Business news India: Latest India business news headlines today 13 November 2021

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Here’s today business news, the latest business news India today 13 November 2021.

  •  A venture capital firm by Sequoia Capital, A91 Partners, is reported to have raised $550 million at the closing of its second fund.
  • Bharat Forge, an auto-components and a defense major, has reported consolidated profit worth Rs 270 crores for the September quarter of 2021.
  • As per reports, IDFC First Bank has leased Citibank India’s erstwhile HQ of Mumbai’s Bandra Kurla Complex for nine years-term from the Mindspace Business Parks REIT.

latest business news india today 13 november

  • ONGC has reported a 565.3% increase in its net profit on a year-on-year basis after beating the estimates of Rs 6422 crore and soaring to Rs 18347 crore.
  • Rbi has imposed restrictions on Laxmi Cooperative Bank Ltd in Solapur that includes a Rs 1000 cap on customer withdrawals due to deterioration in its financial position.
  • Asset Reconstruction Company of India Ltd, as per reports has acquired 26% equity in an unlisted subsidiary of Jayaswal Neco Group, NSSL Pvt Ltd, to revive the distressed company.

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  • Hero MotoCorp, India’s largest two-wheeler maker, has reported a 16.7% net loss for the month ending on Sept 30, 2021, to Rs 794.40 crore from Rs 953.45 crore profit in last FY.
  • Nandita Sinha has been appointed as the new Chief Executive Officer of Myntra in effect from January 01, 2022.
  • Johnson & Johnson, a US pharmaceutical giant, has announced its plan two split into two entities separating the pharmaceutical division from the consumer arm selling band-aids.
  • MobiKwik has partnered with NPCI and Axis Bank to launch MobiKwik Rupay Card across 190 countries.  The card will be free of charge to the customers and purely digital.

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  • Tata Consumer Products Limited has signed an agreement to acquire a 100% stake in Tata SmartFoodz Limited for  Rs 395 crore from Tata Industries Limited to expand into value-added categories.
  • Ashu Suyash has been appointed as the Independent Director to the board of Hindustan Unilever Limited.
  • Reliance Retail Ventures Limited, a retail arm of Reliance Industries, has acquired retail lingerie business under “Amante” from Sri Lanka- based MAS Holdings for an undisclosed amount.

Must Read:Aaj ka panchang 13 November

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