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

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Read Latest India Business News 9th May 2020:

Quote of the Day: “Your most unhappy customers are your greatest source of learning.” – Bill Gates

  • Google and Facebook have extended work from home plans for most employees for the rest of the year.
  • Franklin Templeton India apologized to SEBI over comments made by Jenny Johnson, the company’s global chief executive. The asset manager claims that the comments were taken out of context.

latest india business news 9th may 2020

  • Vista Equity Partners on Friday agreed on buying a 2.32% stake in Jio for Rs 11367 crores.
  • Researchers at IIT-Ropar developed a germicidal box that uses ultraviolet light to sanitize every small item brought from outside including groceries, vegetables, and currency notes in 30 minutes. This germicidal box uses UV at a wavelength of under 290 nanometres which modifies the DNA of microorganisms.

Must Read: Today News Headlines 9th May 2020 

Latest India Business News 9th May 2020

  • The Ministry of Defense on Friday inked a Rs 1200 crore deal with Tata Power SED to upgrade 37 airbases.
  • While the overall medicine sales dropped 11.2% y-o-y to Rs 10211 crores, Ipca Laboratories posted a sale growth in April.
  • PE firm Carlyle agreed to acquire up to 74% stake in SeQuent Scientific, an animal health-focused pharmaceutical company, for Rs 1580 crores.
  • Shree Cement on Friday reported an 83% jump in its Q4 net profit to Rs 588 crores.
  • Tanishq reopened 40 stores this week and will invite customers by appointment.
  • IIT Kanpur’s incubated startup, Nocca Robotics developed an ICU-grade ventilator for coronavirus patients. This ventilator is 90% cheaper than the imported ones.

Must Read: Aaj ke samachar 9 May 2020

Latest India Business News 9th May 2020

  • SBI Card’s Q4 net profit dropped to Rs 83.54 crores.
  • Ronojoy Dutta, IndiGo CEO on Friday said the company has decided to cut salaries of senior employees from May onwards. It will also implement a ‘limited, graded leave without pay program’ during the months of May, June, and July.
  • Mahindra & Mahindra announced the launch of its integrated online platform. This platform allows customers to finance, insure, exchange, accessorize, and purchase a company vehicle online.
  • Dr. Reddy’s Laboratories on Friday said it received approval for its facility at Srikakulam in Andhra Pradesh from the US FDA.
  • Paytm Payments Bank on Thursday crossed Rs 600 crores in fixed deposit accounts.
  • Samsung commenced operations in its mobile factory in Noida.

Must Read: What is Today in History India 9 May 

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