Business news headlines: Latest India business news today 24 December 2020

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Read the latest India business news today 24 December 2020:

  • Tata Communications has acquired a 58.1% stake in Oasis Smart SIM Europe SAS, a France-based eSIM company.
  • Slurrp Farm, a start-up offering healthy snacks and meals for young children, has raised $2 million from Fireside Ventures in a Series A funding round.

latest india business news today 24 december 2020

  • Delhi High Court has ruled that Amazon’s attempt to control Future Retail through a conflation of agreements it has with the firm will be violative of the FEMA FDI rules.
  • Realme has entered into the premium smartwatch segment with the Realme Watch S Series.
  • Traders seeking an import license for tyres have been reportedly asked to submit an undertaking by DGFT declaring that they will only purchase those tyre sizes which are not manufactured locally. In case of failure to do that they could attract penal action.
  • To reduce debt, IL&FS will sell its Chinese road asset for approx. Rs.2074 crores to PingAn Insurance (Group) Company of China.

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Latest India business news today 24 December 2020 – business news headlines today

  • GoAir has launched a daily direct flight between Mangaluru and Mumbai.
  • RBI has warned the general public against unauthorized lending apps and platforms asking people not to fall prey to such activities.
  • Central Board of Indirect Taxes and Customs has introduced a new rule in GST that restricts the use of ITC for discharging GST liability to 99%. Businesses with a monthly turnover of over Rs.50 Lakhs will have to pay at least 1% of their GST liability in cash.
  • Embassy Office Parks REIT has raised Rs.3680 crores to fund the proposed acquisition of Embassy Tech Village.

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Latest India business news today 24 December 2020 – business news headlines today

  • The Central Government has issued a preliminary information memorandum for selling its stake of 63.7% in the Shipping Corporation of India. The sale, however, is likely to be spillover to FY 22.
  • Google has taken down a lending app ‘Udhaar Loan’ over trademark policy violation on the complaint of Indian lending startup Udhaar.
  • US International Development Finance Corporation has announced to invest $54 million in India to support the development of critical infrastructure projects.

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