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