Patna University students attack JDU vice president Prashant Kishor

Prashant Kishore

A massive political controversy has erupted after JDU vice president and close aide of Chief Minister Nitish Kumar, Prashant Kishor, was attacked by students of the Patna University after his meeting with the university vice-chancellor Rasbihari Singh at his residence on Monday night.

The JDU leader was attacked by students who had gathered outside Singh’s residence. The vehicle in which Kishor had come to meet the Vice-Chancellor was also damaged by the students.

Patna Police had a tough time ensuring that the JDU leader escaped unhurt from the university campus.

The meeting with Patna University Vice-Chancellor came just two days ahead of the crucial students union elections on December 5. Interestingly, professor Ram Shankar Arya, advisor to the chief election officer, was also present in this meeting which went on for almost 3 hours.

The Patna University Students Union election this time is witnessing an interesting battle between candidates of ABVP against the JDU, who are making their electoral debut in the university elections.

Allegedly, Prashant Kishor is garnering the support of youth from across the state ever since he has become the vice president of the party. Over the last few days, he has been meeting youths from Bihar at 7, Circular Road, the residence of Nitish Kumar from where he operates.

BJP has been alleging that Prashant was trying to influence the students’ union elections in favour of JDU.

Irked by his repeated interference in the upcoming students union election, four BJP legislators had issued a press statement slamming Kishor.

A BJP delegation led by MLA Nitin Navin met governor Lalji Tandon on Monday night soon after Prashant Kishor met the Vice Chancellor at his residence followed by him being attacked by students. The BJP delegation demanded the Governor to conduct the Patna University Students Union elections in the free and fair manner.

It may be mentioned that campaigning for the December 5 elections ended at 5 pm on December 3 and the model code of conduct was in place.

According to rules, no leader of any political party could enter the college premises after the end of campaigning and therefore Prashant Kishor’s meeting with PU VC raised eyebrows. Reportedly, he met VC with the intention to pressurise him to ensure the victory of JDU in the elections.

A massive political controversy has erupted after JDU Vice President and close aide of Chief Minister Nitish Kumar, Prashant Kishor, was attacked by students of the Patna University after his meeting with the university vice-chancellor Rasbihari Singh at his residence on Monday night.

The JDU leader was attacked by students who had gathered outside Singh’s residence. The vehicle in which Kishor had come to meet the Vice-Chancellor was also damaged by the students.

Patna Police had a tough time ensuring that the JDU leader escaped unhurt from the university campus.

The meeting with Patna University Vice-Chancellor came just two days ahead of the crucial students union elections on December 5. Interestingly, professor Ram Shankar Arya, advisor to the chief election officer, was also present in this meeting which went on for almost 3 hours.

The Patna University Students Union election this time is witnessing an interesting battle between candidates of ABVP against the JDU, who are making their electoral debut in the university elections.

Allegedly, Prashant Kishor is garnering the support of youth from across the state ever since he has become the vice president of the party. Over the last few days, he has been meeting youths from Bihar at 7, Circular Road, the residence of Nitish Kumar from where he operates.

BJP has been alleging that Prashant was trying to influence the students’ union elections in favour of JDU.

Irked by his repeated interference in the upcoming students union election, four BJP legislators had issued a press statement slamming Kishor.

A BJP delegation led by MLA Nitin Navin met governor Lalji Tandon on Monday night soon after Prashant Kishor met the Vice Chancellor at his residence followed by him being attacked by students. The BJP delegation demanded the Governor to conduct the Patna University Students Union elections in the free and fair manner.

It may be mentioned that campaigning for the December 5 elections ended at 5 pm on December 3 and the model code of conduct was in place.

According to rules, no leader of any political party could enter the college premises after the end of campaigning and therefore Prashant Kishor’s meeting with PU VC raised eyebrows. Reportedly, he met VC with the intention to pressurise him to ensure the victory of JDU in

[“source=indiatoday]

Samsung Galaxy A8s to come without 3.5 mm audio jack

Samsung is preparing the Galaxy A8s to be its trailblazer device with an Infinity-O display. According to a prominent Twitter leakster @MMDDJ_, the new smartphone might also be the first Samsung smartphone without a 3.5 mm audio jack, paving the way for USB-C audio in the Galaxy S and Galaxy Note series.

The Korean company is apparently testing the waters with the Galaxy A8s and its all-in approach. Given the Galaxy A9s and Galaxy A6s monikers are China-exclusive, we might see the new device getting unveiled first in China, and if the reception is going on well, Samsung will likely copy the product design in its Galaxy S10 series, bound to arrive in Q1 2019.

We are still waiting to hear more specs about the upcoming phone, but we know the display with a hole is likely to be developed by BOE, a company specializing in unusual screens, rumoured to partner Huawei in developing a foldable phone.

[“source=pcworld”]

Suzuki Burgman 125 Review : Should the TVS NTorq & Honda Grazia be worried?

Image result for Suzuki Burgman 125 Review : Should the TVS NTorq and Honda Grazia be worried?

The 125-cc scooter segment has witnessed a lot of new entrants in the last one year and the latest offering comes from Suzuki. Priced at Rs. 68,000 and available in one version, this small capacity maxi scooter is based on the Access 125 and promises to deliver a premium experience for customers. We rode the scooter for a few days in and around NCR and you can watch our verdict in the video below – click the Play button right now!

What is it? 

The Burgman is the largest scooter in the 125-cc segment and makes use of the Access in terms of its underpinnings. The Burgman range of scooters are quite popular internationally but get larger engine options, as big as 650 cc! However for the Indian market, Suzuki has played it safe and utilised the reliable engine from the Access 125. It locks horns with rivals, such as the TVS NTorq and the Honda Grazia.

Is it more powerful?

No. There are no mechanical updates and the engine continues to put out 8.7 PS of power and 10.2 Nm of torque. The engine itself is known for its punchy performance for city usage and given the road, the little Burgman does hit the 100 km/h mark. Suzuki claims an economy of over 50 kmpl as per global test standards, which means it’s safe to assume 40+ for typical city rides. This combined with the large 5.6-litre tank gives it a real world range of over 200 km.

And features? 

This is one area where the Burgman scores high. From combined braking system to LED lights with DRLs, the Burgman also gets storage spaces up front – the right one can accommodate a one-litre bottle while the left compartment is where you phone gets placed. The under-seat space is excellent and we like the Gixxer-inspired LCD display. Practical touches include the generous pillion grab rail and XXL sized seat!

At Rs. 68,000 (ex-showroom Delhi), the Burgman is about Rs. 4000 more expensive than the Honda Grazia and a good Rs. 8,000 dearer than the Ntorq. This is a large amount for this segment but this new Suzuki cannot be ignored for its sheer size, road presence, comfort levels and the excellent 125-cc motor that offers best-in-segment performance-fuel economy combination.

[“Source-cartoq”]

2018 Honda Jazz Petrol CVT: CarToq Review

Image result for 2018 Honda Jazz Petrol CVT: CarToq Review

The premium hatchback market has turned out to be a profitable segment for Indian car manufacturers. Almost 30,000 units of the Elite i20 and Baleno are sold every month which in turn means potential revenue to the tune of Rs 25,000 crore annually. Yes, you read that right. No wonder then that Honda too wants to join the party in a better way which gets us to the 2018 updated Jazz. What’s new? Hit the play button on the video below to know more.

The Jazz is doing brisk numbers for Honda in India, outselling the BR-V and Brio combined together. With the new 2018 update, the aim is to offer better value and in turn increase conversions at the showroom level. To be honest, updates aren’t too many – for example, the exterior changes are limited to chrome covers for the door handles and tweaked tail-lamps which now get Honda’s signature LED wing light. There are two new colors on offer though – Radiant Red Metallic and Lunar Silver Metallic.

The Jazz gets an added kit on the inside to woo buyers and this includes the new Digipad 2.0 that we saw in the new Amaze. This 17.7 cm touchscreen interface provides functions like Bluetooth connectivity, rear camera display, navigation, Apple CarPlay, Android Auto among others. Next on is the cruise control addition, front arm rest with storage space (though doesn’t offer slide option), central lock hand switch, driver’s own vanity mirror, rear parking sensors and speed sensitive door locks. Honda also claims they have improved sound insulation but as we had a petrol model, it was difficult to gauge the difference.

The Jazz continues to offer sedan rivalling space on the inside and we can’t help but appreciate the practicality of this car. Be it perfect ergonomics or a bottle chiller on the right side of the steering, this hatchback scores top marks for ease of driving. We drove the 1.2-litre petrol with the 7-step CVT and this really is the pick of the lot among all the trims sold in India. That said, the air-con couldn’t cope up with North India’s hot and humid afternoon during our shoot and lack of rear air-con vents further made matters worse. Honda has introduced smart keyless entry with push button start on the new Jazz, a welcome addition given that its main rivals offered this from day number one.

There are no mechanical changes in the new Jazz and it continues to drive very well. Part throttle response is good and the car feels at home in traffic. And though it suffers from the typical rubber band effect, enthusiasts can make use of both the Sport mode and paddler shifters. Talking of which, the 1.2-litre petrol motor loves being revved and does reward the driver with outright acceleration. Worthy of a mention is the fact that the CVT automatic delivers better fuel economy as compared to its manual counterpart. Do expect an easy 11-12 kmpl during city runs.

Honda has also revised the version line of the new Jazz. The petrol model is offered in two trims of V and VX and thankfully CVT is being offered on both the versions. The diesel is being offered in three trims of S, V and VX. Sadly, there is no diesel-CVT combo for the new Jazz, just yet. Priced between Rs 7.35 lakh – Rs 9.29 lakh, the Jazz continues to command a small premium over its rivals and in the process, offers you a well-rounded package.

[“Source-cartoq”]

Family Finance: High savings to help salaried Dalals meet goals

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While aggressive investment in equity will help, it needs to be aligned to goals for a smoother journey.

Nishit and Dipti Dalal are both employed and bring in a combined monthly salary of Rs 1.68 lakh. They stay in their own house in Ahmedabad and have bought another house worth Rs 60 lakh as an investment. They have taken a home loan of Rs 12 lakh and a car loan of Rs 5 lakh, and are paying EMIs of Rs 26,900 for both. The couple’s portfolio includes Rs 1 lakh of cash, Rs 1 lakh of gold, equity in the form of mutual funds (Rs 15.9 lakh) and stocks (Rs 1.4 lakh), as well as debt in the form of PPF (Rs 5 lakh), EPF (Rs 2.5 lakh) and debt funds (Rs 1.5 lakh). The couple’s goals include saving for emergencies, buying a bigger house, future child’s education and wedding, and their retirement.

Portfolio

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Cash flow

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Financial Planner Pankaaj Maalde suggests they build the emergency corpus of Rs 3 lakh by assigning their cash, debt funds and surrender value of insurance policies. This should be invested in an ultra short term fund. The couple also wants to buy a bigger house worth Rs 1.75 crore in five years and they can allocate their two properties for the goal, which will help fund Rs 1.4 crore. Since they want to make a down payment of Rs 1.52 crore, the remaining Rs 12 lakh can be amassed by investing Rs 15,000 a month in balanced funds. For the shortfall of Rs 22.7 lakh, they can take a loan and the EMI of Rs 22,400 can be furnished from the surplus and increase in salary.

For the future child’s goal of education in 18 years, the couple wants to save Rs 1 crore. For this, they can assign a portion of mutual funds and continue the SIP of Rs 10,000 in an equity fund. For the wedding, they want to save Rs 1.1 crore in 25 years and again a portion of their mutual fund corpus can be assigned to the goal. In addition they can start an SIP of Rs 2,500 in an equity fund and Rs 500 in the gold bond scheme. For retirement, the couple will need Rs 4.25 crore in 18 years, and should allocate their stocks, mutual funds, PPF and EPF corpuses. They should also continue with an SIP of Rs 38,000 in a diversified equity fund.

How to invest for goals

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As for life insurance, they have six traditional plans worth Rs 21.5 lakh and Maalde suggests they surrender all the plans. Nishit should buy an offline term plan worth Rs 1 crore at Rs 3,750 a month. As for health insurance, the couple has a Rs 5 lakh family floater plan, and Maalde advises them to buy a top-up plan of Rs 15 lakh at Rs 833 a month. Nishit should also buy an accident disability plan of Rs 50 lakh at a monthly premium of Rs 667.

Insurance portfolio

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Financial plan by Pankaaj Maalde (certified financial planner)

Write to us for expert advice
Looking for a professional to analyse your investment portfolio? Write to us at etwealth@timesgroup.com with ‘Family Finances’ as the subject. Our experts will study your portfolio and offer objective advice on where and how much you need to invest to reach your goals.

[“Source-economictimes”]

Centrum set to buy L&T Finance’s supply chain business

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Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout.

The Centrum Group, controlled by former Standard Chartered banker Jaspal Bindra, is set to acquire L&T Finance’s supply chain lending business that has an outstanding loan book of Rs 800 crore.

The divestment is part of a broader Larsen &Toubro effort to trim its wholesale lending business and to concentrate instead on retail and housing segments. The supply chain finance business provides loan and working capital support to manufacturers and dealers of large industrial equipment.

Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout.

A definitive agreement is expected to be signed as early as next week, multiple sources with direct knowledge of the matter told ET.

“The deal has been done. It’s a transaction that will be strategically beneficial to both Centrum and L&T Finance. We think a formal announcement could be made by next week,” said one of the sources mentioned above.

Both L&T Finance and Centrum declined to comment on the matter. “Two years ago, when we started our turnaround plan, wholesale was 62 per cent of the balance sheet and that was excessive for any business,” Dinanath Dubhashi, MD & CEO, L&T Finance Holdings, had said in April in an interview to ET Now.

“Naturally, that had to be reduced and the share of rural and housing had to be increased.”

Dubhashi had said in April that the focus would be on rural loans and home financing.

In the April-June quarter, wholesale financing grew at the slowest pace – by 7 per cent year-on-year – compared with a 76 per cent surge in financing of rural assets and 48 per cent jump in funding house purchases. Total lending business grew 27 per cent to Rs 85,380 crore during the three-month period.

Centrum, which recently sold its foreign exchange business to NASDAQ-listed Ebix Corp, is looking to expand its lending business and has been aggressively expanding both retail and wholesale loans.

Centrum has an SME loan book of Rs 750 crore and this acquisition will double the size of the book.

In November last year, Centrum acquired FirstRand Bank’s Indian micro finance portfolio along with 300 employees and 25 offices across the country.

[“Source-economictimes”]

Honda Activa-rivaling Hero Maestro Edge 125 & Duet 125 launch timeline announced

Image result for Honda Activa-rivaling Hero Maestro Edge 125 & Duet 125 launch timeline announced

The Honda Activa is the current king of the scooter market. With Indians no looking for more premium scooters, it is the 125cc segment that is currently getting a lot of attention, especially the more premium segment which sees the likes of the Honda Grazia and the TVS Ntorq. Now Hero is ready to up the ante in the 125cc segment with two scooters that were last seen at Auto Expo 2018, According to a LiveMint report, Hero will launch the Maestro Edge 125 and Duet 125 in India in September.

The two new scooters from Hero are pitched at two different types of buyers. The Duet 125, which will battle the likes of the Honda Activa 125 and the Suzuki Access is targeted at owners looking for a scooter to move the family about in. The Duet features an all-metal body with telescopic forks, an integrated braking system, similar to the Combi brake setup on the Honda Activa and Grazia, semi-digital instrumentation and an external fuel filler cap among many other features inlcuidng a boot light and USB ports. The Duet sits on 10-inch wheels shod with the tubeless tyres.

The Maestro Edge, on the other hand, targets a younger audience. The Maestro Edge is a sportier scooter from Hero and features a fibre body, with a sporty design and graphics and multiple matte colour options  like Matte Techno Blue, Matte Red, Matte Brown and Matte Vernier Grey. While it to recieves all the features seen on the Duet like the semi-digital instrument cluster, integrated brakes, external fuel filler cap among others, owners will be able to opt for a disc brake up front and remote key-opening. The Maestro Edge gets a larger 12-inch alloy wheel up front and a 10-incher at the rear.

In terms of propulsion, the Duet 125 and  Maestro Edge 125 from Hero both use a new 125cc engine 8.7bhp @ 6,750 rpm and 10.2Nm of torque @ 5,000 rpm, which is sent to the rear wheel via a CVt gearbox. While the new Hero Maestro Edge 125 and Duet 125 match the Honda Activa 125 in terms of power, the i3s start-stop system which will come with both new scooters should help them clinch the mileage game. However, the ‘sportier’ Maestro Edge does seem underpowered compared to the likes of the Aprilia SR 125 and the TVS NTorq.

[“Source-cartoq”]