Tuesday, April 24, 2018

La Alegria International Tours Pvt. Ltd announces its grand launch

La Alegria International Tours Pvt. Ltd., Chennai based Travel and Tour Company was inaugurated recently by Shri V. Kamaraja, IPS and Former Additional Director General Of Police. The company is engaged in offering luxury and budget tours to several destinations in India and around the world, through its online portal.

Shri. C Kamara, an IAS Officer and Managing Director or Tamil Nadu Co-Operative Milk Producers Federation, was the chief guest at the launch event of this company. The event also saw the presence of distinguished guests Thiru A. Henry, MBA, LLB and National President of FAIRAAA, Thiru G.P. Lenin, BE, MIE, and president of DICCI along with Smt. Prescilla D’Souza, Director of IATA, Chennai.

Mr. Thirumurugan, Managing Director of La Alegria expressed his gratitude to the honorary guest for their presence. He also explained the values and mission of the company. “We strive to offer world-class travel and tour services to our customers, promising personal, and friends and prompt service at competitive prices”, he spoke on the occasion. He also outlined the various travel services offered by the company.

La Alegria International Tours aspire to offer hassle-free travel experiences and have come up with a variety of travel packages to suit every budget. Right from family packages, group packages, corporate packages to student packages and trekking tours, it offers something for everyone. The special EMI Scheme floated by the company enables the travellers to pay a fixed sum every month and enjoy a vacation after a certain term. 

La Alegria believes in the core values of integrity, communication and teamwork to deliver exciting and cost-effective travel solution’s that foster long-term relations with its customers. Its customized service and determination to excel makes La Alegria a travel company to look out for.

Bitcoin, Ripple rise sharply again: Is there a way to invest despite RBI clampdown?

Crypto players say that there is still a possibility of taking positions in India without making or receiving payments in actually currency.

After a massive decline in prices since the beginning of the year, cryptocurrencies have shown substantial rise once again during April with reports suggesting that Bitcoin rose 36 per cent during the month and coming close to $10,000. It had slipped to $6500 levels at the beginning of the month.

Other big names in the crypto market rose at a faster pace in April. While Ethereum gained 56%, Ripple moved higher by 68%.

Are you as Indian investor wanting to join the party but sitting on the sidelines watching helplessly ever since the Reserve Bank of India in its credit policy earlier this month clamped down on crypto exchanges by directing its regulated entities not to deal with virtual currency exchanges?

Well, crypto market players say that there still is a possibility of taking positions in the cryptocurrencies in India. This has to be done without making or receiving payments in actual currency.

“RBI’s decision will surely increase the friction of transactions carried out through the Indian exchanges, but it isn’t an end to the crypto markets in India although there might be a shift in the modus operandi. There is possibility to trade crypto-to-crypto and not fiat (money)-to-crypto. The logistics of this will have to be re-visited since if you’re transacting through an Indian exchange, you need to have an Indian bank account. Else, the businesses will shift offshore, and only those Indians that have foreign bank accounts in the relevant country will be able engage in fiat-to-crypto and crypto-to-fiat trading. This will all of course depend on the laws of the foreign traders/account holders etc,” Varun Satyam, CBO, Almora, a cruptocurrency investment banktold Moneycontrol.

Satyam believes those who already have positions in cryptocurrencies can consider holding on to their positions till a finality is reached on litigation filed against the RBI directive. “Should Investors who truly believe in the idea of cryptocurrencies would still continue holding them. The other two ways down the line at present, either cash out or continue trading, but both options have their caveats. If they want to cash out, there is a possibility that the crypto markets would get flooded as many people might look to cash-out, and there may not be enough buyers which will drive prices downward. So holding on to their investments for markets to mature is one probable solution,” he said.

Several cryptocurrency platforms have approached the courts against RBI’s recent clampdown. “Industry stakeholders are discussing the issue with groups such as the Blockchain And Cryptocurrency Committee of India and the Internet and Mobile Association of India to quickly come up with feasible solutions for the current market situations. The government might have to retract on its stand like it happened in Korea else the cash OTC market will continue to flourish. If the government stands firm on their decision then these entities will have to eventually pivot their business model from crypto-fiat to crypto-crypto hence omitting the fiat part in totality,” Satyam said.

Other crypto players feel that proper regulation of the market will help the cryptocurency market to grow in the long run. “Nations in large numbers are bringing regulations because of which stability and awareness will come in market and hence more people will enter cryptocurrency,” Bharat Verma, Founder and CEO, Pluto Exchange said.

Chennai Super Kings clinch last over thriller against Sunrisers Hyderabad

Dwayne Bravo consistently bowled in the block hole in a tense finish as Chennai Super Kings prevailed over a weakened Sunrisers Hyderabad by four runs to consolidate their position at the top of the order in the Indian Premier League (IPL). Given the responsibility of bowling the final over with SRH requiring 19 runs, the composed Dwayne Bravo was hit for six and a four by Rashid to bring the equation to six off one. Bravo managed to get it on the block hole and Rashid could only manage a single. (Source: IPL)

Dwayne Bravo and Harbhajan Singh of the Chennai Superkings along with Carlos Brathwaite and, Shikhar Dhawan of the Sunrisers Hyderabad enjoyed a light moment before the start of the match. (Source: IPL)

Invited to bat after the coin landed in favour of Sunrisers Hyderabad skipper Kane Williamson, Bhuvneshwar Kumar struck early to pick up the wicket of Shane Watson. (Source: IPL)

Faf Du Plessis of Chennai Super Kings was stumped by Wriddhiman Saha off Rashid Khan. (Source: IPL)

CSK were well served by Ambati Rayudu's smashing knock of 79 off only 37 balls and Suresh Raina's brisk 43-ball 54. The duo of Rayudu and Raina added 112 runs for the third wicket as SRH struggled for breakthroughs (Source: IPL)

MS Dhoni blazed his way to a 12-ball 25, hitting three boundaries and a six, as the two-time champions crossed 180. (Source: IPL)

SRH's start was worse than their opponents as they lost three wickets in the six powerplay overs - all of them falling prey to Chahar. (Source: IPL)

From 22 for three, SRH moved to 71 in the 11th over when Shakib Al Hasan (24) was dismissed by spinner Karn Sharma. Williamson, however, was not going to go down without a fight as the talismanic New Zealander conjured another half century partnership with Yusuf. (Source: IPL)

Williamson's knock contained five sixes and as many boundaries and had it not been for SRH's horrid start, he and Yusuf may have helped them cross the line (Source: IPL)

Dwayne Bravo successfully defended 19 runs in the last over. (Source: IPL)

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