Latest India Business News 2nd December 2019 – Tentaran

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Read Latest India Business News 2nd December 2019:

  • The NSE suspended Karvy’s trading license due to their non-compliance with SEBI norms after allegedly misusing client securities worth Rs 2800 crores.
  • Reliance Jio will be introducing the new ‘All in One’ plans and will raise the mobile services rates by up to 40% from December 6 onwards.

latest india business news 2nd december

  • Arcelor Mittal in a bid for Odisha Slurry Pipeline Infrastructure is facing a tough competition by Thriveni Earthmovers.
  • Sobha is all set to enter the new property markets and will launch projects in Delhi, Hyderabad, and Thiruvananthapuram to start with and will expand beyond 10 more cities where projects are still ongoing.
  • NBCC is most likely to offer more land to lenders and reduce the timeline for the completion of about 20000 flats in its final bid to acquire the bankrupt Jaypee Infratech.

Must Read: Today News Headlines 2nd December 2019

Latest India Business News 2nd December 2019

  • The sales of Mahindra & Mahindra declined nearly 9% in November this year bringing the total wholesale across their commercial and passenger vehicles at 41235 units as against 45101 units in November 2018.
  • The project called ‘Ratnagiri Refinery & Petrochemicals’ which was announced in December 2015 was to be commissioned by 2022 but due to delay in land acquisition, the deadline has now been pushed to 2025.
  • The Governor of Maharashtra, BS Koshyari said that the government will enact a law to ensure 80% reservation for the ‘sons of the soil’ in private sector jobs.
  • Piyush Goyal, the Commerce and Industry Minister said that India will be looking at introducing a ‘border adjustment tax’ on low-cost imports from free trade partner countries so as to promote sales of locally produced goods.

Must Read: Know how National pollution control day is related to Bhopal gas tragedy

Latest India Business News 2nd December 2019

  • Patanjali has secured Rs 3200 crores in the form of loans from SBI, PNB, UBI, Syndicate Bank, and Allahabad Bank to buy Ruchi Soya.
  • Ola is planning on restructuring and redesigning its company and will commence with a trimming down of 5-8% of its employees ahead of their IPO.
  • Temasek is currently in talks to invest around $100 million in as they are looking to diversify their strategy and back more tech startups.
  • Paytm’s parent company One97 Communications India reported a loss of Rs 3,960 crore in fiscal 2019 which is double as compared to the previous year.
  • ExxonMobil Corporation is planning to set up a lubes blending plant in India.

Must Read: Aaj ke samachar 2 December 2019

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