Latest India Business News 14th January 2020 – Tentaran

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Read Latest India Business News 14th January 2020:

  • Walmart, that laid off 56 of its employees in Gurugram is currently having a relook at its brick and mortar business in India.
  • The CCI ordered an anti-trust probe against Amazon and Flipkart over allegations of exclusive launches of mobile phones, preferred sellers on platforms, deep discounting and preferential promotion of private labels.

latest india business news 14th january 2020

  • SEBI on Monday allowed two more years for companies to ensure that their chairman has a non-executive role. This comes as a major relief for companies that will now get additional time for succession planning.
  • Creditors to DHFL will meet on 16th January to discuss eligibility criteria for prospective resolution applicants.
  • The SC directed ED to attach assets of JP Morgan for transacting with the Amrapali Group.

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Latest India Business News 14th January 2020

  • MoneyGram and EbixCash signed a deal to expand money transfer services in India.
  • As part of its restructuring and reorganisation of teams across various businesses and functions to trim redundancy, Oyo is planning to let go over 1000 people in India.
  • Blackstone is set to invest around Rs 380 crores in Allcargo’s warehousing business.
  • Nusli Wadia has withdrawn his criminal defamation suit against Ratan Tata.
  • SEBI defered its directive for companies to separate the roles of chairman and MD by almost two years till 2022.
  • As revealed by redBus, a total of 71.63 million Indian passengers travelled through their platform in 2019.
  • IndiGo has earned a reprieve with the aviation regulator extending its deadline to replace the P&W engines on its Airbus A320neo aircraft by four months to 31st May.

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Latest India Business News 14th January 2020

  • If the directive by SEBI on separations of Chairman and MD implements as per schedule on 1st April, Reliance Industries is most likely to have a new non-Ambani MD.
  • Dentsu Webchutney announced Gautam Reghunath as its new CEO.
  • Infosys Chairman, Nandan Nilekani said that the global major was absolutely right in concealing the whistleblowers’ complaints from regulators  and the media.
  • Purplle raised around $8 million from Verlinvest as part of its Series C round of funding.
  • Paytm Payments Bank issued 3 million FASTags and has simultaneously become the largest issuer of the electronic toll tags in India in between the boost for adoption of electronic toll payments.
  • Microsoft on Monday said that it has selected 54 startups from Gujarat, Maharashtra, Rajasthan, Kerala, and Telangana out of which 3 from each state will finally win a one-year long mentorship programme and a 2-day founder bootcamp.

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