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Seven electric two-wheeler companies in India have collectively lost over Rs 9,000 crore ($1.2bn) in unpaid dues and market loss after their subsidies were stopped last year, according to the Society of Manufacturers of Electric Vehicles (SMEV). The Indian government has told the companies to refund the subsidies availed by them. The companies may have to absorb unpaid dues, interest, debt, loss of market share, reputational loss and the cost of capital along with potential recapitalisation. ....
Pioneer Municipal High Income Fund, Inc. (NYSE:MHI – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 43,100 shares, an increase of 106.2% from the June 30th total of 20,900 shares. Based on an average trading volume of 74,400 shares, […] ....
India is considering the Production Linked Incentive (PLI) scheme for chemicals and petrochemical sector, said union finance minister Nirmala Sitharaman on Thursday. Sitharaman also said that the country has set its sight on becoming energy independent by 2047 and achieving net zero by 2070. ....
The government on Thursday announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell manufacturing India s Rs 18,100-crore programme to boost local battery cell production. The Ministry of Heavy Industries (MHI) will facilitate a stakeholder consultation with industry representatives on July 24, 2023 for their inputs and suggestions before the start of the re-bidding process of remaining 20 GWh capacity. ....