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With the NCLAT upholding the NCLT ruling, this has become the latest case where creditors have been forced to take substantial haircut in bankruptcy cases
PLI schemes across sectors attracted significant investments by December 2023, notably in pharma and solar industries. While some sectors thrived, others like IT hardware, auto, and textiles faced tepid interest, prompting a review for scheme improvements.
Get latest articles and stories on India at LatestLY. Production-linked incentive (PLI) schemes for 14 sectors have attracted over Rs 1.06 lakh crore investments till December 2023 with pharma and solar modules accounting for nearly half of the total, according to government data. India News | PLI Schemes Attract over Rs 1.06 Lakh Investment Till Dec; Pharma Sector Gets Major Chunk.
Sensex ended 195 pts higher at 72,500 and Nifty gained 31 points to close at 21,982.
Indian shares traded sharply higher on Friday after the Federal Reserve's preferred inflation gauge met consensus forecasts, helping ease concerns surrounding interest-rate cuts.