Latest India Business News 3rd April 2020

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Quote of the Day: “When you set the right targets, aspirations, and you work efficiently and diligently, the numbers happen.” – Anand Mahindra

  • The Godrej Group is in talks with the government on how to overcome production and supply chain constraints for its FMCG arm.

latest india business news 3rd april 2020

  • Indian startups pool in Rs 100 crores to boost firms targeting the virus under an Action COVID-19 Team (ACT).

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Latest India Business News 3rd April 2020

  • Uber has partnered with Bigbasket to deliver essentials to customers at their doorsteps.
  • Google on Thursday said it will pump $6.5 million to act against misinformation regarding coronavirus
  • IIM-B and ICICI Securities on Thursday said it will launch an incubation program for fintech startups.
  • Aurobindo Pharma called off its $1 billion deal with Sandoz after failing to get US FTC approval.
  • TikTok on Wednesday donated 4 lakh hazmat suits and 2 lakh masks worth Rs 100 crores to Indian doctors.
  • Recko raised $6 million in a Series A round of funding led by Vertex Ventures.
  • Bione, Bengaluru-based biotech startup, on Thursday launched a rapid COVID-19 home screening test kit.

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Latest India Business News 3rd April 2020

  • MG Motor on Thursday announced a hunt for affordable ventilator designs to help fight coronavirus. The company earmarked Rs 10 lakhs for the best design concept.
  • Anand Mahindra, Chairman of Mahindra Group on Thursday asked its employees to use the lockdown period to relook at their personal & professional way of life to prepare for the “post corona world”.
  • After HDFC, ICICI, and Kotak Mahindra Bank, now Axis Bank has also offered EMI deferment on loans for 3 months.
  • E-commerce firm, More Retail is operating almost 90% of its stores despite supply disruptions and labour unavailability.

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