Business news headlines: Latest India business news today 12 February 2021
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Read the latest India business news today 12 February 2021.
- The government has raised fare caps for airlines by around 30% to offset rising fuel prices. However, it extended the curbs on setting fares till 31 March.
- Many PSBs, including SBI, are said to be in talks with the government to set up aircraft leasing arms at the International Financial Services Centre in GIFT City, Gujarat.
- Amazon.com NV Investment Holdings has now filed a special leave petition in the Supreme Court against a recent Delhi high court order allowing the proposed ₹24,713 crores Future Group-Reliance Deal.
- Grofers is said to be in talks for an indirect listing in the US by merging with a SPAC. Special Purpose Acquisition Companies are blank check companies listed on a US stock exchange that merge or acquire companies.
- ITC has reported an 11.5% y-o-y drop in net profit to Rs.3,662.85 crore for the quarter ended on 31 December 2020.
- Blue Star has launched commercial refrigeration products for vaccine storage and other use.
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Latest India business news today 12 February 2021 – business news headlines today
- Ola has selected ABB as one of its key partners for robotics and automation solutions for its upcoming mega-factory that will roll out the Ola electric scooter.
- ArcelorMittal has named Aditya Mittal as its new CEO.
- Patanjali-acquired Ruchi Soya has posted a profit of Rs.227 crores in the quarter ending 30 December 2020.
- Mastercard will begin allowing cardholders to transact in certain cryptocurrencies on its network including Wirex and BitPay.
- Union Minister Mansukh Mandaviya has said that the government is looking to start seaplane services on various routes after the launch of the maiden seaplane service between the Statue of Unity and the Sabarmati Riverfront in Ahmedabad.
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Latest India business news today 12 February 2021 – business news headlines today
- DIPAM Secretary Tuhin Kanta Pandey has said that the government is targeting to conclude the strategic sale of BPCL in the quarter ending June 2021.
- UP-RERA has deregistered two projects of Ansal API and also imposed a penalty of Rs 1.6 crores.
- Indian Bank has said that its customers may face service disruptions this weekend due to software migration.
- CBDT has said that the Income Tax Department has detected undisclosed income of over Rs.870 crores after raiding a “major” Bengaluru-based liquor manufacturing group.
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