Cabinet gives in-principle nod to PLI in 10…

New Delhi: The Union Cabinet on Wednesday has given in-principle clearance to Production Linked Incentives (PLI) scheme for ten sectors including white goods, auto, auto components and battery manufacturing wherein sops worth Rs 1.47 lakh…

Chime is now worth $14.5 billion, surging past…

Chime CEO Chris BrittSource: ChimeThe fintech world has a new heavyweight.Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $ 14.5 billion, CNBC has learned…

SBI has distressed assets worth Rs 1.5 lakh…

The State Bank of India (SBI) has about Rs 1.5 lakh crore in distressed assets, according to Rajnish Kumar, chairman and managing director of the public lender. "We have the dubious distinction of having the…

U.S. tech stocks are now worth more than…

A sign thanking healthcare workers is displayed on the Nasdaq MarketSite in the Times Square neighborhood of New York, U.S., on Monday, April 6, 2020.Jeenah Moon | Bloomberg | Getty ImagesThe dominance of major U.S.…

24 proposals worth Rs 8,594 cr of stressed…

NEW DELHI: The finance ministry on Saturday said 24 proposals worth Rs 8,594 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh…