Headlines from Business News Agencies (22/3/23)
• Amplus Solar to invest Rs 1,500-cr in Andhra to set green hydrogen plants.
• Reliance Jio’s 5G expanding fast, services now available in 406 cities
• In a bid to counter rival Jio, Airtel introduces new ‘postpaid family plan’.
• Turkish Airlines looking for cooperation with Air India: Official
• NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne.
• Amul aiming to become a total foods and beverages company: MD Jayen Mehta
• Samsung eyes expansion, planning to make India smartphone manufacturing hub
• Reliance planning hotels, resorts, lodging facility near Statue of Unity.
• India’s improved 1.7% spend on logistics to set stage for $5 trn economy
• Tractor sales growth to halve in FY24, operating margins to improve: CRISIL
• BoB-backed IndiaFirst Life Insurance gets regulatory approval for IPO.
• Govt evaluating measures to bring down tax burden on PE/VCs in India
• India eyes active role in designing global policies on 6G, sitcom
• Rs 8,000-crore Foxconn project receives Karnataka govt’s approval
• Merlin Group to develop a World Trade Centre in Kolkata.
• Zuari FarmHub signs MoU with ICRISAT for agri solutions.
• NTPC arm signs pact with Indian Army for setting up green hydrogen plants.
• Govt not in favour of putting caps on airfares: Rajiv Bansal
• India exploited 29 percent of hydropower potential: Power Minister
• Naxal violence down by 77 per cent: Govt tells LS
• Apple seeks changes in India labor laws in push to diversify beyond China
• Hyundai launches 2023 Verna in India, price starts at Rs 10.89 lakh
• India has great opportunities, says Emirates Airline President Tim Clark
• Noida, Navi Mumbai airports likely to get operational by next year
• India resists UAE’s calls for more air access, wants domestic carriers to fly long haul.
• India’s Finance Ministry to make a case for higher sovereign rating
• Tata Power seeks govt help to recover discom dues
• IT companies stare at 30 bps revenue hit from banking crisis in US
• Ola Electric kicks off $250-300 million fundraise plan
• Hindustan Zinc declares interim dividend of Rs. 26 per share.
• Cadbury Dairy Milk maker to invest ₹4,000 crore in India
• Google suspends Chinese shopping app Pinduoduo amid security concerns.
• Tata Group discusses engaging outgoing TCS CEO Gopinathan beyond Sept 15
• Goldman Sachs sees risk of ‘permanent destruction’ in demand for AT1 bonds
• Microsoft plans to create its own mobile games store like Apple and Google.
• Adani sees financial closure for petchem project in six months.
• Amazon to cut 9,000 jobs in second round of layoffs.
• Apex court clears decks for second RCap auction.
• GMR Airports to merge with parent GMR Infrastructure.
• White Field Investment Fund buys stake in Goyal Aluminiums through bulk deal.
• Boeing says India may require 31,000 pilots in next 20 years
• Accenture buys Flutura to boost industrial AI services
• Barclays, JPMorgan pull deals as angst freezes junk-debt market
