Dec 12, 2016 - Now, Axis Bank suspends bullion dealers' accounts

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Sree Vijaykumar From the Editor's Desk Fake news is a big problem. There's not a day that goes by when I don't get exaggerated, misleading forwards on Whatsapp and other social media. And half the time, some of my friends and family (especially the elderly) believe what they receive to be true. There are real life consequences here when these stories help form our opinions, including medical misclaims and political exaggerations. A quick fact check is usually only a Google search away. This NPR article provides a variety of ways to fact-check the news yourself. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). Now, Axis Bank suspends bullion dealers' accounts Axis Bank has suspended nearly 30 employees for violating rules.Hundreds of crores have been unearthed in income tax raids in the past few weeks. 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. The Real Deal with Email and What TradeBriefs does right So, here Time to review pharma companies' disclosures? The materiality policies of leading pharma companies do not categorically specify the procedure of disclosing regulatory developments -apparently to be evaluated by the management on a case-to-case basis. Is global optimism on stocks underpinned by fundamentals? India, of course, did badly, thanks to demonetization, but for the global economy, the outlook is positive Tata Steel UK pension reform to clear way for ThyssenKrupp JV? If an exit from UK is not on the cards, sharing the burden is a more palatable outcome MFIN plans to approach RBI seeking relaxed norms for borrowers MFIN plans to ask RBI to allow clients to borrow from three entities, including small finance banks and universal banks, instead of the current limit of two Was Sebi aware of unfair access allegations at NSE in January 2015? Sebi did not initiate an inquiry into the allegations of unfair access at NSE till the end of 2015 The fungibility of black money Over seven decades, the parallel economy has permeated life around us that it has got completely intertwined with the formal economy Finance Ministry asks banks to keep tight watch on cash deposits State-run banks and the Indian Bankers Association must ensure that deposits of new and old currency notes are properly reflected in the customers counterfoils and bank records. Former Snapdeal product chief Anand Chandrasekaran invests in Wooplr Anand Chandrasekaran invests an undisclosed sum in Wooplr, which plans to use the funds for product development and marketing Your neighbourhood ATM may turn into a hacker's paradise Card details could be easily stolen — as they indeed were earlier this year — even as you fret about what to do with your solitary Rs 2,000 note. Can only love for our postman ensure success for India Post Payments Bank? The key to the success of India Post Payments Bank will be its business plan and if that’s in place, technology TVS Infrastructure in talks to buy 86% stake in MJ Logistics Eredene Capital is looking to sell its stake in MJ Logistics Services to TVS Infrastructure for about Rs80 crore Paras Healthcare looks to raise Rs350-400 crore from PE funds Paras Healthcare owners look to divest 25-30% stake; funds will be used to set up tertiary facilities in tier-2 and 3 cities ICICI Home Finance sale shelved as demonetisation dims real estate outlook The aftermath of demonetisation has engulfed the realty sector and ICICI Bank too is bearing the brunt. The bank's plan to sell its home financing unit has again taken a back seat this year. Private equity fund TPG has decided to not pursue this acquisition over valuation differences. .. PayU to launch new businesses in bid to become payments hub PayU will launch a product called LazyPay this month that will allow customers to buy things and pay a few days later 4 indicators of India's cashless growth, hurdles to future expansion 53% of adults in 35 high-income countries have credit cards, 2.1% Indians do; increased from 17.7 mn in 2011 to 26.4 mn in Aug 2016 Cyrus Mistry-Tata Sons war of words intensifies ahead of shareholders’ meeting Cyrus Mistry failed to distance himself from his family’s Shapoorji Pallonji group while he was Tata Sons chairman, Tata group holding company alleges Airtel to expand payments bank pilots to 3 South India states Airtel Payments Bank is the first payments bank in India to go live. BoB in talks to buy Central Bank's housing finance arm Investment bankers say Central Bank could get Rs 250 crore for its 64 per cent stake in CBHFL. Indian Rupee: Caught between a richly valued asset market aggressive central banker The combined effect of “demonetisation” and “Trump” has impacted several financial assets in contrasting ways. Parsvnath Developers raises Rs200 crore via debentures, gives exit to JP Morgan Chairman Pradeep Jain says Parsvnath Developers is focussing on completion of ongoing projects and has handed over 4,000 homes and plots in last two-and-a-half years Home appliance makers defer price hikes on post demonetisation sales lull Prices were scheduled to go up due to rise in component prices and weakening rupee. As policymakers huddle, India Inc still not ready for GST Large companies have begun their ground work, but small and medium enterprises don't seem ready for the new tax regime Demonetisation: Retail markets in Delhi continue to face slump in sales Over a month after demonetisation, markets continue to face a slump in sales. Ever since the move was announced on November 8, some business owners are saying that the sales have dropped by 80 per cent. Mistry misled Chairman Selection Committee in 2011: Tata Sons Morung Express Morung ExpressTata Group Chairman Ratan Tata and Deputy Chairman Cyrus Mistry attend the launch of a new website for tech superstore Croma, managed by Infiniti Retail, a part of the Tata Group, in Mumbai, India April 23, 2012. REUTERS/Vivek Prakash/File Photo.sp;» Airtel Payments Bank set to extend pilot to southern states Airtel Payments Bank is the first payments bank in India to go live. Tanishq plans to boost digital presence with CaratLane Customer might be able to 'add to cart' a few shortlisted designs online and book an appointment at the nearby store Indian Telecom Service cadres allege IAS suppression, seek Modi's intervention Here's the latest on a long-running battle between IAS and non-IAS cadres: Charging big brother with blocking promotions and a cadre review, the 1,700-strong association of the Indian Telecom Service (ITS) has urged Prime Minister Narendra Modi to Software development, ITeS most vibrant sectors in India: FM Arun Jaitley "It was brought forth that government support was required for IT sector in view of increasing trends of protectionism and anti-globalisation abroad." View: Four indicators of India's cashless growth The move to electronic banking - through debit and credit cards, bank transfers, Internet and mobile banking - will indeed accelerate. Competition Commission of India registers cases against Reliance Jio, Vodafone, Airtel, Idea, others The cases have been filed against telecom companies for allegedly violating competition laws. Samsung devices most traded phones in India in 2016: Report Capturing 28.52 per cent of the Indian mobile phone market, South Korean giant Samsung sold maximum number of devices in 2016, followed by Apple iPhone 14.87 per cent and Motorola... Belt-tightening, not demand, helped India Inc in Q2 Analysts worry that if the sentiment continues to be weak, recovery will be delayed. Demonetisation Took A Toll On FMCG Companies' Rural Sales: Godrej Consumer Products Godrej Consumer Products Ltd believes it has been able to perform better than the industry. Ministry writes to States on total compliance of gutkha ban “To circumvent the ban on the sale of gutkha, the manufacturers are selling pan masala (without tobacco) with flavoured chewing tobacco in separate sachets but often conjoint and sold together by the Yoga gurus: The leaders behind India's hottest consumer products They have bushy beards, a preference for loose-fitting robes, hundreds of millions of devotees - and a line of consumer products. Meet the Indian gurus behind the brands challenging some of the planetق€™s biggest companies. Flipkart Leads way with 5% rise in smartphone sales No. 2 Amazon lost share sequentially to 30% from 32% and so did third-placed Snapdeal, whose share dropped to 16% from 18%, Counterpoint said. Kalaari leads Series A round in fashion e-commerce firm StalkBuyLove Fashion e-tailer StalkBuyLove has raised around Rs 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded. Germany's VCDE Venture Partners and investment firm TTM Holding AG also invested in this round, the company disclosed in its filings with the Registrar of Companies. US, India, China top shopping corridors for UAE consumers The US, India and China are the most popular shopping corridors for people in the UAE with most of them engaged in cross-border online shopping in the past 12 months, according to a new report. The main drivers for UAE online shoppers to buy Myntra goes sporty in its latest ad campaign The Myntra Sport campaign, conceptualised and produced by Taproot Dentsu, encourages customers to get on their feet and pick a sport of their choice Flipkart sold 50000 units of Lenovo K6 Power on Day 1; next sale on December 13 Ecommerce site Flipkart has managed to sell a record breaking 50,000 units of Lenovo K6 Power smartphone in less than an hour on the opening day of its sale 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. 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