India News Headlines: Latest India Business News 7th September 2020
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Read Latest India Business News 7th September 2020:
Quote of the Day: “Where focus goes energy flows.” – Tony Robbins
- 5 years of investments via ETFs have yielded the EPFO negative returns, with implications for subscriber payout.
- Maruti Suzuki has shifted its gear as covid hits sales. The company has deferred its plan on selling nearly 5 million cars a year in India by 2030z
- Given the company’s relatively low market value, Vodafone Idea’s fundraising might drive down promoter holding.
- RIL on Sunday released details relating to its spin off oil to chemicals business into a separate entity.
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Latest India Business News 7th September 2020
- Tata Steel’s CEO and MD, TV Narendran said the company’s production has now fully recovered to 100% as the company sees a revival in domestic demand in the current quarter.
- GCMMF, which markets Amul, is planning on investing Rs 1500 crores over the next 2 years to set up dairy, edible oil, potato, and other processing plants.
- PVR has deferred its capex plans to control costs amid covid-19 disruptions.
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Latest India Business News 7th September 2020
- Despite COVID-19 and the lockdown, India witnessed a 23% increase in the export of farm produce between April and June. Rice and Sugar dominated the charts.
- The RBI’s norms on corporate loan structuring is likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh crores to qualify for recast.
- Gaja Capital is in talks to lead the funding round of $100 million for 1mg.
- Nirav Modi’s extradition is likely to resume in the UK Court today.
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