Jan 5, 2016 - Foreign investors lap up fresh stock of government bonds

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Sree Vijaykumar From the Editor's Desk In a classic case of 'God complex', Paul Graham seems to have stepped beyond his area of expertise with his latest essay, incurring the wrath of many - Paul Graham is still asking to be eaten. He claims that he is a manufacturer of economic inequality, a statement that begs to be attacked. While his proficiency in helping produce successful startups through YCombinator is beyond doubt, the problem with his latest essay is his tunnel vision to think that Silicon Valley/he has the solution to the economic problems of the world. What makes Silicon Valley look good is the comparison with Wall Street, where greed and fear have destroyed wealth for many, while a few have run away with millions. In the larger scheme of things, Silicon Valley only embodies a better form of capitalism where consumers generally gain, but the primary driver is still investors demanding a high return on investment. It does nothing in important areas where markets themselves fail (fundamental innovation in sciences/research, healthcare, etc). Capitalism itself is far from perfect and governments around the world (including the US) keep trying to plug its weaknesses through various forms of incentives, penalties and wealth transfers. The economic inequality problem is not something Silicon Valley can solve by itself - Comment Foreign investors lap up fresh stock of government bonds Bids worth double the amount on offer were put in by FPIs willing to pay a premium as high as 82 basis points Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Can your idea really become a business? The big question now is—how do we ensure more than 5% of start-ups succeed? Paytm acquires Shifu for $8 million Paytm will be able to offer a highly intuitive and personalized experience to users by integrating Shifu’s technology and behavioural modelling Raghuram Rajan among Asian central bank chiefs eyeing exit in 2016 Rajan’s term finishes this year and the former IMF chief economist hasn’t said if he will seek a reappointment or look further afield Vulture funds, including Oaktree, circle distressed assets in India The development comes even as banks and corporate houses try to pare debt with offers of equity and asset sales Grasim Industries mergers with Aditya Birla Chemicals Grasim Industries mergers with Aditya Birla Chemicals - Post the merger, Grasim, the leader in chlor-alkali manufacturing in India, will see its installed capacity increase to 8,04,000 TPA from 4,53,000 TPA Will the plan to restructure IDBI Bank succeed? One of the hurdles to the transformation of IDBI Bank will be the large amount of stressed assets that IDBI Bank has on its books SBI, State Bank of Travancore sell Kohinoor arm's loans to Edelweiss ARC Edelweiss ARC, which acquired loans of Rs. 250 cr extended to Kohinoor CTNL, will now explore new options to fund co's project. IRB Infra bags Rs10,050 cr project to build country’s longest tunnel Project’s construction period is seven years and the concession period is 22 years 75% blue chips below 5-year PEs; large caps more attractively valued Large-caps have been at the receiving end in the last few months on account of FII selling, resulting in contracted valuations. The top 'Jedi Master' investors of Indian startups in 2015 YourStory presents the Top 10 investors of Indian startups in 2015 Sleeping with the enemy: big banks skirt confrontation to embrace fintech startups Financial technology startups are typically portrayed as small firms run by a bunch of young geeks in T-shirts and hoodies backed by venture capitalists to disrupt the financial services and banking Report on quantum of black money under examination: Finance Ministry Final reports of NIPFP, NCAER and NIFM were received on December 30, 2013, July 18, 2014 and August 21, 2014, respectively, the Ministry said. Quality retail space a hurdle for global chains Vacancy level for total 72.5 million sqft mall space is 19%, while for superior grade space of 30 million sqft, is just 10%. More consumers go online to buy luxury products Purchases range from booking private jets to ordering a Tarun Tahiliani as a gift. Foreign brands like Tommy, Lacoste, CK unite to take legal recourse to fight fakes Companies are increasingly taking legal recourse to stop the proliferation of counterfeit products being sold by unscrupulous vendors on various e-commerce sites. Lifestyle, Max owner Landmark Group launches e-commerce website in India landmarkshops.in, to help its omni-channel strategy According to a PwC report, by 2020, online retail in India is expected to account for 3% of total retail. Further, orders per million are expected to more than double from five million in 2013 to 12 million by 2016. Gorilla warfare: The impact of the shifting desi e-commerce landscape Flipkart, Snapdeal, Amazon and Paytm--are duking it out to become the regional leader in a field where the final outcome is far from certain. Is "Free Basics" The Right Strategy For Facebook? Since this limits internet access and provides an advantage to the sites which can be accessed for free, activists in India have been opposing this service stating that it is a threat to net neutrality. Apart from India, Facebook has partnered with telecom carriers to offer Acer unveils a thin, 4K convertible notebook Acer is using CES 2016 to unveil its new computing lineup, which includes Windows and Chrome OS computing products. In addition to laptops, tablets, convertibles India deserves better than Mark Zuckerberg's watered-down Internet Facebook's CEO doesn't understand the culture and value of Indians. Telecom operators, platforms should not control content Nasscom software body favors differential pricing only for public interest content with regulator's approval Impact of the Telecom sector in the year 2015 and the year ahead As Indian telecom transitioned from duopoly to multi-player competition and the worldwide mobile penetration increased, the tariffs kept declining and handsets became cheaper. TRAI reminds telecos to start compensating users for call drops TRAI has written to operators to ensure compliance with call drop regulations even as service providers remain defiant and say compensation to subscribers will be paid only after the court orders them to do so. Sweden can provide clean tech to India: Swedish Consul General With deteriorating air quality becoming an area of concern, Sweden said it is keen to provide clean technology solutions to the country. Airtel, Vodafone, Idea and Reliance Jio's 4G push to help advertising sector grow 15% in 2016 Online retailers have used radio extensively in their ad campaigns and have aggressively advertised on the medium to gain market, Jani notes. To go only app or not: e-commerce firms weigh benefits of sticking with a website-based model With more than 70 per cent of Internet users in India accessing the Web through their mobile phones, the debate over app-only versus website-based model in the e-commerce sector is not surprising. Wh Wipro pins hope for revival on TCS Exec Abidali Neemuchwala as the new CEO : Shuns radical re-org plan With Neemuchwalas elevation to the top job, Wipro in a way has opted not to go for a radically different change in its top echelons. 'Make in India' gets ambitious, flying cars, e-nose on wishlist India's technology think tank under the ministry of science & technology has come out with 'Technology Vision 2035' here at the ongoing Indian Science Congress, identifying the challenges ahead and how they can be dealt with through technological interventions while realizing the dream of a developed India by the year 2035. India's TCS joins auction for Dell's $5bn worth Perot Systems Perot generated about $2.6 billion in annual revenue when it was acquired by Dell in 2009, according to company reports. IT hardware vendors seek sops under ‘Make in India’ Bigger domestic firms such as Wipro and HCL have shut down their computer hardware manufacturing facilities in India. Microsoft's latest operating system Windows 10 see faster adoption : Running on 200 million devices Microsoft Corp's latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems. Airtel Zero, Facebook Free Basics violate net neutrality, says Nasscom IT industry body Nasscom today opposed Airtel Zero and Free Basics type platforms which it feels violate net neutrality principles by differentiating internet access for certain types of services. Will 'data singularity' technology be a $314 billion worth opportunity? If you have sent email on Google or used Microsoft's browser or databases, you have touched the technology handiwork of Adam Bosworth. Facebook CEO Mark Zuckerberg to build AI butler for help run home and assist in work His past new year challenges included reading two books every month, learning Mandarin language and meeting a new person every day. 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