India News Headlines: Latest India Business News 5th November 2020

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Read Latest India Business News 5th November 2020:

Quote of the Day: “It’s not about ideas. It’s about making ideas happen.” – Scott Belsk

  • SBI reported a Q2 net profit rise to Rs 4,574 crores.
  • ESR India signed an agreement with the Maharashtra government to invest Rs 4,310 crores to build 11 industrial parks.

latest india business news 5th november 2020

  • Jubilant Life Sciences on Wednesday reported a Q2 decline in consolidated net profit to Rs 224.12 crores, mainly on account of higher taxes.

Must Read:Today News Headlines 5th November 2020

Latest India Business News 5th November 2020

  • United Spirits on Wednesday reported a Q2 decline in consolidated net profit by 20.62% to Rs 125.1 crores.
  • Adani Gas on Wednesday announced the acquisition of 3 of Jay Madhok Energy’s city gas licences for Ludhiana, Jalandhar, and Kutch.
  • Tomorrow Capital is set to invest Rs 100 crores in startups as the company made an exits from further investments in ZenoHealth.
  • The NAA has ordered Starbucks Coffee Company to deposit Rs 1.04 crores profiteered amount to central and state consumer welfare funds.

Must Read:Top Global Venture Capital firms investing in Indian companies

Latest India Business News 5th November 2020

  • RailTel announced its highest ever consolidated income of Rs 11,660.05 million.
  • Apollo Tyres on Wednesday reported a 140% YoY increase in consolidated net profit to Rs 200 crores for the quarter that ended in September.
  • HPCL’s board approved a Rs 2,500 crore limit share buyback.
  • Adani Enterprises on Wednesday reported a Q2 consolidated profit of Rs 435.73 crores. The company is also planning to invest around Rs 50000 crores in capital expenditure in its new businesses over the next five years.

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