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Govt Eases Conditions for Specialty Steel PLI

Financial Express Mumbai

|

January 07, 2025

The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.

Govt Eases Conditions for Specialty Steel PLI

Steel and heavy industries minister H D Kumaraswamy launched the scheme at an event at Vigyan Bhavan in New Delhi.

FLERE HISTORIER FRA Financial Express Mumbai

Financial Express Mumbai

Ambuja profit declines 91%, revenue rises

ADANI GROUP FIRM Ambuja Cements’ net profit attributable to the owners dipped 90.6% year-on-year to ₹204 crore in the third quarter of FY26.

time to read

1 min

January 31, 2026

Financial Express Mumbai

PN 3 relaxation may clear FDI route for funds with minority China stake

THE GOVERNMENT IS considering a proposal to exempt foreign funds with Chinese investments below a specified threshold from the elaborate scrutiny mandated under Press Note 3 (PN3), Commerce and Industry Minister Piyush Goyal told FE on Friday.

time to read

2 mins

January 31, 2026

Financial Express Mumbai

Futuristic driving meets Indian reality

CAN THIS MINIMALIST MASTERPIECE SURVIVE MAXIMALIST, CHAOTIC INDIAN ROADS?

time to read

2 mins

January 31, 2026

Financial Express Mumbai

Union, Bol may merge by year-end

THE INITIAL MERGER process between Union Bank of India and Bank of India (Bol) seems to have begun, according to sources familiar with the matter.

time to read

1 mins

January 31, 2026

Financial Express Mumbai

Ola to fire over 500 employees

OLA ELECTRIC ON Friday announced that it will lay off 5% of its workforce as part of a restructuring exercise, less than a year after it let go of over 1,000 employees and contract workers in a similar drive aimed at improving profitability.

time to read

1 min

January 31, 2026

Financial Express Mumbai

Precious metals stumble after sky-high rally

Silver tanks 17%, gold faces steepest fall since 2013

time to read

2 mins

January 31, 2026

Financial Express Mumbai

Meesho Q3 loss widens to ₹491 cr

E-COMMERCE UNICORN Meesho reported a significantly wider loss in its first quarterly results post IPO, as the company increased investments in its logistics arms Valmo and overall user growth, which ate into its margins.Net loss for the third quarter of FY26 was ₹490.7 crore, compared to a loss of ₹37.4 crore in the year-ago quarter.

time to read

2 mins

January 31, 2026

Financial Express Mumbai

PSBs beat pvt peers in profit race

ASHARPER FOCUS on secured retail assets-particularly housing and vehicle loans - and limited exposure to unsecured segments such as microfinance, credit cards, and personal loans, and the early transmission of repo rate cuts that helped reprice deposits faster have collectively enabled public sector banks (PSBS) to outperform private banks in the December 2025 quarter (Q3FY26).

time to read

2 mins

January 31, 2026

Financial Express Mumbai

Kevin Warsh, a Fed critic, is poised to lead it

US PRESIDENT DONALD TRUMP on Friday chose former Federal Reserve Governor Kevin Warsh to head the US central bank when Jerome Powell's leadership term ends in May, giving a frequent Fed critic a chance to put his idea of monetary policy “regime change” into practice at a moment when the White House has pushed for more control over the setting of interest rates.

time to read

3 mins

January 31, 2026

Financial Express Mumbai

NSE gets Sebi nod for IPO after 10-yr wait

THE SECURITIES AND Exchange Board of India (Sebi) on Friday granted a no-objection certificate (NOC) to the National Stock Exchange (NSE) for its initial public offering (IPO), paving the way for the country’s biggest exchange to get listed.

time to read

2 mins

January 31, 2026

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