Latest India Business News 20th January 2020 – Tentaran

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Read Latest India Business News 20th January 2020:

  • Essel Infraprojects is close to selling 2 road assets jointly to NIIF and Roadis for around Rs.1,500-1,800 crores.
  • Future Group has reportedly scaled down its e-comm venture, Retail 3.0, and also laid off around 350-400 employees.

latest india business news 20th january 2020

  • Shapoorji Pallonji is reportedly trying to sell its power project in Bangladesh to reduce debt.
  • Air India trade unions are likely to demand a VRS package when they meet Hardeep Singh Puri, Minister of State for Civil Aviation today.
  • GMR Airports has bagged the contract for duty-free shops at Kannur international airport in Kerala for seven years.

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Latest India Business News 20th January 2020

  • Oxfordcaps, a student housing startup, is said to be in talks to raise $30 million in an equity funding round led by Swiss investor LGT to expand into more cities and tie up with more universities.
  • CII has requested the central government to converge multiple corporate tax rates to 15% by April 2023 with no incentives and exemptions. This could help boost investor sentiment and encourage investments.
  • The steel industry is seeking a reduction in basic customs duty on key raw materials in the upcoming budget.
  • Hyundai Motor India has launched an online portal for selling cars.

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Latest India Business News 20th January 2020

  • Australia has conferred its highest civilian honour, the Order of Australia honour, on Kiran Mazumdar-Shaw, the founder of Biocon, for her contribution towards advancing Australia’s relationship with India.
  • Great Wall Motors, the Chinese automobile major, is likely to acquire Talegaon manufacturing plant of General Motors.
  • Piramal Enterprises is divesting its share in Decision Resources Group, a healthcare insights and analytics business, to US-based analytics firm Clarivate for $950 Million.
  • Samsung is setting up India’s first Mobile Display Plant in Noida with an investment of Rs.3500 Crores. The plant will initially produce only mobile phone displays but may later expand to Laptops and TVs.

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