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.

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  • 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.

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