News for 'pli'

Farewell, DK!

Farewell, DK!

Rediff.com24 May 2024

Andy Flower thinks DK may take up coaching once he calls time on his career.

Rollout of new PLIs unlikely as govt eyes 'course correction'

Rollout of new PLIs unlikely as govt eyes 'course correction'

Rediff.com14 Oct 2023

The government has decided to hold off introducing the production-linked incentive (PLI) scheme for additional sectors until it verifies the efficacy of existing initiatives. Top government officials have received mixed feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister, people aware of the matter said. "There are no new PLI schemes in the offing.

What's Kareena Doing At The Wankhede?

What's Kareena Doing At The Wankhede?

Rediff.com15 Apr 2024

Look who turned up to watch the CSK-MI game on Sunday night.

Navy rescues Panama ship with 22 Indians onboard after Houthi missile attack

Navy rescues Panama ship with 22 Indians onboard after Houthi missile attack

Rediff.com28 Apr 2024

Indian Navy's destroyer INS Kochi responded following the attack on the vessel, MV Andromeda Star, on April 26, officials said, adding all the crew members are safe.

Nobel laureate Mohammad Yunus to head Bangladesh's interim govt

Nobel laureate Mohammad Yunus to head Bangladesh's interim govt

Rediff.com7 Aug 2024

The other members of the interim government will be finalised after consultations with various political parties, the press secretary added.

B'desh Prez dissolves parliament, ex-PM Khaleda freed

B'desh Prez dissolves parliament, ex-PM Khaleda freed

Rediff.com6 Aug 2024

Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.

Rising demand for ACs pushes up Voltas stock

Rising demand for ACs pushes up Voltas stock

Rediff.com10 Jul 2024

The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution expansion, slew of launches and backward integration are expected to forge a good operating performance for the company. In the core RAC segment, there are multiple triggers for the company.

Dirty Air, 2nd Largest Global Killer

Dirty Air, 2nd Largest Global Killer

Rediff.com20 Jun 2024

Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Bharat Bandh hits life in Bihar, J'hand, tribal belts

Rediff.com21 Aug 2024

The response was tepid in other parts of the country even as several INDIA bloc parties as well as other non-BJP outfits extended their support to the bandh.

What does Piyush Goyal's Tesla visit mean?

What does Piyush Goyal's Tesla visit mean?

Rediff.com14 Nov 2023

Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.

Focus shifts from exports to import substitution

Focus shifts from exports to import substitution

Rediff.com8 Sep 2023

It started out as a Production Linked Incentive (PLI) scheme to make India an export hub. But after many a twist and turns, the latest 2.0 PLI for IT hardware, for which the 40 eligible candidates have applied till its deadline, is now focused on 'import substitution'. The scheme will help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers.

BPCL divestment completely off the table, says Hardeep Singh Puri

BPCL divestment completely off the table, says Hardeep Singh Puri

Rediff.com12 Jun 2024

BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.

Why it won't be easy for Tesla to drive into India

Why it won't be easy for Tesla to drive into India

Rediff.com10 Mar 2024

India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.

Russell backs KKR coach despite 'militant' label

Russell backs KKR coach despite 'militant' label

Rediff.com28 Mar 2024

Pandit, who is known as a disciplinarian, had taken over as KKR coach ahead of IPL 2022 after Brendon McCullum accepted England's head coach job.

Govt junks Tesla's demand for company-specific incentives

Govt junks Tesla's demand for company-specific incentives

Rediff.com1 Dec 2023

India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. If the government has to consider providing incentives then it will only be for all EV makers and entrants who want to come to India, the official said. The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" came to any conclusion on those.

Budget 2024: What India Inc wants from Nirmalaji

Budget 2024: What India Inc wants from Nirmalaji

Rediff.com20 Jun 2024

India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.

What India Inc Expects From Modi 3.0

What India Inc Expects From Modi 3.0

Rediff.com7 Jun 2024

'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'

Sacrifices reap rewards for parents of Olympic shuttlers

Sacrifices reap rewards for parents of Olympic shuttlers

Rediff.com23 Jul 2024

'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'

EV makers lukewarm to new subsidy scheme

EV makers lukewarm to new subsidy scheme

Rediff.com16 Mar 2024

Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).

L&T takes on global peers with electrolyser play

L&T takes on global peers with electrolyser play

Rediff.com27 Feb 2024

Engineering conglomerate Larsen & Toubro (L&T) is preparing the ground to begin the commercial sale of electrolysers in September, which would be 50 per cent cheaper than its European counterparts, a senior company executive has said. An electrolyser is a key equipment required for the generation of green hydrogen. Last quarter, L&T manufactured its first electrolyser as a prototype.

'From Mumbai maidans to batting together for the Indian team'

'From Mumbai maidans to batting together for the Indian team'

Rediff.com19 Feb 2024

Suryakumar Yadav lauded his Mumbai team-mates who put up a match-winning performance with the bat.

T20 WC: Afghanistan deserve to be in the semis: Rashid

T20 WC: Afghanistan deserve to be in the semis: Rashid

Rediff.com25 Jun 2024

Afghanistan scripted history by qualifying for their maiden T20 World Cup semi-final with a win over Bangladesh on Tuesday.

'Even If We Have To Die, We Won't Let This Port Come Up'

'Even If We Have To Die, We Won't Let This Port Come Up'

Rediff.com13 Sep 2024

'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'

Time To Be Cautious In Bull Market

Time To Be Cautious In Bull Market

Rediff.com10 Jan 2024

A piece of slightly negative news can cause a serious setback, warns Debashis Basu.

India to tap 12% of global iPhone production in FY24, up from 9% earlier

India to tap 12% of global iPhone production in FY24, up from 9% earlier

Rediff.com25 Jan 2024

Apple Inc is expected to produce iPhones worth $12 billion (freight on board value) in India during 2023-24, according to discussions between the company's vendors and the government. This would account for around 12 per cent of Apple's global iPhone production-higher than the earlier plan of shifting around 9 per cent of the total to India by FY24, which is the third year of the PLI (production-linked incentive) scheme.

India Inc capital expenditure story gets cement to semiconductor push

India Inc capital expenditure story gets cement to semiconductor push

Rediff.com19 Apr 2024

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.

Pune accident: Registration of Porsche car that mowed down 2 yet to be done

Pune accident: Registration of Porsche car that mowed down 2 yet to be done

Rediff.com22 May 2024

Maharashtra transport commissioner Vivek Bhimanwar told PTI that the Porsche car was imported in March by a dealer in Bengaluru and from there it was sent to Maharashtra on a temporary registration.

Action Packed Time For Two-Wheelers!

Action Packed Time For Two-Wheelers!

Rediff.com19 Aug 2024

The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...

'It was a people's election'

'It was a people's election'

Rediff.com27 Jun 2024

'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'

Why's Siraj Heartbroken?

Why's Siraj Heartbroken?

Rediff.com22 Dec 2023

Mohammed Siraj took to Instagram and posted a story with a series of broken heart emojis. But what does his post mean?

When Paradise Freezes Over

When Paradise Freezes Over

Rediff.com11 Dec 2023

Night temperatures have plummeted in Kashmir with the weekend recording the coldest nights of the season.

Batters To Light Up T20 World Cup

Batters To Light Up T20 World Cup

Rediff.com31 May 2024

Batters likely to set the World Cup alight with their big striking...

Stock market gives thumbs up to Siemens' strong performance in Q2

Stock market gives thumbs up to Siemens' strong performance in Q2

Rediff.com23 May 2024

Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Rediff.com1 Mar 2024

The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.

Gains in tech firm ABB India may sustain on strong margin outlook

Gains in tech firm ABB India may sustain on strong margin outlook

Rediff.com21 May 2024

ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).

Why Purvanchal Is Challenging For BJP

Why Purvanchal Is Challenging For BJP

Rediff.com29 May 2024

The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.

UP man modifies car into 'helicopter'; fined

UP man modifies car into 'helicopter'; fined

Rediff.com20 Mar 2024

Enterprising creator, Ishwar Deen who poured in over two-and-a-half lakh rupees into his labour of love was ordered to dismantle the rotor that he had welded on to the roof of an old car to make it resemble a chopper.

How Zetwerk is shaking up India's smart TV market

How Zetwerk is shaking up India's smart TV market

Rediff.com11 Oct 2023

Zetwerk is not exactly a household name, but this unicorn, boasting revenues of Rs 11,450 crore as of last year, is among the top four electronics manufacturers in India. The startup is capitalising on a notable trend in smart TV sales - fall in collective shipments from top brands like Xiaomi, Samsung, LG and an uptick in the market share of smaller, regional, and online brands. Emerging as a key Electronics Manufacturing Services (EMS) player, Zetwerk operates a plant in Haryana that caters to 10 per cent of the country's overall smart TV production capacity.

'Pakistan has mental block when it comes to playing India in World Cup'

'Pakistan has mental block when it comes to playing India in World Cup'

Rediff.com15 May 2024

Former Pakistan captain Misbah-ul-Haq believes his country will find it difficult to edge past India when the two sides clash in next month's T20 World Cup as there seems to be a "mental block" when it comes to playing the arch-rivals in ICC events.

Winning Worlds in Olympic category was huge: Lovlina

Winning Worlds in Olympic category was huge: Lovlina

Rediff.com23 Apr 2024

Lovlina Borgohain is aware that fierce competition awaits her at the Paris Olympics but the ace Indian boxer is quietly confident of snaring a second successive Games medal, having found considerable success in her new category, which is also closer to her natural body weight.