India News Headlines: Latest India Business News 28th October 2020
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Read Latest India Business News 28th October 2020:
Quote of the Day: “Never give in except to convictions of honor and good sense.” – Winston Churchill
- The Tata Group is planning to buy a majority stake in BigBasket by buying out several existing investors of the online grocer.
- FreshToHome has raised $121 million in a Series C round of funding led by Investment Corp. of Dubai.
- Harley Davidson has tied up with Hero MotoCorp for the India market as the US automaker renews its stint in this potential growth market for premium motorcycles.
- Inox Leisure is preparing for a Rs 250 crore fundraise via QIP as theatres reopen after more than 6 months of closure.
- Treebo Hotels on Tuesday raised Rs 10 crores from a group of angel investors.
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Latest India Business News 28th October 2020
- MakeMyTrip on Tuesday said its Q2 operating loss narrowed to $12.9 million.
- Embassy REIT has raised Rs 750 crores via NCDs.
- GetVantage on Tuesday raised $5 million as part of its seed funding led by Chiratae Ventures, via equity and debt.
- Tata Motors Q2 consolidated net loss widened to Rs 307 crores.
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Latest India Business News 28th October 2020
- Bharti Airtel reported its highest-ever quarterly revenue in Q2FY21. Its ARPU rose to Rs 162.
- CSB Bank entered into a partnership with IIFL Finance for sourcing and managing retail gold loan assets.
- Tech Mahindra on Tuesday said the company acquired Momenton and Tenzing to boost its financial services business as also to the company’s digital capabilities, modern cloud-based architecture, and transformation for customers.
- Amara Raja Batteries on Tuesday reported an 8% decrease in Q2 net profit to Rs 201 crores.
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