Business News Headlines: Latest India Business News Today 1st December 2020

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Read the latest India business news today 1 December 2020.

  • Cred, a credit card repayment platform, has raised $80 million in a funding round led by partners of its existing investor DST Global and participation from Sequoia Capital and Ribbit Capital at a valuation of $800 Million.
  • DBS Bank has said that the customers of Lakshmi Vilas Bank can continue to access all banking services.

latest india business news today 1st december 2020

  • Gautam Adani’s group has indicated that it can improve on its Rs.33,000 crore takeover offer for DHFL.
  • CerraCap Ventures, a US-based early-stage tech fund, and Exfinity Venture Partners, a Bangalore-based VC fund have entered into a partnership to help build and scale global enterprise startups.
  • Reportedly Tata group’s offer to buy the beverage vending machine business of Coffee Day Group has hit a hurdle with its two lenders, Yes Bank and Rabobank, demanding repayment of their entire dues before giving a NOC for the deal.
  • Bata has promoted its India CEO, Sandeep Kataria, as its global CEO.

Must Read: Start up funding in India in November 2020

Latest India Business News Today 1 December 2020 – Business news headlines today

  • Ola has appointed former VP-Manufacturing of General Motors Jose Pinheiro as head of its electric business global manufacturing and operations.
  • Sidbi is tying up with banks to consider MSME restructuring proposals sent through “arm-msme”, its newly launched hand-holding help-line.
  • Indian Hotels Company has signed three new management contracts with the Ambuja Neotia group hotels in Kolkata and Patna. IHCL will also launch the Taj Chia Kutir in Darjeeling with Ambuja Neotia group on December 14.
  • Shapoorji Pallonji Real Estate is planning to start building shared living and student housing in Pune and Mumbai region.
  • GSK Consumer Healthcare is looking to partner with local manufacturers for its newly-launched Polident brand of specialized oral care products in India.
  • Karnataka Employers’ Association has written to the state government asking it to take stern action against Toyota Kirloskar Motor employees who resorted to protests at Bidadi.

Must Read: December 1 in Indian History-birthdays, anniversaries, events+more

Latest India Business News Today 1 December 2020 – Business news headlines today

  • DHL Express India has appointed Manish Patel as its VP-operations. He succeeds Ashutosh Bajpai, who is taking over as VP-Asia-Pacific (excluding China).
  • Hindustan Construction Company, in partnership with Vensar Constructions Company, has bagged two orders worth Rs.236 crores from Northeast Frontier Railway.
  • Considering the adverse financial impact of the Covid-19 pandemic, Delhi High Court has restrained the Airports Authority of India from collecting 38.7% of Mumbai airport’s revenue as annual fee.
  • To support the long-term financial needs of infrastructure projects, the Finance Ministry has proposed giving ‘development finance institution’ tag to India Infrastructure Finance Company.
  • As per published reports, Anil Ambani-led Reliance Capital defaulted interest payment on its outstanding borrowings of Rs.690 crore from Axis and HDFC Bank.
  • Mankind Pharma has signed Anushka Sharma as brand ambassador for Prega News, its home pregnancy test kit brand.

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