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Here’s today business news, the latest business news India today 19 March 2022.
- A stake of 7.20% has been acquired by HDFC Capital Advisors in a real estate digital amenities provider, Loyalie IT Solutions.
- Antelopus Energy to acquire a 21% stake in Selan Explorations, an oil exploration, and production firm, by buying shares for Rs 200 per piece.
- Manipal Hospital has partnered with Fitbit for providing post-surgery monitoring along with the virtual platform of ConnectedLife.
- Volvo Group has expanded the operations of Research and Development in India.
- A seventh-round of “Mobility and Automobile Innovation Lab” initiative has been announced by Maruti Suzuki along with inviting enquires for early start-ups in automobiles.
- According to the Ministry of Information and Broadcasting, the media and entertainment industry of India is projected to reach USD 100 billion by 2030.
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- The Adani Group aims for joint cooperation and investment opportunities in Saudi Arabia’s Aramco and Public Investment Fund.
- As per Maruti Suzuki, India can record the highest sales of passenger vehicles up to 35 lakh units in 2022-23 due to stronger personal demands and shortage of component supplies.
- The growth estimates of India for the current year have been slashed down by Moody’s from 9.5% to 9.1% due to increased import bills of fertilizer and fuel.
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- Brookfield, a Canadian asset manager, to acquire a stake of 25% for Rs 2000 crore in the packaging films business of BC Jindal Group.
- Razorpay has acquired IZealiant Technologies for an undisclosed amount to strengthen banking solutions.
- As of March 14, 2022, the exports of India have reached $390 billion, as informed by Piyush Goyal, Commerce and Industry Minister.
- The Finance Ministry has informed that the net direct tax collection of India for the current year is 48.4% higher than 2020-21 and 42.5% more than the pre-pandemic levels.
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