Business world News

+The govt has reduced windfall tax on petroleum crude to Rs 13,000 per ton from Rs 17,750 per ton. The levy on diesel exports has been increased to Rs 7/ltr from Rs 5/ltr.

+India's gold imports rose 6.4% year-on-year to $12.9 billion during April-July 2022.

+Fundamentum Partnership (backed by Insosys co-founder Nandan Nilekani) has raised $227 million for its second fund to invest in early stage start-ups.

SBI: has sold the non-performing loan account of KSK Mahanadi Power Company to Aditya Birla ARC for Rs 1,622 cr.

Sun Pharma: US regulator FDA has issued six observations to Sun Pharma’s Mohali plant.

NHPC: signed an MoU with Nepal government for 2 hydropower projects.

Ashok Leyland: has unveiled the AVTR 4825 tipper equipped with an H6 engine aimed at serving the construction and mining segments.

NTPC: has started capturing CO2 from flue gas stream at its Vindhyachal plant.

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