India News Headlines: Latest India Business News 17th September 2020
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- Motherson Sumi Systems is aiming to garner a quarter of its revenue from diversifying its operations in new segments like aerospace, defence, healthcare, and information technology over the next 5 years in order to reduce its dependence on the automotive component business.
- Lenders to the Aircel Group have written to the RBI for bridging the gap between India’s Sarfaesi Act and IBC.
- Flipkart is planning to list itself overseas by next year as the platform is benefiting from the accelerated adoption of digital platforms for shopping and payments.
- Tata Projects emerged as the winner for the new Parliament complex project as they were the lowest bidders.
Latest India Business News 17th September 2020
- Automakers in India have kicked off advertisement and promotional blitz worth Rs 1500 crores to stoke demand for cars during the festive season.
- The Shapoorji Pallonji group on Wednesday said it missed the deadline to repay its dies to Sterling and Wilson Solar Ltd.
- Dish TV India has adopted the ‘Make in India’ plan to shift 50% of its production to India by Q121.
- Acko, a Bengaluru-based insurtech start-up, has raised $60 million in a Series D round of funding led by Munich Re Ventures.
- BPCL may acquire Oman Oil’s stake in Bharat Oman Refineries (BORL), which was a JV between the two companies.
- Marico on Wednesday launched a list of immunity-boosting products under its Saffola brand.
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Latest India Business News 17th September 2020
- SAP India is set to complete the hiring of its targeted 1600 employees by the end of 2020.
- Mukesh K Surana, HPCL chairman, at the company’s 68th AGM on Wednesday said, Hindustan Petroleum is set to invest Rs 60,000 crores in the next 5 years.
- The government is planning to reward startups for building global AI solutions for health, education, and mobility.
- Volvo Car India on Wednesday said the company has partnered with HDFC Bank to launch its Volvo Car Financial Services that will enable buyers get easy finance for its vehicles.
- The Karnataka government has cleared NMDC’s application to resume mining operations at Donimalai.
- Blackstone and Partners Group are both in the race to buy a controlling stake in the glass unit of Piramal Glass Enterprises Ltd.
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