Latest India Business News 16th August 2019 – Tentaran

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Read Latest India Business News 16th August 2019:

  • Air India is auctioning more than 60 real estate assets to raise funds.
  • IL&FS update – As per an RBI report, Risk Management Committee and Investment Review Committee of IL&FS did not meet for around 3 years and the firm did not disclose any NPAs for the last four years.

latest india business news 16th august

  • Zomato has asked some of its Gold partner restaurants to give 45 days notice if they wish to drop out of the program. The move comes a day after hundreds of restaurants in Delhi, Gurugram, and Mumbai pulled themselves out of schemes offering complimentary meals to end steep discounting by dining apps including Dineout, nearbuy, magicpin and Zomato.
  • Paytm will invest Rs.750 crores to nearly double its monthly active mobile user base to 250 million by March 2020.
  • ONGC is investing around Rs.83,000 crores in 25 major projects to boost oil and gas production.

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Latest India Business News 16th August 2019

  • Dharmesh Mehta, Former Axis Capital MD and CEO, along with other investors, shall reportedly be acquiring a 100% stake in IDFC Securities.
  • Cognizant is reportedly planning to lay-off a few hundred more employees to cut costs.
  • Yes Bank is planning to raise another $600 million from strategic investors to improve its capital buffer. The bank had raised around $270 million in August 2018.

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Latest India Business News 16th August 2019

  • Sanjay Mehta, a serial entrepreneur-turned angel investor, said that he will invest in 100 start-ups in one year from his 100X.VC fund. He is currently invested in over 130 companies including OYO, Box8, LogiNext, and Block.One.
  • Naspers is reportedly in talks to buy a stake worth around $100 million in Dream11 from Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Dream11 is seeking a valuation of $2.5 billion.
  • ShareChat has raised $100 million in its Series-D round of funding from Twitter and TrustBridge Partners.

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