Business news India: Latest India business news headlines today 14 June 2021

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Here’s today business news, the latest business news India today 14 June 2021.

  • Abu Dhabi sovereign fund ADQ is said to be in talks to invest around $500 million in Flipkart.
  • The government is reported to be planning to bring in a clutch of anchor investors for investing up to Rs.25,000 crores in LIC in its planned mega IPO.
  • Irdai is said to be looking for an agency to manage its multi-media grievance redressal centre for addressing public complaints against insurance companies.

latest business news india today 14 june 2021

  • As per a published news report, “Data shared exclusively with ET by industry tracker STR shows around 270 branded hotels have temporarily closed in India due to the second wave of Covid-19 while eight hotels of branded chains have shut down permanently.
  • Owned by Vedant Fashions, Manyavar, Ethnic wear brand, is said to have started work on a proposed IPO to raise Rs.2,000-2,500 crores.
  • CG Power and Industrial Solutions is reported to have planned Rs.135 crores capital expenditure during the current FY to be utilised to improve production at its manufacturing facilities.

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Latest business news India today 14 June 2021 – business news headlines today

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  • Sun Pharma is reported to have stated that the firm has no immediate plans to enter into vaccine production as this would require a completely different manufacturing set-up.
  • ZEE5 is said to have entered into a content partnership with The Viral Fever to bring some popular youth-focussed content on its platform.
  • Reliance Power is said to be planning to raise Rs.1325 crores from its promoters to reduce debt.
  • As per the new IT rules, social media giants like Facebook, Twitter, Instagram will need to appoint statutory offices on the global headquarters and not on Indian subsidiary’s rolls.

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Latest business news India today 14 June 2021 – business news India today

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  • PFRDA is said to be in talks with the government for an overhaul of National Pension System including launching systematic withdrawal plans, changes to the tax regime, etc.
  • Info Edge India is reported to have acquired Zwayam Digital, a recruitment management Saas platform, for Rs.61 crores.
  • GST Council waived tax rates on Amphotericin, black fungus drug and reduced rates on various other Covid-related essential items like drugs, ventilators, testing kits and others. However, it will continue with 5% GST rate for Covid vaccines.

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