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FINXpress FEBRUARY 08, 2015 | A FINNICHE INITIATIVE
Term of Week
In Focus
Opinion
Tech World
Follow-up Public
Offer | 6
Stream Mini and Pavilion Mini Affordable Compact
PC’s |12
Vinod Dham |11
IMF Reforms Delayed:
Alternatives needed | 4
Delhi
Elections | 2
Personality
FinXpress
Disclaimer: FinXpress takes no responsibility for the opinions expressed in the magazine.
P u b l i s h e r o f t h e e d i t i o n :
P r i t i S u r e k a
Page 1 of 12
Chakravyuh’15
CONTENTS
InFocus | 2
Delhi Elections
Opini on | 4
IMF Reforms Delayed:
Alternatives needed
Term o f the Week | 6
Follow-up Public Offer
Marke t th i s Week | 7
News | 9
Personal i ty | 11
Vinod Dham
Tech Wor l d | 12
Stream Mini and Pavilion
Mini Affordable Compact
PC’s.
February, 08 | 2015 | Volume 33
The countdown for Chakravyuh’15, IMT Ghaziabad’s Sports event has begun. The teams are
finalizing their strategies and practicing with full vigor. The battlefields are under the process of
renovation. The inauguration ceremony of the event is to be held at 18:00 hrs on 12th
February,2015. IMTians are invited to attend the event and show your support to the teams.
Club FinNiche releases its weekly magazine FinXpress, with the In Focus talking about the
‘Delhi Elections’. The Opinion gives an overview of ‘IMF Reforms Delayed: Alternatives
needed’.
The term of the week describes “Follow-on Public Offer", an issuing of shares to investors by a
public company that is already listed on an exchange. Do have a look at the market section,
Tech world which brings to you about Stream Mini and Pavilion Mini Affordable Compact PC’s
and Personality of the week, Vinod Dham.
Hope everyone likes the revamped version of magazine. Club FinNiche welcomes any
comments, suggestions or criticism regarding the magazine. Please do write to us and share
your ideas.
Happy Reading!
Regards
The Editorial Team
Club FinNiche
Page 2 of 12
Former Chief Minister, Arvind
Kejriwal, a strong contender.
The last government lasted
only 49 days.
Power companies are appre-
hensive about AAP winning the
election.
Market might experience a sell
off if AAP comes to power.
In Focus - By Shashwat Shekhar
On 12th January 2015, Election Commission of
India announced that state assembly election of
Delhi is going to be held on 7th February, 2015.
This is the second time in the last fourteen months
that the people of Delhi will vote to elect a Chief
Minister.
The last election held in December ‘13 resulted in a
fractured mandate with Bhartiya Janata Party
emerging as single largest party (32 seats),
although failing to form a majority in the state
assembly. Aam Aadmi Party took part in the
elections for the first time under the leadership of
Arvind Kejriwal and came in, a close second to BJP
(29 seats). Finally, AAP with the support of Indian
National Congress formed a government with
Arvind Kejriwal as the Chief Minister. This
government lasted 49 days because Arvind
Kejriwal resigned from his post as the government
failed to table the Jan Lokpal Bill in the assembly.
BJP expressed inability to form the government,
hence the state assembly was dissolved and
President’s rule was implemented. It is a difficult
situation to be in, for a state that had the same
Chief Minister for 15 straight years before 2013.
As campaign draws to a close, let’s have a look at
major contenders:
AAP under Arvind Kejriwal: Founded primarily to
champion the cause of common people of India,
they spoke against corruption and VIP culture of
politicians. The party made huge waves in the 2013
assembly elections by winning 29 seats. Once in
power, populist measures, such as providing
20,000 L of free water to every household every
month, were taken. Cost of electricity was reduced.
Though these measures were viewed favourably
across India, a section of people expressed caution
over the populist measures. Arvind Kejriwal’s
resignation as Chief Minister of Delhi was
considered as a betrayal of people’s trust and was
condemned by all political parties as a wrong
move. Arvind Kejriwal challenged Prime Minster
Narendra Modi from Varanasi in the Lok Sabha
elections and lost by a significant margin. Senior
leaders left the party citing autocratic nature of the
leader. AAP’s popularity declined for major part of
2014. An opinion poll survey held in December
2014 by news channels showed that AAP would
finish a distant second, behind BJP, if fresh
elections were to be held in Delhi. Since then AAP
has made a credible comeback.
Arvind Kejriwal started the campaign by making a
public statement that quitting the Chief Minister’s
chair was one of his biggest mistakes. Also for
major part of the campaign AAP has avoided direct
attacks on BJP and in particularly the Prime
Minister. They have also promised to install 15 lakh
cameras to ensure safety of women, provide free
Wi-Fi in Delhi, build around 2 lakh toilets in the
capital and many more.
A new opinion poll has showed AAP finishing
ahead of BJP. AAP’s ideology is more along the
lines of socialism rather than capitalism. When it
was in power AAP took a stand against FDI in multi
brand retail. This stance made the business
community jittery. Some investors from silicon
valley have voiced their concerns about investing in
Delhi if AAP comes to power. In it’s brief stay AAP
had managed to antagonize the corporate houses.
So much so that the day the result of opinion polls
Delhi Elections
Kiran Bedi is BJP’s Chief Min-
isterial candidate.
The corporate houses are
backing BJP to win the elec-
tions.
BJP is in favor of implement-
ing GST.
INC might play a role in case of
a hung assembly.
In Focus
Page 3 of 12
were announced the market recorded a dip. The
shares of power companies like Reliance and Tata
Power were specially affected. It is possible that if
AAP wins the elections, market may experience a
sell off. Power companies are especially
apprehensive as AAP wants an independent audit of
the power companies. In the recent campaign AAP
has tried to pacify the business community. AAP’s
manifesto has promised lowest VAT in the country.
They have also promised simplify VAT filing for the
traders.
BJP under Kiran Bedi: The rise of BJP in 2014 has
been spectacular with the party winning 282 Lok
Sabha seats . Since then the party has been able to
record wins in almost every state assembly elections
held including Jharkhand, Maharashtra, Haryana. In
J&K it is expected to form a government in alliance
with PDP. Much of this success has been dedicated
to the Modi wave with the Prime Minister being the
face of most of the campaigns. BJP has fought all the
elections with development as the prime focus.
The party has produced successful Chief Ministers in
Narendra Modi, Shivraj Chauhan and Manohar
Parrikar. BJP was favoured to win the state elections
of Delhi but as stated earlier the scenario has
changed and AAP is now favourite to win the
election. To strengthen leadership in Delhi BJP
inducted two former allies of Arvind Kejriwal into the
party- Kiran Bedi and Shazia Ilmi. They nominated
Kiran Bedi as their Chief Ministerial candidate. Kiran
Bedi who was India’s first woman IPS officer is
considered by BJP, a strong candidate to challenge
Arvind Kejriwal. BJP posts 5 questions to AAP
everyday in order to target them. BJP’s 250 point
vision statement for Delhi includes key areas like
transparency, accountability and no tolerance
towards corruption.
BJP has chosen to keep quiet on providing full
“statehood” to Delhi. The impact of this vision
statement can be gauged only after the results. BJP
is known for it’s business friendly attitude. The party
is in favour of GST and unlike AAP, they have been
clear about it. Implementation of GST would lead to
increase in investments in Delhi and would provide
stable tax environment to the corporates. Markets
are expected show substantial gains if BJP comes to
power in Delhi.
INC under Ajay Maken: With only 44 members in
Lok Sabha and having lost all the assembly elections
after that, INC has been written off by everyone.
They are expected to win fewer seats than last time.
But the grand old party of India might have a role to
play in case of a fractured verdict just like in 2013.
Delhi goes to vote on 7th February and counting is on
10th February. The result of this election could
possibly define the direction of politics in India.
Results of opinion poll held in Dec 2014 and Jan
2015.
(Source: Economic Times)
Opinion
IMF reforms delayed: Alternatives
needed
- By Shubhra Sasmit
Page 4 of 12
The IMF (International Monetary Fund) calls itself
the first responder to a financial crisis, their claim
that they justify by their response to the 2007
economic crisis, and their response to the
European crisis and the debt crisis that is
continuing till now in Greece. But the question that
arises today is whether their effectiveness and their
legitimacy is beyond doubt or whether its in serious
doubt. The IMF functions in a quota based way,
where each country has a weightage given on the
basis of their relative size in the global economy,
and according to these weightage their respective
contributions to the IMF funds are determined.
The countries pay their share of quota of fund in
the following ways: One quarter of their share in
form of the widely accepted foreign currencies such
as US dollar, euro, yen and pound) or in the form of
SDR( Special Drawing Rights) and the remaining
share are paid in their own currencies.
The problem that exist today is that institutions like
IMF were born from the Bretton Woods system that
basically gave control of the decision making to the
relevant countries of that time when it was formed
(27 December, 1945). So although the IMF today
has 188 members, but the main decision making
body of the IMF, the executive body has 24
members which looks after the day to day
functioning of the IMF, these 24 board members
represents all 188 countries, where the smaller
countries are grouped together to from one
member, with US and China having their own seat.
To reflect the growing changes in the world
economy the IMF passed a reforms package in
2010 that was to be implemented within 3 years.
The problem is that to pass any reforms the IMF
has to approve the reform by a whopping 85% of
the majority, this is where the problem lies, US has
the voting share of 16.75% effectively giving it a
veto, and several congressional sessions have
passed without the US Congress ratifying the IMF
reforms, whereas the current vote share that has
already approved the package is 77% that is
almost the entire members of the IMF community.
The reforms were supposed to make the IMF more
legitimate and would have shifted 6% weightage to
the emerging economies including China which
would have seen the biggest growth in its voting
share.
K e y P o i n t s
IMF functioning
Role of IMF in the world
Decision Structure
Changing global economy
landscape
Opinion
Page 5 of 12
What should India do?
India, one of the leaders of the emerging economies
and having 4.4% of the GDP share of the world
economy, was to see an increment to its voting
share in the Board of Governor in the IMF, it would
increase from 2.44% to 2.75%, making it the 8th
largest quota holder at the IMF from the current 11th
position. The continued delay by the US in doing its
part, rankles the BRICS and the other emerging
countries. For all its preach of inclusivity and
representations Europe and US refuses to
democratize the IMF and thereby reduce their
power, even though after reforms US would still
enjoy veto.
India should and it is doing, work with BRICS
economies and further strengthen the BRICS bank
process and create a parallel structure, if the IMF
can’t reform.
Cooperation should remain there with IMF and
World Bank on issues of global importance. The
reality is the world is moving towards multi polarity,
and institutions need to reflect that, a functioning
BRICS bank and other banks like ADB decreases
the clout of the western nations who are overly
represented in these institutions which is not
reflected by their share of the global economic
landscape, just for an example China, the world’s
second largest economy, will still be third in the
overall quota of the IMF even after reforms.
India is often called the voice of the underdeveloped
and the countries of the Africa in UN, so India
lending its voice to the institutions like BRICS and
ADB, will diversify the global economic landscape
as India today is one of the leading economies of
the world, though there is still a long way to go.
Decisions like financing Greece on its debt even
though the Greeks didn’t qualify on 3 out of the 4
categories for issuing fund by the IMF, just goes on
to show that the IMF is and was a west dominated
institution which is averse to change.
Europe is grossly over represented which is and will
lead to clashes with the emerging economies.
The future lies with a parallel structure that can take
in the needs and the rights of the emerging
economies, and creates a rule based organization
where the playing field is the same for all. India
along with China have to become the leader of
these movements as they are the bastions of the
emerging economies.
This is by no means a call to arms, India is and will
continue to be a partner of the West and Europe,
these steps are required for writing and updating
the rules that were last written in 1945, to factor in
the changes that has taken place and the changes
that will take place. Regional institutions like BRICS
bank can help usher in the changes and acts as a
check on the IMF and World Bank and can be a
constant reminder that parallel institutions exist, if
they think they can afford to be complacent.
R o l e O f I n d i a
BRICS and other institutions
Role of emerging economies
The future of global institutions
E n e r g o us
Energous Corporation is a
technology and intellectual
property licensing company
which will leveraging strategic
partnerships to expand the
WattUp ecosystem.
I t i s a ls o s o f t w a r e c o n -
t r o l l e d
The entire WattUp wire-free
charging system is software
controlled. Using either a mo-
bile app or cloud-based web
portal, you can to identify
which devices you want to
receive power, in which order
of priority, and even at what
times you want the devices to
charge.
Follow-on Public Offer
Term of the Week
Page 6 of 12
When any company which wants go public by
raising funds from general public will issue stocks
of the company for the first time. This process of
issuing of shares to the general public is called
initial public offering (IPO). This is usually done by
small companies who are seeking capital to
expand and also by large privately owned
businesses looking to become publicly traded.
Now, what if the company needs further funds
which it wants to raise through equity from public.
Can the company issue share again? Yes, this is
called Follow on Public Offer (FPO). FPO (Follow
on Public Offer) is a process of issuing new shares
to the public by a company which is already listed
on an exchange. FPO is generally used by
companies to diversify their equity base
A follow-on offering can be both dilutive and non-
dilutive or a mixture of both. In a dilutive follow-on
offering the company issues new shares in addition
to the already existing shares in the public. Where
as in case of non-dilutive follow-on offering
company is not increasing its existing number of
shares but increasing its float i.e. number of share
available for the general public to trade.
Let us understand dilutive and non-dilutive clearly
through examples. A company which has issued
1,00,000 shares through IPO. Now it wants to raise
capital again through equity i.e. by issuing shares.
If it goes with dilutive FPO, it issues new shares in
addition to existing shares.
Assuming it has issued 50,000 new shares now the
total number of shares are 1,50,000. Now all net
income now is eligible to share between 1,50,000
share unlike 1,00,000 shares before FPO. This is
called dilutive FPO because all the earnings and
the multiples are diluted because the same
earnings are to be shared between more number
of shares.
But, in case of non-dilutive FPO the company will
not issue any new shares but the founders/chief
executives of the company will sell their shares
increasing the float i.e. number of share available
for general public. The number of shares here
remains 1,00,000 and this is the reason earnings
are not diluted and so called non-dilutive FPO.
If we look into the differences between IPO and
FPO, IPO is more risky. For an individual investor it
is difficult to predict the price of the share and
future prospects of the company because very little
information is available about the company’s
history. Also, most IPOs are of companies going
through a transitory growth period, and they are
therefore subject to additional uncertainty
regarding their future value.
But for FPO public already aware of the current
and future performance of the company and can
exactly estimate the cost by looking at the price of
the previously issues share price. If a company is
coming out with an FPO, it also means that the
company is short of funds. An FPO is raised for
more funds or money or for establishing new
projects.
-by Mohana Krishna Kummara
The stock of Tata Motors
plunged 5 per cent to close at
₹559.60 on Friday after the
company posted the steepest
decline in profit in seven quar-
ters.
Among the gainers HDFC
holds firm, up 2.6%, Infosys
Ltd added 1.63%, while Sesa
Sterlite Ltd advanced 1.35% on
BSE.
INDIAN MARKETS
Shares of power companies such as Tata Power and Reliance Power will continue to remain in
focus next week due to Delhi polls. Analysts feel an Aam Aadmi Party victory may hit power com-
pany stocks as the party’s policies, such as more subsidy for power, and its opposition to reforms,
such as FDI in retail, have struck a sour note with investors. Already power companies have
started weakening after opinion polls have suggested the party is ahead in Delhi. Saturday and
Sunday will see about 80 companies declaring their October-December quarter financial perform-
ance.
BSE SENSEX
CNX NIFTY
Market this Week
Page 7 of 12
Open High Low Close
SENSEX 28892.21 28922.85 28647.14 28717.91
NIFTY 8696.85 8,726.20 8,645.55 8661.05
Market this Week
Page 8 of 12
COMMODITIES
EXCHANGE RATES
INTERNATIONAL MARKETS
Commodity Unit Rs / Unit % Change
Gold 10 grams 26802.00 -1.83
Silver 1 kg 37024.00 -2.21
Crude Oil 1 bbl 3260.00 2.29
INR/ 1 USD 61.6950
INR /1 EURO 69.8698
INR/ 100 JAPAN YEN 0.5186
INR / 1 POUND STERLING 94.0903
Open High Low Close
NYSE Comp 10,903.29 10,931.76 10,820.83 10,847.51
NASDAQ 4,768.85 4,787.19 4,731.22 4,744.40
S&P 500 2,062.28 2,072.40 2,049.97 2,055.47
FTSE 100 6,865.93 6,886.18 6,835.53 6,853.44
CAC 4,698.84 4,707.24 4,675.37 4,691.03
DAX 10,866.20 10,877.67 10,802.89 10,846.39
NIKKEI 225 17,696.18 17,700.67 17,603.07 17,648.50
SSE 50 2,335.36 2366.33 2303.11 2,325.24
Hang Seng 24,843.20 24,843.20 24,645.76 24,679.39
Alibaba buys 25 per cent stake in Paytm's parent unit, One97 Communications
Jack Ma-owned Alibaba-the largest e-tailer in the world- will acquire 25-per cent stake in One97
Communications, the parent of mobile commerce firm Paytm, as the Chinese e-commerce giant
makes its debut in the rapidly expanding m-commerce space in India. Ant Financial Services, part of
the Alibaba Group, said on Thursday that it has entered in a strategic agreement to acquire 25-per
cent stake in One97 to support the growth of mobile payment and commerce platform in India. Paytm
will use the funds to grow its mobile payment ecosystem and further boost its commerce user base.
The deal represents Ant Financial's first-ever investment in an Indian company, the statement
added.Ant Financial will also provide Paytm with strategic and technical support for its business.
Huawei opens R&D centre in Bangalore, invests USD 170 mln
Chinese telecom equipment producer Huawei has inaugurated its research and development (R&D)
campus in Bangalore. The centre can accommodate 5,000 engineers. However, the facility currently
employs 2,700 people. "The India R&D centre will continue to focus on development and delivery of
high quality software platforms, components and applications for the various product lines of the parent
company", said Huawei India R&D Center COO Wilson Wang. The Bangalore centre is Huawei's
largest R&D facility outside China. Huawei has invested around USD 300 million in R&D in India over
the past 15 years.
FY16 disinvestment target to be around Rs 43,000 cr
Finance Minister Arun Jaitley in the Budget for 2015-16, is likely to target around Rs 43,000 crore from
disinvestment proceeds, almost the same level that the government expects to realise from stake sale
in PSUs this financial year. "The disinvestment target to be outlined in Budget should be in line with
this financial year's target. There are only a handful of big companies which have to comply with the
minimum public holding norm," a source said. Jaitley would present the Budget for 2015-16 on
February 28. The government looks at disinvestment proceeds as a major source of revenue, after tax
collection, to finance the fiscal deficit.
The government last week sold 10 per cent stake in CIL for Rs 22,558 crore. It has to sell another 5
per cent in the company to achieve the minimum 25 per cent public shareholding norm as prescribed
by market regulator Securities and Exchange Board of India (SEBI).
G o v e r n m e n t m a y s c r a p
d i v i de n d d i s t r i b u t i o n t a x
The government is considering
scrapping DDT in its annual
Budget this month, as part of
efforts to boost investor
sent iment, a Television
Channel reported.
Unlike many other countries,
India taxes companies on their
payment of dividends to
shareholders at a rate of 15 per
cent. Scrapping the levy could
increase net pay-outs and
boost the attractiveness of
Indian stocks.
News of the Week
Page 9 of 12
News of the Week
Page 10 of 12
NSE asks investors to keep funds ready for upcoming OFS issues
Buoyed by retail participation in recent Coal India divestment programme through OFS, India’s leading
bourse NSE on Wednesday said brokerages and investors need to keep adequate funds ready to buy
shares in such issues as they are announced in a short notice. The offer for sale (OFS) mechanism
facilitates the promoters of listed companies to sell their existing shareholding through an exchange-
based bidding platform.
According to norms, a seller has to announce intention of sale of shares at least two days ahead of the
trading day of the issue (T-2). Noting that the government is likely to take the OFS route to divest its
stake in various companies in the coming months, NSE Chief Business Development Ravi Varansai
expressed concerns that timelines provided for retail investors under the mode were “extremely tight”
and as such they should be prepared for such issues in advance.
Meru to spend Rs 600 cr to buy regional taxi brands
Meru Cabs, a pioneer in the radio taxi segment, is set to spend about $100 million (a little over Rs 600
crore) for acquiring service providers in the next couple of months. Dismissing speculation over Uber
being in talks with Meru for a buyout, Chief Executive Officer Siddhartha Pahwa said they were in an
advanced stage of raising about $150 mn. A large part of it would be used to acquire small to medium-
size taxi service provider brands across India.
Twitter tops Wall Street revenue target, user growth slows
Twitter Inc said on Thursday the social media company is signing up users as quickly as most of last
year after a fourth-quarter slowdown, boosting its shares 11%. Twitter beat Wall Street's profit and
revenue targets in the fourth quarter. User growth weakened in the quarter, but picked up in the new
year, Chief Executive Dick Costolo said in a statement.
Twitter added 13 million to 16 million users in each of the first three quarters of 2014 and was on track
to hit a similar number in the current quarter, it said. That compares with a rise of about 4 million in the
fourth quarter to 288 million monthly users as of Dec 31. Costolo said on a conference call that
quarterly specific factors, including seasonality and the launch of Apple Inc's new mobile operating
system, slowed additions in the fourth quarter. Shares of Twitter, which initially slipped after the results
were released on Thursday, rose in after hours trade to $45.91 from their closing price of $41.26.
Personality of the Week
Page 11 of 12
Vinod Dham - Inventor, Entrepreneur and Venture Capitalist
Vinod Dham is popularly known as the father of the
Pentium processor. Born in 1950 in Pune, he had
his initial schooling in Pune. He did his Bachelors
in Electrical Engineering from Delhi College of
Engineering in 1971. Thereafter he had a brief stint
with Continental Devices, a Delhi based
semiconductor company.
In 1975, Vinod Dham went to the US and did his
Masters in Electrical Engineering from the
University of Cincinnati. After completing his
Masters in 1977, Vinod Dham joined the National
Cash Register (NCR) at Dayton, Ohio. Vinod was
a team member of the NCR's memory design
group. He received many patents for his work at
NCR.
Career
While making a presentation at the IEEE
conference in Monterrey, California on re-
programmable memory, Vinod Dham received an
offer from the Intel to work with them. In January
1990, Vinod was in-charge of developing the 586
or Pentium processor. He worked relentlessly on
the project and the Pentium processor was a big
hit in the market. Vinod Dham rose up the
corporate ladder and reached the position of the
Vice President of the Intel's Microprocessor
Products Group. He quit Intel in 1995.
Thereafter, Vinod joined NexGen, a start-up firm
as Chief Operating Officer and Executive Vice
President.. When Advanced Micro Devices Inc.
(AMD) acquired NexGen in 1996, Vinod Dham
looked after the development of AMD's famous K6
Processor, world's fastest personal computer
microprocessor. Later on he quit AMD.
In News
Vinod Dham was recently in news regarding his
comeback as an entrepreneur after 15 years. The
inventor and venture capitalist will be the chief
executive of online technology education startup
Acadgild, which he has co-founded along with
India's storied entrepreneur duo - Krishnan
Ganesh and Meena Ganesh.
Acadgild's internet-based platform aims to teach
just about anybody , including a class 10 student,
software programming that is relevant to today's
rapidly evolving digital world. Globally about 50
billion devices - from cars to consumer electronics
- will be connected by the end of the current
decade.
B o r n
1950
A l m a M a t e r
University of Cincinnati
Delhi College of Engineering
C i t i z e n s h i p
United States of America
C e l e b ra t e d W i t h
1993: Top 25 executives in the
US computer industry.
1999: Top 100 most influential
Asian Americans of the
decade.
2000: Appointed to serve on
the President’s advisory
Commiss ion on As ian
Americans and Paci f ic
Islanders by President Clinton.
2009: Awarded the NRI
Achievement Award at the NRI
Global Summit.
Tech World
Page 12 of 12
Stream Mini and Pavilion Mini Affordable Compact PCs
HP launched low cost Windows alternative to
Chromebox - the HP Stream Mini PC - at $180
(more or less Rs. 11,500), complete with a
packaged keyboard and mouse.
The organization has likewise presented the
Pavilion Mini PCs beginning at $319.99 (roughly
Rs. 20,000) with the Intel Pentium CPU, and
$449.99 (more or less Rs. 28,000) for the Intel
Core i3 model. Both - HP Stream Mini and HP
Pavilion Mini - accompany Windows 8.
On the lines of Mac Mini and Chromebox, the HP
Stream Mini is conservative machine with a stature
of about 52.3mm and a weight of give or take
0.72kgs.
The HP Stream Mini packs an Intel Celeron 2957U
(1.4GHz, 2 centers, 2 strings) processor, 2GB of
DDR3L (1600MHz) RAM and 32GB SSD
stockpiling.
The Intel Pentium-controlled details of the HP
Pavilion Mini PC incorporate a 1.7GHz Pentium
3558U CPU, 4GB of RAM, and a 500GB 7200RPM
hard commute. The other Pavilion Mini packs a
1.9GHz Core i3-4025U CPU, 8GB of RAM and a
1TB 5400RPM hard commute.
Moreover, HP is putting forth free 200GB of
Microsoft OneDrive stockpiling for a long time, and
a value $25 (give or take Rs.1,800) blessing card
that can be utilized at the Windows Store to
purchase applications, music, and even Xbox One
amusements, says organization. Network choices
on the HP Stream Mini and HP Pavilion Mini
incorporate Ethernet port, four USB 3.0 ports,
incorporated Wi-Fi 802.11n, Bluetooth 4.0, SD card
peruser, sound jack, DisplayPort 1.2 and a HDMI
1.4 port.
-by Shikha Sharma
C o s t
Near about Rs. 12,000