Posts tagged Rediff
Tata Motors shifts into high gear with JLR at wheel (12-02-2024)
The Street's optimism on India's largest listed automotive maker by market capitalisation is not misplaced, given the robust wholesale performance in recent months and the strong 2023-24 (FY24) October-December (Q3) results.
Rs 1.97 trn PLI scheme: How much has the govt spent? (12-02-2024)
Of the Rs 1.97 trillion that the government intends to spend on all 14 production-linked incentive (PLI) schemes, around Rs 41,000 crore remains unutilised as of now, according to a senior government official. This means that 80 per cent of the total allocated amount, or Rs 1.56 trillion, will be used to pay incentives to companies eligible to claim benefits over the next few years. The unutilised amount/savings result from undersubscription, lukewarm responses in the case of schemes such as textile, as well as a reduction in the allocation of schemes.
Govt nearly doubles PLI share of 5 key industries (12-02-2024)
In a big push to the production-linked incentive (PLI) scheme, the government has nearly doubled (increase of 81 per cent) the allocation in five key industry segments from Rs 8,405 crore in the Revised Estimate of FY24 to Rs 15,198 crore in the Interim Budget for FY25. The segments cover over eight PLI schemes, including mobile phones, IT hardware, pharma (PLIs for medical devices, intermediates and pharmaceuticals), food processing, telecom hardware and, auto and auto components. In FY24, DPIIT officials, however, said that the disbursements would be much higher at around Rs 11,000 crore than what has been budgeted for the year.
Is There Time For A Reset For Paytm? (12-02-2024)
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
‘I have no sympathy for Byju’s’ (12-02-2024)
'What has happened at Byju's is no surprise to anyone.'
Paytm assured of service continuity without disruption (11-02-2024)
Fintech firm One97 Communications, which owns the Paytm brand, has received support from merchants, and it assured them of continuity of services without any disruption, the company said in a blog on Sunday. The blog post came amid the recent crisis around Paytm Payments Bank Limited (PPBL), an associate company of Paytm, which has been barred by the RBI from accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
Factors that will drive the markets this week (11-02-2024)
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
‘NPA recoveries has helped to reduce credit cost’ (11-02-2024)
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
‘We expect the losses to be lower from UK’ (10-02-2024)
'The UK is more of a structural problem, and that's why we're doing the restructuring.'
Forex reserves jump to $622.47 billion (09-02-2024)
India's forex reserves jumped by $5.74 billion to $622.47 billion for the week ended February 2, the Reserve Bank said on Friday. In the previous week, the overall reserves had increased by $591 million to $616.73 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.