The government on Wednesday approved a Rs 7,350-crore scheme to boost production of laptops, tablets, all-in-one PCs and servers in the country, as it sought to woo global and domestic players to take advantage of India's manufacturing prowess. Production worth Rs 3.26 lakh crore and exports of Rs 2.45 lakh crore are estimated over the next four years under the new scheme, which is expected to create 1.80 lakh jobs. Briefing reporters after a meeting of the Cabinet, Communications and IT Minister Ravi Shankar Prasad said the Production Linked Incentive (PLI) scheme has been approved for IT hardware products that would cover laptops, tablets, all-in-one PCs and servers.
According to the health ministry, Maharashtra is the worst-hit state with regard to the number of COVID-19 cases with 27,524 cases of which, 6,059 patients have been cured/discharged and 1,019 succumbing to the virus.
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
The railway minister said the target of 700 km of new lines in the current year (2012-13) had to be scaled down to 470 km due to inadequate resources.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Delhi recorded 954 cases on Monday, according to a health department bulletin. The bulletin said the number of tests conducted too was the lowest in July.
Inflation rose to 4.86 per cent in June, driven mainly by rising prices of food articles, especially vegetables including onion.
According to the company's business plan for 2013, the company said its plant at Chennai is projected to have a wholesale volume of 6,33,000 units as compared to 6,41,000 units clocked last year, a decline of 1.3 per cent.
Sania Mirza and her partner Bethanie Mattek-Sands had a superb start to the season as they lifted the WTA Brisbane International trophy.
Maharashtra, Tamil Nadu, Karnataka, Delhi, Telangana, UP and Andhra Pradesh contribute to around 75 per cent of the new cases, according to the Union health ministry data.
The number of deals announced in the month were the highest ever at 102 for any month, compared to 75 in the same period last year and 92 deals in March.
This is the highest inflow in the past six months.
The smartphone category as a whole was expected to spend around Rs 1,000 crore on marketing and promotional activities over the next six months, even as India unlocks gradually, said media industry experts. This spending is expected to come down, as firms temper their launches.
A higher opening in Europe helped the index recover from steep early losses.
Gold prices plunged to over ten months low by losing Rs 505 to Rs 29,470 per ten gram in the national capital on Thursday on frantic selling by stockists amid restricted buying, driven by a steep fall in overseas markets.
The G-20 leaders under the chairmanship of Saudi Arabia's King Salman held an extraordinary video conference in which they resolved to use all available policy tools to minimise the economic and social damage from the pandemic that has killed over 21,000 people and infected more than 470,000 globally.
India's tally is now at 2,97,535, while the death toll is at 8,498.
With the gradual opening up of shops, hotels, restaurants and catering services with limited number of participants, milk consumption has improved by 5-10 per cent from the lowest level.
For the first nine months of the current financial year, net sales rose by close to 37 per cent to Rs 1,470 crore (Rs 14.7 billion( over the previous corresponding period, while operating profit increased by another 37 per cent to Rs 322 crore (Rs 3.22 billion).
people who have slept for fewer than seven of the past 24 hours have higher odds of being involved in car crashes.
Pure gold of 99.9 per cent purity gained by Rs 120 per 10 gm to close at Rs 30,470 from Rs 30,350.
Banks have Rs 32,961 crore (Rs 329.61 billion) of securities against which loans were given, data given by Finance Minister P Chidambaram in the Lok Sabha showed.
India's first prime minister, Jawaharlal Nehru called public sector units 'the temples of modern India'.
There were twists, turns and a back flip at the World indoor championships on Sunday but no World records, despite pole vault winner Yelena Isinbayeva's best efforts.
Sector-wise, the study revealed that the core industries have witnessed virtually negative growth in headcount, with crude oil just about maintaining the employment level.
Minister of State for Railways Bharatsinh Solanki said during Question Hour that against the demand of about Rs 47,000 crore (Rs 470 billion), the gross budgetary support for 2012-13 is only Rs 24,000 crore (Rs 240 billion).
The states and UTs having a recovery rate higher than the national average include Ladakh (85.45 per cent), Delhi (79.98 per cent), Uttarakhand (78.77 per cent), Chhattisgarh (77.68 per cent), Himachal Pradesh (76.59 per cent), Haryana (75.25 per cent), Chandigarh (74.6 per cent), Rajasthan (74.22 per cent), Madhya Pradesh (73.03 per cent) and Gujarat (69.73 per cent).
The central probe agency had on Friday carried out a fresh round of searches in connection with the case, they said.
The 50-share Nifty scaled a high of 10,207.90 intra-day but succumbed to profit-booking to finish at 10,184.15, up 53.50 points
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
NASA's Pluto experts have revealed new high resolution close up images of the surface of Pluto -- and admit they are stunned by the planet.
Australian Prime Minister Julia Gillard will get more salary than United States President Barack Obama and the United Kingdom Prime Minister David Cameron, as the country's Remuneration Tribunal has decided in favour of increasing the wage of the members of Parliament.
Besides the dairy business, the transaction also involves sale of 100 per cent shareholding in Sunfresh Agro Industries, a step-downsubsidiary of Prabhat, via a share purchase agreement, the company said.
RIL, which had over 1,470 retail outlets, is said to be running only 350 of those at present.
Shakib Al Hasan became the first Bangladeshi to hit a century and take five wickets in an innings in the same Test but his efforts look like being in a losing cause after Pakistan seized control of the second Test. All-rounder Shakib followed his first-innings 144 with the bat by snapping up six for 82 with the ball as the hosts bowled out Pakistan, already 1-0 up in the two-match series, for 470 on the fourth day on Tuesday.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
Russia's men clinched their first-ever team title at the gymnastics World Championships on Wednesday, edging China in a tight contest in Stuttgart to avenge their 2018 defeat.
L&T operates in 152 businesses, including nuclear reactors, power generation equipment, airports, oil & gas pipelines, roads, computer software and financial services.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
The airline had raised Rs 700 crore from the debt market through a non-convertible debenture issue and the same was up for interest payment or redemption on Thursday.
