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

• Duroflex India, a mattress manufacturer, has expanded its business into the furniture segment to double its production capacity by establishing a new unit in Indore.
• Reliance Industries Ltd has recently acquired Shubhalakshmi Polyesters Ltd, a chips and yarn manufacturer, for Rs 1592 crores.

• Propel Industries plans to begin commercial production of EV mining trucks by next year.
• An open bid by the Adani Group for Rs 31,000 crores to acquire 26% additional shares in ACC Ltd and Ambuja Cements has now been finalized after receiving only a weak response.

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

• Mr Dortse from Jilian India Ltd. was arrested for forming a big No. 1. of shell companies with links to China in India.
• Indian Railways revenue reached Rs 95,486.58 crore by the end of August 2022, an increase of 38%.
• Selco’s Surya Mitra Awards have been announced for solar energy pioneer Nevelle Williams, Richenda Van Leeuwen and Swami Vivekananda Youth Movement.
• Paras Healthcare has partnered with Fujifilm India to bring the latest diagnostic technologies to J&K hospitals.

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

• Avaada Energy has been awarded a 300 MW solar project by Maharashtra State Electricity Distribution Company at a tariff of Rs. 2.83 per kWh.
• Redington India, a supply chain solutions provider, will offer Apple Inc.’s latest products in 4,000 retail locations across India.
• Honda and its dealer partners are to make an investment of Rs 260 crores to modernize their dealerships.
• Six contracts have been signed by ONGC in the Discovered Small Fields-III tender round with a proposed investment of Rs 15,000 crores for development in the blocks.
• Nayara Energy has hired Prasad K. Panicker as its new chairman.

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