Demonetization crashes Market, Tata-Cyrus battle, Kingfisher Airlines Winding Up- Weekly Digest #23

Monday- 14th November 2016 IRDA (Insurance Regulatory and Development Authority) has raised its concerns over proposed merger of Max Financial Services and Max Life into HDFC Life as it may not be in the lines with the act. The Insurance Act does not permit the merger between an insurance company and a financial services company. The Indian unit …