The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification. The PLI scheme, which covers both automakers and component makers, was designed to stimulate production in advanced automotive and EV sectors by providing financial incentives …
Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current …
Larsen and Toubro Ltd expects its information technology services business to more than double to ₹73,980 crore in revenue by the end of March 2026, and the share of the high-margin business to jump from a fifth of total revenue now to 27%. Mumbai-headquartered L&T, the country’s largest engineering and construction company, outlined this sanguine outlook for the technology services …
The covid-19 pandemic disrupted the finances of India’s states in the ongoing fiscal year. While most states could return to pre-pandemic output levels next year, their fiscal indicators are likely to remain strained for much longer, projections by the 15th Finance Commission show. Moreover, this was the first time a Finance Commission used 2011 population data instead of 1971 data …
