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Government clears 96 firms under latest textile's PLI round with Rs 12,823 crore outlay
The government has approved 22 additional companies under the textile PLI scheme. This brings the total selected firms to 96. These companies are set to invest over Rs 12,822 crore. The scheme aims to boost manufacturing and create jobs in key textile segments. This initiative strengthens India's global textile manufacturing position.
Project GANGA launch sends Hinduja Global Solutions shares 17% higher
Project GANGA in UP aims to build a robust, scalable digital backbone across Uttar Pradesh, extending highspeed broadband connectivity to over 20 lakh households over the next 2-3 years.
Market Trading Guide: CCL Products among 2 stock recommendations for Wednesday
Domestic markets are showing signs of recovery after recent declines, aided by easing geopolitical tensions and softer crude prices. However, volatility persists due to FII outflows and global uncertainties. Analysts recommend CCL Products and CMPDI, citing strong technical setups, positive momentum and bullish chart patterns.
Fertiliser Ministry Seeks Additional Rs 3 Lakh Crore Subsidy Support Amid Hormuz Jolt: Govt Sources
The Finance Ministry is currently reviewing the request as global fertiliser prices continue to remain elevated due to geopolitical disruptions and supply chain uncertainties.
Govt Forgoes Rs 1.23 Lakh Crore To Support OMCs After Petrol, Diesel Duty Cuts: Sources
The aid comes amid a global energy disruption triggered by the West Asia war and blockade of key maritime shipping route Strait of Hormuz.
How global events are influencing gold and silver prices in India
Gold and silver prices rise on MCX as investors eye US inflation data and West Asia tensions, with silver outperforming and analysts tracking supply chain risks.
Indian cancer patients battle shortage of key drugs as platinum costs surge
Cancer patients in India are struggling to find essential platinum-based drugs. A surge in global platinum prices and supply chain issues are causing shortages. This forces patients to search extensively for medication. Some drugmakers have reduced production. The situation puts immense pressure on the healthcare system and patients seeking treatment.
India’s anti-obesity drug market sees slower growth after initial surge in generic semaglutide sales
India's anti-obesity drug market sees a slowdown after initial generic semaglutide sales. Demand has eased from its peak, with growth moderating. Doctors note that physician training and patient education are now crucial for future market expansion. Meanwhile, tirzepatide shows a recovery, maintaining its market position. Competition remains intense with numerous semaglutide brands.
Quantum Advisors' Nilesh Shetty sees value in private banks and IT; trims exposure to metals
Nilesh Shetty, Portfolio Manager at Quantum Advisors, believes India could benefit if the global AI trade loses momentum, though he does not expect foreign inflows to pick up meaningfully amid concerns over the rupee and geopolitical tensions. The fund remains positive on private sector banks, insurance companies and large-cap pharma stocks, while selectively adding IT services and logistics names. At the same time, it has been trimming metal and commodity exposure after a strong three-year rally, with Shetty seeing better opportunities in IT for patient investors. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
From trickle to torrent: Hormuz reopening may trigger a global oil flood
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the region's production capacity could return within days or weeks, helping restore market balance and easing concerns about prolonged supply disruptions.
IndiGo unveils 2030 vision, eyes global aviation leadership with 550-aircraft fleet; stock falls
As part of its IndiGo 2030 vision, the carrier is targeting annual capacity of 300 billion available seat kilometres (ASK) and plans to serve 200 million passengers by the end of the decade.
One Dreamliner leaves, six routes go dark, but IndiGo unveils 'bigger' FY30 ambitions
IndiGo unveiled an ambitious plan to nearly double its scale by FY30, targeting 200 million passengers annually. The airline will focus on international expansion, long-haul operations with new aircraft, premium travel offerings, and growing cargo and ancillary revenues to become a global aviation player.