India to expand Public Electric Vehicle Charging Infrastructure across the nation
NEW DELHI: The Ministry of Power recently issued the revised consolidated Guidelines and Standards for EV charging infrastructure on January 14, 2022. The Government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in the country. With the considerable expansion in the public EV charging infrastructure, the electric vehicles […]
India UAE CEPA to create a minimum of 10 lakh jobs for Indian citizens
NEW DELHI: The Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has termed the India UAE Comprehensive Economic Partnership Agreement (CEPA) is extremely beneficial for MSMEs, startups, farmers, traders and all sections of businesses. Addressing a press conference in Mumbai, the Minister asserted that the CEPA is […]
Godrej Properties commits $700-900 million investment in last 3 years; remains bullish on growth
NEW DELHI: Realty firm Godrej Properties Ltd has committed investments worth $700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said. Addressing a CII-Anarock conference, Godrej Properties Ltd (GPL) MD and CEO Mohit Malhotra said the company is looking to form […]
HFCs’ bad loans jump by 70 bps following new asset quality norms: Report
NEW DELHI: Since the introduction of new asset quality norms last November that brought in shadow banks and housing financiers on par with banks, housing finance companies’ gross bad loans have gone up by 70 basis points (bps) even as their portfolio quality has improved, according to a report. The bad loan pile is expected […]