India Economy Thread

[JaneBhiDoYaaron]

Somehow we need to promote solar panels for small houses, and business..

But it is still very costly, once it will available with affordable prices, might people will start using it..

That is already being taken care of with the Modi announcing subsidies for residential solar is going to skyrocket in next year as long as Modi comes to power with good majority otherwise going back to dark days.

 

[Circadian Rhythm]

 

[Circadian Rhythm]

 

[vikNerv]

What is the stated max celing for the prototypes and when are they expecting to test max altitude? Anyone have any info? 25k feet isnt impressive at all tbh, but i understand its just a scaled prototype testing.

 

[CallSignMaverick]

Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months

Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of...

economictimes.indiatimes.com

Two-wheeler makers ride high on record sales of branded spare parts

Royal Enfield, Bajaj Auto, and Hero MotoCorp saw record revenue in FY24 from branded parts and accessories sales, driven by a preference for branded spares. Revenue growth was boosted by premium models like Xpulse and Splendor motorcycles. Hero MotoCorp plans to expand its Global Parts Centre to...

economictimes.indiatimes.com

L&T Finance aims at 25% CAGR, retail lending in focus

L&T Finance Ltd aims for a 25% compound annual growth rate (CAGR) in the coming years, focusing on strengthening its retail lending business. The financial services arm of Larsen & Toubro plans to exit the wholesale segment entirely by 2026, becoming a 100% retail non-banking financial company...

economictimes.indiatimes.com

Dixon signs pact with Acerpure to make consumer appliances

The partnership comes after Dixon started making notebooks for the Taiwanese company since the first version of the production-linked incentive scheme for IT hardware was rolled out in 2021.

economictimes.indiatimes.com

 

[CallSignMaverick]

WOW!!!


Mahindra and Mahindra investing $5 billion in capex











Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report

Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report

The slated connection of the dedicated freight corridor to Jawaharlal Nehru Port in FY26, along with capacity additions by ports, is expected to drive growth in container volume over the medium term, it added.

economictimes.indiatimes.com

Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD

Dixon Technologies, an Indian contract manufacturer, has secured Realme, a Chinese smartphone brand, as a new client. They intend to commence production of display modules for mobile phones, tablets, and notebooks, with a targeted capital expenditure of $30 million, excluding costs related to...

economictimes.indiatimes.com

PC market grows 2.6% in Jan-March quarter, aided by govt orders: IDC

Laptop and desktop sales in India have grown by 2.6% in Q1 2024, driven by large government procurements and improved consumer sales, according to a report by International Data Corporation. The PC market recorded 3.07 million shipments in January-March, up from 2.99 million in the previous...

economictimes.indiatimes.com

Govt looks to change base year for major economic gauges to FY23, revamp of key datasets also being planned

Govt looks to change base year for major economic gauges to FY23, revamp of key datasets also being planned

The base year provides a reference point for measuring changes in economic variables and comparing relative performances of indicators over time. For instance, real gross domestic product (GDP) growth is currently calculated with reference to FY12 prices.

economictimes.indiatimes.com

 

[CallSignMaverick]

Meet The 19 Semiconductor Startups Powering India's Technological Prowess

At a time when India's semiconductor ecosystem is gaining substantial momentum, we compiled a list of leading companies that will be remembered in the times to come

inc42.com

Tata Motors crosses USD 50 billion mark in annual turnover | Autocar Professional

Tata Motors became the first domestic automaker to breach the USD 50 billion mark in annual turnover. Tap for more

www.autocarpro.in

 

[CallSignMaverick]

International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25

Apple exports a bulk of its total India production. In FY24, Apples total production in India touched $14 billion (Rs 1.2 lakh crore). The companys exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial...

economictimes.indiatimes.com

India's coal import rises 8% to 268 MT in FY24

India's coal import surged by 7.7% to 268.24 MT in FY24, driven by lower seaborne prices and anticipated rise in power demand during summer. March FY24 saw an increase to 23.96 MT. Non-coking coal import was 15.33 MT, while coking coal import stood at 5.34 MT. Domestic coal production in FY24...

economictimes.indiatimes.com

Flipkart: Exclusive: Flipkart maps India redux; talks on to shift domicile from Singapore - The Economic Times

Flipkart aims to move domicile from Singapore to India for an IPO. Talks gain impetus for largest local consumer internet company to reverse flip to India. Walmart owns 85%.

economictimes.indiatimes.com

Asset quality issue at Indian banks subsiding, boosting banks' appetite for growth: Fitch

Fitch Ratings highlights Indian banks' risk appetite and loan growth, improving creditworthiness despite asset quality pressures.

www.thehindu.com

Medical Devices Park Gets Proposals From 28 Industries | Indore News - Times of India

Indore: Medical Devices Park in Ujjain has received investment proposals of more than Rs 1,400 crore from 28 industries till date from various medical.

timesofindia.indiatimes.com

Veira to invest Rs 450 cr on new unit to hike air coolers, washing machines production capacity

Veira invests Rs 450 crore in a Greater Noida manufacturing unit to boost air cooler and washing machine production, aiming for increased revenue by FY25. The company serves multiple brands domestically and internationally across its Noida facilities.

economictimes.indiatimes.com

Veira Group to invest Rs200 crore to expand TV manufacturing capacity

The company claims it can now make 4 million LED TVs every year, up from the current capacity of 1 million

www.livemint.com

Vardhman announces Rs. 2000 crore investment in capacity expansion, Forays into Technical Textiles Manufacturing - The Textile Magazine

Vardhman has recently approved a significant enhancement and modernization plan for its existing Spinning and Fabric Business. This initiative, backed by a substantial capital outlay of approximately Rs. 2,000 crore,…

www.indiantextilemagazine.in

April brings good news: Consumer goods cos winning majority votes during polls

Steady demand for consumer goods prevails despite election season disruptions, with notable sales spikes in cooling appliances, small food packs, and traditional snacks. Retailers face challenges due to store closures on voting days.

economictimes.indiatimes.com

 

[CallSignMaverick]

Indian stocks to get $2.5 billion boost as MSCI rejigs index - Times of India

India Business News: MSCI index rejig to increase India's weight to 19% by month-end, attracting $2.5 billion in foreign investments. Nuvama Research notes India's net fun

timesofindia.indiatimes.com

India’s general insurance sector projected to reach $57.3 billion by 2028​

India’s general insurance sector projected to reach $57.3 billion by 2028

Forecasts outlined for PA&H, motor, and property business lines

www.insurancebusinessmag.com

 

[Circadian Rhythm]

@DDG-80

 

[DDG-80]

 

[CallSignMaverick]

Siemens India to invest 1,000 Cr for manufacturing expansion

Siemens India plans spending an estimated INR 1,000 Crore over the next 2 years to expand 4 facilities in India.

media.biltrax.com

Deesawala sets up new factory in Hyderabad

Hyderabad: Deesawala Rubber Industries, a manufacturer of rubber products, on Thursday said that it has set up its fourth manufacturing unit near Medchal with an investment of `40 crore. The...

www.deccanchronicle.com

 

[CallSignMaverick]

JSW to invest $2.3 billion in capacity expansion on its Dolvi plant





TATA Motors to invest $5 billion in CapEx this year






Attero to invest $1 billion in battery recycling plant

Attero plans to invest over Rs 8,000 crore in 5 years to ramp up e-waste, battery recycling capacity

"In the next five years, we will obviously be investing roughly around USD 1 billion overall, including all forms of capital -- debt, equity and sort of other non-diluted forms of capital," CEO and Co-Founder Nitin Gupta said.

economictimes.indiatimes.com

 

[Soldier35]

Tests of the Russian T-90S tank in India in 1999. Archival footage of the Russian Uralvagonzavod. Tests on May 17, 1999 in India of the Russian T-90S tank. It was a difficult time for the plant at that time; one might say that the contract with India saved the plant. In 1997, India showed interest in the T-90S tank. But India needed a tank with a 1000-horsepower engine and a thermal imaging sight. At that time, the Russian tank did not have the required characteristics, but the adaptation of the tank and the revival of production took place in the shortest possible time at Uralvagonzavod. Tests were carried out in the Thar desert, each tank traveled more than 2000 kilometers. The V-92S2 "ChTZ-Uraltrak" diesel engine demonstrated phenomenal endurance. The tests were completed successfully. In the early 2000s, 124 tanks went to India in finished form and another 186 in the form of vehicle kits. And in 2004, the first Indian-assembled T-90S tank was released.

 

[JaneBhiDoYaaron]

Bull run continues! Indian equity markets hit $5 trillion market cap; $1 trillion wealth added in less than 6 months.

https://timesofindia.indiatimes.com...-less-than-6-months/articleshow/110300027.cms