India News Headlines: Latest India Business News 29th April 2020

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Quote of the Day: “You need the right team, you need a shared vision, you need a sense of passiom, you need compassion, and you need a principled way. There are no shortcuts.” – Kiran Mazumdar Shaw

  • Autonomous vehicles are finding road into hospitals with the ongoing pandemic.
  • NP Singh, MD and chief executive of Sony Pictures Networks said the Indian Broadcasting Foundation, which he presides, has also asked the government for some relief. Coming at a conclusion, it seems like In-home entertainment will become popular post the covid pandemic.

latest india business news 29th april 2020

  • As revenues take a hit startups like and others are shifting their focus towards earning goodwill.
  • TVS Motor is planning to raise around Rs 500 crores by issuing NCDs on a private placement basis.
  • Axis Bank on Tuesday proposed to raise its stake in Max Life Insurance from around 1.5% to 30% via an all-cash deal worth Rs 1600 crores.

Must Read: Today News Headlines 29th April 2020

Latest India Business News 29th April 2020

  • PNB Housing Finance on Tuesday announced the appointment of Neeraj Vyas as its interim Managing Director and CEO.
  • PepsiCo’s first quarter sale beat estimates as housebound breakfasts and snacking during quarantine gave the company a boost.
  • The government in Karnataka on Tuesday announced ease in restrictions in some parts of the state and also permitted IT companies to continue working from home till the end of July.
  • Tata Motors on Tuesday announced that on May 5, its board will consider raising funds upto Rs 1000 crores via NCDs.
  • IDFC First Bank is planning to raise upto Rs 2000 crores via preferential allotment of shares shortly.
  • Biocon and Mylan on Tuesday announced the launch of Fulphila in Canada, after getting approval from the health regulator.
  • Axis Bank on Tuesday reported a net loss of Rs 1388 crores in Q4 FY20.

Must Read: Aaj ke Samachar 29 April 2020

Latest India Business News 29th April 2020

  • The government has extended its deadline for submitting bids for Air India by 2 months to 30 June.
  • WizCounsel, an on-demand MSME service booking platform, backed by Kapil Dev has grown five times during the lockdown.
  • NLC India commenced production and other coal mining operations in Odisha, where it has a production capacity of 20 million tonnes per annum.
  • Piaggio Vehicles on Tuesday announced an extension of free service and warranty period for its small commercial vehicles by 2 months.
  • Coca-Cola India on Tuesday pledged over Rs 100 crores for helping the healthcare system and communities to combat COVID-19.
  • Blue Dart Express on Tuesday said it has launched a service for medicine delivery through which customers can send medicines to relatives living abroad.
  • Tata Motors on Tuesday said it is planning to raise Rs 1000 crores via issue of debentures.
  • Fittr, an online fitness startup, raised $2 million in a pre-series A round of funding from Surge.
  • Rishad Premji in a tweet said that Wipro, on Monday, commenced operations in Kochi with 120 people resuming office.

Must Read: What is Today in History India 29 April

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