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Indian stock market: Ganesh Dongre of Anand Rathi believes the Nifty 50 index may witness a period of sideways consolidation during the upcoming monthly expiry week View More
The ASSOCHAM report indicates that the Production Linked Incentive Scheme has attracted significant investment across various sectors. It emphasizes the need for better implementation, compliance, and incentive disbursement processes. View More
The Production Linked Incentive (PLI) Scheme has attracted significant investment and supported the expansion of manufacturing capacity across 14 strategic sectors, according to a report by ASSOCHAM Global Research. The report, “Ease of Doing Business in India’s Promising Manufacturing Sectors: Assessing the Production Linked Incentive (PLI) Scheme Across 14 Sectors”, highlights that, by March 2026, total investments under the scheme had reached Rs 2.40 lakh crore, with more than 836 approved applicants investing across the 14 sectors and incremental production and sales had crossed ₹20 lakh crore (December 2025). The ASSOCHAM study finds that progress has varied across sectors. Electronics, pharmaceuticals and bulk drugs, telecom and food products have made strong progress, while ACC batteries and solar PV modules are experiencing steady improvements. IT hardware, textiles and speciality steel have recorded relatively moderate incentive disbursement. The report observes that these differences reflect variations in technology, capital requirements, project timelines and industry structure. “The PLI Scheme has succeeded in generating substantial interest from industry and mobilising investment in strategically important sectors. The next challenge is to ensure that these investments move smoothly through the stages of project implementation, production, compliance, claim submission and incentive disbursement,” said Nirmal Kumar Minda, President, ASSOCHAM, in a statement. “The effectiveness of PLI depends not only on the size of the incentives, but also on how easy it is for a compliant company to use the scheme. Clear rules, predictable processes, simpler compliance and better coordination have helped reduce the time and cost involved in moving from investment to production and finally to incentive realisation,” said Saurabh Sanyal, Secretary General, ASSOCHAM. Live Events The sector-wise analysis identifies approval timelines, testing and certification, claim verification, skilled manpower, eligibility thresholds and supporting infrastructure as important Ease of Doing Business ingredients. The report notes that these need further facilitation to strengthen ease of doing business. “PLI performance therefore needs to be assessed through a combination of investment, production, exports, domestic value addition and incentive disbursement rather than through any single indicator,” said S.P. Sharma, Chief Economist, ASSOCHAM. The report recommends simpler, more predictable claim processes; standardised certification; smoother approvals; better testing infrastructure; sector-aligned eligibility requirements; and stronger coordination among relevant agencies. It concludes that PLI and Ease of Doing Business need to be more synchronised. While PLI provides the incentive to invest and produce in India, an efficient and predictable business environment will help further convert these investments into productive capacity, higher domestic value addition, exports and stronger manufacturing capabilities. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
Vishal Nirmiti Ltd is gearing up for its initial public offering, setting a price range of Rs 208 to 220. The IPO is scheduled to commence on September 30 and conclude by October 5, featuring both a fresh issue and an offer for sale. The proceeds will be allocated toward enhancing working capital and addressing corporate requirements. View More
Vishal Nirmiti Ltd , a civil engineering, manufacturing and construction company, has fixed a price band of Rs 208-220 per equity share for its initial public offering (IPO), which will open for subscription on September 30. The initial share-sale will close on October 5, according to the company's advertisement published on Saturday. The IPO comprises a fresh issue of up to 69.71 lakh equity shares , aggregating to Rs 145 crore at the upper end of the price band, and an offer for sale (OFS) of 15 lakh shares worth Rs 33 crore. The total issue size stands at Rs 178 crore at the upper price band. Proceeds from the IPO are proposed to be utilised for funding working capital requirements, loan repayments and general corporate purposes. Vishal Nirmiti is engaged in manufacturing and dealing in pre-stressed concrete (PSC) sleepers for railway, pre-cast and pre-stressed concrete products, as well as fabrication of mild steel (MS) pipes, MS liner and pre-stressed pipes for pumped storage projects. Live Events The company also provides engineering, procurement, infrastructure and construction services for railway infrastructure and various civil engineering, irrigation and infrastructure projects. The equity shares are proposed to be listed on the BSE and NSE. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India has ordered more than 100 coal-fired power plants to operate at full capacity starting October 1, which is intended to meet rising electricity demand. The federal power ministry's directive covers plants with installed capacities of at least 50 megawatts. Nearly 40% of coal-fired plants have low fuel stocks amid increasing power needs due to El Nino. View More
New Delhi: India has ordered more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end to meet what it expects will be a rise in electricity demand. The federal power ministry's order, invoked under emergency provisions of the Electricity Act, applies to plants with installed capacity of at least 50 megawatts. The aim is to meet an "expected rise in electricity demand in the coming months," showed the order dated September 25 and seen by Reuters. Also Read: India urges Centre to intervene over EU metal scrap export list exclusion Nearly 40% of coal-fired plants are operating with critically low fuel stock due to a surge in power demand as the El Nino climate phenomenon raises temperatures more than usual. The plants primarily serve industrial facilities such as aluminium smelters, steel manufacturers, cement factories and oil refineries. Live Events The power ministry has directed generators to sell surplus electricity through power exchanges. Also Read: Deccan Gold shifts from exploration to gold production, builds critical-mineral portfolio The order covers 112 plants belonging to companies including Vedanta , Tata Steel , Hindalco Industries , JSW Steel , UltraTech Cement , Reliance Industries , Indian Oil , Bharat Aluminium, Hindustan Zinc and Nayara Energy. The ministry has ordered plants to report weekly to the Central Electricity Authority detailing generation, captive consumption, power sales, available capacity and coal stocks. Separately, the ministry has extended an earlier emergency order requiring Tata Power 's imported coal-fired plant in Mundra, Gujarat, to operate at full capacity until December 31, citing the demand situation. Section 11 of the Electricity Act allows the government, under extraordinary circumstances, to direct generators to operate power stations in accordance with its instructions. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Stocks to buy for long term: Experts believe all these three Vedanta Group stocks are better suited to your portfolio from the fundamental perspective, as they are portfolio stocks View More
JSW One Platforms Ltd has submitted its draft documents to SEBI for a substantial IPO, targeting to generate Rs 3,054 crore. This offering comprises a fresh share issue of Rs 1,300 crore alongside an Offer for Sale totaling Rs 1,754.01 crore. Funds raised will enhance marketing, boost capital, upgrade technology, and support various corporate initiatives. View More
JSW One Platforms Ltd , a technology-enabled B2B platform serving the manufacturing and construction sectors , has filed draft papers with the market regulator SEBI to raise up to Rs 3,054 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 1,300 crore and an Offer for Sale (OFS) of shares worth up to Rs 1,754.01 crore, according to the draft red herring prospectus (DRHP) filed late Thursday night. The OFS will comprise shares sold by JSW Steel Ltd , JSW Cement Ltd and Mitsui & Co Ltd. The company plans to use the net proceeds from the fresh issue to invest Rs 125 crore in JSW One Distribution Ltd towards marketing and brand-building activities, Rs 500 crore in JSW One Finance Ltd to augment its capital base and up to Rs 350 crore for technology and platform development. The remaining proceeds will be used for general corporate purposes. Live Events JSW One Platforms operates an integrated digital platform that connects MSMEs with sellers of manufacturing and construction materials. Its offerings include commerce, embedded financing, logistics, processing and customisation, and private brands. As of June 30, 2026, the platform had 95,611 registered customers, 1,713 sellers and 165 cumulative brands, with a network spanning 6,963 serviceable pin codes. The company is supported by 81 logistics partners, 12 contract service centres and 9 contract manufacturers. Its revenue from operations rose 44.93 per cent to Rs 5,743.39 crore in fiscal 2026 from Rs 3,962.81 crore in the previous fiscal. Gross merchandise value (GMV) increased to Rs 18,596.91 crore in fiscal 2026 from Rs 12,564.84 crore in fiscal 2025. For the three months ended June 30, 2026, the company reported revenue from operations of Rs 1,642.45 crore, while profit after tax stood at Rs 14.21 crore. Its GMV was Rs 5,949.73 crore. According to the 1Lattice Industry Report, India's B2B trade is estimated at around USD 2 trillion. The addressable market for manufacturing products was estimated at Rs 8.84 lakh crore in fiscal 2026, while the market for construction products was around Rs 11.30 lakh crore. Digital penetration of B2B commerce across India's manufacturing and construction sectors stood at around 3 per cent in fiscal 2026E, indicating significant scope for further digitisation, the report said. JM Financial , Kotak Mahindra Capital Company, ICICI Securities, SBI Capital Markets and PL Capital Markets are the book-running lead managers for the issue, while KFin Technologies is the registrar for the offer. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India’s metal recycling industry has urged the government to take up the country’s exclusion from an EU draft list allowing metal scrap exports to non-OECD nations. MRAI warned the move could disrupt scrap supplies, raise raw material costs for recyclers and increase dependence on virgin materials, particularly affecting MSMEs. View More
New Delhi: The metal recycling industry has urged the government to take up India's exclusion from the draft list of countries to which the European Union will export ferrous and non-ferrous metal scrap with the European Commission and other appropriate authorities. The move raises concern over availability of some essential secondary raw material for manufacturing, Material Recycling Association of India (MRAI) said in a letter to the commerce ministry, seeking its intervention in the matter. The European Commission on September 18 published a draft list of non-OECD countries authorised to import specific types of non-hazardous waste from the EU under the Waste Shipment Regulation. While India is in the list, it is not approved to receive metal waste. The move, if materialised, could impact India's metal scrap supply chain, affecting recyclers, particularly the micro small and medium enterprises, raise raw material costs, and increase reliance on virgin materials, MRAI said. India is a major global importer of scrap metal and the EU is one of its major sources. The bloc accounted for around 20% of aluminium scrap imported into the country last fiscal, besides 22% of copper and copper alloy scrap, 20% of lead scrap, and 40% of zinc scrap. Further, out of around 8.45 million tonnes of ferrous and stainless-steel scrap India imported in FY26, 0.79 million tonnes originated from the EU. Imported metal scrap is a key secondary raw material in manufacturing as the domestic end-of-life scrap availability cannot meet the recycling demand, according to MRAI. The association has also written to the ministries of steel and mines, it told ET. Live Events Under the revised Waste Shipment Regulation, the EU will prohibit exports of non-hazardous waste to non-OECD countries from May 21, 2027. Countries in the authorised list will be exempted. The last date to submit a response to the draft list is October 16. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Stock market outlook: The Nifty 50 index is now trading around the important 23,000–23,100 zone, which is a crucial support coinciding with the rising channel support, says Mehul Kothari View More
Coca-Cola is trying to maintain growth as consumers face higher gas and grocery prices. View More
In this articleMNSTKOFollow your favorite stocksCREATE FREE ACCOUNT This view shows bottles of regular Coca-Cola soda displayed for sale on shelves at a Walmart store in Mexico City on October 27, 2025. Yuri Cortez | Afp | Getty ImagesRob Gehring, the head of Monster Energy's Americas business, will leave to run Coca-Cola's North America unit, the companies said Friday.He will take over the position on Dec. 1. The move comes as Coke tries to maintain growth while U.S. consumers cut back on spending in the face of higher gas and grocery prices. Despite those dynamics, the beverage giant posted net sales growth of 7% in the second quarter, as volume â a key measure of demand â rose 3% in North America. Though Monster Energy parent Monster Beverage is considerably smaller than Coke, its sales have soared in part due to innovation in the energy drink space. The company reported net sales growth of 20% in its second quarter.Coke is also investing in developing new beverages beyond its core soda offerings, including refreshers and dirty sodas.Gehring, 59, took on his previous role at Monster in February after serving as chief growth officer since 2024. In a press release, Coke said he was "part of the leadership team that drove the company's growth agenda and modernized commercial capabilities."Before joining Monster, Gehring was CEO of Swire Coca-Cola USA, a major bottler of Coke products in the western U.S.Coke shares have climbed more than 25% this year, while Monster's stock has risen more than 12%. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
