PLI
'11 Indian ships exited Strait of Hormuz, 13 still in Gulf,' says MEA
Indian ships are safely exiting the Strait of Hormuz. Eleven Indian vessels have already passed through, with thirteen remaining in the Persian Gulf. Diplomatic talks with Iran are ongoing to ensure the safe passage of all remaining ships to India. All Indian seafarers in the region are reported to be safe. No incidents involving Indian-flagged vessels have occurred recently.
India labour market remodels itself bit by bit as agri slowly cedes ground, workforce moves on
India's labour market is undergoing a structural transformation driven by the country's broader economic transition, according to a report by SBI Research based on the latest Periodic Labour Force Survey (PLFS) 2025 unit-level data.
India's 6.6% growth "very good record" amid global turmoil: Amitabh Kant
India leads global economic growth with a 6.6% GDP expansion amidst international turmoil. Former NITI Aayog CEO Amitabh Kant highlights structural reforms and infrastructure as key drivers. The nation is accelerating renewable energy adoption and aims for self-reliance in semiconductors and critical technologies.
Op Sindoor legacy: India moves from borrowing muscle to becoming a source for global players
India's defense sector is experiencing a historic upswing, with exports surpassing 38,000 crore rupees. This surge is directly linked to the triumph of Operation Sindoor, a 96-hour engagement that highlighted the capabilities of India's domestic defense systems. As international markets respond positively, key technologies like the BrahMos missile and Akash-NG air defense are leading the charge.
Bajaj Auto shares rise 3% after firm posts record Q4 profit. Here’s what Jefferies, Nomura and other brokerages are saying
Bajaj Auto shares rose over 3% after the company posted its highest-ever quarterly profit of Rs 2,746 crore for Q4FY26, up 34% year-on-year, prompting bullish brokerage commentary. Revenue from operations climbed 32% to Rs 16,006 crore, while EBITDA rose 36% with margins expanding to 20.8%. The stock traded at Rs 10,656 on the NSE in Thursday trade.
Operation Sindoor anniversary: India’s defence exports surged 25x in 10 years
India’s defence sector has seen a structural shift, with exports rising sharply and domestic production expanding over the past decade. A Rubix report highlights growing indigenisation, higher procurement from local firms and rising global reach, though challenges in critical technologies and supply chain dependencies continue to persist.
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Euler Motors doubles FY26 revenue to Rs 402 crore, losses expand
Euler Motors, a commercial EV manufacturer, more than doubled its FY26 revenues to Rs 402 crore, driven by rising EV adoption. Despite widening losses to Rs 308 crore due to cost pressures, the company achieved positive unit economics and expects to break even in two to three years.
Ather Energy shares jump 5% after Q4 net loss narrows to Rs 100 crore. Here's why Nomura sees sharp upside
Ather Energy share price gained over 5% after it reported a sharp narrowing of Q4 FY26 losses to Rs 100 crore, supported by strong revenue growth and improved operating metrics. Higher volumes, retail expansion, and product launches like Rizta drove performance, while EBITDA losses declined significantly, signalling improving unit economics and a stronger push towards profitability.
Tata Electronics aims to be $30 billion business with fab play: CEO & MD Randhir Thakur
Tata Electronics is rapidly expanding its semiconductor and electronics manufacturing operations. The company has achieved significant revenue growth and is now profitable. With ambitious plans, it aims to become a $30 billion business in the next five years. Tata Electronics is building India's first semiconductor fab and an assembly and test unit, securing global customers and partners.
Pharma Q4 outlook mixed: Hospitals steady, generics face revlimid drag
Indian pharma and healthcare firms face a mixed March quarter. While hospitals anticipate steady growth, generic drugmakers grapple with lost Revlimid sales and pricing challenges. Lupin and Divi's are poised for strong performance, with Sun Pharma and Torrent showing resilience. Apollo Hospitals expects robust traction across its diverse segments.
Rain lashes parts of Punjab, Haryana; local industrialist injured in Hoshiarpur
Chandigarh and parts of Punjab and Haryana experienced rain, strong winds, and dust storms on Sunday, bringing down temperatures. The weather disruptions caused power outages, uprooted trees, and injured an industrialist in Hoshiarpur. Despite initial chaos, skies cleared in the afternoon, offering relief from the heat.
From shortage story to cash-flow story: A sector ready for sustained re-rating? 5 power stocks with upside potential of up to 33%
In the power sector, the next cycle will not reward whoever has the most installed megawatts. It will reward whoever can sign the right contracts with the right customers. And deliver reliably for two decades. That is a different question from the one the last cycle answered. The companies that get re-rated on a sustained basis will be the ones that answer it correctly, not the ones that simply ride the demand headline.
India’s textile output shrinks in March as Iran war fuels input costs, hits
India's textile production saw a significant drop in March. Key sectors like readymade garments and cotton goods faced challenges. Rising costs for raw materials, packaging, and chemicals squeezed manufacturers. Disruptions from the Iran war affected shipments and increased freight expenses. This situation is putting pressure on industry margins and output.
EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantage
Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost disadvantage against traditional OEMs. Founders call for reforms to align the scheme with India's evolving EV landscape.
Startups seek digital gold rules; IT firms bet on freshers
Happy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Morning Dispatch.
Tata Electronics boosts headcount to 75,000
Tata Electronics has significantly expanded its workforce to 75,000, surpassing Foxconn and becoming Apple's largest contract manufacturer by headcount. This rapid growth, driven by its Hosur facility, highlights India's emergence as a key electronics manufacturing hub and Tata's strategic move towards higher-value segments in the supply chain.
Vijay Kedia-backed Websol Energy shares jump 45% in six days. What's driving the rally?
Websol Energy System shares surged 5% to the upper circuit for the third day, marking a 45% rally in six days. Strong quarterly earnings, with net profit soaring 158% and revenue up 132%, coupled with ace investor Vijay Kedia's fresh purchases, have significantly boosted investor confidence and the stock's performance.
Websol Energy Q4 results: PAT soars 158% to Rs 125 crore, revenue surges 132%
Solar cells and solar modules manufacturer Websol Energy System reported a net profit of Rs 125 crore in the March-ended quarter on Tuesday versus Rs 48 crore in the year ago period, implying a 158% surge.
8th Pay Commission for postal employees: Rs 1.12 lakh basic pay proposed for postman; what postal employee body wants from 8th CPC
Federation of National Postal Organisations's (FNPO) memorandum included issues related to postal assistants, sorting assistants, postmen, mail guards, civil wing, admin offices, accounts, marketing executives, systems administrators, development officers (PLI), among others. Here are the key demands of FNPO from the 8th Pay Commission.
One in four smartphones made in India comes from homegrown manufacturers as exports power growth
Indian companies are now making over a quarter of smartphones sold in the country. Dixon Technologies leads this surge, becoming India's largest smartphone maker. This shift is driven by global brands outsourcing production. Exports are a key growth area for India's electronics manufacturing. Policy support has accelerated this transition. Future growth is expected to continue.
Govt plans new TTDF with higher outlay by October to boost telecom R&D, says Pemmasani
The government is set to launch an enhanced Telecom Technology Development Fund (TTDF) with a larger outlay by October, according to Minister of State for Telecom Pemmasani Chandra Sekhar. The ministry has already allocated approximately ₹540 crore to over 100 companies under the existing TTDF scheme, with many focusing on 6G technology.
Smartphones emerge as India's export champions in FY26
India's electronics exports saw a significant 24% rise in the last fiscal year. Smartphones led this growth, with exports climbing nearly 22%. This surge highlights the success of the government's production linked incentive program. Key export destinations included the US, UAE, and China. This performance demonstrates India's growing role as a global manufacturing hub for electronics.
From AI to subsidies: Bernstein’s candid open letter to PM Modi flags 8 critical fault lines
Global brokerage Bernstein has cautioned India against becoming a mere user of future technology. The firm suggests that continued reliance on subsidies and delayed reforms could lead to low productivity. Bernstein outlines eight critical themes, including AI, agriculture, energy, and manufacturing, as a roadmap for India's next decade.
Gujarat Titans’ Jason Holder on record 97 wickets in 2025: ‘Records come and go. I just want to be consistent and considered a match-winner’
Jason Holder achieved a record 97 wickets in global T20 cricket last year. He is now with Gujarat Titans in the IPL but yet to play. Holder discusses his T20 success, adapting his game, and managing his body. He emphasizes mental preparation and his role supporting the team from the bench. He also shares insights on coach Ashish Nehra.
It's not just war that brought rupee down, it needs better support
The West Asia conflict has accelerated INR depreciation, necessitating a rethink of India's economic fundamentals. Short-term measures include raising domestic interest rates and equalizing onshore tax regulations for asset classes. Longer-term, building world-class universities, encouraging local tourism, and potentially redesigning the INR symbol are proposed to foster resilience and economic growth.
Trump-Tehran, EVangelist for Us – time to charge the battery tech
Even as conflict and chaos linger in West Asia, India is witnessing a happy confluence of choice, cause and cost. This is a once in a lifetime opportunity for us to reimagine an EV push, while reorienting subsidies from producers to consumers
Kashmir transport strike hits commuters over Smart City bus expansion plan
Commuters in the Kashmir Valley experienced significant disruption on Monday. Private bus operators and inter-district cab services initiated a 'chakka jam' protest. This action was a response to the government's plan to extend Smart City bus services to other districts. The transporters' association fears this expansion could impact their livelihoods. Auto-rickshaws and government buses continued their operations as usual.
US-Iran war: An Iraqi captain keeps sailing despite the threat of attack amid regional war
Oil tankers face danger in tense waters between the Gulf of Oman and Strait of Hormuz. Iraqi Captain Rahman Al-Jubouri works on the Sea Moon, a Palau-flagged vessel. He has experienced attacks and crew members have left due to fear. The ongoing conflict disrupts global trade and poses risks to maritime operations.
India's Apple component exports to China surge to record $2.5 billion under ECMS scheme
India's electronics exports to China are experiencing a significant surge. Apple's component manufacturing scheme is driving this growth. Indian vendors are now exporting parts to China, a reversal of past trends. This development is expected to boost India's overall exports to China substantially. The success highlights the impact of government initiatives on the electronics sector.
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