The package, which is likely to comprise subsidies on capital expenditure and incentives based on increase in production and employment generation, is expected to create an ecosystem of electronic component production, as the government seeks to integrate domestic companies into…
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Broking firms said companies borrow from each other when setting up their investor sections but these are not made public until they’re ready. Another person said it might have been beta testing of the section on the LG India website…
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The finance ministry has proposed allowing 100% foreign direct investment in the insurance sector, reducing the minimum paid-up capital for companies, and permitting insurers to conduct multiple insurance-related activities. The changes are intended to enhance industry efficiency and increase insurance…
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Private sector banks, led by HDFC Bank, have sold nearly ₹40,000 crore of loans this fiscal to enhance liquidity and balance their books amid slow deposit growth. This marks a significant shift as banks like HDFC Bank, IDFC First Bank,…
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Indian wages contracted last quarter for the first time since the pandemic. This curbed consumer spending and led to weaker corporate profits among major companies like Maruti Suzuki and Hindustan Unilever. The slowdown poses challenges for the government’s growth goals.…
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Adani Green Energy’s delayed solar project has yet to supply power to Andhra Pradesh, missing the original schedule by months. Instead, Adani Green Energy has begun selling power from the project at a higher rate on exchanges. Delays are attributed…
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