India approves incentives for autos, reduction measures for telecoms sector-source


Visitors strikes on a smoggy morning in New Delhi, India, October 23, 2020. REUTERS/Danish Siddiqui/File Photograph

NEW DELHI, Sept 15 (Reuters) – India’s federal cupboard on Wednesday permitted a production-linked incentive scheme for the auto sector and in addition to a much-expected reduction package deal for the cash-strapped telecoms sector, a senior authorities supply stated.

Shares in wi-fi carriers Bharti Airtel and Vodafone Concept have been up greater than 3% at 0745 GMT on the information.

Reporting by Aftan Ahmed; Enhancing by Andrew Heavens

Our Requirements: The Thomson Reuters Belief Ideas.

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