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

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Read Latest India Business News 3rd July 2020:

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  • HUL announced the renaming of Fair & Lovely to ‘Glow & Lovely’.
  • After HUL changed its men’s fairness cream to ‘Glow & Handsome’, Emami said it will seek consultancy from legal experts over HUL’s decision.latest india business news 3rd july 2020
  • Motherson Sumi Systems on Tuesday announced a new organizational restructuring. Domestic wiring business to become a separate entity while the holding company will be merged with the existing organization.
  • The CBI has filed cases against Dr. GVK Reddy, officials of Airport Authority of India and others for alleged irregularities worth over Rs 700 crores in the development of the Mumbai Airport. Expressing surprise over the filing, Mumbai International Airport Ltd said it will cooperate in CBI Probe.

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Latest India Business News 3rd July 2020

  • KKR is set to acquire a controlling stake in JB Chemicals.
  • Sonalika Tractors on Thursday reported a 55% YoY increase in domestic sales of tractors to 13691 units in June. This is the highest ever sales registered by the company.
  • COVID pushes ITC to expand personal and home hygiene portfolio. The company launched a soap and body wash under the Savlon Hexa brand as makers of Aashirvaad flour, Vivel soaps, and Yippee! Noddles raised ante against Dettol and HUL’s Lifebuoy.
  • Accenture is cutting up to 900 jobs as the COVID-19 pandemic takes a toll on demand for its advisory work.
  • Hines has partnered with the DNR Group to develop an office project in Bengaluru.

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Latest India Business News 3rd July 2020

  • Bajaj Auto on Thursday reported that the company’s total sales in June declined 31% at 278097 units.
  • Bulk MRO has raised Rs 25 crores as part of its new debt funding round led by Stride Ventures.
  • Zetwerk has raised $21 million as part of its Series C round of funding led by Greenoaks Capital.
  • Zolostays has started waiving off rental payments for residents hit by job cuts to stay afloat during the COVID-19 pandemic.
  • The board of directors of Tata Power on Thursday approved infusion of Rs 2600 crores by Tata Sons.

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