Latest India Business News 19th March 2020

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  Quote of the Day: “I started something because I wanted to be independent. A woman never gets empowered unless she earns.” – Vandana Luthra

  • Kiran Mazumdar Shaw, a global influencer in biopharma, philanthropy, and healthcare innovation, said that with only 5 people per million being tested, India has the lowest testing rates in the world and must scale up efforts by involving accredited private labs.

latest india business news 19th march 2020

  • Roche Diagnostics is India’s first private firm to get approval to conduct Coronavirus testing.
  • The ED suspects a possible quid pro quo in transactions and is likely to question Anil Ambani over loans given to Rana Kapoor by Reliance Home Finance and Reliance Commercial Finance.

Must Read: Today News Headlines 19th March 2020

Latest India Business News 19th March 2020

  • The government on Wednesday relaxed the rules on holding physical board meetings in an attempt to curb physical contact and limit the spread of the Coronavirus outbreak.
  • CoreStack raised around $8.5 million in a Series A round of funding led by VC firm, Naya Ventures.
  • Firms across the entire country are finding new ways to implement social distancing measures at the workplace to curb the virus spread. Some measures include asking employees to work from home wherever possible, shutting down common access areas within the office, restricting entries of visitors, and using video conferencing.
  • Vodafone witnessed a 50% rise in some markets post the coronavirus crisis globally.
  • Google appointed Karan Bajwa, former IBM executive as the new Google Cloud India MD.
  • Bajaj Auto board on Wednesday approved the re-appointment of Rajiv Bajaj as MD and CEO of the company.

Must Read: Myths about coronavirus: Myths and facts about COVID-19

Latest India Business News 19th March 2020

  • Agnikul, a space-tech startup raised Rs 23.4 crores in a pre-series A round of funding led by pi Ventures.
  • The ministry of corporate affairs set an overhaul audit regime to check on lapses in governance.
  • The rush among companies to meet the new work-from-home norm has led to a spike in demand for laptops.
  • A group of founders and investors of more than 50 startups in India have urged the government to order a lockdown of major cities and impose Section 144 to ban assembly of people for 2 weeks, starting 20 March.
  • Customers are taking it to social media platforms to complain about hefty cancellation charges levied by online travel agents amid cancellation requests due to coronavirus outbreak.
  • Salesforce hired Arundhati Bhattacharya, former SBI chairperson, as its new India CEO.
  • The NRAI advised its member restaurants (eateries, bars, pubs, cafes) to shut down till March 31 as part of its efforts to contain the spread of the deadly Coronavirus.

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