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Monday, December 05, 2016

Dec 5, 2016 - IRDAI tightens non-compete fee rules for M&As

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
A lot of fake and misleading news stories were shared across social media during the US election. One that got a lot of traffic had this headline: "FBI Agent Suspected In Hillary Email Leaks Found Dead In Apparent Murder-Suicide." The story is completely false, but it was shared on Facebook over half a million times. Mark Zuckerberg's got to be kidding if he says this is not a huge problem. NPR hunted down the creator of this story and discovered a mini-industry. Full story here

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IRDAI tightens non-compete fee rules for M&As

Mumbai: The insurance regulator is tightening rules to ensure that companies take its nod before they enter into deals to pay non-compete fees.




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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.

 


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Forecasters say India may still be the fastest-growing economy

We have two Ministers today telling us that demonetisation in India will boost the country's GDP growth. They're both absolutely correct, Arjun Ram Meghwal and Piyush Goyal, this will indeed happen and they've got the mechanism by which it will happen correct too. However, there are many things which are [...]



Where do MFIs go from here?

The industry is limping back to normalcy, but the aggressive push to a cash-less economy will force the MFIs to change their business model if they want to survive



Harried bankers want to shut shop till there’s enough cash

Bank employees have a difficult time explaining to customers why they run out of cash and the RBI must divulge its strategy on handling the current crisis.



Paytm to split wallet, e-commerce businesses

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More decentralization and more democracy

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Reduce the central bank’s assets which are largely in the form of government securities to the extent of the currency notes extinguished



The unresolved problem of twin balance sheet

Even in a favourable economic condition, revival may be difficult for some companies



Borrowers may exploit loophole as eight MFIs transition to small banks

With some MFIs becoming small finance banks, customers could tap others for loans, circumventing rules that say a person can only borrow from two MFIs



Realty bites for NBFCs’ business of loan against property

Growth rate of the loan-against-property business is likely to shrink to 15-20% this fiscal with demonetization causing NBFCs to take a cautious approach to it



Sebi to soon allow investments in MFs through digital wallets

Investors to be allowed to make mutual funds transactions worth Rs50,000 a month through e-wallets



SIPs are similar to recurring deposits but the money goes to a mutual fund investment

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There are good times and bad times but SoftBank is always there: Masayoshi Son

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Amicus Capital raises Rs600 crore, eyes portfolio mix of 10-12 firms

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Digital payments push: Single UPI platform in offing for banks

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Finance ministry to initiate action against more bankers

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Digital India: Here's how mobile termination charge should be adopted

The regulator should adopt best optimal methodology to determine these charges



Callers for dollars: Inside India's scam call centers

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How Baidu intends to give Google tough competition in India this coming year

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Fallen smartphone brand Nokia challenges Apple and Samsung again

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Vendor body tweets its way to meetings with ministers and top govt officials

The All India Online Vendor Association (AIOVA) has since tweeted its way to prominence, landing meetings with ministers and top government officials.


DHL strengthens India's e-commerce sector with $74 million investment

DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group, is investing EUR70 million (51,184 lakh rupees) to strengthen its operations to meet the fast-growing demand for quality e-commerce logistics services in India.


Gujarat High Court ruling gives relief to etailers like Flipkart, Amazon, Snapdeal

A number of states led by Gujarat had imposed entry tax on goods supplied by ecommerce players from outside the state seeking to protect local traders and their revenues.


While Flipkart valuation dips, technology gives 80pc annual growth for Myntra

Fashion portal Myntra, part of India's top e-commerce group Flipkart, aims to use smart technology such as artificial intelligence to enhance consumer experience as it looks to drive growth and turn profitable in the next fiscal year.


No laws in India to protect customers if they lose money during digital transactions

The lack of basic privacy and security laws pertaining to digital payments in India puts the onus on consumers who use such services


Is silver replacing gold as India's preferred investment option again

The Indian government has been trying to reduce its citizens' demand for imported gold through a number of means over the last few years. This is part of a wider crackdown on currency used in the black market, that included the withdrawal and replacement of its two largest-denomination bank notes in early November. The strategy...


Infosys formulating new strategy : Horizontal delivery heads to operate under profit loss responsibilities

In the next two quarters, the company is putting in place the strategy so the new P&L structure can begin to operate from the next financial year.



Smartphone maker, OnePlus to stick to online sales strategy

OnePlus will also look at increasing local production gradually, keeping pace with its forecast that Indias manufacturing scale could reach global levels in around five years.



AMD chief technological officer includes India as a key player for product development

Just like in consumer goods, there are tech cycles. Every 12-18 months, we will see new product revisions … it could be better screens or a wireless headset.



SAP sees huge opportunity in GST, demonetisation

Demonetisation payments, represents a massive opportunity for SAP in terms of data analytics and storage for digital wallet, banks and other financial services firms.



As India goes digital, hacking targets multiply

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Trump warns of 35% tax on firms outsourcing jobs abroad

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Can smart manufacturing disrupt SMEs?

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Will WhatsApp stop working on millions of smartphones by year end?

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How is technology erasing history?

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How Blockchain technology can improve your IT career?

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Apple in talks with government on opening offiline stores in India

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Capping a year of successful launches, Indian Space Research Organisation is all set to launch PSLV-C36 carrying remote sensing satellite RESOURCESAT-2A from the spaceport of Sriharikota on December 7, the space agency said today. The 44.4 metre



Apple reveals autonomous vehicle ambitions in letter to US regulators, plans to develop self-driving cars

The company has a separate organisation called 'Project Titan' that is developing automotive projects



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