Read the latest India business news 9th October 2018:
Air India is making another attempt to raise Rs.500 crore in debt. It had also made a similar attempt last month but couldn’t succeed. The airlines need funds to meet working capital needs as also pay interest on the outstanding loans.
Alphabet will shut down Google+ as data of around 500,000 Google+ users may have been exposed to external developers.
Google Zoo has developed a voice-based bot for Flipkart which is being made available during the Big Billion Days sale. The bot gets customers into a haggling scenario as if they were at their local market.
L&T has said that it has bagged orders worth Rs.1,881 crore from the domestic and international markets.
Ikea will open its new store in Mumbai by the end of this year and will also hold a ground-breaking ceremony of its Bengaluru store on October 2011.
Mercer, the Global consulting firm has acquired Mettl, an online assessment SaaS platform, for an undisclosed amount. Mettl offers solutions to track and measure technical, aptitude and psychometric skills of potential and existing employees.
Paytm Mall is said to have planned to offer cashbacks worth around Rs.501 crore in the upcoming festive season sales this Diwali.
The due date for businesses to file their ITRs and audit reports for 2017-18 has been extended to 31st October.
Salesforce Ventures, the corporate venture investment arm of US-based technology company Salesforce Inc., is keen to evaluate investment opportunities in India. Salesforce Ventures has invested in around 275 companies across 17 countries since 2009.
Aye Finance, the small business loans provider, is looking to raise Rs.250-300 crore in a Series D funding round from new overseas investors. It has raised around ₹ 242 crore in external funding so far.
Videocon update – A consortium of lenders led by SBI has sought expressions of interest from companies to monetize the assets of VOVL in Brazil, Indonesia and East Timor. It plans to get around 50-55% of the total loan value of $4.5 billion lent to VOVL.
News credit: Livemint, Economic Times, Business Standard