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

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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 Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). 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. 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. The Real Deal with Email and What TradeBriefs does right So, here Cash crunch: Bank officials resort to rationing of notes With limited cash available at branches, bankers say that officials at branches are optimising the distribution of cash depending upon the need. Cardmakers' order books swell on government, RBI push for debit and credit cards While bigger banks are driving the major demand, even smaller co-operative banks have placed orders for plastic cards. 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 Paytm to split wallet, e-commerce businesses Firm to transfer Paytm e-wallet to its payments bank unit, which will handle all of its payments businesses More decentralization and more democracy Decentralization is not merely for local governments, it also extends to greater flexibility for states How to account for extinguished notes Reduce the central bank 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 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 here are several advantages to doing an SIP when it comes to investing in mutual funds, especially in those that invest in the stock market (equity mutual funds) There are good times and bad times but SoftBank is always there: Masayoshi Son SoftBank chairman Masayoshi Son remains bullish on India Amicus Capital raises Rs600 crore, eyes portfolio mix of 10-12 firms Amicus Capital Partners, a Bangalore-based mid-market focussed private equity firm launched last year, has marked the first close for its maiden fund, a person privy to the development told VCCircle. As first reported by VCCircle, Amicus was aiming at a $200 million corpus in its first outing and is sticking to the same. It has now made the first close at $90 million level or just under mid-way mark. Digital payments push: Single UPI platform in offing for banks UPI is an indigenously developed platform by National Payments Corporation of India (NPCI) and set up with the support of the Reserve Bank and Indian Banks Association (IBA). Finance ministry to initiate action against more bankers Toll Collection Resumes In B'luru | I-T Dept Widens Probe Into Seizure Of Unaccounted For Cash From Govt Officials 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 MUMBAI — In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud." Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Philippine Stock Exchange (PSE) Index, inflation, interest, market prices and economic analysis. How Baidu intends to give Google tough competition in India this coming year Tim Yang, Country Head, India, looks at India as a market of plentiful opportunity. YourStory caught up with Yang when he was in Bengaluru for the GMIC conference, where he spoke at length of Baidu Fallen smartphone brand Nokia challenges Apple and Samsung again Nokia smartphones are poised for comeback after it licensed the brand from Microsoft and struck partnerships with Google and Foxconn. 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 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 Phishing websites created by cybercriminals spoofed 26 Indian banks in order to steal personal information Trump warns of 35% tax on firms outsourcing jobs abroad US President-elect Donald Trump today warned of imposing a whopping tax of 35 per cent on products made by such companies that outsource jobs to other coun Can smart manufacturing disrupt SMEs? CHENNAI: The emerging trend of smart manufacturing will be highly disruptive to Small and Medium Enterprises (SMEs) in the manufacturing sector, especially for those focused on the local market, concluded the deliberations made in a workshop on smart manufacturing organised by the Indian Institute of Information Technology Design and Manufacturing (IIITDM) Kancheepuram. Will WhatsApp stop working on millions of smartphones by year end? WhatsApp, with more than one billion monthly users, was phasing out compatibility with older phones in a technology upgrade. How is technology erasing history? Contemporary Hindi poet Manglesh Dabral on aggressive nationalism, returning the Sahitya Akademi award last year, and his altered relationship with his hometown in Tehri Garhwal. How Blockchain technology can improve your IT career? Blockchain technology is poised to see a wide adoption by 2017, claims Sapient.Diksha Gupta, TechGig.comBlockchain technology is the talk of tech town. Although Are Netflix and Amazon Prime Video losing to desi players in the Indian video streaming market? While Netflix and Amazon Video have been at war globally, Indian players seem to be surging ahead with customisations tailored for the Indian market Google India posts 44% rise in revenues at Rs 5904 crore in FY16, grabs major chunk of digital ad market India operations post 44% rise in revenues at Rs 5,904 cr in FY16 as the internet giant grabs a major chunk of digital ad market. Apple in talks with government on opening offiline stores in India Senior company officials will meet with DIPP Secretary this week InFocus to launch Aadhaar-enabled smartphone using iris scanner Priced at under Rs 12,000, the device will be made available early next year ISRO to launch remote sensing satellite on Dec 7 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 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India