Today’s India Business News Headlines – 27th June 2017 – Tentaran.com

Here are the India Business News Headlines as on 27th June 2017:

  • IT department has raised a tax demand of about Rs 24,500 crore on realty-based investment firm PACL (formerly Pearls Agrotech). The revenue demand pertains to six-year period, from AY 2008-09 to 2014-15. The company also owes more than Rs 57,000 crore to some 51.5 million investors.
  • GST Update – Government has deferred date of implementation for TCS/TDS. Now only e-commerce platforms will have to implement GST from July 1 and their vendors can register later.
  • Flipkart’s share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016. Part of increase in market share was on account of reporting sales of Myntra and Jabong since September 2016.
  • HDFC is planning to raise up to Rs 85,000 crore through various debt instruments.
  • Amazon founder and CEO Jeff Bezos said that they will keep investing in India. The firm has committed to investing $5 billion and half of its investments have so far gone into building infrastructure.
  • Prime Venture, a seed fund focused on financial technology space, is scouting for investments in lending, customer support and other areas that support banks. They want to partner with start-ups to grow their business.
  • Sebi’s quest for Sahara’s elusive investors has remained unsuccessful.Till 31 March, Sebi has managed to return only Rs85.03 crore to investors. Sahara has deposited Rs11,798 crore.
  • H&M has recorded has a sale of Rs.445 Crore ending November 2016. This augurs well for the Indian retail market worth $641 billion in 2016 which is expected to grow to $1.6 trillion by 2026.It is believed that H&M also contributes to nearly 25-35% of overall fashion sales for the likes of Amazon, Flipkart and Snapdeal.
  • Unilazer Ventures, owned by Ronnie Screwvala, has grown its stake in Easypolicy to 55%.
  • Stashfin, virtual credit facility provider, has raised $5million in pre-series A Funding from Snow Leopard Ventures and Alto Partners.

*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Your email address will not be published.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 Tentaran.com. All rights reserved.