Today’s Business Headlines-4th April

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Here are the Business Headlines as on 4th April 2017:

Business Standard
  • PE firm Warburg Pincus invests Rs 500 crore in Kalyan Jewellers
  • Experts say RERA rules would prevent Unitech-like situations
  • Infosys deflects Murthy’s criticism, says Rao’s hike must to retain talent
  • ‘The Lalit’ plans to go asset light; IPO on the cards
  • Cognizant bows to investor pressure on costs: 10,000 likely to lose jobs
  • From June, fertiliser firms to get subsidy after PoS retail sale
  • New GST rules may impact auto, consumer durables
  • Govt to build 59,000-km rural roads in FY18
  • Mahesh Jain is IDBI Bank’s new CEO
  • Crisil sees weak recovery on spike in bad loans to 10 per cent by March
  • India, Malaysia sign $36-bn investment proposals
  • Tata Power acquires Welspun’s renewable energy assets
Economic Times
  • VLCC in final stage to buy WellScience Health
  • Petronas plans to invest $150 million in India’s lubricant market
  • ICICI, Axis Bank sell Rs.1800 crore of loans to Ballarpur to Edelweiss
  • Nifty closes 9200, Sensex close to 30,000
  • No Capital Gains tax on share transfer via IPOs, Bonus Issues. Even if no STT was paid on transfer by a genuine investor.
  • Essar said it will sell its BPO company ‘Aegis’ to Capital Square.
  • Donald Trump begins crackdown on H-1B visa programme.
  • RBI clears proposal to introduce Rs.200 notes.
  • Govt plans new equity savings scheme with bigger tax benefits, easier norms.
  • UK’s Hammond to meet Arun Jaitley today to promote bilateral trade, investment.
  • Urban Ladder hit by flurry of top-level exits
  • Manufacturing PMI: India fourth from top in Asia.
Startup world
  • BigBasket in early discussion with multiple financial and strategic investors to raise approx. 150million USD to expand its warehousing and cold chain facilities.
  • WayCool, a fresh produce distribution startup, gets $2.7m from Aspada.
  • Fintech company Perfios, expert in aggregation and analysis of financial data, helping digital lenders to decide on an application; has raised about Rs.40 crore in a series A round from Bessemer Venture Partners.
  • NTex Transportation Services, which operates logistics platform ElasticRun, has raised approx. Rs.47 Crores through Norwest and Kalaari Capital.

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