India News Headlines: Latest India Business News 15th August 2020

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Read Latest India Business News 15th August 2020:

Quote of the Day: “Focus on being productive instead of busy.” – Tim Ferris

  • Nykaa, an online beauty retailer which entered the unicorn club recently, is now betting big on fashion. The company had also recovered its sale by over 90% as compared to pre-COVID levels.
  • Chinese investments in Indian startups have dipped following the changes in FDI rules that made prior government approval mandatory for investments from countries that share a land border with India.

latest india business news 15th august 2020

  • Tata Sons on Friday intensified the battle for the IPL title sponsorship as the company set foot to submit an EoI.

Must Read: Weekly Business News: India Business News Weekly Roundup 10th to 15th August 2020

Latest India Business News 15th August 2020

  • Reliance’s family council which focuses on ensuring smooth handover of India’s most valuable company to the next generation is set to be replicated by multigenerational family-run businesses in India.
  • Glenmark Pharmaceuticals on Friday reported a Q1 net jump over two-fold to Rs 254 crores after Favipiravir launch.
  • The All India Organization of Chemists and Druggists (AIOCD) on Friday wrote to Amazon’s Jeff Bezos, calling the company’s launch of e-pharmacy in India ‘illegal’.
  • KKR and L&T Finance on Friday sold part of their stakes in CG Power and Industrial Solutions for a total of over Rs 63 crores through open-market transactions.
  • GoAir on Friday announced Kaushik Khona as its new CEO, replacing Vinay Dube with immediate effect.

Must Read: Check out all the Interesting Sports News of this week 10th to 15th August 2020

Latest India Business News 15th August 2020

  • Hero MotoCorp plans to increase its two-wheeler production to build dealer inventory on expectations that a rebound in sales of entry- and executive-level motorcycles will sustain till the upcoming festive season, due to robust rural demand.
  • NTPC on Friday posted a net profit fall by 6% to Rs 2948 crores during the quarter that ended in June.
  • Hindalco Industries reported a Q1 consolidated net loss of Rs 709 crores.
  • The SC on Friday refused to extend interim bail granted to Unitech promoter Sanjay Chandra in connection with an alleged homebuyers fraud case.
  • IHH Healthcare proposed to rebrand Fortis as ‘Parkway’ to distance the firm from the Singh brothers. This was approved by Fortis’s board on Friday.
  • Aurobindo Pharma said the company is expecting its proposed vaccine candidate for COVID-19 to undergo Phase I and II trials by the end of 2020. The company’s Phase III may be undertaken during March-April next year.
  • BPCL, a PSU oil marketing major, is expecting to complete privatisation by March 2021.
  • The government plans to offer land near its ports to companies for manufacturing solar equipment. This comes as a decision as the government seeks to attain self-reliance and challenges the dominance of China in one of the world’s largest green energy market.

Must Read: Bollywood Weekly News 10th to 15th August 2020 – Check out all the Bollywood gossips

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