Trending: Apr 30- May 07 : AIIB, ADB to finance $300 million highway project in Pakistan - Livemint

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AIIB, ADB to finance $300 million highway project in Pakistan
AIIB, ADB to finance $300 million highway project in Pakistan - Livemint
Asian Development Bank (ADB) President Takehiko Nakao today said strong GDP expansion in some of the countries, including India, is expected to push up Asia's economic growth rate to 5.7 per cent in 2016.


Prescribez raises $145,000 from angel investor Ankush Mehta
Prescribez raises $145,000 from angel investor Ankush Mehta - Livemint
The funds will be deployed for product development and marketing, besides expanding to Mumbai in the next six months




Aviva completes acquisition of additional 23% in India JV
Aviva completes acquisition of additional 23% in India JV - Economic Times
In 2015, Aviva India contributed 36 million pounds (GBP) to Aviva's IFRS net assets and 4 million pounds (GBP) to Aviva's profits, the company said.


Kstart invests $500,000 each in three start-ups
Kstart invests $500,000 each in three start-ups - Livemint
Kstart, a start-up accelerator run by venture capital firm Kalaari Capital, invests in Active.ai, Affordplan, and Indee


Standard Chartered said to probe banker expenses, personal loans
Standard Chartered said to probe banker expenses, personal loans - Livemint
Standard Chartered is conducting a probe into its bankers


RBI working on regulations to curb frauds in e-transactions, says Finance Ministry
RBI working on regulations to curb frauds in e-transactions, says Finance Ministry - The Indian Express
He said the Banking Codes and Standards Board of India (BCSBI) had in 2014 come out with a recommendation of limiting the customer liabilities in case of frauds taking place through electronic channels.


Top 50 defaulters of PSBs had exposure of Rs1.21 trillion
Top 50 defaulters of PSBs had exposure of Rs1.21 trillion - Livemint
Jayant Sinha says the number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015


NPS may raise equity exposure to 75%
NPS may raise equity exposure to 75% - Livemint
PFRDA has proposed to up equity exposure of NPS and harmonise government and private investments in it



Kotak Mahindra surpasses ICICI in market valuation
Kotak Mahindra surpasses ICICI in market valuation - Economic Times
At close of trade today, Kotak Mahindra's market capitalisation stood at Rs 1,29,963.14 crore, which is about Rs 1,244.92 crore more than ICICI's m-cap of Rs 1,28,718.22 crore.


Lok Sabha passes Bankruptcy code; Will this change life for Indian banks?
Lok Sabha passes Bankruptcy code; Will this change life for Indian banks? - Firstpost
The Lok sabha, on Thursday, passed the Bankruptcy Bill, which promises banks, which promises to enable banks faster winding up of troubled companies and recover money before the value of the underlying assets get eroded fully.


Financial inequality highest in India and China, says IMF
Financial inequality highest in India and China, says IMF - Hindustan Times
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.



Sebi asks a firm to refund investors' money in CIS case
Sebi asks a firm to refund investors' money in CIS case - Economic Times
lamping down on unauthorised CIS, Sebi has ordered Garima Real Estate and Allied Ltd to refund the money raised from such schemes to the investors within three months.


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


Lenders to revalue Kingfisher House, hope to sell it shortly
Lenders to revalue Kingfisher House, hope to sell it shortly - Livemint
Having failed once to sell the Kingfisher House for recovering their loans, banks have begun a fresh valuation process


India eyes cleanup of bad debt mountain as wary state banks hesitate
India eyes cleanup of bad debt mountain as wary state banks hesitate - Economic Times
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors.


There are just 18359 (taxpaying) crorepatis in India
There are just 18359 (taxpaying) crorepatis in India - The Indian Express
Consumption and spending data for the year, especially of luxury products, shows how deceptive these numbers may be and blows holes in the government

Is the economy really growing? Five things that can derail India's growth
Is the economy really growing? Five things that can derail India's growth - Economic Times
From 7.4 per cent to 7.75 per cent, Indias GDP growth is likely to be flat this financial year, said Suvodeep Rakshit, Economist at Kotak Institutional Equities.


Six bankers to earn Rs 300 crore in fees for Rs 17000 crore Vodafone India IPO
Six bankers to earn Rs 300 crore in fees for Rs 17000 crore Vodafone India IPO - Economic Times
According to sources the fee structures parallels those of deals on Viom Networks that explored several options of public listings before being bought out by American Tower.


Sebi eyes ways to cut risks from high frequency trading
Sebi eyes ways to cut risks from high frequency trading - Livemint
Markets regulator Securities and Exchange Board of India says some checks and balances are already in place but final solution is yet to be arrived at


DFJ's three-year old quest ends, sells nearly entire India portfolio to NewQuest Capital Partners
DFJ's three-year old quest ends, sells nearly entire India portfolio to NewQuest Capital Partners - Economic Times
Experts said such secondary sales are bound to increase as venture capital and private equity firms approaching ends of their typical 7-10-year investment cycles scramble to sell holdings.


Banks Board Bureau: Old wine in a new bottle?
Banks Board Bureau: Old wine in a new bottle? - Livemint
The problem of bad loans, raising capital, and an overhaul of the banking sector cannot be done by merely asking the bureau to select bankers for top jobs


Ujjivan to open 100 branches to meet small bank licence norms: Samit Ghosh
Ujjivan to open 100 branches to meet small bank licence norms: Samit Ghosh - Livemint
Another requirement which Ujjivan Financial Services has to fulfil is to bring down the foreign holding to 49% or lower


SBI may be told to merge five associate banks
SBI may be told to merge five associate banks - Economic Times
The government will nudge SBI to merge 5 associate banks into one entity which will create a suitable environment for consolidation among other public sector banks.


PAC asks Raghuram Rajan to explain 'real causes' of bad-loan menace
PAC asks Raghuram Rajan to explain 'real causes' of bad-loan menace - Economic Times
This was despite the constraints under which the entire banking sector operates being the same, except for the Priority Sector Lending (PSL) requirements.


ICICI Bank top-brass foregoes performance bonus
ICICI Bank top-brass foregoes performance bonus - Economic Times
Kochhar herself was paid 'performance bonus' of over Rs 1.6 crore for the fiscal 2014-15, as per the bank's annual report for that year.


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
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

BSE, NSE fail to get nod for commodity trading platforms
BSE, NSE fail to get nod for commodity trading platforms - Livemint
The Securities and Exchange Board of India or Sebi is creating a level playing field by restricting the entry of established players, says an expert


Vijay Mallya loan case: Banks should focus on recovering dues, says Uday Kotak
Vijay Mallya loan case: Banks should focus on recovering dues, says Uday Kotak - Economic Times
Mallya promoted companies, including the now defunct Kingfisher Airlines owe over Rs 9,000 crores to a consortium of 17 banks led by the SBI.


Is Raghuram Rajan right or the GDP numbers wrong?
Is Raghuram Rajan right or the GDP numbers wrong? - Livemint
The chart shows that asset quality has worsened continuously even as growth has picked up


Income from sale of unlisted equities to be treated as capital gains: CBDT
Income from sale of unlisted equities to be treated as capital gains: CBDT - Economic Times
The Narendra Modi led NDA government that promised predictability and certainty in the tax policy has already given out a clarification with regard to sale of listed shares.


How much does your mutual fund manager earn?
How much does your mutual fund manager earn? - Livemint
Analysis shows some funds let only investors access data, others warn them against sharing the information



Government defers FDI approval to AgustaWestland in Indian joint venture
Government defers FDI approval to AgustaWestland in Indian joint venture - Livemint
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 - Daily News Analysis
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.


IDBI NPAs may go to a stressed asset fund
IDBI NPAs may go to a stressed asset fund - Economic Times
For the past few months the finance ministry has been working on the plan to reduce its stake in IDBI Bank to under 50% in what is seen as a test case for other state-run lenders.



ICICI Bank to auction Dunlop property in Mumbai
ICICI Bank to auction Dunlop property in Mumbai - Economic Times
The landmark property is set to go under the hammer this month as the lender has set May 16 as the deadline for receiving bids.


Income from transfer of unlisted shares will be counted as capital gains
Income from transfer of unlisted shares will be counted as capital gains - Livemint
The tax department is looking to reduce litigation and bring in a uniform approach to classification of income


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

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