The govt is considering changes to its public procurement rules to benefit manufacturers participating in PLI schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost…
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Havells India Ltd announced a Rs 480 crore investment to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan. The plant, with a proposed capacity of 14 lakh units, is expected to be operational by the second quarter of FY27. The…
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Spread across key regions in India, each corridor was strategically designed to integrate industry and infrastructure, establishing world-class connectivity that supports rapid industrialisation.
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The Reserve Bank of India and banks are developing a standard procedure for vehicle seizures when borrowers default on loans. This initiative follows reports of forceful vehicle seizures, including cargo. Banks are internally advising recovery teams to adhere to RBI…
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Former RBI Governor Raghuram Rajan has warned against high public debt. He says countries like the US are vulnerable to future crises. Rajan suggests reducing debt to create a buffer. He spoke at the Bancor prize award ceremony in Rome.…
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Indian coffee chain Blue Tokai is brewing ambitious plans for expansion. Aiming to triple its revenue by 2027, the company plans to expand its café network to 350 locations within the next three years. While an IPO is a potential…
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