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Doubling investments on Amazon Prime Videos in India, says Jeff Bezos

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Amazon Prime Video is getting good response in India than anywhere else, that is why the company CEO Jeff Bezos has said  he will rise its investment for the streaming service in India .

“In Japan, Germany and in America also Prime Video is doing well.  But India is doing much better than other countries”. Bezos said this on 16 January. He also said  “the world is witnessing a golden age of television, and i want Amazon to be the most talent friendly studio in the world and India features prominently in this plan.

Bezos met Bollywood celebrities at a gathering where he talked with superstar Shah Rukh Khan and director Zoya Akhtar.

The streamer, which rivals Netflix and Hotstar, also unveile seven more shows. The shows are Dilli, Bandish Bandits, Paatal Lok, Gormint, Mumbai Diaries-26/11, The Last Hour and Sons of Soil- Jaipur Pink Panthers, will soon be joining its exclusive Indian content slate.

Bezos said ” A person should not try for a successful formula in entertainment. Storytelling is an incredibly difficult art because people always looking for something new”.”This is one of those businesses which really takes human creativity. I want Amazon Studios to be all over the world. When you look at TV series today, they are really good in terms of content. They’re as good as the very best movies have ever been. And now we’re getting the best storytellers and actors to come and do work”.

“One of the hardest things that humans do is tell creating, engaging, inspiring stories. When you get it right, it can change the world,” he said further.

Amazon Prime has signed up with the majority of Indian production houses and stars for dedicated series and shows. Bezos was also meet some corporate person. Bezos added that “the Prime membership, which comes with free shipping from Amazon, has also proved great for the e-commerce service”.These are the reason we made a decision to increase in our Prime Video investments here” he said. The number of hours that people watched Prime Video had grown by six times in just two years in India, he added.

Bezos came to India on 15 January made a commitment to invest $1 billion in India over the next few years, calling it India’s decade which we have entered in.  Union Commerce Minister Piyush Goyal on 16January said that Amazon has not done any favor by committing the money.

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 Vodafone Idea will try to pay AGR dues, continuation of business depends on SC order

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Vodafone Idea, which was the worst hit by the Supreme Court order in the case related to adjusted gross revenue (AGR) dues on Friday, is in the “process of assessing the dues it will be able to pay to the government and will pay this in the next few days”, the company said in an exchange filing on Saturday.

“We wish to inform that post the hearing yesterday, the company has received letters from Department of Telecommunications directing immediate payment,” Vodafone Idea said on Saturday. Vodafone Idea said” The company is currently assessing the amount that it will be able to pay to DoT and it proposes to pay the amount so assessed in the next few days” .

Debt-floated telecom operator Vodafone Idea on Saturday said it is “assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business”. The company said it is “in the process to pay adjusted gross revenue dues as per the Supreme Court order. However, the continuation of business in India will depend on favourable order on its modification plea filed before the apex court”.

Vodafone Idea said in a BSE filing “The Company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR (Adjusted Gross Revenue), as interpreted by the Hon’ble Supreme Court in its order dated 24 October 2019. The Company proposes to pay the amount so assessed in the next few days,” .

Vodafone Idea Ltd (VIL), whose liability is estimated to be around Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee, has already warned of shutdown if no relief is given.

The company said in the filing”As disclosed in the Company’s financial statements for quarter ending December 31, 2019, the Company’s ability to continue as a going concern is essentially dependent on a positive outcome of the application for modification of the Supplementary Order” .
The next date of hearing is scheduled for March 17, 2020.

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Is SIP a good investment option

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Any investment you make should be in line with your investment profile. This includes your income, expenditure and future financial goals. Depending on your ability to invest you can choose how and where to invest. Different types of investment schemes are available in the market, providing various attractive solutions to your money related issues. One such scheme is Systematic Investment Plan or SIP, which has become a popular choice over time. But before you start investing, the most important thing to keep in mind is to do a thorough background check of the scheme in which you are investing and the company where you are investing. Here is some information which will help you to get a thorough idea.

What is SIP?

A lot of investors are still confused as well as scared when it comes to investing in any type of SIP schemes because of the lack of clarity in their mind. The Systematic investment plan allows you to invest in any scheme of your preference in a systematic manner. It can be weekly, monthly or quarterly as per your preference. There are many SIP plans in India such as Reliance Small Cap Fund, Birla SL Equity fund and many more.

 

The money you invest in SIPs gets invested in mutual funds. In other words, SIP is a tool in itself using which you can invest in mutual funds. It is a smart and hassle-free way to invest in.

Why SIP?

If you want to set specific investment goals and want to handle your finances in a strategic manner, then you should invest your money through Systematic investment plan.

 

SIP comes along with a whole lot of benefits which are highly beneficial for the investor. Below goes the list of some of the benefits which it provides. 

Helps you to become a regular investor

Human beings have the tendency to spend more with the increase in their earnings. It has become a common complaint among many that they are very much indisciplined when it comes to managing their savings. Investing in SIP can make you disciplined in that way. Most of the SIP schemes come in with a fixed investment date, for which you need to keep a sum of money aside. This whole system will inculcate discipline in you and over time will turn out to be a good habit.

 

Set the plan as per your convenience

Investing in any mutual fund through a SIP scheme gives you full liberty to chose the tenure of the investment and also the amount you want to invest. At the same time, you can also hold back the money transfer if you see any problems and start over again.

Allows you to invest small amounts

SIP allows you to start investing from the very start of your career. SIP investments start from Rs500 which anyone can easily afford. Thus a person from not so high financial background can also get high returns by investing small amounts in longer tenure. This further breaks the myth that mutual fund investments can only be done by investing in larger amounts of money.

You don’t need to worry about the market

When you are investing through a SIP plan you don’t need to worry about the rise or fall of the market. When the market is low SIP will buy you more units of a mutual fund and when the market is high it will buy you less unit of a mutual fund. This is also known as rupee cost averaging.

 

Enjoy the power of compounding

SIP allows you to invest for longer periods of time. Over time as your investment starts to generate returns, it gets added to the principal amount bringing in more returns. The process continues during the tenure, bringing in a huge amount. This is termed as the power of compounding.

 

How to invest in SIP?

 

As mentioned earlier, SIP is a route via which a person can invest in a mutual fund scheme. The other route is a one time payment known as lump sum. Now before you select a scheme to start a SIP with, its important to calculate the regular SIP amount. For this you can use any online SIP calculator that is available for free. The first step would be fix the total corpus required for your long term or short term goals, say your retirement or higher education of your children etc and then, fixing the time horizon within  which you want to achieve this goal. In the next step, enter these details in the SIP calculator. Multiple iterations will show how much amount you need to invest monthly and for how long to reach the desired corpus, also factoring in the inflation rate. Once you are done with the calculations, you can simply start an SIP via any of the ways mentioned below :-

 

  • Start SIP by directly investing the scheme from AMC website. Say you want to invest in HDFC Mid Cap Opportunities Fund, You can do so by going to the website of HDFC AMC, create your account, furnish the necessary details and finish the KYC, select the scheme, select the SIP amount and the date from which the SIP needs to start and finish the payments. Your money will start getting auto debited from your account from the date you have set. 
  • The second way to start SIP online is to go via RTAs like Cams and Karvy who have multiple AMCs and their funds registered with them. All one needs to do is be KYC compliant , select the scheme and start investing
  • The third and the easiest way is to go to new age online investment platforms that offer swift onboarding and paperless KYC , as well as host funds from all AMCs

 

SIP s come in with a whole lot of benefits. While investing in SIP you should keep in mind that it has certain risk factors associated with it. A thorough background check is very important before investing in any schemes. You can always check the amount of money you are going to get as a return with the help of the SIP calculator online before investing. SIP generates returns over a period of time so you need to be very patient. If you keep moving out with your fund whenever there is a dip in the market it will only increase your expenses. You can invest in SIP Online by visiting the company website and uploading all the needed documents or offline by filling up forms given to you by the company agent and signing the required documents.

Systematically investing makes you disciplined but it also brings in a lot of responsibilities with it. You need to keep a fixed amount ready for your SIP investments. 

SIPs make you a better and regular investor. It makes you disciplined and more focused on your investment strategies. It further keeps your nature of overspending in control. Compared to other monetary schemes SIP mutual fund is one of the safest and most convenient ways to invest in. Time acts as the key factor in SIP. A large amount of return can be gained by investing a small amount of money, only when invested for a longer period. Investors while investing through SIP must invest for a time period of five to ten years, then only they can avoid the problem of near term volatilities or small returns in comparison to the amount invested. If you have a higher financial goal like investing in real estate or you want a lumpsum amount of money for your child’s education then you must definitely start to invest in SIP. 

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Facebook have 275 Million Fake Accounts Globally- Annual Reports

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The latest annual report of social networking site says that “Facebook has approximately 275 million duplicate accounts out of its 2.50 billion monthly active users as on Dec. 31, 2019”. It also says “As of Dec. 31, 2019, we had 2.50 billion monthly active users- an increase of 8 percent from Dec. 31, 2018. Users in India, Indonesia and the Philippines represented key sources of growth in 2019, relative to the same period in 2018. In the fourth quarter of 2019,

we estimated that duplicate accounts may have represented approximately 11 percent of our worldwide monthly active users. We believe the percentage of duplicate accounts is meaningfully higher in developing markets such as the Philippines and Vietnam, as compared to more developed markets”. According to Facebook, a duplicate account is one that a user maintains in addition to his or her principal account.

Facebook has divided ‘False’ accounts into two categories, user-misclassified and violating accounts. User-misclassified accounts are the alternate accounts users create like personal profiles for a business, organisation or a non-human entity as a pet. Violating accounts which represent user profiles that the site determines are intended to be used for purposes that violate Facebook’s terms of service, such as spamming.

“The estimates of duplicate and false accounts are based on an internal review of a limited sample of accounts and we apply significant judgement in making this determination,” it explained. It further said, “Duplicate and false accounts are very difficult to measure at the scale and it is possible that the actual number of duplicate and false accounts may vary significantly from the estimates.”

The networking site said in the fourth quarter of 2019, it is estimated that false accounts may have represented approximately 5 percent of its worldwide MAUs. Worldwide Daily Active Users increased 9 percent to 1.66 billion on an average during December 2019 from 1.52 billion during December 2018.

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IIP reduce by 0.3% in Dec 2019, inflation rises to 7.59% in Jan 2020: Govt data

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The country’s factory output, which is measured in terms of Index of Industrial Production (IIP) reduce by 0.3 per cent on-year to 133.5 during the month of December 2019, according to the latest data released by the Ministry of Statistics & Programme Implementation (MoSPI).
According to data “The IIP had grown by 2.5 per cent in December 2018. The industrial growth during the period of April-December 2019 rise 0.5 per cent from the corresponding period year ago. The IIP growth was 4.7 per cent during the same period last year, the data showed”.

As per the data, the manufacturing sector output declined by 1.2 per cent on-year to 134.2, and the electricity generation slipped by 0.1 per cent to 150.2. Mining sector output, however, grew by 5.4 per cent on-year to 120.6. Retail inflation (CPI) spikes 7.59 per cent
The retail inflation, which is measured by the Consumer Price Index (CPI) climbed to a 68-month high after it rose 7.59 per cent in the month of January 2020, a separate data by MoSPI showed.The CPI was 7.35 per cent in December 2019 and 1.97 per cent in January last year.

For the second month in a row, the retail inflation data exceeded the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The government has mandated the central bank to keep inflation within the range of 4 per cent with a margin of 2 per cent on either side. Prior to this high, retail inflation had witnessed a spike of 8.33 per cent in May 2014.

The Consumer Food Price Index (CFPI) or the inflation in the food basket rose to 13.63 per cent in January 2020 against 14.19 per cent in the preceding month. In January 2019, the CFPI saw a negative growth of (-)2.24 per cent, the MoSPI data showed. In its bi-monthly monetary policy meeting held last week, the RBI had kept its key interest rates unchanged while maintaining an “accommodative stance”.

The retail inflation has risen primarily due to a spike in vegetable prices that saw a 50.19 per cent year-on-year rise in January 2020. This apart, the pulses and products segment saw a rise of 16.71 per cent, while that of meat and fish rose 10.50 per cent and egg prices gained 10.41 per cent.

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Urban Clap Rebranded as Urban Company

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One of the major players in the gig economy, a home services company, Urban Clap rebranded itself as Urban Company. What exactly is a gig economy? Let us first try to understand this. A gig economy is a free marketplace wherein temporary jobs are widespread and companies enter into a short-term contract with independent workers.

Why is there a need to have Urban Clap?

Start-ups like Urban Clap solves a very important issue of finding a service professional like a plumber. In terms of price, one already knows what price needs to be paid while booking. In terms of safety, a proper background check of the service professional is done by Urban Clap which kind of assures the customer of safety. Not only the customers but also the service professionals are benefitted by this as it helps them to easily search for a job.

Why is Urban Clap not as famous as Uber or Swiggy?

Urban Clap is not talked as much as other famous start-ups like Uber or Swiggy. This is so because one doesn’t use Urban Clap as frequently as these apps are used. For example, AC repair or plumbing won’t happen as frequently as one will order food or book a cab ride. This is something of concern for the company as well. They need to find business segments that can provide them constant revenues. This is one of the reasons that the company has started providing services related to the Beauty and Personal Care segment. This will provide the company with an opportunity to maintain constant engagement from the customer’s side.

Recently, Urban Clap has tied up with IKEA in Hyderabad, wherein they will provide assembling services for the products bought at the IKEA center. This gives them exposure to a new customer base.

Why is the rebranding done?

Urban Clap rebrands itself as Urban Company and repositions itself in its 7 major verticals. This is done in order to achieve the company’s goal of becoming the major player in the horizontal gig economy. The company further wants to further expand in Australia and Singapore. The 7 verticals comprise of- Beauty, Grooming, Spa, Painting, Repairs, Fitness, Yoga and Cleaning. The main aim of the company behind rebranding itself is to have an umbrella brand that will be used across countries. This umbrella brand, Urban Company will have all the sub-brands under it.

 

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