The scheme consists of two components — incentivising incremental sales of automobiles and auto components related to advanced automotive technology The Heavy Industries Ministry on September 23 notified the ₹25,938 crore production-linked incentive (PLI) scheme for the auto sector, which is aimed at boosting domestic manufacturing of advanced automotive technology […]

The Parliament passed the DICGC (Amendment) Bill, 2021 during the monsoon session in the wake of RBI-imposed restrictions on PMC Bank last year The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to pay the depositors of the insured ailing banks that come under All Inclusive Directions (AID), an […]

“Airtel could take a lead in tariff hikes in some packs.” Telecom operator Bharti Airtel will opt for payment moratorium, offered in telecom relief package, and redirect the cash flow to aggressively build networks, its Chairman Sunil Bharti Mittal said on Thursday. Telecom reforms will spur growth, and have paved […]

Clear pending resolution plans at once: SC to NCLT, NCLAT The Supreme Court on Monday held that judicial delay should not be a reason leading to the failure of the Insolvency and Bankruptcy Code (IBC) regime like the way it did in the days before the Code came into existence. […]

Koo’s popularity in India peaked earlier this year amid the Indian government’s spat with Twitter and growing calls for expanding the ecosystem of homegrown digital platforms Homegrown microblogging platform Koo expects to raise its headcount to over 500 people in the next one year, as it looks to hire across […]

Commercial cylinder turns dearer too, set to make eating out expensive Cooking gas prices have been increased by ₹25 per cylinder, the second such hike in a little over fortnight bound to impact further the already strained budget of households across the country. Besides that of the 14.2 kg domestic […]

‘Firm ready to jump into profit pool’ Tube Investments of India Ltd. (TII), which is gearing up to unveil electric three-wheelers by the first quarter of 2022, is exploring the possibility of manufacturing electric two-wheelers to see if it could be profitable, said the company MD, Vellayan Subbiah. “It is […]

In July, Bench concluded that what telecom firms really wanted, under guise of correcting ‘arithmetical errors’, was recalculation of their AGR that runs into crores of rupees Telecom major Voda-Idea has urged the Supreme Court to review its dismissal of their request for an opportunity to place grievances about “arithmetical […]

This is a jump from ₹16.63 crore achieved in the corresponding period of the previous year. The National Aluminium Company Limited (NALCO), India’s leading producer and exporter of alumina and aluminium, has reported a net profit of ₹347.73 crore in the first quarter of the fiscal — a jump from […]