Here’s today business news, the latest business news India today 9 October 2021.
- Tata Sons have won the bid for the acquisition of Air India. Tata Group’s chairman N Chandrasekaran said that this is a “historic moment” and that they will try to turn it into a world-class airline. Air India was initially launched by the Tata Group around 70 years ago.
- Ola Electric has reportedly raised around US$ 200 million in a fresh funding round at a valuation of over US$ 5 billion.
- Insolvency pleas of RBI against two Srei group firms have reportedly been admitted by NCLT.
- GMR Group will reportedly invest Rs.6,300 crores in the expansion of Rajiv Gandhi International Airport at Hyderabad.
- TCS reported an increase of 14.1% in quarter 2 profit due to strong demand for IT services.
- Badal Bagri, CFO of Bharti Airtel has resigned reportedly to pursue other opportunities. Soumen Ray has been appointed as the new CFO.
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- Log 9 Materials, a deep-tech start-up, has reportedly closed its Series A+ round of funding of $10 million with an investment from Petronas Ventures of $2 million.
- As per Bloomberg Billionaires Index, Mukesh Ambani has joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club having a fortune of at least $100 billion, LiveMint reported.
- Motherson Sumi Systems announced to have acquired a 55% stake in CIM Tools, a leading aerospace supply chain equipment supplier.
- Bharti Airtel announced a cashback of up to Rs.6,000 to customers buying a new smartphone of up to Rs.12,000 from some leading brands.
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- NCLT has reportedly given time to Zee Enterprises till 22 October for filing its reply on the plea of Invesco seeking an EGM.
- Michael Kors, an American fashion firm, has opened its new ‘Michael Kors Lifestyle’ store in Jio World Drive, Mumbai.
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