Indian Economy: News and Discussion

[Tejbrahmastra]

 

[jai jaganath]

Google Pixel phones might soon be made in India as company reportedly partners with Dixon Technologies https://www.businesstoday.in/techno...ers-with-dixon-technologies-430468-2024-05-22

 

[ezsasa]

RBI's record dividend of ₹2.11 trillion to help Centre's FY25 fiscal deficit, lower bond yields

RBI's record dividend of ₹2.11 trillion to help Centre's FY25 fiscal deficit

The Reserve Bank of India has announced a record dividend of ₹2.11 lakh crore to the Government of India for the financial year 2023-24.

www.livemint.com

 

[FalconSlayers]

Modi hu Akbar

 

[Haldilal]

Ya'll Nibbiars World Cities Start Up Ranking. Reprised that Mumbai ranked higher than Bengaluru. Mumbai didn't even had a Unicorn till December, 2019.

 

[shade]

Google Pixel phones might soon be made in India as company reportedly partners with Dixon Technologies https://www.businesstoday.in/techno...ers-with-dixon-technologies-430468-2024-05-22

25-30% of the production will be exported it seems.
I was expecting them to make it primarily for export, don't think Pixel will move enough volumes in just India to justify local assembly in the market of OnePluses, Apple and Samsung

 

[Freedom Thru Firepower]

 

[Haldilal]

Ya'll Nibbiars

1 .

Suzlon shares hit 5% upper circuit after 402 MW order win, its first in over two months - CNBC TV18

The last order that Suzlon had disclosed to the exchanges was on March 7 this year and was also from Juniper Green Energy.

www.cnbctv18.com

2 .

https://www.datacenterdynamics.com/en/news/digital-edge-breaks-ground-on-navi-mumbai-campus-in-india/

3 .

Ericsson evaluates exporting telecom equipment from India - ET Telecom

Under the "Make in India" programme, Ericsson earlier used to export 5G-ready telecom equipment from its manufacturing facility in Pune, Maharashtra, to markets in Southeast Asia.

telecom.economictimes.indiatimes.com

4 .

Maharashtra Seamless shares jump over 7% on bagging ₹674-crore order from ONGC

In filing to the stock exchanges, the Maharashtra Seamless Ltd informed that the order will be dispatched gradually within a period of 44 weeks.

upstox.com

5 .

Made-in-India two-wheeler exports finally on the upswing | Autocar Professional

What is heartening is that the reviving two-wheeler export growth story is benefiting all the major OEMs, which augurs well for India Two-Wheeler Inc.

www.autocarpro.in

6 .

Plan to revive Dabhol plant in the pipeline

The plan involves using some of the money in the National Electricity Fund to run the project for three months to see if it is viable

www.livemint.com

7 .


8 .


9 .

Volkswagen in advanced talks for passenger car partnership in India, CFO confirms - ET Auto

Volkswagen India: Antlitz highlighted India's significant market potential and strategic importance amidst growing regulatory uncertainties between the U.S. and China. He noted that India could present a valuable opportunity for Volkswagen, particularly given the risks associated with the...

auto.economictimes.indiatimes.com

10 .

Japan’s Exedy Corp to invest in EV firm Omega Seiki

Exedy Corporation invests in Omega Seiki for electric mobility solutions in India, aiming to promote electrification and carbon neutrality.

www.thehindu.com

11 .

L&T Realty inks pact for joint development of 12.2-acre land parcel in Thane - The Economic Times

The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project.

m.economictimes.com

12 .

India Exports Over 45,000 Tonnes Onion After Lifting Ban

The country is providing much-needed relief to farmers amidst curbs aimed at stabilizing domestic supplies ahead of general elections.

krishijagran.com

 

[Tejbrahmastra]

Direct impact of PLI scheme!!

 

[Tejbrahmastra]

 

[Jimih]

Not smart

 

[ezsasa]

somewhere in this interaction, surjit bhalla says unemployment rate in the age group above 30 years of age is around 1%. this data point is not in common public knowledge, and it does not appear in periodic reports that mospi releases since their data is of age group 15 years above.

 

[Azaad]

 

[Tejbrahmastra]

 

[Azaad]

Swaminathan Aiyar wonders how RBI managed to give Rs 2.1 lakh cr dividend to govt, says it will make a huge difference to July Budget

Finance Minister aims to reduce fiscal deficit from 5.8% to 4.5% in two years, relying on non-revenue RBI transfer. This strategy facilitates reaching 5.1% deficit this year. Challenges remain in sustaining revenue deficit reductions alongside fiscal targets. Aiyar says it is not very clear at...

m.economictimes.com

 

[jai jaganath]

View attachment 254530

Folks is there any source that when will jlr start actual manufacturing as it's only assembling currently
I mean from when will they start parts wise localisation in the respective cars

 

[thebakofbakchod]

Heatwave effect: From AC to refrigerator, sales of summer products peak

Heatwave in India: Consumers are flocking to purchase home appliances that bring respite from scorching heat as temperatures soar across the country.

www.businesstoday.in

AC sales are balooning thanks to this unlivable heatwave and this is with 28% gst. But i hope the ones buying on financing are not taking debt to purchase an AC. Our economy cannot handle an American style debt-fueled consumption grwoth.

 

[notaname]

Heatwave effect: From AC to refrigerator, sales of summer products peak

Heatwave in India: Consumers are flocking to purchase home appliances that bring respite from scorching heat as temperatures soar across the country.

www.businesstoday.in

View attachment 254628

AC sales are balooning thanks to this unlivable heatwave and this is with 28% gst. But i hope the ones buying on financing are not taking debt to purchase an AC. Our economy cannot handle an American style debt-fueled consumption grwoth.

Yesterday bought 2 AC's for one of my friend, the AC stocks in city is too low and demand is too high.

The prices have shoot up considerably there is dearth of guys to install and even AC's on display are being delivered this is mainly for medium price range.

 

[jai jaganath]

boAt co-founder Aman Gupta hails 'Ghar Wapsi' as companies shift manufacturing back to India - CNBC TV18

He noted that the trend of manufacturing moving away from India in past decades is now reversing. "Never thought companies and brands like us would ever want to manufacture in India," he added, expressing his optimism about this shift.

www.cnbctv18.com

Irony died a thousand deaths

 

[shade]

boAt co-founder Aman Gupta hails 'Ghar Wapsi' as companies shift manufacturing back to India - CNBC TV18

He noted that the trend of manufacturing moving away from India in past decades is now reversing. "Never thought companies and brands like us would ever want to manufacture in India," he added, expressing his optimism about this shift.

www.cnbctv18.com

Irony died a thousand deaths

This company does jhumla of make in India but most of their stock comes from bat-soup-country.
Most other companies, fearful of fondling by agencies and milauds for lying, say the truth instead.