Latest India Business News 5th July 2019 – Tentaran

Read Latest India Business News 5th July 2019:

latest india business news 5th july

  • Naresh Goyal has filed a petition seeking cancellation of a Look Out circular issued against him.
  • Dewan Housing Finance after delayed payments on some of its obligations is now planning to ask banks to lend them around Rs.1500 crores every month to help them revive the company.
  • SoftBank is looking to deploy another $2-4 billion in India over the next two years as new investments.
  • The government has pitched for using data and analytics for social welfare and it’s citizen’s empowerment. The Government also made a case for greater engagement with the private sector in processing nonsensitive information.

Latest India Business News 5th July 2019

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  • The Government is optimistic that India will soon turn into ‘Detroit of Evs’, due to its potential to become the global manufacturing hub for EVs.
  • Ola has now got a license to operate in London.
  • L&T Finance has secured almost $550 million funding through external commercial borrowings anchored by the World Bank and 3 other investors.
  • Mindtree CEO, Rostow Ravanan was asked to step down as the new acquirer L&T prepares for a top management recast.
  • The tourism sector faced a drop of 2.1% in 2018-19. The forex dropped down straight at -3.3% in the foreign tourist arrival in India.

Latest India Business News 5th July 2019

  • The media and entertainment industry in India has grown by almost 82.4% in the past 5 years. The industry is now worth around Rs 1.67 lakh crores. India is the second largest pay-TV market after China now.
  • The Srei Infrastructure Finance along with its wholly-owned subsidiary Srei Equipment Finance have tweaked their restructuring plan in order to brighten their chances of becoming a bank.
  • The Supreme Court issued a notice to R Venkataramanan, a former managing trustee of Tata Trusts, on Shapoorji Pallonji’s plea challenging the quashing of its defamation case against him.
  • Yes Bank invokved pledged shares, ovr 9.4 percent, of Eveready over payment default.
  • HDFC has moved NCLT to claim that a portion of Jet Airways office in Mumbai was mortgaged to the Bank an dhence should not be considered for sale among the assets of airline.
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