Business news India: Latest India business news headlines today 9 August 2022

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Here’s today business news, the latest business news India today 9 August 2022

  • Reliance Industries has invested Rs. 30,000 crore in the retail sector expanding its stores and warehouses all over the country.
  • According to a report by DCO India, the smartphone market in India has registered a decline of 5% in its shipments in the second quarter of the current FY due to tapering demand and higher inflation.
  • Satish Kumar Gupta has been appointed as the RP by Mumbai Tribunal for the Bombay Rayon Fashion.

latest business news India today 9 august 2022

  • Indian Oil Corporation will open 50 fuel stations in Sri Lanka to support the country during its economic crisis.
  • Apollo Hospital has acquired hospital assets in Gurgaon from Nayati Healthcare and Research NCR Pvt Ltd in a hospital zoned land with a potential of 650 beds over 7 lakh feet for Rs 450 crores.
  • Exxon Mobil Lubricants Pvt Ltd has tied up with Think Gas Distribution Pvt Ltd for the marketing of CNG lubricants for passenger and commercial vehicles.

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Latest business news India today 9 August 2022 – business news headlines today

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  • 5G services are expected to be rolled out in a month in the country according to the MoS for Telecom.
  • Varun Mehta has been elevated to the post of Director of Torrent Power.
  • As per Ookla, 89% of users of smartphones are planning to upgrade to 5G, of which 48% will switch as soon as the new network is available in their region.
  • Rs 400 crores of sales value have been reported by Ajmera Realty and Infra India for the quarter ending in June 2022.
  • Rs 30,000 crores has been invested by Reliance Retail in the current FY for expansion of stores, strategic partnerships, and acquisitions.

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  • Japan’s SoftBank has reported a loss of $23 billion for the April-June quarter.
  • Under the CAPEX plan, JSW Steel aims for an investment worth Rs 48,000 crores in the upcoming years along with a plan to amalgamate with JSW Ispat Special Products.
  • The retail prime lending rate on home loans of HDFC has been increased by 25 basis points for the sixth time in a year.
  • Revenue worth Rs 95.3 crores has been reported by Entertainment Network (India) Ltd for the first quarter ending in June 2022 as against revenue of Rs 38.8 crores in the previous year.
  • Dentsu, a Japanese advertising firm, has announced to acquire Extentia, a Pune-based tech firm, for the enhancement of its digital offerings to its clients.

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