India is set to issue additional investment guidelines under the electric vehicle (EV) policy announced in March, a government official told The Economic Times. Applications from auto companies based in countries sharing a land border with India, such as China, will undergo "much more onerous scrutiny." However, companies already established in India will not need to create new subsidised.
Open Flip
As many as 70% of Nestle India's public shareholders and 57% of total shareholders have voted against the increase in royalty payment to the parent company. The resolution that was being considered included paying as much as 3.25% net of taxes of the net sales of the company's products to its parent company Societe des Produits Nestle SA. The same was to be paid in a staggered manner.
Open Flip
Shares of Sobha fell as much as 5 percent during the special trading session on May 18 after the real estate developer reported disappointing results for the quarter ended March 2024.The Bengaluru-based firm's net profit fell 85 percent on-year to Rs 7 crore for the March FY24 quarter, with subdued topline as well as operating numbers. Its revenue from operations, however, grew 37 percent YoY.
Open Flip
