Business news India: Latest India business news headlines today 2 July 2022
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Here’s today business news, the latest business news India today 2 July 2022
- Gross GST collection for the month of June 2022 is Rs. 1.44 lakh crores.
- Deutsche Bahn, a Germany-based company, has won the bid to operate and maintain Delhi-Ghaziabad-Meerut rapid rail transit corridor for 12 years.
- 43 startups and MSMEs have been approved by the Department of Telecommunications with a Rs 50 crores grant to develop 5G equipment and technologies.
- Finance Minister Nirmala Sitharaman has announced that taxes levied on crude, diesel, and ATF will be reviewed every fortnight.
- A lifestyle brand, Bewkoof, has recorded Rs 250 crores profit, an expansion of 30% in its sales, during the year ending on March 2022 due to an increased number of categories and reach.
- An agreement has been signed between the Airport Authority of India and the government of Uttar Pradesh for the management of airports in Aligarh, Azamgarh, Chitrakoot, Muirpur, and Shravasti for 30 years.
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- The basic import duty on gold has been increased to 12.5% from 7.5%.
- Maruti Suzuki has launched new-gen Brezza at the price of Rs. 7.99 lakhs and Rs. 13.96 lakhs.
- The power consumption of India has grown to 134.13 billion units in June 2022 to due severe heat and an increase in economic activities.
- The GST collection in India rose by 56% to Rs 1.45 lakh crores in June 2022 due to the latest changes in rates and tightening of norms.
- A windfall tax of Rs 66,000 crores has been imposed by the GoI on the local production of crude oil as some refineries made “phenomenal profits”.
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- Hindustan Unilever CEO and MD will be appointed as the President Commissioner of Unilever Indonesia.
- From the sales of 43,048 units last year, an increase of 43% has been reported by Royal Enfield in June 2022 to 61,407 units.
- GIC, a sovereign wealth fund of Singapore, invested Rs 400 crores in three subsidiaries of the Phoenix Mall by the acquisition of equity stakes in all three of them.
- The Tobacco Institute of India has informed that cigarette makers have shifted to the biodegradable wrapping of cigarette packs after the government order to ban single-use plastic.
- IGSS Ventures Pvt Ltd chose Tamil Nadu as its factory location for setting up a high-tech semiconductor park worth Rs 25,000 crores.
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