Latest India Business News 14th October 2019 – Tentaran

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Read Latest India Business News 14th October 2019:

  • Around 20,000 employees of Hindustan Aeronautics Ltd have gone on an indefinite strike starting today over wage revision and other demands.
  • P.S. Jayakumar’s term as Bank of Baroda MD & CEO has ended and an extension is unlikely.

latest india business news 14th october

  • Bewakoof, an online fashion retailer, has raised Rs.80 crores in a fresh round of funding led by Investcorp, Bahrain’s alternative asset manager.
  • Air India may reportedly be facing mass resignation by the pilots for being unhappy with their salary and promotion. Around 120 Airbus A-320 pilots have already submitted their resignations.
  • ED has linked over Rs.4,025 crores assets of Bhushan Power to a fraud probe.
  • CarDekho is in discussions to raise $100 million in a Series D round of funding led by Autohome Inc., a Chinese strategic investor, at a valuation of $700 million.

Must Read: Today News Headlines 14th October 2019

Latest India Business News 14th October 2019

  • Masayoshi Son, the SoftBank CEO, has asked global and Indian companies in his portfolio to sharpen their focus on earning profits before going in for IPOs.
  • DLF Group is said it has sold 376, more than 75 percent of the total units put on sale, ready-to-move-in luxury flats worth Rs.700 crores on the first day of the launch of its new housing project in Gurugram.
  • Altico Capital is likely to submit a resolution plan to its lenders that could involve selling some of its biggest loan assets in various cities.
  • Auto retail sales saw an improvement of 6.48 percent in September compared to Sept 2018 after being down over the past few months.

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Latest India Business News 14th October 2019

  • Paytm CEO has said that the firm shall bring down its EBITA losses by around 1/3rd to USD 350-400 million in fy 19-20.
  • Indian Highways Management and GST Network will sign an MoU for the integration of FASTag with GST e-way bill system.
  • Xi Jinping, the Chinese President, and Indian PM Narendra Modi are said to have agreed to set up a high-level group to handle India’s galloping trade deficit with China.
  • VLCC Group has entered into a strategic partnership with Minor International. VLCC shall develop and operate therapeutic wellness & beauty centres across Minor’s properties and shall invest $25 million. Minor owns 523 popular hotel and resort chains under various brands including Marriott Hotels, Four Seasons, St. Regis and has a presence in 53 countries.

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