OnePlus 7, OnePlus 7 Pro Launch Date Finalises For May 14

OnePlus 7 and OnePlus 7 Pro are all set to officially get launched on May 14 as announced by the company on Tuesday. OnePlus’ CEO Pete Lau confirmed in a recent interview that the development of the OnePlus 7 and OnePlus 7 Pro. 

The executive also teased that particularly the OnePlus 7 Pro would debut with a “super-smooth and very crisp” display. 

As a successor to the OnePlus 6T, the OnePlus 7 phones are expected to come with a Snapdragon 855 SoC. The OnePlus 7 Pro is also rumoured to sport a pop-up selfie camera.

OnePlus 7 Pro, OnePlus 7 launch date

OnePlus in a video live stream and a press statement announced that the revealed the OnePlus 7 Pro and OnePlus 7 would debut officially on May 14. This notably in line with what was rumored earlier this month. Amazon India has also put up a dedicated page for users to be notified. The launch will take place at 8:15pm IST in India, and simultaneously in the US and Europe. OnePlus fans can get entry vouchers for the launch event from 10am IST on April 25 via the OnePlus India website. 

OnePlus 7 Pro, OnePlus 7 specifications (leaked)

OnePlus hasn’t revealed much about the OnePlus 7 Pro and OnePlus 7 so far. However, Lau in a recent interview with The Verge specified that the OnePlus 7 Pro would come with a “fast and smooth” display, adding that the company has “invested significantly” to build its display. Also, the technology is claimed to be three times the cost of what’s used in other flagship displays.

Lau in the interview also revealed the development of a OnePlus 7 model with 5G connectivity. This could be the OnePlus 7 Pro 5G with a Snapdragon X50 modem.

If we believe what has been rumoured so far, the OnePlus 7 Pro will sport a 90Hz QHD+ display. OnePlus has so far brought flagships with full-HD displays.

OnePlus 7, OnePlus 7 Pro Price in India, Release date, Specifications and more: The rumors we know so far 

The OnePlus 7 Pro is rumoured to have a 6.7-inch QHD+ (1440×3120 pixels) display with a 19.5:9 aspect ratio. It is also said to have a Snapdragon 855 SoC, paired with 6GB, 8GB, and 12GB RAM options. Further, the phone would have up to 256GB of UFS 3.0 storage.

In terms of optics, the OnePlus 7 Pro is tipped to flaunt a triple rear camera setup, including a 48-megapixel primary sensor along with an f/1.6 lens and OIS, 8-megapixel sensor with a telephoto f/2.4 lens, and a 16-megapixel sensor with a wide-angle f/2.2 lens and 117-degree field of view. The phone is also rumoured to have a 4,000mAh battery with 30W Warp Charge support and an in-display fingerprint sensor. Moreover, the OnePlus 7 Pro could come in Blue, Grey, and Brown colour options.

Unlike the OnePlus 7 Pro, the OnePlus 7 is rumoured to have a 6.4-inch full-HD+ (1080×2340 pixels) display and come with a dual rear camera setup. This could have a 48-megapixel primary sensor with an f/1.7 lens and a 5-megapixel depth sensor.

The OnePlus 7 could come in two variants, with 6GB RAM + 128GB storage and 8GB RAM + 256GB storage configurations. The phone is also rumoured to include a 3,700mAh battery along with 20W charging support.

Similar to the OnePlus 6T the OnePlus 7 is speculated to sport a waterdrop- style display notch. The OnePlus 7 Pro, on the other hand, purportedly spotted in some previous rumours with a pop- up selfie camera module. 

Blackstone To Buy Essel Propack Stake Worth ₹2,157 Crore

US- based private equity firm Blackstone has agreed to take up majority share from promoters in Ashok Goel-led Essel Propack, leaving the promoters with about ₹2,157 crore in additional cash. The company has agreed to pay ₹134 per share to the promoters to buy a 51% stake in Essel Propack. 

The promoter and promoter group holds 57.03% as on March 31st 2019. Billionaire businessman Subhash Chandra’s brother Ashok Kumar Goel is the single-largest shareholder in the company with about 57% stake. Blackstone said that it will initially buy 51% from Ashok Goel Trust at Rs 134 per share and will further go for an open offer in a bid to acquire an additional 26% stake in the firm at Rs 139.19 per share.

Ashok Goel on Tuesday clarified that the amount raised from the deal will not be used by Zee group promoter Subhash Chandra to pay back lenders.  He also said that Ashok Goel Trust is not financially or commercially a part of the Essel Group. “If you talk as a family, we are one single family, we are a strong family and we care about each other. But there is no financial or commercial relationship with each other and there is no cross-holding whatsoever,” Ashok Goel said.

Essel Propack is involved in the business of manufacturing laminated plastic tubes, extruded laminated plastic tubes, caps & closures and flexible laminates used in packaging of oral care products, cosmetics, food and pharmaceuticals. The major customers in India include Dabur, Baba Ramdev-led Patanjali (oral care); Godrej, Emami, Vicco, Marico (skincare), Sun Pharma, Dr Reddy’s and Piramal.

Blackstone will also make an open offer for 26% additional stake in Essel Propack for Rs 139.19 per share. Therefore, based on the open offer subscription, the purchase price consideration will vary between Rs 2,157 crore and Rs 3,211 crore (or, approximately $310-462 million). The sale is expected to complete in the coming months, subject to customary closing conditions and approvals, Essel Propack said in a media release.

Subhash Chandra, the founder of Essel group and celebrated Zee media group, has recently found himself in some trouble over his promoter entities being unable to pay back loans to creditors. Earlier, in January, a group of creditors to Subhash Chandra-led promoter entities got together and gave him a moratorium on loan repayments up to September 2019.

Meanwhile, two major mutual fund houses in the country — Kotak MF and HDFC MF — had their fixed maturity plans come to an end, with exposure to debt securities in Subhash Chandra’s companies. Kotak MF offered part repayment to its investors, holding back the amount invested in Subhash Chandra companies, while HDFC MF offered to roll over the plan on maturity. Subhash Chandra had promised to arrange money by the end of September moratorium by selling group assets and pay the lenders their dues.

Aviation Industry Suffers Crisis Due To Jet Airways’ Grounding, IndiGo Maintains Grip

The Indian aviation industry suffered regarding ticket cancellations in the month of March led by Jet Airways’ financial concerns. This resulted in flat passenger growth in the month on year-on-year (YoY) basis. Jet Airways’ grounding of flights also affected the industry’s capacity growth, which went down 580 bps on month-on-month (MoM) basis. 

Industry’s revenue passenger kilometre (RPK) growth was also down 520 bps and overall load factor was down 260 bps.

Though grounding of Jet’s operations has brought in the pricing power in the industry, significant rise in oil prices (up 33 percent since Jan 2019) would impact the operating profitability of the companies. Moreover, soaring ticket prices would stunt passenger growth, affecting the topline. Further, the stock prices of IndiGo and SpiceJet have risen significantly on the expectations of gaining Jet’s market share. While we are comfortable with IndiGo and SpiceJet’s position, the current prices leave little room for comfort.

IndiGo Interglobe Aviation (IndiGo), the leader in Indian aviation industry, is the clear winner and beneficiary of the problems of debt-laden Jet Airways. It registered a YoY passenger growth of 19 percent and expanded its market share by 300 bps. During the month of March 2019, it grew its capacity by 26 percent. In the month, load factor contracted to 86 percent from 88.4 percent it registered in the last month.

SpiceJet SpiceJet’s growth momentum hit a speed breaker after grounding of Boeing 737 max due to safety concerns. It registered 7 percent YoY growth in its passengers.

It continues to maintain load factor above 90 percent but the same contracted by 100 bps (MoM). What is noteworthy in case of SpiceJet is the significant capacity addition by it. Its capacity registered a YoY growth of 13 percent.

GoAir A small player in Indian skies in terms of its market share also gained 100 bps market share for the month. It also witnessed a strong YoY passenger growth of 10 percent up 900 bps on MoM basis. It also maintained its load factor above 90 percent though it contracted by 120 bps on MoM basis. GoAir’s capacity addition growth was lower than other players.

Jet Airways Significant debt burden and interest outlay had started putting Jet Airways’ day to day operations under pressure and now the situation is such that it had to temporarily stop all its operations.

ED Issues Summons To Chanda Kochhar, Husband Deepak Kochhar In ICICI- Videocon Case

The Enforcement Directorate (ED) has issued fresh summons this week against former CEO of ICICI Bank Chanda Kochhar, husband Deepak Kochhar and her brother-in-law Rajiv Kochhar to appear for questioning in a money laundering case.

The agency is probing whether a part of the ₹300 crore loan that she allegedly received as illegal gratification was laundered.

ED is probing a case of money laundering based on a Central Bureau of Investigation (CBI) case. The CBI case is probing alleged irregularities and corrupt practices in sanctioning of ₹1875 crore of loan to Videocon International Electronics Ltd by ICICI Bank in 2012.

Of this, a term loan of ₹300 crore was allegedly a part of quid pro quo for the business group’s dealings with her husband. Chanda Kochhar is alleged to have misused her office and received illegal gratification through her husband from Dhoot for this ₹300 crore loan.

While ED has summoned the Kochhar brothers on 30 April, Chanda Kochhar has been summoned on 5 May, said an official with the investigative agency.

The ED on 1 March had conducted series of searches at the residence and office premises of Kochhars as part of its investigations.

“The ED has called them with their bank account details and statements to verify the trail of money,” said the official.

It is alleged that Videocon group’s promoter Venugopal Dhoot had invested in the Deepak Kochhar company, NuPower Renewables Ltd through his firm Supreme Energy. This transaction was alleged quid-pro-quo for loans cleared by the ICICI Bank and Chanda Kochhar was part of the credit committee of banks which sanctioned ₹40,000 crore loan to the Videocon group. Out of this ₹3250 crore was given by ICICI Bank. A large portion of the loan by ICICI Bank to Videocon group was unpaid at the end of 2017. The bank then proceeded to declare the ₹2810 crore of unpaid loan as Non Performing Asset.

Indian Airlines Rushing Towards Vacant Aviation Places Amid Jet Airways Crisis

Amidst the current debt conditions and the halted operations of Jet Airways on April 17, India’s airlines are hurrying to fill the vacant places in the aviation sector. 

Faced with a public backlash over soaring fares, the ministry of civil aviation has already formed a committee to temporarily allocate Jet’s vacant slots at airports—a prerequisite to schedule a landing or take-off—to other carriers. 

This is even as the grounded carrier awaits funds from potential investors to revive operations.

Jet’s rivals, whose wings were clipped so far by limited airport infrastructure, are looking to make the most of this opportunity by expanding their fleet.

The most aggressive on this front are budget players IndiGo and SpiceJet, India’s largest and second- largest carrier by passengers flown, respectively, in March.

IndiGo, whose fleet size crossed the 200- aircraft mark last December, said in a statement on April 21 that its expansion plans are on track. It has an “order stream of 430 A320 Neos of which we have already taken delivery of 74 aircraft as of 17 April 2019. The delivery of the remaining aircraft are scheduled over the next 5-6 years.”

SpiceJet, looking to make up for its 11 grounded 737 Boeing Max aircraft, recently announced that it would induct 27 new planes. It looks to add another 23 to take this number to 50, according to a recent report. At least some of these are planes taken from Jet Airways’ former lessors.

In Jet’s plight, SpiceJet has also found a talent pool it can tap. “We are giving first preference to those who have recently lost their jobs due to the unfortunate closure of Jet Airways. We have already provided jobs to more than 100 pilots, more than 200 cabin crew, and more than 200 technical and airport staff,” said Ajay Singh, the airline’s chairman and managing director, in an April 19 statement.

It also announced a code-share partnership with the Gulf-based Emirates airline, on April 22. If the pact gets the regulatory nod, it will ensure that SpiceJet passengers from India get wider connectivity to international destinations in the US, Europe, Africa, and west Asia using Emirates’ network, according to a statement.

Noteworthy here is that Jet had significant operations to the UAE, through a similar arrangement with Emirates’ rival Etihad.

Meanwhile, India’s state-owned airline, Air India, is in talks with Jet to operate the defunct airline’s bigger aircraft for international routes, according to PTI. “Some Boeing 737s might be taken by Air India for its budget carrier, Air India Express,” claimed the news report.

AirAsia India, a joint venture (JV) between India’s Tata Sons and Malaysia’s AirAsia Berhad, also plans to add 14 new aircraft to its fleet, according to reports. 

Meanwhile, Vistara, a domestic JV between Tata Sons and Singapore Airlines, has announced new flights on the Mumbai-Bengaluru route besides new services to Kolkata, Hyderabad, and Goa.

Airfares soar

These measures, however, have so far had only limited success in bridging the demand-supply gap. After all, Jet boasted a fleet of 119 aircraft and possessed, respectively, 280 and 160 prime slots in the busy Mumbai and Delhi airports.

This yawning gap has sent airfares soaring amidst the peak summer travel season.

“For the first half of April, fares are higher by 15%, compared with the same time last year. For last minute bookings, fares are higher by 18% year-on-year,” said Balu Ramachandran, head of air and distribution of online travel portal Cleartrip.

The spike in fares has already set off alarms bells among analysts who now worry about the potential fallout on traffic.

“Airlines can make the most of it (rise in fares), but it has to be seen, how the flyers take it. The condition of traffic and passengers’ reaction are something we need to observe keenly,” said Ashish Nainan, a research analyst with CARE Ratings. “Last year, in November, we had witnessed that once the fares went up; the traffic was not really supportive.”

A similar scenario may be unfolding this year too. “The overall growth story of Indian aviation in the past few quarters came from demand propelled by low fares. Owing to the recent turbulence in aviation space, the industry has witnessed single-digit growth since January,” said Ramachandran.

Surveen Chawla Blessed With Baby Daughter Eva Spotted After Discharge From Hospital

The Hate Story 2 fame actress Surveen Chawla got blessed with a baby daughter named Eva 2 days back. Surveen had been active a lot on social media during her pregnancy as well. She event attended several award 

shows and other Bollywood events and kept sharing her pictures online, especially on her Instagram account. 

The Hate Story 2 actress and her husband Akshay Thakker have been recently blessed with the adorable daughter two days back i.e. on April 19, 2019.

The actress got discharged from the hospital yesterday afternoon post which she got snapped along with her husband as well as her little daughter. Surveen seemed to be in a pretty jolly mood as she greeted the paps with a beautiful smile while holding her daughter Eva. Surveen was accompanied by her husband Akshay too. The actress looked pretty in a little white comfy dress which she wore along with a pair of matching white shoes which complemented her entire look.

OnePlus 7 Pro Leak Reveals Key Camera Specifications Of Rear Module

OnePlus is to officially reveal the launch date of its latest upcoming model OnePlus 7 Pro and OnePlus 7 on April 23. 

Amidst the wait, there is a new leak which reveals the key camera specifications. 

The smartphone in question is the higher-end model, the OnePlus 7 Pro, which will reportedly come with one extra camera than the regular version, taking the total to three cameras at the back.

The triple camera setup on the OnePlus 7 Pro will start with a 48MP primary camera, an 8MP f/2.4 telephoto lens with 3x zoom, and a 16MP f/2.2 ultra-wide lens. The camera details come via the Twitter leakster Max J. Note that the same leakster reveals that the 5G version will be called as the OnePlus 7 Pro 5G.

The OnePlus 7 Pro is expected to share the same Snapdragon 855 flagship processor as the standard variant. However, the Pro version will have a full- screen display, without a notch, all thanks to its pop up camera design. Further, this version’s screen is said to support 90Hz refresh rate, making it an ideal smartphone for gaming.

In the past few years, OnePlus has often stuck to necessary features and additions to keep its flagship’s pricing affordable. However, with the OnePlus 7 Pro, the company is looking to take things to a higher level, joining the likes of big players like Samsung and Huawei. We still expect the Pro version to retail at lower prices than say the Huawei P30 or the Galaxy S10 but it should definitely be a lot higher than its predecessors.

Oppo A5s Launched In India, Comes With 4,230mAh Battery And Dual Real Camera

The Chinese smartphone maker Oppo has launched its A5s in India with 4,230mAh battery. It comes with 2GB RAM + 32GB storage and 4GB RAM + 64GB storage variants. Its key highlights include a 6.2-inch HD+ display, MediaTek Helio P35 SoC, and a dual rear camera with a 13-megapixel primary sensor. 

The Oppo A5s also comes with features such as Smart Bar, Music on Display, and Smart Scan. Additionally, Oppo has provided its ColorOS 5.2.1 on top of Android Oreo.

Oppo A5s price in India

The Oppo A5s price in India is set at Rs. 9,990 for the 2GB RAM + 32GB storage model. It will be available for purchase in Black and Red colour options. Oppo hasn’t announced the price of the 4GB RAM + 64GB storage variant of the A5s. However, it is slated to debut in May with Green and Gold colour options.

Oppo A5s will be available via Amazon, Flipkart, Paytm Mall, Snapdeal, and Tata CLiQ as well as offline stores.

Oppo A5s specifications, features

Touted to deliver “exceptionally long-lasting battery life”, the Oppo A5s comes with a waterdrop-style display notch. The phone also comes with Depth of Field effects that are paired with a Rolling Shutter Compensation to mitigate warped jello effect videos. Further, Oppo has provided a Smart Bar that is touted to be a productivity tool to let users quickly switch between apps, reply to text messages, and transfer files. It also supports multiple shortcut tools, including cutting and screen recording.

Additionally, the Oppo A5s comes with a Smart Scan feature to scan business cards as well as scan and translate the text from images.

The dual-SIM (Nano) Oppo A5s runs Android 8.1 Oreo with ColorOS 5.2. It features a 6.2-inch HD+ (720×1520 pixels) In-Cell display with a 19:9 aspect ratio. Under the hood, there is a MediaTek Helio P35 (MT6765) SoC, paired with 2GB/ 4GB od RAM.

For photos and videos, the Oppo A5s sports a dual rear camera setup with a 13-megapixel primary sensor featuring an f/2.2 lens and a 2-megapixel secondary sensor. The phone also comes with an 8-megapixel selfie camera with an f/2.0 lens.

The Oppo A5s will be released in 32GB and 64GB of onboard storage options, both of which include microSD card support for expansion (up to 256GB). The phone has 4G LTE, Wi-Fi, Bluetooth v4.2, GPS/ A-GPS, and Micro-USB port. Sensors onboard include an accelerometer, ambient light, magnetometer, and a proximity sensor. There is also a fingerprint sensor at the back. Besides, the phone packs a 4,230mAh battery. It measures 155.9×75.4×8.2mm and weighs 170 grams.

Samsung Postpones Galaxy Fold Media Events In Hong Kong, Shanghai

Samsung Electronics Co. Ltd. has postponed media events for its Galaxy Fold which was planned for this week in Hong Kong and Shanghai, said a company official. 

However, resons or rescheduling were not informed. 

Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.

Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the spectre of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.

The reviewers’ reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.

Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple Inc’s iPhone in 2007. Chinese rival HuaweiTechnologies Co Ltd has also announced a folding handset, the Mate X.

The Samsung official on Monday said it had no change to its previously announced release date in the United States.

It plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.