The second half of 2011 will be “more or less a carbon copy of the first half, save perhaps for print advertising which could be somewhat weaker in QIII and QIV,” Anton said. Moody’s Investors Service says that revenue for Hanley Wood has fallen “below the level at which the company can cover its fixed costs and it continues to consume cash” and the publisher is very likely to face a restructuring “since the current business cannot support the existing debt load which was set near the peak of the housing bubble.” However, Hanley Wood CEO Frank Anton tells FOLIO:, “We strongly believe the company has sufficient liquidity to fund day-to-day operations into the foreseeable future–in short, we disagree with Moody’s assessment–and you might recall Moody’s is the same company that saw fit to rate securitized mortgage debt AAA.”Hanley Wood could violate its loan covenant as of Jan. 1, according to Moody’s, which lowered the publisher’s corporate rating four points to “Ca.” In May, Standard & Poor’s dropped its rating for Hanley Wood from “CCC” to “CCC-,” citing concerns over the b-to-b publisher’s performance and ability to meet covenants in the near future. S&P said it was concerned that Hanley Wood will be “unable to meet financial covenant step-downs in early 2012 without an amendment, a refinancing or repayment of the revolving credit facility, or an equity cure from sponsors.”While he wouldn’t comment on the covenant issue, Anton told FOLIO: last week that revenue was up in the high single digits while earnings grew 20 percent in the first half of 2011. He also said that while the print and data businesses remain challenged, events have bounced back (with all shows outperforming 2010) and the custom marketing business is on track to have its best year ever.
Mi Fan Festival 2019 day 1 Heres how to get Xiaomi RedmiMi Fan Festival 2019 day 1 Heres how to get Xiaomi Redmi
Rs 4,500 Mi Bluetooth Speaker 2 White Rs 1,100 Discount Rs 7,999Rs 9,999 Rs 8,499 New USB Cable 120cm Rs 3,500Rs 3,500 Redmi Y2(3GB +32GB)(4GB+64GB) Xiaomi Mi Fan Festival will kick off on April 4 and conclude on April 6.Xiaomi India Website (screen-shot) Besides the Re 1 flash sale, Xiaomi, as part of the Mi Fan Festival, is offering several flat cash discounts to Mi LED TVs, Mi Air Purifier 2S, Mi Band fitness trackers and several mobile phones till April 6.Other notable discount deals on Xiaomi products include:ProductsProductsDiscountDiscountNew priceNew priceProductsRedmi 6 (3GB+32GB)DiscountRs 2,000New priceRs 6,999ProductsRedmi Y2(3GB +32GB)(4GB+64GB)DiscountRs 2,500RS 3,500New priceRs 7,999Rs 9,999ProductsRedmi 6 Pro(3GB+32GB)(4GB+64GB)DiscountRs 3,500Rs 3,500New priceRs 7,999Rs 9,999ProductsRedmi Note 5 Pro(4GB+64GB)(6GB+64GB)DiscountRs 5,000Rs 6,000New priceRs 10,999Rs 11,999ProductsRedmi Note 6 ProDiscountRs 5,000New priceRs 10,999ProductsPOCO F1DiscountRs 4,000New priceRs 20,999ProductsMi LED TV 4 PRO (55)DiscountRs 9,000New priceRs 45,999ProductsMi Earphones BlackDiscountRs 400New priceRs 599ProductsMi Earphones SilverDiscountRs 400New priceRs 599ProductsMi Band – HRX EditionDiscountRs 800New priceRs 999ProductsMi Compact Bluetooth Speaker 2DiscountRs 200New priceRs 699ProductsMi Pocket Speaker 2 BlackDiscountRs 200New priceRs 1,299ProductsMi Bluetooth Speaker 2 WhiteDiscountRs 1,100New priceRs 1,599ProductsMi Body Composition ScaleDiscountRs 1,300New priceRs 1,499ProductsMi Air Purifier 2SDiscountRs 4,500New priceRs 8,499ProductsNew USB Cable 120cmDiscountRs 150New priceRs 149Products2-in-1 USB Cable 100cmDiscountRs 200New priceRs 199ProductsNew USB ChargerDiscountRs 200New priceRs 299ProductsUSB Quick ChargerDiscountRs 200New priceRs 399ProductsRedmi 6 (3GB+32GB)DiscountRs 2,000New priceRs 6,999 Rs 599 Redmi 6 (3GB+32GB) Rs 999 Rs 699 Redmi 6 Pro(3GB+32GB)(4GB+64GB) Rs 2,500RS 3,500 Mi Body Composition Scale Rs 7,999Rs 9,999 Rs 2,000 Rs 9,000 Rs 10,999 Rs 149 Rs 200 Rs 45,999 IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:06/0:25Loaded: 0%0:06Progress: 0%Stream TypeLIVE-0:19?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Rs 200 Rs 20,999 Rs 1,499 Rs 10,999Rs 11,999 Rs 400 Close Rs 1,300 Mi Earphones Silver Rs 299 Rs 5,000Rs 6,000 Rs 6,999 Rs 199 Rs 399 USB Quick Charger 2-in-1 USB Cable 100cm Rs 1,299 POCO F1 Rs 200 Mi Band – HRX Edition Redmi Note 5 Pro(4GB+64GB)(6GB+64GB) Is Redmi Note 7 the new-age Nokia 3310? Rs 1,599 Mi Pocket Speaker 2 Black Mi Air Purifier 2S Rs 599 Redmi 6 (3GB+32GB) Rs 400 Products New price Rs 150 Rs 5,000 Mi LED TV 4 PRO (55) Rs 200 Rs 800 New USB Charger Rs 4,000 Xiaomi’s much-awaited Mi Fan Festival is now live on the company’s official Mi.com e-commerce site with lucrative deals on popular products including Redmi Note 7 Pro, Mi LED TVs, Poco F1 and several mobile accessories.Like previous times, Xiaomi is hosting the crowd favourite Re 1 flash sale later this afternoon at 2:00 pm and in today’s programme, the company will be giving away the Redmi Note 7 Pro (4GB RAM + 64GB storage) and the Mi Soundbar, which cost Rs 13,999 and Rs 4,999, respectively for a paltry one Rupee. Xiaomi to kick off Re 1 flash sale in India later this afternoon.Mi.com/screen-grabHere’s how to boost your chances to win Redmi Note 7 Pro and Mi Sound Bar for just Re 1:Prerequisite:Firstly, in order to participate in the Xiaomi’s Re. 1 flash sale, prospective consumers should have a personal account on Mi Store. It will be hosted simultaneously on both on the mobile application for smartphone users and also on the desktop version, for those who prefer participating on their PCs.Registered customers are advised to log in to their respective Xiaomi’s Mi.com store (Desktop version) account or Mi mobile App and update the shipping address, so that you get the device to your cart, finish the payment transaction fast.Just minutes before the sale, test the internet connection by refreshing the page at regular interval and also shut down all other tabs on the browser so that internet band is dedicated to Xiaomi flash sale webpageFor problem-free experience, we advise consumers to login into their respective Xiaomi account half an hour or 15 minutes before the sale.Make sure to keep the credit/debit card near you. If the payment is not completed within pre-set time, the product in the cart will be taken away.Note: The company has warned that user who successfully adds a product during the Re 1 flash sale must complete the purchase transaction within six (6) hours of the product being added to his/her cart, failing which the order will be cancelled.It goes without saying that speed and timing are very crucial in this Re. 1 flash sale, as millions of people are vying to have to hands on the limited number of the products. So, be attentive in the final seconds of the flash sale countdown and when the clock strikes zero, click the buy button and finish the payment quickly or else the device will be forwarded to next eligible buyer. Rs 200 Mi Compact Bluetooth Speaker 2 Redmi Note 6 Pro Rs 2,000 Mi Earphones Black Rs 6,999
SEBI proposes tighter rules for offshore derivativesSEBI proposes tighter rules for offshore derivatives
Reuters FileThe Securities and Exchange Board of India’s (SEBI) on Monday proposed to tighten rules on offshore derivative instruments (ODIs) by imposing “regulatory fees” and prohibiting the sale of products that track derivatives, unless issued for the purposes of hedging.If adopted, SEBI’s plan would be the latest stringent action against controversial products created by banks to track Indian derivatives, shares and debt products and then sold to overseas investors.In a consultation paper, SEBI proposed that ODI issuers be given until Dec. 31, 2020 to wind down these products, unless they were undertaken for hedging purposes. ODIs tracking equities and debt would be spared.SEBI also proposed a fee of $1,000 every three years, starting from April 1 this year, on ODI issuers and each investor, in order to “discourage the ODI subscribers from taking the ODI route” and push them instead to register as foreign portfolio investors.SEBI said its proposals were being made “to enhance the transparency in the process of issuance and monitoring of ODIs,” and set a June 12 deadline for comments from interested parties.Although their popularity has waned, ODIs has still a significant source of investment because they have less stringent registration requirements than investing directly.SEBI estimates the notional value of existing ODIS on equities, debt and derivatives at 1.69 trillion rupees ($26.21 billion) by April, down from 2.3 trillion in January 2016.But the investments, steered mainly into products called participatory notes (P-notes), have stirred regulatory suspicion that they are a conduit for money laundering or channeling of unaccounted wealth held by Indians abroad into domestic markets.SEBI has tightened ODI rules since 2014, including mandating that issuers provide more information about investors, while the government has moved to amend tax exemption treaties with countries such as Mauritius and Singapore.”This is the last nail in the coffin for P-note issuance. The government has been cracking down on investments through P-notes and my feeling is that they will keep tightening the rules until this is completely dead,” said Amit Maheshwari, a managing partner at law firm Ashok Maheshwary & Associates.”This is also the right time for these tighter regulations because markets are at a high and dependence on foreign investments has reduced.”Indian share markets have hit a series of record highs this month, fuelled by strong domestic retail investment.But India is still popular with foreign investors, who have plowed $8 billion into shares this year, and a net $12.6 billion into debt.