The government has disbursed Rs 1,596 crore under the production-linked incentive (PLI) scheme for six sectors, including electronics and pharmaceutical, in the first half of this financial year, a senior official said on Tuesday. This takes the total disbursement under the scheme to Rs 11,317 crore since its launch. The total outlay under the scheme
Companies in the fast-moving consumer goods (FMCG) and retail sectors are urging the government to stimulate consumption through tax slab revisions and demand-boosting measures in the upcoming Union Budget. Firms also highlighted the need for investment in digital infrastructure, skill development, and job creation to rebuild weak consumer confidence. Finance minister Nirmala Sitharaman is set
A recent survey by PwC reveals that nearly 9 out of 10 CEOs in India remain confident in the country’s economic growth, with a strong emphasis on expansion, including increasing headcount and continuing the rollout of Artificial Intelligence (AI) technologies. As global leaders gather in Davos under the theme “Collaboration in the Intelligent Age,” PwC’s
With HDFC Bank all set to announce its fiscal third quarter earnings on Wednesday (January 22), brokerage firms and analysts said that the banking major is expected to post 8.1-8.4 per cent growth in its Q3 Net Interest Income (NII). The NII range is seen between Rs 30,778 crore and Rs 30,887 crore. Experts said
Adani Energy Solutions Ltd (AESL) on Tuesday announced that it has won a Rs 25,000 crore Bhadla (Rajasthan) – Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order. In a regulatory filing, the Adani Group firm said that it is AESL’s largest order win till date. Post this, the company’s under execution order book reached
Real estate developer Macrotech Developers, which is helmed by Abhishek Lodha has approached the Bombay High Court asking to intervene and restrain the House of Abhinandan Lodha (HoABL), a company set up by his younger brother, Abhinandan Lodha, from using the brand name ‘Lodha’ in any form. The petition filed by Macrotech Developers pressed for
Go to Live UpdatesIndia Cements, Cyient DLM Q3 Results Live Updates: With the fiscal third quarter earnings season already in full swing now, majors including IT services companies like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors – Reliance Industries Ltd, Zomato, Paytm, Axis Bank, and a few
In a relief for Asset Reconstruction Companies (ARCs), the settlement of small-ticket bad loans of Rs 1 crore or less will now be easier. The Reserve Bank of India (RBI) on Monday said ARCs would no longer require an approval from an Independent Advisory Committee (IAC) to settle dues of borrowers with a principal outstanding
Citi has initiated coverage on Aadhar Housing Finance (AHFL) with a target price of Rs 565, this is an upside of over 42% from the closing price of January 15. The brokerage firm expects that the company will deliver a net profit growth of 22% over FY24-27. It is counting on a 21% compounded growth
Gold and silver prices are something many people keep an eye on, whether they’re buying jewelry, investing, or just curious about market trends. In India, these prices tend to change daily and are influenced by factors like global market movements, the strength of the rupee against the dollar, and demand during festivals and wedding seasons.
Go to Live UpdatesHDFC Bank Share Price Today Live Updates, 22 Jan, 2025: The HDFC Bank share is in news and the counter closed trade on 21 Jan, 2025 at Rs 1641.75. The shares touched intraday high of Rs 1660.45 in the last trading session while the intraday low was at Rs 1632.75. The company’s
Indian markets are likely to open on a higher note on Wednesday, January 22. As per the early trends, GIFT Nifty was trading 22.50 points or 0.10% higher at 23,139.50. This indicates a potentially positive opening for key domestic indices, including the NSE Nifty 50 and BSE Sensex. Sensex and Nifty end in red on
By Madhvendra There’s a company that plays a role in your everyday life, even if you’ve never heard its name. From helping you get a PAN card to enabling smooth digital transactions, it works quietly behind the scenes to power India’s digital infrastructure. In this note, we dive into Protean eGov Technologies—its business model, financial
