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

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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 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). 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 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. HSBC profit jumps more than estimated as bank announces buyback HSBC Holdings reports a bigger-than-estimated jump in second-quarter profit and announces it will buy back as much as $2 billion of stock SoftBank’s Masayoshi Son is said to plan direct offer for Charter 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 We see big potential in India's digitisation journey: Alok Ohrie We are the single point of contact for customers looking to embark on a digital transformation journey. Facebook shares could reach $200 apiece in a year Facebook shares could rise 16% to $200 within a year as the company’s profits ramp up and it expands its reach in video advertising, says ‘Barron’s’ report 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 KKR will lend about Rs350-400 crore to Sandeep Reddy, who is negotiating with Peepul Capital’s global investors to buy out Medall Healthcare 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 Investment firm SSG Capital will have to wait for the insolvency professional to come up with a debt resolution plan for Bhushan Steel 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 Ravi Venkatesan said there is a huge opportunity to use advances in digital and machine learning Sebi penalises 12 entities in Safari Industries case The latest ruling, passed on 28 July, comes after the Securities Appellate Tribunal (SAT) had twice directed Sebi to pass ‘fresh order on merits’ against the 12 entities Nepal’s CG Corp launches $100 million VC fund to invest in start-ups in India Nepal-based CG Corp. Global, along with three other partners, launches a $100 million venture capital fund to invest in start-ups in India, Sri Lanka, Bangladesh and Nepal 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 India’s retail sector likely to get a shot in the arm soon - A surge in economic activity in India’s retail sector is bound to be observed with Walmart’s expansion. 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 Jio.com 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 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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