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

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

  • Tata Technologies along with Lamrin Tech Skills University aims to set up a common electric vehicles domain facility to cater to the needs of skills required in the segment.
  • Cigniti Technologies, a digital assurance and quality engineering services player, to acquire

latest business news india today 5 may 2022

  • Adani Total Gas Ltd has reported a 7% increase in its profits for the current FY at Rs 510 crore from Rs 472 crore in FY 2021.
  • Asia’s first drug development centre has been setup by Pfizer at IIT Madras Research Park with an outlay of around Rs 150 crore.

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  • UPL, an agro-chemical major, has acquired OptiCHOS, a naturally derived fungicide, for its business of natural plant protection.
  • Venkataramani Sumantran has been appointed as the Chairman of Board of Directors of InterGlobe Aviation.
  • Tata Consumer Products, via acquisition led strategy, aims to foray into the home and personal care space.
  • Tata Power Solar Systems Ltd has been awarded a contract for the building of a 1000 MW solar power project in Bikaner, Rajasthan by SJVN Ltd.

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  • WardWizard Innovations and Mobility has inked a pact with Sunkonnect, a Singapore-based renewable energy management consulting firm, for facilitating feasible study and identifying partners for manufacturing of Li-ion advance cells.
  • The RBI has announced an increase in the repo rate by 40 basis points from 4% to 4.40% with immediate effect and the cash reserve ratio by 50 basis points from 4% to 4.5%.
  • Mumbai International Airport Ltd has raised Rs 5,735.43 crores senior secured private placement notes from the managed credit funds of Apollo Management International LLP.
  • Adani Green Energy Ltd has reported net consolidated profits of Rs 448 in the FY 2021-22 in comparison to Rs 176 crore in the previous year.
  • Eris Lifesciences Ltd has acquired a stake of 100% in Oaknet Healthcare Private Limited for Rs 650 crores to facilitate the entry of Eris in the segment of dermatology.

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