Here’s today business news, the latest business news India today 21 June 2022
- One Electric, an electric motorcycles maker, plans to raise around $5 million in capital for overseas expansion, development of products, and supply chain.
- The exporters of garments in India might face a loss of Rs 1200 crore because of the conditions imposed under the scheme of Rebate of State and Central Taxes and Levies.
- The prime lending rate of LIC Housing Finance has been raised by 60 basis points which is in line with the market scenario. The new interest rates on home loans will be 7.50%.
- Around 75,000 tonnes of PCI coal has been imported by Tata Steel from Russia in May used in steelmaking.
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- Finbox, a B2B credit infrastructure firm has raised $15 million from another funding round. The company will double its workforce and expand to South-East Asia.
- A stake of 9.9% has been acquired by DBS Bank in Svakarma Finance for an undisclosed amount to deliver financial solutions to micro-enterprises.
- The cumulative sales of SUV Kia Sonet have crossed the milestone of 1.5 lakh units since September 2020.
- Golden Tips, a well-known tea brand, has purchased moonlight teas from Badamtam for Rs 20,000/kg and Castleton tea for Rs 21,000/kg from the auction center in Kolkata.
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- As per DG of IATA, global losses of airlines will reduce to $9.7 billion in 2022 from $52 billion in 2021.
- 100% acquisition of equities in SPPL and EREPL has been completed by Adani Power for about Rs 609 crores.
- Anupam Agarwal is the newly appointed Director of ONGC Videsh.
- Saera Electric Auto Pvt Ltd started the production at Bawal Plant in Haryana, acquired from American bike maker Harley Davidson.
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