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News for 'PLI'

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.

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.

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

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.

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.

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.

'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 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.

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.

'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.'

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.

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.

Lessons Tesla's Musk can learn from Apple to enter India

Lessons Tesla's Musk can learn from Apple to enter India

Rediff.com25 Jan 2022

Tesla

'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.'

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.

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

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.

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.

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.

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.

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?'.

'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.

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.

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.

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.

Toxic air: Delhiites complained of pneumonia, chest infections

Toxic air: Delhiites complained of pneumonia, chest infections

Rediff.com2 Nov 2022

Health expert termed the problems caused due to the rise in pollution as a "medical emergency".

'Important to assess all investment options'

'Important to assess all investment options'

Rediff.com19 May 2022

'Then select those that are well-aligned with your risk-return profile and investment time horizon.'

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.

Bombay HC asks all cab firms to apply for licences by March 16

Bombay HC asks all cab firms to apply for licences by March 16

Rediff.com7 Mar 2022

The HC, though, refrained from prohibiting such cabs from plying in the meanwhile saying it was aware such a move would adversely affect commuters.

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.

Odisha train mishap: Railways seeks CBI probe, here's why

Odisha train mishap: Railways seeks CBI probe, here's why

Rediff.com4 Jun 2023

Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.

India expected to see 7% growth next fiscal: CEA

India expected to see 7% growth next fiscal: CEA

Rediff.com28 Jul 2021

Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections.

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.

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

Modi meets top American CEOs in first engagement in US

Modi meets top American CEOs in first engagement in US

Rediff.com23 Sep 2021

Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.

RoundGlass Punjab clinch historic I-League; Karnataka bag Santosh Trophy

RoundGlass Punjab clinch historic I-League; Karnataka bag Santosh Trophy

Rediff.com4 Mar 2023

RoundGlass Punjab FC scripted history on Saturday as they clinched the I-League title with a game to spare.

Face masks, hand sanitisers out of essential commodities list

Face masks, hand sanitisers out of essential commodities list

Rediff.com7 Jul 2020

On March 13, the Union consumer affairs ministry had declared face masks and hand sanitisers as essential commodities for 100 days to boost supply and prevent hoarding of these items in its fight to check the spread of coronavirus.

Reliance sets its drone biz plan in motion

Reliance sets its drone biz plan in motion

Rediff.com18 Feb 2022

Reliance Industries has put together an aggressive plan to build its drone business which includes expanding manufacturing capacity five-fold, participating in the new drone production linked incentive scheme, and experimenting with limited logistics payloads to deliver goods. The target is to become a key player in the expected $5 billion market in India by the end of the decade. The drone business is being carried out through a Bangalore-based start up, Asteria Aerospace, in which Reliance has taken a majority stake. Asteria is a subsidiary of Jio Platforms Ltd.

Fleming says India should play in overseas T20 leagues

Fleming says India should play in overseas T20 leagues

Rediff.com11 Nov 2022

"You look at the CPL which becomes more important with the next World Cup being there in the Caribbean, and how many players can you get put into that tournament to get an idea of conditions. It is an advantage,"

How Sunil Vachani plans to take Dixon Tech global

How Sunil Vachani plans to take Dixon Tech global

Rediff.com14 Jan 2021

Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.

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