News for 'PLI'

IPL 2026: Buttler reveals how he balances IPL and England cricket

IPL 2026: Buttler reveals how he balances IPL and England cricket

Rediff.com28 Mar 2026

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.

India-made cars now popular across global markets: Economic Survey

India-made cars now popular across global markets: Economic Survey

Rediff.com29 Jan 2026

Rising automobile exports are reflective of the increasing acceptance of India-manufactured vehicles across global markets, according to Economic Survey 2025-26.

India Women's Team Crushed by Japan in AFC Asian Cup Clash

India Women's Team Crushed by Japan in AFC Asian Cup Clash

Rediff.com7 Mar 2026

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.

India concede late goal, lose to Vietnam in AFC Asian Cup opener

India concede late goal, lose to Vietnam in AFC Asian Cup opener

Rediff.com4 Mar 2026

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.

'Want To Retire Early... Are My Investments Enough?'

'Want To Retire Early... Are My Investments Enough?'

Rediff.com4 Mar 2026

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

Simple Energy debuts Gen 2 e-scooters to drive 2026 growth

Simple Energy debuts Gen 2 e-scooters to drive 2026 growth

Rediff.com6 Jan 2026

'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.'

Delhi Police Nab Five in Connection with iPhone Robbery

Delhi Police Nab Five in Connection with iPhone Robbery

Rediff.com27 Feb 2026

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.

With SA in Super 8s, chance for Brevis to redeem himself vs UAE

With SA in Super 8s, chance for Brevis to redeem himself vs UAE

Rediff.com17 Feb 2026

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.

Delhi: 6-yr-old on way to school killed as car hits e-rickshaw

Delhi: 6-yr-old on way to school killed as car hits e-rickshaw

Rediff.com20 Feb 2026

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.

10 Stocks That May Gain From Budget

10 Stocks That May Gain From Budget

Rediff.com4 Feb 2026

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.

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

Rediff.com6 Mar 2025

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.

After Wankhede stumble, India eye batting blitz vs Namibia at Kotla

After Wankhede stumble, India eye batting blitz vs Namibia at Kotla

Rediff.com11 Feb 2026

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.

Trade union strike sees mixed response; normal life unaffected

Trade union strike sees mixed response; normal life unaffected

Rediff.com12 Feb 2026

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.

Bajaj Auto logs best quarterly earnings in Q3

Bajaj Auto logs best quarterly earnings in Q3

Rediff.com31 Jan 2026

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.

Tech firms line up for Rs 23K crore PLI jackpot

Tech firms line up for Rs 23K crore PLI jackpot

Rediff.com7 Apr 2025

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.

Nirmala Sitharaman: 'Prime Minister Modi Does Not Tolerate Gaming Of The System'

Nirmala Sitharaman: 'Prime Minister Modi Does Not Tolerate Gaming Of The System'

Rediff.com9 Feb 2026

'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.'

Budget 2026: What will Nirmala Sitharaman do?

Budget 2026: What will Nirmala Sitharaman do?

Rediff.com1 Feb 2026

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.

First-time luxury buyers power BMW to record sales

First-time luxury buyers power BMW to record sales

Rediff.com19 Jan 2026

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 paralyses life in J-K; highway closed, flights cancelled

Heavy snowfall paralyses life in J-K; highway closed, flights cancelled

Rediff.com28 Jan 2026

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.

'PLI Has Been A Big Boost To Manufacturing'

'PLI Has Been A Big Boost To Manufacturing'

Rediff.com26 Sep 2024

'We can hope to see a lot of creation of jobs in the days to come.'

Meet Desi Stars Lighting Up T20 World Cup

Meet Desi Stars Lighting Up T20 World Cup

Rediff.com6 Feb 2026

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.

Rs 60,000 per day! Huge pay hike for women cricketers

Rs 60,000 per day! Huge pay hike for women cricketers

Rediff.com22 Dec 2025

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.

BEST bus crash: 'The driver may have panicked'

BEST bus crash: 'The driver may have panicked'

Rediff.com31 Dec 2025

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.

PLI scheme boosts AC industry; localisation doubles in two years

PLI scheme boosts AC industry; localisation doubles in two years

Rediff.com12 Sep 2024

The government's two-year-old production-linked incentive (PLI) for air conditioner (AC) components has boosted domestic production, with average value addition or localisation increasing from 25 per cent to 55 per cent now, according to the scheme's beneficiaries. Last year, 10 million ACs were manufactured and sold in India and the number is expected to reach 14 million in 2024, according to industry estimates. Domestic production is expected to hit 30 million by 2030.

Foreign investors withdrew record Rs 1.6 lakh cr from Indian equities in 2025

Foreign investors withdrew record Rs 1.6 lakh cr from Indian equities in 2025

Rediff.com28 Dec 2025

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.

Delhi choked by worst AQI of the year, strict curbs kick in

Delhi choked by worst AQI of the year, strict curbs kick in

Rediff.com13 Dec 2025

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.

Reliance gets Rs 3,620 crore PLI sop for battery plant

Reliance gets Rs 3,620 crore PLI sop for battery plant

Rediff.com4 Sep 2024

Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.

Meity plans jobs push in proposed electronic components PLI scheme

Meity plans jobs push in proposed electronic components PLI scheme

Rediff.com6 Sep 2024

The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rediff.com16 Aug 2024

Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.

LG asks Delhi police to track ammonium nitrate sales

LG asks Delhi police to track ammonium nitrate sales

Rediff.com21 Nov 2025

Delhi LG V K Saxena has directed police to maintain a digital record of entities purchasing and selling ammonium nitrate and to undertake rigorous security audits of busy markets and ISBTs, days after a blast near the Red Fort.

Private Talent At PSU Banks Is Welcome, But...

Private Talent At PSU Banks Is Welcome, But...

Rediff.com22 Oct 2025

Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.

India dials up record smartphone exports; shipments touch $13.4 bn in H1

India dials up record smartphone exports; shipments touch $13.4 bn in H1

Rediff.com9 Oct 2025

Smartphone exports for the first six months (April to September) of 2025-26 (FY26) surged to $13.4 billion, based on industry estimates. Driven by the production-linked incentive (PLI) scheme, this marks a 59 per cent jump over the $8.5 billion exported during the same period of the previous financial year (2024-25/FY25).

'The Key Is Talent, Technology, Trust'

'The Key Is Talent, Technology, Trust'

Rediff.com30 Dec 2025

'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'

Ola Electric auto biz turns profitable in Q2; gross margins expand to 30.7%

Ola Electric auto biz turns profitable in Q2; gross margins expand to 30.7%

Rediff.com6 Nov 2025

Ola Electric on Thursday said its automobile business turned profitable in the quarter ended September 2025 with pre-tax earnings growing by 0.3 per cent against a contraction of 5.3 per cent in the preceding three months.

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Rediff.com28 Jun 2024

To burnish production-linked incentive (PLI) schemes, the government is considering an overhaul of some of them relating to sectors such as textiles and pharma, and making incentive payments quarterly, officials in the know said. In a bid to cut the delay in processing incentive claims, the government is looking at switching to a quarterly disbursement of incentives. Currently, in most schemes, incentives are annual.

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Rediff.com1 Jul 2024

The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing. "If those under the PLI scheme need to get their equipment installed, we try to expedite the ability to get technicians into India from any country, whichever it may be," Union Commerce and Industry Minister Piyush Goyal told Business Standard in an interview.

Reliance, JSW in fray for 10 Gwh ACC Battery PLI

Reliance, JSW in fray for 10 Gwh ACC Battery PLI

Rediff.com24 Apr 2024

The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). "The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 Gwh," the ministry said in a statement. After the re-auctioning for the manufacturing unit was announced in January, the pre-bid meeting was held on February 12, the ministry said.

Ashwin set for India comeback at Hong Kong Sixes

Ashwin set for India comeback at Hong Kong Sixes

Rediff.com18 Sep 2025

'I am also thrilled to compete against some quality players in the opposition teams, it will be a good challenge for us.'

Mahindra & Mahindra Q2 profit rises 28% on strong farm sector growth

Mahindra & Mahindra Q2 profit rises 28% on strong farm sector growth

Rediff.com5 Nov 2025

Mahindra & Mahindra on Tuesday posted a 28 per cent year-on-year increase in its consolidated profit after tax to Rs 3,673 crore for the second quarter ended September 30, 2025, driven by robust performance of the farm sector, while also seeing the impact of the GST transition on the auto sector. The company reported a profit after tax (PAT) of Rs 2,867 crore for the July-September period of the last fiscal.

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Rediff.com22 Jul 2024

The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated.