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Cabinet nod to rare earth PLI soon
Financial Express Chennai
|November 26, 2025
₹7,300-CRORE SCHEME TARGETS 6,000-TONNE MANUFACTURING ECOSYSTEM
THE UNION CABINET Is likely to approve the rare earth permanent magnets (REPM) manufacturing incentive scheme with a corpus of ₹7,300 crore on Wednesday.
According to sources, the scheme-India's answer to China's stronghold over the global rare earth permanent magnets supply chain-aims to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonne. The programme is expected to run for seven years.
The finance ministry's Expenditure Finance Committee (EFC) has already approved the ₹7,300-crore productionlinked incentive (PLI) scheme, paving the way for Cabinet clearance.
Several global and domestic players, including Lynas, Iluka, Rainbow, Bharat Forge, Sona Comstar and JSW, have shown interest in the initiative.
REDUCING CHINA DEPENDENCE
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FLERE HISTORIER FRA Financial Express Chennai
Financial Express Chennai
DGCA’s new norms to check pilot, crew fatigue
INDIAN AIRLINES ARE now required to provide training in fatigue management to schedulers and dispatchers who prepare rosters for pilots with the aviation watchdog seeking to strengthen measures to address persisting concerns over fatigue among the cockpit crew.
1 min
November 26, 2025
Financial Express Chennai
Cabinet nod to rare earth PLI soon
₹7,300-CRORE SCHEME TARGETS 6,000-TONNE MANUFACTURING ECOSYSTEM
2 mins
November 26, 2025
Financial Express Chennai
The quest for cultural relevance
LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM
3 mins
November 26, 2025
Financial Express Chennai
NPCI arm to roll out value-added financial services on BHIM app
NPCI BHIM SERVICES (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), will soon roll out value-added financial services on the Bharat Interface for Money (BHIM) app platform, beginning with credit cards.
1 mins
November 26, 2025
Financial Express Chennai
Delhi most polluted,60% districts in India breach annual PM2.5 limits
DELHI RANKED AS the most polluted among 33 states and Union territories with an annual mean PM2.5 concentration of 101 micrograms per cubic metre, 2.5 times the Indian standard and 20 times the WHO guideline, according to a new satellite-based analysis.
1 min
November 26, 2025
Financial Express Chennai
Zetwerk plans $750-mn IPO next year, hires 6 banks
ZETWERK, AN INDIAN contract manufacturer, is preparing to file for an initial public offering (IPO) that may raise as much as $750 million, according to people familiar with the matter.
1 min
November 26, 2025
Financial Express Chennai
Non-sanctioned oil trade with Russia may get banks' funding
MIDDLE PATH
1 mins
November 26, 2025
Financial Express Chennai
Dozens of firms hit pause on IPOs
Delay in listing despite Sebi nod
1 min
November 26, 2025
Financial Express Chennai
ARCs see big gains in realty as stressed assets turn viable
ASSET RECONSTRUCTION COMPANIES (ARCs) are increasingly turning their attention to real estate, with nearly one-fourth of their new acquisitions this year coming from the sector.
1 min
November 26, 2025
Financial Express Chennai
IMF to reclassify India’s Fx regime as Re turns volatile
THE INTERNATIONAL MONETARY Fund will soon reclassify India's exchange rate regime to include references to a crawling peg, according to sources, a move that would reflect increased rupee volatility.
1 min
November 26, 2025
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