Indian Economy: News and Discussion

[Crazywithmath]

Slit-eyed, batmunching and opium-addicted virgins export goods
But CHADS export their people

India breaks record with over $111 billion in remittances in 2022

India leads 2022 remittances with over USD 111 billion, facing challenges like rights violations in Gulf States and COVID-19 impact on migration patterns, highlighting migrant workers' struggles worldwide.

economictimes.indiatimes.com

India received over $111 billion in remittances in 2022, first country to ever reach that figure: U.N.

India received over $111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the $100 billion mark, the United Nations migration agency has said.

www.thehindu.com

About 3% of GDP - not too significant. Most middle income economies are 2-3% - a ballpark of sort.

 

[shade]

India has quietly transformed its ports

That is good for trade, and a good sign for reform

www.economist.com

Rare Gora article praising Mudi for once, over infrastructure

 

[new salem]

India has quietly transformed its ports

That is good for trade, and a good sign for reform

www.economist.com

Rare Gora article praising Mudi for once, over infrastructure

Even then it shows poverty

 

[new salem]

All you need to know about Tata Electronics exporting packaged chips - The Economic Times

India has big ambitions in semiconductor manufacturing. One of the first steps that has been made is to package chips in Bengaluru.

m.economictimes.com

someone post this article in full

 

[Azaad]

122 Shipping Containers Seized In Massive Customs Ops At JNPT Port Over Suspected Contraband From China, 'Monday Hold' Operation Launched

These containers are alleged to have entered the JNPT port through false declarations. The CIU has issued an order stating that they have received confidential intel related to these containers, which cannot be disclosed. The containers are to be placed under 24x7 CCTV surveillance and lighting...

www.freepressjournal.in

 

[Azaad]

 

[Azaad]

 

[Haldilal]

Ya'll Nibbiars

 

[Haldilal]

Ya'll Nibbiars

1 .

Rallis India Commissions a New Automated 8000MT Water-Soluble Fertilizer Plant in Maharashtra

Rallis India launches a new Water-Soluble Fertilizer (WSF) plant in Maharashtra, showcasing a commitment to sustainable agriculture and innovative farm solutions.

krishijagran.com

2 .

Mahindra Susten draws up plan to step up its green energy play, plans to invest ₹21,000 cr in next 5 years

Mahindra Susten plans to invest ₹21,000 crore in a 5.5 GW renewable energy portfolio over 5 years with Ontario Teachers' Pension Plan. The company aims to avoid a heavy debt burden through asset flipping and expand into the hybrid renewable energy sector.

m.economictimes.com

3 .

Alternative Credit Platform BlackSoil Invests USD 49 Mn in 30 Deals in Q4 | Entrepreneur

The Mumbai-based firm's portfolio includes enterprises like Ideaforge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, and Curefoods.

www.entrepreneur.com

4 .

Naprod Life Sciences announces successful renewal of its EU-GMP certification for Palghar facility - ET HealthWorld | Pharma

Naprod Life Sciences: The audit was conducted in December 2023 by the National Institute of Pharmacy and Nutrition (OGYÉI), Hungary. The facility produces a wide range of formulations, liquid and lyophilised injectable products, with a special focus on oncology, anaesthetics, and other therapy...

health.economictimes.indiatimes.com

5 .

L&T plans to exit Hyderabad Metro post 2026, R Shankar Raman says free bus rides have made ridership 'less interesting'

Congress government’s free bus rides for women impact sees change in ridership mix.

www.businesstoday.in

6 .

India's startup ecosystem booms, freshers in high demand

India's startup scene is experiencing a boom with a significant number of new companies emerging and a strong focus on hiring fresh talent

www.peoplematters.in

7 .

Tata Tech’s JV with BMW to be operational in H2 of FY25 | Pune News - Times of India

Tata Technologies' joint venture with BMW is set to start operations in the second half of the current financial year, showcasing BMW's strategic commitment to Tata Technologies. The JV aims to accelerate BMW's expertise in automotive software and enterprise IT solutions.

timesofindia.indiatimes.com

8 .

MS Dhoni-backed electric cycle maker EMotorad set to inaugurate e-cycle gigafactory soon - Times of India

India Business News: EMotorad, a Pune-based electric cycle maker, received an undisclosed investment from cricketer Mahendra Singh Dhoni last month and is on track to fini

timesofindia.indiatimes.com

9 .

INTERVIEW | Sumitomo Realty & Development Commits to India-Japan Cooperation with Promising Mumbai Projects Sponsored

In an interview, Hisatoshi Katayama talks about Sumitomo Realty & Development's optimism in India and investment of around ¥700 billion in the country's development.

japan-forward.com

10 .

Japan International Cooperation Agency eyes Vadhavan Port for funding - ET Infra

Lenders start queuing up for financing the mega port helmed by state-owned Jawaharlal Nehru Port Authority in view of its bankability

infra.economictimes.indiatimes.com

11 .

Bajaj Auto begins exporting Qute to Egypt, electric variant in the works | Autocar Professional

The Bajaj Qute is designed to be an urban mobility alternative.

www.autocarpro.in

12 .

Govt-Owned Munitions India Ltd Exported Ordnance to Israel as Gaza Was Reduced to Rubble

The Modi government licensed a shipment in January 2024, the very month the ICJ ruled that “at least some of the acts and omissions alleged … to have been committed by Israel in Gaza appear to be capable of falling within the provisions of the [Genocide] Convention.”

m.thewire.in

13 .

Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr

Blackstone Group is finalizing the acquisition of Adani Realty's Inspire BKC in Mumbai's Bandra-Kurla Complex. The deal is set at Rs 1,800-2,000 crore for the 800,000 sq ft tower, with various prominent companies as occupants.

m.economictimes.com

14 .

SMFG invests Rs 1,300 crore in SMFG India Credit Co Limited via rights issue

The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.

m.economictimes.com

15 .

Bank of Maharashtra to Invest Rs 1,200 Crore in Digital Initiatives | Pune News - Times of India

Bank of Maharashtra plans to spend around Rs 1,200 crore on improving its digital infrastructure in FY25, focusing on customer relationship management, lifestyle banking application, AI-based video assistant, digital insurance platform, and online share trading integration. The bank aims to...

timesofindia.indiatimes.com

16 .

Process and Control Today | Mitsubishi Electric Opens New Manufacturing Plant for Factory Automation Systems in Maharashtra, India

www.pandct.com

17 .

SoftBank In Talks To Double Down On Icertis - StartupNews.fyi

Japanese investment firm SoftBank is in early discussions to double down on its existing software portfolio firm Icertis

startupnews.fyi

18 .

Waaree Energies and Ecofy Launch Affordable Rooftop Solar Solutions with Easy Financing for Indian Homeowners

Discover the strategic partnership between Waaree Energies and Ecofy to promote solarisation in India. Learn how this collaboration aims to make renewable energy more accessible and affordable.

solarquarter.com

19 .

Baba Kalyani expects defence vertical revenue to grow nearly 60% in FY25

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.

www.cnbctv18.com

20 .

Yantra Ltd poised for major jump in profit | Nagpur News - Times of India

Yantra India Limited (YIL) poised for an eight-time growth in profits with unaudited profits over Rs 400 crore. Headquartered in Nagpur, YIL is engaged in making shells for artillery and armoured systems, with a full order book till 2026-27. Expecting a turnover of Rs 3900 crore this fiscal...

timesofindia.indiatimes.com

21 .

NTPC Green Energy, MAHAPREIT ink MoU for 10 GW renewable projects in Maharashtra - ET EnergyWorld

NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) signed a Memorandum of Understanding (MoU) to develop renewable energy projects up to 10 GW in Maharashtra.

energy.economictimes.indiatimes.com

22 .

PSA BDP inaugurates a 150km zero-emission transport corridor in Nhava Sheva - India Shipping News

NAVI MUMBAI : Embracing sustainability with great enthusiasm. PSA BDP India has launched a 150 km zero emission transport corridor in Nhava Sheva by deploying

indiashippingnews.com

23 .

SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates

SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share...

m.economictimes.com

24 .

Tata Motors Q4 Results: JLR revenue up 11% YoY to £7.9 billion; 5 key highlights

Tata Motors Q4 Results: India's most valuable carmaker reported a more than three-fold increase in net profit driven by strong performance across all its three auto businesses, especially its British luxury car unit, Jaguar Land Rover.

www.livemint.com

25 .

A Game Changer for Atmanirbhar Tech in India: AjnaLens launches India's first completely Make In India Mixed Reality Headset - AjnaXR

PRNewswire Mumbai (Maharashtra) [India], May 10: For the first time, India has launched a novelty, Make-In-India Mixed Reality headset. Indian pioneers in Extended Reality (XR), AjnaLens, recently announced that their AjnaXR Pro headset is now designed, developed and manufactured in India. This...

theprint.in

 

[FalconSlayers]

Retards at ICMR think that Whey Protein is junk food and Indians should stick to carbslopping.
I challenge ya'll they all are pot bellied skinny boomer uncles who created this.

 

[SKC]

Retards at ICMR think that Whey Protein is junk food and Indians should stick to carbslopping.
I challenge ya'll they all are pot bellied skinny boomer uncles who created this.
View attachment 252352

Need a complete revolution of Indian food. Doesn't mean to discredit out food completely and move over to Western diet.
But have a calculated mix of carbs+fat+protein+fiber in the plate for Breakfast, lunch and dinner.

Right now, 90% of families are having food just because their parents and generation before them had it. No idea on what is required when!

Chinese and Korean understood the importance of balance and right amount of intake and in two generations they have increased their average height. We are simply long way behind.

 

[Crazywithmath]

Chinese and Korean understood the importance of balance and right amount of intake and in two generations they have increased their average height. We are simply long way behind.

There is no reliable estimate for something as simple as avg height in India .

You have those ususal shitty NFHS figures among a host of others but there is no consensus.

 

[nongaddarliberal]

Retards at ICMR think that Whey Protein is junk food and Indians should stick to carbslopping.
I challenge ya'll they all are pot bellied skinny boomer uncles who created this.
View attachment 252352

Yeah. There is no such thing as "too much protein". The more healthy protein people eat, the better it is for their body. The same is true for healthy fats such as ghee, butter, animal fats, full cream milk, nuts etc.

This may be counter intuitive for those convinced by 20th century western nutritionists, but most of those ideas are being discarded. Unfortunately our babus haven't caught on to that yet.

The biggest things to avoid are sugar, saturated fats, and carbs. Unfortunately these are abundantly consumed now in India.

 

[shade]

Yeah. There is no such thing as "too much protein". The more healthy protein people eat, the better it is for their body. The same is true for healthy fats such as ghee, butter, animal fats, full cream milk, nuts etc.

This may be counter intuitive for those convinced by 20th century western nutritionists, but most of those ideas are being discarded. Unfortunately our babus haven't caught on to that yet.

The biggest things to avoid are sugar, saturated fats, and carbs. Unfortunately these are abundantly consumed now in India.

Corporations and Profit-Maxing restaurants feed people this.
Aside from people here not eating enough meat and/or fish.

For modern urban sedenatry lifestyle meat/fish + vegetables + dal/beans is best with minimal intake of rice and bread type carbs

 

[MuffleParch]

Maybe 1 in 5 urban households?

Almost 1 in 5 households invest in the markets.

 

[new salem]

Indian tech companies to witness 46% hiring boom in 2024: Report

Indian tech companies anticipate a 46% hiring surge in 2024 despite 31% of engineers facing hiring freezes, per Flexiple.

www.thehindubusinessline.com

 

[Smoothbore125mm]

Yeah. There is no such thing as "too much protein". The more healthy protein people eat, the better it is for their body. The same is true for healthy fats such as ghee, butter, animal fats, full cream milk, nuts etc.

This may be counter intuitive for those convinced by 20th century western nutritionists, but most of those ideas are being discarded. Unfortunately our babus haven't caught on to that yet.

The biggest things to avoid are sugar, saturated fats, and carbs. Unfortunately these are abundantly consumed now in India.

easy give msp on leguminous foods too it would in turn force farmers to make them legumes improve soil too rather than the shit sugarcane and cheat which is destroying fertility all over the place in punjab especially

 

[indus]

easy give msp on leguminous foods too it would in turn force farmers to make them legumes improve soil too rather than the shit sugarcane and cheat which is destroying fertility all over the place in punjab especially

MSP on pulses is increased every year by substantial amount to motivate farmers to grow them. But growing pulses especially Toor,Moong & Urad is a challenging task because of large growth period, prone to damage and low yields. Govt has put in place an ambitious plan to make India self sufficient in pulses in next five years

 

[ezsasa]

Retards at ICMR think that Whey Protein is junk food and Indians should stick to carbslopping.
I challenge ya'll they all are pot bellied skinny boomer uncles who created this.
View attachment 252352

protein supplement lobby and dumb journalists will try to confuse the issue, but below is the original advisory as issued by ICMR
======
ICMR's new dietary guidelines

GUIDELINE 1 - Eat a variety of foods to ensure a balanced diet
GUIDELINE 2 - Ensure provision of extra food and healthcare during pregnancy and lactation 13
GUIDELINE 3 - Ensure exclusive breastfeeding for the first six months and continue breastfeeding till two years and beyond
GUIDELINE 4 - Start feeding homemade semi-solid complementary foods to the infant soon after six months of age
GUIDELINE 5 - Ensure adequate and appropriate diets for children and adolescents both in health and sickness
GUIDELINE 6 - Eat plenty of vegetables and legumes
GUIDELINE 7 - Use oils/fats in moderation; choose a variety of oil seeds, nuts, nutricereals and legumes to meet daily needs of fats and essential fatty acids (EFA)
GUIDELINE 8 - Obtain good quality proteins and essential amino acids (EAA) through appropriate combination of foods and avoid protein supplements to build muscle mass
GUIDELINE 9 - Adopt a healthy lifestyle to prevent abdominal obesity, overweight and overall obesity
GUIDELINE 10 - Be physically active and exercise regularly to maintain good health
GUIDELINE 11 - Restrict salt intake
GUIDELINE 12 - Consume safe and clean foods
GUIDELINE 13 - Adopt appropriate pre-cooking and cooking methods
GUIDELINE 14 - Drink adequate quantity of water
GUIDELINE 15 - Minimize the consumption of high fat, sugar, salt (HFSS) and ultra-processed foods (UPFs)
GUIDELINE 16 - Include nutrient-rich foods in the diets of the elderly for health and wellness
GUIDELINE 17 - Read information on food labels to make informed and healthy food choices

https://main.icmr.nic.in/sites/default/files/upload_documents/DGI_07th_May_2024_fin.pdf

 

[notaname]

Retards at ICMR think that Whey Protein is junk food and Indians should stick to carbslopping.
I challenge ya'll they all are pot bellied skinny boomer uncles who created this.
View attachment 252352

protein supplement lobby and dumb journalists will try to confuse the issue, but below is the original advisory as issued by ICMR
======
ICMR's new dietary guidelines

GUIDELINE 1 - Eat a variety of foods to ensure a balanced diet
GUIDELINE 2 - Ensure provision of extra food and healthcare during pregnancy and lactation 13
GUIDELINE 3 - Ensure exclusive breastfeeding for the first six months and continue breastfeeding till two years and beyond
GUIDELINE 4 - Start feeding homemade semi-solid complementary foods to the infant soon after six months of age
GUIDELINE 5 - Ensure adequate and appropriate diets for children and adolescents both in health and sickness
GUIDELINE 6 - Eat plenty of vegetables and legumes
GUIDELINE 7 - Use oils/fats in moderation; choose a variety of oil seeds, nuts, nutricereals and legumes to meet daily needs of fats and essential fatty acids (EFA)
GUIDELINE 8 - Obtain good quality proteins and essential amino acids (EAA) through appropriate combination of foods and avoid protein supplements to build muscle mass
GUIDELINE 9 - Adopt a healthy lifestyle to prevent abdominal obesity, overweight and overall obesity
GUIDELINE 10 - Be physically active and exercise regularly to maintain good health
GUIDELINE 11 - Restrict salt intake
GUIDELINE 12 - Consume safe and clean foods
GUIDELINE 13 - Adopt appropriate pre-cooking and cooking methods
GUIDELINE 14 - Drink adequate quantity of water
GUIDELINE 15 - Minimize the consumption of high fat, sugar, salt (HFSS) and ultra-processed foods (UPFs)
GUIDELINE 16 - Include nutrient-rich foods in the diets of the elderly for health and wellness
GUIDELINE 17 - Read information on food labels to make informed and healthy food choices

https://main.icmr.nic.in/sites/default/files/upload_documents/DGI_07th_May_2024_fin.pdf

Protein powders are made from either eggs or dairy milk or whey (a byproduct of cheese or paneer) or plant sources such as soyabeans, peas and rice. Some protein powders, marketed
in packages as protein supplements, contain protein from multiple sources. Protein powders may also contain added sugars, non-caloric sweeteners and additives such as artificial
flavoring, hence, are not advisable to be consumed on a regular basis. Whey protein is rich in branched chain amino acids
(BCAAs). Recent evidence suggests that BCAAs may increase the risk of certain non-communicable diseases (NCDs). As mentioned above, adequate non-protein energy from
carbohydrate and fat is essential for dietary proteins/AA to be utilized for protein synthesis and for related functions in the body. Consuming high level of protein, especially in the form of protein supplement powders, is therefore not advisable.
Many athletes consume very high amounts of protein, often as protein powders. Protein requirements are not as high as commonly perceived. In fact, research findings indicate that dietary protein supplementation is associated with only a small increase in muscle strength and size during prolonged resistance exercise training (RET) in healthy adults; and protein intake levels greater than
~ 1. g/kg/day do not contribute any further to RET-induced gains in muscle mass.