Latest India Business News 4th December 2019 – Tentaran

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Read Latest India Business News 4th December 2019:

  • IKEA’s parent company, the Ingka Group is exploring investment opportunities in India, majorly in renewable energy, and everything connected to sustainability.
  • Lenders of Karvy’s pledged shares moved to the tribunal in order to recover over Rs 1000 crores of loans from the brokerage and now the SAT will decide who owns Karvy’s pledged shares.

latest india business news 4th december

  • Manappuram FInance is looking to raise nearly $250 million via bonds and the first tranche of the planned bond issue is expected to close within a week.
  • The centre is considering on offering concessional loans to state governments to help power distribution companies in clearing green energy dues.

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Latest India Business News 4th December 2019

  • The PSUs had set December 3 as the last date for employees of BSNL and MTNL to opt for the Voluntary Retirement Scheme and around 92700 employees – 78300 from BSNL and 14378 from MTNL opted for the scheme.
  • Eris Lifesciences bought anti-diabetes novel drug, Zomelis in India for nearly $13 million and will start selling the same in the Indian market from December 10 onwards.
  • Advent International along with Temasek sold shares of Crompton Greaves Consumer Electrical worth Rs 1275 crores.
  • The former BPSL CMD Sanjay Singal who was arrested on 22nd November moved to the court seeking a bail in the money laundering case.

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Latest India Business News 4th December 2019

  • NBSS and Suraksha Realty have both submitted in their final bids to acquire Jaypee Infratech through the insolvency process.
  • Wipro Consumer Care and Lighting in its 12th acquisition, bought Canway and their transaction for the same is set to be completed by January 2020.
  • Punjab & Sindh Bank is looking in to raise around Rs 500 crores through QIP.
  • Future Consumer, a part of Kishore Biyani-led ‘Future Group’ named Rajnikant Sabnavis as their new CEO effective January 1, 2020.
  • Siddharth Mittal has taken over as the new CEO and joint MD of Biocon from his former position of CFO and president-finance.
  • Y Combinator, a start-up accelerator has selected 28 Indian startups for its winter batch engaging in diverse sectors including fitness, farm and finch, etc…

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