Latest India Business News 16th July 2019 – Tentaran

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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.

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