Business news India: Latest India business news headlines today 3 July 2022

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Here’s today business news, the latest business news India today 3 July 2022

  • Finance Minister Nirmala Sitharaman has announced that taxes levied on crude, diesel, and ATF will be reviewed every fortnight.
  • A lifestyle brand, Bewkoof, has recorded Rs 250 crores profit, an expansion of 30% in its sales, during the year ending on March 2022 due to an increased number of categories and reach.

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Latest business news India today 3 July 2022 – business news headlines today

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  • The power consumption of India has grown to 134.13 billion units in June 2022 to due severe heat and an increase in economic activities.
  • The GST collection in India rose by 56% to Rs 1.45 lakh crores in June 2022 due to the latest changes in rates and tightening of norms.
  • A windfall tax of Rs 66,000 crores has been imposed by the GoI on the local production of crude oil as some refineries made “phenomenal profits”.

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  • GIC, a sovereign wealth fund of Singapore, invested Rs 400 crores in three subsidiaries of the Phoenix Mall by the acquisition of equity stakes in all three of them.
  • The Tobacco Institute of India has informed that cigarette makers have shifted to the biodegradable wrapping of cigarette packs after the government order to ban single-use plastic.
  • IGSS Ventures Pvt Ltd chose Tamil Nadu as its factory location for setting up a high-tech semiconductor park worth Rs 25,000 crores.

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