Latest India Business News 15th January 2020 – Tentaran

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Read Latest India Business News 15th January 2020:

  • The Aleris deal is likely to face more delays as the Aditya Birla Group is planning to extend the closure of its planned acquisition of Aleris by three months due to delay in securing regulatory approvals.
  • Yes Bank has acquired a 30% stake in Reliance Power.

latest india business news 15th january 2020

  • McDonald’s India – North and East has announced its partnership with Zomato that will expand the availability and accessibility of McDelivery. The service will be available over 125 McDonald’s restaurants in North and East India.
  • Future Retail raised $500 million via dollar bonds.
  • Blackstone Group owned-SPV, Indiabulls Finance Centre is looking to raise around $100 million by selling non-convertible debentures in order to refinance its debt and capital exp.
  • The Civil Aviation Ministry on Tuesday said that it will ensure that Air India continues to operate uninterruptedly and improves its operations even during its disinvestment process.

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Latest India Business News 15th January 2020

  • Wipro’s Q3 net profit fell 3.8% to Rs 2463 crores.
  • The SAT on Tuesday upheld a fine of around Rs 2423 crores levied by SEBI on 4 directors of PACL for illegal fund mobilization via various schemes from the public.
  • Amazon infused Rs 1355 crores more in its India payments venture – Amazon Pay India.
  • At the committee of creditors meeting held on 13th January for RCom assets, Jio and UVARC were declared highest bidders.
  • Mindtree’s Q3 net profit increased by 3% to Rs 197 crores.
  • Canara Bank has called off its stake disinvestment from Can Fin Homes.
  • TechnifyBiz raised around $2 million in seed funding from Omnivore, Insitor Impact Asia Fund, and co-founders of Razorpay – Shashank Kumar and Harshil Mathur.

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Latest India Business News 15th January 2020

  • In a communication received by the ED, Edelweiss Financial Services has been asked to appear before them today.
  • Glenmark Pharmaceuticals is planning to raise around $200 million via dollar bonds to refinance its debts.
  • Bandhan Bank’s Q3 net profit increased to Rs 731 crores.
  • JSPL resumed its operations in the coal gasification plant in Odisha.
  • Wipro is planning to double up it’s hiring this year and is also planning to depute its techies from India to the US for some specialized skills.
  • Amazon CEO, Jeff Bezos landed in India on Tuesday and paid his tributes to Mahatma Gandhi at the Raj Ghat memorial ahead of Amazon’s two-day summit for small and medium businesses in Delhi.

  • At the launch of the electronic version of the Chetak scooter, Bajaj Auto MD – Rajiv Bajaj said that the ‘over-regulated’ market has pushed up the prices of two-wheelers and that the prices would increase around 30% in another period of one and a half years.
  • Mars Wrigley appointed Kalpesh Parmar as the General manager for its business in India. Kalpesh, former Unilever executive replaced Andrew Leaky who moved on to head the company’s business in Australia.
  • Kumar Mangalam Birla, head of the Aditya Birla group said, “Sustainability is not just good for citizenship but also, good business.”

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