Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).
Broadcasting and digital companies are ready to join the country's biggest ever auction of sports rights next year.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Newly launched Vistara has a passenger load factor of 55% in the busy Delhi-Mumbai sector, compared with 80-85% in other airlines.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
India ranks 83, among 166 countries, in spending on mobile rates
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Officials say telco still keen on process.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
More companies with unconventional business models to get into messy legal hassles in India.
Govt expects to save Rs 10,000 crore through this move.
This was good enough for Fernandes to hire Chandilya to lead his India business.
States' demand for 5 years and Constitutional provision ruled out
It came down from $1.94 billion in 2009-10 to $1.17 billion the next year and to $1.11 billion in 2011-12.
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