Jun 8, 2017 - Max Life, HDFC Life 'committed to merger'

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Sree Vijaykumar From the Editor's Desk Music as a medium of protest, or the protest song has a rich history in various countries around the world, including India. In India, it was dominant during the British Raj, as ordinary Indians rallied with songs like 'Bande Mataram' and 'Sarfaroshi ki Tamanna' to feel pride for the nation and protest against colonization. In recent times, the country's favourite musicians have mostly steered clear of politics or social issues in their work. Some artistes, though, are breaking the mould, using music to attest to their very different experiences of living across India, from the disadvantaged slums of New Delhi to the conflict zones of Kashmir. And it's these musicians that 24-year-old Uday Kapur wants to support and promote, through his label - Azadi Records. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: 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). 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. RBI survey signals deteriorating job market 32.5% of those surveyed by RBI said the current employment situation had improved, while 39.2% said it had worsened As India's economic growth stumbles, Modi has failed to live up to his promise as an economic modernizer No country has more potential for the improvement of the human condition than India. Home to more than 1.3 billion people and soon to overtake China as the world’s most populous country, India is also still desperately poor -- its gross domestic product per capita is less than $6,000 in purchasing power parity terms, less than half that of China and barely a tenth of the US. Those who caught these stocks young turned crorepati in 4 years Many SME stocks have turned multibaggers for investors over time, but have gone unnoticed. Gloves off! Discord between RBI and Modi government rises Economic conditions warranted a substantial monetary easing, said CEA Arvind Subramanian. GDF International may exit Petronet today via a block deal The share sale is happening between an indicative range of Rs 417 and Rs 440 per share. The world has a $400 trillion problem Governments in most countries will need to work on increasing retirement savings in order to avoid the looming pension crisis Adani Ports in talks to buy majority stake in Gujarat Pipavav Port Adani Ports and Special Economic Zone (APSEZ) has initiated talks to acquire APM Terminals Management’s 43.01% stake in Gujarat Pipavav Port India to set up four think tanks to get help on trade talks The Department of Commerce is setting up four centres — for trade and investment law, trade promotion, regional trade and capacity building. SBI says 'future ready' with transaction speed of 15K/sec From a business perspective, this consolidation will provide significant long-term benefits to the bank, SBI's annual report 2016-17 said. Piramal Finance lends Rs 650 crore to Embassy Group Embassy will lend the money raised through the current transaction to Manyata Promoters, which will be using the funds to repay its dues, said persons familiar with the development. IDG Ventures, Unilever, AWS team up to invest in early-stage tech start-ups IDG Ventures India has launched Innovation Program, an initiative to invest up to $5 million in Indian tech start-ups in partnership with Unilever Ventures and Amazon AWS India signs OECD pact to check tax evasion by MNCs India today signed the OECD multilateral convention that aims to check cross-border tax evasion by multinational companies. IREDA listing gets cabinet approval in fresh push for renewable energy The share sale will increase equity base of Indian Renewable Energy Development Agency (IREDA) and help it raise more debt for funding projects, govt says 83 per cent currency remonetised so far: RBI The government had demonetised old Rs 500 and Rs 1,000 notes on November 9, junking nearly 87 per cent of the currency in circulation. Reliance Nippon Life Asset Management plans IPO in 2017-18, to sell 10% stake India’s third largest mutual fund manager Reliance Nippon Life Asset Management will sell at least 10% stake in 2017-18, says CEO Sundeep Sikka Sebi provides clarity on lock-in period for compulsorily convertible debentures Sebi provided clarity to PC Jeweller on the lock-in period required for unlisted compulsorily convertible debentures (CCDs) Reserve Bank of India looks for honourable exit India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 per cent. The evolution of Urjit Patel as RBI governor Urjit Patel’s stand on an MPC meeting with the finance ministry shows he has started asserting himself as an RBI governor Biocon shareholders approve issue of bonus shares Biocon shareholders have approved the issue of bonus shares by way of capitalisation of reserves Card payments rise, but average value per transaction declines, general digital payments numbers up While card transactions have shown a rise, UPI the poster child of the governments demonetisation programme has grown leaps and bounds as well. Power Finance Corp to borrow Rs 70,000 crore this fiscal The company will raise fund through external commercial bonds, rupee denominated masala bonds and other instruments, he said. Yes Bank gets shareholders’ nod to raise Rs20,000 crore Yes Bank received shareholders’ nod to raise Rs20,000 crore in debt instruments; the bank’s AGM on Tuesday also approved raising the bank’s total borrowing limit to Rs70,000 crore GST: Online grocery stores worried over stocks of consumer goods running out The fear emanates from liquidation of inventory and heavy promotions in June ahead of the goods and services tax (GST) being put in place on July 1. Xiaomi bets big on offline sales model for India growth story So far, Xiaomi has its flagship offline store in Bengaluru, with plans to step into Chennai, Mumbai, Delhi, and Hyderabad. Reliance Jio helped India reach 15th spot in 4G availability: Survey OpenSignal's 'The State of LTE' report also suggests that making 4G available to more users has come at the expense of lower average speeds Reliance Jio: India ranks 15 in global 4G availability, but speeds drop drastically “Our testers were able to latch onto a Jio LTE connection 91.6% of the time nationally. That availability score isn''t just impressive for India, more than 30 percentage points ahead of Jio''s rivals, but it''s an exceptional score on the global level,” said OpenSignal. Jio effect? Telecom industry is at its weakest, govt will have to step in Telecom Minister Manoj Sinha is likely to meet promoters of service providers on June 22-23 to discuss the ongoing crisis in the telecom sector. FMCG shrugs note ban as sales volume grow 6% in Jan-March Sector grows two percentage points faster than the same quarter last year: Kantar Worldpanel HUL MD and CEO Sanjiv Mehta pocketed Rs 14.20 cr in FY17 New Delhi, Jun 7 (PTI) FMCG major Hindustan Unilever Managing and CEO Sanjiv Mehta took home Rs 14.20 crore remuneration last fiscal, despite no increase in his salary from previous year. Diet beverages in pregnancy may up child obesity risk A new study has showed that babies born to women who drank at least diet beverages per day during pregnancy were more likely to be overweight or obese at age 7. India among top five consumer markets in Asia: BMI Research According to BMI Research, a Fitch group company, China, Sri Lanka, Vietnam, India and Indonesia represent five favourite consumer markets in Asia, offering retailers the strongest consumer spending growth over its forecast period to 2021. GST: Bringing a sea of change in the FMCG sector The Government is incessantly coming up with ways to ensure an encouraging business climate in India and one of their initiatives is the GST, one of the biggest tax reforms in the Indian financial ecosystem. GST strives to transform India’s multi-layered indirect tax system, into a single unified one. This in turn, liberates the nation … WINIT Launches 'Merchandising Solution' in India for FMCG and Retail Distribution Companies WINIT’s merchandising solution has been adopted by companies like Colgate Palmolive, Bajaj Corp in India and Hershey’s distributors in Middle East to name a few., , WINIT, Merchandising Solution, fmcg, retail As startup story goes awry, Esops lose their sheen Once the ultimate wealth-creation vehicle, and part of the startup lore, Esops have lost their shine along with the startup story. Now, pay your traffic challan with Paytm Users can simply log onto the app, tap on 'Traffic Challan', enter their vehicle number and proceed to make the payment. Walmart India launches GST toll-free helpline The helpline has been set for all the members to address their their queries, clarify doubts and explain the nuances of the new tax structure. Amazon, Flipkart offer discounts to clear stocks ahead of GST roll-out Some industry insiders say that orders may become normal only by the time Diwali comes around Myntra Launches Accelerator Programme For Clothing Brands Online fashion marketplace Myntra has launched an accelerator programme for local fashion brands with a strong founding team and unique design sensibility. 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