Indian Economy-News & Updates

[Skull and Bones]

In order to avoid paying taxes in India, Chinese mobile manufacturer firm Vivo India "remitted" about 50% of its turnover, which is ₹62,476 crore, mainly to China.

Vivo India remitted ₹62,476-cr worth of its turnover to China to avoid taxes

While carrying out searches at 48 locations across the country belonging to Vivo Mobiles India and its 23 associated companies, the ED has seized balance of ₹465 crore from 119 bank accounts

www.livemint.com

Balance sheet of all chinese firms operating in India should be thoroughly scrutinized by the agencies.

 

[kaykay]

Bedi port becomes second in Saurashtra to get rail connectivity

In all there are 93 port connectivity projects worth Rs 77,224 crores being taken by the Shipping Ministry with the Indian Railways. The port facilitates an annual import of 14.6 lakh tonne and export of 12.20 lakh tonne. It caters to coal, clinker, fertiliser, limestone, met coke, pet coke...

m.economictimes.com

 

[StraightEdge]

GST now levied on packaged food. Modiji just a few moons back -

https://twitter.com/x/status/1548564408846073856

 

[kaykay]

India's passenger vehicle exports jump 26% in Apr-Jun to 160,263 units

Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.

wap.business-standard.com

 

[kaykay]

https://twitter.com/x/status/1554006979248394241

 

[kaykay]

https://twitter.com/x/status/1555073060750835712

 

[Black Tornado]

https://twitter.com/x/status/1555073060750835712

This year total exports will be around $800-850 bn, but the trade deficit will be huge too due to sky high proces.

 

[kaykay]

This year total exports will be around $800-850 bn, but the trade deficit will be huge too due to sky high proces.

Remittances will manage the deficit.

 

[Black Tornado]

Remittances will manage the deficit.

But for future we should not be dependent on remittances

 

[Broccoli]

I looked few predictions and decided to add another 500€ on investment fund what operates in India. Not directly related with Indian economy but anyhow...

 

[Skull and Bones]

I looked few predictions and decided to add another 500€ on investment fund what operates in India. Not directly related with Indian economy but anyhow...

For India, its better to stick with FMCGs, utilities and construction stocks.

 

[kaykay]

As per the latest data of NSDL, foreign portfolio investors (FPIs) investment picked up in August. So far this month, till August 5, the FPIs have pumped in ₹14,175 crore in the equity market compared to the ₹4,989 crore inflow of July.

That in just 3-4 days of August.

 

[Black Tornado]

https://twitter.com/x/status/1556089190789828608

Why are these not built in other cities, why NCR only?

 

[Broccoli]

Is Intel still planning to set up foundries in India or do I remember wrong and it was some other company?

 

[GreatHanWarrior]

Is Intel still planning to set up foundries in India or do I remember wrong and it was some other company?

don't worry. China still makes money from Israel every day. You know Israel needs Chinese technology. China only needs Israeli ports and money.

Is Intel still planning to set up foundries in India or do I remember wrong and it was some other company?

oh Btw. China's "spy ship" has stopped in Sri Lanka. India's protests were ignored by China.