About 12 textile companies are set to receive the first set of incentive payment under the production-linked incentive (PLI) scheme.

“Around 40 companies have grounded investment. We had a gestation period till March 2024.We hopethis financial year 10-12 companies will be getting incentive payout (under PLI),” a senior government official said on Friday.

The Punjab Bharatiya Janata Party (BJP) on Friday confirmed that Sunil Jakhar continues to lead the party in the state, calling rumours of his resignation "totally baseless". Punjab BJP general secretary Anil Sarin confirmed that Jakhar, 70, was leading the party.

The BJP’s reaction followed hours after media reports claimed that Jakhar had reportedly resigned. The news had particularly raised eyebrows in view of the upcoming panchayat elections in the state scheduled for October 15.

Shares of Vedanta have continued their upward trajectory to hit a new high of Rs 515.85, after gaining 3 per cent on Friday’s intra-day trade, on the BSE.

The stock of the Anil Agarwal-promoted company has rallied 8 per cent in two days, after it announced the schedule of a board meeting to consider the fourth interim dividend for FY25.

Former West Indies pacer DJ Bravo has joined Indian Premier League defending champions Kolkata Knight Riders as a mentor. Known for his illustrious career, especially in T20 cricket, Bravo will be guiding the KKR bowling line-up from the next season.

KKR officially announced Bravo's appointment one day after he announced his retirement from all forms of cricket on Thursday (September 26).

Ahead of YSRCP chief YS Jagan Mohan Reddy's planned visit to Lord Venkateswara Swamy temple at Tirumala Hills, the district police on Friday issued notice to several leaders and cadre of the party not to defy Section 30 of the Police Act which is in force.

According to a senior police official, the police may also issue a notice to the former chief minister after he lands at Renigunta Airport near here later in the day, before proceeding to Tirumala, not to defy prohibitory orders.

Former US President Donald Trump, eyeing a comeback in the upcoming US elections, launched a diamond-studded Official Trump Watch Collection on Thursday, making it the latest of his business ventures.

The most expensive watch, encrusted with 122 diamonds on its bezel, is priced at $100,000. It is available in three 18-karat gold styles and another ‘Fight Fight Fight’ model is listed at $499.

Softbank-backed food delivery firm Swiggy said on Thursday it aims to raise Rs 3,750 core ($448.56 million) in its initial public offering, which looks set to be among India's biggest listings this year.

Existing shareholders including Accel India and Tencent Europe will sell about 185.3 million shares, the Bengaluru-based startup said in its draft prospectus.

The Supreme Court on Thursday reserved its verdict on a plea of a US firm against the NCLAT order stopping insolvency proceedings against ed-tech firm Byju's.

A bench headed by Chief Justice D Y Chandrachud asked the insolvency resolution professional (IRP) to maintain status quo till the apex court delivers its judgement in the matter.

Low-cost carrier SpiceJet credited pending salaries of its employees for the months between June and August this year late on Wednesday, a company source said.

The clearing of salary dues comes days after the airline raised Rs 3,000 crore through a Qualified Institutional Placement (QIP).

A Mumbai court on Thursday sentenced Shiv Sena (UBT) MP Sanjay Raut to 15 days simple imprisonment in a defamation complaint filed against him by BJP leader Kirit Somaiya's wife Medha Somaiya.

The metropolitan magistrate (Sewree court) convicted the Rajya Sabha member under Indian Penal Code Section 500 (punishment for defamation) and also imposed a fine of Rs 25,000 on him.

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