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Here’s today business news, the latest business news India today 12 March 2022.
- Torrent Power Ltd has completely acquired an operator of 156Mw wind power plant in Gujarat, MP, and Rajasthan by acquiring 100% equity stake of Surya Vidyut Ltd.
- Hero Electric aims to build up capacity for manufacturing of five million electric two-wheelers in a year.
- Unicorn Infosolutions, a premium reseller of Apple, has planned to set up 75 stores in North and West India in upcoming years.
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- The NCLT has approved EPC Constructions India Ltd to initiate arbitration proceedings against Indian Oil Corp Ltd for recovery of Rs 1,005 crore in dues.
- Lupin, a drug firm, has received US health regulator’s approval for marketing of its anti-epilepsy drug, Vigabatrin, for oral solutions in the markets of America.
- Vikas Lifecare, a polymer product trading firm, has planned a CAPEX of Rs 120 crore for expanding its operations and hiring people to support the new projects.
- The Reserve Bank of India has ordered Paytm Payments Bank to not allow new customers on board after citing supervisory concerns.
- India’s Cairn Oil & Gas to spend over $4 billion in upcoming years to triple its production as high prices makes the investments attractive.
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- Punjab & Sind Bank to acquire a stake of 2% in an asset reconstruction company NARCL for Rs 55 crore.
- The purity of un-hallmarked jewellery of customers can be tested and recognised by the Bureau of Indian Standards at Rs 200 for up to 4 articles and Rs 45 per article for 5 or more items.
- TCL North America Inc, a subsidiary of Titan Company, has agreed to a stock purchase agreement with Great Heights Inc to acquire 17.5 % voting rights for USD 20 million.
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