Latest India Business News 18th November 2019 – Tentaran

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Read Latest India Business News 18th November 2019:

  • Muthoot Finance is said to be in advanced stage of discussions to acquire IDBI Asset Management, the MF unit of LIC.
  • ByteDance Technology, which owns TikTok, is looking to launch music streaming from December and is in talks with some big music labels including Sony Music, Universal Music, and Warner Music for global licensing deals.
  • Many of the collection agents of  DHFL have quit which may hit its debt resolution plan.

latest india business news 18th november

  • RareJob of Japan, which conducts online English tutorials, has invested an undisclosed amount in Multibhashi, a language learning platform.
  • As reported by Mint, over the past two months, Ehraz Ahmed, a Bengaluru based researcher, has unearthed security flaws in four e-comm platforms Nykaa, Bounce, Pepperfry, and Justdial, which have reportedly potentially put data of millions of customers at risk. Companies are working on to fix them.
  • Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications.

Must Read: The journey of Oberoi Group of Hotels

Latest India Business News 18th November 2019

  • LIC has invested Rs.1,000 crore in Tata Capital Housing Finance bonds.
  • Three leading PE firms, Warburg Pincus, TA Associates, and ChrysCapital, have been shortlisted to buy up to 44% equity stake in SRL.
  • The government is planning to set up a committee to expedite coal block allocation operations.
  • GST commissioners will seek feedback from practitioners and taxpayers across India to address all concerns.
  • FM Nirmala Sitharaman has said that the government is trying to complete the sale of Bharat Petroleum Corporation Ltd. and Air India by March 2020. However, circumstances may play their role with the deadline.

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Latest India Business News 18th November 2019

  • Anil Ambani and four other directors have resigned from the Board of Directors of Reliance Communications, currently undergoing insolvency proceedings.
  • NCLAT has rejected the plea of Pepsico India to release its machinery from Oceanic Tropical Fruits, currently undergoing insolvency proceedings.
  • Some of the major commercial property developers in India like DLF, Embassy Group, Prestige Group, K Raheja Corp., etc. are looking to raise funds through debt and monetizing assets to expand their portfolio.
  • Indian Oil Corporation has launched a special winter-grade diesel which does not freeze up to minus 33 degree C.This will help Indian security forces whose supplies get cut off due to bad weather in winters.
  • Softening its resolution plan for Jaypee Infratech, NBCC has now offered 1,426 acres land, worth ₹5,001 crores, in place of 950 offered earlier, to its financial creditors. NBCC has also offered 100 percent shareholding of Expressway SPV.

Must Read: Today News Headlines 18th November 2019

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