Latest India Business News 20th November 2019 – Tentaran

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Read Latest India Business News 20th November 2019:

  • Venture Capital, India Quotient raised $100 million from which $60 they raised in its third fund while $40 they raised by opportunities fund.
  • Fireside Ventures that usually make investments of $4-5 million in its pre-Series A and Series A funding rounds have now secured $60 million in their second fund and are now looking to raise another $40 million to meet their target of $100 million

latest india business news 20th november

  • Mukesh Ambani with a net worth of $56 billion surpassed Alibaba Group’s Jack Ma and has now touched the mark of being the richest person in Asia.
  • After the implementation of the new Bharat Stage VI norms, Royal Enfield will probably be shutting down the production of their 500cc bikes from early next year and will upgrade its range of 350cc motorcycles instead.
  • Although Yes Bank said that it has made material policy and personnel changes to ensure regulatory compliance, RBI found Yes Bank under bad loans worth Rs 3277 crores for the FY19.

Must Read: Today News Headlines 20th November 2019

Latest India Business News 20th November 2019

  • NITI Aayog raised concerns over a draft voluntary vehicle scrappage policy prepared by the road ministry which seeks to get rid of old and polluting automobiles.
  • Delhi and Mumbai have moved up to the 9th and 10th spots in the fastest-growing residential markets list in this quarter.
  • The Carlyle Group through an open market transaction divested 3% of their stake in the SBI Life Insurance worth Rs 2800 crores.
  • The Delhi International Airport Ltd is now set to develop 2 commercial buildings in Aerocity with an investment of Rs 1310 crores after receiving a green light from the Environment Minister.

Must Read: Haryana Cabinet Ministers List

Latest India Business News 20th November 2019

  • Yes Bank has acquired a 20.6% stake in Tulip Star Hotels.
  • Perfios raised $50 million in their Series B round of funding led by Warburg Pincus and Bessemer Venture Partners.
  • GiveIndia raised Rs 23.4 crores of funding from Bill and Melinda Gates Foundation, ATE Chandra Foundation, Omidyar Network India and philanthropist Vikrant Bhargava.
  • Zomato denied merger talks with Swiggy. As a fact, if the merger even happens then it will immediately come under the scrutiny of the CCI (Competition Commission of India).

Must Read: Best places to visit in Himachal Pradesh: Don’t miss exploring these beautiful places of Himachal

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