Lisl News Desk - Lakshmishree News

Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme

Foxconn Technology Group and Dixon Technologies India Ltd., key players in India’s electronics manufacturing drive, have urged the government to release pending subsidies under the production-linked incentive (PLI) scheme. These subsidies, part of the Rs 41,000 crore ($4.8 billion) package, aim to encourage large-scale manufacturing in India but remain partially unallocated due to unmet production […]

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NSE Expands Co-Location Capacity, Strengthens Global Presence

Lisl News Desk / Indian Market

The National Stock Exchange (NSE) has announced a major expansion of its co-location services, further establishing itself as one of the largest co-location service providers worldwide. It has added more than 200 Full Rack Equivalent capacities under Colocation Phases 11 and 12 at its NSEIL premises. This takes the total capacity to over 1,200 FREs

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Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns

Lisl News Desk / Global Market

Tencent Holdings Ltd., China’s most valuable technology firm, conducted its biggest share repurchase in almost two decades following a sharp stock decline. The selloff occurred after Tencent was added to a US blacklist for alleged ties to the Chinese military. On Tuesday alone, the company bought back 3.93 million Hong Kong-listed shares worth HK$1.5 billion

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NSE to Add Six New Stocks to F&O Segment from January 31, 2025

Lisl News Desk / Indian Market

The National Stock Exchange of India (NSE) has announced the inclusion of six new securities in the Futures and Options (F&O) segment starting January 31, 2025. The stocks to be added are Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries India, and Torrent Power. These stocks have been selected as per the criteria prescribed

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India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates

Lisl News Desk / Indian Market

India’s economy is projected to grow at 6.4% in FY25, marking its lowest growth rate in four years, according to the government’s first advance estimates released on January 7. This would be the first time in four years that GDP growth falls below the 7% threshold. The economy performed well in Q1 of the FY25

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MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43%

Lisl News Desk / Indian Market

Fintech company One MobiKwik Systems Ltd. reported a net loss of ₹3.6 crore for the September 2024 quarter, reversing a net profit of ₹5.3 crore in the same period last fiscal. The loss was attributed to an increase in expenses, the company said in an exchange filing on January 7. Despite the loss, operational revenue

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Zydus Lifesciences Gains 5% After Securing Deal with CVS Caremark for Diabetes Products

Lisl News Desk / Indian Market

Shares of Zydus Lifesciences surged over 5% on January 7 following the announcement of a strategic agreement with US-based healthcare firm CVS Caremark. The collaboration will see Zydus’ diabetes products included in CVS Caremark’s template formulary, enhancing access to these treatments in the US market. The agreement covers Zituvio (sitagliptin), Zituvimet (sitagliptin and metformin hydrochloride),

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NTPC’s Clean Energy Arm Plans ₹1.8 Trillion Green Hydrogen Hub in Andhra Pradesh

Lisl News Desk / Indian Market

NTPC Green Energy Ltd., the clean energy division of NTPC Ltd., is set to establish a massive green hydrogen hub in Pudimadaka, near Visakhapatnam, Andhra Pradesh, with an investment of ₹1.8 trillion ($21 billion). This ambitious project is part of India’s National Green Hydrogen Mission and aims to bolster the country’s transition to carbon-free fuel.

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JSW Energy Shares Slide 5% as CERC Rejects Tariff Proposal for SECI Project

Lisl News Desk / Indian Market

Shares of JSW Energy tumbled over 5% on January 6 after the Central Electricity Regulatory Commission (CERC) declined to approve the proposed tariff for the company’s battery energy storage project associated with Solar Energy Corporation of India Limited (SECI). CERC, in its order dated January 2, 2025, mentioned that the proposed tariff was considerably higher

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PLI Scheme for Electronic Components Worth ₹25,000 Crore Likely in Budget 2025

Lisl News Desk / Indian Market

The Indian government is set to unveil a Production-Linked Incentive (PLI) scheme worth ₹25,000 crore for electronic components, as per reports from CNBC-TV18 on January 6. The Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is expected to seek Cabinet approval. The announcement could be part of

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Author name: Lisl News Desk