India News Headlines: Latest India Business News 23rd May 2020

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Read Latest India Business News 23rd May 2020:

Quote of the Day: “You can’t win if you’re losing in your mind. Change your thoughts and it will change your life.” – Tony Gaskins 

  • Anil Ambani was ordered to pay $700 million by a London judge following disputes with Chinese banks over defaulted loans.
  • KKR on Friday said it will invest Rs 11367 crores to buy a 2.32% stake in Reliance’s Jio Platforms.

latest india business news 23rd may 2020

  • JSW Steel cut down its FY21 production guidance from the previous fiscal and estimates that capacity utilization at its plants would remain at around 89% for the entire year.
  • Bosch reported a decline of 18% in Q4 FY20 consolidated net profit to Rs 2237 crores.
  • RITES on Friday said it signed a pact to acquire a 24% stake in Indian Railway Station Development.
  • Amazon India on Friday said it will hire 50000 temporary employees for warehousing and delivery to meet the surge in online demand for products.

Do read – What is today in history India 23 May

latest India business news 23rd may 2020

  • The Oberoi Group on Friday issued an enhanced health and safety program for its Oberoi and Trident hotels in India to ensure the safety of guests.
  • Maruti Suzuki India on Friday launched its BS-VI compliant S-CNG variant of Super Carry mini-truck. The company also announced a partnership with Cholamandalam Investment & Finance to provide customized auto retail financing solutions to retail buyers. This allows customers to pay car loan EMIs after two months of getting the loan.

Do Read – New Guidelines for Air travel

latest India business news 23rd may 2020

  • Air India opened bookings for domestic flights.
  • Infosys said that the class action lawsuit which was filed against the company and some of its employees in the US court was dismissed.
  • Yashish Dahiya, co-founder and group CEO of the PolicyBazaar, in a recent interview, said that the group’s primary objective is to increase market share as spending on health in India is expected to increase manifold over the next decade.

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