Indian Economy: News and Discussion

[RoaringTigerHiddenDragon]

Does this have anything to do with whether the su30 has an drop tank?
talk carefully
Another test for you, why is the landing gear of the su30 so far back? This is very simple

I warned you to not post low IQ garbage here. Yet you do it.

here’s a test:

what does this article tell you about Indian aerospace talent and ecosystem?

Airbus to hire high-end engineering, IT talent from India at Wings India 2022

Airbus says the recruitment plan for India is in line with the company’s growth forecast of around 6,000 new hires worldwide. It is actively recruiting to fill positions in avionics software, aircraft system simulation and airframe structures.

www.moneycontrol.com

Why Boeing is investing $200 million in India R&D centre - Times of India

India Business News: Todd Citron, chief technology officer and VP & GM of Boeing Research & Technology (BR&T), says the aircraft maker’s India R&D team has been central to

timesofindia.indiatimes.com

If you still continue down this crazy path, you maybe banned.

 

[GigaChadBharatiya]

The only solution to this is to use extensive force to crush all these protesters. Enough of their stupidity

Who will do this? Luterally no govt has enough bal*s to do this simple thing. And eventually, they may keep drawing all these posters, but even the Vadhvan port will never get built.

 

[Haldilal]

Ya'll Nibbiars The Number Of Hotel Rooms by cities.

1 . NCR 15,000.

2 . Bengaluru 14,000.

3 . Mumbai 13,000.

Under Constructions.

1 . Mumbai 7,000.

2 . Bengaluru 5,000.

3 . NCR 4,000.

 

[Haldilal]

Ya'll Nibbiars The Number Of Hotel Rooms by cities.

1 . NCR 15,000.

2 . Bengaluru 14,000.

3 . Mumbai 13,000.

Under Constructions.

1 . Mumbai 7,000.

2 . Bengaluru 5,000.

3 . NCR 4,000.

Ya'll Nibbiars The A spurt in luxury projects is expected to lead to a 50 percent growth in branded hotel room inventory over the next 5 years in Mumbai. The Mumbai and Navi Mumbai will see an addition of 8,871 rooms, taking the total to over 21,000 by FY26, a report by research and data gathering company Hotelivate has said.

And These additions will make these two markets home to the biggest number of branded hotel rooms in India, surpassing Delhi, which tops the room inventory tally. The room additions planned for Mumbai and Navi Mumbai for the next five years is nearly three times the supply made during the last 10 years.

With an ADR average daily rate of Rs 8,199 and an occupancy of 87 percent, Mumbai continued to be the top performing market in the country in FY20. Mumbai’s hotel market relies heavily on corporate travel and extendednstay clientele. Moreover, across all segments, foreigners make up a significant portion of Mumbai’s hotel demand, the Hotelivate report said.

The US based Wyndham Hotels and Resorts is building a 300 room property near Terminal 2 of the Mumbai International Airport. This will be operational within a year. Lemon Tree Hotels will open a massive, 669-room property, also near the international airport, under the brand Aurika. It is expected to open in 2023. Indian Hotels Company, the country’s second largest hospitality group by number of rooms, bets on securing clearances for the Sea Rock project in Bandra.

 

[Abbey]

CPI Inflation October 2022: India’s retail inflation eases to 3-month low of 6.77% in October, shows govt data

Consumer Price Index (CPI) October 2022: The retail inflation which is measured by the Consumer Price Index (CPI) was 6.77 per cent in October, government data revealed.

indianexpress.com

India Consumer Price Index (CPI) October 2022: India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to a three-month low of 6.77 per cent in the month of October, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed Monday.

The retail inflation for the month of September was 7.41 per cent, the data showed.
Despite easing to a three-month low, the CPI continued to remain above the Reserve Bank of India’s (RBI) upper margin of 6 per cent for the 10th consecutive month. The government has mandated the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026.

The CPI data is primarily factored in by the RBI while preparing their bi-monthly monetary policy. On its failure to contain the retail inflation below the 6 per cent mandate, the Monetary Policy Committee (MPC) of the central bank earlier this month held a special off-cycle meeting to draft the content of the report to be sent to the government for missing the inflation target.

At its September 28-30 meeting, the MPC had hiked the repo rate by 50 basis points (bps) to 5.90 per cent. So far in this financial year, the MPC has raised the key interest rate by 190 bps in a bid to tame the raging inflation. However, despite their move, retail inflation continues to remain above the upper tolerance level.

The Consumer Food Price Index (CFPI) or the inflation in the food basket too showed a month-on-month fall during october to 7.01 per cent, from 8.60 per cent in September, the data revealed.

Egg prices dipped (-)0.18 per cent on-year in October while oils and fats declined 2.15 per cent. There was no change in sugar and confectionery segment.

On the other hand, vegetables rose 7.77 per cent on year last month, cereals and products climbed 12.08 per cent and spices saw a rise of 18.02 per cent. Milk and products rose 7.69 per cent and meat and fish prices inched 3.08 per cent while that of fruits rose 5.20 per cent.

Apart from food and beverages, the fuel and light segment rose 9.93 per cent, clothing and footwear gained 10.16 per cent and the housing segment inched up 4.58 per cent

In a separate economic data released earlier in the day by the Ministry of Commerce & Industry, the wholesale price-based inflation or the WPI dropped to a 19-month low of 8.39 per cent in October. The WPI has dropped below the double-digit mark for the first time since March 2021.

 

[Abbey]

PLI scheme for shipping containers in the works amid global shortage

A high-level committee has been formed to promote local container manufacturing

www.livemint.com

The government is working on a production-linked incentive (PLI) scheme for manufacturing shipping-grade containers, said an official in the know, seeking anonymity.
In view of the growing concern among Indian exporters and importers over a global shortage of containers amid the Russia-Ukraine war, the government has decided to play a decisive role in addressing the problem, he added.

Besides, the Centre has also been trying to lower its import dependence on China for containers. “A PLI scheme is under consideration. According to the requirement, the incentive amount will be considered to woo private players, and make India self-sufficient in manufacturing containers," he said.

A high-level committee has been formed to promote local container manufacturing and bring it under PLI and cluster-based manufacturing system. The scheme may be announced in the budget for FY24 as part of the government’s initiative to introduce PLI projects for several sectors, he said.
Queries emailed to the ministry of ports, shipping and waterways, and the department for promotion of industry and internal trade (DPIIT) did not elicit an answer till press time.

The need for a steady supply of containers is also key to the Centre’s efforts to boost domestic cargo transportation through inland waterways.

The sanctions imposed on Russia by the European Union and US following its invasion of Ukraine have led to an acute shortage of containers, which in turn increased freight rates and impacted global trade. In the past two years, covid, too, has disrupted manufacturing and supply of containers globally.

 

[Abbey]

Ban removed

VLC Media Player website ban removed in India

The website of VLC Media Player, which was banned by the Indian government is now accessible

www.livemint.com

x———————x—————————x————————-x———————x—

IRCTC Q2 results: Net profit up 42.5% to ₹226 cr; revenue soars nearly 100%

IRCTC Q2 results: The company's revenue from operations soared 99% on-year to ₹805.8 crore in the quarter under review as against ₹404.9 crore in Q2FY22.

www.livemint.com

 

[Haldilal]

Ya'll Nibbiars

LIC shares climb nearly 6% as Q2 net income zooms multifold

The stock rallied 8.70 per cent to Rs 682.70 during the day on the BSE.

www.moneycontrol.com

 

[sauntheninja]

Ya'll Nibbiars The A spurt in luxury projects is expected to lead to a 50 percent growth in branded hotel room inventory over the next 5 years in Mumbai. The Mumbai and Navi Mumbai will see an addition of 8,871 rooms, taking the total to over 21,000 by FY26, a report by research and data gathering company Hotelivate has said.

And These additions will make these two markets home to the biggest number of branded hotel rooms in India, surpassing Delhi, which tops the room inventory tally. The room additions planned for Mumbai and Navi Mumbai for the next five years is nearly three times the supply made during the last 10 years.

With an ADR average daily rate of Rs 8,199 and an occupancy of 87 percent, Mumbai continued to be the top performing market in the country in FY20. Mumbai’s hotel market relies heavily on corporate travel and extendednstay clientele. Moreover, across all segments, foreigners make up a significant portion of Mumbai’s hotel demand, the Hotelivate report said.

The US based Wyndham Hotels and Resorts is building a 300 room property near Terminal 2 of the Mumbai International Airport. This will be operational within a year. Lemon Tree Hotels will open a massive, 669-room property, also near the international airport, under the brand Aurika. It is expected to open in 2023. Indian Hotels Company, the country’s second largest hospitality group by number of rooms, bets on securing clearances for the Sea Rock project in Bandra.

@Haldilal what are Bangalore's Numbers seeing how many multinational companies are set up there must be a lot foreigners coming there

 

[Vikram314]

Massive layoff announced by Amazon.

 

[RoaringTigerHiddenDragon]

It looks like NCR, MMR, Bengaluru and Hyderabad are the top global cities of India. Chennai, Pune, Ahmedabad, Kolkata are the next tier I guess, as these cities don’t have much global investments but still are large metros.

 

[Abdus Salem killed]

Father of Pentium chip Dham says India will start chip-making in a year

In an interview, Vinod Dham says he sees great progress on the country’s chip plans.

www-livemint-com.cdn.ampproject.org

 

[Haldilal]

@Haldilal what are Bangalore's Numbers seeing how many multinational companies are set up there must be a lot foreigners coming there

The bengaluru is slowing down 5,000 are expected to be added verses 8,771 of MMR, even NCR is slowing down in terms of number added to just mere 4,000 rooms. Our rooms to population ratio is very low. The 1,000 rooms to 10 lakhs peoples, versus 10,000 rooms to 10 lakhs peoples in developed countries. And Japan has even higher 17,000 to 10 lakhs peoples.

And currently only the MMR is doing the heavy lifting and even more numbers are expected to added due to many more launches announced recently.

 

[Jambudweepa]

A good report on indian Saas ecosystem .

Profiling Indian SaaS Landscape – A US$1 Trillion Business Opportunity

India can become a global SaaS leader - benefitting from a large talent pool, enabling policies, access to capital, high market demand, etc.

www.india-briefing.com

investment in Indian SaaS companies increased by 170 percent in 2021, reaching roughly US$4.5 billion. In 2021, India had 35 SaaS companies with US$20 million+ annual recurring revenue (ARR). This equates to a seven-fold increase over the last five years.

India is right now 3rd in terms of saas ecosystem after USA and china . We ll overtake China by 2026 .

Some recent news regarding this

Avataar’s new fund to back B2B, SaaS startups

The new fund’s size may bump up to $400 million, and the investment cheque size will range between $15 million and $50 million

www.livemint.com

Amagi raises $100 million, valued at $1.4 billion

Funding to support infrastructure for customers, invest in AI-driven personalisation, ad and live-streaming solutions

www.google.com

Keka Secures India’s Largest Series A SaaS Funding With Historic $57 million - The Economic Times

Vijay Yalamanchili, CEO, Keka Keka, an HR tech leader based out of Hyderabad, has secured India’s largest Series A SaaS funding with a whopping $57 million from WestBridge Capital. Launche - Mediawire

m.economictimes.com

 

[Haldilal]

Ya'll Nibbiars

 

[Haldilal]

Ya'll Nibbiars

The Mind Space, Juinagar, Navi Mumbai, 55 Acres, 1.1 crore Sq. Ft. total leasable area, 10 lakhs Sq. Ft. developed, 50 lakhs Sq. Ft. Under Constructions, going to be one of the largest Commercial development in India.

 

[Haldilal]

Ya'll Nibbiar The India must know the full price of the Nehruvian years India's per capita GDP as a percentage of world per capita GDPs.

1 . 1950 : 18 percent.

2 . 1991 : 6 percent.

3 . 2014 : 14 percent.

4 . 2021 : 18 percent.

The Nehru didn't build India Nehruvian policies made India 3 times poorer between 1950 and 1991.

The Abhisheks.

 

[Haldilal]

Ya'll Nibbiars The Tata Sons has initiated consolidation of its airline entities Vistata, Air India and Air Asia, Following a series of discussions with Singapore Airlines, and will make the Air India second largest airline in the country in terms of fleet and the Market share.

 

[Haldilal]

Ya'll Nibbiars The Dassaults applied for EC for proposed extension of existing facility in Hinjawadi, Pune. The Total construction area 6,30,000 Sq. Ft.

 

[Haldilal]

Ya'll Nibbiars The Microsoft Data Centre, PCMC, Pune. The Total Investment 7,000 crore rupees.