5 lakh crore for telecom business and acquired additional spectrum for Rs 13,700 crore in the recently held government auction in October 2016. "RIL has invested significantly in its telecom infrastructure and expects to cover 90 per cent of the population by end-FY18. The outlook on the ratings is 'stable', the US-based agency said in a statement. New Delhi: Fitch on November 3 affirmed Reliance Industries' rating at 'BBB-' with a stable outlook on robust refinery and petrochemical business as also "strong growth potential" in recently launched telecom venture. Future capex relating to Jio will depend on the growth of its customer base," it said.24 million barrels per day - and robust asset quality, which enables it to consistently deliver gross refining margins (GRM) above regional benchmarks.8 per barrel. "RIL's ratings are supported by its strong business profile - a large-scale refinery with capacity of around 1. "We also expect Jio's wide range of offerings, including media and entertainment content (offered free till end-2017), to help in subscriber additions and data consumption, which will drive cash generation.

Fitch said it expects strong growth potential in telecom business, and we expect RIL to be able to take advantage of the strong growth potential in the India telecom market.. "We expect the GRM to narrow in the near term in line with the industry trends; although the commissioning of a gasification unit in FY'17 should result in a sustained increase in RIL's GRMs by around USD 1.5-2. "We also expect lower overall capex after FY'18 although the company may continue to invest in its telecom business," it said, adding RIL has already planned a total capex of Rs 1. It said robust refining and petrochemical operations are supported by their large scale, asset quality and the company's leading position in the two segments.5 per barrel," it added. Fitch expects the benefits from its investments in the refinery and petrochemical operations to start accruing from 2017-18 and support improvement in its profitability and operational cash flows.

During the six months to September 30, RIL recorded Gross Refining Margin (GRM) of USD 10.RIL has invested significantly in its automotive injection mold Manufacturers telecom infrastructure and expects to cover 90 per cent of the population by end-FY18. Large investments nearing completion will further enhance the company's competitiveness in these areas, Fitch added. Fitch said that Jio will face intense competition from the financially strong incumbent Indian telecom players, but falling data tariffs will support significant expansion of overall data consumption in India over the medium term. Fitch Ratings has affirmed Reliance Industries' (RIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-', and its Long-Term Local-Currency IDR at 'BBB'. The company also has a strong market position in petrochemicals," it said. We expect the robust infrastructure along with its affordable 4G data offerings to support Jio's growth," it said. RIL launched its telecom business under the Jio brand in September 2016. It said the robust operating cash flows from its refining and petrochemical businesses will provide some cushion against any weak cash generation from the telecom operations for some time

" Asked if enough is being done to unearth black money, Rangarajan said while one thing is to bring it back, the other is to prevent black money accumulation.the opportunity or the scope for creation of black money will be less," Rangarajan said. But if you exclude oil, the non-oil export is also showing a decline, but not severe a decline as the overall exports, because on the import side we are gained by the fall in the oil prices," Rangarajan pointed out. Congress has been stalling the passage of GST Bill over its demand for a simple GST regime where states do not have powers to levy additional tax over a 18 per cent tax rate, which should form part of the Constitutional Amendment Bill. "The export of oil products from India has also suffered because of fall in the value. "When you look at total value of exports, the decline is very strong.Growth rate in the current fiscal ending March 2016 will be around 7.

I would still think that the current account deficit will still be manageable. "But the non-oil exports will depend upon a large extent on how the world economy behaves," Rangarajan added. Finance Minister Arun Jaitley had last week hinted at accepting Congress' stand on scrapping 1 per cent additional tax, but said that their demand for incorporating the GST rate in the Constitution Bill was not agreeable. "Export growth may come down or may be moderated, but at the same time we have the benefit of lower imports because the oil imports. At an industry meet on GST, Jaitley had said the 1 per cent additional tax on inter-state sales was proposed as manufacturing states like Gujarat and Tamil Nadu were of the opinion that they, having spent money on putting up infrastructure, would lose on revenue as GST is more of a destination tax. Referring to the stand-off on GST, Rangarajan, who was also the former Chairman of the Prime Minister’s Economic Advisory Council, said: "But on other issues, I think there should be some amount Tray injection mold of flexibility, and we should also take note that whatever compromise is worked out is acceptable to the states also. That’s my estimate," he said.

Hyderabad: The proposed 1 per cent additional tax on inter-state sales is against the spirit of Goods and Services Tax (GST) and that should not be implemented, former RBI Governor C Rangarajan said. "I think as we move towards less and less controls and as the fiscal system gets stabilised at a reasonable level.the value of oil imports is coming down very fast because oil prices have gone below (USD) 50 (a barrel)," he said.. "I think GST is a good measure.. Much depends upon how the world economy picks up. Certainly that 1 per cent tax, that was contemplated, goes against the spirit of GST, and that should not be implemented," said Rangarajan . "Perhaps the growth rate in the current fiscal ending March 31, 2016, will be around 7.. The states may not like too rigid a formulation. On the country's GDP growth, Rangarajan said the economy as a whole would do slightly better than last year.5 per cent..5 per cent. As for the country's exports continuing to fall for the 12th month in a row in November, he noted that India also benefited from lower imports

"In the field of Alzheimer&crate mold Manufacturers39;s disease research, there has been a major search for drugs to slow its progression."It's worth noting, we did not demonstrate any improvement in cognitive function after a single dose of medication in this study.In the seven patients who were able to complete the study protocol successfully, Press and colleagues analyzed changes in their EEGs. At each visit, patients were given a baseline (EEG) to measure the electrical activity in the brain. That is, researchers saw overall increases in brain wave frequencies that had been abnormally low in Alzheimer's disease patients prior to receiving the higher dose of levetiracetam, and, likewise, saw decreases in those that had been abnormally high. So our findings represent an interesting new avenue.Next, patients were given injections containing either inactive placebo or the anti-seizure drug levetiracetam, at either a low dose (2.5 mg/kg) or a higher dose (7. Today, it affects more than 5 million Americans, a figure that is projected to reach 16 million by 2050 as the population ages.

There have been a lot of disappointments.In the study, a small group of patients with mild Alzheimer's disease visited BIDMC three times.The risk of developing Alzheimer's disease increases sharply with age.After receiving the injection, patients underwent another EEG, then magnetic resonance imaging (MRI) -- which measures blood flow in the brain, another way to quantify brain activity and determine where in the brain it is taking place.Neither patients nor medical professionals knew which injections patients were receiving, but each patient eventually got one of each type, in a random order.5 mg/kg).In recent years, researchers have focused on developing techniques to clear the brain of amyloid and tau protein plaques that build up and wreak havoc in the brains of patients with Alzheimer's disease.The team led by Daniel Z.Washington DC: According to a recent study, the scientists have tested an anti-epileptic drug for its potential impact on the brain activity of patients with mild Alzheimer's disease.

If this abnormal electrical activity is leading to more damage, then suppressing it could potentially slow the progression of the disease," said Press, an Instructor of Neurology in the Cognitive Neurology Unit at BIDMC and an Associate Professor of Neurology at Harvard Medical School.Overall, higher doses of the anti-seizure drug appeared to normalize abnormalities seen in the patients' EEG profiles."The research was published in the Journal of Alzheimer's Disease. It's too early to use the drug widely, # but we're preparing for a larger, longer study," noted Press.Finally, patients took a standardized cognitive test, designed to measure memory, executive functioning, naming, visuospatial ability and semantic function - capabilities all affected by Alzheimer's disease.Press concluded by saying, "These strategies have not led to new therapies to date. Press, MD, of the Berenson-Allen Center for Non-invasive Brain Stimulation at BIDMC, documented changes in patients' EEGs that suggest the drug could have a beneficial effect.

New Delhi: Not everything seems to be good on the Western front!India will be looking with serious concern as the relationship between the United States and Iran is in a dire state and with each passing day it seems to be getting worse.India is the world’s third-largest consumer of oil, with 85 per cent of its crude oil and 34 per cent of its natural gas requirements being fulfilled by imports.6 million tonne (452,000 barrel per day) bought in year 2017-18, as reported by sources.In November, The white house then gave a six month waiver to eight countries, which included India to bring down oil imports to zero.Zarif is making the trip after a few weeks earlier Donald Trump decided to corner Iran, declaring that US will no longer grant sanctions exemptions to Iran’s oil customer. It gave all the countries six months to bring down all oil imports to zero.India, who are the second biggest buyer of Iranian oil after China, were pushed by the US to restrict their monthly purchase to 1.The US were the frontrunners at the United Nations Security Council to list Jaish-e-Mohammed chief Masood Azhar as global terrorist and during those discussions expected assurances from the Indian government on the Iran issue.

Iran, refusing to back down to the US pressure, has ratcheted up tensions.. This will be Zarif’s second visit in 2019.US policy toward Iran, announced in May 2018, involved withdrawing from JCPOA.Raveesh Kumar, spokesperson for Ministry of External Affairs, said the government will be working with partner nations, including the US, to find every possible way to secure and safeguard India’s energy and economic situation. Things are tricky for India, with Iran’s Foreign Minister Mohammad Javad Zarif flying to India on Monday for a scheduled meeting with India’s External Affairs Minister Sushma Swaraj. They want India to support the Trump administration’s will to disrupt and break Iran’s terror networks.Sources also reported that Zarif will brief Swaraj on the impact of withdrawal of JCPOA i. They are also likely to discuss the Chabahar port situation as the Trump Administration has assured that exemption on Chabahar will stand.President Donald Trump abandoned the landmark deal between Iran and P-5+1 countries.India were rather tight lipped after Donald Trump decided to end the waiver but after the April 22 announcement India said they were well equipped to eclipse the impact of the US decision.

The end to the waivers, means India no longer will be able to import oil from Iran, or else its state owned or private firms will face groundbreaking US sanctions.Zarif and Sushma Swaraj are likely to discuss the impact of the US decision and how to develop a course of action to deal with it.The United States have deployed an aircraft carrier and B-52 bombers to send a clear message to Iran China process of molding and the mullahs that it means business.25 million tonne or 15 million tonne in a year (300,000 barrel per day), down from around 22.e Joint Comprehensive Plan of Action and its long and short term consequences and impacts. Zarif is hoping India would rally behind Iran and throw its weight in what characteristically looks like a no holds barred conflict with the US.Early April, Washington made it clear to New Delhi that it supported them throughout the pulwama attacks and it expects India to return the favour and reciprocate. Other countries in the deal namely UK, France, Germany, China and Russia, along with Iran itself highly opposed the decision. “We are adequately prepared to deal with the impact of the US decision,” he said.Sources told The Indian Express that the Iran oil issue was flagged during Wilbur Ross’ visit last week, but US is showing no sign of flexibility to bulge

Germany’s DAX was seen rising 1. While yields on two-year notes hit their highest since April 2010, they were only up four basis points in all at 1.The dollar added 0.28 per cent, while the S&P 500 rose 1.1 per cent higher according to IG.Still, that did widen the premium over German yields to 132 basis points, the fattest since late 2006 and a positive draw for the U.9 percent the day before. This steady decline puts pressure in turn on other Asian currencies to depreciate to stay competitive. Copper slipped 0.16 on Wednesday.S.Oil prices were subdued having resumed their decline on Wednesday to lose as much as 5 percent after U.7 per cent.The Federal Reserve’s 25-basis-point increase was almost a decade in the making and easily one of the most telegraphed in history.7 per cent.”Japan’s Nikkei ended up 1.12 a barrel, after shedding $1.Brent eased another 27 cents to $37.83 percent, well below the 1.6 per cent, on top of a 2. Yet he doubted it would last given most other major central banks were very much in easing mode. government data showed a big, surprise build in crude inventories.41 having already suffered a loss of 4.009 percent.25 to 1.5 percent.794 against a basket of major currencies, and looked set for another test of stiff resistance around the 100.MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.6 per cent gain the previous day.

Australian stocks climbed 1.2 per cent and France’s CAC 40 1.45 per cent and the Nasdaq 1.“A follow-up Fed hike could come as soon as March, aided and abetted by favourable oil price base-effects that will lift inflation almost a percentage point and a potentially mild winter,” said Franulovich.47 yen. The rate forecasts, or dot points, from Fed members were a little higher than many expected with 100 basis points of hikes pencilled in for next year and a terminal rate of 3.The euro dropped to $1.6 per cent, while Shanghai put on 1. U.Asian stock markets jumped on Thursday as investors chose to take an historic hike in US.European shares were expected to follow with Britain’s FTSE 100 set to open 1.4 per cent.China also allowed its currency slip for a 10th straight session to hit its lowest since June 2011.5 percent favoured by the central bank. So there was some relief that, after months of waiting and several false starts, the move was finally done and dusted.S. Markets were soothed by Fed Chair Janet Yellen’s assurance. interest rates as a mark of confidence in the world’s largest economy, lifting the dollar and piling on the pain for oil prices.S.1000 in the wake of the Fed’s statement, while the dollar advanced to 122.”

Such an outcome would spell further trouble for commodities, making them more expensive when measured in other currencies.Moves in the Treasury market were also modest. crude lost 11 cents to $35.Fed fund futures dipped in response, yet the December 2016 contract implies a rate of only 0.3 percent and is down 27 percent lower for the year so far. dollar.Richard Franulovich, a currency strategist at Westpac, noted that historically the China crate mold dollar tended to soften at the start of Fed tightening cycles. On Wall Street, the Dow ended Wednesday with gains of 1.0852 having fallen from $1.9 percent to 98.“We should see a resumption of the dollar’s longer term uptrend as 2016 progresses..52 per cent. “Nothing here to change a view that we can have a moderate ‘risk-positive rallyette’, even if the probability of a March hike is significantly higher than priced.“The Fed will be absolutely delighted with the lack of volatility across all asset classes,” said Alan Ruskin, global head of forex at Deutsche