Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
CITY<br />
HILIGHTS<br />
Vol 1, Issue <strong>202</strong> `.1.00/-<br />
Tuesday, <strong>July</strong> <strong>26</strong>, <strong>2016</strong><br />
www.ibcworldnews.com www.cityhilights.news<br />
English Daily 7<br />
BUSINESS<br />
CRUDE PALM OIL FUTURES UP<br />
0.77 PC ON SPOT DEMAND<br />
New Delhi: Crude palm<br />
oil prices moved up by 0.77<br />
per cent to Rs 497.30 per<br />
10 kg in futures market<br />
on Monday as speculators<br />
indulged in creating positions<br />
coupled with rising<br />
demand in spot market.<br />
At the Multi Commodity<br />
Exchange, crude palm oil<br />
for delivery in August rose<br />
Rs 3.80, or 0.77 per cent,<br />
to Rs 497.30 per 10 kg, in<br />
a business turnover of 323<br />
lots.<br />
Similarly, oil for delivery<br />
in <strong>July</strong> edged up by Rs 2.60,<br />
or 0.49 per cent, to Rs 524<br />
per 10 kg in 63 lots.<br />
Analysts said fresh positions<br />
built-up by speculators<br />
supported by rising<br />
demand in the spot market,<br />
mainly led to the rise<br />
in crude palm oil prices at<br />
futures trade.<br />
GUARSEED FUTURES SLIPS<br />
ON PROFIT BOOKING<br />
New Delhi: Guarseed<br />
prices were down by Rs 34<br />
to Rs 3,956 per quintal in<br />
futures trading on Monday<br />
on profit booking by speculators<br />
amid a weak trend at<br />
the spot markets.<br />
At the National Commodity<br />
and Derivative Exchange,<br />
guarseed for delivery<br />
in November month<br />
contract declined by Rs 34,<br />
or 0.85 per cent to Rs 3,956<br />
per quintal,<br />
with an open<br />
interest of<br />
10,580 lots.<br />
A l s o ,<br />
guarseed for<br />
delivery in<br />
far-month<br />
October<br />
dropped by<br />
Rs 27, or<br />
0.69 per cent<br />
to Rs 3,906 per quintal,<br />
having an open interest of<br />
1,03,200 lots.<br />
Marketmen said offlaoding<br />
of participants at<br />
existing levels amid a weak<br />
trend at the domestic spot<br />
markets on increased arrivals<br />
from growing regions,<br />
mainly weighed on guarseed<br />
prices at futures trade.<br />
GOVT TO PROVIDE BENEFITS TO SMALL<br />
TEA GROWERS: NIRMALA SITHARAMAN<br />
New Delhi: To encourage<br />
small tea growers<br />
and give them better<br />
price for their products,<br />
the government has proposed<br />
to amend a 2003<br />
order to define mini and<br />
micro factories and provide<br />
various benefits to<br />
them.<br />
Minister of State for<br />
Commerce Nirmala Sitharaman<br />
said in Lok Sabha that a<br />
proposal has been mooted to<br />
amend the Tea (Marketing)<br />
Control Order 2003 so as to<br />
define mini and micro factories<br />
and exempt them from<br />
obtaining no objection certificate<br />
for manufacturing tea.<br />
Listing out various benefits<br />
and assistance being<br />
provided to the small tea<br />
growers, Sitharaman said<br />
during Question Hour that in<br />
order to ensure better price<br />
to small tea growers, who<br />
supply tea leaves to factories,<br />
price sharing formulas have<br />
been notified for different tea<br />
growing states.<br />
Payment of green leaf to<br />
the growers is closely monitored<br />
by the district green<br />
leaf price monitoring committees,<br />
she said.<br />
The Tea Development<br />
and Promotion<br />
Scheme implemented<br />
by the Tea Board has a<br />
separate component for<br />
development of small<br />
tea growers.<br />
The scheme aims<br />
at addressing the special<br />
needs of small tea<br />
growers, particularly in<br />
the area of improving production<br />
and productivity and<br />
establishing processing factories<br />
with special focus on<br />
enhancing quality.<br />
Financial assistance of<br />
around Rs 55.56 crore has<br />
so far been extended to the<br />
small tea growers in the XII<br />
plan, she said.<br />
RBI ASKS BOB TO COUGH UP RS 5 CR AS PENALTY<br />
New Delhi: The Reserve<br />
Bank of India (RBI) has imposed<br />
a penalty of Rs 5 crore<br />
on Bank of Baroda (BoB) after<br />
it found irregularities in<br />
the Rs 6,100-crore scam that<br />
was unearthed last year.<br />
“The Reserve Bank of India<br />
has imposed a penalty<br />
of INR 50 million on Bank<br />
of Baroda. Pursuant to the<br />
internal audit of the Bank of<br />
Baroda, the Reserve Bank of<br />
India and investigative agencies<br />
in October 2015 were<br />
advised by the Bank of certain<br />
irregularities observed,”<br />
Bank of Baroda said in a BSE<br />
filing.<br />
It further said: “The RBI<br />
carried out the investigation<br />
and noted the deficiencies<br />
which were reflective of<br />
weaknesses and failures in<br />
internal control mechanisms<br />
in respect of certain AML<br />
provisions such as monitoring<br />
of transactions, timely reporting<br />
to FIU, and<br />
assigning of UCIC to<br />
customers”.<br />
Bank of Baroda<br />
said it has implemented<br />
a comprehensive<br />
corrective<br />
action plan, to<br />
strengthen internal controls<br />
and to ensure that such incidents<br />
do not recur.<br />
Various irregularities by<br />
bank such as non-submission<br />
and inordinate delays in<br />
filing of Suspicious Transaction<br />
Reports (STRs), besides<br />
opening of accounts by several<br />
entities without fulfilling<br />
KYC norms, were noticed by<br />
Reserve Bank of India.<br />
The observation came as<br />
part of inspection done by<br />
the central bank after last<br />
year’s Bank of Baroda case in<br />
which Rs 6,100-crore import<br />
remittances were effected by<br />
its Ashok Vihar branch.<br />
Both CBI and the Enforcement<br />
Directorate are probing<br />
the huge remittances to<br />
Hong Kong from the bank.<br />
The amount was allegedly<br />
transferred in the garb of<br />
payments for imports that<br />
never took place, investigators<br />
say.<br />
After the BoB case, RBI<br />
wrote a confidential letter<br />
to chairmen and chief executives<br />
of all commercial banks<br />
asking them to review existing<br />
policies and effect necessary<br />
improvements where<br />
warranted to avoid recurrence<br />
of such irregularities.<br />
Shares of Bank of Baroda<br />
were trading 1.92 per cent at<br />
Rs 153.80 apiece on the BSE.<br />
GLENMARK GETS FDA NOD<br />
FOR SKIN OINTMENT<br />
New Delhi: Glenmark<br />
Pharmaceuticals has received<br />
final approval from<br />
the US health regulator<br />
USFDA for triamcinolone<br />
acetonide ointment, used<br />
in treatment of various skin<br />
conditions.<br />
“Glenmark Pharmaceuticals<br />
Inc, USA has been granted<br />
final approval by the US<br />
Food and Drug Administration<br />
(USFDA) for triamcinolone<br />
acetonide ointment<br />
USP, 0.5 per cent,” it said in<br />
a BSE filing.<br />
RICOH INDIA <strong>CH</strong>AIRMAN<br />
TETSUYA TAKANO RESIGNS<br />
New Delhi: A week after<br />
admitting its accounts appear<br />
to have been “falsified”,<br />
Ricoh India on Monday said<br />
its Chairman and Director<br />
Tetsuya Takano has resigned<br />
from the company. The company<br />
has appointed Ian Peter<br />
Winham as its Director/<br />
Chairman with immediate<br />
effect.<br />
“Mr Tetsuya Takano has<br />
resigned as Director/Chairman<br />
of the company with<br />
effect from <strong>July</strong> 25, <strong>2016</strong>.<br />
The Board of Directors of the<br />
company has accepted his<br />
resignation with immediate<br />
effect,” Ricoh India said in a<br />
BSE filing.<br />
Winham joined the Ricoh<br />
Group in Europe, Middle East<br />
and Africa (EMEA) in 2002 as<br />
CFO and was appointed Executive<br />
Vice President, CIO and<br />
CFO of Ricoh Europe in 2007.<br />
In 2014, he took on a global<br />
role as head of Global Capital<br />
Management. In April <strong>2016</strong>,<br />
Approval has been granted<br />
for generic version of<br />
triamcinolone acetonide<br />
ointment USP, 0.5 per cent<br />
of Perrigo New York, Inc.<br />
This ointment is used to<br />
treat various skin conditions<br />
including eczema,<br />
dermatitis, allergies and<br />
rash.<br />
Quoting IMS sales data<br />
for the 12 months to May,<br />
Glenmark said Triamcinolone<br />
Acetonide Ointment<br />
achieved annual sales of`<br />
around USD 4.4 million.<br />
The company’s current<br />
portfolio consists of 116<br />
he was appointed Corporate<br />
Vice President of Ricoh Company,<br />
Ltd.<br />
Winham has worked extensively<br />
in India over the last<br />
six years, the company said.<br />
Last week, Ricoh India<br />
said its accounts appear to<br />
be have been “falsified” and<br />
estimated to incur a loss of Rs<br />
1,123 crore for the fiscal ended<br />
March 31, <strong>2016</strong>.<br />
It had said the disclosure<br />
follows an internal investigation<br />
it had been carrying out<br />
to ascertain its financial position<br />
and probable roles of few<br />
officials of the company.<br />
In April, the company’s<br />
India’s MD and CEO Manoj<br />
Kumar had resigned from the<br />
products authorised for distribution<br />
in the US and 61<br />
Abbreviated New Drug Application<br />
(ANDA) pending<br />
approval with the USFDA.<br />
Shares of Glenmark<br />
Pharmaceuticals were trading<br />
0.38 per cent up at Rs<br />
868.35 in the morning trade<br />
on BSE.<br />
board after being asked to go<br />
on leave amid an audit in the<br />
company by a committee.<br />
However, Ricoh Company<br />
Ltd, a promoter entity of the<br />
Indian subsidiary of Japanese<br />
imaging and electronics<br />
major, has proposed to<br />
recapitalise the company for<br />
the loss.<br />
The disclosure by the Indian<br />
unit also prompted the<br />
promoter to approach National<br />
Company Law Tribunal<br />
(NCLT) against the BSE-listed<br />
firm and its certain officials<br />
suspected to have indulged<br />
in “mismanagement”.<br />
In its petition, the promoter<br />
sought to restrain the<br />
statutory authorities from<br />
taking any coercing measures<br />
against Ricoh India Ltd<br />
and restore its share trading,<br />
which has been suspended<br />
for penal reasons even as a<br />
probe is already on by various<br />
agencies and regulators<br />
including Sebi into its affairs.<br />
SCIENCE & TE<strong>CH</strong><br />
NOW, ROBOT THERAPIST TO HELP<br />
RELIEVE MUSCLE STRAINS<br />
‘POKEMON GO’ PLAYERS<br />
STUMBLE ON HIDDEN HISTORY<br />
MARS ROVER CURIOSITY CAN<br />
NOW FIRE LASER ON ITS OWN<br />
Singapore:Suffering<br />
from back pain? A robotic<br />
massage therapist developed<br />
by a Singapore-based<br />
startup may help relieve<br />
muscle strains and injuries.<br />
Emma, or Short for Expert<br />
Manipulative Massage<br />
Automation, a robotic arm<br />
with a 3D-printed massage<br />
tip, can resolve some of the<br />
challenges faced by sports<br />
therapy clinics, such as a<br />
shortage of trained therapists<br />
and a need to deliver<br />
high quality therapy consistently.<br />
Developed by AiTreat, a<br />
start-up company founded<br />
by Nanyang Technological<br />
University (NTU Singapore)<br />
graduate Albert<br />
Zhang, Emma is undergoing<br />
user trials at a medical<br />
institution that offers<br />
sports injury rehabilitation<br />
and pain management.<br />
“We have designed<br />
Emma as a clinically precise<br />
tool that can automatically<br />
carry out treatment<br />
for patients as prescribed<br />
by a physiotherapist or<br />
Chinese physician,” said<br />
Zhang, who graduated in<br />
2010 from NTU.<br />
“This is probably the<br />
first such robot in the<br />
world developed specifically<br />
for use by Traditional<br />
Chinese Medicine (TCM)<br />
physicians and sports therapists,”<br />
said Zhang.<br />
“Our aim is not to replace<br />
the therapists who<br />
are skilled in sports massage<br />
and acupoint therapy,<br />
but to improve productivity<br />
by enabling one therapist<br />
to treat multiple patients<br />
with the help of our<br />
robots,” he said.<br />
Emma has a user-friendly<br />
interface and recommended<br />
guidelines for various<br />
sports injuries.<br />
The robot consists of a<br />
single, 6-axis robotic arm<br />
capable of highly articulated<br />
movements, a 3D-stereoscopic<br />
camera for vision,<br />
and a customised,<br />
fully rotatable 3D-printed<br />
massage tip.<br />
Safety features which<br />
work in tandem with advanced<br />
pressure sensors<br />
are also in-built, to ensure<br />
the comfort and the safety<br />
of its patients. Emma has<br />
treated 50 patients with<br />
different conditions, such<br />
as tennis elbows, stiff neck<br />
and shoulders, lower back<br />
pain, as well as muscle<br />
pulls.<br />
To ensure a consistent<br />
quality of therapy, Emma<br />
has sensors and diagnostic<br />
functions that will measure<br />
the progress of the<br />
patient and the exact stiffness<br />
of a particular muscle<br />
or tendon. These detailed<br />
diagnostics are uploaded<br />
to the cloud where the<br />
progress of each patient<br />
can be analysed and generated<br />
into a performance<br />
report.<br />
For the first time in TCM<br />
treatment, patients can<br />
accurately measure their<br />
recovery progress using<br />
precise empirical data.<br />
Providence: Historical<br />
markers have long dotted<br />
the landscape, often<br />
barely noticed by passers-by<br />
until they became<br />
treasure-filled stops this<br />
month on the “Pokemon<br />
Go” trail.<br />
Players hunting for<br />
fictional creatures on<br />
their smartphones are<br />
now visiting real-life<br />
memorial plaques, statues,<br />
mosaics and landmarks,<br />
ranging from a<br />
Civil War battlefield in<br />
Chancellorsville, Virginia,<br />
to a Hells Angels clubhouse<br />
on New Zealand’s<br />
North Island.<br />
Some don’t bother<br />
to linger at these<br />
Pokestops, staying just<br />
long enough to stock<br />
up on the virtual balls<br />
they’ll use to bonk<br />
and capture the next<br />
Pokemon.<br />
But for others, the<br />
GPS-powered “augmented<br />
reality” game is<br />
heightening awareness<br />
of the history and geography<br />
of their neighbourhoods.<br />
“Before I was just going<br />
from Point A to Point<br />
B, but now I’m learning<br />
things,” said 15-year-old<br />
Jaiden Cruz as he walked<br />
by a plaque Wednesday<br />
in downtown Providence,<br />
Rhode Island,<br />
marking where Abraham<br />
Lincoln spoke at an old<br />
railroad hall in 1860.<br />
The plaque is a<br />
Pokestop, and shortly<br />
before Cruz arrived, another<br />
player dropped a<br />
“lure module” that attracts<br />
Pokemon to the<br />
site.<br />
The 380-year-old city<br />
abounds with Pokestops,<br />
including the nation’s<br />
oldest Baptist church,<br />
founded by religious dissident<br />
Roger Williams in<br />
1638, and a stone marking<br />
where French troops<br />
camped during the Revolutionary<br />
War.<br />
“It gets you to learn<br />
about your surroundings,”<br />
said 59-year-old<br />
Cheryl DiMarzio, who<br />
on the advice of her<br />
daughter ventured into<br />
an urban park to capture<br />
an owl-like Pidgey and<br />
some purple rodent Rattatas.<br />
“Different landmarks,<br />
the statues and<br />
historical places.”<br />
How such markers<br />
became the backbone of<br />
the wildly popular video<br />
game that launched this<br />
month is a story that goes<br />
back at least five years,<br />
when tech giant Google<br />
signed a licensing agreement<br />
to use The Historical<br />
Marker Database, a<br />
volunteer-run website<br />
that has tracked the geographic<br />
coordinates of<br />
more than 80,000 historical<br />
markers around<br />
the world, most of them<br />
in the United States.<br />
JJ Prats, founder and<br />
publisher of the Virginia-based<br />
marker database,<br />
said many but not<br />
all the Pokestops and<br />
Pokemon gyms, where<br />
players send their creatures<br />
into battle, are<br />
from his website. He’s<br />
thrilled.<br />
Washington: For the first<br />
time, NASA’s Mars Curiosity<br />
rover can fire its onboard<br />
laser all by itself, mission<br />
scientists say.<br />
New software is enabling<br />
Chem Cam, the laser<br />
spectrometer on Curiosity,<br />
to select rock targets autonomously<br />
the first time<br />
autonomous target selection<br />
is available for an instrument<br />
of this kind on<br />
any robotic planetary mission.<br />
The Chem Cam (chemistry<br />
and camera) instrument<br />
aboard Curiosity<br />
“zaps” rocks on Mars and<br />
analyses their chemical<br />
make-up. While most Chem<br />
Cam targets are still selected<br />
by scientists, the rover<br />
itself now chooses multiple<br />
targets per week.<br />
“This new capability will<br />
give us a chance to analyse<br />
even more rock and<br />
soil samples on Mars,” said<br />
Roger Wiens, principal investigator<br />
for ChemCam at<br />
Los Alamos National Laboratory<br />
in the US.<br />
“The science team is not<br />
always available to pick<br />
samples for analysis. Having<br />
a smarter rover that<br />
can pick its own samples<br />
is completely in line with<br />
self-driving cars and other<br />
smart technologies being<br />
implemented on Earth,”<br />
said Wiens.<br />
To select a target autonomously,<br />
the software uses<br />
adjustable criteria specified<br />
by scientists, such as<br />
identifying rocks based on<br />
their size or brightness.The<br />
criteria can be changed depending<br />
on the rover’s surroundings<br />
and the scientific<br />
goals of the measurements.<br />
ChemCam’s spectrometers<br />
record the wavelengths<br />
seen through a telescope<br />
while the laser is firing.<br />
This information enables<br />
scientists to identify chemical<br />
composition of the<br />
targets.Through the same<br />
telescope, the instrument<br />
on the rover’s mast takes<br />
images that are of the highest<br />
resolution available.<br />
In nearly four years since<br />
landing on Mars, ChemCam<br />
has analysed roughly 1,500<br />
rock and soil samples with<br />
more than 350,000 total<br />
laser shots at about 10,000<br />
points in all.The autonomous<br />
software is called<br />
AEGIS (Autonomous Exploration<br />
for Gathering Increased<br />
Science) and was<br />
developed by engineers at<br />
the Jet Propulsion Laboratory.<br />
The most frequent application<br />
of AEGIS uses<br />
onboard computer analysis<br />
of images from Curiosity’s<br />
stereo Navigation Camera<br />
(Navcam), which are taken<br />
routinely at each location<br />
where the rover ends a<br />
drive.<br />
From the top of Curiosity’s<br />
mast, the instrument<br />
can analyse the composition<br />
of a rock or soil target<br />
from up to about seven meters<br />
away.<br />
The rover’s extended<br />
mission is analysing evidence<br />
about how the environment<br />
on Mars changed<br />
billions of years ago from<br />
conditions well-suited to<br />
microbial life, if any life<br />
has ever existed on Mars,<br />
to dry, inhospitable conditions.