New Delhi, October 6: With the Production Linked Incentive (PLI) scheme for telecom and networking equipment manufacturing expiring by March 2027, the goverment is aiming to launch a revamped version with a proposed outlay of ₹6,000 to ₹7,000 crore, sources within the government have told the media. The Department of Telecommunications (DoT) notified the original Telecom PLI scheme in February 2021, allocating ₹12,195 crore to incentivize domestic manufacturing and reduce import dependencies. However, the outcome wasn’t as per expectations, though the program attracted over ₹4,081 crore in investments and generated sales exceeding ₹78,670 crore. The performance of the scheme has…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
New Delhi, October 6: With the conflict in the Middle East continuing to date, a industry body representing three major domestic airlines- Air India, IndiGo and SpiceJet- has submitted a letter to Union Civil Aviation Minister Ram Mohan Naidu seeking immediate financial relief to counter soaring operational costs. With prolonged airspace restrictions, especially by Pakistan, and volatile Aviation Turbine Fuel (ATF) price hikes due to the West Asia conflict, the Federation of Indian Airlines (FIA) is urging the Central government to extend relief on landing and parking fees, release stuck credit lines and to change the excise duty structure for…
Mumbai, October 6: Global pharmaceutical major Lupin Limited has launched Formoflo-G MDI, a novel fixed-dose triple combination metered-dose inhaler (MDI) for the treatment and management of Chronic Obstructive Pulmonary Disease (COPD) in India. This comes after the Drugs Controller General of India (DCGI) formally approved the drug. Lupin is the first pharmaceutical company to introduce a single-strength, fixed-dose triple combination inhaler combining Formoterol Fumarate, Glycopyrronium Bromide, and Fluticasone Propionate in a pressurized metered-dose format. This innovative drug integrates three active therapies, bringing hope to more than 55 million people living with COPD in India, a common ailment that is a…
Hyderabad, October 5: Sai Parenterals Limited, a leading pharmaceutical manufacturer, has completed the acquisition of a 60% stake in Hyderabad-based Prathyak Laboratories Private Limtied for ₹15 crore. This investment is aiemd to accelerate Sai Parenterals formulation and contract development capabilities, directly boosting its commercial production pipeline for injectable drugs for the regulated global markets. Under the terms of the transaction, Sai Parenterals will acquire 60% in Prathyak Labs, with an option to buy the residual 40% through a Right of First Refusal (ROFR) at the same value, eventually making Prathyak Labs a wholly owned subsidiary. This R&D lab brings 28…
Mumbai, October 5: NYAI, the legal and compliance AI company, today launched NYAI AI Studio, India’s first agentic AI infrastructure platform purpose-built for law firms and the legal and compliance functions of enterprises. The Studio marks a decisive shift from AI that assists with discrete tasks to AI agents that execute legal and compliance work end to end, from intake to delivery, on the organisation’s own data, under its own controls and through its own choice of AI models. Rather than adding yet another point solution to an already crowded legal-technology stack, NYAI AI Studio unites data, agents, models, tools,…
New Delhi, October 3: Reserve Bank of India (RBI) Governor Sanjay Malhotra has warned that today’s financial stability does not mean protection against future market shocks, given the escalating geopolitical tensions in West Asia. Speaking at the 5th Kautilya Economic Conclave in New Delhi, he explained that the Indian economy had absorbed geopolitical challenges and emerging inflationary pressures through a position of strength, but complacency has to be avoided. “Today’s resilience may not necessarily imply tomorrow’s immunity, and we are committed to remain vigilant of emerging vulnerabilities and continue to keep our financial system strong and resilient,” he explained in…
Key Highlights For years, Indian farmers struggled with unreliable electricity, high diesel costs for irrigation, and environmental harm from using fossil fuels. Now, with the spread of decentralized solar energy, things are changing. Farmers are moving away from fuel dependence and gaining more control over their energy needs. While solar power helps India meet its climate goals, it is farmers who benefit the most. Thanks to supportive policies, generous subsidies, and creative land use, both small and large farmers are turning old challenges into steady profits. Financial Benefits of De-Dieselization and Solar Irrigation Replacing expensive diesel pumps with off-grid solar…
Key Takeaways For all the glitzy infrastructure projects and investment commitments that the government keeps boasting about, there remains an expenditure that is quietly overlooked, year by year, government by government. This expenditure is directly linked to our quality of life, and impacts every section of society, including the economy, but the government continues to wash its hands off it, letting the private sector assume responsibility instead. We’re talking about public health expenditure, which has been the lowest amongst all major global economies, with just about 1.1-1.8% of the Gross Domestic Product (GDP) being spent on it over the last…
San Jose, October 2: Global semiconductor giant Broadcom has directed banks to help it raise $60 billion to fund custom artificial intelligence (AI) chip manufacturing and infrastructure commitments, mainly driven by computing demand from AI research lab Anthropic. This sweeping capital raise comes at a time when top technology firms are racing to build next-gen data center capacity while facing severe hardware bottlenecks across the AI supply chain. The landmark $60 billion financing comes at a time when Big Tech companies are working to meet insatiable demand for compute power. Google has raised US$3.89 billion in Australia as it looks…
Visakhapatnam, October 1: Hospitality major Apeejay Surrendra Park Hotels Limited (ASPHL) has expanded its footprint in Andhra Pradesh with the opening of its second property in Visakhapatnam. Operating under its mid segment brand Zone Connect by The Park, the newly inaugurated 52 room hotel is positioned along the famous Beach Road to cater to business and leisure travellers. The hotel offers a range of modern amenities, including sea facing banquet spaces for corporate conferences, social gatherings and private celebrations. This property is aimed at capitalizing on Visakhapatnam’s dual identity as a major industrial hub and leisure destination on India’s eastern…