India News Headlines: Latest India Business News 7th November 2020

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Read Latest India Business News 7th November 2020:

Quote of the Day: “The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.” – Ingvar Kamprad

  • ITC on Friday reported a Q2 net profit fall by 19.6% to Rs 3,232.40 crores.
  • Routematic raised a fresh round of funding from Bosch for $2 million.

latest india business news 7th november 2020

  • United Breweries on Friday reported a 96.85% decline in Q2 net profit to Rs 3.61 crores.
  • Vedanta on Friday reported a 61.8% decline in consolidated net profit to Rs 824 crores.

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Latest India Business News 7th November 2020

  • Zomato is gearing up for a public listing to raise $146.5 million as part of its ongoing Series J round of funding.
  • Cipla on Friday reported a rise in Q2 net profit by 39% to Rs 659.35 crores.
  • Ashok Leyland posted a Rs 147 crore loss in Q2 on subdued performance.
  • Sundaram Finance on Friday recorded its Q2 net profit at Rs 192 crores.

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Latest India Business News 7th November 2020

  • The Securities Appellate Tribunal on Thursday rejected Reliance’s appeal against the SEBI order that directed the company to pay Rs 447 crores, along with 12% annual interest, for making alleged unlawful gains in securities trading.
  • The M3M Group witnessed a spike in home and office sales in NCR and said that their sales were almost returning back to pre-covid levels.
  • Jet Airways submitted its revival plan to NCLT.
  • Suzuki Motor Corp on Thursday witnessed a double-digit decline in its FY21 net profit and revenue, saying that the company will not be able to recoup the losses in vehicle sales in India and Japan in the June quarter following the pandemic-related restrictions.

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