Industrial units will be called Development of Enterprise and Service Hubs (DESH) that may be allowed to sell in the domestic market, and contract manufacture for those outside these zones as well.
Coal India Ltd has shortened the validity of price bids in its first-ever coal import tenders from 90 days to 60 days after prospective suppliers cited market volatility to seek several changes.
HDFC Bank proposes to double its network of branches in the next three to five years by adding 1,500 to 2,000 branches annually, which would akin to adding a new HDFC Bank every five years, said its managing director and CEO Sashidhar Jagdishan.
"In many cases, notices were slapped, and exemptions were deleted even where tax law clearly allowed it," an official familiar with the development told ET. "All commissionerates have been communicated about it."
The Securities and Exchange Board of India (Sebi) on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook's $5.7 billion investment in its digital unit in 2020.
The two sides revived the talks on June 17 after a gap of more than eight years for agreements on trade, investments and geographical indications (GI). A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
The department of telecom has launched an incentive scheme for design-led manufacturers and extended the duration of the Rs 12,195 crore production-linked incentive (PLI) scheme by a year, an official statement said on Monday.
The finance ministry on Monday held a meeting with heads of public sector banks (PSBs) to review their annual performance and progress made by them on various government schemes.