Latest India Business News 5th August 2019 – Tentaran

Please follow and like us:

Read Latest India Business News 5th August 2019:

  • The government is set to frame rules for ride-hailing firms. The new rules will address surge pricing, types of permissible vehicles, liabilities, responsibilities in case of an accident, crime, or any other incident.
  • Sebi is scanning InterGlobe Aviation’s shareholders’ agreement to check for any violation of the rights of individual shareholders and minority investors.

Latest India Business News 5th August 2019

  • Embassy Group and Blackstone Group are evaluating options to buy the remaining 14 percent stake of the promoters in Indiabulls Real Estate.
  • Deloitte has quit as the auditor of Dewan Housing.
  • Reliance Industries has entered into an agreement with Shopsense Retail, a software technology firm, to acquire a significant stake for up to Rs.295.25 crores.

Must Read: Celebrities’ birthdays in August

  • Hero MotoCorp has plans to deliver bikes and scooters at customer doorstep at a charge of Rs.349 in around 25 cities and has launched the service in Noida, Bengaluru, and Mumbai.
  • NCLAT has stayed eviction of Sterling Biotech from its premises as the company was going through liquidation and was under the moratorium period. Sterling Biotech has a total debt of over ₹9,000 crores and its
  • Promoters Nitin and Chetankumar Jayantilal Sandesara are reportedly absconding.
  • CEO of Britain’s Cairn Energy PLC has said that the firm is keen to reinvest in India if a retrospective tax issue it is facing is resolved.
  • Cred is said to be close to finalizing a $125 million Series A round of funding at a valuation of around $450-500 Million. Cred is the second venture of Kunal Shah.

Must Read: Kashmir unrest live updates: Amit Shah to make the announcement in both houses at 11 am & 12noon

  • The US has barred Indian carriers from doing self-ground handling at American airports. The move is believed to be in response to India’s action of not allowing FedEx and other US passenger airlines to do self-handling at Indian airports.
  • To promote rural innovators and startups, the National Institute of Rural Dev and Panchayati Raj shall be organizing a two-day event on 27-28 Sept.
  • As per a report, the sales of Patanjali have reportedly shrunk in cities and the growth in rural areas has reduced to a third.

For more articles like, ‘Latest India Business News 5th August 2019’  do follow us on FacebookTwitter, and Instagram.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2021 Tentaran.com. All rights reserved.
× How can I help you?