News Roundup: 29/4/2022

▫️JSW joined the race to bid for Holcim Group Cement business in India. JSW has arranged funds worth $11 billion to crack the deal.

▫️SEBI halved listing time for REITs and InvITs to 6 days from 12 days.

▫️Tata Motors aims to build 80,000 EVs in FY23.

▫️ Competition Commission of India raided top domestic sellers of Amazon and Flipkart for possible law violations.

▫️Centre and State governments in feud to reduce taxes on fuel.

▫️ Azure Power signed MoU to develop 1,700 MW renewable power project in Karnataka.

▫️ Piramal Enterprises plans to raise Rs 700 crore via bonds.

▫️Temasek commited $162.5 million in 3 funds managed by Info Edge.

▫️US economy unexpectedly shrank by 1.4% in March quarter, mainly due to resurgence of Covid-19 cases.

▫️Indian gold demand crashed 18% in March quarter due to high prices.

▫️ Reliance may soon announce IPO of Reliance Retail and Jio.

▫️ Commercial launch of 5G network possible by August.

▫️Peak Power demand surged by 12% on 28April.

▫️ Google to set up 3.3 million square feet office in Hyderabad.

▫️ Vedanta seeks 100 acre free land for chip manufacturing.


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