Indian Economy: News and Discussion

[FalconSlayers]

Off topic a bit but why is wuhan virus only harming china’s enemies and not slaves like Pakistan and North Korea?

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[indus]

ITC files Rs 100 cr defamation suit against portfolio manager Manu Rishi Guptha for blog post

ITC has filed a Rs 100 crore defamation lawsuit against portfolio manager and blogger Manu Rishi Guptha and two senior officials of financial blog site FinMedium. Guptha, CEO of SEBI-registered investment advisory firm MRG Capital Partners, had written a blog post titled "Magic, illusion or just trickery - The story of ITC", criticising the Kolkata-headquartered company's business decisions alleging irregularities by the management and board of directors.
https://www.cnbctv18.com/legal/itc-...r-manu-rishi-guptha-for-blog-post-9977531.htm

 

[sauntheninja]

Off topic a bit but why is wuhan virus only harming china’s enemies and not slaves like Pakistan and North Korea?

How many people do you think can enter North Korea they are closed off from the rest of the world and maybe there isn't much international travel between Pakistan and the rest of the world

 

[Crazywithmath]

LOL! who is in denial about India's growth ? AS MANY TIMES said before the pace of growth is simply not sufficient and India performance is extremely mediocre.

It's immaterial whether China suffered immensely or not at all due to the pandemic, even if their economic growth stagnates, it will take India no less than two decades to reach the same position as China is in right now.And they are already richer than notable countries like Brazil,Turkey,Mexico,Malaysia,Russia and in the prestigious league of countries with High Human Development Index.So even if they maintain a growth of just 4%,they would still be light years ahead of us.

The significance of my statement regarding having an economy just 18% the size of China is that India has all but lost the fiscal ability to counter China on it's own and would require the assistance of a 3rd party (Europe/US).This would come at a terrible cost of abandoning an independent foreign policy and perhaps having to tolerate external interference into our domestic matters.

India WILL NOT grow at double digit rates. There are structural limitations. 7-8% is normal for us and we will be back there soon. And that 18% thing (nominal) is a statistical ANOMALY that won't last. A bunch of western publications started hyping up India when we were growing at the fastest rate ever following PVNR and Vajpeyee's reforms. Now their infatuation is over with us. Thus they are currently hyping Bangladesh up declaring them the next Asian tiger and what not. These are all rubbish. The era of Asian tigers is over. Even if we undertake all the steps Chinks did up until the 80s (not possible for a liberal democracy like India) we WILL NOT enjoy that sort of growth. Nobody is willing to open up markets for developing nations when fiscal deficits are breaking records and unemployment rates are touching new highs across the globe. India is NOT China and and it will NEVER become one. These sort of wet dreams need to stop.
And Brazil? Mexico? Russia? Turkey? You couldn't get your examples any worse. They simply stopped growing and stagnated. Heck! They were experiencing de-growth even before covid was a thing. Surpassing them is no big deal. In another 12 years India too will surpass them (Turkey will be a bit earlier). We are late entrants and our growth will not be as stunning as the Chinks (irrespective of political leadership) although it will still be significant.

In a global economic disruption, everyone suffers. Be it China, be it India, be it US, be it anyone else. Everyone loses. There is no winner in an economic collapse. It will be interesting to watch what the middle kingdom does while all their main economic levers are malfunctioning coupled with a demography that does not favour growth anymore. It is irrelevant though. For India it does not matter. Our trajectory will be completely different from what they enjoyed.

 

[Haldilal]

Ya'll Nibbiars

Andheri Railway station Revedelopment.

Dheradun Railway station Revedelopment.

 

[Haldilal]

Ya'll Nibbiars

Dadar Railway station redevelopment.

Sabarmati Railway station redevelopment.

 

[Haldilal]

Ya'll Nibbiars Thakurli Railway station Revedelopment. It the largest by land area in India.

Amristar Railway Station Revedelopment.

 

[Haldilal]

Ya'll Nibbiars

Kandivali Railway Station Revedelopment.

Ayodhya Railway station Revedelopment.

 

[Haldilal]

Ya'll Nibbiars

Tilak Nagar Railway Station Revedelopment.

Baiyappanahalli Railway Station Revedelopment.

 

[Haldilal]

Ya'll Nibbiars when Corporate sponsorship takes over nostalgia. Many are demanding to bring Shara back. The Indian cricket team hasn't won any of ICC tournaments since they ended the sponsorship with SAHARA. India wS runner up in 2003, Won T20 wc in 2007, ODI wc in 2011 and Champions Trophy in 2013 when they were wearing SAHARA jersey. Only a coincidence?

 

[Abdus Salem killed]

Ya'll Nibbiars Thakurli Railway station Revedelopment. It the largest by land area in India.

View attachment 99884

Amristar Railway Station Revedelopment.

View attachment 99885

Is this real or Photoshop BCS I want to rub it in the faces of bongs

 

[Haldilal]

Is this real or Photoshop BCS I want to rub it in the faces of bongs

Ya'll Nibbiars

Solapur railways station

Varnasai Railway Station.

 

[SKC]

Is this real or Photoshop BCS I want to rub it in the faces of bongs

Artistic recreations! not actual design!

 

[sauntheninja]

Ya'll Nibbiars when Corporate sponsorship takes over nostalgia. Many are demanding to bring Shara back. The Indian cricket team hasn't won any of ICC tournaments since they ended the sponsorship with SAHARA. India wS runner up in 2003, Won T20 wc in 2007, ODI wc in 2011 and Champions Trophy in 2013 when they were wearing SAHARA jersey. Only a coincidence?

View attachment 99891

After the netflix show about Sahara and how they work why would anyone want their sponsorship

 

[FalconSlayers]

Ya'll Nibbiars Thakurli Railway station Revedelopment. It the largest by land area in India.

View attachment 99884

Amristar Railway Station Revedelopment.

View attachment 99885

Would love to see a very big statue of Maharaja Ranjit Singh over the redeveloped station.

 

[sorcerer]

Auto sales up 113% at 3,180,039 units in Q1 FY22: SIAM

IBEF: July 15, 2021


According to the recent data published by the Society of Indian Automobile Manufacturers (SIAM), in the first quarter of FY22, the automobile wholesale registered significant growth backed by easing lockdown restrictions, phased renewal of industrial activities and a low-base of the last year.

As per the data, in the first quarter of FY22 (Between April 2021 and June 2021), the total domestic sales increased by 113% to reach 3,180,039 units as compared to 1,492,612 units in the first quarter of FY21.

Between April 2021 and June 2021, the total passenger vehicle segment registered an increase of 320% at 646,272 units as compared to the registered sales of 153,734 units in the same period last year.

Domestic Sales​	April-June 2019​	April-June 2020​	April-June 2021​
Passenger Vehicles​	712,684​	153,734​	646,272​
Commercial Vehicles​	208,310​	31,636​	105,800​
Three Wheelers​	149,797​	12,760​	24,376 ​
Two Wheelers​	5,013,067​	1,294,509​	2,403,591 ​
Quadricycle​	620​	-27​	NA​
Total​	6,084,478​	1,492,612 ​	3,180,039​

*Passenger vehicles sales figures does not involve Volvo Auto, BMW and Mercedes while Commercial vehicles sales do not involve Scania and Daimler.

Mr. Kenichi Ayukawa, President, SIAM, said, “In the first quarter of FY22, automobile industry in India supported the government’s intent to combat the spread of the virus by putting lockdown restrictions on industrial activities. Several OEMs closed their production plants to get oxygen accessible for medical purposes. They also supported by expanding oxygen supply to hospitals, helping health care services and local communities.”

He added, “Recently, with relaxing restrictions, OEMs have cautiously restarted processes in a phased manner. We are grateful to the Government for expanding the rate of vaccination in the country, extending a fiscal stimulus package for the key impacted sectors and involving wholesale and retail trades under MSMEs.”

Between April 2021 and June 2021, the total domestic sales of commercial vehicles stood at 105,800 units, as compared to 31,636 units in the same period last year. For the period under review, the total M&HCV sales stood at 29,158 units, and total sales of LCV stood at 76,642 units.

In the first quarter of FY22, the two-wheeler sales stood at 2,403,591 units as compared to 1,294,509 units in the same period last year. In the quarter under review, the motorcycle segment registered 1,740,198 unit sales, and scooter segment registered 592,445 units sales.

Between April 2021 and June 2021, the total domestic sales for three-wheeler stood at 24,376 units as compared to 12,760 units sales in the same period last year.

SIAM reports sales figures for the wholesale dispatches of OEMs and FADA details retail figures from dealerships.

 

[IndianYonko]

After Pine Labs & Mobikwik, now Visa & Lightbox backed B2B payment solutions firm PayMate planning an IPO

The firm’s founder Ajay Adiseshann is a technology entrepreneur . Beyond Visa & Lightbox, the firm’s other investors include Recruit Strategic LLC, Mayfair 101, BCCL, Mayfield Fund, Kleiner Perkins Caufield & Byers & Sherpalo Ventures

www.moneycontrol.com

After Pine Labs & Mobikwik, now Visa & Lightbox backed B2B payment solutions firm PayMate planning an IPO

Enough with playing unicorn-unicorn --
Now its time for IPO-IPO...