Latest India Business News 4th July 2019 – Tentaran

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Read Latest India Business News 4th July 2019:

  • K Raheja Corp has reportedly been finalized by Citibank as the buyer for its headquarters at Mumbai Kurla Complex for Rs.395 crores.
  • Union minister Ravi Shankar Prasad said in Parliament that Indian entities supplying US-origin technology components to Huawei may face penal action under American regulations.
  • Union Cabinet, chaired by PM Modi has approved the proposal for leasing out airports at Ahmedabad, Mangaluru, and Lucknow to Adani Enterprises.

latest india business news 4th july

  • The central government has moved Supreme Court against TDSAT order staying DoT’s demand of Rs.1,627 crores for allowing the merger of Bharti Airtel with Tikona Wireless.
  • With an aim to help SMBs scale up their operations, Facebook has announced partnerships with VC funds in India. Facebook will work with VC funds to skill and mentor SMBs by sharing insights on best practices and proven solutions.
  • Comcast, the US cable major, along with PE fund Blackstone and Lupa Systems, the family office of James Murdoch may bid for Zee Entertainment Enterprises.

Latest India Business News 4th July 2019

  • Ola has raised $11 million in its ongoing Series J round of funding from DIG Investment, Deshe Holdings, as also individual investors, including Samih Toukan and Hussam Khoury, co-founders of Dubai-based technology investment firm Jabbar Internet Group.
  • Bounce, the two-wheeler rental startup, has raised its final tranche worth Rs.10 crores in debt from BACQ Acquisitions led by Sachin Bansal.
  • Sajan Pillai, former CEO of UST Global, has announced plans to set up a $75 million VC fund to help startups. The fund is looking at concepts in areas like finance, healthcare, telecom, and retail.
  • Blackstone Group LP has reportedly purchased an office building at L&T Business Park in Mumbai for Rs.650-700 crores.
  • Vedanta will invest $245 million for finding oil and natural gas over the next 3-4 years.

Latest India Business News 4th July 2019

  • The promoters of Dish TV will be exiting the business by selling their stake to Airtel Digital TV for around Rs.5000 Crores.
  • DPIIT has summoned Zomato, Foodpanda, UberEats, and Swiggy for a meeting over complaints from restaurants about them engaging in deep discounting and predatory pricing.
  • Industrialist Basant Kumar Birla, the patriarch of Birla family, passed away in Mumbai yesterday. He was 98 years old.
  • Nabeel Mancheri, an economist and strategist from Kerala, has been appointed as Secretary-General of Global Rare Earths Industry Association, a European Commission supported organisation in Brussels.

Must Read: Union Budget 2019 Live Updates: When and Where to watch

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