Latest India Business News 25th February 2020

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Latest India Business News 25th February 2020: 

Quote of the Day: “I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.” – Mukesh Ambani

  • Satya Nadella and Reliance Industries chairman, Mukesh Ambani on Monday expressed their excitement and hope for their nascent technology alliance.
  • In a first, founders of law firm Trilegal, Rahul Matthan and Karan Singh make way for elected management and stepped down from its managing committee long before they were due to retire.

latest india business news 25th february 2020

  • Drivezy, a Bengaluru-based vehicle rental platform, is planning to skip India and launch its IPO in either Japan or the US.
  • Jindal Steel and Power (JSPL) prepares to sell dollar bonds to repay offshore debts.

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Latest India Business News 25th February 2020

  • The success of education startups such as Unacademy and Byju’s has lifted fortunes of edtech start-ups.
  • The Competition Commission of India (CCI) ordered its director-general to probe Treebo’s charge against MakeMyTrip (MMT) and OYO. The complaint was made to clarify whether the companies used their dominant market position to indulge in unfair trade practices or not.
  • Air India is planning to raise Rs 700 crores in short term loans from domestic lenders by 15 March.
  • Indian Hotels, a Tata group firm is focusing to scale up its food and beverage brands.

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Latest India Business News 25th February 2020

  • The Aditya Birla Capital received a foreign investment worth Rs 1000 crores from Jomei in lieu of preferential allotment of shares.
  • The board of Tech Mahindra approved a proposal to acquire a 100% stake in the Zen3 Infosolutions.
  • The DoT seeks Rs 7608 crores from GAIL in dues for FY18.
  • HUL is planning to set up a new manufacturing arm to help the company avail benefits of the recent tax provision that puts a lowered tax burden on entities engaged in manufacturing.
  • The Adani Group is also considering to bid for Air India.

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