Top India Business Headlines 14th Feb 2018 : - SBI is geared to act tough on Videocon Industries and is seeking direction from Insolvency and Bankruptcy Board of India if it needs to file separate IBC cases against certain affiliates of Videocon Industries, who are jointly liable for loan repayments.
• Amazon India is looking to expand its private label business to close the gap with Flipkart, which is aggressively launching its own private labels. Latest News India amazon has so far launched a few private label brands in fashion and apparels, hard-lines or categories such as small furniture and home appliances and smartphones.
• Hindustan Unilever, India’s largest advertiser, has warned social media platforms like Google and Facebok, that it will reduce its spends on their platforms if they don’t filter out content which creates divisions, exploits children and hurts religious sentiments. India Business headlines Last year spend of HUL on global marketing was $9.4 billion .
• As per an EY report, PE/VC deals have doubled to $3.5 billion in January. Compared to December 2017, investments grew by 32% in value terms. Out of the above, five deals of value greater than $100 million, aggregating $2.78 billion, accounted for 79% of total investments made in January, the top deal being for $1.7bn investment in HDFC.
• HC has upheld Delhi airport’s order on IndiGo and SpiceJet to shift operations from T-1 to T-2 and has directed them to approach Delhi airport within one week regarding shifting. Start world news