State-run banks and financial institutions have proposed changes to the priority sector lending (PSL) framework that would bring electric vehicles (EVs), charging and battery-swapping infrastructure, and climate-transition projects...
The next chair of Tata Sons, after incumbent N. Chandrasekaran steps down on 20 February 2027, will inherit a hard nut to crack: managing nearly $10 billion in bank debt built up by four new-age, loss-making businesses. Air India, Tata...
India’s IT ministry, which formally notified its ₹62,500-crore Mobile Phone Manufacturing Scheme (MPMS) on 21 August, has proposed to offer incentives to build a homegrown smartphone brand. Is a major homegrown phone feasible in the country...
On Monday, India’s government released quarterly producer price index (PPI) data for the services sector. This helps fill a gap in inflation measurement. While the wholesale price index is only for goods and many services are included in the...
Yes. Noida-headquartered Lava continues to sell a slim line of smartphones of its own, though key concerns remain about domestic patents for design—achieved through R&D. Micromax, Karbonn and Xolo, which combined with Lava had a market share...
Mark to Market | Welspun rally hides real risks
MPMS states that an Indian brand should be a company registered in India, have at least 51% ownership with Indian citizens, hold all patents and trademarks within India’s borders, have functioning research and development (R&D) and design...
Yes. Between 2013 and 2021, when India’s smartphone market grew 21% annually, brands had ample room to enter and experiment. A large pool of first-time buyers made it easier for brands. This doesn’t hold today. Over 13 years, brands such as Vivo,...
India mentions ‘non-fiscal support’ as a factor—one that union IT minister didn’t elucidate on 21 August: stating instead that such factors will evolve as applicants develop their plans. An “empowered committee”, chaired by IT secretary,...
