Mumbai: Presence of multiple regulators with disparate priorities is "hindering" the growth of the all important corporate bond market (CBM) in India, a senior RBI official said on Friday. The need for a robust bond market has increased, thanks to the stressed balance-sheets of banks, M Rajeshwar Rao, an executive director at the central bank, said. For long, the policymakers have been struggling to make corporate bonds a preferred fund-raising tool for India Inc but without much success. Despite announcing a slew of measures, the bond market lacks liquidity and is barely 17 percent of GDP, while in many developed economies it is much more than their GDPs. Rao pointed out that the RBI could easily develop the government securities market because it is the single regulator, and it also virtually developed platforms like the Clearing Corporation on which the papers are traded. "But in the corporate bonds space we have different regulators and we've newer institutional regulators also … [Read more...] about `Multiple regulators restricting corp bond market development’
Superdata virtual reality market
London (CNN Business)Priyanka Chopra and Nick Jonas have teamed up with Amazon Studios to produce a new reality show about Indian weddings. The celebrity power couple, who tied the knot last year in Christian and Hindu ceremonies, will work with couples as they prepare for a sangeet. The traditional ceremony involves friends and family participating in a song and dance extravaganza prior to a wedding. Chopra announced the project on Instagram, saying the ceremony "celebrates the love and magic that comes from friends and family that join together through music and dance the night before a wedding." "At our wedding, both of our families came together to perform a sangeet," the actress told her 47.1 million followers, describing it as "one of the most unforgettable moments from a very special time in our lives." View this post on Instagram One year ago today we said forever... well forever isn't nearly long enough. I love you with all of my heart @priyankachopra happy anniversary. … [Read more...] about Priyanka Chopra and Nick Jonas are producing a reality wedding series for Amazon
One is an automotive titan that has built more than 350m vehicles in an illustrious history spanning more than a century. The other is less than 15 years old and has never made a profit. And yet a 7% surge in the value of shares in electric car firm Tesla on Monday saw it zoom ahead of Ford Motor Company, in terms of its stock market value. As Wall Street closed for the day, Tesla, led by 45-year-old tycoon and futurist Elon Musk, was worth $49bn (£38bn), compared with a paltry $46bn for the empire built by Henry Ford. This astonishing overtaking manoeuvre says as much about the nature of stock markets as it does about these two very different carmakers. The old cliche among stock market investors is that you should “buy on the rumour, sell on the fact” – the idea that investment is more about what you expect to happen in the future than the current state of play. And Tesla, investors believe, is the standard-bearer of a battery-powered future – while Ford … [Read more...] about Tesla charges ahead to overtake Ford in market value
We're closing out a decade soon, which means thoughts are bound to drift to what the next ten years will have in store. What technologies await in the year 2030? Will we still be reading that VR is going to become relevant any day?According to a new report by Ericcson's consumer trends program, now in its ninth year, the year 2030 will be an absolute feast for your senses. The survey identifies some compelling consumer tech, and the trend is clear: The internet of the senses is on the the way ... gird your tastebuds and steel your delicate fingers.To derive its results, Ericcson gave an online survey residents in major cities like Bangkok, Delhi, Jakarta, Johannesburg, London, Mexico City, Moscow, New York, San Francisco, and others. The sample consists of at least 500 respondents from each city (12,590 respondents were contacted in total, out of whom 7,608 qualified), aged 15–69, who currently are either regular users of augmented reality (AR), virtual reality (VR) or virtual … [Read more...] about Welcome to 2030: Are you ready for the internet of the senses?
Facebook has added a set of Star Wars-themed features to Messenger to help fans of the franchise celebrate what looks like the last installment of the saga. ‘Star Wars: The Rise of Skywalker’ hits theatres next week. The update adds AR effects to video calls made using the Messenger app, and also video posted in the form of ‘Stories.’ These can be cross-posted to Facebook via Messenger, and will appear in the ‘Stories’ panel of the Facebook app. It can also be set as one’s Instagram Story; by downloading the video and re-posting on the Facebook-owned media-sharing app. "Jump into hyperspace and travel to a whole new world with the Lightspeed Effect. Then, you’ll be able to see yourself as part of the Resistance, gliding through the galaxies in Poe Dameron’s X-Wing with the Cockpit Effect. And don’t forget about the battle of the Dark vs. Light side of the Force! Now, you can use the Dark vs. Light Effect to choose your … [Read more...] about May the force be with you: Facebook Messenger adds ‘Star Wars’-themed AR effects, themes & emojis