Indian Economy: News and Discussion

angryIndian

Regular Member
Joined
Feb 26, 2013
Messages
988
Likes
3,945
Country flag
Only if studies are not your thing.
Otherwise, getting a 4 year degree is a good idea. If nothing, it gives you flexibility and opens up a lot of opportunities that otherwise would be forever closed.
That is what I was saying all along.The original report says that demand for the 4-year technical courses is declining and almost 70% prefer Bachelor of Arts and Science courses.
 

ovalpiston

Regular Member
Joined
Jul 31, 2021
Messages
456
Likes
2,937
Country flag
Will Adani survive?
Why wouldn't they ? Stock prices fluctuates, Tesla went down from over $410 a share to $100 in less than an year before doubling from the bottom. Adani won the contracts through a transparent bidding process, atleast in majority of the contracts i did not see his competitors cry foul except for the Congress party and its coterie who in the past had no problem dealing with Adani and Ambanis but have now painted a crosshair on their backs because it helps their "suit boot ki sarkar" narrative.

Pulling out of a fully subscribed FPO is the right way to go. They expect stock to take a beating the next few months and that would have opened them to more criticism and lawsuits from investors. Ride out the next 6 to 8 months and relaunch it later . Watch out for a similar attack on the Ambanis between now and the elections, if they can threaten them with a car bomb then they are well capable of attacking through a foreign hedge fund or short seller.
 

jadoogar

Regular Member
Joined
Nov 1, 2016
Messages
328
Likes
739
Country flag
It was in the research center in Faridabad the one that's already there that gen2 ethanol production was researched .
Indian oil is the defacto standard for all oil and lubricants in this country. They are also the ones that come up with the lubricants that go into armoured vehicles .. did you know the Arjun had its lubricants imported until India oil came up with its own alternative? And there are many many more efforts from bio gas to hydrogen .
Day one we cry that we don't have good enough research facilities and our folks go abroad and day 2 well cry that the reasearch facility is getting in the way of fucking agriculture??
Couple of points:
(1) Original note said "new" center on 60 acres for 2200 crores. If one is already there then use it, refurbish buildings and labs
(2) gen 2 ethanol production !? - what is there to it - they are just fermenting sugar. One lab should do it - but fine for employment have a large number - put it in high rise or moderate rise. Do not waste 60 acres
(3) lubricants - what is there to it... use a GC (gas chromatograph), analyze Mobil 1 or whatever. Then build your own... which is what they probably did - and also point 2 again - facility is already there
(4) Smt Indira Gandhi had put bio-gas plants in every village... were not maintained - has something changed ???
(5) hydrogen.... Ok - electrolysis - with surplus solar / wind power. The Thermodynamic will not change - it has to be low efficiency because of that - but when the source is so large (surplus wind, solar) then still good.

My point was to use land efficiently... can also lead to more compact (perhaps walkable cities). Rest of the land can be returned to Nature. In the 1960s - a huge chuck of Gorakhpur (district) was forest. Then the cutting began. Went on for decades.... The Indian climate was not that hot in those days... in the early 80s I actually wore (in mid-April) a thick Jacket in the plains of Northern India (Kanpur).
The Gorakhpur fertilizer plant was built on 10,000 acres. On one of the most fertile, most forested land in the Indian subcontinent. Could have been built on a few acres.

That 60 acres was an example. Use LAND WISELY -
Churches, waqf board, connected politicians, bureaucrats etc etc... everyone has commandered vast tracts of land, lying uselessly... (the last few by acquisition and allotment for Industrial parks)
 

karn

Senior Member
Joined
Apr 17, 2014
Messages
3,603
Likes
15,362
Country flag
Couple of points:
(1) Original note said "new" center on 60 acres for 2200 crores. If one is already there then use it, refurbish buildings and labs
(2) gen 2 ethanol production !? - what is there to it - they are just fermenting sugar. One lab should do it - but fine for employment have a large number - put it in high rise or moderate rise. Do not waste 60 acres
(3) lubricants - what is there to it... use a GC (gas chromatograph), analyze Mobil 1 or whatever. Then build your own... which is what they probably did - and also point 2 again - facility is already there
(4) Smt Indira Gandhi had put bio-gas plants in every village... were not maintained - has something changed ???
(5) hydrogen.... Ok - electrolysis - with surplus solar / wind power. The Thermodynamic will not change - it has to be low efficiency because of that - but when the source is so large (surplus wind, solar) then still good.

My point was to use land efficiently... can also lead to more compact (perhaps walkable cities). Rest of the land can be returned to Nature. In the 1960s - a huge chuck of Gorakhpur (district) was forest. Then the cutting began. Went on for decades.... The Indian climate was not that hot in those days... in the early 80s I actually wore (in mid-April) a thick Jacket in the plains of Northern India (Kanpur).
The Gorakhpur fertilizer plant was built on 10,000 acres. On one of the most fertile, most forested land in the Indian subcontinent. Could have been built on a few acres.

That 60 acres was an example. Use LAND WISELY -
Churches, waqf board, connected politicians, bureaucrats etc etc... everyone has commandered vast tracts of land, lying uselessly... (the last few by acquisition and allotment for Industrial parks)
Every bit of extra investment into research is to be lauded .
Your point about agriculture and forestry was so hilarious I had to respond.
If you want better land use in NCR or to be more precise faridabad do look into all those empty apartments that go on for acres on both sides of the highway.
2nd gen ethanol is from agricultural waste.
In any case you seem to largely ignorant of Indian oils work and I'm not going to spoon feed you . Since you were wondering what is there to research in oil I just gave examples off the top of my head . In any case it is more important than a shitty forest.
You chose a bad target for your land efficiency case ,research is paramount .
And rest of your land use points I have no opinion about since give no solutions.
 

AnantS

Senior Member
Joined
Jan 10, 2013
Messages
5,594
Likes
14,927
Country flag
That is what I was saying all along.The original report says that demand for the 4-year technical courses is declining and almost 70% prefer Bachelor of Arts and Science courses.
Depends what kind of BA. BA Economics - CA/MBA route. BA ->IAS/Other Govt Jobs. BA with Foreign Language Specialization(They ean better than IT counterparts - serving as translator). Even Bachelor of Fine Arts end up working in IT Industry as designers. Btech is not end of the world. Given the kind of colleges we have where there is dearth of money to hire permanent good teaching staff leave aside ability to sponsor innovation projects for non IT branches. I doubt just increasing numbers of BTech graduates would serve any purpose. Reorientation of technical Education is needed. It should be attuned with current and future Industrial/National needs.
 

another_armchair

Senior Member
Joined
Feb 28, 2019
Messages
11,192
Likes
50,817
Country flag

Byju's has handed the pink slip to 900-1,000 employees in a fresh round of layoffs, according to media reports, although sources in the company said the move was part of the "optimisation' strategy that the edtech giant had announced last year that included sacking 2,500 workers.
The latest job cuts have swept across verticals such as product, content, media and technology teams, according to the people familiar with the matter. The Bengaluru-based firm has also reportedly sacked top officials including ones drawing annual salaries of Rs 1 crore and above.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,418
Likes
112,981
Country flag
Ya'll Nibbiars The Five firms plan settig up The manufacturing units in Maharashtra at an investment of 790 crore rupees, and will generate 1,800 new jobs. The Firm's and The Investement are:

1 . Viswaat Chemicals Raigarh, 300 crore rupees.

2 . Sudarshan Jeans Pune, 165 crore rupees.

3 . Saarthi Chemicals Pune, 125 crore rupees.

4 . Laxmi Packaging Ambernath, 100 crore rupees.

5 . Eminence Equipments, Pune, 100 crore rupees.
 

Varoon2

Senior Member
Joined
Mar 22, 2021
Messages
1,190
Likes
4,243
Country flag
Indian oil is the defacto standard for all oil and lubricants in this country. They are also the ones that come up with the lubricants that go into armoured vehicles .. did you know the Arjun had its lubricants imported until India oil came up with its own alternative? And there are many many more efforts from bio gas to hydrogen .
Yep, and now Indian Oil has made a modest entry into the export of specialty oils.

 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,418
Likes
112,981
Country flag
This mall is less then 2 KM from my home... heard about it 6 years ago was supposed to complete in 3 years still years away from completion.
Ya'll Nibbiars opening this year.
 

Abbey

Senior Member
Joined
Oct 28, 2022
Messages
1,719
Likes
6,906
Country flag
State Bank of India on February 3 reported a 68 percent surge in net profit for the December quarter, beating Street expectations by a big margin. The net profit was boosted by a reduction in provisions and strong core income growth.

India’s largest lender reported a net profit of Rs 14,205 crore for the December quarter, up from Rs 8,431.9 crore in the corresponding period of the previous year. A poll of eight brokerages had estimated the net profit at Rs 13,360 crore for the quarter.


SBI’s net interest income, the core income it earns from its lending operations, rose 24 percent year-on-year to Rs 38,069 crore for the December quarter. Analysts polled by Moneycontrol had estimated the NII to be Rs 36,948 crore. The NII growth was lifted by a strong loan book expansion.

The lender’s interest income rose to Rs 86,616 crore from Rs 69,678 crore in the same quarter of the previous year.

Provisions declined 17 percent to Rs 5,760 crore in the December quarter. The state-owned lender's provisions totalled Rs 6,974 crore in the same period last year. Loan loss provisioning, or provisions towards bad loans, dropped a big 49 percent to Rs 1,586 crore.

Growth engines fire
The bank’s loan book grew 17.60 percent and the expansion was led by retail loans that grew by 18 percent year-on-year. Within retail, housing loans showed a growth of 14 percent and had the largest share in retail loans. The fastest growing segments, though, were unsecured personal loans and gold loans. Chairman Dinesh Khara sounded optimistic over credit growth in the coming quarters but added that the pace may moderate a bit.

SBI’s corporate loan book too saw a similar expansion of 18 percent. Within corporate loan book, lending to roads and ports in infrastructure, iron and steel sector and services grew the fastest during the quarter. “We expect growth will be somewhere between 14-16 percent for FY23,” said Khara in a press interaction post quarterly results.
Deposit growth was far slower than credit growth at 9.5 percent to Rs 42.13 crore for the December quarter. The share of low-cost current and savings account deposit declined marginally as depositors shifted towards term deposits which grew by 11.38 percent year-on-year. Khara said that deposit growth is comfortable enough to ensure the loan book growth isn’t hampered. “As of now we are comfortably placed to ensure that we are able to support balance sheet growth on loans,” he said.
When asked about whether interest rates on government schemes would impact deposit mobilisation, Khara said, “we are quite mindful of competition and we should be offering the deals to counter.”

Asset quality
SBI’s asset quality showed significant improvement in the December quarter and its gross bad loan ratio dropped to 3.14 percent from 4.50 percent a year ago. On a net basis, the share of bad loans in total loan book dropped to 0.77 percent from 1.34 percent a year ago.
The stress of the loan book is largely from agriculture that had a gross bad loan ratio of 12.03 percent. About 4 percent of corporate loans were non-performing and the ratio for retail loans was 3.24 percent.

However, fresh slippages increased to Rs 3,098 crore in the December quarter, from 2334 crore a year ago. Upgrades and recoveries too faltered, totalling Rs 1,643 crore, lower than 2,306 crore a year ago and far lower than Rs 5,207 crore in the previous quarter. The reduction in gross bad loans seem to have largely come from write-offs.
The bank’s special mention accounts that capture initial signs of stress has come down. SMA 1 and 2 accounts that capture repayments due for thirty days and more were down to Rs 4,747 crore from Rs 8,497 crore in the previous quarter.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,418
Likes
112,981
Country flag
Ya'll Nibbiars The Wirtgen India started export of their latest paver machines Vogele Super 1400/ 1403 from their Pune plant.

FoCj9oRakAAl3gl.jpeg
 

Latest Replies

Global Defence

New threads

Articles

Top