Latest India Business News 27th June 2019 – Tentaran

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  • The DHFL management met MCA top brass over to apprise them of the financial situation of the firm and repayment schedule.

Latest India Business News 27th June 2019

  • L&T has gained a controlling stake of 60% in Mindtree. Rostow Ravanan, Mindtree current CEO, is likely to resign in the coming weeks.
  • The loss-making telecom firms, BSNL and MTNL have approached DoT for immediate help as they are facing financial stress. The government may work on their revival.
  • Reliance Infra has bagged a Rs.7000 crores Versova-Bandra Sea Link project from MSRDC. The project once completed would cut down commute time from over 90 minutes to 10 minutes.

Latest India Business News 27th June 2019

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  • Delhi High Court has restrained hoteliers welfare associations to issue any notice, boycott or ban Oyo as this would be a breach of contract between hotels and Oyo.
  • Flipkart has introduced ‘SuperCoins’ to enhance its loyalty program. With the Supercoins earned, the users will be able to shop on over 100 partner brands of Flipkart including Zomato, Oyo, PhonePe and MakeMyTrip.
  • Adani Ports have launched a $750-million off-shore bond sale to repay their existing loans and finance capital expenditure.
  • Donald Trump has been expressing his displeasure over the status of the Indian and US economic relationship and has also threatened to impose a reciprocal tariff on Indian products. He also called India the ‘Tariff King’.

Latest India Business News 27th June 2019

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  • Bessemer Venture Partners is reportedly leading a Rs.100 crore funding round in MyGlamm at a valuation of Rs.500 crores.
  • True North has sold a part of its stake in Aster DM Healthcare, an India and Gulf-based hospital chain, for Rs448.5 crores.ED has attached assets worth over Rs.9,000 crores of Sterling Biotech, which is allegedly involved in a multi-crore bank fraud case.
  • The Godrej family is discussing ways to rework certain family agreements after a dispute over the development of landholding owned by Godrej and Boyce.
    SpiceJet bagged the maximum number of airport slots vacated by Jet Airways grounding.

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