India News Headlines: Latest India Business News 20th October 2020

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Read Latest India Business News 20th October 2020:

Quote of the Day: “A business has to be involving, it has to be fun, and it has to exercise your creative instincts.” – Richard Branson

  • Uber has introduced a new rider mask verification selfie feature in India. This feature will request riders who have been tagged for not wearing masks on their previous trip, to take a selfie before booking their next trip to ensure that they’re wearing a mask.

latest india business news 20th october 2020

  • Sanjay Aggarwal, president at PHDCCI and chairman & chief executive at Paramount Communications said that while supply-side interventions have been made, India needs a huge demand push to sustain the economic green shoots which only the central can help revive.
  • Maruti Suzuki’s dealerships may get a margin lift as the company plans a series of steps to improve the financials of its struggling dealers.

Must Read: Today News Headlines 20th October 2020

Latest India Business News 20th October 2020

  • The Kerala HC on Monday allowed Gautam Adani to operate the airport in the state capital Thiruvananthapuram.
  • Jet Airways will need more capital post-rescue because the rescue deal alone will be insufficient for the airline to return to the skies.
  • The Blackstone Group is planning to up its ante in India by buying L&T Asset Management.
  • Global investors like the Blackstone Group and Brookfield Asset Management have been placing larger bets in India’s office assets, even as rental and leasing outlook will stay subdued for the next two years.
  • Britannia Industries on Monday reported a Q2 net profit rise by 22.96% to Rs 495 crores.

Must Read: Aaj ke Samachar 20 October 2020

Latest India Business News 20th October 2020

  • AnaCap Financial Partners made its first investment in India by acquiring 3 K-12 school and student housing assets from the Jain Group of Institutions.
  • The IL&FS group on Monday announced the resignation of Vineet Nayyar as the executive vice chairman.
  • With a bid of Rs 24985 crores, L&T has emerged as the lowest bidder to build the largest segment of the upcoming high speed rail line between Mumbai and Ahmedabad which will be nearly 237.1 km long.
  • HDFC Life Insurance Company reported a Q2 profit rises of 6% to Rs 327.83 crores.
  • Vodafone Idea on Monday announced the rollover of its unused data to weekends. The offer will be effective immediately for prepaid customers using unlimited packs with daily quota of benefits.
  • The Edelweiss Group on Monday raised Rs 6,600 crores from global long term investors for on-lending to Indian companies and projects requiring long term capital.

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