India News Headlines: Latest India Business News 9th July 2020

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Read Latest India Business News 9th July 2020:

Quote of the Day: “You will either step forward into growth or you will step back into safety.” – Abraham Maslow

  • ixigo has reinstated salaries of its employees with effect from July and is giving deeply discounted ESOPs as a means to cover up the loss in pay for the last 3 months.
  • The IRB on Wednesday said the company raised Rs 150 crores via allotment of NCDs on a private placement basis.

latest india business news 9th july 2020

  • A rise in coronavirus cases in Aurangabad and Ballari has left the Indian industry worried as more disruptions will lead to widening losses for production hubs that were limping back to recovery after a lengthy lockdown.
  • The distressed hospitality sector is making efforts to sell their properties amid the demand destruction due to the coronavirus pandemic.

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Latest India Business News 9th July 2020

  • The Karnataka HC on Wednesday moved to fast-track Franklin case, setting specific timelines for petitioners and respondents with a 3-month deadline set by the SC.
  • The SC on Wednesday censured Fada for exceeding the limit set on BS-IV vehicle sales.
  • Diageo India on Wednesday announced the appointment of Deepika Warrier as their India marketing head, effective 27 July.
  • Sterling & Wilson Solar on Wednesday informed stock exchanges that its promoters are delaying repayments owed to the company, citing COVID-19.
  • The GMR Group on Wednesday said it concluded a deal to complete a 49% stake sale in its airport arm to ADP.
  • Lupin on Wednesday said the company is voluntarily recalling its diabetes treatment drug ‘Metformin Hydrochloride’ extended-release tablets in the US market.

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Latest India Business News 9th July 2020

  • sense.bio, an AI-backed health tech and fitness startup just recently launched in India.
  • Data collected by VC industry tracker Tracxn implies that startup funding has dropped by 29% in the first 6 months of 2020 to $4.2 billion.
  • The ICICI Bank on Wednesday said it will raise Rs 15000 crores via share sale.
  • Khadi and Village Industries Commission announced that Khadi masks will be available online.
  • Thomas Cook India on Wednesday said the company launched an initiative, ‘City Escapes’, to tap the growing demand for very short vacations.
  • Microsoft and NSDC on Wednesday partnered to provide digital skills to over 1 lakh of youth in India over the next 12 months.

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