Production Linked Incentive (PLI) scheme of the government of India is one of the most ambitious schemes sponsored by the central government to boost domestic production, enhance self-sufficiency and to also eventually emerge as a production base whe

Reliance Industries, which is in the midst of a massive green energy thrust, has raised $736 million green loan. The purpose of this loan is to bankroll its acquisition of REC Solar Holdings, the Norwegian manufacturer of solar panels. The loan of

The last few days have seen rather challenging times for the ADAG group. Earlier in the week, the RBI superseded the board of Reliance Capital and took over the management of the company. RBI was of the view that Reliance Capital posed a systemic ris

Fairfax Group, owned by the Canadian billionaire Prem Watsa, has sold 3.2% stake in IIFL Finance. IIFL Finance is the arm of the IIFL group which looks after lending and other fund based activities of the group. The sale was made at a total val

Close to 2 years after the proposed deal between Airtel and Dish TV fell through over valuation differences, the deal appears to be back in the reckoning. As per market reports, Bharti Airtel is in early talks to acquire a majority stake in Dish TV.

Indian auto sector has been under pressure over the last couple of months due to a shortage of microchips and supply chain constraints hitting output. Most auto companies have been forced to cut production. The pressure continued in the month of Nov-

The annualized GDP growth for the Sep-21 quarter was announced, as usual, on the last working day of November. The real GDP growth came in line with Reuters poll of economists at 8.4%. This is the third consecutive quarter of positive growth in GD

The flagship steel manufacturing company of the Tata group, Tata Steel, is planning to enhance its production of iron ore by 50%. It plans to raise the iron ore output from the current 30 million tonnes per annum (MTPA) to 45 MTPA. Iron ore is an

The Securities and Exchange Board of India (SEBI), has just released a consultative paper suggesting some key changes to the preferential allotment of shares, warrants and convertibles to promoters and key investors. Preferential allotments allow

It was a day of market panic as the Dow cracked 1,000 points and most of the European markets fell 2-3%. But the biggest casualty was crude oil as it fell 10-12% in response to the B.1.1.529 variant of the COVID virus. Oil is most vulnerable to

Bharat Electronics has secured a highly prestigious order from Dronedek of the US. Dronedek is the brain behind the smart mailbox strategy. This is a feature rich mailbox that is also secure and can accept delivery from robotic delivery as well as

Tata Mutual Fund has just filed with SEBI for a Tata Semiconductor Fund of Funds. A fund of funds or FOF is a feeder fund that will invest in semiconductor stocks in other countries. In this case, the Tata Semiconductor FOF will invest in global s