Latest India Business News 19th July 2019 – Tentaran

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Read Latest India Business News 19th July 2019:

  • NCLT has allowed the government to prosecute Deloitte, BSR Associates and 21 other entities for their failure in not detecting and reporting the scams in IL&FS Group after a finding of probe was conducted by the SFIO (Serious Fraud Investigation Office).
  • Ikea, a Swedish furniture chain is planning to launch an online shopping service in Mumbai before opening physical stores.

latest india business news 19th july 2019

  • Amit Shah will head a reconstituted group of ministers on Air India disinvestment after Nitin Gadkari, the Road Transport Minister was dropped from the panel.
  • Reliance Communications was asked to compensate for Rs 12.2 lakh bank fraud after issuing duplicate SIM card.
  • Amazon is changing its terms of services in India to resolve the German anti-trust authority which will also strengthen seller rights.

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Latest India Business News 19th July 2019

  • The used car market has hit 4.8 million units with $90 billion rise in the 2018-19FY.
  • The government has asked Tiktok to respond questions regarding unlawful usage by children to carriage of content which is anti-national.
  • The E-commerce platform, ShopClues has laid off nearly 200 employees while they were struggling to rein in costs in the competitive online shopping segment.
  • Promoters of India’s largest hospital chain, Apollo Hospitals Enterprises Ltd have raised nearly Rs 1000 crores from the Credit Suisse to meet with the near-term debt repayment obligations of the promoters group.

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Latest India Business News 19th July 2019

  • Koovs, the online E-commerce shopping store has reported an increase of 8.6% in their revenue to almost Rs 59 crores in the Financial year 2018-19. Their total comprehensive loss widened to Rs 137.9 crores from Rs 134.27 crores in the previous FY.
  • Jet Airways out of 16,643 of their claims have admitted to 33 of them which is worth Rs 8,462 crores from its financial creditors.
  • Sebi has proposed strict norms to tighten the audit processing and to curb abrupt resignations for listed companies.

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