The production-linked incentive (PLI) scheme for the automobile sector has created market distortions, excluded innovation-led electric two-wheeler (e2w) makers, and failed to convert cost advantages into export competitiveness, with 77 per cent of export volumes driven by non-PLI models, said a report released by the Centre for Domestic Economy Policy Research (C-DEP) on Friday.
The bull-market in gold is not yet over and prices can rise to $6,200 an ounce (oz) by mid-2026, up nearly 25 per cent from current levels, according to UBS.
Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session.
Retail sales of vehicles across categories in India in 2025 grew by 7.71 per cent at 2,81,61,228 units as compared to 2,61,45,445 in 2024, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Tuesday.
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated.
The legendary British actress Dame Maggie Smith passed into the green room of eternal performers up in Heaven on Friday, September 27, 2024. She would have turned 90 on December 28.
The Ministry of Heavy Industries on Monday announced the extension of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with "partial amendments". This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). "In pursuance of the approval of EGoS, the Ministry of Heavy Industries has made partial amendments in the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry and Guidelines of the Scheme.
All thanks to one upcoming Irish designer.
Top winter looks straight off the runway, to keep you warm and stylish.
Scroll below to check out all the colour and madness from the carnival.
The first tranche of sovereign gold bond for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
Hundreds of pillow fighters battle it out around the world to celebrate World Pillow Fight Day.
This is not a drill. We repeat: This is not a drill! Two more Harry Potter books are on their way. And fans have clearly not lost any passion for the franchise.
Unbeaten England finished with seven points, comfortably ahead of Croatia, who were second with four after beating Scotland 3-1 in Glasgow.
Fashion designer Ashish Gupta's childhood fascination for crayons seems to have transcended on the London Fashion Week 2016 runway!
The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from November 29, has been fixed at Rs 4,791 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 - December 03, 2021. "The nominal value of the bond...works out to Rs 4,791 per gram of gold," the RBI said.
As 2016 came to an end, countries across the globe rung in the new year. Hello, 2017 -- here we come!
Women take it to the mat at an all-women wrestling event in London.
CCPA said the primary issues raised in the notices included 'deficiency in service'. This includes lack of proper response from customer support, driver refusing to take payment by online mode and insisting for cash only.
As the due date of Britain's royal baby number two looms near, fans have gathered outside Lindo Wing at St Mary's Hospital.
Chelsea moved into the Premier League's top four as Mason Mount's superb first-half goal earned them a 1-0 win at champions Liverpool who suffered a club-record fifth straight home league defeat on Thursday.
Aus PM congratulates UK's Johnson on dramatic Ashes win
10 photos of the fastest man in the world living it up in the fast lane.
As United Kingdom voted to leave the European Union in a historic referendum, scenes of celebration and gloom could be seen across the nation.
RBI promises to take all necessary steps, including liquidity support
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
A look at the guests at the premiere.
The police is investigating whether it was 'accidental or deliberate'.
The European Championship is well and truly up for grabs as the tournament enters the knockouts after a compelling group stage in which some top nations fell short of expectations while two fallen powers staged a resurgence.
Jorginho's first-half penalty earned Chelsea a 1-0 victory over Tottenham Hotspur in the Premier League on Thursday.
Was it best for J K Rowling to have ended the series with Harry Potter and the Deathly Gallows?
Capaldi was revealed as the Twelfth Doctor by Zoe Ball in a special live announcement on BBC1.
The Duke of Edinburgh has been pictured back behind the wheel of a new Land Rover on Saturday afternoon on the Sandringham estate, the royal family's Norfolk retreat near to which the Thursday's accident took place, the Telegraph reported.
Rediff.com shows you how people across the world cope with the unremitting July heat wave.
This is the first terrorist attack on British soil since the murder of fusilier Lee Rigby in May, 2013.
Leicester City reached the FA Cup final for the first time in more than 50 years
Here are eight images that prove we live in a mad, mad world.
The Scotland Yard's Indian-origin deputy assistant commissioner, Neil Basu, in a statement said Khalid Masood's attack had echoes of the rhetoric of the Islamic State but no evidence at this stage suggests he was linked to the group.
Joint-leaders Tottenham Hotspur and Liverpool both dropped points on a busy day of English Premier League action as Leicester City and Southampton narrowed the gap in what is shaping up to be one of the most open title races for years.
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