News for 'PLI'

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.

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.

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.

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.

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.

Yeh Hai India: Where are they headed?

Yeh Hai India: Where are they headed?

Rediff.com19 Oct 2021

Targeted killings in Srinagar and in South Kashmir have inspired fear among migrant labourers from Bihar and Uttar Pradesh plying their trade in the Kashmir Valley.

Dreamliner to ply on domestic routes soon

Dreamliner to ply on domestic routes soon

Rediff.com13 Sep 2012

Air India's new Boeing 787 Dreamliner will start flying on domestic routes from September 19, with the airline hoping that the fuel-efficient aircraft will bring back its good old 'Maharaja' days by saving costs.

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.

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.

'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.'

India's sub-Rs 10,000 phone market may be reserved for domestic players

India's sub-Rs 10,000 phone market may be reserved for domestic players

Rediff.com23 Aug 2022

How dominant are Chinese firms in India's sub-Rs 10,000 mobile device market? The question has become relevant as the government has been thinking of reserving this price segment for domestic players who have not been able to battle the Chinese onslaught. However, telecom firms and others are concerned that such a move could stymie the effort to build affordable 5G phones in the sub-Rs 10,000 category.

BJP's Bengal bandh call evokes mixed response; normal life unaffected

BJP's Bengal bandh call evokes mixed response; normal life unaffected

Rediff.com28 Feb 2022

The 6 am to 6 pm shutdown call evoked a mixed response as the state government engaged its entire machinery to ensure that normal life remained unaffected.

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."

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.

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

Markets: 'Volatility to remain higher than usual'

Markets: 'Volatility to remain higher than usual'

Rediff.com3 Jun 2022

'Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.' 'Focus on quality is of paramount importance.'

Intel group company back with chip-making plan in India

Intel group company back with chip-making plan in India

Rediff.com19 Feb 2022

'Our plan to set up a semiconductor facility in India is back on the table'

RBI may effect one more rate hike: Uday Kotak

RBI may effect one more rate hike: Uday Kotak

Rediff.com8 Dec 2022

A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.

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.

Badrinath-Kedarnath: Modi Must Relook At Redevelopment

Badrinath-Kedarnath: Modi Must Relook At Redevelopment

Rediff.com25 Jan 2023

'The problem is that all this reconstruction work is being monitored by the prime minister himself with inputs being provided directly by the PMO so nobody in the state government dare contradict them even if their suggestions are totally contrary to what the ecology of this region requires.'

Apply for Maharashtra licence in 3 weeks, SC tells Uber

Apply for Maharashtra licence in 3 weeks, SC tells Uber

Rediff.com14 Feb 2023

The Supreme Court on Monday directed Uber to apply for a licence within three weeks to operate in Maharashtra, stressing that cab aggregators cannot function without one. A bench led by Chief Justice of India (CJI) D Y Chandrachud said that an earlier interim order by the Supreme Court that had allowed Uber to operate in the state would not provide legal cover, since an aggregator cannot operate without a licence. It ordered Uber to apply for a licence by March 6, said a report by Bar and Bench.

369 trains cancelled due to Agnipath protests

369 trains cancelled due to Agnipath protests

Rediff.com18 Jun 2022

The Railways has also partially cancelled two mail/express trains, thus the total number of trains affected during the day is 371, the officials said.

Apple may start iPhone production at Foxconn plant from April

Apple may start iPhone production at Foxconn plant from April

Rediff.com21 Mar 2022

Seven months after it was launched in India, Apple is expected to start manufacturing the iPhone 13 at the Foxconn plant in Sriperumbudur near Chennai from April, according to sources. The phones will be for both the domestic and export market. The production of the iPhone 13 in the Chennai plant was meant to start from January but had to be postponed after Apple suspended production following protests in December by women workers about food poisoning. An Apple spokesperson did not respond to an e-mail query.

Nearly 33% of India's medical devices capacity lying unused

Nearly 33% of India's medical devices capacity lying unused

Rediff.com7 Dec 2021

After ramping up production to meet the steep demand spike during the Covid-19 pandemic, Indian medical device makers are now struggling with idle capacity. According to industry estimates, around a third of the installed capacity, especially for consumables, disposables, small-ticket electronic items, etc., is lying unutilised. Sample this: India used to produce just 6.24 million pieces of PPE kits per annum before the pandemic, but by June this was ramped up to 233.87 million pieces per annum.

Maha bandh: Stone pelting on BEST buses affects services

Maha bandh: Stone pelting on BEST buses affects services

Rediff.com12 Oct 2021

The BEST services resumed after the shutdown ended around 4 pm.

Exports up 24% to $38 bn in Apr; trade deficit widens to $20 bn

Exports up 24% to $38 bn in Apr; trade deficit widens to $20 bn

Rediff.com3 May 2022

Exports rose by 24.22 per cent to a monthly record high of $38.19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as trade deficit widened to $20 billion during the month, the commerce ministry said on Tuesday. Imports during the month under review grew by 26.55 per cent to $58.26 billion. The trade deficit in April 2021 was at $15.29 billion.

WTC Final: Ponting surprised SKY isn't in main squad, backs Kishan

WTC Final: Ponting surprised SKY isn't in main squad, backs Kishan

Rediff.com19 May 2023

Ahead of the WTC Final next month, former Australian skipper Ricky Ponting opened up on India and Australia's chances for the big game.

Apple to shift 10% of manufacture to India in 5 years

Apple to shift 10% of manufacture to India in 5 years

Rediff.com10 Aug 2020

Two of Apple Inc's global vendors -- Wistron and Foxconn (through Han Hoi), which already manufacture Apple phones in India -- and a third entity, Pegatron, which will be setting up a new plant, have applied to the government to be eligible under the PLI scheme for large-scale electronics manufacturers.

Major infra revamp taken up at border areas in J-K

Major infra revamp taken up at border areas in J-K

Rediff.com25 Dec 2022

The first phase of the infrastructure renovation and creation of some new ones has been recently completed on a stretch of 26 kilometres along the front in Jammu while another 33 kilometres in the same region is being carried out, official sources told PTI.

Draft Digital Bill to be available for public by Dec-end

Draft Digital Bill to be available for public by Dec-end

Rediff.com8 Dec 2022

After the draft data protection bill, the government is now all set to bring another key legislation -- Digital India Bill -- that will be made available for public consultation by the month-end, Minister of State for IT Rajeev Chandrasekhar said on Thursday. The Digital India Bill, which will replace the 22-year old Information Technology (IT) Act, will be contemporary and a modern piece of legislation, the Minister promised. The proposed bill, alongside the Digital Personal Data Protection (DPDP) Bill whose draft was released recently, will contribute to the evolving framework which is light on regulation, safeguards consumer rights and catalyses innovation, the minister said while speaking at CII Global Economic Policy Summit 2022.

54 dead in Manipur violence; govt appeals for calm

54 dead in Manipur violence; govt appeals for calm

Rediff.com6 May 2023

Security presence which has been bolstered by flying in more army troops and rapid action force and central police forces was clearly visible at all major areas and roads.

Great to see so many Australians in WPL: CA CEO Hockley

Great to see so many Australians in WPL: CA CEO Hockley

Rediff.com20 Feb 2023

With as many as fourteen Australians taking part in the inaugural edition of the Women's Premier League, CA CEO Nick Hockley was happy to see the growth of women's cricket.

Rain continues to lash Delhi for third day, traffic affected

Rain continues to lash Delhi for third day, traffic affected

Rediff.com24 Sep 2022

Traffic snarls were reported from different parts of the national capital on Saturday as rain continued to lash New Delhi for the third consecutive day.

Investor wealth jumps Rs 3.35 lakh cr in two days

Investor wealth jumps Rs 3.35 lakh cr in two days

Rediff.com15 Sep 2021

Investors have gained Rs 335,770.71 crore in two days of market rally, with the Sensex scaling its fresh lifetime peak on Wednesday. Rising for the second day, the 30-share BSE benchmark jumped 476.11 points or 0.82 per cent to close at its new all-time high of 58,723.20. During the day, it gained 529.97 points to 58,777.06, its intra-day record.

Budget 2023: What the pharma, healthcare industry seek

Budget 2023: What the pharma, healthcare industry seek

Rediff.com19 Jan 2023

The government should take measures to promote innovation and R&D while simplifying regulations for the sector in the upcoming Union Budget, as per pharmaceutical industry bodies. Outlining the wish list for the sector in the upcoming Union Budget, Indian Pharmaceutical Alliance (IPA) secretary general Sudarshan Jain said the domestic pharma industry is currently around $50 billion in size and aspires to grow to around $130 billion by 2030 and $450 billion by 2047. "To achieve this vision, the Union Budget 2023-2024 should help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry forward," he told PTI.

Field testing started for fuel-agnostic engines

Field testing started for fuel-agnostic engines

Rediff.com19 Jan 2023

Cummins India will soon start producing fuel-agnostic engine systems at the Tata-Cummins plant in Phaltan in Satara district of Maharashtra, senior officials at Cummins India said. The firm will start limited production by the end of 2023 and mass production will likely begin by 2024, the officials said.

FIFA WC: England lucky to get point against young USA

FIFA WC: England lucky to get point against young USA

Rediff.com26 Nov 2022

Iran are second on three points with Wales bottom on one point and all outcomes are still possible going into the final round of games when England take on the Welsh.

Iran do their talking on the pitch in defeat of Wales

Iran do their talking on the pitch in defeat of Wales

Rediff.com25 Nov 2022

Carlos Queiroz's players will now fancy their chances after an impressive display

'Budget should set right stage for growth'

'Budget should set right stage for growth'

Rediff.com30 Jan 2023

'India is showing a reasonable amount of resilience, but we are still living in a world that is quite fragile.' 'That's why we hope that the government will continue to invest significantly in public capex so that we are able to ride through this cycle till the private sector is able to play its part in investing and adding to the capex cycle.'

'What Gives Me Hope About India Is...'

'What Gives Me Hope About India Is...'

Rediff.com24 Aug 2023

'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'