Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
It's not every day that an undergraduate from India wins a scholarship to study at one of the prestigious universities in the world.
International brands such as Daikin, Hitachi and Samsung, which were largely present in the premium products range, are getting aggressive on expanding their mid-range portfolios to penetrate into smaller cities and towns. While competition isn't hurting Voltas just yet, which has managed to retain its market share at 24.4 per cent as of September 30 (Q2), the main question is whether the company can defend its market share without compromising on profitability.
30 companies belonging to the Tata group are listed and have a combined market cap of 478,659 crore.
Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.
'A lot of people who quit felt they have been in the organisation for way too long and needed a better or challenging career role to advance in their careers.'
Cautioning about the growing risk of nuclear weapons falling into the hands of terrorists or extremists, Prime Minister Manmohan Singh on Monday said that all countries must ensure that dangerous hands are denied atomic material and technology.Underlining that India has no intention to engage in an arms race with anyone, Singh said New Delhi is "fully committed to nuclear disarmament that is global, universal and non-discriminatory in nature."
Citing a number of factors, including historic valuations, expectations for monetary stimulus, lower oil prices, and a weak rupee, the investment bank said it is 'overweight on private banks, IT services, and health care, but is underweight on consumer discretionary, energy and materials'.
Sanjeev Nayyar offers a roster of things to do to see the India of our dreams.
Here's all you need to know about radiation from mobile towers and phones.
The stock markets, which had opened in the green on rate cut hopes, tumbled after the monetary policy announcement.
The vaccination rate needs to go up by three to four times, assert Ajay Shah and Amrita Agarwal.
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
All successful persons exhibit strong personal power, whether in the material world or in the spiritual one, leading to amazing results and shining in all fields of life.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
'We feel thrust into a motion picture that has all the makings of a carnival but no real fireworks,' Sreehari Nair notes after watching Malik.
'In India, China's capacities to conduct new types of warfare is critically underestimated,' says Claude Arpi.
'Science and technology keep moving ahead and so you can keep making investment.'
Thirteen buildings have received the RIBA International Awards for architectural excellence.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
A salvo from a Pinaka battery brings down on the enemy more than seven tonnes of high explosive in just 44 seconds.
Both KXIP and the Royals would look to build a winning momentum after starting the tournament as underdogs.
With automotive manufacturers striving to match stricter emission norms set by regulatory authorities, they have begun considering nanotechnology as a necessity.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Between that constant feeling of I've seen it all before and inability to balance comedy and darkness, Ludo wobbles towards its finish, sighs Sukanya Verma.
The major US indexes pared losses late in the session.
The solar-powered cars manufactured to date are usually built for just one person -- not very useful when the need is to carry passengers.
Welspun Maxsteel, wholly owned subsidiary of the $3-billion Welspun Group, has kept its proposed steel factory plan in Maharashtra on hold due to the shortage of raw material and energy. The delay in environment clearances has also forced the company to keep the project in abeyance for now.
India's indigenous paper manufacturers are forced to use a variety of raw materials.
A radiation scare at Delhi's Indira Gandhi International Airport forced the suspension of cargo operations, but nuclear regulator and Delhi authorities said there was no leak of radioactive substance from a consignment unloaded from a Turkish Airlines plane.
India's breakthrough in countering a 'dirty bomb'.
'I would urge my Indian friends to look at how significant the overall support was.'
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Former England captain Cook, 34, who retired from international cricket this year, was his country's most-capped Test player and record test run scorer.
If economic growth does not accelerate soon, lower profits and the expectations that accompany them will further deter private investment.
India is sitting on huge untapped solar photovoltaic offgrid opportunities, given its ability to provide energy to hitherto vast untapped remote rural areas, the scope of providing backup power to cell towers and its inherent potential to replace precious fossil fuels.
NTPC was the biggest loser in the Sensex pack, tumbling 2.25 per cent, followed by Tata Motors, Bharti Airtel, PowerGrid, HDFC, Reliance Industries, Hero MotoCorp and M&M that shed up to 1.85 per cent.
The lamp is expected to hit the markets by 2016.
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
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