Sep 22, 2016 - HDFC Life-Max merger deal: Amfi warns mutual funds on non-compete fee payment

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Sree Vijaykumar From the Editor's Desk The cult of happiness is making us miserable. The happiness that obsesses popular culture is but a brief dopamine reward for desired events and behaviors, like a treat for a dog. Somehow the gently feeble minds of the masses have been convinced by self-help culture and the tech mentality that human happiness is a sort-of mountain peak that we will all colonize once we figure out how to stay up there without falling off. This couldn't be farther from the case. Happiness is a climax, meaning it's dynamic. It relies on the buildup of prior events, which requisitely must not be the same events that lead to the burst of happy feeling. Continued here Advertisers of the day Transjovan Capital (Board Advisory): : Where will your Company be in the next 5 years? BPGDM 2016: The Best of Global Digital Marketing Conference - 18th Oct @ Hilton Mumbai (Exclusive offer for TradeBriefs subscribers)   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). HDFC Life-Max merger deal: Amfi warns mutual funds on non-compete fee payment Amfi advises AMCs to oppose proposal to pay Rs850 crore non-compete fee to Max Group promoters as part of the HDFC Life-Max Life merger deal Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   Regulator asks NSE to take stock of possible wrongdoing The Sebi wrote to NSE Chairman Ashok Chawla in the wake of findings by an expert committee on the practice of colocation, or the placement of servers belonging to brokerages adjacent to those of the exchange for a fee to give them an advantage in terms of speed. Internal funding rounds in start-ups in 2016 With venture capital firms becoming cautious in placing their bets, homegrown start-ups are looking towards existing investors for capital IOC eyes entire GSPC stake in Mundra LNG terminal GSPC LNG, a unit of GSPC, holds a 50% stake in the project with Adani Group owning 25%; the remaining 25% has been earmarked to be sold to a strategic partner Future Group buys retail store chain Sangam Direct This will be Future Group’s third acquisition in northern India in the food and groceries space in the last three years after Big Apple and EasyDay Lenders finalizing debt restructuring package for ABG Cement SIMEC Group bought a 51% stake in ABG Cement for Rs525 crore and initiated a management change in the company earlier this financial year Start-up success: Does the city matter? Mumbai start-ups showed a healthy mix of sectors being funded—be it B2C, B2B, enterprise software and financial technology, says a Venture Intelligence report Essel Propack buys remaining stake in German venture Essel Propack earlier held a 24.9% stake in Essel Deutschland Germany, which will now become a wholly owned business Harvest Gold looks to raise $50-60 million Harvest Gold was founded in 1993 by Adil Hassan as Harvest Gold Foods India in a market dominated by Britannia and Modern bread Brand value of banks takes a beating Apart from HDFC Bank, Kotak & IndusInd, most of the others saw an erosion in value this year, reveal BrandZ rankings Syngene International acquires Strand Life Sciences’s assets Syngene International CEO Jonathan Hunt says Strand’s bioinformatics platforms will meet customers’ growing needs for data analytics support Why has inflation moderated in India? Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get Urjit Patel has the best bond start this century for any RBI chief "Patels appointment is a critical pillar for this positive environment for inbound portfolio flows,” said Krishna Memani, New York-based chief investment officer. How India should see Moodys forecast on its banking sector Aside from these legacy issues, the underlying asset trend for Indian banks will be stable because of a generally supportive operating environment, said Moody's Vice President. Banks focus on new accounts and fees The more products a customer has, the more potential there is for a bank to earn fees Private equity upbeat on retail commercial space in India The share of retail sector assets in cumulative PE investments in India has increased to 18% in the first half of 2016, compared to 2% in the same period of 2015 Third time lucky for NPS fund managers? This round of NPS fund manager auctions has raised the fund management fee ceiling to 0.1% from 0.01% currently. However, many find even this unsustainable Want to double your money in 5 years? Forget a superbike and put it in markets: Dinesh Thakkar "We are positive on the market and expect quality stocks to continue to perform well, particularly the ones which are exposed to consumption and infrastructure space." Yes Bank invokes 19 lakh UBL shares worth Rs 156 crore The shares amounting to 0.71 per cent stake in UBL were invoked on September 15, the company said in a BSE filing. Agnificent Platform raises $350,000 from Anglian Omega Network Khel Now, which is being run by Agnificent Platform, will leverage Anglian’s network of over a million Facebook and Twitter followers Pepperfry raises Rs210 crore in Series E funding Pepperfry will use the fresh funds to scale up logistics network to more than 1,000 cities and open more experience centres, called Pepperfry Studios MFs set to meet Sebi’s 1 October deadline to disclose distributor commissions Sebi reiterates earlier stand that all fund houses will have to start disclosing the commissions that they pay to their distributors , on a half-yearly basis Why haven’t rivals reacted to Reliance Jio’s aggressive tariffs? Airtel, Vodafone, Idea can be expected to keep a keen eye on subscribers in the higher end, and may well be willing to let go of low Arpu customers Mu Sigma founder Dhiraj Rajaram in bid to acquire controlling stake Data analytics start-up Mu Sigma’s founder Dhiraj Rajaram plans to buy out 48% owned by Ambiga Subramanian and General Atlantic; valuation differences may upset deal Retail space shrinks as Biyani buys Sangam Direct The move would further consolidate the retail space in the country 'Dealo' retailer app to expand coverage Dealo, a mobile platform that allows retailers publicise products, deals, and discoun Five Star Chicken shuts 133 outlets in India in 5 months Owned by Charoen Pokphand Foods (CP Foods), Five Star Chicken is opening shop-in-shop stores in retail outlets, introducing private label packaged drinks. Pepperfry raises Rs 210 crore to expand into smaller towns Funding comes from existing investors Goldman Sachs, Bertelsmann India Investments, Norwest Venture Partners and Zodius Technology Fund As retailers step on toes, banks strike back Banks are looking at opportunities that mobile apps offer by enabling customers buy and sell goods on their platforms, effectively making them a retailer. Billionaire Telecom Dogfight Seen Offering Best Returns in India Bharti Airtel and Vodafone India are offering more data benefits and cheaper tariff plans to prepaid users to keep rival Reliance Jio from scooping up their market share VNO Forum holds first round table in India with 150 delegates ... Within four months of issuing guidelines related to virtual network operator, the government has received over 70 applications seeking permission to p.. The success of digital identity hinges on the power of mobile In India, the number of internet users is predicted to reach 504 million by 2017. This impressive market potential is driving a surge in digital services, opened up by growing innovation in the digital age. Xiaomi to bring crowdfunding platform to India Xiaomi is planning to launch the much awaited Mi Band 2 in India today i.e. 21 September, 2016. The Mi Band 2 launch would be accompanied by Mi Air Purifier’s India debut as well. Jio effect? Telenor India, Tikona Digital in talks to merge data businesses In yet another big move in the telecom sector, Telenor India and is exploring a big-bang deal with the Goldman Sachs-backed Tikona Digital. RMC seals illegal roof-top mobile towers in crackdown Continuing its crackdown on illegal mobile towers, Raipur Municipal Corporation (RMC) has sealed 20 mobile towers erected on roof tops of residential and commercial premises in the city. iPhone 7 manufacturing cost is more than iPhone 6S: IHS Markit The launch of the iPhone 7 affected thousands of people across the globe and it will continue to do so for a long time. Every time Apple Inc launches a new model, millions queue up to get the exact same phone with the exact same features.   Real-time pollution data on mobile soon In the next few months, Amdavadis can get a five-day air quality predictions on their mobile phones, just like temperature forecasts. Amazon Pantry Grocery Box Service Launched in Hyderabad With the service, users can fill a virtual box of items from the Amazon Pantry store and have them delivered to their doorstep for a delivery charge. India's digital classifieds market to hit $1.2 bn by 2020: Google-KPMG report Real estate and e-services to increase by 4x and 7x, respectively, while online job searches expected to double Pepperfry raises Rs 210 cr from investors; aims to cater to 20 million customers by 2020 The funds will be used to scale Pepperfry's logistics and service network and to expand the footprint of Pepperfry Studios. 92% Internet Users in India Do Price Comparison And Read Reviews While Shopping Offline The offline shopping behaviour of the internet users in India is maturing. A study highlights the buying patterns, preferences and price TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India