India News Headlines: Latest India Business News 17th October 2020

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Read Latest India Business News 17th October 2020:

Quote of the Day: “Unless you dream, you’re not going to achieve anything.” – Richard Branson

  • As the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Uday Kotak said now is the best time fir overseas investors to invest in India.

latest india business news 17th october 2020

  • Uday Kotak on Thursday also said that India is under-invested in the healthcare sector and needs to double its spends over the present level of 1.3 per cent of GDP.
  • Easy to Pitch launched India’s first helpline for founders grooming. It provides expert assistance to aspiring and existing founders & entrepreneurs with the right solutions to take their business to the next level.
  • HCL Technologies on Friday reported a 4.5% increase in revenue in the second quarter of the current fiscal.
  • Shoppers Stop on Friday announced Venu Nair as MD & CEO effective 6 November 2020.

Must Read: Today News Headlines 17th October 2020

Latest India Business News 17th October 2020

  • The Ministry of Consumer Affairs on Friday wrote to e-commerce majors Amazon and Flipkart for not displaying the mandatory declarations, including ‘country of origin’.
  • Liberty Steel on Friday said the company made a non-binding offer for Thyssenkrupp’s steel unit.
  • GCCs and GICs have been using automation to increase biz during covid-19.
  • Federal Bank on Friday said it is expecting to recast 3% of its loans once the moratorium ends.
  • Lenders’ voting on Jet Airways’s resolution plan was extended to Saturday by the company.
  • Fintech and e-commerce companies are increasingly shifting their focus on buy now pay later services ahead of the big festive season.

Must Read: Aaj ke Samachar 17 October 2020

Latest India Business News 17th October 2020

  • ReNew Power is planning to tap into the offshore bond market to raise nearly $320 million to refinance local debt.
  • HCL Technologies on Friday said the company will be rolling out salary hikes for its employees across bands.
  • Cinema hall owners in Andhra Pradesh have requested the state government to provide them with exemptions from power bills and some taxes.
  • Mindtree announced salary hike for its employees, effective January 1.
  • Equitas SFB is looking at inorganic buyouts to bring down the promoter stake post completion of the IPO process.

Must Read: 17 October in Indian history: Know about October 17 special day in India, famous birthdays, events

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