Today’s Business Headlines-10th April 2017-Tentaran.com

Here are the Business Headlines as on 10th April 2017:

 

Business Standard

  • Google pays female workers less than male counterparts, US govt says.
  • Capgemini to retrain all of its 1 lakh Indian employees in digital tech.
  • Well-being of entire team our top priority: Snapdeal’s Bahl writes to staff.
  • Jaypee Infratech’s MD, 3 other officials booked for duping investor.
  • Airtel, Vodafone, Idea saw most billing complaints in Oct-Dec quarter.
  • Bhushan Steel Gets S4A-Ready, Submits Final Proposal To Banks.Close to 50 banks have an exposure to the company.
  • Inditex, the parent of fast fashion chain Zara, has replaced the Managing Director of its Indian unit Sanjay Rao with Deputy Managing Director Ashish Dash.
  • FY17 equity MF inflows drop by 27% to Rs 51,000 cr due to market volatility. However, fund houses are upbeat about the industry’s performance in the new financial year.

 

Mint

  • Religare Enterprise Ltd. sale of its 80% stake in Religare Health Insurance to True North and other investors values the firm at Rs.1300 crore.
  • Netflix, Amazon set aside Rs2,000 crore each in battle for India market. Content producers say both Netflix and Amazon Prime Video are very aggressive, have ambitious programming budgets and keen to stream original content.
    Akzo Nobel India stock hits all-time high, but valuations yet to catch-up.
  • Ardom Telecom acquires Quanta Towergen. The Quanta Towergen acquisition is expected to provide Ardom Telecom a significant foothold into a fast-growing telecom infrastructure market.

 

Economic Times

  • HUL and P&G adopt opposite strategies in pre-GST run. HUL hopeful of decreased GST is stocking inventory at various levels of distribution.
  • FMCG, the sector giving best increments as of now, has also demonstrated sharp growth acumen during the last 2 years. 8-10 Brands have actually grown.
  • Foreign investors have pumped in a staggering USD 2.45 billion in Capital markets of India over the last 4 trading sessions only.
  • IREDA, the Indian Renewable Energy Development Agency, crossed Rs.10,000 crore investment in a single year in Green projects during 2016-17.
  • India Government clears path to launch SPV for executing Rs.26,000 crore project to build the country’s largest exhibition cum convention centre in Delhi.

 

Startup World

  • Cardekho, Online automobile search company is set is enter auto insurance broking business. Parent company has received licence.
  • Zaggle, a leading cashback company, has bought Pennyful.
  • Capital Float, a landing startup, has bagged Rs.15 Crore from M&M finance. They had raised Rs.17 Crore from IFMR Capital Finance in December 2016.

 

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