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

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Read Latest India Business News 29th June 2020:

Quote of the Day: “Play by the rules, but be ferocious.” – Phil Knight

  • A group of Zomato employees in Kolkata tore and burnt their official T-shirts on Saturday to protest against the killing of 20 Indian soldiers by the Chinese Army in Ladakh last week.
  • Amazon India on Sunday said it has created nearly 20000 temporary employment opportunities in customer service.

latest india business news 29th june 2020

  • Construction in most real estate projects across cities have not begun even after lockdown restrictions were lifted due to capital and labour crunch.
  • PNB managing director, S S Mallikarjuna Rao said there are no plans to sell non-core assets, including subsidiaries, in the current financial year.
  • IndiGo CEO, Ronojoy Dutta said the company may take anywhere between 18 and 24 months to recover from the current situation to come back to the pre-covid levels of travel demand, depending on how other countries resume their international operations.

Must Read: Today News Headlines 29th June 2020

Latest India Business News 29th June 2020

  • The government has again extended the deadline to bid for Air India by 2 months to 31 August.
  • Under the 4th phase of the Vande Bharat Mission, Air India will be conducting 170 flights to and from 17 countries between July 3-15.
  • Nandan Nilekani, chairman at Infosys, on Saturday said Nearly 9000 of its trainees at the Mysuru residential campus have relocated to their homes.
  • Airtel Payments Bank’s revenue has increased 87% to Rs 474 crores in FY20
  • RIL has pushed back KG-D6 production to Sep-Oct after the COVID-19 lockdown imposed unprecedented constraints in execution of the deepwater project.
  • Axis Bank on Saturday clarified that S&P accidentally mentioned the bank being on credit watch. S&P confirmed that it was an editorial error and the bank is on stable outlook.

Must Read: Aaj ke Samachar 29 June 2020

Latest India Business News 29th June 2020

  • Rajnish Kumar, chairman of SBI on Saturday said the company is working on setting up an e-commerce portal for MSMEs in India.
  • Brookfield Asset Management is acquiring 2 floors of Jet Airways’ BKC office space for Rs 490 crores.
  • NTPC on Saturday reported a Q4 net profit decline by 70% to Rs 1523 crores due to higher tax provision under the  ‘Vivad Se Vishwas’ scheme.
  • Oil India reported a net profit of Rs 925.64 crores for the quarter ending in March.
  • In its 5th AGM on Thursday, Adani Green Energy received shareholders’ approval to raise Rs 2500 crores.
  • IDBI Bank on Saturday said it will sell 27% stake in IDBI Federal Life Insurance.

Must Read: People that played a role on this day in History 29 June

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