Latest India Business News 22nd January 2020 – Tentaran

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Read Latest India Business News 22nd January 2020:

  • Allcargo Logistics acquired a 13% stake in Gati, an express logistics firm.
  • Adani Capital acquired Essel Finance’s MSME loan business.
  • Grey Group India promoted Ketan Desai as its new COO. Ketan Desai is currently the president of the group’s north and west businesses.

latest india business news 22nd january 2020

  • The Centre rejected a bid by Adani for an Rs 45000 crores submarine project. This comes after DAC, chaired by the defense minister, Rajnath Singh shortlisted Mazagon Dock Shipbuilders & Larsen and Tourbo for the project.
  • HDFC AMC Q3 profit jumped up 45% to Rs 353 crores.
  • The RBI on Tuesday, 21st January canceled the Certificate of Authorisation of Vodafone m-pesa after a voluntary surrender of authorization.

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Latest India Business News 22nd January 2020

  • The Embassy Group is planning to invest around Rs 2000 crores in 6 cities in India to set up co-living/shared accommodation facilities for the targetted growing millennial workforces.
  • The DoT has approved the proposal of Bharti Airtel to raise its FDI limit to 100%.
  • Skylo, co-founded by Parthsarathi Trivedi, raised $103 million in a funding round led by SoftBank.
  • Sanjay Kumar, who has earlier worked with IndiGo as a chief commercial officer from 2007 to 2018 will now be making a comeback in the airline as Chief Strategy and Revenue Officer.
  • Danfoss Power Solutions, an Indian subsidiary of Denmark-based Danfoss Group announced setting up of its new factory in Pune.
  • India’s NSE has overtaken US’ CME to emerge as the world’s largest derivatives exchange by a number of contracts traded.
  • AppsFlyer raised around $210 million in a Series D round of funding led by General Atlantic.
  • The DoT is expecting telecoms to pay their AGR dues of Rs 1.47 lakh crores within their deadline which is set on 23rd January.
  • Karvy Stock Broking set 15th February as the deadline to pay client dues, including stocks and funds worth crores of rupees.

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Latest India Business News 22nd January 2020

  • The income tax department ordered a special audit of Jet Airways after investigations by its auditors found suspicious transactions.
  • As stated by the EOW, Religare Enterprises’ former promoters – Shivinder and Malvinder Mohan Singh used public money through shell companies to settle their personal liabilities.
  • The Bombay High Court will be resuming the hearing on petitions filed by top television broadcasters in the country challenging the sector regulator’s recent amendments to tariff rules on Wednesday.
  • Reliance Power said on Tuesday that one of its lenders, Axis Bank initiated an insolvency process against its subsidiary Vidarbha Industries Power for a claim of Rs 553.28 crores.
  • Carmakers stopped the BS-IV production ahead of the 31st March deadline.
  • Glenmark Pharma sold its gynecology business to private equity firm, True North.
  • Essar Global Fund appointed Pankaj Kalra as the CFO & head-strategy of its energy arm, Essar Exploration & Production Mauritius

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