May 25, 2017 - Oil prices rise in anticipation of extended OPEC-led production cut

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Sree Vijaykumar From the Editor's Desk What the internet has done is disrupt sectors where delivery of the product or service can be done online, either entirely or made more efficient through online channels. The sectors most disrupted include media, retail and now banking. Media was the easiest to disrupt as consumption of news, sports and entertainment online simply meant moving from newspapers and television to mobile phones and tablets. Because the gatekeepers of the internet (tech companies like Google & Facebook) kept content free (for rapid growth), and took away most of the advertising dollars, media companies are still struggling to find viable business models in this new world. Retail is getting disrupted in most developed markets as we speak. While the delivery of product is in the physical world, discovery was made more efficient online. Online continues to eat brick and mortar's lunch, but will reach a steady state, as 'touch and feel' and destination shopping (imagine Ikea) will remain important brick-and-mortar strengths and cannot be replicated online. Banking has a regulation moat, which will keep it going for some time. However, 'Fintech' promises not just lower costs (because of lower overheads), but also better service because of better use of data. As Jamie Dimon of JPMorgan says, "Silicon Valley is coming!" Advertisers of the day shivkhera.com: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Oil prices rise in anticipation of extended OPEC-led production cut Brent crude futures were trading at $54.51 per barrel, up 55 cents from their last close. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. Has Reliance Communications’ monumental debt finally become unmanageable? Reliance Communications’ cash generation has fallen considerably this year, and wasn’t sufficient to cover capital expenditure and interest payments For bankers, ATM hacks are less about losing a few lakhs more about erosion of reputation Banks are focused on securing pricier installations such as the ‘ATM or core banking switch, which link core accounts and clusters of ATMs. Everstone Group raises investment in Servion Global to $74 million Evertech, a tech investing platform of Everstone Capital and Solmark, had in November 2014 invested about $66 million in Servion Global to acquire a majority stake World Bank’s IFC to invest $40 million in Kedaara Capital’s new fund World Bank’s International Finance Corp to invest up to $40 million in Kedaara Capital Fund II LLP, which in turn will fund in 10-12 mid-market firms in India HDFC-Max Life merger: Attorney General Mukul Rohatgi declines to give legal view IRDA will now decide the fate of merger of HDFC Life Insurance and Max Life Insurance—a first of its kind in the insurance sector FIIs/FPIs restricted from buying more shares in Fortis, Claris FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through Portfolio Investment Scheme (PIS). Ebix acquires 80% stake in ItzCash for Rs800 crore Ebix’s ItzCash acquisition provides an exit to payments firm’s existing venture capital shareholders Matrix Partners, Intel Capital and Lightspeed Venture Partners Bitcoin executives say digital currency rotation driving surge Bitcoin’s surge is being driven partially by enthusiasts rotating out of riskier digital assets and into the more established cryptocurrency, say industry executives Women CEOs earned more last year but few were in top job, analysis finds The median pay for a female CEO was $13.1 million last year, up 9% from 2015. By comparison, male CEOs earned $11.4 million, also up 9% ArcelorMittal agrees on concessions to seal delayed $897 million JV with Sail ArcelorMittal has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture Google announces 6 Indian startups in fourth class of accelerator program The six startups will be joining an inspiring group of startups from all over Asia, Latin America, Africa and Europe at the Google Developers Launchpad Space in San Francisco Not all AMCs allow NRIs to invest in their schemes Not all AMCs make their funds available for investments to customers who live in the US or Canada Corporate borrowers run to the markets as banks wilt Funds raised through corporate bonds sales surged 40% to Rs3.31 trillion in the year through March from the prior 12 months, says report SBI to sell bad loans worth Rs1,471 crore to ARCs in bid to clean up books SBI seeks expression of interest by Friday from asset reconstruction companies (ARCs) and the e-bidding process will take place on 9 June Attorney General refuses to give opinion on HDFC Life, Max Life merger, returns file to IRDA “I have refused to give my opinion on the matter so I have returned the file,” Attorney General Mukul Rohatgi Attorney told ET. Paytm Payments Bank launched. Here’s how it compares to rivals Airtel, India Post With the launch of Paytm Payments Bank, there are now three payments banks in the country , including Airtel Payments Bank and India Post Payments Bank 'CSR by global brands must look beyond tier-1 of leather supply chain in India' ICN report finds widespread labour, gender, caste discrimination in Agra, Kolkata and TN How to combine GST with a sharp Make in India strategy to convert India into a global manufacturing hub For most industrial products, GST rates have been slated at 18%. Today a manufacturer pays about 28-30% as taxes, so this means an average saving of around 10%. The lower tax rate is not the... Google, Apple, Samsung bullish on mobile payment service in India No of daily transactions on mobile wallets doubled to 44.3 lakh within six months of the November 8 demonetisation move. TRAI stands firm on its view to impose Rs 3050 crore penalty on Airtel, Idea, Vodafone Telecom Regulatory Authority of India (TRAI) has stood firm on its opinion to the Department of Telecom (DoT) for imposing penalties of Rs 3,050 crore on Bharti Airtel, Idea Cellular and Vodafone India. Amitabh Kant: India inching towards cost-effective digital economy Kant said India is essentially cash economy at present as 80 per cent of transactions are in cash.The NITI Aayog CEO also urged merchants to gradually.. Ericsson's new multi band network solutions can potentially bring an end to 'call drops' and 'poor data speed' in India India is still dealing with issues like call drops and network issues and there is certainly a huge amount of innovation needed apart from investment in the India has 2800000 mobile phone users currently Reliance Jio continued to drive growth in mobile telephony segment by adding over 5.83 million mobile customers. Tax on sanitary pads, not on sindoor-bangles: Modi government doesn't get women Misplaced priorities? Definitely. Basmati exporters expect higher output on good monsoon forecast The forecast of a good monsoon and projected rise in basmati paddy sowing is likely to mean more earnings for its exporters in the current season, though the volume of shipments is not expected to change.Of all paddy production, basmati accounts for Politics and religion: As BJP government rises, so does yoga tycoon Baba Ramdev The practice of yoga and the use of ayurvedic products, for which Ramdev’s Patanjali is a market leader, got an official push after Narendra Modi’s BJP came to power at... Hindustan Unilever touches record high on heavy volumes In past one-month, the stock rallied 15% as compared to 2% gain in Sensex and 6% rise in FMCG index Hindustan Coca-Cola Beverages appoints Seema Nair as Executive Director – HR Hindustan Coca-Cola Beverages (HCCB) on Wednesday announced the appointment of Seema N How Flipkart is maximising its marketing impact by spending less The e-commerce company has evolved a new corporate strategy by cutting its marketing budgets by a third but increasing its conversions and reach American luxury brand Brooks Brothers debuts on Tata CLiQ Tata CLiQ Luxury will also offer CLiQ and PiQ services across 10 Brooks Brothers stores in India where consumers can choose to CliQ online and walk-in.. Paytm to bank on two new board members GS Sundarajan and PV Bhaskar join board of payments bank. Deleted official emails may hold key to former Infosys CFO Rajiv Bansal's payout freeze Bansal, who quit Infosys in October 2015, was awarded more than Rs 17 crore in severance, which was characterised as outsize by some of the companys founders. How rapid digitisation is making India a favourite cyber attack target? According to the researchers, "EternalRocks" exploited the same vulnerability in Windows that helped 'WannaCry' spread to computers. I Vishal Sikka's salary drops 67% in FY17, total payout down 7% His total compensation, including bonus and grant of stocks, fell 7 per cent to Rs 45.11 crore in 2016-17 from Rs 48.41 crore in the previous fiscal. 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