Latest India Business News 6th June 2019 – Tentaran

Latest India Business News 6th June 2019
  • Essel group has sold two transmission assets to a fund managed by Edelweiss. The group is trying to reduce its debt.
  • Wipro will acquire US-based International TechneGroup Inc for $45 million. ITI offers Computer Aided Design and Product Lifecycle Management interoperability software services from its offices in the UK, Italy, Israel, and Germany.
  • PM Narendra Modi will head two separate Cabinet committees on investment & growth and employment & skill development.

Latest India Business News 6th June 2019

  • The government’s investigations into the accounts of Jet Airways and Naresh Goyal could derail revival plans of the airline.
  • Jaguar Land Rover and BMW Group will work together to develop next-gen electric drive units which will support both the companies’ overarching technology advancements.

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  • NoBroker.com, a brokerage-free real estate platform, has raised $51 million in a Series C round of funding led by General Atlantic. Its existing investors SAIF Partners and BEENEXT also participated in the round. The firm has so far raised $71 million.
  • RBI has approved the sale of DHFL’s stake in Avanse Financial to Warburg Pincus Group. DHFL board had on 16th March approved the divestment of the company’s entire 30% to Olive Vine Investment, an affiliate of Warburg Group.
  • Crisil has downgraded CP of Dewan Housing to D from A4+, while Icra cut its rating to D from A4.
  • The Government may infuse around Rs.4000 Crores in three Insurance PSUs.

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  • Instagram has introduced a new opt-in feature that will allow users to view the content with reduced image loading time thereby using less data.
  • IRDAI has approved a third-party motor premium increase of 4.4 percent for bikes and 12 percent for cars.
  • Lufthansa has equipped all its long-haul aircraft with mobile ECG. This will allow flight attendants to record ECG for a passenger and sent the results directly to a medical hotline on the ground in an emergency.
  • MG Motors India is planning to manufacture electric vehicle EZS at its facility in Gujarat.
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