Business news India: Latest India business news headlines today 16 April 2021

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Here’s today business news, the latest business news India today 16 April 2021.

  • SoftBank Vision Fund 2 is reportedly in talks to invest around $450 million in Swiggy. If goes through, this will be the first direct investment of SoftBank Group in the Indian food-tech sector.
  • FuelBuddy, an online fuel delivery startup, has raised Rs.12.5 crores in funding from the Jaipuria Family Office and Rishi Kajaria.

latest business news india today 16 april 2021

  • Amazon is said to have introduced a $250 million Smbhav Venture Fund, focusing on digitization of small businesses, agri-tech innovations, and health tech.
  • The government-appointed board of IL&FS is reportedly expecting to resolve around 60% of the firm’s outstanding dues of around ₹1 trillion by the end of this fy.
  • Citigroup has reportedly said that it will exit its retail banking business in India and 12 other countries, to deploy in places offering better returns and growth.
  • CSC has tied up with Tata Power to set up solar-powered microgrids and water pumps in rural areas across India.

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Latest business news India today 16 April 2021 – business news headlines today

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  • BPCL will supply around 1.5 tonnes per day of oxygen to government hospitals in Kerala from its Kochi Refinery.
  • Ashok Leyland said that along with Hinduja Leyland Finance it has created a new entity to take care of the freight mobility business.
  • Godrej Appliances is said to have announced to invest Rs.100 crores in two of its manufacturing facilities to expand its ac production capacity.
  • Facebook is said to have signed a deal to buy renewable energy in India from CleanMax, which will own and operate the projects, while Facebook will buy the power off the grid.

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Latest business news India today 16 April 2021 – business news India today

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  • Tata Consumer Products announced the elevation of Puneet Das as president for its packaged beverages business in India and South Asia.
  • Instagram is said to be launching a small global test where users can choose whether to hide like counts on their own posts or other people’s posts.
  • National Internet Exchange of India announced three new initiatives aimed at raising awareness of the IPv6 protocol in India.
  • The Board of Bharti Airtel is said to have approved the amalgamation of Nettle Infrastructure Investments, Airtel Digital, and Telesonic Networks with and into the parent company.

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