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

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Sree Vijaykumar
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

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Why is India trying to kill off the industry of domestic hedge funds?

By contrast, equity investment in India by overseas financial investors is upward of $400 billion




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Exports shrink as global tariff war takes toll on Indian trade

Exports contract for first time in 9 months in June as US-China tariff war affects shipments.



India: NIIF likely to invest $100m in Multiples PE's third fund

The deal is at a very early stage and both parties are evaluating and discussing the investment terms



Will protectionism help govt’s ‘Make in India’ plan?

Govt’s bid to hike tariffs on various goods, especially industrial supplies, to boost local production may impact the domestic industries using them as inputs



Do you know how to take a loan by pledging gold? This may help you

Sure, any home loan lender will consider your case for a home loan. However, if the fair market value (FMV) of the flat is higher than the sale price of Rs 30 lakh, you may still have to pay the stamp duty on the higher FMV.



Opinion | India’s cautious adoption of behavioural economics

It would appear it’s no longer a question of when to start using nudges as part of policy, but where



Byju’s valuation soars by $2 billion since start of latest funding round

Byju’s first raised funds in Series F round in Dec at a $3.5 bn valuation. In July, it raised $86 mn more at a $5.5 bn valuation.Its expansion into grades I-III and entry into the US market have contributed to the valuation jump, investors said



A cargo of cash from private equity investors puts logistics in high gear

According to Venture Intelligence data, nearly $896 million was invested by PEs during the first half of 2019 across 16 deals, as against $682 million across 18 deals a year ago



How RuPay aids govt’s financial inclusion thrust

India’s first and only card payment scheme RuPay grew rapidly in the last three years, capturing over half the market and leaving behind global giants in the payments space.Mint looks at RuPay’s journey so far and what is holding it back from becoming an international player



DHFL auditors seek more info on financials

The auditors have sought additional information on the company's financials under Section 143 of the Companies Act, 2013.



100-day plan of Modi 2.0: Strategic sales, simplifying GST slabs, credit to MSMEs

Finance ministry may simplify GST rates by doing away with the two top rates of 18% and 28%.



Raghuram Rajan joins chorus of opposition against government's overseas debt plan

The ex-RBI chair questioned the government’s argument that raising part of its gross borrowing from overseas markets would ensure enough domestic credit for the private sector.



RBI slaps Rs 7 crore penalty on SBI for violating various norms

The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank, the RBI said.



March quarter sees lowest number of PE deals in five years

A report from VC Circle’s VCCEdge platform reveals a steep decline in deals activity which indicates caution on the part of investors.



Budget 2019: Nirmala Sitharaman’s sops for NBFCs to boost their access to capital, lending capacity to MSMEs

Union Budget 2019 India: Enhancing credit guarantee for portfolio purchases will improve the flow of funds to healthy NBFCs. This will help NBFCs provide unsecured lending to MSMEs that struggle for capital.



4 PE players set to infuse capital in YES Bank; announcement soon

The sources said the consortium leader may pick a 10 per cent stake in the bank.



Abu Dhabi’s $697 Billion Wealth Fund Is Hiring

(Bloomberg) -- In a world of diminishing returns, Abu Dhabi’s top sovereign wealth fund is hiring as it boosts active management of its estimated $697 billion portfolio.Abu Dhabi Investment Authority plans to "add a number of new positions, mostly within investment and research-focused roles"



Greenko Energy raises $329 mn more from GIC, ADIA

Renewable energy major Greenko Energy Holdings has raised an additional $329 million (Rs 2,255 crore) from existing investors



Carlyle raises $3.1 bn for maiden credit fund

The Carlyle Group has raised $3.1 billion for its debut credit fund, joining peers such as Blackstone and KKR in chasing opportunities



Consumer finance focus can bring SoftBank to Piramal

Piramal Capital was looking to raise funds via ECB route to ease liquidity pressure, ET had reported.



DHFL collateral is worth just Rs 500 crore against Rs 40,000 crore lent by banks

DHFL has already started trimming down its group's businesses to save itself. As far as the sale of non-core assets is concerned, DHFL has divested 9.15 per cent stake in Aadhar Housing for Rs 205 crore to private equity player Blackstone



RBI’s creditor pact rule chokes lenders to sticky assets

Lending is dominated by intercreditor issues pertaining to charge and security particulars. Resolution skillsets and approach to resolution, too, vary across public and private sectors and foreign banks.



Don’t Allow Public Sector Banks To Wither Away, Says YV Reddy

The government must decide on the share of banking that should be retained in the public sector, says YV Reddy.



Blackstone is acquiring mobile ad company Vungle

Vungle founder Zain Jaffer filed a lawsuit today accusing the mobile advertising company of wrongfully terminating him from the role of CEO. The lawsuit cites a section of the California labor code that it says “expressly and specifically prohibits discrimination and retaliation by employers …



Government plans public WiFi interoperability

Under the National Digital Communications Policy 2018, the government has targeted to enable deployment of five million public WiFi hotspots by 2020 and 10 million by 2022.



Vodafone Idea now giving extra free data with select prepaid plans: You should thank Airtel

Vodafone has revised two of its popular prepaid plans with regards to benefits. The updated plans now offer greater data benefit than before.



Reliance Jio partners GSMA to reduce gender gap in digital adoption

Under the collaboration, Jio and GSMA will work towards empowering more women with increased access to, and use of, life-enhancing digital servi..



China's Xiaomi continues chip strategy revamp with investment in semiconductor designer

The investment comes as the government identifies chips as one of several sectors in which it wants the country to become more self-reliant under its ..



Realme in talks with LFRs like Reliance Retail, Croma to grow offline handset business

Chinese handset maker Realme is aggressively expanding its offline presence in the country, and is in the process of signing fresh agreements with lea..



How Samsung may be earning $80 on every OnePlus 7 Pro smartphone

OnePlus 7 Pro smartphone boasts of some of the best specifications found in Android devices. This includes 7.6-inch AMOLED display with a refresh rate



iPhone XR selling for Rs 49,999 in Amazon Prime Day sale seems bargain of the year: Should you buy it?

The Apple iPhone XR is now starting at a special discounted price of Rs 49,999 in the Amazon Prime Day Sale. This is probably the cheapest the iPhone XR will get this year. Is it a sensible buy now?



Use Indian IPR to ensure telecom network security: Trade group

The Delhi-based commerce union believes that India should buy ‘made in India’ telecom gear due to strategic reasons.



PMO panel seeks multinational companies' inputs on making India electronics hub

However, Chinese companies such as Xiaomi, Oppo, Vivo and Huawei, which have captured over half of Indias smartphone market, were not part of the export panel meeting.



Telecom talks: Airtel loses rural subscribers, Jio sees a rise

Jio's rural base during the same period rose from 35.87% in December end to 37.92% in March end.



FSSAI issues 'red' alert on products with high fat, sugar, salt content; FMCG industry unhappy

India's fast-moving consumer good (FMCG) industry is unhappy with the new draft labelling regulations issued by the Food Safety and Standards Authority of India (FSSAI).Get latest Retail online at cnbctv18.com



Winning over the new-age consumer

Technology has completely disrupted shopping experiences. Know more about this in the 15th episode of HT Brand Studio Live on July 16



How brands leverage consumer engagement brand advocates

Brand leaders share insights on how to create an impactful consumer connect through brand advocates



In India, Amazon Prime Day is turning into another battle with Walmart

Amazon Prime Day may be a dominant force in the United States, but in India, the online retail giant has a big rival to contend with during its massive annual sale.



Despite Indias absence, nail-biting World Cup final helps Hotstar score

Hotstar registered a massive 25.3 million concurrent viewers for the India versus New Zealand semi-final match.Despite its home team losing to New Zealand in the semi-finals, Indians seem to have watched the match in hordes



Shiprocket launches Early COD feature for Small Businesses in India

The new feature enables Shiprocket sellers to receive COD remittance on a daily basis and unlock their locked-in capital.



How Amazon is Building its Own Loyalty Program with Prime Day?

Last year's Prime Day witnessed over 100 million shipments by more than 89 million visitors taking part in the 36-hour shopping fiesta.



Retailers cash in on Amazon's 'free marketing' on Prime Day

Walmart Inc, Target Corp and eBay Inc all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to t..



Mukesh Ambani launches ecommerce portal for neighbourhood shops

Mukesh Ambani’s Reliance Jio has launched an e-commerce portal for neighbourhood shops to sell them groceries at lower prices. Amazon’s Prime Day sale and



Abu Dhabi firm invests in Indian online grocery start-up

Abu Dhabi Capital Group unit invests just under $10m in Indian online grocery start-up Grofers



Grofers pumps additional capital in Series F round even as BigBasket, Amazon, Flipkart heats up competition

SoftBank-backed online grocery venture Grofers, which announced $200 million in Series F round in May this year, has added modest $10 million to the existing round from Abu Dhabi-based Capital Investment LLC.



The Invisible Change Coming To Online Shopping

Entersekt's Vice President of Products Simon Armstrong shares about the new EMVCo standard, and why merchants who employ it could see revenue gains.



Amway, Oriflame Products Not To Be Sold Online Without Authorisation: Delhi HC

Ecommerce players will have to get direct selling companies authorisation to sell their products online. Direct selling companies include companies such as Amway, Oriflame and Avon among others.



After Mumbai, Bengaluru; Delhi courier terminals stop clearing 'gift' parcels

India currently allows individuals to receive free samples and gifts up to Rs 5,000 in value via courier without paying any duties



PayU’s India arm undergoes a leadership transition, to soon name replacements

In January, Amrish Rau stepped down as India CEO of PayU to take up a broader role within Naspers Fintech. Both, Gupta and Rau had joined from Citrus ..



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