Latest India Business News 18th October 2019 – Tentaran

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Read Latest India Business News 18th October 2019:

  • Netflix, which launched Rs 199 subscription mobile plan in the Indian market, says that it has been a huge success and will be testing it in other markets too.

latest india business news 18th october

  • India rallied 51 nations to reject the memorandum of US Government asking developing nations to let go of their WTO Special and Differential Treatment flexibilities before 24 October 2019 failing which the US may reportedly name and shame them at the US trade representatives websites as also at the White House.
  • Cipla, India’s third-largest pharmaceutical company acquired Elores, a novel and patented anti-infective drug from Venus Remedies.
  • According to the Hurun Global Unicorn List 2019, India emerges as the third largest ecosystem for successful startups right behind China & the US.

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Latest India Business News 18th October 2019

  • Vistara has signed a $2.4 billion engine and maintenance contract with the CFM International.
  • Oyo has now launched a new online portal for travel agents to enhance the booking experience. The portal is named SuperAgent.
  • BASF is now teaming up with partners, Abu Dhabi National Oil Company, Adani Group, and Borealis AG to study the feasibility of setting up a petrochemical complex in India which would be worth over $4 billion.
  • IL&FS raised nearly Rs 806 crores from the sale of wind assets to Orix. Orix now has 100% Ownership in the seven SPVs.
  • White Owl raised around Rs 40 crores in the Series B round of funding led by IIFL India.

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Latest India Business News 18th October 2019

  • The IMF trimmed down India’s growth forecast by nearly 90 basic points to around 6.1%. This is now the second downward revision for India in the past seven months with a total of 120 basic points reduction. Nirmala Sitharaman, in response to the above, said that one must not forget that India is still the fastest growing economy in the world.
  • The rural FMCG growth rate dropped down to 5% in the third quarter of 2019 in comparison to 20% in the corresponding quarter last year.
  • Marriott, which has emerged as the largest foreign chain in India with nearly 119 hotels, is now planning to open 6 more by the end of this year and 20 more by the end of 2020.
  • Ola has now found its way into the Self-driving car business to expand mobility products to consumers. Ola has set aside nearly $200 million for its self-drive car unit.

Must Read: Today News Headlines 18th October 2019

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