PLI: Electronics firms got Rs 19k cr

Electronics manufacturers receive Rs 19,091 crore under PLI scheme till June New Delhi: Large-scale electronics manufacturing PLI beneficiaries have received the highest incentives of Rs 19,091 crore under the scheme till June, while the sector has attracted investments of Rs 20,580 crore. Govt launched the PLI schemes in 2020 for 14 sectors, including electronics and…

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NMDC commissions Rs 5.4k cr integrated project in Chhattisgarh

NMDC commissions Rs 5,427-crore iron ore processing, slurry pipeline project in Chhattisgarh HYDERABAD: State-run miner NMDC Ltd has commissioned a Rs 5,427-crore integrated iron ore processing, slurry pipeline and pellet-making project in Chhattisgarh’s Bastar region, marking a major addition to its value-chain operations between Bacheli and Nagarnar. The project comprises a new iron ore processing…

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Exempted PF trusts get more options for investment

Exempted establishments get wider debt investment options under new govt rules NEW DELHI: Bringing parity with the establishments covered directly by the Employees Provident Fund Organisation (EPFO), govt has widened the debt investment options for exempted establishments by permitting investment in rupee-denominated bonds issued by four major global financial institutions, provided they have a minimum…

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Geopolitical developments, oil prices to steer markets this week

US-Iran talks, crude prices, bond yields to drive investor sentiment NEW DELHI: Investors will focus on geopolitical developments, crude oil prices, bond yields and macroeconomic data announcements to determine market trends during the holiday-shortened week ahead, analysts said.According to experts, the US-Iran diplomatic talks and crude oil prices will drive global market sentiment.“Globally, developments around…

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Foreign secretary Vikram Misri meets US lawmakers; Russia sanctions bill and India-US ties in focus

Foreign Secy Vikram Misri meets US Congressional delegation Foreign secretary Vikram Misri on Sunday met a bipartisan US Congressional delegation led by House Foreign Affairs Committee chairman Brian Mast, as the two sides discussed the recently enacted Sanctioning Russia and Iran Act (SRIA), strategic ties and energy security.The talks also covered the future course of…

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