Blog Posts by Simplus Information Services

  • This is a developing news story. Please check back for updates.

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    More From CNBC
  • Nifty falls below 200-day moving average

    MUMBAI (Reuters) - The Nifty fell below its 200-day moving average for the first time in nearly 15 months, led by declines in blue-chip stocks on continued worries about retrospective taxes and lower-than-expected January-March earnings so far.

    The 50-share Nifty declined as much as 0.76 percent to break its 200-day moving average of 8,254.17 for the first time since Feb. 6, 2014, on Monday.

    The BSE Sensex also fell as much as 0.6 percent.

    Both the indexes are also heading towards their lowest close since Jan. 8 2015 and their eighth day of falls in nine.

    (Reporting by Abhishek Vishnoi; Editing by Anand Basu)

  • “Our goal is simple- to craft global business leaders for the 21st century. We are young, modern, and ranked among the very best business schools in the world.” According to Professor Christopher Abraham, head of S. P. Jain School of Global Management's Dubai Campus and Senior Vice-President, Institutional Development, his school’s MBA programs focus on “a holistic approach to business education,” which it has branded as (and copyrighted as) Business Education 2.0. “While we believe concepts and knowledge are mandatory, equal emphasis is given to global intelligence and real-world skills,” he says. “For any entrepreneur or wannabe entrepreneur, this holistic offering gives them the required competence and confidence by equipping them with a practical toolkit that encompasses all the required functional and strategic skills, as well as the knowledge required for an entrepreneur.”

    Professor Christopher Abraham, head of S. P. Jain's Dubai Campus. Image credit: S. P. Jain
    Read More »from Educating Execs: S. P. Jain School of Global Management, Dubai, UAE
  • French Companies Take Lead on Worldwide Development of Next-Gen LTE Multicast

    Orange, Expway, Sequans, Telecom Paristech, Sagemcom, Viaccess-Orca and Archos join forces on 5M$ project expected to usher in a new era of innovation

    PARIS--(BUSINESS WIRE)--

    April 27, 2015, a consortium of French companies has positioned itself on cutting edge worldwide 4G developments by designing a next generation eMBMS (evolved Multimedia Broadcast Multicast Services) terminal solution. This collaboration will result in widening the capabilities of eMBMS, sparking a new era of innovation in LTE Multicast deployments across the globe.

    This project, costing more than US $5 million, involves the collaboration of Orange through its subsidiary Viaccess-Orca, Expway, Sequans, Telecom ParisTech, Sagemcom and Archos. These companies will join their expertise as telecom operators, DRM providers, software developers, research lab, chipset and device manufacturers, covering the full value chain.

    “The objective of this project is to go way beyond what is already deployed in the marketplace today. All the players are already

    Read More »from French Companies Take Lead on Worldwide Development of Next-Gen LTE Multicast
    Contact:
    Media relations:
    Yen Hoang, from Expway (USA), +1-408-501-8816
    press@expway.com
  • “The beautiful thing about Qatar is that it’s a country to get your entrepreneurial juices flowing. Many people come up with great ideas and looking to collaborate, I formed HUG as a holding company to place all the different ventures I partner or invest,” says Khalifa Saleh Al Haroon. In 2008, Al Haroon launched Haroon United Group (HUG) and the popular I Love Qatar network. Despite having numerous distinctions and awards under his belt, this serial ‘trep is convinced that he can do more, both for his company’s brand proliferation and portfolio diversity. At present HUG owns shares in a variety of different business sectors– including Qatar National Occupational Safety and Health Center, HUG Properties, Global Food Concepts (which focuses on F&B concepts), Shake SHAKE (a healthy fast food brand), King Koil, Carrot Social, and Creative Space to name a few. The I Love Qatar network is a group of websites such as Qatar News, Qatar Events and Dine Out Doha. “The I Love

    Read More »from Your Ambitions Need To Be Front and Center: Serial Entrepreneur Khalifa Saleh Al Haroon Really Does Love Qatar
  • New Delhi, Apr. 27 (ANI): The Goods and Services Tax or GST has been listed for consideration and passage in Lok Sabha on Monday.

    The Congress party and some of it allies had last week walked out of the Lok Sabha as Speaker Sumitra Mahajan overruled their request to send the bill to the parliament committee for further discussion.

    Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as two percentage points to economic growth in Asia's third-largest economy.

    Union Finance Minister, Arun Jaitley, said the GST would streamline taxation system in the country which would further boost economic activities.

    However, the measure has been delayed for years due to a lack of political consensus. Some of the states were reluctant to give their assent for fear of revenue losses.

    Jaitley brokered a compromise, offering to compensate the states for any loss of revenues following the implementation of the GST.

    The government aims

    Read More »from GST Bill: Lok Sabha to take up discussion today
  • Clinton Foundation admits missteps in donor disclosure

    Acting CEO acknowledges missteps in donor disclosure, reaffirms commitment to transparency

    WASHINGTON (AP) -- The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential campaign.

    In a blog posting Sunday, Maura Pally defended the foundation's work and reaffirmed its commitment to transparency, describing its policies on donor disclosure and contributions from foreign governments as "stronger than ever."

    Still, Pally said the foundation expected to refile some of its tax forms, following a voluntary external review, because it had "mistakenly combined" government grants with other donations. She said the foundation would "remedy" any errors but stressed the total revenue was reported accurately and that grants were properly broken out on audited statements on its website.

    "Yes, we made mistakes, as many organizations of our size do, but we are acting

    Read More »from Clinton Foundation admits missteps in donor disclosure
  • LPG subsidy: Make choice opting in, not opting out

    It was believed that Finance Minister Arun Jaitley would withdraw the LPG (liquefied petroleum gas) subsidy for those who fall in the 30-percent tax bracket. However, this budget included no such measure. Thereafter, Prime Minister Narendra Modi has repeatedly called on people to "give it up" and join the "opt out of subsidy" scheme. While over 300,000 consumers have thus far enrolled in this scheme, this is a tiny fraction of the 150 million LPG users in the country.

    Using insights from research in behavioural economics could increase enrollment and thereby reduce the annual public expenditure on LPG subsidies, which is at present Rs.20,000 crore ($3 billion).

    Though a rational individual is unlikely to give up an optional subsidy, it is well known that human decision-making is influenced by factors such as social preferences, belongingness, desire for status, and biases. This scheme appeals to social preferences and belongingness by inviting citizens to show "care and concern

    Read More »from LPG subsidy: Make choice opting in, not opting out
  • Mumbai, April 27 (IANS) A key Indian equities market index opened higher on Monday, after slipping into a four-and-a-half month low the week before, but the green run was short-lived, and it fell into the negative zone within 20 minutes of trading.

    The sensitive index (Sensex) of the Bombay Stock Exchange opened at 27,565 points, against the previous close at 27,437.94 points.

    But the slide began soon after and it slipped to 27,410.70 points, down 27.24 points, or 0.10 percent, over the previous close.

    At the National Stock Exchange (NSE), the broader Nifty was ruling at 8,287.05 points, down 18.20 points, or 0.22 percent.

    --Indo--Asian News Service

    ap/pku

  • China stocks soared to multi-year highs on Monday while caution over upcoming central bank meetings weighed on the rest of Asian indices.

    "What's happening in the China market right now is retail money moving back into stocks after a long 5-6 year bear market. With yields going down from deposits to wealth management products and the property market not jumping back, retail investors have nowhere else to go except stocks," said Stephen Sheung, Head of Investment Strategy at SHK Private.

    The U.S. Federal Reserve begins a two-day policy meeting on Tuesday while the Bank of Japan is due out with its monetary policy decision on Thursday.

    Read More Week ahead: Japan data dump, rate decision loom

    Gains on Wall Street last week also helped to boost sentiment in Asia. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) both closed at record highs on Friday following tech third-quarter earnings reports. Among big movers, Microsoft (MSFT) rallied 10 percent after posting earnings

    Read More »from China stocks hit multi-year highs; rest of Asia mixed

Blog Posts by Simplus Information Services

  • This is a developing news story. Please check back for updates.

    Follow us on Twitter: @CNBCWorld



    More From CNBC
  • Nifty falls below 200-day moving average

    MUMBAI (Reuters) - The Nifty fell below its 200-day moving average for the first time in nearly 15 months, led by declines in blue-chip stocks on continued worries about retrospective taxes and lower-than-expected January-March earnings so far.

    The 50-share Nifty declined as much as 0.76 percent to break its 200-day moving average of 8,254.17 for the first time since Feb. 6, 2014, on Monday.

    The BSE Sensex also fell as much as 0.6 percent.

    Both the indexes are also heading towards their lowest close since Jan. 8 2015 and their eighth day of falls in nine.

    (Reporting by Abhishek Vishnoi; Editing by Anand Basu)

  • “Our goal is simple- to craft global business leaders for the 21st century. We are young, modern, and ranked among the very best business schools in the world.” According to Professor Christopher Abraham, head of S. P. Jain School of Global Management's Dubai Campus and Senior Vice-President, Institutional Development, his school’s MBA programs focus on “a holistic approach to business education,” which it has branded as (and copyrighted as) Business Education 2.0. “While we believe concepts and knowledge are mandatory, equal emphasis is given to global intelligence and real-world skills,” he says. “For any entrepreneur or wannabe entrepreneur, this holistic offering gives them the required competence and confidence by equipping them with a practical toolkit that encompasses all the required functional and strategic skills, as well as the knowledge required for an entrepreneur.”

    Professor Christopher Abraham, head of S. P. Jain's Dubai Campus. Image credit: S. P. Jain
    Read More »from Educating Execs: S. P. Jain School of Global Management, Dubai, UAE
  • French Companies Take Lead on Worldwide Development of Next-Gen LTE Multicast

    Orange, Expway, Sequans, Telecom Paristech, Sagemcom, Viaccess-Orca and Archos join forces on 5M$ project expected to usher in a new era of innovation

    PARIS--(BUSINESS WIRE)--

    April 27, 2015, a consortium of French companies has positioned itself on cutting edge worldwide 4G developments by designing a next generation eMBMS (evolved Multimedia Broadcast Multicast Services) terminal solution. This collaboration will result in widening the capabilities of eMBMS, sparking a new era of innovation in LTE Multicast deployments across the globe.

    This project, costing more than US $5 million, involves the collaboration of Orange through its subsidiary Viaccess-Orca, Expway, Sequans, Telecom ParisTech, Sagemcom and Archos. These companies will join their expertise as telecom operators, DRM providers, software developers, research lab, chipset and device manufacturers, covering the full value chain.

    “The objective of this project is to go way beyond what is already deployed in the marketplace today. All the players are already

    Read More »from French Companies Take Lead on Worldwide Development of Next-Gen LTE Multicast
    Contact:
    Media relations:
    Yen Hoang, from Expway (USA), +1-408-501-8816
    press@expway.com
  • “The beautiful thing about Qatar is that it’s a country to get your entrepreneurial juices flowing. Many people come up with great ideas and looking to collaborate, I formed HUG as a holding company to place all the different ventures I partner or invest,” says Khalifa Saleh Al Haroon. In 2008, Al Haroon launched Haroon United Group (HUG) and the popular I Love Qatar network. Despite having numerous distinctions and awards under his belt, this serial ‘trep is convinced that he can do more, both for his company’s brand proliferation and portfolio diversity. At present HUG owns shares in a variety of different business sectors– including Qatar National Occupational Safety and Health Center, HUG Properties, Global Food Concepts (which focuses on F&B concepts), Shake SHAKE (a healthy fast food brand), King Koil, Carrot Social, and Creative Space to name a few. The I Love Qatar network is a group of websites such as Qatar News, Qatar Events and Dine Out Doha. “The I Love

    Read More »from Your Ambitions Need To Be Front and Center: Serial Entrepreneur Khalifa Saleh Al Haroon Really Does Love Qatar
  • New Delhi, Apr. 27 (ANI): The Goods and Services Tax or GST has been listed for consideration and passage in Lok Sabha on Monday.

    The Congress party and some of it allies had last week walked out of the Lok Sabha as Speaker Sumitra Mahajan overruled their request to send the bill to the parliament committee for further discussion.

    Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as two percentage points to economic growth in Asia's third-largest economy.

    Union Finance Minister, Arun Jaitley, said the GST would streamline taxation system in the country which would further boost economic activities.

    However, the measure has been delayed for years due to a lack of political consensus. Some of the states were reluctant to give their assent for fear of revenue losses.

    Jaitley brokered a compromise, offering to compensate the states for any loss of revenues following the implementation of the GST.

    The government aims

    Read More »from GST Bill: Lok Sabha to take up discussion today
  • Clinton Foundation admits missteps in donor disclosure

    Acting CEO acknowledges missteps in donor disclosure, reaffirms commitment to transparency

    WASHINGTON (AP) -- The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential campaign.

    In a blog posting Sunday, Maura Pally defended the foundation's work and reaffirmed its commitment to transparency, describing its policies on donor disclosure and contributions from foreign governments as "stronger than ever."

    Still, Pally said the foundation expected to refile some of its tax forms, following a voluntary external review, because it had "mistakenly combined" government grants with other donations. She said the foundation would "remedy" any errors but stressed the total revenue was reported accurately and that grants were properly broken out on audited statements on its website.

    "Yes, we made mistakes, as many organizations of our size do, but we are acting

    Read More »from Clinton Foundation admits missteps in donor disclosure
  • LPG subsidy: Make choice opting in, not opting out

    It was believed that Finance Minister Arun Jaitley would withdraw the LPG (liquefied petroleum gas) subsidy for those who fall in the 30-percent tax bracket. However, this budget included no such measure. Thereafter, Prime Minister Narendra Modi has repeatedly called on people to "give it up" and join the "opt out of subsidy" scheme. While over 300,000 consumers have thus far enrolled in this scheme, this is a tiny fraction of the 150 million LPG users in the country.

    Using insights from research in behavioural economics could increase enrollment and thereby reduce the annual public expenditure on LPG subsidies, which is at present Rs.20,000 crore ($3 billion).

    Though a rational individual is unlikely to give up an optional subsidy, it is well known that human decision-making is influenced by factors such as social preferences, belongingness, desire for status, and biases. This scheme appeals to social preferences and belongingness by inviting citizens to show "care and concern

    Read More »from LPG subsidy: Make choice opting in, not opting out
  • Mumbai, April 27 (IANS) A key Indian equities market index opened higher on Monday, after slipping into a four-and-a-half month low the week before, but the green run was short-lived, and it fell into the negative zone within 20 minutes of trading.

    The sensitive index (Sensex) of the Bombay Stock Exchange opened at 27,565 points, against the previous close at 27,437.94 points.

    But the slide began soon after and it slipped to 27,410.70 points, down 27.24 points, or 0.10 percent, over the previous close.

    At the National Stock Exchange (NSE), the broader Nifty was ruling at 8,287.05 points, down 18.20 points, or 0.22 percent.

    --Indo--Asian News Service

    ap/pku

  • China stocks soared to multi-year highs on Monday while caution over upcoming central bank meetings weighed on the rest of Asian indices.

    "What's happening in the China market right now is retail money moving back into stocks after a long 5-6 year bear market. With yields going down from deposits to wealth management products and the property market not jumping back, retail investors have nowhere else to go except stocks," said Stephen Sheung, Head of Investment Strategy at SHK Private.

    The U.S. Federal Reserve begins a two-day policy meeting on Tuesday while the Bank of Japan is due out with its monetary policy decision on Thursday.

    Read More Week ahead: Japan data dump, rate decision loom

    Gains on Wall Street last week also helped to boost sentiment in Asia. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) both closed at record highs on Friday following tech third-quarter earnings reports. Among big movers, Microsoft (MSFT) rallied 10 percent after posting earnings

    Read More »from China stocks hit multi-year highs; rest of Asia mixed

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