With the aim of boosting Aatmanirbharta (self-reliance) in defence production and minimising imports by defence public sector undertakings (DPSUs), the Ministry of Defence (MOD) has notified a fifth positive indigenisation list (PIL) comprising 346 defence items. The MoD has ordered that "these items will only be procured from the Indian industry after the timelines of indigenisation as indicated in the list available on the MoD's Srijan portal (https://srijandefence.gov.in)."
A PIL is expected to provide assurance to the domestic defence industry, which has frequently burned its fingers by expending the money and effort on developing a defence product. It led to the MoD importing them from the global market instead.
Diese Geschichte stammt aus der July 17, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 17, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Alia Bhatt, Diljit Dosanjh, Orry among 10 'riskiest' celebs for online search
If you are a fan of singer Diljit Dosanjh, actor Alia Bhatt or cricketer Virat Kohli, beware of online links about them. They are among 10 celebrities whose names generate the “riskiest” online results, according to a report.
Kolkata slowly gets into Durga Puja spirit
Retail, restaurant, sponsorship gradually recover from the strain of protests and the absence of Bangladeshi shoppers
India's manufacturing under-performance: A new clue from ‘multi-plants'
In Tuesday's piece, we highlighted the rise of the multi-plant phenomenon and showed that when account is taken of it, large plants in India have not grown over time despite a number of favourable developments such as policy liberalisation and contractualisation of labour. We also documented their lower productivity, which could explain in part why Indian firms did not become competitive internationally, especially in labour-intensive sectors.
CRISIL expects 25% hit on discount brokers' PBT over regulatory changes
A raft of regulatory measures by the Securities and Exchange Board of India (Sebi) is expected to hit the profitability of brokerages, particularly those operating the discount model. The estimated hit could be around 25 per cent of their profit before tax (PBT), said CRISIL Ratings in a note on Tuesday.
Low on equities, hybrids withstand mkt turmoil
BAFs decline 2.7% on average compared to a 5.4% fall in Nifty 50
Sebi issues checklist for AIFs to curb circumvention
The Securities and Exchange Board of India (Sebi) on Tuesday issued fresh guidelines on due diligence of investors in the alternative investment funds (AIFs) to prevent circumvention of norms and ever-greening of loans.
Ultratech better placed amid recovery hopes
The cement industry struggled through the July-September quarter (Q2) of financial year 2025 (FY25) due to seasonal factors and high competitive intensity.
Time to flip the script and turn the page on India stocks? Experts weigh in
Recent developments - geopolitical flare-ups in West Asia that have triggered an 18 per cent increase in crude oil prices to around $80 a barrel in just a few days, stimulus measures announced by China to prop up its economy, and the lofty valuation of Indian markets (23x one-year forward earnings) - have prompted foreign portfolio investors to dump Indian stocks worth over ₹30,000 crore in the first four trading days of October.
MFISRO to review indebtedness compliance
Micro Finance Industry Network (MFIN), a self-regulatory organisation for the microfinance sector, will review the compliance of its members regarding norms to restrict the number of lenders per borrower to four, and the limit of total microfinance indebtedness to ₹200,000.
LIC reduces 1st-year agent payout to 28% from 35%
First insurer to change commission after revision in surrender value norms
