While companies like Samsung, Motorola, Huawei and Xiaomi have announced prototypes of their foldable smartphones, LG seems to be doing something more. LG is biding time to ease into the foldable smartphone segment. The Korean giant has dropped a major hint of things to come at this year’s Mobile World Conference in Barcelona.The company recently sent out press invitations for the event with no information on what they will unveil, except for a 13-second teaser video that says 'Goodbye Touch'. The teaser doesn't reveal much details but perhaps hints at a new LG smartphone with gesture control. With rumours of a new LG G8 ThinQ set to debut at this year’s Mobile World Conference, could we get a glimpse of an innovative gesture-enabled smartphone?The teaser hints to a device which would allow you to scroll through web pages or documents by just waving your hands, implying that the device would be capable of identifying hand movements with the aid of a 3D sensor. A machine … [Read more...] about Goodbye Touch: Will LG unveil latest flagship at MWC 2019 with gesture control?
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A consortium of diversified conglomerate Hinduja Group & Etihad Airways is all set to join the race for Jet Airways and bid for the debt-ridden grounded carrier under the Insolvency and Bankruptcy Code (IBC), four independent sources with knowledge of the matter told Moneycontrol.The Tata Group is currently exploring the possibility of a potential bid but hasn't taken a final call yet. Qatar Airways is also in exploratory mode and may join the fray if it finds a suitable domestic partner, these sources added.Moneycontrol had reported earlier on June 28 that the employee consortium had joined hands with London-based AdiAgro Aviation to bid for 75 percent in the airline through the IBC process. AdiGro Aviation Founder Sanjay Viswanathan said the consortium will bid for 75 percent stake, of which the London-based firm will take 49 percent, and the rest will be with the employees' consortium. There is a 49 percent cap on FDI in the aviation sector.Close "The Hinduja Group & Etihad … [Read more...] about Exclusive | Hinduja-Etihad consortium gearing up for Jet Airways IBC bid; Tata’s, Qatar Airways in exploratory mode
Chennai headquartered government-owned Indian Bank plans to kick-start a fundraising exercise via the qualified institutional placement (QIP) route in a few months, multiple sources with knowledge of the matter told Moneycontrol."Indian Bank is planning to raise around Rs 1,500 crores through the QIP route for growth capital and as of now, plans are to launch the issue in September, post its quarterly results," according to one of the sources cited above."Through the QIP, the government can also reduce its stake in Indian Bank to meet regulatory norms. Plus, the Indian Bank management also wants to revive the operations of its housing subsidiary Ind Bank Housing and scale up its book," added a second source.Close Market regulator SEBI's norms mandate that every listed entity will maintain a minimum public shareholding of 25 percent, though recent reports indicated the Finance Ministry may seek a relaxation of this clause for PSU banks. related news Here’s a look at … [Read more...] about Indian Bank eyeing Rs 1,500 crore QIP In H2 2019
India's largest consumer durables and lifestyle financier Bajaj Finance has initiated exploratory talks with merchant bankers to raise funds through a qualified institutional placement (QIP), multiple sources with knowledge of the matter told Moneycontrol. The company's scrip has rallied nearly 40 percent over the past six months, compared to an 11 percent rise in the Sensex during the same period."They are planning to raise around Rs 3,000 crore through a QIP; talks are at an early stage,” said one of the sources. Non-banking finance companies in general are finding the going tough as the default by IL&FS and its group companies in September last year has made mutual funds wary of lending to NBFCs. With mutual funds asking for their money back, most NBFCs have had to scale down their portfolios. However, market players said that investors are still bullish on top rung NBFC stocks.Close “In the past, all the fund raising efforts by the company have been oversubscribed … [Read more...] about Exclusive | Bajaj Finance eyeing Rs 3,000 crore fund raise
Applying for a home loan? Here we tell you everything you need to know about documents required for home loan.While applying for a home loan, most banks will give you a checklist of all the items you need to submit. You can also check the website of the bank and get a list of all the documents that you need to submit.Primarily, banks require proof for five factors—your age, address, income, property and details of other loans. You need to submit copies of government IDs, bank statements, salary slips, property papers, among other things. In the following sections, we discuss in details all the documents you need to submit.Close Documents Checklist for Salaried Individuals If you are a salaried person applying for a home loan, here are the documents required for home loan:Identity proof: It is mandatory to submit a copy of your PAN Card. Apart from that you can submit a copy of any one of the following:Voter CardAadhar CardValid PassportDriving LicensePhoto Credit CardPhoto … [Read more...] about Documents required for home loan: Home loan documents list for salaried, self-employed & NRI