India News Headlines: Latest India Business News 1st July 2020

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Read Latest India Business News 1st July 2020:

Quote of the Day: “Dream is not which you see while sleeping. It is something that does not let you sleep.” – Dr. APJ Abdul Kalam

  • Vodafone Idea loss widens in Jan-Mar quarter to Rs 11643 crores, due to higher finance costs and exceptional items on account of licence fees and spectrum dues in the AGR case.
  • Jindal Steel & Power has accepted a bid to sell its Oman unit to Templar Investments, a promoter firm, for nearly $1 billion.

latest india business news 1st july 2020

  • Yes Bank has moved to Bombay HC to restrain controlling shareholders like Zee promoters from selling further stake of the company. The company is also stopping MD Punit Goenka from leaving India.
  • Bounce, a bike-sharing startup, said it will lay off around 22% employees, citing uncertainty for businesses and startups due to the covid-19 outbreak.

Must Read:  Today News Headlines 1st July 2020 

Latest India Business News 1st July 2020

  • Top Global  PE  firms  including Temasek, Blackstone, Goldman Sachs, Samara Capital and Baring Private Equity Asi are eying at India’s auto components sector.
  • Mondelez, the maker of Cadbury chocolates, on Tuesday announced that it is foraying into cakes category with Cadbury Chocobakes.
  • IndiGo on Tuesday announced 5.5 additional days of Leave Without Pay for its pilots, effective July, to trim cost while revenues remain under pressure
  • Premji Invest is set to acquire a controlling stake in Best Value Chem.

Must Read: Aaj ke Samachar 1 July 2020

Latest India Business News 1st July 2020

  • Swiggy has introduced a digital wallet  ‘Swiggy Money’, in partnership with ICICI Bank.
  • Oyo has suspended its contracts with over 250 hotel owners for its ‘Townhouse’ properties in India as revenues take a hit.
  • Aditya Birla Fashion and Retail is ready to launch a rights issue aimed at raising around Rs 995 crores on 8 July.
  • SAP India on Monday launched the Global Bharat program to equip MSMEs with digital technologies.
  • Vistara on Tuesday said its CEO will take a 20% salary cut between July to December 2020.

Must Read: Special Day Today: What is Today in History India 1 July

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