Latest India Business News 26th February 2020

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Latest India Business News 26th February 2020: 

Quote of the Day: “You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust then that’s it.” – Mukesh Ambani

  • BankBazaar, an online financial services marketplace, is set to become profitable in FY20, said CEO Adhil Shetty as the company plans to go public in the next few years.
  • The RBI has allowed Bandhan Bank to open up new branches without prior permission.

latest india business news 26th february 2020

  • Bank of Baroda moved to the SC against Calcutta HC order on bank guarantee issued on behalf of Simplex Projects.

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Latest India Business News 26th February 2020

  • Hyundai Motor India is planning to pass BS-VI upgrading costs to consumers in phases.
  • TransUnion Cibil on Tuesday roped in HDFC Bank’s Rajesh Kumar as its new MD and CEO.
  • Rupee Fintech, an online marketplace for gold loans, raised around $60 million in funding rounds led by Binny Bansal and GGV Capital.

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Latest India Business News 26th February 2020

  • FCA India is planning to bring its iconic Wrangler Rubicon by March-end and is simultaneously also planning to assemble 2-3 new Jeep models from its Ranjangaon facility in Pune by 2021.
  • IRB Infrastructure received Rs 3753 crores from GIC affiliates as an investment.
  • JSW Steel’s $2.7 billion purchase of a bankrupt steel mill is now facing a new hurdle after a former chairman of Bhushan Power & Steel challenged the deal in the Supreme Court.

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