iVOOMi launches two new affordable smartphones

first_imgChinese electronic major iVOOMi on Tuesday launched its second series of flagship smartphones — i1 and i1s — with dual rear camera at Rs 5,999 and Rs 7,499, respectively.”i1″ and “i1s” are packed with 2GB RAM+16GB ROM and 3GB RAM+32GB ROM specification, respectively, that can be expanded up to 128GB on both the devices. They are also equipped with 3000mAh battery and run Android 7.0 Nougat.Both the devices comes with the screen size of 5.45-inch (13.84 cm) HD Infinity Edge Display (18:9 Screen Ratio).”We are extremely excited to introduce ‘i1’ and ‘i1s’ as our second flagship series that resonates with a large segment of users across the country,” Ashwin Bhandari, CEO, iVOOMi, India said in a statement.The devices sports 13MP+2MP dual rear camera with soft flash and auto-focus along with 8MP selfie camera.Flipkart will have the first flash sale for both the devices on January 10 at 12 pm. As a launch offer, “i1s” will be available at Rs 6,999.last_img read more

Tanaka Ready For Fenway Park

first_imgTweetPinShare0 Shares ST. PETERSBURG, Florida — Masahiro Tanaka is well aware of what awaits in his first start at Fenway Park on April 22: The Green Monster and Boston’s fanatical fans.New York Yankees teammate Jacoby Ellsbury will also be returning to the ballpark where he helped the Red Sox win World Series titles in 2007 and last year.“I’m sure that the fans will be heated up a bit,” Tanaka said through an interpreter. “I’ve seen the two teams play (on TV), and I understand there’s a rivalry between the two teams. It should be a good experience going up on the mound that day and I’m very much looking forward to it.”Tanaka has a simple plan for the 37-foot-high Green Monster in left field. “I understand that if you give up flyballs, it might be dangerous,” he said. “So, I think the best thing to do is try to get as many groundball outs as possible.”Tanaka is 2-0 with a 2.05 ERA in three games with 28 strikeouts and two walks in 22 innings. The 28 strikeouts are the most by a Yankees pitcher in his first three career starts.Tanaka went 24-0 with a 1.27 ERA last year to lead the Rakuten Golden Eagles to their first Japan Series title, then signed a $155 million, seven-year contract with the Yankees.Jon Lester is slated to start for Boston. New York Manager Joe Girardi expects Ellsbury to get a mixed reception after leaving the Red Sox to a sign a $153 million, seven-year deal with New York.“You can’t think about what they’re going to do,” Ellsbury said. “You can really only focus on what you can do. Not worry about all that other stuff you can’t control.“I gave the organization everything I had for a third of my life. Nine years in an organization — drafted by them, came up and won two World Series. I left it all on the field.”last_img read more

Golden Ocean Inks Refinancing Deal for 10 Bulkers

first_imgzoomImage Courtesy: GOGL Norwegian dry bulk shipping company Golden Ocean Group Limited (GOGL) has secured a USD 120 million loan facility to refinance ten ships at favorable terms, the company said.The loan would be used to refinance USD 58.3 million due under two loan facilities maturing in 2018 and seller credit loans of USD 65.5 million.The facility has a seven year tenor, will be repaid in quarterly installments based on a 20-year age profile, and bears interest of LIBOR plus a margin of 2.25 pct.“Our new USD 120 million loan facility that refinanced 10 vessels was completed on attractive terms. It reduces our interest expense and pushes out the average tenor of our debt. We remain focused on maintaining a moderate amount of leverage on our balance sheet, and have repeatedly been successful at accessing attractively priced capital,” Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, commented.Since the start of the year, GOGL was busy making room for the arrival of five newbuilding Capesize bulkers and one second-hand acquisition, the Golden Monterrey.In April, Golden Ocean sold the 2010-built Golden Eminence, a Panamax vessel, to an unnamed buyer for USD 14.7 million. The vessel is expected to be delivered to its new owners in the third quarter of 2018, and the estimated net cash flow from the transaction is expected to be approximately USD 5.4 million in the third quarter of 2018.In terms of financial performance for the first three months of 2018, the company ended the quarter with USD 16.7 million of net profit, rebounding from last year’s loss of USD 17.8 million.Operating revenues amounted to USD 149.9 million, up from last year’s USD 81.9 million. However, on a quarterly comparison, there was a decrease of USD 1.5 million due to a softer freight rate environment, in particular for the company’s Capesize vessels, which was partially offset by an increase in the number of vessels chartered in on spot voyages.“Golden Ocean continued to generate positive results in the first quarter of 2018 despite some seasonal weakness late in the quarter, reflecting primarily a strong entry into the year and period charters at decent rates,” Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS, said.“As market conditions improve, we are well positioned to generate substantial cash flow with a large, modern fleet and competitive cash breakeven levels.”In terms of outlook, Golden Ocean said that average rates are steadily increasing, and that the outlook appears positive for tonne-mile demand growth on the back of positive trends in the global economy.“The risk on the demand side is primarily related to a slowdown in the global economy and steel production in particular. The number of newbuilding orders reported is slowing, and this remains the most important factor for a prolonged positive rate environment,” the company concluded.last_img read more