Science & Tech News: Innovations

PLI scheme for electronics manufacturing has created over 1.37 lakh direct jobs: Govt

IANS | February 10, 2025 1:18 PM

New Delhi, Feb 10 (IANS) The production-linked incentive (PLI) scheme for electronics manufacturing has succeeded in attracting a cumulative investment to the tune of Rs 10,213 crore till December 2024, leading to the creation of over 1.37 lakh direct jobs and boosting the country exports, according to information tabled in the Parliament.

New Income Tax Bill to raise transparency in tax laws, say experts

IANS | February 10, 2025 12:25 PM

New Delhi, Feb 10 (IANS) The new Income Tax Bill is contemplated to raise the level of transparency in tax laws by adopting clear and unambiguous language in tax provisions which allows the taxpayers to easily understand their obligations and rights, industry experts said on Monday.

PLI booster: Apple iPhones hit record exports of Rs 1 lakh cr in 10 months this fiscal

IANS | February 10, 2025 10:00 AM

New Delhi, Feb 10 (IANS) Riding on the government’s production-linked incentive (PLI) scheme, Apple has reached all-time high iPhone export figures from India at Rs 1 lakh crore for the 10 months (April-January) in the current financial year (FY25).

Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports

IANS | February 10, 2025 9:39 AM

Mumbai, Feb 10 (IANS) The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico.

Revised income tax law to eliminate obsolete and redundant provisions: Experts

IANS | February 9, 2025 10:26 PM

New Delhi, Feb 9 (IANS) The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid understanding and interpretation by various stakeholders, which will also eliminate obsolete and redundant provisions, according to industry experts.

More RBI rate cuts on the cards, stance likely to change from neutral to accommodative

IANS | February 9, 2025 9:46 PM

New Delhi, Feb 9 (IANS) As the RBI embarks upon the rate cut cycle, it can be expected that more cuts are also on the cards, while the timing can be debatable, according to a Bank of Baroda note.

Meta likely to lay off thousands of employees, says leaked memo

IANS | February 9, 2025 5:10 PM

New Delhi, Feb 9 (IANS) Tech giant Meta is expected to lay off around 3,000 employees, which is about 5 per cent of its total workforce, as per a leaked internal memo, reports said on Sunday.

India’s semiconductor consumption market to grow at a 13 pc CAGR through 2030

IANS | February 9, 2025 10:13 AM

New Delhi, Feb 9 (IANS) Driven by the government's production-linked incentive (PLI) scheme, India’s semiconductor consumption market which is valued at $52 billion in 2024-25 is expected to grow at a robust CAGR of 13 per cent through 2030.

India’s pharma exports has potential to reach $350 billion by 2047: Report

IANS | February 9, 2025 9:57 AM

New Delhi, Feb 9 (IANS) India’s pharmaceutical exports are projected to double from approximately $27 billion in 2023 to reach $65 billion by 2030, and can further grow to an estimated $350 billion by 2047, according to a new report.

Human breast milk may heal corneal wounds: Study

IANS | February 8, 2025 5:47 PM

New Delhi, Feb 8 (IANS) Using human breast milk may enhance the healing of the cornea -- the clear outer layer at the front of the eye, which helps the eye to focus light to help one see clearly, finds a study.