PLI IMPACT ASSESSMENT REPORT
CAG widens audit net to assess outcomes of govt schemes, urban mobility
The Comptroller and Auditor General is conducting cross-ministry audits to assess outcomes in areas such as ease of doing business, logistics, education and urban mobility. The reports, covering schemes implemented between 2021 and 2026, will offer recommendations to improve delivery. The auditor is also examining DISCOMs' financial and operational performance and developing in-house AI tools to assist audit work.
PLI schemes achieve 76% of investment target, 64% of production goal: Niti Aayog
The production-linked incentive (PLI) scheme has achieved 76% of its investment target and 64% of its production target, with electronics, telecom and pharmaceuticals emerging as strong performers, Niti Aayog said. As of March 2026, the scheme had attracted ₹2.40 lakh crore in investments, generated production worth ₹22.66 lakh crore and created over 8.49 lakh jobs.
Ola Electric’s Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped taking orders from its direct-to-consumer stores on Nov 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in its letter to shareholders.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
Bitcoin price today after CPI report: BTC USD slipped towards $73,000 after hotter-than-expected US inflation data revived fears of a bigger Federal Reserve rate hike in December. With Bitcoin funds seeing billions of dollars in withdrawals, traders are watching whether BTC can hold $73,000 or face another decline towards $70,000.
Zerodha users flag glitches in BSE F&O price update; broker says issue resolved
Zerodha experienced a technical setback on Wednesday, which hampered price updates within the futures and options sector of BSE. This situation concerned various brokers, leading to anxiety among derivatives traders who rely heavily on accurate real-time data. Zerodha quickly collaborated with the exchange to rectify the problem, successfully resolving it later in the day.
Fed's Paulson signals further gradual interest rate hikes to curb inflation
Federal Reserve Bank of Philadelphia President Anna Paulson signals support for further interest rate hikes to curb persistent US inflation, which remains above the Fed’s 2% target. Strong October CPI data, resilient employment and rising price pressures reinforce expectations of monetary tightening, with markets anticipating additional increases in December.
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.
CPI report today: What is current US Fed interest rate? Will inflation data force US Fed to go for interest rate hike?
CPI data today: Inflation report is running well above the US central bank's 2 per cent target. The US-Israeli war with Iran has boosted oil prices, combining with the import tariffs implemented by the Trump administration last year to lift the cost of living.
PSBs integrate ESG parameters into companies' credit risk assessment
Public sector banks are incorporating environment, social, and governance parameters into their credit risk assessment processes. Seven banks, including the State Bank of India, lead this initiative to enhance credit appraisal. They are developing climate risk frameworks for credit workflows and adopting standardized emission calculation methodologies. The EASE 9.0 Reform Agenda monitors these developments to modernize state-run lenders.
G7 allies to assess impact of Trump's midterm setback at Paris talks
The diplomats signalled the Democrats' gains could narrow the White House's room for manoeuvre but warned against expecting a return to traditional US multilateralism while foreign policy remains very much under Trump's control.
Trump says likely to meet Putin, Xi in China
US President Donald Trump is expected to meet with Chinese leader Xi Jinping and Russian President Vladimir Putin. The meetings will occur during the Asia-Pacific summit in Shenzhen, China, on November 18-19. Discussion topics will include denuclearisation and efforts to end the ongoing war in Iran.
Bond yields muddy the books as banks prepare for new accounting rules
With a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their transition costs and reassessing their portfolios. Recent fluctuations in government bond yields, driven by economic factors such as oil prices and currency volatility, have led banks to increase their expected credit loss provisions.
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.
Cyclone Murasu wreaks havoc in Andhra Pradesh, causing Rs 1,919 crore in damages and affecting thousands: CM
Cyclone Murasu struck Andhra Pradesh, leading to an estimated damage of Rs 1,919 crore. The cyclone affected over 1.8 lakh farmers, causing significant agricultural losses across several districts. At least eight fatalities were reported, with rescue and relief operations actively ongoing. Immediate relief funding of Rs 37 crore was allocated to support affected areas and communities. Infrastructure repairs are underway, with efforts to restore electricity and telecommunications services post-cyclone.
US midterm outcome offers limited relief to India; oil, Russia sanctions remain key risks: Report
The outcome of the US midterm elections is expected to offer only marginal relief to India. Crude oil prices and potential tariffs on Russian oil purchases will continue to present economic challenges. While a Democratic majority may enhance diplomatic engagement, immediate trade relief seems unlikely. The rupee and foreign portfolio investor inflows could see some positive impact.
Australia data centre inquiry finds inadequate checks, stops short of moratorium
An inquiry into data centres by Australia's most populous state found approvals failed to consider the cumulative effect on resources and infrastructure but stopped short of calling for a moratorium, prompting a blistering rebuke from its chair.
How a SIP calculator can help investors assess the impact of selling investments to fund an IPO
As investors contemplate selling current holdings to finance new IPO subscriptions, they must remain focused on their long-term financial aspirations. A SIP calculator can serve as a valuable tool to project potential outcomes of these financial maneuvers. Diligently assessing available funds against essential living expenses and obligations is crucial. Additionally, it's important to evaluate the true purpose behind each investment to ensure long-term goals are not compromised.
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