Latest India Business News 24th January 2020 – Tentaran

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Read Latest India Business News 24th January 2020:

  • ShopX, a retail network company backed by Nandan Nilekani is planning to cross $1 billion in GMV – gross merchandise value.
  • Ravi Gandhi, Bharti Airtel’s chief regulatory officer, decided to step down from his position.

latest india business news 24th january 2020

  • Ikea is planning to foray into developing shopping malls alongside its big stores.
  • The ED has called in Tony Fernandes and R Venkataramanan over allegations of money laundering.
  • The Niti Aayog has sought approval from the Cabinet to build up 10 large factories that will get subsidies to produce lithium-ion batteries which are used in EVs.
  • Commercial coal miners will now need to pay at least 70% of the amount which is due to the Centre and states even if they produce nothing.
  • An appellate tribunal on Friday said it would give the CBI, the ED, and the corporate affairs ministry, one last chance to address whether JSW should be held liable for prosecution for offenses committed by BPSL.

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Latest India Business News 24th January 2020

  • UWIC has announced a collaboration with the leading Japenese aluminum system windows brand, YKK
  • Tata Projects on Thursday bagged four contracts in the oil and gas refinery sector in Odisha and Rajasthan worth Rs 6000 crores.
  • The NBCC is planning to get the government’s stress fund to complete 3 out of its 16 projects of the Amrapali Group.
  • CM K Palaniswami said that Kuwait based, AI Kharafi is planning to set up an oil refinery and petrochemical manufacturing facility in Tamil Nadu with an investment of Rs 49000 crores.
  • HDFC Bank will soon be retaining Egon Zehnder, a retail global executive search firm, to find a successor to MD Aditya Puri.
  • India is seeking to reopen the pricing of its long-term LNG import contract with Qatar.
  • Singapore’s Bigo Tech has put India at the forefront in many of its global initiatives including CSR and online safety.

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Latest India Business News 24th January 2020

  • Flipkart is looking to acquire the wholesale cash-and-carry business of Walmart in India.
  • The Indian Bank’s Association asked the NPCI to remove UPI charges.
  • Sequoia is planning to raise around $1.25 billion for its new fund for India.
  • Digit, a new-age non-life insurer, got regulatory clearance for an investment of $84 million from A91 Partners, TVS Capital, and Faering Capital.
  • The RBI, in the fourth special open market operation auctions, bought Rs 10000 crores worth of long-term securities and sold around Rs 1950 crores worth of short-term government bonds.
  • KEI Industries is looking to raise over Rs 500 crores via QIP.
  • DLF will be investing around Rs 5000 crores to develop a commercial project in the Taramani area in Chennai.

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