Here’s today business news, the latest business news India today 16 august 2022
- “Bima Manthan 2022” hackathon has been organized by IRDAI with the theme “Innovation in Insurance” and has invited entities for the development of technology-driven solutions for making insurance available to everyone.
- Mahindra & Mahindra is in talks with Volkswagen Group of Europe for leading the space of electrification in India and to take it to a global level.
- Ola Electrics has announced the production of electric cars in the country by 2024 with a range of up to 500 km.
- BPCL to invest Rs 1.4 lakh crores in the upcoming years in petrochemicals, city gas, and clean energy for the growth of the business.
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- Indian Oil Corp is to sell seven of the hydrogen generation units at its refineries under the asset monetization plan of the government.
- Arvind SmartSpaces has signed an agreement with HDFC Capital Advisors for setting up a platform worth Rs 900 crores for undertaking residential developments.
- As per the sources, Life Insurance Corporation is to re-enter the mediclaim segment with guaranteed health products.
- The electric vehicle startup of Faraday Future Intelligent Electric Inc to raise $600 million funds to deliver the FF 91 Luxury car.
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- Two Electric brands- XUV and BE have been unveiled by Mahindra & Mahindra and will be rolled out from December 2024.
- The proposal of Endeavour Investments to acquire Ambuja Cements and ACC has been approved by the anti-trust regulator CCI.
- NMDC Ltd aims for achieving the production of 46 million tonnes of iron ores in the current FY of which the 42.19 million tonnes target has already been achieved.
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