News Digest: More trouble for Hardik, his close aide now approver

		THE TIMES OF INDIA
		Saturday, September 02, 2017
		Today's Headlines

		India
		More trouble for Hardik, his close aide now approver Ken Juster nominated US Ambassador to India The widely expected appointment is subject to Senate confirmation, but Juster is expected to sail through given his long service in government and expertise on India. Juster most recently served as the Deputy Assistant to the President for International Economic Affairs and Deputy Director of the National Economic Council. HC extends Haryana Jat quota freeze More India News»

		Business
		RBI has directed resolution of 12 accounts by December: Axis Bank In a regulatory filing, the private sector lender said it has a total exposure of Rs 2,492 crore in these 12 accounts. Of this, total fund based outstanding of the bank was Rs 1,843 crore and non-fund based outstanding was Rs 649 crore. Sensex, Nifty finish on positive note at the end of choppy week The 30-share BSE Sensex gained 161.74 points to close on 31,892.23 while the 50-share NSE Nifty went up by 56.50 points to close on 9,974.40. The market successfully saw off another meltdown scare after government data showed that India's GDP has slowed down to a 3-year low in first quarter of 2017. Rajiv Kumar takes charge as Niti Aayog vice-chairman Kumar replaced Arvind Panagariya, an Indian-American economist who left the think tank yesterday to return to academia. Kumar was a senior fellow at the Centre for Policy Research (CPR). He holds a DPhil in economics from Oxford and a PhD from Lucknow University. More Business News»

		Environment
		Not even desert safe from wildfire threat in West Not even the desert is safe from the threat of wildfires across parts of the West where crews are battling wildland blazes in triple-digit heat. Fulfil climate vows: India to rich nations India’s consistent stand on the issue was articulated by environment minister Harsh Vardhan who said though India was fully committed to its climate actions under the Paris deal, it was “critical and necessary that equal focus is given to pre-2020 actions by developed countries” under Kyoto Protocol. Multi-drug resistant bacteria proliferating through poultry waste More Environment News»

		World
		US-Russia ties battered by new row over diplomats Russia and the United States were locked in a fresh diplomatic slugging match on Friday after Washington ordered the closure of Moscow's San Francisco consulate and two other facilities. 93-year-old donates $22 mn to Cologne Zoo Kenya court cancels presidential election results More World News»

		Entertainment
		Celebs who visited Kapil's show multiple times Here we put together a list of a few celebs who graced the show more than once. SRK's wife shares unseen pic of son Aryan The famed designer shared the candid picture "without his permission" and playfully expressed her worry about it getting her "fired". Preity shares a rare throwback pic with Saif Preity shared a throwback Thursday picture on her Instagram with Saif. She shared a photo shoot click from her 'Kya Kehna' days More Entertainment News»

		Science
		World's biggest X-ray goes into operation in Germany The world's most powerful X-ray project generates extremely intense laser flashes, at a mind-boggling rate of 27,000 per second, inside a 3.4-kilometre (2.1-mile) tunnel below the northern city of Hamburg. Asthma drug may cut Parkinson's risk by half Researchers have found that a type of asthma drug may halve a patient's risk of developing Parkinson's disease, a chronic disease with unknown causes. How NASA is aiding response to hurricane Harvey NASA has said it is providing technical assistance and scientific expertise to help respond to hurricane Harvey which has been a disaster of unprecedented proportions for those who live and work in southeast Texas. More Science News»

		Sports
		Mahendra Singh Dhoni is not even half finished yet: Ravi Shastri Head coach Ravi Shastri said that the India is set on the path of experimentation and rotation ahead of the 2019 World Cup but the 36-year-old former captain Mahendra Singh Dhoni remains firmly in their plans. UEFA opens Financial Fair Play investigation into PSG PSG signed Brazilian striker Neymar for a world-record 222 million euros ($264 million) on August 3 and completed a loan move for Kylian Mbappe on Thursday in a deal that includes an option to buy the French teenager for 180 million euros. Narsingh Yadav hopes CBI enquiry will clear his tainted name Narsingh Yadav, who was preferred over two-time Olympic medalist Sushil Kumar as the country's quota entry for Rio in the 74-kg class after he secured it in Las Vegas in 2015, was thrown out of the Games a day before his opening bout by the Court of Arbitration for Sport. More Sports News»

		Technology
		IFA 2017: Lenovo unveils Yoga 920, Yoga 720 and Miix 520 Windows 2-in-1 devices Chinese smartphone maker Lenovo launched its latest convertible laptops and 2-in-1 at the ongoing trade show IFA 2017 in Berlin today. Here's your chance to get minimum Rs 2,000 'discount' on OnePlus smartphones Chinese smartphone maker OnePlus has completed 1,000 days of its operations in India. Micromax Canvas Infinity to go on sale on Amazon today Indian smartphone maker Micromax launched its Canvas infinity smartphone in India recently at Rs 9,999. The smartphone will go on sale today (September 1) on Amazon at 2 p.m. More Technology News»

		Education
		NCERT plans pre-school model Making the announcement during the 57th Foundation Day celebrations on Friday, NCERT director Hrushikesh Senapaty said a district-level national achievement survey involving more than 30 lakh children, a first of its kind, would be conducted on November 13. New premises of Unesco inaugurated in Delhi IIT Ropar professor Bags NASI-Young Scientist Platinum Jubilee Award Dr Durba Pal, Assistant Professor, Department of Biomedical Engineering from Indian Institute of Technology Ropar, has been awarded the prestigious Young Scientist Platinum Jubilee Award 2017 by The National Academy of Sciences India (NASI) for her work on ‘Role of Fetuin-A in lipid induced insulin resistance’. More Education News»

		Mumbai
		Son of murdered cop gets job in force On Gauri visarjan, noise levels over 90dB even near hospitals HC stays information panel's order on query over judges' flats More Mumbai News»

		Delhi
		Left-backed front wins DU Teachers' Association polls for 4th time MLA's charge of ill-treatment baseless, says LG office 26 lakh students to be trained in checking mosquito breeding More Delhi News»

		Bangalore
		Woman kills daughters, ends life over finance troubles Goats, sheep costlier this Bakrid; demand dips MLA denies he abused party workers More Bangalore News»

		Hyderabad
		When Musi river had a 12-feet waterfall falling like a chadar... Karnataka Minister Eswar Khandra's missing nephew traced in Hyderabad The three kids who went missing in Bidar on Thursday were surprisingly traced near Andhra Bank,Koti, in the wee hours of Friday. Karnataka agrees to release 7 tmc ft water to Telangana More Hyderabad News»

		Chennai
		Centuries-old hero stones found in Yelagiri foothills Where's the helmet? With tees,cops make violators plug rule Cheers! TN allows reopening of bars in hotels, clubs More Chennai News»

		Ahmedabad
		Vanishing vultures: Paper calls for ban on diclofenac HC admits pleas seeking action against Mohan Jha PAAS seeks permission to meet President Kovind More Ahmedabad News»

		Allahabad
		Allahabad's major shopping complexes lack firefighting systems Indira Bhawan, Sangam Place at Civil Lines and Nehru Complex at Ghantaghar, the three prominent shopping complexes and business establishments, lack fire-fighting arrangements. Allahabadis gets dancing tips from wedding choreographers The wedding season is slated to begin from November. Learning dance steps from choreographers for the special occasion seems to be latest fad in the city. IIIT-A to organise rock concert Joining the country in a nationwide celebrations of 70 years of Independence along with the 75 years of Quit India movement, the Indian Institute of Information Technology, Allahabad would be organizing a rock concert - Yeh India Ka Time Hai on September 1, at 6:00 pm in the main auditorium. More Allahabad News»

		Bhubaneswar
		RD University candidates clean campus premises as part of poll campaign Seven killed in lightning across Orissa At least seven persons were killed and several others injured on Friday in separate lightning strikes in the state. Ramadevi University candidates clean campus premises as part of poll campaign Poll fever gripped the Ramadevi Women’s University, state’s first women’s university, as the candidates contesting Students’ Union polls have intensified their campaigns by adopting different techniques. More Bhubaneswar News»

		Bhopal
		MANIT fishes in troubled waters Official nabbed for seeking bribe on GST threat Tribal youths to guard mines in Madhya Pradesh, says CM The Madhya Pradesh government will launch a special police recruitment drive for tribal youth belonging to Sahariya, Bhariya and Baiga communities More Bhopal News»

		Chandigarh
		Hunt on for Dera moles in police Dera chief's daughter Honeypreet Insan was trying to free him: Police Governor releases Sumita Misra's Petrichor, a poetic collection More Chandigarh News»

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15 mutual funds that beat Mr Market in last 12 months

THE ECONOMIC TIMES Fri, Sep 01, 2017 | 06:33 AM IST ET Investment Opportunities

NOT TO MISS #Stocks In News,#Recos,#Expert Views,#IPOs,#Commodities

15 mutual funds that beat Mr Market in last 12 months Inflows to MFs through SIPs grew to Rs 5,000 cr a month from Rs 3,500 cr a year back. Lucky 13! These largecaps surged up to 265% in 2 years; still good buys Rising metal prices in global markets have supported stocks of metal producers. Jhunjhunwala is making a killing with contra bets; portfolio stocks up 200% Several of Jhunjhunwala's portfolio stocks have hit the bull's eye this year. Rs 30 lakh crore assets, all your money, earn far less because of stiff norms  A regulatory-compliant portfolio may not always be able to deliver desired returns.

Advertorial Planning to buy a car? Here's how much it can cost you post GST Like most sectors, the Goods and Services Tax (GST) is being levied on the automobile sector, and this could change how you buy a car. Advertorial What you must know about HRA and how to ensure it is not rejected HRA is a popular way for salaried individuals to save on taxes. But there are certain dos and don'ts you must ensure to prevent your claim from being rejected.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth -0.37 16.33 22.04 17.39 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 0.99 17.23 23.00 17.33 Invesco India Growth Fund Direct-Growth -0.06 18.40 20.40 16.96 Mirae Asset India Opportunities Fund Regular- Growth -0.42 15.91 21.15 16.46 SBI Bluechip Direct Plan-Growth -0.18 13.71 14.48 16.18 FeaturedDSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ -0.09 7.50 9.22 10.28 Start SIP

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IPO WATCH: Dixon Tech sets price range for up to Rs 600 crore issue next week  The IPO will be open for public subscription during September 6-8. This firm likely in RBI's list of 40 defaulters has plunged 82% in 2017 Videocon hogged limelight in May 2017 after Dena Bank declared it as non-performing asset. Up to 120% return in 6 months; yet MFs have offloaded these stocks Several domestic MFs stuck their neck out and offloaded many midcap and smallcap stocks. PAATHSHALA: Why you should appoint a nominee for your MF scheme  Nomination facility is mandatory for new folios accounts opened by individuals, especially with single holdings.

7,000% return in 17 years; this stock has just got a booster dose In last 10 years, the company has clocked more than 35 per cent RoCE year after year. NSE rejigs indices: Here is the complete list The replacements will also be applicable to Nifty 50 Equal Weight Index.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   A & M Febcon Ltd. 18.00 01-09-2017 06-09-2017 Dhruv Wellness Ltd. 20.00 31-08-2017 04-09-2017 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Fund - Series XXVII - VII (1104 Days) Reg-G Debt: FMP Closed-end 23 Aug 2017 06 Sep 2017 5,000 UTI Fixed Term Income Fund - Series XXVII - VII (1104 Days) Reg-DY Debt: FMP Closed-end 23 Aug 2017 06 Sep 2017 5,000 UTI Fixed Term Income Fund - Series XXVII - VII (1104 Days) Reg-DQ Debt: FMP Closed-end 23 Aug 2017 06 Sep 2017 5,000 UTI Fixed Term Income Fund - Series XXVII - VII (1104 Days) Direct-G Debt: FMP Closed-end 23 Aug 2017 06 Sep 2017 5,000 UTI Fixed Term Income Fund - Series XXVII - VII (1104 Days) Reg-Flexi D Debt: FMP Closed-end 23 Aug 2017 06 Sep 2017 5,000 More >>

Real Estate News

How will GST be computed for under-construction properties Post GST, home buyers are baffled as to how they would pay taxes because service tax and VAT were no longer relevant in the present scheme of things.

DLF expects GIC rental arm deal to be concluded by November DLF is expected to see promoters infusing this money, net of taxes, into the company by December-end for its proposed debt reduction plan.

Noida Authority tweaks rules for faster flat delivery The latest formula makes a developer eligible for temporary completion certificates even if it has only paid 10% of the total land cost for a project.

Jaypee ready to hand over 25 apartments The handovers, by the insolvency resolution professional (IRP) appointed for the company, are part of a bigger exercise to give possession of 671 flats over the next 45 days or so.

Delhi-NCR leads office leasing in Asia-Pacific Apart from Delhi-NCR, Bengaluru also came ahead of other active regional markets, including Guangzhou, Manila and Melbourne, showed a JLL India report.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Reg-G Equity: Tax Planning Closed-end 23 Jun 2017 22 Sep 2017 500 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Reg-D Equity: Tax Planning Closed-end 23 Jun 2017 22 Sep 2017 500 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct-G Equity: Tax Planning Closed-end 23 Jun 2017 22 Sep 2017 500 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct-D Equity: Tax Planning Closed-end 23 Jun 2017 22 Sep 2017 500 Union Capital Protection Oriented Fund Series 8 Direct-G Hybrid: Debt-oriented Conservative Closed-end 18 Aug 2017 01 Sep 2017 5,000 More >>

Views and Recommendations

Buy Canara Bank target Rs 362: Pritesh Mehta 31 August, 2017, 01:00 PM IST Buy Canara Bank at a price target of Rs 362 and a stoploss at Rs 330 from entry point. Buy Buy Cholamandalam Investment & Finance Company target Rs 1,240: Pritesh Mehta 31 August, 2017, 12:55 PM IST Buy Cholamandalam Investment & Finance Company at a price target of Rs 1,240 and a stoploss at Rs 1,160 from entry point. Buy Buy Adani Ports & Special Economic Zone target Rs 410: Pritesh Mehta 31 August, 2017, 12:51 PM IST Buy Adani Ports & Special Economic Zone at a price target of Rs 410 and a stoploss at Rs 382 from entry point. Buy Buy Apollo Tyres target Rs 265: Manas Jaiswal 31 August, 2017, 12:48 PM IST Buy Apollo Tyres at a price target of Rs 265 and a stoploss at Rs 248 from entry point. Buy

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