Thursday, November 15, 2018

Oil smiles on Modi again, his bane turns a boon in poll season - economic news of india - world economic news - economics news for students - indian economy news

Oil smiles on Modi again, his bane turns a boon in poll season - economic news of india - world economic news - economics news for students - indian economy news
Oil smiles on Modi again, his bane turns a boon in poll season
Global oil prices fell by about a quarter in 40 days to $65 a barrel on Wednesday, promising to reduce India’s import bill and inflation. It is also likely to cool local fuel prices that crested several peaks and rob the Opposition of a key political plank against the Narendra Modi government ahead of a series of crucial state polls.It has been a dramatic shift of sentiment in just about a month with traders switching from predicting $100 per barrel oil to fearing another supply glut amid dimming demand prospects.US President Donald Trump’s insistence on lower oil prices, his Iran sanctions and a US-China trade war seem to have helped temper oil prices in recent times. A relentless rise in crude oil price that took it above $86 a barrel on October 3 was fuelled by fears that US sanctions on Iran may not allow many waivers, leaving Saudi and other producers struggling to fill the gap after significant Iran supply goes out of the market.But Donald Trump surprised many by liberally distributing waivers that allowed India and seven other countries to continue to import from Tehran. This, along with a surge in crude output put at three biggest producers—US, Russia, and China—set the stage for a sharp fall in prices. The US is now the largest producer of crude oil. 66628617 A protracted US-China trade war is also seen as negative for oil demand. Car sales in China as well as India have slowed this year, hurting fuel demand. Trump’s pressure on Saudis to avoid production cuts has further pushed the price slump. It is unclear how soon the Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia would act to check the price slump and stop an oil glut from building. Saudi has said production cut of about 1million barrels a day from October levels is needed to deal with current imbalance.Saudi Arabia will never let a glut build again in future, Saudi energy minister Khalid al-Falih had said at an international conference in New Delhi in April. For India, lower oil prices mean lower import bill, less pressure on rupee, narrowing current account deficit lower subsidy payout, higher public resources for other welfare projects, lower risk of inflation and increased room for RBI to cut interest rate. If current price trends were to continue, India’s oil import bill in 2018-19 would be lower than .`8,81,000 crore projected by the oil ministry based on an assumed crude price of $77.88 per barrel and an exchange rate of 72.22 per dollar.Dollar rise in oil price alters the country’s import bill by Rs 6,158 crore. Variation in exchange rate by one rupee changes oil import by Rs 6,639 crore.Local prices of petrol and diesel, published daily, factor in both international fuel rates as well as currency movements for the trailing fortnight. Petrol and diesel prices have fallen by Rs 5.4 and Rs 3.5 per litre, respectively since October 17 when the current fuel price decline trend started. The dramatic fall in international rates in the last few days will further bring down local fuel rates.In Delhi, petrol was at Rs 77.4 and diesel Rs 72.19 per litre on Wednesday. Record fuel prices just about a month ago had given Opposition the opportunity to tap into public anger against the Modi government, which was forced to cut duties to placate consumers.
Source: ET

Maruti finds itself on an unfamiliar road - economic news of india - world economic news - economics news for students - indian economy news

Maruti finds itself on an unfamiliar road - economic news of india - world economic news - economics news for students - indian economy news
Maruti finds itself on an unfamiliar road
MUMBAI: It has been a classic case for the Indian passenger vehicle market in the last 5-7 years: if Maruti Suzuki sneezes, the market catches a cold.So, the overall Indian passenger vehicle market fell into negative category in the quarter ended September with sales falling 3.6% year-on-year to 870,804 when Maruti Suzuki sales dropped 1% to 449,834. This after the industry grew by a whopping 22% to 873,501 units in April-June quarter, led by a 3% out-performance by the most dominant player.Consequently, Maruti Suzuki, which has been single-handedly driving the Indian passenger vehicle market for many years now, saw its market share fall below 50% after almost six months to as much as 48.4% in October, down from its peak of 55% in April 2018. 66628784 Auto analysts attributed the slip to growing competitive intensity as well as portfolio fatigue. With the competition increasing, they feel that the past six years’ trend of rising market share for Maruti Suzuki will now be halted.According to Credit Suisse, nearly 42.5% of the total volumes of the Maruti Suzuki could face competition this fiscal compared with 20% between FY15 and FY18. Such a high percentage of the total volumes facing competitive intensity is the highest since FY12. The rising competitive intensity has resulted in global wealth manager Credit Suisse downgrading its Maruti Suzuki stock outlook to ‘neutral’. According to ETIG analysis, over the three to four years, nearly a quarter of the total incremental sales for Maruti Suzuki came from new models. Now, with the pace of new launches slowing, the volumes were impacted.The fall in its market share has a direct correlation with its falling average monthly volumes. Maruti Suzuki posted two consecutive months of decline in July and August. And, in September and October, considered peak months of sales owing to festivities, the company could barely manage to meet last year’s numbers. It registered its lowest monthly sales in 12 months in October. Several negative factors came together to pull down the overall market growth. While fuel prices and interest rates were hardening, floods in Kerala and drought in some parts of Maharashtra impacted sales during Onam and Ganesh Chaturthi, respectively. Then, a one-time increase in insurance cost impacted the sentiment severely in September.Maruti Suzuki was also impacted by rival Hyundai Motor’s launch of the new Santro in October and lack of significant new product launches during this year’s festive season. Competition is rising in the entry-level segment and peers are offering cars loaded with rich features in the entry level. Maruti’s market share in the entry-level car segment has been coming down in recent years. It stood at about 63% during last fiscal against 72% in FY16, mainly due to competition from Tata Tiago and Renault Kwid.Meanwhile, increasing premiumisation, as consumers upgraded to more expensive hatchbacks, compact sedans and compact SUVs from smaller cars, has helped Maruti to improve its overall average realisation per unit in the past three years. Average realisation per unit of Maruti stood at Rs 4.45 lakh in the second quarter of FY19, up from about Rs 3.85 lakh units a year earlier. Sales of utility vehicles — the highest growing segment in the Indian passenger vehicle market — have seen moderation in the quarter ended September, when monthly sales volumes stood at 6% against an average of 21% in the preceding two years.Just to underline why growth at Maruti Suzuki is important for the overall market, between FY12 and FY18, the Indian passenger vehicle market grew 23% to 3.28 million from 2.62 million. And, Maruti Suzuki accounted for a whopping 97% of the incremental growth of 658,000 units. That is, the company’s annual sales increased by about 637,000 in six years while the rest of the industry together could register sales increase of only 20,975 units.
Source: ET

How Flipkart is running without its ex-engine - economic news of india - world economic news - economics news for students - indian economy news

How Flipkart is running without its ex-engine - economic news of india - world economic news - economics news for students - indian economy news
How Flipkart is running without its ex-engine
Around 5:03 pm on Tuesday, when the now-former group CEO of Flipkart Binny Bansal sent an email to his employees, among recipients of that mail there was – naturally – a sense of disbelief. Typical conversations around coffee machines and water coolers at the company’s headquarters in Bengaluru’s Sarjapur Road died down almost instantly. There was anger and confusion in equal measure.Bansal, in his email, had announced that he would be stepping away from an operations role, following a claim of “serious personal misconduct” against him. As the news started sinking in, speculation ran rife. The cryptic language Flipkart’s parent company—Walmart—had used in its filings to the US Securities and Exchange Commission (SEC) fuelled more speculation.ET spoke to a number of Flipkart employees, ex-employees as well as to people familiar with the company for this story. Everyone spoke off the record. ET also reached out to Binny Bansal. There was no response from him.Employees’ primary emotion was – “not again, we have already had too much change and sometimes chaos”. Flipkart has seen a large number of arrivals and departures at the top levels in the recent years, especially till the current CEO Kalyan Krishnamurthy took charge in 2017.“We have been going through uncertainty for the last two years at least. When does it stabilise? From top management rehaul, to Mukesh (Bansal’s) exit, then a bunch of other product leaders left, Kalyan stepped in. Walmart happened, Sachin left. Every time there was a change, it affected all of us. This was the last straw,” a Flipkart employee said.The other predominant employee response was that the company has now changed forever. “With Binny leaving, Flipkart is now officially an investors’ company 100%. It’s not going to be the same anymore,” another employee said.Bansal’s accelerated departure from Flipkart, the firm he co-founded with Sachin Bansal in a two-bedroom flat in Bengaluru’s Koramangala and sold a decade later for $16 billion to Walmart, marks an inglorious chapter in one of India’s most successful startup stories. Binny Bansal would continue to serve on the board of the company while retaining the 4% shares he currently holds.There was an acknowledgement inside Flipkart that the circumstances surrounding Binny Bansal’s departure would change the perception of him, despite his critical contribution to building the company.LEFT WITHOUT A SOULThose in the know say Bansal’s departure was coming. Except, not in the manner in which it unfolded, or he would have wanted. Bansal, they add, had mentally logged out of Flipkart over the last year or so, since Krishnamurthy took over as CEO. Two people familiar with the matter said Bansal had wanted to leave even before talks over Flipkart’s sale to Walmart began, and that he didn’t attend office for days at a stretch during negotiations.But Walmart, these people add, wanted Bansal to stay on at least till the acquisition was formalised by the Competition Commission of India (CCI). That came through in August. And the complaint about Bansal’s alleged misconduct was brought to Walmart’s notice in July. People who know Bansal well said he had planned to leave around December this year.There are murmurs within Flipkart on whether Bansal’s exit was a punishment that’s disproportionate to the conduct violation he’s accused of. ET could not independently verify any more details on such views.But Binny Bansal’s exit under a cloud is being compared by Flipkart employees to Sachin Bansal’s. The latter managed a clean exit with money in the bag. “Sachin was the big visionary and Binny aced at execution. Together that worked. Now it remains unclear what’s next. Our managers too have no clear answers,” says a Flipkart employee who has worked at the company for the last five years. “At least Sachin left with his head held high. This (Binny’s departure) is just heartbreaking,” he adds.Another factor in Binny’s gradually growing disenchantment with the affairs at Flipkart was Kalyan Krishnamurthy’s entry. A senior product manager at Flipkart said, “The founders’ authority in Flipkart has been challenged since Kalyan came on board. The motivation to run Flipkart came down substantially given that decision autonomy was no longer there. However, still leaving Flipkart at such a point when employees expected him to stick around and make sure Walmart transition is done smoothly is distressing.”“With Sachin and Binny gone, Flipkart is left without a soul,” he adds.THE SILENT ENGINEMany Flipkart employees who have worked with Binny Bansal have nothing but good words for him. For Binny Bansal, it was always about winning it for Flipkart, they said, and doing it for the team, it was about unrelenting focus, execution. In Flipkart speak, he was the “executor in chief”. While he was all this, he was also described by many as a “reluctant leader”, not because he did not fancy that spotlight that came with it, but because he thrived as a backroom figure, holding the fort while the other Bansal (Sachin) portrayed the company’s public persona.For the longest time, as Flipkart’s COO, Bansal was responsible for eKart, Flipkart’s logistics subsidiary. “It was Binny who built eKart from scratch and the entire logistics and supply chain business for the company. It may not appear as sexy as product, but that’s where you need to put in the hard work,” the person quoted above, said. He adds, “Binny was the silent engine under the hood which kept the car moving,” before adding, “He was a straight shooter. No nonsense. And you couldn’t bull**** him in meetings. He would call people out instantly,” he added.Employees and peers who have known Binny say that he has a very cool mind, and was the lynchpin in Flipkart “nudging ahead” of Amazon in their annual festive sale. Binny is also known to be someone with a solid understanding of business and can be very detail-oriented with business plans and strategy.Another former Flipkart employee says, “Binny was great at giving teams clarity. He would not sugarcoat anything. He knew how to get work done. What worked against him was his use of abrasive language. In the early stages, people are okay with it. But when your team is full of professionals, it won’t be tolerated.”Binny has also been described as someone who made things happen, “for the people who mattered” i.e. the stakeholders. Sample this, from a former top Flipkart executive: “If an investor directed a certain initiative, Binny was able to get teams together and execute. He didn’t challenge authority, and that’s what worked for him,” said a former Flipkart top executive who quit to start his own company.Even when he was required to take a stand, Binny is known to have resisted. The one instance, which a former employee recalls, Flipkart was trying to get rid of its “just in time procurement from third-party sellers business”.“It was a loss-making business and did not add much value. We needed a better and more sustainable solution to the problem. Sachin was against it because he looked at the problem from a product angle and this initiative helped increase selection. However, business had other views. Binny was COO at the time. He didn’t do it.”And at some point, said employees and people who know Binny Bansal, he lost the motivation to fight or “even work hard”. “He decided he would keep cashing out from the company (by making secondary sales) as and when given the chance and use that money for his own investment. His commitment to Flipkart was shaken, and he had come to terms with the fact that all he was -- was the face of the company. He was actually okay with it. Investors also realised that if they wanted to keep one founder at the top, Binny would do the job better than Sachin,” said the top executive quoted earlier in the story.Binny’s last significant business decision was the acquisition of payments company PhonePe in April 2016. PhonePe is led by Sameer Nigam, a former Flipkart executive. “Binny made that deal happen. In fact, there is a clause in the PhonePe deal that, if Binny leaves, both PhonePe founders get accelerated vesting. Nigam put that clause in because he did not want to work under Sachin’s leadership. I am not sure where that stands now,” adds the top level executive.BUSINESS AS USUALSo, will there be disruption, with both Bansals gone? Company executives say, that in Kalyan Krishnamurthy, the company has found an aggressive, decisive leader who can consolidate Flipkart’s success story, albeit with his own imprint. “It felt good to work with someone who had a clear idea of where the company is headed. This direction and execution are what Flipkart was lacking before he stepped it,” says a top Flipkart employee who directly worked with Kalyan for two years.“Binny was just the face of the company after Kalyan came on board. What helped was he would cooperate with Kalyan’s initiative. Never stand in the way,” he adds.Most executive agree that even as the specific story on Binny Bansal unfolds, Flipkart is unlikely to be affected by his departure. Experts concur.“I can’t see it having any effect on the merger and success of the company. It is often better for founders to step aside when their company has been acquired so that the acquirer can make changes and integrate operations,” says Vivek Wadhwa of Harvard Law School. “I am sure that Flipkart has a strong management team that can take the mantle from here. It gives Walmart the opportunity to start afresh and do things in new ways,” he added.
Source: ET

Mahindra launched 3 Jawa bikes starting at Rs 1.55L - economic news of india - world economic news - economics news for students - indian economy news

Mahindra launched 3 Jawa bikes starting at Rs 1.55L - economic news of india - world economic news - economics news for students - indian economy news
Mahindra launched 3 Jawa bikes starting at Rs 1.55L
MUMBAI: Classic Legends Private Limited, a subsidiary of Mahindra and Mahindra, revived the classic Jawa brand by launching three Jawa motorcycles here on Thursday.The bikes are named the Jawa, Jawa Forty Two, and Perak. Jawa and Jawa Forty Two will be launched first and should be available by early next year. The Perak, which is a factory-custom job, will be launched later.Priced at rupees Rs 1.55 lakh for the Forty Two, Rs 1.64 lakh for the Jawa and Rs 1.89 lakh for the Perak, these motorcycles are in the mid-priced segment that Royal Enfield has dominated for the past decade, even as the latter is diversifying its portfolio to include more premium motorcycles with higher engine capacities. The three amigos @anandmahindra @BRustomjee and @reach_anupam all set for the ride. #JawaIsBack #Jawa… http://bit.ly/2QJIi39— Jawa Motorcycles (@jawamotorcycles) 1542261611000 Talking about the resurrection of the brand, Anand Mahindra, Chairman of the Mahindra group said, "It's rare to get an opportunity to resurrect a legend."The two Jawas share a 300cc, single-cylinder engine which the company had showcased a month ago. The engine produces 27bhp of power and 28Nm of torque and is BS-VI compliant. The Perak has a 334cc, 30bhp engine.Braking is handled by an ABS-enabled disc brake up front and a drum-brake unit at the rear. The Perak has ABS-enabled discs at both the ends. 66632314 The Czech brand was originally introduced to India after WW2, but local production started in 1961 by a company called Ideal Jawa. The brand was discontinued in 1971 when Ideal Jawa started making motorcycles under the Yezdi brand.The company stopped production in 1998, primarily due to financial reasons, much to the dismay of enthusiasts, as per a Deccan Herald report.Last year, Classic Legends signed a brand licensing agreement with the Czech Republic-based JAWA Moto to revive the brand in India and other select markets in Asia. The motorcycles were developed by Classic Legends engineering team.This is the first of the three planned revivals of classic motorcycle brands by Mahindra motors to consolidate the premium niche two-wheeler segment. While Mahindra and Mahindra own a 51% stake in France-based Peugeot motorcycles, Classic Legends has global brand rights for the British-classic BSA Company. 66525064 64275091 65381064 62661596
Source: ET

Air India eyes Rs 800 crore from sale of over 70 properties - economic news of india - world economic news - economics news for students - indian economy news

Air India eyes Rs 800 crore from sale of over 70 properties - economic news of india - world economic news - economics news for students - indian economy news
Air India eyes Rs 800 crore from sale of over 70 properties
MUMBAI: Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said Thursday.This fresh bid is a part of the airline's real estate assets monetisation plan approved by the then UPA government in 2012. As per the plan, Air India had to garner funds to the tune of Rs 5,000 crore between April 2014 and March 2021, with an annual target of Rs 500 crore from FY13 onwards.The properties, which are spread over 16 cities pan India, will be e-auctioned through the state-run auctioneer MSTC."We are expecting to raise about Rs 700-800 crore by e-auctioning of these over 70 properties, which comprises both residential as well as commercial. Some of these properties are those which we put up on the block earlier but could not get a buyer," the official said.Last month, Air India had put 14 properties on sale, in cities such as Mumbai, Kolkata, Chennai, Bengaluru, Pune and Amritsar.Air India's debt burden stands around Rs 55,000 crore, besides huge accumulated losses. According to its audited accounts, the airline's total losses stood at Rs 47,145.62 crore in 2016-17.The government had in May said that Air India has mopped up Rs 543.03 crore from monetisation of its assets in prime locations, such as Mumbai and Chennai.The national carrier had also collected Rs 291 crore as lease rentals from its iconic 23-storeyed building, its erstwhile headquarters, at Nariman Point in the city, between FY13 and January 2018, it had said.
Source: ET

It’s official, Indian-made stents as good as the best - economic news of india - world economic news - economics news for students - indian economy news

It’s official, Indian-made stents as good as the best - economic news of india - world economic news - economics news for students - indian economy news
It’s official, Indian-made stents as good as the best
After much controversy regarding the quality of stents manufactured in India, yet another study comparing an Indian stent with the foremost foreign stent brand has concluded it is just as good. On Monday, the results of a 10-year study comparing clinical outcomes of the Indian stent Yukon Choice PC with those of the market leader, Xience stents from the American company Abbott, showed that they were equally good. A study presented two months back had also concluded that another Indian stent, Supra Flex was as good as Xience. 66629402 66629403 At the scientific session of the American Heart Association held in Chicago, cardiologists from Germany presented the results of an extended follow up of 2,603 patients who were randomised to treatment with two new generation stents — everolimus eluting Xience and sirolimus eluting Yukon Choice — and a first generation sirolimus eluting Cypher stent. Cypher is not in the market any more. The study published in the journal of the AHA showed there was no difference in outcomes between the two new generation stents. In February 2017, the government had capped the price of stents leading to a three-fourths reduction in the prices for drug eluting stents. Several multinational stent companies had threatened to withdraw their stents from India claiming that they were superior to Indian ones and hence deserved a higher price. Several cardiologists too had questioned the quality of Indian stents. However, with studies showing that Indian stents are as good as foreign ones, cardiologists appear to have changed tack.“These are the kind of studies we need — large, randomised, long-term studies. More Indian companies should do such studies to establish their credibility internationally. Every stent needs to be proven,” said Dr Ashok Seth, head of cardiology for the Fortis Group of hospitals. He added that the study also showed there was no difference between stents with biodegradable polymer coating and permanent polymer coating putting paid to the argument that biodegradable polymer coated stents should get a higher price.Dr Upendra Kaul, chairman of Batra Heart Centre, who initiated the earlier one-year study comparing Supra Flex to Xience along with Prof Patrick Serruys from the Netherlands, pointed out that even with good newer generation stents, 3% of patients still had heart attacks and needed restenosis each year. “Further research is being done to bring down this 3%,” said Dr Kaul.Yukon stents are made in India from German technology, while Supra Flex is a fully indigenous stent, pointed out Dr Kaul. In an editorial in the journal Euro Intervention last year, Dr Kaul had written: “There is a perception in the minds of cardiologists, which gets passed on to the patients, that imported stents are superior.” He had added that it was time for Indian companies to prove to cardiologists and patients that their products were as safe and effective as those of multinational companies.So far, no brand of drug eluting stents anywhere in the world has been shown to be superior to other brands in the market, both Dr Kaul and Dr Seth pointed out.
Source: ET

Big-name investors favor US equities over rest of world - economic news of india - world economic news - economics news for students - indian economy news

Big-name investors favor US equities over rest of world - economic news of india - world economic news - economics news for students - indian economy news
Big-name investors favor US equities over rest of world
US equities will outshine their international counterparts over the coming year, despite slowing corporate profit growth and increased stock market volatility, several big-name investors said. Low unemployment, the continued benefits of the Republican-led corporate tax cuts, and concerns of a protracted economic slowdown in Europe should result in US equities remaining the best-performing world market, investors said at the Reuters Global Investment 2019 Outlook Summit in New York this week. US stocks have already outperformed other markets this year at a clip that is the best in nearly five years. "From the growth differential perspective, even though the US is now slowing, the rest is slowing more sharply. So most other stock markets will probably suffer more than the US," said Joachim Fels, global economic adviser at Pacific Investment Management Co. US corporate profits are expected to grow by 10.8 percent in 2019, compared with a 23.7 percent increase in 2018, according to global markets research at FTSE Russell, as the boost from the corporate tax cuts begins to fade. That compares to earnings growth of 10.4 percent in 2019 for European companies excluding the UK, 16 percent next year for emerging markets companies, and 4.9 percent for Japanese companies, according to FTSE Russell. The US economy is expected to grow by 2.5 percent next year, according to estimates from the Federal Reserve. By comparison, the economy of the euro zone is expected to grow by 1.9 percent next year, down from previous forecasts of 2 percent, the European Commission said on Nov. 8. "The US has been the lodestar in terms of corporate profits," said Richard Bernstein, chief executive of Richard Bernstein Advisors LLC. The US benchmark S&P 500 index is up 1 percent so far this year, compared with an 11.5 percent drop for an exchange-traded fund designed to measure equity market performance outside the United States. If that 12.5 percentage point difference holds for the year, it would be the largest annual outperformance for US stocks since a 19-point difference in 2014, according to Refinitiv data. The October selloff in the US stock market, which erased what had been a nearly 10 percent rise in the Dow Jones Industrial Average for the year-to-date, could leave the US stock market poised for gains in the year ahead, said Byron Wien, vice chairman at Blackstone Advisory Partners. "The US market was very fully priced in September, and so the fact that we have had a severe correction which is continuing is understandable, but it is moving into an attractive range," he said. At the same time, he added, emerging markets may offer more compelling valuations, even if the United States continues to outperform. "My view is that's where the real values are, and I would do some nibbling there," he said. Indeed, the US stock market is more expensive than international equities, based on price-to-earnings ratios. The S&P 500 is trading at 15.6 times earnings estimates for the next 12 months compared with 12.6 times for Europe's Stoxx index and 10 times for the MSCI emerging markets index, according to Refinitiv data. Citron Research's Andrew Left, a prominent short-seller who has published critical reports on Chinese companies and profited when their shares dropped, said he finds some Chinese companies more attractive than their US counterparts. "There is value in China," Left said. "I would take Alibaba all-day-long over Amazon." Many stocks have declined due to concerns about the fallout from the expanding trade war between the United States and China, Left said, even though trade friction between Washington and Beijing could take less of a toll than many expect because domestic demand in China is growing so rapidly that exports will matter less to its economy. Kera Van Valen, a portfolio manager at Epoch Investment Partners, said she expects global stock market volatility to continue, potentially leaving the US stock market as a safety trade. "There is more uncertainty in the markets today than two years ago," she said. "I do think that there are continued challenges outside of the US while the US economy continues to improve."
Source: ET

Despite IL&FS, still double overweight on India: Chris Wood - economic news of india - world economic news - economics news for students - indian economy news

Despite IL&FS, still double overweight on India: Chris Wood - economic news of india - world economic news - economics news for students - indian economy news
Despite IL&FS, still double overweight on India: Chris Wood
Provided the Modi government gets re-elected next year with a reduced majority and that we get evidence of a capex cycle, I 66631133 66628947 66617648 would raise my India weightings early next year, Christopher Wood, Global Equity Strategist, CLSA, tells ET Now.Edited excerpts: How would you map the risk-reward ratio for equity as an asset class? There is a looming fear of trade war. Are we in for tough days, better days or flat days for equity markets?In the short term, it depends on whether you believe there is going to be a trade deal at the G-20 summit or not. If there is a trade deal, then we can get a decent counter-trend year-end rally which will be led by Asian equities outperforming. Asia is the market that has been hit most by the so called US-China trade war. If, however, I am wrong and there is no trade deal between US and China, then it is just bearish. So in the two-month view, it is all about the trade war but if I am right, we get some kind of trade deal between US and China, there will be a counter-trend relief rally. However, we are not out of the woods completely because we still have US monetary tightening going on. But my base case is at some point next year, the US monetary tightening will end and the dollar will peak out. In my view, the Chinese economy is still okay and I believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India. You have always been a long-term believer in India. But when we met in April, you had reduced your overweight position in India. Given that we have seen a 10-15% correction across the board, what is your India view? I am still overweight India. You are correct. I started the year triple overweight India. I reduced it to double overweight. Actually India was performing better than my base case expectation in the first eight months of this year but then we had the shock of a default by a triple AAA rated company which triggered some significant downside that obviously was not my base case. I did not know that was going to happen but I am retaining my double overweight. I think it is too late to reduce positions in India but based on my base case that the Modi government gets re-elected next year but with a reduced majority and that we get evidence of a capex cycle, I would be looking to raise my weightings early next year. Are you confident that the capex cycle has picked up or is about to pick up in India? I am increasingly confident that it has already started to pick up. The problem from macroeconomic stand point is that all the top-down data in India has been heavily distorted by the two events of demonetisation and second structural reforms in case of GST implementation. That has made it harder to read the data series. But I completely agree with what you just said that the indications are that the investment cycles are on the point of turning and the resolution of some of these NPAs is a hugely significant and constructive development. You have always been very positive about Indian HFCs. But given the tightening of liquidity, should the outlook for NBFCs and specially HFCs, be slightly fragile? Clearly, growth is going to slow in that area as a result of the shock waves from the triple A credit defaulting. It is very unfortunate because it is going to temporarily remove or destroy investors’ confidence in credit ratings. So clearly a slow. There will be more slowdown than previously anticipated but clearly a lot of that slowdown has been probably more than discounted in the sharp selloff. My hope is that the worst has been seen in this area. I would not put it stronger than. In October, we saw some renewed inflows into the bond funds after the big stampede out of them in September. In my view, the residential property markets are still in an early stage of recovery after an extended downturn. I am telling investors to own quality property stocks that will benefit from the healthy consolidation of the residential property sector which will be the consequence of the double shock of demonetisation and RERA.The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area. The affordable housing programme is kicking in on the ground. The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. It also should be positive for the government in terms of them getting re-elected. the more visible evidences of this affordable housing programme becoming a reality in terms of final delivery of affordable homes. In your book, the current downturn in NBFCs and especially HFCs is a good buying opportunity for a long-term investor? One should be buying the fear rather than getting scared from the fall? Absolutely no. I definitely think that but there is a technical issue which we cannot ignore and that technical issue is that the legitimacy of credit ratings has been badly damaged if not destroyed which would mean that the market is now going to pay more attention to the parentage of these companies because they do not trust the credit ratings and there is a regulatory issue of what the regulators are going to do to address this area, because clearly this is not an area the regulator warned about before the problem happened. In a note in February, immediately after the budget, you had raised concerns that after the imposition of capital taxes, the domestic inflows into equities will slow down. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route. So how does this change the equation for markets and especially for liquidity? That to me is a pleasant surprise. The unpleasant surprise in India was the bond default. The pleasant surprise this year has been the equity inflows have been maintained to a greater degree than most of us were expecting. It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much more resilient. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs.
Source: ET

Vertical-focused strategy to drive NIIT Tech growth - economic news of india - world economic news - economics news for students - indian economy news

Vertical-focused strategy to drive NIIT Tech growth - economic news of india - world economic news - economics news for students - indian economy news
Vertical-focused strategy to drive NIIT Tech growth
NIIT Technologies is banking on its vertical focused strategy in travel and banking and financial services and insurance, to drive sales in the US and Europe.Over the past year, the company has poached executives from companies such as Accenture and Infosys to lead these business segments. Madan Mohan, now global head-–travel and transportation, at NIIT Tech, previously worked with Infosys. Anurag Chauhan, global head–insurance, and Gautam Samanta, global head–BFS, joined from Accenture and Infosys, respectively.The mid-tier IT services firm said its transition to specific business verticals boosted by use of emerging technologies in the past few quarters has delivered consistent growth.“From a strategy perspective, we said we would focus at the intersection of these three verticals and emerging technologies like automation, cloud, to drive transformation.As part of this overall change for growth programme, (first,) we changed the structure of the organisation, (and) second, we have entrusted very senior leaders from tier-1 firms to run our key businesses,” said Sudhir Singh, chief executive officer, NIIT Technologies.The IT services company, which clocked a revenue of Rs 2,991 crore in financial year 2017-18, said it achieved nearly 16% growth in the first half of the current fiscal year.
Source: ET

#3: Rumi: Bridge to the Soul

#3: Rumi: Bridge to the Soul
Rumi
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Coleman Barks
(9)

Buy:    599.00    487.00
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#5: Muhammad: His Life Based on the Earliest Sources

#5: Muhammad: His Life Based on the Earliest Sources
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Muhammad: His Life Based on the Earliest Sources
Martin Lings
(62)

Buy:    599.00    375.00
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#6: Introducing Islam: A Graphic Guide (Introducing...)

#6: Introducing Islam: A Graphic Guide (Introducing...)
Introducing Islam
Introducing Islam: A Graphic Guide (Introducing...)
Ziauddin Sardar , Zafar Abbas Malik
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#9: The First Muslim: The Story of Muhammad

#9: The First Muslim: The Story of Muhammad
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The First Muslim: The Story of Muhammad
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#10: Original Bhagavad Gita — The Ultimate Millennial Edition — With Clear and Concise Commentary

#10: Original Bhagavad Gita — The Ultimate Millennial Edition — With Clear and Concise Commentary
Original Bhagavad
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Swami B.G. Narasingha
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Maharashtra Police Recruitment 2018 – 132 Police Patil Posts | Apply Online

Maharashtra Police Recruitment 2018 – 132 Police Patil Posts | Apply Online
Maharashtra Police Recruitment 2018 – 132 Police Patil Posts | Apply Online

Organization Name: Maharashtra Police Department

Maharashtara Police Recruitment 2018

Employment Type: Maharashtra Govt Job

Total No. of Vacancies: 132

Job Location: Maharashtra

Name of the Post:

  • Police Patil

Qualification:

  • Candidates who have completed SSC or equivalent from a recognized Institute are Eligible to apply Maharashtra Police Recruitment 2018.

Age Limit:

  • Minimum Age: 25 years
  • Maximum Age: 45 Years

Selection Procedure:

  • Written Test
  • Interview

How to apply:

  • Eligible & Interested candidates can apply via Online in Official website page in www.gadchiroli.gov.in Maharashtra Police Recruitment 2018.

Instructions to Apply:

  • Log on to Maharashtra Police careers page at the official website www.gadchiroli.gov.in
  • Eligible candidates are advised to open the online application form.
  • Fill your academic qualification, skill, experience, and other related information as per the instructions
  • Attach self-attested copies of all relevant documents in prescribed format and size.
  • Pay the application fee as per the category.
  • Complete the Maharashtra Police Jobs Application Form with the essential data.
  • Check the Details before Submitting.
  • Take a print out of Maharashtra Police Recruitment 2018 online application form.

Important Dates:

  • Starting Date for Submission of Application: 15.11.2018
  • Last date for Submission of Application: 26.11.2018

Important Links:

Other posts you might be interested in:  

WCD Recruitment 2018 – Various Consultant Posts 

DRDA Seraikela Recruitment 2018 – Various Officer, Assistant Posts

NFL Recruitment 2018 – Various Accounts Officer Posts

The post Maharashtra Police Recruitment 2018 – 132 Police Patil Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

WCD Recruitment 2018 – Various Consultant Posts | Apply Online

WCD Recruitment 2018 – Various Consultant Posts | Apply Online
WCD Recruitment 2018 – Various Consultant Posts | Apply Online

Organization Name: Women and Child DevelopmentWCD Recruitment 2018Employment Type: Central Govt Jobs

Total No. of Vacancies: Various

Job Location: Delhi

Name of the Post:

  • Consultant (Monitoring & Evaluation)
  • Consultant (System Analysis/ Data Management)
  • Consultant (Financial Management)
  • Consultant (Procurement)
  • Accountant
  • Project Associate

Qualification:

  • Applicants who have completed B. Tech / CA / CS / CMA / MBA or equivalent from a recognized Institute for WCD Delhi Recruitment 2018.

Age Limit:

  • Applicants Age Limit Should not exceed 55 Years

Pay Scale: Rs. 30,000 – 80,000/-

Selection Procedure:

  • Shortlist
  • Interview

How to Apply:

  • Eligible & Interested candidates can Download Notification From Official website page at www.wcd.nic.in WCD Recruitment 2018.

Instructions to Apply:

  • Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with “Application For The Post of …………….”

Important Dates:

  • Starting Date for Submission of Application: 11.11.2018
  • Last date for Submission of Application: 11.12.2018

Important Links:

Other posts you might be interested in: 

IOCL Recruitment 2018 – 307 Technician Posts | Apply Online

CRIDA Recruitment 2018 – Various SRF, JRF Posts | Apply Online

Air India Express Recruitment 2018 – Various Officer Posts | Apply Online

The post WCD Recruitment 2018 – Various Consultant Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

DRDA Seraikela Recruitment 2018 – Various Officer, Assistant Posts | Apply Online

DRDA Seraikela Recruitment 2018 – Various Officer, Assistant Posts | Apply Online
DRDA Seraikela Recruitment 2018 – Various Officer, Assistant Posts | Apply Online

Organization Name: District Rural Development Agency (DRDA)

DRDA Seraikela Recruitment 1

Employment Type: Jharkhand Govt Jobs

Total No. of Vacancies: Various

Job Location: Seraikela, Jharkhand

Name of the Post:

  • Blok Program officer
  • Technical Assistant (Equivalent of Counterpart assistant)
  • Technical Assistant (Equivalent of kanyak engineering)
  • Account Assistance
  • Computer Assistance

Qualification:

  • Applicants who have completed Diploma / BE / B.Tech or equivalent from a recognized Institute for DRDA Seraikela Recruitment 2018.

Age Limit:

  • As per DRDA Seraikela Notification 2018

Selection Procedure:

  • Interview

Application Fee:

  • As per DRDA Seraikela Notification 2018

How to Apply:

  • Eligible & Interested candidates can Download Notification From Official website page at www.seraikela.nic.in DRDA Seraikela Recruitment 2018.

Instructions to Apply:

  • Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with “Application For The Post of …………….”

Address:

  • To Deputy development commissioner,
    District Rural Development Agency,
    Seraikela, Pin- 833219

Important Dates:

  • Starting Date for Submission of Application: 12.11.2018
  • Last date for Submission of Application: 11.12.2018

Important Link:

Other posts you might be interested in:

JPSC Recruitment 2018 – 107 Civil Judge Posts

Giridih District Recruitment 2018 – Various Teacher Posts

RIMS Recruitment 2018 – 100 Staff Nurse Posts

The post DRDA Seraikela Recruitment 2018 – Various Officer, Assistant Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

NFL Recruitment 2018 – Various Accounts Officer Posts | Apply Online

NFL Recruitment 2018 – Various Accounts Officer Posts | Apply Online
NFL Recruitment 2018 – Various Accounts Officer Posts | Apply Online

Organization Name: National Fertilizers Limited(NFL)

NFL Recruitment 2018

Employment Type: Central Govt Jobs

Total No. of Vacancies: 42

Job Location: Noida

Name of the Post:

  • Accounts Officers
  • Senior Manager

Qualification:

  • Applicants who have completed Chartered Accountant from ICAI or Cost & Management Accountant from ICAI or MBA or equivalent from a recognized Institute for NFL Recruitment 2018.

Age Limit:

  • Applicants Age Limit Should not exceed 50 Years

Pay Scale: 

  • Accounts Officers: Rs. 16,400/- to Rs. 40,500/-
  • Senior Manager: Rs. 32,900/- to Rs. 58,000/-

Selection Procedure:

  • Written
  • Interview

Application Fee:

Accounts Officers:

  • General/OBC Applicants: Rs.700/-
  • All Other Applicants (ST/SC/Ex-s/PWD): Nil

Senior Manager: 

  • General/OBC Applicants: Rs.1000/-
  • All Other Applicants (ST/SC/Ex-s/PWD): Nil

How to Apply:

  • Eligible & Interested candidates can apply via online in Official website page at www.nationalfertilizers.com NFL Recruitment 2018.

Instructions to Apply:

  • Log on to NFL careers page at the official website https://ift.tt/1cXifgC
  • Eligible candidates are advised to open the online application form.
  • Fill your academic qualification, skill, experience, and other related information as per the instructions
  • Attach self-attested copies of all relevant documents in prescribed format and size.
  • Pay the application fee as per the category.
  • Complete the NFL Jobs Application Form with the essential data.
  • Check the Details before Submitting.
  • Take a print out of NFL Recruitment 2018 online application form.

Important Dates:

  • Starting Date for Submission of Application: 15.11.2018
  • Last date for Submission of Application: 14.12.2018

Important Link:

Other posts you might be interested in: 

IWAI Recruitment 2018 – Various Stenographer, Executive Posts

SAIL Recruitment 2018 – Various Operator Posts 

BEL Recruitment 2018 – Various Electronics Mechanic Fitter Posts 

The post NFL Recruitment 2018 – Various Accounts Officer Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

Boudh District Recruitment 2018 – Various Cook, Sweeper Posts | Apply Online

Boudh District Recruitment 2018 – Various Cook, Sweeper Posts | Apply Online
Boudh District Recruitment 2018 – Various Cook, Sweeper Posts | Apply Online

Organization Name: Boudh District

Boudh District Recruitment 1

Employment Type: Odisha Govt Jobs

Total No. of Vacancies: Various

Job Location: Boudh, Odisha.

Name of the Post:

Kantamal Block – Model School at Ainlachuan:

  • Warden – 01
  • Head Cook – 01
  • Assistant Cook – 01
  • Chowkidar-cum-Sweeper – 01

Harabhanga Block – Model School at Manipur:

  • Warden – 01
  • Assistant Cook – 01
  • Chowkidar-cum-Sweeper – 01

Qualification:

  • Applicants who have completed 10th / 12th / Any Degree or equivalent from a recognized Institute for Boudh District Recruitment 2018.

Age Limit:

  • Minimum Age Limit: 21 Years
  • Maximum Age Limit: 35 Years

Pay Scale:

  • Rs. 2,500 – 5,000/- Per Month

Selection Procedure:

  • Shortlist
  • Interview

How to Apply:

  • Eligible & Interested candidates can Download Notification From Official website page at www.boudh.nic.in Boudh District Recruitment 2018.

Instructions to Apply:

  • Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with “Application For The Post of …………….”

Address:

  • District Education Office, Boudh.

Important Dates:

  • Starting Date for Submission of Application: 12.11.2018
  • Last date for Submission of Application: 28.11.2018

Important Link:

Other posts you might be interested in:

NHM Odisha Recruitment 2018 – Various Staff Nurse Posts

DRDA Recruitment 2018 – Various Gram Rozgar Sevak Posts

SSB Recruitment 2018 – 833 Lecturers Posts

The post Boudh District Recruitment 2018 – Various Cook, Sweeper Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

IWAI Recruitment 2018 – Various Stenographer, Executive Posts | Apply Online

IWAI Recruitment 2018 – Various Stenographer, Executive Posts | Apply Online
IWAI Recruitment 2018 – Various Stenographer, Executive Posts | Apply Online

Organization Name: Inland Waterways Authority of India IWAI Recruitment 2018Employment Type: Central Govt Jobs

Total No. of Vacancies: Various

Job Location: Noida, Patna, Kolkata

Name of the Post:

  • Assistant Director
  • Assistant Secretary
  • Sr. Account Officer
  • Stenographer

Qualification:

  • Applicants who have completed 10th/ Degree or equivalent from a recognized Institute for IWAI Recruitment 2018.

Age Limit:

  • Applicants Age Limit Should not exceed 56 Years

Pay Scale: Rs. 9,300 – Rs. 39,100/-

Selection Procedure:

  • Interview

How to Apply:

  • Eligible & Interested candidates can Download Notification From Official website page at www.iwai.nic.in IWAI Recruitment 2018.

Instructions to Apply:

  • Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with “Application For The Post of …………….”

Address:

  • “To Assistant Secretary (R&T),
    Inland Waterways Authority of India,
    A-13, Sector-1, Noida-201 301 (U.P.)”

Important Dates:

  • Starting Date for Submission of Application: 12.11.2018
  • Last date for Submission of Application: 26.12.2018

Important Links:

Other posts you might be interested in: 

IOCL Recruitment 2018 – 307 Technician Posts | Apply Online

CRIDA Recruitment 2018 – Various SRF, JRF Posts | Apply Online

Air India Express Recruitment 2018 – Various Officer Posts | Apply Online

The post IWAI Recruitment 2018 – Various Stenographer, Executive Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

NTT DATA Recruitment 2018 – Latest Job Openings | Apply Online

NTT DATA Recruitment 2018 – Latest Job Openings | Apply Online
NTT DATA Recruitment 2018 – Latest Job Openings | Apply Online

Organization Name: NTT DATA

NTT DATA Recruitment 2018

Employment Type: Private Jobs

Total No. of Vacancies: Various

Job Location: All Over India

Name of the Post: 

  • Software Development Advisor
  • Client Tech Supt Associate
  • Build & Integration-Network
  • Senior Developer
  • SAP EP Consultant
  • System Engineering Specialist Advisor
  • Helpdesk Associate
  • HC & Insurance Operations Senior Rep
  • BPO Executive
  • Sr.Basis Consultant – Vertex
  • Siebel Service

Qualification:

  • Applicants who have completed Bachelor’s Degree / B.E / B.Tech or equivalent from a recognized Institute for NTT DATA 2018

Selection Procedure:

  • Written test
  • Group Discussion
  • Personal Interview

Pay Scale:

  • NTT DATA recruitment 2018 will get an excellent salary package along with incentives, perks, and other facilities according to post qualification and experience of applicants

How to Apply:

  • Eligible & Interested applicants can apply via online in Official website page at www.nttdata.com NTT DATA Recruitment 2018

Instructions to Apply:

  • Log on to the Official website of NTT DATA www.nttdata.com
  • Then, Click on the careers link.
  • Select the link available for the opening.
  • Fill the Application with required details for NTT DATA requirement 2018

Important Link:

Other posts you might be interested in: 

Mphasis Recruitment 2018 – Various Analyst Posts

Ashok Leyland Recruitment 2018 – Various Executive Posts

Wipro Recruitment 2018 – Various Developer Posts

The post NTT DATA Recruitment 2018 – Latest Job Openings | Apply Online appeared first on Kappa Jobs.



Source: KJ

Mphasis Recruitment 2018 – Various Analyst Posts | Apply Online

Mphasis Recruitment 2018 – Various Analyst Posts | Apply Online
Mphasis Recruitment 2018 – Various Analyst Posts | Apply Online

Organization Name: Mphasis

Mphasis Recruitment 1

Employment Type: Private Jobs

Total No. of Vacancies: Various

Job Location: Chennai (Tamilnadu )

Name of the Post:

  • Analyst

Qualification:

  • Applicants who have completed Degree or equivalent from a recognized Institute for Mphasis Recruitment 2018.

Job Description:

  • Problem and Incident management under Global Service Desk environment where the Tech support Engineer has to manage client’s queries and technical problems via inbound calls, emails, chat and web tickets within defined SLA’s.
  • Logging incidents and service requests, categorizing and prioritizing them and managing their life cycle as per ITIL guidelines.
  • Update users about request status and close request when users are satisfied with solutions
    Level 1, Level 2 and Level 3 troubleshooting mainly related to desktop/OS, Custom and COTS applications.
  • Exchange related, End devices, VPN, VOIP and share point as per guidelines in the knowledgebase.
  • Remote desktop troubleshooting. Escalate complex incidents/requests to upstream technical groups.

Pay Scale:

  • Mphasis Recruitment 2018 will get an excellent salary package along with incentives, perks, and other facilities according to post qualification and experience of candidates

Selection Procedure:

  • Online Test
  • Group Discussion
  • Interview

How to Apply:

  • Eligible & Interested candidates can Apply Via Online In Official website page at www.mphasis.com Mphasis Recruitment 2018.

Instructions to Apply:

  • Log on to the Official website of Technologies www.mphasis.com
  • Then, Click on the careers link.
  • Select the link available for the opening.
  • Fill the Application with required details.
  • Pay the Application Fee (if required) to complete the Registration Process.

Important Link:

Other posts you might be interested in:

Ashok Leyland Recruitment 2018 – Various Executive Posts

Wipro Recruitment 2018 – Various Developer Posts

HCL Recruitment 2018 – Various Engineer Posts

The post Mphasis Recruitment 2018 – Various Analyst Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ

Ashok Leyland Recruitment 2018 – Various Executive Posts | Apply Online

Ashok Leyland Recruitment 2018 – Various Executive Posts | Apply Online
Ashok Leyland Recruitment 2018 – Various Executive Posts | Apply Online

Organization Name: Ashok LeylandAshok Leyland Recruitment 2018Employment Type: Private Jobs

Total No. of Vacancies: Various

Job Location: Chennai

Name of the Post:

  • Divisional Manager

Qualification:

  • Applicants who have completed B.E / B.Tech or equivalent from a recognized Institute for Ashok Leyland Recruitment 2018.

Pay Scale:

  • Ashok Leyland Recruitment 2018 will get an excellent salary package along with incentives, perks, and other facilities according to post qualification and experience of candidates

Selection Procedure:

  • Written test
  • Group Discussion
  • Personal Interview

How to Apply:

  • Eligible & Interested candidates can Apply Via Online In Official website page at www.ashokleyland.com Ashok Leyland Recruitment 2018.

Instructions to Apply:

  • Log on to the Official website of Ashok Leyland www.ashokleyland.com
  • Then, Click on the careers link.
  • Select the link available for the opening.
  • Fill the Application with required details.
  • Pay the Application Fee (if required) to complete the Registration Process.

Important Links:

Other posts you might be interested in: 

Kotak Mahindra Bank Recruitment 2018 – Various Officer Posts

Tech Mahindra Recruitment 2018 – Latest Job Openings

Mercedes Benz Recruitment 2018 – Various Modeling Engineer Posts 

The post Ashok Leyland Recruitment 2018 – Various Executive Posts | Apply Online appeared first on Kappa Jobs.



Source: KJ