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Ashok Leyland partners CVRDE to develop engine for combat vehicles
Ashok Leyland, flagship of the Hinduja group and the largest supplier of Mobility Solutions to the Indian Army, has partnered with Combat Vehicles Research and Development Establishment (CVRDE), a premier establishment of DRDO, to develop and manufacture 600hp indigenous engine to power futuristic combat vehicles under AtmaNirbhar Bharat. Read more
Capex cycle likely to be back, but...
According to The Economic Times report, listed Indian corporates reported record reserves and surplus of Rs 66.04 trillion as of March 31, 2021, up 17 per cent from Rs 56.48 trillion as of March 31, 2020.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
Enable MSMEs to fight competition
The clamour for boycott of Chinese goods in India is growing due to the heightened tension at the Galwan border in Ladakh where 20 Indian soldiers were killed in action on the night of July 15. Read more