Asset management companies (AMCs) will move to a shorter redemption payment cycle of T+2 for equity schemes from February 1.

An expert committee submitted its draft in October 2021.

The Indian government is mulling Rs 3500 crore production-linked incentive scheme for the toy industry. The government believes there is strong manufacturing and export potential in the Indian toy sector which could become a $3 billion industry soon. CNBC-TV18’s Daanish Anand is at the Toy City in Greater Noida near the National Capital which is a house for a lot of toy factories to gauge the mood of toy manufacturers ahead of the Budget.

The massive surge in sales was driven by a strong interest among the buyers for its SUVs and sports cars, with a 69 per cent growth in the sales of SUV models, Porsche India said in a statement.