Business news India: Latest India business news headlines today 27 June 2022
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Here’s today business news, the latest business news India today 27 June 2022
- In a stock deal, the board of Zomato has approved the acquisition of Blinkit, formerly known as Grofers, for Rs 4447 crores.
- Omega Seiki Mobility, an EV maker, to set up a retrofit facility in Chandigarh for converting internal combustion engine-powered vehicles into an electric vehicles at an investment of USD 25 million.
- A stake of 60% has been acquired by LG Electronics in Apple Mango for an undisclosed amount for advancing into EV charging solutions.
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- VFS Capital to increase assets under management to around Rs 1500 crores from Rs 803 crores along with expansion in several branches.
- ElectriVa, an electric vehicle charging startup, to set up 12 charging points in Kanpur according to the Municipal Corporation Plan.
- India’s largest floating solar power project of 101.6 Megawatt peak has been commissioned by Tata Power Solar Systems in Kerala backwaters.
- Kutch Copper Limited raised Rs 6,071 crores debt for setting up a copper refinery at Mundra in Gujarat.
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- The production of raw coking coal output in India to touch 140 million tonnes from the current 51.7 million tonnes by 2030.
- The foreign portfolio investors have pulled out around 46,000 crores from the Indian equity market this month following the tight monetary policy of RBI.
- The compensation cess of luxury items and goods has been extended for four years till 2026 to raise funds for additional borrowings done during the Covid-19 pandemic.
- As per the sources, the GST Council approved the application of 28% GST on online gaming, casinos, and horse racing.
Must Read:News Headlines of India today 27 June 2022
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