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Home » Daily morning major business news headlines (16th September2020)
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Daily morning major business news headlines (16th September2020)

News for today

 

Money Control
  • SpiceJet: The company reported a loss of Rs 600.5 crore in Q1FY21 against a profit of Rs 262.8 crore, revenue fell to Rs 521 crore versus Rs 3002.8 crore YoY.
  • Uflex: Promoter entity Flex International released 2.7 lakh pledged shares.
  • Infosys: US-based Essential Utilities selected Infosys as a strategic partner to drive its digital transformation.
  • REC: The company to infuse Rs 150 crore as equity in a Joint Venture along with Power Finance Corporation, Power Grid Corporation and NTPC, for the purpose of establishment/creation of Common Backend Infrastructure Facility (CBIF) for smart metres in the country.
  • Aurobindo Pharma: Biotechnology Industry Research Assistance Council (BIRAC), set up by the Department of Biotechnology (DBT), Government of India supported Aurobindo’s COVID-19 vaccine development under the National Biopharma Mission.

 

Business standard
  • Infosys: Company is scheduled to meet on October 14 to consider the September quarter 2020 earnings.
  • Three external members of MPC may get a short extension next week.
  • LIC IPO unlikely this fiscal year due to delay in the valuation process.
  • NBCC slips 3% as consolidated profit for the June quarter plunges 88% YoY.
  • CAMS IPO upsized by 50% to facilitate NSE exit, to comprise 18.2 mn shares.

 

Financial Express
  • India received $20 billion in FDI during COVID-19 pandemic: Foreign Secretary Shringla.
  • Max India to buy back shares of up to Rs 92 crore under the capital reduction program.
  • Minda Industries on Tuesday said it has raised over Rs 242 crore by way of a rights issue to existing investors.
  • RBI issues draft Rupee interest rate derivatives.
  • India’s first international exchange growing daily turnover, working on new products | India INX INTERVIEW

 

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