Latest 9 business breaking news

1. Names of 20 soldiers killed in Galvan Valley at National War Memorial: News

According to reports, on June 15, the names of 20 soldiers of the Indian Army martyred in a violent clash with the Chinese Army in the Galvan Valley will be recorded at the National War Memorial in Delhi, as the process may take a few months. Colonel B Santosh Babu, commanding officer of 16 Bihar Regiment, was also martyred in this clash.

2. Hand sanitizer ki Bakri our Bhandara ke liye ab license ki jarurat Nahin Hai: Sarkar

The Ministry of Health has terminated the license requirement for sale and storage of hand sanitizer in the wake of the Covid-19 epidemic. The official notification states that it is satisfied that the hand sanitizer is necessary to meet the emergency needs due to the Kovid-19 epidemic and its easy availability is in the public interest.

3. Wikipedia on an appeal from Indian users to donate ₹ 150

 Wikipedia is showing a message requesting Indian users to donate at least ₹ 150. According to Wikipedia, this money can help the website run for years and or the appeal may look strange but please do not ignore it. However, Wikipedia is excitable and its content is managed by a group of volunteers.

4. Yes Bank captures Reliance Group headquarters for non-payment of ₹ 2900 crore

 Yes Bank has taken over Anil Ambani’s Reliance Group headquarters ‘Reliance Center’ at Reliance Group due to non-payment of the outstanding debt of around ₹ 2900 crore by Reliance Infrastructure. Apart from this, the bank has also taken possession of the 2nd floor of ‘Nagin Mahal’ in South Mumbai.

5. Bharti Airtel’s net loss increased by 456% in the first quarter to ₹ 15933 crore Telecom company

Bharti Airtel has reported that its net loss increased by 456% to 15933 crores in the first quarter (April-June 2020) of the current financial year. ₹ 2866 crore in the same period of the previous financial year. It is worth noting that the company has made a provision of ₹ 10744.4 crores for the outstanding adjust gross revenue (AGR) during this quarter.

6. Maruti Suzuki’s quarterly loss for the first time in nearly 15 years

India’s largest car company Maruti Suzuki on Wednesday announced a quarterly loss for the first time in nearly 15 years, saying its production and sales were completely affected by the lockdown. He incurred a net loss of ₹ 249 crores during the April-June quarter as compared to ₹ 1436 crore in the same period last year.

7. SpiceJet incurred a net loss of ₹ 807 crores in the fourth quarter of 2019-20

Private aviation company SpiceJet incurred a net loss of ₹ 807 crores in the fourth quarter (January-March 2020) of FY 2019-20 as against a profit of 56.3 crores in the same period of 1 year ago. At the same time, SpiceJet incurred a net loss of ₹ 934.8 crores in FY 2019 which was ₹ 316 crore in FY 2018-19.

8. Jet Airways deficit widened to ₹ 5536 crores in 2018-19

Jet Airways’ loss undergoing bankruptcy resolution process increased to ₹ 5535.75 crores in FY 2018-19. In 2018-19, the total revenue of the airline decreased to ₹ 23314.11 crores from 1 year ago as compared to ₹ 23958.37 crores in the previous year. Jet Airways vehicle flights have been closed since April last year.

9. Yes Bank’s net profit down 60% in the first quarter to ₹ 45 crore

Yes Bank has reported that its net profit in the first quarter (April-June 2020) of 2020-21 declined by 60% to ₹ 45 while in the June 2019 quarter it had a net profit of ₹ 113.76 crores whereas in the June 2020 quarter The bank’s total earnings declined by 32.8% to ₹ 6106.74 crore as against ₹ 9088.80 crores in the year-ago period.

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