Latest India Business News 8th October 2018

Please follow and like us:
Follow by Email

Read the latest India business news 8th October 2018:

india business news 8th october 2018

– After securing a corporate agent license to enter into the insurance segment, Flipkart has partnered with Bajaj Allianz to offer customised insurance solutions for mobile phones.

– A 10-member Government panel will examine steep discounts being offered by e-tailers and whether they are subject to any restrictions in their access to dealerships from manufacturers.

– Qualcomm is planning to set up its largest campus outside the US in Hyderabad at a cost of around Rs 3,000 crore.

– Greenko Group has yet again started discussions to buy Orange Renewable from AT Capital Group of Singapore for about $925 million. The initial discussions started in June but the group later backed off.

Must Read: Indian Business tycoons that are fitness freaks

– US government’s development finance institution Opic is keen to back Indian start-ups looking for Series B, C and D round of funding instead of early start-ups. Opic has a $23 billion portfolio across 90 countries and offers political risk insurance, private equity and project finance.

– 1.8 million directors have been struck off MCA rolls due to KYC failure. Around 3.2 million updated their KYC forms.

– IKEA is expecting its online sales to be higher than its online sales in other countries, which is around $3.8 billion, 10% of its annual sales.

– A group of online sellers has approached CCI alleging Amazon gives preferential treatment to large sellers.

– Blackbuck, a logistics startup, has received Rs.202 Crores in a fresh round of funding with Sequoia Capital coming on board as a new investor.

– Yes Bank promoters Rana Kapoor and Madhu Kapur are said to be in preliminary talks to settle a long-drawn legal case against each other out of court.

– Reliance Industries increased prices of some key petrochemicals by 10-21% in the second quarter of this fiscal year. The y-o-y increase is 17-61%.

– Essar Steel update – VTB, Russia’s second largest banking group, is set to bid solo for the Essar Steel. The Supreme Court had allowed Numatel consortium led by VTB to bid for Essar Steel.

For more updates, do Subscribe to our newsletter and follow us on FacebookTwitter and Google+

News credit: Livemint, Economic Times, Business Standard

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 All rights reserved.
× How can I help you?