News Headlines from Business News Agencies (16/3/23)

• CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL.

• LIC sells 2% stake in NMDC between Dec and Mar, gets over Rs 700 crore.

• Garment producers demand Rs 200 cr dues from Future Group.

• Vedanta repays $100 million to Standard Chartered Bank via encumbrance.

• Urban Ladder to double its retail store presence in India by March 2024.

• Hero Electric to roll out 1 million vehicles per year for next 2-3 years.

• Suzuki Motorcycle ties up with Standard Chartered to give funds to dealers.

• Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank.

• India’s edible oil imports up 12% to 1.098 million tonnes in February.

• Indian exports dip for third consecutive month by 8.8% to $33.88 bn in Feb

• Oil prices recoup losses after OPEC upgrades China demand outlook.

• Biyani withdraws resignation from post of exec chairman, director of FRL

• Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years

• Mindspace raises Rs 550 cr through green bond to finance projects

• A four-member GST appellate tribunal likely in each state to streamline dispute resolution

• Global CEOs see India as a bright spot, leader in 5G rollout

• IIM-Ahmedabad launches new unified portal for online learning programmes.

• Kremlin: Relations with U.S. in dire state amid drone incident

• Indian Railways plans ‘Make in India’ wheels for trains.

• Google workers stage walkout at Zurich office as job cuts hit Europe.

• Reliance Jio launches 5G services in 34 cities taking total to 365

• Delhi government’s old excise policy gets six-month extension.

• AWS India to contest tax demand on cloud income.

• Bar Council of India allows entry of foreign lawyers and law firms in India.

• Samsung Electronics to invest $230 billion by 2042 in South Korea chipmaking base.

• Credit Suisse to borrow up to $54 billion from Swiss National Bank

• ADIA signs $500 million cheque for 10% stake in Lenskart at $4.2 billion valuation

• Vedanta looks to raise up to $1 billion from credit funds

• Federal Bank to consider fund raising up to ₹1,000 crore through Tier 2 bonds.

• Jubilant FoodWorks set to expand Popeyes brand in India.

• Sun TV Network declares interim dividend.

• BlackRock’s Fink says SVB failure shows cracks in finance system.

• Prozo opens 23,000 sq ft multi-channel fulfillment centre in Lucknow.

• India’s solar open access installations up 92%, with 2.5 GW added in 2022: Report

• Gynoveda raises $10M in Series A funding led by India Alternatives Fund.

• India’s trade deficit narrows to $17.43 bn in Feb.

• Go Digit Insurance launches three new health plans.

• Nazara Tech gets unrestricted access to ₹64 crore held at Silicon Valley Bank

• HSBC cuts base pay for some bankers by 25% before UK reform.

• US Senate confirms Eric Garcetti as envoy to India

• Cognizant paid $3.8 million in severance payments to ex-CEO

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)