Business news India: Latest India business news headlines today 1 April 2022
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Here’s today business news, the latest business news India today 1 April 2022.
- The salaries of pilots of Indigo have been increased by eight percent because of the continuous steady flight operations.
- SJVN Green Energy Ltd is a newly set up subsidiary of SJVN for the execution of Renewable projects such as solar parks, wind, and hybrid projects, battery energy storage systems, etc.
- A greenfield manufacturing plant for medical devices has been set up by Wipro GE Healthcare in Bengaluru under the PLI scheme of the government.
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- According to a report by Indian Direct Selling Association, the direct selling industry grew by 7.7% from Rs 16,776 crore in FY20 to Rs 18,067 crore in 2020-22 due to the adoption of new technologies, Innovation and customer driven adjustments.
- A stake of 5% has been reduced by Canara Bank in India Debt Resolution Company Ltd.
- Around Rs 3800 crore has been paid by the Unity Small Finance Bank to 8.5 lakh depositors of Punjab and Maharashtra Co-operative Bank.
- An Agri-input platform, AgroStar, has acquired one of the leading fruits and vegetable crops exporters, INI Farms Pvt Ltd for an undisclosed amount.
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- Rusabl, a sustainable personal care brand acquired by an E-commerce aggregator Evenflow, has seen a threefold jump in its sales within the first quarter of acquisition.
- An investment of about Rs. 6,000 crore has been announced by Exide Industries in the manufacturing unit of state-of-the-art lithium-ion cell in Karnataka.
- The output of India’s core sector in the last few months grew at a fast pace of 5.8% in February as compared to 4% in January.
- The GOI aims to raise Rs 8.45 lakh crore via borrowings to fund the revenue gap during the first half of the current FY for reviving the economy.
- GAIL Ltd has announced Rs 1083 buyback plan of shares for 5.7 crore scrips at Rs. 190 each with a premium of around 24%.
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