Latest India Business News headlines 9th May 2019 – Tentaran

Latest India Business News headlines 9th May 2019

Flipkart has launched its online grocery store ‘Flipkart Supermart’ in Mumbai offering 10,000 products including around 600-700 of its private labels.

Philips India has elevated Kalavathi G.V. as the new CEO of the Philips Innovation Campus. Kalavathi currently heads global customer service and operations for Philips’ Healthcare Informatics business.

Latest India Business News headlines 9th May 2019

Netmeds is reportedly in talks to raise around $100 million.

Ceat has signed an MOU with the Tamil Nadu government to invest around Rs.4000 crores by setting up a greenfield tyre factory around Chennai.

The IT Department has warned taxpayers not to fall prey to SMS and emails asking them to submit a refund tax request by clicking on a link. The link prompts them to enter their password, ATM Pin, OTP, etc.

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Amazon is setting up a facility in Haryana to offer text and voice-based consumer support in vernacular languages.

Jet Airways:
– Enforcement Directorate has started an initial investigation into Etihad Airways’s investment in Jet Privilege programme.
– RoC has submitted its report on the books of Jet Airways to corporate affairs ministry. RoC had initiated the inspection of Jet’s books after the ministry asked it to check on any fund diversion.

PNB Scam – The third bail application of Nirav Modi has also been refused by a London court even after his lawyer upped his bail security to 2 million pounds. He will be appearing in court on 30th May for the hearing.

TVS Motors has invested $3.85 million in TagBox, an ML platform, as part of its Series A funding round.

IndiGo is planning to start operations in China and is in the process of securing necessary approvals for the same.

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Scoot, a Singapore Airlines arm, has started daily non-stop flight from Singapore to Thiruvananthapuram.

Apple has shortlisted a few sites in Mumbai for its first India retail store and is expected to finalise the place in the next few weeks.

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