India's home-grown EV startups say the government's auto PLI scheme is helping big players while shutting out innovators building electric two- and three-wheelers from scratch.
Automobile manufacturers are increasingly vocal about the mounting paperwork and delays associated with India's Production-Linked Incentive (PLI) scheme for the automotive sector, arguing that compliance requirements are becoming as challenging as meeting technical eligibility conditions. They are pushing for a simpler, faster, and more predictable certification and compliance framework.
India's exports of printed circuit boards (PCBs) to China dramatically increased over 40-fold to $1.5 billion in FY26, indicating a significant shift where China is increasingly importing simpler electronic assemblies from India as it focuses on higher-value manufacturing domestically.
Tata Electronics has surpassed Taiwanese giant Foxconn in assembling iPhones for export from India during the FY22-FY26 PLI scheme period, with exports valued at $26.3 billion compared to Foxconn's $25.6 billion.
The production-linked incentive (PLI) scheme for the automobile sector has created market distortions, excluded innovation-led electric two-wheeler (e2w) makers, and failed to convert cost advantages into export competitiveness, with 77 per cent of export volumes driven by non-PLI models, said a report released by the Centre for Domestic Economy Policy Research (C-DEP) on Friday.
Smallcap funds give investors access to businesses that can grow much faster than the broader economy.
Sir Garfield Sobers, widely considered the greatest all-rounder in cricket history, passed away just days before his 90th birthday, leaving behind an unparalleled legacy that included a significant connection with India both on and off the field.
Mumbai experienced over 100 mm of rainfall in 24 hours, leading to significant waterlogging in areas like the Andheri subway and causing traffic diversions. Suburban train services faced delays, and a snapped overhead wire disrupted Harbour line operations. Various parts of the city, including eastern and western suburbs and the island city, recorded heavy downpours.
Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.
India's assistant coach Ryan ten Doeschate has challenged the T20 team to shed its 'underachievers' tag in foreign conditions, emphasising the need for quicker adaptation to varied playing environments after recent series losses.
'Why not aspire for 8 or 9 or even 10 per cent?'
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
Goa's Venkata Chigurupati has earned his maiden India Under-19 call-up for the Sri Lanka tour after a standout season of 49 wickets and 380 runs, as the fast-bowling all-rounder sets his sights on the U-19 World Cup and a future in India's Test team.
The Dudhwa Tiger Reserve administration has implemented a dusk-to-dawn ban on vehicular traffic on the Dudhwa-Gauriphanta road to protect wildlife, following a Supreme Court mandate. Emergency vehicles are exempt, and an alternative route is available.
Batting-order flexibility has become a key factor in modern white-ball cricket, and former India all-rounder Vijay Shankar believes players who can seamlessly adapt to different roles are increasingly valuable in a format driven by situational demands.
Germany, aiming to repair its international reputation after two consecutive first-round exits, begins its World Cup campaign against minnows Curacao.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
The ICC board has formed a committee to assess the impact of the growing franchise cricket leagues on the international cricket calendar, aiming to strike a balance and prevent disruption.
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.
Morocco, Norway, Turkey, Colombia, Mexico and Japan are among the leading dark horses for FIFA World Cup 2026, with each side possessing the talent and momentum to challenge football's traditional powers.
India has announced its 23-member squad for the SAFF Women's Championship 2026, set to take place in Goa. The team will compete against Maldives and Bangladesh in Group B, with the top two teams advancing to the semi-finals.
Apple CEO Tim Cook's strategic pivot, from initial rejections to local partnerships and leveraging government policies like PLI, transformed India into a major iPhone manufacturing and export hub, now accounting for one in every four iPhones assembled globally.
A traffic police constable in Sasaram, Bihar, was killed after being hit by a tractor while attempting to enforce traffic regulations. The driver fled the scene, and a manhunt is underway.
Union Minister Nitin Gadkari has called for Indian companies to form joint ventures with US companies to leverage new technologies, while also expressing an ambitious target to make India's automobile industry the world's number one within five years.
Sumit Antil, a two-time Paralympic gold medallist, credits Neeraj Chopra's advice at the World Para Championship for his world record-breaking javelin throw of 74.82m at the Indian Open Para Athletics International Championship in Bengaluru.
Major foreign mining and refining companies have assured the Indian government that they will have sufficient stocks of rare-earth oxides to supply to the winning bidders under the country's production-linked incentive (PLI) scheme for indigenous manufacturing of rare-earth permanent magnets (REPMs), Business Standard has learnt.
Commuters in Kolkata and surrounding areas are experiencing significant difficulties due to a shortage of buses, as many vehicles remain engaged in election duties related to the West Bengal polls. Normal service is not expected to resume until after the counting process on May 4.
The Bombay High Court has upheld the police's decision to deny a clearance certificate to Fahim Ansari, acquitted in the 26/11 terror attack case, preventing him from driving an autorickshaw for livelihood, citing public safety and national security concerns.
'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'
India's pharmaceutical industry is experiencing increased bulk drug prices, particularly for APIs from China, following the escalation of the West Asia crisis in March. While current inventories provide a temporary buffer, concerns are mounting over the availability of key solvents and feedstocks, potentially leading to manufacturing disruptions and shortages in specific drug categories.
The Bombay High Court dismissed a petition by Faheem Ansari, acquitted in the 26/11 terror attacks case, seeking a police clearance certificate to drive an autorickshaw, citing ongoing surveillance due to alleged links with Lashkar-e-Taiba.
Two men, including one impersonating a judicial officer with forged documents, have been arrested in New Delhi with a firearm and live ammunition. The accused, Surya Agarwal and Nikhil Yadav, were apprehended during a security check by the Parliament Street police station.
Two men, including one impersonating a judicial officer with forged documents, have been arrested in New Delhi with a firearm and live ammunition. The arrests were made as part of a security drive in the national capital.
The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects under the third round of the Production-Linked Incentive (PLI) scheme for specialty steel.
A man in Rampur, India, has been arrested along with two associates for allegedly murdering his wife, a police constable, and their three-year-old son to fraudulently claim insurance money and other benefits.
The Maharashtra government has revoked provisional licences issued to motorbike aggregators like Rapido, Ola, and Uber due to non-compliance with the Maharashtra E-bike Taxi Rules 2024, including the mandatory use of electric vehicles and submission of required documents.
Henrich Klaasen remains confident that Sunrisers Hyderabad will improve their performance in IPL 2024, despite a mixed start to the season.
Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.
The United States has announced a preliminary countervailing duty of 125.87 per cent on imports of certain Indian solar goods, alleging unfair subsidisation. This move could impact India's renewable energy sector and its efforts to boost domestic solar manufacturing.
