Business news India: Latest India business news headlines today 2 February 2023

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Here’s today business news, the latest business news India today 2 February 2023

• The tourism sector is reportedly upset over Centre’s decision to cut outlay for promotional activities overseas.
• Centre to Reduce Import Tax on Diamond Raw Materials Used in Lab Growing
• After the budget announcement, phones, TVs, and electric vehicles might become more affordable.
• Money Set Aside For Scrapping Old Government-Owned Vehicles: N Sitharaman

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Latest business news India today 2 February 2023 – business news headlines today

• The government has said that it will expand the scope of DigiLocker, by adding it to the host of public digital infrastructure solutions available to fintech firms which may help in cost reduction for fintech firms.
  
• Adani Enterprises announced on 1 February that its board has decided not to go ahead with the fully subscribed FPO.
  
• Sales of TS Motors have reportedly risen by 3% to 2.75 lakh units in January as compared to 2.66 lakh units in year-ago period.
  
• Britannia reported a 152% rise in consolidated net profit to ₹932.40 crore against a net profit of ₹369.18 crore.
  
• Credit Suisse, a Switzerland-based investment banking company, has reportedly stopped accepting bonds of Adani group as collateral for margin loans to its private banking clients.
  
• Honda Cars India domestic sales reportedly dropped to 7,821 units in January as compared to 10,427 units in the year-ago period.

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Latest business news India today 2 February 2023 – business news India today

• Ashok Leyland’s total vehicle sales, including exports, reportedly rose 23% to 17,200 units in January as compared to 13,939 units in the year-ago period.
  
• The Supreme Court has reportedly asked WhatsApp to publicize through newspaper ads that users are not bound to accept its 2021 privacy policy and that its functionality would not be affected until the next hearing on April 11.
  
• Samsung has reportedly announced that it will sell the Galaxy S23 smartphones in India manufactured at the company’s Noida factory.
  
• Gillette India reported a 5.6% rise in its second-quarter profit.
  
• WhatsApp on Wednesday said it banned 36.77 lakh accounts in India in November, marginally lower than the number of accounts it barred in the preceding month- Business Standard

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