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The South Indian Post Business News

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    Maruti Suzuki in alliance with HDFC Bank for consumer finance schemes for new car buyers

    Maruti Suzuki India Ltd has joined hands with HDFC Bank to offer a bouquet of flexible finance schemes for new car buyers. "We are confident that our collaboration with HDFC Bank for providing retail financing solutions will benefit our customers. This is an advantage to buyers who may face resource crunch amid the COVID-19 lockdown," said Shashank...

    • a week ago
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    Zomato lays off over 600 employees, up to 50% pay cut for rest

    Food delivery major Zomato has on Friday announced that it will lay off around 13 per cent of its employees besides a 50 per cent cut in pay across its workforce for six months starting June. In an internal note circulated by Founder & CEO of Zomato this morning, Deepinder Goyal said that the coronavirus pandemic had severely affected the company's business in the last two...

    • 3 weeks ago
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    COVID-19 lockdown: IndiGo reinstates pay cut for senior employees from May

    IndiGo will be cutting the salaries of senior employees from May onwards and implement a limited, graded leave without pay program for the months of May, June and July. India has been under lockdown since March 25 to curb the coronavirus pandemic. As a result, the aviation industry is in a complete lockdown with bookings being cancelled until any further orders, and...

    • 4 weeks ago
  • Business

    COVID-19vlockdown: IndiGo reinstates pay cut for senior employees from May

    IndiGo will be cutting the salaries of senior employees from May onwards and implement a limited, graded leave without pay program for the months of May, June and July. India has been under lockdown since March 25 to curb the coronavirus pandemic. As a result, the aviation industry is in a complete lockdown with bookings being cancelled until any further orders, and...

    • 4 weeks ago
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    India woos Chinese-based US companies to set shop in the country

    The PM's Office is firming up plans along with Niti Aayog and the Department for Promotion of Industry and Internal Trade to offer incentives in order to attract companies looking to shift manufacturing units out of China. With US President Donald Trump's rhetoric against Beijing over coronavirus outbreak worsening global trade ties, India has started luring US companies...

    • 4 weeks ago
  • Business

    TikTok raises Rs 30 crore for PM-Cares Fund through in-app quiz

    Chinese video-sharing social networking service TikTok has facilitated donations to the PM CARES Fund with an in-app quiz called 'Kheloge Aap, Jeetega India' organised to bring the user community together and build awareness around the spread of coronavirus. The app empowers users by encouraging them to take part in the quiz and answer COVID-19 related questions, with a...

    • a month ago
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    Facebook to invest Rs 43,574 crore in Reliance Jio

    Facebook is planning to invest Rs 43,574 crore in Reliance Jio for a 9.9per cent stake, the telecom unit of Reliance Industries Ltd (RIL), the company said in a BSE filing. This investment will value Reliance Jio at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook's investment will translate into a 9.99 per cent...

    • a month ago
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    India amends FDI policy to block Chinese takeover of Indian corporates

    Days after a Chinese bank picked up shares of HDFC, India's second-largest private bank, at rock bottom rates, the government of India has imposed blanket ban on investments through the automatic route by entities from countries that share border with India. The key change, which experts feel will have geopolitical and economic ramifications, was effected through an...

    • 2 months ago
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    RBI to ensure adequate liquidity in system to ease financial stress caused by COVID-19

    The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. He also said that this is not the last of the announcements on financial support during the crisis, the central bank will come up with responses in the future in the...

    • 2 months ago
  • Business

    Flipkart, ICICI Lombard ,Go Digit General Insurance to offer COVID-19 focused health insurance

    Flipkart, India's homegrown e-commerce marketplace, in partnership with India's two leading insurers - ICICI Lombard and Go Digit General Insurance has launched health insurance policies on its platform that distinctly cover COVID-19. Enabling health cover for consumers combating the global pandemic, the two health insurance policies come...

    • 2 months ago

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