Russian pay TV operator Tricolor TV, said that the GS B212 is only available for new subscriptions and is not included in the trade-in program operated by GS Group and Tricolor TV.“In today’s economic environment, we strive to offer high-quality affordable digital devices to the market. Our new set-top box in the mid-price segment is fully equipped to display HD television. This will help us engaging even more viewers to the HDTV experience”, said director for strategic marketing of GS Group, Andrew Bezrukov.
August 7, 2019
Content security provider Verimatrix has been chosen by Saudi Arabia-based service provider and technology provider Selevision to provide technology to protect security on its new Seevii hybrid IPTV and OTT entertainment service. Seevii offers 200 channels in HD and SD in addition to restart TV, catch-up TV, and EPG and video-on-demand services. The service is delivered via different HEVC-based set-top boxes, iOS and Android smartphones and tablets in addition to a web portal.Verimatrix is providing its VCAS for broadcast-hybrid product to protect revenue security for Seevii.“When Selevision first planned this new service, choosing the right revenue security solution was of paramount importance,” said Ammar Al Hares, COO, Selevision Dubai. “We selected VCAS for Broadcast-Hybrid because of its proven ability to provide robust protection for premium content library, as well as its ability to scale to protect future services.”Steve Oetegenn, president, Verimatrix, said: “Selevision is clearly committed to providing its users with the access to the content and services they demand. We are delighted to play such a critical role in this exciting deployment. Together we have created a robust, yet flexible revenue security framework to serve as the foundation of its new service, while also providing them the scalability to add new services in the future.”
August 7, 2019
Hellas Sat 3 has been lofted into space on an Ariane 5 launcher from French Guiana.Arabsat-owned Hellas Sat’s satellite is the second from the operator to be orbited by Arianespace. It will expand the company’s business reach by providing DTH broadcast and telecommunications services, as well as the distribution of high-definition and ultra-high definition (UHD) video content in Europe, the Middle East and sub-Saharan Africa.These fixed satellite services and broadcast satellite services will include a cross-strap service between Europe and South Africa.Arianespace has another Hellas Sat satellite – Hellas Sat 4 – in its order book. This spacecraft will further increase the operator’s service availability.The Ariane 5 launch from Kourou also carried Inmarsat S EAN, a satellite set to be part of the space segment of a new hybrid system, integrating satellite-based services with a complementary ground network developed by Inmarsat’s strategic partner Deutsche Telekom.The EAN (European Aviation Network), which will commence commercial services in the second half of 2017, will deliver inflight WiFi services for Europe’s airlines.The International Airlines Group (IAG), is confirmed as the launch customer for the new service. IAG has begun equipping its aircraft and aims to have 90% of its short haul fleet complete by early 2019.