Latest India Business News 2nd March 2020

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Latest India Business News 2nd March 2020: 

Quote of the Day: “Try, try, try, and keep on trying is the rule that must be followed to become an expert in anything”- W. Clement Stone

  • Mumbai-based digital video curation platform Flickstree has raised $3 million in a Series A funding round led by Samsung Venture Investment Corp.
  • Software-as-a-service (SaaS) unicorn Freshworks Inc. has acquired US-based artificial intelligence (AI) startup AnsweriQ Inc. for an undisclosed amount.

latest india business news 2nd march 2020

  • The government and the Reserve Bank of India (RBI) are considering all options, including an interim bailout of Yes Bank Ltd, in case a proposed $2 billion capital infusion into the private lender gets further delayed.
  • Axis Bank Ltd is looking to raise its stake in Max Life Insurance Co. Ltd by buying an additional 17.9% stake.
  • Intercity mobility startup IntrCity by RailYatri has raised over ₹100 crore in a new funding round led by Infosys’ non-executive chairman, Nandan Nilekani, along with Samsung Venture Investment.

Do read: People that played a role on this day in History 2 March

Latest India Business News 2nd March 2020

  • Homegrown startup investor Blume Ventures has closed its opportunity fund at $41 million, designed to invest in best performing portfolio companies.
  • Telecom operator Bharti Airtel Ltd. said that it has made an additional payment of Rs 8,004 crore towards adjusted gross revenue dues to the Department of Telecom.
  • India’s Tata Motors Ltd. saw a 34% slide in domestic sales in February, as automakers were hit by the lack of supply of parts from China amid the coronavirus outbreak.
  • Wi-Fi on domestic flights will now be allowed upon permission from the pilot-in-command and the gadget is to be used in flight mode, with the government finally notifying rules for this.

Must Read: Today News Headlines 02nd March 2020

Latest India Business News 2nd March 2020

  • French tech major Capgemini, which employs close to 1.15 lakh people in India, is looking to hire up to 30,000 employees in the country this year, as it seeks to derive more value from its presence.
  • The Reserve Bank of India has approved the appointment of Sumant Kathpalia as managing director and chief executive officer of IndusInd Bank Ltd., with effect from March 24, for a period of three years.
  • Mahindra and Mahindra has initiated talks with Ashok Leyland, Renault and Hyundai to supply its electric powertrain to its peers, seeking to establish its credentials in a mobility segment that many believe would soon alter the dynamics of the hitherto fuel fired automotive industry.
  • Ajanta-Orpat Group, which operates in consumer electronic, electrical and home appliances segments, aims to double its turnover in next five years to Rs 2,400 crore.

Must Read: Aaj ke Samachar 2 March 2020

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