India News Headlines: Latest India Business News 4th June 2020

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Read Latest India Business News 4th June 2020:

Quote of the Day: “It takes 20 years to build a reputation and five minutes to ruin in. If you think about that, you’ll do things differently.” – Warren Buffet

  • Aurobindo Pharma reported a 45% YoY jump in Q4 consolidated profit to Rs 850 crores.
  • Life Insurance Corp. is planning to cut its equity investment target to Rs 30000 crores and is likely to invest less in stocks.

latest india business news 4th june 2020

  • Since the government has announced special packages for MSMEs, startups are lining up to register as MSMEs.

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Latest India Business News 4th June 2020

  • Dentsu Aegis Network India on Wednesday won the top category at the Indian Agency Awards 2020.
  • M&M on Wednesday said its estimated quantum of sales lost due to the ongoing pandemic would be around 87,000 vehicles and 30,000 tractors in Q1FY21.
  • The NAA has ordered a probe into Phillips India for ‘profiteering’ aspects of goods sold by the company.
  • BPCL posted a consolidated loss of Rs 1819.6 crores on inventory loss and lower GRM for the quarter that ended in March 2020.
  • After DGCA’s permission, Hyperlocal delivery startups including Zomato, Swiggy, and Dunzo can now begin to test drones for deliveries.

Must Read: Aaj ke Samachar 4 June 2020

Latest India Business News 4th June 2020

  • The SC on Wednesday asked NBCC, SBI Cap, the court Receiver, and the UCO Bank to file for a joint meeting and present a finalized proposal on Amrapali projects in the court next week.
  • Reliance Industries on Wednesday closed its Rs 53125 crores rights issue successfully with 1.6 times subscription.
  • IVF Access, a healthcare startup raised $5 million in a Series A round of funding led by Vertex Ventures Southeast Asia and India.
  • Facebook on Wednesday struck a global licensing deal with Saregama under which the Indian music company’s entire catalog will be available on the social media platform and on its video-sharing app, Instagram.

Must Read: Today News Headlines 4th June 2020

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