India News Headlines: Latest India Business News 27th October 2020
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- Tour businesses sees spike in sales during the festive season this year in line with the easing of curbs on inter-state travel and lifting of mandatory testing rules for covid-19.
- Automakers and dealers wary of the softening sales due to the uncertain sales momentum that has been seen in the past few months through the festive season.
- DHFL lenders have asked the 4 bidders for the company to get back with a revised offer seeking higher bids by 31 October.
- Torrent Pharmaceuticals on Monday reported a Q2 net profit rise by 27.04% to Rs 310 crores.
- Persistent Systems reported a Q2 net profit rise by 18.5% to Rs 101.9 crores.
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Latest India Business News 27th October 2020
- Kotak Mahindra Bank on Monday reported a Q2 net profit rise by 26% to Rs 2184 crores.
- Cadila Healthcare is planning to ramp up its production capacity by 70% if its candidate passes human clinical trials.
- The SC on Monday dismissed a plea that was filed by Vijay Mallya’s UBHL against the HC order that asked to wind up the firm for the recovery of dues payable by Kingfisher Airlines.
- SBI on Monday said the company raised Rs 5,000 crores by issuing Basel-III compliant bonds.
- SBI Life Insurance on Monday reported a two-fold Q2 net profit jump to Rs 300 crores.
- Baring Private Equity Asia on Monday sold a 6.27% stake in Coforge for Rs 878 crores through block deals.
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Latest India Business News 27th October 2020
- Aditya Puri on Monday retired as the MD of HDFC Bank and handed over the charge to Sashidhar Jagdishan, who is now the new chief executive and managing director of the company.
- Jumbotail raised $11 million in a series B2 round of funding led by Heron Rock
- Fortis Healthcare opened up a new 250-bed multispecialty hospital in Chennai. This nine-storey facility in Chennai was inaugurated on Monday by Tamil Nadu CM Edappadi K Palaniswami.
- CDSL on Monday reported a Q2 jump in PAT by 68% to Rs 48.87 crores.
- Mahindra Finance on Monday reported a Q2 consolidated net profit rise by 34% to Rs 353 crores.
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