Business news India: Latest India business news headlines today 28 October 2021
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Here’s today business news, the latest business news India today 28 October 2021.
- Dr Lal Path Labs authorized the 100 percent acquisition of Suburban Diagnostics (India) in an all-cash deal of Rs 1100 Cr.
- Maruti Suzuki reports Q2 earnings, Profit falls by 65% on a year-on-year basis. United Spirits, Indian Overseas Bank also report Q2 earnings today.
- After securing a billion-dollar deal, Tata to roll out Sigma, a platform for Tata’s EVs.
- Future Group has reportedly asked Delhi High Court to put a stay on the interim order passed by Singapore International Arbitration Centre on its proposed deal with RIL.
- Veteran banker K.V. Kamath has been appointed as the chairman of NaBFID (National Bank for Financing Infrastructure and Development) by the finance ministry.
- Jubilant Foodworks has reportedly signed a share purchase agreement with Hashtag Loyalty for acquiring a 35% stake for approx. Rs.24.75 crores.
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- Paint companies hike prices, stocks witness a fall.
- Paytm IPO is to open up on November 8 now. The company increases the issue size to Rs 18,300 Cr.
- Maruti Suzuki’s RC Bhargava states that the material costs for Maruti Suzuki are at an all-time high.
- Swiss Re to reportedly buy 23% stake in Paytm’s Insuretech for about Rs 920 Cr. Paytm Insuretech is now planning to leverage its customer base and merchant ecosystem in order to develop innovative insurance products.
- Reliance New Energy Solar offers Rs 375/share to acquire a 26% stake in Sterling & Wilson Solar.
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- Demand for household services, furniture, beauty parlours, and restaurants skyrocket during this festive season.
- Public Sector Undertakings to compete with the private firms for rail contracts following the new order.
- Union Minister Mansukh Mandaviya directs the pharma industry to make India a manufacturing hub. Union Minister also added that the government is in the process of setting up three drug parks in the country.
- Baldev Prakash was approved as the new MD and CEO of J&K Bank by the Reserve Bank of India.
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