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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.

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