India News Headlines: Latest India Business News 26th May 2020

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Read Latest India Business News 26th May 2020:

Quote of the Day: “We are what we repeatedly do. Excellence then, is not an act but a habit.” – Aristotle

  • GlobalData said India has overtaken China in pulling fintech funding in the March quarter.

latest india business news 26th may 2020

  • Ather Energy, a Bangalore-based electric scooter startup, has entered into a strategic arrangement with Bounce, the bike rental platform.
  • Hoi Foods, a Cloud kitchen startup, on Monday said it raised $2 million in a pre-Series A round of funding led by 1Crowd.

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Latest India Business News 26th May 2020

  • A Pune-based energy distribution startup, Repos Energy, backed by industrialist Ratan Tata, is planning to manufacture and sell around 3,200 mobile petrol pumps this year. The company also said that it was planning to get 1200 operators on board from across the country.
  • Inflated freight costs throw a spanner in the works for automakers and their parts suppliers.
  • The promoter of Bharti Airtel is planning to sell a stake worth $1 billion in the mobile operator through block deal today.
  • IL&FS group on Monday sought EoIs from potential buyers to sell its 26% stake in ONGC Tripura.
  • Vedanta on Monday said it has kickstarted the process to seek shareholder nod for delisting the company by 24 June.
  • Air India will resume its operations on the Kolkata-Imphal-Aizawl route from Thursday onwards.

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Latest India Business News 26th May 2020

  • Toyota Kirloskar Motor to resume production at its manufacturing plant in Bidadi, Bengaluru from Tuesday onwards.
  • HDFC reported a Q4 net profit fall to Rs 2233 crores.
  • Switzerland-based agri-food investor, Pioneering Ventures, acquired Lateral Praxis, an Indian agri-tech company.
  • 40% of companies operating in the travel and tourism sector are staring at complete shutdown risk over the next 3 to 6 months.
  • Infosys is planning to resume operations in a second phase this week with letting 15% of its employees return to the office.

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