Business news India: Latest India business news headlines today 21 January 2022

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Here’s today business news, the latest business news India today 21 January 2022.

  • As per reports, Razorpay aims to acquire a majority stake in Ezetap Mobile.
  • StockGro has raised funds worth USD 32 million in a Series A funding round led by BITKRAFT Ventures, General Catalyst, and Itai Tsiddon along with many other existing investors.
  • According to a report, the domestic auto components industry might grow by 15-17% in the current FY, and by 10-12% in the next FY on the back of the recovery in the sales of automobiles, which was subdued from last few years.

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  • The Asset under Management growth outlook of retail non-banking financial companies has been revised by ICRA ratings to 5-7% for the current FY from expectation of 8-10%.
  • Kotak Mahindra Bank Group has signed an MoU with GIFT SEZ Ltd. to boost the financial services ecosystem at IFSC, Gandhinagar.

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Latest business news India today 21 January 2022 – business news headlines today

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  • A doorstep diesel provider, Humsafar India, to foray into the growing Electric Vehicles charging and battery replacement business by setting up charging stations in Delhi and Noida.
  • Convergence Energy Services Ltd. has sought bids for the procurement of 5580 electric buses to be deployed over five major cities by floating Rs 5500 tender termed as Grand Challenge.
  • RBI has approved the appointment of Vinod Rai as the Independent Chairman of Unity Bank.

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Latest business news India today 21 January 2022 – business news India today

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  • South Indian Bank has reported a net loss of Rs 50.3 crore in the December quarter due to a fall in interest income along with the deterioration of asset quality.
  • Lotus Herbal, a beauty care brand, has acquired a 25% stake in the skincare brand Conscious Chemist to increase its presence in the green beauty category.
  • Gem& Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement for granting the possession of land for 95 years period for setting up India Jewellery Park Mumbai.

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