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

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Read Latest India Business News 15th July 2020:

Quote of the Day: “If you don’t fail at least 90% of the time, you’re not aiming high enough.” – Alan Kay

  • Dabur’s Burman family, on Tuesday acquired an 8.48% stake in Eveready Industries. It now holds shares of 19.84%.
  • Passenger vehicle sales in India almost halved  in June after the coronavirus outbreak caused widespread disruptions to factory operations and dented consumer demand.

latest india business news 15th july 2020

  • The US welcomed the UK ban on Huawei’s 5G networks. It praised RIL and said that clean carriers like Reliance Jio also prohibited equipment by the Chinese company.
  • RIL’s 43rd AGM, which is also the company’s first virtual AGM, is scheduled to begin at 2:00 PM on Wednesday.
  • Oyo on Tuesday announced its partnership with Unilever for sanitization measures.

Must Read: Special Day Today: What is Today in History India 15 July

Latest India Business News 15th July 2020

  • SEBI on Tuesday barred 11 entities from the securities market in a matter related to the alleged manipulation of GDR issuance.
  • Yes Bank allotted shares worth Rs 4098 crores (3.41 billion shares) to anchor investors a day before its FPO.
  • Wipro on Tuesday said the company is set to acquire Brazil’s IVIA Serviços de Informática for Rs 169 crores. The company is eyeing at a course correction under its newly-appointed CEO and MD, Thierry Delaporte.
  • Flipkart on Tuesday said it raised an additional $1.2 billion from Walmart-led investor group.
  • Dr. Reddy’s Laboratories on Tuesday announced a launch of over-the-counter Nicotine Polacrilex Lozenges in the US market.
  • Bharti Airtel is likely to announce a partnership with BlueJeans, to launch its video calling service, Airtel BlueJeans.
  • Mindtree on Tuesday reported a 129.8% rise in Q1 consolidated net profit to Rs 213 crores.
  • Wipro on Tuesday reported its Q1 consolidated net profit at Rs 2390 crores.

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Latest India Business News 15th July 2020

  • goDutch on Tuesday raised $1.7 million in seed funding led by Matrix Partners India.
  • Toppr, an Edtech startup is aiming to raise $50 million in a Series D round of funding to expand and launch two products.
  • Unacademy, an Edtech platform, on Tuesday said that it led a strategic investment of $5 million to acquire a majority stake in Mastree.
  • Less than a month after striking a deal with NBFC Clix Capital Services, the Lakshmi Vilas Bank is planning to raise Rs 1000 crores additional capital.
  • Google is planning to invest $4 billion in Jio Platforms.
  • Hero Future Energies is looking to sell a part of its stake in its clean energy business and has asked HSBC to find a buyer.
  • on Tuesday said it entered into a partnership with upGrad Enterprise to foray into the edutech segment.

Must Read: Stories behind some famous Indian mythological creatures

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