India News Headlines: Latest India Business News 4th August 2020
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Quote of the Day: “The cost of being wrong is less than the cost of doing nothing.” – Seth Godin
- Jubilant Generics launched remdesivir under ‘JUBI-R’ at Rs 4700 per vial in the Indian market
- The Serum Institute of India on Monday got DCGI approval for phase II and phase III clinical trials of Oxford vaccine.
- Maruti Suzuki India and Hyundai Motor India are planning to ramp up production to peak FY18 levels.
- A foreign entity on Monday sold shares worth Rs 383.68 crores in Apollo Hospitals Enterprises.
- PVR’s rights issue has been subscribed 2.23 times.
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Latest India Business News 4th August 2020
- DST Global headed by Billionaire Yuri Milner is all set to invest $400 million in Byju’s, an Indian online education startup.
- BSE on Monday reported a Q1 net profit fall by 21.4% to Rs 32.48 crores.
- Renew Power is gearing to raise funds via dollar bonds to refinance domestic debt of certain operating asset.
- Exide Industries on Monday reported a Q1 net loss of Rs 13.56 crores.
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Latest India Business News 4th August 2020
- Welspun Corp on Monday said it bagged multiple pipe supply orders worth Rs 1000 crores.
- GMR Infra is working to divest a large part of its non-core assets to yield significant value even from 50% of land monetization.
- Bandhan Bank on Monday said the promoter’s stake of the company reduced to 40% after the block deal in which 337.4 million shares were sold.
- Bank of India on Monday reported a 3-fold rise in its June quarter profit to Rs 843.60 crores.
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