30 units start production under the PLI Scheme for textiles

[ad_1] As many as 30 textile and apparel units set up under the Production Linked Incentive (PLI) scheme have commenced production. According the Union Ministry of Textiles, of the 74 applications selected for the scheme that was notified on September 24, 2021, 40 have started investing, 22 have achieved the prescribed threshold level and 30 […]

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Apple’s tariff-fueled iPhone sales surge raises doubts about sustainability

[ad_1] Apple’s best revenue growth in three years failed to impress, with shares down about 1% in volatile trading on Friday, as investors questioned whether a tariff-driven surge in iPhone sales would last. ARTICLE CONTINUES BELOW VIDEO A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China subsidies and upbeat […]

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 Beware of price discounts!

[ad_1] Buying household supplies and lifestyle products at a discount improves emotional and financial wellbeing. Investments are different. Image by d3images on Freepik There is a fundamental difference between buying products for personal consumption and investment products. Yet, most prefer discounted prices for both — more the discount, greater the emotional satisfaction. Here, we discuss […]

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NABARD to lend ₹10,000 cr in FY26 for green projects

[ad_1] The National Bank for Agriculture and Rural Development (NABARD) plans to lend about ₹10,000 crore this year as part of its Green Lending Facility. Deputy Managing Director Ajay Kumar Sood said NABARD launched the facility in FY25 to fund projects of Central and State governments, government agencies and private entities aimed at meeting sustainable […]

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South Africa’s Sanlam invests in Shriram AMC, becomes co-promoter

[ad_1] The logo of Sanlam, South Africa’s largest asset manager. | Photo Credit: Reuters Shriram Asset Management Company Limited (Shriram AMC), part of the Shriram Group, has announced that Sanlam, South Africa’s largest asset manager with $80 billion has now become its co-promoter. Shriram AMC said it has completed a preferential allotment of 38.89 lakh equity shares to […]

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RCap resolution | NCLAT allows lenders’ plea for another round of bidding

[ad_1] The National Company Law Appellate Tribunal (NCLAT) on March 2, 2023 allowed a petition filed by lenders of Reliance Capital, seeking another round of auction for the debt-ridden firm undergoing insolvency proceedings. A two-member Bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate […]

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A.P. has good potential to attract investments in tourism sector, says official

[ad_1] Andhra Pradesh is the third most popular tourist destination for domestic travellers attracting 14% of national footfalls. It reported 93.2 million domestic tourist visits in the year 2021, despite the impact of COVID-19 pandemic.  “A.P. has emerged as the third most visited State and most visited for religious tourism in the country and offers […]

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Telangana life sciences industry could cross ₹ 50 lakh crore if there’s no corruption: Bandi Sanjay

[ad_1] Bharatiya Janata Party Telangana State president Bandi Sanjay Kumar ridiculed the claim of Telangana Industries Minister K.T. Rama Rao that the value of life sciences industry in Hyderabad would go up to US$ 250 billion (₹ 20 lakh crore) by 2030 and said it would be much more if the corrupt practices of KCR […]

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