Advisorymandi.com

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Amazon launches music streaming service in India

MUMBAI - Amazon.com Inc launched its music-streaming service in India on Wednesday, its latest offering to drive customers to shop more on its flagship e-commerce platform. Amazon Prime Music will be available at no extra cost to members of Prime, the world's largest online retailer's customer loyalty plan that costs an annual 999 rupees ($15.30) and offers faster deliveries, access to early deals and a subscription to its video streaming service.

More Details: https://goo.gl/hDwTy9

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Samsung launches Galaxy S9 with focus on social media

BARCELONA/SEOUL - Samsung Electronics Co Ltd unveiled its flagship Galaxy S9 smartphone on Sunday with an emphasis on visual applications for social media, hoping to attract tech savvy young consumers to weather a market slowdown. With the global smartphone market set to stay flat or even shrink after meagre growth of one percent last year, vendors are focusing on features designed to encourage consumers to ditch their old phones earlier than they would have previously.

Read more at: https://goo.gl/3cLZM1

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Stocks climb, gold suffers as rate-hike worries ease

NEW YORK - Shares rose broadly worldwide on Friday, with strong technology stocks and a retreat in Treasury yields lifting Wall Street, while gold had its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes. The dollar edged higher as investors positioned for a more aggressive Federal Reserve to raise U.S. interest rates three times this year.

For more details:https://goo.gl/1GeYxP

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Indian jewellers shy away as high gold prices dent appetite

BENGALURU/MUMBAI - High local prices hit physical gold demand in India this week while activity in most other Asian centres remained subdued due to the Lunar New Year holiday. In India, the second biggest consumer of the metal after China, local gold prices were trading near a 15-month high of 30,839 rupees touched last week, denting the appetite of jewellers.

Know more at: https://goo.gl/1u938z

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As Wall Street boosts rate hike bets, Fed doubts remain

As signs of faster U.S. inflation boost financial market expectations for three or even more interest rate hikes this year, some U.S. central bankers are sticking to their view that aggressive policy tightening is unnecessary.

Know more at: https://goo.gl/PBQqPy

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Jaitley slams oversight lapses amid PNB fraud probe

#India's Finance Minister decried a "lack of ethics" among sections of Indian business on Tuesday and criticised inadequate oversight by auditors and regulators after the financial sector was rocked by a $1.8 billion #Bankfraud at a state-run bank. Know more at: https://goo.gl/wLgK7p

http://www.advisorymandi.com/news/jaitley-slams-oversight-lapses-amid-pnb-fraud-probe-6001

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India bank hack 'similar' to $81 million Bangladesh central bank heist

NEW DELHI - Hackers who tried to steal nearly $2 million from India's City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh's central bank in 2016, City's CEO said on Monday. The unknown hackers disabled the City printer connected to global payments platform SWIFT on Feb. 6, preventing the bank from receiving acknowledgement messages for three fraudulent payment instruction sent that evening until the next morning.

http://sco.lt/6lgqNl

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Singapore Exchange to launch new Indian derivatives before NSE deal ends

SINGAPORE - Singapore Exchange Ltd (SGX) said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's licence agreement with the National Stock Exchange of India (NSE) expires in August 2018. The move comes days after India's three main bourses unexpectedly announced they would stop licensing their indexes to overseas exchanges, news which hit SGX's shares as brokers cut the bourse's earnings estimates.

To Know more: https://goo.gl/KVrcoc v

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Oil near one-week high on weak dollar, equities rally

LONDON/TOKYO - Oil prices stood near a one-week high on Friday as global equities headed for their biggest weekly gain in six years as the dollar slipped to a three-year low. U.S. West Texas Intermediate crude for March delivery was down 20 cents at $61.15 a barrel by 1410 GMT, having touched a one-week high of $61.89. Activity was subdued, with many Asian markets closed for the Lunar New Year holiday.

Read more at: https://goo.gl/7KX9aG

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Explainer: How PNB fell victim to India's biggest bank fraud

MUMBAI - India's Punjab National Bank, the second-biggest state-run lender, stunned the country's financial sector when it announced this week it had discovered fraudulent transactions worth $1.77 billion at a single branch in Mumbai. The fraud, by far the biggest ever detected by an Indian bank, comes to light at a time when lenders - especially the state-run banks - are hobbled by $147 billion in soured loans on their books, a problem that has choked new lending and hurt the country's economic recovery.

Read more at: https://goo.gl/TSGchg

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Punjab National Bank says detects $1.77 billion worth of fraudulent transactions

MUMBAI - State-run Punjab National Bank (PNB) said on Wednesday it had detected some

State-run #PunjabNationalBank (PNB) said on Wednesday it had detected some "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in #Mumbai. Know full report at: https://goo.gl/BWuu35

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Gold climbs as dollar weakens ahead of U.S. inflation data

LONDON - Gold rose for a second day on Tuesday as the dollar slipped in the face of a recovery in global equities, which dampened appetite for the U.S. currency as a safe store of value. A retreat in the dollar, in which the precious metal is priced, has helped gold to pull back nearly 2 percent from last week's one-month low of $1,306.81 an ounce.

Know more at: https://goo.gl/1spHi3

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Honda aims to double market share in India

GREATER NOIDA, India - Japanese carmaker Honda Motor Co plans to double its market share in India within the next few years, the head of its local unit told Reuters, as it looks to boost its presence in the world's fifth-largest car market. To be a major player and have a meaningful presence, Honda needs to achieve a 10 percent market share, Yoichiro Ueno, managing director of the carmaker's India unit, told Reuters during the country's biennial auto show.

Know more at: https://goo.gl/gPUF8C

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India puts cap on sugar that mills can sell to prop up prices

MUMBAI - India has imposed a limit on the amount of sugar that mills can sell in the market during February and March, according to a government order late on Thursday, as the world's second biggest producer tries to prop up prices of the sweetener. At the end of February mills need to be holding as inventory at least 83 percent of the opening stock from January and February's production. The limit is 86 percent for the end March, the government order said.

Read more at: https://goo.gl/YydrXs

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Air India asks to fly over Saudi Arabia on planned Israel route

ERUSALEM/NEW DELHI - Air India said on Wednesday it plans to begin direct flights to Israel and has proposed they pass through Saudi airspace, a route so far off-limits to Israel-bound commercial planes. Saudi Arabia does not recognise Israel and lifting the 70-year-old airspace ban would reflect what appears to be thawing ties between Israel and the kingdom, both U.S. allies with a shared concern over Iranian influence in the region.

To know more: https://goo.gl/SmpNkS

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शेयर मार्केट नहीं अब अगले तीन महीने गोल्ड में करें निवेश, मिलेगा बेहतर रिटर्न- Amarujala

शेयर मार्केट में फिलहाल गिरावट का दौर जारी रहने की उम्मीद है। ऐसा हो सकता है कि सेंसेक्स

Advisorymandi.com के सीईओ Kaushlendra Singh Sengar ने amarujala.com को बताया कि अभी तक की गिरावट से मार्च के आखिर तक मार्केट #शेयरबाजार 30000 के बेंचमार्क से नीचे जा सकता है।इसलिए निवेशकों को सलाह है कि 31 मार्च तक कोई भी नया शेयर या फिर म्युचुअल फंड न खरीदें। Read more: https://goo.gl/YNuRxd

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SCRUTINY OF BUDGET

SCRUTINY OF BUDGET by ADVISORYMANDI

If we try to sum-up, the budget in few lines: 

Finance minister started his budget speech, outlining already running government programmes and policy in agriculture, rural infrastructure, health and social sector. 

Read more at: https://goo.gl/x9342Q