Today's whitepills
Indian Oil capex investment to be ~ $4 billion this year.
The oil refiner said the amount will support implementation of its planned investments and projects to drive growth.
www.moneycontrol.com
Samsung enters in OLED TV segment in India; to manufacture locally
Samsung India Senior Vice President, Consumer Electronics Business, Mohandeep Singh said: "The launch of new OLED TVs will enable us to further strengthen our leadership in the premium TV market". "We are pushing the boundaries of innovation with our new range of OLED TVs. We have made OLED TVs...
economictimes.indiatimes.com
Brazil’s Embraer is in talks with India’s Tata and Mahindra groups, among others, for an aircraft manufacturing partnership, top company executives said, as the world’s third-largest passenger jet maker works to expand its India foothold.
Defence partnership likely by end of year; firm eyes IAF order
www.livemint.com
The number of Apple production sites in the country increased to 14 last year compared with 11 in 2021, signalling the iPhone maker’s accelerated expansion in the country.
Apple added five new suppliers in mainland China last year but cut eight, while production bases in India rose to 14 from 11.
www.scmp.com
The Centre is looking to include refractories in the upcoming Production Linked Incentive Scheme 2.0 for steel as it aims at doubling the country's production capacity for the metal to 300 million tonne by 2030. India already is the 2nd largest steel manufacturer in the world.
India's Ministry of Steel is in talks with the refractory industry to boost domestic production and reduce the country's dependence on imports from China. Refractories are critical for steel production, and India presently relies on imported raw materials. The inclusion of refractories in the...
economictimes.indiatimes.com
India set to be third-largest construction market in 2024: CNH Industrial president
India is CNH Industrial’s sole manufacturing hub in the Asia-Pacific region, where it is ramping up capacities to 10,000 units annually by the next year, making it the 2nd-largest factory for the company globally and its largest export hub.
The company wants to increase its India capacity by 50% to 15,000 units in the medium term and is targeting a production of 12,000 units a year by 2025. 50% of our production in India goes towards exports to 105 countries.
Infra investments spur demand for building equipment: CNH Industrial
www.livemint.com
1,00,000 prefabricated biogas plants to be produced in world’s largest manufacturing facility in Pune
Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.
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The trade landscape is changing structurally to India’s advantage
The growth of the new product basket outpaces the growth of legacy products. Productions such as helicopters, arms and ammunition, and electrical machinery registered some of the highest growth rates.
The structural changes in India’s trade basket show that our export boom is no more a story of the rising tide lifting all boats
www.livemint.com
JSW under the PLI scheme, has planned to set up a solar module manufacturing facility. It has received the LoI (letter of intent) for 1 GW per year capacity for a wafer-cell-module manufacturing facility.
JSW Energy has decided to put a full stop to expanding thermal projects and is investing heavily in renewable energy. While it is focusing on solar, hydro, wind power and green hydrogen, it is the untapped energy-storage business where JSW Energy is building a niche.
economictimes.indiatimes.com
The Indian ER&D sector is projected to be worth over $63 billion by 2025, according to NASSCOM, and most of these services providers stands to benefit.
Why the country has become the destination for auto companies to source cutting-edge digital technology and talent for their electric, autonomous and connected vehicles.
economictimes.indiatimes.com
The faster adoption of Generative AI globally has an “advantage India'' angle as AI consulting firms are seeing increased client interest as they are getting RFPs, POCs and projects around the new technology theme.
NSE-listed Latent View Analytics said their client conversations are up five times around GenAI use-cases since the launch of ChatGPT, while unicorn startup Fractal said its daily client queries numbers are up “dramatically”.
economictimes.indiatimes.com
South Eastern Coalfields Ltd (SECL) is aiming to scale up the capacity of its Gevra mine to 70 MTPA to make it the world's largest coal producing site by the end of ongoing fiscal.
In financial year 2022-23, the mine produced 52.5 MT of coal which was above its target for the year, the Chairman-cum-Managing Director said. When asked about the timeline for achieving the 70 MTPA target, the CMD replied "we aim to achieve it by the end of the current fiscal year. We are...
economictimes.indiatimes.com
India’s speciality chemicals sector is a ‘Goliath' in the making, according to Jefferies. It believes the gradual decline in EU's share in global chemical capex as well as sourcing needs beyond China bode well for the Indian producers.
“India has been among the beneficiaries where revenue growth of fluorochemistry majors has far outstripped that of Chinese majors over the past five years,” Jefferies said in a client note.
economictimes.indiatimes.com
Anupam Rasayan has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.
Chemicals maker Anupam Rasayan on Tuesday said it has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.
economictimes.indiatimes.com
JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore ($1 billion) over a six-year period, between 2024 and 2030, to ramp up capacity to 30 million tonnes per annum (mtpa) from the projected 18 mtpa capacity at end-FY24.
JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore over a six-year period
www.thehindubusinessline.com
India among most vibrant startup ecosystems in the world: Sequoia's Roelof Botha.
Botha's comments come a week after Sequoia Capital decided to hive off it's India and SEA arm, effectively exiting from the country
www.moneycontrol.com
Goldman Sachs' biggest office beyond New York attests to India's rise
India has roughly 1,600 of the GCC centers, more than 40% of the number worldwide, according to Nasscom.
Nasscom estimates India will have at least 1,900 GCCs by 2025, and
annual revenue from the industry will increase to as much as $60 billion.
Expect India's GDP growing over 7% in 2023-24: CEA Anantha Nageswaran
The Indian economy is expected to grow over 7 per cent in the current financial year 2023-24 per cent, said Chief Economic Advisor Anantha Nageswaran. The forecast was on the back of firm investments and rapid stride in digital transformation.
economictimes.indiatimes.com
India Set For $168 Billion Finance Behemoth As HDFC Merger Nears The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.
timesofindia.indiatimes.com
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