‘Kesari’ Second Song Ajj Singh Garjega Releases, Shows Valour Of The Sikh Soldiers

Akshay Kumar’s upcoming ‘Kesari’ has been into the spotlight since the inception of its trailer. The audience is most eargerly waiting for the movie which is to release on the occasion of Holi. 

As the release date of the film comes closer, makers are leaving no stone unturned in taking the excitement level up a notch. The first song from the film titled ‘Sanu Kehndi’ was a dance number and showed Akshay and his battalion in party mode. Now, the makers have released the second song of the film titled ‘Ajjj Singh Garjega’ and it shows the valour of the Sikh soldiers while engaged in battle.

Sung by the very talented Jazzy B, the song has lyrics by Kunwar Juneja.

‘Kesari’ also stars actress Parineeti Chopra and she looked like a proper ‘Punjab ki Kudi’ in her first look.

The shooting of the period war drama film had wrapped up in December 2018.

The film has been helmed by Anurag Singh and tells the story of Havildar Ishar Singh who participated in the Battle of Saragarhi (in which an army of 21 Sikhs fought against 10,000 Afghans in 1897) while yearning for the respect of his estranged daughter.

Karan Johar’s Dharma Productions, Isha Ambani and Twinkle Khanna are the producers of the film.

Ravindra Jadeja’s Name Joined In An Elite List Of Allrounders, List Names Legends Sachin Tendulkar, Kapil Dev

Indian allrounder Ravindra Jadeja marked his name in an elite list of allrounders during the 3rd ODI against Australia at MCG on Friday. This list also names legendaries like Sachin Tendulkar and Kapil Dev. After scoring 10 runs in the match, Jadeja became the third Indian cricketer to score 2,000 runs and take more than 150 wickets in the international 50-over game.

While Tendulkar scored 18,426 runs and took 154 wickets in 463 ODIs, 1983 World Cup Winning Indian captain Kapil scored 3,783 runs and took 254 wickets in his career. Jadeja, who has played 148 ODIs so far has taken 171 wickets.

Jadeja crossed the milestone during India’s second ODI against Australia in Nagpur. He came in at a time when India were placed precariously on 171/6. With captain Virat Kohli on the other side, Jadeja helped in stabilising the Indian innings. He also played in the first ODI of the series, although he couldn’t take any wickets and didn’t bat.

With the pair of Kuldeep Yadav and Yuzvendra Chahal having a successful tour in South Africa in the format, Jadeja found himself on the fringes in the team. But after a wait of 14 months, he was included in the Asia Cup squad when Hardik Pandya picked up an injury. His allround performance in the tournament revived his ODI career.

He continued his good form into the Test and ODI series in Australia and threw his hat into the mix for World Cup selection. Since his comeback, Jadeja has picked only 16 wickets in 12 games, but managed those with an economy rate 4.62, easily the best among the Indian bowlers in this span.

India lead the five-match series 1-0 having beaten Australia by six wickets in the first ODI in Hyderabad. Jadeja bowled a miserly spell of 10 overs in which he conceded just 33 runs. It helped Kuldeep Yadav, Kedar Jadhav and Mohammad Shami pick wickets as India dominated the middle overs.

Flipkart Is Here With Women’s Day Sale, Runs A Hashtag #ForEverHer

Flikart is going to spread out sales day again on the occasion of International Women’s day. This sale will begin from March 7 and end on March 8, making it a 24-hour sale. The company is running a hashtag #ForEverHer for the sale with the tagline “This Women’s Day celebration every her”.

 The dedicated microsite for the sale on Flipkart has already gone live and it shows that Flipkart is providing up to 75 per cent discounts on television and appliances which are under the sale.

Flipkart has not yet revealed the prices of the products that will go on sale yet and the discounted prices have been censored in a “fill-in-the-blanks” manner. Though Flipkart has been providing strong hints at probable big discounts on some products, like for example the MarQ 32-inch HD Smart TV which has been teased on the e-commerce platform with a price under Rs. 20,000, and irons from Philips and Bajaj for under Rs. 300. A VU FullHD 43-inch LED TV is also shown to be available at a discounted price of Rs. 17,499 and is one of the products whose prices have been revealed.

Other appliances that are getting massive discounts are smartphones, up to 80 per cent discount on electronics and accessories, up to 75 per cent discount on televisions and appliances. Flipkart has shown that they will be providing massive deals on mobiles, laptops, and TVs. Flipkart is also offering Complete Mobile Protection offers starting from Rs. 99, Debit card EMI options, No-Cost EMI options on leading Bank Credit Cards, and Bajaj Finserv offers which is providing No Cost EMI on Bajaj Finserve EMI Network Cards. Flipkart is offering an extended warranty for Rs. 399 and exchange offer of up to Rs. 22,000.

Reliance Jio Offers Double Data Benefits On Redmi Note 7, Note 7 Pro

Following Airtel’s recent announcement, now Reliance Jio has revealed that Redmi Note 7 and Redmi Note 7 Pro buyers will be able to get double benefits on all recharges of Rs. 198 or above on its network. 

In addition to the double data, the Jio users with Redmi Note Series phones will also get cashback vouchers worth Rs. 2,400 in MyJio application with the Rs. 299 Jio recharge. Airtel also offers free double data benefits on select Airtel recharge packs as well as Airtel Thanks Benefits to the Redmi Note 7 Series buyers.

If the past double data benefit offers are any indication that Jio users will need Prime membership to avail the double data benefit offer on the Redmi Note 7 or Redmi Note7 Pro smartphones. Also, Redmi Note 7 Series owners will get the double data benefits for only four recharges.

How to claim Jio double data benefits on Redmi Note 7, Redmi Note 7 Pro ? 

  • To claim the Jio double data benefits, the owners of the Redmi Note 7 and Redmi Note 7 Pro smartphones will have to perform a recharge of Rs. 198 or above.
  • Once the recharge is complete, they will receive the double data voucher
  • To get the double data in their account, the users will need to redeem the voucher by going into the MyJio app.

It is important to note here that no matter when you redeem the voucher, the validity of the double data will be same as the validity of your original recharge.

To recall, Xiaomi had launched the Redmi Note 7 and Redmi Note 7 smartphones in India last week. The Redmi Note 7 is all set to go on sale for the first time tomorrow i.e., March 6 via Flipkart, Mi.com, and Mi Home stores. On the other hand, the Redmi Note 7 Pro will be available starting March 13.

The company has priced the Redmi Note 7 starting Rs. 9,999 for the 3GB + 32GB version. The 4GB + 64GB model will carry a price tag of Rs. 11,999, whereas the Redmi Note 7 Pro will start at Rs. 13,999 for the 4GB + 64GB variant and the 6GB + 128GB version will be offered at Rs. 16,999.

Paytm To Launch ‘Paytm First’, A Premium Subscription-based Loyalty Program

The Paytm owning company, One97 Communications announced on Tuesday the launch of a premium subscription-based rewards and loyalty programme called ‘Paytm First’ for its users.

The company aims to offer exclusive benefits over and above the regular Paytm cashback offer through this program. Also, it will promote it for its further usage and increase customer retention.

Paytm announces the launch of its subscription service, Paytm First.

The company is aiming to sell over three million subscriptions within the first year of its launch.

 

Paytm has partnered with multiple players including food discovery platform Zomato, music streaming service Gaana, cab aggregator Uber, and OTT platforms Sony Liv and Eros Now.

Further, the Paytm First subscription, priced at Rs 750 per year, will include a Zomato Gold membership, annual subscription for Gaana, Sony Liv, and Eros Now memberships.

In a statement, Paytm said the subscription will also provide a ViU Premium membership, which will give benefits of up to Rs 6,000 on cab aggregator Uber, as well as Uber Eats.

Additionally, Paytm is also looking to provide exclusive offers on its movie ticketing platform as well as its ecommerce platform Paytm Mall.

 

Speaking on the launch of Paytm First, Deepak Abbot, Senior Vice-President, Paytm said,

“We are very excited to launch our exclusive loyalty programme ‘Paytm First’ with sought after rewards and benefits spanning across video and music streaming, food and travel, shopping and lifestyle. We are happy to have partnered with leading players from their respective verticals during the initial launch phase itself, and we will continue to expand the Paytm First programme with more benefits and value to our customers.”

Paytm First’s subscription directly competes with Amazon’s subscription programme – Amazon Prime.

India continues to be one of the biggest markets for the ecommerce behemoth. In April last year, Amazon CEO Jeff Bezos confirmed that in its first year, India saw maximum customers signing up for Amazon’s Prime suite than any other geography around the globe.

Further, if industry reports are to be believed, Paytm is also looking to launch its own OTT service, which will put the payments major directly against the likes of Netflix, Amazon Prime Video, Hotstar, Eros Now, and JioTV.

In August last year, Indian ecommerce major Flipkart also launched its subscription service, Flipkart Plus, to reward customers by giving them access to exclusive deals and free one-day deliveries.

Tata Motors Rises 10%, Marks Biggest High Since May 2016

Tata Motors shares hiked almost 10 per cent on Tuesday’s session, marking their biggest intraday rise since May 2016, also it was a better-than-expected February retail volume, reported Jaguar Land Rover (JLR) in US market.  

The car maker said volumes for the region jumped 26 per cent growth on YoY basis in February. This was higher than 18-20 per cent anticipated by the Street.

“The growth was seen across both Jaguar (up 59 per cent YoY) and Land Rover (19 per cent YoY),” said Nomura India.

Shares of the company jumped 9.93 per cent to hit a high of Rs 198 on BSE. The strong numbers came a few days after the company declined reports suggesting it was mulling a stake sale in the British arm.

Tata Motors reported its February JLR sales stood at 11,616 units, which was up 26 per cent against its previous best in 2017. The company said its Jaguar brand saw a rise of 59 per cent for the year.

The boost came from the US sales as the Land Rover had its best-ever February sales month in the US with 8,151 units, an increase of 19 per cent from 6,828 in February 2018. 

“The stock is trading at 4.2 times (FY20) and 3.6 times (FY21) EV/Ebitda, at the lower end of its trading band. However, we do not expect a re-rating given tough market conditions in China, risks to demand from a no-deal Brexit, weak premium demand in other markets and negative FCF for JLR until FY21F,” said Nomura India, recommending a neutral rating on the stock.

Analysts see better performance from Tata Motor’s JLR segment in near future. 

“JLR continues to struggle but I believe that they are working on cost cutting and bringing up the JLR platform across markets could mean that we should start seeing relatively better performance coming from the JLR portfolio going forward in this financial year,” said Deven Choksey, MD, KR Choksey Investment Managers.

“There is lot of action in terms of ramping up their I-PACE model. There are couple of more SUV models on the Range Rover platform. I think Tata Motors has been attractive sub-200 for a long, long time,” said Gurmeet Chadha, Co-Founder of Complete Circle Consultants.

Meanwhile, the group’s move to rejig $104-billion conglomerate into 10 verticals is also seen as a positive for the company. 

Tata Motors recently announced a £3.1-billion impairment charge on account of its Jaguar Land Rover unit. In February, Tata Sons bought nearly 1.18 crore shares of Tata Motors from the open market for around Rs 183 crore. The purchases were made on February 11, 12, 13 and 15 at an average cost of Rs 155 per share. 

Shares of the company closed 7.72 per cent up at Rs 194 on BSE.

Former IL&FS Directors Get Show- Cause Notice On Money laundering, Fraud, Payoff Charges

A show- cause notice was issued to 14 former board directors of IL&FS on charges of “facilitating money laundering,” sanctioning loans without any security and “conspiracy and getting unlawful gains,” among others by the new management of the firm. 

These 14 include former IL&FS chairman Ravi Parthasarathy and Hari Sankaran (former vice chairman). 

The charges include specific instances of directors of a borrower entity, who also happened to be directors of IL&FS group companies, and a case where a large portion of the loan given to a company was later transferred into the account of its directors.

Giving them a time of seven days to respond to these allegations, the company has threatened to initiate departmental and legal action against the directors.

In one of the eight charges against the directors, the notice said: “You have been responsible for facilitating money laundering by following entities who have diverted the loan amount to individual accounts of the directors of the borrow company.

In one instance, Shri Siddharth Dinesh Mehta, the director of the borrower company has been a director of IL&FS group company IEDCL. Inspite of above, you failed to take any action which shows conspiracy in loan sanctioning.”

In another example cited in the notice, the company states that of the Rs 100 crore loan to Prism International Private Limited, a unit of Gateway Distriparks Group, Rs 82.5 crore was transferred into the account of a director of the borrower company, Prem Kishan Gupta. In fact, Gupta is the chairman and MD of Gateway Distriparks.

In another case, of the loan of Rs 28.99 crore to Bay Capital’s Indus Equicap Consultancy, Rs 2.95 crore was transferred to personal account of Siddharth Dinesh Mehta who was both a director of the borrower company and also a director in IL&FS group company IEDCL.

Another notice states that that of the loan of Rs 515.5 crore given to Flemingo Geowork’s Infra Projects Pvt Ltd, Rs 8.81 crore was transferred into the account of Viren Ahuja, the promoter of the borrower company. The directors have also been charged with extending loans for “criminal intent and falsification of repayment” by a number of borrowers.

The IL&FS management has, in its notice, flagged irregularities and misconduct in transactions in excess of Rs 7,100 crore during the five-year period ending September 2018.

Tata Altroz EV Unveiled By Ratan Tata At The Geneva International Motor Show 2019

Tata Altroz Electric Vehicle (EV) was showcased at Geneva International Motor Show 2019 on Tuesday. The unveiling of the Altroz was done by Ratan Tata. Two versions of the model are currently available, the first one as a production ready car with petrol / diesel engine and the other one as an EV, which is a concept. The Tata Altroz EV will the first of its kind in premium hatchback segment in India. 

There is no official word out on the launch timeline, but rumours suggest Tata could launch the Altroz electric later next year. In 2019, they will launch the petrol and diesel version of the Altroz.

New Tata Altroz EV is seen in an electric blue exterior paint finish, the same shade was used in a lot of teasers in the past few days. In the front you have LED headlamps, which sit below the grille. The grille is finished in metallic paint, and seems to have an LED running across the width of the car. Alloys are machine cut dual tone 16 inch, Interiors are done in white. Expect the car to have a real world driving range of 150 to 200 kms.

Altroz is the first Tata car to be based on new ALFA (Agile Light Flexible Advanced) Architecture. ALFA is a highly flexible platform and it is set to spawn a range of urban vehicles. ALFA Arc is scalable and it can be tweaked to accommodate multiple body styles such as compact SUV, coupe, hatchback, etc. It also supports multiple powertrains including hybrid and electric. ALFA optimizes cabin space and there’s plenty of room in the boot as well.

This means, that apart from full electric, Tata could also launch Altroz as a hybrid option in the future. Hybrid Altroz could help allay fears that people usually have about getting stranded when the battery runs out of their fully electric vehicle. It would be a good option till the time proper EV infrastructure is developed in the country. Govt of India has just announced phase 2 of Fame scheme, which will give subsidy of Rs 10,000 crores to EV buyers in India. Electric and hybrid car buyers can get subsidy of up to Rs 2.5 lakhs. This scheme will definitely help push EV and hybrid car sales in India.

Just like Harrier, Tata Altroz has utilized IMPACT 2.0 design. Altroz has a sporty, aerodynamic profile with key features such as sweptback projector headlamps with dual function LED DRLs (also work as turn indicators), chrome lip / Humanity Line, rising window line and sculpted shoulders. Rear door handles on Altroz are positioned on the C-Pillar. At the rear, Altroz has protruding LED tail lamps, stylish tailgate and chrome finisher.

Interiors are in line with its exterior body language. Altroz EV has sporty interiors. There is adequate space on the inside and various high-end features such as a large touchscreen infotainment system. A semi-digital instrument cluster and T-shaped central console. It will also have electric parking brake. It also gets Jaguar Land Rover style gear knob.

At the Geneva Show today, Tata also revealed Altroz with petrol and diesel engine option, Buzzard SUV based on Harrier and H2X Hornbill mini SUV to sit below Nexon at the same show.More details will be revealed later today, when Altroz and Altroz EV officially debuts along with H7X  and Hornbill. 

Yes Bank: RBI Has Slapped ₹1 Crore Fine For Non- Compliance In Swift Messaging Software

Reserve Bank of India (RBI) has reportedly slapped a ₹1 crore fine on the private sector lender Yes Bank for non- complaince of directions on Swift messaging software, said Yes Bank on Tuesday. 

“The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing.

Swift is the global messaging software used for transactions by the financial entities.

Notably, the massive Rs 14,000 crore fraud at the Punjab National Bank (PNB)  was a case of misuse of this messaging software.

Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions.

On Monday, RBI had imposed a total monetary fine of Rs 8 crore on three banks – Karnataka Bank, United Bank of India and Karur Vysya Bank – for non-compliance of directions on Swift messaging software.

Earlier on Saturday, four banks — SBI, Union Bank of India, Dena Bank and IDBI — had informed exchanges about monetary penalty slapped on them by the regulator for non-compliance with various directions.

Fine of Rs 3 crore was imposed on Union Bank, Rs 2 crore on Dena Bank, and Rs 1 crore each on IDBI and the SBI.