Latest India Business News 14th February 2020 – Tentaran

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Quote of the Day: “The problem is not lack of Resources or Capability, but the lack of Will.” – Bal Gangadhar Tilak

  • Mindspace REIT was expected to raise around Rs 1000 crores by selling new shares but its IPO which was slated for March hit a roadblock after the Union Budget proposed to tax dividends at the receiver’s end.
  • Bharat Petroleum Corporation’s Q3 net profit jumped up nearly three folds to Rs 2051.43 crores.

latest india business news 14th february 2020

  • The government has appointed Rajiv Bansal (senior bureaucrat) as the chairman and MD of Air India.
  • Clover, a greenhouse agritech startup, raised $5.5 million in a Series A round of funding from Omnivore and Accel.
  • Avenue Supermarts is planning to sell up to 2.28% of a stake through an OFS to fetch around Rs 3032.5 crores.

Must Read: Today News Headlines 14th February 2020

Latest India Business News 14th February 2020

  • The ICAI president, Atul Kumar Gupta said that ICAI is planning to recommend greater disclosure by companies on how to meet with sustainable development goals.
  • Nestle India’s net profit for the quarter that ended in December was reported at Rs 473.02 crores.
  • Vodafone Idea narrowed down its net loss to Rs 6438.8 crores for the December quarter.
  • Price Waterhouse (PwC) will no longer provide non-audit services to companies that it audits in India.
  • Future Retail reported a 16.72% decline in its consolidated net profit at Rs 164.56 crores for the third quarter that ended in December.

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Latest India Business News 14th February 2020

  • Vedantu, an interactive online tutoring platform, raised $24 million in a Series C extension round of funding led by GGV Capital.
  • Hero Electric appointed Piyush Prasad as the national business head.
  • Meesho allowed some of its employees to sell their shares in the company in an ESOP buyback.
  • NestAway Technologies acquired ApnaComplex to expand its property management business.

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