PLI
Government extends ₹2,700-crore PLI scheme for medical devices till 2035-36, eases eligibility norms
The government has extended the ₹2,700-crore production-linked incentive (PLI) scheme for domestic medical device manufacturing until 2035-36 and invited fresh applications with relaxed eligibility and investment conditions. The revised rules remove the minimum sales threshold for claiming incentives and lower the minimum investment requirement to attract more manufacturers.
Green hydrogen demand slump delays electrolyser projects to August 2027
Weak demand for green hydrogen is prompting nearly half-a-dozen companies to defer commissioning their electrolyser manufacturing facilities from December 2026 to August 2027, with MNRE allowing them to retain eligibility under the PLI scheme. The delay reflects slower-than-expected order flows, as green ammonia projects awarded under the government’s green hydrogen programme are yet to reach financial closure and place orders.
US FDA adds rare vision-loss warning to popular GLP-1 drugs
The US FDA will add a warning about a rare eye condition that can cause permanent vision loss to the labels of all GLP-1 drugs, including Ozempic, Wegovy, Mounjaro and Zepbound. The condition was found in around 6 per 100,000 patients taking the drugs for at least a year.
Government invites fresh applications under Rs 2,700 crore medical device PLI scheme
The government is inviting new applications under the Production Linked Incentive Scheme for Medical Devices. This scheme has been extended until 2035-36 with an outlay of Rs 2,700 crore. Eligibility conditions have been simplified, and new applicants can submit multiple applications across different target segments. The revised scheme aims to enhance domestic manufacturing of high-end medical devices and improve global competitiveness.
“Vikings are realizing that they shouldn’t have traded JJ McCarthy for a bag of chips”: Fans question the American football team’s decision as its offensive struggles worsen
The Minnesota Vikings endured their second consecutive defeat, falling to the Buffalo Bills in a closely watched game. Injuries have severely restricted their options at quarterback, casting doubt on their offensive strength. Following the controversial trade of JJ McCarthy to the New York Giants, fans are expressing concern about the impact on the team's playoff dreams. In response, the Vikings are actively seeking potential trades to boost their quarterback depth.
Advocates can't be directed not to ply non-Delhi registered pre-BS-VI vehicles: HC
The Delhi High Court has granted a reprieve to advocates and judicial staff from the vehicle restrictions imposed over pollution concerns. Justice Amit Mahajan highlighted the lack of substantiated evidence connecting vehicle emissions to air quality issues since October. He acknowledged the critical need for legal representatives to attend court to maintain justice administration. The Delhi government's restrictions targeted non-BS-VI vehicles amid rising pollution levels.
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Delhi pollution: Supreme Court flags rising vehicle emissions, seeks crackdown plan from 4 states
The Supreme Court has flagged rising vehicular emissions as an urgent concern in the Delhi-NCR pollution crisis, seeking action plans from Delhi, Uttar Pradesh, Haryana and Rajasthan. It has sought details of enforcement against over-age and non-compliant vehicles, inter-state coordination and a time-bound roadmap to strengthen emission checks.
Pharma industry steps up API investments to cut import dependence, move up value chain
India's pharmaceutical sector is shifting towards high-value medicines and reducing reliance on imports through local manufacturing. Investments in active pharmaceutical ingredients and advanced therapies are on the rise to meet new healthcare demands. Industry leaders highlight the significance of supply-chain resilience and advancements in manufacturing capabilities. Recent data indicates strong domestic market growth and increasing pharmaceutical exports.
Nov-Jan ban on non-Delhi vehicles below BS-VI standards to be in force every year
Delhi government plans to ban non-Delhi-registered vehicles below BS-VI emission standards beginning November 1. This ban will continue annually until January 31 to improve air quality. Vehicles using Compressed Natural Gas or electric power are exempted from these restrictions. The transport department is enforcing rules with 250 personnel at key entry points across the city. The Commission for Air Quality Management has implemented emergency measures due to severe pollution levels.
SC questions recurring Delhi-NCR pollution, flags vehicle emissions as major contributor
The Supreme Court has raised concerns over recurring air pollution in Delhi-NCR, identifying vehicular emissions as a major contributor and questioning why the AQI continues to approach 400 despite regulatory measures. The bench also called for changes in festival practices and economic incentives to discourage stubble burning.
Govt working on telecom PLI with focus on higher local value addition
The Ministry of Communications is preparing to propose a second edition of the telecom production-linked incentive scheme. This new scheme will emphasize design-led higher value addition in the telecom sector. The first edition of the telecom PLI scheme attracted significant investments and involved approvals from numerous companies. Additionally, incentives under design-led manufacturing have been applied for by several firms. The proposal will undergo inter-ministerial consultation before seeking Union Cabinet approval.
Battery component makers may get up to 50% capital subsidy
The ministry of heavy industries is evaluating various subsidy models to enhance domestic battery component manufacturing capacity. Proposed support includes capital subsidies and sales-linked incentives to promote local production. India aims for sufficient manufacturing capacity to support 50 GWh of annual battery cell production by 2032. Current costs of battery materials are significantly higher compared to those from China.
India's solar manufacturing industry can generate 32 lakh jobs, attract $89 billion investment by 2047: ISMA
Titled Vision 2047: Solar Manufacturing from Polysilicon to Power Plant, the report presents a pathway for India to move beyond module assembly and set up manufacturing capabilities across the entire solar value chain -- from polysilicon and ingots to wafers, cells and modules, the statement said.
Corning operationalises Pune optical plant; capacity expansion planned by 2027
The company’s other plant in Chennai, has begun production of finishing glass for the first time in India. Inaugurated in December, 2025, it is currently undergoing validation by original equipment manufacturers (OEM), and will commence commercial production within the next few quarters, Pillai said.
Finance Minister Sitharaman urges Tata to resolve feud amicably, rules out govt intervention
Finance Minister Nirmala Sitharaman emphasized the importance of resolving the ongoing dispute between Tata Sons and Tata Trusts. She stated that the matter should remain private to restore normalcy quickly. Sitharaman highlighted the critical nature of this situation for the Indian economy, particularly amidst foreign capital outflows. Concerns regarding the equity market and foreign investments were also acknowledged by the finance minister.
Stand-off over co-pilot rule: Helicopter operators suspend Char Dham services, talks on Nov 4
Earlier in the day, a meeting was held between the representatives of operators, the Directorate General of Civil Aviation (DGCA) and UCADA over the suspension. A senior UCADA official told PTI on condition of anonymity that during the meeting, the government proposed to mandatorily implement the co-pilot rule from next year as part of the annual registration process for charter operators plying on Char Dham routes.
Most wanted stocks 2026: 6 stocks mutual funds are buying even as markets slump
Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.
Delhi pollution restrictions from November 1: 50% WFH, parking charges to double, vehicle curbs and more; check full list under winter action plan
Delhi vehicle restrictions from November 1: The Delhi government will enforce various anti-pollution measures to improve air quality from November 1. From restricting older vehicles to banning dust-generating construction activities, the government has launched a winter action plan to combat the air pollution that chokes the city annually. Under the restrictions, parking charges will double to discourage the use of private vehicles and encourage public transport usage. Additionally, a 50% work-from-home policy will also be implemented in government and private offices during the winter months.
Karnataka bandh: Sugarcane farmers protest at Vijayapura toll gate over demand for Rs 5,500 per tonne
Protests by sugarcane farmers took place at the Hittinahalli toll gate in Vijayapura district. They demanded a price of Rs 5,500 per tonne for their sugarcane amidst a statewide bandh. Farmers expressed their dissatisfaction with both state and central governments regarding the support price dispute. Meanwhile, responses to the bandh varied in Belagavi city, where most services remained operational.
Delhi gears up for pollution curbs from Nov 1; vehicle restrictions, construction ban among measures
Delhi is preparing to implement various measures aimed at reducing air pollution starting from November 1. Restrictions on certain vehicles, a ban on dust-generating construction, and increased parking charges will be enforced. The entry of vehicles not meeting BS-VI emission standards will be prohibited from November 1 to January 31.
Dixon has ₹1,110-crore PLI incentive pending; chairman’s son named executive director
In an announcement, Dixon Technologies disclosed a notable receivable of ₹1,110.06 crore tied to the government's PLI scheme, which is still pending. The company has appointed Prithvi Vachani as its executive director, awaiting shareholder consent. This financial quarter saw consolidated operational revenue jump to ₹21,863 crore, although net profit markedly decreased. Furthermore, a liability totaling ₹576.
Government extends PLI scheme for textiles until 2033-34 to boost MSME participation and investments
The government has announced an extension of the Production Linked Incentive scheme for the textiles sector until 2034. This change aims to encourage more companies to participate by relaxing eligibility norms for investment. The textiles ministry has reduced the minimum turnover requirement for certain manufacturers from ₹200 crore to ₹100 crore. A reopened application portal will accept submissions for manufacturing various textiles from November 1 to December 31.
'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returns
Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark. Citing figures from the government's Production Linked Incentive (PLI) scheme, he said the government paid Rs 19,000 crore in incentives and collected Rs 25,000 crore in direct taxes, alongside Rs 3 lakh crore in GST. His response followed a Bloomberg Opinion video questioning India's iPhone manufacturing model, its dependence on imported components and the cost of government subsidies.
Ashwini Vaishnaw says mobile PLI scheme generated Rs 25,000 crore in direct taxes, employs 12 lakh people
India's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 crore paid in incentives, Union IT Minister Ashwini Vaishnaw said. The scheme has also supported employment, with mobile manufacturing accounting for 12 lakh jobs. The government is now looking to expand domestic production, boost component sourcing and strengthen India's electronics manufacturing ecosystem through a new Rs 62,500 crore scheme.
Textile PLI scheme likely to be extended by four years with easier norms for MSMEs
The government plans to extend the PLI scheme for textiles for four years with easier criteria. This initiative aims to increase participation from micro, small and medium enterprises. The scheme, initially approved in September 2021, supports large-scale manufacturing of textiles in India. Lowering minimum investment and turnover thresholds is targeted to enhance accessibility for more applicants. Previously approved applicants committed investments of around ₹41,500 crore, surpassing initial projections.
Labour ministry resolves industrial dispute in Bihar; over 10,000 employees to benefit
The Labour Ministry on Tuesday said it has resolved two industrial disputes between Bihar Gramin Bank management and employees’ organisations, securing financial benefits of Rs 77.69 crore for over 10,900 employees, including recurring annual benefits of around Rs 9.02 crore.
China’s proposed solar technology export curbs may delay India’s domestic manufacturing push: Report
China's plan to impose export controls on photovoltaic technologies could create challenges for India's solar manufacturing sector and affect supply chains. These restrictions may lead to delays and increased costs for domestic players aiming for backward integration in manufacturing. The Approved List of Models and Manufacturers Phase II policy timelines could also be disrupted as a result.
Government needs to incentivise domestic solar production as China eyes curbs on tech exports: Solex Chairman
The government needs to incentivize domestic production of solar equipment, as China's proposed export restrictions may create supply issues. Chetan Shah, from Solex Energy, emphasized India's limited cell capacity compared to module manufacturing. He proposed extending the ALMM-II framework to support local manufacturers in meeting their demands. Collaborating with other nations could also reduce reliance on Chinese solar equipment.
Diversification plan: NMDC scouts for mining assets across four continents
NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.
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