Indian Economy: News and Discussion

[angryIndian]

what is this happening is Karankata?



If this continues,businesses and IT companies should consider moving to other states

 

[Haldilal]

Ya'll Nibbiars

Mumbai-based business couple to invest Rs 1,100 cr in Spicejet, 62 others also pick stake

SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon, at Rs 50 apiece. This is 18.4% lower than the airline's stock price of Rs 61.3 when markets closed on December 11

www.moneycontrol.com

Jefferies expects investment banking fees in India to rise after bumper 2023

The bank was the top IPO adviser in India this year, show LSEG data.

www.dealstreetasia.com

Mumbai emerges a favourite among returning NRIs for business and investment

The report shows that a notable 23% of returning NRIs favor Mumbai, making it the leading destination. Among these, 18% are from the United States, followed by 14% from Canada, 11% from Singapore, and 11% from various other countries.

economictimes.indiatimes.com

Welspun One To Invest Rs 700 Cr In Development Of Logistics Complex In Navi Mumbai

Welspun One formed a strategic partnership with JNPA to jointly develop this project and the investment comprises both the cost of land and the cost of building, , Welspun One

www.businessworld.in

Commercial real estate update: Demand for Grade A offices forecast to return to pre-pandemic levels in 2024

Large-sized deals, which were on hold, likely to make a comeback in 2024: Record levels of new supply will cause vacancy rates to go up

www.hindustantimes.com

 

[Haldilal]

what is this happening is Karankata?



If this continues,businesses and IT companies should consider moving to other states

Ya'll Nibbiars

Karnataka Govt Mulls Ending Labour Law Exemption For Tech Firms: Report

The Karnataka government is reportedly planning to include technology companies in labour regulations from May 2024, concluding the exemption that this industry has benefitted from for many years

swarajyamag.com

 

[Atavistic]

what is this happening is Karankata?



If this continues,businesses and IT companies should consider moving to other states

I think putting up signboards in regional language is much cheaper than shifting entire company and its employee base to a different location.

 

[SKC]

Govt leeches Thousands of crore of Rs by taxing petroleum products and Gold.
Had any of our Govts been smart, they would've used some part of that capital to initiate domestic mining and oil-drilling projects.

We have spent a century trying to find more oil within our boundary. There isn't just anymore. There are hopes of finding some around Andaman and Nicobar Islands but still no concrete evidence.

 

[Haldilal]

Ya'll Nibbiars

How much physical gold one can keep at Home ?

As per The Central Board of Direct Taxes (CBDT) following is the limit of physical gold one can keep at home.

Married Male 100 grams
Married Female 500 grams

Unmarried Male 100 grams
Unmarried Female 250 grams

If a family consists of 4 people, a married woman, an unmarried woman, a married man, and a single man then total physical gold the family can keep at home is equal to 950 grams.

Irrespective of marital status, males are allowed to keep only 100 grams of gold in the form of Jewellery or ornaments.

Hence, the Income Tax Department will not seize jewellery and ornaments upto limits mentioned above even if the same does not seem to be matching with the income record of the assessee.

Beyond permissible limit, one has to provide all relevant documents and proofs.

 

[Haldilal]

Ya'll Nibbiars The SoftBank-backed FirstCry seeks to raise nearly 2,000 crore rupeea in the IPO.

 

[manindra]

Ya'll Nibbiars The SoftBank-backed FirstCry seeks to raise nearly 2,000 crore rupeea in the IPO.

View attachment 234135

I think it would " Cry Hard"

 

[Kumata]

Ya'll Nibbiars The SoftBank-backed FirstCry seeks to raise nearly 2,000 crore rupeea in the IPO.

View attachment 234135

LOL .. they are trying to ride on market giving some returns to original investors... I was surprised with a recent jeweler wala IPO ... No assets not even showrooms , Owners involved in IPL match fixing and investigated before being released , All raw material being sourced from One place. And still they listed with decent premium..IPO size 400 crores

Same thing is being repeated and gullible public is falling for these IPO's ....gravity defying valuations.. a single -ve and all falls to ground trapping retail investors..

 

[ListenLittleMan]

what is this happening is Karankata?



If this continues,businesses and IT companies should consider moving to other states

Regional divide cards being played by Cong just before LS, did you see such things when BJP was in rule, very similar to Bajarang dal scenario during Modi rule in GJ

 

[ListenLittleMan]

Modi Govt Earned Rs 1,163 Crore, Same as the Budget of Two Chandrayaan-3 Missions, from Selling Scrap - News18

Modi Govt Earned Rs 1,163 Crore, Same as the Budget of Two Chandrayaan-3 Missions, From Selling Scrap: The latest government report says nearly Rs 1,163 crore have been earned by selling scrap since October 2021, including a whopping Rs 557 crore earned during a one-month-long campaign in October

www.news18.com

The latest government report says nearly Rs 1,163 crore have been earned by selling scrap since October 2021, including a whopping Rs 557 crore earned during a one-month-long campaign in October this year. The report says an astounding number of 96 lakh physical files have been weeded out in central government offices since October 2021 and nearly 355 lakh square feet of space has been freed in government offices in all. This has led to cleaned-up corridors in offices, utilisation of freed space as recreation centers and for other useful purposes.

Out of the Rs 556 crore earned by the government this year from selling scrap, nearly Rs 225 crore was earned by the Ministry of Railways alone.

The other major earners were the Defence Ministry at Rs 168 crore, the Ministry of Petroleum and Natural Gas at Rs 56 crore and the Coal Ministry at Rs 34 crore.

Out of the total space of 164 lakh square feet freed this year, the maximum space was freed in the Ministry of Coal at 66 lakh square feet and the Ministry of Heavy Industry at 21 lakh square feet, followed by the Defence Ministry at 19 lakh square feet, the report shows.

This year, nearly 24 lakh files were weeded out and the maximum was weeded out in the Ministry of External Affairs (3.9 lakh files) followed by the Department of Military Affairs (3.15 lakh files). The overall e-file adoption has grown to nearly 96% in the government due to the impact of the cleanliness campaign. Nearly 2.58 lakh office sites were covered in the campaign this year.

 

[ListenLittleMan]

Is our export growth broadbased?

India must focus on labour-intensive exports, diversify services exports and be guarded on FTAs

www.thehindubusinessline.com

India’s GDP is significantly influenced by international trade, with exports and imports combined accounting for over 43.1 per cent of the GDP in 2023. Remarkably, exports account for 20.5 per cent, indicating that one-fifth of the Indian economy is globally competitive and Indian exporters have outperformed global competitors to secure export orders

India’s trade performance mirrors the global trend of a 5 per cent decline (as per Unctad’s Global Trade Update). According to China Customs data, it aligns with China’s 5.2 per cent drop in merchandise exports during January-November 2023.

At the product level, the variance was stark. Products that constituted the majority (78 per cent) of India’s merchandise exports faced negative growth. Essential products in this category include Engineering Goods, Chemicals, Gems and Jewellery, Readymade Garments, Plastic, Marine Products, Leather, and Tea.

The main reason for the decline is competition from low-cost countries like Bangladesh and Vietnam. The decline happened despite the Rupee depreciating by 6 per cent against the US Dollar between June 2022 and June 2023.

The current WTO Agreement on Agriculture (AoA) places restrictions on India’s ability to maintain and purchase foodgrains at administered prices, a crucial aspect of ensuring food security for its population. India advocates for a permanent exemption, akin to the “peace clause” temporarily agreed upon at the Bali Ministerial Meeting in 2013.

What is this actually if someone knows ?

 

[RoaringTigerHiddenDragon]

Going by new home sales, Delhi, Mumbai, Bengaluru, Pune, Hyderabad continue to be the top tier metros in India. I think it is fairly certain now that these metro areas are going to be the top 5 Indian cities driving economic growth substantially. They account for 91% of all home sales. Better get each of these cities to become $500 billion gdp per city. These cities each need at least $50 billion per year metro area budgets, preferably $100 billion each. Get these cities listed for private capital raise in municipal bonds, get revenues from alternate streams etc. All these 5 metro areas should have infrastructure matching Delhi NCR levels. And made global cities to live and work in.

Tier 2 metros like Chennai, Kolkata, Ahmedabad, Chandigarh tri city, Surat, Lucknow-Kanpur need to be targeted next to act as regional magnets
Then Tier 3 state capital cities, followed by Tier 4 district headquarters and large population cities. Need to get to a good urban sophistication in all these cities by 2030. This is a must.

https://www.constructionweekonline.in/business/housing-sales-hit-fresh-peak-in-2023-top-7-cities-see-31-yearly-growth-anarock

 

[Kumata]

Going by new home sales, Delhi, Mumbai, Bengaluru, Pune, Hyderabad continue to be the top tier metros in India. I think it is fairly certain now that these metro areas are going to be the top 5 Indian cities driving economic growth substantially. They account for 91% of all home sales. Better get each of these cities to become $500 billion gdp per city. These cities each need at least $50 billion per year metro area budgets, preferably $100 billion each. Get these cities listed for private capital raise in municipal bonds, get revenues from alternate streams etc. All these 5 metro areas should have infrastructure matching Delhi NCR levels. And made global cities to live and work in.

Tier 2 metros like Chennai, Kolkata, Ahmedabad, Chandigarh tri city, Surat, Lucknow-Kanpur need to be targeted next to act as regional magnets
Then Tier 3 state capital cities, followed by Tier 4 district headquarters and large population cities. Need to get to a good urban sophistication in all these cities by 2030. This is a must.

https://www.constructionweekonline.in/business/housing-sales-hit-fresh-peak-in-2023-top-7-cities-see-31-yearly-growth-anarock

insane home prices are not the correct way to classify these IMO, we all know why home prices are inflating in these cities... wait for bubble to burst shortly... 2024 will be crucial IMO... still almost all black is locked in these projects.. there is a reason why all companies suddenly started asking people tp be back in office despite saving so much in costs & recent push to clear old builder dues and provide relief to builders... At least in NCR.. read about amitabh kant commitee report

 

[ym888]

Do enlighten us how? China doesn't have access to EUV equipment. They have used DUV equipment to produce 7nm chips. But this is not scalable using DUV. The yields will be worse and not worth the trouble. Samsung has all the access to technology with regards to Chip equipment. Yet, even they have struggled with yield and manufacturing of cutting edge nodes.

10 years ago Apple chips were made by Samsung however they were plagued by overheating issues. That is why Apple went with TSMC.

Apple rethinking Samsung chip partnership, say sources

Apple appears to be in the process of shifting chip production from Samsung to Taiwan Semiconductor Manufacturing Company.

www.cnet.com

https://www.businessinsider.in/apple-has-reportedly-decided-who-will-make-the-iphone-7s-processor-and-samsung-is-losing-out/articleshow/50946632.cms

3nm chips can also be achieved using DUV

Blacklisted Chinese chipmaker SMIC is working on 3nm process technology despite US sanctions that limit access to advanced tools: Report

3nm without EUV?

www.tomshardware.com

 

[MuffleParch]

I expected India in this list:

 

[Azaad]

https://www.business-standard.com/economy/news/bulk-drug-imports-from-china-up-1-7-in-fy23-growth-slowing-down-123101700940_1.html

Deepak Jotwani, senior analyst, ICRA had told Business Standard in April that through the API scheme, India's dependence on Chinese imports should reduce by 25-30 per cent in the next 4-5 years.

I was under the impression we'd either cease importing API's from China or it'd be down by 70-80% .

 

[RoaringTigerHiddenDragon]

I was under the impression we'd either cease importing API's from China or it'd be down by 70-80% .

APIs are basic chemicals and highly polluting. This means the chances of land, air, and water pollution is quite high. Given India’s environment laws, it is going to take a while to scale.

 

[RoaringTigerHiddenDragon]

insane home prices are not the correct way to classify these IMO, we all know why home prices are inflating in these cities... wait for bubble to burst shortly... 2024 will be crucial IMO... still almost all black is locked in these projects.. there is a reason why all companies suddenly started asking people tp be back in office despite saving so much in costs & recent push to clear old builder dues and provide relief to builders... At least in NCR.. read about amitabh kant commitee report

This data is based on sales of top brand builders. I dont think tge sales volumes are excessive. I think they can be higher as many buildings gain completion and OC. Prices are high because construction costs are high due to high building material prices. This is not a situation that will lead to a price crash.

 

[Concard]

3nm chips can also be achieved using DUV

Blacklisted Chinese chipmaker SMIC is working on 3nm process technology despite US sanctions that limit access to advanced tools: Report

3nm without EUV?

www.tomshardware.com

Right. ASML, Intel, Samsung, TSMC are all fools to use EUV lithography to make chips below 14nm. I mean how stupid they must be to use EUV when DUV can do the job. Morons now are getting even advanced Lithographic equipment named "High Numerical Aperture Extreme Ultraviolet" to make chips below 3nm. But hey China has figured out the extreme complexity of making chips all with just DUV.

Do you even know how many times they have to do patterning just for 7nm with EUV? Do you know the precision required to pack more transistors in the same amount of space or mm2 area of space for a 3nm? If it helps you sleep better at night you can believe anything Chinese media puts out in the public domain. And before you post something to prove your point, read the article. The article clearly states the limitations of DUV. Yes, you can make a chip with DUV below 10nm. How long does it take? What will be the final cost? What will be the yield? And how will the end product perform in the real world?