Reliance corners Rs 3,620 crore battery PLI sops

Reliance Industries Limited has secured Rs 3,620 crores in incentives for producing advanced chemistry cell batteries. This win adds to the 5 GWh capacity RIL had previously secured, bringing their total to 15 GWh. The incentives were awarded through a…

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Will SEBI get savvy, or shut its gate?

Madhabi Puri Buch, the first private sector head of Sebi, faces scrutiny over alleged conflicts of interest. The article discusses the need for stricter regulations to address potential conflicts and suggests that appointing bureaucrats without regulatory changes could be short-sighted.…

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Govt extends export credit scheme by a month to Sept 30

The government has extended the interest equalisation scheme on pre- and post-shipment rupee export credit for MSME manufacturing exporters until September 30. This extension aims to support India’s outbound shipments by providing competitive rates amid global economic challenges. The scheme,…

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Hindujas’ acquisition of RCap hits tax dues hurdle

IndusInd International Holdings’ ₹9,861-crore acquisition of Reliance Capital faces a new hurdle as the company seeks to adjust over ₹1,000 crore in GST dues owed by Reliance Capital’s insurance subsidiaries. Creditors are reluctant to accept this adjustment, leading to a…

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