Latest India Business News 11th June 2019 – Tentaran

Latest India Business News 11th June 2019
  • Salesforce. com has decided to buy big data firm Tableau Software for $15.3 billion. This will be the biggest acquisition in the company’s history. Tableau is said to have more than 86,000 customers, including Verizon Communications Inc and Netflix.
  • Air India could post over Rs.7,600 crores loss in 2018-19, its highest so far. Reportedly, Air India’s total revenue in the fy 18-19 stood close to ₹26,000 crores.
  • Ministry of Corporate affairs has filed applications at NCLT to debar Deloitte and BSR Associates from auditing for five years. The two firms were auditing the accounts of IL&FS.

Latest India Business News 11th June 2019

  • After approval from NCLT, JSW has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.
  • Promoters of Dewan Housing are said to be in discussions with PE investor Apollo Global to sell a big stake.

Read: Top 10 Delhi University Colleges

  • Jet Airways update –  Hinduja Group has decided to halt negotiations for stock buying in Jet Airways. Etihad Airways has also put on hold its plan to add more investments in the airline.
  • Aditya Birla Fashion has acquired Jaypore, ethnic apparel and lifestyle retailer, for ₹110 crores.
  • Donald Trump has said that even though India has reduced import tariff on American motorcycles from 100 to 50 percent, it’s still too high and unacceptable.
  • Oyo is said to be in talks to raise fresh funding at an expected valuation of $10 Billion.
  • OkCredit, a loan startup, has raised $15.5 Million in a series A round of funding led by Tiger Global. The firm offers solutions to small businesses for transiting from paper to digital.
  • ITC Group has said that they have not made any offer to buy assets of Hotel LeelaVenture.

Must Read: #YogaDay2019: Modi’s Yoga Lessons on Yoga Day or International Day of Yoga

  • Tata Capital has decided to exercise its call options and redeem cumulative redeemable preference shares worth ₹500 crores. CRPS is a hybrid instrument, wherein investors get a fixed rate of dividend every year.
  • IL&FS – After an order from NCLT, the board of IL&FS has extended the deadline for submission of claims to June 20.
  • Edelweiss group is acquiring two annuity road assets from the Navayuga Group for around $150 million.
  • Bharti Airtel has agreed to pay $26 million over five years and cancel the debt to resolve a dispute over ownership of its Airtel Tanzania unit.
  • IndiGo has announced daily non-stop flights on the Kolkata-Hong Kong route from August 20, 2019.

For more articles like, ‘Latest India Business News 11th June 2019’ do follow us on FacebookTwitter, 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. 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.