Top Business News: November 21, 2022

Posted On: November 21, 2022

November 21, 2022 – Updated at 5:34 PM IST

Catch up on all of the top business stories of the day here

A vehicle displays an advertisement for the Bombay Stock Exchange (BSE) in front of the bourse building in Mumbai, India, | Credit: DHIRAJ SINGH

5:33 p.m

AMNS India partially completes acquisition of Essar assets

This transaction by AMNS India follows an August agreement with Essar to acquire multiple power and infrastructure assets

5:06 p.m

Rasna founder Areez Khambatta no longer

He created affordable Rasna soft drink packs in the 1970s as an alternative to high-priced soft drinks

4:51 p.m

Rupa & Co strengthens retail presence by establishing EBOs

Rupa & Co wants to increase its focus on modern trade channels, even as it aims to increase its sales

4:30 p.m

Reliance Jio completes acquisition of RCOM’s fiber and tower facilities

Jio has deposited Rs 3,500 crore into an SBI escrow account to complete the acquisition

4:13 p.m

Markets Fall on Day 3; Sensex, Nifty down nearly 1%

Sensex falls 518.64 points to 61,144.84, while Nifty falls 147.70 points to end at 18,159.95

4:07 p.m

Rupee slips on safe-haven dollar demand, Fed minutes in focus

It looks like 81-83 will be the wide range for the rupee with the RBI likely to be present on both sides, traders say

3:41 p.m

Linx-AS opens India office at Kochi Infopark

Linx-AS intends to capitalize on the availability of talent in India and invest in building a team with skills over the next 12 months

3:20 p.m

Steel stocks that are likely to benefit from the elimination of export tariffs

Domestic steel prices expected to recover after a dismal second quarter.

3:15 p.m

B2B procurement platform ProcMart raises $10 million in Series A funding round

The funds will be used for global expansion, strengthening supplier partnerships, technology upgrades and storage capacity

3:10 p.m

Sony launches new WF-LS900N earphones with the latest sensor technology

The device is said to be the Japanese company’s lightest TWS earbuds to date.

3:05 p.m

UST retains its place among the “100 Best Companies for Women in India”

Avtar & Seramount selects the company for the award for the fourth consecutive year

3 pm

How Chennai-based space start-up Agnikul will use a truck and four trailers to launch satellites

It plans a test launch in December from Sriharikota and commercial launches by the first quarter of 2023

2:55 p.m

FM Nirmala Sitharaman launches pre-budget consultations

Meet with chamber of commerce leaders and infrastructure experts on their expectations for the upcoming budget

2.50 p.m

CRISIL revises India’s FY23 GDP forecast down to 7% from 7.3%

Despite the moderation in near-term growth, India is expected to remain a growth outperformer in the medium term

2:45 p.m

Short NCDEX Cottonseed Oilcake Futures

The NCDEX futures contract is facing a range of resistance

2.30 p.m

Nifty’s Outlook for November 21, 2022: Short Nifty futures for intraday

The November contract is expected to fall intraday, possibly to 18,050