Latest India Business News Headlines 18th January 2019

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Read Latest India Business News headlines 18th January 2019:

india business news headlines 18th january 2019

Naresh Goyal does not want to give away control of Jet Airways. He has told SBI that he is ready to invest up to Rs.700 crores and pledge all his shares, provided he is allowed to retain at least 25% stake. Etihad Airways, on the other hand, has sought to oust him in exchange for infusing funds.

As per a RedSeer survey for October to December 2018, Swiggy ranked No.1 in trust and customer satisfaction with a total score of 96, followed by Zomato having 82 points, Uber Eats 73 and Foodpanda 70.

SoftBank is set to invest $400 million in FirstCry for around 40% stake. The deal will value FirstCry at $600-700 million.

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Hero Future Energies is in talks to acquire solar power project of Fotowatio Renewable Ventures in India. Fotowatio Renewables having investment in Andhra Pradesh is the largest Arabian green energy utility.

IIFL Asset Management has raised Rs.950 crores for its IIFL India Private Equity Fund. The fund will back professional entrepreneurs at multiple stages.

The Board of UCO Bank has approved raising Rs.1000 Crores through QIP.

Prasar Bharti has said that all the OTT service providers must necessarily carry all Doordarshan Channels.

IT Deptt has sent a notice to Oyo for furnishing inaccurate income details during ay 16-17.

Pay package at IIM-K has risen by around 16% this year. The top half of the students got an average CTC of Rs.23.73 Lakhs.

Serious Fraud Investigation Office has received approval from MoC to prosecute 71 individuals and companies in the NSEL scan of Rs.5600 Crores. The list includes 63 moons and its founder Jignesh Shah, the now-defunct spot exchange.

GoAir wants to start direct flights to Thailand from seven more cities due to increased demand. It currently flies from Mumbai, Delhi and Bangalore.

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Scoot, Singapore’s low-cost airlines, has announced flights to 3 new destinations – Trivandrum, Visakhapatnam and Coimbatore. The airlines currently fly to Amritsar, Chennai and Jaipur.

Indian Railways will soon launch a 5-star lounge at Tirupati Railway Station to cater to lakhs of devotees visiting Tirupati every year. An estimated 1.5 Lakh people visited last month.

SBI chairman Rajnish Kumar said that Section 29A of Insolvency and Bankruptcy Code is being stretched too far and needs more clarity. The clause disallows defaulting promoters and related persons from bidding for assets.
In a first for any private company, Reliance Industries reported a quarterly profit of Rs.10,000 Crores during the third quarter of fy18-19.

DGCA has barred IndiGo and GoAir from flying A320 Neo aircrafts with PW engines to port

blair and long overseas routes.

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News credit: Livemint, Economic Times, Business Standard

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