India business news headlines 19th March 2019

Please follow and like us:

India business news headlines 19th March 2019

L&T has agreed to buy V.G. Siddhartha’s 20.32% stake in Mindtree for Rs.3,269 crore. It will buy an additional 15% in Mindtree from the open market and also launch an open offer for another 31%.

RCom has terminated the deal to sell its telecom assets to Reliance Jio as it did not receive approval from Trai.

Naresh Goyal has told the pilots of Jet Airways that he would need “a further short time” to finalize a rescue deal and would make it a top priority to settle delayed salary payments.

India business news headlines 19th March 2019

Canada’s Brookfield Asset Management has agreed to acquire four hotels and a land parcel from Hotel Leelaventure for Rs.3,950 crore. The properties of Delhi, Bengaluru, Chennai, and Udaipur are part of the deal, however, Mumbai hotel has been excluded.

Must Read: जानिए मनोहर पर्रिकर के बारें में कुछ खास बातें, जो उनको ज़िंदादिल इंसान बनाती हैं

RCom has paid Rs.462 Crores to Ericsson. Mukesh and Nita Ambani have reportedly helped him clear the dues. RCom owes a total Rs.571 crore to Ericsson, including a one-time settlement of ₹550 crores.

ED has informed the Delhi High Court that it has initiated investigations against Amazon and Flipkart for alleged violation of foreign exchange law.

Essar Steel update – NCLAT has given conditional approval to ArcelorMittal’s Rs.42,000 crore bid to take over Essar Steel.

Mastercard Inc. is concerned that India’s strict data localization rules could compromise its ability to detect frauds and money laundering in the domestic payments system.

Must Read: क्या होती है आचार संहिता, क्यों और कब इसे लागू किया जाता है

Hyundai and its subsidiary Kia have invested US$300 million in Ola to develop EV ecosystem.

Fortis case – Malvinder Singh has told the Supreme Court that he is confident of recovering Rs.6277 Crore loans and advances given to Gurinder Dhillion, the spiritual head of Radha Soami Satsang Beas.

Azim Premji’s two charities that hold his 56% stake in Wipro have been made partners in Wipro Ltd. This will allow the trusts to receive monetary gains from the shares. However, the two trusts have stayed away from voting on any resolutions pertaining to Wipro and also can not nominate any members on the company board.

Must Read: The Sad demise of Manohar Parrikar- Facts, Life Achievements, and Awards

For more articles like ‘India business news headlines 19th March 2019’, do follow us on Facebook, Twitter, 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.
× How can I help you?