Apr 18, 2016 - Bank loans not sole cause for farm distress, says SBI chief Arundhati Bhattacharya

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Sree Vijaykumar From the Editor's Desk Retirement is a Western invention from days gone by that's based on broken assumptions that we want - and can afford - to do nothing. Okinawa, Japan has one of the longest disability-free life expectancies in the world. A study by Dan Buettner and fellow researchers in National Geographic unearthed some reasons why. They eat off smaller plates, have social groups that are life-long and most importantly, have the concept of ikigai (pronounced "icky guy") which roughly translates to "the reason you wake up in the morning". It's the thing that drives you the most. Okinawans don't have a word for retirement - Comment Bank loans not sole cause for farm distress, says SBI chief Arundhati Bhattacharya “More capital needs to be brought in land, investment has to come in irrigation, cold chain, quality of seeds used,” she said. The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   India’s ahead among EMs in recognising bad loans: Paul Danis "In absolute terms, we dont expect much upside in Indian equities in the next 6-12 months because of our cautious stance on emerging markets." RBI's foreign reserves with overseas banks have more than tripled RBI governor Raghuram Rajan has long warned of volatility in global financial markets because of divergent monetary policies. Steady quarter for DCB Bank; but will investors buy? Increasing the timescale of its expansion will reduce impact of expansion on earnings, but whether this will bring back investors’ confidence is a moot question Sebi begins audit of NSEL brokers The audit will also check whether there was mis-selling of NSEL products with promise of assured returns Should bank defaulters’ list be made public? Tarring all defaulters and bankers with the same brush will choke the flow of funds to business, scare bankers and kill entrepreneurship Jugnoo raises $10 million in funding round led by Paytm Apart from Paytm, existing Jugnoo investor Snow Leopard and new investor Rocketship.vc also participated IndiaFirst Life eyeing 30 per cent growth in retail business The target is lower than 38 per cent growth achieved by the 3-way joint venture between Bank of Baroda, Andhra Bank and UK's Legal and General. China seeks India's cooperation in various multilateral forums China has sought India's cooperation in various multilateral forums as part of its economic revival agenda. Oriental Bank of Commerce to raise Rs 178 crore by issuing shares to LIC The decision to issue over 2 crore shares to LIC was taken at the bank's extra-ordinary general meeting held on March 29, it said in a filing. SunEdison said to plan bankruptcy filing as soon as Sunday SunEdison is in talks with creditors to determine which businesses to keep and which to sell in bankruptcy, people familiar with the matter said Vijay Mallya’s business model could be at fault: Arun Jaitley Arun Jaitley says the airline sector as such is doing well in India with many carriers making good profits Next IMF chief should be from emerging economy: India India has told the IMF that the next managing director of the top global financial body should be from an emerging economy and not from Europe. Fino PayTech may start operations by year-end Fino is a financial solutions company engaged in domestic remittances, rural engaged in domestic remittances, rural lending and insurance. India, US stress need to cooperate on tackling offshore tax evasion Govt suspends Vijay Mallya’s diplomatic passport for 4 weeks on the request of the ED, which is probing money laundering allegations against him Sensex at 100,000! Don't make investment decisions based on fancy targets, say, technical experts Sensex has pulled back about 25% to the Feb 2016 lows and has now rallied about 10%. Is the correction over? Let us analyse from an Elliot Wave perspective. Flipkart has set its sights on becoming India's largest furniture retailer by year end Flipkart sets an ambitious target of 15-fold growth in this high-value category, which also promises to deliver healthy profits. Jabong launches 'Jabong Shopper Number 5' app; gives 100% cash-back to every 5th shopper - Every fifth shopper that shops using the mobile application will get 100% cash-back on a minimum purchase of Rs 500. Here's why Maharashtra wants to replicate Delhi's Mother Dairy model Authorities in Maharashtra are studying different models of retail stores including Safal outlets, Dubai's Gulf Food to set up such facilities for their farmers Burger King to add about 40 outlets in India this year As a part of its focus menu innovation, Burger King has brought in India recent global launch 'Angry Whopper' made of red buns and spices. Online or offline, which will win the game in the Indian retail landscape? Latest statistics reveal there are 14 million retail outlets in India, which implies a demographic distribution of an average of 1,000 shops for 11 users. Flipkart's logistics arm does business for rivals and is even looking beyond ecommerce When Sachin and Binny Bansal founded Flipkart in 2007, they often ended up jumping on their own vehicles in the initial months to make deliveries. Moet Hennessy's rollout in Nashik is an attempt to show that it is possible to make world-class wine in India India is the sixth country where Moet Hennessy has now set up a winery outside France. The launch — the first by an MNC in India — this month is a symbolic big step. With the ecommerce industry set to hit $100 billion by 2020, can logistics business be far behind? Existing logistics operators have failed to keep pace with the growth of an industry expected to cross $100 billion in size by 2020. 4G rides on falling prices of handsets Demand for 4G - the high-speed data service on mobiles - is poised to take a big leap with prices of handsets falling below Rs 4,000 and operators arming themselves with requisite spectrum for the service. Research team lead by Indian engineer build technology to double WiFi speed Research team lead by Indian engineer build technology to double WiFi speed - The team's find can greatly imrpove WiFi speeds on small devices like smartphones and tablets. Airtel shows the way for 4G in India? Airtel's recent deals with existing players Videocon and Aircel will bring it's 4G spectrum in all circles across India. This is good for Airtel and to fast track growth of data services. It is also a clear fallout of the recent reform in spectrum rules that now allow spectrum trading between operators. Vodafone India kickstarts IPO process: Sources The country's second largest telecommunications firm Vodafone India has started the process to list its shares on the bourses... The telecom man If the phone is ubiquitous in India today, it is largely due to the amazing journey of one man — Satyanarayan (abbreviated to ‘Sam’ by an HR clerk who couldn’t get her tongue around the name) Pitroda Telecom Minister Prasad promises more policy guidelines to boost electronic manufacturing in India To boost electronic manufacturing in the country, the government will come out with more policy guidelines if required, Telecom Minister Ravi Shankar Prasad said on Thursday. Warning to telecom operators over call drops The district administration has asked telecom operators, including Bharat Sanchar Nigam Limited, to improve the quality of services being offered by them. CCTV to mobile: Gaonwaale sab dekh rahe hain A small hamlet in Anand district will take a big digital leap this Sunday. Jugnoo raises another $5 million in series-B round from Paytm The Chandigarh-based startup has raised $10 million in this round from investors including Snow leopard, an existing investor, and VC firm Rocketship.vc. After Zomato, Snapdeal, Grofers, more startups brace for second round of layoffs Employee costs at Indias leading startups account for about 35% of their overall cash-burn rates, according to industry analysts. FDI inflows up 37% to $39.32 billion in 2015; Computer hardware and software sector attracts the highest FDI The foreign investment inflows stood at USD 28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion (DIPP). ex-Micromax Chairman plans to file a claim of Rs 600-700 crore against the smartphone maker This will likely be submitted to a 3-member tribunal headed by former SC judge BP Singh as Kapoor seeks to press his claim to stock options in Indias No. 2 handset maker. TCS slapped with nearly $1 billion penalty by US court : May impact entire Indian IT sector At the end of the third-quarter, life sciences and healthcare accounted for 7.3% of TCS revenue and was the fastest-growing sector for the company. Infosys co-founder launches app tracing India's IT history On Sunday, Gopalakrishnan launched a new smartphone app called Itihaasa that aims to extensively narrate the history of Indias IT revolution over the past six decades. Nextra Tele plans to raise Rs 200 crore to expand footprint The company has applied for pan-India internet licence to upgrade the current permit, but is yet to receive the final approval from the Department of Telecom. 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