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.
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.
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.
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.
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.
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.
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.
Henrich Klaasen remains confident that Sunrisers Hyderabad will improve their performance in IPL 2024, despite a mixed start to the season.
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.
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.
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.
England's Jos Buttler discusses the challenges of balancing franchise cricket with international duties, the importance of saying 'no', and managing external pressures as a professional cricketer.
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.
India's women's football team suffered a heavy 0-11 defeat against Japan in their second group match of the AFC Women's Asian Cup. Despite the loss, India still has a chance to qualify for the quarter-finals if they beat Chinese Taipei in their final group match.
Rising automobile exports are reflective of the increasing acceptance of India-manufactured vehicles across global markets, according to Economic Survey 2025-26.
The Indian women's football team suffered a narrow 2-1 defeat against Vietnam in their opening match of the AFC Asian Cup, conceding a late goal in injury time.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Delhi Police have arrested five individuals, including three women, for allegedly robbing a Jammu resident of Rs 15 lakh in cash and 22 iPhones in Delhi's Majnu ka Tila area, following a week-long search across Punjab and Jammu and Kashmir.
South Africa, already qualified for the Super Eights, will face the United Arab Emirates in their final Group D fixture of the T20 World Cup. South Africa would expect big-hitting youngster Dewald Brevis to regain his form against a struggling United Arab Emirates.
A six-year-old girl died and her grandmother was injured after their e-rickshaw collided with a car in Janakpuri, Delhi. Police have arrested the driver and are investigating the incident, which has raised concerns about e-rickshaw safety in the city.
'This is not just a cosmetic refresh,' said Suhas Rajkumar, founder and chief executive officer of Simple Energy. 'We have re-engineered the battery integration, made the scooter lighter, improved performance and expanded the portfolio so customers can choose based on real usage needs.'
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
The Namibia match could be a God-sent opportunity for an out-of-form Sanju Samson to get into run-scoring mode after a string of failures that saw him lose his place to Ishan Kishan, who is going through a purple patch.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
Two-wheeler (2W) major Bajaj Auto on Friday posted its highest ever quarterly revenue and profit during the third quarter of 2025-26 (Q3FY26). Bajaj Auto's consolidated net profit for the quarter grew by 25 per cent year-on-year (Y-o-Y) to Rs 2,749 crore, with the revenue also growing 23 per cent to Rs 16,204 crore.
'Grassroots-level corruption, which disrupts the last-mile work, cannot be ignored in your enthusiasm and drive to get going to complete the project.' 'Like it was in MGNREGA, in some states, it is the case with the Jal Jeevan mission.' 'The last minute levels of corruption can ruin the intent of the project itself.' 'When you see that people can game a particular well-intended and well-crafted project, you need to correct that.'
Finance Minister Nirmala Sitharaman's biggest challenge will be to find a new growth driver, particularly against the backdrop of a global economy ravaged by heightened uncertainty and fragmentation, financial markets on a precipice, and global commodity prices on a continued uptrend.
The share of first-time luxury customers in BMW's portfolio has risen sharply -- from around 43 per cent in 2024 to nearly 49 per cent in 2025. In some models, the figure is even higher.
Heavy snowfall in the Kashmir Valley and Jammu region disrupted traffic and air services, leading to the closure of the Jammu-Srinagar highway and cancellation of flights. Rescue and road clearing operations are underway.
From the USA to UAE, Canada to Italy, Indian-origin cricketers will represent associate nations at the T20 World Cup. Meet the Desis chasing global glory at a home away from home.
The BCCI has more than doubled the match fees of women cricketers and officials in domestic cricket, a move triggered by India's maiden ODI World Cup triumph and aimed at creating a more equitable pay structure across the circuit.
Investigation into the Mumbai BEST bus accident suggests human error as the cause, with the vehicle appearing mechanically sound. The accident resulted in four fatalities and several injuries.
Foreign investors fled Indian equities in 2025 at a scale never seen before, pulling out a record Rs 1.6 lakh crore (USD 18 billion) as volatile currency movements, global trade tensions, especially potential US tariffs, and stretched valuations eroded risk appetite, though flows are expected to turn sustainably positive in 2026.
Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company.
A thick layer of toxic smog enveloped the national capital on Saturday as air quality deteriorated sharply, prompting the Commission for Air Quality Management (CAQM) to invoke the strictest curbs under Stage IV of the Graded Response Action Plan (GRAP) across Delhi-NCR.
Leading home-grown companies - Dixon Technologies (India), Amber Enterprises India, Tata Electronics, Chennai-based Munoth Industries, and Murugappa Group - along with global majors such as Japan's TDK Corporation, Taiwan's Hon Hai Technology Group (Foxconn), Austria's AT&S Austria Technologie & Systemtechnik AG (AT&S AG), and Japan's Murata Manufacturing Co, among others, have expressed initial interest in participating in the Rs 22,919 crore production-linked incentive (PLI) scheme cleared by the Union Cabinet, according to those privy to stakeholder discussions with the government.
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