Latest India Business News 11th September 2019 – Tentaran

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Read Latest India Business News 11th September 2019:

  • Tata Group shall invest Rs.300 crores to set up Indian Institute of Skills in partnership with the ministry of skills development and entrepreneurship which will provide the land.
  • Essel group received some money from its stake sale in Zee Entertainment Enterprises and has reportedly repaid Rs.3,356 crores to MFs. Essel owes around Rs.7,500 crore to creditors.

latest india business news 11th september

  • Daimler, the German auto major, is making its Chennai plant a global export hub to serve its Latin American markets from 2022. The plant manufactures buses and trucks.
  • IL&FS has said to have received 14 binding financial bids worth around Rs.13,000 crores for 10 of its road assets in India.
  • The board of Aditya Birla Capital has given the approval to raise Rs.2,100 crores equity capital, to fund the firm’s business growth.

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Latest India Business News 11th September 2019

  • CG Power CEO K.N. Neelkant has quit from all its subsidiaries of the company amid mounting pressure from the investors for his ouster for alleged irregularities.
  • BSNL and MTNL staff working in DoT offices without approval is to be recalled. DoT has said that it will not accept any claims raised by their staff working in DoT offices without proper approval.
  • InMobi has said that PayPal co-founder Peter Thiel’s Mithril Capital has invested $45 million in its content platform Glance, an AI-powered platform to deliver ad-free, personalized content to the lock screens of smartphones.
  • PhonePe and Google Pay will have to limit market share under new NPCI rules. NPCI is set to introduce new guidelines for digital payment companies to minimize concentration and systemic risks in UPI.
  • The labour ministry has proposed that EPFO should gain the first right to assets of a company going bankrupt.
  • Steadview Capital Hedge fund is reportedly in talks to lead a $50 million funding round in Vogo, a two-wheeler rental startup.

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Latest India Business News 11th September 2019

  • Boris Johnson, UK Prime Minister, has announced the return of 2-year post-study work visa for international students. This means that the students will be able to stay in the UK for two years to find work instead of currently allowed period of 4-6 months. The move is likely to impact thousands of Indian students.
  • Crisil has downgraded ratings of Indiabulls Housing Finance and Lakshi Vilas Bank.
  • As per a survey by McAfee, over 40 percent of Indians think that they could get fired for writing/sharing controversial content on their social media channels.
  • NCLAT has refused to interfere in the ongoing insolvency proceedings against Thiru Arooran Sugars. NCLT was moved by SBI for dues of Rs.149.36 crores.
  • Paytm is said to be in discussions with Yes Bank to pick up a minority stake in Yes Bank from its co-founder Rana Kapoor.
  • Honda has tied up with Orix to provide car leasing services.
  • Amazon India is working on to get more brands to advertise on its website and app and is looking to go head-on-head with Facebook and Google for revenue from ad sales this festive season.

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