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India projected to become world’s third largest economy overtaking Japan and Germany: S&P

India’s real GDP is expected to grow at a pace of 6.3% annually between FY2021-30 – more than the g…

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India is reportedly in talks with TSMC, Intel and other semiconductor giants to set up local production plants in the country

In a bid to push the semiconductor industry, which is in nascent stages, the Indian government is w…

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Adani JV and IdeaForge among 14 firms shortlisted as beneficiaries for drone PLI scheme

Under the PLI scheme that was announced last year, the incentive for a manufacturer of drones and d…

PTI   


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India makes a $10 billion bet to woo chip makers at home

China Plus One refers to reducing dependency on supply chains only in China, and diversifying bu…

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Govt approves PLI scheme for making drones with outlay of Rs 120 cr, comes out with norms

The government has approved the production-linked incentive (PLI) scheme for drones and drone compo…

ANI   


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Nokia, Foxconn among global firms to benefit from India's telecom PLI scheme of ₹3,345 crore

"The investment of Rs 3,345 crore in the next 4.5 years is just a beginning. Government is helpi…

PTI   


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India is likely to promote UPI, Rupay to de-risk itself, says Motilal Oswal report

While the current crisis has directly/indirectly impacted most of the sectors from a demand/su…

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Tax cuts, extension of PLI scheme will benefit consumer durables industry

Increase in customs duty on certain inputs may increase India production. Any additional levy …

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Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant

Finally, some of the semiconductor shortage will hopefully ease after the Indian government announc…

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Government announces ₹12,000 crore PLI scheme for telecom sector

The Cabinet has approved production-linked incentive (PLI) scheme for telecom equipment manufact…

PTI   


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Sensex tops 59,000 mark, Telecom stocks soar

India's key stock indices rose during mid-afternoon trade session on Thursday to reach new intra-da…

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Alok Industries, Arvind, Deepak Spinners, Trident gain on PLI for textiles sector, analysts expect the rally to continue

A few textile company stocks gained on Wednesday as investors cheered the government’s approval for…

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Union Cabinet approves PLI scheme worth ₹10,683 crore for textiles

Under the scheme incentives worth ₹10,683 crore will be provided over five years. The gover…

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Electric two wheeler sales volume in India expected to reach 22 million by 2030, says Redseer report

The electric two-wheeler sales volume in India is expected to reach 22 million by 2030, according t…

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The time for PLI 2.0 is now: Budget 2023-24 needs to deliver if India is to become the factory of the world

The Production-Linked Incentive (PLI) scheme announced by the government of India in March 2020, st…

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India approves PLI scheme worth ₹10,900 crore in the food processing industry – FMCG stocks celebrate the news

“This will benefit farmers; this is a fitting tribute to 'Annadatas' (food providers), who despi…

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Government approves ₹26,058 crore PLI scheme for auto and drone industries

The ₹26,058 crore will be divided between the auto sector and the drone industry out of which …

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Auto stocks turn outliers in a weak market as government approves 75 auto firms for PLI scheme

About 75 auto component makers have been approved by the government for incentive under the product…

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A playbook for Budget 2021 to boost electronics manufacturing in India

In line with its Atmanirbhar Bharat (self-reliant India) campaign, the Indian government has put ma…

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Union Cabinet approves ₹6,322 crore PLI scheme to boost the steel manufacturing industry

In a major development for the country's steel sector, the Union Cabinet on Thursday approved a pro…