Here is a summary of the content in 400 words:
* The Indian government is planning to launch a scheme to attract global electric car manufacturers to set up operations in India, with applications expected to open in April 2025.
* Meanwhile, auto stocks are under pressure as the Society of Indian Automobile Manufacturers (SIAM) forecasts a 1-2% growth in passenger vehicle sales for FY26, citing weak demand and affordability concerns.
* Hindustan Unilever’s CEO Rohit Jawa believes that it will take a few more months for urban consumption to recover, but notes that tax cuts and interest rate reductions will help boost recovery.
* Walmart-backed PhonePe is gearing up for a potential IPO in India, having shifted its base from Singapore to India in December 2022.
* In other news, the Delhi government has welcomed its new Chief Minister, Rekha Gupta, who is India’s fourth woman to hold the position.
* Globally, tensions are rising as US President Donald Trump has made comments about Ukrainian President Volodymyr Zelenskyy, calling him “a dictator” and suggesting that only he can negotiate an end to the war.
* On the tech front, Microsoft has made a breakthrough in quantum computing, unveiling a new chip called Majorana 1, which could revolutionize industries such as medicine and environmental conservation.
* In the banking sector, PSUs (public sector undertakings) outperformed private banks in Q3FY25, with net interest income growth remaining flat.
Overall, the day’s news highlights include updates on the Indian economy, politics, and technology, as well as global events and trends.