Read the latest India business news 5th November 2018:-
Sebi has shortlisted five companies including Deloitte and EY for improving online registration system, inspecting market intermediaries and enhancing the efficiency of complaint redressal process.
SBI has put up 11 NPAs for e-auction to ARCs and financial companies for recovering dues of around Rs1,019 crore. The list includes Janki Corp, Venus Remedies, SBS Transpole Logistics among others.
Amazon has put another Rs.122 Crore in its logistics arm Amazon Transportation. So far, Rs.675 Crore, excluding the latest round, have been infused in the firm.
Amazon is set to acquire a minority stake in Future Retail by next week for around Rs.2500 Crore.
After accusation by ShreChat, Chinese content giant ByteDance has changed the design of Helo, its Indian language content app and also tweaked its name.
Reliance Industries has received India’s first LC payment via blockchain from HSBC Holdings for an export to US-based Tricon Energy.
Adani Transmission has signed a share purchase agreement with KEC International for acquisition of its entire stake in KEC Bikaner Sikar Transmission at an enterprise value of ₹227.5 crore.
High Court has directed Darveys, an e-commerce site, to ensure that the products sold on its portal are not counterfeits. Christian Louboutin, women’s luxury shoe brand, had filed a case against them for trademark infringement.
Aavishkaar, India’s biggest homegrown impact investor, is planning to raise $300 million for its eighth fund early 2019. The fund, however, will this time focus on investments in countries like Indonesia, Vietnam, Myanmar, etc.
RPS Investment Fund, set up by Kabir Misra, managing partner of SoftBank, is ready to invest in Meesho, a social commerce startup and Acko, an insurance provider.
Altico Capital, a real estate-focused NBFC, has entered into warehousing and logistics sector with an investment of Rs.650 crore thru debt funding in Renaissance Group.
Sebi is evaluating the eligibility of Ashok Chawla to continue as chairman of National Stock Exchange. CBI named him in a charge sheet in Aircel-Maxis corruption case.
LiuGong India, a wholly-owned subsidiary of China-based Guangxi LiuGong, is planning to invest Rs 2.5 billion for strengthening its operations and making India a global sourcing hub. LiuGong has 20 manufacturing plants, with 17 being in China, one each in India, Poland and Brazil.