Business news India: Latest India business news headlines today 1 May 2021
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Here’s today business news, the latest business news India today 1 May 2021.
- Due to the rising number of Covid-19 cases, United States will restrict travel from India starting next week.
- Facebook is said to be partnering with the Central government to roll out a vaccine finder tool on its mobile app in India.
- Byju’s is said to be in discussions to raise another $150 million from UBS Group AG at a valuation of $16-17 billion.
- TCS has appointed Samir Seksaria as CFO effective from 1 May.
- Shareholders of Motherson Sumi Systems are said to have approved the proposed restructuring plan.
- Ford Motor is considering deciding upon capital allocation plans for India in the second half of 2021.
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Latest business news India today 1 May 2021 – business news headlines today
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- RIL is said to have almost doubled its March quarter consolidated net profit (y-o-y basis) to ₹14,995 crores.
- Yes Bank reported a loss of Rs.3,788 crores at the end of the March quarter for fy 2020-21.
- Reliance Jio reported a consolidated net profit of Rs.3508 crores for the quarter ended March .
- IndusInd Bank reported a net profit of Rs.875.9 crore for the March quarter .
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- Sebi has extended the deadline for listed Indian firms to announce their financial results due to surging covid-19 cases.
- As per a statement by the ministry of chemicals and fertilizers, India will get a shipment of 450,000 vials of remdesivir from US-based Gilead Sciences Inc, and its Egypt-based affiliate Eva Pharma till July in many tranches.
- HSBC India announced financial support of $10 million to support India’s fight against covid-19.
- ITC Group is said to be is extending support in setting up a 200-300 bed medical facility in Kolkata.
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