The heavy industries ministry has launched a probe into alleged violation of localisation norms mandated under the Faster Adoption and Manufacturing of Electric and hybrid vehicles (FAME) scheme by EV makers. While multiple companies have come under the scanner, subsidies for Hero Electric and Okinawa show “expired” status on the FAME website.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries