Here’s today business news, the latest business news India today 19 January 2022.
- Honda Motorcycle and Scooter India have notified that its 125cc bike Shine has hit cumulative sales of one crore units.
- Prestige Estates had recorded the highest collections of Rs 5005.4 crore and quarterly sales of Rs 4267.6 crore in the third quarter of the current FY.
- Allianz Group leased 4.63 lakh sq ft in Embassy Taurus TechZone in the largest single office lease transaction in India in the current year.
- Reliance Retail Ventures Ltd has acquired a stake of 54% in a robotics start-up Addverb Technologies for USD 132 million.
- As per the ICRA ratings, the new restrictions and curtailment of mobility under the third wave of covid will shave off around 8% of the revenue of the fashion retailers in FY 2022.
- Renaissance Global, a branded jewellery maker, has inked a licensing agreement with the National Football League of the United States for designing a unique branded jewellery collection using NFL technologies.
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- EaseMyTrip has partnered with the regional airline Flybig for selling the latter’s ticket exclusively on its platform.
- Piyush Arora has been named as the Managing Director by Skoda Auto Volkswagen.
- Tata Motors has announced to increase the prices of its passenger vehicles by 0.9% w.e.f., January 19, 2022, to partially offset the impact of the rise in its cost.
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- India Post Payment Bank has become the third-largest entity after Paytm and Airtel Payment Bank to cross the 5-crore customer mark.
- IndusInd Bank has sold around Rs 4,050 crore of distressed loans to asset reconstruction companies in the last three quarters for clearing its books.
- Dixon Tech has entered into an equal joint venture with the makers of the Boat brand, Imagine Marketing, to undertake manufacturing and designing of wireless audio solutions in India.
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