impact of covid 19 on indian aviation industry

 The COVID-19 pandemic had a massive impact on the Indian aviation sector in 2020 and major airlines facing losses and challenging times laid off employees, sent them on leave without pay, or cut their salaries.The government also had to extend the deadline for submitting bids for Air India five times during the year.The effect of this disruption can be gauged by the loss figures of India's two largest airlines. IndiGo incurred net losses of ₹2,884 crore and ₹1,194 crore in Q1 and Q2 of this fiscal respectively. SpiceJet posted net losses of ₹600 crore and ₹112 crore in Q1 and Q2, respectively.The government, meanwhile, permitted special international passenger flights under Vande Bharat Mission since May and air bubble arrangements were formed with around 24 countries since July. However, scheduled international flights remain suspended in India.

"The revival of overseas travel is expected to be slower and more challenging than domestic. This will hurt Air India in particular as around 60 per cent of its revenue was earlier generated from international operations," said aviation consultancy firm CAPA in October.In 2019-20, approximately 205 million air passengers -- 140 million domestic and 65 million international -- travelled in India.CAPA India projected in October that the Indian aviation industry will lose a combined USD 6-6.5 billion in FY21, of which airlines will account for USD 4-4.5 billion. As a result, the government's plan to sell Air India has been hit.To survive the pandemic-induced crisis, all airlines took cost cutting measures like firings or pay cuts in 2020. In April, GoAir sent the majority of its employees on leave without pay. Air India had in April cut the salaries of its employees by 10 per cent.

At the same time, SpiceJet and IndiGo cut the salaries of all employees by 10-30 per cent and 5-25 per cent, respectively. In July, IndiGo also laid off 10 per cent of its workforce.Currently, the Indian airlines are operating domestic flights at around 80 per cent of their pre-COVID levels. The domestic services are expected to reach their pre-COVID levels by March 2021.

With the anti-coronavirus vaccination likely to begin from 2021, the Indian aviation sector is hoping for a much better year as compared to 2020

10 Must Habits

1. Start your day mindfully

I recommend meditating early in the morning. This practice helps you establish yourself in the present moment. As a result, it enables you to be mindful of challenging situations during the day.Various stressors may arise as you go through the day; Meditation helps you stay calm before facing challenges.Personally, it helps me strategize and think creatively. Meditation is a good habit if you want to stay connected with what is important in your life.

2. Be Grateful for What You Have

It's not uncommon to waste time wondering what isn't enough. You drown in those difficult challenges. However, the challenges justify the presence of hope. The only strategy to stop focusing on your problems is to focus on what you have.Gratitude is a time-tested path to success, health and happiness. It redirects your attention to what you have. Try writing a list of things you're grateful for every day in a gratitude journal, or one thing you're grateful to say when you sit down to dinner with your family.

3. smile

Can you stop and smile before you continue reading this?Now, based on research done by the Association for Psychological Science what just happened; When you smile you set the pace for living a happier life. A genuine smile, or what is called a Duchenne smile, is a good habit if you want to find spiritual, emotional and mental peace.Smiling releases molecules that help fight stress. The physical state of your body determines your state of mind. When you nod or bark, your mind picks up signals related to sadness and depression. However, once you adjust yourself with a smile, you feel a whole new level of enthusiasm and vibrancy.

4. Eat a Healthy BreakfastStarting your day with healthy food is a good habit and an important part of your life. Still, about 31 million Americans do not eat breakfast every day.if you're fed up with hearing that breakfast is an important component of your day, you're just fighting the truth. If you want to be more successful, you must "break your fast" with healthy foods every morning.It's not hard to make a habit if you usually walk out the door every morning. You can get up early to set up meals for yourself so that you don't break down during the day.

5. Exercise Daily

One of the good habits is to exercise your body and muscles daily. You don't have to run a marathon or lift a tonnage. You only need to engage in activities that oxygenate your blood and inject endorphins into your body, trying to squeeze in at least 15 minutes each day

6. Manage Your TimeAnother good habit is to manage your time effectively. This goes a long way towards impacting your achievement.Time management is what separates successful people from the rest of the world, as we all have the same amount of time. How you make use of time determines your ability to be successful in life[4]

"I achieve effective time management by themeing my days and practicing self-discipline. These themes help me handle distractions and interactions. If a request or task doesn't align with that day's theme, So I don't. It sets a cadence for everyone in the company to deliver and evaluate their progress.

7. Set Daily Goals With Intentions

Everyone has goals, whether they are related to business or their personal life. The truth is that we all have a tendency towards a certain direction. Yet, while long-term goals can provide you with direction, it is your daily goals that help you develop the short-term goals you need for your success.

Long-term goals may not give you the motivation you need to keep going, but when you implement your short-term milestones on a daily basis, you get energized, and you can ****** tasks. can overcome the challenges that come with taking it. ,

8. Look for Inspiration

 

              benefits of yoga

1. Yoga makes you feel good – simple as that!

2. Yoga increases your flexibility

3. Yoga improves your strength

4. Yoga boosts your immune system

5. Yoga helps you to focus

6. Yoga changes your energy

7. Yoga boosts your metabolism

8. Yoga reduces anxiety

9. Yoga helps you to be more mindful

10. Yoga soothes your skin

11. Yoga gives you some ‘Me-Time’

12. Hydrate Your Spine

13. Yoga boosts brain power

14. Yoga helps you to breathe better

15.  Yoga helps you to stand up taller

(Eight Steps of Yoga), because it is organised in eight parts:

1. Yama - Self-control

2. Niyama- Discipline

3. Asana - Physical exercises

4. Pranayama - Breath exercises

5. Pratyahara - Withdrawal of the senses from external objects

6. Dharana - Concentration

7. Dhyana - Meditation

8. Samadhi - Complete Realisation

MEDITATION

 

What is Meditation?

How do you learn to meditate? In mindfulness meditation, we’re learning how to pay attention to the breath as it goes in and out, and notice when the mind wanders from this task. This practice of returning to the breath builds the muscles of attention and mindfulness.

When we pay attention to our breath, we are learning how to return to, and remain in, the present moment—to anchor ourselves in the here and now on purpose, without judgement.

How to Meditate

1) Take a seat
Find place to sit that feels calm and quiet to you.

2) Set a time limit
If you’re just beginning, it can help to choose a short time, such as five or 10 minutes.

3) Notice your body
You can sit in a chair with your feet on the floor, you can sit loosely cross-legged, you can kneel—all are fine. Just make sure you are stable and in a position you can stay in for a while.

4) Feel your breath
Follow the sensation of your breath as it goes in and as it goes out.

5) Notice when your mind has wandered
Inevitably, your attention will leave the breath and wander to other places. When you get around to noticing that your mind has wandered—in a few seconds, a minute, five minutes—simply return your attention to the breath.

6) Be kind to your wandering mind
Don’t judge yourself or obsess over the content of the thoughts you find yourself lost in. Just come back.

7) Close with kindness
When you’re ready, gently lift your (if your eyes are closed, open them). Take a moment and notice any sounds in the environment. Notice how your body feels right now. Notice your thoughts and emotions.

How To Manage Stress

                               What is stress?

Stress is a feeling of being under abnormal pressure. This pressure can come from different aspects of your day to day life. Such as an increased workload,

How can I identify the signs of stress?

• feelings of constant worry or anxiety
• feelings of being overwhelmed
• difficulty concentrating
• mood swings or changes in your mood
• irritability or having a short temper
• difficulty relaxing

Seven steps to help protect yourself from stress

1. Eat healthily

• Eating healthily can reduce the risks of diet-related diseases

• There is a growing amount of evidence showing how food affects our mood40 and how eating healthily can improve this

2. Be aware of smoking and drinking alcohol

• Try not to, or reduce the amount you smoke and drink alcohol

3. Exercise

• Try and integrate physical exercise into your lifestyle as it can be very effective in relieving stress

4.Take time out

• Take time to relax

5. Be mindful
6. Get some restful sleep

• Are you finding you are struggling to sleep? This is a common problem when you’re stressed

7. Don’t be too hard on yourself

• Try to keep things in perspective.

TikTok, WeChat ban in U.S.

 The United States has said it will block TikTok and WeChat applications from Sunday

The U.S. Department of Commerce He said he would prevent American citizens from downloading TikTok and WeChat from Sunday.

TikTok, WeChat ban in U.S.

The order prevents Apple and Google from hosting TikTok and WeChat apps in their US stores.
Apple and Google have not yet commented on this order.
Sources told Reuters that the ban could be lifted early Sunday if TikTok manages to light up its previous contract with Oracle.
Visit the Business Insider homepage to find out more.

The United States has said it will ban all downloads of TikTok and WeChat applications from Sunday, according to a government order published Friday.

The order, issued by the U.S. Department of Commerce Prevents US citizens from downloading these two Chinese-owned apps from Apple or Google stores.

As of Sunday, the Department of Commerce has confirmed that it will block "any provision of a service to distribute or modify WeChat or TikTok mobile applications, area code, or app updates through a US online store."

In practice, anyone using TikTok or WeChat on their phone will not notice that applications are suddenly disappearing. The order indicates that the apps will stop being available in the app stores, and anyone already using any service will not receive software updates.

One part of the order means that the TikTok system will expire on November 12, as American hosting providers and content delivery networks will be barred from providing their services. The order adds: "The President has given until November 12 that the national security issues raised by TikTok have been resolved

TikTok, WeChat ban in U.S.

.It is unclear what power the US government has to order Apple and Google to remove apps from their stores. Business Insider contacted TikTok, Apple, and Google for comment.

TikTok, WeChat ban in U.S.

According to an earlier Reuters report, the ban could still be lifted before Sunday if TikTok concludes its agreement with US technology company Oracle before Sunday's deadline.

Oracle and TikTok submitted a proposal to the U.S. government for confirmation on Monday, with a view to overturning executive committee orders from President Donald Trump that would block TikTok if its American business could not be sold.

"Today's actions also confirm that President Trump will do everything in his power to ensure the security of our country and to protect the American people from the threats of the Chinese Party," United States Secretary of State Wilbur Ross said in a statement on Friday.

"At the behest of the President, we have taken drastic measures to combat the dangerous collection of personal information of the American people, while promoting our national standards, democratic processes, and the enforcement of U.S. laws and regulations," Ross said.

TikTok, WeChat ban in U.S.

TikTok, WeChat ban in U.S.

In two administrative orders, on August 6 and 14, Trump identified TikTok and WeChat as national security threats because they are controlled by Chinese companies.

Trump officials accuse TikTok of passing information about American users to the Chinese government. TikTok has denied the allegations and is suing the US government for the ban, saying it was banned.

The directive was aimed at forcing TikTok's parent company, ByteDance, to completely sell the performance of TikTok in the United States as a whole. The deal now reached at Oracle is not a direct sale; instead Oracle will play a major role in TikTok and be appointed as the "trusted technology provider" in the US.

TikTok, WeChat ban in U.S.

 

Dish TV production shift in India

Dish TV production shift in India

 

Dish TV to shift half of set-top-box production to India

Dish TV India on Tuesday said that it plans to shift almost 50 per cent of set-top-box production to India by the first quarter of 2021. The DTH company also said that the first consignment of its made-in-India set top boxes is ready and being shipped to the market.

The DTH player said that it is working with multiple partners such as Dixon Technologies and Handan to procure Made-in-India set-top-boxes. In a bid to focus on locally manufactured components and accessories, the company said that the STB cabinet will be made in India soon and it has already started procuring power adaptors from Indian manufacturers and is in the advanced stage of talks with remote control manufacturers to produce the remote controllers in the country, its statement added.

Dish TV production shift in India

Jawahar Goel, Chairman and Managing Director, Dish TV India Ltd, said, “We are thrilled to join the Government of India’s ‘Make in India’ initiative and localise the manufacturing of set-top boxes and other key accessories in India. This announcement reiterates our pioneering position within the DTH industry as we aim to further expand our business operations and develop products that match the intrinsic needs of our customers.”

Anil Dua, Executive Director and Group CEO, Dish TV India added, “As we refresh our STB range with a new set of connected devices and hybrid options, working with local design, development and production is going to be a competitive edge for our business.”

The company offers DTH services across the country under brands Dish TV, D2H, and Zing brands in this segment, besides its OTT service under brand Watcho.

Dish TV to shift 50% set-top-box production to India

Bluetooth Latest Security Issue

 

Bluetooth Latest Security Issue

New Bluetooth vulnerability poses risk to millions of devices

 

Bluetooth is a crucial part of our device usage these days. It helps you connect devices wirelessly and transfer data between two devices. But this week, a new worrying report from CNET suggests millions of Bluetooth-supported devices are vulnerable to attacks. The organisation behind the technology has talked about BLURtooth, which is a new vulnerability affecting devices.

Because of this issue, it says, attackers can access the security keys between two Bluetooth devices. And by doing that, they will be able to connect with any Bluetooth device in their vicinity. The issue was reported in the Cross-Transport Key Derivation (CTKD). This component is responsible for setting up authentication keys while pairing two devices.

Bluetooth Latest Security Issue

Bluetooth Latest Security Issue

Using this, devices can decide which Bluetooth standard they want to connect with. But because of BLURtooth, attackers can exploit the issue to take control of the CTKD. They can also overwrite the authentication keys to weaken the encryption between the devices. This way, attackers can not only push malicious data through Bluetooth to the targeted devices. They can also access the data made available through the transmission.

Bluetooth Latest Security IssueSo, who’s affected by this new vulnerability. The report says all devices supporting Bluetooth 4.0 and 5.0 standard are in danger. While the 5.1 standard has a safety mechanism built-in to fight this vulnerability. The concerning part is, manufacturers are yet to inform the users about this issue. And because of this, a patch to fix the issue is yet to be rolled out. We’re hoping that is done by the OEMs right away.

Many users have talked about issues with Bluetooth connectivity on the Nord. Apparently, the phone disconnects from paired device without any warning. They also mentioned the device is picking unstable connection. They have mentioned that connection with wireless headphone or another phone barely lasts for few minutes.

Apple creates a face mask for its employees

Apple creates a face mask for its employees

 

Apple retail employees to get masks custom made by iPhone design teams, report says

Apple's stores have been opening and closing as cases rise and fall across the country.

Apple For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

Apple's iPhone and iPad design teams developed face masks that the company's reportedly working to bring its retail employees to help protect them while working in the middle of the coronavirus pandemic.

The new masks, earlier reported by Bloomberg and MacRumors, have a three-layer design to filters particles, the publications said. It can be washed and reused up to five times, and appears to have a more pronounced triangle shape at its top than other masks, reportedly to better sit on people's noses without fogging up glasses. It also has a rounded bottom for people's chins, and its ear strings are adjustable.

For more like this

Subscribe to the Apple Report newsletter, receive notifications and see related stories on CNET.

Apple didn't immediately respond to a request for comment about the masks or whether they'll be sold to the public.

Apple creates a face mask for its employees

Apple's specially designed masks mark the latest way the company's attempted to tackle the challenges of maintaining business amid one of the worst public health crisis in a century. The coronavirus has so far sickened more than 27 million people, killing at least 904,000.

The tech giant was one of the first major firms to publicly warn the coronavirus would affect worldwide shipments and operations, raising alarms as early as February. It's since sent most of its employees to work from home, and either continued paying retail employees while stores are shut or having them help customers over the phone.

It's also reopened some of its 510 stores across 25 countries as conditions have gotten better. But, in some cases, those stores had to close when infections spiked again.

Apple's face masks are not the first COVID-19 products it's produced. In April, Apple designed and sent millions of face shields to essential workers and hospitals. The company's now reportedly working to bring a different face shield to its retail employees as well.

Reliance Jio to launch affordable Android smartphones

 Reliance Jio and Google to deliver 100 million low-cost calls: Report

Within two months of Google's investment in the Jio Platform in Reliance, both sides are said to be making 100 million cheaper phones.

These Android-enabled devices will be integrated with Jio data packets, and are likely to be launched in December 2020 or early next year. Reliance has also had interviews with home-grown retailers who make phone calls.

The development was first reported by Business Standard, citing sources. A spokesman for Reliance YourStory reached out to him, however, dismissing it as "speculation".
Ambani

Reliance Jio to launch affordable Android smartphones

What Mukesh Ambani said when announcing Google's partnership in July

Reliance is expected to launch these low-cost devices along with its 5G mobile network, the company announced at its 43rd AGM in July.

Jio-Google phone is expected to shake up India's low-cost phone market worth about $ 2 billion. This section is currently owned by fans of Xiaomi, Realme, Infinix, and others.

Reliance's entry into the low-cost segment will also encourage home-based artisans who have been overwhelmed by their Chinese peers over the years.

The conglomerate has also embarked on a campaign to not only prepare India for 5G, but also to become a leading provider of 5G technology in the world. Before that, it wanted to build a "2G-mukht Bharat" by connecting 350 million Indian phone users.
Sundar Images Google

Chief executive Sundar Photosi called Jio's partnership "the key to Google's future in India".

Reliance Industries chairman Mukesh Ambani told shareholders,

Reliance Jio to launch affordable Android smartphones

"Jio has developed and developed a complete 5G solution from the beginning. This will enable us to implement a world-class 5G service in India using 100 percent home technology and solutions. This solution Made in India 5G will be ready for testing as soon as 5G i Spectrum is available, and may be ready for field service next year. And thanks to the design of the Jio network, the entire IP network, we can easily upgrade our 4G network to 5G. "

The Jio-Google handset will also upgrade the existing JioPhone, which has sold more than 100 million units since 2017, and has played a key role in bridging the digital divide in India.

Commenting on the partnership with Jio, Google CEO Sundar Photosi said, "This partnership is the key to Google's future in India. I am very pleased that our partnership will focus on increasing access to the hundreds of millions of Indians currently without a smartphone while improving the mobile experience for all."

Want to make your first trip smoother? YS Education offers a Comprehensive Financial Course, where you also get the opportunity to present your business plan to top investors. Click here to find out more.

PUBG back in India | pubg unban in india

PUBG UNBAN IN INDIA

Will PUBG return to India? Sounds like this; here is the way

PUBG’s owner is trying to have the game unbanned in India by distancing itself from Tencent

PUBG Corporation, the parent company of PUBG Mobile, has said Tencent Games will no longer run its Indian franchise.

PUBG Corporation is the publisher and developer of the 2017 blockbuster battle royale video game, PLAYERUNKNOWN'S BATTLEGROUNDS (PUBG), on many platforms.

The South Korean company has stated in its blogpost that it will no longer authorize the PUBG Mobile franchise at Tencent Games in South Africa.

The government earlier this week blocked another 118 Chinese applications, including PUBG Mobile, citing security concerns.

Read also: Prohibition of applications costs Chinese companies $ 200 million a year - and the future; PUBG has lost $ 100 million

In a statement on the matter, the Department of Technology and Information Technology (MeitY) said the applications were involved in activities that "undermined the sovereignty and credibility of India, the defense of India, national security and the public order".

Following this, PUBG Corporation has now announced that PUBG Mobile will no longer be controlled by Tencent Games in the country and that the South Korean company will hold all its subsidiaries. The move could mean that PUBG Mobile will soon close in India.

PUBG back in India

A statement from the company read, "PUBG Corporation is well aware of and respects the steps taken by the government as the privacy and security of players' information is a priority for the company.

"According to recent developments, PUBG Corporation has decided not to authorize the PUBG MOBILE franchise at Tencent Games in India. Going forward, PUBG Corporation will take over all publishing operations in the country. As the company explores ways to give PUBG its Indian experience soon, it is committed to doing so by reserving space. of a game that has a place for its fans. "

PUBG MOBILE is a portable version of PLAYERUNKNOWN'S BATTLEGROUNDS (PUBG), a portable property owned and developed by PUBG Corporation, a South Korean sports company that is involved in developing and publishing PUBG on a number of platforms, including PUBG MOBILE in selected locations.

Read also: FAU-G is the next PUBG! Akshay Kumar unveils online game 'Made in India'

Will this move lift the ban on PUBG Mobile and PUBG Mobile Lite in India?

While there is no word on whether the game will return to the country, this clarifies the way to enter the country. After the merger of Tencent Games with PUB Mobile and the bright version is over, PUBG Corporation will present its case to the government.

It is noteworthy that although PUBG Mobile was banned in India, PUBG is still available for users to play on their computers. This is because PUBG Mobile is the mobile version of the PUBG game.

PUBG Corporation is a subsidiary of Bluehole Games, a South Korean company that builds PUBG.

PUBG Mobile was originally introduced to facilitate the entry of PUBG into China because the game is banned there. The game was finally released in China after Tencent Games took a 1.5 per cent stake at Bluehole Studio.

This is a version that the government has banned because of its relations with China. However, the PC version of the game is still available in India, it is a mobile gaming application blocked by the Center.

"The company is committed to establishing and publishing PUBG on a number of platforms, including PUBG MOBILE in selected locations, to provide the best player games," the statement said.

Meanwhile, those who have installed the game on their devices can still play it, however, new updates are not available for Indian users.

Read also: PUBG Mobile among 118 Chinese banned apps in India: Here is the full list

Samsung Developing Transparent Smartphone

Samsung Developing Transparent Smartphone

 

Samsung Is Developing A Transparent Smartphone

Samsung is developing a transparent smartphone, it seems. The company has patented one such design quite recently. This patent surfaced at WIPO, while Letsogodigital (and Guiseppe Spinelli aka Snoreyn) created some renders for everyone to check out.

This patent was published on August 27, while it was filed back in January this year. It is now making the rounds, though. This patent does explain the technology behind such a device.

It is worth noting that the same tech can be used for TVs, monitors, laptops, and so on. As a basis for this, the company is using an OLED display. Such a display is characterized by low power consumption, high brightness, and fast response time.

Samsung is developing a transparent smartphone with “transparent luminous display panel”

This display, in specific, is equipped with a transparent luminous display panel, through which light can shine. Therefore, the content can be displayed on it, and yet the light goes through it.

This display can be both flat and flexible, while a rollable display can also be created out of it, it seems. Patent sketches basically showed a modern-looking smartphone, which Letsgodigital recreated in the provided renders.

Do note that this is just a placeholder design, as the final product probably won’t look identical, if it ever comes to market that is.

LG actually patented something similar a while back. Xiaomi managed to release a see-through TV quite recently. So, the technology is already here, and we could see it make a transition to smartphones in the future.

Samsung Developing Transparent Smartphone

Are transparent smartphones the future? Well, if we believe what sci-fi movies are telling us, then yes, they are. It remains to be seen, though. There are some drawbacks to such designs. There are a number of questions that arise when it comes to this design

The first thing that comes to mind are cameras. You need to play both front and rear-facing cameras somewhere. If you place them in the usual spot, the phone will be transparent, but you’ll see those camera sensors, so it won’t exactly be completely transparent, and that defeats the purpose.

In order to solve that, OEMs could thicken up the bezels, include a thick top or bottom bezel. That would create a transparent smartphone which is not exactly bezel-less, which also doesn’t make sense.

Another drawback could be related to the viewing experience. Transparent displays may sound cool, but they may hinder what you see on the display. The content could be washed out, and too bright, without proper lumination.

Samsung Developing Transparent Smartphone

These are only some potential issues when it comes to such displays. The question is, are such smartphones even worth developing. Foldable or rollable phones make more sense than transparent ones, in a way, but we’ll see.

Samsung Developing Transparent Smartphone

A Small Business Guide to Carrying Safety Stock Inventory

A Small Business Guide

A Small Business Guide to Carrying Safety Stock Inventory

© Getty Images Woman and man looking at computer monitor in clothing store

As a small commercial drone manufacturer, things are going great for you this week. A new marketing campaign is hitting the mark, and orders are flooding in. You've got a virtually unlimited supply of almost all the parts except for one circuit board, but no worries. You think you've got enough extra to -- and then they're gone.

CONSTELLATION BRANDS, INC.

Suddenly, everything grinds to a halt. Now you've got orders you can't fill and workers who can't work. Disaster!

What comes next is painful. You pause all orders and pay through the nose to a supplier to get the parts shipped to you within days. Eventually customers start contacting you, but they’re angry at the delay, and some are even canceling orders. Your great week has turned into a mess, and you wonder what you did wrong and how to keep it from happening again.

The problem is that you didn't have adequate safety stock to prepare you for a sudden surge in orders. It's a common mistake in manufacturing -- and one you can avoid through proper planning. This guide will help you properly calculate what and how much safety stock your business needs.

Overview: What is safety stock?

Safety stock refers to the extra parts, materials, or products a manufacturer keeps on hand to make sure they don't run out of something they need -- leading to significant delays in making or shipping the product.

Keeping enough safety stock on hand is one of the most important types of inventory management techniques, and it ensures that a business can continue to manufacture products without worrying about a major interruption.

However, manufacturers must carefully balance a need for safety stock with the costs of keeping the stock on hand. If a manufacturer keeps too much safety stock, the firm may incur more in inventory costs than necessary.

5 ways safety stock helps with inventory management

These five benefits show just how critical safety stock is to effectively running a manufacturing company.

1. It ensures necessary materials are always available

A manufacturer needs certain materials and parts to produce a unit. If those materials aren’t available when it comes time to produce the unit, the manufacturer must halt production and acquire those parts from a supplier, which may take days and delay the final delivery. The manufacturer may also have to pay extra to rush shipment of the order or purchase the materials at a time when prices are at a peak.

2. It keeps the business running smoothly

Safety stock doesn’t just keep an individual order on track -- it’s also vital for the functioning of a healthy business. A manufacturer constantly beset by delays caused by stock shortages is in a state of constant chaos. Problems with one order cause ripple effects to other orders and consequently make it more difficult to run the business. Safety stock makes sure all orders can proceed without interruption so the manager can focus on other important tasks to keep the business running at top efficiency.

3. It makes it easier to budget

Accurate budgeting is tough enough, but it's nearly impossible when constant interruptions throw a wrench into your job costing estimates. By keeping safety stock and ensuring your orders progress on schedule, it will be easier to create an accurate budget.

4. It allows you to handle other crises

By averting one type of crisis with safety stock, you can focus on mitigating other inventory control crises. For example, if you miscalculated how popular a product would be and find that your stock is rapidly declining, you have the space to order parts before the safety stock is depleted. You can also adjust your target safety stock levels to handle the new reality of more orders going forward.

5. It keeps customers satisfied

If you're constantly running into delays due to stock depletion, your customers will have to wait longer than expected for their orders -- and, as you know, it's not a good idea to keep customers waiting. Safety stock will guarantee timely delivery of orders, and therefore customers are more likely to stick with you than to bolt to a manufacturer who does a better job of consistently delivering on orders.

How to calculate safety stock for your business

Where do you even begin with calculating safety stock? You must know four things: your maximum weekly output, your average weekly output, your maximum lead time, and your average lead time.

The safety stock formula 

 

Guide to Carrying Safety Stock Inventory

The emergency inventory formula is simple. You want your safety stock supply to be the difference between your average weekly production with normal lead time and your maximum weekly production combined with the longest possible lead time. Then even if you’re hit with a large surge in orders while dealing with an inflated lead time, you can handle it.

Multiply the maximum weekly production by the maximum lead time for Result A and then multiply average weekly production by average lead time for Result B. Then subtract Result B from Result A, and you have your safety stock target.

For example, if you produce 200 widgets per week on average and there's a 10-day average lead time -- but sometimes the lead time is 20 days, and on busy weeks you produce up to 350 widgets -- then the safety stock equation would look like this:

(350 x 20) - (200 x 10) = 5,000

You would need 5,000 widgets of safety stock to be sure you’re adequately prepared in case you’re hit with both a busy week and longer lead times. Remember, you must immediately replenish the safety stock as soon as you drop below this figure because you never know when it could happen again.

Safety stock frequently asked questions

What are the consequences of not having enough safety stock?

Not having enough safety stock will result in delays and cost increases as you halt a job until the stock can be replenished, leading to lost profits. You also may pay extra for rush shipping or for less-than-ideal material prices, and you may lose customers who are frustrated at receiving their orders late.

What are the consequences of having too much safety stock?

Since it costs money to keep items in storage, ordering too much safety stock will cause you to spend too much on inventory management. This will hurt your bottom line. That's why proper planning is essential to hit the sweet spot for safety stock since it’s possible to have either too much or too little.

How do I know which parts/materials to keep on hand?

You should be keeping data on your parts and materials usage. If you're not, it's time to start because figuring out which parts to have on hand is guesswork without data. Inventory management software will collect data that will tell you exactly how much safety stock for each part you'll need, and the lead time you've calculated will tell you when to place the order so it's available when you need it.

Software will simplify safety stock management

The best way to manage your safety stock is with inventory management software. Spreadsheets simply aren't enough to handle the needs of most manufacturers, and you can find plenty of cost-effective options if you're worried about price.

These platforms handle all aspects of inventory management such as asset tracking, warehouse organization, product identification, inventory costing, calculation of carrying costs, and much more.

If you aren't using inventory management software now, or are not satisfied with the one you have, give a few options a try and see which one best fits your business. You'll be surprised at how big the impact can be on how you run your business and, ultimately, on your bottom line.

Business Guide to Carrying Safety Stock Inventory

Business Growth Strategy

 

Business Growth Expert Keith Herman Publishes New Book On Entrepreneurship As Guide To Startup Success

Business Growth and Strategy

Miami, Florida based IPA Equities is pleased to announce that their founder, Keith Herman, recently published ‘Disruption Out of the Box: An Entrepreneur's Guide to Success,’ his latest book. Herman is a leading business growth expert and consultant, venture capital strategist and public speaker based in Florida. In his new book, he primarily lays out the important aspects of a great business plan as well as the critical elements and the processes needed in order to achieve success and realize one’s destiny.

His newest book seeks to explain the principles that he has taught other entrepreneurs over the years. He has even taught these important principles to audiences that include Fortune 100/500 companies, founders, C-level executives and other top level positions. The stories contained within the book convey the essence of his journey and elaborate on a great deal of his success by utilizing story-based learning as well as professional case studies. In fact, his business principles are proven to precisely illustrate the roadmap to success, and Herman is dedicated to sharing them with clients, students and business groups around the world.

In his own words, Herman describes his new book as a clear, recognized and proven roadmap to both business and personal success. “The business principles that I shared in my book are unfortunately not taught in schools and are also not widely known or shared. Instead, I have discovered them generally by trial and error through years of industry experience, extensive reading and highly selective sharing. Ironically, these principles can easily be understood by many and are replicable by all and, therefore, should be shared,” says Herman.

This is why, for the purpose of properly educating business-minded people, the book shares many of Herman’s own strategies in his capacity as a global thought leader highly sought after as a corporate adviser, business growth expert and keynote speaker. The book also includes discussions on vital business strategies, the creation of strategic partnerships, expanding one's professional network, achieving explosive growth and much more.

Herman also includes stories that were drawn from his own experiences in raising more than $500 million for his successful ventures. He also shares his different personal experiences, such as how his career began in an internship program. He also discusses how he wanted to train students and young entrepreneurs on working collaboratively to garner positive publicity. Specifically, he wanted to teach them how to raise brand awareness, increase sales, attract capital and form strategic partnerships, and more than 175 interns have passed through since the inception of this project.

Herman’s expertise in the field is demonstrated by the fact that he is an entrepreneur who has owned, scaled and successfully exited more than 50 SMEs. He is recognized on a global scale for his notable work with startups, global corporations and emerging technology. His mission, he says, is to educate people to learn from his success, the bulk of which he attributes to strategic partnerships he built with funding sources, corporations and institutions. Some of the notable businesses he partnered with include multinational companies like Chase, Citibank, Haseko and so on. Herman points out that, because of these partnerships, he was able to achieve elevated revenues, improve his reputation and build brands that ultimately led to big pay-offs.

Herman is known to selectively partner only with reputable top executives and management teams, so they can both develop business solutions, strategies and execution plans to catapult their organizations to their goals in record time. Thanks to his achievements, he is published in Medium, Forbes, Thrive Global and many other prominent publications. He has also recently formed Oura Collective PR and Marketing For Tech Companies and Startups so he can help others with their marketing strategies and other related endeavors.

As noted on his website, Herman wrote Disruption Out of the Box: An Entrepreneur's Guide to Success based on his own failures and triumphs. For more information on his book and professional consulting services, interested parties may visit Keith Herman.com.

Furthermore, entrepreneurs and aspiring businessmen can learn more about IPA Equities by visiting their official website. Clients may also connect with them via social media to stay up to date with their news and announcements.

PUBG replace by FAU-G

 

Atmanirbhar Bharat: Desi version of PUBG is coming soon as Akshay Kumar presents new action game FAU-G

In line with Prime Minister Narendra Modi's vision of "Atmanirbhar Bharat", Bollywood actor Akshay Kumar on Friday announced the launch of a multiplayer action-game, FAU-G. It stands for fearless and united guards - FAU-G and immediately strikes a similar note to the recently banned addictive game- PUBG.

FAU-G

The Kesari actor said that through this game, players "will also learn about the sacrifices of our soldiers".

Additionally, it would have 20 per cent of its net revenue donated to 'Bharat Ke Veer' trust - which gives homage and support to the country's brave hearts.

Talking about the new game, the 'Rustom' actor said: "For youngsters in India, gaming is becoming an important form of entertainment. With FAU-G, I'm hoping that as they play the game they will learn about the sacrifices of our soldiers and also contribute to the families of the martyrs; and with this, each one of us has the ability to support PM Modi's vision of Atmanirbhar".

The game is based on real scenarios encountered by the Indian Security Forces to deal with both domestic and foreign threats.

The game is expected to launch at the end of October with its first-level set in the Galwan Valley backdrop followed by third-person shooting gameplay in the subsequent releases. The game will be available on the Google Play Store and the Apple App Store.

A Bengaluru based gaming publisher will soon launch a new multiplayer mid-core gaming title, "Fearless and United: Guards (FAU-G)."

Founder and Chairman of the gaming publisher, Vishal Gondal, said: "It is a matter of great pride to respond to PM Modi's call and present the world a world-class game, which will not only help gamers in a virtual setting fight the forces of evil; but also positively contribute to nation-building by supporting our martyrs."

While, Dayanidhi MG, co-founder, and CEO added: "We have in-depth experience in different genres specially mid-core games. We managed genre-defining MOBA games like Vainglory of SuperEvil Megacorp for the worldwide audience. We have also worked with global studios like Rovio. We have an experienced team and is constantly expanding to bring the best talent together to create games that Indian gamers can relate to while playing."

Amazon, Verizon may invest over $4 billion in Vodafone Idea

 

Business Live: Sensex, Nifty start on cautious note amid tepid global cues; Amazon, Verizon may invest over $4 billion in Vodafone Idea

The benchmark stock indices have opened the day on a flat note with rising economic uncertainty as virus cases mount.

The government's hopes of a V-shaped economic recovery could be dashed as the services sector continues to face troubles in August.

Join us as we follow the top business news through the day.

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4:30 PM

The gap between growth and value stocks  

4:15 PM

Diesel price cut for first time in close to 6 months; petrol unchanged

A pleasant surprise for fuel consumers.

PTI reports: "Diesel price on Thursday was cut for the first time in close to six months after state-owned fuel retailers reduced retail selling rate by 16 paise per litre.

Diesel now costs Rs 73.40 per litre in the national capital, as against Rs 73.56 a litre previously, according to a price notification of state-owned fuel retailers.

Petrol, which witnessed the second rally in rates beginning mid-August, was unchanged at Rs 82.08 a litre.

This is the first reduction in diesel price since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze rates for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.

Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25. Diesel price has remained unchanged in the country since July 25, except in Delhi where a reduction in VAT lowered the rate by Rs 8.38 per litre.

Petrol price went up by Rs 9.17 per litre between June 7 and June 29 before hitting a pause. The revision cycle again started on August 16 and rates have gone up by Rs 1.51 since then. In all, the petrol price has risen by Rs 10.68 since June 7.

In Mumbai, petrol comes for Rs 88.73 per litre while diesel is priced at Rs 79.94, as against Rs 80.11 previously, according to the price notification.

In Kolkata, petrol is priced at Rs 83.57, while diesel now costs Rs 76.90 a litre, down from Rs 77.06 previously.

In Chennai, petrol comes for Rs 85.04 a litre and diesel for Rs 78.71, as against Rs 78.86 previously.

State-owned fuel retailers revise rates of petrol and diesel daily based on average price of benchmark fuel in the preceding 15 days."

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4:00 PM

Sensex ends 95 points lower; banking stocks drag

Stocks that opened the day flat ended the day marginally low after a day of choppy trading.

PTI reports: "Domestic equity benchmark Sensex ended 95 points lower on Thursday as losses mainly in baking counters offset gains in shares of IT and consumer durables.

Despite opening on a positive note, the BSE Sensex ended 95.09 points or 0.24 per cent lower at 38,990.94; while the NSE Nifty closed 7.55 points or 0.07 per cent down at 11,527.45.

ICICI Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by Bharti Airtel, Axis Bank, Kotak Bank and PowerGrid.

On the other hand, Titan, Tech Mahindra, Nestle, Maruti, Sun Pharma and Asian Paints were among the gainers.

Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi said, Indian market opened marginally positive owing to mixed global cues as investors in Asian markets react to a slew of economic data releases for China and European markets.

The market, however, turned negative after the latest IHS Markit Services Purchasing Managers’ Index (PMI) contracted for the sixth successive month in August.

The seasonally adjusted India Services Business Activity Index rose sharply from 34.2 in July to 41.8 in August, the highest since March, before the escalation of the pandemic.

The downturn in India’s services sector activity eased in August but remained in the contraction zone as COVID-19 pandemic-induced restrictions continued to adversely impact client demand and business operations.

Bourses in Shanghai and Hong Kong ended in the red, while Tokyo and Seoul closed with gains.

Stock exchanges on in Europe were trading on a positive note in early deals.

Global oil benchmark Brent crude was trading 1.40 per cent lower at USD 43.81 per barrel.

In the forex market, the rupee depreciated 44 paise and closed at 73.47 against the US dollar."

3:30 PM

Amazon-invest-$4-billion-in-Vodafone-Idea

 

Rupee settles 44 paise lower at 73.47 against US dollar

The rupee depreciated 44 paise and closed at 73.47 (provisional) against the US dollar on Thursday tracking muted domestic equities and strengthening American currency.

At the interbank forex market, the rupee opened on a weak note at 73.23, lost further ground during the session and finally settled for the day at 73.47 against the greenback, registering a fall of 44 paise over its last close.

The rupee had closed at 73.03 against the US dollar on Wednesday.

During the session, the domestic unit witnessed an intra-day high of 73.23 and a low of 73.48 against the American currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.04% to 92.88.

 

2:30 PM

Isha, Akash Ambani, Byju Raveendran debut on Fortune’s ‘40 Under 40’ influencer list

Billionaire Mukesh Ambani’s twin children Isha and Akash, and edtech startup Byju’s founder Byju Raveendran are among the Indians who have debuted on Fortune’s ‘40 Under 40’ list of influential people around the globe.

Stating that the coronavirus pandemic has fundamentally altered the way people work and socialise, Fortune magazine said executives have moved quickly to support and empower employees while grappling with daunting challenges to the way their businesses operate.

“To reflect this wave of transformation, we decided that we needed to embrace change in this year’s 40 Under 40. We needed to go bigger — and search more widely,” it said.

This year’s list includes 40 influential people under 40 years of age in five categories — finance, technology, healthcare, government and politics, and media and entertainment.

 

2:00 PM

Tencent shares fall over 2% after India bans PUBG game, other mobile apps

Investors expect the Centre's ban on Chinese apps to affect the profits of these companies.

Reuters reports: "Shares of Chinese gaming and social media powerhouse Tencent fell more than 2% on Thursday after India banned 118 mobile apps, including the firm's popular videogame PUBG.

The stock traded 2.2% lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.

The list of 118 mostly Chinese apps also includes those from Baidu and Xiaomi's ShareSave, as India stepped up pressure on Chinese technology firms following a standoff with Beijing at the border."

1:30 PM

China strongly opposes India banning Chinese mobile apps - commerce ministry

China's reaction to the Centre's decision to ban Chinese apps including PUBG.

Reuters reports: "China's commerce ministry said on Thursday it strongly opposed India banning Chinese mobile apps.

Indian actions violate the legal interests of Chinese investors and services providers and China asks India to correct its mistakes, commerce ministry spokesman Gao Feng told a briefing.

India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd's popular videogame PUBG, citing data security concerns."

1:00 PM

Tata Motors reports 13% increase in sales in August

Even as most auto firms report a slide in sales, there are signs of greenshoots in pockets of the industry.

PTI reports: "Tata Motors on Thursday reported a 13.38 per cent increase in total sales at 36,472 units in August.

The company had sold a total of 32,166 units in same period last year, the home-grown auto major said in a statement.

Total domestic sales were up 21.6 per cent to 35,420 units, from 29,140 units in August last year, it added.

Passenger vehicle sales in the domestic market during the last month rose by over two-fold to 18,583 units, as against 7,316 units in the same month last year.

However, the company reported 28 per cent decline in total commercial vehicle sales last month at 17,889 units, as against 24,850 units in the year-ago period."

12:30 PM

Investors go long on Asian currencies, Indian rupee bets at 3-year high

The Indian rupee may benefit as investors go long Asian currencies amid a weakening dollar.

Reuters reports: "Long positions on India's rupee were sharply raised to a three-year high, a Reuters poll found, as the central bank cut back on dollar-buying, while a weaker greenback and encouraging economic recovery signs propped up bullish bets on other Asian currencies.

The fortnightly poll of 13 respondents showed investors held long positions on all nine Asian currencies for the first time since late January, before the COVID-19 pandemic dealt its devastating economic blow. The rupee has appreciated close to 3% over the past two weeks after the central bank cut back on aggressive dollar-buying it has been undertaking in recent months to build reserves and keep the currency in check to help exports and its virus-hit economy.

India's economy shrank 23.9% in the three months to June, much more than forecast, pointing to a longer than previously expected recovery, with analysts calling for further stimulus.

“A sustained rally in the rupee is unlikely,” BofA Global Research said in a note this week, as domestic demand and movement increase and the government pushes local production.

Long bets on the Chinese yuan, South Korea's won , Singapore's dollar and the Malaysian ringgit were all raised to their highest since early 2018. Data showing the Chinese services sector expanded again last month has added to hopes that the world's second-largest economy was rebounding strongly, and returning to pre-COVID-19 levels of growth.

Long bets on the yuan have been hiked in five consecutive polls, and global investment banks now bet the currency's recent rally will be sustained due to persistent dollar softness and continued capital inflows.

The biggest risk to the yuan and the Chinese recovery comes from worsening relations with the United States. Goldman Sachs said this week that despite tensions, the trade deal the two signed in January looks unlikely to break down this year.

Improving risk sentiment across Asia has been supported by the four months of declines in the dollar, and with the new Federal Reserve approach of achieving maximum employment and not worrying too much about its impact on inflation.

This suggests interest rates will likely remain at near-zero for years to come. Meanwhile, investors turned bullish on the Indonesian rupiah for the first time since June, latching on to improving appetite for risk and interest rate differentials, all in spite of worries about the central bank's independence. The rupiah is an interest rate carry trade favourite.

The Asian currency positioning poll is focused on what analysts and fund managers believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ringgit and the Thai baht."

12:00 AM

Amazon-invest-$4-billion-in-Vodafone-Idea

Unacademy gets $150 million in SoftBank-led round

Education technology firm Unacademy has raised $150 million in a round led by SoftBank Vision Fund 2i, valuing the company at $1.45 billion.

Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, it added.

All documents related to the investment had been signed and the final closing was expected in the next few weeks, it said.

“We’re delighted to welcome SoftBank as a partner. We started with test preparation and with this partnership, we will launch other [offerings] on our platform,” said Gaurav Munjal, co-founder and CEO, Unacademy.

11:30 AM

The rise of zombie firms  

11:00 AM

India's services activity shrinks for sixth month in Aug, job losses mount

A serious setback to the government's hopes of a V-shaped economic recovery.

Reuters reports: "Activity in India's crippled services industry fell for a sixth straight month in August as coronavirus restrictions continued to hurt business operations and demand, causing the longest streak of job losses on record, an industry survey showed.

Thursday's survey adds to the gloom in the service sector, an engine of economic growth and jobs, suggesting a long and painful road to recovery after the economy shrank nearly a quarter in April-June.

Although the Nikkei/IHS Markit Services Purchasing Managers' Index increased to 41.8 in August from July's 34.2, it remained well below the 50-mark separating growth from contraction.

August was the sixth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014.

“August highlights another month of challenging operating conditions in the Indian services sector,” Shreeya Patel, an economist at IHS Markit, said in a release. “Sustained periods of closure and ongoing lockdown restrictions in both domestic and foreign markets have weighed heavily on the health of the industry.”

Hoping to avert more serious economic damage, the government has said it planned to reopen underground train networks and allow sports and religious events in a limited manner despite coronavirus cases growing at the fastest rate in the world's second-most populous country.

Amid the raging pandemic, even if restrictions are eased, economic activity is unlikely to quickly return to pre-COVID-19 levels as fear of getting infected will keep millions of people indoors, avoiding shopping malls, cinemas, restaurants and hotels.

A Reuters poll showed the Indian economy is likely to suffer its worst 12-month performance since 1979 for the fiscal year that ends March 2021, contracting 6.0%, pushing millions more into poverty.

Although improved from July, sub-indexes tracking domestic and foreign demand remained firmly in contraction territory, leading firms to reduce their workforce for the sixth straight month, the longest streak on record.

Expectations for future business activity gave little hope for an imminent turnaround as service firms gave a neutral outlook for the next 12 months.

A composite index, which measures both services and factory activity, improved to 46.0 in August from July's 37.2, cushioned by a better manufacturing performance, but remained well below the neutral 50.0 level.

On the price front, both input costs and prices charged rose in August, suggesting Asia's third-largest economy could enter a period of stagflation - a phase with lofty inflation, high unemployment and stagnant demand."

10:40 AM

Amazon-invest-$4-billion-in-Vodafone-Idea

Rupee slumps 29 paise to 73.32 against U.S. dollar in early trade

The rupee depreciated 29 paise to 73.32 against the U.S. dollar in opening trade on Thursday tracking muted domestic equities and strengthening American currency.

At the interbank forex market, the rupee opened on a weak note at 73.23, then fell further to 73.32, registering a fall of 29 paise over its last close.

The rupee depreciated 16 paise to close at 73.03 against the U.S. dollar on Wednesday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.07% to 92.91.

Forex traders said strong dollar and muted domestic equities weighed on investor sentiment. However, sustained foreign fund inflows supported the rupee and restricted the decline.

 

10:20 AM

Amazon, Verizon may invest over $4 billion in Vodafone Idea

Looks like things may begin to heat up again in the country's telecom sector.

Reuters reports: "U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd , the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10%.

Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations.

But Amazon and Verizon are set to resume discussions following a Supreme Court ruling on Tuesday which gave mobile carriers 10 years to settle government dues.

Vodafone Idea did not immediately respond to Reuters request for comment. Amazon and Verizon did not return emails seeking comment outside regular U.S. business hours.

Heavily indebted Vodafone Idea - a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular - had previously said its ability to continue as a going concern rested on a positive outcome of the hearing.

It has paid the Indian government 78.5 billion rupees ($1.1 billion) in telecoms dues, according to regulatory filings, but still owes roughly 500 billion rupees ($6.8 billion) more.

Shares in Vodafone Idea, which ended 13% lower after Tuesday's court ruling, were up 8% at 10.70 rupees on the NSE index by 0405 GMT."

10:00 AM

Sensex, Nifty start on cautious note amid tepid global cues

A slow start to the day for stocks.

PTI reports: "Domestic equity benchmarks Sensex and Nifty turned cautious in early trade on Thursday amid lack of directional cues from global markets.

After opening 150.33 points higher, the BSE Sensex pared most gains to trade 12.69 points or 0.03 per cent higher at 39,098.72; while the NSE Nifty was up 13.80 points or 0.12 per cent at 11,548.80.

M&M was the top gainer in the Sensex pack, rising around 2 per cent, followed by Maruti, TCS, L&T, Titan, Bajaj Auto and Sun Pharma.

On the other hand, Bajaj Finance, ICICI Bank, IndusInd Bank and PowerGrid were among the laggards.

In the previous session, Sensex settled 185.23 points or 0.48 per cent higher at 39,086.03, while Nifty climbed 64.75 points or 0.56 per cent to close at 11,535.

Exchange data showed that foreign institutional investors bought equities worth Rs 990.57 crore on a net basis on Wednesday.

According to traders, domestic equities turned choppy amid lack of directional cues from global markets.

Concerns of India-China border tensions too weighed on investor sentiment, they said.

Bourses in Shanghai and Hong Kong were in the red in mid-day deals, while Tokyo and Seoul was trading with gains.

Stock exchanges on Wall Street ended significantly higher in overnight session.

Global oil benchmark Brent crude was trading 0.09 per cent higher at USD 44.47 per barrel."

 

9:30 AM

FM to meet heads of banks, NBFCs

Finance Minister Nirmala Sitharaman will hold a review meeting with heads of banks and NBFCs on Thursday for the smooth and speedy implementation of the one-time debt recast for resolution of COVID-19-related stress in bank loans.

The Reserve Bank of India (RBI) last month permitted a one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA).

Amazon-invest-$4-billion-in-Vodafone-Idea