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​600 homebuyers join hands, bid for completing a part of Jaypee project

​600 homebuyers join hands, bid for completing a part of Jaypee project

Finance
NEW DELHI: Among the 20-odd bidders for insolvency-hit Jaypee Infratech’s housing, hospital and road projects, including some top names from India Inc, there is an entity with no experience of construction and probably no documents to show its net worth -- a group of flat buyers from Kasa Isles who are pitching to take over some of the apartment blocks and construct it themselves. Over 600 buyers from the 16 towers of the project in Noida’s Sector 129 have come together under the umbrella of Kasa Isles Welfare Association and submitted their proposal to the resolution professional appointed by the National Company Law Tribunal. Now, they have approached the insolvency resolution professional with a formal offer. Aman Behal, a core committee member, said the association will need around
Backing Big Brother: Investors are pouring into Chinese facial recognition firms

Backing Big Brother: Investors are pouring into Chinese facial recognition firms

Finance
Buoyed by China's plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software.At stake for firms such as SenseTime Group, Face++ and DeepGlint, is a multi-billion dollar global public and private market for facial recognition technology that can quickly identify individuals by measuring major elements of their faces, such as the distance between the eyes and the curve of the cheekbones.With the use of artificial intelligence (AI) the technology can recognise and track those wanted by the authorities by seeking a match from a database of photographs. In the commercial world it can be used for security at homes, workplaces and ATM machines, and as a part of payments s...
The words we use to describe sexual harassment

The words we use to describe sexual harassment

Finance
Explaining the language of sexual harassmentThe words we use to describe inappropriate sexual behavior determine how the behavior is remembered, reported and even investigated. But many people still aren't sure what constitutes harassment and what doesn't. "There are a lot of weird myths out there about what is and what isn't sexual harassment," says behavioral scientist Lilia Cortina. "People don't realize how many things actually are sexually harassing conduct." Here's a list of terms, where they fall on the legal spectrum and how they differ. Sexual harassmentThe Equal Employment Opportunity Commission defines a behavior as unlawful harassment when it creates "a work environment that a reasonable person would consider intimidating, hostile or abusive." That could include unwanted adva...
UK railway pension fund investing millions in music

UK railway pension fund investing millions in music

Finance
Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights.RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $ 345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of music royalties collection and technology company Kobalt."With low expected returns from many traditional asset classes, we are prepared to allocate in alternative investments that can help us to pay members' pensions well into the future," Craig Heron, deputy investment director, RPMI Railpen, told CNBC this week in an email. Through the fund, Railpen buys music copyrights and receives royalties collected by Kobalt."This is an innovative investment opportunity that off...
The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance
A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament