Latest India Business News 16th January 2020 – Tentaran

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Read Latest India Business News 16th January 2020:

  • A91 Partners invested around $20 million in Aye Finance.
  • The Macquarie group is planning to make an exit from Soham Renewable.

latest india business news 16th january 2020

  • The government has asked both state-run and private banks to open up 15000 location wise branches in FY21.
  • The Indian Bank is most likely to retain its name after merger with Allahabad Bank.
  • The CCI ordered a probe against Asian Paints for allegedly hindering the entry of JSW Paints by virtue of its dominance in the market for manufacture and sale of decorative paints.

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Latest India Business News 16th January 2020

  • The IT department wrote to the ED seeking details of its investigation into the money-laundering allegations against Chanda Kochhar, former ICICI Bank MD and her husband, Deepak.
  • The Shakambhari Group acquired SPS Steel Rolling Mills and is now eyeing a topline of Rs 4000 crores by 2020-21.
  • Dr.Oetker is looking to generate over Rs 500 crores from its business in the next two years.
  • Amazon is planning to invest over $1 billion to digitise small and medium businesses in India.
  • The ED has summoned Tony Fernandes, the CEO of AirAsia on 20th January in an ongoing probe against the airline.
  • SEBI has sought clarifications on Allcargo Logistics’s proposed aquisition of Gati amid court dispute over ownership of shares within Gati’s promoter family.

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Latest India Business News 16th January 2020

  • The Indian drug regulator – CDSCO flagged 49 samples of medicines for failing quality test including Torrent Pharmaceuticals’ anti-hypertension drug-Lorvas.
  • The ministry of corporate affairs is planning to move to the SC next week with a plan to supersede the board of directors of Unitech.
  • SAT granted interim relief to Axis Bank in the Karvy Stock Broking matter and has directed status quo to be maintained on the SEBI order till further hearings on the matter.
  • The Hinduja group pulled out from the race to take over Jet Airways, leaving Synergy and Prudent in the fray to acquire the airline.
  • NEI acquired Kinex Bearings for an undisclosed amount.
  • L&T’s Q3 net profit grew 4.3% to Rs 376.7 crores.
  • Airtel raised around $3 billion in order to repay government dues.

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