Today’s India Business News Headlines – 19th July 2017 –

Please follow and like us:


Here are the India Business News Headlines as on 19th July 2017:


  • US-based private equity firm Blackstone has bought commercial property of Mumbai-based multiplex operator Carnival Group in Chandigarh for Rs.2200Crore. Carnival sold the property as it was a non-core asset for them.


  • Pocket Aces, which creates long and short format content for digital consumption, has entered into a partnership with WebTV Asia, a multi-platform digital media entertainment company. Its content will be available on one of China’s biggest websites, Youku Tudou, owned by Alibaba. Pocket Aces is the first Indian digital media company to have a presence in China.


  • Nandan Nilekani has warned that consolidation of user data on a few digital aggregators could put the country under a new model of colonisation and said that a new privacy policy should be made that gives users control over the data.


  • Bankruptcy proceedings against Monnet Ispat and Energy Ltd and Alok Industries Ltd were approved by different benches of NCLT. Jyoti Structures was the first among big 12 firms identified for early bankruptcy proceedings by RBI.


  • Till 7 July, airlines had to charge Rs578-1,335 as user development fee from passengers at Delhi airport. This has now been slashed to Rs10 and Rs45 for domestic and international flights, respectively. Passengers who have flown to or from Delhi airport after 7 July can seek refunds for the excess amount paid.


  • Furniture and consumer durables rental start-up RentoMojo has raised $10 million in series B funding from private equity investor Bain Capital Ventures and fintech entrepreneur Renaud Laplanche. Existing investors Accel Partners and IDG Ventures contributed 20-30% of the fund and have increased their share in the firm.


  • Healthcare start-up CureFit has bought Bengaluru-based yoga centre brand a1000yoga to expand its mental wellness offering. a1000yoga has three yoga centres and 1,000 customers.


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

For more updates, do 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Your email address will not be published.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?