Latest India Business News 19th February 2020

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Latest India Business News 19th February 2020: 

Quote of the Day: “You must follow your passion and do something that is close to your heart.”- Kumar Mangalam Birla

  • During the inspections conducted by the CDSCO in January, Sun Pharmaceutical’s antiviral medicine and Zydus Cadila’s anti-inflammatory drugs along with 32 more samples were flagged as substandard.
  • Iron Pillar, a venture capital fund, is planning to raise around $30 million in add-on funds to invest in existing portfolio companies like FreshToHome and Servify.

latest india business news 19th february 2020

  • Russia’s Far East Development Fund has shown interest to bid for Jet Airways.
  • Kumar Mangalam Birla, chairman of Vodafone Idea met with telecom secretary amid fears that the government may invoke the company’s bank guarantees.
  • Jet Airways’ Committee of Creditors on Tuesday decided to extend the deadline for submission of bids to March 10 after a new entity evinced interest in the airline.

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Latest India Business News 19th February 2020

  • Infosys entered into a long-term strategic partnership with GE Appliance to streamline the GE Appliance’s IT operations.
  • HSBC’s pre-tax profit from India grew to $1 billion in 2019.
  • Indian officials stepped up Airbus probe in wake of global bribery settlement.
  • Honda Motorcycle and Scooter India on Tuesday said it started the delivery of its Forza 300.
  • The SAT granted SEBI time till 10th March to pass its final order in the matter relating to CG Power and Industrial Solutions.
  • Patanjali Ayurved is set to expand its foray into India’s key airports.

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Latest India Business News 19th February 2020

  • MaxWholesale raised $3 million from a Series A round of funding led by IAN Fund-I and Al Falaj.
  • Pawan Munjal, chairman, and MD of Hero Motocorp said that the company will invest around Rs 10000 crores in R&D over the next 5-7 years.
  • Barbeque Nation has filed in fresh papers with SEBI to raise around Rs 1000-1200 crores via IPO.
  • Fonterra, the world’s largest dairy company, has selected HCL Technologies to modernize and manage its entire technology infrastructure which their employees use every day.
  • GAIL India, in an attempt to revive sales growth, is planning to convince Tata Steel and SAIL to switch to less-polluting fuel.

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