News for 'PLI'

Russell backs KKR coach despite 'militant' label

Russell backs KKR coach despite 'militant' label

Rediff.com28 Mar 2024

Pandit, who is known as a disciplinarian, had taken over as KKR coach ahead of IPL 2022 after Brendon McCullum accepted England's head coach job.

Dhaka limps back to normal, but protests yet to die down

Dhaka limps back to normal, but protests yet to die down

Rediff.com25 Aug 2024

Businesses have resumed but it's not business as usual in the capital city of Bangladesh.

India needs to generate 78.5 lakh jobs in non-farm sector annually till 2030: Survey

India needs to generate 78.5 lakh jobs in non-farm sector annually till 2030: Survey

Rediff.com22 Jul 2024

The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce, according to the Economic Survey for 2023-24. The Survey tabled in Parliament on Monday also laid emphasis on the private sector's role to create employment in the country saying "In more than one respect, the action lies with the private sector. "In terms of financial performance, the corporate sector has never had it so good."

L&T takes on global peers with electrolyser play

L&T takes on global peers with electrolyser play

Rediff.com27 Feb 2024

Engineering conglomerate Larsen & Toubro (L&T) is preparing the ground to begin the commercial sale of electrolysers in September, which would be 50 per cent cheaper than its European counterparts, a senior company executive has said. An electrolyser is a key equipment required for the generation of green hydrogen. Last quarter, L&T manufactured its first electrolyser as a prototype.

EV makers lukewarm to new subsidy scheme

EV makers lukewarm to new subsidy scheme

Rediff.com16 Mar 2024

Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).

Normalcy tiptoes into Bangladesh, death toll climbs to 440

Normalcy tiptoes into Bangladesh, death toll climbs to 440

Rediff.com6 Aug 2024

Over 100 people have been killed in the violence across Bangladesh as chaos reigned supreme hours after Sheikh Hasina resigned as prime minister and fled the country on Monday, reports said on Tuesday amid signs of return to normalcy.

Uber rape aftermath: Cabs plying in Delhi ordered to install GPS

Uber rape aftermath: Cabs plying in Delhi ordered to install GPS

Rediff.com15 Mar 2015

In order to ensure women safety, Delhi government has ordered all taxi operators to install GPS in their vehicles, failing which fitness certificate will not be issued to them.

Time To Be Cautious In Bull Market

Time To Be Cautious In Bull Market

Rediff.com10 Jan 2024

A piece of slightly negative news can cause a serious setback, warns Debashis Basu.

Dirty Air, 2nd Largest Global Killer

Dirty Air, 2nd Largest Global Killer

Rediff.com20 Jun 2024

Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.

'From Mumbai maidans to batting together for the Indian team'

'From Mumbai maidans to batting together for the Indian team'

Rediff.com19 Feb 2024

Suryakumar Yadav lauded his Mumbai team-mates who put up a match-winning performance with the bat.

Rising demand for ACs pushes up Voltas stock

Rising demand for ACs pushes up Voltas stock

Rediff.com10 Jul 2024

The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution expansion, slew of launches and backward integration are expected to forge a good operating performance for the company. In the core RAC segment, there are multiple triggers for the company.

India to tap 12% of global iPhone production in FY24, up from 9% earlier

India to tap 12% of global iPhone production in FY24, up from 9% earlier

Rediff.com25 Jan 2024

Apple Inc is expected to produce iPhones worth $12 billion (freight on board value) in India during 2023-24, according to discussions between the company's vendors and the government. This would account for around 12 per cent of Apple's global iPhone production-higher than the earlier plan of shifting around 9 per cent of the total to India by FY24, which is the third year of the PLI (production-linked incentive) scheme.

Air India to ply Dreamliner on Singapore-Delhi route

Air India to ply Dreamliner on Singapore-Delhi route

Rediff.com12 Mar 2014

The Dreamliner's introduction on the daily Singapore route is on popular demand, said Nirbhik Narang, Air India's country manager in Singapore.

'Space Transportation Has To Be Like Booking A Cab'

'Space Transportation Has To Be Like Booking A Cab'

Rediff.com23 Oct 2024

'We started AgniKul to show that space transportation should be as simple as road transportation.'

BPCL divestment completely off the table, says Hardeep Singh Puri

BPCL divestment completely off the table, says Hardeep Singh Puri

Rediff.com12 Jun 2024

BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.

Nobel laureate Mohammad Yunus to head Bangladesh's interim govt

Nobel laureate Mohammad Yunus to head Bangladesh's interim govt

Rediff.com7 Aug 2024

The other members of the interim government will be finalised after consultations with various political parties, the press secretary added.

B'desh Prez dissolves parliament, ex-PM Khaleda freed

B'desh Prez dissolves parliament, ex-PM Khaleda freed

Rediff.com6 Aug 2024

Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.

What India Inc Expects From Modi 3.0

What India Inc Expects From Modi 3.0

Rediff.com7 Jun 2024

'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'

Budget 2024: What India Inc wants from Nirmalaji

Budget 2024: What India Inc wants from Nirmalaji

Rediff.com20 Jun 2024

India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Rediff.com21 Aug 2024

The response was tepid in other parts of the country even as several INDIA bloc parties as well as other non-BJP outfits extended their support to the bandh.

How Zetwerk is shaking up India's smart TV market

How Zetwerk is shaking up India's smart TV market

Rediff.com11 Oct 2023

Zetwerk is not exactly a household name, but this unicorn, boasting revenues of Rs 11,450 crore as of last year, is among the top four electronics manufacturers in India. The startup is capitalising on a notable trend in smart TV sales - fall in collective shipments from top brands like Xiaomi, Samsung, LG and an uptick in the market share of smaller, regional, and online brands. Emerging as a key Electronics Manufacturing Services (EMS) player, Zetwerk operates a plant in Haryana that caters to 10 per cent of the country's overall smart TV production capacity.

Sacrifices reap rewards for parents of Olympic shuttlers

Sacrifices reap rewards for parents of Olympic shuttlers

Rediff.com23 Jul 2024

'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'

When Paradise Freezes Over

When Paradise Freezes Over

Rediff.com11 Dec 2023

Night temperatures have plummeted in Kashmir with the weekend recording the coldest nights of the season.

Why's Siraj Heartbroken?

Why's Siraj Heartbroken?

Rediff.com22 Dec 2023

Mohammed Siraj took to Instagram and posted a story with a series of broken heart emojis. But what does his post mean?

'Our aim is to encourage global companies to shift to India from China'

'Our aim is to encourage global companies to shift to India from China'

Rediff.com29 May 2023

'I was in the US, where I met top executives of HP and Dell, and they are very keen to come to India.' 'Acer and ASUS have also evinced interest.'

T20 WC: Afghanistan deserve to be in the semis: Rashid

T20 WC: Afghanistan deserve to be in the semis: Rashid

Rediff.com25 Jun 2024

Afghanistan scripted history by qualifying for their maiden T20 World Cup semi-final with a win over Bangladesh on Tuesday.

India Inc capital expenditure story gets cement to semiconductor push

India Inc capital expenditure story gets cement to semiconductor push

Rediff.com19 Apr 2024

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Rediff.com1 Mar 2024

The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.

Tesla looking at sourcing components worth about $1.9 bn from India: Goyal

Tesla looking at sourcing components worth about $1.9 bn from India: Goyal

Rediff.com13 Sep 2023

US-based electric vehicle maker Tesla is looking to source components worth around $1.9 billion this year against $1 billion last year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector. "Tesla already last year bought one billion dollars of components from I think all of you sitting here.... I have the list of companies who supply to Tesla.

UP man modifies car into 'helicopter'; fined

UP man modifies car into 'helicopter'; fined

Rediff.com20 Mar 2024

Enterprising creator, Ishwar Deen who poured in over two-and-a-half lakh rupees into his labour of love was ordered to dismantle the rotor that he had welded on to the roof of an old car to make it resemble a chopper.

Pune accident: Registration of Porsche car that mowed down 2 yet to be done

Pune accident: Registration of Porsche car that mowed down 2 yet to be done

Rediff.com22 May 2024

Maharashtra transport commissioner Vivek Bhimanwar told PTI that the Porsche car was imported in March by a dealer in Bengaluru and from there it was sent to Maharashtra on a temporary registration.

'Need to make Auto Exports a national mission'

'Need to make Auto Exports a national mission'

Rediff.com26 Sep 2023

'There is a need for a national task force with a singular objective to increase automotive exports.'

HP, Dell, Lenovo have applied under PIL scheme

HP, Dell, Lenovo have applied under PIL scheme

Rediff.com30 Aug 2023

As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union Minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, Minister for Electronics and IT.

'Even If We Have To Die, We Won't Let This Port Come Up'

'Even If We Have To Die, We Won't Let This Port Come Up'

Rediff.com13 Sep 2024

'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'

Stock market gives thumbs up to Siemens' strong performance in Q2

Stock market gives thumbs up to Siemens' strong performance in Q2

Rediff.com23 May 2024

Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).

Will Made In India Google Pixel Phones Sell Better?

Will Made In India Google Pixel Phones Sell Better?

Rediff.com30 Oct 2023

Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.

Stimac sets World Cup qualification target, vows to resign if India fails

Stimac sets World Cup qualification target, vows to resign if India fails

Rediff.com25 Mar 2024

Stimac has prioritised qualification to the third round and secure a direct entry into the 2027 AFC Asian Cup.

Gains in tech firm ABB India may sustain on strong margin outlook

Gains in tech firm ABB India may sustain on strong margin outlook

Rediff.com21 May 2024

ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).

Batters To Light Up T20 World Cup

Batters To Light Up T20 World Cup

Rediff.com31 May 2024

Batters likely to set the World Cup alight with their big striking...

Rasna looks at overseas franchise arrangements for manufacturing abroad

Rasna looks at overseas franchise arrangements for manufacturing abroad

Rediff.com14 Mar 2024

Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.