Business news India: Latest India business news headlines today 18 May 2022

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Here’s today business news, the latest business news India today 18 May 2022.

  • Sensex closed with a jump of 1,345 points at 54,318,47 and NIFTY at 16,259.30 points.
  • Adani Green Energy Ltd, Adani Transmission Ltd, and Adani Enterprises Ltd have received $ 2 billion from International Holding Company PJSC, an Abu-Dhabi-based investment company.
  • In the “State of the Economy” report by RBI, $596 billion of forex reserves, on May 06, 2022, was equivalent to 10 months of projected imports for FY23.
  • A retail store development company, 91 square feet, has reported that a third of retail stores have opted for Internet of Things solutions, helping retailers for seamless integration of technologies.

latest business news india today 18 may 2022

  • India to roll out 6G spectrum by end of this decade, announced by PM Modi.
  • The shareholders of Maruti Suzuki India have approved the appointment of Hisashi Takeuchi as the CEO and the Managing Director.
  • Around Rs. 100 crore has been raised by Bhumika Group between debt and two Lease Rental Discounting Transactions and might raise Rs 200 crore debt for funding the construction of Udaipur mall.

Must Read:18 May in Indian history

Latest business news India today 18 May 2022 – business news headlines today

Today business news – business today – latest business news

  • LIC shares slipped to Rs. 875.25 after its record-breaking IPO. The IPO price of the shares was Rs. 949.
  • Greenko Group to set up the largest renewable energy storage plant of 5,230 MW in the world in Kurnool, Andhra Pradesh.
  • HDFC Ltd, a mortgage lender, has launched “Spot Offer ” on WhatsApp for providing in-home loan approval to buyers in 2 minutes.
  • Green Infra Wind Energy Ltd has signed an agreement for the supply of 33MW of electricity from renewable resources to the manufacturing plant of Saint- Gobain for 25 years in Sriperumbudur, Perundurai and Tiruvallur in Tamil Nadu.
  • BDR Pharma has raised Rs 685 crore from various investors led by a private firm, Multiples, for a stake of 9.3%.

Must Read:News Headlines of India today 18 May 2022

Latest business news India today 18 May 2022 – business news India today

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  • Goldman Sach aims to invest Rs 2700 crores in PharmEasy in the form of a structured debt transaction with an interest rate of 14-15%.
  • The net profits of Indian Oil Corporation Ltd has been reduced by 31% from Rs 8781.3 crore a year ago to Rs 6021.8 crore in the fourth quarter of 2021-22 due to fixed prices of fuel.
  • A net $20.1 billion has been sold by RBI in the spot foreign exchange market for supporting the Rupee against US dollars in the month of March.
  • Inflation based on WPI has jumped to 15.1% in April 2022 due to soaring prices of commodity, food and fuel.

Upcoming IPOs:

  • eMudhr – 20th May – 24th May
  • Paradeep Phostates – 17th May – 19th May
  • Ethos – 18th May – 20th May

Must Read:18 May 2022 ke Mukhya Samachar

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