From blast at Pakistan shrine to Modi hinting at more steps like demonetisation: 5 key developments

A list of five key developments from across the world

Business Standard brings you a list of five key developments from across the country.

Pakistan shrine bomb blast

At least 52 people, including women and children, were killed, and more than 100 others were injured on Saturday following a suicide bombing at a popular sufi shrine in Pakistan's restive Balochistan province. The attack Islamic State terror group claimed responsibility for the attack.

Modi hints at more action against black money

Prime Minister Narendra Modi on Saturday asserted that those holding unaccounted money would not be spared. Addressing the Indian community in the Japanese city of Kobe, Modi said: “After the end of this scheme, there is no guarantee that something new will not be introduced to punish you (black money hoarders).”

 

HDFC Life-Max Life deal faces Irdai hurdle

The Insurance Regulatory and Development Authority of India (Irdai) has expressed reservations about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life. Sources said the regulator’s concerns were around Section 35 of the Insurance Act 1938, which specifies norms for merger of insurance companies.

Will impose tariffs on US firms relocating jobs: Trump

In his first interview since his election earlier this week, US President-elect Donald Trump said he would create jobs through nationwide infrastructure projects and improved international trade deals. He also said he would preserve American jobs by potentially imposing tariffs on products of US companies that relocated overseas, thereby reducing the incentive to move plants abroad.

IiAS suggests changes in Tata group

Proxy advisory firm Institutional Investor Advisory Services (IiAS) has suggested some structural changes to the ownership and management of three key arms of the $100-billion Tata Group — the trusts, the holding company and the operating companies.