Read latest India business news headlines 12th June 2018:
– Consumer packaged goods firms are going heavy on digital to improve their market shared. Godrej, Patanjali, HUL, and Marico are among the firms that are adopting analytics and machine learning to manage the business.
– Former Supreme Court judge B.N. Srikrishna is trying to lead the effort of drafting new privacy laws in India to regulate Amazon, Facebook, and Google.
– At the Shareholders meeting on 5th July, Reliance Industries will seek approval to issue redeemable non-convertible debentures.
– CBI asked Interpol to issue Red corner notice against Nirav Modi and Mehul Choksi.
– NCLT admitted the insolvency plea by Andhra Bank against Sterling Biotech Ltd.
– The date of submission of binding offers has been extended by the Board of Fortis Healthcare to June 28.
– Aegon Life Insurance has announced the appointment of Saba Adil as the CEO of the company.
– The board of Usha Martin has approved a proposal to explore the sale of its steel business, marking a shift in strategy to revive the firm. The firm had earlier hired an investment banker to find a buyer for its wire rope business to pay down debts of around ₹4,700 crore.
– Panasonic India has decided to diversify its portfolio of services, from selling consumer appliances to providing complete solutions for a house or community.
– Ruchi Soya updates –
– The Australia and New Zealand Banking Group has approached NCLT seeking to be categorized as a financial creditor to Ruchi Soya.
– Patanjali and Adani group submitted their revised bids to acquire Ruchi Soya.
*News as published in Business Standard, Live Mint and Economic Times.