Union Electronics and IT Minister Ashwini Vaishnaw emphasised that the projects are expected to reduce India’s electronics import bill by ₹18,000–20,000 crore annually, while enabling domestic value addition of up to 40 percent — on par with China’s current levels. In a significant move to strengthen India’s electronics manufacturing ecosystem, the government has approved seven…
Strong demand and solid external finances support rating; high debt and fiscal gaps remain key constraints, Fitch says Fitch Ratings on Monday affirmed India rating at BBB- with a stable outlook on the back of robust growth and solid external finances. The credit rating agency mentioned that the fiscal metrics are a credit weakness, with…
Tata Projects, the construction subsidiary of the Tata Group, is raising Rs 2,500 crore through a rights issue at a valuation of Rs 6,700 crore. According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.10. Shareholders participating in the issue include its largest…