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Business news in brief from India: June 24

A Zomato deliveryman in Mumbai, India. (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)

By: Shubham Ghosh

HERE are business news in brief from India on Friday, June 24, 2022:

Akasa Air expects test flight next week, aims commercial start in July: Akasa Air, India’s youngest airline, will conduct a proving flight with the country’s Directorate General of Civil Aviation next week as it looks to kick off commercial services by around July end, the carrier’s chief executive officer Vinay Dube said Friday (24).

SATYA MicroCapital raises £12m led by Japan investor Gojo & Company: Indian micro-finance firm SATYA MicroCapital Limited has raised a fresh funding of worth $15 million (£12 million) led by its existing Japan-based investor-Gojo & Company Inc. SATYA plans to use these funds to expand its terrestrial footprints and magnify its diverse product portfolio. This is for the first time SATYA has received debt funding from Gojo and Company Inc.

BIS publishes performance standards for electric vehicle batteries: India’s national standard body — Bureau of Indian Standard (BIS) — has made and published standards for electric vehicle batteries, the country’s ministry of consumer affairs, food & public distribution announced on Friday (24), Asian News International reported.

IET India announces Future Tech Congress 2022: Institution of Engineering and Technology India (IET India) will organise the IET Future Tech Congress on the theme ‘Decoding tomorrow’s customer demands’. The two-day technology will happen in a ‘phygital’ format (completely accessible both physically, and digitally) on November 22 & 23 this year, ANI/NewsVoir reported.

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