Today’s Business Headlines-7th April

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Here are the Business Headlines as on 7th April 2017:

Economic Times
  • RJio made to withdraw Summer Plan due to protest from competitors.
  • Government kicks off Rs.21.47 Lac Crore spending plan.Sanction orders and funds released in 1st week of April itself.
  • HUL may downsize by 10-15% to follow global cost cutting.
Startup world
  • Practo lets go 150 employees as part of its annual review process.
  • Myntra focusses on the exclusive range and not discounts for its Big fashion gig from April 7 to 9. Hope to gets 4.5 Lac orders in 3 days.
  • ESOPs may get cover from long term capital gain tax; there was no direct mention of ESOPs in the recent CBDT proposal.
  • Falcon Brick gets Rs.4crore funding to enhance its mobile based solution for Construction projects and Business Development.
  • Paytm enters healthcare with investment in start-up QorQl.
Business Standard
  • After Manmohan’s intervention, Congress allows smooth passage of GST.
  • Dr Lal PathLabs eyes growth via acquisitions.
  • Jet Airways introduces 15-20% variable pay for top management to save costs.
  • Emami to invest Rs 1,000 cr to boost edible oil biz.
  • ADB scales down India’s growth to 7.4% for FY18.
  • Amazon declines to disclose sales numbers but claims 85% growth in March quarter.
  • SC refuses to give more time to Sahara Group to deposit Rs 5,000 crore with Sebi.
  • Infrastructure sector sees deals worth $3.49 billion in FY17. The majority of private market transactions in the fiscal ended 31 March were led by the power, roads and renewables sectors.

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