Latest India Business News Headlines – RBI is drafting a guideline to make all borrowers having a working capital limit of more than Rs150 crore to compulsorily borrow through the demand loan of around 40% of the limit before touching other modes like cash credit, overdraft, bill discounting etc.
Paytm has said that Paytm inbox, its in-app chat feature, has crossed 120 million active users. Now the company shall focus more on the small cities and towns with regional content.
Videocon case – Chanda Kochhar shall remain on leave till an independent inquiry of the Videocon case is completed by the Bank. The bank has appointed Sandeep Bakshi as COO by creating a new top position.
Prominent Chinese entrepreneurs are seeking to invest in Indian starts which are still in the incubator stage. Around 10-15 Chinese entrepreneurs are looking to invest in sectors across education technology, financial technology, social, content and online commerce verticals. In 2018 YTD, the Chinese investors have already parked around $30 million in four Indian early-stage start-ups.
3 foreign investors have cut their shareholding in ICICI bank after the allegations of Corporate Governance and questions raised on Chanda Kochhar.
SEBI shall act as custodian of securities for Yes bank. It will enable Yes Bank to play a huge role in channelizing its investments into Indian Financial Market.
TCS opened a new delivery center in Suresnes, France which can accommodate 230 employees, making it the third such unit opened in France.
Paytm has acquired Delhi based technology startup Cube26, to boost customer experience for an undisclosed amount. Cube26 develops customized Android OS for original equipment manufacturers.
Based on Earlier established cases, CCI is likely to approve Flipkart Walmart deal.
ED said that Vijay Mallya would be the first to be tried under Fugitive Economic Offenders Ordinance.