16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.
Among individual stocks, Lupin zoomed 3.4 per cent in the intra-day trade and hit a high of Rs 1,060, Sun Pharmaceuticals advanced 2 per cent, and Dr Reddy's Labs gained 1.7 per cent.
Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets
Telecom gear makers will need to achieve at least 3 times higher value in sales compared to the investment they are required to make in their plant, other than land and building
B R Sikri, chairman of the Federation of Pharma Entrepreneurs, said, higher incentives would have meant more production of cancer drugs, thereby, bringing down their prices
Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world
The union cabinet approved production-linked incentive scheme for IT hardware products; NSE suffered an outage earlier in the day due to technical glitches
Cabinet clears Production Linked Incentive scheme to boost manufacturing of laptops, tablets, PCs, servers, says Union Minister Ravi Shankar Prasad
Total imports from China at $58.7 billion were more than India's combined purchases from the US and the UAE
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here
The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years
Scheme on telecom products will be implemented from April 1
Industry body COAI lauded the move saying telecom is the backbone of a digitally-connected India and the initiative will further boost local manufacturing and create job opportunities
Prime Minister Narendra Modi said on Wednesday that the Union Cabinet's approval to a production-linked incentive (PLI) scheme will make India a telecom manufacturing hub
Congress won all the seven municipal corporations in Punjab that went to the polls on February 14. Stay tuned for the latest news of the day.
The Hinduja family paid a premium to boost its stake in IndusInd Bank. More on that story and other headlines.
The government expects that the scheme will lead to Rs 2.4 trillion incremental production of telecom equipment in the country in the next five years
Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape in the country
The government has approved applications from several medical devices manufacturers under the Production Linked Incentive (PLI) scheme for the promotion of domestic manufacturing