Business news headlines: Latest India business news today 20 February 2021

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Read the latest India business news today 20 February 2021.

  • The Board of Directors of Muthoot Finance has approved fundraising up to Rs.6,000 crores.
  • OneWeb has appointed Srikanth Balachandran as the CFO. Balachandran was earlier associated with Bharti Global.

latest india business news today 20 february 2021

  • LIC Housing Finance is said to have disbursed loans through its mobile banking app worth around Rs.1,331 crores in the last one year.
  • Kochouseph Chittilappilly, promoter and chairman emeritus of V-Guard Industries, has sold 40 lakh shares in the company worth Rs.90 crore to fund social causes.
  • Ikea has got 50,000 sqm land in Sector 51 for its Noida facility.
  • Inox Air Products, India’s largest manufacturer of industrial and medical gases, will invest Rs.2,000 crores to build eight new air separation units across India. The company currently has 44 units.

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Latest India business news today 20 February 2021 – business news headlines today

  • U GRO Capital, a small business lending fintech platform, has launched a new platform, ‘GRO Micro’, to support unorganized small businesses in non-metro cities.
  • Jubilant FoodWorks is set to fully acquire the Netherlands-based Fides Food Systems Coöperatief UA via its wholly-owned subsidiary, Jubilant Foodworks Netherlands B.V. for around £24.80 million.
  • International Financial Services Centre Authority has announced a framework for companies planning to enter into aircraft operating leases in India.
  • Airbus has signed an initial pact with FlyBlade India, the Indian subsidiary of US-based helicopter transport services provider BLADE, to help develop the on-demand helicopter services market in South Asia.

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Latest India business news today 20 February 2021 – business news headlines today

  • Marico Industries has entered into the instant noodles business where it would compete with already established Nestle and ITC.
  • DCCDL, the rental arm of DLF Group, has completed the acquisition of the entire 52% stake of US-based Hines in a premium commercial project in Gurugram for ₹780 crores.
  • Amazon India has signed an MOU with the Directorate General Resettlement to provide jobs to ex-service personnel.
  • RBI has put Rs.1000/- withdrawal cap on Karnataka-based Deccan Urban Co-operative Bank. It has also restricted the disbursement of fresh loans and deposits.

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