CallSignMaverick
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Indian Economy-News & Updates
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CallSignMaverick
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German Aerospace company to set up operations in Belagavi city
CallSignMaverick
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London-listed flex office space provider International Workplace Group (IWG) plans to expand to Tier 2 and Tier 3 cities in India, given the increased demand for flex workplaces in these locations. “We are looking at Mangalore, Kochi, Thiruvananthapuram, and Mysuru for immediate expansion,” Harsh Lambah, Country Manager, India, IWG told Moneycontrol.
www.moneycontrol.com
Japan’s Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India
www.livemint.com
Telangana drives in India's first mobility valley, eyes $6 billion investment by '2030
www.google.com
asia.nikkei.com
www.livemint.com
finance.yahoo.com
Market cap of BSE-listed firms hits fresh record high of Rs 294.49 lakh crore ($3.6 trillion) in morning trade
economictimes.indiatimes.com
IT company Axtria Inc, which focuses on the life sciences industry, has plans to hire over 1,000 people in data science, software development, and data engineering in the next eight months, the company said on Sunday.
The company is hiring for its offices in Gurugram, Bengaluru, Noida and new centres coming up in Pune and Hyderabad, Axtria said in a statement.
inshorts.com
India’s a priority market for Google, excited by tech innovation here: Senior VP Prabhakar Raghavan
economictimes.indiatimes.com
economictimes.indiatimes.com
www.cnbctv18.com
www.google.com
NaBFID eyes Rs 60,000 crore ($8 billion) loan book, Rs 1 lakh crore ($12.5 billion) loan sanctions by March 2024
www.bqprime.com
www.livemint.com
Alternative Investment Fund inflows to cross $500 billion by 2030: Report
economictimes.indiatimes.com
Flex office space provider International Workplace Group plans to expand to Tier 2, Tier 3 cities
Company plans to add about 10-12 workspaces in India by the end of FY23-24.
Japan’s Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India
SMBC, 2 others to invest $250 mn in Amp Energy India
SMBC, Asian Infrastructure Investment Bank, and Intermediate Capital Group will invest $250m in Amp Energy India to drive expansion plans.
www.livemint.com
Telangana drives in India's first mobility valley, eyes $6 billion investment by '2030
Telangana drives in India's first mobility valley, eyes $6 billion investment by '2030 - Times of India
Telangana is driving in India's first dedicated mobility cluster, called Telangana Mobility Valley (TMV), with an eye on drawing investments worth over Rs 50,000 crore ($6 billion approx.) and generating about 4 lakh jobs by 2030.
www.google.com
Japan's Sumitomo to invest $3.6 billion in India office complexes
Sumitomo to invest $3.6bn in India office complexes
Japan company expands in country on verge of becoming most populous
asia.nikkei.com
India to be fastest growing 5G region globally by 2028: Ericsson report
India to have 700 mn 5G subscribers by 2028-end: Ericsson
Ericsson expects smartphone subscriptions in the country to clock a CAGR of 5%, reaching over 1.14 billion by 2028
www.livemint.com
Private Equity funds moving away from China to India, Japan amid geopolitical tensions
China is losing out to India and Japan as strained ties with US hurt deals, exit prospects for private equity funds, EY says
Global private equity funds are looking at India and Japan for sweeter deals, focusing away from mainland China as geopolitical strains with the US raise hurdles and hurt prospects for stock market exits, according to EY consultants. "India has become a big beneficiary of China de-risking," said...
Market cap of BSE-listed firms hits fresh record high of Rs 294.49 lakh crore ($3.6 trillion) in morning trade
Mcap of BSE-listed firms hits fresh record high of Rs 294.49 lakh crore in morning trade
The market capitalisation of BSE-listed companies reached an all-time high of INR 294.49 lakh crore as the Sensex benchmark hit a record high of 63,588.31. The optimistic trend in equities allowed the market capitalisation of all firms listed on BSE to reach a peak, thanks to buying by index...
IT company Axtria Inc, which focuses on the life sciences industry, has plans to hire over 1,000 people in data science, software development, and data engineering in the next eight months, the company said on Sunday.
The company is hiring for its offices in Gurugram, Bengaluru, Noida and new centres coming up in Pune and Hyderabad, Axtria said in a statement.
US-based Axtria to expand operations in India, hire 1,000 techies
usbased company axtria plans to hire over 1000 people in data science software development and data engineering in india in the next eight months axtria which focuses on life sciences industry is hiring for its offices in gurugram bengaluru noida and centres coming up in pune and hyderabad its...
inshorts.com
India’s a priority market for Google, excited by tech innovation here: Senior VP Prabhakar Raghavan
India’s a priority market for Google, excited by tech innovation here: Senior VP Prabhakar Raghavan
The way ahead to develop artificial intelligence (AI) systems is to "engage with scientists and technologists who understand" the technology behind it, the top Google executive said.
Non-banking lender SMFG India Credit eyes Rs 75,000 crore ($9.5 billion) loan book by FY26
SMFG India Credit Co readies growth plan post Covid shock
SMFG owns a 74.9% stake in SMFG India Credit Company, earlier called Fullerton India, which it purchased from Singapore's Temasek Group in 2021. The Japanese bank had valued the company at ₹23,000 crore, buying the 74.9% stake for close to ₹17,000 crore in 2021.
NaBFID raises ₹10,000 crore ($1.25 billion) through listed bonds
NaBFID debuts on BSE with Rs 10,000 crore unsecured non-convertible debt securities — should you buy?
NaBFID on June 15 raised Rs 10,000 crore through the issuance of listed bonds maturing in 10 years at 7.43 percent coupon. The infrastructure financier had said that it received bids of Rs 23,629.5 crore and the bonds were oversubscribed by about 4.7 times, as against the base issue of Rs 5,000...
BankBazaar says India may cross 100 million credit card mark soon
Bankbazaar says India may cross 10 crore credit card mark soon | Here's a look at cards with highest spends
India's changing how it pays — and credit cards along with UPI are at the heart of the change. Here are the findings by Bankbazaar on credit card market in India
NaBFID eyes Rs 60,000 crore ($8 billion) loan book, Rs 1 lakh crore ($12.5 billion) loan sanctions by March 2024
NaBFID To Sanction Loans Worth Rs 1 Lakh Crore In FY24, Says MD Rajkiran Rai
NaBFID plans to raise up to Rs 52,000 crore in funding during FY24.
Tata Steel plans Rs 16,000 crore ($2 billion) capex in FY24 for domestic, global operations
Tata Steel plans ₹16,000 crore consolidated capex in FY24; check details
Of the planned amount, Tata Steel has earmarked ₹10,000 crore towards standalone operations and ₹2,000 crore for its subsidiaries in India.
www.livemint.com
Alternative Investment Fund inflows to cross $500 billion by 2030: Report
AIF inflows to cross $500 billion by 2030: Report
According to CapHive, India-focused AIFs' assets under management is expected to grow 18-25% every year till 2030, supported by increasing allocation from global institutions as well as stronger domestic flows.
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CallSignMaverick
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CallSignMaverick
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> MQ-9B Predator drones to be made in India
>General Atomics will setup a Global MRO facility in India
Boeing to invest $100 million in India
Apple to launch its credit cards in India
American Semiconductor giant Applied Materials to invest $400 million in India
>General Atomics will setup a Global MRO facility in India
Boeing to invest $100 million in India
Apple to launch its credit cards in India
American Semiconductor giant Applied Materials to invest $400 million in India
Vayana TradeXchange (VTX) targets $7.5 billion in transactions by 2025
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Brother, I appreciate the time and effort you put to collate this. It gives us immense pride and pleasure in otherwise a bit gloomy forum for Indians.
CallSignMaverick
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I just bookmark it on twitter and post it at once.
AdaniConneX raises $213 mn to build two data centers in Noida & Chennai
In a move that will accelerate plans of delivering critical digital infrastructure for building local data centres, AdaniConneX, a 50:50 joint venture between Adani Enterprises (AEL) and EdgeConneX (ECX), has executed a $213 mn senior debt facility with participation from international banks...
www.businessinsider.in
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Less of a kooku than the current finance minister and fake degree fekoo.
Besides, its not just him saying it, the job numbers simply don't support the claim of 7% gdp growth
‘Jobless Growth’ Fuels India’s Unemployment Crisis
Unemployment in India has increased for the last two decades, consuming young people’s livesnewlinesmag.com
'Govt in denial mode': India slipping from jobless growth into ‘job loss’ growth
News Blogwww.counterview.net
Even if I may question the intent of your post, we should always encourage a debate with diverging views to have more meaningful discussion. The news shared by you from Counterview is worth reading.
Thank you for your enlightened view, that is always my intention - to provide a counterview(if things dont add up)z However it has become a habit among people to dismiss all such views as fake or phoren sajish/ congress puppet et, to cry and bitch about every negative news about india and that has began to manifest in every sphere of life. Jaishankar sulks all the time, Comedians are sent o jail, cricket commentators are fired for small criticiwm of star players just because of bollywood wacko involved in panama scandal doesnt like it(talking about harsha) and people who question numbers and fake news are trolled or given rape threats or become subject of tax raids which further reinforces the view that something is wrong. Earlier i used to try to have a discussion, but now even i simply start resorting to good old maa bhen when called congressi/pappu etc etc.
Crying and bitching has infortunately become national habit and its not got unnoticed. Several foreign celebrities/cricketers etc deliberately put out slightly inflammatory tweets just to enjoy seeing tens of thousands of indians cry and whine.
CallSignMaverick
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Delta Electronics to invest in renewable energy in India
The development follows a commitment of $500 million investment in India by the industrial automation giant over next 5 years to expand manufacturing capabilities and establish new research and development centres.
Delta Electronics to invest in renewable energy in India - Times of India
Industrial automation company Delta Electronics will prioritise investment in renewable energy, energy efficiency and circular economy in India. The m
timesofindia.indiatimes.com
New huge 2.2 million square feet Grade-A IT/ITeS Office Complex in Noida city
CRC Group to invest Rs 810 crore to develop commercial project in Noida
The company to invest the amount in constructing an integrated IT/ITES commercial project in Noida. The project will spread across an area of 22 lakh sq ft of built-up area
Concorde will launch over 2 million square feet of commercial space over the next two years.
Concorde To Invest Rs 225 Crore To Build Commercial Projects
New Delhi, Jun 23 (PTI) Realty firm Concorde will invest Rs 225 crore to develop commercial projects.
EFC India plans to almost triple office space capacity to 60,000 seats
EFC India plans to almost triple office space capacity to 60,000 seats
The institutional segment accounts for 65 percent of the company’s billed seats
Government expects 4-6 semiconductor companies to invest in India: Vaishnaw
Government expects 4-6 semiconductor companies to invest in India: Vaishnaw - ET Telecom
Micron: These companies, Vaishnaw said, were in various stages of talks with the Centre and were encouraged by its focus on developing a complete ecosystem for semiconductor fabrication instead of bringing just semiconductor fabrication units to India.
Blackstone plans to launch Asia’s largest REIT IPO in India of up to $1 billion: Report
Blackstone plans to launch REIT IPO in India of up to $1 billion: Report
This would be the largest REIT IPO in Asia in terms of square footage and the expected issue size to be in the range of $800 million to $1 billion, report said.
www.livemint.com
Taiwan's Foreign Direct Investments in India to increase by eight times
Simon Lee, president of Taiwan Chamber of Commerce told ET that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years
Taiwan's FDI in India to increase by eight times
Simon Lee, president of Taiwan Chamber of Commerce told ET that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years
Prestige Group to develop 27 million square feet office space in Bengaluru!
"We are looking forward to developing about 40 million square feet of office space, across six cities in India, with an annual rental yield of Rs 3,000 crore within five years. The construction is ongoing and we are hoping for a rental yield within 3-5 years," he added.
Prestige Group to develop 27 msf office space in Bengaluru
The company plans to generate a rental income of Rs 800-1,200 crore just from Bengaluru within five years. The idea is to develop about 40 msf of office space, across six cities, with an annual rental yield of Rs 3,000 crore within five years, says CEO Juggy Marwaha
NLC India Plans To Invest ₹75,000 Crore ($9.5 billion) In Green Energy Push
Green Energy In Focus As NLC India Plans To Invest Rs 75,000 Crore
The company plans a Rs 5,000 crore plant to convert lignite coal to methanol or diesel.
Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech
Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech
The collaboration between Lam Research and the governments of the United States and India marks a significant step in bridging the talent gap within the semiconductor industry , , semiconductors, Lam Research, semiconductor engineers, us govt, indian government
India targeting $300 billion electronics manufacturing by 2026: IT minister
India: India targeting $300 billion electronics manufacturing by 2026: IT minister
"Electronics manufacturing in 2014 was about $12 billion and India's target in just over a decade by 2026 is $300 billion i.e. 20-25x growth in 11 years. Thanks to PM @narendramodi ji's decisive policies and governance," Chandrasekhar said in a tweet. According to the Vision Document 2.0...
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Unfortunately, it is true but again, we are all inheriting and learning all these things in the environment and nations surrounding us...Even posting a few pictures in the newspaper or wearing a certain dress in school which should be banned in any way, is creating issues in certain parts of our society around the world and near to us too...So we are living in an environment where one group of people is getting too picky about everything about their beliefs. Then there would be a reaction that may be too much, but it is quite expected.
CallSignMaverick
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15 Gigawatt hydroelectric plant in Andhra Pradesh
Amazon to invest $26 billion in India!
Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
www.livemint.com
Japanese companies to invest 5 trillion yen ($35 billion) in India by 2027
Read more at:
timesofindia.indiatimes.com
timesofindia.indiatimes.com
ReNew Power, a Nasdaq listed Global Renewable Energy company, has expressed interest to invest $2.2 billion to set up one of the largest metallurgical grade silicon, polysilicon and ingot-wafer manufacturing units in Nagpur.
Huge 11.3 million square feet Industrial Warehousing and Logistics Park to come up at Hyderabad
Amazon to invest $26 billion in India!
Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
India's forex reserves rise by $2.35 billion to $596 billion; foreign currency assets outperform overall kitty
India's forex reserves rise by $2.35 billion to reach at $596 billion
India's forex reserves rose by $2.350 billion to $596.098 billion in the week ending June 16, 2023. The increase was driven by a surge in foreign currency assets, which rose by $2.578 billion to $527.651 billion. Gold reserves were the only component to decline.
www.livemint.com
Japanese companies to invest 5 trillion yen ($35 billion) in India by 2027
Read more at:
‘japanese Companies To Invest 5 Trillion Yen In India By 2027’ | Ahmedabad News - Times of India
Ahmedabad: Japanese companies are all set to invest 5 trillion yen in India by 2027, according to the Consul General of Japan in Mumbai, Dr Yasukata F.
timesofindia.indiatimes.com
Development Bank of Sigapore to set up base in GIFT City
The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the International Financial Services Centre Authority (IFSCA) to set up an international banking unit (IBU) at GIFT City. GIFT City officials believe more financial companies from Singapore will enter GIFT City after the arrival of SGX Nifty.
DBS to set up base in GIFT City | Ahmedabad News - Times of India
The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the Inter
timesofindia.indiatimes.com
ReNew Power, a Nasdaq listed Global Renewable Energy company, has expressed interest to invest $2.2 billion to set up one of the largest metallurgical grade silicon, polysilicon and ingot-wafer manufacturing units in Nagpur.
Superb! Egypt Offers Dedicated Cluster to India in Suez Canal Zone
Huge 11.3 million square feet Industrial Warehousing and Logistics Park to come up at Hyderabad
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CallSignMaverick
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World's Largest Diamond and Jewellery Park
Being built at the cost of $8 billion with a Built-up Area: 7.5 million square feet
5 3B+G+14 floor building.48 lakh sq. ft. Built up area.
2 3B+G+13 floor building.16 lakh sq. ft. built up area.
1 3B+G+31 floor building.10 lakh sq. ft. built up area.
Hospital+Police Station+Fire Station.1 lakh sq. ft. built up area.
Employment Generated: 1,00,000
P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat
> The new facility is situated across a 50,000 sqm area in Sanand, Gujarat. The manufacturing facility is designed to be fully automated based on the modern concept of ‘Industry 4.0’, it said.
A $200 million export oriented factory can easily fetch $1 billion in export revenue each year
economictimes.indiatimes.com
economictimes.indiatimes.com
www.business-standard.com
Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24
economictimes.indiatimes.com
India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
Read more at:
economictimes.indiatimes.com
India has been able to increase the value addition in mobile manufacturing to 20% within a period of 3 years whereas Vietnam achieved 18% value addition over 15 years and China achieved 49% value addition in over 25 years.
economictimes.indiatimes.com
India's app economy to touch $792 billion by 2030: report
Read more at:
economictimes.indiatimes.com
Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords
www.cnbc.com
www.reuters.com
IIFL Fin raises $175m through ECB route for lending biz
Read more at:
economictimes.indiatimes.com
www.business-standard.com
India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P
economictimes.indiatimes.com
Being built at the cost of $8 billion with a Built-up Area: 7.5 million square feet
5 3B+G+14 floor building.48 lakh sq. ft. Built up area.
2 3B+G+13 floor building.16 lakh sq. ft. built up area.
1 3B+G+31 floor building.10 lakh sq. ft. built up area.
Hospital+Police Station+Fire Station.1 lakh sq. ft. built up area.
Employment Generated: 1,00,000
P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat
> The new facility is situated across a 50,000 sqm area in Sanand, Gujarat. The manufacturing facility is designed to be fully automated based on the modern concept of ‘Industry 4.0’, it said.
A $200 million export oriented factory can easily fetch $1 billion in export revenue each year
P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat
The new unit builds on top of P&G Indias existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat where it has had a plant in Sanand, Ahmedabad, since 2015. The new facility is situated across a 5.3 lakh square feet area and will...
Schaeffler india expands capacity at Vadodara unit
Schaeffler India ramps up capacity at Savli plant in Gujarat
German industrial supplier Schaeffler has opened a new manufacturing unit at its plant in Vadodara, Gujarat. The facility will increase production space by over 10,000 sq m and cater to growing demand in the wind, heavy industries, and railway sectors. The expansion is part of Schaeffler's...
Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India
Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India
Alcatel-Lucent partners Make-in-India: The company said that they not only want to make products for India but also plan to manufacture to export
Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24
Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24
Business services is the second-largest category accounting for 23.2% of Indias services exports in FY23 after software exports (45.1%).
Read more at:
India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
India's first indigenously developed 700 MW nuclear power reactor has started commercial operations at the Kakrapar Atomic Power Project in Gujarat. The reactor is currently operating at 90% of its total power capacity. The Nuclear Power Corporation of India Limited (NPCIL) plans to build...
India's PLI scheme is up for review: What's the status of mega manufacturing plan?
The government is reviewing its Production-Linked Incentive (PLI) scheme and considering reopening the window for some sectors. The PLI scheme aims to boost Indian manufacturing by subsiding production to better compete with other countries. Currently available in 14 manufacturing sectors, there...
India's app economy to touch $792 billion by 2030: report
Read more at:
India's app economy to touch $792 billion by 2030: report
The report prepared jointly by ICRIER senior visiting professor Rekha Jain and IIM Ahmedabad professors Viswanath Pingali and Ankur Sinha is based on the assumption that the app economy will grow at the rate of 2.5 times the GDP growth as of 2030.
Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords
Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords
India's no slouch when it comes to space, but the announcements come at a notable time: Russia is steadily fading away as a space superpower.
Analysis: India's aerospace suppliers see upside in parts-making from record jet orders
India's aerospace suppliers see upside in parts-making from record jet orders
Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production.
IIFL Fin raises $175m through ECB route for lending biz
Read more at:
IIFL Fin raises $175m through ECB route for lending biz
IIFL Finance, the non-banking finance arm of IIFL, has raised $175 million through a three-year external commercial borrowing (ECB) from lenders including HSBC and Bank of Baroda. The loan, priced at SOFR +200 basis points, will be used for onward lending purposes. $75 million was raised from...
Indian companies fundraising from overseas up 12% to $9.7 billion in H1 2023
India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023
Several companies, led by Reliance Industries, raised funds from overseas
India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P
India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P
The factors that are driving the slowdown from 7.2 per cent growth last fiscal are weaker external environment, moderation in pent-up demand, and softening private consumption activity, Rana said, adding, with tighter monetary policy there is expected to be some impact on consumer demand.
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