Indian Economy

[haldilal]

1 .

PPDS begins manufacturing Philips Professional Displays in India for the first time – aligned with ‘Make in India’

Open2 local for local: The expansion of PPDS’ global manufacturing into Mumbai continues the company’s ‘local for local’ commitment, supporting partners, local communities – creating approximately 400 jobs – and end customers, while being better alig

orissadiary.com

2 .

Valor Estate and Macrotech in pact for Mumbai Residential project

According to the agreement, Valor Estate will receive up to 18% of excess net revenue, in addition to Rs 100 crore towards the land cost. Valor and Macrotech will look at exploring more projects in Mumbai as per this framework, sources said.

www.businesstoday.in

3 .

Maha regained industry-friendly recognition during MahaYuti govt: CM

Mumbai, Jul 12 (IANS): Maharashtra Chief Minister Eknath Shinde on the concluding day of the monsoon session on Friday slammed the opposition for blaming the state government for a flight of investments and the slow pace of development. The Chief Minister in his reply to the debate on the...

daijiworld.com

4 .

How Akasa Air Launches Daily Direct Flights from Mumbai to Abu Dhabi - Travel And Tour World

Akasa Air, India's rapidly expanding airline, has officially launched operations in Abu Dhabi, the capital of the United Arab Emirates

www.travelandtourworld.com

5 .

Mercedes-Benz mulls more EV assembling in India for green goals

Mercedes-Benz India began assembling its flagship electric sedan, the EQS, at the Chakan plant in October 2022. Currently, the Mercedes-Benz EQS is the only locally assembled model out of the four EVs the company sells in India – the EQA, EQB, EQE SUVs and the EQS sedan.

auto.hindustantimes.com

6 .

20 acres in Kolhapur’s Shendapark allocated for Technology Park, announces Kshirsagar | Kolhapur News - Times of India

Kolhapur's Shendapark area to host a Technology Park for local engineering companies, boosting economic growth and job opportunities. Conference on Sustainable Development highlights investment opportunities in Kolhapur for Maharashtra's trillion-dollar economy goal by 2028.

timesofindia.indiatimes.com

7 .

Three M Paper Boards IPO: Three M Paper Boards IPO opens today: Check issue size, price band, GMP and other details - The Economic Times

Three M Paper Boards IPO: Three M Paper Boards aims to raise Rs 40 crore through its SME IPO. With a potential listing gain of 46%, investors are buzzing about this opportunity in the booming paper industry.

m.economictimes.com

8 .

Tata Curvv launch on August 7 | Autocar India

Tata Curvv will be an alternative to Hyundai Creta, Kia Seltos, Maruti Grand Vitara. Tap for more.

www.autocarindia.com

9 .

Skoda in no mood to quit India: Real story of future plans explained - Times of India

Cars News: India has been a tough nut to crack for them but that has been primarily due to the brand's inability to understand the thought process of Indian buy

timesofindia.indiatimes.com

10 .

Pune Airport’s New Terminal Welcomes First Flight with EKA 9’s Green Transportation - Machine Maker

On July 14, 2024, Pune's airport transformation reached a significant milestone, with the inaugural flight departing from its new terminal. The expansion of Pune Airport, a project undertaken despite being a Defence Airport, has been eagerly anticipated by local citizens. With the digital...

themachinemaker.com

11 .

Tata Chemicals inaugurates first Livelihood, Skill Training Center in Mulshi

Pune: As a significant part of the company’s CSR intervention, Tata Chemicals Community Development arm, Tata Chemicals Society of Rural Development (TCSRD), in

www.thebridgechronicle.com

 

[FalconSlayers]

K-shaped recovery

View: https://x.com/business/status/1812746958412431581

 

[Screambowl]

The debate over India's employment data was "muddying the water," he added.

https://www.business-standard.com/amp/economy/news/official-employment-data-masks-india-s-jobs-problem-say-economists-124071000385_1.html

Every one who is in govt knows how datas are created. One data is the actual data , other is the marketing data to lure FDI. Ever heard of five year planning commission data? There are two sets one is to show the world and one is the real one.

 

[ezsasa]

Every one who is in govt knows how datas are created. One data is the actual data , other is the marketing data to lure FDI. Ever heard of five year planning commission data? There are two sets one is to show the world and one is the real one.

planning commission legacy is what is still causing the confusion, montek singh's CSEP is the one who keep creating confusion by deliberately inserting different yardsticks. their data is the one that feeds into "preferred organisations" both domestic and foreign.

for example: by reading all the news articles, no one will realise that unemployment rate in the country for age group 30 and above is 1%. had posted the official source on DFI some months ago.

 

[bakofbakchod]

So according to sources, they neither will give new PLI for component manufacturing, nor for semicon, the 2 more successful PLIs. Instead they will do khatakhat and give freebies to poor. I bet they will hike GST or import taxes even more to compensate, doing the exact opposite of what they should be doing. If i write on what should actually be done to that suvhuman pappu gandhi, i will get banned so lets leave it here

https://www.financialexpress.com/budget/finance-ministry-not-keen-on-capex-linked-subsidy-for-electronics-components-scheme-3553609/lite/

https://www.moneycontrol.com/technology/govt-unlikely-to-launch-a-second-semiconductor-subsidy-scheme-this-year-article-12769156.html

 

[concard]

So according to sources, they neither will give new PLI for component manufacturing, nor for semicon, the 2 more successful PLIs. Instead they will do khatakhat and give freebies to poor. I bet they will hike GST or import taxes even more to compensate, doing the exact opposite of what they should be doing. If i write on what should actually be done to that suvhuman pappu gandhi, i will get banned so lets leave it here

https://www.financialexpress.com/budget/finance-ministry-not-keen-on-capex-linked-subsidy-for-electronics-components-scheme-3553609/lite/

https://www.moneycontrol.com/technology/govt-unlikely-to-launch-a-second-semiconductor-subsidy-scheme-this-year-article-12769156.html

Do all us here a favor and stop quoting articles which says just "sources" or "anonymous sources". This bastard journalism of saying just "sources" is nothing but a hit job. On DFI I busted the shit about GoI giving up on DFC. The very next day GoI came out with a statement saying they will invest 2 Lakh crore into DFC to expand further into South.

 

[bakofbakchod]

Do all us here a favor and stop quoting articles which says just "sources" or "anonymous sources". This bastard journalism of saying just "sources" is nothing but a hit job. On DFI I busted the shit about GoI giving up on DFC. The very next day GoI came out with a statement saying they will invest 2 Lakh crore into DFC to expand further into South.

That DFC news might not be wrong. There has been 0 news on land acquisition on any of the proposed corridors for years. Even the existing corridors are being built at painfully slow pace (compared to greenfield highways). We will see in this budget if there is any progress

 

[abdus salem killed]

India's unexplored basins hold 22 bn barrels of oil potential; ONGC, Oil India set to deepen offshore exploration - ET EnergyWorld

ONGC: In the context of global trends, companies have intensified their focus on offshore, deepwater, and ultra-deepwater areas following major discoveries such as those by Harbour Energy and Mubadala in the North-Sumatra Basin, which have spotlighted the Andaman Sea as a critical area for...

www.google.com

@haldilal any news?

 

[FalconSlayers]

India's unexplored basins hold 22 bn barrels of oil potential; ONGC, Oil India set to deepen offshore exploration - ET EnergyWorld

ONGC: In the context of global trends, companies have intensified their focus on offshore, deepwater, and ultra-deepwater areas following major discoveries such as those by Harbour Energy and Mubadala in the North-Sumatra Basin, which have spotlighted the Andaman Sea as a critical area for...

www.google.com

@haldilal any news?

Might not be feasible enough to drill, process and distribute to retailers at similar prices, as compared to buying them from Russia and Iran or Saudi Arabia which we're mostly doing right now.

 

[darkflame]

https://www.businesstoday.in/latest...exports-crosses-200-billion-437213-2024-07-15

India hopeful to exceed $800 billion in exports this fiscal, first quarter goods exports crosses $200 billion​

 

[jaijaganath]

View: https://twitter.com/IndianTechGuide/status/1812842050343330289

 

[ezsasa]

Might not be feasible enough to drill, process and distribute to retailers at similar prices, as compared to buying them from Russia and Iran or Saudi Arabia which we're mostly doing right now.

- India is a oil producing nation, the country meets 10% of demand from domestic production.
- almost 50% of our retail price is tax, GoI has the fiscal space to absorb cost by reducing taxes even if production cost is higher. but it won't be higher than shale or russian costs. read somewhere many years ago that russia has an inefficient extraction processes hence relatively costly as compared to saudis and iran.
- couldn't find definitive number of how much it cost to extract crude oil in India. but our oil PSUs should be able to absorb the costs, since that's the point of having PSUs ie to absorb loses.

https://www.livemint.com/economy/indias-crude-oil-output-rises-7-9-to-2-3-mmt-in-february-imports-decline-6-6-yoy-ppac-11711027209242.html

 

[sameer]

Nice to see something like this coming from Bihar.

Russian Army marches with ‘Made in Bihar’ safety shoes from Hajipur

Hajipur-based Competence Exports, a private limited company, makes safety shoes for companies based in Russia and designer shoes catering to European markets.

www.hindustantimes.com

A private company called Competence Exports is making safety shoes for Russian companies and designer shoes that cater to the European markets. They also export luxury designer or fashion shoes to countries like Italy, France, Spain, and the UK.

Roy said the response has been tremendous and the company has become one of the largest exporters to Russia. They exported 1.5 million pairs last year worth ₹100 crore, and aim to increase it by 50 per cent next year. Roy only expects the export numbers to expand in future.

 

[Nutcracker]

https://www.businesstoday.in/latest...exports-crosses-200-billion-437213-2024-07-15

India hopeful to exceed $800 billion in exports this fiscal, first quarter goods exports crosses $200 billion​

Headline is incomplete.

(including goods and services)

- India is a oil producing nation, the country meets 10% of demand from domestic production.
- almost 50% of our retail price is tax, GoI has the fiscal space to absorb cost by reducing taxes even if production cost is higher. but it won't be higher than shale or russian costs. read somewhere many years ago that russia has an inefficient extraction processes hence relatively costly as compared to saudis and iran.
- couldn't find definitive number of how much it cost to extract crude oil in India. but our oil PSUs should be able to absorb the costs, since that's the point of having PSUs ie to absorb loses.

https://www.livemint.com/economy/indias-crude-oil-output-rises-7-9-to-2-3-mmt-in-february-imports-decline-6-6-yoy-ppac-11711027209242.html

https://www.livemint.com/industry/energy/ongcs-long-hunt-for-another-bombay-high-11631466439367.html

In FY21, ONGC’s production cost for crude oil was $39 per barrel

 

[ezsasa]

Headline is incomplete.

(including goods and services)

https://www.livemint.com/industry/energy/ongcs-long-hunt-for-another-bombay-high-11631466439367.html

for reference, crude oil production costs in other countries . 2014 data.

Log In - knoema.com

knoema.com

 

[haldilal]

View: https://twitter.com/haldilal/status/1813100807639675098


View: https://twitter.com/haldilal/status/1813102306692395065

 

[haldilal]

1 .

Ashok Leyland secures 'single largest order' from MSRTC; stock climbs 2%

Ashok Leyland share price: Ashok Leyland shares were last seen trading 1.56 per cent higher at Rs 227.90. At this price, the stock has risen 33.16 per cent on a year-to-date (YTD) basis.

www.businesstoday.in

2 .

Kolhapur poised as auto component manufacturing hub - India Shipping News

KOLHAPUR : Transport Minister Shri Nitin Gadkari has identified Kolhapur as having the potential to emerge as a hub for auto component manufacturing. His

indiashippingnews.com

3 .

Nielsen Media and its subsidiary lease 1.52 lakh sq ft office space in Mumbai for ₹3.87 crore per month for 10 years

Nielsen Media and its subsidiary Whats On Media have leased a 1.52 lakh sq ft office space in Commerze III, a project by Oberoi Realty, in Mumbai

www.hindustantimes.com

4 .

FUJIFILM India opens new endoscopy center in Mumbai - ET HealthWorld

Fujifilm India: The newly launched endoscopy center in Mumbai is FUJIFILM’s second largest unit. It is equipped with repair tools and technology, aimed at reducing service turnaround times and ensuring the swift delivery of repaired scopes.

health.economictimes.indiatimes.com

5 .

Hindalco Sells Land in Maharashtra to Birla Estates Subsidiary for Rs 595 Crore

Hindalco Industries will sell a land parcel in Kalwa, Maharashtra to Ekamaya Properties Pvt Ltd, a subsidiary of Birla Estates, for Rs 595 crore. The transaction is subject to regulatory approvals.

money.rediff.com

6 .

Sai Life, Northern Arc Capital to raise Rs 7,000 crore from IPOs

MUMBAI: Two companies—pharma firm Sai Life Sciences and small businesses focused non-banking credit player Northern Arc Capital--have filed the draft papers wit

www.newindianexpress.com

7 .

Vijay P. Bhatkar : ‘परम’प्रमाणेच पहिला क्वांटम संगणकही पुण्यात;ज्येष्ठ संगणक शास्त्रज्ञ डॉ. विजय भटकर यांना विश्‍वास

पुणे : देशाचा पहिला महासंगणक ‘परम’ प्रमाणेच पहिला क्वांटम संगणकही पुण्यातच विकसित होईल, असा विश्‍वास ज्येष्ठ संगणक शास्त्रज्ञ डॉ. विजय भटकर यांनी व्यक्त केला. क

www.esakal.com

8 .

Bank of Maharashtra to raise Rs 5,000 crore in equity to pare govt stake

State-owned Bank of Maharashtra is planning to raise Rs 5,000 crore in equity this year as part of a two-year strategy to pare the government stake to 75% to conform to the market regulation.

economictimes.indiatimes.com

9 .

Cummins India launches IT global competency centre in Pune

(This story has not been edited by THE WEEK and is auto-generated from a PTI

www.theweek.in

10 .

Serum Institute of India's new 'high efficacy' malaria vaccine rolls out in Africa - ET HealthWorld | Pharma

Malaria Vaccine: In anticipation of the roll-out, SII said it has manufactured 25 million doses of the vaccine and is committed to scaling up to 100 million doses annually. In keeping with its aim of delivering vaccines at scale and low cost, the Pune-headquartered company said it is offering...

health.economictimes.indiatimes.com

11 .

Zen Technologies launches AI-powered robot for global defense market

Prahasta is an automated quadruped that uses LiDAR (light detection and ranging) and reinforcement learning to understand and create real-time 3D terrain mapping for unparalleled mission planning, navigation, and threat assessment.

www.zeebiz.com

12 .

Italian two-wheeler EV brand VLF enters India, to open manufacturing hub in Kolhapur

With a focus on aspirational branding and premium riding experiences at affordable prices, VLF is poised to make a significant impact on the Indian electric two-wheeler landscape.

yourstory.com

 

[Delta Squad]

Seems like a comeback for SDB


View: https://youtu.be/z0MVJ2Fw-r8?si=DtBP1JJ9t1OF_4PU

 

[angryindian]

Just yesterday I was reading about the sharp fall in FDIs in the last quarter. One of the reasons given was that India was considered an uncertain place to invest as the government makes rule changes arbitrarily.

Decisions like this will only solidify India's reputation as a risky place to invest.

 

[SKC]

Key points of the Mukhya Mantri Yuva Karyaprashikshan Yojana scheme, Maharashtra:

1. The Mukhya Mantri Yuva Karyaprashikshan Yojana scheme offers a monthly stipend of ₹6,000 to ₹10,000 to young people for six-month internships, depending on their qualification.

2. Beneficiaries who have passed Class 12 will receive ₹6,000, diploma holders will receive ₹8,000, and graduates and postgraduates will receive ₹10,000.

3. The scheme allows students to work in any business or non-profit organization of their interest for a semester, and a mobile application and offline centers will be set up for registration.

4. A week-long training in soft skills and domain-specific knowledge will also be provided.

Notably, the government has not fixed any filtering or qualifying criteria, making the scheme potentially accessible to all applicants, presumably targeting around 10 Lakh contenders.


View: https://x.com/THE_SQUADR0N/status/1813490358283542618