Latest India Business News 21st January 2020 – Tentaran

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Read Latest India Business News 21st January 2020:

  • Reliance Retail in its Mumbai conglomerate’s ambitious omnichannel venture is ramping up a new network of small grocery stores that will be used for last-mile delivery of food and grocery.
  • In response to a petition filed by the IAMAI, the RBI said that it had not ban cryptocurrencies but only ringfenced regulated entities like banks from the risks associated with the trading of virtual instruments.

latest india business news 21st january 2020

  • The TRAI deferring zero-IUC regime is likely to hit Vodafone Idea & Airtel whereas Jio is all set to benefit from it.
  • In readiness for the new emissions norms that are set to kick in from April, Ashok Leyland delivered its first Bharat Stage VI-compliant commercial vehicles for its customers in the Delhi-NCR region.
  • The CCI approved the disinvestment of Reliance Jio’s telecom tower assets to its investors.

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Latest India Business News 21st January 2020

  • Bharti Airtel, Voda Idea, and Tata Teleservices have moved to the SC in a bid to delay its payments that are due on Thursday. According to their petition, these operators are looking to be allowed to negotiate conditions and schedules for payment of statutory dues with the DoT.
  • Samsung Display is planning to set up a factory in India with a total of $500 million in investment as Samsung Electronics is seeking to expand its production in India.
  • The RBI has now adopted ‘crore’ instead ‘billion’ to present numbers in its balance sheet. This came as a result after RBI’s meeting of the central board of directors which was earlier held on 11th October 2019.
  • Kotak Mahindra reported a 23% rise in its Q3 net profit with Rs 1595 crores for its quarter ending December 2019.
  • Uber entered into an agreement to sell its food business in India to Zomato for a 9.99% stake in Zomato.
  • The government on Monday, 20th January while announcing a new MD and deputy MD for SBI also appointed new MDs and CEOs for Canara Bank, Bank of Baroda, and Bank of India.
  • The Bank of Maharashtra posted its 4th straight quarter of net profit. It posted a net profit of Rs 135 crores in the quarter ending December 2019.
  • A new bench of Bombay high court will hear the petition filed by former ICICI Bank CEO, Chanda Kochhar on 3rd February challenging the validity of her termination by ICICI.
  • The NCLT has ordered for liquidation of Nathella Sampath Jewellery that shut down in 2017, followed by a voluntary petition for insolvency by the company in May 2018.
  • Ashok Leyland is investing nearly Rs 500 crores in a new platform and BS6 transition.
  • Navin Dewaji will become the new CEO of Siemens Gamesa and will take over from Ramesh Kymal by the end of April or March.
  • Sachin Bansal, a Flipkart co-founder, will most likely put in around $400 million into a new financial services venture.

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Latest India Business News 21st January 2020

  • PXIL launched a new trading platform called ‘PRATYAY’.
  • TCS said that it offered jobs to nearly 39000 freshers in FY20.
  • Zoomcar raised $30 million from its ongoing Series D round of funding led by the Sony Innovation Fund.
  • Go Digit Insurance raised nearly $80 million in an equity funding round led by Faring Capital, A91 Partners, and TVS Capital.
  • Oxfordcaps, a student housing startup, is in plans to raise $30 million in an equity funding round to expand to more cities in the country and tie up with more universities.
  • Bharti Airtel and Google Cloud on Monday announced a partnership that offers G Suite to small and medium-sized businesses in India as part of its integrated information and communication technology portfolio.
  • The government is taking management control of Unitech as the SC gave its acceptance on the same.
  • The Telecom department is seeking Rs 48000 crores in dues from Oil India. After GAIL India, Oil Indian is now the second oil and gas firm to have been slapped with a demand notice.
  • Cipla got the US FDA clearance for its Patalganga manufacturing plant.

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