Today’s India Business News Headlines – 14th June 2017 –

Please follow and like us:


Here are the Business News Headlines as on 14th June 2017:


  • Google India is working to bring under its umbrella approx. 41 million SMBs which are still not on the Digital Platforms through their Digital Unlocked programme, a training programme for creating awareness about digitization among SMBs. Google, along with the FICCI, plans to conduct 5000 offline classroom training programmes.
  • Jobs : Railways is on a hiring spree with around 25000 new employees set to join Railways in fy 17-18. There’s a shortage of about 225,000 employees in Railways.
  • Paytm Mall is working to get best advantage of its offline network of around 5 million merchants. They are working on to bring all of them on-board to upload their products and sell online.
  • SEBI plans to ease norms for companies which are majority owned by PE and VC firms and seeking to list on stock exchanges.Such firms will be allowed to list without their majority shareholders being classified as promoters, which results in certain obligations such as a lock-in period for shareholding.
  • Tejas Networks, telecom equipment maker, has raised Rs349.5 crore by selling shares to investors as part of the so-called anchor book allocation. Tejas has launched IPO to raise about Rs.450 crores from today.
  • RBI has said that 12 accounts representing about 25% of the gross bad loans in the banking system would be eligible for immediate reference for bankruptcy proceedings. The list includes Bhushan Steel Ltd., Essar Steel Ltd. and Alok Industries.
  • To gain ground in the fast-growing online grocery market, Amazon is in early stage talks to buy BigBasket.
  • Shopmatic, an E-commerce tech provider, has raised $5.7 million funding from ACP Pte, Spring Seeds Capital. Shopmatic enables online retail for small-time traders by creating a digital store, providing payment gateways and logistics solutions.


*Source : News as published in Economic Times, Business Standard and Mint.

For latest News, Views & More, Subscribe to our newsletter and follow us on FacebookTwitter and Google+


Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 All rights reserved.
× How can I help you?