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Here’s today business news, the latest business news India today 21 May 2022.
- The interest rate on domestic and NRE rupee term deposits has been increased by Karnataka Bank from 5.10% to 5.25% per annum for deposits up to Rs 10 crore w.e.f May 21.
- One of the largest podcast networks in the Indian language, aawaz.com, has recently launched its Gujarat edition with twelve original shows to capture the spirit of the culture.
- Pride Group of Hotels to open 100 new hotels by 2030 and will have 100 properties in total with over 10,000 keys spread across the nation.
- Welspun Corp Limited has received the largest order valued at Rs 5,000 crore from the United States for the supply of 325,000 MT pipes for the transportation of natural gas.
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- Rs 7.38 crore has been stolen by hackers and fraudulent customers by tampering with the authorization process of Razorpay Software.
- IDBI Bank has signed a pact with Ageas Insurance International NV to exit the insurance JV by selling its stake in JV Ageas Federal Life Insurance Company Limited for Rs 580 crores.
- Parle Agro has requested the government for the extension of the deadline for the next six months to implement the ban on plastic straws.
- Indraprastha Gas aims for an investment of Rs 8,000 crore for the expansion of the gas network in New Delhi in upcoming years along with the target of a 40% increase in the sales volume.
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- Okinawa Autotech has tied up with Tacita, an Italian electric and future bike firm, for a joint venture to manufacture futuristic scooters, motorcycles, and powertrains for the market.
- Motilal Oswal Private Equity to make a primary investment of Rs 194.4 crores in Pathkind Diagnostics for its expansion in South India.
- Rs 30, 307 crores to be paid as dividend to the Government of India by RBI for FY 22.
- Paytm has reported its net consolidated loss of Rs 761.4 crore for the quarter ending in March 2022 due to a rise in payment processing charges and employee benefit expenses.
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