India News Headlines: Latest India Business News 12th September 2020
by TentaranRead Latest India Business News 12th September 2020:
Quote of the Day: “Don’t worry about being successful but work toward being significant and the success will naturally follow.” – Oprah Winfrey
- Oxford vaccine: DCGI orders Serum Institute of India to suspend recruitment
- The DCGI has directed the Serum Institute of India to suspend recruitment for phase 2 and 3 clinical trials of the Oxford COVID-19 vaccine candidate till further orders.
- As part of its ambitious plan to turn debt free over the next 3 years, Tata Motors has initiated the process of selling its stakes in 2 of its units – Tata Technologies and Tata Hitachi Construction Machinery.
- PE firm ADV Partners on Friday sold a 10.46% stake in Amber Enterprises for Rs 604 crores via open market transactions.
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Latest India Business News 12th September 2020
- Tata Sons on 5th September moved an urgent application before the SC to block Shapoorji Pallonji Group promoters from raising funds on Tata Sons shares.
- The DGCA suspended Gurcharan Arora, SpiceJet’s head of flight ops, for 3 months.
- Adani Land Defence Systems and Technologies picked up a 51% stake in small arms manufacturer, PLR Systems in an all-cash transaction.
- Adani Ports & SEZ on Friday said the company raised Rs 900 crores through allotment of NCDs on a private placement basis.
- Motherson Sumi on Friday announced its successful upsizing of its maiden NCD issue to Rs 2130 crores.
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Latest India Business News 12th September 2020
- SEBI has shortlisted Airtel, Wipro, Tata Communications and 5 others to revamp its IT infra and communication systems.
- Analjit Singh, founder of Max Group on Friday sold a 4.6% stake in Max Healthcare for Rs 515 crores to buyers that included Capital Group and Ward Ferry.
- ITI on Thursday said the company is expecting to sign a telecom network contract worth Rs 7,796 crores with the Defence Ministry soon.
- As part of its move to attract global firms that are planning to shift manufacturing out of China, India is preparing to offer incentives to producers of high-efficiency solar photovoltaic (PV) modules and battery storage.
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