[ad_1] Indian equity markets wrapped up a challenging FY25 with 3% gains on the Sensex and Nifty. Having said that, Indian stocks underperformed major global peers like the US, Europe, and even China. The last trading session of the financial year wasn’t much to cheer about either, with markets closing slightly in the red. Gold, […]
Dixon Tech forms JV with Signify Innovations to manufacture lighting products and accessories in India – CNBC TV18
[ad_1] Dixon Technologies on Thursday, March 27, said it has formed a joint venture with Signify Innovations India Limited, focusing on the original equipment manufacturing (OEM) of lighting products and accessories in India. Under the terms of the agreement, both Dixon and Signify will hold an equal 50% stake in the newly formed JV. Neither […]
BMW Industries gains 10% on MoU with Ministry of Steel for speciality steel under PLI scheme – CNBC TV18
[ad_1] Shares of BMW Industries Ltd surged nearly 10% on Tuesday after the company entered into a Memorandum of Understanding (MoU) with the Ministry of Steel, Government of India, under the Production Linked Incentive (PLI) Scheme 1.1 for speciality steel. The agreement was signed on March 24, 2025, at Vigyan Bhawan, New Delhi, BMW Industries […]
India’s semiconductor boom: Will Trump 2.0 disrupt the momentum? – CNBC TV18
[ad_1] “That chip deal is so bad,” US President Donald Trump criticised Joe Biden’s CHIPS and Science Act during his interview on “The Joe Rogan Experience” podcast in October last year. Not only did he signal his commitment to attain the United States’ technological independence by reshoring and reducing reliance on foreign supply chains but […]
Union Budget 2025: Renewable energy sector demands incentives for battery energy storage systems – CNBC TV18
[ad_1] India’s renewable energy sector is at a pivotal moment. With a milestone of 200 gigawatts already achieved, the ambitious goal of 500 gigawatts by 2030 demands an exponential increase in deployment. This crucial leap forward hinges on bolstering battery energy storage systems (BESS) to stabilise the grid and optimise renewable energy utilisation. However, the […]
ICEA Chairman sees immense potential for India in global manufacturing – CNBC TV18
[ad_1] India’s manufacturing story is one of immense potential, but it’s also riddled with challenges. At around just 2.8% of global manufacturing output, India lags significantly behind China, which accounts for a whopping 33%. This stark gap highlights the structural issues India must address to become a global manufacturing powerhouse, says Pankaj Mohindroo, Chairman of […]
Kaynes Tech eyes expansion into semiconductor industry to enhance EMS capabilities – CNBC TV18
[ad_1] Kaynes Technology India, a leading electronics manufacturing services (EMS) provider, is embarking on a strategic expansion aimed at becoming a fully integrated player in the industry. Jairam Sampat, Whole-Time Director and CFO of Kaynes Technology, said, “We do believe that as part of our strategy, we must deepen our technology presence, and just being […]
PLI disbursement claims set to pick up pace in new year, say sources – CNBC TV18
[ad_1] The new year may bring positive developments for companies benefiting from the Production-Linked Incentive (PLI) schemes, with disbursement claims expected to gain momentum. According to sources, more companies are likely to file claims for PLI disbursements after finalising quarterly figures through December 2023. Sources added that lower disbursements till now aren’t a concern and […]
Govt plans new PLI scheme for drones sector – CNBC TV18
[ad_1] The government plans to come out with a new Production-Linked Incentive (PLI) scheme for the drones sector that will be more effective in terms of implementation, documentation and other aspects. Civil Aviation Secretary Vumlunmang Vualnam on Wednesday said the government is looking at moving to the next PLI scheme for the drones sector. The […]
Ola Electric expands PLI-certified lineup with S1 X 2kWh scooter – CNBC TV18
[ad_1] Ola Electric today announced that its most affordable electric scooter, the S1 X 2kWh, has received the Production Linked Incentive (PLI) Certification for meeting localisation requirements under the Ministry of Heavy Industries’ PLI Scheme for automobiles and auto components. This marks Ola’s fifth product to achieve this recognition, alongside its other models, including the […]