New Delhi (IANS) Government’s productivity linked incentive (PLI) scheme for auto and auto component industry is set to disrupt the industry in a big way pushing existing large players to open their game plan on electric vehicles (EV) and vehicles made … read more
New Delhi (IANS) Government’s telecom sector package could put pressure of country’s fiscal health in FY22 with expectation of wider slippages on the deficit. The government is targeting fiscal deficit of 6.8 per cent of GDP in FY22, a big improvement … read more
New Delhi (IANS) The Centre on Wednesday approved a PLI scheme for the auto sector, especially focusing on environment-friendly automobiles such as electric vehicles (EVs). The over Rs 25,000 crore scheme is likely to boost production of components as well as … read more
New Delhi (IANS) Rise in the cost of primary articles, as well as prices of manufactured goods, pushed India’s August 2021 wholesale inflation higher to 11.39 per cent. The annual rate of inflation, based on wholesale prices, rose to 11.39 per … read more
Mumbai (IANS) The Reserve Bank of India (RBI) has cautioned the public against falling prey to frauds in the name of KYC (know your customer) update and sharing key details such as debit and credit card details and OTPs. In a … read more
New Delhi (IANS) India’s total merchandise exports are expected to grow by 33 per cent during the second quarter of FY22, the Export-Import Bank of India said on Friday. Accordingly, India Exim Bank forecast total merchandise exports in Q2FY22 to grow … read more
New Delhi (IANS) Luxury car maker Mercedes-Benz India has expanded the retail footprint of its EV EQC on the back of healthy demand. The EV will now be retailed in all the Mercedes-Benz dealerships across the country under the ‘Phase II’ … read more
New Delhi (IANS) The Union Finance Ministry on Wednesday said that the technical issues in the Income Tax e-filing portal are being “progressively” addressed and a positive trend has been witnessed in terms of e-filing on the portal. The ministry came … read more
New Delhi (IANS) In what may come as a major relief for the telecom sector, more so for the severely-stressed Vodafone Idea, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said. … read more
Mumbai (IANS) The record run in the Indian stock market continued on Monday with the key indices ending at record closing highs. The BSE Sensex touched a new all-time high of 58,515.85 points, and the Nifty50 on the National Stock Exchange … read more