IFC doubles bet on India
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🗞️ IFC to double India investments in 5 years
The International Finance Corporation (IFC) plans to double investments in India over the next five years, focusing on climate projects, digital infrastructure, and inclusive growth.
💬 Expert Take — Makhtar Diop, IFC MD: “India is central to IFC’s global strategy, especially in green energy and sustainable growth opportunities.”
🗞️ India urged to build sovereign digital solutions
The GTRI report suggested India should reduce reliance on U.S.-based payment and digital systems by developing its own sovereign platforms to ensure data security and resilience.
🗞️ Govt reopens PLI scheme for white goods
The government has reopened applications for the Production Linked Incentive (PLI) scheme for white goods like ACs and LEDs, citing growing domestic and export market demand.
🗞️ HUL cuts product prices post GST rejig
Hindustan Unilever reduced prices of key products such as Dove shampoo, Lux soap, and Bru coffee after GST adjustments, aiming to boost consumer demand and FMCG volumes.
🗞️ Urban Company IPO allotment status soon
The Urban Company IPO allotment status will be finalized shortly. Grey Market Premium (GMP) indicates strong listing gains, keeping retail investor interest high.
🗞️ Govt unveils 20-year tax holiday for data centres
India announced a 20-year tax holiday and GST credit policy for data centres, part of its new data centre policy aimed at attracting global cloud and storage investments.
🗞️ Tata Technologies acquires German firm ES Tech
Tata Technologies will acquire Germany’s ES Tech GmbH for $75 million to expand its engineering and digital solutions capabilities in the European automotive sector.
🗞️ FM: GST regime benefits states & citizens
Finance Minister Nirmala Sitharaman said the GST regime has benefited both citizens and state governments, ensuring stable revenues and transparent taxation.