Mobile clinic to detect kidney-related diseases

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease.

As part of its Corporate Social Responsibility, Muthoot Finance Ltd , which claims to be India's largest gold loan company, on Saturday launched its health care outreach program, with a mobile van for detection of kidney related diseases, diabetes and hyper tension ailments.

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease.

George M Jacob, Director, Muthoot Finance,said the mobile ambulance will hold exclusive camps across the state, where blood sample of people will be taken and tested for possible kidney related diseases. 

At the end of the camp there would be an awareness session which will provide information about the prevention and treatment of the disease, he said. Later,talking to reporters,Babu John Malayil,Coordinator, Anbhin Nizhal, said a similar project has ben running successfully in Kerala for the last one year and the company has helped carry out 25,000 dialysis for the needy and poor.

Stating that the company, with a net profit of Rs 800 crore, has kept Rs 16 crore towards CSR, of which Rs two to three crore was being spent in the health sector, Malayil said at least three out of 100 persons screened thus were affected by kidney diseases, who were either helped by the company by providing free treatment or partially financed for hospital expenses. 

Muthoot Finance stock price

On April 10, 2015, Muthoot Finance closed at Rs 202.20, up Rs 2.60, or 1.30 percent. The 52-week high of the share was Rs 253.50 and the 52-week low was Rs 162.55.

The company's trailing 12-month (TTM) EPS was at Rs 17.24 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.73. The latest book value of the company is Rs 107.82 per share. At current value, the price-to-book value of the company is 1.88.

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YouWeCan Ventures: Yuvraj Singh's new innings

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism.

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. For entire interview, watch accompanying video.

Also watch the video of Snapdeal.com, the company acquired Freecharge, a mobile recharge and discount coupon provider.

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TrulyMadly: A matchmaking app

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly.

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly.

Watch accompanying video for more...

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Airbus supports Modi's 'Make in India' initiative

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people.

Expressing support to 'Make in India' initiative, aircraft manufacturer Airbus on Saturday said it is ready to manufacture in India, as Prime Minister Narendra Modi visited its facility here.

Modi took the tour of the facility where planes are manufactured. He was given a briefing by officials on the functioning.

Airbus Group CEO Tom Enders, who received the Indian leader, said: "We are honoured to host Prime Minister Modi in Toulouse and convey to him our desire to forge a stronger industrial bond with India. India already takes a centre-stage role in our international activities and we want to even increase its contribution to our products".

"We support Prime Minister Modi's 'Make in India' call and we are ready to manufacture in India, for India and the world," he added.

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people.

The group's senior representative conveyed their decision to expand these centres so that they can take on comprehensive design responsibilities for future Airbus group programmes. 

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Storyboard: Sponsor interest highest in IPL 8

Broadcaster Set Max says that this has been the best IPL so far - all its inventory is sold out and the broadcaster has made an estimated Rs 950 crore before the tournament even began.

The eighth edition of the Indian Premiere League kicked off this week. Given that the tournament has come at the heels of the ICC cricket World Cup making a case for too much cricket, one would imagine that viewer as well as sponsor interest in the IPL would suffer.

Broadcaster Set Max says that this has been the best IPL so far - all its inventory is sold out and the broadcaster has made an estimated Rs 950 crore before the tournament even began. 

For entire report, watch accompanying video.

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YouWeCan Ventures: Yuvraj Singh's new innings

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism.

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. For entire interview, watch accompanying video.

Also watch the video of Snapdeal.com, the company acquired Freecharge, a mobile recharge and discount coupon provider.

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E-commerce co Urban Ladder bets big on Mobile Automation

Indian e-commerce company Urban Ladder is on a funding raising spree. After having mopped up USD 50 million, Urban Ladder is betting big on technology platform, automation of supply chain and mobile platform.

Indian e-commerce company Urban Ladder is on a funding raising spree. After having mopped up USD 50 million, Urban Ladder is betting big on technology platform, automation of supply chain and mobile platform.

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TrulyMadly: A matchmaking app

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly.

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly.

Watch accompanying video for more...

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Delhi HC stays warrant against Subrata Roy in IT case

The court also stayed till May 25 proceedings before trial court against Subrata Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.

The Delhi High Court on Friday stayed warrant issued by trial court against Sahara chief Subrata Roy, company's three directors for appearance in an Income Tax case.

The court also stayed till May 25 proceedings before trial court against Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.

A Delhi court had issued warrant for the appearance of Sahara Chief Subrata Roy last month, now lodged in Tihar Jail, in an Income Tax case in which he has been accused of not filing returns for a group company for the 2013-14 assessment year.

Along with Roy, Additional Chief Metropolitan Magistrate Devendra Kumar Sharma had sought presence of J B Roy and Ranoj Das Gupta, two directors of Sahara India Commercial Corporation Ltd, and issued bailable warrants against the two as they failed to appear before the court inspite of its summons served to them earlier.

Apart from these three, the Income Tax Department has also made the company and another director O P Srivastava accused.

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PayPal, Ebay to split into two separate public companies

After spending much of this year explaining why its two businesses are best left together, eBay's board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year. And CEO John Donahoe will step down as CEO of eBay once the split takes effect in 2015.

EBay shares jumped on the news, rising by more than 7 percent by midday. They were on pace for their best day since July 19, 2012, when they rose 8.6 percent. (Get the latest quote here.)

Donahoe began 2014 under pressure from activist investor Carl Icahn to split the company into its faster growing payments business, PayPal, and its legacy e-commerce marketplace, eBay. Donahoe and eBay's board successfully resisted those pleas in winning a proxy fight, but only months later during the company's annual strategic review, decided that a split in 2015 is now the right move to position each of those company's for the future.

Read More: Why Apple Pay will hurt PayPal

"What the proxy fight forced was me to come out and articulate our plan of record, our position at that moment, and that's what I did," Donahoe told CNBC, "As we've continued our annual assessment, looking forward three to five years about how we can best position eBay and PayPal, we think the competitive position and the competitive environment of commerce and payments are going through accelerating change. That creates new sets of opportunities and challenges for both eBay and PayPal and (we believe) that operating independently will give eBay and PayPal focused strategic flexibility and an ability to move quickly and decisively in this changing environment."

In a tweet, Icahn said he liked the announcement.

While Donahoe has spent much of 2014 extolling the benefits that eBay and PayPal derive from being part of one company, he now says those benefits are in decline."When you look forward, eBay will be less than 15 percent of Paypal's business three years from now and we can achieve many of the benefits of the synergies through arms-length commercial relationships." Donahoe told CNBC.

Devin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay when the split becomes final. EBay also announced that it has hired Dan Schulman, currently the president of the Enterprise Growth Group at American Express, to take over as PayPal's president immediately. Schulman will become PayPal's CEO once the split from eBay is complete.

Read More: Bitcoin gets greenlight from eBay's PayPal unit

While Donahoe expects to become a board member of both companies, his decision to no longer run either of them is a surprise. Donahoe says that by the middle of 2015 when the split is expected to become official, it will be time for him to step aside.

"I had a good role model named Meg Whitman. When Meg was CEO of eBay, she said she was going to do it for a decade. And she stepped down eight years ago in her early 50s and created opportunity for me, for which I'm enormously grateful. Next year will be my 10th year at eBay and I'll be creating opportunity for two great leaders to become CEO," Donahoe told CNBC in an interview.

While eBay's 180 degree turn is sure to be seen by some as placating a restless shareholder base and avoiding what could have been another bruising proxy fight, Donahoe says that is simply not true.

"Very consciously we didn't make a reactive decision in Q1 based on a short term event like a proxy fight because we have a long history of being thoughtful and deliberate of how do we set this business up to succeed over the long term. From the beginning, Pierre Omidyar, our founder, has a deep commitment to the long term. ... And this process has gone through what is the best way to help eBay and PayPal succeed over the long term. I feel confident this is the right direction and that's the reason we're pursuing it."

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