Business news India: Latest India business news headlines today 23 June 2022
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Here’s today business news, the latest business news India today 23 June 2022
- Kellogg Co. will be splitting into three companies based on its products: cereals, snacks, and plant-based food. The names of the cereal and plant-based companies will be declared by year-end.
- Vodafone Idea is to raise Rs 436.21 crores from the UK parent to mop up all the funds to invest in its Networks and prepare for the spectrum auctions.
- Behr-Hella Thermocontrol GmbH, a European Auto Component major, aims to double its growth in India at the pace of its global business for it to enter the Indian market and use it as a base for EVs.
- India’s natural skincare start-up Mamaearth is planning for an IPO in 2023 to raise $300 million at the valuation of $3 billion.
- Bharti Airtel International in the Netherlands has made an early buyback of senior bonds for a cash tender offer of up to $300 million for guaranteed 5.350% notes worth $1 billion due in 2024.
- Carlyle Group has completed the acquisition of a stake of 24.04% in Airtel’s Nxtra for Rs 1,788 crores.
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Latest business news India today 23 June 2022 – business news headlines today
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- Vahak, a transport services marketplace start-up has raised $14 million in the Series A funding round led by Nexus Venture Partners.
- Mahindra Insurance Brokers has partnered with a leading Agri digital platform, BigHaat, to offer financial solutions to the informal agriculture segment of the workforce.
- Supertech, a realty firm, to raise Rs 300 crores for resuming construction on its project.
- Jio-bp has tied up with Nexus Malls to facilitate EV charging and battery swapping stations for two and four-wheelers.
- A stake of 100% in GMR Green Energy Pvt Ltd has been acquired by GMR Power and Urban Infra from GMR Solar Energy Pvt Ltd.
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- The Reserve Bank of India has given 3 more months to banks and NBFCs to implement new rules related to debit and credit cards.
- The Andhra Pradesh government has approved the cleared pump storage projects of Adani Green Energy with 3700 MW capacity.
- An annual customer spending of Rs 24,000 crore has been recorded by ITC in FY22 in the FMCG businesses.
- Aditya Birla Sun Life AMC to raise Rs 1,000 crores along with BentallGreenOak to invest in real estate projects in key property Market.
Must Read:News Headlines of India today 23 June 2022
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