Latest India Business News 31st October 2018

Read the latest India business news 31st October 2018:

india business news 31st october 2018

ACME Solar has appointed Barclays and JPMorgan to start work on its proposed infrastructure investment trust. L&T Infra, India Grid Trust and IRB Infra are the only three companies so far to have tapped InvIT route for fundraising.
Kedaara is in advanced talks to buy a stake between 25-30% stake for around Rs.300 crores in Micro Plastics. Micro Plastics is a contract toys manufacturer working for companies like Walt Disney and Hasbro.
Following the RBI guidelines, MasterCard and Visa have started to store data of domestic transactions from October in India. They have asked for relaxation of rules for storage of data pertaining to older transactions.
Motilal Oswal Real Estate has sold its investment in Shriram Properties for Rs.125 crore. The fund had invested Rs.67 crore in December 2014 via equity stake.
The government will divest 3% stake in Coal India by selling its shares. It has a target to raise around Rs.1 trillion from the sale of state assets in the current fiscal year ending March 2019.
RBI has cleared re-appointment of Aditya Puri as HDFC Bank CEO for 2 years.
SC has upheld Trai tariff order and dismissed the plea of Star India. As per the new Trai tariff order, broadcasters were required to declare MRP and nature of all the channels within 60 days.
Delhi High Court has ordered Bytedance, the Chinese content giant, to desist from using “ShareChat” as an ad-word on Google.
Sentieo, San Francisco and Delhi based financial research platform, has raised $19 million in its series-A round of funding.
Amazon has tied up with ICICI Bank for a credit card for its Amazon Prime customers reward points.
Sebi has refused to put stay on the forensic audit of Venmax Drugs, which figures in the list of suspected shell companies.
ED has moved a special court in Delhi to declare promoters of Sterling Biotech as fugitive economic offenders so that it can confiscate and sell off their attached assets of around Rs.4700 Crores in India and abroad.

Must Read: 5 Successful travel and transport startups in India

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News credit: Livemint, Economic Times, Business Standard

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