Here is today’s business news, Latest business news India today 12th November 2022

• The Bank of Baroda has cut its home loan rate by 25 basis points to 8.25% and also waived the processing fee for a limited-time offer.
• Godrej Properties Ltd acquired two plots of land in Noida for Rs 377 crores from the local authorities through a housing development auction.
• The Union Energy Secretary has launched the Green Energy Open Access Portal, which will allow electricity consumers to have the load of 100kW or more sanctioned to receive a renewable supply.
• HDFC Capital Advisors has partnered with CREDAI to accelerate investments in Tier 2 and Tier 3 city real estate projects.
• The service of the sports SUV Urban Cruiser has been discontinued by Toyota Kirloskar.

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Latest Business News India Today November 12, 2022 – Economic news headlines today

• According to IDC, third-quarter wearables shipments in India grew 56.4% year over year with shipments of 37.2 million units due to the holiday season and aggressive marketing and promotional activities.
• Entertainment Network Ltd has announced a 50% increase in operating income in the second quarter to Rs 103.1 crores versus Rs 68.81 crores in the second quarter of FY22.
• According to the Index of Industrial Production estimates, India’s industrial production grew by 3.1% in September, along with a 4.6% increase in manufacturing output.
• SEBI has issued a regulatory framework to make it easier for online debt platform providers to sell listed debt securities.
• A new innovation center has been opened by DP World in Gurugram and will soon house 240 employees working on critical solutions for the global supply chain.
• LIC’s net profits have seen a multiple jump to Rs 15,952 crores from Rs 1,434 crores in the same period last year, boosted by increased profits from its investments.

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Latest Business News India Today November 12, 2022 – Business News India Today

• Ashok Leyland Q2 net income was posted at Rs. 199 crores.
• Inox Green Energy Services has received an investment of Rs. 333 crores from anchor investors.
• ITC has opened a spice processing plant in Andhra Pradesh.
• Ashneer Grover will release his autobiography, Doglapan, in December.
• Elon Musk has sold $3.95 billion in Tesla stock after acquiring Twitter.
• Accenture removed employees who submitted fake resumes.
• Kerala government reimburses startups for tech licenses.

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