Month: May 2022

Farmers need not worry, government will buy wet paddy from farmers: Telangana CM

The Telangana government will buy paddy soaked due to recent rains and farmers need not worry about it, Chief Minister K Chandrashekhar Rao said on Wednesday.

Rao, who held a review meeting on rice procurement, asked officials about arthritis bags, transportation and other aspects of the problem, an official statement said.

The Chief Minister directed that the monsoon season is approaching to speed up the collection of paddy.

Officials informed the Chief Minister that a target of 5.6 million metric tonnes of paddy has been set. They said that 2 million metric tons have been collected so far.

Due to unseasonal rains in some parts of the state, the harvested paddy is getting wet and due care should be taken, Rao said, adding that the state government would procure wet paddy till the last crop irrespective of the cost.

Rao reiterated that the state government would buy cooked rice from farmers without worrying about the cost and whether the Center had bought grain, the statement said.

The opposition Congress has attacked the TRS government for putting paddy farmers in a difficult position by not completing the paddy harvest quickly against the backdrop of rains.

Fintechs, retail banks can work together for the good of the customer: HSBC’s

Globally, retail banking is undergoing a major transformation due to new technologies, competition from fintech firms and millennia of technology-savvy. However, it is not that the traditional banks are becoming obsolete. They are gaining momentum by digitizing their processes, by keeping applications in the cloud as much as possible, and by partnering with Fintech to offer customers a frictionless ride. Indeed, the outbreak of the epidemic has further accelerated the digitization journey of banks.

In an exclusive interview with Anand Adhikari, Managing Editor, Business Today, Nuno Matos, HSBC’s Global Chief Executive of Wealth and Personal Banking, discusses the changing face of retail banking. Excerpts from an interview.

BT: Tell us what kind of transformation is taking place in global retail banking?

NM: Most banks worldwide, and of course HSBC, are already digital banks. Today, 93 percent of our global retail and resource transactions are through digital channels. In fact, we are much more than a digital bank. That is the difference. We believe in a model where we offer our best advice combined with the best-in-class benefits of a digital experience. This is our model.

We believe that to be relevant to our customers, to be the most relevant financial services provider, we need to bring people and digital together. It just can’t be digital. It also depends on the department you serve. Some sections, naturally, are served more digitally. Where other departments demand more banker and relationship managers interaction. Our model is a hybrid model that combines the best human advice with the best of digital and technology. And it is important to understand why.

We strongly believe that technology and digital platforms bring many benefits. It allows customers to bank on their terms, wherever they want, when they want, but trust, which is what we believe is all about our business. A high level of trust. Belief is about people interacting face to face with our customers. It is a model that has the best people and the best technology This is what we believe. It goes without saying that more transactions will be converted to digital. Our strategy is very simple. Customers can do whatever they want on mobile. We call this mobile first method.

BT: What kind of behavioral changes have you noticed in consumers since the epidemic?

NM: Customers have certainly accelerated their digital adoption. It goes without saying. What we saw in two years was probably the equivalent of that [digital adoption of] The previous five years. Over the past two years, we’ve significantly accelerated customer acceptance, both in terms of how they’re opening an account, becoming more digital, or part of our sales now coming through digital platforms via mobile, or payment and balance advising, servicing transactions that go digital. That was a tremendous acceleration.

There are other trends towards investment. We see customers becoming more sensitive to sustainable investment themes. Consumers have linked the epidemic to a world that is not sustainable with a non-green world. And the epidemic had the effect of calling for a more sustainable world. We’ve seen our clients want to invest more in sustainable investment opportunities. They want to influence the transformation of the world into a green economy. Consumers have also become more concerned about their well-being, their health and well-being.

BT: Are there enough investment opportunities in sustainable themes?

NM: We are launching a number of funds that are primarily invested in companies that are transformed into a green way of manufacturing and a green way of managing their carbon footprint. We are offering green mortgages in some markets. We are offering electric car financing. On the one hand, we are helping our clients finance their world transition using their investments. And also, we are financing our customers to improve the quality and durability of their property, such as their house, car etc.

BT: Can you name some destinations or countries where banks are offering sustainable investment themes?

NM: We are doing this in places like Hong Kong, UAE and Egypt. This is to give you an idea of ​​the countries where we already have green debt products. In terms of investment, we are offering it all over the world wherever we work.

BT: What do you see as the global trends in branch expansion and recruitment? Digital is definitely going to reduce the intensity of the retail business branch and people. Your comment?

NM: Global, the trend is clear. Branches in most markets are reducing their numbers. This is simply because customers are changing their behavior, as simple as that. Customers are going low in both the branches. As I said, for some very obvious element of their financial life, they still want face-to-face interaction or human touch. There are many ways you can combine humanities with banking relationships. So worldwide, that’s happening. I am sure that over time, those trends will come to the market like in India. But again, we believe that the combination of physical distribution and digital distribution is the key. We will continue to invest in equipping our branches to sell to our customers.

BT: How do Indian activities keep pace with the digitization journey and global support?

NM: In India, we are on a very clear path to grow and improve our services It is one of our top four markets in Asia. HSBC is the World Bank of Asia. We are very committed to the four major markets of Hong Kong, China, India and Singapore. India is one of our top four bets in Asia. And we’ve been investing a lot of resources in our digital capabilities, people’s capabilities, our platforms for customers and especially in terms of recruiting people. You can count on our services to continue to make significant improvements

BT: Are banks partnering with Fintech for new technological capabilities and to reach new sets of customers?

NM: Fintechs, in our opinion, is a good force for customers. They are bringing better customer experience. We want to partner with Fintech so they can add their journey to our mobile app. And we’re able to provide more efficient, more efficient, faster, better customer journeys. We see them as competitors. We also see them as partners because, many times, by combining the two capabilities, we are actually serving customers better. So, we see them as a force for good because competition is good for customers. And partnership is good for customers. That’s the way we see them. And that is, I think, how customers see them too.

BT: Does the bank have a unique fintech partnership worldwide?

NM: We constantly partner with Fintech when we want to improve our journey. I’m not going to give any specific quotes, but I’m going to tell you that, for example, in order for you to be able to manage your credit card on mobile, we’ve partnered with some fintech in some markets, which allows us to collect multiple data from customers and our Allows to block or unblock his card on mobile. Also, the bars have features like blocking card usage We are combining many trips from Fintech on our mobile rides to offer customers more powerful. This is how we see them as partners.

BT: We’ve heard of many robot advisors in asset management. Tell me about taking Robo Advisor?

NM: We again believe in robotic advice as a combination of human advice. Robo Advisory is more than enough for mass markets and emerging affluent places because it usually does not involve human advice. You profile yourself, answer some questions and then the model will recommend investment based on profile. We do this in some countries. However, we supplement it with human advice. I see Robo Advisory as a component of banks advising their clients on what to invest. But this is not the only one And I must say our model, it’s just a component.

BT: How acceptable is the regulatory system towards new technologies like blockchain? Is the regulator before the curve?

NM: I think the regulations have been very progressive in allowing market development. We see many great developments in the Indian market. I fully acknowledge that there is a desire to have a progressive approach to financial services

BT: Have you seen some fintech players scale up and emerge as big players in the financial services market?

NM: We are highly relevant to our customers. Why? And it’s important to compare. We lend to their needs. We lend on mortgages, cards, personal loans, etc. We manage our clients’ investments, including savings and investments, mutual funds, equities and bonds. We allow all that. We protect their families, their lives and their property through insurance. We are highly relevant to our customers. And we do it through human channels (public consultation) and digital channels. This is what makes us so relevant to the lives of our customers.

For a fintech to be relevant, they need to expand their services in the same way. I’m sure they will. Some will convert from mono line products to multi-line products. Others will not. There is space for different models. We believe that our model is very relevant to be a 360-degree provider to our customers in a multi-channel manner. We are world wide in terms of products. This is our model.

BT: Tell us about HSBC’s strategy in India.

NM: I think it is important to determine where HSBC wants to compete in retail and resources in India because the strategy then defines what you will do and our strategy is very clear. We want to be the leading international bank for the rich and high-net-worth population in India. And when I say rich, I mean rising rich, mass rich, rich and high wealth. That is our goal. That’s where we believe we have the right to win. We have no right to win in other divisions. So that’s where we want to compete. And tied to that opportunity, we want to be very present to bring Non-Resident Indians (NRIs) back to India to invest in their country. And for these parts, we provide asset lending and transaction related services, including payments, cards, etc. We want to be a complete financial services provider in this department

BT: In India, foreign banks are coming out of retail banking. Your comment?

NM: We are highly committed to the Indian market. We have a very clear strategy. And this is the key. We know strategically where we can win [and] Where we can provide the best-in-class service to our customers. And in India, HSBC being an emerging rich and high network, these are the three segments where we want to be the leading international bank.

We believe we can succeed. If we provide the best digital service in class, which is important in India. India has jumped into many markets of the world. And now it is one of the most advanced mobile players in the world. We have to deliver that quality. At the same time, we have the best, best products on the advice of class people, which are made in many parts of the world. So, we have all the ingredients that a global player can bring to the Indian market.

Staff Selection Commission Jobs: SSC invites application for 835 Head Constables

Jobs of Staff Selection Commission: The Staff Selection Commission (SSC) has invited applications for the post of Head Constable (Ministry) in Delhi Police. Although the application process has already started on Tuesday (May 17, 2022), the last date to apply is June 16, 2022.

Candidates can apply through the official website ssc.nic.in. Although the last date for submission of application fee by invoice is June 20, 2022, candidates will be able to edit their online application forms from June 21, 2022 to June 25, 2022.

Here is how candidates can apply for the post of Head Constable:

* Candidates can first visit the official website ssc.nic.in.

* They can now register and log in to the website.

* Candidates now have to file the required details.

* They can now fill out the application form.

* After that, they need to upload the required documents.

* Candidates can now pay the application fee.

After paying the application fee, candidates will have to keep a hard copy for themselves for future use.

The test will be held in September 2022. The commission has notified 835 posts, of which 559 have been reserved for male candidates and 276 for women.

Candidates seeking to apply for these positions must be between 18 and 25 years of age on January 1, 2022. Please note that SC / ST / OBC or Ex-Servicemen candidates will be given relaxation in the upper age limit. Also, at the time of submission of application, candidates must have at least Class XII passout or equivalent.

Those who have been selected for the above posts will be eligible for salary in the salary matrix of Rs. 25,500-81,100. They are requested to go through the official notification before applying on the official website at the link above.

Stock to buy with Anil Singhvi: Sanjeev Vasin chooses L&T, Bajaj Finance, Emphasis

Sanjeev Vasin, a market expert and director of IIFL Securities, said on Wednesday that it takes 1-2 days to build a floor. He says it is happening now and he hinted at it on Monday. He also gave a target of 16250 for the Nifty50 and expressed hope that the market would cover it soon.

Vasin was talking to Anil Singhvi, managing director of G Business, on a popular TV show ‘Vasin Ke Hasin Share’. He has selected four stocks for investors which will give high returns.

Talking about the market update, Vasin said that Reliance Industries Limited, Hindustan Aeronautics Limited, Bharat Electronics Limited, MCX, Ultra Tech, M&M Finance, Vedanta Limited and Hindalco Industries Limited.

For today, Vasin has recommended Call to buy four Which will be beneficial for investors.

Larsen & Toubro Limited
Vasin recommended Larsen & Toubro Limited stock as his second choice. L&T is the most privileged, he said. The company says it will see double-digit growth in the Middle East with 44% order inflows. Experts say that L&T is going to be the top if the market is to grow.
Price: Rs
Target: Rs
Stop Loss: —-

Watch the full video here for more details:

Bajaj Finance
Vasin Bajaj Finance has recommended the stock. This stock is being re-traded, he said. He said that investors will get the opportunity to buy a stock of Rs 7400 for Rs 5900 and there is no better time to buy this stock.
Price: Rs
Goal: Rs
Stop Loss: —

Emphasis Limited
Vasin recommended Emphasis stock as his third pick. He said this midcap IT stock is low quality.
Price: Rs
Target: Rs
Stop Loss: Rs

Sun TV
Vasin recommended Sun TV’s stock as his fourth pick. He said unprecedented numbers would come to the stock and the ARPU would grow as far as revenue goes.
Price: Rs
Target: 450 rupees
Stop Loss: Rs

515 crore has been allocated for cyber security program for 2022-23: Rajiv

India has emerged as one of the largest connected countries in the world, with more than 800 million Indians currently connected (using the Internet and cyberspace) and this number is expected to touch 120 million in the next few years. The Government of India has spent Rs 809.58 crore for this from 2019-20 to 2021-22. Also, Rs 515 crore has been allocated for cyber security program for 2022-23, said Rajiv Chandrasekhar, Minister of State for Electronics and Information Technology and Skills Development and Entrepreneurship (MeitY). MeitY is also implementing a project titled ‘Information Security Education and Awareness (ISEA) Project Phase II’ at a cost of Rs 96.08 crore for information security, training of government employees and capacity building in public. Information security awareness for different users, added the Minister.

Releasing a Frequently Asked Questions (FAQs) on Cyber ​​Security in New Delhi today, Chandrasekhar said, “Online security, online trust and online accountability are important for our government’s policy objectives and our duty towards the digital citizens of India. It has taken many initiatives over the years and has spent a considerable amount of money on creating an environment of security and confidence and tackling cyber security online. ”

A total of 78,021 candidates have been trained or are undergoing training in various formal / informal courses in data protection through 52 institutions, the minister said. In addition, the 5 technical universities participating under the project have reported about 2.74 lakh candidates as being trained in formal courses in their respective affiliated colleges. 22,881 government employees have been trained in data protection through direct / e-learning / VILT mode, including 10,045 government employees of Union Ministries / Departments. So far, 1,360 awareness workshops have been conducted across the country, 2,44,883 participants in 41 training programs and 1,24,086 school teachers have been trained as master trainers. About 5.75 crore beneficiaries have been affected through indirect mode, the minister said.

“The point I want to make is that cybersecurity, online security, online trust and secure cyberspace is a very important goal and a very important goal for a country like ours, which has a trillion-dollar economy and 1.2 billion Indians aspiring online. A large number of initiatives have been taken and the cyber security guidelines are part of an overall strategy to create a secure cyberspace, “added Chandrasekhar.

As the Internet is being used for countless other applications and services, including business, education, finance and digital government services, it is the policy goal of the Government of India to ensure a secure and reliable Internet experience for Indian Internet users. Cyber ​​security guidelines are part of an overall framework to ensure online security and trust for users, the minister added.

Top financial mistakes that can derail your investment journey

After saving money, you need to invest properly to cover risks, save taxes and generate profitable returns. If you do not invest, the money saved will lose its purchasing power over time. On the other hand, a planned investment will help you meet your financial goals with relative ease. For this, you must avoid investing mistakes.

Wrong with investing

The following are some mistakes that can derail your investment journey:

There is no diversity in the portfolio

For example, putting all the eggs in the same basket can ruin the egg, and all investments in a single instrument – especially equity – will lose all money. So, to reduce the risk of losing money, you need to diversify by investing in multiple materials. Variety will ensure that you do not lose all your money, even if one instrument fails to perform.

Extremely conservative approach

It is said that the biggest risk is not taking any risk. In order not to take any risk, if you put all your money in fixed-income instruments, you will gradually lose the purchasing power of the invested capital. This is because interest earned on fixed income instruments – such as fixed deposits (FDs), recurring deposits (RDs), etc., is generally taxable and such instruments can rarely lose the rate of inflation. Without any indexing facility, income after tax deduction lags behind the rate of inflation, resulting in a gradual decline in the purchasing power of capital invested over time.

Thus, investing in fixed income instruments does not raise capital – as in equities during market volatility – the double-edged sword of taxes and inflation impoverishes conservative investors.

No idea about compound energy

Even if an instrument pays a higher compounding interest than a instrument that pays higher general interest, over a period of time, the instrument that provides a compounded return will offer a much larger profit. The profit margin between the instruments will increase exponentially with each passing year.

Albert Einstein, the greatest scientist, once said, “Cyclical interest is the eighth wonder of the world. He who understands, earns; He who does not pay, pays. “

So, do not underestimate the power of compounding and do not invest in instruments that provide a compounded return.

Taking unnecessary risks

The best investment plan is one that helps you reach your financial goals with minimal risk. So, if you can reach your financial goals with less risk, there is no point in risking your money to get a higher return.

Looking forward to a quick return

One has to plan his investment to meet the long term goal. If the objective is achieved quickly, the chances of losing money are high. In order to get a quick return from equity, people usually make the mistake of investing in a higher market – when existing investors have already made a profit – and see their investment in a negative state and exit the lower market.

However, if an investor enters the market with a long-term outlook, he can ignore the short-term volatility and stay in the investment to get a higher long-term return.

Don’t seek professional help

To get a long-term investment plan to meet your financial goals, you need to have a comprehensive financial plan. It is best to seek the help of a professional financial advisor to create a financial plan that will help you to ensure that you stay in the investment to meet your goals during market volatility.

Failing to invest in learning

In addition to professional help, you need to invest your time and money in learning investment strategies. Learning will give you more confidence and help you stay on your investment path.

Inflation in India Rating FY23 reached a 9-year high of 6.9%; The RBI expects

The average headline inflation in FY23 is expected to reach a nine-year high of 6.9 per cent, PTI reports on Wednesday, citing India Ratings and Research. The domestic rating agency has said that the Reserve Bank of India (RBI) may consider further rate hikes in the financial year.

According to India Ratings and Research, the RBI will raise rates by another 75 basis points and even 125 basis points (1.25 percentage points) if events and data changes are too unfavorable, PTI said.

The first rate hike by the RBI could lead to an order of 0.50 per cent in the June 2022 policy and another 0.25 per cent in the October 2022 policy, the agency said, adding that the cash reserve ratio could be further increased by 0.50 per cent. It will stand at 5 percent by the end of the financial year.

At an off-schedule meeting on May 4, the RBI raised the repo rate, lending it to the system by 0.40 percentage points, and the CRR or percentage of deposits required banks to park with the central bank by 0.50 percentage points, citing the threat. Inflation targets.

According to PTI, the April Consumer Price Index (CPI) fell to 7.8%, surpassing the RBI’s upper tolerance zone of 6% for the second consecutive month. All analysts agree that excess growth is on the way and that it will slow down GDP.

Retail inflation will rise until September 2022, then gradually decline, saying it is likely to exceed 6 percent for four consecutive quarters, starting in the fourth quarter of FY22 and ending in the third quarter of FY23.

It should be noted that the RBI is obligated to keep inflation below 6 percent through its agreement with the government, and the central bank will be forced to explain why it failed to do so for three consecutive quarters, PTI said.

According to the rating agency, retail inflation averaged 4.1 percent between FY16 and FY19, and crossed the tolerance level of 6% for the first time in December 2019, just on the verge of the COVID-19 epidemic. Despite declining demand during the epidemic, monthly retail inflation was above 6.0 percent as of November 2020 due to supply-side disruptions.

Meanwhile, the rating agency said that the rupee was under pressure due to outflow of funds due to tightening global rates and imports continued to rise as oil prices tightened. According to the report, the rupee will depreciate by about 5 per cent at FY23, averaging Rs 78.19 against the dollar, PTI said.

At the same time, this work has become even more important in the trillion-dollar digital economy, he added.

Safe and reliable internet for everyone. All these rules have been made in consultation with the industry, so it is the responsibility of everyone to abide by them. He further said that any cyber crime should be reported within 8 hours. All companies must keep their database secure for 180 days. Those who do not will have to follow it. These companies cannot deviate from the rules of the country, says Chandrasekhar.

Wind Goose Sale: Legal Eagle warns of winning bid bids with guidelines

Although Almas expressed surprise at the ruling of the National National Company Law Tribunal (NCLT), legal experts say the development could be the result of a winning bid by the Star 9 consortium to disqualify Pawan Hans.

Surprised by the April 20 NCLT order, Almas Global Opportunity Fund called it “sudden” and “premature”, in a statement. The company claimed that the NCLT order held them off guard because they sought extra time from EMC Ltd’s Committee of Creditors (CoC) to complete the transaction due to adverse market conditions.

Along with Big Charter and Maharaja Aviation, Almas Global is also part of the three-way Star9 consortium that has successfully bid Rs 211.14 crore for Pawan Hans. However, in the case of unrelated EMC Ltd, the NCLT order is likely to derail the helicopter service company’s investment for the fourth time.

Almas Global was declared a successful bidder for bankrupt Kolkata-based power system player EMC Limited when its resolution plan was approved by NCLT. The NCLT managed to pass its April 20 order due to delays in depositing funds for the process in part of the Cayman Islands-headquarters funding, the winning bid for Pawan Hans was announced nine days earlier.

In a statement, Almas Global said the company had already begun the process of going to the National Company Law Appeal Tribunal (NCLAT) – the higher appellate authority – to pay the prescribed amount and finalize the transaction for the acquisition of EMC Limited. According to the approved resolution plan.

“While this overall NCLT process and order has shaken our confidence in the overall process, we remain committed to investing in India and Indian companies,” the Cayman Islands Registered Fund noted.

Meanwhile, legal experts told Business Today that the Star9 consortium bid for Pawan Hans – a 51:49 joint venture helicopter service (JV) between the government and ONGC – could be disqualified if it is found to have violated the Almas Global Disinvestment Guidelines.

“The NCLT’s Kolkata bench’s order raises some strong questions about the credibility of the majority of bidders in the context of Pawan Hans’ investment and thus some strong questions about the bid,” said Neha Singh, an associate partner at law firm Link Legal. .

Failure to implement solution plan

NCLT observed in its judgment that Almas Global, after becoming a successful Resolution Applicant (SRA) relating to corporate debtor EMC Limited, did not fulfill its obligation to implement the resolution plan under its terms. The NCLT observed that Almas did not show any intention or even take adequate steps to demonstrate its willingness to implement the Global Resolution Plan.

The NCLT, therefore, assumes that the Company and its officials are liable for violating the approved Resolution Plan in terms of Section 74 (3) read with Section 236 of the IBC. While forfeiting the Rs 30 crore Performance Bank Guarantee, NCLT further observed that the attitude of Almas Global made it a suitable case under Section 74 (3) of the IBC which applies to anyone who knowingly and intentionally violates such terms. One of the aspects of a resolution plan or its persuasion

“The Successful Resolution Applicant (SRA) has taken the whole process for a journey, and nothing really can justify this boldness. Intentional breach ‘may be applied to satisfy the test, “the NCLT order said.

“The punishment for an offense under section 74 (3) of the IBC is not less than one year, but may be up to five years or a fine which may not be less than one lakh rupees, but may extend up to one crore rupees or more. Both cases will be tried by a special court set up under the Companies Act under Section 236 of the IBC Offenses Act, ”said Ajay Shaw, a partner at DSK Legal.

The government is examining the NCLT order

The government is currently examining the NCLT order to determine whether investor and public asset management department (DIPAM) guidelines have been violated by the bidder.

“The NCLT’s decision now needs to be examined in the context of the removal of Pawan Hans where Almas Global is part of a consortium that has bid for Pawan Hans. Failure to meet the eligibility criteria will result, ”said DSK Legals Shaw.

“The NCLT order needs to be looked at closely for evaluation if it leads to a violation of the DIPAM disinvestment guidelines, which determine the disqualification of a bidder, primarily because of a conviction by a court of law or because of an alleged or adverse order by a regulator. That authority casts doubt on the ability of the bidder to operate the public sector unit when it is invested, ”warned Link Legal Singh.

“Since Almas Global holds 49 per cent of successful bidders, i.e. Star 9 Mobility, the above could potentially be the reason for disqualification of bidders and bidders,” he added quickly.

DIPAM has declared the Star 9 Mobility consortium as the winning bidder for 37-year-old Pawan Hans after three failed attempts before its removal.

Read more: Edible oil maker Ruchi Soya Patanjali to acquire Ayurveda’s food retail seed

Read more: Indigo hires Peter Elbers as CEO; Ranjay Dutt is retiring on September 30

Smriti Irani launches BRICETC, an ad-tech platform designed for young candidates.

On 16 May 2022, the Union Minister for Women and Child Development, Smriti Zubin Irani, launched BRICETC, an ad-tech platform to make creative education accessible to all at an affordable price.

“Pune’s local IT talent has made creative learning possible for everyone, and I am optimistic about the future talent in India. There is an incredible evolution in the education system and BrickETC will help students unleash their creative emotions and ensure wise decision making,” he said.

Also present on the occasion were Chandrakant Patil, State President, Bharatiya Janata Party, Madhuri Misal, Member of Maharashtra Legislative Assembly and President of SMEF’s Brick School of Architecture and Interior Design.

BrickETC aims to provide guidance from experts in the field to navigate through the various options in the creative world and to make an informed choice based on their experience on websites and apps. BrickETC will offer more than 20 courses, including animation, graphic design, architecture, film making, photography and fashion designing.

BrickETC is the brainchild of Pooja Misal, founder and director of SMEF’s Brick School of Architecture and Interior Design and CEO of BrickETC.

Read more: Indian parents spend Rs 20,000 for education in government schools, according to SchoolNet survey

Sennheiser Momentum True Wireless 3 has been launched with 28 hours battery life

German audio brand Sennheiser on Wednesday launched its Momentum True Wireless 3 earbuds in the Indian market. This comes in terms of sound quality, adaptive noise cancellation (ANC) and ease of wearing.

The earbuds offer a variety of technologies and features that take the listening experience to a whole new level, the company said. Priced at Rs 21,990, the new earbuds are available across online platforms. It comes in three color options – black, graphite and white.

“Our Momentum series has consistently succeeded in redefining the boundaries of possibilities. Momentum True Wireless 3 is built on a strong tradition. Kapil Gulati, director, consumer segment, Sennheiser, said in a statement.

The company says earbuds set new standards for sound quality, adaptive noise cancellation (ANC) and ease of wearing. The new sound personalization feature provides an enhanced sound experience through a guided hearing test to setup the perfect sound for each user’s unique hearing.

Also, the Smart Control app offers a choice of presets and an equalizer feature to sort the word according to the user’s preferences. The company says that the new Momentum True Wireless 3 can offer seven hours of battery life, which can be extended up to 28 hours using the case.

Users will get support for multiple codecs such as AAC, SBC and aptX adaptive, which minimizes the delay. Also, each earbud has three microphones to ensure “crystal-clear call quality”.