Latest India Business News 16th July 2019 – Tentaran

Read Latest India Business News 16th July 2019:

  • As per reports, IndiGo’s decision to drop P&W in favour of CFM International for a $20 billion jet engine contract was driven more by commercial considerations than performance or technical criteria.
  • Dewan Housing needs around Rs.2,500-3,000 crores of fresh equity investments to sustain its operations.
  • National Investment and Infrastructure Fund is reportedly considering to invest $100 million in the third fund of Multiples Alternate Asset Management, which is targetting to raise around $900 Million.
  • Aditya Birla Fashion has acquired a 51 percent stake in Finesse International Design that retails clothing under the brand ‘Shantanu and Nikhil’ for Rs.60 crores.
  • RBI has imposed a penalty of Rs.7 crores on SBI for non-compliance with various RBI issued regulatory guidelines.

Must Read: India monthly roundup of Start-up world in June

Latest India Business News 16th July 2019

latest india business news 16th july

Do read: India monthly roundup of M&As and tie-ups in June

  • IndiGo reportedly secured a credit facility of around Rs.2,577.75 crores since April to meet its working capital requirements.
  • Greaves Cotton has increased its stake in EVs maker Ampere Vehicles to 81.23%.
  • JSW Steel has told NCLT that despite reports of alleged fraud by former promoters, it is not backing out from the ongoing resolution process of Bhushan Power & Steel.
  • Shriram Transport Finance is looking to raise around Rs.10,000 crores NCDs.
  • Sebi issued 47 warning letters to MF house in fy 18-19.
  • India and Australia have finalised a new vet health protocol for sheep export to India to boost the textile industry and fine wool sector.

Latest India Business News 16th July 2019

  • Cleartrip has appointed Rajiv Thondanoor as its chief product officer. Rajiv was previously with Ola as VP (product).
  • Unicorn India Ventures will launch an equity fund of Rs.400 Crores to invest in early-stage startups, majorly in health-tech, robotics, gaming, and fintech sectors.
  • DGCA took 20 pilots off duty during July 2019 after a series of incidents. The pilots have been barred from flying for 3-6 months.
  • Abu Dhabi Capital Group has invested $10 Million in Grofers.

Must read: Nirav Modi-PNB Scam details and Updates

For more articles like, ‘Latest India Business News 16th July 2019’  do follow us on FacebookTwitter, and Instagram.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 Tentaran.com. All rights reserved.