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Here are some of the major updates that could move the markets tomorrow: Manufacturing PMI weakens to 53.9 in June India’s manufacturing activity expanded at the slowest pace in nine months in June as high inflation rates dampened demand and production. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 53.9 in June […]
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Reliance, Ola selected for incentives under PLI scheme for battery manufacturing Reliance New Energy Solar, Ola Electric Mobility, Hyundai, and Rajesh Exports have been selected to receive incentives under a PLI scheme for manufacturing Advanced Chemistry Cell (ACC) Battery Storage in India. Hyundai and Ola Electric have been awarded support for setting up 20 Gigawatt […]
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Tech Mahindra to acquire 100% stake in Allyis India, Green Investments Tech Mahindra Ltd has approved a proposal for the acquisition of a 100% stake in Allyis India and Green Investments. The total consideration for the acquisition is $125 million (~Rs 929 crore). Allyis offers technology consulting and managed services that help organizations reduce costs […]
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Cabinet clears Rs 76,000 crore incentive scheme for semiconductors The Union Cabinet has approved a Rs 76,000 crore incentive scheme for semiconductor production. Under this scheme, India will set up more than 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years. The scheme has been named the “Programme for […]
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Asian Paints to invest Rs 960 crore to expand Gujarat unit Asian Paints Ltd has signed a Memorandum of Understanding (MoU) with the Govt of Gujarat, commencing the proposed expansion of manufacturing capacity at its Ankleshwar unit at a total investment of about Rs 960 crore. The manufacturing capacity of paint will go up from […]

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