India business news headlines 7th March 2019

India business news headlines 7th March 2019

  • The government has doubled the income tax exemption limit on gratuity to Rs.20 Lakh.
  • Directorate General of Anti Profiteering has found that Abbott Healthcare did not pass on the GST benefits to customers to the tune of Rs.96.59 Lakhs.

India business news headlines 7th March 2019

Must Read: The magnificent Film shooting locations in Uttarakhand

  • Zinier, a field service automation solutions provider, has raised around Rs.154 Crores in a series B round of funding from Accel, Founders Fund, NGP Capital and others.
  • Jet Airways officers and employees association has accused it of removing workers clandestinely citing operations reasons. Around 250 officers and employees held a protest at the airlines HO.
  • Grasim Industries has entered into a definitive agreement to acquire 100% stake of Soktas India for Rs.165 crores. The acquisition is part of Grasim’s business strategy to strengthen its presence in the premium fabric market.
  • True North is seeking more investment opportunities in the life and general insurance sectors. The PE firm bought a controlling stake in Max Bupa last week.
  • Qiming Venture Partners, a Chinese venture capital firm, is reportedly set to lead a $15-20 million Series B round of funding in Pratilipi.

Must Read: Are you cut out for working in a startup?

  • CBDT has said that the relief for startups facing tax demands for selling shares at a premium to their fair market value will be effective from the 19 February 2019.
  • Mukesh Ambani led Reliance Industries may reportedly make its e-commerce debut with Diwali.
  • ICICI-Videocon loan case – The Enforcement Directorate has reportedly so far established that Chanda Kochhar and her family received Rs.500 crores as kickbacks.
  • Dentsu Aegis Network has elevated its current chairman and CEO – South Asia, Ashish Bhasin, to CEO -Dentsu Aegis Network Greater South. Bhasin will oversee business across India, Bangladesh, Sri Lanka, Thailand, Indonesia, Myanmar, Vietnam, Philippines, and Malaysia.
  • Van Heusen has appointed Jacqueline Fernandez as the face of its Women Handbags segment.

Must Read: Ways to keep the Office Environment Positive

For more articles like ‘India business news headlines 7th March 2019, follow us on FacebookTwitter and Google+

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Your email address will not be published.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.