Indian Economy

[haldilal]

 

[darkflame]

https://money.rediff.com/news/market/bajaj-auto-sales-surge-20-in-september-2024/16504820241001

Bajaj Auto Sales Surge 20% in September 2024​

 

[darkflame]

1. Bajaj Auto Sales Surge 20% in September 2024

https://money.rediff.com/news/market/bajaj-auto-sales-surge-20-in-september-2024/16504820241001

2. September 2024 Auto Sales Live: Mahindra, Bajaj, Toyota report sales uptick

3. Hero MotoCorp sales increases by 19% to 637,050 units in September

https://www.business-standard.com/c...37-050-units-in-september-124100101141_1.html

​

Mod Alert: Club together smaller 1-2 line updated into single Post!​

 

[ArjunMK1A]

I believe in coming Festival Season we can expect good growth in Consumer consumptions.
From Tomorrow Dusshera/Navarathri starting across various parts of Country.

 

[shade2]

View attachment 10895

https://www.reuters.com/technology/apple-may-need-turn-china-after-indian-tata-plant-fire-sources-say-2024-10-01/

It's obvious this is sabotage now.

iPhone 16 is just released and i think currently they were producing stock for Christmas in the western lands plus ofc stock for the Diwali sales here in India.

Per the Reuters article Apple will have to arrange for iPhone casing/back panels from Chinese suppliers.

Within Apple among whichever group handles the supply chain, an argument can be made now that it is risky to invest in India for assembly plants( worker strikes, chimpouts ) and component manufacturing( AcCiDeNtS aNd SaFeTy HaZaRDs )

 

[haldilal]

1 .

L&T gets mega order of Rs 10k-15k cr to build advanced grid system

The projects, considered mega orders, include High Voltage Direct Current (HVDC) transmission systems and Gas Insulated Substations (GIS), key elements in modernising and interconnecting regional grids in Saudi Arabia and the United Arab Emirates.

economictimes.indiatimes.com

2 .

Mazagon Dock Shipbuilders Kickstarts Production Of Multi-Purpose Cargo Vessel For Navi Merchants, Denmark

Mazagon Dock Shipbuilders has initiated the production of the first Multi-Purpose Cargo Vessel (MPV) for Navi Merchants, Denmark.

in.benzinga.com

3 .

4 .

Ceinsys Tech Raises Rs 235 Crore for Global Growth

Ceinsys Tech secures Rs 235 crore funding for global expansion, driven by Rare Capital investment. The company focuses on geospatial, engineering, and technology services.

money.rediff.com

5 .

SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November

Amid the ongoing IPO boom in the country, AI-powered SaaS unicorn Fractal is considering filing its DRHP with SEBI as soon as November.

inc42.com

6 .

7 .

Balmer Lawrie To Set Up Ftwz In Mumbai | - Times of India

Kolkata: Balmer Lawrie & Co Ltd is establishing a free trade warehousing zone (FTWZ) at Mumbai’s Jawaharlal Nehru Port.

timesofindia.indiatimes.com

8 .

https://www.hindustantimes.com/real-estate/mt-k-kapital-raises-over-rs-500-crore-for-its-maiden-fund-invests-in-five-projects-of-rustomjee-group-in-mumbai-101727260098580.html

9 .

NTPC Green Energy arm signs JV agreement for green projects

The joint venture will undertake development of 10 GW of Renewable Energy parks and projects in Maharashtra or any other state, NTPC said.

www.zeebiz.com

10 .

MEIL Signs MoU with Maharashtra Government for Development of 4000 MW Pumped Storage Hydro Projects

/PRNewswire/ -- Megha Engineering & Infrastructures Limited (MEIL) has signed a Memorandum of Understanding (MoU) with the Department of Water Resources,...

www.prnewswire.com

11 .

SJVN to develop pumped storage, floating solar projects in Maharashtra

State-owned SJVN has signed two agreements with the Maharashtra government to develop pumped storage and floating solar projects worth Rs 48,000 crore. The projects include five pumped storage facilities totaling 8100 MW and a 505 MW floating solar project at lower Wardha Dam. These initiatives...

economictimes.indiatimes.com

12 .

CEA Clears Two Hydro Pumped Storage Projects in Maharashtra

The Central Electricity Authority (CEA) has reached a significant milestone in its efforts to secure a sustainable energy future by approving two additional Pumped Storage Projects (PSPs) in Maharashtra: the 1,500 MW Bhavali PSP by JSW Energy Ltd.

www.projectsmonitor.com

 

[angryindian]

This is how India plans to become the Vishwaguru and the next manufacturing hub ?


View: https://x.com/redstreamnet/status/1841420667612197254

My former American CEO described India as a terrible place to invest and the Indians are doing everything to make his words true.

I know the trade unions very well and from my experience, they will not stop here. Once their demands are fulfilled, next year they will put another set of demands and sit in protest for days or months for it
Meanwhile, even in the 8-hour shift, they will take numerous breaks and leave the job halfway through the moment the clock goes even minute over the working hours.

People need to understand that India is not the US or Developed world that can blackmail companies with Unions.India is a country that is struggling to industrialize and is in fierce competition with more than a dozen countries for investments. This sort of shenanigans at this stage of development will push companies to leave the country altogether or stop expansion and exports.

 

[ezsasa]

This is how India plans to become the Vishwaguru and the next manufacturing hub ?


View: https://x.com/redstreamnet/status/1841420667612197254

My former American CEO described India as a terrible place to invest and the Indians are doing everything to make his words true.

I know the trade unions very well and from my experience, they will not stop here. Once their demands are fulfilled, next year they will put another set of demands and sit in protest for days or months for it
Meanwhile, even in the 8-hour shift, they will take numerous breaks and leave the job halfway through the moment the clock goes even minute over the working hours.

People need to understand that India is not the US or Developed world that can blackmail companies with Unions.India is a country that is struggling to industrialize and is in fierce competition with more than a dozen countries for investments. This sort of shenanigans at this stage of development will push companies to leave the country altogether or stop expansion and exports.

at the same time
TN minister makes it a point to mention TN's DEI policy

India's Tamil Nadu Industries Minister On Foreign Investment, Ford's Return​

View: https://youtu.be/WFtP8EjwHa8

 

[Suryavanshi]

This is how India plans to become the Vishwaguru and the next manufacturing hub ?


View: https://x.com/redstreamnet/status/1841420667612197254

My former American CEO described India as a terrible place to invest and the Indians are doing everything to make his words true.

I know the trade unions very well and from my experience, they will not stop here. Once their demands are fulfilled, next year they will put another set of demands and sit in protest for days or months for it
Meanwhile, even in the 8-hour shift, they will take numerous breaks and leave the job halfway through the moment the clock goes even minute over the working hours.

People need to understand that India is not the US or Developed world that can blackmail companies with Unions.India is a country that is struggling to industrialize and is in fierce competition with more than a dozen countries for investments. This sort of shenanigans at this stage of development will push companies to leave the country altogether or stop expansion and exports.

Is it feasible for them to move manufacturing unit?

 

[Nutcracker]

Is it feasible for them to move manufacturing unit?

Which other state can give absolute guarantee to curb these commie swines.

 

[Suryavanshi]

Which other state can give absolute guarantee to curb these commie swines.

No that is OK but that's emotional reaction on our part.
I am genuinely asking whether these are a feasible and economical action for the corporation.

 

[angryindian]

Is it feasible for them to move manufacturing unit?

What is the guarantee that the next place, where they shift will not behave like this? Today BJP is in power in Uttar Pradesh,is there a guarantee that in 2027 , the BJP will come back to power?

Though large companies like Samsung will not leave India as the country is a huge market but might halt their expansion and shift their export operations to other countries which in turn will screw up the already screwed trade balance of the country.

 

[crazywithmath]

Damn, wasn't there a strike involving 786568954 gazillion workers in 2020?

250 Million People Join Massive Two-Day Strike in India

On November 26 and 27, an astonishing 250 million people took to the streets in India for a two-day general strike. The strike, by some estimates the largest in world history, was an extreme show of worker solidarity across all job types, as 10 national industrial trade unions joined with over...

apwu.org

Then, how exactly is this the 'largest strike in recent years'?

Jokes apart, Red is a commie media (actual commies, not like the democrat/chinese cosplayers); they will speak in that tone only.

Is it feasible for them to move manufacturing unit?

Nah, the dmk gormint would crush them because strikes are bad for dhandomaxxing and they wouldn't risk their reputation over it (no investment, no donation ,also, no benami land deals - something the whole of dmk machinery is based on) . There is a reason why both the DMK and the AIADMK tend to take pro industry/investment stances - the industries are deeply ingrained in the local political economy.

The union (CITU) staging the 'strikes' isn't officially recognized by the employer (Samsung), ie, some random CITU jhollachaps and outsiders turned up and started doing dharna etc. Apparently, 900+ CITU folks have been arrested already. Also, Samsung can always staff their assembly lines with contractual workers, if required.

 

[SKC]

Which other state can give absolute guarantee to curb these commie swines.

Samsung already has a very big Plant in Noida however it is almost reaching its limit in area. They can be quickly allotted new land in Greater-Noida or new Industrial areas around Jewar and New-Noida.

However, point of having a plan in TN is easy access to Ports and cheaper connectivity to whole world.​

 

[SKC]

What is the guarantee that the next place, where they shift will not behave like this? Today BJP is in power in Uttar Pradesh,is there a guarantee that in 2027 , the BJP will come back to power?

Though large companies like Samsung will not leave India as the country is a huge market but might halt their expansion and shift their export operations to other countries which in turn will screw up the already screwed trade balance of the country.

SP and BSP both have been favorable to industries in UP after 2000s. it should not be a big deal. However, if the situation was really that bad as claimed in these new portals then TN govt themselves would have taken action on the strike. It seems very few workers are in the strike.​

 

[Nutcracker]

No that is OK but that's emotional reaction on our part.
I am genuinely asking whether these are a feasible and economical action for the corporation.

Ground up vertically integrated component chains have to be developed in northern states itself, then only shifting will be feasible. Or wait till salary difference/cost of living grow substantial in coastal area.
Yogi despite being touted by his fanboys has yet to prove himself by establishing a basic textile park, Same goes for Mohan Yadav. Bihar is a gone case because BJP couldn't grow a good leader in two decades.

 

[haldilal]