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Electronic firms seek PLI 2.0, eye 30–35% share in global mobile production by FY31

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India's electronics industry is seeking continued government support with a proposed PLI 2.0 scheme to boost mobile production and exports. Aiming to capture 30-35% of global mobile output by FY31, the industry projects annual manufacturing to reach $110-130 billion. This expansion hinges on sustained incentives to maintain competitiveness against China. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zNO94fh >
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One-hour pause, tighter checks: RBI’s plan to tackle rising digital payment fraud

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MsJzlae >
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Strait crisis: Global traders race to secure oil barrels amid Hormuz supply crunch

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Global crude oil markets are in a frenzy as a severe shortage drives intense competition for prompt deliveries. Physical oil prices have surged to unprecedented levels, with buyers vastly outnumbering sellers. This scramble, fueled by reduced Middle Eastern flows, is forcing refiners to consider scaling back operations, potentially worsening fuel shortages. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/28THziS >
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Duty on diesel exports hiked from Rs 21.5/L to Rs 55.5

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The government has significantly increased export duties on diesel and aviation turbine fuel to prioritize domestic availability amidst West Asian tensions. Diesel export duty rose by over 150% to Rs 55.5 per litre, and ATF to Rs 42 per litre, aiming to deter exports and ensure sufficient supply within India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/auGc3pZ >
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Will Tata Sons get listing waiver? RBI tweak will make it 'upper NBFC'

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The Reserve Bank of India is proposing a simpler asset-size threshold of Rs 1 lakh crore to identify large NBFCs for stricter regulation, replacing a complex scoring system. This change could place Tata Sons, with assets of Rs 1.75 lakh crore, under tighter scrutiny, contingent on its application to surrender its core investment company registration being approved. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0ebcDwX >
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Swiggy cofounder Nandan Reddy steps down, may start up again

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/f4NQZjy >
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Need to strengthen supply chains amid crisis: Ficci report

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jNRyxwe >
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