Latest India Business News 23rd January 2020 – Tentaran

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Read Latest India Business News 23rd January 2020:

  • NBCC India, which has been selected to acquire Jaypee Infratech, is ready with a backup plan in case it doesn’t get Rs 750 crores from JAL – Jaiprakash Associates.
  • Indians have paid Rs 14 crores to book 1410 Kia Carnivals MPV on the first day itself.
  • Sterile Power has entered into an exclusive agreement with Smart Wires to bring SmartValve to the Indian market.

latest india business news 23rd january 2020

  • Piramal Realty is planning to invest Rs 3500 crores in the next 3 years to develop its mid-market projects in Mumbai.
  • In the nine months of this fiscal year so far, India’s oil demand has increased by 1.8%, slower than 2.7% a year ago.
  • Ghana is planning to replicate India’s cooking gas success model. The National Petroleum Authority of Ghana has entered into an initial agreement with Indian Oil to set-off cooperation between the two countries on increasing cooking gas penetration in Africa.
  • Crompton has appointed Vishal Kaul as their new vice-president and PL head.
  • Luminous Power Technologies has appointed Niharika Mohan as their new Vice President HR, Admin, and CSR.
  • According to market researcher, Nielson, India’s FMCG market is expected to grow around 9-10% in the Jan-Dec 2020 period.
  • Khadi Village Industries Corporation is looking to seek an international trademark for ‘Khadi’ under the Paris Convention. This will prevent products from masquerading as ‘Khadi’ globally.
  • Smart Group is planning to invest around Rs 2000 crores to open a wellness city in Delhi by 2025.

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Latest India Business News 23rd January 2020

  • Power Mech Projects bagged new orders worth Rs 351 crores from BHEL and Jaiprakash Power Ventures.
  • GAIL India, Oil India, Power Grid Corporation, and 2 others have filed separate applications in the SC to seek clarification on the applicability of the AGR order by the court on 24th October.
  • Bharti Airtel and Western Union partnered to launch a real-time cross-border movement of money in India and Africa.
  • The government has now decided to allow the staggering filing of GST returns after repeated complaints of the clogged online system ahead of the monthly deadline.
  • HCL is planning to double its campus recruitment from 8600 to around 15000 in the 2020-21 FY.
  • As part of a plan to allow companies to access a larger pool of capital, the government is expected to allow direct listings of Indian companies abroad.
  • The AIRBEA, in a letter to CM Mamata Banerjee, asked her to intervene against discrimination of Bengal by the RBI central management.
  • The South Eastern Railway is aiming to load around 170 million tonnes of originating cargo in the 2019-20 FY.
  • Tata Motors has rolled out its first vehicle from the new premium hatchback segment with Alfa architecture.
  • Temasek along with EQT set up a $500 million renewable energy platform, O2 Power to develop and acquire renewable energy assets in areas with solar and wind energy.

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Latest India Business News 23rd January 2020

  • Daimler India Commercial Vehicles inaugurated BharatBenz in Karnataka. This is a 3S (sales, service, spares) facility.
  • Hardeep Singh Brar has been appointed as the director of the marketing and sales division at the India unit of the Great Wall Motors.
  • C Vijaykumar, President & CEO of HCL Technologies is set to chair the WEF IT Governors community.
  • The Carlyle Group, TA Associates, & Orkla Foods have sent their interests to purchase Sunrise Foods.
  • SAIL launched a scheme focusing on education, health, nutrition, women empowerment, etc to support the voluntary efforts of its employees.
  • Sun Pharma recalled multiple batches of its anti-migraine and testosterone injection in the US.
  • ReNew Power raised $450 million via dollar bonds.
  • PhonePe has announced its new PhonePe ATM feature that allows customers to withdraw cash using UPI.
  • Shriram Capital has held off its plan of a 3-way merger after the RBI requested the group to cut its stake in its insurance business.

Must Read: Today News Headlines 23rd January 2020

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