Indian Economy: News and Discussion

[Chandragupt Maurya]

Leather made from mangoes

 

[HitmanBlood]

Just tell me that this duffers are false!!
I am actually scared of our economy in the future!!

India has civilization relationship with USA? How?

So these idiot brown sepoys are saying either India accepts western cultural hegemony or let western countries exploit Indian economy. Otherwise west will be upset.

Blue checkmark on twitter is a certification of mental retardation.

 

[another_armchair]

Malai Eco

Malai Eco

malai.eco

Some prototypes made of coconut leather created by someone known to me. Pretty good stuff... but expensive.

 

[IndianYonko]

Zomato IPO listing | Food delivery giant makes a stellar debut with nearly 66% premium, at Rs 125.85

The stock closed at Rs 125.85 on BSE, up 65.59 percent with respect to the issue price, while on NSE, the stock closed at Rs 125.30, up 64.87 percent against the stock's issue price of Rs 76.

www.moneycontrol.com

The market capitalization of the company has crossed Rs 1 lakh crore mark, as it stood at Rs 1,08,067.35 crore after a stellar debut on Dalal Street, racing ahead of IOC, BPCL, Shree Cements.

 

[sauntheninja]

India rises in digital and sustainable trade facilitation rankings, scores 100% on transparency

"The Survey notes that India is the best performing country when compared to South and South West Asia region (63.12%) and Asia Pacific region (65.85%)," it said. Survey has highlighted India's significant improvement in the scores on all five key indicators, the most evident of which is...

economictimes.indiatimes.com

 

[FalconSlayers]

Good to see such great improvements in approval time

 

[ezsasa]

Just tell me that this duffers are false!!
I am actually scared of our economy in the future!!

no point indulging with them in rebuttals, if you are keen engage with them might as well be on points using Indian constitution & law as a baseline. since they are using US as baseline, as a principle of reciprocity might as well use India as baseline to compare them with.

since the point is law and order and human rights, might as well tell them they have no right to question india as long as their policemen carry weapons for street patrol duties. their police carry weapons carry weapons either because they are scared of their citizens or they want to scare their citizens into submission. Most countries in the world don’t carry weapons on patrol, as a champion of human rights why should their policemen carry weapons on patrol.


another point when these chaps raise the points on equity, ask them to first to get a federal law passed on the lines of our reservation. All their government jobs should have representation as per their racial demographics mandated by a federal law. until this doesn’t happen muricans have no right to question us on equity.

No point trying to be logical with them, just focus on reciprocity. if they throw mud at us, we throw same mud back.

 

[FalconSlayers]

Trucking startup BlackBuck's valuation crosses US$ 1 billion
IBEF: July 23, 2021

BlackBuck, India’s leading online trucking platform, has received a US$ 67 million round of equity financing by Tribe Capital, IFC Emerging Asia Fund and VEF. Existing investors Wellington Management, Sands Capital, and International Finance Corporation also participated in the round. The investment has appraised BlackBuck as a unicorn start-up valued at more than US$ 1 billion. The company will use these funds to gain more market share and launch new service offerings for its customer base. The company will invest heavily in product and data sciences capabilities, with the aim of enabling more efficient freight matching for the Indian trucking ecosystem.
Mr. Rajesh Yabaji, co-founder and CEO of BlackBuck states, “BlackBuck started with a dream to re-imagine trucking, to make it 10X simple and 10X efficient. It has been six years and we are just getting started to make a difference. We continue to dedicate ourselves for the foreseeable future to solve fundamental Indian Trucking problems. The new financing round gives us more firepower to invest in fundamentally hard trucking problems and continue deepening our reach and impact.”
BlackBuck is the largest online trucking platform in the country and currently drives over 90% market share of all online trucking activity. BlackBuck has a globally unique, vertically integrated approach to build the trucking marketplace. It digitises fleet operations for the truckers and operates a marketplace to help match trucks with relevant loads. The platform has close to over 700,000 truckers and more than 1.2 million trucks on its platform, and it sees over 15 million in monthly transactions.
Mr. Arjun Sethi, co-founder and partner at Tribe Capital highlighted that India's supply chain and logistics industry is moving from paper and pencil to digital and BlackBuck’s ability to measure output and productivity growth has streamlined logistical challenges for the industry over a short time frame. “Its continued high-velocity growth promises to bring even greater transformation to the Indian trucking ecosystem,” he said.
Ms. Saadia Khairi, fund head, IFC Emerging Asia Fund, said that the firm has been impressed with how Blackbuck had continued to leverage technology. Khairi said BlackBuck’s deep understanding of the long-haul freight market offered solutions that addressed typical pain points for both the truckers and shippers.
“In the midst of the COVID-19 pandemic Blackbuck has scaled its online freight marketplace and fleet management services rapidly,” said Khairi. “Blackbuck’s contribution to increased transparency and efficiency in the large, fragmented and predominantly unorganized long-haul freight market in India offers the potential for significant developmental impact.”

 

[FalconSlayers]

Programme and Policy initiatives to provide relief to MSMEs due to Covid-19 pandemic
Press Information Bureau: July 23, 2021

The Government of India simplified the process of registration of MSMEs by replacing the Udyog Aadhaar Memorandum (UAM) with Udyam Registration (UR) on 1st July 2020. UR is free of cost, transparent, online, hassle free and is based on self-declaration. It does not require any documents and has an automatic integration with ITR and GSTIN. During the second wave of Covid -19 pandemic MSMEs continued to register on UR Portal.

MSMEs can avail the benefits of schemes such as Prime Minister’s Employment Generation Programme (PMEGP)/Rural Employment Generation Programme (REGP)/Micro Units Development & Refinance Agency (MUDRA) and the announcements made to provide relief to MSMEs from the problems faced due to COVID-19 pandemic. The number of Projects and Employment generation under PMEGP during 2020-21 in July 2021 are 91,054 and 7,28,432, respectively.

The Ministry of Micro, Small and Medium Enterprises (MSME) does not set-up any MSME in any state including Karnataka, Maharashtra and Tamil Nadu. The MSME sector consists of private players and the investments in this sector are made by the entrepreneurs themselves. Promotion and development of enterprises is a State subject. However, the Central Government supplements the efforts of the State/UT Governments through various schemes, programmes and policy initiatives for promotion, development and enhancing the competitiveness of MSMEs in the country.

A number of schemes are being implemented by Ministry of MSME for MSMEs, including Prime Minister’s Employment Generation Programme (PMEGP), Credit Linked Capital Subsidy for Technology Upgradation Scheme (CLCS-TUS), Schemes for Khadi & Village Industries and Coir, International Cooperation Scheme, Procurement and Marketing Support Scheme, Scheme for Credit Guarantee Fund for Micro and Small Enterprises, National SC/ST Hub etc. Benefits under these schemes are available to all eligible MSMEs, including those belonging to SC and ST communities. The Public Procurement Policy for Micro and Small Enterprises Order 2012 mandates 4% procurement from SC/ST owned MSEs and 3% from women owned MSEs.

This information was given by Minister for Micro. Small and Medium Enterprises Mr. Narayan Rane in a written reply in the Lok Sabha today.

 

[LaIllahaSigmar]

Just tell me that this duffers are false!!
I am actually scared of our economy in the future!!

Firstly so called "US values" themselves are under severe scrutiny by the world like never before.
Even it's democratic credentials were under scrutiny untill trump was in office.
Even now their electoral process is a mess.

Once the policy makers of rest of world get an understanding of critical race theory and it's off shoots, you'll see a massive backlash.

Thers absolutely noway US will spout crap like 2+2=5 and claim to be a rational actor on the international stage.

Already france has more or less made rejection of "American identity politics" a part of their identity.

More countries will follow.

 

[LaIllahaSigmar]

Just tell me that this duffers are false!!
I am actually scared of our economy in the future!!

Secondly, we are hardly any more autocratic than we were in pre modi days.


Thirdly, US has had pretty good relationships with both the crony capitalist dictatorship of south korea for a long time and so with the crony capitalist one party ruled republic of japan.

US currently needs India more than they needed korea or japan to face USSR as china is all set to become a much more potent adversary of US.

 

[LaIllahaSigmar]

Secondly, we are hardly any more autocratic than we were in pre modi days.


Thirdly, US has had pretty good relationships with both the crony capitalist dictatorship of south korea for a long time and so with the crony capitalist one party ruled republic of japan.

US currently needs India more than they needed korea or japan to face USSR as china is all set to become a much more potent adversary of US.

Having said that, we do ned to tone down the autocratic tendencies within our bureaucracy and wider political class.

The part of India loosing attractiveness because of autocratic aspects is true.

Current rhetoric of blaming bjp solely is just a part of regime change operations.

Our long-term goal should be to become a third pole in the world with our own democratic values as a counter to the west.

Whether we like or not, whether we think we deserve it or not.

A democracy of 1.5 billion people has to be a vishwaguru or else just become a playground for the West and Chinese stooges.

 

[HariPrasad-1]

As Ambani says, Data is the next oil.

There qas a joke on Ambani.
Mukesh sent invitation to Sundar pichai to attend his daughter's marriage.

Sundar pichai said: Time nahi hai.
Mukesh: Jio ka search engine lauch kara raha hu next month.
Sundar: Mota bhai kab aana hai? Meri bhatiji ki shadi main mai na au aisa ho sakta hai kya?

 

[Haldilal]

Ya'll Nibbiars

Glenmark Life Sciences to invest Rs 600 cr to double capacity in four years

Glenmark Life Sciences is the arm of drug major Glenmark Pharmaceuticals.

www.business-standard.com

 

[Haldilal]

Ya'll Nibbiars.

Bank of Maharashtra Q1 results: Net profit jumps over two-fold to Rs 208 cr

Total income during Q1FY22 jumped to Rs 3,794.53 crore as against Rs 3,264.81 crore in Q1FY21, Bank of Maharashtra said in a regulatory filing.

economictimes.indiatimes.com

 

[Haldilal]

Ya'll Nibbiars

BAJAJ HOLDINGS & INVESTMENT LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.110.64 crores during the period ended June 30, 2021 as compared to Rs.112.41 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.778.56 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.948.98 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.70 for the period ended June 30, 2021 as compared to Rs.85.3 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 110.64 crs	₹ 112.41 crs	-1.57%
Net Profit	₹ 778.56 crs	₹ 948.98 crs	-17.96%
EPS	₹ 70	₹ 85.3	-17.94%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.110.64 crores during the period ended June 30, 2021 as compared to Rs.105.36 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.778.56 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.679.13 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.70 for the period ended June 30, 2021 as compared to Rs.61 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 110.64 crs	₹ 105.36 crs	5.01%
Net Profit	₹ 778.56 crs	₹ 679.13 crs	14.64%
EPS	₹ 70	₹ 61	14.75%

Shares of BAJAJ HOLDINGS & INVESTMENT LTD. was last trading in BSE at Rs. 3826.7 as compared to the previous close of Rs. 3921.75. The total number of shares traded during the day was 3059 in over 919 trades.

The stock hit an intraday high of Rs. 3930 and intraday low of 3785.65. The net turnover during the day was Rs. 11705542.

 

[Haldilal]

Ya'll Nibbiars

The Public Sector Banks have written off a massive Rs 8 trillion worth of loans during the last 7 years of Narendra Modi government, which is more than double than the amount of capital infused by the government during the period. Between 2014-15 and 2020-21, the government infused Rs 3.37 trillion into public sector banks. FY19 saw the highest amount of capital infusion during the period at Rs 1.06 trillion. In 2020-21, the government infused Rs 14,500 crore into four public sector banks. On the other hand, between 2014-2021, government-owned banks wrote-off loans worth Rs 8.07 Trillion's Rupees.

 

[Suryavanshi]

Ya'll Nibbiars

The Public Sector Banks have written off a massive Rs 8 trillion worth of loans during the last 7 years of Narendra Modi government, which is more than double than the amount of capital infused by the government during the period. Between 2014-15 and 2020-21, the government infused Rs 3.37 trillion into public sector banks. FY19 saw the highest amount of capital infusion during the period at Rs 1.06 trillion. In 2020-21, the government infused Rs 14,500 crore into four public sector banks. On the other hand, between 2014-2021, government-owned banks wrote-off loans worth Rs 8.07 Trillion's Rupees.

Mudi kaka signing off scholarships for shantidoots, loans for Lodu corporations.
All at the behest of tax payers, truly trying to stand up to the image is suit boot ki sarkar

 

[SKC]

There qas a joke on Ambani.
Mukesh sent invitation to Sundar pichai to attend his daughter's marriage.

Sundar pichai said: Time nahi hai.
Mukesh: Jio ka search engine lauch kara raha hu next month.
Sundar: Mota bhai kab aana hai? Meri bhatiji ki shadi main mai na au aisa ho sakta hai kya?

Though Sundar Pichai is in pockets of Big Tech Leftist but his personal story is so sad If you have read about it!

 

[Haldilal]

Mudi kaka signing off scholarships for shantidoots, loans for Lodu corporations.
All at the behest of tax payers, truly trying to stand up to the image is suit boot ki sarkar

Ya'll Nibbiars here The GOI infuses capital and there the PSU's Bankers written off's the NPA with the 95 percent discount's.