India News Headlines: Latest India Business News 13th July 2020

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Read Latest India Business News 13th July 2020:

Quote of the Day: “If today were the last day of your life, would you want to do what you are about to do today?” – Steve Jobs

  • RIL and Jio Platforms on Sunday announced that Qualcomm is committed to investing Rs 730 crores in Jio Platforms for a 0.15% stake.
  • Gaana is expecting to add almost 100 million customers over the next 12 months. The company is most likely to net the now-defunct TikTok users, mostly TikTok users.

latest india business news 13th july 2020

  • The government is working on a special resolution scheme to rescue the bankrupt MSMEs which is being finalized by the corporate affairs ministry under the IBC.
  • JSW Steel has decided to reduce its CAPEX target for FY21 by 45% to Rs 9000 crores against its earlier plan of spending Rs 16340 crores.

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Latest India Business News 13th July 2020

  • Policybazaar is expecting to return to profitability this fiscal on the back of a rise in demand for its insurance products amid the coronavirus pandemic.
  • Biocon Biologics has received an emergency use authorization from DCGI for Itoliuzumab to treat cytokine storms, which is one of the leading causes of death among patients with severe COVID-19.
  • Delhi-NCR witnessed the highest number of startups being founded between January and June 2020, on the back of its digital ecosystem, government support & infrastructure, including startup accelerators, incubators, and enablers.
  • METL, a subsidiary of RIL on Sunday said Tsuzuki will set up a manufacturing facility at its Jhajjar-based location in Haryana.

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Latest India Business News 13th July 2020

  • According to a report on Saturday, the Emirates airline has cut 1/10th of its workforce during the COVID pandemic.
  • Avenue Supermarts on Saturday reported an 88% drop in DMart’s Q1 consolidated net profit to Rs 40 crores.
  • According to data by KalaGato, nearly half of TikTok’s unique users have shifted to alternative platforms within just 48 hours after the Indian government placed a ban on 59 Chinese mobile apps.
  • SpiceJet on Saturday said it will operate flights from 4 cities to Ras Al Khaimah in UAE between 12 to 26 July for eligible “ICA-approved UAE residents”.

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