Latest India Business News 16th October 2019 – Tentaran

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Read Latest India Business News 16th October 2019:

  • The Software as a service startup, UrbanPiper has raised nearly $7.5 million in a Series A round led by the Tiger Global along with Sequoia India and their existing investor Axilor.
  • The Emami Group has put up its cement unit up for bids with the help of Arpwood Capital Ltd and Credit Suisse Group AG to seek a valuation of around $1 billion.

latest india business news 16th october

  • Nazara Technologies Ltd invested nearly Rs 83.5 crores in Paper Boat Apps which is India’s largest kids subscription company.
  • The JSW Group has repaid nearly Rs 1200 crore of debt in order to release their Rs 2500 crores worth pledged promoter shares of JSW Steel and JSW Energy.

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Latest India Business News 16th October 2019

  • Genpact is looking forward to acquiring Rightpoint for an undisclosed amount. This deal will bring experience and process innovation together to help the clients drive an end-to-end digital transformation with Ross Freedman as the CEO of this business.
  • Subhash Chandra has been looking to retain Zee reins in the middle of the VTB’s 10.71% stake sale in Zee Entertainment Enterprises Ltd.
  • CleverTap has raised around $35 million in a Series C round led by their existing investors Tiger Global and Sequoia Capital. The startup is now valued at $385 million.

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Latest India Business News 16th October 2019

  • Wipro Ltd reported its September quarter net profit of Rs 2552.6 crores with a 6.9% jump from Rs 2387.4 crores last quarter.
  • Shuttl which focuses on daily consumer travel for long distances has crossed the Rs 100 crore revenue in the FY 2019 with nearly 1 lakh riders daily. This startup has raised over $50 Million since its launch in 2015.

Must Read: Today News Headlines 16th October 2019 

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