India business news headlines 11th March 2019

India business news headlines 11th March 2019

  • Jet Airways has secured fresh credit facilities of Rs.2,050 crores from PNB. The airlines has raised foreign currency term loans worth Rs.1,100 crores and a non-fund based credit facility of Rs.950 crores.
  • Hyderabad based pharmaceutical firm Suven Life Sciences shall be setting up a wholly owned subsidiary in the US to focus on contract research and manufacturing services and shall initially invest Rs.525 Crores.

India business news headlines 11th March 2019

  • A panel set up by IRDAI has suggested many steps for speedy settlement of insurance claims as also to attract youngsters. IRDAI will work on the report submitted by the panel.
  • Due to the new FDI norms, Amazon has dropped a lot of products from its Global store in India. The site earlier had around 6 million products while last month the number dropped to about 6000 products.

Also read: India startup world news monthly roundup for February 2019

  • Rajiv Bansal, former Infosys CFO, is joining DXC Technology as senior VP. Bansal had won an arbitration award against Infosys for severance fee.
  • Rakesh Sharma, MD & CEO of IDBI has been proposed to be re-appointed for the next three years.
  • Tencent and General Atlantic have infused a fresh funding of around Rs.80 Crores in Byju’s.

More India business news headlines 11th March 2019

  • Geodesic Ltd., which acquired ‘Chandamama’ Magazine in 2007, is being probed for allegedly stashing funds in the Swiss bank. Geodesic was once known as a fast-growing company with cutting-edge technology solutions.
  • As per Preqin, the alternative assets data tracker, India-based PE and VC fund managers were holding around $28 billion in assets under management as of June 2018.
  • Reliance Capital has initiated discussions with global investors for selling a stake of 42.88 per cent in Reliance Nippon.
  • As per a report of consultancy firm Bain and Co., PE and VC backed exits have surged in the past two years, doubling to $31.8 billion in 2018.

Must Read:  Ways to deal with difficult colleagues

Do Read: Ways to keep the Office Environment Positive

To stay updated every day with articles like India business news headlines 11th March 201,  do follow us on FacebookTwitter, and Instagram.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 All rights reserved.