Latest India Business News 26th June 2019 – Tentaran

Read Latest India Business News 26th June 2019:

  • Dewan Housing Finance is yet to repay Rs.225 crores out of the total Rs.375 crore due to its investors. DHFL defaulted on interest payment of Rs.850 crore on its NCSs on June 4 also, after which its credit rating was downgraded.

latest india business news 26th june 2019

  • Directors of Air India will meet in the first week of July to discuss selling a few properties of the airline and transferring the non-operational assets to a government-approved SPV.
  • The employees union of Hindustan Aeronautics held a relay hunger strike demanding fair revision of wages. The major issue is executives getting 15% fitment and 35% perks but workmen being offered only 10% fitment and 18% perks.
  • LIC has sold around 2 percent stake of Asian Paints, through an open market transaction.

Latest India Business News 26th June 2019

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  • DoT has reportedly asked BSNL to put all tenders and purchase orders on hold. BSNL has been facing stress in revenues.
  • L&T has acquired a controlling stake in Mindtree and is said to have increased its stake to 51 percent. Nalanda Capital also sold its entire 10.61% stake to L&T Rs.1,707.46 crores.
  • Mahindra Finance is looking to raise around $460 million from offshore markets.
  • 63 Moons Technologies has filed a complaint with Central Vigilance Commission against Ramesh Abhishek, secretary of DPIIT, for allegedly “misleading” the government into ordering firm’s merger with scam-hit NSEL.
  • cure.fit has raised $120 million in a series D funding round led by Led by Chiratae Ventures, Accel Partners, Oaktree Capital, and Kalaari Capital.
  • Open Financial Technologies has raised $30 million in a Series B round led by Tiger Global. The firm offers banking services to businesses.
  • Boeing has appointed Surendra Ahuja, former Indian Navy official, as MD of its defence vertical, Boeing Defence India. Ahuja took early retirement from his position as the Rear Admiral in 2018.
  • Piramal Enterprises and TPG Capital have decided to sell their stakes in Shriram Capital.
  • RIL has entered into an agreement with some offshore lenders for getting long term loans of around $1.85 billion.

Latest India Business News 26th June 2019

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  • PNB scam – As per Antigua PM, Mehul Choksi could be extradited to India after his legal options are exhausted.
  • As per a study by the University of Sydney and Data61, there are around 2040 fake apps on Google Play Store.
  • An RBI panel has proposed Rs10000 crore government fund to develop MSMEs.
  • NCLT has approved resolution plan of Embassy Property to acquire Tiffins Barytes Asbestos for around Rs.89.4 Crores.
  • Adani Power’s resolution plan to acquire GMR Chattisgarh Energy has been approved by GMR lenders.
  • Madras High Court has rejected the plea of Cognizant challenging recovery of Rs.2912 Crore tax by the Income Tax Deptt.
  • NCLT has approved the proposal of Dhanuka Lab to buy Orchid Pharma for Rs.1116 Crores.

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