Piyush Goyal, the Commerce and Industry Minister directs the industry to explore ways to increase the contribution of the manufacturing sector to 25% of GDP and set up 10 R&D labs or innovation centres to become a global leader in technology. He encouraged the industry to make all-out efforts to raise the share of exports to about 25% of the GDP (gross domestic product).

In a recent ING report, it is noted that sanctions on Russia will have a huge impact on the global economy. Taking an example of Europe, ING Global Head says it gets nearly 40% of its natural gas and 25% of its oil from Russia, which is expected to be pummeled with the surge in heating and gas bills, which are already soaring.

Among the 20 companies that got permission to roll out electric vehicle manufacturing under the production-linked incentives scheme, Pinnacle Industries has confirmed to invest Rs 2,000 crore to set up EV manufacturing units in Pune and Indore. It's two 'already set up' electric vehicle units under the Eka label and has two bus models awaiting regulatory nods.

2,24,50,200 shares of mining giant Vedanta were sold by Societe Generale at Rs 391.74 per share on Thursday. The NSE has published the bulk deal data where it was reported the transaction is valued at nearly Rs 880 crore. Although the buyer was not clearly defined. The company has also announced a dividend of Rs 13 per share on Wednesday.

CleanSpark Inc shares gained in the premarket trading on Thursday following its announcement regarding the monthly production of 276 bitcoins in February. The company further declared it sold 253 bitcoins at an average price of $39,740, for proceeds of about $10.1 million that month to help fund the bitcoin miner's operations.

PTC India Financial Services (PFS) could not get permission from the Securities and Exchange Board of India (SEBI) to hold a board meeting without independent directors. SEBI has expressed dissatisfaction with the company’s report on actions taken on corporate governance and response to queries on allegations made by former independent directors.

Mercedes-Benz Group AG and Volkswagen AG have confirmed to stop the exports of vehicles to Russia and until further notice, ceasing Russia-based production. Both the German carmakers joined the list of companies that are withdrawing business from the country after it invaded Ukraine. Volkswagen said the workers in Russia will receive short-time working benefits.

The crowdsourced fact-checking program of Twitter is growing over the notes on potentially misleading tweets visible to more people on Twitter, the company said in a blog post on Thursday. Last year the company launched the project called Birdwatch as a novel experiment that asked Twitter users to identify misleading tweets and write notes to provide information debunking the content.

Gold prices have gained Rs 271 to Rs 51,670 per 10 grams on the back of strong international precious metal prices and rupee depreciation, according to HDFC Securities. The HDFC securities have apprised that in the previous trade, the precious metal finished at Rs 51,399 per 10 grams. Silver also jumped Rs 818 to Rs 68,425 per kg from Rs 67,607 per kg in the previous trade.

Life Insurance Corporation of India (LIC) has designated insurance veteran Sunil Agrawal as the new chief financial officer (CFO) of its mega IPO launch on March 3. His appointment is based on a contractual basis starting March 2022. It is noted that his appointment was advertised by the LIC six months ago in September 2021.

By understanding the need for both parents to be present with their newborns or newly-adopted children under 3 years of age, ABB India announced a gender-neutral and inclusive parental leave program. In this, a staff who is the secondary caregiver will be entitled to take 4 weeks of parental leave. The primary caregiver is allowed for 26 weeks of leave as per the country’s maternity law.

A tax invasion to the tune of Rs 400 crore reported by the Income Tax (I-T) department, citing Chinese firm Huawei has suppressed the income by stating lower margins and making Rs 350 crore royalty payments to related parties for unsubstantiated services. The I-T department has conducted search and seizure operations on the Huawei group, engaged in the distribution of telecom products.

The domestic rating agency 'ICRA' has said that the domestic aviation industry is expected to report a net loss of Rs 25,000-26,000 crore this fiscal. The decline is attributed to the higher prices of jet fuel and fare caps continuing to pose a major challenge for the airlines’ profitability. ICRA also estimated that industry will require additional funding in the range of Rs 20,000-22,000 cr.

The shares of Snowflake Inc. plunged 23% in Wednesday’s after-hours trading session following the announcement of weaker-than-expected sales guidance for fiscal 2023. The company now eyes sales between $1.88 billion and $1.9 billion for the fiscal year. The forecasted results would equate to year-over-year growth between 65% and 67%.

UPL has announced a share buyback to the tune of Rs 1,100 crore, at a price of Rs 845, joining the list of bandwagons where companies are rewarding their shareholders, where companies announcing big dividends while others are preferring to buy shares at a massive premium. More specifically, the company will be buying 1,25,71,428 shares or 1.65 per cent of total outstanding shares.