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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

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.

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

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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
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

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
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

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.

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

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.

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.

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.

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.

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.

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.

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.

CAIT alleges Flipkart violated e-Commerce FDI norms

Traders' body CAIT today filed a complaint with the Department of Industrial Policy & Promotion alleging violation of FDI norms for e-Commerce by Flipkart.

Lakshmi Vilas Bank may raise up to Rs 400 crore from institutional investors

"The bank will raise money through a qualified institutional placement, or a preferential route," said Managing Director Parthasarathi Mukherjee.

General Atlantic, Temasek in talks to buy stake in Aster DM Healthcare

Investors look to pick up 10-15% stake in Dubai-based Aster DM Healthcare, which is planning an initial public offering in early 2017

Indian Railways IRFC plans Rs 21,830 crore to be raised from the market

All infrastructure projects need money from the market and therefore, we are doing it

RBI proposes on-tap bank licences, bars conglomerates

The Reserve Bank of India has issued proposals for the relaxation of requirements for banking licences in the latest effort to boost a sector struggling with $100 billion of stressed debt that is choking the financial system and hitting economic growth.

Payment companies like CC Avenue and PayU money cash in as microentrepreneurs tie up with them

Thousands of microentrepreneurs or homemakers are tying up with firms such as CC Avenue to provide a simple interface for accepting payments.

Google, Idea Cellular formally launch carrier billing in India

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

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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