Adani-Elbit Advanced Systems India, a JV of Adani Group and an Israeli company is among the 14 beneficiaries under the government’s production-linked incentive (PLI) scheme for manufacturing drone and drone components.

These 14 include five drone manufacturers and nine drone component manufacturers.

The Union aviation ministry had invited applications from eligible manufacturers this March, following which the first provisional list of 14 beneficiaries was released on Wednesday.

Finance minister Nirmala Sitharaman has flagged risks of cryptocurrencies being misused by unscrupulous elements for money laundering and terror financing, and has called for harnessing technology to effectively regulate them.

Sitharaman’s visit to the US began from Monday to attend the spring meetings of the IMF and the World Bank.© Provided by The Financial Express Sitharaman’s visit to the US began from Monday to attend the spring meetings of the IMF and the World Bank.

Delivering an address at a seminar during the ongoing spring meet of the International Monetary Fund (IMF) in Washington DC, Sitharaman said: “I think regulation using technology is the only answer. Regulation using technology will have to be so adept that it doesn’t remain behind the curve, but be sure that it is on the top of it. And that’s not possible.” She also indicated her support for hammering out a global strategy around regulating cryptocurrencies.

The Holcim Group, the world’s largest cement maker, may exit India as part of a global strategy to focus on core markets and shift towards a greener future, reports suggest. The group entered the market 17 years ago and the exit will put its listed arms, Ambuja Cement and ACC Ltd, up for sale.

Holderind Investments Ltd (Holcim), a Switzerland-based building materials conglomerate, is exploring a stake sale in Ambuja Cements Ltd. Holcim holds 63.19 percent stake in Ambuja and 4.48 percent stake in ACC Ltd. Ambuja also has 50.05 percent stake in ACC. If such a deal goes through, there would be repercussions not only for these two but other companies as well.

Finance Minister Nirmala Sitharaman will be leaving for the US later on Sunday to attend the spring meetings of the World Bank and the IMF as well as G20 finance ministers and central bank governors (FMCBG).

During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South Korea, Sri Lanka and South Africa.

She will also hold one-on-one meetings with CEOs from the semiconductor, energy and other sectors of priority for the Government of India, the finance ministry said in a statement.

EVs have been making waves in India for the past few years and the future only looks better for electrically powered cars in India as several global and local manufacturers are set to launch their EVs. The Strom-R3 is an Indian EV that has been making the news because of its affordability and unique approach to the concept. The three-wheeled EV is priced at only Rs 4.5 lakh (ex-showroom) and seats two.

Measuring 2,915mm in length, 1,510mm in width and 1,545mm in height, the car carries a design that only highlights the small size of the car. The front carries a fascia that resembles the Mahindra e2o from certain angles, but has a more modern approach to it with a tall and wide grille element stretching from both the ends and wrapping around the bonnet. There are hexagonal shaped doors on either side, post which the unique design becomes apparent as the bodywork is upswept from the bottom and a black waistline merges into a tail. A singular wheel sits at the rear, the small car even features a small sunroof.