Latest India Business News 20th September 2019 – Tentaran

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Read Latest India Business News 20th September 2019:

  • Subhash Chandra of Essel Group has got a six-month extension from lenders to repay debt given Group’s inability to pay back more than 50 percent of its dues by the due date of 30 September.
  • Wipro Group has launched Wipro Consumer Care Ventures to invest in startups in India and Southeast Asia in consumer brands space.
  • Owned by Yes Bank’s Rana Kapoor’s family, Morgan Credits has sold a 2.3% stake in the bank to an undisclosed buyer. The move is said to be aimed at reducing promoters’ shares in the Bank.

latest india business news 20th september

  • Sajjan Jindal-led JSW Steel has said it has repaid a debt of Rs.1,148.59 crores to get back its 5.07 crore pledged shares.
  • Mindtree has opened a new European headquarters in London to meet digital experience needs of European customers.
  • Tata Motors has announced that it has developed an all-new powertrain technology, Ziptron. All its electric cars going ahead will be powered by Ziptron.

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Latest India Business News 20th September 2019

  • Purplle, an online makeup and beauty products retailer, is said to be in the process to raise up to Rs.300 crores in a Series C round of funding led by Goldman Sachs and its existing investors.
  • PhonePe has partnered with startups across various verticals and its users can now directly browse and access over 50 different apps and services such as Goibibo, Ola, Myntra, redBus, Grofers etc.
  • Nestaway has said that it will enter into the co-living and student housing space through its independent subsidiary The Hello World, currently present in 15 cities.
  • Sony Pictures Networks’ President Rohit Gupta has been elected as the chairman of the board of The Advertising Standards Council of India.
  • PNB Scam case: Nirav Modi has been further remanded to judicial custody by a UK court till 17 Otober.
  • FM Nirmala Sitharaman has said that banks have been told not to declare any stressed loan account of MSME as NPA until March 2020. She also said that PSUs alongwith some NBFCs will fan across 400 district to offer loans to retail borrowers, MSMEs and farmers.
  • Digital Communications Commission has said that RWAs cannot strike exclusive deals with a single telecom operator ot ISP. The move is aimed to give choice and better quality of services to customers.
  • The government may set up a Rs.20000 crore fund in the next 45 days for stalled non-NPA housing projects.

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Latest India Business News 20th September 2019

  • Qatar Investment Authority is said to be in negotiations with the Adani Group to buy a minority stake of 20-25 percent in Adani Electricity Mumbai Limited for Rs.3000-4000 crores.
  • Hotel Saravana Bhawan has defaulted on statutory payments like PF and ESI of over Rs.20 crores.

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