Latest India Business News 10th September 2019 – Tentaran

Read Latest India Business News 10th September 2019:

  • As per a study by Assocham-Crisil, defaults by IL&FS last year led to dips in investor confidence for lending to non-banks. A slowdown in commercial paper issuances for non-banks was also witnessed.
  • HCL Technologies has acquired Sankalp Semiconductor for around Rs 180 crores. Sankalp is an advanced techn design services provider in the semiconductor space

latest india business news 10th september

  • DSP Mutual funds have recovered their entire due of Rs 150 crores from DHFL. DHFL owes over Rs.1 trillion to various lenders, including banks and other MFs.
  • The Securities Appellate Tribunal nulled Sebi’s 2018 order barring Price Waterhouse from auditing any listed firm for two years and criticized Sebi for encroaching on the jurisdiction of ICAI. Sebi had barred PW for alleged involvement in Satyam Computers scam.
  • Advent International has signed a definitive agreement to acquire a majority stake in DFM Foods for nearly Rs 852 crores.

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Latest India Business News 10th September 2019

  • Sun Pharmaceutical now has a 100% stake in PJSC Biosintez after buying out the last 3.04%.
  • Chances of a late-stage revival of Jet Airways have faded further, as RA Creator may reportedly be disqualified as it did not provide enough information about itself to Jet Airways’ IR professional as also did not deposit the mandatory amount required to seek access to the airline’s data. This will leave South America’s Synergy Group as the sole suitor.
  • As per India Ratings and Research, commercial real estate loan portfolio of NBFCs could see the stress building up from January 2020 with around Rs.70,000 crores of these loans are coming up for staggered repayment.

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Latest India Business News 10th September 2019

  • Canada Pension Plan Investment Board has bought an 8 percent stake in Delhivery from an undisclosed existing investor for $115 million.
  • White-Hat Jr, an edtech startup, has raised $10 million in Series-A round of funding led by existing investors Nexus Venture Partners and Omidyar Network.
  • NCLT has asked SBI to not go ahead with its plans to sell overseas oil and gas assets of Videocon Industries as it might result in irreparable losses to the group.
  • Flipkart has reportedly taken nearly 27000 Kirana shops onboard for their upcoming festive event, ‘The Big Billion Days’.
  • The government is likely to infuse capital in BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation by the third week of September.

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