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

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Read Latest India Business News 28th May 2020:

Quote of the Day: “The trench is as much a part of growth and expansion as the peak is. Hitting the bottom before you succeed is almost a rite of passage.” – Dr. Ashwin Naik

  • Maruti Suzuki India is exploring to enter into the leasing option  as the company’s sales have declined.
  • Microsoft is planning to invest around $2 billion in RIL’s Jio Platforms.

latest india business news 28th may 2020

  • The inability of promoters in bringing in fresh equity could hamper the loan restructuring of companies by leading them to a sharp fall in revenues.
  • Future Retail on Wednesday said its board approved to raise up to Rs 650 crores to reduce debt by issuing NCDs.

Must Read: Today News Headlines 28th May 2020

Latest India Business News 28th May 2020

  • Volkswagen India launched new ownership models with the option to lease and buy-back in order to boost sakes as also to make its cars accessible to buyers.
  • Google’s Pay Nearby Stores that enables customers to find grocery stores in the neighborhood is now available in 35 Indian cities.
  • KV Kamath on Wednesday resigned office as president of the National Development Bank after completing his 5-year tenure. He is credited to have built the multilateral lending institution from the scratch.
  • Kalpana Morparia, chairman of South and Southeast Asia, JPMorgan announced her desire to retire from the American Bank after working at the helm for over a decade. She will stay with the bank till the end of the first quarter and will oversee her succession by Leo Puri.
  • Dabur India’s Q4 net profit dropped 24% to Rs 281 crores.
  • In consultation with the Public Health Department, HUL on Wednesday said it is providing 29 ventilators worth Rs 3 crores to government hospitals in Maharashtra.
  • Ola Electric has acquired Etergo BV, an Amsterdam-based manufacturer of electric scooters.

Must Read: Aaj ke samachar 28 May 2020

Latest India Business News 28th May 2020

  • Sun Pharmaceutical’s Q4 net profit fell down 37% to Rs 399 crores.
  • ITC has tied up with Star network for a new food show to showcase the rich culinary heritage of India.
  • Biocon received DCGI approval for the emergency use of CytoSorb to treat critical COVID-19 patients.
  • Zoom on Wednesday announced that it appointed VMware veteran Velchamy Sankarlingam as president of engineering and product, effective 12 June 2020.
  • RIL launched a WhatsApp chatbot for queries about rights issue.
  • SEBI imposed a penalty of Rs 7 lakhs on NHAI for a delay in filing financial results.

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