Latest India Business News 17th October 2019 – Tentaran

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Read Latest India Business News 17th October 2019:

  • The Indian Overseas Bank is set to e-auction more than 500 re-possessed properties on MagicBricks worth Rs 800 crores on 21st and 30th October 2019.
  • Hadi Badri, CEO of Emaar Properties said that he will be focusing on developing projects under joint development agreements with local players in India with land banks at good locations.

latest india business news 17th october

  • Freshworks which has raised $250 million so far is in talks with their existing investors Tiger Global and Sequoia to lead fresh funding round at a valuation of $3 billion.
  • The Tea Board of India is set to meet with the producers of Darjeeling tea to propose a 100% mandatory sales through auction.
  • PSBs are all set to implement doorstep banking services like deposits, withdrawals, etc for its millions number of consumers.

Must Read: Ayodhya Case Latest Update in Hindi

Latest India Business News 17th October 2019

  • The demand for fuel has touched its lowest level in more than 2 years due to a drop in the consumption of diesel and other industrial fuels which also reflects the slowing pace of economic growth.
  • Reliance Jio has accused Bharti Airtel and Vodafone Idea of disguising wireline numbers as mobile numbers for their revenue enrichments. They have urged Trai to serve a penalty to these telecom companies in violation of the telecom rules.
  • WEGoT, a water management startup has raised nearly $2 million in its seed funding round led by GoFrugal, Brigade Enterprises, and ithought’s Shyam Shekar.
  • Cognizant is all set to acquire the UK-based Contino which is a privately-held DevOps consulting firm with nearly 350 active employees all over the world.
  • TCS iON inaugurated its Al-powered command center in Chennai at the TCS’ Sholinganallur facility.

Must Read: Ayodhya Case Verdict- Supreme Court has reserved the order, decision will come within 23 days

Latest India Business News 17th October 2019

  • MyGate, a Bengaluru company that offers security management for gated communities raised nearly $56 million from Tiger Global, JS Capital, and Tencent.
  • The RBI has imposed a penalty of Rs 3 crores on the SBM Bank(India) for non-compliance with regulatory norms set by the SBM Bank(Mauritius).
  • The SoftBank is in plans to rescue financing for WeWork with $5 billion.
  • A startup, Bare Anatomy has raised around $500000 of seed funding from Sauce.vc to augment its research & development activities to create customized beauty products for its consumers.
  • Legalkart raised Rs 3.5 crores in their seed round from angel investors.
  • SOAL, an alternate education venture raised $300000 from Astarc Ventures.

Must Read: Today News Headlines 16th October 2019

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