Latest India Business News 21st November 2019 – Tentaran

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The RBI on 20th November took over the board of DHFL and appointed an administration in its place in order to help the company step forward to the bankruptcy court.
During a raid led by the DRI sleuths in Central Kolkata, currency notes in denominations of Rs 100, 500, and 2000 were showered from the commercial building at 27, Bentinck Street.

The CCEA on 20th November cleared the government’s largest asset sale exercise which involves 5 companies. This includes the privatization of BPCL and SCI.
The NCLAT extended the deadline for the implementation of Patanjali’s bid for Ruchi Soya to 16th December 2019.

Latest India Business News 21st November 2019

Amit Shah said that the NRC process will be carried out across the entire country without discrimination on the basis of religions.
The Trump Administration in the US notified the US Congress on their determination to sell naval guns to India worth $1 billion.
The Central Government has now asked WhatsApp to strengthen security and prevent any further breaches after their security loophole last month.
Hyundai Motor India on 20th November said that their upcoming sedan ‘Aura’ will be powered by the BS-VI compliant petrol and diesel engines.
Moody’s Investor Service assigned a B1 instrument rating to Jaguar Land Rover’s new bond of unsecured notes worth 500 million euros that are due for payment in 2024.

Jabong reported a 19% rise in its revenues from FY19 at Rs 204.6 crores.
FM Nirmala Sitharaman while briefing the Cabinet Meeting to the media mentioned that the cabinet has approved import of about 1.2 lakh tonnes of onion to ease domestic supplies.
The CEO of Altico Capital, Sanjeev Agrawal gave in his resignation from the company giving in personal reasons.
The Lok Sabha has passed the Chiut Funds Amendment Bill.
Piramal got a waiver on their debt contract after offering to repay early.
TCS partnered with Qualcomm to launch an innovation hub in Hyderabad.
Cube Highways and Infrastructure emerged as the highest bidder with Rs 5011 crores in the round 3 of road auctions under the TOT model.
Azent Overseas Education acquired Admission Table and invested nearly Rs 250 crores in technological capabilities, acquisitions, services, and infrastructure.
Pramit Jhaveri, the country head of Citi India after 3 long decades in the industry has now retired.
Uber rolled out a driver’s rewards program in India called ‘Uber Plus’ that will help drivers to earn points for rides so as to win free doctor consultations, access to microloans, concessions on education modules, savings on vehicle maintenance costs, and faster airport pickups.

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