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Production-linked incentive: Steel PLI application deadline likely to be extended, again

The deadline for submission of applications under the Rs 6,322-crore production-linked incentive (PLI) scheme for speciality steel is likely to be extended by a month till May 30. Several modifications under the scheme to include sub-categories and small players have necessitated extension of the deadline, sources said. The steel ministry has already had a round …

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Corbevax & Covaxin Covid-19 vaccines get nod for kids below 12 years

The Drugs Controller General of India (DCGI) granted emergency use authorisation for Biological E’s Covid-19 vaccine Corbevax for children aged five to 12 years, and Bharat Biotech’s Covaxin for children in the age group of six to 12 years, on Tuesday. The DCGI has also granted emergency use authorisation (EUA) to Cadila for its ZyCoV-D …

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Finance Minister Nirmala Sitharaman calls on US semiconductor makers to invest in India

Finance minister Nirmala Sitharaman has called on American semiconductor firms AMD, Western Digital and Micron Tech to boost investments in India, taking advantage of a Rs 76,000-crore production-linked incentive (PLI) scheme that was announced recently to woo large chip makers. In a meeting in San Francisco with top executives of semiconductor firms, Sitharaman highlighted opportunities …

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Global financial institution BNY Mellon opens new office in Chennai

Global financial institution BNY Mellon on Tuesday opened a new, state-of-the-art office at Embassy Splendid TechZone in Chennai. Spread across 10 floors, the 760,000-sq ft space will be the single-largest facility for the company in India, with the capacity to accommodate more than 4,000 employees. This takes BNY Mellon’s total footprint across India to more …

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IPL 2022: Riyan Parag, bowlers hand Rajasthan Royals 29-run win over Royal Challengers Bangalore

Riyan Parag smashed a match-defining unbeaten half-century before the bowling unit lived up to its reputation to hand Rajasthan Royals a 29-run win over Royal Challengers Bangalore in an Indian Premier League match here on Tuesday. Parag (56 not out off 31 balls) single-handedly took his side to 144 for 8 with his unbeaten half-century, …

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Nokia phone-maker to ramp up mobile exports from India; keen on sourcing more components locally

HMD Global, the maker of Nokia-branded handsets, is keen to scale up its mobile exports from India, as the company looks at various levers, including sourcing more components locally, to deepen its commitment towards manufacturing ecosystem in the country, according to a senior official. India is a “very important” market for HMD Global, and the …

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19 firms file applications under PLI scheme for white goods in 2nd round

As many as 19 companies, including LG Electronics and Wipro, have filed applications with proposed investments of Rs 1,548 crore to avail benefits under the production linked incentive scheme for white goods in the second round, the commerce and industry ministry said on Tuesday, The government in March reopened the application window for its Rs …

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