India News Headlines: Latest India Business News 16th September 2020
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Quote of the Day: “A person who never made a mistake never tried anything new.” – Albert Einstein
- The booming cargo traffic for airlines has come as a respite for the lost passenger revenue amid subdued demand.
- Delhivery is planning an IPO launch over next 12-18 months. The company is waiting for upcoming rules on foreign listing but would prefer to list in India.
- LIC is planning a gradual sale of its stake in IDBI Bank.
- Visa, the global card payments major, is pushing to make its network interoperable in India.
- Dozee, a health monitoring startup, raised Rs 12.5 crores in its new round of funding from Prime Venture Partners, YourNest Venture Capital, and 3one4 Capital.
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Latest India Business News 16th September 2020
- Lakshmi Vilas Bank on Tuesday said that the mutual due diligence for its Clix Group deal is substantially complete.
- Deutsche Boerse AG on Tuesday sold its remaining stake of 1.75% in BSE Ltd fir Rs 44 crores via open market transaction.
- Bharti Airtel picked Sterlite Technologies Limited (STL) to build a modern optical fibre network for the company across 10 telecom circles.
- A Parliamentary panel suggested proposed tax incentives for startups including the abolishment of the LTCG tax on investments in startups.
- The Moms Co., a wellness brand, raised $8 million in its Series B round of funding led by DSG Partners and Saama Capital.
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Latest India Business News 16th September 2020
- Mobikwik has elevated Chandan Joshi as co-founder and chief executive in a run up to its IPO plans.
- Toyota Motor on Tuesday said the company is committed to the Indian market and it’s local units. With this the company also announced an investment of over Rs 2000 crores.
- E-commerce companies are stepping up to hire employees on their supply chain and logistics front before the beginning of the festive season sales which is likely to get a huge boost.
- SpiceJet on Tuesday reported a consolidated loss of Rs 600.52 crores for the June quarter.
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