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Friday, May 05, 2017

May 5, 2017 - Banking funds stand out with 42% returns in a year

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Sree Vijaykumar
Sree Vijaykumar
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Medical researchers at Temple University and the University of Pittsburgh have eliminated HIV in mice using CRISPR/Cas9 technology. The somewhat controversial technology allows researchers to splice individual DNA with the objective of preventing replication. Three mouse models were used, including one which was infected with the Human HIV virus. Human trials are still some time away, but this could be the beginning of a solution to a problem that has evaded scientists for decades now. CRISPR/Cas9 has potentially more powerful/dangerous uses. More here.

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Banking funds stand out with 42% returns in a year

India's largest lender by m-cap, HDFC Bank, has caught the fancy of fund managers.

Advt: Lending solutions for all your long-term business needs

No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More)
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Cheer over foreign inflows masks hot money concerns on D-St

Change in the profile of foreign investors who have come into India is significant.

HDFC: the king of mortgages is missing its royal edge

HDFC’s loan book growth has indeed slowed in the last two quarters, which are visible effects of demonetisation

Is the economic rebound from demonetisation running out of steam?

The Nikkei India Composite Purchasing Managers Index, a gauge of private sector economic activity in manufacturing and services, fell to 51.3 in April from 52.3 in March

Kaveri Seed’s valuations may be ignoring industry risks

Kaveri Seed’s strengths in the market are its distribution reach and product portfolio but aggressive competition can adversely affect realizations and profitability

Advisers call out investors’ biggest mistakes: survey

Here are six errors financial advisers flagged as the more common ones. Read to know which ones you fell for and which you cleared

Advice and dissent on India’s fiscal path

The NK Singh committee’s report carries a dissent note by the chief economic adviser pointing to absence of consistency between debt and deficit targets prescribed

RBI faces conflict of interest questions on powers after banking ordinance

Ordinance to Banking Regulation Act will allow RBI to intervene directly in bad loan cases at banks, a move some analysts see as a case of micromanagement

Chemplast Sanmar plans $300 million investment to turn around Egypt business

Sanmar Group deputy chairman Vijay Sankar says Chemplast Sanmar is investing $300 million in doubling PVC capacity in Egypt to 400,000 tonnes

Dodla Dairy raises $50 million from TPG Capital arm

TPG Capital’s growth-capital fund TPG Growth invested $50 million in Dodla Dairy through its Rise Fund but no information was available on stake acquired

Railways aims to earn Rs40,000 crore by monetising soft assets

Railway minister Suresh Prabhu says firmed up the non-fare revenue policy aiming to earn about Rs40,000 crore in the next 10 years

Coal India considering listing on London Stock Exchange

Coal India and London Stock Exchange (LSE) officials met in London in December to discuss the matter, but there is no guarantee a listing will happen

SBI says bad loan mess will be resolved in 3 years

Asias third-largest economy is being weighed down because the soured loans on banks balance sheets hinder credit growth and job creation.

SBI declines to share quantum of money in suspended accounts

Replying to an RTI query, SBI said it does not maintain such information "and extraction of the same will be voluminous and time taking activity".

Parag Milk Foods expands product range in beverage segment

Parag Milk Foods, which retails several dairy products including cheese, ghee, unveiled "Slurp" priced at Rs 20 for a 200ml pack.

Heritage Foods re-branded logo and products packaging

The company also plans to launch new products in the yogurt category through partnering with international brands.

Milind Soman backs natural health food start up Ontherun

He will also be the brand ambassador the company, according to a statement issued here.

Chai Point has applied to DIPP for a food-only retail venture

Mountain Trail is seeking “approval for undertaking retail trade of food products including tea and beverages, manufacture and/or produced in India ..

Telstra gets favourable competition ruling on mobile network

TELSTRA-REGULATOR/:Telstra gets favourable competition ruling on mobile network

Mukesh Ambani's Reliance Jio, government in talks to lease out dark fibre

'The price point at which optic fibre can be leased out slightly varies from state to state, which will though work out at a minimum of Rs 2,000 per k..

Centre notifies phased manufacturing plan for mobile phones

NEW DELHI: The Ministry of Electronics and IT has notified phased manufacturing programme to boost indigenous production of mobile phones by providing tax relief and other incentives on components and accessories used for the devices.

India's Call Drop Problem: No More Tricks, Telecom Minister Warns Operators

Telecom Minister Manoj Sinha today said his ministry is keeping a watchful eye on all factors of call drop measurement

Norway's Telenor raises 2017 margin forecast after India exit

Telecom operator Telenor posted revenue of NOK 30,458 million (–3 percent), EBITDA of 37.6 percent (+1 percent), profit of NOK 4,168 million, Capex of NOK 4.5 billion and Capex to sales ratio of 14.9 percent in the first quarter of 2017. Making investment in fibre network in Sweden and Norway was one of the focus …

Smartron Sachin Tendulkar Phone Launched, Starting Price Rs. 12999

The srt moniker, if you haven't guessed already, stands for Sachin Tendulkar in abbreviated form.

'4G roll-out here fastest in world'

Bullish on India, Apple CEO Tim Cook has said that the US tech giant was bolstering its presence in India's "underpenetrated" market to tap the huge growth opportunities.

Ramdev's Patanjali Ayurved wants to take on McDonald's, KFC in food retail

Ramdev says Patanjali Ayurved is working on ‘an extensive plan’ to start a restaurant chain.The firm will compete with McDonald, KFC in food retail business

Patanjali will double turnover in a year; we have broken MNCs' monopoly: Baba Ramdev

Ramdev said, "Global CEOs are sleeping peacefully that Patanjali's share market is small. But that is not true. We are leaders in many categories."

After Nirmala Sitharaman's 'quality' order, APEDA gets cracking on improving basmati rice

APEDA is making all efforts to ensure production of export-compliant basmati rice in the country, according to a senior official from the body.

Restaurant on Patanjali menu

“If they (Pakistan) behead one of ours, we should behead at least a hundred of theirs. But no innocent should be harmed,” Ramdev told ET.

Reckitt Benckiser board sees off protest over safety scandal

RECKITT-AGM/:Reckitt Benckiser board sees off protest over safety scandal

Varun Beverages sets up unit in Uttar Pradesh : PTI feed

Varun Beverages sets up unit in Uttar Pradesh

Parag Milk Foods expands product range in beverage segment

Parag Milk Foods, which retails several dairy products including cheese, ghee, unveiled "Slurp" priced at Rs 20 for a 200ml pack.

Parag Milk Foods enters mango drinks segment

Chennai, May 4 (IANS) Entering the lucrative mango drinks market with its 'Slurp' brand, dairy major Parag Milk Foods Ltd. will take the brand to the national level soon, a top company official said on Thursday.

What does 3D printing have in store for consumers?

3D printing is a revolutionary form of advanced manufacturing, where solid objects are ‘printed’ by specialised machines using digital designs as input.

Not just farm, sectors like dairy, poultry, FMCG also facing muted growth

Analysts and sectoral observers say the consecutive near-drought conditions in the two Telugu-speaking states are responsible for the subdued and muted growth in many sectors.

PepsiCo using regional language labelling to attract local consumers

​​The US cola and snacks maker is using Hindi, Punjabi, Marathi, Gujarati, Bengali, Tamil, Malayalam and Telugu on Pepsi bottles and cans.

Amazon gets new CEO for largest seller Cloudtail

Sources said Sahay's experience of working across categories for the American e-tailer prompted the move by Cloudtail's management to bring him on boa..

Amazon Expands Ecommerce Fulfillment Capacity in India

In line with the hyper growth of ecommerce activity there, Amazon is expanding its operations in India by adding seven new fulfillment centers.

The FedEx Competition is coming to India to help Small E-commerce Businesses Go Global

FedEx Express, the world's largest express transportation company, today announced the launch in India of the FedEx Small Business Grant Contest to help

90% of our features are direct result of customer feedback: Stephen Orban, AWS

Amazon, at large, is a customer-obsessed company. We are listening to what our customers want and the problems that they need to be solved, said Steph..

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