Business news India: Latest India business news headlines today 22 October 2021
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Here’s today business news, the latest business news India today 22 October 2021.
- Deepinder Goyal, CEO & Founder of Zomato, has reportedly joined the board of Unacademy. He had also participated in the Series H funding round of Unacademy.
- FarMart, a Food supply software platform, has reportedly raised $10 million as part of its Series A round of funding led by Matrix Partners India.
- Reliance Jio may reportedly invest in Dunzo through its new fundraising round of $200-250 million.
- Cred is set to enter wallet payments business as it reportedly acquired HipBar, a liquor delivery startup, which owns a PPI (prepaid payment instrument) licence.
- Chairman of NITI Aayog reportedly said that the Indian economy is ready to grow by 10.5% or more in FY22 despite supply-side constraints of chips, ships, and global TRIPS.
- The Cabinet has approved the ₹100 lakh crore PM GatiShakti National Master Plan for the multi-modal connectivity to develop infrastructure for reducing the cost of logistics and to boost economy.
Must Read: News Headlines of India today 22 October 2021
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- The shareholders of Reliance Industries have approved the appointment of Yasir Al-Rumayyan, the chairman of Saudi Aramco, on the board of the company, with less than 2% of votes being cast against the proposal.
- Amazon. com Inc. has reportedly filed an interim application in Supreme Court to stop shareholders and creditors meeting of Future Retail for approving its deal with RIL.
- According to research firm Canalys, the shipment of smartphones in the country has fallen by 5% y-o-y to 47.5 million units in the September 2021 quarter due to supply issues.
- As per reports, Nykaa will launch three day IPO on October 28 to raise about ₹5200 crores. The IPO will include a fresh issue of stocks for about ₹630 crores along with an offer for sale, while the existing shareholders will offload up to 43.11 million shares.
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- Deepika Padukone has been appointed as the global brand ambassador of Adidas for women sports.
- Astral Ltd has entered into the new business vertical of sanitary ware and faucets as a part of its growth strategy to leverage the brand and distribution strength.
- The dearness allowance given to the central government employees and pensioners hiked by 3%, which now stands at 31% and will be applicable from July 01, 2021.
- GAIL (India) will build India’s largest green hydrogen-making plant at Vijaipur, MP to supplement its natural gas business with carbon-free fuel.
- Thomas Cook India and Vistara have reportedly signed an agreement to launch Vistara Getaways, to ffer air-inclusive holiday packages.
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