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BUSINESS NEWS FROM INDIA & WORLD (6TH JULY 2017)
India:
- Droom raises $20 million from Integrated Asset Management, others
- GST: Consumer goods firms in a fix over MRP sticker rules
- Amazon invests Rs1,680 crore more in its India unit
- China’s MG Motors to take over Halol plant as GM exits
- Israel, India launch technology fund during Narendra Modi visit
- Linking Aadhaar and PAN is not mandatory for all. Read who all are exempt
- Burgered: Is McDonald’s on a self-destruction mode in India?
- Flipkart-Snapdeal deal: Negotiations on for higher offer
- Startups brainstorm to improve last-mile Metro link
- After ‘war on roaming’, Airtel still charges for it
- Blackstone a deal away from becoming No 2 mall operator
- Snapdeal rejects Flipkart’s $700-750 million buyout offer
- Cyrus Mistry, firms to face Rs500 crore defamation suit
- $13 billion Rosneft-Essar deal gets crucial LIC nod
- AION buys stake in Kishore Biyani’s Ryka Commercial Ventures
- Jyoti Structures first to face bankruptcy proceedings under IBC
- ICICI Prudential to take over Sahara Life’s insurance business
- Cyrus Mistry, firms to face Rs500 crore defamation suit
- Start-ups in Karnataka to receive Rs400 crore boost
- Reliance Jio may disrupt the market again, with Rs 500 handset
- AirAsia India gearing up to start international flights
- Carlyle in talks to invest $200 million in UST Global
- Maharashtra government finishing work on bill to allow Mumbai shops to stay open throughout night
- Discoms save Rs 12,000 crore interest outgo after states take over debt
- Mahindra cuts prices of utility vehicle, SUV by up to 6.9 per cent
- Indian-promoted fintech firm InstaRem raises $13 mn in round-3 fundraising
- Adventz Group’s Texmaco signs $2-bn MoU for Israel light rail
- Spark Capital co-founder Thyagesh Baba to float investment firm
International:
- Volvo to make only hybrid, electric cars from 2019
- Airbus announces China order of 140 planes for $22.8 billion
- Troubled China tech giant LeEco confirms assets frozen
- Xiaomi to acquire key Nokia patents
- Airbnb hosts now have to register rentals; hoteliers welcome Paris decision
- Lyft’s growth is rocketing and the company is now doing a million rides a day
- Alibaba launches voice assistant undercutting Amazon Echo
- True Religion Apparel Files for Bankruptcy Court Protection
- Alipay Signs Agreement With Han Feng Group
- 500 Startups’ Dave McClure resigns on sexual harassment charges
- Chinese tech billionaire’s woes mount with asset freeze
- Worldpay shares soar further on takeover approaches
- Arnault Family Ups Christian Dior Stake to 94.2 Percent
- Retail Sales in Japan Increase in June
- Vivarte Sells Kookaï to Australian Licensee Magi
Source: World One Consulting