Read Latest India Business News headlines 15th January 2019:
– Sachin Bansal has invested $100 million in Ola and is expected to invest more.
– Etihad Airways may gain effective control of Jet Airways if lenders approve the proposed resolution plan. Etihad may also raise its stake from the current 24%.
– Insurance Australia Group is considering to sell its 26% stake in SBI General Insurance.
– As per a CRISIL report, the new e-commerce rules may help boost topline for offline retailers by Rs.10,000-12,000 crores.
– Hotstar will soon start streaming original and exclusive content on its app and has tied up with 15 film-makers including Salman Khan and Shekhar Kapoor for the same.
– Flipkart has announced exit of Ananth Narayanan, Myntra CEO. Amar Nagaram will now head Myntra and Jabong both and report directly to Kalyan Krishnamurthy. Reportedly, CEOs post has been quashed at Myntra.
– Spotify and T-Series entered into a global distribution arrangement which would enable Spotify customer to access T-Series’ entire catalogue of Indian music.
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– Samsung has launched a new range of inexpensive smartphones for India. The move is aimed to win back customers and regain ground lost to Xiaomi and other Chinese rivals.
– ICICI Bank has inducted B Sriram, former MD SBI, on its board as independent director. Rama Bijapurkar, management consultant has also been appointed as director.
– Mumbai airport will soon stop manual stamping of boarding passes. Travellers will be able to authenticate their boarding passes by scanning its barcode or QR code with their mobile phones.
– Amtek Auto seems to be back in trouble as Liberty House, the successful resolution bidder, has failed to make the required payments.
– Mumbai Angels Network has tied up with Entrepreneurs Organization as their knowledge partner. EO is curating a list of startups that will have the opportunity to enrol in the 12-month accelerator program.
– Icra, the domestic rating agency, has said that there is a compelling case to revisit restrictive retail FDI policy as India has not been able to get enough investments.
– NCLT has asked SP Growth Partners, an investor in Reid & Taylor, as to how much it can deposit as EMD before filing the resolution plan.
News credit: Livemint, Economic Times, Business Standard