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Opportunity India Desk Dec 08 2023 - 7 min readThe Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das on Friday opted to maintain the repo rate at 6.5 per cent following a comprehensive evaluation of the evolving macroeconomic developments. This is the fifth consecutive meeting in which the MPC has chosen to maintain the existing status on the repo rate. ...
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Opportunity India Desk Dec 08 2023 - 5 min readAs the electric vehicle market in India is rapidly growing with many companies coming up with their latest models of EV, it faces a critical need for a robust infrastructure to manage its energy demands for coming years. While there is an emphasis on expanding lithium-ion battery cell production, a key aspect that ...
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Opportunity India Desk Dec 07 2023 - 2 min readThe Ministry of Textiles has decided to extend the application deadline for new submissions under the Production Linked Incentive (PLI) scheme for textiles. The revised deadline for fresh applications is now set for December 31, 2023. The extension includes categories such as manmade fiber (MMF) apparel, MMF fabrics, and technical textile products.
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Opportunity India Desk Dec 07 2023 - 3 min readCountry’s startup ecosystem is flourishing, with close to 1.16 lakh government-recognized startups operating under the Startup India initiative. The government has officially acknowledged 1,14,902 entities as startups as of October 31, 2023, since the program's launch in 2016, said Minister of State for Commerce and Industry Som Parkash. While the Ministry reported this ...
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Opportunity India Desk Dec 07 2023 - 9 min readIn an era of technological leaps and boundless innovation, a few advancements have proven as pivotal as the evolution of battery technology. In this article, we will shed light on the journey from humble mobile devices to the electrifying landscapes of electric vehicles and renewable energy storage. As we embark on ...
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Opportunity India Desk Dec 07 2023 - 3 min readHero MotoCorp and Ather Energy have joined forces to establish an interoperable fast-charging network in the country. The partnership aims to provide electric vehicle (EV) users with the convenience of seamlessly utilizing both VIDA and Ather Grids nationwide. The expansive network is set to span 100 cities and include over 1,900 ...