Latest India Business News 31st March 2020

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Quote of the Day: “Mahatma Gandhi’s dream of self-reliance can be attained by making use of internet and technology.” – Mukesh Ambani

  • BigBasket and National Restaurant Association of India have partnered to help NRAI’s restaurant staff in gaining temporary employment with BigBasket.
  • The Shapoorji Group reached out to its lenders to raise $1 billion by pledging its shares in Tata Sons.

latest india business news 31st march 2020 today

  • Toyota Kirloskar Motor on Friday has planed financial assistance to its dealer partners through a special ‘Covid package’.
  • Infosys Foundation has committed Rs 100 crores towards Covid-19 relief efforts. The Foundation contributed half of this commitment (Rs 50 crores) to the PM-CARES Fund.
  • The Bombay HC has barred IDBI Trusteeship Services from invoking pledged shares of Future Retail on behalf of UBS AG till May 4.

Must Read: Today News Headlines 31st March 2020

Latest India Business News 31st March 2020

  • Reliance Industries announced a commitment of  Rs 500 crores to the PM-CARES Fund.
  • HPCL has invoked force majeure on Iraqi Oil Marketing Company, SOMO, to cancel two oil cargoes as local fuel demand is hit by a lockdown.
  • OMCs including Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp have announced an ex-gratia of Rs 5 lakh for coronavirus-related death of LPG distribution personnel.
  • Apollo Hospitals partnered with SBI, Hindustan Unilever, Deutsche Bank and Lemon Tree Hotels, Ginger Hotels, OYO Hotels and Homes, to pool 5,000 rooms of hospitality chains at a discount for quarantine facilities.
  • TCS is collaborating with CSIR to find a cure for covid-19 using AI for treating the novel ‘Severe acute respiratory syndrome Coronavirus 2’ (SARS-CoV-2).
  • C N Ashwath Narayan, Deputy CM Karnataka, said that Ola Cabs have agreed to give 500 vehicles to the government for transporting doctors and for other coronavirus-related activities
  • L&T set aside Rs 500 crores per month to support 1.6 lakh of its contract workers.

Must Read: The War Against Coronavirus: Donations from Indian business tycoons to fight against COVID-19 

Latest India Business News 31st March 2020

  • NIIF on Monday said it received $100 million from ADB into NIIF Fund of Funds.
  • Airbnb on Monday said it is devoting $250 million to help hosts amid cancellations.
  • HDFC Trustee Company bought 3.4 crore shares of SpiceJet indicating a 5.45% stake in the airline.
  • HCL said that the company sees no major impact of coronavirus lockdown in this quarter. 76% of its employees in India and 92% of those outside India are working from home and the company did not see any major disruptions.
  • Maruti Suzuki India on Monday announced an extension of service and warranty to support customers.
  • Unacademy acquired Kreatryx in a cash and stock deal. Kreatryx is an online preparation platform for GATE and Engineering Services Exam (ESE).
  • GMR Airports’ French partner, Group ADP raised 2.5 billion Euros via bonds.

Must Read: What is Today in History India 31 March

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