India News Headlines: Latest India Business News 25th May 2020

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Read Latest India Business News 25th May 2020:

Quote of the Day: “Learn how to take criticism, follow your gut instincts, and don’t compromise.” – Simon Cowell

  • In a move to cement its position in the FMCG market, ITC on Sunday said the company is set to acquire Sunrise Foods, a Kolkata-based spice maker.
  • Chambal Fertilisers Q4 profit rises 122% to Rs 203.7 crores.
  • BigBasket is planning to raise funds around $150-200 million.

latest india business news 25th may 2020

  • Reliance’s JioMart is now live in over 200 cities and towns in India, riding the sourcing power and private labels of Reliance Retail.
  • TCS hired over 20000 employees in the US over the past 5 years. This has significantly reduced its work visa dependency and de-risked business.

Must Read: Today News Headlines 25th May 2020

Latest India Business News 25th May 2020

  • After large firms laid off staff in the past few weeks, large startups have now begun outplacement initiatives to help these employees in finding new jobs.
  • Maruti Suzuki India is focusing on rural markets for a recovery in sales in the current fiscal year. It is also considering used car business for partial recovery.
  • Reliance Industries estimated a maximum of $200-400 million of liability in the KG-D6 cost recovery dispute with the government.
  • GoAir on Saturday said the company was awaiting ‘clarity’ on the readiness of states and airports for ‘acceptance’ of flight operations.
  • IndiGo’s Bangalore-Delhi flight on Monday marked the resumption of domestic air travel in India.

Must Read: Aaj ke samachar 25 May 2020

Latest India Business News 25th May 2020

  • Arvind Krishna led tech giant, IBM laid off thousands of employees as Covid-19 hit business.
  • Lendingkart, a fintech digital lender, laid off 30% of its workforce as COVID-19 impacts business.
  • Avenue Supermarket on Saturday said the company’s sales declined over 45% in April, due to the nationwide lockdown.
  • DCB Bank on Saturday reported a 28% slip in net profit for Q4 to Rs 69 crores.
  • Mahindra Susten’s solar asset sale to CLP India is likely to face a delay due to the recent China FDI restrictions.

Must Read: Special Day Today: What is today in history India 25 May

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