Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz

The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. More on this in our top headlines.

The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. Axis Bank on Wednesday announced that for Rs 12,325 crore, it will purchase US's Citigroup Indian consumer banking business. More on these in our top headlines:

Govt to undertake a two-stage review of PLI scheme

The government will undertake a two-stage review of the production-linked incentive (PLI) scheme, where its progress and implementation across various sectors will be discussed. This will be followed by utilisation of unused funds and the possibility of reallocation to the government department and ministries