Cabinet approves Rs 62,500 crore mobile phone manufacturing scheme

IANS | July 15, 2026 3:55 PM

New Delhi, July 15 (IANS) The Union Cabinet -- chaired by Prime Minister Narendra Modi -- on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore to scale up domestic production, boost exports and strengthen India's position as a global electronics manufacturing hub.

FICCI hails operationalisation of India-UK trade pact, sees gains for goods and services

IANS | July 15, 2026 1:24 PM

New Delhi, July 15 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday welcomed the operationalisation of the India-UK Free Trade Agreement (FTA), saying the landmark pact will open new opportunities for Indian industry, enhance competitiveness and deepen the country's integration with global value chains.

Passenger vehicle wholesales rise 24 pc in June, two-wheeler sales up 19 pc: SIAM

IANS | July 15, 2026 12:31 PM

New Delhi, July 15 (IANS) Domestic passenger vehicle (PV) dispatches from manufacturers to dealers rose 24.1 per cent year-on-year to 3,88,144 units in June, while two-wheeler and three-wheeler sales also recorded strong double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

India-origin pharma patents jump four-fold, innovation pipeline tops 1,095: Report

IANS | July 15, 2026 11:34 AM

New Delhi, July 15 (IANS) India-origin pharmaceutical patent families have risen more than four-fold over the past decade, while the country's drug discovery pipeline has expanded to more than 1,095 programmes across 195 companies, signalling a rapid shift from generics-led manufacturing to innovation-driven research, a report showed on Wednesday.

IBM CEO admits AI infrastructure spending hit harder than expected, shares plunge 25 pc

IANS | July 15, 2026 10:44 AM

New Delhi, July 15 (IANS) US-based technology giant IBM's Chairman and CEO Arvind Krishna has admitted that the company underestimated the scale of customers' shift in spending towards artificial intelligence (AI) infrastructure and failed to adapt quickly enough, saying we faltered in the second quarter as the trend weighed on its revenue.