Business world News

+The government has decided to put restrictions on wheat export. The government will announce the restrictions soon.

+The government has provided Rs 5,200 cr for the modernization of the post offices using technology: Department of Posts Secretary Aman Sharma.

+DreamFolks IPO was subscribed 6.09 times on day 2. Retail investors subscribed to the issue 19.10 times.

+The government has exempted garments and hosiery sold loose or open from six declarations, including 'best before use' and 'consumer care address'.

HDFC Bank: will invest around Rs 50 cr to pick up a 10% stake in GoDigit Life Insurance.

Reliance Industries: Hero Electric will partner with Jio-BP for electric vehicle battery swapping stations.

Indian Oil: has set the goal to become a net zero-carbon emissions company by 2046.

Uno Minda: will invest Rs 300 cr to expand manufacturing capacity in Haryana.

LIC: has sold a 2% stake in Nagpur Power & Industries via open market transactions.

Yes Bank: has allotted 1.93 lakh equity shares under its ESOP program.

Indian Bank: increased interest rates on fixed deposits below Rs 2 cr.

HDFC Bank: has partnered with Tata Neu to launch co-branded credit cards.

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