Clipped from: https://www.business-standard.com/article/economy-policy/white-goods-solar-modules-get-rs-10-738-crore-worth-of-pli-push-121040800121_1.html While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar
Category: Industry
PLI scheme for air conditioners fails to excite local manufacturers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-for-air-conditioners-fails-to-excite-local-manufacturers-121040800105_1.html Lack of incentive for incremental assembly may delay investments Leading consumer durables manufacturers said it will help in growing the local AC manufacturing
Vehicle scrappage: Mahindra & Mahindra teams up with MMRPL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/vehicle-scrappage-mahindra-mahindra-teams-up-with-mmrpl/article34261409.ece To offer customers an end-to-end solution Mahindra & Mahindra on Wednesday said it has signed an MoU with Mahindra MSTC Recycling Private Limited
Policybazaar plans Mumbai IPO filing next month – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/startups/policybazaar-plans-mumbai-ipo-filing-next-month/articleshow/81952106.cmsSynopsis The Policybazaar IPO, which could value the online insurance startup at over $3.5 billion, would involve new stocks and secondary shares from existing
Raining unicorns: E-pharmacy sector churns out first unicorn; PharmEasy hits milestone with 350M funding – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/raining-unicorns-e-pharmacy-sector-churns-out-first-unicorn-pharmeasy-hits-milestone-with-350m-funding/2228783/ PharmEasy is the seventh unicorn of 2021 after Infra.Market, Five Star Finance, Meesho, Digit Insurance, Innovaccer, and Cred hit the milestone earlier this
Realtors welcome RBI policy; urge apex bank to boost liquidity in housing sector – The Financial Express
Clipped from: https://www.financialexpress.com/money/realtors-welcome-rbi-policy-urge-apex-bank-to-boost-liquidity-in-housing-sector/2228800/ Samantak Das, Chief Economist and Head of Research & REIS, JLL India, said the resurgence of the pandemic and resultant concerns of its
Delhi Night Curfew | Covid-19 curbs: Restaurants, pubs stare at long, gloomy nights–the economic times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/restaurants-pubs-stare-at-long-gloomy-nights/articleshow/81942046.cms Covid-19 curbs: Restaurants, pubs stare at long, gloomy nights Synopsis–Nightclub and bar owners said the night curfew from 10 pm to 5 am
Cabinet approves PLI scheme for ACs, LEDs, high-efficiency solar PV modules–business today
Clipped from: https://www.businesstoday.in/sectors/energy/cabinet-approves-pli-for-ac-leds-high-efficiency-solar-pv-modules/story/435977.html PLI scheme: The PLI scheme, which aims at boosting domestic manufacturing in the country, is a central government initiative to make the indigenous industry
4 lakh jobs, Rs 7,920 crore investment: The perks of PLI for white goods–business today
Clipped from: https://www.businesstoday.in/current/corporate/4-lakh-jobs-rs-7920-crore-investment-the-perks-of-pli-for-white-goods/story/435989.html The scheme is expected to be instrumental in achieving growth rates that are much higher than existing ones for AC and LED industries,
Tweak the formula for small savings rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/tweak-the-formula-for-small-savings-rates/article34255379.ece There’s a need to de-link the small savings rates from the G-Sec market. Also, the setting period needs reconsideration The announcement relating to
Despite efforts, independent directors not entirely independent: SEBI chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/despite-efforts-independent-directors-not-entirely-independent-sebi-chief/article34256886.ece Despite the many efforts, SEBI has not been able to ensure that all independent directors act without the influence of promoters to protect
Numerology helped close Byju’s deal: Aakash Educational’s J C Chaudhry | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jc-chaudhry-the-numerologist-who-started-aakash-institute-out-of-a-room-121040601345_1.html JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he
Competition among auto cos address issue of vehicle scrapping sops: Gadkari | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/competition-among-auto-cos-address-issue-of-vehicle-scrapping-sops-gadkari-121040600772_1.html In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject
Chola joins consortium for retail payments NUE – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/chola-joins-consortium-for-retail-payments-nue/2228244/ FSS, Zoho, Zerodha, RazorPay, Ujjivan and Airpay are also part of the Vishwakarma Payments consortium. Chola operates from 1,135 branches across India with
PayPal enables collateral-free loans up to Rs 1 cr for MSMEs, others via small business lender FlexiLoans – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-paypal-enables-collateral-free-loans-up-to-rs-1-cr-for-msmes-others-via-small-business-lender-flexiloans/2228172/ Credit and Finance for MSMEs: The interest rates will begin at 1 per cent per month with tenure up to 36 months based
Valuation soars to $2.2 bn, Cred joins unicorn club – The Financial Express
lipped from: https://www.financialexpress.com/industry/valuation-soars-to-2-2-bn-cred-joins-unicorn-club/2228214/ Credit card repayment platform, Cred on Tuesday said that it has closed a fresh $215-million funding round led by new investor Falcon Edge
global economy news: Why shortages of a $1 chip sparked crisis in the global economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/why-shortages-of-a-1-chip-sparked-crisis-in-the-global-economy/articleshow/81924485.cmsSynopsis The chip crunch was born out of an understandable miscalculation as the coronavirus pandemic hit last year. When Covid-19 began spreading from China
loans: UltraTech Cement prepays Rs 5,000 cr loan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ultratech-cement-prepays-rs-5000-cr-loan/articleshow/81763860.cmsSynopsis UltraTech Cement reported a revenue of Rs 40,649.17 crore in 2019-20 and is the largest manufacturer of grey cement, ready mix concrete (RMC)
Split roles of chairperson, MD and CEO before Apr 2022 deadline: Sebi to listed cos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/separation-of-cmd-roles-not-aimed-at-weakening-promoters-position-ajay-tyagi/articleshow/81928566.cmsSynopsis Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations,
Mine Stalled Real Estate for Growth–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/mine-stalled-real-estate-for-growth/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The latest figures suggest that growth is stalling
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