Latest India Business News 1st April 2020
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Quote of the Day: “Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.” – Lakshmi Mittal
- Nykaa on Tuesday announced that it raised Rs 100 crores from Steadview Capital.
- Headhunters said “Companies have frozen hiring for top jobs amid COVID-19 crisis. The C-suite hiring has fallen by 50% which is far worse than what was witnessed during the 2008-09 global financial crisis.”
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Latest India Business News 1st April 2020
- SEBI on Tuesday levied a fine of Rs 15.4 crores on Chromatic India and its senior officials in a matter related to manipulation in the issuance of global depository receipts (GDR).
- Shapoorji group repaid Rs 500 crores against outstanding loans.
- Real Estate Developers and brokers bank on technology to hook customers as lockdown bites into sales.
- The Government extended the deadline for submission of expression of interest (EoI) for the privatization of BPCL to 13 June.
- ITC on Tuesday said that the company has started making Savlon sanitizers at its perfume factory in Himachal Pradesh.
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Latest India Business News 1st April 2020
- SpiceJet decided to cut the salary of all employees in March by 10-30% amid coronavirus lockdown. Chairman Ajay Singh opted for the highest 30% trimming in compensation.
- The government on Tuesday brought in an ordinance to bring relief measures including an extended deadline for income tax filing, customs, and central excise returns, etc to help taxpayers tide over the ongoing crisis.
- HipBar, a liquor-tech startup, offered its bouquet of services to the Tamil Nadu and Kerala state governments to ensure safe alcohol home delivery to customers, in wake of social distancing.
- Sunil Mittal Bharti Enterprises on Tuesday committed Rs 100 crores to relief and recovery initiatives relating to COVID-19.
- Lakshmi Mittal on Tuesday said his Indian ventures would contribute Rs 100 crores to the ongoing relief efforts of the country.
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