Business news India: Latest India business news headlines today 1 March 2021

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Here’s today business news, the latest business news India today 1 March 2021.

  • Inflection Point Ventures (IPV), comprising around 4000 investors,  is looking to double its investment to USD 20 million in start-ups in India this year. To date, IPV has announced 55 deals including Milkbasket, Truly Madly, Blusmart, Otipy by Crofarm, and Multibhashi.
  • Reliance Industries has more than doubled its stake in US-based SkyTran Inc., a venture-funded tech firm developing pod car transport systems. RIL had first invested in SkyTran in October 2018 by acquiring a 12.7% stake.

latest business news india today 1 march 2021

  • Kiran Mazumdar Shaw, reacting to a report that the health ministry has fixed Rs.250 per shot at private hospitals, tweeted “We r crushing instead of incentivising vaccine industry”.
  • Paytm is said to have exceeded 1 billion in monthly transactions for the second successive month in February across UPI, wallet, cards, and net-banking payment.
  • Cube Highways, one of India’s largest toll road operators of the private sector, is said to be looking to sell around 25% stake and is exploring infrastructure investment trust (InvIT).

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Latest business news India today 1 March 2021 – business news headlines today

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  • IKEA is looking to scale up sourcing of toys from India. It currently has a range of over 1,000 products in toys.
  • Total dues owed by electricity distribution companies to power producers rose nearly 24% to Rs.1,36,966 crores in December 2020 compared to December 2019.
  • Adani Green Energy and Adani Transmission have announced the release of pledge on equity shares by their promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust.
  • Adani Green Energi is said to be in advance discussions to acquire Hero Future Energies solar project located in Jodhpur.
  • To increase trade at Chabahar port in Iran, Jawaharlal Nehru Port and Deendayal Port are offering discounts on the vessel and cargo charges.
  • SBI is said to be looking to enter the aircraft leasing business in India.

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Latest business news India today 1 March 2021 – business news India today

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  • Vatika Group sold multiple land parcels worth around Rs.450 crores to repay debt. The firm has repaid Rs.1100 crores to various lenders.
  • Birla Precision Technologies is ramping up its capacity to tap emerging opportunities.
  • CBDT Chairman Pramod Chandra Mody has been given a further extension of three months.
  • NeoGrowth Credit, an SME lender, has launched diGibizz, an end-to-end platform to help small businesses.
  • Private health insurers are offering 80-100% discounts on renewal premiums along with other rewards and benefits.
  • Chief Economic Advisor K V Subramanian has backed a proposal to bring petroleum products under GST saying it will be a good move but the decision rests with the GST council.

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