Compensation to customers for call drops mandated in 2015 is one of the several regulator initiatives likely in 2016 (Courtesy: PwC)
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There are certain investment products which distributors and individual advisors deliberately keep them away from investors as because the earnings for them is low. If asked about them, the seller plays it down so that investors do not invest in them or the advisor doesn’t deal in those products and hence do not recommend such products.
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Mark Zuckerberg, the co-founder and chief executive of Facebook, announced on Tuesday (November 02) that he and his wife Priscilla Chan would give 99 per cent of their Facebook shares “during our lives”. Mr Zuckerberg said the donation currently amounts to $45 billion. The pledge was made in an open letter to their new-born daughter, Max, who was born about a week ago. Mr Zuckerberg’s charitable plans are not new when it comes to growing interest in philanthropy among powerful billionaires. Here is a list of five other billionaires who like Zuckerberg are committed to improving the lives of millions.
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The comeback of Maggi might have struck an emotional chord amongst its loyal consumers, but the market leader still has to get back the consumers it lost to its competitors during it’s absence in the shelves for five months. Instant noodles are a Rs 5,300 crore market in India according to Euromonitor, with market leader Maggi from Nestle India enjoyed a 63 per cent share. Given the quality problems Maggi has lately been facing, the launch timing may be just right for Patanjali Atta noodles and Indonesia’s Joymee, whereas the existent players – ITC’s Yippie and Wai Wai that reigned the noodle market for five months are the ones to watch out for Nestle.
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