Read the latest India business news 14th December 2018:
– Supreme Court has refused to allow Reliance Communications the requested additional two weeks to clear Ericsson dues of Rs 5.5 billion. The deadline for the repayment ends on 15th December.
– Standard Chartered has reportedly laid off more than 200 retail banking employees in India.
– True North is in advance talks to buy 80% in Max Bupa for around Rs.1400 Crores.
– As part of a leadership reorganization strategy, Walt Disney has appointed Uday Shankar, as Chairman, of Star and Disney India and President of The Walt Disney Co. Asia Pacific.
– Google has unveiled a new search experience in India. It will allow users to easily filter through offers/prices from multiple retailers. The experience is available across various Google products – The Shopping Homepage, the Shopping tab on Google Search and Google Lens. This could post a serious threat to e-com biggies.
– MobiKwik has appointed Sushant Kashyap as business head for the payment gateway and international business. Sushant was previously with Delhivery as senior VP – sales for over four years.
– YES Bank is planning to submit the final list of candidates for the position of MD & CEO to RBI after their next board meeting on 9th January.
– Binny Bansal is set to launch a new tech-backed firm called xto10x Technologies. The firm will offer consulting to growth-stage startups.
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– Government’s e-commerce platform GeM and Department of Industrial Policy and Promotion are developing a proof-of-concept corner for startups, where they will be able to list their services.
– Trai has revamped mobile number portability rules to make the process faster and simpler. It has prescribed 2 days timeline for port in similar service area and 4 days for outer circles. Each wrongful rejection of request will also attract a penalty of up to Rs.10,000.
– Mobiistar is ramping up its offline retail market presence and aims to be present in around 50000 retail points within the next two months.
– Amazon India has partnered with Federation of Indian Micro and Small & Medium Enterprises to educate MSMEs about online selling. They will conduct events and workshops across the country.
News credit: Livemint, Economic Times, Business Standard