India News Headlines: Latest India Business News 12th August 2020

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Read Latest India Business News 12th August 2020:

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  • Public-transit focussed payments startup, CityCash raised $1 million as a part of its seed round of funding from Orios Venture Partners.
  • As deal-making goes virtual, venture capital funds expect startup founders to provide detailed product demos & video walkthroughs, sharper pitch decks, and deeper domain knowledge during remote pitching to raise funds.

latest india business news 12th august 2020

  • SEBI pulled up Kirloskar promoters with a fraud in a decade-old case of the promoter group selling a 13.5% stake in the then-ailing company to Kirloskar Industries Ltd, harming the interests of minority investors.
  • India’s B9 Beverages that crafted Bira is planning with foreign investors to sell a stake of up to 20% in the company.
  • General Motors’ CFO resigned after 2 years to take a job at a fintech startup called, Stripe.

Must Read: Today News Headlines 12th August 2020

Latest India Business News 12th August 2020

  • The Inox Benefit Trust on Tuesday sold a 4.32% stake in INOX Leisure for Rs 101 crores to ADIA and HDFC.
  • Adani Ports and SEZ on Tuesday reported a net profit decline by 26% in the June quarter to Rs 757.83 crores.
  • Equinix Inc on Tuesday announced its acquisition of GPX India for $161 million.
  • Bosch Ltd reported a 64% YoY decline in its standalone revenue from operations in the June quarter to Rs 992 crores.

Must Read: Aaj ke Samachar 12 August 2020

Latest India Business News 12th August 2020

  • Central Bank of India on Tuesday reported a 21% increase in its Q1 consolidated net profit to Rs 147.21 crores.
  • HDFC Ltd on Tuesday said the company raised Rs 10000 crores equity capital in QIP.
  • Power Grid’s Q1 decline by 18% in its consolidated profit after tax to Rs 2048 crores.
  • Motherson Sumi on Tuesday reported a Q1 consolidated net loss of Rs 1191.65 crores.

Must Read: Special Day Today: What is Today in history India 12 August

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