The beneficiaries of RBI's repo rate cut are typically corporate and individual borrowers, but this time around the move is aimed at easing the pressure on the government. Auto component manufacturer Bosch said the Indian automobile industry may take up to six years to get back to peak volume levels of 2018-19. Jio Platforms Ltd announced its fifth stake sale deal to sell 2.32 per cent stake to private equity giant KKR for Rs 11,367 crore. Read for more top stories from the world of business and economy:
After the Rs 20 lakh crore Atma Nirbhar Bharat stimulus package largely ignored the auto industry, the sector is now expecting some relief by way of GST reduction and scrappage policy.
Jio Platforms Ltd (JPL) on Friday announced its fifth stake sale deal to sell 2.32 per cent stake to private equity giant KKR for Rs 11,367 crore.
The investors who were part of the suspended schemes at the time of sidepocketing will get their dues as and when recoveries are made in the segregated portfolio.
While there has been massive retrenchment across sectors, a large number of workers have complained of part-payment or non-payment of wages.