Business News

While presenting the Union Budget 2024-25 in Parliament today, the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman said the global economy, while performing better than expected, is still in the grip of policy uncertainties. Elevated asset prices, political uncertainties and shipping disruptions continue to pose significant downside …

A pilot study is being conducted to improve viability of 60 FPS across 4 cities i.e. Hyderabad, Ghaziabad, Jaipur and Ahmedabad. Govt of India under leadership of respective States is providing handholding assistance to these FPS shops by partnering with Small Industries Development Bank of India (SIDBI) for provision of …

The Ministry regularly receives suggestions from various stakeholders regarding Members of Parliament Local Area Development Scheme (MPLADS), including suggestions to increase MPLADS funds, which are examined as per due process. Statement showing the details of authorization released under MPLADS fund to the MPs of West Bengal in the 18thLok Sabha …

Ministry of Coal has decided to extend the deadline up to 31.07.2024 for submission of self-evaluation for star rating of Coal and Lignite mines for F.Y. 2023-24. The date has been extended from 15.07.2024 to ensure maximum participation and provide an opportunity for more mines to register and complete the …

The Competition Commission of India (CCI) has approved the proposed combination involving, inter alia, Amazon Asia-Pacific Holdings Private Limited (Amazon Asia-Pacific), Frontizo Business Services Private Limited (Frontizo), Appario Retail Private Limited (Appario), Haverl LLC (Haverl) and Clicktech Retail Private Limited (CRPL). The Proposed Combination involves the following transactions: Acquisition by …

The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. The proposed combination envisages the acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited (SGIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders. …

The Competition Commission of India (CCI) has approved acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited. Manipal Health Systems Private Limited (Acquirer-1) is a company resident in India engaged in the business of running/ managing hospitals and providing healthcare services. MEMG Family …

The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram LI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. The proposed combination envisages the acquisition of 16.12% shareholding in Shriram LI Holdings Private Limited (SLIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders. SLIH is …

The 2024-25 Union Budget has emphasized on a comprehensive roadmap towards achieving Viksit Bharat by focusing on critical sectors like agriculture, employment, skilling, and MSMEs. Key initiatives include promoting vegetable production through cooperatives and start-ups, releasing new high-yield crop varieties. Employment schemes aim to increase workforce participation, particularly among women, …

Ministry of Electronics & Information Technology (MeitY) has notified following Production Linked Incentive Schemes under the aegis of National Policy on Electronics (NPE), 2019: Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing notified on 01.04.2020. Production Linked Incentive Scheme (PLI) for IT Hardware notified on 03.03.2021. Further, PLI Scheme 2.0 for …