News for 'PLI'

Arjun Tendulkar likely to play for Goa next season

Arjun Tendulkar likely to play for Goa next season

Rediff.com11 Aug 2022

For Tendulkar, the biggest disappointment has been getting dropped from the Mumbai squad this season without being given a chance to prove his mettle.

Like Uber, You Can Book A Drone Soon

Like Uber, You Can Book A Drone Soon

Rediff.com25 Apr 2023

E-commerce players may soon rent out drones, so you can use them the way you book a cab on an app, and test viable use-cases for last-mile delivery.

Bundesliga's Japan Stars Stun Germany

Bundesliga's Japan Stars Stun Germany

Rediff.com24 Nov 2022

Doan equalised in the 75th minute before Asano showed lovely control and smashed the winner in from a tight angle -- causing an explosion of joy among the Japan bench and head shaking among German fans used to watching both players ply their trade in the Bundesliga.

Ola keen to build cell manufacturing plant

Ola keen to build cell manufacturing plant

Rediff.com7 Jun 2022

SoftBank Group-backed Ola Electric is in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50-gigawatt hours, sources said. As part of its broader electrification push, the firm plans to invest in companies with advanced cell and battery technology, alongside the 50 Gwh battery plant. Ola Electric needs 40 Gwh of battery capacity to power 10 million electric scooters annually. The remainder will be for its electric cars, which the company plans to manufacture in the future.

Wistron invests Rs 1,255 crore in Apple's India factory

Wistron invests Rs 1,255 crore in Apple's India factory

Rediff.com9 Jul 2021

Apple Inc's leading contract manufacturer, Taiwanese giant Wistron, has exceeded its investment obligation in India in just eight months, although the government's production-linked investment (PLI) scheme allowed it to complete the investment in four years. Between August 2020 and end March 2021, Wistron made an investment of Rs 1255 crore - 25 per cent more than the total investment it had committed to the government. Under the PLI scheme for mobile devices, the government had stipulated that each of the five participating global companies needed to invest Rs 250 crore every year for the first four years, totalling Rs 1,000 crore.

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Rediff.com12 Nov 2020

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

Apple boost helps India double smartphone exports; shipments hit $11.1 bn

Apple boost helps India double smartphone exports; shipments hit $11.1 bn

Rediff.com13 Apr 2023

India doubled its exports of smartphones to $11.1 billion (about Rs 91,000 crore) in 2022-23 (FY23) over the previous year's figure of $5.48 billion (Rs 45,000 crore), thanks largely to the Apple juggernaut, according to data from the India Cellular and Electronics Association (ICEA). Union Minister for Communications, Electronics & IT Ashwini Vaishnaw said: "With the doubling of exports of smartphones to over Rs 90,000 crore, India is well on its way to becoming a leader in the global mobile device market." On the flip side, despite the government prodding Chinese companies to export more, their smartphone shipments fell steeply by 26 per cent from $214 million in FY22 to $157 million in FY23.

How India Can Rival China As Production Platform

How India Can Rival China As Production Platform

Rediff.com28 Jul 2023

We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.

In 'white gold' rush, India starts talks with lithium-rich nations

In 'white gold' rush, India starts talks with lithium-rich nations

Rediff.com13 Dec 2022

To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.

Engineer hails IPL being 'envy of the world' but says Test cricket can't be...

Engineer hails IPL being 'envy of the world' but says Test cricket can't be...

Rediff.com7 Jun 2023

Former Indian cricketer Farokh Engineer hailed IPL being the 'envy of the world' but said Test cricket cannot be sacrificed.

Cyclone Mandous brings rainfall before hitting TN coast

Cyclone Mandous brings rainfall before hitting TN coast

Rediff.com9 Dec 2022

Severe cyclonic storm Mandous will cross the coast between north Tamil Nadu and south Andhra Pradesh around December 9 night and early next day, the regional weather office said on Friday.

Heavy police deployment at Mumbai's Aarey, roads closed

Heavy police deployment at Mumbai's Aarey, roads closed

Rediff.com25 Jul 2022

A video of cutting and felling of trees in Aarey is being circulated by protestors on social media.

Delhi most polluted city in India in 2022: Report

Delhi most polluted city in India in 2022: Report

Rediff.com10 Jan 2023

PM2.5 pollution in the national capital has reduced by over 7 per cent in four years, from 108 micrograms per cubic metre in 2019 to 99.71 micrograms per cubic metre in 2022, the report by NCAP Tracker said.

Gill to play for Glamorgan for remainder of County season

Gill to play for Glamorgan for remainder of County season

Rediff.com24 Aug 2022

He has been in tremendous form of late with one hundred and three fifties in his last six 50-over games.

Yeh Hai India: The Ice Route

Yeh Hai India: The Ice Route

Rediff.com5 Jan 2022

The Border Roads Organisation kept the pass open beyond December 31 for the first time.

Driver of truck that plowed into religious procession in Bihar arrested

Driver of truck that plowed into religious procession in Bihar arrested

Rediff.com21 Nov 2022

The driver of a truck that ploughed into a religious procession killing at least 12 people, including seven children, in Bihar's Vaishali district was rescued from the mangled vehicle and arrested, a senior police officer said on Monday.

Construction activities banned, more curbs as Delhi's air quality worsens

Construction activities banned, more curbs as Delhi's air quality worsens

Rediff.com29 Oct 2022

The overall Air Quality Index (AQI) of Delhi stood at 398 at 11 am, worsening from 357 at 4 pm on Friday. It was 354 on Thursday, 271 on Wednesday, 302 on Tuesday and 312 on Monday (Diwali).

Modi sees India's manufacturing output to grow by $520 bn in 5 yrs

Modi sees India's manufacturing output to grow by $520 bn in 5 yrs

Rediff.com5 Mar 2021

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.

Walmart looking at sourcing toys, shoes, bicycles from India

Walmart looking at sourcing toys, shoes, bicycles from India

Rediff.com21 May 2023

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI. Officials from the Bentonville-headquartered firm recently held a virtual meeting with several domestic toy manufacturers in India.

Gayle, Harbhajan, Afridi among star-studded marquee players

Gayle, Harbhajan, Afridi among star-studded marquee players

Rediff.com17 Jun 2023

The player draft for the much-awaited Global T20 Canada 2023 was held in a hybrid-form in Mumbai.

Look Out For Smaller Company Stocks

Look Out For Smaller Company Stocks

Rediff.com2 Feb 2023

They will not be followed by analysts and no fund manager can buy such small companies with low trading liquidity.
Large companies, those that are talked about in the media and tracked on social media, have already been discovered. They won't lead to extraordinary gains, Debashish Basu points out.

Char Dham priests demand removal of yatra curbs, threaten agitation

Char Dham priests demand removal of yatra curbs, threaten agitation

Rediff.com1 Mar 2023

Citing the example of last year, he said many pilgrims who came for the yatra from rural areas of Uttar Pradesh had to return from Rishikesh and Haridwar as they had not registered in advance for it.

China Plus One: Low labour costs and growing workforce give India the edge

China Plus One: Low labour costs and growing workforce give India the edge

Rediff.com5 Dec 2022

A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.

IMF sees India as 'bright spot' in global economy, says PM Modi

IMF sees India as 'bright spot' in global economy, says PM Modi

Rediff.com11 Jan 2023

Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. In the past eight years, the government has increased the speed of reforms and removed many hurdles in the way of investments.

PSL to clash with IPL in 2025

PSL to clash with IPL in 2025

Rediff.com17 Aug 2022

The IPL's two and half month window starts from March and goes on till the beginning of June.

Delhi's anti-pollution curbs ineffective, 'little too late': Experts

Delhi's anti-pollution curbs ineffective, 'little too late': Experts

Rediff.com4 Nov 2022

'These measures should be in place throughout the year in order to bring down AQI levels to 100 or below'

Manipur violence: 'Don't know what our fault was'

Manipur violence: 'Don't know what our fault was'

Rediff.com6 May 2023

Around 800 people, including children and the elderly, are living in pitiable conditions in relief shelters near Thangjing temple and Moirang Lamkhai which are being run by three organisations.

ITC Q4 net profit rises 22% to Rs 5,225 cr

ITC Q4 net profit rises 22% to Rs 5,225 cr

Rediff.com18 May 2023

Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.

'Don't Expect A Populist Budget'

'Don't Expect A Populist Budget'

Rediff.com31 Jan 2023

'While the Budget would be growth-friendly, it would not come at the expense of an increase in the fiscal deficit.'

Swollen Yamuna calming as AAP alleges 'conspiracy', BJP hits back

Swollen Yamuna calming as AAP alleges 'conspiracy', BJP hits back

Rediff.com15 Jul 2023

Bharadwaj said it has not rained in Delhi in the last 3-4 days, yet still the water level in Yamuna reached 208.66 metres.

Did playing in BBL give England players an advantage?

Did playing in BBL give England players an advantage?

Rediff.com10 Nov 2022

An extensive experience of playing the Big Bash League in Australia contributed to Jos Buttler and Alex Hales' absolute dominance over India in the T20 World Cup semi-final, said head coach Rahul Dravid.

Surrounded By Family, Eknath Shinde Takes Charge

Surrounded By Family, Eknath Shinde Takes Charge

Rediff.com7 Jul 2022

When he plied an autorickshaw in Thane in the late 1980s did Eknath Shambhaji Shinde ever dream that he would one day be chief minister of one of the wealthiest states in the Indian Union?

'Economic rebound has run out of steam'

'Economic rebound has run out of steam'

Rediff.com9 Mar 2023

'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'

Woman, toddler killed as Bengaluru Metro pillar collapses

Woman, toddler killed as Bengaluru Metro pillar collapses

Rediff.com10 Jan 2023

Tragedy stuck a family of four here on Tuesday when an under-construction Bengaluru Metro pillar collapsed on them, leaving a woman and her toddler son dead while her husband and another child escaped with injuries.

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Rediff.com28 Apr 2023

Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.

Adani firm to buy 50% stake in agri start-up

Adani firm to buy 50% stake in agri start-up

Rediff.com27 May 2022

Adani Defence & Aerospace has entered into definitive agreements for acquiring 50 per cent equity stake in agricultural drone startup General Aeronautics for an undisclosed amount. Bengaluru-based General Aeronautics specialises in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming and yield monitoring services using artificial intelligence and data analytics.

New projects drop for 2nd straight quarter

New projects drop for 2nd straight quarter

Rediff.com3 Jan 2022

New projects fell 6.3 per cent in the December quarter compared with the September quarter. The value of new projects in the just-concluded quarter was Rs 2.1 trillion, according to the data from Centre for Monitoring Indian Economy (CMIE), which was lower than the Rs 2.2 trillion seen in the September quarter. It is, however, higher than Rs 1.5 trillion recorded for the quarter ended December 2020, the first year of the Covid-19 pandemic. This data ties in with the November data for core sector growth, an index of eight core industries, which grew at its slowest pace since early 2021.

Want To Send Your Car To The Graveyard?

Want To Send Your Car To The Graveyard?

Rediff.com1 Jun 2023

One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.

India's economy to slow down in 2023-24. Survey reveals all

India's economy to slow down in 2023-24. Survey reveals all

Rediff.com31 Jan 2023

Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday

FIFA WC: Duke keeps his promise to his son with winner

FIFA WC: Duke keeps his promise to his son with winner

Rediff.com26 Nov 2022

"Obviously the moment I scored was pure ecstasy for me. I'd heard only seven Australians had scored at the World Cup and I told Arnie (coach Graham Arnold) I'd be the eighth or ninth."