Latest India Business News 17th September 2019 – Tentaran
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- Cognizant has appointed Ramkumar Ramamoorthy as CMD of Cognizant India and head of India Operations.
- Aichi Steel Corp has agreed to acquire a minority stake of 11.4 percent in Vardhman Special Steels for $7 million.
- Jet Airways lenders made a presentation to the Synergy Group, which is said to have emerged as the sole potential buyer of the airline.
- Piramal Enterprises has raised Rs.690 crores in debt financing from Credit Suisse.
- As per the data compiled by Tracxn, an analytics firm, IIT Delhi, IIT Bombay, IIT Kharagpur and BITS Pilani have churned out the majority of entrepreneurs in the past decade.
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Latest India Business News 17th September 2019
- KKR has acquired a 10 percent stake in CG Power.
- General Motors has entered into an agreement with TCS which will acquire certain assets of GM and its 1300 employees will also come under TCS rolls.
- Former SBI chairman Arundhati Bhattacharya is said to be looking to start a general insurance business, with Sunil Mehta, former country head and CEO AIG, and Deepak Ishwarbhai Amin, former SBI director.
- Blackstone Group has signed a definitive agreement to buy Global Village Tech Park, owned by a subsidiary of Coffee Day Enterprises for around Rs.2,770 crores.
- Anil Ambani’s Reliance Group has put its wealth management unit up for sale to raise funds to repay debt.
Latest India Business News 17th September 2019
- ED has slapped a fine of Rs.230 crores on PwC for FEMA violations.
- OnMobile, the mobile entertainment services firm, has agreed to sell 18 percent stake for about Rs.140 crores to Jump Networks.
- Unions of officers of public sector banks have threatened to go on a two-day strike from 26 Sept to protest against the consolidation of ten banks announced by the government.
- The government has decided not to levy 2% TDS on cash payments over Rs.1 crore made through Agriculture Produce Market Committees. The provision for the above was made in Union Budget to discourage cash transactions.
- Delivery executives of Zomato in Bengaluru and Mumbai went on strike against payout cuts per delivery.
- Unilever has said that it has achieved 100 percent renewable electricity usage at its offices, factories and other facilities across five continents.
- From 22nd Sept 2019, SpiceJet will shift its entire Mumbai operations to Terminal 2 of Chhatrapati Shivaji International Airport.
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