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incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. «In the last quarter (January-March), we are expecting some disbursements,» Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.

Investing.com — Uber Technologies (NYSE:UBER) has projected fourth-quarter gross bookings and adjusted core income that topped expectations, as the ride-hailing group said its core business is «stronger than ever» heading into the busy holiday travel season.

financial markets. It plans to introduce Mutual Funds services catering to both traders and retail investors. With the company's promoters retaining full ownership, Bigul aims to broaden its footprint beyond its current presence in Maharashtra, Rajasthan, and Madhya Pradesh.

On Sunday the Manipur government extended the mobile internet ban in the state till November 8. An order issued by the division bench comprising Chief Justice Siddharth Mridul and Justice Golmei Gaiphulshillu Kabui asked the state «to extend the services to areas» which were unaffected by violence. The order stated, “The State of Manipur is directed to open and operationalize mobile towers, on a trial basis, in all those District Headquarters which have not been affected by violence and thereafter, if found feasible, extend the services to other areas where the law and order situation, so permits. It is clarified that even in the Districts that are partially affected by violence, those areas which are not so affected — in the same District — mobile towers shall be operationalized forthwith”.

This Diwali, electric vehicles (EVs) and hybrid electric vehicles (HEVs) owners in India can avail of an insurance product specifically designed for their batteries. Magma HDI General Insurance Limited (Magma HDI) has launched ‘Battery Secure Add On’, an insurance product specifically for batteries of electric vehicles (EVs) and hybrid electric vehicles (HEVs). 

road safety measures, the Kerala government has decided that vehicles in the state will not be issued Pollution Under Control (PUC) certificates if the owners have any pending challans. As per a TOI report, this decision was made during a meeting chaired by Transport Minister Antony Raju, as reported by Mathrubhumi. The state has witnessed a decrease in the death rate from traffic accidents since the installation of AI cameras.

Dhanteras 2023: ‘Tis the season’ of festivities and unbridled joy of shopping! But when shopping for gold, one should always remain cautious and make sure not to fall for fake jewelry. This Dhanteras, when you visit the bazaars for the quintessential gold purchase, a smartphone application can help you in verifying the authenticity of the jewelry.

₹27.50 per kg. This scheme is launched across the country in order to provide relief to consumers from high prices. This subsidised rate is lower than the prevailing market rate of ₹36-70 per kg, depending on the quality and location.

Hotstar on Tuesday announced that it will make available free streaming of the upcoming season of Pro Kabaddi League for all the mobile users in India starting December 2, 2023 as it is the most watched sport in the country after cricket. «The popularity of Pro Kabaddi League spans across age groups and by making it available to all our audience on Disney+ Hotstar, our aim is to make Kabaddi accessible to all of India and foster a stronger sense of engagement amongst the fans,” said Sajith Sivanandan, the Head of Disney+ Hotstar India. He further noted that the landscape of sports viewing is evolving, as was witnessed by the response to their free on mobile offering during Asia Cup 2023 and ICC Men’s Cricket World Cup 2023. This ad-enabled free streaming of the tenth season of the Pro Kabaddi League, which is set to be conducted in a 12-city caravan format with 12 competing teams, closely follows the success of cricket tournaments on the platform.

By Hadeel Al Sayegh and Yousef Saba

World Cup, Disney+ Hotstar has revealed that all Indian mobile customers will be able to stream the upcoming season of Pro Kabaddi League for free. The decision to enable ad-supported streaming of the tenth edition of the Pro Kabaddi League closely follows the historic viewership achieved during the ICC Men’s Cricket World Cup 2023. The upcoming season of the Pro Kabaddi League, beginning on December 2, 2023, will be conducted in a 12-city caravan format with 12 competing teams. Commenting on this, Sajith Sivanandan, Head, Disney+ Hotstar India, said, “The landscape of sports viewing is evolving, as was witnessed by the phenomenal response to our free on-mobile offering during the Asia Cup 2023 and the ICC Men’s Cricket World Cup 2023. Our audience is continually seeking the thrill of sports with the convenience of on-the-go access, and we are elated to meet this demand.

TATA AIG General Insurance Company Limited today said it will offer travel insurance to Air India, for both of its domestic and international travellers. The objective is to enhance Air India passengers’ journeys, thereby allowing them to enjoy their travels, the insurer said. 

mobile phone brand Lava has appointed Sunil Raina as the interim managing director, assuming his role with immediate effect after approval from the board, following the arrest of co-founder and managing director Hari Om Rai in a money laundering case by the enforcement directorate. Following the elevation, Raina will become a whole-time director of the company following approval of the board of directors on November 6. Raina, who has been serving as the President and Business Head of the mobile phone brand since the past five years comes with an experience of more than two decades having worked extensively in marketing, strategy, product development, communications, sales and distribution functions. “We are in a fast paced growth phase of our brand journey and we see a great opportunity ahead. I'm pleased to take on this role and eager to contribute to Lava's continued success through consistent innovation and delivering exceptional quality to our consumers,” Raina said. Rai was arrested as part of an investigation into alleged money laundering by Chinese smartphone brand Vivo.The ED alleged that 23 companies under Vivo India helped the company funnel Rs 62,476 crore of its sale proceeds illegally to China.

(This story originally appeared in on Nov 07, 2023)

An opportunity to gain exposure to a distributor, manufacturer and assembler of zero-emissions buses and trucks on the cusp of the EV revolution with a line into government and commercial contracts.

₹40 crore bank fraud case was filed against legislator Jaswant Singh Gajjanmajra. The legislator was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA) after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said. As per PTI reports, citing officials familiar with the development, Gajjanmajra had skipped multiple summons issued to him in the past and hence, was detained and then arrested after questioning.

ASK Automotive on Monday said it has mobilised a little over Rs 250 crore from anchor investors ahead of its initial share sale which opens for public subscription on Tuesday. The company has allotted 88.71 lakh equity shares to 25 funds at Rs 282 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. At the price, the company has garnered Rs 250.17 crore from anchor investors.

(Reuters) — Chipmaker NXP Semiconductors (NASDAQ:NXPI) forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets.

Investing.com — NXP Semiconductors on Monday reported third-quarter results that topped Wall Street estimates. 

Reliance Jio is working with featurephone makers including Transsion's Itel, Lava and Nokia to make their own versions of affordable JioBharat 4G devices, in a bid to push around 250 million 2G users to go for 4G and beyond, a top company executive said. The telco is also set to announce an enhanced version of its Rs 999-priced 4G phone with support for UPI payments, WhatsApp and live TV streaming. «We wanted to establish the product in the market and in the minds of the consumer, so they could associate with it, relate with it...Today, all brands, whether it's Itel, Lava or Nokia, are in touch with us in terms of how do we make it happen,» Sunil Dutt, president (devices division) at Reliance Jio, told ET. Dutt said a typical 2G user isn't comfortable using a smartphone, finding it expensive and prone to malfunctions. Affordability, he said, is the biggest factor, and Jio's new push into the featurephone market is done in a manner to lower the cost of ownership. The JioBharat phones come with special 4G monthly plans which Dutt said are priced much lower than competition. «This is the most exploited customer and surprisingly our competitors have no sense of regret in exploiting them too.