Business News Headlines: Latest India Business News Today 18th November 2020

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Read Latest India Business News Today 18th November 2020:

  • Indiamart Intermesh and Just Dial are engaged in a legal war over copyright infringement issues. Indiamart has alleged that Just Dial infringed upon its copyright over website compilations.
  • A few lenders to Srei group may approach NCLAT over Srei’s move to reconsolidate its assets in a separate group company which allegedly would be a potential breach of loan covenants.

latest india business news today 18th november 2020

  • PE firm Blackstone sold 15 million shares (11.03%) in Tanla Platforms for Rs.587 crores in open market transactions.
  • Wipro shareholders have approved a share buyback plan of Rs.9,500 crores. The plan was approved by the board last month. TCS has also proposed Rs.16,000 crore buyback plan.

Must Read:Today News Headlines 18th November 2020

Latest India Business News Today 18th November 2020 – Business news headlines today

  • Lakshmi Vilas Bank has been brought under moratorium effective 6 pm, 17 November until 16 December. The withdrawals have been restricted to Rs.25,000 per borrower during the period of moratorium.
  • DLF Ltd has said it has been recognized as an index component of the Dow Jones Sustainability Indices in the emerging markets category.  It ranked 18th with 93 percentile overall score in governance, environment, and social dimension.
  • AirAsia Bhd has said it is evaluating its loss-making JV with Tata Sons in the wake of the financial distress caused due to the Covid-19 pandemic.
  • Airtel has reportedly started deploying 4G technology in 900 megahertz band across 10 telecom circles. The move is to enhance indoor coverage of high-speed mobile telephony.

Must Read:Aaj ke Samachar 18 November 2020

Latest India Business News Today 18th November 2020 – Business news headlines today

  • The government has sought additional time from Delhi HC to decide whether it will challenge the ruling of international arbitration court in favour of Vodafone in a retrospective tax case.
  • Four former independent trustees of Akshaya Patra have raised concerns over its governance.
  • Pfizer and its group companies have reportedly filed a petition in a US court against Aurobindo Pharma and Dr Reddy’s Laboratories alleging that the Indian drug makers were planning separately to come out with generic versions of its multi-billion-dollar drug Ibrance (palbociclib) before the expiration of its patent.
  • Turtlemint, an insuretech start-up, has raised $30 million in a funding round led by GGV Capital. The funds will be used to add cutting-edge technology solutions and scaling penetration in tier 2-3 towns.

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