Business news India: Latest India business news headlines today 18 January 2022
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Here’s today business news, the latest business news India today 18 January 2022.
- ZingHr has raised funds worth $10 million from Tata Capital Funds, thus, giving a 33% stake of the company to TCF.
- upGrad has reported a consolidated net loss of Rs 211 crore in FY 2021 as compared to Rs 78 crore in FY 2020 due to the doubling of its expenses on advertisement and promotion.
- Shriram Transport Finance Company has entered into a partnership with Skill India for training 1,000 drivers to ensure accident-free and seamless transportation of oxygen tankers.
- Capacit’e Infraprojects Ltd has received a work order worth Rs 231 crore from Raymond Realty in Mumbai for civil and shell works for premium projects.
- Tech Mahindra has acquired a 100% stake in Europe-based Com tec Co IT for Rs 2628 crore and a 25% stake in SWFT and Surance IT platforms for 20 million euros.
- NTPC aims to raise around $750 million through external commercial borrowings in form of the term loan to be utilised for capital expenditure for new capacity addition programmes.
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Latest business news India today 18 January 2022 – business news headlines today
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- Indian Hotels Company has announced the opening of an IHCL SeleQtions hotel, Raajkutir, in Kolkata, embodied with the spirit of the Bengal Renaissance.
- HFCL Ltd has reported a consolidated net profit of Rs 81 crore in the December quarter, which declined by 5% from Rs 85.11 crore in the same quarter last year.
- Vishwaraj Surag Industries Ltd to invest Rs 250 crore for setting up a new greenfield ethanol production facility in Karnataka.
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Latest business news India today 18 January 2022 – business news India today
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- Mahindra’s Truck and Bus Division has announced the launch of the “Get More Mileage or Give Truck Back” guarantee for its range of BS-VI trucks.
- State Bank of India has withdrawn its special support scheme of offering Rs 20,000 to the employees infected by Covid-19.
- UPL Corporation has raised a $700 million sustainability loan from global banks to repay the debt it has raised to finance the acquisition of Arysta Life Sciences in 2019.
- UltraTech Cement has announced Rs 965 crore capital expenditure for its modernization along with a doubling of its production capacity for Birla White.
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