Around 3:15 p.m. yesterday, a building in Manhattan’s East Village neighborhood exploded and caught fire, injuring 19 people–three critically. As of this writing, at least two people are reported missing. advertisement advertisement The blast, apparently “caused by plumbing and gas work being done” in the neighborhood, according to the New York Times, shook nearby restaurants, drew crowds of people into the streets, and sent up a thick gray smoke plume that could be seen across the city. As often happens now, witnesses tweeted and Instagrammed photos and videos of the scene. But for the first time, people also flocked to two brand-new live-streaming apps: the month-old Meerkat and the then-hours-old Periscope. Live-streaming video has suddenly gotten easier than ever before–and as is the case every time social media takes a leap forward, a host of practical and ethical questions about using technology during times of tragedy have presented … [Read more...] about Is It Wrong To Watch?
Personal care brand mCaffeine, which sells caffeine-infused products, is aiming to achieve Rs 100 crore in annual revenue, and 1.5 million customers, in the next 12 months.In a freewheeling chat with Moneycontrol, Tarun Sharma, co-founder of mCaffeine, said the brand has served more than half-a-million customers since its inception in 2016, and it is most popular among millennials.Sharma refrained from revealing the current turnover but said that the company has been "growing very aggressively in the past 12 months".Close mCaffeine is India's first caffeinated personal care brand co-founded by Tarun Sharma and Vikas Lachhwani, in October 2016, after nine months of extensive research.Himadri BuchAssistant Editor|Moneycontrol.com Subhash Chandra stake stake in ZEE | Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsThe research yielded that caffeine is basically a … [Read more...] about Online personal care brand mCaffeine eyes Rs 100 cr annual revenue in a year
The nine-hour marathon meeting of the Reserve Bank of India's central board saw mutual agreement being reached on several issues amid the ongoing rift between the government and the central bank.According to a post-meeting release by the central bank, the board discussed the Basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI.The Board decided to constitute an expert committee to examine the ECF, the membership and terms of reference of which will be jointly determined by the government and the RBI.Close It also advised that the RBI should consider a scheme for the restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to conditions of ensuring financial stability. related news Banking | Should RBI have a Deputy Governor based outside Mumbai? Cube Highways bids Rs 5,011cr to … [Read more...] about RBI board meet outcome: Relaxation in PCA norms, stressed MSME loan recast on the cards
Subir RoyMoneycontrol ContributorThe Odisha government has taken an important step to address rural distress and has come up with the Krushak Assistance for Livelihood and Income Generation (KALIA), which seeks to overcome the shortcomings of earlier attempts in the country in the same area.First came the debt waiver schemes, which addresses the immediate crisis in the lives of debt-ridden farmers, but does nothing to improve farm economics. Also, their scope is limited, as only institutional loans are covered. Loans from moneylenders are not covered.Close Worse, loan waivers harm credit discipline (the need to repay loans) and the viability of the entire agricultural credit system. related news Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming CCEA approves amendments to 'Toll Operate Transfer' model for national highways Then came the recently introduced Rythu Bandhu scheme in Telangana, … [Read more...] about Opinion | Odisha’s KALIA is the best scheme yet to address rural distress
Peter Landesman is used to tackling tough subjects. The former New York Times Magazine journalist has written about everything from Russian arms traffickers to genocide in Rwanda. So perhaps it’s not surprising that he sounds non-plussed when he talks about doling out some harsh blows to the NFL in his new film, Concussion. Based on a true story, the film stars Will Smith as Dr. Bennet Omalu, a forensic pathologist who first diagnoses C.T.E., a degenerative brain disease linked to repeated head blows, in 2005. Omalu discovered several cases of C.T.E.-amongst former NFL players whom he performed autopsies on, a number of whom had ended their lives in suicide. He, and the film, attack the NFL for initially denying any connection between C.T.E. and football players, and trying to discredit Omalu’s findings. advertisement advertisement “[NFL commissioner] Roger Goodell doesn’t really worry me that much,” say Landesman, who wrote and directed the … [Read more...] about How Writer/Director Peter Landesman Took on the NFL With ‘Concussion’