India News Headlines: Latest India Business News 8th May 2020

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Read Latest India Business News 8th May 2020:

Quote of the Day: “Success is not final, failure is not fatal. It is the courage to continue that counts.” – Winston Churchill

  • Reliance Industries is considering selling its $989 million worth of stake in Asian Paints.
  • Kishore Biyani’s Future Group approached PE firms including Blackstone to reduce debt and to keep control of its group companies.

latest india business news 8th may 2020

  • RIL appointed nine investment banks for its Rs 53215 crores worth of rights issue.
  • Icra on Thursday reported an existential crisis for domestic airlines that are already facing financial stress.
  • HCL Tech’s CEO on Thursday said the company is set to hire 15,000 freshers in 2020 but will place lateral hiring on hold.

Must Read: What is Today in History India 8 May

Latest India Business News 8th May 2020

  • Bombardier on Thursday said it won the Rs 2577 crore contract to produce transit trains for the Delhi-Ghaziabad-Meerut rail corridor under phase 1 of the Regional Rapid Transit System.
  • Tata Motors on Thursday decided to withdraw the issue of unsecured NCDs of almost Rs 1000 crores.
  • RBL Bank reported a 54% decline in its Q4 net profit to Rs 114.3 crores.
  • BMW India on Thursday said it resumed operations at its Chennai plant while adhering to lockdown guidelines issued by local authorities.
  • Ratan Tata on Thursday picked up a stake in Generic Aadhaar which is a pharmaceutical startup.
  • Rahul Jaimini, co-founder & chief technology officer at Swiggy resigned to join Pesto Tech as co-founder.
  • PCR test for Covid-19: Mylab increases daily production capacity to 2 lakh.

Must Read: Aaj ke samachar 8 May 2020

Latest India Business News 8th May 2020

  • Mylab Discovery Solutions has expanded its production capacity to manufacture 2 lakh COVID-19 RT-PCR tests in a day from the second week of May.
  • Daimler India on Thursday said it resumed operations at its Chennai plant.
  • Amazon is considering to add investment in Future Retail.
  • HCL Technologies’ Q4 net profit jumped up to Rs 3154 crores, showing a little impact of COVID-19.
  • HMSI restarts rebooting dealership operations.
  • LetsVenture launched a growth-stage platform, LetsVenture Plus, to tap domestic capital.

Must Read: Today News Headlines 8th May 2020 

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