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Ola Electric secures Rs 367 crore PLI-Auto incentive for FY25The sanction pertains to the demand incentive for the determined sales value for FY 2024-25, and authorises a payment of Rs 366.78 crore to...- Ola Electric receives letter from IFCI for missing out on PLI milestonesOla Electric's subsidiary missed targets under the PLI ACC scheme, as mentioned in a letter from IFCI Ltd. Despite the setback, an Ola spok...
- Volkswagen, Hyundai, and Toyota await India's new EV policy guidelines, likely to applyVolkswagen, Hyundai, and Toyota may soon apply for India's new electric vehicle policy. The policy allows for importing high-end EVs at low...
- IFCI gets binding bid from ACRE for Barwa Adda debtCurrently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) othe...
- IL&FS moves NCLAT over consent delays for transfer of assets to InvITUnder the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the...
- Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBIThe fresh valuations showed that diamonds were of low quality lab prepared chemical vapour diamonds and other inferior colour stones and no...
- Nabard, Sidbi, IFCI to take a hit from Srei troublesIFCI is a lender to the core sector and infrastructure finance companies. Nabard is the refinance bank for the country's agriculture needs,...
- HC thwarts Reliance naval’s attempt to avert insolvencyThe financier had filed two insolvency petitions against Reliance Naval and its subsidiary
- Bombay High Court quashes sale of Park Hyatt in Goa to ITCEarlier, Kolkata-based tobacco to hotel conglomerate emerged as the highest bidder of the property in February last year with an offer of R...
- Actis, FTIL and IFCI plan to sell NSE sharesAmong other investors of the National Stock Exchange (NSE), public sector entities IFCI and IDBI Bank are also looking to further dilute th...
- IFCI invokes one lakh shares of Bhushan SteelFinancial institution IFCI has invoked one lakh shares of Bhushan Steel that were pledged by the debt-ridden company's promoter Neeraj Sing...
- No paralysis here: IFCI board room turns boxing ring, CCO Tomar lands blows on V-P AroraLate last week, an argument between the chief credit officer of the company and one of its vice-presidents degenerated into a fistfight.
- PE firm Blackstone may buy LIC stake in SHCILBlackstone is invested in cos such as Moser Baer Energy, NSL Seeds, Monnet, CMS Computers, etc. Its investments through the PE route stands...
- Gujarat Congress demands removal of top executive of Ahmedabad metro projectGujarat Congress demanded removal of top executive of Gandhinagar-Ahmedabad Metro Rail Project Sanjay Gupta, saying he was declared as "def...
- Over dozen corporates, PSUs queue up for banking licencesPFC Chairman and MD, Satnam Singh has said the company would seek approval for entering into banking space in the next board meeting.
- ICICI Bank swings into action on Deccan Chronicle Holdings exposureICICI Bank,the nation's largest private sector lender has moved the Debt Recovery Tribunal, New Delhi regarding its exposure of Rs 490 cror...
- Surya Pharmaceutical scrip tanks as IFCI invokes pledged sharesSurya Pharmaceutical, a Rs 1,650-crore mid-sized company, has become a victim of promoters' indebtedness.
- Govt likely to convert Rs 523-cr debentures in IFCIThe government is exploring the possibility of converting its zero-coupon optionally convertible debentures worth Rs 523 crore in IFCI.
- Newbridge withdraws from IFCI stake sale processThe US-based private equity fund Newbridge Capital has opted out of the race to acquire strategic stake in the country's oldest financial i...
- Carlsberg, Khetan in talks to buy HP breweryThe beer giant along with Khetan Group, a business conglomerate of Indian origin partnering the former in Nepal, is in dialogue for a possi...
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