Business news India: Latest India business news headlines today 28 June 2022

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Here’s today business news, the latest business news India today 28 June 2022

  • Tata Consumer Products Ltd. Chairman N Chandrasekaran said that the company will keep looking for right acquisition opportunities for its growth purposes.
  • Cipla to acquire an additional stake in GoApptiv, a digital tech company, for Rs 25.90 crores to strengthen the partnership and increase patient reach with quality and affordable drugs.
  • A Joint Development Agreement has been signed by the Brigade Group for the development of a 2.1 million square feet residential area in Chennai.

latest business news India today 28 june 2022

  • A warning letter has been received by Aurobindo Pharma Ltd from SEBI for non-disclosure of details in the ongoing audit of its manufacturing unit in Hyderabad.
  • A majority stake of 51% is to be acquired in Ultrafresh Modular Solutions by TTK Prestige to help the kitchen appliances company into the fast-growing modular kitchen segments.

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Latest business news India today 28 June 2022 – business news headlines today

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  • Venture Capital Firm Fundamental VC will invest $130 million in early0stage start ups.
  • As per the S&P Global Ratings, ICICI Bank will continue to maintain its strong position in the market and over-capitalization for the upcoming months.
  • Plum, an employee health insurance platform, has partnered with Visa for providing health insurance plans to the MSME cardholders.
  • As per the data released, the share of private banks in loans to small businesses in India has tripled in FY22 while it increased for the public banks in FY21 to 73%.
  • In FY22, Santoor has become a Rs 2,300 crores plus brand and reported Rs 8,634 crores of revenue on March 31, 2022.

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  • ICICI Lombard has announced that it will settle claims of MSME clients within 10 days upto Rs. 5 lakhs.
  • The GOI is all set to invite bids for the sale of electricity generated from 8,000 MW thermal capacities in India without any power purchase agreements.
  • Battery Smart, a battery swapping startup, raised $25 million in a Series A round of funding led by Tiger Global, Blume Ventures, and Orios Ventures.
  • A one-million-ton per annum copper plant has been set up by Gautam Adani in Gujarat and raised Rs 6071 crores in debt to finance the first phase of this project.
  • A share buyback of Rs 2500 crores has been approved by the board of Bajaj Auto with a share price not exceeding Rs 4600 per share.

Must Read:News Headlines of India today 28 June 2022

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