Business news India: Latest India business news headlines today 21 March 2023

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Here’s today business news, the latest business news India today 21 March 2023

• Sukino Healthcare Solutions, a Bengaluru-based healthcare startup, has reportedly raised $6.04 million in a Series A round of funding led by Stakeboat Capital.
• Kabira Mobility, a Panjim-based electric two-wheeler maker, has secured $50 million in funding from Qatar-based Al-Abdulla Group.
• Pieter Elbers, CEO of IndiGo, spoke at the Aviation Summit on entering the next phase of growth.
• In 2022–2023, Adani Krishnapatnam Port Would Load 12.95 MT of Coal, the Most Ever.
• India loosened aircraft leasing regulations to meet passenger demand, according to the aviation minister

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Latest business news India today 21 March 2023 – business news headlines today

• Gennova Biopharmaceuticals, an Emcure subsidiary, has reportedly submitted data for its mRNA-based Omicron-specific Covid-19 booster shot for authorisation to DCGI.
• Shapoorji Pallonji Group has embarked on a business financial re-engineering by creating parallel structures for its real estate and infrastructure units under its existing holding companies, SP Finance and SC Finance; reported ET.
• National Investment and Infrastructure Fund Limited is reportedly going to launch its maiden InvIT for its road assets and plans to raise growth capital of $500 million from both domestic and global investors.
• OVHcloud, a French software firm, has reportedly launched its first data centre in India.
• Supreme Court has reportedly allowed Reliance Capital lenders to hold a second auction of the insolvent company, upholding the order of the company law appeals tribunal; reported Mint.
• India’s mobile phone exports crossed $2 billion (over Rs 16,500 crore) in the first two months of 2023, driven mainly by Apple and Samsung. The total export value since April 2022 has reached over $9 billion; reported ET.
• National Asset Reconstruction Company is reportedly set to acquire the debt of Dharani Sugars and Chemicals before the end of this financial year.
• Disney Star, the official IPL TV broadcaster, has reportedly signed five broadcast sponsors for IPL 2023.
• Uno Minda Ltd, an auto components maker, said that its board has approved the acquisition of an 81.69% stake in Kosei Minda Aluminium and a 49.90% stake in Kosei Minda Mould from JV partner Kosei, Japan.
• Renault Nissan is said to have signed an agreement with Kamarajar Port Ltd for the export of cars manufactured in Chennai by Renault Nissan Automotive India Pvt Ltd.

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Latest business news India today 21 March 2023 – business news India today

• NTPC Green Energy Limited and Indian Oil Corporation Limited have reportedly inked a pact for setting up of renewable energy projects to meet the round-the-clock power requirement of IOCL refineries.
• Umesh Modi Group, the local partner of Revlon, will invest ₹100 crores to expand its distribution network a year after the global cosmetics firm filed for bankruptcy following covid-linked supply chain issues disrupting business; reported Mint.
• Tata Motors is said to have appointed Usha Sangwan as additional director and independent director of the company for 5 years, w.e.f.15 May 2023.
• New Starbucks CEO Indian-origin Laxman Narasimhan has taken over from Howard Schultz.
• CEAT announced to have appointed Arnab Banerjee as MD & CEO after the resignation of Anant Goenka.
• CHARGE+ZONE, an EV charging company to have raised $54 million in equity and debt to expand the high-speed charging network.
• Westlife Foodworld Ltd., which owns and operates McDonald’s restaurants in West and South India, announced to have elevated Saurabh Kalra as the managing director.
• Amazon.com Inc. is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history; reported Mint.
• Reliance Industries is reportedly planning to develop hotels and resorts near the Statue of Unity, Gujarat through its newly formed company Reliance SOU.

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