The government is believed to have slashed the outlay for the automobile sector under the production-linked incentive (PLI) scheme to about Rs 26,000 crore
The cabinet has approved the PLI scheme for textiles for MMF (man-made fibre) apparel, MMF fabrics and ten segments/products of technical textiles
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
After the approval, the textiles ministry would come with detailed guidelines of the scheme for these sectors
The prime objective of the scheme is to make manufacturing in India globally-competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
Goyal says PLI and mega textile parks scheme to be approved soon
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'We must aim for a $100 billion export target in the next five years,' says Textiles Minister
Total revenue for all Lenovo Group businesses in India was approximately $462 million for the quarter ended June 30, 2021
Global brands find import of laptops, tablets cheaper than making in India
The strategic alliance will design and manufacture tablets, laptops, hearables, wearables, telecom products.
Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum
Minister bats for widening the scope of NDB to strengthen social infra
The budgetary outlay for the scheme is Rs 6,238 crore
PLI for pharmaceutical products has export generation potential of Rs 1,96,000 crore over a period of six years, Parliament was informed on Tuesday.
Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'
Move likely to attract investment of Rs 40,000 crore, capacity addition of 25 mn tonnes; create over 500,000 jobs
A basic Customs duty of 40 per cent on solar cells and 25 per cent on modules will come into effect from April 1, 2022
Housing societies to get property tax rebate for setting up charging stations; State targets 10% share of EVs in total registrations by 2025