India News Headlines: Latest India Business News 15th April 2020
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- ByteDance is planning to generate 40,000 new jobs globally amid the COVID-19 outbreak.
- Infosys Chief operating officer, UB Pravin Rao sees ’COVID as a tipping point for a digital workplace’ and said that the IT industry is facing its most challenging time.
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Latest India Business News 15th April 2020
- After 2 years of signing a deal, Hindalco on Tuesday finally closed its $2.8 billion acquisition of US-based Aleris Corp.
- Sudhanshu Vats, group CEO and MD of Viacom18 decided to quit the company after 8 years.
- Indian startups are trying to figure out strategies to keep themselves afloat during further extension of lockdown. Digital payments industry witnessed a 40% decline in March and are now shifting gear to an online-only approach to cover for the decline of payments at offline kirana stores.
- Motherson Sumi Systems’ board of directors approved to raise up to Rs 1,000 crores to secure liquidity.
- Zomato on Tuesday denied reports of acquisition of Grofers for around $750 million. The company has so far partnered with Grofers for the delivery of essential items along with other FMCG and grocery stores, only to meet the high demand amid social distancing and nationwide lockdown.
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Latest India Business News 15th April 2020
- Realme on Wednesday offered support to 25,000 people for 2 weeks as part of ‘Feed the Daily Wager initiative’ by Zomato.
- Maruti expects car boom after coronavirus lockdown ends. The company said that the coronavirus pandemic may turn out to be a blessing in disguise for India’s auto industry.
- IndiGo on Tuesday said it will resume its flight services from 4th May in a phased manner.
- Amazon on Monday said that it has plans to add 75,000 more jobs amid Covid-19 pandemic.
- Sanofi and GSK partnered to develop a vaccine against Covid-19, which, if successful, will be available in markets in the second half of the year.
- India’s leading drug companies, including Lupin and Dr. Reddy’s Laboratories, had their manufacturing facilities cleared by the USFDA in just 10 days.
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