News for 'pli'

India's battle plan: 'We will go out and fight'

India's battle plan: 'We will go out and fight'

Rediff.com12 Jan 2024

India coach Igor Stimac wants his players to stay compact and not concede set pieces to Australia

About 3 lakh pray at Ram temple; VIPs urged to inform visit in advance

About 3 lakh pray at Ram temple; VIPs urged to inform visit in advance

Rediff.com24 Jan 2024

Amid the huge rush of devotees in Ayodhya, Chief Minister Yogi Adityanath held a meeting with officials in Lucknow to review the steps taken for crowd management and advised VIPs planning to visit the temple to inform the authorities in advance.

Beautiful Dal Lake In The Rain

Beautiful Dal Lake In The Rain

Rediff.com19 Apr 2023

Shikaras on Dal Lake with cloud- covered mountains for company.

Govt may ask Apple CEO Tim Cook to make more iPhones in India

Govt may ask Apple CEO Tim Cook to make more iPhones in India

Rediff.com14 Apr 2023

In the run-up to Apple CEO Tim Cook's visit to India, government officials are finalising the talk points with the Cupertino-headquartered tech major. Officials said that the government would like Apple to "deepen" the company's engagement in the manufacturing and assembly of iPhones in the country and not limit itself only to the minimum commitments made under the production-linked incentive (PLI) scheme for mobile devices. The conversations between the two sides are likely to focus on that.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

Bike-taxi can't run in Delhi for now, says SC

Bike-taxi can't run in Delhi for now, says SC

Rediff.com12 Jun 2023

The bench, which stayed the May 26 order of the Delhi HC, also recorded the Delhi government counsel's submission the final policy will be notified before July-end.

70K security personnel fortify Delhi for Republic Day celebrations

70K security personnel fortify Delhi for Republic Day celebrations

Rediff.com25 Jan 2024

Out of over 70,000 personnel, 14,000 will be deployed at and around Kartavya Path for the security of the Republic Day parade, they said.

Drug money dispute led to murder of 4 in Manipur

Drug money dispute led to murder of 4 in Manipur

Rediff.com2 Jan 2024

The situation in minority-dominated Lilong Chingjao area in Manipur's Thoubal district, where four villagers were gunned down by unidentified assailants, remained calm but tense on Tuesday as additional security forces were deployed, an official said.

Import curbs on laptops: Industry gets a breather

Import curbs on laptops: Industry gets a breather

Rediff.com4 Aug 2023

The move is expected to offer a breather to companies, who have been on tenterhooks following Thursday's order. DGFT will soon issue a notification on timeline extension, IT Ministry sources said. In a post on 'X' social media platform (earlier known as Twitter), Minister of State for Electronics and IT Rajeev Chandrasekhar said: "There will be a transition period for this to be put into effect, which will be notified soon".

4th Test PIX: Bashir leaves India in a mess on Day 2

4th Test PIX: Bashir leaves India in a mess on Day 2

Rediff.com24 Feb 2024

Images from Day 2 of the fourth Test between India and England in Rajkot on Saturday, February 24.

Who Will Sign These Uncapped Players?

Who Will Sign These Uncapped Players?

Rediff.com7 Dec 2023

The IPL has been a platform where uncapped players have excelled and many have made their way into the national side. Ahead of this year's auction, a look at uncapped players who could initiate a bidding war among the franchises.

Jharkhand Boys From MI-CSK at Wankhede

Jharkhand Boys From MI-CSK at Wankhede

Rediff.com8 Apr 2023

M S Dhoni had a brief conversation with Ishan Kishan at the iconic Wankhede Stadium.

Hasaranga quits Tests; focuses on limited-overs glory

Hasaranga quits Tests; focuses on limited-overs glory

Rediff.com15 Aug 2023

SL all-rounder Wanindu Hasaranga retires from Test cricket

South African player's inspirational comeback story

South African player's inspirational comeback story

Rediff.com1 Jan 2024

David Bedingham said it is a dream to score a hundred in front of friends and family as he owes them a lot.

Q3 result preview: US, India to aid revenue growth for Pharma Inc

Q3 result preview: US, India to aid revenue growth for Pharma Inc

Rediff.com30 Jan 2024

The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.

Laptop, tablet imports surge 42% amid licensing fears

Laptop, tablet imports surge 42% amid licensing fears

Rediff.com27 Nov 2023

India's import of personal computers, including laptops and tablets, shot up in September by 42 per cent to $715 million, reversing a year-long downward trend after the government announced it would impose import restrictions on such electronic hardware items in August. The rise in such imports were led by the largest source China (33 per cent) and Singapore (188 per cent), according to data released by the commerce department. On August 3, the Centre had announced it was planning to bring seven products in the information technology hardware segment, such as personal computers, micro computers, mainframe computers, super computers, computer systems and data processing units under the 'restricted' label.

SEE: Face of Ram Lalla idol at Ayodhya temple revealed

SEE: Face of Ram Lalla idol at Ayodhya temple revealed

Rediff.com19 Jan 2024

The new idol of Lord Ram was placed in the sanctum sanctorum of Ayodhya's Ram Janmabhoomi temple on Thursday afternoon, ahead of the January 22 consecration ceremony.

Unseasonal rains to impact performance of consumer durables in Q1

Unseasonal rains to impact performance of consumer durables in Q1

Rediff.com25 Jul 2023

Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter. Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying. "While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10-12 per cent," observes the brokerage.

Has Apple's Roller-Coaster Ride In India Ended?

Has Apple's Roller-Coaster Ride In India Ended?

Rediff.com21 Apr 2023

The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.

Two Cheers! India Is In A Good Place

Two Cheers! India Is In A Good Place

Rediff.com2 Jan 2024

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, notes T N Ninan.

BMC issues guidelines as air quality worsens in Mumbai

BMC issues guidelines as air quality worsens in Mumbai

Rediff.com25 Oct 2023

Builders in the city must engage only the vehicles fitted with a tracking system for the transportation of construction materials, the guidelines said.

Tatas to be India's first homegrown iPhone maker

Tatas to be India's first homegrown iPhone maker

Rediff.com27 Oct 2023

Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.

Kuldeep Yadav's rise and Yuzvendra Chahal's fall

Kuldeep Yadav's rise and Yuzvendra Chahal's fall

Rediff.com10 Jan 2024

Tahir felt left-arm wrist spinner Kuldeep was able to grab the opportunities that came along his way.

Strike cripples life in Manipur's Imphal Valley; hill districts unaffected

Strike cripples life in Manipur's Imphal Valley; hill districts unaffected

Rediff.com5 Aug 2023

The committee's convenor L Binod had earlier said that the strike is not to add to the hardships of the people, but to 'pressure the government.'

'We prefer stocks likely to gain from strong domestic growth potential'

'We prefer stocks likely to gain from strong domestic growth potential'

Rediff.com26 Dec 2023

'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'

Sectors & stocks analysts are betting on post the state poll outcome

Sectors & stocks analysts are betting on post the state poll outcome

Rediff.com13 Dec 2023

The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.

Lack of valuation comfort may enhance gains in capital goods sector

Lack of valuation comfort may enhance gains in capital goods sector

Rediff.com12 Dec 2023

Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.

Stringent traffic curbs kick in as Delhi welcomes G20 leaders

Stringent traffic curbs kick in as Delhi welcomes G20 leaders

Rediff.com8 Sep 2023

Police have advised people to use the navigation app 'Mapmyindia' to get around the city till the restrictions are in place.

Wistron Deal: Tata Gets Global Reach, Apple Gets to Hedge Geopolitical Bets

Wistron Deal: Tata Gets Global Reach, Apple Gets to Hedge Geopolitical Bets

Rediff.com14 Nov 2023

The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.

New manufacturing projects decline in June 2023, shows CMIE data

New manufacturing projects decline in June 2023, shows CMIE data

Rediff.com4 Jul 2023

New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.

Tata group may acquire Wistron's $600-mn iPhone factory by August

Tata group may acquire Wistron's $600-mn iPhone factory by August

Rediff.com12 Jul 2023

The Tata group is close to acquiring Wistron's $600-million factory in southern Karnataka by next month, according to reports. The Wistron unit makes iPhones for the Cupertino-based company. Sources said that Wistron will continue to provide the Tatas technical know-how on assembling the phone and keep back some personnel during the transition process.

Govt tweaks licensing norms for laptop, computer imports

Govt tweaks licensing norms for laptop, computer imports

Rediff.com19 Oct 2023

The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.

Heavy industries' ministry scraps human safety tests for EV batteries

Heavy industries' ministry scraps human safety tests for EV batteries

Rediff.com7 Sep 2023

The Centre on Wednesday scrapped the mandatory human safety tests for electric vehicle (EV) batteries required to qualify for incentives under various government schemes. The ministry of heavy industries, in its fresh guidelines, has made compliance with the ministry of road transport and highways (MoRTH's) prevailing EV battery testing standards the only requirement to get incentives under the Centre's various incentive schemes.

Karnataka bandh: 44 flights cancelled; train, bus services hit

Karnataka bandh: 44 flights cancelled; train, bus services hit

Rediff.com29 Sep 2023

As many as 44 flights to and from the Kempegowda International Airport in Bengaluru were cancelled owing to the Karnataka bandh over the Cauvery water sharing issue with Tamil Nadu, airport authorities said.

Aurobindo Pharma: Strong prospects offset by valuation concerns

Aurobindo Pharma: Strong prospects offset by valuation concerns

Rediff.com2 Nov 2023

Since the start of this financial year (FY24), the stock of Aurobindo Pharma has been one of the top pharma gainers, enhancing investor wealth by over 68 per cent, with a third of those gains coming in the last three months. The stock is riding on multiple triggers given its investments in the production-linked incentive or PLI scheme, biosimilars, injectables and vaccines, which should drive revenues and profits over the medium term. Better than expected performance after the June quarter results led to a revision of earnings estimates for FY24 and FY25.

2 BJP workers among 18 held for attack on Meghalaya CM's office

2 BJP workers among 18 held for attack on Meghalaya CM's office

Rediff.com25 Jul 2023

The attack, resulting in arson and vandalism, took place when Chief Minister Conrad K Sangma was holding a meeting with leaders of Achik Conscious Holistically Integrated Krima (ACHIK) and Garo Hills State Movement Committee (GHSMC), who were fasting to press for their demand to make Tura the winter capital of the northeastern state. The CM, who was inside the building, was not injured in the violence.

Implementation of import curbs on laptops deferred to Oct 31

Implementation of import curbs on laptops deferred to Oct 31

Rediff.com5 Aug 2023

The government on Friday deferred the implementation of the import restriction order on laptops and computers (including tablet computers) by about three months till October 31, a move that gives more time to electronic companies to import these devices without a licence. Nw, these companies would need to take a licence from the government to import these devices from November 1. On August 3, the government put the import of these devices under a licence regime with immediate effect.

India will lead the world on 6G: Modi

India will lead the world on 6G: Modi

Rediff.com27 Oct 2023

Prime Minister Narendra Modi, speaking at the India Mobile Congress in New Delhi on Friday reeled out statistics to show how India has turned into an exporter of mobile phones from being an importer and how big tech companies -- from Apple to Google -- are lining up to become manufacturers in the country. He said after the fastest rollout of 5G mobile telephony services, India will lead the world on 6G. Recalling the launch of 5G technology in the country on October 1, 2022, he remarked that within a year there are about 5 lakh 5G base stations across the country.

'Foxconn chief is backing Modi's Make-in-India'

'Foxconn chief is backing Modi's Make-in-India'

Rediff.com7 Sep 2023

India will be an important country in terms of manufacturing in future, Young Liu, chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse. In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are "very, very huge opportunities". "If there is no big change, India will be a very important country in terms of manufacturing in the future," Liu said.