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

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Read Latest India Business News 7th October 2020:

Quote of the Day: “If you keep your eye on the profit, you’re going to skimp on the product. But if you focus on making really great products, then the profits will follow.” – Steve Jobs

  • After the pushback from startup founders in India, the pressure has mounted on Google to soften its stance in the country.
  • Einola, the country manager for H&M in India said that with the planning to shut down 250 stores globally, the company is most likely to expand its footprint in India.

latest india business news 7th october 2020

  • Tata Sons is considering options regarding the future of AirAsia India.
  • The Centre approved 16 global and domestic mobile phone and electronic component makers for the PLI scheme to boost local manufacturing.

Must Read: Today News Headlines 7th October 2020

Latest India Business News 7th October 2020

  • ADIA is planning on buying a 1.2% stake in RIL’s retail arm with an investment of nearly Rs 5512.50 crores.
  • Anti-infective drug sales in India rebounded to 1.4% YoY in September after a 5-month decline. This indicates a potential recovery in footfalls at doctors’ clinics and out-patient departments of hospitals.
  • Amazon India’s ‘Great Indian Festival’ sale  is all set to focus on SMBs and is ramping up tools to make shopping more affordable.
  • IKEA plans to bring small store formats to Mumbai in FY 2021 as part of its plan to accelerate its omni-channel strategy in India.

Must Read: Aaj ke Samachar 07 October 2020

Latest India Business News 7th October 2020

  • The ED on Tuesday arrested Cox and Kings CFO Anil Khandelwal and internal auditor Naresh Jain in Yes Bank’s money-laundering probe.
  • The government on Tuesday appointed Dinesh Kumar Khara as the new SBI chairman for 3 years after Rajnish Kumar’s term ended.
  • Uni, a Fintech startup, raised $18.5 million in a seed funding led by Lightspeed and Accel.
  • IndusInd Bank posted a 10% rise in its Q2 deposits at ₹2.28 trillion during the quarter that ended in September.
  • Credit Wise Capital raised $6 million in a seed funding from angel investors.
  • The Carlyle Group bought a 20% stake in Piramal Pharma for Rs 3,523 crores.

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