Indian Economy: News and Discussion

[Blademaster]

The inauguration is forcing the Ghatkoper to Versova line to close right in the peak hours 5:30 - 7:30 pm why can't he do it in the weekend

Scheduling?

 

[FalconSlayers]

 

[sauntheninja]

Scheduling?

The actual line will begin next day for the general public

 

[Haldilal]

Ya'll Nibbiars The list of companies with whom Maharashtra Government has signed the MoUs on the day one at the Davos are as follows:-

1 . Greenko Energy Projects Pvt Ltd. 12,000 crore rupees.

2 . Berkshire Hathway Home Services Orenda Indiaz 16,000 crore rupees.

3 . ICP Investments/ Indus Capital, Rs 16,000 crore rupees.

4 . Rukhi Foods, 250 crore rupees.

5 . Nitro Pharma Packaging India Pvt Ltd, 1,650 crore rupees.

Total: 45,900 crore rupees on the Day One.

Ya'll Nibbiars The list of companies with whom Maharashtra Government has signed the MoUs on the day one at the Davos are as follows:-

1 . Gogoro Engineering and Badve Engineering auto parts manufacturers, 20,000 crore

2 . New Era Cleantech Solution coal gasification project at Bhadravati in Chandrapur, 20,000 crore rupees.

3 . Varad Ferro Alloys at chandapur, 1,600 crore rupees.

4 . Rajuri Steels and Alloys subsidiary in Chandrapur, 600 crore rupees.

5 . Elite Plast Auto Systems plastic automotive project at Pimpri in Pune, 400 crore rupees.

Total Investment at Day 2. 42,600 crore rupees.

The total Investments till now at the Davos. 88,500 crore rupees.

Ya'll Nibbiars

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Ya'll Nibbiars The list of companies with whom Maharashtra Government has signed the MoUs on the day Three at the Davos are as follows:-

The 9 to 11 Firms mostly in the High Tech sectors, 48,500 crore rupees.

The Investments on the Day Three, 48,500 crore rupees.

Total Investment at the Davos, 1,37,000 crore rupees.

 

[Haldilal]

Ya'll Nibbiars

 

[thebakofbakchod]

Ya'll Nibbiars The list of companies with whom Maharashtra Government has signed the MoUs on the day Three at the Davos are as follows:-

The 9 to 11 Firms mostly in the High Tech sectors, 48,500 crore rupees.

The Investments on the Day Three, 48,500 crore rupees.

Total Investment at the Davos, 1,37,000 crore rupees.

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Most of these seem like nonsense MOUs as usual. Half the companies proposing 10000cr investments are ones that have 0 history or dont even seem to exist like Rcube/Ark Data or new era cleantech

 

[thebakofbakchod]

This Pune belt has like $50billion+ investments and new ones coming up everywhere, and yet it has 1 narrow highway as its ingress/egress. 82iq planning at its absolute best.

 

[Haldilal]

Most of these seem like nonsense MOUs as usual. Half the companies proposing 10000cr investments are ones that have 0 history or dont even seem to exist like Rcube/Ark Data or new era cleantech

Ya'll Nibbiars These are solid ones.

Berkshire Hathway HSOI 16,000 crore rupee.

ICP/Indus Capital Investments 16,000 crore rupee.

Rukhi Food 250 crore rupee.

Nitro Pharma Pack 1,650 crore rupee.

Varad Ferro 1,520 crore rupee.

Rajuri Steel 600 crore rupee.

Elite PAS 400 crore rupee.

M&M 10,000 crore rupee.

NTT DC 20,414 crore rupee.

Others 7,314 crore rupees.

Total: 74,148 crore rupees.

 

[Haldilal]

Ya'll Nibbiars Done some background check and it's seem to be the New Era Cleantech connected to the various politicians and probably a Black white money scheme. So have to see when the actual work on the so called green gasification plant starts.

 

[Shuturmurg]

Ya'll Nibbiars Done some background check and it's seem to be the New Era Cleantech connected to the various politicians and probably a Black white money scheme. So have to see when the actual work on the so called green gasification plant starts.

I am also sceptical about huge chunk of FDI coming from Mauritius. Seems like a route of bringing back black money to invest in India.

 

[Love Charger]

I think Modi must have set a world record in inaugurating projects. He is there everywhere inaugurating everything from small railway projects to very big highway projects.

Modi projects himself as new nehru
My father was especially worried as to how he will reach his office in bkc today, he said he will go via bandra kek
We asked him to take a leave and sleep at home but no he prefers to go to office .
Duh and he has many leaves remaining

 

[Haldilal]

Ya'll Nibbiars

Be ready for the Korean Wave Onslaught in form of the Ice Cream parlor?......

Lottery Confectionery to invest 450 crore rupees in Havmor Ice Cream’s over the next 5 years. One of the first ever Korean themed facilities in India reflected in its design and engineering. The company aims to create employment opportunities for over 1000 people during the investment period.

The investment includes a new production facility at MIDC Talegaon in Pune, Maharashtra. One of the first ever Korean themed Ice cream parlors and the facilities in India reflected in its design and engineering. Company aims to create employment opportunities for over 1000 people during the investment period.

 

[Haldilal]

Ya'll Nibbiars Kumata Nibba will be earning 15 lakh rupees per day.

Cognizant's New CEO Will Get Rs 15 Lakh/Day: 4-Times More Salary Than Mukesh Ambani! - Trak.in - Indian Business of Tech, Mobile & Startups

The global IT major Cognizant announced its new Chief Executive Officer last week, the former President of the Indian IT behemoth Infosys, Ravi Kumar, replacing Brian Humphries. Kumar served at the Bengaluru-headquartered giant Infosys for over 20 years and served as the company’s President and...

trak.in

 

[Haldilal]

Ya'll Nibbiars

The LG Electronics India has invested around 200 crore rupees at its Ranjangaon, Pune based facility to set up a new line for manufacturing the premium range of side-by-side refrigerators. With an investment of approximately 200 crore rupee, the new facility equipped with advanced technologies and machineries is set to manufacture 2 lakh side by side refrigerators annually.

 

[Haldilal]

Ya'll Nibbiars

India bags Samsonite's 2nd-largest market tag, overtakes China in last calendar year

To be sure, Samsonite's China sales stood at $228 million in 2021 compared with India that clocked $140 million. India's revenues stood at $99 million during the six months ended June 2022 while China's were $76 million. The annual numbers have not been announced yet.

m.economictimes.com

 

[karn]

As per Ashwini Vaishnav the increased tax collection from the mobile phone companies that availed the PLI was enough to fund all the other PLI schemes.
Got from this discussion.

 

[angryIndian]

Ya'll Nibbiars Kumata Nibba will be earning 15 lakh rupees per day.

Cognizant's New CEO Will Get Rs 15 Lakh/Day: 4-Times More Salary Than Mukesh Ambani! - Trak.in - Indian Business of Tech, Mobile & Startups

The global IT major Cognizant announced its new Chief Executive Officer last week, the former President of the Indian IT behemoth Infosys, Ravi Kumar, replacing Brian Humphries. Kumar served at the Bengaluru-headquartered giant Infosys for over 20 years and served as the company’s President and...

trak.in

 

[Kshatriya87]

35 hydrogen trains, 500 Vande Bharat likely in Budget

35 hydrogen trains, 500 Vande Bharat likely in Budget (msn.com)

NEW DELHI: There may be big-bang announcements for railways in the upcoming Budget, including a plan to roll out 35 hydrogen-fuelled trains, around 400-500 Vande Bharat trains, nearly 4,000 newly designed automobile carrier coaches and approximately 58,000 wagons, all of which may be rolled out in the next three years.

Sources said the railways is likely to get an allocation of nearly Rs 1.9 lakh crore for 2023-24 as the government has put greater focus on modernising its rolling stock (trains, coaches and wagons), improvement and electrification of tracks and achieving the target of net zero carbon emission by 2030.

Recently, railways minister Ashwini Vaishnaw had said that the railways would run hydrogen-fuelled trains on eight heritage routes such as in Darjeeling, Nilgiris, Kalka-Shimla and Kangra Valley, with an aim to make these routes completely green. The railways is manufacturing a prototype hydrogen fuel-based train at the Northern Railway workshop. It would be test-run on the Sonipat-Jind section in Haryana.

Sources said the announcement of rolling stock programme, which will be spread over three years, is estimated around Rs 2.7 lakh crore, which would be highest so far. They said besides this new age rolling stock, the plan to manufacture 100 Vistadome coaches and refurbishment of 1,000 coaches of premier trains are likely to be part of the programme. Sources said production of 500 Vande Bharat trains was estimated to cost Rs 65,000 crore.

To strengthen safety of passengers in the light of several cases of fire, the railways is planning to provide water mist-based fire extinguishers in 1,000 coaches.

 

[Kshatriya87]

India to be $26 trillion economy by 2047, projects EY

NEW DELHI: India’s economy will reach $26 trillion by 2047, the 100th year of the country’s independence, according to estimates released by consulting firm EY on Wednesday.

The per capita income is expected to increase to $15,000, putting the country among the ranks of developed economies, said EY. The report, ‘India@100: Realising the potential of a $26 trillion economy’, was launched by Ashwini Vaishnaw, railway and IT minister, on the sidelines of the World Economic Forum (WEF) being held at Davos, Switzerland.



India to be $26 trillion economy by 2047, projects EY (msn.com)

 

[Varzone]

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Not from IT industry but comparing fresher to ceo is misleading.
Companies will hire the whole lot at low packages and then with time they understand who is valuable and who is useless and pay them accordingly.
IT freshers multiply their package easily as they jump companies and projects, that's how the industry works.