Money likely to move from India markets to China: Marc Faber

Money likely to move from India markets to China: Marc Faber

Equity markets across the world have performed very well as most markets in Asia have given a return of 20 to 25 percent in dollar terms. India is up 30 percent in dollar terms.

“I am positive on emerging markets for about a year relative to the US,” Marc Faber, the editor and publisher of The Gloom, Boom & Doom Report, said on CNBC’s “Squawk Box.”

“If I look back, after 2014, emerging markets grossly underperformed the S&P 500. If we look at major markets in Asia, India rose 30% in USD and Chin hasn’t gone up that much which bring me to conclude that some money will move from India to Chinese markets,” he said.

Why will the money move from Indian markets to China? “Sentiments around China were very negative in the past six months to a year but that is now turning positive,” added Faber.

Commenting on the dollar, Faber said that the U.S. dollar could “easily rebound” by 4 to 5 percent from current levels, but President Donald Trump and his administration stand in the way of the currency’s long-term strength.

The greenback has had a tough year, with the dollar index tumbling nearly 10 percent since the start of 2017. At the same time, gains among currencies such as euro and peso also added to the dollar’s pain, said a CNBC report.

Commenting on Gold, Faber said it is an under-appreciated asset. Data suggest that from December lows in 2015, the GDX, the Gold ETF is up more than 100% and this year the GDX is up more than 25 percent.

If we compare the performance of the S&P, it is a fabulous performance and some gold shares have even done very well, he said.


Medical college admissions: Maharashtra students, parents move SC against change in domicile norms

Maharashtra Students and parents have challenged the decision by the Aurangabad Bench of the Bombay High Court to relax domicile rules for admission to medical and dental colleges.

One in every two students applying for medical and dental seats in Maharashtra is not from the state. Angry with the state’s decision to relax norms and allow non-domicile students to apply for medical seats, medical aspirants and their parents from Maharashtra filed a petition in the Supreme Court on Tuesday.

Directorate of Medical Education and Research (DMER) figures show that the number of registrations of students who have cleared both class 10 and 12 from the state is 49,768, whereas those who have only cleared Class 12 is 48,977.

Explaining why the Class 12 numbers were high, a parent said “Many students come to Mumbai to prepare for medical entrance exams and appear for Class 12 exams in Maharashtra after sitting Class 10 exams in their respective states.” He was of the opinion that they should not be given the advantage meant for children with state domicile.

On July 7, the Aurangabad bench of the Bombay High Court relaxed domicile norms for medical and dental aspirants in the state. Originally, those who had cleared class 10 and 12 from the state or had a domicile certificate – a document showing that the student had lived in the state for the required number of years – were eligible for state quota seats. Now the rule making Class 10 compulsory has been dropped. “Those who have cleared Class 12I from Maharashtra, even without Class 10 from the state, will be eligible for state quota seats from now,” said Dr Pravin Shingare, director of DMER.

Commenting on the move another parent said “Earlier this year SC was very clear that no more cases on medical and dental admissions should be entertained by High Courts till admissions are over. How can the Aurangabad bench allow such changes to the admission process while the registrations are on?”

DMER’s decision to announce a revised provisional state merit list before the first seat allocation list for state quota seats has brought some relief to the parents and students. “We hope the SC will support our stand before the first seat allotment list is released,” one of them said.

While the petition is up for hearing in SC this week, the first seat allotment list for admissions to state quota seats in government-run and private medical and dental institutes in the state will be released on July 25.




SuperSuit ‘Wearable Gaming Platform’ to move Up for Pre-Orders in September

SuperSuit 'Wearable Gaming Platform' to Go Up for Pre-Orders in September

SuperSuit was first launched in CES 2016.
SuperSuit incorporates gesture manage era with out of doors gaming.
it will likely be available for pre-order from September.
A US-primarily based recreation design business enterprise SuperSuit has launched globally the sector‘s first wearable platform ‘SuperSuit’ that consists of gesture manipulate technology with outsidegaming. involved clients can now sign up for pre-orders, so one can start in September.

First launched at client Electronics display (CES) in January, ‘SuperSuit’ reduces screen time, increasessocial interaction, encourages physical activities and helps non-violent gaming.

outdoor gaming is slowly losing its relevance thanks to the shrinking outdoors in city spaces and safetyworries in suburbs. we’re determined to carry back gaming in its actual avatar by way of amalgamating the idea of outdoor gaming with gesture-control technology,” Rajat Dhariwal, Co-Founder and CEO of SuperSuit , stated in a assertion.

‘SuperSuit’ comprises devices – a vest and glove. The laser tags at the gaming equipment works with gesture control technology.

even as the vest information hits and presentations rankings in shape of lights, audio and hapticcomments, the glove enables the interactivity among players with triggers to send beams.

The healthy‘s accompanying cellphone app additionally allows mother and father to screen their kid’shealth facts and tune their location.

The corporation has appointed, Alice Brooks, the founding father of stressed toy building organisationRoominate.

other than her, Rajiv Patel, owner peoplebased product development studio carry tasks and author of first FitBit cell app, has also been roped in as the pinnacle of layout.

we’re excited to have toy enterprise veteran Alice and UX expert Rajiv on board the SuperSuit team with a shared imaginative and prescient of an energetic and balanced adolescence,” Dhariwal brought.

The corporation additionally introduced a sparkling round of investment from Ratan Tata and founders of unicorn corporations Flipkart (Binny Bansal), Ola Cabs (Bhavish and Ankit) and Freshdesk (Girish Mathrubootham).

The maximum latest investments had been raised from Ratan Tata, chairman of the TATA conglomerate. Theemployer has raised fundings of over $2.5 million until date.

‘SuperSuit’ might be to be had for pre-order from September this yr.

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Tags: Gaming, Ratan Tata, SuperSuit, Tata, Wearables


SoundCloud move Subscription Expands to the United Kingdom and ireland

SoundCloud Go Subscription Expands to the UK and Ireland

German on-line song start-up SoundCloud said on Tuesday it has improved its new subscription carrierSoundCloud go to the UK and eire, weeks after launching inside the america as it chases competitiontogether with Apple and Spotify.

SoundCloud, which enables people to report, upload, promote, and percentage their own tune anddifferent audio documents, stated it would offer its content material freed from advertising in theunited kingdom for a month-to-month subscription price of GBP 9.99 ($14.64) and in eire for EUR nine.99($11.50).

last yr clients spent $5 billion on tune streaming subscriptions, a upward thrust of 70 percentage from theprevious yr.

“Streaming is at a completely early degree,” Eric Wahlforss, SoundCloud’s chief era Officer and co-founderinformed Reuters.

“SoundCloud isn’t always a profitable enterprise but. And this is very intentional. we’re investing heavilyin boom and that is what we will continue to do. we are on this for the lengthy haul.”

SoundCloud presently has 175 million customers however Wahlforss stated he couldn’t supply an indication of its wide variety of paying subscribers as most of them had been nevertheless of their freetrial duration.

Spotify had 30 million subscribers at the end of March, even as Apple tune had a tally of greater than 10 million subscribers early this 12 months.

SoundCloud’s Wahlforss said the organisation could unexpectedly introduce SoundCloud go to differentcountries round the sector.

we’re planning to roll out to a couple of territories this year. we’re searching at multiple years to in realitytake this to the whole global,” he stated, declining to give similarly details about the subsequentinternational locations it intends to roll out.

Financing the roll-out isn’t always a hassle, Wahlforss stated.

SoundCloud earlier this 12 months raised round $35 million in debt financing and has an option to securesome other $70 million via a convertible bond.

“The business is well funded and we are able to preserve executing in accordance to devise,” Wahlforsssaid.

© Thomson Reuters 2016

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Tags: home amusement. Apps, net, SoundCloud