India News Headlines: Latest India Business News 14th August 2020
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- Eduvanz, a digital non-banking company, has raised $5 million in a Series A round of funding led by Sequoia India.
- Tata Steel reported a Q1 consolidated net loss of Rs 4648 crores due to lower production and sales in domestic and European markets.
- Mukesh Ambani is planning to set up a family council to implement a collective governance structure in order to manage the family’s sprawling business empire as part of the group’s succession-planning process.
- A.M. Naik, Grouo Chairman at L&T said the Anti-China sentiment in India and around the world is a possible game changer for India Inc.
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Latest India Business News 14th August 2020
- Pharmaceutical companies with COVID-19 drugs reported rescue earnings in Q1.
- Tata Consumer Products is streamlining its distribution network in India as the company seeks to expand its direct reach and footprint in the market.
- Maruti Suzuki is aiming to increase the volumes of its mid-size SUVs. The company is planning to reposition its crossover vehicle, the S-Cross, as a mid-size SUV and is aggressively pushing the petrol variant of entry level SUV, the Vitara Brezza.
- Shriram Transport Finance Company on Thursday reported a Q1 decline in net profit by 50% to Rs 320.06 crores.
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Latest India Business News 14th August 2020
- Biological E has signed a pact with Janssen Pharmaceutica NV to manufacture J&J arm’s COVID-19 vaccine which is currently in Phase I and II clinical trials.
- Beetel, a popular landline phone maker, on Thursday announced its plan to make a foray into the mobile phone accessories segment with ‘Flix’ as their brand name.
- Hero MotoCorp on Tuesday reported a Q1 net profit decline by 95% to Rs 61.31 crores.
- WeWork India on Thursday offered a discount of upto 50% for 3 months to gain new clients amid COVID-19. The company has also given free access to its members to over 800 centres globally.
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