Business news India: Latest India business news headlines today 1 June 2021

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Here’s today business news, the latest business news India today 1 June 2021.

  • Jai Kisan, a rural fintech startup, is said to have raised $30 million as part of its Series A funding round led by Mirae Assetin, The funding is a combination of equity and debt.
  • Plum, a group health insurance startup, is said to have raised $15.6 million as part of its Series A round of funding led by Tiger Global. Some of the existing investors also participated in the round.
  • SpiceJet is said to have deferred salaries for May for a large section of its workforce. It is also said to have reverted to a salary structure based on the hours worked (source: livemint)

latest business news india today 1 june 2021

  • IndiGo is said to have decided to send its senior employees on compulsory leave without pay for up to four days per month till September due to reduced traffic during the covid-19 pandemic.  (source: livemint)
  • T.V. Narendran, MD & CEO of Tata Steel has taken over as President of CII – Confederation of Indian Industry for 2021-22. He takes over charge from Uday Kotak.
  • Raymond Ltd is said to have appointed Harmohan Sahni as CEO of its real estate business. Sahni was previously with ECL Finance as COO.

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Latest business news India today 1 June 2021 – business news headlines today

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  • Adar Poonawalla has been appointed as chairman of Magma Fincorp in which his firm Rising Sun Holdings acquired a controlling stake.
  • Sebi is said to have extended the timeline for implementation of a framework for the enhancement of quality of disclosure of risk and performance and schemes portfolio.
  • Reliance Jio is said to have partnered with Japanese gaming giant SEGA. The partnership will allow users to download SEGA’s games in India through Jio STB, smartphones, and other devices.
  • Xiaomi claims to have built a new battery charging technology for smartphones that can charge a 4000 mAh battery in 8 minutes with wire and in 15 minutes through the wireless mode.

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  • Adani Wilmar has launched its own mobile app called ‘Fortune Online’. The company sells a large range of staples like pulses, sugar, edible oil, wheat flour, and many packaged foods.
  • A consortium of investors, led by The Carlyle Group, American PE giant, and Aditya Puri, former HDFC Bank CEO, will reportedly invest Rs.4,000 crores in PNB Housing Finance.
  • Reliance Retail is said to be in talks to become the India franchise of GAP.
  • AirAsia has extended free cancellation and rescheduling for its flights to and from Delhi, WB, TN, Karnataka, Maharashtra, and Telangana due to lockdown restrictions in these states.

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