Latest India Business News Headlines 4th July 2018

Read latest India business news headlines 4th July 2018:

india business news headlines 4th july 2018

  • Tata Group is evaluating a proposal to merge its food and beverage businesses into a single company. The move is aimed at increasing efficiency and to simplify the group operations that include around 100 independent operating companies.

 

  • IFC has invested ₹640 crore in Mahindra and Mahindra Financial Services, which will enable growth for Mahindra by extending loans to farmers and enable them to buy vehicles, tractors and other equipment.

 

  • Zomato has hired Mohit Gupta, former COO MakeMyTrip, as CEO of its online food delivery business. Zomato witnessed exit of several senior executives in the recent past.

 

  • InCred gets RBI nod for wholesale lending business. It plans to begin wholesale lending from August and is in talks to raise fresh funding of around ₹600 crore for the same.

 

  • Fortis update – IHH Healthcare and TPG-Manipal are the only two bidders left for Fortis. Hero-Burman and Radiant Healthcare have opted out of the process. The binding bids will be evaluated by the board of directors in consultation with its advisors.

 

  • Anil Agarwal’s Volcan Investments is planning to acquire Anglo American Plc’s South African business by merging it with Vedanta Resources through a share swap. The merger, if goes through, will create an entity valued at about $7 billion.

 

  • Manappuram Finance has acquired an 85% stake in Indian School Finance Co. from existing impact investors Gray Matters Capital and Caspian. The deal values Indian School Finance Co., focussed on education sector lending, at ₹248.5 crore.

 

  • Automation Anywhere, a robotics process automation firm, has raised $250 million in a series A round led by New Enterprise Associates and Goldman Sachs. The funding values the company at $1.8 billion. RPA is a fast-evolving technology which uses bots to automate business processes.

 

  • MacroWagon Retail, one of Flipkart’s largest vendors, has sent a legal notice to Flipkart on non-payment of dues and damages of around Rs.20 Crores.

 

  • As per the details shared by Facebook, Airtel and Saavn had access to FB user data even after 2015. Airtel had said that the access ended in 2013.

 

  • Government’s flagship scheme to go paperless at airports has hit a hurdle as UIDAI has refused to share biometric data with the aviation authorities. The aviation authorities are now exploring other identity options.

 

  • Amazon is looking to leverage its Prime Now app in top four cities during its Prime Day sale to offer ultra-fast two-hour delivery. It will offer 200 new launches across categories during its Prime Day sales to be held on 16th and 17th July.

 

For more 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. The usage of the content and images on this website is intended to promote the works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2018 Tentaran.com. All rights reserved.