India News Headlines: Latest India Business News 3rd August 2020

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Quote of the Day: “The true entrepreneur is a doer, not a dreamer.” – Nolan Bushnell

  • The shift towards online consultations led by the nationwide lockdown and social distancing norms has increased growth in e-health startups.
  • Samsung Electronics is forging a comeback in India as anti-China waves surge.
  • The Indian Overseas Bank is taking several measures to reduce its bad loans to come out of the PCA framework. The bank’s one-time settlement strategy has paid dividends in recoveries of bad loans.

latest india business news 3rd august 2020

  • Indian Oil Corporation (IOCL) is set to invest Rs 13805 crores to set up a new plant in Odisha to manufacture raw materials for the textile sector.
  • Renault lines up new models and is focusing on the rural market to cement its position in India.

Must Read: Today News Headlines 3rd August 2020

Latest India Business News 3rd August 2020

  • PE investment in warehousing and industrial space segment plunged 92% to USD 102 million during the first 6 months of 2020.
  • Royal Enfield on Saturday reported a 26% fall in total sales of July at 40334 units.
  • TVS Motor on Saturday reported a 10% fall in total sales of July at 252744 units.
  • Sonalika Tractors on Saturday reported a domestic sales of 8219 units in July.
  • Hero MotoCorp on Saturday reported a 3.9% YoY fall in domestic wholesale to 514509 units in July.

Must Read: People that played a role on this day in History 3 August

Latest India Business News 3rd August 2020

  • M&M on Saturday reported a 27% jump in its tractor sales at 25402 units.
  • Toyota Kirloskar Motor on Saturday reported a total domestic wholesales of 5386 units.
  • The SC stays Delhi HC’s bail to Fortis promoter Shivinder Singh.
  • FCA India on Saturday said it will recall 547 units of MY20 Jeep Compass models to rectify fitment of a ‘brace nut’ which is used in wiper assembly as a precautionary exercise.
  • Hyundai Motor India on Saturday reported a 28% fall in total sales of July at 41300 units.

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