Latest India Business News 12th February 2020 – Tentaran

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Read Latest India Business News 12th February 2020:

Quote of the Day: “Going Digital is no longer an option, it is the default.” – Natarajan Chandrasekaran

  • The government approached the NCLAT to seek 270 additional days in order to complete the resolution process of 105 IL&FS group companies.
  • Brookfield Asset Management overtook Blackstone to emerge as the largest private capital investor in India in 2019.

latest india business news 12th february 2020

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Latest India Business News 12th February 2020

  • Allahabad Bank’s Q3 net loss widened over two-folds to Rs 1986 crores as compared to Rs 733 crores a year ago.
  • Coal India reported a 14% slip in the net profit for Q3 to Rs 3922 crores.
  • MakeMyTrip reported an operating loss of Rs 78 crores in Q3. They also announced their CEO, Rajesh Magow’s exit from the group.

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Latest India Business News 12th February 2020

  • Brick & Bolt raised around $1.5 million in a pre-Series A round of funding led by Surge – Sequoia India.
  • The Q4 net profit of Hexaware dropped down 8.6% to Rs 167.7 crores.
  • The IDBI Bank reported a net loss of Rs 5763 crores in Q3.
  • Ducati appointed Bipul Chandra as their new MD for its operations in India.
  • BHEL posted a 17% decline in profit to Q3 to Rs 162 crores.
  • Syndicate Bank reported a net profit of Rs 435 crores in Q3.
  • Uber India set up a new fintech team in Hyderabad that aims to work on financial products and technologies that support its riders and drivers.
  • Eight Roads Venture is planning to sharpen up its focus on the Indian software startups.

Also Read: Today News Headlines 12th February 2020

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