FAME subsidy violation: Two-wheeler EVs under fire for pricing breach
The ministry of heavy industries (MHI) is widening the scope of investigation into the alleged misappropriation of the FAME subsidy for electric vehicles (EVs). The ministry has asked some of the top players in the electric two-wheeler space to explain how the maximum ex-factory price cap was being breached. Read more
Finance cost weighs on India Inc's earnings in Q3; operating profit dips
After supporting India Inc’s profits for two-and-a-half years since the outbreak of Covid-19 at the end of the fourth quarter of financial year 2019-20