BUSINESS STANDARD France's: LVMH close to buying Tiffany after sweetening the offer From SpiceJet liquidity mash to Paytm raising $1 bn, here are the main 10 business feature of the day
WORLD NEWS: 1. Karvy a tip of the chunk of ice: Lens on 3 dozen specialists for Rs 10k-crore finance misuse Market controller Securities and Exchange Board of India (Sebi) has prepared firearms on more representatives for enjoying the act of utilizing customers' offers. Sources state the issue isn't restricted to simply Karvy Stock Broking, with more than three dozen additional merchants under focal point for abusing customer assets to the tune of Rs 10,000 crore. 2. SpiceJet faces liquidity crunch, plans to raise Rs 750 crore by means of QIP SpiceJet, India's second-biggest aircraft, is intending to raise around Rs 750 crore by selling new offers, three individuals mindful of the improvement said. The carrier is thinking about a certified institutional situation (QIP) as a drawn-out establishing of the Boeing 737 MAX airship and an extreme passage war have put the aircraft's asset report under strain. 3. Dependence prone to make an offer for RCom and its related organizations today Having requested a 10-day expansion from a Resolution Professional, Mukesh Ambani's Reliance bunch is required to make an offer for his sibling Anil Ambani's Reliance Communications (RCom) and its related organizations on Monday. The organizations are available for anyone as going worries from the Anil Ambani stable under the Insolvency and Bankruptcy Code (IBC) process. They incorporate RCom, Reliance Telecom (which has the range), and Reliance Telecom Infrastructure which houses the pinnacle and fiber resources. READ MORE:
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