India business news headlines 31st January 2019

India business news headlines 31st January 2019

India business news headlines 31th January 2019

  • ICICI Bank has sacked Chanda Kochhar after Srikrishna panel found that she breached bank’s code of conduct.
  • MCA has taken a very serious note of allegations of financial mismanagement against Dewan Housing Finance by Cobrapost and is likely to start a probe into this.
  • Reportedly, the government will continue to give financial support to Air India until the divestment process is complete.

Must Read: How to turn your passion into a business?

  • NCLT has approved the resolution plan of US-based Tri-County Premier for the acquisition of debt-ridden Bhilai Scan and Research Diagnostics for Rs.67 Crores.
  • SBI is finding it easier to negotiate the return of loans taken by the firms as the companies do not want to be referred to NCLT for insolvency proceedings.
  • Air India SATS has appointed Ramanathan Rajamani as CEO. He will succeed Mike Chew, who’s been the CEO since October 2015.
  • Yes Bank is likely to nominate Shagun Kapur Gogia, daughter of Madhu Kapur on its Board. Madhu had been fighting for a seat for Shagun on the Board since the death of her husband Ashok Kapur.
  • Zomato is in advanced discussions to sell its UAE Business to Delivery Hero, a Berlin-based food delivery major, for around $200-250 million.
  • OnePlus has said that it does not have any exclusive agreement with Amazon and the current arrangement of selling exclusively on Amazon is only a strategic choice of the firm.

Must Read: Ten most developed cities in India

  • Zydus Wellness has completed acquisition of Heinz India’s consumer wellness business, acquired for Rs.4,595 Crores. The acquisition includes some popular brands like Glucon D and Complan.
  • Investcorp has started India operations with the acquisition of IDFC Alternatives. Investcorp has combined assets under management of USD 430 million.
  • National Restaurant Association of India, representing around 100,000 restaurants, has asked the government for clarification on the compliance of new FDI rules by online delivery firms like Swiggy and Zomato. The rules prohibit these platforms to influence prices and inventory based operating models.
  • As per top media buyers, advertisers are expected to spend over Rs.2000 Crores during IPL.
  • To attract more investors in REITs (real estate investment trusts) and InvITs (infrastructure investment trusts), Sebi has proposed to reduce the lot size for trade drastically. The proposal is to reduce the lot size to between Rs.15-20,000 from earlier lot size of Rs.10 Lakh for InvITs and Rs.2 Lakhs for REITs.
  • Hindon airport in Ghaziabad is likely to be operational by March 2019 for UDAN flights.

Must Read: The Most Expensive Heritage Hotels in India

Recommended Reading: The legend of Parashurama Avatar of Lord Vishnu

Do share your feedback on India business news headlines 31st January 2019. For more updates, do Subscribe to our newsletter and follow us on FacebookTwitter and Google+

News credit: Livemint, Economic Times, Business Standard

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. The usage of the content and images on this website is intended to promote the works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2018 Tentaran.com. All rights reserved.