RCom: Will the monetisation plan work?

RCom has also talked about monetising its real estate but that is easier said than done

Anil-Ambani led Reliance Communications' offer to lenders to take control of the company by converting Rs 7,100 crore of its debt into a 51 per cent equity stake is perhaps the telecom major's best bet. If the latest rescue attempt goes through, lenders led by SBI will hold at least 51 per cent in the telco and promoters stake will be halved to around 26 per cent.

RCom has said it will get about Rs 17,000 crore by monetising its assets. The plan includes selling its tower business, fibre network, and media convergence nodes and it will estimates another Rs 10,000 crore through real estate sales in eight cities. Post debt monetisation, the company said it would have only Rs 6,000 crore of debt left. Moreover, another Rs 4,000 crore taken from unsecured creditors like Ericsson needs to be negotiated with.

So how prudent is this monetisation plan?*

Under its earlier plan, RCom had said it would cut its debt by half by December through a merger with Aircel and sale of majority stake in its tower business to Canada-based investment firm Brookfield Infrastructure for Rs 11,000 crore, valuing the business at Rs 20,000 crore. However, now that the Aircel deal is off and RCom shutting down its 2G business, which constitutes for a bulk of its subscribers, the deal valuation is likely to be revised downwards. In essence, the telecom tower deal is subject to a new valuation given that Aircel’s tenancies will not be included in the deal anymore. Moreover, RCom now runs the risk of losing at least half of its 2G subscribers.

Also Read : New Year disruption plan: Now, Reliance Jio moves to broadband, TV space

Analysts say that even if RCom sells the entire 100 per cent stake in its 43,600 tower assets to Brookfield it will not fetch them more than Rs 8,000 crore.

RCom is hoping that it will be able to rake in Rs 14,000 crore from its spectrum sale though the value of the spectrum is Rs 26,000 crore, which includes spectrum it got from the merger of MTS. However, analysts are of the view that there is already a huge oversupply of spectrum, and that the paper price might not be reflected in reality. RCom may also not find many takers for its spectrum given how things went down with Telenor and TTSL which gave their spectrum virtually free to Bharti Airtel. (more)

iPhone X debut: Will slow supply dampen Apple's hopes in India?

iPhone X, which marks the 10th anniversary of the device, costs Rs 89,000 for a 64 GB model

After facing a lacklustre response to iPhone 8 and iPhone 8 Plus globally, including in India, Apple has now placed its bet on successful delivery of "super premium" iPhone Xthat aims for a scheduled arrival on November 3.

In the past few days, several media reports have claimed that Apple is facing a huge supply gap primarily for two reasons: difficulties in assembling the new facial identification software and 3D camera, and "off the charts" pre-orders for iPhone X after the Apple fraternity didn't make the expected beeline for iPhone 8 and 8 Plus.

The scenario suggests that people will have to wait long before they can grab an iPhone X. Analysts have already warned that the stock on hand is scarce, owing to constrained supply of key iPhone X components. The advanced depth-sensing camera system in iPhone X requires parts that only a few manufacturers can produce.

The iPhone X, which marks the 10th anniversary of the device, costs Rs 89,000 for a 64 GB model and Rs 1.02 lakh for the 256 GB variant.

According to Tarun Pathak, Associate Director, Mobile Devices and Ecosystems, Counterpoint Research, supply issues will have three main implications for Apple.

"Either the demand for iPhone X will shift to subsequent quarters or some part of the demand will be absorbed by iPhone 8 series if supply is delayed for long. In both the cases, it won't have much impact on Apple as its user base will remain within the iOS ecosystem," Pathak told IANS.

However, there is another scenario - where an Android premium user who wishes to shift to iPhone X decides instead to upgrade within the Android ecosystem due to unavailability of iPhone X. (more)

Jio effect: Airtel partners with Celkon, offers 4G smartphone at Rs 1349

The 'Celkon Smart 4G' comes with a four inch touch screen, dual SIM slots and access to all popular apps like YouTube, WhatsApp and Facebook

India’s leading telecom operator Bharti Airtel on October 30 in partnership with Celkon launched a 4G Android smartphone for Rs 1,349. The phone comes bundled with Airtel's Rs 169 offer plan, which provides unlimited calls, and 500 MB data per day for 28 days.

The partnership is part of Airtel’s ‘Mera Pehla Smartphone’ initiative, under which Airtel plans to collaborate with device manufacturers to launch smartphones at the price of a feature phone.

In terms of specifications, the Celkon Smart 4G smartphone sports a 4-inch screen, dual-SIM slots and FM radio. The Android powered 4G smartphone offers access to several apps on Google Play Store, including YouTube, Facebook and WhatsApp. The device will also come preloaded with apps from Airtel -- MyAirtel app, Wynk music and Airtel TV.

The phone comes bundled with Airtel Rs 169 offer plan, which provides unlimited calls, and 500 MB data per day for 28 days. Also, there is a cashback offer that entails to terms and conditions.

To avail a cashback offer, ancustomer needs to make a down payment of Rs 2,849 for the 4G smartphone and make 36 continuous monthly recharges of Rs 169. The customer will get a cash refund of Rs 500 after 18 months and another Rs 1,000 after 36 months, taking the total cash benefit to Rs 1500.

In case the customer does not wish to opt for the Rs 169 bundled plan, she/he has the flexibility of doing recharges of any denomination and validity as per individual requirements. However, to claim the cash refund benefit, recharges worth Rs 3,000 must be done within the first 18 months (to claim the first refund installment of Rs 500) and another Rs 3,000 over the next 18 months (to claim the second refund installment of Rs 1000). (more)

Kohli snatches ICC top spot from A B de Villiers, surpasses Sachin's points

Kohli scored 263 runs in the series and has reached 889 points, which is the best ever by an India batsman

Indian captain Virat Kohli on Monday returned to the top of the ICC ODI rankings for batsmen after logging career-high rating points, going past the iconic Sachin Tendulkar in the process.

Kohli has moved back to the top within 10 days of losing it to South Africa batsman AB de Villiers after the rankings were updated following India's 2-1 home series win over against New Zealand.

The 28-year-old Delhi batsman, who scored 263 runs in the series, has reached 889 points, which is the best ever by an India batsman.

"The previous highest points tally of 887 was managed by Sachin Tendulkar in 1998 and by Kohli earlier this year," the ICC said in a statement.

India opener Rohit Sharma's 174 runs in the series has seen him reach a career-high rating of 799 points, even though he remains in seventh position.

Former captain Mahendra Singh Dhoni has risen one place to 11th in the latest rankings.

The list for bowlers continues to be led by Pakistan pace bowler Hasan Ali while India fast bowler Jasprit Bumrah has reached a career-best third after finishing with six wickets in the series against New Zealand. (more)

Mumbai-Delhi Jet flight diverted to Ahmedabad over 'threat letter' found in plane's loo

The flight with 122 passengers, including seven crew, landed in a remote bay at the Ahmedabad airport and all passengers were disembarked and screened.

A Jet Airways Mumbai-New Delhi flight was diverted to Ahmedabad due to "security issues" after a letter warning about a hijack and bomb threat was discovered in the plane's toilet. The person who left the note has been identified.

The flight with 122 passengers, including seven crew, landed in a remote bay at the Ahmedabad airport and all passengers were disembarked and screened.

Civil Aviation Minister Ashok Gajapathi Raju in a tweet said: "I am informed that the person responsible for the Jet flight (9W-339) incident causing landing at Ahmedabad today morning has been identified."

"I am advising the airlines to put him on the 'No Fly List' immediately, in addition to other statutory criminal action," Raju said.

The Boeing 737-900 flight 9W-339 had departed from Mumbai around 2.55 a.m., and after diversion landed in Ahmedabad around 3.45 a.m.

The flight was finally cleared for take-off and left for New Delhi around 10.45 a.m., said an airlines spokesperson.

The pilot alerted Ahmedabad airport authorities about the threat letter after the plane took off. The letter was reported to be in Urdu and English.

The Jet Airways statement said the flight was diverted following "declaration of an emergency as per established security procedures, due to the detection of an onboard security threat".

OnePlus 5T's camera sample, price, specs & features leaked: Details here

The leaks suggest that the device would sport a bigger 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution, a dual 20 MP camera setup, and bigger battery than its predecessor

China-based smartphone maker OnePlus is reportedly working on the next iteration of its current year flagship. Dubbed as ‘OnePlus 5T’, the upcoming smartphone’s specifications, features, and price recently flashed in tech forums, third-party e-store and on social media channels.

Going by the purported report that confirms the existence of the 5T model, it is believed that the device would sport a bigger 6-inch Optic AMOLED screen in 18:9 aspect ratio format with FHD+ resolution. Just like other smartphones with ultra-wide screens, the OnePlus 5T is believed to sport a fingerprint scanner on the back that will allow the phone to accommodate a big screen on the front with small bezels.

Also Read : Dell launches XPS 15 notebook in India at Rs 1,17,990

Recently, an online technology information portal, Android Authority, released OnePlus 5T’s purported picture render that showed the phone from an angle revealing the almost similar build but with a new widescreen and no fingerprint scanner on the front.

The smartphone’s benchmark report on Antutu hints at the specification of the upcoming device. According to the benchmark report, the OnePlus 5T might not see major changes under the hood and is reported to run on the Qualcomm Snapdragon 835 processor, coupled with 8 GB RAM and 128 GB internal storage. However, the report also hints that the new phone would sport an upgraded dual camera set-up with 20 megapixel lenses powering both the sensors this time, instead of the 20+16 MP setup that was there in OnePlus 5. Also, with a 6-inch screen in 18:9 aspect ratio, the resolution will take a bump to FHD+ and the phone will house a bigger battery than its predecessor. (more)

Kerala love jihad: I'm going to die get me out, victim Hadiya pleads in video

An activist released a video where Hadiya is heard speaking

In a video, Kerala woman Akhila Ashokan, or Hadiya is heard pleading an activist to "get her out" of confinement as she fears that her father might kill her. The video was released by activist Rahul Eashwar. Hadiya, the woman at the centre of a religious conversion row is currently staying with her parents after a Kerala High Court order.

"Get me out of here. Today or tomorrow, I am going to die. I am sure about this. My father is getting angry, I can make out. He pushes me, stamps at me," says the 24-year-old Hadiya in the video recorded in August, NDTV reported.

Eshwar's version

After meeting the woman and her family in August, Eashwar had released one video excerpt of his conversation earlier and released another part this week. "While I am a Hindu activist, I believe Hadiya's voice must also be heard", Eashwar told NDTV. He added that he would be handing over the entire footage to the court.

ALSO READ: Kerala love jihad case: Give Hadiya state protection, activists tell CM

Father's version

"Nothing has happened to her so far... so there is no validity to her claims," the father told NDTV. "I don't have the time and need to see what Rahul Eashwar says," he added.

Activists' demand

Women's rights activists comprising academicians, authors, women's collectives and women's right advocates, have urged Kerala Chief Minister Pinarayi Vijayan as well as the State Commission for Women to extend state protection to Hadiya. The activists, including publisher Urvashi Butalia, DU professor Nandini Sundar, JNU professors Ayesha Kidwai and Nivedita Menon, and Suneeta Dhar among others, have sought that "Hadiya be brought under the protection of the state, perhaps in a shelter in consultation with her". (more)

IBPS 2018: Specialist Officer Exam Details. Steps To Apply

IBPS will be conducting the Common Written Examination for recruitment of Specialist Officer (SO).

IBPS or Institute of Banking Personnel Selection will be conducting the Common Written Examination for recruitment of Specialist Officer (SO). IBPS is a recruitment body that provides recruitment services and solutions to various public sector banks, associates banks, Co.op banks, regional rural banks, government departments, LIC, Insurance companies and more. Some of the banking examinations conducted by IBPS are biggest in India and the world in terms of number of candidates appearing for the same. IBPS has issued notification for recruitment of IT Officer (Scale - I), Agricultural Field Officer (Scale - I), Rajbhasha Adhikari (Scale - I), Law Officer (Scale - I), HR Officer (Scale - I) and Marketing Officer (Scale - I). The examination is conducted in two phases, the first being Prelims and candidates successful in the preliminary exam that attempt the main examination.

IBPS CWE Specialist Officer (SO) 2017-18 Available Posts

IBPS CWE SO 2017-18 Important Dates

IBPS CWE SO 2017-18 Eligibility Criteria

• I.T Officer (Scale I) - Candidates should be an Engineering degree holder in Computer science/Information Technology/electronics and telecommunication/computer application.
• Agricultural Field Officer (Scale I) - Candidates must have a degree in Agriculture/ Horticulture/Animal Husbandry/ Veterinary Science/ Dairy Science/Agro-Forestry.
• Rajbhasha Adhikari (Scale I) - Candidate should have completed PG in Hindi with English as a subject till degree college. Alternatively he should have completed PG with Sanskrit with Hindi and English as a subject till Degree College.
• Law Officer (Scale I) - Candidates must have a Bachelor Degree in Law. They also should be enrolled as an advocate with the Bar Council.
• HR/Personnel Officer (Scale I) - Candidate should have completed PG degree. Candidates with PGDMA in HR/ Personnel Management / Industrial Relations can also apply.
• Marketing Officer (Scale I) - Candidates must have completed their MBA /PGDBA with specialization in Marketing.

IBPS CWE SO 2017-18 Age Limit

Aspiring candidates must have completed the minimum age limit is 20 years and also shouldn’t be over the maximum age limit of 30 years. (more)

Heartbreak, anger in US' Richardson after Indian girl's death

The Richardson community in the US was mourning the death of Sherin Mathews, the three-year-old Indian girl whose foster father has claimed that she choked while drinking milk, with many people asking why he did not wake his nurse wife when the child was struggling to breathe.

Sherin, who had developmental issues and limited verbal communication skills, was confirmed dead by US police yesterday after over two weeks of investigation. She was missing since October 7.

Wesley Mathews, 37, the father of Sherin, told the police that his daughter choked while drinking milk and he removed her body from the house as he "believed she had died".

He was re-arrested and charged with first-degree felony injury to a child due to a conflicting statement to police.

The arrest came a day after the body of a small child was found in a culvert near their home in suburban Dallas.

While the cause of her death was still being probed, the community and neighbourhoods all across Texas are shocked, heartbroken, angry and mourning her death.

Wesley's wife Sini Mathews, who is a registered nurse and could have helped her, was reportedly sleeping in her room.

"All these lies, first punishing the girl and putting her under tree, later choking her in a garage at 3 AM for not drinking milk, does not add up. It is heartbreaking and shocking," said a teary-eyed resident Diana.

"It will be another story soon, when police will find the actual cause of the death," she said.

Another neighbour Barabaa Diamond Johnson asked why did not Wesley Mathews wake his nurse wife as Sherin Mathews choked to death, especially when she is a registered nurse at Children's hospital Dallas. (more)

Woman shot dead in front of husband, son in Delhi

A 30-year-old woman was shot dead here in the early hours of Wednesday in front of her husband and two-year-old son, police said.

Deputy Commissioner of Police Milind Mahadeo Dumbere told IANS the woman, Priya Mehra, was travelling in a car along with her husband and son when she was shot at around 4.30 a.m. in Shalimar Bagh in north-west Delhi.

Her husband told police he had borrowed money from someone and alleged the lender was behind the killing as he was unable to pay the amount back.

He had borrowed Rs 5 lakh in a high interest rate and as the debt grew into Rs 40 lakh, he was finding it difficult to pay back.

"There were four assailants in a car, according to the deceased's husband, and she was shot at twice," the police officer said.

Dumbere said no one has been arrested yet and the body has been sent to Babu Jagjivan Ram Memorial Hospital (BJRM) Hospital for autopsy.

The family was on the way to their house in Rohini from Kashmere Gate, when the woman was murdered.

Google Pixel 2 launch hit by display, pricing and shipping issues

Such issues prompted the company to open an investigation and issue multiple apologies to customers

The launch of Alphabet Inc's second-generation Google Pixel smartphones has been hampered by display screen problems and pricing and shipping issues, prompting the company to open an investigation and issue multiple apologies to customers.

The Pixel 2 and Google Pixel 2 XL, which start at $649 and debuted in stores on Thursday, are the lynchpin of Google's efforts to take on Apple Inc's

iPhone directly.

Early Pixel 2 users have voiced frustration with mishaps, including a potentially serious problem with the screen.

Google said on Sunday it is investigating whether graphics are burning into the display of the Google Pixel 2, following a report on the Android Central blog detailing the issue after a week of use. Burn-in, which usually becomes a problem only after several years of activity, can make it difficult to see information on the display.

Google likely would need to halt production if there is a problem, said Ryan Reith, a mobile device analyst at research firm IDC.

"We take all reports of issues very seriously, and our engineers investigate quickly," Mario Queiroz, Google's vice president for Pixel product management, said in an emailed statement to Reuters. "We will provide updates as soon as we have conclusive data."

The investigation follows Google's acknowledgement that it may introduce new software to respond to users' concern about a blue tint to the Pixel 2 XL's 6-inch screen. The device incorporates new OLED display technology, which Google described as offering "a more natural and accurate rendition of colours."

Reviewers and users in online support forums have also reported a clicking noise during calls and poor Bluetooth connections between the Pixel 2 and other devices. Google did not immediately comment on the issues. (more)

Taking on Jio: Now Vodafone to offer 4G smartphones for Rs 2,899

Vodafone has forged a partnership with Micromax, wherein customers can own a 4G smartphone for Rs 999

As the incumbent operators look to take on Reliance Jio and retain their customer base for feature phones, they are forging partnerships with handset makers so as to make smartphones affordable and within reach of a large section of society.

After Airtel, which has tied up with Karbonn to come out with a smartphone for an effective price of Rs 1,399, Vodafone has also forged a partnership with Micromax, wherein customers can own a 4G smartphone for Rs 999.

According to the Vodafone offer, existing and new Vodafone customers will have to buy the Micromax Bharat-2 Ultra smartphone by paying Rs 2,899 and if they recharge at least Rs 150 per month for 36 months, Rs 1,900 will be returned as cashback.

Also Read : Micromax launches budget smartphone

At the end of 18 months, users will receive a cashback of Rs 900 and after another 18 months, a cashback of Rs 1,000, in their Vodafone M-Pesa wallets. Vodafone has not provided a specific plan for the Micromax offer and people buying the device can recharge with existing offers of the company.

As the company is targeting feature phone users, who usually recharge with amounts starting at Rs 10, Vodafone has allowed the flexibility for users to choose recharges of any denomination but to avail the offer, a minimum of Rs 150 should be spent in a month, or Rs 2,700 in 18 months.

Avneesh Khosla, associate director — Consumer Business, Vodafone India, said, “Through our partnership with Micromax, we have democratised 4G smartphones at a price of under Rs 999. This will help fulfill the aspirations of several million phone users across the country who desire a smartphone but couldn’t afford one.”