Latest India Business News 21st October 2019 – Tentaran

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Read Latest India Business News 21st October 2019:

  • SVC Cooperative Bank has denied the rumors spreading on social media about their acquisition of PMC Bank.
  • Praveen Khandelwal, Security General of CAIT has urged the government to probe the unholy nexus (price distortion) of e-commerce and the brick & mortar format of retails.

latest india business news 21st october

  • Rotary International which is a global organization providing humanitarian services has now been subjected to GST from its members in India.
  • AAIB is likely to submit its final report on the Ghatkopar aircraft crash by December 2019.
  • Despite the deployment of IoT technology, Honor is all set to launch the Honor 9X in India by the end of 2019.
  • Ericsson, the Swedish Telecom gear maker believes that the cost of 5G network rollout in India will not increase even if a few companies are barred from doing business in India.

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Latest India Business News 21st October 2019

  • In the IMFC Plenary session of the Annual Meetings 2019 of IMF and World Bank on Saturday 19th October 2019, Nirmala Sitharaman said that the global economic risks and imbalances reinforce the need to strengthen international co-operation at multilateral level besides governmental initiatives.
  • The government is likely to float their bid for a 100% stake in Air India’s sale next month. The airline is in debt of around Rs 58000 crores as of now.
  • The SBI is set to conduct an e-auction of 11 bad loan accounts to recover dues over Rs 466.49 crores on 7th November 2019.
  • The HDFC has localized its website in six Indian languages, Hindi, Marathi, Tamil, Telugu, Malayalam, & Kannada to help homebuyers in getting effective home loan related information.
  • Reliance Jio has alleged that the review by Trai on the IUC (Interconnect usage charge) ‘sabotages’ PM’s vision of digital India.
  • ES Ranganathan, the managing director of Indraprastha Gas led the ceremony of India’s first plant set up to convert paddy straw into compressed biogas which will further be used as CNG in automobiles in Karnal on 18th October 2019.

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Latest India Business News 21st October 2019

  • The CCI has stepped up its efforts to clamp down unfair business practices by adopting a proactive approach of suo motu basis to ensure market correction in a timely manner.
  • Rays Power Infra, the solar power developer, will be investing nearly Rs 1700 crores to develop and set up 450 MW solar projects under open access regulations in UP, Haryana, Karnataka and Andhra Pradesh.
  • The CII on 20th October 2019 adopted over 100 villages with over 100000 acres of farm areas in Punjab and Haryana to enable the zero crop residue burning to curb alarming pollution levels in north India.
  • Foreign Portfolio investors have infused in nearly Rs 5072 crores into the Indian capital markets in October 2019 to revive domestic demands.
  • The ED raided over 14 premises linked to the DHFL and its promoters as part of the probe in the money laundering case involving Mirchi.
  • The private equity firm, CX Partners has bought a majority 50.1% stake in Thalapakkati Biryani for nearly Rs 260 crores.

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