Latest India Business News Headlines 4 March 2019 Updates

Please follow and like us:

Latest India Business News Headlines 4 March 2019 Updates

  • ShareChat is in discussions with Tencent Holdings and others for raising around $200 million in funding at a valuation of $600-700 million.
  • 2 more planes of Jet Airways have been grounded taking the total number of grounded planes to 23, which is almost 20% of its total fleet.

Latest India Business News Headlines 4 March 2019 Updates

  • L&T shall rope in an external expert to investigate if any illegal payments were made by any of its employees on behalf of Cognizant. Cognizant reportedly routed $3.64 million through L&T for bribes to officials in Maharashtra and Tamil Nadu.

Must Read: Ways parents can help children cope with exam stress

  • SpiceJet shall start 10 new UDAN flights between 31 March and 15 April. Eight of these will connect Gwalior to different cities while two will fly on Bhopal-Udaipur route.
  • Nivaan Goyal, son of Naresh Goyal is likely to be named the executive director of Jet Airways. Nivaan has been leading negotiations with lenders for Jet Airways bailout. His appointment has the backing of lenders of Jet Airways and Etihad as SBI doesn’t want to deal with Etihad on its own.
  • DailyNinja is in early talks to raise fresh funding of around $18-20 million.
  • Banks need to lend Rs.1 Lakh Crore more before March 31, 2019, to meet the MUDRA target of Rs.3 Lakh crore set for fy 18-19.
  • California Burrito is planning to open 15 more restaurants by the end of 2019. It already operates 31 restaurants in Bengaluru and Delhi NCR.
  • As per the data released by DIPP, there was FDI equity inflow of Rs.57,333 crores to companies based in New Delhi in the first 9 months of fy19.
  • Pepperfry is planning to invest around $12 million on expansion and improving its supply chain pipeline.
  • The government has approved an Rs.14000 Crore SEZ project of Adani Power in Jharkhand.
  • Razorpay is in talks with Sequoia for raising fresh funding of $100 million. The deal may value the firm at around $450 million.

Recommended Reading: Are you cut out for working in a startup?

For more updates, Latest India Business News Headlines 4 March 2019 Updates, do Subscribe to our newsletter and follow us on FacebookTwitter, and Google+.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2022 All rights reserved.
× How can I help you?