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Industry hails Centre’s disbursement of Rs 14,020 crore as incentive under PLI scheme
Business

Industry hails Centre’s disbursement of Rs 14,020 crore as incentive under PLI...

New Delhi, March 24: The industry on Monday applauded the government's commitment to strengthening India's manufacturing sector through the disbursement of Rs 14,020 crore under the production-linked incentive (PLI) scheme across multiple sectors, driving sales of Rs 14 lakh crore.The Centre has...
PLI for telecom products sees Rs 4,081 cr investment, sales worth Rs 78,672 cr
Business

PLI for telecom products sees Rs 4,081 cr investment, sales worth Rs 78,672 cr

New Delhi, March 22: In a boost for the ‘Make in India’ initiative, the production-linked incentive (PLI) scheme for telecom and networking products has seen an investment of Rs 4,081 crore (as on January 31), generating total sales of Rs 78,672 crore. It includes export sales worth Rs 14,963 core....
Korean Air to sign $32.7 bn in aircraft deals with Boeing, GE Aerospace
Business

Korean Air to sign $32.7 bn in aircraft deals with Boeing, GE Aerospace

Seoul, March 22: Korean Air Lines, South Korea's national carrier, will acquire some 20 aircraft from US Boeing and procure spare engines from GE Aerospace, in a combined deal worth US$32.7 billion, Seoul's industry ministry said. A pre-signing ceremony took place at the Department of Commerce in...
Trade tariffs: Trump restates his
Business

Trade tariffs: Trump restates his 'flexibility,' pursuit of ‘reciprocity’

Washington, March 22: US President Donald Trump has reiterated that he will exert flexibility on tariff policies, but his administration's new levies on goods coming into the United States would "basically" be "reciprocal." During a press availability, Trump made the remarks as his administration...
MSMEs to drive IT sector towards $450 billion services export target: Piyush Goyal
Business

MSMEs to drive IT sector towards $450 billion services export target: Piyush...

New Delhi, March 21: Led by MSMEs, the IT sector can achieve an ambitious $450 billion services export target in the next financial year, Union Minister of Commerce and Industry, Piyush Goyal, has emphasised. Goyal underscored the critical role of the IT and IT-enabled services (ITES) sector in...
SEBI cracks down on firms diverting funds for personal use
Business

SEBI cracks down on firms diverting funds for personal use

Mumbai, March 21: The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints from whistleblowers. SEBI is reported to have initiated investigations against these...
Air India’s London flights disrupted as power outage hits Heathrow airport
Business

Air India’s London flights disrupted as power outage hits Heathrow airport

New Delhi, March 21: Nation’s largest carrier Air India on Friday said that its operations, to and from London Heathrow (LHR), have been disrupted following the temporary suspension of operations at the airport. London's Heathrow Airport has been shut down for the day after a fire in a substation in...
Indian economy remains resilient amid rising global challenges: RBI bulletin
Business

Indian economy remains resilient amid rising global challenges: RBI bulletin

Mumbai, March 20: Amidst growing global economic uncertainty, the Indian economy continues to demonstrate resilience as is evident in the robust performance of the agriculture sector and improving consumption, according to the RBI’s latest monthly bulletin. The resilience of the global economy is...
Extending affordable financial protection to every insurable individual: LIC CEO
Business

Extending affordable financial protection to every insurable individual: LIC CEO

New Delhi, March 20: Siddhartha Mohanty, CEO and MD of Life Insurance Corporation of India (LIC), said on Thursday that the nation's largest insurer has consistently focused on reaching rural areas and economically and socially disadvantaged sections. A day after a delegation of LIC agents met the...
‘Sagarmala 2.0’ to catalyse investments worth Rs 12 lakh crore: Minister
Business

‘Sagarmala 2.0’ to catalyse investments worth Rs 12 lakh crore: Minister

New Delhi, March 20: The Centre is currently executing 839 projects worth Rs 5.79 lakh crore under the 'Sagarmala' programme, with 272 projects already completed at an investment of Rs 1.41 lakh crore. The next ‘Sagarmala 2.0’ initiative is a visionary upgrade with a new focus on shipbuilding,...
Maha govt tables bill to amend Stamps Act
Business

Maha govt tables bill to amend Stamps Act

Mumbai, March 19: The Maharashtra government has tabled the bill to amend the Maharashtra Stamps Act, 1958. This was necessitated after the Deputy Chief Minister and Finance Minister Ajit Pawar in his budget for 2025-26 proposed to mobilise additional revenue by revising stamp duty charged on...
India, Norway to deepen bilateral trade, investment ties
Business

India, Norway to deepen bilateral trade, investment ties

New Delhi, March 19: India and Norway are looking to strengthen their trade and investment partnership, Union Commerce Minister Piyush Goyal said on Tuesday after a discussion with Norway's Minister of Foreign Affairs, Espen Barth Eide. The leaders deliberated on ways to enhance economic...
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