India News Headlines: Latest India Business News 28th July 2020

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Read Latest India Business News 28th July 2020:

Quote of the Day: “All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

  • Maruti Suzuki is planning to offer digitalised financing options for car buyers.
  • Ajit Mohan, vice-president and MD at Facebook India, spoke about the company’s plans for the country’s startup community which is considered one of the most vibrant globally.

latest india business news 28th july 2020

  • Swiggy on Monday laid off 350 employees as part of its realignment exercise that the company started in May, due to the impact of COVID-19 pandemic.
  • Walgreens Boots Alliance Inc on Monday said it’s CEO & biggest shareholder, Stefano Pessina will be stepping down as CEO.

Must Read: Special Day Today: What is today in history India 28 July

Latest India Business News 28th July 2020

  • Bharti Infratel on Monday reported a Q1 net profit fall by 21% to Rs 704 crores.
  • As Covid-19 continues to spread, Google is extending its work from home (WFH) option for employees until June next year, globally.
  • Facebook Ince on Monday said the company has delayed its Q2 results by 1 day to 30 July as Mark Zuckerberg is set to appear before Congress.
  • 5 investment banks Citigroup, Edelweiss, SBI Capital Markets, Credit Suisse and Deloitte have been shortlisted for LIC IPO adviser role.
  • The GST investigation wing, DGGI has booked 3 firms for over Rs 600 crores for GST evasion.
  • As demand is falling, Uber is planning to expand its recently launched business to customer (B2C) and customer to customer (C2C) logistics services in India.
  • MTNL on Monday reported a standalone loss for the fourth quarter of FY 2019-20 at Rs 624 crores.

Must Read: Aaj ke Samachar 28 July 2020

Latest India Business News 28th July 2020

  • Mahindra Finance on Monday said it’s Rs 3088.82 crore rights issue is set to open for subscription today.
  • Tech Mahindra on Monday reported a Q1 net profit rise by 1.4% at Rs 972.3 crores.
  • Escorts Ltd on Monday reported a Q1 consolidated net profit increase by 6% at Rs 92.58 crores.
  • Marico on Monday reported a Q1 net profit increase by 23% to Rs 388 crores.
  • Kotak Mahindra Bank on Monday reported an 8.5% fall in Q1 net profit to Rs 1244 crores.
  • India Cements on Monday reported a decline in Q1 consolidated net profit by 69.70% to Ra 19.47 crores.
  • Dr Reddy’s Laboratories on Monday announced that the company received approval from USFDA for Xeglyze lotion, a lice treatment lotion.

Must Read: Today News Headlines 28th July 2020 

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