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Monday, July 31, 2017

Jul 31, 2017 - Max India pulls out Max Life-HDFC Life merger deal

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Although many strategic leaders tout their keen intuition, hard work, and years of industry experience, much of this intuition is simply a deeper understanding of data that was historically difficult to gather and expensive to process. Not any longer. Artificial intelligence is rapidly closing this gap, and will soon be able to help human beings push past our processing capabilities and biases. These developments will change many jobs, for example, those of consultants, lawyers, and accountants, whose roles will evolve from analysis to judgement. Arguably, tomorrow's elite consultants already sit on your wrist (Siri), on your kitchen counter (Alexa), or in your living room (Google Home). More here

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Max India pulls out Max Life-HDFC Life merger deal

However, the whole scheme did not go down well with the Insurance Regulatory and Development Authority of India (Irdai) as it was in contravention of the Section 35 of the Insurance Act, 1938, that does not allow merger of an insurance business with a non-insurance firm

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HSBC profit jumps more than estimated as bank announces buyback

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SoftBank CEO Masayoshi Son is said to be planning to make a direct offer for Charter Communications after the cable company rejected the group’s proposal for a combination with Sprint

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Facebook shares could reach $200 apiece in a year

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No steps taken for launching Sharia-compliant mutual funds in India: RBI

​Replying to an RTI application filed by a PTI correspondent, the central bank said the Government of India had sought its comments on the launch of Sharia-compliant mutual funds by State Bank of India in December 2014.

Farm, SME stress add to private sector bank woes

Results released last week showed that HDFC Bank's NPAs had risen to the highest in 7 years.

RBI dilemma: Rate cut easier than rationale

Reserve Bank of India’s tough statements in the June monetary policy statement make it tricky for it to go a rate cut

Urjit Patel may just seize his chance this time to put Indian economy back on track

Consensus has built for a cut because its seen as Patels last chance through 2018 to spur the economy before the US Fed reduces its balance sheet.

Arun Jaitley urges PEs, ARCs to hasten resolution of insolvency cases

Indian banks are saddled with over Rs 10 lakh crore worth of dud loans which are eating into their earnings and limiting their ability to lend.

Four banks withdraw opposition to NSEL-parent merger

NSEL, which was incorporated in 2007, obtained licences under APMC Acts of various states to run a commodity spot exchange.

KKR may back Peepul Capital's Sandeep Reddy for acquisition of Medall Healthcare

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IDFC infrastructure fund set to buy First Solar's India portfolio for $300 million

In India, First Solar has supplied over 1gigawatt (GW) worth of panels while globally its supplies are worth over 17 GWs, according to the company's website.

Sembcorp looks to refinance India power unit’s Rs3,000 crore debt

Sembcorp Industries is in talks with SBI and Union Bank of India to raise Rs3,000 crore to refinance existing long-term debt of Sembcorp Gayatri Power

SSG Capital eyeing stake in debt-laden Bhushan Steel

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Sahara to challenge IRDAI order on life insurance biz transfer to ICICI Pru

Sahara alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore was siphoned.

Infosys can be 10 times as large as it is today, says Ravi Venkatesan

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Sebi penalises 12 entities in Safari Industries case

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Nepal’s CG Corp launches $100 million VC fund to invest in start-ups in India

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SoundCloud is said near deal to sell stakes to private equity

SoundCloud Ltd is close to a deal to sell a stake in the company to a pair of private equity firms, an investment that will help the company keep operating for the foreseeable future

Amazon expands logistics solution to registered sellers

Most of the deliveries are currently handled by logistic firms such as BlueDart, DTDC and FedEx. These companies will have a hard time competing with Amazon.

Decoding customer loyalty today

Nearly 70 per cent of Indian consumers see little difference between brands, a survey by Accenture finds

Hindware launches premium brand; redefines brand identity

- , curated by Manish Malhotra when they inaugurated their modern concept store Lacasa in Vile Parle, Mumbai earlier this week.

India's retail sector likely to get a shot in the arm soon

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Reliance JioPhone effect: Idea Cellular to soon launch 4G-enabled smartphone at Rs 2500

The company is expected to launch its phone at a price point of Rs 2,500.

Vodafone student scheme offers unlimited calls, 1GB/day for Rs 352

Telecom giant Vodafone India has rolled out a new offer targeting students with unlimited calls and 1GB 3G/4G data for 84 days.

India vulnerable to cyber crime, must upgrade defence: Study

Demonetisation and the subsequent push for digitisation has escalated risks relating to cyber crime and India needs to urgently upgrade its defences by setting up a cyber security commission on the lines of the Atomic Energy and Space Commissions, according to an IIT Kanpur study shared with Parliament’s committee on finance.

RCom, Aircel merger deal on sticky ground

SC had earlier this year threatened to cancel Aircels licences if the top executives of its Malaysian parent, Maxis Berhad, continued to evade Indian courts over a case.

Jio Phone booking: Fill personal details in this form on to register interest for Reliance 4G feature phone ...

Jio has updated its website for the people who are interested in buying the Reliance Jio feature phone. Jio updated its website with ‘Keep Me Posted’ page.

The two big compromises that might cut the appeal of Reliance JioPhone among its target audience

India’s push to become Digital India has got another shot in the arm from Reliance Jio’s JioPhone offering. The almost-free 4G feature phone might bring data to the hands of millions of Indian, but is this the best way for our country to step onto the data superhighway?

Godrej Consumer Products Q1FY18 consolidated net profit declines 8.6% yoy to Rs.225.2 crore : Misses Estimates

The PAT for the quarter came in at Rs. 225.2 crore, yoy decline of 8.6%. This was due to 22.2% yoy increase in interest expenses.

From Traditional to Global: Gourmet grocery giants of India

Sales of gourmet and international foods – marked by unique and exciting flavour profiles, high-quality formulations and beautiful packaging – are soaring in India. The category has been growing at a steady healthy clip of 20 per cent CAGR and is set to gather even greater momentum in the days ahead. The growing consumer interest …

Tata Group plans foray into ready-to-eat foods

Tata Group plans foray into ready-to-eat foods - Tata Group is offering Indian and international recipes under the test-marketing

TGI Fridays to bring its liquor and snacking brand to India

Global CEO Aslam Khan said last month that his focus was on pushing the brand towards a bar-focused, beverage-based environment.

Logistics, warehousing space leasing up 50% in H1 2017: CBRE

The leasing of industrial and warehousing space rose 50 per cent in January-June at 7.3 million sqft in eight cities and absorption may touch an all-time high in 2017 on positive sentiments after GST rollout, according to a study.

Inside Patanjali: Here's what life is like in Baba Ramdev's company

In a single year, Ramdev's company has leapfrogged giants such as ITC, Nestle, Godrej, Dabur and Tata. So Patanjali is certainly a corporate high performer.

Is the two certification system harming India's organic food market?

Since 2001, the government had been promoting organic farming through third party certification while over a hundred countries are willing to trade in PGS products.

GST has not impacted consumer spending, says Hindustan Unilever

FMCG player Hindustan Unilever said the GST has not impacted the consumer off take and expects the price cuts undertaken by it to drive sales.

Rice basmati remains weak on sluggish demand

Grains: The wholesale grains market remained weak for - the second straight week as prices of rice basmati and non- basmati went down further due to reduced offtake by stockists following easing demand against adequate stocks position.

Thirsting for a drink? Home-grown beverage maker Fresca Juices offers options aplenty

Delhi-based Fresca Juices has a strong footprint in tier-2 and tier-3 cities, and the brand is aiming to become a national player by 2022.

Snapdeal-Flipkart deal falling apart after six months of hard negotiations

Public announcement on the fate of the one of the largest e-commerce deal, orchestrated by Snapdeal’s largest investor SoftBank, could be made today.

Retail Digital Marketing: Top 5 Trends

It’s no hidden fact. Despite all efforts, the retail industry constantly struggles to keep pace with what exactly it is that their consumers want. Expectations are temperamental and becoming increas

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