Latest India Business News 16th September 2019 – Tentaran

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Read Latest India Business News 16th September 2019:

  • Lee Fixel, former head of Tiger Global’s private equity business, is reportedly set to return to India with his own fund of around $1 billion. He was known for his quick decision-making, often writing a fat cheque just after a brief Skype interview with founders.
  • Goldman Sachs Group, PremjiInvest and family office of Sunil Munjal are in advanced talks to invest in PNB Housing Finance, which is looking to raise capital of up to Rs.2,000 crores

latest india business news 16th september

  • A leading Indian trader body has asked the government to ban upcoming festive sales of Amazon India and Flipkart citing that their deep discounts violate India’s foreign investment rules for online retail.
  • Haldiram is in advanced discussions to invest around $8-10 Million in Frozen Bottle, a quick-service restaurant chain.

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Latest India Business News 16th September 2019

  • DotPe, a payments platform, is said to be in talks to raise $5 million from Naspers Fintech and a few other investors.
  • OkCredit, a book-keeping startup, has raised $67 million in a Series B round of funding led by Lightspeed Venture Partners and Tiger Global Management, its existing investors.
  • Kae Capital is said to be in talks to raise its third VC fund of up to $60 million.
  • Kedaara Capital has invested over $55 million in Lenskart Solutions.
  • Donald Trump Jr is said to have told that they will look at new branding and licensing deals in India after the presidential tenure of Donald Trump is over.

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Latest India Business News 16th September 2019

  • DLF Group has sold 9-acre land in New Gurugram to American Express for around Rs.300 crores. This is said to be one of the costliest land deals in this area.
  • After the government’s initiative to stop using single-use plastic, the traders’ body CAIT has written a letter to the Environment Minister, Prakash Javadekar to remove confusions on the use of single-use plastic by giving clear guidelines.
  • SEBI with an aim to unearth financial irregularities and fraud transactions is now planning to set up new whistle-blower mechanism for auditors and other ‘gate-keepers’ to report such cases.
  • Flipkart has expanded their delivery reach to 80% and has covered almost all pin codes in India right ahead of their Big Billion Days Sale. It is now serving to approximately 19200 pin codes as against 10660 in 2018.
  • To boost sales Tata Motors have announced discounts with benefits up to Rs 1.50 lakh on selective models. They have also tied up with multiple banks and other financial institutions to offer 100% on-road finances and low EMI packages.
  • Ex-Cognizant COO Sridhar Thiruvengadam has agreed to pay a civil penalty of $50000 on SEC’s order in a bribery case.

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