Latest India Business News 4th September 2019 – Tentaran

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Read Latest India Business News 4th September 2019:

  • ESR has tied up with Future Group to develop two logistics parks in Nagpur and Gurugram with an investment of Rs.300 crores.
  • IndiaMART led a Series A round of funding of Rs.36 crores into ‘Vyapar,’ a billing and accounting software app.
  • CCI has cleared the proposed acquisition of Altran Technologies SA by Capgemini.

latest india business news 4th september

Latest India Business News 4th September 2019

  • Flipkart has introduced a Hindi interface for its marketplace.
  • Duff & Phelps, a global advisory firm, has announced the launch of a tech and innovation center at HITEC City, Hyderabad. World over, the firm has over 85 offices across 28 cities.
  • Delhi High Court has rejected a request from InBev for a stay on a 3-year sales ban imposed by the Delhi government due to evading local state taxes allegations which the company has denied.
  • L&T Constructions has bagged contract for construction of Navi Mumbai International Airport. The cost of construction would be between Rs.5000-7000 Crores.
  • Huawei Technologies believes that banning the company in India will delay the roll-out of 5G services by 2 to 3 years.
  • CashFlo, a multi-funder marketplace, has raised $3.3 million in a Series A round of funding from SAIF Partners and others. Cashflo currently caters to SMEs in over 30 cities.

Latest India Business News 4th September 2019

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  • Aarav Unmanned Systems’ multi-copter drone – Insight has become the first small category drone to be certified by DGCA for No-Permission No-Takeoff and manufacturing compliance requirements.
  • OYO has entered into a partnership with PlanetSpark to set up over 500 ‘new age’ learning centres for children. PlanetSpark currently has 400 learning centres across India.
  • B K Modi has announced setting up of an Overseas Citizen of India Investment Forum with a proposed fund size of $100 billion. As its first project, OCI investor forum will invest in Kashmir to develop 100 Global Wellness Hotels.
  • Reliance Power has partnered with JERA, the Japanese energy major, for its power project in Bangladesh.
  • Oyo is said to be in advanced talks to acquire student accommodation assets of Lovely Professional University around Jalandhar for around $200 Million.
  • Management and owners of Hills tea gardens have alerted that they may not be able to pay bonus @ 20 percent to the workers as being demanded by the trade unions.

Latest India Business News 4th September 2019

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  • Orios Venture Partners has appointed Rajeev Suri as MD. The fund has investments in various companies including BeatO and Country Delight.
  • SpiceJet has started daily flights between Hisar and Chandigarh.
  • DGCA has now allowed off-duty pilots to enter and travel in the cockpit on jump seat which was earlier banned. Pilots say that this will enhance safety.
  • Bajaj Energy has received clearance from Sebi for a Rs.5450 crores IPO.
  • AAI has banned single-use plastic at 20 more airports taking the total number to 55.
  • Mobikwik has appointed Goldman Sach’s India unit to manage its fundraise.
  • Rakesh Srivastava shall be taking over as MD, Nissan Motors. He was earlier Director for Marketing & Sales, Hyundai Motors.

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