#Week3 11th May to 17th May Business News Summarised – 2020

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Covid-19 Economic Package: NBFCs Get liquidity relief by guarantees of government loans

Government must offer absolute & conditional guarantees on debt securities investments provided under two schemes by non-bank borrowers.

Uday Kotak Bats In Current Fiscal Credit Plan

Kotak Mahindra Bank has obtained board approval for capital raising through the selling of 6.5 crore equity shares, says Uday Kotak.

Aurobindo Pharma, promoters with SEBI Settle Insider Trading Case

After paying Rs 22 crore for penalty dues, Aurobindo Pharma has settled an alleged insider trading case with SEBI

Maruti Suzuki Q4 Results: Profit Rises, Margin Narrows 16 per cent decline in revenue

Maruti Suzuki’s Q4 income fell 28 percent year-on-year to Rs 1,291.7 crore on the basis of revenue down 15 percent to Rs 18,198.7 crore

The broadband user base drops of Reliance Jio for the first time in five months

According to latest TRAI data, Reliance Jio ‘s broadband users dropped by 20,000 over the previous month to 8.4 lakh in January.

Nestle India Q1 Results: Raising profit on lower taxes, growth in sales

Domestic revenue grew by volumes and product mix to Rs 3,124 crore by 10.7 per cent.

Bandhan Bank Q4 Results: Profit Falls On Higher Provisions, Improves Asset Quality

The net income of the lender fell to Rs 517.3 crore at 25.8 per cent year-on-year.

Billionaire Anil Agarwal Investigates India’s Vedanta Buyout

Anil Agarwal is exploring a potential deal to take Indian Giant Vedanta commodities.

Mahindra Holidays Looks for Slowdown and Buy Resorts

Mahindra Holidays is looking to buy distressed assets because opportunities present the worst economic slowdown in recent history.

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