Latest India Business News 15th July 2019 – Tentaran

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Read Latest India Business News 15th July 2019:

  • Unicorn India Ventures has launched its third VC fund of Rs.400 crores to back companies at pre-Series and Series A stage of funding. The fund has received commitments worth Rs.50 crores till now and aims to invest exclusively in B2B tech startups.
  • Justifying wider powers with him to run IndiGo, Rahul Bhatia has claimed that he bore most of the financial risk to grow the airline and that Rakesh Gangwal invested less than Rs.15 crores.
  • Dewan Housing has reportedly warned that it may not survive as the company is undergoing substantial financial stress.
  • Federal authorities reportedly arrested Dinesh Maheshwari, ED & CFO of the Future Group on alleged customs fraud charges of more than $2 million in unpaid customs duties on garment imports.

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Latest India Business News 15th July 2019

latest india business news 15th july

  • The government reportedly wants ONGC to sell its golf courses in Ahmedabad and Vadodara. One of them has two producing oil wells. Department of Investment and Public Asset Management has deemed golf courses and sports clubs owned by CPSE as ‘non-core’ assets and wants to monetize them.
  • Trai is reportedly not in a position to modify its previously recommended penalty on Vodafone, Idea, and Airtel due to the provisions of the Trai Act.
  • RBI will come out with a mobile app that will help visually challenged people to identify currency notes.
  • DGCA has sent show-cause notices to SpiceJet and IndiGo over safety concerns.
  • Bhushan Power update – After PNB, now Allahabad Bank has reported fraud of over Rs.1774 Crores.

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Latest India Business News 15th July 2019

  • DPIIT will soon float draft national retail policy to seek stakeholders’ views.
  • Swiggy is reportedly in talks with South Korean funds to raise up to $500 million.
  • Canada’s Public Sector Pension Investment Board is joining Abu Dhabi Investment Authority to buy a stake of around 49 percent in GVK Airport Holdings for around Rs.6000 Crores.
  • Bengaluru and Delhi courier terminals have stopped clearing parcels being received as ‘gifts’. Mumbai customs had also taken a similar action around six months back.
  • Some of the top consumer companies are reportedly advertising on WhatsApp through GIFs and stickers.

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