Indian Economy

[haldilal]

1 .

Bajaj Housing Finance Rs 7,000 Crore IPO To Hit Dalal Street In September; All Investors Need To Know

As the month of September approaches, all eyes are on the upcoming initial public offering (IPO) of Bajaj Housing Finance, one of Indias leading non-deposit-taking housing financiers. A subsidiary of Bajaj Finance Ltd, Bajaj Housing Finance is set to make its much-anticipated debut on the stock...

www.goodreturns.in

2 .

L&T Semiconductor, C-DAC Partner to Boost Indigenous Semiconductor Innovation

Pune: L&T Semiconductor Technologies (LTSCT), a leader in indigenous semiconductor design and development, has signed a Memorandum of Understanding (MoU) wi

www.thebridgechronicle.com

3 .

Exclusive | Mazagon Dock Shipbuilders poised for a major export deal with Brazil; parts and full submarines on the cards

Last year, MDL constituted a committee to assess the company’s potential in the global market. The committee provided an overview of expected export opportunities, and this prospective deal with Brazil aligns with those projections.

www.zeebiz.com

4 .

Mahindra & Skoda VW poised for 50:50 EV joint venture: Focus on battery-powered SUVs

Mahindra & Mahindra and Skoda Auto Volkswagen India are finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms, focusing on electric SUVs for both Indian and international markets. The partnership will use facilities in Chakan, Pune, for production. An announcement is...

economictimes.indiatimes.com

5 .

BGauss RUV350 Production Commences

BGauss RUV350 Production Commences

ackodrive.com

6 .

Emitec's Metallic Venture Ignites in Pune

Emitec Technologies India Pvt. Ltd. is set to make a significant investment with its new metallic substrate project in Baner, Pune, Maharashtra. With a total project cost of ₹230 crores, this ambitious initiative aims to enhance the company's production c

projxnews.com

7 .

JSW Neo bags LoA for 200-MW wind, solar hybrid in Maharashtra

India’s JSW Neo Energy Ltd has secured a letter of award (LoA) to set up a 200-MW wind and solar hybrid power project in the state of Maharashtra, its pare

renewablesnow.com

8 .

Visiontech to Build Rs 135 Cr Heavy Machinery Plant in Pune

Visiontech Engineering Pvt. Ltd. has unveiled plans for a major new development with its ₹135 crore heavy machinery project in Chakan, Maharashtra. Spanning 6.42 acres, this ambitious project is set to enhance the company’s production capabilities and sup

projxnews.com

9 .

Apex Engineers Pumps ₹113 Cr into Pune Plastic Plant

Apex Engineers has announced a major investment of ₹113 crore for a new plastic moulded parts manufacturing project in the Chakan Phase-II Industrial Area of Pune. The state-of-the-art facility will span 0.89 acres and is set to significantly enhanc

projxnews.com

10 .

MIDC : लेदर क्लस्टर प्रोजेक्टसाठी पहिल्या टप्प्यात 700 कोटींचे इन्फ्रास्ट्रक्चर; लवकरच टेंडर

मुंबई (Mumbai) : रायगड जिल्ह्यातील रातवड येथे पादत्राणे आणि चर्मोद्योग समूह विकास प्रकल्पाची (मेगा लेदर फूटवेअर आणि क्लस्टर प्रकल्प) उभारणी केली जाणार आहे. केंद

www.tendernama.com

11 .

Mumbai property market sees 8% surge in August; Rs1,072 crore stamp duty revenue marks 32% YoY growth: Knight Frank - Times of India

India Business News: In August 2024, Mumbai recorded 11,735 property registrations, generating Rs 1,072 crore in stamp duty revenue, an 8% rise in registrations and a 32%

timesofindia.indiatimes.com

12 .

Seven IPOs worth Rs 11,000 crore to flood Dalal Street next week

MUMBAI: Seven companies including Bajaj Housing Finance, debt arranging platform Northern Arc and jewellery player PN Gadgil Jewelers are hitting the primary ca

www.newindianexpress.com

 

[hurrians]

"Imports of inputs used for making toys is much higher than import of finished toys. For example, we imported glass eyes for dolls or other toys, beads and imitation stones of value $137.2 million in FY'2024," Srivastava said."

www.ndtvprofit.com/amp/business/biz-toy-exports

GTRI gives detailed insight into trade trends, good to have such analysis to catch screwdrivergiri and improve.

 

[hurrians]

https://www.business-standard.com/economy/news/chinese-import-of-goods-like-umbrellas-toys-hurting-indian-msmes-gtri-124090100486_1.html

 

[Roshan]

 

[Hari Sud]

View attachment 8226

Probably true that some structural changes are essential before the Indian economy grows at 10 to 12%. The author forgets that all the structural changes suggested are possible with only constitutional amendments. Without full 2/3 majority these changes cannot be implemented. That is why BJP was shooting for 400+ in Parliament. That did not happen. Over confident Modi/Shah forgot that the opposition parties have abundance of political money and can mount a disinformation campaign, which they did in UP and Karnataka and the BJP lost heavily. They did not get the majority and are dependent on allies of which one ally from Bihar is most untrustworthy. He has changed sides twice before. Therefore BJP have to live with whatever Modi has got.

 

[Roshan]

View: https://twitter.com/FinFloww/status/1829497956862423285

View: https://twitter.com/btarunr/status/1829525657887609009


View: https://twitter.com/btarunr/status/1829528803779178945

 

[haldilal]

Ya'll The unnamed championship of Indian Marine Industry. The pure largest Matinance Yard.


View: https://twitter.com/haldilal/status/1830538659084574917


View: https://twitter.com/haldilal/status/1830539397348962314

 

[Vinash]

We have a long way to go.

Imagine being so poor that you spend 50% of consumption expenditure just on food.


View: https://x.com/ShamikaRavi/status/1830545747001106684

 

[FalconSlayers]

We have a long way to go.

Imagine being so poor that you spend 50% of consumption expenditure just on food.


View: https://x.com/ShamikaRavi/status/1830545747001106684

Looks like another statistical garbage that doesn't pass the smeII test.

 

[Nutcracker]

Looks like another statistical garbage that doesn't pass the smeII test.

It's percentage relative to consumption expenditure, not disposable income. For China its 30% of C.E. so it probably accurate .

Still seems too high for us, considering poor get plenty of grains for very cheap at ration shops. But looks like they don't spend much on other things unlike what govt might've expected them to.

 

[londonparistokyo]

We have a long way to go.

Imagine being so poor that you spend 50% of consumption expenditure just on food.


View: https://x.com/ShamikaRavi/status/1830545747001106684

Need to invest in high quality DHA supplementation and iodization of water

 

[haldilal]

Ya'll The Quarter FDI Inflow for FY 25.

 

[Miss Firing]

https://www.livemint.com/news/india/preconsultation-cop29-cbam-bhupendra-yadav-unfccc-gdp-eu-11725255868169.html

Can we make the CBAM work for India?

The paired themes of economic security and economic decarbonisation took centre stage among policymakers around the globe.

www.orfonline.org

The unilateral implementation of CBAM threatens to accentuate power imbalances, with industrialised nations having largely depleted the carbon budget with complete impunity, now exerting their influence over emerging economies with varying levels of development without the wherewithal or influence in the global order. This is especially poignant given that India has yet to reach its peak emissions before transitioning to a net-zero economy.

 

[Suryavanshi]

View attachment 8292

https://www.livemint.com/news/india/preconsultation-cop29-cbam-bhupendra-yadav-unfccc-gdp-eu-11725255868169.html

View attachment 8293

Can we make the CBAM work for India?

The paired themes of economic security and economic decarbonisation took centre stage among policymakers around the globe.

www.orfonline.org

The unilateral implementation of CBAM threatens to accentuate power imbalances, with industrialised nations having largely depleted the carbon budget with complete impunity, now exerting their influence over emerging economies with varying levels of development without the wherewithal or influence in the global order. This is especially poignant given that India has yet to reach its peak emissions before transitioning to a net-zero economy.

We should really go to implement colonial Reparations tax. Europeans utilized resources around the world and when they feel comfortable they go on to imposes imaginary taxes on countries that are on their way to industrialization.

 

[shuturmurg]

Good talk on trends in indian economy :


View: https://www.youtube.com/watch?v=4LTUY4KzEOw

 

[SKC]

View: https://twitter.com/FinFloww/status/1829497956862423285

View: https://twitter.com/btarunr/status/1829525657887609009


View: https://twitter.com/btarunr/status/1829528803779178945

I read our old fellow DFIan, Tarun Raju's tweets mostly criticizing various action o Govt.

Here also many invalid points -
CNG is not hard to maintain and last equally long as a Petrol/Diesel.
A bulk of three-wheeler intracity transport vehicles have moved to EV options particularly in NCR. Noida-Gr.Noida is now filled with EV version of these, and they are performing really well and saving good money for the owners.

Only correct point is vilifying of Diesels by Gadkari due to his personal involvement in Ethanol business. Diesel engines are high efficiency, and their efficiency increases with increase in size of engine rather than declining as in Petrol engines and Diesels last really long. With regular maintenance they can cross 250K KM in India easily in case of cars and goes beyond 10Lac KM in case of buses, trucks, etc.​

 

[Cheepek]

This ethanol policy needs a serious review

https://www.reuters.com/markets/commodities/ethanol-push-turns-india-into-corn-importer-shaking-up-global-market-2024-09-04/

 

[Cheepek]

SEBI chief is getting attacked from all sides all of a sudden. Worse is that the attacks are so juvenile. It's clear the aim is to scandalise her.

SEBI Officials Alert FinMin Of 'Toxic' Work Culture Under Madhabi Buch Leadership

This update comes amid ongoing controversies involving SEBI Chairperson Madhabi Puri Buch, who is under scrutiny for alleged conflicts of interest related to the regulator's Adani inquiry

news.abplive.com

 

[ezsasa]

This ethanol policy needs a serious review

https://www.reuters.com/markets/commodities/ethanol-push-turns-india-into-corn-importer-shaking-up-global-market-2024-09-04/

In the first half of this calendar year 2024 India's corn imports surged to 531,703 tons from just 4,981 tons a year earlier

value wise 5.5 lakh tonne at 220 $ would be about 1000 crores or 120 million $, not a biggie as such.
and for past few years, ethanol producers have been allowed to pick up rice stock from FCI as well.

this FCI sale news caught my eye few days back, initially i thought this is happening for the first time, but apparently it's been going on for a few years.

https://timesofindia.indiatimes.com...garcane-juice-syrup/articleshow/112904424.cms

this played out in U.S in their ethanol supply chain, is beginning to play out here as well

Normalizing corn price impacts by the change in corn ethanol volume, we find that each billion gallon expansion in ethanol production yields a 2-3 percent increase in corn prices on average across studies.

Working Paper: Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence | US EPA

This is a working paper titled "Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence"

www.epa.gov

 

[Cheepek]

value wise 5.5 lakh tonne at 220 $ would be about 1000 crores or 120 million $, not a biggie as such.
and for past few years, ethanol producers have been allowed to pick up rice stock from FCI as well.

this FCI sale news caught my eye few days back, initially i thought this is happening for the first time, but apparently it's been going on for a few years.

https://timesofindia.indiatimes.com...garcane-juice-syrup/articleshow/112904424.cms

this played out in U.S in their ethanol supply chain, is beginning to play out here as well

Working Paper: Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence | US EPA

This is a working paper titled "Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence"

www.epa.gov

Importing corn for producing government subsidised ethanol is a big red flag. Subsidy itself is a major market distortion. Add to that, one of the main goals of ethanol blending is to cut costs of importing fuel, thereby saving some $$$. Buying corn in $$$ negates even that goal.

Importing cheaper corn from open market for public consumption to deflate local corn prices is welcome, but importing for a government subsidised commodity? Big problem. Only a small select group of people are making money at the cost of others.