Latest India Business News 28th January 2020 – Tentaran

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Read Latest India Business News 28th January 2020:

  • Sachin Bansal has resigned from his independent directorship at Ujjivan Small Finance Board.
  • Kedaara Capital is planning to acquire a stake in Veritas Finance at a valuation of around Rs 2000 crores.

latest india business news 28th january 2020

  • IndiGo’s net profit increased 168% to Rs 496 crores in the third quarter of this year, which is more than double as compared to last year.
  • Biocon is planning to scale up its investments in small and complex drug molecules vertical with the proceeds from their proposed IPO of its bio-logistics operations in the years ahead.
  • JSW Ventures which is planning to raise Rs 350 crores in a new fund, marked its first close of Rs 150 crores.

Must Read: People that played a role on this day in history – 28 January

Latest India Business News 28th January 2020

  • Nissan India is planning to make a global debut with its compact SUV in the first half of 2020.
  • MoneyTap raised Rs 500 crores in a Series B round of funding led by Aquiline Technology Growth, Sequoia India, and RTP Global.
  • Bizongo raised $30 million in a Series C round of funding led by Swiss hedge fund Schroder Adveq.
  • Maruti Suzuki India, from January 27, implemented an increase in the prices of its products due to a hike in input cost.
  • Godfrey Phillips India and other KK Modi group companies are up for sale after members of their trust have failed to reach a consensus on running the businesses after the demise of KK Modi on 2nd November 2019.

Do Read: Sachin Tendulkar to Coach Ponting XI for Bush Fire Cricket Match

Latest India Business News 28th January 2020

  • DHFL on Monday, 27th January 2020, withdrew their resolution plan which they earlier submitted to lenders and other institutional creditors, back in September 2019.
  • The new Chief Executive of Bank of Baroda, Sanjiv Chadha, is planning to put more focus on lending to corporates and want them to fill the vacated space by private and public sector banks, in pursuit of retail credit.
  • The Bombay Shaving Company appointed Kartik Aaryan as its new brand ambassador.
  • Dr.Reddy’s Lab reported a net loss of Rs 570 crores in the third quarter of the current fiscal year.
  • Thriveni Earthmover’s upgraded offer of Rs 4000 crores has left the lender of Odisha Slurry Pipeline Infrastructure unmoved. They intend to stick with ArcelorMittal’s bid.

Recommended Reading: Today News Headlines 28th January 2020

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