INDIAS INDUSTRIAL OUTPUT
Silver ETFs jump up to 6%, white metal reclaims $51 as Democrats win US midterms. What should investors do?
Silver ETFs rallied up to 6% as silver prices rebounded above $50 an ounce following the Democrats' US midterm election victory. Experts advise investors against chasing the recovery, citing volatility, uncertain industrial demand and the possibility of further price swings.
Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?
Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar and Treasury yields. However, HSBC expects further gains to be limited as silver trades close to levels justified by fundamentals. Industrial and jewellery demand may weaken, while institutional buying and supply constraints could offer support.
Time to pick the right business, hold it longer: 5 stocks from the auto ancillary space with upside potential of up to 20%
In times of uncertainty in the market, investors should look for sectors where there is some underlying transformation taking place that is bigger, and will last longer, than the impact of any war or election results. One such is the auto ancillary sector.
Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the government
Taxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers due to cancelled ticket; GSTAT orders GST department to issue GST refund with interest to taxpayer
Premji Invest goes big on strategic output & tech
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical’s first institutional funding round of $30-40 million, alongside TVS Capital.
India adds 34 new universities to QS Asia rankings; top six slip
QS Asia University Rankings 2027: India has strengthened its higher education system, with 325 universities ranking in QS World University Rankings: Asia 2027. While the country added 34 new institutions, its leading universities experienced declines in their rankings. Indian Institute of Technology Delhi remained the highest-ranked institution but fell to 66th position. Despite setbacks, India excelled in research output relative to academic staff among Asian countries.
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Silver crashes below $60 from $122 and enters oversold zone. What should you do?
Silver’s sharp rally has reversed amid expectations of higher US interest rates, rising bond yields and a stronger dollar. HSBC expects limited upside as weaker demand, increasing supply and a narrowing market deficit reduce the chances of the metal returning to $100 soon.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
Manufacturing activity eases in Oct as new order growth drops
Manufacturing activity in India experienced a slowdown in October, decreasing from the previous month's growth. Despite this, the sector remained above its long-run average due to stronger international demand. A survey indicated that nearly 18% of manufacturers anticipated increased output over the next year, supported by fresh client inquiries.
FM Sitharaman acknowledges foreign investor anxiety, says she will consider voices seeking tax changes before Budget
Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.
India's economic pillars show 'no fragility', says Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth. She remarked on the importance of fiscal prudence while implementing spending strategies effectively. Sitharaman emphasized the need for public investment to enhance welfare programs and improve access to essential services. The government aims to provide comprehensive insurance coverage by 2047 to foster financial inclusion.
India’s manufacturing output dominated by large factories, while smaller units lag behind
India's manufacturing sector is highly fragmented, with large factories significantly outpacing small units in productivity and output. While large establishments employ most industrial workers and generate high GVA, smaller units remain burdened with debt. The productivity gap is exacerbated by limited access to technology and training for smaller factories. Additionally, women workers constitute a small fraction of the overall workforce in manufacturing.
12 key Indian mutual funds score zero on climate scenario analysis and stress testing. Should you be worried?
A recent study reveals that India's $900-billion asset management sector lacks climate scenario analysis disclosures. Twelve mutual funds, representing over 80% of assets, scored zero in stress testing. This gap contrasts with findings from Asian peers who share some level of climate analysis. Rising climate risks in India could threaten up to $250 billion in annual output by 2030.
Niti Aayog's Lahiri flags growth risks in case of further monetary policy tightening
In India, it's essential for policymakers to harmonize growth output with inflation expectations. Niti Aayog’s Ashok Lahiri pointed out the importance of addressing inflation alongside job creation. He urged banks to play a pivotal role in linking enterprises with financial support and investment options. To capitalize on its natural resources, West Bengal must focus on industry attraction, while effective land acquisition and good infrastructure remain key for business development.
India's services economy stays resilient as 17 sectors post growth
India's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit gains, according to the trial Index of Service Production (ISP). Retail trade led the expansion with 19.9% year-on-year growth, followed by repair services and real estate at 17.6% each. Banking, insurance and IT services also reported strong growth, while CareEdge Ratings estimated overall services output rose 14%.
Finmin pegs Q2 expansion at 7.35%,flags capital pressure over US yield
India’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy use, port traffic and auto sales, the finance ministry said. It expects domestic demand and investment to sustain momentum, while warning that high crude prices, food inflation, rupee pressure and elevated US bond yields could pose risks in the second half.
TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market
TVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and demand for electric scooters grows. The company's EV sales more than doubled in the second quarter, while rivals Bajaj Auto and Ather Energy are also expanding production to meet rising demand.
India’s Arrakis problem: The price of what low-skilled workers know
Indian workers contribute valuable data for training AI systems, which is transforming how tasks are automated. As technology advances, low-cost labour is becoming a significant resource for AI development globally. Companies are increasingly relying on Indian workers for video data that demonstrates various physical tasks. This trend poses challenges regarding data ownership and the economic benefits for India.
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
Festive demand, capex to fuel India’s industrial growth in H2 FY27 despite risks: Report
Festive demand and sustained public capital expenditure are expected to support India's industrial activity in the second half of FY27, although unfavourable base effects, weak monsoon conditions and higher input costs could weigh on production, according to a report by Union Bank of India.
India may import more food, feed and farm commodities as drought hits crops
Amid predictions of drought in India this financial year, food and agricultural imports are anticipated to rise sharply. With serious reductions in kharif soybean and groundnut production, import requests are growing. The sugar and poultry industries are grappling with soaring feed costs, prompting an extension for raw sugar imports to be granted.
IIP growth eases to 4-month low in September as mining output contracts
September witnessed a decline in India's factory output growth, falling to 6.7%, the lowest rate observed in four months. The drop is largely linked to a high base effect and decreased mining activity. Despite this, manufacturing output surged by 7.6% compared to the previous year, while electricity generation also grew, spurred by robust demand even with insufficient rainfall. Economists anticipate GDP growth to surpass 7% for the July-September period.
India's industrial growth slows to 6.7% in September from 8% in August
India's Index of Industrial Production for September recorded a growth rate of 6.7%. This figure represents a decline from August's 8%. Key contributors to this growth include the manufacture of motor vehicles and electrical equipment, among others. The manufacture of rubber and plastics also played a significant role in September's performance. These statistics were released by the Ministry of Statistics and Programme Implementation.
India Inc wants AI talent to transform manufacturing space
Manufacturing firms are increasingly focusing on integrating artificial intelligence into their operations for efficiency. Companies such as Honeywell Technologies and RPG Group are actively searching for AI and digital leaders. These leaders are expected to bridge the gap between technological advancement and manufacturing processes. Companies are also searching for talent in overseas markets, particularly among Indian-origin executives.
India woos South Korean marine equipment makers as shipbuilding grows
Union Minister Sarbananda Sonowal highlighted the need for ambitious and universal maritime standards during the World Maritime Day roundtable. He stressed the importance of partnerships that facilitate the implementation of these standards among countries. Sonowal's discussions with the Korea Marine Equipment Association outlined collaborative opportunities in India's shipbuilding sector. Korea's involvement will focus on technology transfer and local manufacturing of marine equipment.
Korea Marine Equipment Association to open India office coming Friday: Shipping Ministry
The Korea Marine Equipment Association has announced its first office in Mumbai, facilitating collaboration with Indian shipyards. This partnership will focus on modernization, technology transfer, and local manufacturing of marine equipment. Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal highlights the opportunity for Korean suppliers in India's growing maritime sector. The Indian government has approved significant investments, boosting shipbuilding output and vessel orders.
India expected to extend duty-free cotton imports through December, sources say
India is expected to extend the 11% customs duty exemption on cotton imports until the end of December to ease supply shortages, lower domestic prices and reduce costs for textile mills. Domestic cotton prices have remained firm amid lower crop prospects, with output estimated below 29 million bales in 2026-27 against demand exceeding 34 million bales.
How to attract STEM talent back
India's contributions to scientific research are significant, yet they often do not lead to breakthroughs. The country struggles with low industrial investment, leading to delays in commercialization. Isolation from industries hampers collaboration that could enhance research efficacy. Successful retention models from countries like China and Japan provide potential lessons for India. Developing a tailored strategy could help reverse the existing brain drain in research.
Core output grows at series high of 7.9% in Sept
India's core sector output growth for September recorded a remarkable 7.9%, driven largely by expansion in coal and electricity. Notably, refinery products and iron ore also contributed to this growth, supported by a favorable base effect. Coal production saw a sharp rebound with a growth rate of 10.7% following previous negative trends. Electricity generation growth declined slightly, impacted by heatwave conditions in the country.
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