Business news India: Latest India business news headlines today 19 May 2022

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Here’s today business news, the latest business news India today 19 May 2022.

  • Indigo’s current CEO Ronojoy Dutta will retire on 30th September 2022. KLM Royal Dutch Airlines CEO Pieter Elbers will be the next CEO of Indigo. The airlines will expand to international travel during the next reign.
  • Future Enterprises Ltd has defaulted on interest payment of Rs 1.06 crore for the non-convertible debentures as the due date was May 17, 2022.
  • Shriram Life Insurance aims for a 30% growth in the gross premium for the current FY by reaching out to prospective consumers and the rural markets.

latest business news india today 19 may 2022

  • The Board of Director of Ruchi Soya Foods have decided to change the name of the company to Patanjali Foods Limited. The Board will also acquire Patanjali Ayurved Limited’s food retail business for Rs. 690 crores.
  • Ujjivan Small Finance Bank to increase its secured loan book to 50% of the total assets over the upcoming years for charting out a balanced growth path.
  • IDBI Bank has divested its stake of 19% in ARCIL to Avenue India Resurgence Pte for an undisclosed amount.

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Latest business news India today 19 May 2022 – business news headlines today

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  • Maheswaran Shamugasundaram has been appointed the first country manager of Varonis Systems Inc. The company aims to deliver data-first solutions to companies in India.
  • Triveni Turbine aims for a record opening order book of Rs 970 crore for FY 23 due to its expansion in the overseas markets.
  • As per the report by IVCA and EY, a decline in bets on startups has led to a 27% fall in investments by private equity and venture capital funds in April 2022 at USD 5.5 billion in comparison to USD 5 billion in March 2022.
  • Ruchi Soya Industries Limited changed its name to Patanjali Foods Limited and would soon take over the retail Patanjali Ayurved Ltd business.

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  • Hyundai may phase out new Santro model soon in the Indian market.
  • As per the sources, Vedanta-Foxconn is in talks with the government of Karnataka for setting up a semiconductor chip manufacturing unit in the state.
  • Magenta ChargeGrid has partnered with Ather Energy for the installation of charging stations, to be managed under the ChargeGrid platform.
  • Vinayak Pai has been appointed as the CEO and MD of Tata Projects Ltd.
  • A 100% subsidiary, Adani Health Ventures, has been set up by Adani Enterprises for running the medical and diagnostic laboratories, research centers, and healthcare-related activities across India.

Must Read:19 May 2022 News Headlines for School Assembly in Hindi

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