Latest India Business News 6th September 2019 – Tentaran

Read Latest India Business News 6th September 2019:

  • Dentsu Aegis Network, the Indian unit of Japanese advertising giant announced Ashish Bhasin’s promotion as Asia Pacific chief executive making him the first Indian leader to join Dentsu’s global executive team.
  • Reliance Jio Fiber broadband services launched in nearly 1600 cities. Their plans start from Rs 699 onwards.

 

latest india business news 6th september

  • Reliance Industries Ltd is now looking ahead to buy fashion and child-focused retailing brands abroad. They are planning to partner with global sports and beauty brands as a part of their expansion in consumer markets which will also tap Indian’s rising disposable incomes.
  • As a result of the IL&FS crisis, The rapid metro in Gurugram might face closure as Haryana Government waits for NCLT to give decisions.
  • Amazon India will start their food delivery service from next month onwards. They have promised restaurants to charge a lesser commission in comparison to its competitive brands like Zomato and Swiggy. This will soon raise competition in the industry.
  • JSW Steel Ltd took over Bhushan Power and Steel Ltd for a bid of nearly Rs 20000 crores but, they are not entirely pleased with the verdict of the NCLT and might appeal the order before an appellate tribunal to seek further indemnities from liabilities of Bhushan Power.

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Latest India Business News 6th September 2019

  • In a regulatory filing by Sun Pharma, SEBI ordered the forensic audit for 3 of their financial years ending 31st March 2016, 31st March 2017, and 31st March 2018.
  • Managing Director of Mahindra & Mahindra, Pawan Goenka just recently said that if the slowdown is not reversed within the current fiscal year, their company might just undertake another shut-down to adjust production which will also be leading to job losses in the sector.
  • Birla Estates is planning to launch their maiden project in Bengaluru’s popular IT corridor Whitefield by the end of September. Their second residential project in Magadi Road is at the designing stage currently and will probably be launching next year.
  • The Global private equity company, Advent International along with Premji Invest have pumped in nearly Rs 1100 crores in Aditya Birla Capital.
  • Cognizant CEO, Brian Humphries highlighted cost competitiveness as an issue of the company resulting in less fixed pays to sales executives. He also said that they lost some major deals to TCS and Infosys in the past 2 years due to lack of competitiveness.

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Latest India Business News 6th September 2019

  • Tech Mahindra bagged a $1 billion-plus contract deal from AT&T Communications.
  • KKR, the Buyout major recently acquired a major stake of 90% in the EuroKods International for Rs 1475 crores.
  • NBCC told Supreme Court that they are willing to file a fresh proposal to overtake Jaypee Infratech which is currently facing insolvency proceedings.
  • ProPhysio, a start-up for Physiotherapy and rehabilitation raised an undisclosed amount of funding from NestaVera Group of companies.
  • DHFL which is a debt-ridden mortgage lender said that lenders were optimistic in supporting their resolution plan which will ensure a positive outcome for all.
  • The world’s largest carmaker, Volkswagen is considering CNG as an alternative fuel for the near future of the Auto Industry.
  • The Kerala High Court has directed state police to provide adequate protection to employees of Muthoot Finance who are willing to work at their office after facing protest of workers for revised salary structures and other benefits.

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