Latest India Business News 28th August 2019 – Tentaran

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Read Latest India Business News 28th August 2019:

  • Paytm is now seeking to enter into healthcare in order to widen their user base. They will be creating a payment mechanism solely for doctors to receive consultation fees and bulk purchases for medical supplies using Paytm.
  • Vivo has lined up a Rs 3500 crore investment in India. They plan on developing a 169-acre land parcel which is situated adjacent to the Yamuna Expressway on the outskirts of New Delhi. This will create employment for over 40,000 people in 10 years.

latest india business news 28th august

  • The Executive Vice President, Chief Sustainability Officer, and President of the Walmart Foundation of Walmart, Kathleen McLaughlin believes that India can accelerate in technology which is why Walmart has announced a Rs 34 crore grant to two farmer organizations in India.
  • Instamojo Technologies Pvt. Ltd disbursed nearly Rs 110 crores in small loans worth 10000-20000 to MSMEs (micro, small, & medium enterprises) within a year.

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Latest India Business News 28th August 2019

  • In the new scheme after Reserve Bank’s Repo Rate, PNB announced that the rate of interest will be 0.25% less than the existing applicable rates based on MCLR. The new rates for housing loan borrowers might vary between 8.25% to 8.35%. For Car loan borrowers the rate might be set at 8.65%. Not just this, the existing customers of the bank will also have the option to switch over to the new RLLR (Repo Linked Lending Rates).
  • The Cabinet is likely to take up fresh liberalization of FDI rules in order to fulfill government’s budget commitment to ease FDI norms in a host of sectors to attract investment and provide a boost in economic growth.
  • After years of expertise in developing and operating mines, Tata Steel is likely to venture into merchant mining. The executive director and CFO of Tata Steel, Koushik Chatterjee said that they would look at mining as a business.

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Latest India Business News 28th August 2019

  • Tiger Global continues to make bets in India. They are in talks to back 3 new stat-ups. They have over 15 new investments in India this year.
  • Astra Rafael Communication System has opened a 20000 sq ft facility at the Hardware Technology Park to make tactical communication systems for the armed forces. They are the first private sector company to manufacture software-defined radios in India.
  • IIFL Finance has expanded their distribution network by adding 400 branches and now they are considering to seek a bank license for the future which can be an advantage for their company.

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