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AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
Behind big billions, the China hedge begins to take shape in India
Hyundai Motor Group plans to invest $15.5 billion in India over the period of 2026 to 2032. This initiative aims to strengthen local manufacturing and expand research and development facilities. Attracting global interest, especially with competitors like Toyota and Suzuki also enhancing their footprint, Hyundai’s success hinges on optimizing logistics and harnessing skilled labor for maximum output.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
Electronics makers turn to cheaper materials and localisation as commodity costs bite
Electronics producers are adapting to rising costs by innovating their material choices and enhancing local manufacturing efforts. In place of copper, aluminum is now favored in products like refrigerators and air conditioners. As input costs climb due to soaring commodity prices and AI infrastructure needs, businesses have raised prices but are also strategically absorbing certain cost increases. Simultaneously, they are fine-tuning product designs to minimize expenditures.
India attracts capital. Now it must build what the world pays royalties for
India has emerged as a major investment destination, but much of the value generated by foreign companies still flows overseas through dividends, royalties and intellectual property payments. The column argues that India must move beyond being a manufacturing and consumption base by building globally competitive brands, proprietary technology and Indian-owned intellectual property.
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Chip stock rout deepens: SOX in bear mode as Nvidia, Micron, SK Hynix lead losses
Semiconductor stocks have seen a significant market capitalization drop recently. Investors fear an artificial intelligence bubble and China's chip advancements. Major companies like Nvidia and Samsung experienced substantial market value declines. Despite this, the semiconductor index remains strong year-to-date due to AI demand. Indian companies linked to data centers and power equipment have seen gains.
PL Capital cuts Nifty target to 26,449, lists 16 high conviction stock picks
Amidst global market turmoil from the Iran-US war and El Nino, PL Capital lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.
South Korea Inc meets Modi; Cos including Samsung & LG looking to expand in key market, export more
Top South Korean business leaders met Prime Minister Narendra Modi. They discussed expanding their operations in India. Companies like Samsung, LG, and Hyundai signaled fresh investments. SK Hynix is considering a chip facility. Hyundai will develop electric mobility solutions for India. This marks a significant step in bilateral economic cooperation.
Apple explores chip assembly talks with Indian manufacturers
Exploratory conversations have taken place between Murugappa Group-owned CG Semi, which is building an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. It’s the first time Apple is evaluating the prospect of having certain chips assembled and packaged in India.
LG plans Make-in-India push for its electronics machinery
In a strategic pivot, LG Electronics is evaluating the potential relocation of a portion of its factory equipment production to India, reflecting a positive outlook on the country's burgeoning electronics sector. Meanwhile, LG Corp has announced the upcoming establishment of a global research and development hub in Noida, projected to generate around 500 new employment opportunities.
LG, Samsung turn to Indian brains to power future chips
South Korean tech giants LG Electronics and Samsung Electronics are significantly increasing their investment in India's engineering talent, recognising the nation's shift from cost-competitiveness to capability superiority. This strategic move highlights India's growing role as a global hub for semiconductor design and high-tech R&D, bolstering its position in the global innovation value chain.
LG eyes India's software strength for chips, AI
LG Electronics is set to tap into India's software talent for its semiconductor, robotics, and AI product development. The company also aims to boost exports of components from India. This strategic move capitalizes on India's growing capabilities and cost-effectiveness. LG Electronics sees India as a key partner for innovation and global market expansion.
LG chief to visit India ahead of IPO, weigh investment options
LG Corp chairman Kwang Mo Koo plans to visit India to finalize the IPO of LG Electronics India, valued at ₹15,000 crore, around April-May. He will also explore new investment opportunities in manufacturing displays and components. This will be the first business trip by LG's top boss in a decade.
LG Electronics CEO hints at possible IPO for Indian unit amid Hyundai’s Rs 25,000 crore plan
The electronics industry is now speculating whether arch rival Samsung Electronics too may consider an IPO for the Indian business. The three South Korean chaebols typically mirror each other in strategy, launches and manufacturing.
How Tata is putting the roar in the Make-in-India lion
Tata Group's strategic moves in high-tech manufacturing, including semiconductor investments and potential Pegatron acquisition, align with India's Make-in-India program. The Tata Group is poised for significant expansion in technology fields, with plans to inject over $120 billion into emerging business sectors and group focal points such as semiconductors, defense, electric vehicles, and Air India.
Chips are like oil, India will need at least 10 fab units: Ashwini Vaishnaw
There is not even an iota of doubt over the seriousness of both these applicants as well as the government. The final evaluation will begin soon. The pre-evaluation has already progressed well. So, there are absolutely no mixed signals.
Vedanta talks to chip companies to set up $3-5 billion display fab unit
AvanStrate Inc, which is part of the Vedanta Group, is planning to apply under the government’s recently announced $10 billion semiconductor policy, said Akarsh Hebbar, managing director, AvanStrate.
Higher demand lifts smartphones and electronics sales 20%
Electronics and smartphones would have done even better if supplies hadn't been constrained, taking a toll on volumes, which went up in low single digits from last year's record surge.
Invest India holds virtual panel discussion for global investors
During the discussion, Ajay Prakash Sawhney, secretary in the Ministry of Electronics and Information Technology, highlighted the various initiatives undertaken by the government, including the production linked incentive scheme and scheme for promotion of manufacturing of electronic components and semiconductors.
Make in India: PM Narendra Modi to urge LG, Samsung to setup plants in India
The PM is tipped to pitch the country as the next manufacturing hub for cellphones and semiconductor facility, to these two chaebol.
Ministerial departments agree to extend Modified Special Incentive Package Scheme by 5 years
A draft Cabinet note suggesting amendments to the existing M-SIPS scheme was discussed with over a dozen departments, including the commerce ministry.
Electronics industry praises UPA government, wants next government to fill gaps
The UPA government had announced the first ever National Electronics Policy to boost domestic manufacturing and reduce dependence on imports.
'LG, Samsung mull setting up semiconductor units in India'
Semiconductor is the main hardware component that is key to the functioning of devices such as mobiles and computers as well as hi-tech defence equipment.
Commerce Ministry to study impact of FTA with South Korea
CommMin has commissioned a study to assess the impact of FTA with South Korea, with which India had a trade deficit of about $9 billion in 2012-13.
India opens applications to its $4 bn incentives for IT manufacturing
The package termed as M-SIPS is aimed to kick start a manufacturing ecosystem in India, which imports over 90% of the electronics used by its citizens.
Japan earthquake: Aftershocks in India as prices of appliances may rise, auto output to suffer
The aftershocks of last month's massive earthquake and tsunami in Japan will rattle Indian consumers next month.
Programmeable logic devices propel technology research
PLDs or programmeable logic devices are building blocks on which researchers designing 3D TVs, mobile phones and satellites mount innovative features.
Tech giants driving Rosetta standard
Big daddies in hi-tech manufacturing sectors like PCs and mobile phones will be seen driving adoption of RosettaNet business standards.
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