Business news India: Latest India business news headlines today 12 August 2022

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Here’s today business news, the latest business news India today 12 August 2022

  • Sales worth Rs 3,012 crores have been registered by Prestige Estates for the quarter ending in June 2022 by sales of 3.63 million sq ft of volume.
  • The Adani Group to foray into the business of aluminum and iron ores with investments of Rs 57,575 crores in Odisha.

latest business news India today 12 august 2022

  • The Noida Toll Bridge Co. Ltd has sought Rs 100 crores for repairing the crucial links between Noida and Delhi.
  • Citicorp Services India has signed an agreement for the renewal of its lease of over 160,000 sq. ft. of office space in Nirlon Knowledge Park, Mumbai.

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  • Greenko Group and Hindalco Industries have signed an agreement for setting up the green project in Odisha with 375MW-400MW capacity.
  • Switch Mobility has partnered with Chalo, an app-based public transport operator, for supplying around 5000 electric buses in upcoming years.
  • The prices of lump ores have been increased by NDMC by Rs 200 a tonne along with Rs 100 per tonne increase in fine with respective rates being Rs 4100/tonne and Rs 2910/tonne.
  • Eicher Motors has reported a doubling of its net profit from Rs 237 crores in the last fiscal year to Rs 611 crores for the quarter ending in June.

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  • Simbhaoli Sugar has been dragged by the State Bank of India for bankruptcy over a loan worth Rs 395 crores.
  • A credit facility worth $125 million has been signed by Airtel Africa with US banking major, Citi, for backing investments in four units.
  • Quarter sales worth Rs 513 crores have been reported by Puravankara from ongoing projects along with the total area sold standing at 0.69 mm sq ft.

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