Trending: May 14- May 21 : Sebi readies dividend distribution policy for top 500 firms - Economic Times

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Sebi readies dividend distribution policy for top 500 firms The new regulatory framework will be applicable to the top 500 listed companies based on their market valuation initially and would be later expanded to others. Indian Railways planning to lay tracks at 7.7 kilometers per day, 4,800 km of broadgauge line comissioned V K Gupta, member engineering (ME) of Railway Board said that railways have adopted innovative techniques in the last two years which resulted in savings of hundreds of crores. RBS confirms exit of retail banking branches in India The bank added that it will support its customers and employees through the transition and ensure least possible disruptions. Sree Vijaykumar From the Editor's Desk This article is an eye-opener on extreme poverty in the US. There are over a million American families that earn less than $2 a day. They have little to no cash income and survive on food stamps, private charity and plasma sales (which leaves them physically debilitated). They are not on drugs or mentally challenged, just families where members have been left out of the capitalist success that many others enjoy. Many are uneducated and are at the back of the low-wage job queue, some jobs that render them unfit through physical hardship, creating a vicious cycle of sorts - Comment Exceptional income will be used for provisioning: PS Jayakumar, Bank of Baroda "When we re-evaluated the situation we felt that additional provisions were necessary. Analysts reports that have come subsequent to Q3 have talked of adjusted book value." Sree Vijaykumar From the Editor's Desk I had to read this news (related to student suicides in Kota) a couple of times to see if I was missing something - The IIT entrance examination is tough, and requires more than just proficiency with the Class XII syllabus. That prompts students to take up coaching classes, Irani explained. To address that, "for the first time, the government, in conjunction with the IIT Council, will ensure that the question papers (of JEE) conform to Standard XII syllabus". "If degree-level questions are asked, we cannot expect a school student to answer," the minister added. She said the present system was encouraging students of various school boards to go to places such as Kota "to get that knowledge". So, the minister believes making an entrance examination dumber (one of the few that actually works well) is the solution to student suicides! Wow! Sree Vijaykumar From the Editor's Desk Some students at Georgia Tech nominated Jill Watson as 'Outstanding Teaching Assistant' this spring, which was music to the ears of computer science professor, Ashok Goel. The students weren't aware, but Jill was an artificial intelligence bot. Now Goel is forming a business to bring the chatbot to the wider world of education. While he doesn't foresee the chatbot replacing teaching assistants or professors, he expects the chatbot's question-answering abilities to be an invaluable asset for massive online open courses, where students often drop out and generally don't receive the chance to engage with a human instructor. With more human-like interaction, Goel expects online learning could become more appealing to students and lead to better educational outcomes Sree Vijaykumar From the Editor's Desk India just doesn't seem to be in the mood to receive charity from Silicon Valley. First, it was the TRAI ruling against Facebook's Free Basics (beautifully covered in this Guardian piece). Then, Apple's proposal to sell refurbished phones in India was rejected by the government. We may be poor, but we have our pride. We are a market of the future (10 years behind China says Tim Cook), and we also have our human capital (especially engineering talent), which is an even more urgent reason for the chiefs of Microsoft and Google (both Indian origin) and now Apple to engage with India. Sree Vijaykumar From the Editor's Desk More data is often not the answer. You are already measuring what can be measured. How do you separate the signal from the noise (and there's a lot of noise)? The answer to that question might get you the real insights. More importantly, as Seth Godin says here, data does not get you different. Data gives you the lazy way to get what's next. Real long-term change means rising above the data. Bandhan Bank sold Rs 3,200 crore priority loans to bigger lenders The Kolkata-based lender said it gross advances was Rs 15,500 crore at the end of March while deposits was Rs 12,088 crore. As lure of foreign investment banks decline, banking executives move to India Jaspal Bindra gave up his job as Standard Chartereds Asia head to join Mumbai-based financial services firm Centrum as its executive chairman. Amid digital focus, HDFC Bank, Yes Bank and others may add 1,500 branches Four large private lenders may add about 1,500 branches between them, growing their physical presence by a tenth this fiscal. A lot of midcap companies have surprised on earnings growth: Big Bull Jhunjhunwala "Once Indian cos get volume, you will be surprised at the growth in earnings . Wherever there is volume growth, there is a disproportionate growth in profits." Transsion Holdings enters India with mobile brand itel Transsion Holdings Conglomerate, one the world’s largest smart feature phone manufacturer and a leading supplier of communication devices, has today announced its entry into the highly competitive Indian smartphone market with its mobile brand itel. The company will be rolling ... After Pakistan, Afghanistan shows no interest in PM Narendra Modi's satellite project Sources said Bangladesh too is not very keen on satellite project as it is set for launch of its own geostationary communications satellite Bang Bandhu-1. India Post goes high-tech, geo-tags post offices on Bhuvan Bhuvan, developed by Indian Space Research Organisation (ISRO), is providing visualisation services and earth observation data to users in public domain. CCI clears Sanlam's stake buy in Shriram Group's insurance firms Clearing the deal, CCI said "the proposed combination is not likely to have an appreciable adverse effect on competition in India". DBS Bank to set up offshore tech hub in Hyderabad It has created a wholly-owned subsidiary -- DBS Asia Hub 2 -- for this purpose and according to a filing with the exchanges, the initial and paid-up capital for the same stands at Rs 70.5 crore. No free ride for investing in India through quasi equity investments under India-Mauritius pact Those holding such instruments would do well to convert them into shares before April 1, 2017, to enjoy the exemption on capital gains tax. Anand Mahindra sees Narendra Modi sparking potential in India economy Anand Mahindra, chairman of Mahindra Group, says that India, long ‘pregnant with potential,’ may finally be able to capitalize on its economic opportunity GE Power India to grow 50% in 2016: Steve Bolze GE Power’s president and CEO Steve Bolze says India has become a real microcosm for everything going on in the global power sector Reliance Jio becomes fifth largest smartphone company Smartphone shipments grew 5% during the three months through March Sebi planning to tighten listing norms Sebi plans to attach bank accounts and properties of promoters who repeatedly flout listing and disclosure norms and fail to take corrective steps Gujarat govt brings out circular for voluntary donation of private land in tribal areas In return for a "no compensation" deal, the government will put up the donors name on a plaque on the donated property site. The notification was brou.. Haldiram's in talks with PEs to sell stake, may raise $200m In what may be one of the most anticipated investment deals in the Indian consumer market, snack-food manufacturer Haldiram’s has held initial talks with top-tier private equity funds for a possible $200 million or Rs 1,300 crore capital infusion, people familiar with the development said. Brands ride the social media wave during IPL 9 MUMBAI: Come a new Indian Premiere League season and every sponsor and brand associate is ready to go all guns blazing and make the best out of every penny they have invested in this magnum opus of a cricketing tournament. | Brands ride the social media wave during IPL 9 | Indian Television Dot Com Centre to start 100 generic medicine outlets in states Hindustan Times The central government will open 100 generic medicine stores in Maharashtra. The government will also give a subsidy of Rs2.5 lakh to those interested in setting up shop, Union minister for chemical and fertiliser Ananth Kumar declared on Monday. He ...sp; Time to think of policy on dealing with bank failures: Uday Kotak The comments from Uday Kotak come at a time when 20 new payments banks and small finance banks are on their way to enter the system. Amazon India's growth threatens to unsettle ecommerce firms like Flipkart and Snapdeal ET reported on April 28 that Amazon India was the only major online marketplace to register an increase in unit market share in March. TradeBriefs Publications are read by over 10,00,000 Industry Executives 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