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

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

  • The government has directed stakeholders of the steel industry to make an action plan to achieve COP26 commitments.
  • The Reserve Bank of India has approved the proposal of Muthoot Finance to open up 150 branches across India.
  • Ivan Saha has been appointed as the Chief Executive Officer by a green energy company, Vikram Solar.

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  • The ownership of Neelachal Ispat Nigam Ltd has been completely transferred to a TATA group firm TSLP.

Must Read: 5 July in Indian history

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

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  • Akasa Air which is scheduled to be launched by July-end unveiled its crew uniform. The orange and black uniform looks warm and welcoming.

  • Umang Papneja has been roped in as the new CEO by a leading Swiss wealth management group Julius Baer for its operations in India.
  • The first batch of e-scooters has been rolled out by Hero Electric from the manufacturing facility of Mahindra Group in Pithampur.
  • Renault has reached a production milestone of 50,000 units of its compact SUV Kiger from the Chennai plant.
  • A penalty of Rs 1.05 crores has been imposed by RBI on Kotak Mahindra Bank due to non-compliance with Bank Regulation Act, 1949.

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  • The government will be continuing with the top 28% GST slab for luxury and sin goods.
  • The NTPC has clocked in 21.7% power generation growth in the April-June quarter of the current year.
  • Tata Power has signed a pact with the Tamil Nadu Government for an investment of around Rs 3,000 crores in a 4GW solar cell and solar module manufacturing plant in Tirunelveli.
  • KEC International aims to double the civil contracts by bidding on the business to double the revenue to Rs 4,000 crore in FY23.
  • The merger of HDFC Bank along with its parent HDFC Corp has been approved by RBI along with certain conditions mentioned in the “no objection” certificate.

Must Read:News Headlines of India today 5 July 2022
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