Business Updates

The government will offer production-linked incentives to 10 sectors including automobile, solar panel and specialty-steel makers over a five-year period. Textile units, food processing plants and specialized pharmaceutical product makers are also eligible for the incentives.

Reliance Industries Limited (RIL) announced on Thursday that it has entered into a definitive agreement for making capital contribution of up to $50 million in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, the US.