Latest India Business News 19th September 2019 – Tentaran

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Read Latest India Business News 19th September 2019:

  • Groww, an online investment startup, has raised Rs.154 crores in a Series B round of funding led by Ribbit Capital. Groww currently offers over 3000 MF options for investment on its platform.
  • The government has set up a panel to improve ease of doing business by liberalizing LLP and Companies Act.

latest india business news 19th september

  • NCLAT will review settlement between McDonald’s and Vikram Bakshi over share sale in Connaught Plaza Restaurants.
  • The government is reportedly open to selling a partial stake in Air India to a foreign airline and is likely invite prelim bids by 10 October.
  • Medikabazaar, an online B2B platform for medical supplies, has offered 200 jobs to laid-off Zomato staff.
  • Tata Motors has launched a new platform, TACNet 2.0, to tap start-ups and tech firms to harness new solutions in the automobile and mobility ecosystem.

Must Read: Today News Headlines 18th September 2019

Latest India Business News 19th September 2019

  • Aiming to boost manufacturing, the government has scrapped import duty on open cell TV panels.
  • The government is planning to further reduce prosecution provisions for violation of Companies Act. A committee will examine various options on this including the feasibility of “deferred prosecution agreements”.
  • Mukesh Ambani has raised promoter stake in Reliance Industries by 2.71% to 48.87%.
  • Eye care provider ASG Hospitals has raised Rs.308 crores in a fresh funding round led by Foundation Holdings, UAE-based family investment office. ASG Hospitals, backed by Sequoia Capital and Investcorp, has 33 centres in India, and one each in Nepal and Africa.
  • Wow! Momo Foods has raised $23 million in a Series B round of funding led by Tiger Global at a valuation of $120 million.

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Latest India Business News 19th September 2019

  • Infosys is planning to reduce its high attrition levels with compensation-based incentives and skilling programs. The attrition rate at Infosys was 23.4 percent in April-June up by 3 percent from the quarter ended March 2019.
  • As per the data compiled by CleverTap, a marketing analytics firm, Indian e-comm apps lost almost 45 percent of users within four weeks of installation.
  • Square Yards, a tech-led real estate brokerage platform, has raised $20 Million from a group of investors including founders of PropertyGuru and Times Group.
  • Sebi has imposed a 2-year ban on Nirmal Kotecha for violating various market norms including fraudulent trades in the scrip of Usher Agro.
  • DAN Consult, consulting division of Dentsu Aegis Network, has appointed Shashank Sharma as principal of FMCG. Prior to joining DAN Consult, Sharma has worked with Dabur, Nestle, and Pernod Ricard.

Must Read: India monthly roundup of Start-up world, funds, funding and investments in August

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