In this issue

March 06, 2023

₹7,000-cr PLI boost for toys, bicycle components soon

The government has finalised two new production-linked incentive (PLI) schemes worth over ₹7,000 crore to give impetus to domestic manufacturing of items, such as toys and bicycle components.

1 min

Fitment panel to examine paan masala cess structure

The fitment panel, comprising revenue officials of both the Centre and states, will examine the tax structure for the compensation cess on evasion-prone commodities, such as paan masala and assorted tobacco products, and whether differential tax rates may well be rationalised, a government official told Business Standard.

2 mins

Essar returns to steel biz with $8-bn investment

Setting up steel plant in Saudi, an iron pellet plant each in Odisha, US

2 mins

Flex work: A future with a past history at Infosys

At a time when companies are trying to get employees to office, India's second-largest information technology (IT) services firm has said that a flexible work model will be a key focus for the firm.

1 min

Private consumption picks up pace as inflation cools

Sector optimistic on times ahead as govt's mega capex drive kicks in

2 mins

Ola, Uber may book ride to court over ban on bike service in Delhi

Ride hailing aggregators, and the bike taxi drivers enrolled with them, are planning to go to court within a week for a stay on the Delhi government's recent order banning their services.

2 mins

Cloud over AGEL plans bad news for India's RE future

Adani firm has plans to build 10% of India's targeted RE capacity by 2030

3 mins

Had meeting with Adanis, happy about it: LIC chief

Confirming a meeting with the top management of the Adani Group, Life Insurance Corporation Chairman M R Kumar said on Sunday that the interaction had gone well.

1 min

Growth booster nano-DAP's production may kickoffin Paradeep soon

Fertiliser major Iffco is likely to start producing nano-di ammonia phosphate (DAP) at its Paradeep plant in Odisha in the next few months and proceed to other units, sources said.

2 mins

Shift to multiple-price auctions of govt debt, bond traders urge RBI

At a recent meeting with senior officials of the Reserve Bank of India (RBI), participants in the government bond market suggested that the central bank shift back to the multiple-price method for primary auctions of sovereign debt, sources told Business Standard.

2 mins

80% of FAME scheme outlay for e2Ws disbursed so far

The Centre's flagship electric vehicles (EV) promotion scheme - Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) has so far disbursed subsidies to around 80 per cent electric two-wheelers of the set target under the scheme.

1 min

Coastal shipping of coal may soon become cheaper

Plan aimed at raising coal dispatch during peak-demand summer months

3 mins

Said, unsaid promises set the stage for K'taka polls

The state has been the gateway to the South for the BJP. Aditi Phadnis discusses elements of electoral strategy that could breathe new life into a weary state of affairs

3 mins

GDP growth target set at 5%, lowest in over 25 years

China on Sunday set a five per cent growth target for 2023 as the country's rubber-stamp Parliament commenced its annual session which also heralded a new era for Xi Jinping's presidency as he began an unprecedented third five-year term.

1 min

Can't get my money out of China, India better investment option, says Mobius

Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls, cautioning investors to be \"very, very careful'about investing in an economy under a tight government grip.

1 min

China defence budget raised by 7.2%, 3 times India's, one-third of America

Actual defence spending during the year will rise to $225 billion, a single-digit budget increase for the eighth consecutive year

2 mins

The roots of global success

Ajay Banga leading the World Bank makes us think once again about what is making Indians popular in decision-making positions

4 mins

A sugar rush for emissions

Rising compliance with ethanol-spiked fuels in vehicles could be a win-win situation all round

4 mins

Pathaan Nets ₹1,028 Cr Worldwide, Claims No. 1 Hindi Film Tag In India

Superstar Shah Rukh Khan's Pathaan has become the alltime number one Hindi film in India by raising ₹1,028 crore worldwide since its January release in January, said Yash Raj Films (YRF).

1 min

Improving outlook, upgrades to keep wheels turning for auto cos

In addition to volumes, margins, too, are expected to expand

3 mins

Read all stories from Business Standard

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