Business news India: Latest India business news headlines today 5 August 2022

Please follow and like us:

Here’s today business news, the latest business news India today 5 August 2022

  • Tiger Global has sold its 2.34% stake in Zomato by selling over 18.45 crore shares in the open market.
  • The market of FMCG products in India fell by 8% in value for the third consecutive month as the higher prices continue to weigh on demand.
  • Britannia Industries to increase prices by 6-7% to cover the cost of commodity inflation in the ongoing financial year.

latest business news India today 5 august 2022

  • As per the Federation of Automobiles Dealers Association, the retail sales of automobiles fell by 8% in July to 14.7 lakh units.
  • Axis Bank to wind up its subsidiary in Britain due to failure of deal with a financial firm OpenPayd.

Must Read: 5 August in Indian history

Latest business news India today 5 August 2022 – business news headlines today

  • Northern Arc Capital has raised $25 million from Proparco.
  • Airtel will roll out its 5G services in August and will partner with Ericsson, Nokia, and Samsung for the same.
  • The Central Depository Services India has reported that the active number of accounts has crossed the 7 crore mark on the platform.
  • The rating of Yes Bank has been upgraded by Moody’s from B2 to Ba3 along with a “stable” outlook due to the announcement of its equity capital raise plan.
  • Amalgamated Plantation, the second largest tea producer in India, has launched its first tea lounge in Guwahati with an aim to scale up its business.
  • PTC India Ltd and SJVN have entered into a pact for the sales of electricity from two hydel power projects.

Today business news – business today – latest business news

  • LIC has broken into Fortune Global 500 list and has been ranked 98th on the list.
  • Reliance Industries has jumped to 104th place in the latest Fortune Global 500 list.
  • L&T Group targets its revenue at Rs 2.7 lakh crores in the upcoming years till 2025-26.
  • A non-binding offer worth Rs 462 crores has been made by Adani Group for the acquisition of Air Works and is subject to the completion of satisfaction.
  • A long-term franchise deal has been signed by Reliance Brands Ltd with fashion house Balenciaga to introduce it in India as the matured customers use high-end brands as a symbol of expressing their creativity.
  • A 76.48% increase has been reported by Adani Enterprises Ltd in its consolidated profits at Rs 468.74 crores for the quarter ending in June 2022.

Must Read:5 August 2022 ke Mukhya Samachar

Latest business news India today 5 August 2022 – business news India today

  • The Executive Centre, a Hong-Kong based flexible workspace provider, has leased 1,00,000 sq ft in 3 cities due to rising demand for managed workspace.
  • IRDAI has proposed to increase the limit of tie-ups between insurers, intermediaries, and marketing firms from three to nine.
  • The new private equity firms and platforms are entering the Indian markets or strategizing their entry into the warehousing, industrial, and logistics sectors due to higher demands and growth.

Business news live – latest news – business news today India

  • Rs 1238 crores has been set aside by Indus Towers as doubtful debts in the balance sheet on account of receivables due from key customers.
  • A drop of 61% in profits has been posted by Adani Transmission Ltd at Rs 168 crores for the June quarter from Rs 433 crores in the previous year.
  • Altigreen has partnered with Exponent Energy with an aim to make rapid charging a reality for eCVs in India.
  • Rs 5500 crores worth of loans have been tied up by Greenko from Power Finance Corporation for building India’s first off-river energy storage projects in Andhra Pradesh.
  • Adani New Industries Ltd and Reliance Industries have planned to set up 2 compressed biogas plants each with investments worth Rs 500-600 crores each.
  • 225MW Hybrid Power Project has been commissioned by Tata Power Green Energy Ltd in Rajasthan and the power generated will be supplied to Tata Power in Mumbai under PPA.
  • Inox Wind has bagged an order for a 200MW wind power project from NTPC Renewable Energy Limited and will be commissioned in Gujarat.

Must Read:News Headlines of India today 5 August 2022
Must Read:Today Current Affairs 5 August

tentaran google news

To keep yourself abreast with the latest business news India today 5 August 2022 – business news headlines today, business news India, India startup world news, latest business news, business news live, latest news, business news today India, do follow us on Facebook, Twitter, and Instagram. For watching our collection of videos, follow us on YouTube.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2022 Tentaran.com. All rights reserved.
× How can I help you?