Business world News

+Wholesale-based (WPI) inflation stood at 13.93% in July vs 15.18% in June.

+Amul and Mother Dairy will raise milk prices by Rs 2/ltr starting tomorrow. 

+Syrma IPO was subscribed 0.92 times on day 2 of subscription. Retail investors subscribed 1.56 times. 

+FIFA has banned All India Football Federation (AIFF) citing violations of rules. 

+Concord Biotech, Balaji Solutions, and Go Digit have filed draft papers for IPO.

Max Healthcare: American private equity company KKR sold its entire stake in the company. The stake was purchased by GIC of Singapore and financial services firm Capital Group.

Bajaj Electricals: Anuj Poddar is now the CEO and MD of the company.

Adani Ports: subsidiary Adani Logistics has acquired Inland Container Depot (ICD) Tumb from Navkar Corporation for Rs 835 cr.

Mahindra & Mahindra: announced expansion of partnership with Volkswagen AG in the electric vehicle space.

Ujjivan SFB: raised interest rates on their term deposits. Senior citizens will now get an additional 0.75% return on FDs across all tenures.

Aurobindo Pharma: subsidiary has received approval for an injection intended to increase blood pressure.

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