India has identified specific manufacturing sectors where selected beneficiaries (mix of local and global firms) can tap into production-linked incentives.
Apple is preparing to move up to 10% of production for the iPhone 12 from China to India, reports claim, with assembly partner Foxconn said to be working on units for sale within the country and for the export market.
Read more about Nifty regains 15,000; breadth strong on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 330.86 points or 0.66% at 50,736.18. The Nifty 50 index was up 112.65 points or 0.75% at
Maruti Suzuki India said the company produced total 1,68,180 vehicles in February 2021 as against 1,40,933 vehicles in February 2020.
The board of directors of Adani Ports and Special Economic Zone (APSEZ) approved to issue up to 1 crore equity shares to Windy Lakeside Investment (Windy) at a price of Rs 800 per equity share, for an aggregate consideration of up to Rs 800 crore.
Cipla (UK), a wholly owned subsidiary of Cipla (EU) and a wholly owned step down subsidiary of Cipla, has been voluntarily liquidated with effect from 5th March, 2021. This liquidation was a part of internal reorganisation and it will not affect performance or revenue of the company.
Read more about Sensex ends almost flat, Nifty ends below 15,000; PSU banks, metal stocks advance on Business Standard. Domestic equity market started on a strong note, but gave up all gains during the latter half of the day. PSU banks, metals and pharma stocks advanced while autos, financials and FMCG shares declined. The barometer index, the S&P BSE Sensex, rose