Abu Dhabi Investment Authority to invest $50 billion in India, says Suresh Prabhu

Abu Dhabi Investment Authority to invest $50 billion in India, says Suresh Prabhu

Union minister for commerce and industry Suresh Prabhu on Friday said that the Abu Dhabi Investment Authority, a sovereign wealth fund owned by Emirate of Abu Dhabi, will invest USD 50 billion in India, especially into infrastructure and food processing capacity, according to a Times of India report.

Speaking at the inaugural function of the annual venture capital summit in Panaji, Prabhu announced that the agreement has been signed on Thursday. Abu Dhabi-based sovereign wealth fund is interested in investing in India in a big way, he added.

According to the agency, Prabhu had also asked the International Finance Corporation to help attract other sovereign funds and pension funds to invest into India.

The Commerce Minister said that India is a top investment destination in the world today. Twenty states have their Startup policy. Suresh Prabhu stated that infrastructure is the sector where India is developing at a faster rate and this is creating lots of opportunities for investors.

He further remarked that India is one country where almost every citizen is an entrepreneur and where 600 million farmers and retailers take enormous risks. The fragmented Indian agricultural holdings provides great opportunity for startups to bridge the productivity gap by providing solutions using cutting edge technology like AI and drones.

Suresh Prabhu also declared Goa as the permanent venue for the Annual Global Venture Capital Summit. The Summit will take place in Goa on the first Friday of December every year.

Edited by Chitranjan Kumar

source =.”businesstoday”

CAI trims cotton crop estimate for 2018-19 to 340 lakh bales

The Cotton Association of India on December 7 lowered its November estimate of the cotton crop by three lakh bales to 340.25 lakh bales for the 2018-19 season.

The decline in cotton crop estimate is mainly due to unfavourable weather conditions, CAI said in a statement.

Last month, the association had estimated cotton output at 343.25 lakh bales for the 2018-19 season, which began on October 1.

CAI reduced the crop estimate for Gujarat by three lakh bales, Maharashtra by one lakh bales and Telangana by 1.50 lakh bales.

However, it increased the crop estimate for Haryana by one lakh bales and upper Rajasthan, lower Rajasthan and Andhra Pradesh by 50,000 bales each.

The association has projected total cotton supply during October and November at 95 lakh bales, which consists of the arrival of 70 lakh bales up to November 30, imports of two lakh bales and the opening stock at the beginning of the season as on October 1, that the CAI has estimated at 23 lakh bales.

Further, the association has estimated cotton consumption during October and November at 54 lakh bales, while the export shipment of cotton up to November 30, at 10 lakh bales.

The stock at the end of November 2018 is estimated at 31 lakh bales, including 27 lakh bales with textile mills and the remaining four lakh bales estimated to be held by Cotton Corporation Of India (CCI) and others (MNCs, traders, ginners among others).

The total cotton supply till end of the season is estimated at 390.25 lakh bales of 170 kg each, which includes opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season at 340.25 lakh bales and imports of 27 lakh bales, which are estimated to be higher by 12 lakh bales, compared with the import figure of 15 lakh bales estimated for the 2017-18 crop year.

The CAI has estimated domestic consumption for the season at 324 lakh bales, while the exports at 53 lakh bales, which is lower by 16 lakh bales against the exports of 69 lakh bales estimated during last year.

The carry-over stock at the end of the 2018-19 season is estimated at 13.25 lakh bales.


Cramer’s game plan: A week defined by trade talks and employment

Trade talks and the latest data on U.S. employment will color the week ahead for the stock market, CNBC’s Jim Cramer said Friday as stocks rallied on high hopes for a U.S.-China trade deal at the weekend’s G-20 summit.

President Donald Trump is planning to meet with Chinese President Xi Jinping at the Buenos Aires, Argentina gathering on Saturday to discuss what has amounted to an ever-escalating trade war between the two nations. Next Friday, a Labor Department report on U.S. job creation will bookend what Cramer expects to be an “exciting” week for stocks.

“Between Trump’s meeting with President Xi over the weekend and the employment number on Friday, there’s a whole lot going on next week. Let’s just hope it’s not too exciting,” the “Mad Money” host said.

With Saturday’s market-defining meeting in mind, Cramer turned to his game plan for the week ahead:

Monday: Coupa Software

Spending-focused cloud player Coupa Software reports earnings on Monday. The Federal Reserve’s slight step back from its initial plans for raising interest rates created a better environment for growth stocks like Coupa’s, Cramer said.

“Speaking of the Fed, I sure wish they’d start thinking not just about the raw data interpretation, but also about outfits like Coupa, which save companies a fortune … by cutting back on people — the most expensive part of a business — and allowing them to rely on software to handle procurement,” he said.

“That means all of these cloud-based enterprise software companies are inherently deflationary,” Cramer continued. “So [Fed Chair Jerome] Powell might want to listen in on Coupa’s conference call, which, by the way, I expect to be a good one.”

Tuesday: Dollar General, Autozone, HD Supply, Toll Brothers

Dollar General: Cramer expected a strong earnings report from Dollar General, which will issue its quarterly results Tuesday morning.

“The best-performing portions of retail this week were the bargain basement operations: Ollie’s, TJX and Burlington Stores. Dollar General fits that bill,” he said. “I see an upside surprise coming.”

Autozone: Auto parts retailer Autozone will also report earnings. Cramer is a fan of the company’s share buyback program, which he said was as good a reason as any to buy Autozone’s stock after its report.

“Even if the company delivers slightly off numbers, just a little bit of slippage, it’s usually a great buying opportunity,” he said. “These days, people are keeping their cars longer and longer, which means they need more maintenance and spare parts, a real boon to all of these … auto parts companies.”

HD Supply: HD Supply’s earnings will give Cramer a sense of how small businesses are faring in this country because the company provides industrial services to roughly 500,000 smaller-scale professional customers.

“It’s all part of the pastiche that I like to put together to take the temperature of the economy in real time,” he said.

Toll Brothers: Homebuilder Toll Brothers will add to that pastiche. Cramer expected the company’s earnings report to “tell a tale of both strength and weakness.”

“Remember, I’m not saying the economy overall is weak, I’m saying it’s weaker than it’s been, and one of the reasons is the slowing housing market,” he explained. “I bet Toll confirms my view, particularly on the coasts.”

Wednesday: Lululemon Athletica, Five Below

Two Cramer-fave retailers, Lululemon and Five Below, will report earnings on Wednesday. The stocks of both companies have been struggling of late, Lululemon’s “in sync with … the rebellion against high-priced apparel” and Five Below’s on worries about trade with China, Cramer said.

“I think both sell-offs are overblown at this point,” he argued. “However, I’m mindful of how hard it is to own retailers right now, [now] that people think the economy’s shifting to a lower gear.”

Thursday: Kroger, Broadcom

Kroger: The largest U.S. supermarket chain will also issue its quarterly results. The “Mad Money” host harbored concerns about the company’s slew of formidable competitors.

“While I think, certainly, that Kroger can spin a good yarn about remodeled stores, that merely makes it an OK house in a very bad neighborhood,” he said. “I’m going to have to say no, thank you.”

Broadcom: After Wednesday’s closing bell, investors will get results from chipmaker Broadcom. Cramer said there was a lot to be learned from the company’s conference call.

“I want to know about its quizzical acquisition … of a software company called CA that works with mainframes, not to mention the exposure to China, 5G and Apple, although the latter is not to be named,” he said. “At most, you make some cryptic reference, say, [to] a major customer. Still, there’s a lot to learn from Broadcom.”

Friday: Non-farm payrolls

On Friday, Cramer will be eyeing the U.S. Labor Department’s non-farm payroll report, which measures job creation and is a key indicator for the Fed when it comes to raising interest rates.

“I think it will give us our last strong set of employment numbers — because I think it’s tailing off — giving the Fed [the] justification … that it needs for one more tightening, December tightening, before it waits to see how its rate hikes have impacted the economy,” Cramer said. “Now that Powell has chosen prudence over dogma, there’s a good chance this once red-hot economy can get the soft landing that it so sorely deserves.”


SIP investment: Why you need to accept losses

are indeed low

To create wealth from stock markets, one should stay invested.

By Dhruv Desai

It is a good practice to remain invested in a falling market or better still, invest more to ensure great returns when market recovers. Majority of the investors would know this but unfortunately, majority of them fail to stick to this advice.

To create wealth from stock markets, one should stay invested. Likes of Warren Buffet, Rakesh Jhunjhunwala didn’t become rich overnight. They have seen all ups and down in the market and had managed to stay invested. In fact, they managed to invest when the market was at the lowest or at least the stock was trading cheap.

Stay invested
When we buy the stock for long term, we feel we will remain invested or invest more when the market falls. But do we actually do it? Let us take an example : Suppose we start systematic investment plan (SIP) of Rs 1,000 every month in HDFC Equity Fund from January 2007. I am taking this year since the market before that was roaring and that would convince many investors to start their investing in the stock market. From January 2007 to January 2008, the returns would be 29.68% where we would have invested Rs 13,000 and we would be getting a return of Rs 16,859. Then in October 2008, the investment would be worth Rs 13,370 from an investment of Rs 22,000. So we would be looking at a loss of 39.22%.

I doubt if any investors would still continue their SIP. I have seen many investors taking a loss and withdrawing from market stating stock market is not meant for them. In fact, if they had continued for another year, i.e., till December 24, 2009, the return would be Rs 53,533 and amount invested would be Rs 36,000 which would give us the return of 48.70%. In fact, if the investor would have continued the same SIP of Rs 1,000 every month, the return currently would be Rs 3,35,060 from an invested amount of Rs 1,43,000. That would give a return of 134% in a span of 10 years.

Investor’s confidence
Falling market tends to shake off investors’ confidence in the market. This is psychology, where fear prevails common sense. When the market is touching new highs, in spite of a warning from the back of our mind that the market is overbought, greed prevails and we find ourselves over committing in the market.

Investors should remove the notion from their mind that equity market will give high returns no matter what. We have seen where in a span of one year, the return was negative 39.22%. It is a volatile asset class and will remain so. Investors need to accept this. Investors who have seen high returns in past are less likely to be swayed by fear compare to investors who have seen low returns in past.

In rising markets, it is easy to say we will remain invested when the market falls but when it really falls, investors tend to crash out and take a loss rather than seeing it as an opportunity to invest more. They feel that the market will fall further and then they will invest. But it is impossible to time the market or catch low. In fact, even if they are getting cheaper stocks, they will wait more in fear that it will fall more.
My aim in this article is to highlight that one needs to accept losses too when doing their SIP. If your tolerance is low in the falling market, teach yourself to overcome your fears when things get bad. Otherwise, you will miss the opportunity of investing when prices indeed are cheap.


RBI’s New Norms On Bad Loans A Wake Up Call For Defaulters, Says Government

Image result for RBI's New Norms On Bad Loans A Wake Up Call For Defaulters, Says Government

Banks will face penalties in case of failure to comply with the guidelines, RBI said.

New Delhi: In a bid to hasten the resolution of bad loans, RBI has tightened rules to make banks identify and tackle any non-payment of loan rapidly, a move the government said should act as a “wake up call” for defaulters. The Reserve Bank of India abolished half a dozen existing loan-restructuring mechanisms late last night, and instead provided for a strict 180-day timeline for banks to agree on a resolution plan in case of a default or else refer the account for bankruptcy.

Financial Services Secretary Rajiv Kumar said the new rules are a “wake up call” for defaulters.

“The government is determined to clean up things in one go and not defer it. It is a more transparent system for resolution,” he said,” he told PTI here.

Under the new rules, insolvency proceedings would have to be initiated in case of a loan of Rs. 2,000 crore or more if a resolution plan is not implemented within 180 days of the default.

Banks will face penalties in case of failure to comply with the guidelines, RBI said.

Financial Services Secretary said the RBI’s decision would not have much impact on provisioning norms for banks.

The revised framework has specified norms for “early identification” of stressed assets, timelines for implementation of resolution plans, and a penalty on banks for failing to adhere to the prescribed timelines.

RBI has also withdrawn the existing mechanism which included Corporate Debt Restructuring Scheme, Strategic Debt Restructuring Scheme (SDR) and Scheme for Sustainable Structuring of Stressed Assets (S4A).

The Joint Lenders’ Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued, it said, adding that “all accounts, including such accounts where any of the schemes have been invoked but not yet implemented, shall be governed by the revised framework”.

Under the new rules, banks must report defaults on a weekly basis in the case of borrowers with more than Rs. 5 crore of loan. Once a default occurs, banks will have 180 days within which to come up with a resolution plan. Should they fail, they will need to refer the account to the Insolvency and Bankruptcy Code (IBC) within 15 days.

Last year, the government had given more powers to the RBI to push banks to deal with non-performing assets (NPAs) or bad loans.

The gross NPAs of public sector and private sector banks as on September 30, 2017 were Rs.7,33,974 crore, Rs. 1,02,808 crore respectively.

“In view of the enactment of the IBC, it has been decided to substitute the existing guidelines with a harmonised and simplified generic framework for resolution of stressed assets,” RBI said in the notification.

As per the revised guidelines, the banks will be required to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMAs) depending upon the period of default.

Classification of SMA would depend on the number of days (1- 90) for which principal or interest have remained overdue.

“As soon as there is a default in the borrower entity’s account with any lender, all lenders – singly or jointly – shall initiate steps to cure the default,” RBI said.

The resolution plan (RP) may involve any actions/plans/ reorganisation including, but not limited to, regularisation of the account by payment of all over dues by the borrower entity, sale of the exposures to other entities/investors, change in ownership, or restructuring.

The notification said that if a resolution plan in respect of large accounts is not implemented as per the timelines specified, lenders will be required to file insolvency application, singly or jointly, under the IBC, 2016, within 15 days from the expiry of the specified timeline.

All lenders are required to submit report to Central Repository of Information on Large Credits (CRILC) on a monthly basis effective April 1, 2018.

In addition, the lenders shall report to CRILC, all borrower entities in default (with aggregate exposure of Rs. 5 crore and above), on a weekly basis, at the close of business every Friday, or the preceding working day if Friday happens to be a holiday.

The first such weekly report shall be submitted for the week ending February 23, 2018, the notification said.

The new guidelines have specified framework for early identification and reporting of stressed assets.

In respect of accounts with aggregate exposure of the lenders at Rs. 2,000 crore and above, on or after March 1, 2018 (reference date), resolution plan RP should be implemented within 180 days.

“If in default after the reference date, then 180 days from the date of first such default,” the notification said.


RBI’s New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts

RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts

Bank shares slid 1.4% on Wednesday compared with a 0.4% fall in the broader market.

Mumbai: Just when many banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come.

The central bank surprised the financial sector this week by halting all of its existing loan-restructuring mechanisms with immediate effect, and rolling out new rules that will push more debt defaulters into bankruptcy courts.

To force its point home, the Reserve Bank of India (RBI) set strict timelines for lenders to take action against defaulters, threatening penalties if banks failed to act in a timely manner.

Soured loans, which include non-performing, restructured or rolled-over loans, reached a record high of Rs. 9.5 lakh crore ($148 billion) in the middle of last year before dipping slightly and prompting some relief among bankers that the worst was over. State-run lenders account for the bulk of these loans.

The country’s bad loans have nearly doubled in the past four years following an economic slowdown and years of profligate lending – the combination has choked new lending and dragged on the economy.

Analysts say the actual level of bad loans is higher than the official figures suggest, pointing to central bank audits of banks, including State Bank of India, that showed non-performing loans were higher than reported for the financial year ended March 2017. Banks have also been blamed for perpetually renewing loans on soured assets.

Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success. Analysts say banks will soon have to declare the loans in those schemes as non-performing loans, which will trigger the timeline for banks to take debtors to court.

That means the banking sector will have to recognise the new status of the loans and make provisions for them, said Rajkiran Rai, chief executive at state-run Union Bank of India.

“When you look at the short term, yes, we will have issues with the existing accounts,” Rai said.

Longer term, the RBI’s measure will benefit banks, he said.

Indeed, the new rules would bring discipline to the banking sector, although provisioning costs will shoot up as more borrowers are taken to court, said R. Subramaniakumar, chief executive at Indian Overseas Bank, a state-run lender with the second-highest bad loan ratio among all banks.

“Of course it’s going to put pressure on bank’s balance sheets,” he said, adding capital injections announced by the government will help cushion the impact.

The RBI’s decision to force more struggling borrowers into bankruptcy proceedings was its latest move to try to clean up the bad loans mess.

Last year, it ordered about 40 of the country’s largest debt defaulters into bankruptcy courts, demanding creditors put aside at least 50 per cent of loan amounts in provisioning.

Under the new process, the RBI requires banks to figure out plans to resolve debts of defaulters with Rs. 2,000 crore ($311 million) or more in outstanding debt by September 1, or take them to bankruptcy court.

Since 50 per cent provisioning will be required for these bankruptcy cases as well, the total funds that banks will have to set aside will shoot up, pressuring profits, analysts said.

Moody’s Indian affiliate ICRA estimates the criteria would net 50 defaulting companies with combined outstanding debt of Rs. 2.46 lakh crore ($38 billion), so banks’ credit provisions will spike.

Analyst Udit Kariwala from India Ratings and Research, the local affiliate of Fitch, said banks’ non-performing loans and provisions will shoot up in coming months, said .

Rajeev Kumar, the top government bureaucrat overseeing the banking sector, said the new rules will impact 2-3 per cent of banks’ loan books, while provisions could rise a “little”, financial news service NewsRise reported.

Bank shares slid on Wednesday, with the sector index falling 1.4 per cent compared with a 0.4 per cent fall in the broader market.

Aviva under fire for pouring £370m into Polish coal industry

A lignite-fired power station in Bogatynia, Poland. Aviva is now the second-biggest investor among insurers in the Polish coal industry. Photograph: Florian Gaertner/Photothek via Getty Images

UK insurer Aviva is the second-biggest investor in the Polish coal industry, the most polluting in Europe, according to a report that looks at insurance firms’ involvement in the sector.

Aviva is among a number of major European insurers that are backing the expansion of Poland’s coal industry, undermining international efforts to battle climate change, according to research from Unfriend Coal, a global network of organisations including Greenpeace Switzerland, 350.org and the UK Tar Sands Network.

Aviva has invested £372.7m in Polish coal, more than any other insurance company apart from the Dutch firm Nationale Nederlanden, the report found.

Poland’s coal industry is the second biggest in Europe, after Germany. Pollution from Polish coal is estimated to cause 5,830 premature deaths across Europeevery year, Unfriend Coal said.

The UN recently called for a stop to new coal power plants and an accelerated phase-out of existing ones. But Polish companies are planning to build power plants able to generate more than 10 gigawatts and open new mines holding more than 3.2bn tonnes of lignite, the dirtiest form of coal.

Aviva’s investments are held through its Polish pension fund, OFE Aviva BZ WBK. The fund increased its holdings in Polish coal companies by more than £45m between 2016 and 2017.

It has a 2.3% stake in the country’s largest power company PGE, which operates two of Europe’s most polluting coal plants at Bełchatów and Turów and plans to build new coal plants generating more than 5.2GW.

Peter Bosshard, Unfriend Coal coordinator, said: “Unlike all other insurers which are taking action on coal, Aviva decided to focus on engagement rather than on divestment, and have only divested from very few companies if engagement was completely unproductive.”

Aviva said it invested more than £525m in low-carbon projects such as renewable windfarms and solar energy last year. It added that it engaged with companies that derive more than 30% of revenue from coal to improve their business practices and will divest “where we do not see sufficient movement to transition away from coal”.

“In Poland, local pension companies, including Aviva, manage customers’ assets under a strict regulatory regime and are not able to influence the investment strategy for these. The investment guidelines focus on domestic equity where the energy industry is the second largest after the banking sector,” it said.

European insurers have invested more than £1.15bn in Polish coal companies and have signed at least 21 contracts insuring coal plants since 2013, according to Unfriend Coal.

Europe’s biggest insurer, Allianz, is leading a consortium underwriting the biggest coal power plant under construction in Europe at Opole near Katowice, a PGE project, which is due to start operating next year. The consortium includes Italy’s Generali, Germany’s Munich Re and the Polish insurer PZU.

Allianz said: “We will continue to insure utilities and mining companies when they show an adequate sustainability performance or suitable risk mitigation strategies.”


RBI Announces New System To Settle Bad Loans

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The RBI said that all prior schemes will be withdrawn with immediate effect

Mumbai: The Reserve Bank of India (RBI) late on Monday tightened its rules around bank loan defaults, seeking to push more large loan defaulters toward bankruptcy courts and abolishing half a dozen existing loan-restructuring mechanisms, in its latest bid to accelerate resolution of the bad loans problem at the country’s banks.

The new set of rules are aimed at creating a “harmonised and simplified generic framework” for resolution of stressed assets in view of new bankruptcy regulations, the Reserve Bank of India said late on Monday.

After enacting its first comprehensive bankruptcy regime in 2016, the government last year gave the RBI more powers to push lenders to deal with the nearly $150 billion in troubled debt at banks, which has stymied new lending and slowed economic growth.

Last year, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.

The new system will force lenders to identify and tackle any stressed-asset accounts more rapidly, the regulator said.

Under the new rules, banks will have to file for insolvency proceedings against loan defaulters with RS 2,000 crore ($311 million) or more if a resolution plan is not implemented within 180 days of the initial occurrence of default, the RBI said.

It warned that any failure on the part of banks to meet the prescribed timelines, or any actions they take to conceal the actual status of accounts or evergreen stressed accounts, will expose banks to potential monetary penalties and other actions.

It also tightened rules around resolution plans, saying any such process involving restructuring or change in ownership for large accounts with loans of Rs. 100 crore or more will need independent credit evaluation by credit rating agencies that are authorised by the RBI.

Loans of Rs. 500 crore or more will need two such independent evaluators, the RBI said.

The central bank said that all prior schemes, including the popular Strategic Debt Restructuring Scheme, the Scheme for Sustainable Structuring of Stressed Assets, and the Corporate Debt Restructuring Scheme, will be withdrawn with immediate effect.

“All accounts, including such accounts where any of the schemes have been invoked but not yet implemented, shall be governed by the revised framework,” the RBI said.

Some of the current loan restructuring rules have been criticised for helping to evergreen bad loans. The debt for equity swap programme, one of the central bank’s most popular plans, has had little success, with creditor banks struggling to find new buyers for the companies they tried taking over by exchanging part of the debt for equity.


UM Renegade Duty S First Look Review — A Tough American Cruiser

American Motorcycle manufacturer UM Motorcycles launched the new Renegade Duty S cruiser in India at the Auto Expo 2018. The UM Renegade Duty S is priced at Rs 1.10 lakh ex-showroom (Delhi). The Renegade Duty S is an all-new cruiser with new design language and engine. Let’s find out more about the newly launched UM Renegade Duty S in this first look review.

UM Renegade Duty S First Look Review — Design, Specifications, Features And Images

UM Renegade Duty S Design

The UM Renegade Duty S sports a rugged look with minimalistic body panels. UM is branding the Renegade Duty S as a dual-purpose cruiser which can be ridden both on and off-road. The overall design language revolves around that strategy and features a raw look. The Duty S is finished in a matte green colour which further enhances the looks of the motorcycle.

UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


Up front, the UM Renegade Duty S features a classic round headlamp with a blacked out housing. The front mudguard is sleek, and it exposes the front tyre for a butch look. The telescopic front forks get black cover and LED lights and reflectors on either side. The sloping fuel tank design is the key element of the overall design language.

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    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    The engine, side panels, alloy wheels, muffler and suspension, are blacked out which gives an aggressive look to the UM Renegade Duty S. The step-up seat is wide and large and is very comfortable for both rider and pillion. The rear section also features a chopped mudguard which adds to the raw appeal of the Renegade Duty S.

    UM Renegade Duty S Fact Sheet

    Price Rs 1.10 lakh
    Engine Type Single Cylinder, oil cooled
    Fuel Used Petrol Only
    Engine Displacement 223cc
    Power 16bhp
    Torque 17Nm
    Transmission 5-speed
    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    UM Renegade Duty S Engine Details

    The new UM Renegade Duty S draws power from an all-new 223cc single-cylinder, an oil-cooled engine which produces 16bhp and 17Nm of peak torque. The engine comes mated to a 5-speed gearbox sending power to the rear wheel via chain drive.

    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    UM Renegade Duty S Features

    The UM Renegade Duty S is loaded with several premium features such as new analogue instrument cluster with digital display for gear position indicator, odometer and fuel gauge. The motorcycle also gets LED headlight and tail light and also a LED strip on the front forks to improve the visibility at night. The UM Renegade Duty S also sports a ground clearance of 180mm.

    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    The UM Renegade Duty S is equipped with 41mm telescopic forks at the font and dual-hydraulic spring suspension at the rear. Braking duties are handled by 280mm disc at the front and 130mm drum brake setup at the rear. The Duty S gets 17-inch alloy wheel at the front and 15-inch wheel at the rear.

    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    UM Renegade Duty S Rivals

    The UM Renegade Duty S is the latest cruiser from the American brand, and it features a new design language and engine. The Renegade S is pitched as a dual-purpose cruiser which can handle a bit of off-roading as well. The UM Renegade Duty S rivals the likes of the Bajaj Avenger series.

    UM Renegade Duty S First Look Review — Design, Specifications, Features And Images


    DriveSpark’s Thoughts On The UM Renegade Duty S

    The UM Renegade Duty S spots an all-new design which leans towards rugged looks with minimalistic body panels. The raw look of the Renegade Duty S is the highlight of the motorcycle. The new engine and several new features add a premium touch to the UM Renegade Duty S. With an affordable price tag; the Renegade S will be a tough competitor to the Bajaj Avenger series.


    Hero XPulse First Look Review — A Pulsating Adventure Motorcycle

    Hero XPulse First Look Review — Design, Specifications, Features And Images

    World’s largest two-wheeler manufacturer Hero MotoCorp has unveiled the XPulse adventure motorcycle at the Auto Expo 2018. It is also India’s first 200cc dual-purpose motorcycle targeted towards young and thrill-seeking riders. The motorcycle looks to be in its production form and will replace the Impulse in India. We bring you the first look review of the Hero XPulse, the most affordable adventure bike in the country.

    Hero XPulse Design

    The overall design of the Hero XPulse is of a typical adventure bike with a tall stance and minimalistic body panels. Up front, the Hero XPulse features a full-LED headlamp, a windscreen to avoid wind buffeting and a high-set beak-shape fender. The adventure motorcycle also gets knuckle guards to protect the levers in case of a fall.

    Hero XPulse First Look Review — Design, Specifications, Features And Images


    The Hero Xpulse features a simplistic fuel tank design with no additional bodywork. There are not much body panels, and the design is clutter free. The single-piece seat is sculpted for lower ride height and the slightly front set foot pegs offers a commuters riding posture which is good for an adventure motorcycle. The enduro-style foot pegs add to the raw look of the Hero XPulse.

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      Hero XPulse First Look Review — Design, Specifications, Features And Images


      The tail section of the Hero XPulse sports an LED tail light, but the large plastic rear mudguard feels out of place and does not go well with the adventure styling. The upswept exhaust enhances the looks of the motorcycle and also has impressive water wading capacity. The XPulse also gets a rear luggage rack. The bike also gets a skid plate to protect the engine during off-roading.

      Hero XPulse Sheet

      Expected Price Rs 1.12 lakh
      Engine Type Single Cylinder, oil cooled
      Fuel Used Petrol Only
      Engine Displacement 200cc
      Power 18.1bhp
      Torque 17.2Nm
      Transmission 5-speed
      Hero XPulse First Look Review — Design, Specifications, Features And Images


      Hero XPulse Engine Details

      The Hero XPulse draws power from an all-new 200cc air-cooled, fuel injected engine producing 18.1bhp and 17.2Nm of peak torque. The engine comes mated to a 5-speed gearbox. The same engine does the duty on the recently unveiled Xtreme 200R naked street fighter. But Hero might tweak the power output accordingly to suit the XPulse adventure motorcycle.

      Hero XPulse First Look Review — Design, Specifications, Features And Images


      Hero XPulse Features

      The Hero XPulse is a modern adventure tourer with a host of features. The XPulse sports a new fully-digital instrument cluster, full-LED headlamp, clear lens turn indicators and sleek LED tail light. The prominent feature of the XPulse is the first-in-segment turn-by-turn navigation system which is extremely useful for a touring motorcycle. The motorcycle also gets off-road button tyres which enhance the looks of the Hero XPulse.

      Hero XPulse First Look Review — Design, Specifications, Features And Images


      The suspension duties on the Hero XPulse are handled by telescopic forks at the front with the travel of 190mm and ten-step adjustable gas-charged mono-shock suspension at the rear with the travel of 170mm. The motorcycle is equipped with a 21-inch front wheel and 18-inch rear wheel with a ground clearance of 220mm. The XPulse features disc brakes at both the ends.

      Hero XPulse First Look Review — Design, Specifications, Features And Images


      Hero XPulse Rivals

      Currently, the entry-level adventure motorcycle segment does not have many players in the Indian market. The only offering is the Royal Enfield Himalayan, but with a bigger 400cc engine. The Hero XPulse will be the most affordable bike in the segment with a 200cc engine. KTM is also planning to launch the 390 Adventure which should spice up the things in the entry-level adventure bike segment.

      Hero XPulse First Look Review — Design, Specifications, Features And Images


      DriveSpark’s Thoughts On The Hero XPulse

      The Hero XPulse is an adventure motorcycle with a simple design and advanced features. The XPulse will replace the popular Impulse which was retailed with a 150cc engine. The Hero XPulse will be a game-changing product in the country with its features and design. Hero MotoCorp is expected to launch the XPulse in India by the end of 2018 or early 2019 with a price tag of around Rs 1.2 lakh ex-showroom.