Here are the India Business News Headlines 29th September 2017:
- Apple has written to Trai to discuss suggestions regarding DND app, which Apple had refused to have on its app store due to privacy issues. DND app allows users to report directly to Trai pesky calls and unsolicited messages from telemarketers. The matter has been lingering on for over a year.
- Video-streaming platform HOOQ has entered subscription over-the-top market. Priced at Rs 89 a month, HOOQ aims to capture the mass market through its “best of Hollywood proposition”.
- Hershey Company, fourth-largest confectioner maker in the world, is stepping up its presence in India by introducing some of its global brands and increasing manufacturing base in India.
- UDAN flights: Govt has allowed airlines to use bigger planes and eased out rules on connecting flights. Airlines can now make an UDAN destination part of a connecting flight which will make it easier to integrate regional aviation routes into their overall operations.
- Myntra has won rights to Esprit’s offline stores in India and also sell its products exclusively on its online marketplace. Myntra will manage around 15 offline stores of Esprit across India over the next five years. Myntra had earlier bagged a similar deal from Spanish fashion brand Mango.
- Homeshop18 has entered into an agreement with Shop CJ to combine the businesses of both entities. Under the merger deal, Shop CJ will be issued 25% equity in HomeShop18.
- National Stock exchange has asked about 200 listed companies to consider whether the MCA disqualified Directors should continue to be on their board. Most of the companies are small and defunt, but many of them share Directors with some big firms.
- After winning IPL rights just a few weeks ago, Star India is laying off in distribution and some other functions. Total exits during this month are about 100 employees including a few top level executives from adsales and revenue strategy teams.
- Airtel and Idea have moved High Court to get a stay on Trai decision to reduce IUC. Trai has plans to reduce IUC to 6p/min from current 14/p from 1st October.
*News as published in Business Standard, Live Mint and Economic Times.