Indian Economy: News and Discussion

[Haldilal]

Well looking up the SOA record for tauschenhk.com it looks like the domain name was registered or last modified in June 2017

View attachment 193506

And here is the websites timeline from the wayback machine: Looks like the their website first came into existence in 2020.

View attachment 193509

Ya'll Nibbiars so is a legit company?. If they are investing 20 billion dollars then it's good.

 

[Spindrift]

Ya'll Nibbiars so is a legit company?. If they are investing 20 billion dollars then it's good.

View attachment 193517

It looks shady. This is from their About Us page:
Apparently, they are a Hong Kong based company registered in 2014.
So a company which officially started operations in 2014 how did it make so much money where it is in position to invest $20 billion in India.

Tauschen International Limited – Hong Kong Is Mother Company Of Tauschen Groups of Companies, which was incorporated in the year 2014 at Hong Kong, World Business & Financial Hub. It is one of the leading diversified business conglomerate with our associate & Branch office in Hong Kong , India , China, Singapore, U.S.A & U.K. The brand name " Tauschen" Means "To Trade", is been very closely associated with doing business and dealing in Many Kind Of Technology Transfer, Joint Venture , Project And Manufacturing Unit, And Investment Company World Wide.

Source: http://www.tauschenhk.com/about.php

Spoiler: Screenshot of About Us page:

 

[indus]

Ya'll Nibbiars The So many unknown Firm's. Has anybody heard of Tauschen group?. They have proposed to invest more than 20 billion dollars and they have website without the HTTP. Apparently they have a office in Mumbai.

Tauschen Groups Of Companies

View attachment 193503

May be a shell company of some Indian corporate. Or some politician. Usually people convert Black in to white this way.

 

[FalconSlayers]

It looks shady. This is from their About Us page:
Apparently, they are a Hong Kong based company registered in 2014.
So a company which officially started operations in 2014 how did it make so much money where it is in position to invest $20 billion in India.



Source: http://www.tauschenhk.com/about.php

Spoiler: Screenshot of About Us page:

View attachment 193518

Bogus MoUs are being signed at the investor summit to fool the public that they're bringing investment and shit. It's the same as Austin University claiming to invest $47 billion when it is nothing more than a shell company.

 

[Haldilal]

Bogus MoUs are being signed at the investor summit to fool the public that they're bringing investment and shit. It's the same as Austin University claiming to invest $47 billion when it is nothing more than a shell company.

Ya'll Nibbiars I have doubt on all Greentech firm even in that Taiwanese firm which claimed to invest 20,000 crores in Maharashtra, this firms always smells scam. The Greentech has become the new scam of this era. They are underfunded still make tall claims.

May be a shell company of some Indian corporate. Or some politician. Usually people convert Black in to white this way.

Ya'll Nibbiars but 20 billion dollars is high amount, even the adani will go crazy to get over this type of Investment.

 

[Spindrift]

@Haldilal

Also Tauschen International Limited is registered in Hong Kong but the web site is hosted in the USA it's IP address: 74.208.236.96 is with ionos.com which is a US based ISP website hosting platform where plans start from as low as $1 per month and they are using HTTP and not HTTPS, because getting a SSL cert for HTTPS costs money and you have to renew it every year. So, they don't want to invest in a few dollars for a SSL cert, but want to invest $20 billion in India.
You can make your conclusion from there.

 

[Blademaster]

@Haldilal

Also Tauschen International Limited is registered in Hong Kong but the web site is hosted in the USA it's IP address: 74.208.236.96 is with ionos.com which is a US based ISP website hosting platform where plans start from as low as $1 per month and they are using HTTP and not HTTPS, because getting a SSL cert for HTTPS costs money and you have to renew it every year. So, they don't want to invest in a few dollars for a SSL cert, but want to invest $20 billion in India.
You can make your conclusion from there.

Bunch of con artists.

 

[jai jaganath]

It looks shady. This is from their About Us page:
Apparently, they are a Hong Kong based company registered in 2014.
So a company which officially started operations in 2014 how did it make so much money where it is in position to invest $20 billion in India.



Source: http://www.tauschenhk.com/about.php

Spoiler: Screenshot of About Us page:

View attachment 193518

Just wanted shell company
Can't even invest 1 rupee
Nothing just claims

 

[Haldilal]

Ya'll Nibbiars The So many unknown Firm's. Has anybody heard of Tauschen group?. They have proposed to invest more than 20 billion dollars and they have website without the HTTP. Apparently they have a office in Mumbai.

Tauschen Groups Of Companies

View attachment 193503

It looks shady. This is from their About Us page:
Apparently, they are a Hong Kong based company registered in 2014.
So a company which officially started operations in 2014 how did it make so much money where it is in position to invest $20 billion in India.



Source: http://www.tauschenhk.com/about.php

Spoiler: Screenshot of About Us page:

View attachment 193518

May be a shell company of some Indian corporate. Or some politician. Usually people convert Black in to white this way.

Bogus MoUs are being signed at the investor summit to fool the public that they're bringing investment and shit. It's the same as Austin University claiming to invest $47 billion when it is nothing more than a shell company.

Bunch of con artists.

Just wanted shell company
Can't even invest 1 rupee
Nothing just claims

Ya'll Nibbiars Golmaal Hai Bhai, sab Golaaml hai.

 

[another_armchair]

Bogus MoUs are being signed at the investor summit to fool the public that they're bringing investment and shit. It's the same as Austin University claiming to invest $47 billion when it is nothing more than a shell company.

Would be a blessing in disguise even if 2-5% of these commitments translate to actual investments over a period of 5 years.

Lets see how things progress post summit.

 

[AK047]

 

[nixin]

In latest results (Q3), profit of Public Sector Banks has jumped 65% year on year!
SBI: 69%
Bank of Baroda: 75%
Canara Bank: 92%
Indian Bank: 102%
Union Bank: 107%
Bank of Maharashtra: 139%

PSBs profit jumps 65% to Rs 29,175 cr in Q3; Bank of Maharashtra tops chart

Public sector banks (PSBs) have logged a robust profit growth of 65 per cent to Rs 29,175 crore during the third quarter ended December 2022, with Bank of Maharashtra (BoM) emerging as the top performer in terms of percentage growth in profit.

www.business-standard.com

 

[Blademaster]

In latest results (Q3), profit of Public Sector Banks has jumped 65% year on year!
SBI: 69%
Bank of Baroda: 75%
Canara Bank: 92%
Indian Bank: 102%
Union Bank: 107%
Bank of Maharashtra: 139%

PSBs profit jumps 65% to Rs 29,175 cr in Q3; Bank of Maharashtra tops chart

Public sector banks (PSBs) have logged a robust profit growth of 65 per cent to Rs 29,175 crore during the third quarter ended December 2022, with Bank of Maharashtra (BoM) emerging as the top performer in terms of percentage growth in profit.

www.business-standard.com

That's good but have they fully recovered their costs from writing off the NPAs? What is their current level of exposure to NPAs?

 

[Haldilal]

Ya'll Nibbiars As I said before the Mumbai is going through a Healthcare revolutions.

 

[Haldilal]

Ya'll Nibbiars

 

[TopWatcher]

Air India ordering 500 planes from Airbus & Boeing.

See how much money will go outside India. If any Indian company build aircraft than that money will remain in India.

Lacking in aerospace technology, costing us high.

 

[Blademaster]

Air India ordering 500 planes from Airbus & Boeing.

See how much money will go outside India. If any Indian company build aircraft than that money will remain in India.

Lacking in aerospace technology, costing us high.

That's because the GoI, CAA, MoD, and IAF have such a myopic view of the aerospace industry. The aerospace industry needs heavy and sustained investment, not peanut-type or sporadic investment.

 

[TopWatcher]

That's because the GoI, CAA, MoD, and IAF have such a myopic view of the aerospace industry. The aerospace industry needs heavy and sustained investment, not peanut-type or sporadic investment.

Who will take responsibility. Why not in GOI stand up against babus.

 

[Concard]

Air India ordering 500 planes from Airbus & Boeing.

See how much money will go outside India. If any Indian company build aircraft than that money will remain in India.

Lacking in aerospace technology, costing us high.

You can only build a vibrant aerospace industry when government is willing to hold your hand for minimum of 30-40 years. This along with creating advanced laboratories for material science, wind tunnels, courses in universities, tax breaks for small and medium enterprises who are building parts for aircrafts etc. Western countries did that from almost 1950-1990. Ofcourse WW1 and WW2 played a role as well since air power was seen as an important part in their offensive and defensive strategy. Jet Engine itself was invented by Germans for military purposes.

We can't overnight build an aircraft and vibrant aerospace ecosystem. How about let's focus on just building the landing gear? The best landing gear for very reasonable prices. Did we master the art of building landing gears? Okay. Now let's master avionics. And then some parts which goes into the Engine. Then vertical stabilizers. Then Ailerons, flaps, rudders and so on. And at the last we can focus on the missing piece of the puzzle that is the Engine which includes the most important part of all that is single crystal blade technology. We got to conquer this step by step and for that we need to have a vision and a time frame of 30-40 years while at the same time keeping abreast of new technologies which can be incorporated in to building an aircraft.

 

[Crazywithmath]

You can only build a vibrant aerospace industry when government is willing to hold your hand for minimum of 30-40 years. This along with creating advanced laboratories for material science, wind tunnels, courses in universities, tax breaks for small and medium enterprises who are building parts for aircrafts etc. Western countries did that from almost 1950-1990. Ofcourse WW1 and WW2 played a role as well since air power was seen as an important part in their offensive and defensive strategy. Jet Engine itself was invented by Germans for military purposes.

We can't overnight build an aircraft and vibrant aerospace ecosystem. How about let's focus on just building the landing gear? The best landing gear for very reasonable prices. Did we master the art of building landing gears? Okay. Now let's master avionics. And then some parts which goes into the Engine. Then vertical stabilizers. Then Ailerons, flaps, rudders and so on. And at the last we can focus on the missing piece of the puzzle that is the Engine which includes the most important part of all that is single crystal blade technology. We got to conquer this step by step and for that we need to have a vision and a time frame of 30-40 years while at the same time keeping abreast of new technologies which can be incorporated in to building an aircraft.

Given that India's r&d spending as a % of gdp has been flat at ~0.8-0.9% for the last two decades and there is still no clarity on the national research foundation announced 2 years back nor have they allocated anything significant for the national quantum computing mission (despite promising several biilions of US$ not too long ago) do not hold your hopes that high. Even the defence r&d as a % of net def budget does not exceed 4%. They promised a lot of khayali pulao in the NEP on supposed increase in r&d spending. Two years on where are they? We seem to depend a lot on west; muh west will give us hsr technology, muh west will 'assist' us in aero-engine tech, mah west will deliver us know how and know why of green hydrogen tech simply because India Is A mArKeT Of 1.3 BiLLiOn PeOplE. West will simply sell us licenses and we will happily produce it - this has been the norm for us and there is no reason to believe anything has changed yet.