Business news India: Latest India business news headlines today 23 March 2023
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Here’s today business news, the latest business news India today 23 March 2023
- IndusGo, a self-drive car rental firm, has reportedly received Rs 100 crore ($12.1 Mn) in funding from its parent company Indus Motors.
- Mahindra’s Last Mile Electric Mobility Business To Get A $73 Million Investment From A World Bank Arm
- World Stock Rise, but Purchasing Is Limited by Financial System Uncertainties
- First Republic Leads Bank Stocks Upward As Investors Pay Attention To Fed Actions
- Next fiscal year, it is anticipated that Indian airport revenues would increase to $3.9 billion.
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Must Read: 23 March in Indian history
Latest business news India today 23 March 2023 – business news headlines today
- ASorted, a fruits and vegetables delivery startup, has reportedly raised over $5 million as part of its seed funding round. The funding round saw participation from several investors, including Beenext, Titan Capital, and White Venture Capital, among others.
- KreditBee announced its partnership with PayU, a leading digital payments solution provider.
- Siguler Guff, a multi-strategy private markets investor with over $16 billion in assets under management, is reportedly considering a $350-million Asia fund, which will back companies in India and Southeast Asia.: Mint
- Air India is looking to bring its permanent employee count down by another 2,000 with the current VRS. The airline has said to have set aside ₹200 crore as part of the initiative.: mint
- The Collective, Aditya Birla Group’s luxury multi-brand retail store, will reportedly add 20 new stores in the next year.
- Phoenix Asset Reconstruction Co is reportedly set to acquire the ₹4,930-crore distressed loan portfolio of Bandhan Bank.
- Hindustan Petroleum Corporation is reportedly planning to set up its third LPG cavern or underground storage facility, in India.
- IOC will reportedly invest Rs.61,077 crores in building a petrochemical complex at Paradip, Odisha.
Must Read:23 March 2023 ke Mukhya Samachar
Latest business news India today 23 March 2023 – business news India today
- Jio Financial Services is looking for talent with digital banking expertise to fill top management roles and is assembling a team of former executives from private lenders such as ICICI Bank.:Mint
- Vistara’s CEO Vinod Kannan has reportedly said that Air India will absorb all 5,100 Vistara employees as part of the merger plan to consolidate the number of airlines under the Tata group.
- DB Power Ltd has repurchased Global Infrastructure Partners’ stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit.
- Patel Engineering has bagged an order worth ₹511 Crore along with JV Partner.
- The Competition Commission of India has reportedly approved the proposal of LIC Mutual Fund Asset Management to acquire management rights over the schemes of IDBI MF from IDBI Asset Management.
- Bosch Ltd announced significant changes to its leadership team in India. Guruprasad Mudlapur will be appointed as president of the Bosch Group in India and MD of Bosch Ltd, w.e.f. 1 July 2023. He will replace Soumitra Bhattacharya.
- The government will reportedly be selling up to 3.5% stake in HAL through an offer for sale.: Mint
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