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

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Quote of the Day: “Brands mature over time, like a marriage. The bond you feel with your spouse is different than when you first met each other. Excitement and discovery are replaced by comfort and depth.” – Gary Vaynerchuck

  • RIL today announced new investments from TPG and GIC into Reliance Retail. GIC will invest Rs 5,512.5 crores and TGP will invest Rs 1837.5 crores.
  • On October 1, IIFL Wealth Management exited its investment advisory business post the SEBI circular.

latest india business news 3rd october 2020

  • Home First on Friday said Warburg has agreed to invest Rs 700 crores in the affordable housing financier.
  • RailTel on Friday filed the draft red herring prospectus for its Rs 700 crore IPO with SEBI.

Must Read: Today News Headlines 3rd October 2020 

Latest India Business News 3rd October 2020

  • Danone, French packaged foods company, is planning to expand its adult nutrition portfolio in India.
  • IndiGo on Friday said the company has appointed former WestJet CEO Gregg Saretsky as additional director.
  • Tata Motors domestic sales grew 37% YoY in September to 44,444 units.
  • PepsiCo on Thursday said its snacking business in India recorded a high-single digit revenue growth in India in Q3
  • Mahindra Lifespace Developers are planning to venture into plotted development projects and has multiple residential project launches in the pipeline.

Must Read: Aaj ke Samachar 03 October 2020

Latest India Business News 3rd October 2020

  • Elon Musk, co-founder and chief executive at Tesla, on Friday said the company is planning to enter the Indian market in 2021.
  • Chittaranjan Locomotive Works (CLW) turned out the First batch of Tejas Express locos for ‘push-pull’ operations.
  • Reliance Jio Fiber trust is planning to raise around $5.4 billion from group firms.
  • Curefit carved off it’s Eatfit as an independent vertical.
  • Mubadala Investment will be investing nearly Rs 6247.5 crores in RIL’s retail arm.

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