Ahead of Budget 2026, real estate industry body NAREDCO on January 22 urged the government to revise the definition of affordable housing, recommending that homes priced up to ₹75–80 lakh be classified as affordable, instead of the current ₹45 lakh cap. The association also called on the government to promote rental housing by offering appropriate […]
Samvardhana Motherson International Ltd. (SAMIL) has secured government incentives to manufacture consumer electronics parts, in what can be seen as diversification by one of India’s auto components manufacturers. India’s Electronic Component Manufacturing Scheme incentivises the domestic production of PCBs, camera modules, and enclosures. (Bloomberg) Motherson Electronic Components Pvt. Ltd., a wholly owned unit, has secured […]
Ola Electric on Thursday said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to ₹366.78 crore under the production-linked incentive scheme. An Ola Electric scooter. (Bloomberg) The sanction pertains to the demand incentive for the determined sales value for FY 2024-25, and authorises a payment […]
Gold dipped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could weigh on demand in one of the world’s largest precious-metals markets. Gold prices are still up by more than 50% in 2025 as the fundamentals that pushed gold higher are expected to remain in place. […]
