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Joe C Mathew,Nidhi Singal
New Delhi, April 23, 2021
India has over the years offered many incentives to attract manufacturing investment.  India's new Production Linked Incentive (PLI) Scheme, aimed to reduce import dependence and promote local manufacturing, helped lure three of Apple's Taiwanese original equipment manufacturers - Foxconn Hon Hai, Wistron and Pegatron. Like Apple, about 70 firms have shown interest in availing the PLI Scheme to set up manufacturing facilities in three key sectors: mobile and electronic components; pharma-APIs (active pharmaceutical ingredients); KSM (key starting materials) and medical devices. But, can a purely demand-driven scheme (incentive is linked to incremental production and production is linked to demand) make a difference when demand and growth continue to lag in a pandemic-hit world? Watch the video to know.Also Read: Steel makers want PLI benefits to be extended beyond 5 years


BusinessToday.In
April 23, 2021
IRDAI's statement comes in the backdrop of reports that some hospitals have refrained from providing cashless facilities for treatment of coronavirus patients despite policyholders being entitled to it.


BusinessToday.In
April 22, 2021
Sensex closed 374 points higher at 48,080 and Nifty jumped 109.75 points to 14,406. The rally in the market came even as the deteriorating COVID-19 situation remained a concern


BusinessToday.In
April 20, 2021
Maharashtra government has restrained grocery shops, food outlets and raw material shops and permitted them to operate only between 7 am and 11 am


Reuters
April 20, 2021
Over the past few days, India has ramped up oxygen production nationwide as supplies of the gas have fallen short and infections surge


PTI
April 19, 2021
Justice Prathiba M Singh said insurance regulator IRDAI is duty bound to supervise the companies and ensure that they comply with the Act and it \"cannot turn a blind eye\" to its non-implementation


Nevin John
April 19, 2021
According to industry sources, the Finance Ministry has started consultations with the industrialists and industry officials to understand the impact of second wave on businesses


BusinessToday.In
April 19, 2021
Market cap of BSE-listed firms fell by Rs 5.82 lakh crore after investor wealth declined to Rs 199.89 lakh crore against Rs  205.71  lakh crore in the previous session


BusinessToday.In
April 19, 2021
While Sensex was trading 1,226 points lower at 47,610, Nifty fell 339 points to 14,277


PTI
April 19, 2021
The NCLAT order on spectrum sale may block transfer of Aircel and RCom spectrum to UVARCL and leave Indian and foreign banks with non-performing assets of around Rs 60,000 crore as claimed by the lenders


PTI
April 18, 2021
The valuation of Reliance Industries eroded by Rs 30,841.38 crore to Rs 12,26,048.07 crore and that of State Bank of India diminished by Rs 11,735.86 crore to Rs 3,03,347.55 crore


Reuters
April 18, 2021
Officials from the central bank, People's Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon's exit from the company was discussed


Aprajita Sharma
April 16, 2021
The regulator is mulling hiking maximum age to join NPS to 70 years, while exit age may also be revised to 75 years.


PTI
April 16, 2021
The new product, it said, will provide exclusive data with an inbuilt system for using data and trading tools to help traders, authorized persons and brokerage firms


BusinessToday.In
April 16, 2021
Sensex closed 28.35 points higher at 48,832 and Nifty rose 36.40 points to 14,617 in choppy trade today


PTI
April 16, 2021
In a representation to the Finance Ministry, the chamber said that given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium to ensure that the pandemic \"does not wreak havoc\" on the economy


BusinessToday.In
April 15, 2021
After moving 877 points during the session, Sensex ended 259 points higher at 48,803 and Nifty rose 76.65 points to 14,581.45


Niti Kiran
April 15, 2021
Unlike earlier, FY21 saw private equity investors focus majorly on portfolio deals across multiple cities and assets, rather on specific projects or cities


Reuters
April 15, 2021
While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters


Rashi Bisaria
New Delhi, April 15, 2021
Air India looking to hire CEOs for its subsidiaries National carrier Air India has sought applications for the post of chief executive officer (CEO) for its subsidiaries Air India Engineering Services Ltd (AIESL), Air India Airport Services Ltd (AIASL) and Alliance Air Aviation Ltd (AAAL). The selected candidates will be hired for a contract period of three years, extendable by two years based on performance.Flipkart to take over Cleartrip in distress saleFlipkart will acquire embattled t...


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