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