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

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  • The Adani group will be acquiring the Mumbai airport, in a move to become the top airport operator.
  • The Partners Group, a global private markets investment manager, on Monday sold shares of Aavas Financers worth Rs 361 crores via open market transactions.

latest india business news 1st september 2020

  • Niyogin, a fintech startup, acquired a 51% stake in iServU Tehnologies for Rs 592 million in a cash and stock deal.
  • Bikayi, a whatsapp integrated merchant e-commerce platform, raised $2 million in its seed round of funding from Mantis Ventures, Y Combinator, and others.
  • L&T announced closure of its strategic divestment of its electrical and automation business to Schneider Electric for Rs 14000 crores.

Must Read: Today News Headlines 1st September 2020

Latest India Business News 1st September 2020

  • SEBI refused to extend the September 1 deadline to implement new margin pledge rules.
  • PhonePe is set to enable digital payments acceptance to over  25 million small traders over the course of 1 year.
  • Air Works had appointed Haseeb A. Drabu as an independent director to the board of the company. Mr Drabu is a noted economist and former Jammu & Kashmir finance minister.
  • Edelweiss Financial Services on Monday said the company raised Rs 1000 crores by issuing bonds to Asia Pragati Strategic Investment Fund.
  • The SC on Monday issues a notice to the Tamil Nadu government on Vedanta’s plea challenging HC order on Sterlite unit.

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Latest India Business News 1st September 2020

  • JioFiber announced a 30-day free trial for all new users starting from 1st September.
  • Cyient on Monday announced that the company will acquire IG partners, to expand its mining expertise and end-to-end offerings for the local and regional resources sector.
  • SpiceJet launched a portable ventilator called SpiceOxy for patients with breathing issues.
  • Creador, a Malaysia-based PE firm invested Rs 250 crores in Shriji Polymers.
  • HomeLane, an online home interiors startup, raised Rs 60 crores in a bridge round of funding led by Stride Ventures.

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