'India needs offensive and defensive security measures to protect itself.'
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.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
The EU is challenging the introduction of import duties on a wide range of ICT products, for instance mobile phones and components, base stations, integrated circuits and optical instruments
There is a new energy in 2015 and a new breed of young, ambitious innovators and entrepreneurs who are coming up with creative solutions to many of India's problems, says Mallika Kapur.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
The idea is to create a start-up-like activity with a small business unit.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
Seamlessly integrating multiple devices is becoming the single most important strategy for retailers, says Ritwik Sharma.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
'With the largest number of malnourished people on the planet, India is poised to be a nation that significantly under-performs as an economy.'
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
With the price of a cylinder touching Rs 800, it's becoming increasingly unaffordable to an already price-sensitive population, threatening to risk one of the most-celebrated campaigns of the Modi regime, reports Twesh Mishra.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Engineering product firms were among the first to embrace AI and machine learning. And the early adopters are reaping gains.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
The company will be taking its total outsourcing offering to the retailers in the small and medium enterprise category, whereas for the large retailers, it will pitch the best-of-the-breed target solutions to cater to specific problems.
Camera makers are getting bullish on Indian markets as the consumer base here is increasing. Major camera brands are banking on retail sales in India. For this, Nikon has tied up with consumer electronics retail chains such as Croma, while Sony India has exclusive retail store network. Samsung has tie-ups with Reliance Digital, Croma, and other multi brand outlets. But all the brands face stiff competition from grey markets that are canabalising the brands' share in retail.
Intrapreneurs are more diverse in their skill sets and backgrounds, more digitally native, more networked and connected, and more ambitious to do bigger things. A fascinating excerpt from Simone Ahuja's Jugaad 3.0: Hacking The Corporation To Make It Fast, Fluid And Frugal.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
Ash and Abhi help the TTK Group strengthen its mass appeal.
The job cuts will affect almost a fifth of the bank's workforce.
Investors remain cautious ahead of F&O expiry.
The JV, Voltbek Home Appliances, aims to take on LG, Samsung as well as home-grown players such as Godrej among others head on with a slew of products that hopes to combine the best of both worlds -- European technology and design, with Indian pricing and delivery.
'We will see a kind of disaster which the country has not seen in the last 100 years.'
iGate Global Solution plans to hire over 100 IT professionals in Japan over the next 6-12 months targeting the huge Japanese IT services market with its Integrated Technology and Operations model.
Manufacturer Nissan plans to get aggressive with brand communication and increase the number of customer touchpoints through showrooms, experience zones and other initiatives.
The deteriorating situation in China, a market that businesses around the world rely upon for growth, has spooked investors and prompted warnings from top companies like Apple.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
The beauty queen turned actor talks about her new athleisure start-up.
Or it could lose you one, says Samali Basu Guha.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances