As per the rules of the scheme, incentives were allowed to make electric vehicles by using made in India components, but in the investigation it was found that these seven firms have used imported components.
In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory while Hong Kong ended lower.
Kurlon Enterprises Ltd was established in 1962 as Karnataka Coir Products, part of the South India-based Pai family business group, and is currently headed by Jyothi Pradhan
Gift Nifty index recorded an all-time high single day trading activity of 38.63 lakh contracts with a turnover of USD 15.25 billion (about Rs 1.27 lakh crore) on Tuesday.
Of the total resources mobilized, equity and debt segments accounted for Rs 9.2 lakh crore of capital formation, SEBI said in its annual report for 2022-23, released on Monday.
RBI has proposed to launch “conversational payments” on UPI so that users can engage in conversation with an AI-powered system to initiate and complete transactions. The facility will initially be available in Hindi and English.
Tax will not be levied on credit card spending abroad
The decision by the ministry comes in the backdrop of estimated fall in sugar production in 2023-24 marketing year (October-September).
IKEA is not alone in generating a healthy F&B revenue stream, which is now an appetising non-core diversification for companies across various non-food sectors, including airlines, cinemas and theme park operators.
Once the merger is complete, Singapore Airlines (SIA) will have a 25.1 per cent stake in Air India