🗞️ PLI Schemes Draw $25.55 Billion, Create Over 14 Lakh Jobs
India’s Production Linked Incentive (PLI) schemes have attracted US$25.55 billion in investments and generated over 14.15 lakh jobs across sectors including electronics, pharmaceuticals, automobiles, and textiles.
The programme has boosted domestic manufacturing, encouraged global companies to expand operations in India, and strengthened the country’s position as a global production hub.
💬 Expert Take — “The PLI scheme is proving to be one of India’s most impactful industrial policies. Beyond attracting investment, it’s helping build manufacturing capacity, create employment, and reduce import dependence.”
🗞️ India’s Renewable Energy Capacity Reaches 288.58 GW
India’s renewable energy capacity has reached 288.58 GW, reflecting continued growth in solar, wind, hydro, and other clean energy sources.
The expansion supports India’s energy transition goals while reducing reliance on fossil fuels and improving long-term energy security.
💬 Expert Take — “Rapid renewable capacity addition is strengthening India’s energy independence and supporting sustainable economic growth. Continued investment in grid infrastructure will be key to maintaining this momentum.”
🗞️ India Pushes Ahead with Semiconductor Mission 2.0
According to Business Standard, India is expanding Semiconductor Mission 2.0 with a broader focus on chip fabrication, packaging, equipment, and the wider semiconductor ecosystem.
The initiative aims to make India a globally competitive semiconductor manufacturing destination while reducing dependence on imports.
🗞️ PMFME Scheme Crosses 2 Lakh Credit Sanctions
The PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme has crossed 2 lakh credit sanctions, providing financial support to small food processing businesses across rural India.
The scheme is helping entrepreneurs scale operations, generate employment, and strengthen the rural economy.
🗞️ Trump Announces 100% Tariff on Generic Drug Imports
US President Donald Trump announced a 100% tariff on generic drug imports starting in 2028.
The proposal could have significant implications for global pharmaceutical trade, with Indian drug manufacturers closely watching developments given their strong presence in the US generics market.
🗞️ Adani Power Profit Rises 42%
Adani Power reported a 42% year-on-year rise in Q1 net profit and approved plans to raise ₹15,000 crore to support future expansion.
The fundraising is expected to strengthen the company’s capacity addition and long-term growth plans.
🗞️ BPCL Reports Q1 Loss
BPCL posted a consolidated net loss of ₹1,873 crore in Q1 FY27 due to weaker marketing margins despite stable operational performance.
The results highlight the pressure on oil marketing companies amid volatile energy prices.
🗞️ Eternal Posts 268% Profit Growth
Eternal reported a 268% year-on-year jump in net profit to ₹92 crore, while revenue increased 182%.
The strong earnings reflect rapid business expansion and improved operational efficiency.
📊 Market Update
📉 Sensex: 76,755.05 ▼ 715.06 (-0.92%)
📉 Nifty 50: 23,996.25 ▼ 191.45 (-0.79%)
🪙 Gold (per gram)
24K: ₹14,651 ▲ ₹229
22K: ₹13,430 ▲ ₹210
18K: ₹10,988 ▲ ₹172
🥈 Silver: ₹2,40,000/kg ▲ ₹5,000