Latest India Business News 13th January 2020 – Tentaran

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Read Latest India Business News 13th January 2020:

  • Private equity funds raised $595 billion in 2019 globally.
  • Adani Gas sought perpetual loan worth $350 million from its promoters to finance its expansion.

latest india business news 13th january 2020

  • CCI is now going to authorise clearance to global M&As among technology companies entering the Indian market.
  • On Sunday, Reliance Home Finance said that an independent forensic audit which was mandated by lenders found no fraud, embezzlement or diversion of funds in the company which is seeking a debt resolution.
  • KEI Industries which is a housing wire and cable maker, is currently looking to raise ₹600 crore by selling shares to qualified institutional buyers.

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Latest India Business News 13th January 2020

  • Cityflo, a bus commuting startup is planning to raise funds from Lightbox, a venture capital firm.
  • The CEO of the Financial services firm Edelweiss, Rashesh Shah on Sunday said that the company has no relationship with Capstone Forex that is being investigated by the ED for foreign exchange rules violation.
  • BharatPe is currently in plans to hire over 75 engineers & project managers to expand its techno team and set up a tech hub in Delhi this year.
  • In a latest report by the American Health Regulator, Granules India is recalling over 2.3 crore ranitidine tablets from the US. These tablets are used to treat ulcers of stomach and intestines.
  • Lupin on Saturday said that they received two observations from the US Health Regulator following the inspection of its Nagpur manufacturing facility after a PAI which was carried out by the USFDA.

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Latest India Business News 13th January 2020

  • Yes Bank board approved ₹10000 crores of funding in one or more tranches like QIP  or any other private placement of equity or debt.
  • Lenders of Hindustan Construction (HCC) on Friday said that they were going to carve out about Rs.2,100 crore of debt on the construction firm to a third-party-controlled special purpose vehicle (SPV).
  • Zomato on Friday announced its secured fresh funding of $150 million from Ant Financial, a subsidiary of Alibaba.
  • PayU acquires a controlling stake in PaySense and all its assets at a valuation of $185 million.
  • Vodafone Idea board approved a proposal to modify the utilisation of its rights issue proceeds to use around ₹2,826 crores for repayment of loans and redemption of non-convertible debentures, including interest. This comes after the DoT granted a two-year moratorium on deferred payment liabilities towards spectrum dues.

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