India News Headlines: Latest India Business News 25th August 2020
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Quote of the Day: “Business opportunities are like buses, there’s always another one coming.” – Richard Branson
- India’s auto companies and parts makers aim for projects in the defence sector to offset the sluggish demand for automobiles in the domestic market amid the coronavirus crisis.
- The owners of ACT (Atria Convergence Technologies) are planning to sell a controlling stake in India’s largest non-telco internet service provider amid a surge in demand for home internet services as WFH boosts valuations.
- Mela Ventures started by Mindtree co-founders, Krishnakumar Natarajan and Parthasarathy NS, is looking to close its maiden fund with Rs 130 crores in commitment from a set of Indian investors. The company will invest in early-stage startups.
- Allcargo Logistics on Monday said the company’s promoter group have intimated the company of their plans to delist the company.
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Latest India Business News 25th August 2020
- Kishore Biyani’s-led Future Retail on Monday said the company paid up $14 million in pending interest on dollar bonds, after missing the last month’s due date.
- The education-focused lender, ISFC raised $30 million from existing investors and other partners.
- Kalyan Jewellers India on Monday filed the draft prospectus for its IPO which will sell shares worth Rs 1750 crores.
- The Adani group is planning to buy GVK’s 50.5% stake in Mumbai International Airport.
- The Delhi HC on Monday sought response from the Centre, the RBI, and others on a plea alleging guideline violation by Google Pay.
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Latest India Business News 25th August 2020
- The Delhi HC’s recent Oyo order is likely to impact defaulting startups. The order directed OYO hotels and homes to register details of all debt-free assets in order to pay off creditors.
- NIIT Technologies on Monday announced that the company has rebranded itself as Coforge Ltd with a newly designed logo.
- Microsoft has begun training faculty members from top Indian institutes in quantum computing skills and capabilities among the wider academic community.
- Nabard on Monday said it launched a dedicated debt and credit guarantee programme for NBFC-MFIs to ensure unhindered flow of credit in rural areas hit by the COVID-19 pandemic.
- Axis Bank on Monday said the bank proposes to acquire 17% of the equity share capital of Max Life Insurance.
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