Today's Business Blitz- "Boosting India's Economy, Investors Are Eyeing Indian Bonds, Goregaon Mulund Link Road Guide, Balu Forge Eyes Expansion, EV Adoption Dream"
16th July, 2024
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1. “Boosting India's Economy: How Overseas Debt Inflows Can Strengthen the Balance of Payment”
Overseas inflows into India's debt market boost balance of payment surplus.
Inclusion of sovereign bonds in JPMorgan Chase index attracts FII inflows of $25 billion.
Overall balance of payment surplus projected at $52 billion for the current financial year.
Rupee/dollar exchange rate expected to remain stable.
Monthly net inflows into FAR securities exceed Rs 90,000 crore after JPMorgan inclusion.
Foreign investors play a significant role in driving Indian real estate to record highs.
#Markets#Notifications#crore#billion#bqmetered
2. “Why Global Investors Are Eyeing Indian Bonds for Secure Collateral”
India's sovereign bond market is in demand as foreign equity investors use them as collateral due to inclusion in JPMorgan's index.
This allows investors to earn interest on their holdings, unlike traditional margin postings.
Since September, $1.5 billion has flowed into Indian government securities with 1-2 year maturities.
Factors driving demand include high yield, stable currency, and potential for capital appreciation.
Indian sovereign debt has returned 5.7% in 2024, compared to 2% by Indonesian bonds.
Foreigners have invested $11.7 billion in index-eligible bonds since last year's announcement.
#FRX#BON#WORLD#ASIATOP#Markets#WWTOP#GLOBALMACR#MARKETS#ASIA#INDIA#Bloomberg#billion#WWTOPAS#ALLTOP#GOV#bqmetered#BUSINESS
3. “Goregaon Mulund Link Road Guide: Benefits, Highlights, and Essential Insights”
PM Modi inaugurates twin tunnel construction for Goregaon-Mulund Link Road (GMLR) project.
GMLR aims to connect Mumbai's eastern and western suburbs with 12.20 km six-lane twin tunnels.
Project includes widening roads, constructing flyovers, and a 4.7 km tunnel under Sanjay Gandhi National Park.
Tunnels to feature advanced safety and ventilation systems without disturbing the park's ecosystem.
Project expected to reduce travel time from 75 to 25 minutes, saving on fuel consumption and improving air quality.
#Gandhi#safety#bqtrends#Nation#Modi#bqfree
4. “Balu Forge Eyes Expansion: Aims to Secure Rs 497 Crore Through Preferential Issue and Warrants”
Balu Forge to raise Rs 497 crore via preferential issue and warrants.
Funds to enhance manufacturing capacity and R&D initiatives in defence and aerospace.
45 lakh equity shares to be issued at Rs 350, warrants priced at Rs 360.
Whole-time Director Trimaan Chandock highlights diversification and growth strategy.
Company exploring technology transfer and contract manufacturing partnerships.
Stock price down 0.72% to Rs 412.3 on the BSE at 3:00 p.m. during announcement.
#war#Markets#Notifications#manufacturing#strategy#crore#manufacturing#technology#bqmetered#Business
5. “EV Adoption Dream: SIAM Chief Highlights Need for 200,000 Skilled Workers”
India aims for 30% EV adoption by 2030.
SIAM estimates a need for 2 lakh skilled EV workers by then.
Total talent investment projected at Rs 13,552 crore.
Specialized skills required in battery technology, electronics, and motor design.
Gap exists in blue-collar and white-collar professionals across electrical, mechanical, and chemical engineering disciplines.
100% localization of EV components requires adding 30,000 EV-ready workers annually till 2030.
Hiring and training costs estimated at Rs 7,671 crore and Rs 5,881 crore, respectively.
#electronics#EV#crore#technology#Business#PTI#bqfree
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