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Here’s today business news, the latest business news India today 11 May 2022.
- Sensex closed at 54,364.85 points while NIFTY closed at 16,240.05 points.
- The coal output of India rose by 29% from 51.62 MT in April 2021 to 66.58 MT in April 2022, as per the data by the Ministry of Coal.
- Dr Agrawal’s Health Care has raised funding of Rs 1,050 crores from US-based TPG Growth and Temasek, based in Singapore.
- BharatPe initiated a corporate governance review to improve its reliability among investors. After the review, the company will follow several suggestions including termination of employees and vendors for their misconduct.
- The crude steel production of JSW Steel has increased by 22% from 13.71 lakhs in April 2021 to 16.67 lakhs in April 2022.
- ICICI Bank has partnered with Santander Bank of Britain for facilitating the banking requirements of the corporates operating in both countries.
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- Air India and Boeing may collaborate to maintain 2 VVIP Boeing 777s used for the President, Vice President, and the Prime Minister of India for travel.
- JSW Group and Adani Group to battle for the acquisition of Holcim AGs cement businesses.
- Hero Electric has tied up with ReadyAssist for providing services support and annual maintenance for its B2B customers.
- “Foldable Baby Berths” have been introduced by Indian Railways for facilitating mothers travelling with infants.
- PPS Motors Pvt Ltd has been appointed as the new dealer partners of Audi India in Kerala.
- Sun Pharmaceuticals Industries has informed that US FDA has issued Form 483 to Halol Unit.
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- The government has warned cab aggregators to improve and redress their systems to increase customer complaints. If the situation does not improve, they may face strict action.
- P&G India to dedicate Rs. 500 crores to work with women-owned businesses in the country from 2021 to 2025.
- VKC Nuts has launched the first and only range of pasteurised nuts and dry fruits, Bactopure, under the Natraj brand.
- Numaligarh Refinery Ltd to tie up with NEDFi Venture Capital Ltd with an aim to support startups in the Northeast region by equity funding.
- The electric arm of Ashok Leyland, Switch Mobility, aims to invest Rs 1000 crore in an EV plant in South India.
- 84% growth in the cumulative new business premium has been reported by Life Insurance companies at Rs17,940 crore in April 2022.
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