Here’s today business news, the latest business news India today 22 November 2021.
- The Ministry of Finance has notified 12% GST rate on man-made fibre, yarn, fabrics, and apparel effective from January 01, 2022, while addressing the tax structure.
- e-commerce platform for pre-owned vehicles, CARS24, has leased a 1,000,000 sq ft commercial facility in one of Dubai’s largest-ever leasing deals on record.
- A subsidiary of Rockefeller Foundation, Smart Power India, has marked the operation of its 500th mini-grid in UP, facilitating the world’s largest portfolio of grids.
- Tata Technologies expects $500 million in revenue in the current FY because of acceleration in electric mobility and offshoring of projects by the customers.
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- Siddeshwari Tradex, a holding company of Prithvi Raj Jindal, has raised a Rs 500 crore debt facility from an Edelweiss-promoted finance company and managed funds to acquire Sathavahana Ispat.
- The Income Tax Department has reportedly found an unaccounted income of Rs 100 crore after it raided a Gujrat company engaged in chemicals manufacturing and in real estate.
- Saudi Aramco and Reliance Industries to review the proposed $15 billion investment in the oil-to-chemicals business of the Indian companies.
Latest business news India today 22 November 2021 – business news India today
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- The shareholders of IRB Infrastructure Developers have approved the fundraiser of Rs 5347 crore via the sales of its shares.
- According to the DIPAM website, the GOI has put on sale the assets of MTNL and BSNL at the price of Rs 970 crores.
- The world’s largest maker of commercial vehicles, the Indian subsidiary of Daimler AG, has reported a net loss of Rs 426 crore for the FY ended on March 2021 due to weak economic growth and crippling down of truck sales.
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