Today’s Business Headlines-4th April 2017-Tentaran.com

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

• 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

• 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.

• 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.