Indian Economy: News and Discussion

[FalconSlayers]

 

[ezsasa]

GoI have made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees, says India Govt statement issued by commerce ministry

 

[Haldilal]

Ya'll Nibbiars The A Software Conpany touching a 1 Billion dollars in revenue, is a watershed moment. The ZOHO has made It's.

And Even after 75 Percent falls, The Paytm which has never made any profits is still valued at 42,000 crore rupees. The Federal bank which made 1,000cr profits last 12 months is valued at 28,000 crore rupees. The bank stocks are still undervalueds and specially the PSUs ones.

 

[Haldilal]

Ya'll Nibbiars The India is in talks with Sri Lanka, Maldives and multiple South East Asian, African and Latin American countries to initiate trading in the Indian Rupee.

The countries in these geographies have shown interest in opening Special Rupee Vostro or SRV account.

 

[Concard]

Ya'll Nibbiars The A Software Conpany touching a 1 Billion dollars in revenue, is a watershed moment. The ZOHO has made It's.

And Even after 75 Percent falls, The Paytm which has never made any profits is still valued at 42,000 crore rupees. The Federal bank which made 1,000cr profits last 12 months is valued at 28,000 crore rupees. The bank stocks are still undervalueds and specially the PSUs ones.

$1 billion in revenue not net profit. What is their net profit? And Zoho is not a public company yet. I don't think they have any plans to list on the stock exchange.

 

[here2where]

$1 billion in revenue not net profit. What is their net profit? And Zoho is not a public company yet. I don't think they have any plans to list on the stock exchange.

Zoho is looking to open office in UP.
Mudi effect?

 

[Arjun Mk1A]

Zoho is looking to open office in UP.
Mudi effect?

Nope. Zoho founder wants to open office in Tier-2 cities since he believes that opening there will allow lot of people a chance to work instead of moving to Tier 1 cities.

So far Zoho offices in TN.
1. Chennai - HQ - Tier -1
2. Tenkasi - Tier - 3 (founder hometown)
3. Madurai - Tier 2 (Under Construction)
4. Trichy - Tier 2 (Under construction)
5. Theni - Tier 3

Andhra Pradesh
1. Renigunta

So, I believe in UP he will open up in some Tier 2 cities which is a good job instead of big IT companies who are simply expanding in Tier 1 and forcing more people to come there.

 

[thebakofbakchod]

https://www.thehindu.com/news/natio...ri-city-of-andhra-pradesh/article66111004.ece

The EPACK Durable of EPACK Group, a leading Original Design Manufacturer (ODM) of room air-conditioners, will set up an integrated manufacturing facility in the Sri City of Andhra Pradesh by investing about ₹500 crore in five years. The facility envisages creating more than 3,000 jobs in a phased manner in five years.The Noida-headquartered company is planning to invest ₹200 crore in the first phase and set up a manufacturing plant for air-conditioners and small home appliances with a production capacity of 6 lakh units by mid-2023.

Sri City is becoming the AC manufacturing hub of the country. Hopefully more component manufacturers build plants there for backward integration

 

[Haldilal]

Ya'll Nibbiars

 

[Butter Chicken]

Tata group to bag 30,000 crore order for BSNL-MTNL 4G networks infrastructure tender.

 

[Abbey]

ESR India to invest ₹2,500 cr in logistics, new-age realty in Karnataka

The Hong Kong-based real estate company will build industrial and logistics parks, urban distribution centres, and data centres in the state.

www.fortuneindia.com

Plans afoot to raise Russian energy sector investments

The critical issue of India's interest to secure energy assets in Russia was the key item on the agenda when foreign minister S Jaishankar met his Russian counterpart Sergey Lavrov in Moscow on Tuesday.

economictimes.indiatimes.com

 

[Haldilal]

Ya'll Nibbiars

Ya'll Nibbiars

 

[Suryavanshi]

Ya'll Nibbiars

Haldi this kind of redevelopment plan is only possible in costs cities like Mumbai right?
Since empty land parcel in different loaction will cost a bomb so compensation cost is justified.

 

[Suryavanshi]

ESR India to invest ₹2,500 cr in logistics, new-age realty in Karnataka

The Hong Kong-based real estate company will build industrial and logistics parks, urban distribution centres, and data centres in the state.

www.fortuneindia.com

Plans afoot to raise Russian energy sector investments

The critical issue of India's interest to secure energy assets in Russia was the key item on the agenda when foreign minister S Jaishankar met his Russian counterpart Sergey Lavrov in Moscow on Tuesday.

economictimes.indiatimes.com

Good to see that India hasn't caved under American Pressure. We must keep the status quo as it is, as prosperous Russia that is always in the way of West is beneficial for our own hegemony.

 

[Haldilal]

Haldi this kind of redevelopment plan is only possible in costs cities like Mumbai right?
Since empty land parcel in different loaction will cost a bomb so compensation cost is justified.

Ya'll Nibbiars yeah the revedelopment cost just 50 to 70 percent of land. So there is large scale revedelopment Projects happening all over Mumbai. The Delhi, Kolkata and Chennai is also now seeing revedelopment projects nows, but albeit with the government supports. In Mumbai is mostly privately ones.

 

[assassin162]

Hmm

 

[Haldilal]

Ya'll Nibbiars

IT jobs India: IT companies delay onboarding, leaving candidates in the lurch - The Economic Times

Hundreds of fresh graduates from engineering colleges have been impacted by the delay in onboarding by IT companies, leaving them in the lurch, in a market where jobs are not in abundance, as per a report by TOI. Many candidates are now thinking of a Plan B so that they do not lose time.

m.economictimes.com

it jobs india: IT’s share in white collar jobs market falls below 50% - The Economic Times

The IT sector — collective of technology services, products and Internet-enabled companies — listed 106,000 active job vacancies in October, a 12% drop compared with 121,000 in September, according to data from LinkedIn and job boards of several top companies, put together for ET by specialist...

m.economictimes.com

Hiring slowed down in the IT sector this festive season: Report - Business Insider India

Other than IT, telecom and healthcare sectors also witnessed a notable decline in hiring in October this year as compared to last year.The insurance sector

www.businessinsider.in

Tough times ahead for Indian IT sector

Globally, concerns relating to macroeconomic stability are showing no signs of receding. Rather, commentary from Europe indicates what is in store.

www.thehansindia.com

 

[Haldilal]

Ya'll Nibbiars The Industrial manufacturer Siemens Ltd has set up a production facility for bogies in Aurangabad, located in the western Indian state of Maharashtra. The factory will address the increasing demand for bogies not only in India but also globally, Siemens said in a press release. It will deliver over 200 bogies towards the first export orders.

 

[Haldilal]

Ya'll Nibbiars I knew some one who has invested in this firm and now made tons of money and double digit returns.

Genesys International launches India's 3D mapping program

The creation of this very accurate 3D data will mean a host of applications would open up in high-definition mapping, which was hitherto not possible, for smart cars, e-commerce, logistics, gaming, utilities planning for next generation networks in telecom, renewable energy and in disaster...

wap.business-standard.com

Genesys International raises Rs 250 crore in equity investment

Sajid Malik Chairman and MD, Genesys International said, “This investment will be a key catalyst post the new Indian geospatial policy which has given a major fillip to our capabilities.”

m.economictimes.com

Malabar India Fund leads $32 mn investment in Niti Aayog-founded Genesys International

Genesys International Corporation, a 3D mapping content and geospatial solutions company, has announced a Rs 250 crore ($32 million) round of equity investment, to help ......

www.vccircle.com

Genesys Intl rises on bagging Rs 46-cr contract from Andhra Govt

Genesys International Corporation advanced 3.25% to Rs 578.95 after the company said that it has bagged an Rs 46 crore for land titling project by the Andhra Pradesh Government.

wap.business-standard.com

 

[RoaringTigerHiddenDragon]

IMO this is the result of Trying to create a city in the middle of nowhere with not even the slightest hint of previous human activity.
For a city to establish itself you must start with MSME and than eventually move onto the service sector.
Here we are inviting companies to establish offices where there is no previous human activity.
No hospital, No school, no market, no cheap affordable housing not even for rent.

Even after expressway from Ahmedabad?