Business news India: Latest India business news headlines today 29 May 2021

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Here’s today business news, the latest business news India today 29 May 2021.

  • FanCode, a digital sports platform, is said to have raised $50 million from Dream Sports Investments.
  • Get My Parking, a mobility startup is said to have raised $6 million as part of a new funding round led by IvyCap Ventures. IAN Fund, its existing investor, also participated in the round.

latest business news india today 29 may 2021

  • Tata Sons are reported to have acquired a majority stake in BigBasket, an online grocery seller.
  • Aviation industry expert Sanjiv Kapoor (not the chef Sanjeev Kapoor) shared on Twitter that he will be joining the Oberoi Hotels & Resorts Group as President effective 1 June 2021.
  • AirAsia Berhad, which sold a major part of its stake in AirAsia to Tata Sons last year, has valued its remaining 16% stake at $18.8 million.

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Latest business news India today 29 May 2021 – business news headlines today

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  • The central government has given 15 days to video streaming services like Amazon Prime Video, Netflix, and digital news platforms to comply with the new rules which came into effect on May 26.
  • The government is reportedly considering some changes in the current FDI policy to allow overseas investors to pick up a majority stake in BPCL.
  • Zerodha, an online brokerage firm, is said to be planning to roll out ESOP buyback worth Rs.200 crore at a self-assessed valuation of $2 billion.
  • Phoenix Mills and Canada Pension Plan Investment Board have reportedly signed definitive documents for a new JV to develop a shopping mall in Alipore area of Kolkata.
  • RBI imposed a fine of Rs.10 crores on HDFC Bank for selling vehicle-tracking devices to its auto loan customers.
  • Instagram is said to be partnering with 27 Indian artists to host a live music festival called ‘Live In Your Living Room’ to raise funds for covid-19 relief efforts.

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Latest business news India today 29 May 2021 – business news India today

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  • Bajaj Healthcare has reportedly launched Posaconazole API, a medication to be used in the treatment of Black Fungus or mucormycosis infection.
  • Shopping Centre Association of India is said to have requested state governments to allow shopping centres and malls to start operations with immediate effect.
  • Civil Aviation Ministry reportedly said that due to the sudden surge of Covid-19 cases, from June 1 airlines can operate only 50% of their pre-COVID domestic flights instead of 80% permitted currently.
  • DGCA has extended the international travel restrictions till 30 June 2021. However, scheduled flights may be allowed on case to case basis.

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