Latest India Business News 9th October 2019 – Tentaran

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Read Latest India Business News 9th October 2019:

  • Sequoia Capital India has started its second batch of startups from Surge, its accelerator program to find, help and fund, early-stage startups in India and South-East Asia.  The new batch of 20 startups to receive around $1-2 million each covers various sectors like robotics, clean energy, consumer internet, and social commerce.
  • The government is likely to invite bids to sell its stake in Air India, this time in full in the next month.

latest india business news 9th october

Latest India Business News 9th October 2019

  • EOW is likely to extend probe in PMC Bank to HDIL’s auditors, Rajeswari & Associates.
  • Multiples Alternate Asset Management is said to be in advanced talks to lead a $60 million funding round of Kissht, a digital lender.
  • WeWork India is set to enter into the Noida market and has taken around 3 lakh sq ft office space on lease to open three centers with around 3,900 seats.
  • As per a report released by RedSeer Consulting, a market research firm, e-commerce firms, including Flipkart and Amazon, have clocked around Rs.19,000 crores in GMV during the six-day festive sales.
  • Minda Industries, an auto parts maker, has signed a definite pact to acquire Delvis Gmbh, a German automotive lamp company, at an enterprise value of around €21 million.

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Latest India Business News 9th October 2019

  • Pepsi will enter into the fashion industry through a collaboration with HUEMN, a ready-to-wear label by Pranav Misra and Shyma Shetty, at the upcoming Lotus India Fashion Week SS20.
  • ReNew Power has put 300 MW of solar assets on sale reportedly due to the rising uncertainty in the industry.
  • PepsiCo India has been named as the winner of the US 2019 Secretary of State’s Award for Corporate Excellence in sustainable operations for its Indian sustainable farming initiative.
  • Bhaskar Bhat, MD, Titan has retired after being with the company for 33 years.  C.K. Venkataraman, CEO of Titan’s jewelry business, is taking over from him.
  • The government has deferred the sale of its under-construction steel plant in Chattisgarh as it may take another year to complete the plant.
  • Oyo is planning to enter into offline retail space by launching stores to sell wedding products to create a 360-degree ecosystem including wedding halls.

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Latest India Business News 9th October 2019

  • Infosys has acquired Eishtec, a customer contact center in Ireland for growth. The center has around 1400 employees.
  • The government is said to have identified 100s of products including electronic toys and daily use items for possible “import substitution” by discouraging their import.
  • Although Tata Motors has not officially announced the discontinuation of Nano, it has not produced any unit of Nano in 2019 till now and sold just one car in Feb.
  • Many luxury hotels have started setting up inhouse plants to manufacture glass-bottled water to reduce plastic consumption.
  • Uniqlo, the Japanese fashion retailer, is claimed to have sales of Rs.2.2 Crores in the first two days of opening its first Indian store in Delhi. It is planning to open some more stores within the next few months.

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