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ICAI CA Intermediate and Final exams concluded on June 13, 2022. The result will be announced soon at the official website - icaiexam.icai.org.

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) has conducted the CA Final and Intermediate May exams. The exams were held from May 14, 2022 to May 30, 2022, across the country. However, some of the papers at Silchar, exam centre were rescheduled due to floods in the state of Assam.

Recently, the institute has also conducted CA exams at Silchar exam centres from June 11 to June 13, 2022. It will now prepare the CA May result 2022 for Final and Intermediate exams and announce it on the official website of ICAI - icaiexam.icai.org.

Also Read | CA Foundation, Inter, Final: What ICAI’s syllabus reforms mean for students

Candidates will be able to check the ICAI CA result May 2022 on three official websites as mentioned below;

Also read | CLAT 2022: Important preparation tips to crack national law entrance exam

Steps to check ICAI CA Final and Intermediate result 2022

Also read | ACET hall ticket for June 2022 session issued; Download at actuariesindia.org

Earlier, the institute had postponed the CA Foundation exams to avoid a clash with CBSE board exams. The CA Foundation exams will now be conducted from June 24 to June 30, 2022, in offline mode. The admit card for CA Foundation exam has already been released on June 09, 2022.

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(Bloomberg) -- Last year, when a global chip shortage forced many smartphone makers to delay launches, upstart Chinese brand Realme took a gambit in India. With processors from global giants such as Qualcomm Inc. in short supply, Realme decided to buy them from a relatively unknown Shanghai manufacturer to be able to keep churning out new handset models.

The move paid off, boosting the four-year-old newcomer’s sales and helping it reach the No. 3 position in the fast-growing market with about 600 million smartphone users. Only Samsung Electronics Co. and Xiaomi Corp. sold more devices in India in the latest quarter, with Realme closing in.

Closely held Realme has emerged as a force in the lucrative but treacherous Indian market where even global brands like Apple Inc. have struggled with regulatory hurdles. And in recent months, Prime Minister Narendra Modi’s administration has heightened the scrutiny of Chinese companies as the two nuclear-armed nations clash politically.

Yet Realme has so far escaped the government crackdown unscathed. All smartphones it sells in India are built in the country, boosting local employment. And Realme is helping India bring new users online with its Android smartphones that can cost less than $100, a fraction of what iPhones and pricier Samsung models go for.

“What I want to do is to bring more affordability to the India market,” Realme’s India boss Madhav Sheth said in an interview at a coffee shop next to the company’s local headquarters on the outskirts of New Delhi. Realme is in compliance with all Indian legal requirements and believes in cooperation with authorities, he said.

Realme’s relatively smooth sailing is in stark contrast with the obstacles its larger rivals have faced. Apple had to wrestle with the government for years just to open retail stores in the country and also had a protracted faceoff with authorities around a state-built spam-detection app that accesses users’ call logs. This year, the government cracked down on market leader Xiaomi with an anti-money-laundering agency moving to confiscate more than $700 million from the Chinese company, unnerving India’s entire fledgling electronics industry.

“Investing in India remains slightly risky for foreign companies as policies tend to change without enough of a forewarning,” said Shumita Deveshwar, senior director at investment strategy consultancy TS Lombard. “India has also been encouraging local companies to grow, and sometimes the politics of it makes the country an uncertain battleground, especially for foreign investors.”

Realme has taken advantage of rivals’ challenges by expanding its distribution to more than 40,000 stores and introducing aggressively priced devices such as last year’s 13,999 rupee ($180) Realme 8 5G, the cheapest fifth-generation wireless device at the time. Such tactics have helped it eat into Xiaomi and Samsung’s market share in India, said Tarun Pathak of tech researcher Counterpoint.

Realme commanded 16% of India’s smartphone market by shipment volumes in the first quarter of this year, up from 11% a year earlier. It only lags behind Samsung’s 20% and Xiaomi’s 23%, and was the only player to grow in double digits last year while rivals shrank, according to Counterpoint.

“Realme has held back the growth of Xiaomi and Samsung,” Pathak said.

Samsung and Xiaomi representatives didn’t respond to requests for comment.

Encouraged by its gains, Realme unveiled its first global flagship store in Modi’s home state of Gujarat this month. The 13,000-square-foot space in the city of Ahmedabad is part of Realme’s plan to become more of a premium player in India. The company also envisages India as a step toward global expansion, and has recently entered European markets.

But Realme, with links to more established brand Oppo, must tread carefully in India where Chinese companies have had to bear the fallout from a border faceoff in 2020 between the countries. New Delhi has since banned more than 200 Chinese apps and tax authorities have raided smartphone players including Xiaomi and Oppo.

“India has a complex relationship with China and there is bound to be a certain level of government scrutiny of China-based companies,” said Amitendu Palit, senior research fellow at the Institute of South Asian Studies at the National University of Singapore. “If there’s a thaw in the frosty relationship between New Delhi and Beijing, we are likely to see some sense of normalcy coming back to business, but if the relationship continues to sour we might see it spilling over to business.”

At the same time, India has worked to give local companies a boost. In 2020, the government announced a nearly $7 billion plan to give financial incentives to increase local production and export of smartphones. A key element of that plan was to create “local champions” or smartphone giants that can not only cater to domestic customers but compete with the best in the world.

Yet homegrown smartphone players like Lava and Micromax have failed to capitalize on such incentives, with Realme and other foreign brands winning over more customers because of a perceived quality advantage. Realme stands out by combining low prices with upscale features, said Vijay Shankar Kriplani, a Mumbai-based marketing professional.

“A better battery life and lower price led me to switch to a Realme smartphone two months ago,” said Kriplani, 39, who previously used a Samsung device.

Realme, which like its rivals uses the glitz and glamour of Indian cricket and Bollywood to sell its smartphones, doesn’t want its success to be confined to just mobiles. Its India expansion strategy includes plans for the local assembly of tablets and laptops starting as early as this month. The company will also invest 100 million rupees to make wireless earphones, open a design studio and double its network of single-brand stores to 600 in two years, said Sheth. Those moves are expected to help Realme grow its sales 50% over two years, he said.

Still, with macroeconomic challenges intensifying and larger rivals to contend with, Realme will have a hard time sustaining its high level of growth, said Rushabh Doshi of tech consultancy Canalys.

“Realme has done well in India so far, but it has to brace for testing times ahead due to rising inflation, longer phone replacement cycles and as a global recession looms,” Doshi said. “Deep-pocketed players like Samsung have other businesses to fuel the growth of their smartphones units in this environment but smaller companies like Realme will probably have to tighten their purse strings and that’ll probably be their biggest challenge.”

©2022 Bloomberg L.P.

The Institute of Chartered Accountants of India (ICAI) has released the admit card for the CA Foundation exam which will be conducted in June. The admit card of CA Foundation exam 2022 is now available for students to download from the official website ie icaiexam.icai.org. The exam will be conducted from 24th June to 30th June, 2022

Here is how students can download the Exam Hall Ticket of CA Foundation Exam of June 2022:

ICAI is going to conduct the CA Foundation exam of June 2022 in two shifts; paper 1 and 2 from 2 pm to 5 pm, paper 3 and 4 from 2 pm to 4 pm. Candidates are going to get additional 15 minutes to go through the question paper.

The exam will be held in New Delhi, Assam, Bihar, Andhra Pradesh, Chhattisgarh, Chandigarh, Dadra and Nagar Haveli, Goa, Gujarat, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Manipur, Nagaland, Odisha, Andaman and Nicobar Islands, Puducherry, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.

The overseas centres where CA Foundation exam will be held are in Bahrain, Abu Dhabi, Doha, Dubai, Kampala (Uganda), Kathmandu, Kuwait and Muscat.

The official notice reads, "Candidates may also visit the FAQs on subject hosted in the FAQs section of https://icaiexam.icai.org/ for more details. For any further clarifications, write to/contact: foundation_examhelpline@icai.in, 0120 3894811, 812."

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New Delhi [India], June 18 (ANI): Central Bureau of Investigation (CBI) court on Saturday dismissed the bail application of Delhi Health Minister Satyendar Jain in a money laundering case. Jain had claimed during the investigation that he had memory loss due to COVID. His Counsel to move Delhi High Court for bail to Jain.Special CBI Judge Geetanjali Goel dismissed the bail plea. Court had reserved the order on bail on June 14.Senior counsel for Jain had submitted that no case of Money Laundering is made out against him. On the other hand, the prosecution had said there are threats to witnesses. An investigation is still pending and he can influence the witnesses. He is involved in money laundering using Hawala Channel.

Enforcement Directorate (ED) had arrested on 30 May. He was sent to judicial custody on Monday till 27 June.Senior advocate N Hariharan on behalf of Satyendar Jain had submitted that his client is in judicial after the interrogation of 13 days. Any case of money laundering is not made out against him as the legal requirements are not fulfilled.He had also submitted that there is no possibility of Jain's running away. He went out of India during the investigation and come back. There is no possibility of tampering with the evidence. And lastly, there is no complaint of threat to witnesses. Agency has registered the statement of witnesses. He also had appeared before ED 7 times and his statements were recorded.Senior counsel had also submitted that the land was purchased by the companies. Those companies were not controlled by Jain as he had a very small share. Companies and shareholders are separate entities. The property of the Company is not considered the property of shareholders.The trust about which ED is talking, my client had resigned from them before the check period of 2015-2017. He has nothing to do with those trusts. Apart from that, he is suffering from sleep apnea, counsel for Jain had submitted.On the other hand, Additional Solicitor General (ASG) S V Raju opposed the bail saying that the conduct of Satyendar Jain as a public servant who is indulged in money laundering hawala channel did not make a case for granting him bail. He is influential, he may influence the witnesses as the investigation is still going on.ASG had submitted that Jain had not cooperated in the investigation. His answers were always evasive. He denied the connection with the trust. When confronted with documents he said he doesn't remember as his memory has been affected post-COVID-19.

S V Raju had also submitted that the money laundering was done under the corporate veil of companies which Jain had controlled. Vaibhav Jain and Ankush Jain were made directors in those companies. They were his benamidars.There is evidence that the accommodation entries were made in two trusts Lala Sher Singh and Jindal trust. Jain was connected with these trusts but he did not disclose this fact at the first instance, ASG had submitted.The court had asked the ASG, " whether any accommodation entries in Lala Sher Singh trust during the check period. To this, he replied we are finding out.The court had also asked, " how much amount out 4.81 crores is used for the purchase of land and share etc.The prosecution had said it is beyond that. The conspiracy was hatched in 2010.He had also said there is evidence that meetings were held at the office of CA J P Mohta and these were attended by Rajendra Bansal who was from Kolkata.The accommodation entries were made by Kolkata-based companies on a commission basis.The amount of money laundered is 17 crores. An investigation is still going on in this regard.Vaibhav and Ankush Jain were his benamidars, ASG submitted.Earlier ED had submitted, "a large amount of cash found from the benamidars. Rs 2.85 crores plus 1.8 kgs of gold have been recovered from a jeweller during searches."The Defence counsel submitted that the alleged money laundering offence was finished at the moment when the Agricultural land was attached by the ED.ASG had submitted a document before the court. The court said, " This document has been signed by Jain as president."He was arrested on 30 May in the money laundering case connected with the disproportionate asset (DA) case registered by CBI. (ANI)

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With a busy council period drawing to an end, Norfolk CAO Al Meneses outlined for council his priorities, focusing on people and buildings.

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“Staff should be very proud of the accomplishments we’ve made to date but the work is not complete,” Meneses said during a council-in-committee meeting on June 14.

“For the balance of the term, staff will be working to complete many initiatives and have added only a few priorities.”

Along with returning to pre-pandemic service levels, Norfolk celebrated Community Day Saturday with free activities like swims, skating, crafts and movies around the county. There was also the Strawberry Festival and car show in Delhi.

But Meneses said the next focus needs to be on attracting and keeping good people for municipal jobs.

He outlined a plan to bring in a consultant to implement a system of performance managing, coaching and mentoring.

“Norfolk staff are at the heart and soul of the county and we need to focus on our administration in a challenging market by investing in our staff,” said Meneses.

Coun. Mike Columbus welcomed that focus.

“I think we’re struggling with staffing and recruitment,” Columbus said, suggesting the whole system should be “fine-tuned.”

Meneses also outlined a plan to take a hard look at the county’s entire real estate portfolio to reduce costs and increase use and efficiencies.

“This needs to be a primary consideration for the county,” said the CAO.

“We need to identify inefficient and burdensome facilities and properties, consider our footprint and service delivery model, identify opportunities for multi-use and rebuilds, free up capital, help pay down debt and centralize our administrative footprint.”

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Such major challenges won’t be easy, he warned.

He noted Norfolk has fire and EMS stations “well beyond” their life expediencies and attention is necessary now on buildings housing rec centres, museums, work yards, utility buildings, libraries and other assets.

But, he said, all buildings have to be looked at in an overall plan that puts things into the context of their use, location and how they serve the communities.

Funding for this Facility/Portfolio Re-evaluation Project will run about $300,000 and be covered through the reallocation of money already approved in capital projects.

Meneses said $250,000 for the investment into staff recruitment and retention will be under an Our Norfolk Initiative, covered by 2021 surplus funds.

Councillors approved the recommendations.

SGamble@postmedia.com

@EXPSGamble