Sep 2, 2016 - LIC lines up bonanza for the faithful, 17 crore policyholders to get 6% bonus

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Sree Vijaykumar From the Editor's Desk One of the most striking things about the Camorra (Italy's foremost crime syndicate) is how good they are at business. The group runs much of Europe's drug trade, including the continent's largest open-air narcotics market in Secondigliano, in the north-east of Naples. The syndicate appears to be organised like a typical corporation, with descending levels of power. There is a top tier of senior managers who determine strategy and allocate resources; a second tier of middle managers who purchase and process the product; a third level of sales chiefs who co-ordinate distribution; and a fourth grade of street salesmen who deliver the product directly to customers. The group employs all the usual supply-chain-management methods. Its leaders source drugs from around the world (cocaine from Latin America, heroin from Afghanistan and hashish from north Africa) and make sure that alternatives are in place in case of disruption. Paolo Di Lauro, the former head of one of the most powerful clans, is arguably one of the most innovative businesspersons Italy has produced in recent years (since 2005 he has been held in solitary confinement in a maximum-security prison). As well as co-ordinating the drug trade with Colombia, he designed the group's successful franchise system, in which it treats distributors like franchisees who are responsible for their own turf rather than as mere employees. That gives them an incentive to recruit more people as well as to shift more product. They take care of the relatives of workers who die on the job. Gang members known in their role as the "submarine" deliver money and groceries to the bereaved families on Fridays. The group's efforts at corporate social responsibility (CSR) pay off. Local people invariably take the gangsters' side during police raids, forming human barricades, pelting law enforcers with rubbish and setting fire to their cars. More here 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). LIC lines up bonanza for the faithful, 17 crore policyholders to get 6% bonus Policies that have lapsed in the near term, if they are revived, can also benefit from this one bonus. One can revive a policy within 2-5 years. GST to boost India's strong growth: IMF The assessment comes a day after India reported a muted 7.1% growth in the first quarter of 2016-17, down from 7.9% in the previous quarter and the slowest in five quarters. Reliance Jio launch set to jolt India’s telecom sector Six ways in which Reliance Jio’s launch will impact one and all in the country’s telecom ecosystem RIL to create a Rs5,000 crore fund to invest in tech start-ups RIL boss Mukesh Ambani says Jio Digital India Startup Fund will be invested over next five years, entrepreneurship hubs to come up as well Sebi may relax norms for firms eager to list on national bourses Firms migrating from defunct bourses may be allowed to raise capital via private stake sales and trade on BSE, NSE Apis, ICICI Venture buy 15% stake in Star Health Star Health is a joint venture among ICICI Venture, Sequoia Capital, Tata Capital Growth Fund, Alpha TC Holdings and Oman Insurance Company. After this round, ICICI Ventures will own about 20% of the insurer. RIL will not withdraw arbitration against govt in KG-D6 dispute The total cost recovery that Reliance Industries has been disallowed from collecting so far is $2.75 billion, say regulatory filings British Columbia buys HDFC’s Rs500 crore masala bond HDFC’s first masala bonds issue in July had helped the corporation raise Rs3,000 crore through these rupee denominated bonds GE Capital sells commercial finance business in India Started in 1993, GE Capital’s commercial lending and leasing business has served more than 10 million customers in India Looking back at the Raghuram Rajan years He took charge at a time when high inflation was denting RBI’s credibility Some cement firms to approach Compat against Rs6,700 crore CCI penalty Even as cement firms have taken a cautious approach, real estate developers say the CCI judgement is encouraging for the entire construction ecosystem L T Technology Services Rs900 crore IPO to open on 12 September L&T Technology Services has fixed a price band of Rs850-860 per share Two independent valuations report must before sale of bad loan above Rs 50 crore: RBI to banks The revised norms may help banks clean their books as they have seen pile up of bad loans that have touched Rs 6.20 lakh crore. TVS Shriram Fund partly exits RBL with 30% IRR RBL Bank, which was listed on Wednesday has given good exits for the private equity investors, who have stayed in the Bank for nearly six years.TVS Shriram Growth Fund sold 2,637,611 shares at Rs 289.57 a share, which translates to Rs 76.37 crore in Indian Postal Bank would be a game changer for the Banking Financial system in the country: Secretary, DFS Indian Postal Bank would be a game changer for the Banking & Financial system in the country: Secretary, DFS RBI allows banks to sell stressed assets to NBFCs, other lenders RBI guidelines issued Thursday asks banks to frame clear policies for cleaning up their balance sheets of Rs6.3 trillion in bad loans Amazon taps $1 billion focus group by streaming shows on Twitch The move highlights how Twitch can potentially be used to advantage against video-streaming rival Netflix, giving Amazon a vast audience on which to test new shows PE firm Gaja Capital begins talks to exit John Distilleries John Distilleries and its investor are evaluating both an IPO and a secondary share sale to private equity funds and investors Government plans single policy for retail, FMCG and e-commerce Amitabh Kant said that the government was encouraging domestic entrepreneurs but with foreign players coming in there would be a healthy competition. Telcos get Jio blues, lose Rs 16997 crore Telcos get Jio blues, lose Rs 16,997 crore - Telecom stocks were massively hit as Mukesh Ambani read out R-Jio plans. Rs 16,997 crore from their market valuation was wiped off on Thursday. Eat That! None of the 400 Iyengar bakeries in Mumbai are original All of Mumbai's Bangalore Iyengar bakeries are in trouble. The original owners from Bengaluru tell mid-day they are applying for a patent to safeguard their brand name 'Iyengar Bakery' and signature dishes. fake iyengar bakeries, Mumbai bakeries, Bengaluru bakery, Iyengar family in Bangalore, Sridhar Iyengar, Mumbai news How mobile will define digital payments Security concerns are a stumbling block to widespread adoption Food minister Ram Vilas Paswan says retail prices of pulses will fall soon Paswan said that farmers have started approaching him to get them out of the distress situation. "The government will buy pulses from farmers. Consumers purchasing online more frequently: Report Payments through smartphones in India is at 25 per cent - higher than the global average of 12 per cent - and is in sync with China's average Jio to offer zero roaming charges, free voice calls Mukesh Ambani's Reliance Industries Limited is all set for the official launch of their mobile network, Jio, on September 5. According to Reuters, the ambitious project could make Reliance the mos Yahoo unveils new mobile ad format in India Yahoo on Thursday announced the availability of "Yahoo Tiles" -- a new mobile ad format to reach users through engaging, interactive content -- in India. Jio 4G: low data tariff, free voice up profitability issue The startling Reliance Jio announcement of zero tariff for domestic voice calls in perpetuity, with sharply lower data rates, has aroused questions about the revenue model and profitability of the new player. “Customers should pay for only one service, either voice or data. Not both. The world over operators charge for only data while voice Indian IT, telecom companies taking measures against fraud, bribery, corruption: Report A recent EY report states that large Indian companies varying from IT, telecom, retail, e-commerce and private equity firms are taking measures to tackle fraud, bribery and corruption. Reliance Jio takes its initial steps towards a Digital India; data is taking over telecom A nation of a billion plus people needs infrastructure. And if there are over a billion people in this nation, there would be a higher number of conversations. Is Mukesh Ambani's Reliance Jio the Nirma moment for Indian telecom industry? The potential disruption Reliance Jio could bring to India’s telecom market, which already has the world’s cheapest voice tariffs, may be multiple times bigger than what Nirma did for its competitors Reliance Jio 4G launch: Mukesh Ambani says all voice calls will be free on Jio, data at Rs 50 per GB Mukesh Ambani sets Reliance Jio target of 100 million customers in shortest possible time. Finally, Samsung takes the call of Indian jugaad The 'S Bike mode' was introduced in the company's Galaxy J3 model, which sends a pre-recorded message to the caller while a biker is riding, and allows them to take only important calls. FMCG industry will have to rethink its business model: PepsiCo India chairman D Shivakumar Most innovation in FMCG will have to be focused on the younger, time-starved consumer, Shivakumar said. Reliance Jio parks Rs 5000 crore fund for country's startups The New Indian Express Reliance Jio parks Rs 5000 crore fund for country's startupsMUMBAI: Reliance Jio has set up a Rs 5,000 crore venture capital fund to help young entrepreneurs in the country build their business. Speaking at Reliance Industries' 42nd annual general meeting, chairman Mukesh Ambani said Reliance Jio's aim is to ...sp; Indian tech firms increase presence in Africa : Reach Nairobi to scout for deals Over 300 tech companies and 2,000 conference participants are in Nairobi for the three-day Indo-Africa ICT Expo. Why are Indian infotech firms losing steam? Judging by their April-June earnings, the confident commentary by IT firms Infosys, TCS, Wipro and others appears to have been misplaced even as more pain seems to be in store Infosys partners Huawei for financial cloud solution With an aim to enable banks globally to accelerate digital transformation while keeping technology costs under control, Infosys Finacle and Huawei on Thursday announced they are making Finacle Universal Banking Solution Suite available on Huawei's FusionCloud-based platform. 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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