Today’s India Business News Headlines – 28th June 2017 –

Please follow and like us:

Here are the India Business News Headlines as on 28th June 2017:

  • Indian garment manufacturers are setting up manufacturing in Ethiopia as it gives duty-free access to Europe and US markets. The companies include Raymond, Arvind Ltd, Best Corporation and JJ Mills among others and investments of around Rs.600 crore have already been lined up.
  • M&M’s tractor business is giving out more profit than their SUVs, CVs. Their profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr.
  • Bankruptcy proceedings have been started against Essar Steel and Monnet Ispat and Energy Ltd. These are among the 12 big bad loans cases identified by RBI.
  • Promoters of Jagran Prakashan, publisher of Dainik Jagran, have purchased the entire stake (12.82%) held by private equity investor Blackstone Group in the company.
  • Sony Corp. has joined Google, Facebook, Amazon in chase for AI developers. It has opened up access to its deep-learning software tools to attract AI developers. Under this free licence programmers can distribute, modify and use the software for any purpose without paying royalties.
  •, Bengaluru based e-com company which runs AI based personal assistant, have raised $2 million in Series A funding from SAP.iO and existing investor Unilazer Ventures.


*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Your email address will not be published.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 © 2022 All rights reserved.
× How can I help you?