Clipped from: https://economictimes.indiatimes.com/industry/energy/power/mca-moves-nclt-against-former-mgmt-of-cg-power/articleshow/82009037.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In 2019, the board of CG Power & Industrial Solutions had to restate its earnings after finding suspected fraudulent transactions by its chairman
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With support from govt, India can dominate bicycle industry: Pankaj Munjal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/with-support-from-govt-india-can-dominate-bicycle-industry-pankaj-munjal-121040901343_1.html Hero Cycles chief says growth in India is limited, wants PLI scheme for his industry Pankaj Munjal Pankaj Munjal of Hero Cycles has called for
Govt proposes to relax rooftop solar norms – The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-proposes-to-relax-rooftop-solar-norms/2230310/ The union power ministry on Friday released a draft amendment to the Rights of Consumer rules, which it had laid down in December,
Dialling self-reliance via PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/dialling-self-reliance-via-pli-scheme/article34273860.ece Govt is rightly investing in telecom infrastructure, recognised as a key enabler for growth of the economy In November last year, the government
PLI scheme for textile almost ready: Irani – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/pli-scheme-for-textile-almost-ready-irani/article34271939.ece National Textile Policy to strike balance between allocation and industry’s capacity to use resources The Textile Ministry is working towards reducing the industry’s
China, US solar cos keen to set up units in India – PLI PULL: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/pli-pull-china-us-solar-cos-keen-to-set-up-units-in-india/articleshow/81979834.cms Synopsis–China-based LONGi Solar and Trina Solar, two of the world’s largest makers of solar wafers and modules, are in talks with Indian private
Maintain ‘buy’ on Indian Hotels with target price of Rs 160 – The Financial Express
Clipped from: https://www.financialexpress.com/market/analyst-corner-maintain-buy-on-indian-hotels-with-target-price-of-rs-160/2229730/ Permanent reduction in costs and new revenue initiatives should improve profit margin. Buy rating, Rs 160 TP, and forecasts unchanged; stock looks oversold
Govt to invite bids for solar PLI in two weeks – The Financial Express
As on date, the 3 giga-watt (GW) of cell manufacturing units and the 14 GW of domestic solar module makers have to import most of
White goods, solar modules get Rs 10,738 crore worth of PLI push | Business Standard News
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
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
Tata Steel sales up 15% in Q4 on rise in demand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/tata-steel-sales-up-15-in-q4-on-rise-in-demand/article34254760.ece Tata Steel has reported that its sales in the March quarter was up 15 per cent at 4.67 million tonne, against 4.03 mt
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,
Flipkart, Mahindra Logistics in pact to speed up EV use in last-mile delivery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-mahindra-logistics-in-pact-to-speed-up-ev-use-in-last-mile-delivery/article34251149.ece Walmart-owned Flipkart has partnered with Mahindra Logistics to accelerate use of electric vehicles in last-mile delivery and will deploy over 25,000 EVs in
Brake on diversification | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/brake-on-diversification-121040601419_1.html M&M must focus on reviving its core automotive division Mahindra & Mahindra (M&M) has just seen a big change at the top, with Anish
Swiggy Funding: Swiggy gets $800 million funding at $5 billion valuation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/funding/swiggy-raises-800-million-in-funding-at-5-billion-valuation/articleshow/81914999.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Swiggy’s mammoth fundraising comes at a time when its biggest rival Zomato is firming up plans to launch an IPO some time later
India vehicle scrappage policy: How some clarity from government could help carmakers – The Financial Express..
Clipped from: https://www.financialexpress.com/auto/industry/india-vehicle-scrappage-policy-clarity-from-government-could-help-carmakers-end-of-life-scrapyard-salvage-car-bike/2227134/ The vehicle scrappage policy proposed by the government does indeed come with its terms and conditions. While we aren’t privy to these yet,
Primary focus on scaling up existing units: M&M MD & CEO Anish Shah | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/primary-focus-on-scaling-up-existing-units-m-m-md-ceo-anish-shah-121040400936_1.html Anish Shah says the exercise of exiting loss-making international subsidiaries is almost done Anish Shah, Managing Director and CEO, Mahindra and Mahindra Anish
Tata Motors ideally placed to aim for dominant position, should get aggressive: Chandrasekaran – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/tata-motors-ideally-placed-to-aim-for-dominant-position-co-should-get-aggressive-in-the-future-n-chandrasekaran/articleshow/81880772.cmsSynopsis Addressing the automaker’s employees at the customary ‘All Hands Meet’ on the first day of the fiscal year on Thursday, Chandrasekaran said he
