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.