India News Headlines: Latest India Business News 6th July 2020

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Read Latest India Business News 6th July 2020:

Quote of the Day: Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.” – Conrad Hilton

  • According to a survey by FICCI and IAN, nearly 12% of startups in India are shutting down due to the impact of the ongoing COVID-19 crisis.
  • A survey of 250 startups has revealed that 70% of businesses have been impacted by the COVID-19 pandemic.

latest india business news 6th july 2020

  • The CAIT has asked the government to restrict Chinese companies from participating in the 5G rollout in India.
  • The Covid-19 crisis has deeply impacted the co-living sector in India, leading to alterations in rents and rental agreements, community spaces, profit margins, and expansion plans.

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Latest India Business News 6th July 2020

  • RIL is planning to increase its network of aviation fuel stations by 50%, as the company looks to capture a greater market share in the business.
  • After testing negative for Covid-19, SAIL Chairman, Anil Kumar Chaudhary resumed office.
  • PhonePe has partnered with Shadowfax, a logistics company, to pilot hyperlocal deliveries for its offline Kirana merchants in Bengaluru.
  • BillDesk is once again looking for buyers after the company’s promoters’ attempt to sell it two years ago failed. The company plans to sell-off business for $2.5 billion.
  • Mahindra Group on Thursday announced the appointment of Amit Raje as Executive Vice President for partnerships and alliances to help it scale up its high-potential businesses and deliver technology to strengthen its market position.
  • DHFL has defaulted on payment of Rs 50 crores on bonds and said that the company is not in a position to make payments to the lenders as it is under moratorium since last November.

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Latest India Business News 6th July 2020

  • As customers look to enrich the user experience and improve productivity, Oracle, a global technology firm, witnessed a rise in the adoption of AI-enabled digital assistants or chatbots in India.
  • Biocon aims at listing its biosimilar unit in the next 2-3 years, depending upon market conditions.
  • Affle India, a mobile advertising company, on Thursday said it will acquire an 8% stake in Indus OS.
  • Bajaj Auto’s union on Saturday said that its workers demanded a temporary closure of one of its plants after 250 employees tested positive for coronavirus.
  • Ashok Leland is planning to focus on exports and the LCV category for a revival of volumes and its overall business.
  • HDFC Bank on Saturday reported a 21% rise in its advances, which totaled to Rs 10.04 lakh crores on June 30.
  • BHEL, BEML, and Titagarh expressed their interest in manufacturing rakes for the Mumbai monorail projects.

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