Business news headlines: Latest India business news today 22 February 2021
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Read the latest India business news today 22 February 2021.
- Amara Raja Batteries, India’s second-largest automotive battery maker, has opened India’s maiden technology hub to develop lithium-ion cells, at its manufacturing facility in Tirupati.
- The government has tweaked the guidelines for strategic disinvestment in PSUs and has now made security clearance mandatory for all bidders.
- Muthoot Homefin is aiming to disburse loans worth around Rs.700 crores in the next financial year catering to the affordable housing segment.
- The Jalan-Kalrock consortium awaiting approval from NCLT is planning to keep Jet Airlines listed as also to keep the brand unchanged.
- SBI Payments has launched the YONO Merchant app to boost digital payments. The app will allow merchants to turn their NFC-enabled Android smartphones into payment acceptance devices.
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Latest India business news today 22 February 2021 – business news headlines today
- Thomas Cook India is planning to raise around Rs.450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares.
- Transport Minister Kailash Gahlot has said that all leased or hired cars used for commute by Delhi government officials will be changed to electric vehicles within a period of six months.
- DBS Group Holdings Ltd. has said that it’s facing lawsuits in India related to its recent takeover of a bank. Holders of Lakshmi Vilas Bank’s equity shares and Tier-II bonds that were written off before the amalgamation have reportedly taken legal actions against DBS’s local unit in various high courts in India.
- Torrent Power is said to have emerged as the highest bidder for the 51% stake sale in the power distribution company in Dadra & Nagar Haveli and Daman & Diu.
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Latest India business news today 22 February 2021 – business news headlines today
- Azim Premji has asked the government to allow private participation in the Covid-19 vaccination drive and said that over 500 million people can be vaccinated in 60 days with the involvement of private firms and institutions.
- NEC Corporation said it is working closely with the Indian telecom operators to explore the possibility to commercially deploy OpenRAN technology for their 5G networks.
- The Central government has reconstituted NITI Aayog governing council which will be headed by PM Narendra Modi as its chairperson.
- Traders’ body Confederation of All India Traders has sought immediate intervention of PM Narendra Modi to streamline e-comm rules and policies to save the domestic trade from alleged malpractices of big e-com companies.
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