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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).

ALSO READ: News in brief from India: June 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.

Carmakers Toyota, Suzuki focus on hybrid route in India for local, global markets: Automakers Toyota Motor Corp and Suzuki Motor Corp said on Friday (24) they would start making hybrid vehicles in India, a category that Toyota considers is best suited to such markets at the moment, Reuters reported.

Zomato to buy Blinkit for about £ 462 million in all-stock deal: India’s Zomato Ltd on Friday (24) said it will buy local grocery-delivery start-up Blinkit for Rs 44.47 billion (£ 462 million) in an all-stock deal as it aims to capitalise on the booming quick delivery market, Reuters reported.

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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