Indian Economy: News, Updates and Discussions

[DDG-80]

Dixon signs deal to make laptops, PCs for HP

Dixon Technologies has signed an MoU with HP India to manufacture laptops, desktops, and all-in-one PCs under its subsidiary Padget Electronics. This partnership will operate under the production-linked incentive scheme (PLI 2.0), enhancing HP's portfolio of domestically manufactured products in...

economictimes.indiatimes.com

Maruti Suzuki India to export EVs to Europe, Japan soon

Maruti Suzuki India plans to export high-specification electric vehicles with a range of 500 km, powered by a 60 kWh battery. The company aims to increase customer confidence by offering multiple EV products and after-sale support. They also plan to develop biofuel and hydrogen models to combat...

economictimes.indiatimes.com

Indian Auto Industry Crosses Rs 20 Lakh Cr, Contributes 14-15% GST

India's auto industry surpassed Rs 20 lakh crore in FY24, contributing 14-15% to total GST. SIAM President highlights industry's growth and future plans.

money.rediff.com

 

[DDG-80]

Reliance Industries wins 10 GWh ACC capacity under PLI scheme for battery manufacturing - CNBC TV18

Shares of Reliance Industries Ltd ended at ₹3,029.80, up by ₹10.20, or 0.34% on the BSE.

www.cnbctv18.com

Govt receives investment proposals worth ₹75,000 crore under auto PLI scheme

The government has received investment proposals worth around ₹75,000 crore under the auto PLI scheme, of which close to ₹18,000 crore has already been invested.

auto.hindustantimes.com

https://www.business-standard.com/industry/news/pli-scheme-boosts-ac-industry-localisation-doubles-in-two-years-124090400761_1.html

 

[Circadian Rhythm]

https://twitter.com/x/status/1834138238207803397

https://twitter.com/x/status/1834190702399336571

 

[CallSignMaverick]

India To Have Over 50 World Trade Centres In Next 5-7 Years | WTCA On The India Opportunity​

https://www.livemint.com/videos/india-to-have-over-50-world-trade-centres-in-next-5-7-years-wtca-on-the-india-opportunity-11720422194655.html

 

[DDG-80]

India's forex reserves touch an all-time high of $689.24 bn as of Sept 6

India's forex reserves reached a new all-time high of $689.24 billion for the week ending August 30, as reported by the Reserve Bank of India. Foreign currency assets increased by $5.10 billion to $604.1 billion, while gold reserves rose by $129 million to $61.98 billion. The RBI intervenes in...

economictimes.indiatimes.com

 

[Circadian Rhythm]

https://twitter.com/x/status/1834604885939028055

 

[agidest]

https://twitter.com/x/status/1834604885939028055

This is good to hear. India is severely lacking in mega ports. Glad to see Indian private companies making a difference.