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Tata, Motherson & Foxconn arm lead ₹41,863 cr ECMS approvals
Financial Express Mumbai
|January 03, 2026
MOBILE PHONE ENCLOSURES emerged as the biggest focus area as the government on Friday cleared 22 projects under the Electronics Components Manufacturing Scheme (ECMS) worth 41,863 crore with homegrown Tata Electronics and the Motherson Group, along with Foxconn’s India arm Yuzhan Technology, leading the list of beneficiaries.
The approvals and projected production worth ₹2.58 lakh crore, are expected to generate nearly 33,791 direct jobs. Enclosures alone accounted for over ₹27,000 crore of the total investment, highlighting government’s push to localise high-value, scale-intensive components in the smartphone supply chain.
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FLERE HISTORIER FRA Financial Express Mumbai
Financial Express Mumbai
Gen Z is full of creativity: PM
PRIME MINISTER NARENDRA Modi on Monday said India's Gen Z is full of creativity and with innovative ideas, energy and purpose, the country's youth is at the forefront of nation-building.
1 min
January 13, 2026
Financial Express Mumbai
Lemon Tree: Restructuring gains
EYES CAGR OF 11% IN REVENUE, 13% IN EBITDA, 26% IN PAT OVER FY25-28
2 mins
January 13, 2026
Financial Express Mumbai
Capex budget may rise to ₹12.5Lcr
Counter-cyclical step amid external headwinds, particularly US tariffs
2 mins
January 13, 2026
Financial Express Mumbai
Retail inflation rises to 1.33% in December
INFLATION, MEASURED BY the consumer price index (CPI), rose to 1.33% in December from a series low of 0.25% in October and 0.71% in November, largely on account of narrowing of food deflation and waning of a favourable base.
1 mins
January 13, 2026
Financial Express Mumbai
Deutsche's India biz gets Kotak, Federal bids
DEUTSCHE BANK'S INDIA retail assets and wealth management have drawn binding bids from Kotak Mahindra Bank and Federal Bank, according to people familiar with the matter, as the local lenders pounce on opportunities from foreign players seeking to exit the crowded banking market.
1 mins
January 13, 2026
Financial Express Mumbai
UK investigates X over Grok deepfake concerns
UK REGULATORS HAVE opened a probe into Elon Musk's X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform.
1 min
January 13, 2026
Financial Express Mumbai
Gold and silver storm to records
GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.
1 min
January 13, 2026
Financial Express Mumbai
Labour Code impact drags TCS, HCLTech profits in Q3
Revenue growth remains steady
2 mins
January 13, 2026
Financial Express Mumbai
Gaurav Munjal to stay at the helm of Unacademy
Munjal will continue to lead the edtech company as group chief executive, ending months of speculation over a potential leadership transition at the SoftBank-backed test preparation firm, people familiar with the matter told FE.
2 mins
January 13, 2026
Financial Express Mumbai
Powell vows to stand firm amid DOJ criminal probe
TRUMP DENIES HAVING ANY KNOWLEDGE OF THE INVESTIGATION
1 min
January 13, 2026
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