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Amul to invest Rs2,500 crore to raise milk processing capacity

Gujarat Cooperative Milk Marketing Federation is looking to raise the capacity by 2020





RBI proposes increased margin requirements for some derivative segments

RBI proposed such margin requirements be imposed on all non-centrally cleared derivatives, where at least one of the parties is a scheduled bank or an RBI-regulated entity




Self-listing not allowed under current norms: Sebi to NSE

The National Stock Exchange (NSE) has been pitching hard for either self-listing or direct supervision by Sebi, and not by a rival exchange, in case of cross-listing.




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Financial inequality highest in India and China, says IMF

According to the IMF, both China and India have grown rapidly and reduced poverty sharply; however, this impressive economic performance has been accompanied by increasing levels of inequality.




Bell Canada buys Manitoba Telecom for Can$3.9 billion

Montreal, May 2, 2016 (AFP) -Telecommunications behemoth Bell Canada announced Monday the purchase of Manitoba Telecom Services -- one of the few remaining independent regional telecoms in the nation -- for Can$3.9 billion (US$3.1 billion).




Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
King Abdullah once banned his brash nephew, all of 26 at the time, from setting foot in the Ministry of Defense after rumors reached the royal court that the prince was disruptive and power-hungry. Later, the pair grew close, bound by a shared belief that Saudi Arabia must fundamentally change, or else face ruin in a world that is trying to leave oil behind. Today, Prince Mohammed is effectively the power behind the world's most powerful throne and the man responsible to move Saudi Arabia into the next century. Western diplomats in Riyadh call him Mr. Everything. He's 31 years old. The ascendance of a third-generation prince was of acute interest to the half of the population that's under 25, particularly among the growing number of urbane, well-educated Saudis who find the restrictions on women an embarrassment. However, things are not going to be easy. Youth unemployment is at 30 percent and many are venting on Twitter. Also, supporting more freedom for women will mean taking on the powerful religious establishment. - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income that guarantees a flow of cash to 6000 people in Kenya for the next 10 years or more. What's different about this project compared to similar efforts in Finland, Silicon Valley and Ontario is that entire villages (in a developing country) will get the amounts and they are guaranteed to get it over a long period of 10 years. Even within a year or two, consumption patterns and other behaviour will likely change in the villages getting the UBI, in large part because participants know the payments will continue for the foreseeable future. That will likely lead to planning and work shifts that wouldn't take place in a temporary trial. So far, it's gotten results. A randomized evaluation of the charity found that recipients ate more and experienced less hunger, invested in expensive but worthwhile assets like iron roofs and farm animals (and did not spend more on things like alcohol or tobacco), and reported higher psychological well-being. They were less hungry, richer, and all-around happier. - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
While we have Smart Cities being planned in India, Singapore is becoming a Smart Nation. Now, Smart Nation is the most extensive effort to collect data on daily living ever attempted in a city. Officials say the program is designed to improve government services through technology, better connect its citizens, and encourage private-sector innovations. For instance, sensors deployed by private companies in some elderly people's publicly managed homes will alert family if they stop moving, and even record when they use the toilet in an attempt to monitor general health. As part of routine enforcement last year, unrelated to Smart Nation, the government said it fined a 38-year-old man roughly $14,000 after he was caught repeatedly throwing cigarette butts out of his high-rise apartment. He was photographed shirtless by security cameras, and images of his transgression were posted on the website of Singapore's environmental agency. Now, just imagine the possibilities, if we had this in India! - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Facebook is either the savior or destroyer of journalism in our time. An estimated 600 million people see a news story on Facebook every week, and the social network's founder Mark Zuckerberg has been transparent about his goal to monopolize digital news distribution. Publishers see Facebook as a frenemy. They rely on traffic from it, but are nervous about losing control on their audience to the social media giant. What does Facebook think of journalists though? Not much, if you were to believe this article which interviewed a bunch of news curators at Facebook. These are the people who come up with the 'Trending News' on the right side on your Facebook feed. Yes, this work is being done by humans! That may not be the case for long though. Several of the curators felt like they were being used to produce training data for algorithms which would eventually take over their jobs. - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The biggest myth spread by large food companies (and governments) is that lack of exercise is primarily responsible for the obesity problem. In fact, even saying that lack of exercise and bad food habits are equally responsible is far from the truth. There are three main components to energy expenditure: 1) basal metabolic rate, or the energy used for basic functioning when the body is at rest; 2) the energy used to break down food; and 3) the energy used in physical activity. We have no control on 1) or 2) and this is 70 to 90 percent of our energy expenditure. Only 10 to 30 percent is used for 3) physical activity, of which exercise is only a subset. So, any amount of exercise you do attacks a single digit percentage of your body's energy needs, which is why exercise without diet control is useless in losing weight. You cannot out-exercise a bad diet. Wait, it gets worse. The more you stress your body, there could be changes physiologically - compensatory mechanisms that change given the level of exercise you're pushing yourself at. In other words, our bodies may actively fight our efforts to lose weight. Before you give up that gym membership, note that exercise comes with many many benefits, including reduced blood pressure, lower triglycerides and reduced risk of type 2 diabetes, stroke, alzheimer's and dementia. - Comment

VRS for MTNL employees to turn around ailing telecom company

The Telecom Commission, highest decision making body of the telecom ministry, has approved a proposal to provide voluntary retirement scheme (VRS) to employees at MTNL.




Airlines not keen on Bathinda, Ludhiana operations as air traffic low and unprofitable : Ashok Gajapathi Raju

Raju, who was at the Golden Temple here, said that the government was trying its best to provide the necessary stimulus for airlines to begin their operations from such airports as well.




Xi Jinping taking over Chinese military has lessons for India

Where China has taken the issue of armed forces' reforms by the horns, India continues to be lackadaisical about it.





Indian Railways to plant 5 crore saplings on rail land before monsoon

The land where trees will be planted will remain with railways while the maintenance of trees will be a joint effort of railways, Environment Ministry and state governments.




Indiabulls Real Estate Fund plans to raise Rs 1,000 crore via its high yield fund

IREF had raised Rs 600 crore under its first alternative investment fund scheme and has deployed it completely during the same period over four transactions.




India, New Zealand ink deal for direct flights to boost tourism

"India is an emerging superpower, and its population of 1.25 billion people presents enormous opportunities for New Zealand," the minister said.




KSS plans 500 stores under brand 'Bjewelz'; eyes Rs 6000 crore sales

KSS Ltd has forayed into the jewellery retailing business under the franchise model and is looking to open 500 stores under brand 'Bjewelz' with a turnover of Rs 6,000 crore in three years.



Is Grofers's Kolkata operations headed for a shutdown?

Grofers' Kolkata operations headed for a shutdown? - Sources said Gurgaon-based e-grocer could go for more downsizing after closing shops in nine markets early this year.



Government defers FDI approval to AgustaWestland in Indian joint venture

Indian Rotorcraft, a joint venture of AgustaWestland and Tata Sons, had sought post-facto approval of the FIPB for increased FDI inflow of `19.64 crore




Bad loans-ridden Indian banking sector good opportunity to grow: DBS Bank

Bad loans-ridden Indian banking sector good opportunity to grow: DBS Bank - Capital constraints in various banks due to high bad assets provides DBS a competitive edge to grow in the Indian market, the Singaporean bank said.




Railways to tango with Talgo on Mum-Delhi route

Railways to tango with Talgo on Mum-Delhi route - The most striking detail about these trains is that unlike Indian trains, which have a bogie and wheel-set on both ends of the coach, these Talgo trains have just one wheel-set in the middle of the coach.




Massimo Dutti to open its first India store in Delhi next week

"The opening will mark the foray of the Spanish premium brand to the Indian market at the behest of Inditex, the Spanish retail group which owns the brand," it added.



Telecom companies to gain from billing tie-up with Google

Such tieups, they say, allow Google to further push its service business

Prescribez raises $145,000 from angel investor Ankush Mehta

The funds will be deployed for product development and marketing, besides expanding to Mumbai in the next six months




Telecom sector sees over $4 billion FDI in nearly two years

The total mobile subscriber base at the end of February has 98.2 crore GSM mobile users and 4.45 crore subscribers on CDMA Network.





Shareholding and control disclosures must for past three years: Sebi

Markets regulator Sebi today directed the acquirers to report compliance to shareholding and control norms for past three years.




Myntra blinks, will relaunch desktop site on 1 June

The move is indicative of how the mobile-only strategy, a first for any e-tailer, pushed by Myntra and its Bangalore-based parent company Flipkart did not yield desired results.




Flipkart to allow big brands like Samsung, Puma to create exclusive 'stores' on the digital marketplace

As a part of this initiative, Flipkart will create a self-service analytics platform called

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