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

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Quote of the Day: “Employers and business leaders need people who can think for themselves, who can take initiative and be the solution to problems.” – Stephen Covey

  • Pocket52, an online gaming platform, raised $1.75 million in a Series A round of funding led by Gameskraft.
  • WoodenStreet, a Jaipur-based online custom furniture platform, raised $3 million in a Series A round of funding led by IAN Fund and existing investor Rajasthan Venture Capital Funds.
  • LetsTransport, a logistics solutions provider, raised Rs 10 crores from Blacksoil Capital, a venture debt firm.

latest india business news 3rd june 2020

  • BankBazaar, an online financial services marketplace raised Rs 45 crores from new investors WSV Capital and a JV fund of Walden International and SK Telecom.
  • In partnership with the Delhi International Airport, Uber on Tuesday said it set up a sanitization hub at the Delhi airport to disinfect cars before every single trip.
  • A Pune-based startup, which makes available services of priests and material required for prayer ceremonies is now planning to launch an online holistic funeral management service.
  • Shriram Transport Finance is planning on raising up to Rs 2000 crores via a rights issue.
  • Honda Motorcycle & Scooter India on Tuesday said its May domestic wholesales fell 88% YoY at 54000 units.

Must Read: Today News Headlines 3rd June 2020

Latest India Business News 3rd June 2020

  • BMW India Financial Services has launched new schemes to drive sales as the company resumes operations across its dealership network and corporate office.
  • Kishore Biyani’s led Future group is planning to sell some of its in-house brands as the company faces pressure from lenders to reduce debt.
  • HUL on Tuesday said the company has ramped up production to 80-90% of normative levels and that majority of its suppliers in India have now resumed business. The company also donated 74000 RT-PCR kits for testing worth Rs 13 crores.
  • Syngene International has developed its own ELISA antibody testing kit at its research facility in Bengaluru. The company has tied up with HiMedia Laboratories for manufacturing and distribution.

Must Read: Aaj ke Samachar 3 June 2020

Latest India Business News 3rd June 2020

  • AirAsia India slashed the salary of pilots by an average of 40% for May and June.
  • Britannia Industries on Tuesday reported a 26% YoY jump in its Q4 net profit to Rs 375 crores.
  • Uday Kotak on Tuesday sold 56 million shares held by him in Kotak Mahindra Bank for Rs 6913.75 crores via a block deal.
  • Motherson Sumi Systems’ Q4 net profit fell 68.4% YoY to Rs 135.66 crores.
  • Zomato on Tuesday announced that the company has partnered with the Singapore tourism board to host its flagship Zomaland event on a digital platform.

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