Business news India: Latest India business news headlines today 3 February 2023

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Here’s today business news, the latest business news India today 3 February 2023

• DIPAM Secretary Tuhin Kant Pandey has reportedly told ANI in an interview that LIC shareholding in Adani group is within the regulatory and its risk management framework.
• Byju’s has reportedly fired around 1,500 employees, including senior executives, in the second layoff exercise reported live mint.
• Government e-Marketplace has achieved a staggering ₹ 1.5 lakh crore of GMV in FY23: PIB

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Latest business news India today 3 February 2023 – business news headlines today

• Ambuja Cement Ltd and ACC Ltd have reportedly said that no shares of the firms have been pledged by the promoters, who have only provided a “non-disposal undertaking”.
  
• NCLT barred Reliance Capital lenders from conducting a second auction of its assets, stating it an “illegal mechanism” to circumvent rules of India’s bankruptcy code.
  
• Dabur India reported a 5.5% dip in December quarter profit which stood at Rs.476 crores down from Rs.504 crores reported in the year-ago period amid a difficult cost and operating environment.
  
• HDFC reported a 13% rise in net profit for the December quarter as compared to the year-ago period.
  
• Finance Minister Nirmala Sitharaman has asked large corporates to avoid delaying payments to MSMEs to aid full recovery in the economy.
  
• Fino Payments Bank reported a net profit of ₹19.1 crore in the December quarter, up 35.5% from the year-ago period.

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Latest business news India today 3 February 2023 – business news India today

• RailTel Corporation is said to have received a Work Order from SBI for providing 4G LTE connectivity to 15,000 offsite ATMs across the country.
  
• Tata Consumer Products reported a 25.6% rise in consolidated net profit to ₹364.43 crore for the December 2022 quarter against a net profit of ₹290.07 crore in the year-ago period.
  
• Sanofi has reportedly announced a VRS for its employees at two manufacturing sites in Telangana citing viability issues.
• RBI has reportedly given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake in IndusInd Bank to 26%.
• Apple CEO Tim Cook has said the iPhone maker has achieved an all-time high revenue in India in the December quarter: ET reported
• Digi Yatra to be implemented at Kolkata, Pune, Vijayawada and Hyderabad Airports by March 2023.
• Railways register a growth of 48% in the Reserved Passenger Segment and 361% in the Unreserved Passenger Segment in Apr 22 to Jan 23 period as compared to the year-ago period.

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