News for 'PLI'

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Amul to start making buffalo mozzarella cheese

Amul to start making buffalo mozzarella cheese

Rediff.com18 Mar 2021

Italy may be the home of premium buffalo mozzarella cheese, but India could soon give the country a run for its money in this regard. India's largest dairy cooperative, Amul, has submitted a plan to the government, aiming to turn the country into a global hub for the export of mozzarella cheese made from buffalo milk, which is sold at a hefty premium around the world. Mozzarella cheese is one of the products identified by the government for support under its Rs 10,900 crore production-linked incentive scheme (PLI), to give a massive push to food processing exports as well as to build Indian food brands.

Tatas in talks with Taiwan firms to make chips in India

Tatas in talks with Taiwan firms to make chips in India

Rediff.com22 Dec 2021

Tata Group is in discussions with some major international companies, including those from Taiwan, for its foray into the semiconductor chip business. The Union government had earlier tried to bring in Taiwanese manufacturers Taiwan Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC) for chip manufacturing in India. A person close to the development said the Tatas have now opened a separate channel for a possible tie-up. Currently, India mostly imports chips, which are fabricated and assembled to put into various applications, including automobiles, renewable power, mobile phones, televisions, and other electronic items.

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 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.

What Happens When An IPL Game Ends

What Happens When An IPL Game Ends

Rediff.com2 Oct 2021

Between them, these Spin Punjab's Director of Cricket Operations Anil Kumble (619 Test wickets) and his former spinning partner Harbhajan Singh (417 Test wickets), who is plying his trade for the Kolkata Knight Riders this IPL season (though he hasn't got a game yet in the UAE phase), chat after the encounter.

'What we need now is spending'

'What we need now is spending'

Rediff.com30 Dec 2021

'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'

Pujara continues good run; hits another ton for Sussex

Pujara continues good run; hits another ton for Sussex

Rediff.com23 Apr 2022

Cheteshwar Pujara continued his good form in the English County championship with a second successive hundred for Sussex against Worcestershire but could not prevent his team from being enforced the follow-on.

Vedanta joins hands with Foxconn to manufacture semiconductors in India

Vedanta joins hands with Foxconn to manufacture semiconductors in India

Rediff.com14 Feb 2022

Indian conglomerate Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plans to set up a display unit with about Rs 60,000 crore investment could not take off.

'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.'

Who is Maheesh Theekshana?

Who is Maheesh Theekshana?

Rediff.com13 Apr 2022

The 21 year old, who made his IPL debut on Saturday, April 9, has the ability to spin the ball both ways and is already being compared to Ajantha Mendis, the mystery spinner from his native island.

Investors expect balanced Budget; focus on job creation, infra spending

Investors expect balanced Budget; focus on job creation, infra spending

Rediff.com25 Jan 2023

Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.

Truckers wary of plying on 'risky' Manipur highway

Truckers wary of plying on 'risky' Manipur highway

Rediff.com19 Jun 2010

Truckers in Manipur are not willing to hit the troubled NH 39 that connects border town of Moreh and Imphal to Assam valley through Dimapur in Nagaland, even after agitating Naga groups in Manipur the All Naga Students' Association of Manipur and the United Naga Council -- have lifted the 67-days-long blockade of the highway from Friday evening.

Markets reopen in J-K as unlock process begins

Markets reopen in J-K as unlock process begins

Rediff.com31 May 2021

According to new guidelines imposed by authorities on Sunday, shops have been allowed to open on alternate days.

Credit growth seen to improve aided by govt's push on public spending

Credit growth seen to improve aided by govt's push on public spending

Rediff.com11 Jul 2022

Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said. According to the Care Edge report, the gross non-performing assets (GNPA) ratio hit a six-year low of 5.9 per cent in FY22 but remained above the pre-asset quality review of 2015-16. However, it said, India's NPA ratio is one of the highest among the comparable countries despite gradual decline.

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Rediff.com28 Nov 2022

Ola Electric has finalised its second phase of expansion, under which it will increase its plant capacity fourfold - from 1 million two-wheelers per annum to 4 million. This will also include motorcycles, said a top executive of the company. It will also build a plant with a 5 Gwh of advanced chemistry cell battery storage capacity in the same super factory located on the outskirts of Bengaluru.

'Made in India' iPhones make Apple's 70% India sales

'Made in India' iPhones make Apple's 70% India sales

Rediff.com6 Sep 2021

In a major push towards 'Make in India', Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India, according to sources aware of the development. This is a sharp rise from the figure of 30 per cent just two years ago and marks a major shift in Apple's strategy following the government's Production Linked Incentive (PLI) scheme that kicked off in FY'21. One of Apple's three vendors here, Foxconn, is currently manufacturing the best-selling model, the Apple 11, along with the Apple 10 and the Apple 12. Another contract manufacturer, Wistron, makes the Apple SE 2020. (The third, Pegatron, has yet to start production). The only models that are imported (they have limited volumes but high value) are the Apple 12 Pro and Pro Max.

Why Ashwin will go to bed feeling a lot better...

Why Ashwin will go to bed feeling a lot better...

Rediff.com10 Mar 2023

Ashwin has taken 24 wickets in the series so far with an innings left to bowl, but his 6/91 in 47.2 overs will certainly go down as one of his best efforts on a flat deck

Eid: Khargone admin changes decision, relaxes curfew for 9 hrs

Eid: Khargone admin changes decision, relaxes curfew for 9 hrs

Rediff.com2 May 2022

Earlier, the administration had announced a 24-hour curfew on May 2 and 3 and asked Khargone residents to celebrate the Eid-al-Fitr and Akshaya Tritiya festivals at home.

'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.'

Do FTAs boost manufacturing, exports? Not always

Do FTAs boost manufacturing, exports? Not always

Rediff.com20 Nov 2022

Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'.

WPL: Beginning of new dawn for India's Gen-Next

WPL: Beginning of new dawn for India's Gen-Next

Rediff.com3 Mar 2023

The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.

How drones can give wings to farmers

How drones can give wings to farmers

Rediff.com13 Nov 2022

So far, the drones that were considered important for the agriculture sector were nature-made winged-insects - a key component of the bee-based natural pollination cycle. The new-age drone is a whirring machine with rotors that can help farmers plan and grow and manage their crops. For the farm sector in India, which has had low levels of mechanisation, the impact of drones can be tremendous. The use of drones can help it leapfrog to modernisation in the same way that mobile phones helped India overcome its traditional lack of connectivity.

India may pip China and Vietnam to become mobile export hub

India may pip China and Vietnam to become mobile export hub

Rediff.com15 Oct 2020

The government gave clearance to five global and five Indian players that have made a commitment to a production value of 12.5-trillion phones in five years under the Production Linked Incentive scheme.

What will open up in Kolkata after lockdown

What will open up in Kolkata after lockdown

Rediff.com30 Apr 2020

The state has decided that from Monday it will allow the plying of private buses along with the opening of electronics, stationery, tea stalls, and paint and hardware stores, reports Avishek Rakshit

Infra for 5G network not yet ready in India: Experts

Infra for 5G network not yet ready in India: Experts

Rediff.com9 Mar 2021

5G networks in India can be deployed in three months but in limited areas as the optical fibre based infrastructure to support the technology is not ready yet, telecom industry players said on Tuesday. Nokia India head of marketing and corporate affairs Amit Marwah said that India has to take a call on deployment of 5G services otherwise it will miss to take advantage of the next generation technology that it can bring for the economy.

Indian smartphone brands reeling under Chinese onslaught

Indian smartphone brands reeling under Chinese onslaught

Rediff.com24 Jan 2022

The onslaught of Chinese mobile brands is virtually obliterating Indian brands, especially in terms of value. According to industry estimates based on excise and Custom duty trends, the value share of Indian brands (across smartphones and feature phones, operator phone sales - which is mostly Jio phones - and the value of phones smuggled into the country) has dropped to a mere 1.2 per cent in January-October 2021 compared to 25.4 per cent in the calendar year 2015. In the same period, the Chinese have established their domination, hitting a value share of 64.5 per cent, up from 17.8 per cent.