Latest India Business News 8th July 2019 – Tentaran

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Read Latest India Business News 8th July 2019:

  • NCLAT has directed Mumbai bench of NCLT to pass an order over insolvency plea against 15 Videocon group companies within the next three weeks.
  • Ashwani Lohani, Air India chief has reportedly called a meeting of all the 13 unions of the airlines today to discuss terms of privatization.
  • As per data from Venture Intelligence, startups raised $1.17 billion in the first six months of 2019, rising from $994 million in the same period last year.

latest india business news 8th july

 

  • Reduction of the corporate tax rate to 25 percent will reportedly benefit around 4000 companies while the government may have an annual revenue loss of around Rs.3000 Crores.
  • To simplify operations and attract different investors, Oyo may restructure its business into three units – India, International and Technology & brand licensing.

Latest India Business News 8th July 2019

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  • KKR and Baring PE Asia are leading the discussions to acquire a controlling stake of 75-80 percent in CitiusTech with a bid of around $800 million. CitiusTech is a healthcare technology solutions and services provider.
  • FM Nirmala Sitharaman shall be addressing RBI’s Central Board today to highlight keywords of the Budget.
  • Ritesh Agarwal, the founder of Oyo, is reportedly in talks to buy back shares from early investors Lightspeed Venture and Sequoia Capital to increase his share in the company.
  • As per a proposal in the Union Budget 2019, Sebi may give listed companies two years to increase their minimum public shareholding from 25 percent to 35 percent.
  • Zomato may launch home-made food service where people will be able to order home cooked food. Swiggy is already said to be offering this service to around 1000 customers in Gurgaon.

Latest India Business News 8th July 2019

 

  • GoAir has announced seven new international routes with daily flights from Delhi and Mumbai to Muscat, Abu Dhabi and Bangkok, Kannur to Dubai and Kuwait.
  • To speed up delivery, Amazon India is adding two new specialized warehouses in Guwahati and Patna and will also be expanding its fulfillment centres in Mumbai and Delhi.

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