Latest India Business News 3rd December 2019 – Tentaran

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Read Latest India Business News 3rd December 2019:

  • Piramal raised Rs 1100 crores from Barclays in order to refinance a part of its existing debt and extended new loans.
  • RBL Bank is looking to raise nearly Rs 2000 crores through Qualified Institutional Placement offering.

latest india business news 3rd december

  • ICICI Venture settled cases against a bunch of PE firms managed by it for 5.22 crores.
  • Accel Partners raised $550 million for its sixth India fund.
  • Oyo CEO, Aditya Ghosh has been shifted from the position of the CEO to a board member and now Rohit Kapoor is the newly appointed CEO of Oyo Rooms.
  • Kiran Mazumdar Shaw, Biocon Chairperson, and MD said that India Inc is neither anti-national nor anti-government.

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Latest India Business News 3rd December 2019

  • IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets in order to limit turbines failing in the air.
  • Sanjay Kumar stepped down as COO of AirAsia India.
  • Biocon and its partner Mylan announced a launch of their biosimilar to oncology drug trastuzumab in the US under Ogivri.
  • Kia Motors have now become India’s 4th largest vehicle manufacturer after dispatching 14005 units of Seltos.
  • Chanda Kochhar’s counsel sought permission from the Bombay HC to amend their petition in view of the reply filed by ICICI Bank by 9th December.
  • Intel India launched its latest center in Hyderabad in order to expand its footprint in India.

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Latest India Business News 3rd December 2019

  • Suraksha Realty firm which is in a race to acquire Jaypee Infratech, might offer more cash & land to lenders in the Jaypee Infra Case.
  • The lenders of Jaypee Infratech will be meeting on 7th December to decide on bids by NBCC and Suraksha Realty.
  • Syngene appointed Sibaji Biswas, former Vodafone executive, as CFO. His position will be effective from December 18 onwards.
  • Walmart India in partnership with HDFC Bank launched a co-branded credit card exclusively for its members of the Best Price Modern Wholesale ‘B2B Cash and Carry’ stores, offering free credit up to 50 days.
  • The petroleum ministry asked Bharat Petroleum and Indian Oil to recover Rs 108 crores that they gave to its employees in the form of pre-loaded cards and vouchers on completion of 15, 20, and 25 years of service in violation of rules, as found by the CAG.
  • Yes Bank filed an insolvency petition against Jaypee Healthcare with claims worth Rs 189.4 crores.
  • The NSDL on 2nd December unilaterally transferred the securities back to client accounts that Karvy Stock Broking had illegally pledged with lenders.
  • The World Bank Group’s IFC – International Finance Corp said that it was leading a $200 million debt financing in Mahindra and Mahindra Financial Services as part of its plan to create a pool of financing for micro, small, and medium enterprises in low-income states.

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