Business news India: Latest India business news headlines today 7 February 2023

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Here’s today business news, the latest business news India today 7 February 2023

• Union Minister Rao Inderjit Singh gave a formal statement in Lok Sabha that the Central government has struck off 1,27,952 companies from the records for failing to submit their financial statements for two continuous financial years.
• Government provides a big relief to MSMEs for COVID-19 period; Department of Expenditure, Ministries have been asked to refund performance security/ bid security and liquidated damages forfeited/ deducted during the COVID-19 pandemic.: PIB

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Latest business news India today 7 February 2023 – business news headlines today

• Indian Banks’ Association has been advised to devise a credit card, in consultation with RBI and other stakeholders, similar to Kisan Credit Card that provides a card to operate the Cash Credit limit sanctioned to MSMEs for their working capital requirement.: pib
  
• The board of Grasim Industries Ltd, the flagship firm of Aditya Birla Group, named Ananya and Aryaman, children of Kumar Mangalam Birla, as directors.
  
• Loantap Financial Technologies, operating Loantap, a digital lending platform, announced to have raised $2.9 million (₹24 crore) in a debt funding round led by venture debt fund Lighthouse Canton.
  
• Digital entertainment platform Pocket Aces Pictures has reportedly laid off 50 employees which makes it about 20% of its workforce as part of a corporate restructuring drive.
• As part of India’s G20 presidency, Gujarat’s Rann of Kutch is all set to host the 1st Tourism Working Group Meeting from today.
• Vedanta announced David Reed as the CEO of its global semiconductor business.
• Reliance Capital lenders have approached NCLAT to seek a second round of financial bids.

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Latest business news India today 7 February 2023 – business news India today

• LIC Housing Finance Ltd reported a massive decline of 37% in its net profit for the December quarter of  Rs480.30 crore,  as compared to Rs.767 crore in the year-ago period.
  
• Tata Steel posted a net loss of ₹2,223.84 crore at the consolidated level in the December quarter.
  
• Muthoot Finance garnered a net profit of ₹902 crore in the third quarter of FY23, compared to a profit of ₹867 crore in the same quarter a year ago, registering a growth of 12%.
  
• Gourmet Investments, part of Bharti Family Office, has reportedly entered into an agreement to bring US headquartered Chinese food chain PF Chang’s to India.
  
• Pawan Hans will launch helicopter services on six routes in Assam on 8 February under the UDAN scheme. Pawan Hans has been awarded 86 routes under the scheme in six states.
  
• NCLT has reportedly approved ASG Hospital Pvt Ltd’s resolution plan to acquire Vasan Health Care Pvt Ltd for a consideration of Rs.520 crores.
  
• IRCTC has started WhatsApp communication for railway passengers to order food through e-catering services. WhatsApp number +91-8750001323 to become an interactive two-way communication platform for the customer.

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