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

Please follow and like us:

Read Latest India Business News 15th May 2020:

Quote of the Day: “Treat your employees exactly as you want them to treat your best customers.” – Stephen R Covey

  • IT firms and banks are vacating their rented offices or renegotiating their leases in bid to cut fixed costs and rework expansion plans.
  • After giants like Facebook, Google, and Twitter announced work from home till 2021, Unacademy, an ed-tech startup in India also announced 60% of its 1,000-strong workforce to work from home permanently.

latest india business news 15th may 2020

  • The Delhi High Court on Thursday restrained Zydus Wellness from airing its Complan ad that compared its health drink with Horlicks.

Must Read: Today News Headlines 15th May 2020 

Latest India Business News 15th May 2020

  • The Federal Bank has tied up with MoneyGram, a global leader in cross-border P2P payments and money transfers, to expand Account Deposit Capabilities to millions of consumers in India.
  • ACT Grants, a not-for-profit grant created to fight COVID-19, got fresh funding from Bill and Melinda Gates, Michael and Susan Dell, and Wadhwani foundations.
  • Credit rating agency – Icra said Indian airlines will need Rs 35,000 crores of fund infusions till FY23 to stay afloat, as lower revenue and higher fixed costs erode their profitability.
  • According to India Inc, the proposed labor code which advocates universal minimum wage and promotes formalization of the workforce, is a step in the right direction. The code also intends to modify the definition of inter-state migrant workers, which will allow welfare benefits to move with the movement of labor.
  • Tata Trusts is upgrading 4 government hospitals to convert them into COVID-19 treatment centers. This process to develop four hospitals – 2 in Maharashtra and 2 in Uttar Pradesh will complete by June.
  • Tough scrutiny of foreign investment in India has upset Xiaomi and Oppo who were seeking to expand beyond selling hardware for a bigger share of the South Asian country’s competitive financial services market.

Must Read: Aaj ke Samachar 15 May 2020

Latest India Business News 15th May 2020

  • Cognizant sees another churn among VP and SVP levels, where employees are making exits from the firm.
  • Real Estate players in Kolkata lauded the rental housing initiative announced by Finance Minister Nirmala Sitharaman on Thursday.
  • Vijay Mallya has been denied the right to appeal for his extradition to India in the UK Supreme Court.
  • ONGC awarded 49 marginal producing oil and gas fields to 7 companies under a government plan to raise production amid the coronavirus crisis.
  • Nirav Modi will face a second extradition hearing on 7 September on two charges of intimidating witnesses and destroying evidence by the Indian government.
  • Maharashtra FDA urges NPPA to cap prices of N95 masks/PPE kits to ensure availability.
  • Adidas on Thursday announced to hold a sporting event – #hometeamhero challenge to unite and help make a difference by dedication their workouts for good. The company will donate $1 to the WHO’s Covid-19 Solidarity Response Fund for every hour of tracked activity between May 29 and June 7.

Must Read: Special Day Today: What is today in history India 15 May

Must Read: INR 20 lakh crore package details shared by FM Nirmala Sitharaman in press conference

For more articles like, “Latest India Business News 15th May 2020”, do follow us on FacebookTwitter, and Instagram.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 All rights reserved.
× How can I help you?