FW: Muthoot Finance to raise Rs 6,000 cr in FY12

Feed: The Economic Times
Posted on: Monday, August 22, 2011 6:08 PM
Author: The Economic Times
Subject: Muthoot Finance to raise Rs 6,000 cr in FY12

 

Gold financing company Muthoot Finance is mulling over to raise Rs 6000 crore in the current fiscal to meet its working capital requirements, a top executive said on Monday.

The promoters of Muthoot Finance will also dilute five per cent of their share-holding in the next three years.

"The total fund requirement in this fiscal will be Rs 6000 crore. As we are raising Rs 1000 crore through the currently listed retail non-convertible debentures (NCD), the remaining funds will be raised through various options, including bank loans like cash credit," George Alexander Muthoot, Managing Director, Muthoot Group told reporters.

The company's Rs 1000-crore public issue of the secured redeemable NCDs is opening tomorrow.

The largest gold loan NBFC's average lending rate is 21.6 per cent with a net interest margin of 9.5 to 10 percent, while its non-performing assets ratio is 0.3 per cent and average loan size of Rs 35,000, Muthoot said.

"We will offload another five per cent of the equity stake of the company in the next three years. If situation requires we may come out earlier than that," he added.

According to market regulator, Securities and Exchange Board of India (SEBI), promoters of a listed company need to offload 25 per cent equity stake in the open market.

At present, the promoters of Method Finance hold 80 per cent stake in the company.

 

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The best Uninstaller for Windows – Revo Uninstaller VS IObit Uninstaller

 

 

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The best Uninstaller for Windows – Revo Uninstaller VS IObit Uninstaller

via Devils Workshop by Vibin on 8/19/11

Many of my friends are fans of Revo Uninstaller; it's nice but not perfect. The other day I was searching for a good alternative to Revo Uninstaller and here it is, IObit Uninstaller. I'm not a fan of IObit products but this one is worth a trial.

Note: Below is the comparison of IObit Uninstaller and free version of Revo Uninstaller, not the paid one.

IObit Uninstaller is better than Revo Uninstaller in…

IObit Uninstaller is a lot polished in terms of features, below are some its features which are not present in Revo Uninstaller.

• Portability: IObit Uninstaller doesn't need installation, just run the downloaded file and start uninstalling!
• Bulk Uninstall: This is a real time saver, especially for a blogger like me who installs tons of programs.
• Uninstalling Toolbars: Freewares are often packed with toolbars like Ask Toolbar, Brothersoft Toolbar etc. These are of no use; they just eat the space of browser's window. IObit Uninstaller lists all the installed toolbars separately and you can uninstall them like any other program.
• Programs Classification: IObit Uninstaller classifies the installed programs into 4 categories: Toolbars, Recently Installed, Large Programs and Rarely Used. With this, you can easily know which program you need to uninstall and which you shouldn't.
  
• Just What You Want: Revo Uninstaller is packed with some unnecessary tools, for example, Autorun Manager. On the other hand, IObit Uninstaller does just what it promises, no more clutter.

IObit Uninstaller needs improvement in…

Apart from the Hunter mode, the IObit Uninstaller has all the features that are present in Revo Uninstaller.

• Hunter/Drag and Drop Mode: This is useful when the program you want to uninstall is not listed in the programs list. In Revo Uninstaller, just drag the program's shortcut into the icon and select Uninstall from the menu.

IObit Uninstaller is completely free, while Revo Uninstaller does have a paid version. Both the programs support Windows.

Link: IObit Uninstaller

Which one do you like? Revo Uninstaller or IObit Uninstaller?

Related posts:

• [Windows Tip] Select Which Applications You Want to Run During Startup!
• Windows RC 7 released for general public
• Free Premium Anti-Virus for 1 year for your Windows 7 PC
• 3 Free Antivirus for Windows

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Google+ Users Share 1 Billion Items Per Day, Says Larry Page

Google+ Users Share 1 Billion Items Per Day, Says Larry Page: "

Google+ already has 10 million users who share 1 billion items every day, and Google’s +1 button is being hit 2.3 billion times per day, Google CEO Larry Page said Thursday.

Page, speaking to analysts during Google’s second-quarter earnings conference call, also said that 550,000 Android-enabled phones are activated every day and 160 million people use Google’s Chrome web browser.

Page was careful to put those stats, some of which had already been reported, in perspective. Since Google draws the vast majority of its revenues from advertising, products such as Android, Chrome and Google+ are viewed as long-term investments. They can “generate huge new businesses for Google in the long run,” he said.

Nikesh Arora, senior vice president and chief business officer for Google, said that Android’s growth has acted as “an accelerator to our mobile [advertising] efforts.”

Page slices Google’s business into three categories including search/advertising; products that are having strong consumer success, like YouTube, Android and Chrome, and new products like Google+ and Commerce and Local.

Somewhere outside of that are products that Page calls “speculative,” like driverless cars. “We may have a few small speculative projects happening at any given time, but we’re very careful stewards of shareholder money,” said Page. “We’re not betting the farm on this stuff.”

Image courtesy of iStockphoto, sx70

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Screenshots: Inside Google+

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Google+ Logo

This is the Google+ logo.

Google+ Icons

The Google+ icons. Starting top left and circling to the right: Circles, Hangouts, Home, Sparks, Profile, Photos.

New Google+ Navigation Bar

All Google sites will sport the new Google+ navigation bar. It includes notifications, profile information and content sharing options.

Google+ Stream

This is the Google+ Stream, where users share content and see what their friends are sharing. It is similar to the Facebook News Feed.

Google+ Circles

Google+ Circles is Google's version of the Facebook friend list or the Twitter List. Users can select multiple friends and drag-and-drop them into groups. This makes it easier to send stuff to friends, family or the entire world.

Google+ Circles Editor

This is the Google+ Circles editor in action. Google has created unique animations for adding and removing friends through HTML5.

Google+ Sparks

Google+ Sparks is Google's content recommendation and discovery engine. Users can search different topics and find relevant articles, videos and photos. Users can then share that content with their friends.

More About: android, Google, google chrome, Google Plus, trending

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"

Mark Zuckerberg on Privacy, Google and More [LIVE]

Why is Facebook on a product launch frenzy? What does Facebook’s founder think of Google? What is Facebook going to do next?

Mark Zuckerberg, the high-profile CEO of Facebook, has placed his company in the limelight recently with a huge wave of product launches.Facebook Places, Facebook Messages and Facebook Groups all launched within the last three months. It also doesn’t hurt that his company is growing like wildfire and is now worth more than eBay.

Mark Zuckerberg is about to be interviewed by Tim O’Reilly and Federated Media’s John Battelle about Facebook, its new products, the CEO’s view on Facebook’s competition with Google, his vision for social media, and much more. Here are our live notes from their conversation:

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Live Notes: Mark Zuckerberg

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All times are in Pacific Standard Time

5:07 PM: Zuckerberg takes the stage. Battelle brings up Facebook’s new Messages product and wants Zuckerberg to explain what it is. Zuckerberg says, “We didn’t want to build an e-mail product,” (something he has said many times). He then goes into the anecdote about what a high school student told him about e-mail: It’s too slow and formal. He calls Facebook Messages “seamless.”

5:11: E-mail filters have become very good at winnowing out the real junk, but we still get random e-mails from services and utilities. The real way to solve spam is to use your social graph, Zuckerberg says.

5:13: Zuckerberg says photo tagging works much better than facial recognition. With regard to Groups, he says, “Groups is one of our fastest-growing products ever.”

5:15: There’s a discussion about Facebook’s privacy practices. Battelle asks whether it’s his approach to step on toes until people scream then apologize. Zuckerberg talks high-level and doesn’t really address the question.

5:16: The controversy surrounding Gmail and Facebook contact sync is brought up. Zuckerberg says it’s different, Battelle and O’Reilly say it isn’t, and nobody agrees.

5:22: Battelle brings up competition. He says he thinks Facebook looks like it’s at the point for bringing his business model off-site, à la AdSense. Basically, Battelle asks, will Facebook will launch its own version of AdSense? Zuckerberg: “I think we have a lot left to do. Same on the credit side.”

5:24: Zuckerberg: “I think over the next five years, most industries are going to get redesigned around social and people.”

5:25: More than 50% of people use Facebook every day — that’s more than 250 million people.

5:28: Games are the first vertical to be “tipped” to be social.

5:29: Facebook focuses on helping people share. It won’t start businesses in areas of expertise like media, content, or games.

5:33: Battelle: “Do you believe there is just one social graph? … Do you feel that pressure of power?” Zuckerberg started with discussing how the best apps on Facebook went all-in with social on Facebook. Then he says instant personalization wouldn’t have worked a few years ago because it didn’t have critical mass. Zuckerberg says that there can never be “just one” graph. His view is that Facebook makes all of these graphs more interoperable.

5:38: What about the social graphs that would be detrimental to Facebook as a company? Zuckerberg says it’s fine; he doesn’t seem too concerned.

5:41: Zuckerberg is asked about Steve Jobs and Ping. The Facebook CEO responds on social: “Get on the bus.” Either you’re going to have an incumbent that gets social (Zuck says they’re in on it with Ping) or an entrepreneur will take you down.

5:45: Zuckerberg thinks Facebook is in a good place by having a high user-to-engineer ratio.

5:46: An audience member asks what it’s like to be popular and incredibly important/ahead of other entrepreneurs and how that impacts his life. Zuck responds that he’s made a lot of mistakes but it didn’t deter him. You have 100 problems to deal with, but only one or two really matter, he was told by a VC.

5:50: Is education an opportunity for Facebook? Zuckerberg responds that if someone builds a great application, there’s a huge opportunity.

Source: Mark Zuckerberg on Privacy, Google and More [LIVE]