Business news India: Latest India business news headlines today 17 January 2022

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Here’s today business news, the latest business news India today 17 January 2022.

  • The Appellate Authority for Advance Ruling has notified that the allocation of salaries to the head office employee to a branch and its recovery from there, will be subject to GST.
  • Tata Motors plans to produce 50,000 electric vehicles in the next fiscal year and scale it up to 125,000-150,000 units annually in upcoming years.
  • The merger of Punjab & Maharashtra Cooperative Bank with Unity Small Finance Bank is under examination and is subject to government approval.

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  • India1 Payments Ltd aims to deploy around 20,000 ATMs in the next 4-5 years for ensuring cash availability to customers in rural and semi-urban areas.

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Latest business news India today 17 January 2022 – business news headlines today

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  • According to the latest data by SIAM, the exports of passenger vehicles from India have increased by 46% in the first nine months of the current FY with Maruti Suzuki leading the segment.
  • Oil India has divested its stake in Niobrara Shale Asset in the US by selling its 20% stake to its venture partner for $25 million.
  • As per the data of the Commerce Ministry, the import of gold in India has increased from USD 16.78 billion in April-December 2020 to USD 38 billion in the same time period in the current FY due to increased demand.

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Latest business news India today 17 January 2022 – business news India today

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  • Indian Oil Corp is accorded with city gas licenses for 9 out of 15 high potential geographical areas and it plans to invest Rs7,000 crore in the development of infrastructure in these areas.
  • Out of the 10 most valued firms, eight of them added a whopping amount of Rs 2,34,161.58 crore in the market valuation with RIL, TCS, and Infosys emerging as the gainers.
  • Metro Brands Ltd, a retail chain of footwear, had reported a 54.63% increase in its consolidated net profit to Rs 100.85 crore in the third quarter ending in December 2021 from Rs 65.22 crore in the previous FY.

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