Indian Economy: News and Discussion

sorcerer

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Indian firm purchases American hydrogen cylinder maker Catalina Composites

New Delhi-headquartered Uttam Group of Companies has purchased California-based Catalina Composites as it sees a surge in demand for clean energy solutions, including hydrogen. The company will invest at least $20 million in staff, equipment, and research and development of high-pressure cylinder production for hydrogen and compressed natural gas.

 

ezsasa

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Make In India: After Investing Rs 4,825 Crore, Samsung Begins Production Of Mobile Display Panels At Its Noida Factory
In a big boost for Make in India, South Korean technology major Samsung has begun the production of mobile display panels at its factory in Uttar Pradesh (UP)'s Noida, reports Economic Times.

While the move will result in significant value addition and give a boost to the local manufacturing, the company is now set to further ramp up the production to also manufacture IT display panels in India.

It should be noted that for the project, Uttar Pradesh government approved special incentives as a result of which the company has invested Rs 4,825 crore to relocate its mobile and IT display manufacturing unit from China to Noida.

does anyone know which TV display unit is better in terms of life cycle, Samsung or LG?

I remember it as LG, but not sure.
 

sorcerer

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Omega Seiki signs MoU with C4V USA to introduce Solid State Batteries in India

New Delhi: Omega Seiki Pvt. Ltd., part of Anglian Omega Group of companies, today announced that it will be bringing advanced chemistry cells to India in association with New York based company C4V. C4V plans to become the first lithium-ion cell maker with solid state technology in India as a part of PM Modi’s ambitious Rs 18,000 crore PLI scheme.

 

cannonfodder

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I mean if you are interested, wait for it to go below 0.25 cents viz a viz USDT and invest then hold for few months. It will skyrocket to 1usdt soon, within this year most proly. I hope Elon keep shilling it for us, quick rise and falls are great way to make easy bucks if you know how to.

Again : I want to highlight this, that it's not something that one should invest their livelihood on, just that much money which you are willing to loose in certain scenarios.
If you want step by step instruction on how to invest, then maybe I will create a thread or post it under the crypto thread which was created by mods.
Please do that..
 

sorcerer

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India elected to three bodies of UN Economic and Social Council


UNITED NATIONS: India has been elected by acclamation to three bodies of the UN Economic and Social Council.
India was elected by acclamation to the Commission on Crime Prevention and Criminal Justice for a three-year term beginning January 1, 2022.
Austria, Bahrain, Belarus, Bulgaria, Canada, France, Ghana, Libya, Pakistan, Qatar, Thailand, Togo and the US were also elected by acclamation while Brazil, Dominican Republic, Paraguay, Chile, Cuba were elected by secret ballot.
India was elected by acclamation to the Executive Board of the UN Entity for Gender Equality and the Empowerment of Women (UN Women) for a three-year term beginning on January 1, 2022.
Afghanistan, Australia, Bangladesh, Cameroon, Colombia, the Dominican Republic, Egypt, Gambia, Guyana, Kenya, Monaco, Poland, South Africa, Thailand, Turkmenistan and Ukraine were also elected by acclamation to the UN body.
India was elected to the Executive Board of the World Food Programme, along with France, Ghana, the Republic of Korea, Russia and Sweden by acclamation for a three-year term beginning on 1 January 2022.


 

sorcerer

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EU and India plan global infrastructure deal

The EU and India are in talks to build joint infrastructure projects around the world in the latest attempt to compete with China’s Belt and Road Initiative.

The plan, described as a “connectivity” partnership in sectors including energy, digital and transport, would aim to offer better legal safeguards and less onerous debt terms than those offered by Beijing, diplomats said.


FUCK CHINA
 

sorcerer

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India rises to the top of Emergving Markets league tables, displacing China

For the first time in the post-pandemic period, India reached the top of Mint’s emerging markets tracker in March, the latest data shows. Strong manufacturing momentum, healthy export growth, and buoyant stock markets pushed up India’s rankings in the league table that tracks 10 large emerging markets across seven key parameters each month.



no wonder the chinese are unleashing bio weapons like coronavirus all across the globe.
fuck china
 

asaffronladoftherisingsun

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does anyone know which TV display unit is better in terms of life cycle, Samsung or LG?

I remember it as LG, but not sure.
Them samsung and lg have announced some major changes to their display tech, some qled comes with quantum dot enhancements which is at par with those oled. Highly recommend if could wait unless sky is falling down.
 

sorcerer

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Hero joins hands with Taiwan’s Gogoro to develop EVs for India

NEW DELHI: Hero MotoCorp has formed a partnership with Taiwan’s Gogoro Inc to develop electric vehicles for the Indian market. The two companies will establish a battery swapping joint venture to bring Gogoro’s battery swapping platform to India and will collaborate on EV development to bring Hero-branded, powered-by-Gogoro Network vehicles to the domestic auto market.

 

Indx TechStyle

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Second wave set to drag down economy’s growth

Economic forecasters are at it once again. Amid rising Covid-19 infections, localised lockdowns and curfews in select states, GDP growth estimates are being revised downwards at breakneck speed. The Indian economy is now expected to grow by 10-11% this fiscal as against the 12-13.5% projected earlier.
The modest forecast so far has been from the RBI and the World Bank at 10.5% and 10.1% respectively, but they too could be tipped for the chop in the coming weeks. The economy is believed to have contracted by 8% in Covid-hit FY20-21, but hopes were high that recovery had already begun in Q4. But none would argue that the pace of recovery is so fragile that it could be knocked over with a feather. That knock has invariably come from the second wave of infections that struck economically important states like Maharashtra, Gujarat and Delhi hard.
GDP growth between April and June was supposed to be obscenely high at over 30%, largely due to a low base of 24% contraction seen during the same period last year. Analysts expect the current restrictions to remain in place until May and though the impact could be lower than 2020, it’s undeniable that it will cut into growth like a hot knife through butter. Consumption, which accounts for about 60% of GDP, remained disappointing last fiscal, but was expected to pick up pace this year. That prospect is now a lost hope, at least in Q1.
Notwithstanding the grim state of affairs, chances of a fresh fiscal stimulus seem remote. But the RBI believes the less stringent lockdowns, an adaptation to the new normal, ongoing vaccinations, stronger global growth, front-loaded fiscal activism and lagged effects of easy financial conditions will support cyclical growth recovery. Still, multiple growth revisions appear as sure as fate and even though economists see either W, V, or K-shaped recovery, for now they are all subject to the 50-50-90 rule, where if there’s a 50-50 chance of getting something right, there is also a 90% probability of getting it all wrong.
 

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