May 5, 2016 - Finance Ministry sizes down MEA budget, setback for India's image abroad

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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 Finance Ministry sizes down MEA budget, setback for India's image abroad Finance Ministry sizes down MEA budget, setback for India's image abroad - Tiff between ministry of finance (MoF) and ministry of external affairs (MEA) hitting India's credibility. Property Listing: Goyal Orchid Whitefield, Bangalore 1/2/3 BHK apartments, starting from Rs 35 Lacs.   Property Listing: Godrej Infinity, Keshav Nagar, Pune Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs.   India eyes cleanup of bad debt mountain as wary state banks hesitate 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. Sebi asks clearing corporations to invest in FDs, debt MFs The investments need to be broadly in fixed deposits, central government securities and liquid schemes of debt mutual funds. Motilal Oswal to Infuse Rs 200 crore into step-down arm Aspire AHFCL is a subsidiary of Motilal Oswal Securities, which is a part of Motilal Oswal Financial Services. MOFSL had cash of Rs 286.7 crore on books as of March 31. IndusInd Bank hopes to make more profit in rural India “We believe that sustainable rural growth is around the corner, and its not just agriculture. It will be outside that. Therefore, I call it the new frontier," CEO Romesh Sobti said. The pulse of India's agrarian economy Pulses use less water per unit crop and also address hidden hunger Govt may offer bluechip PSU shares to FIIs, domestic buyers Disinvestment in the recent past, including of NHPC, NTPC and Indian Oil Corporation, saw a tepid retail investor response Kishore Biyani plans to hive off home furnishings business HomeTown may be spun off from Future Retail to create a new firm by combining it with FabFurnish.com Lenders to revalue Kingfisher House, hope to sell it shortly Having failed once to sell the Kingfisher House for recovering their loans, banks have begun a fresh valuation process Amul to invest Rs2,500 crore to raise milk processing capacity Gujarat Cooperative Milk Marketing Federation is looking to raise the capacity by 2020 JSW Energy has cut a good deal with Jindal Steel JSW Energy has agreed to acquire a 1,000MW thermal power plant from Jindal Steel and Power for Rs4,000 crore. To set up a project of similar size will cost Rs6.5 crore per MW Lenovo plans to invest $500 million in tech-startup fund The fund Lenovo Capital, funded and managed by Lenovo Group, is looking to invest in sectors including artificial intelligence, robot and cloud computing Sebi asks a firm to refund investors' money in CIS case 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. Nykaa to raise Rs 80 cr via private equity and HNI for expansion Nykaa, an e commerce startup into skincare and beauty products, plans to open five stores in 2016 and 30 stores across India by 2020.A startup venture by Falguni Nayyar, former Managing Director of Kotak Investment Bank, Nykaa plans to roll out 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. 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. IREDA to convert to Green Bank, says chairman and managing director K S Popli Popli said IREDA might be converted to a Green Bank without any altercation in its basic structure to enable it access to funds from foreign banks. Lenskart raises Rs400 crore from Ratan Tata, IFC, others IFC invests Rs171 crore as the lead investor in Lenskart’s latest round of funding Is the economy really growing? Five things that can derail India's From 7.4 per cent to 7.75 per cent, India’s GDP growth is likely to be flat this financial year. KKR, Goldman set for $250 million pullout from TVS Logistics The two American investors have mandated JM Financial to sell their 44% stake in the Chennai-based logistics company in a deal estimated at $250 million. Is RBI’s cash pump finally infusing confidence in banks? ICICI Bank has reduced interest rates on bulk deposits by 15-25 basis points across maturities, with effect from Tuesday 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. Apple's plan to sell used iPhones in India rejected: Here's why it is a big deal Why was Apple pretending to not be interested in selling its refurbished smartphones in India, when it had recently tried to set up a factory to rebuild and sell its refurbished iPhones coming from China? Turns out there are multiple reasons for this. Kishore Biyani's Future Group may merge HomeTown with FabFurnish HomeTown will be the biggest vendor on FabFurnish, which Future Group bought last month for about Rs 20 crore from German incubator Rocket Internet. Lenskart raises Rs 400 crore Series D funding from IFC, Ratan Tata Total funding of online eyewear firm now stands at ₹640 cr 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. Centre to buy 15000 tonnes onion to control prices Took a few days ago decision empowering states to impose stock limits on sugar to check hoarding 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. LeEco wants to open retail stores in India, eyes FIPB approval in 2-3 months Chinese electronics firm LeEco is hopeful of getting FIPB approval in two-three months to launch its own stores in the country, a top official said. Telecom companies to gain from billing tie-up with Google Such tieups, they say, allow Google to further push its service business— Play Store—besides providing a means for developers to monetise their apps and services. 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. India might have done Apple a favor by blocking its sales of refurbished phones Apple's request to sell imported refurbished phones in India has been rejected by the country's government - and that might be good for the company. 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. Call drops: Telecom companies under heavy debt? The telecom industry is incurring heavy investment in terms of spectrum and is facing debt to meet its costs, telcos tell SC Two more foreign MFs marks down the value of their holdings in Flipkart, signalling weakening investor sentiment towards new economy firms Two more foreign mutual funds have marked down the value of their holdings in India’s biggest ecommerce firm Flipkart, signalling weakening investor sentiment towards new economy firms. The slew of ma 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 ‘Brand Hub where cos can target specific customer pools based on products. Jewellery brand sparkles launches its E-commerce store; website offers informative, transparent and user-friendly shopping platform Mumbai, May 4 (ANI-NewsVoir): One of the leading jewellery brand in India, Sparkles has launched an e-commerce website www.sparklesindia.com. Sparkles, a unit of Poddar Diamond Ltd., is a manufacturer and retailer of diamond jewellery, and is present in more than 200 locations pan India. Flipkart aims to sell 2% of all two-wheelers in India by year-end; in advanced stages of talks with all major auto manufacturers The company says it is in advanced stages of talks with all major auto manufacturers to bring them onto its platform Walmart inaugurates its new technology Center Of Excellence in Bengaluru; to deliver engineering, product innovation and technology strategy Techstory Walmart inaugurates its new technology 'Center Of Excellence' in Bengaluru; to deliver engineering, product innovation and technology strategyTechstoryEstablished earlier this year, Walmart Technology combines Walmart's stores technology group with its e-commerce team @WalmartLabs to create a connected shopping experience for customers across stores or clubs, online or mobile. The group collaborates 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. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India