After 17 years of toil, India is finally ready for tryst with semiconductors
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Photograph: Kim Kyung-Hoon/Reuters Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year. Soon there will be a new entrant into this cosey club. After 17 years of ...40-year-old fintech gurus need 60-year-olds to handhold them
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com It's difficult to pinpoint who invented the car, but Karl Benz is most often identified as the inventor. He patented the three-wheeled motor car -- called “Motorwagen” -- in 1886. It was the first modern automobile. A century later, ...Why Sensex, Nifty crashed on Tuesday morning
Benchmark equity indices Sensex and Nifty declined in early trade on Tuesday in-tandem with weak Asian markets and fresh foreign fund outflows. Photograph: Danish Siddiqui/Reuters Also, investors turned cautious ahead of the US Fed interest rate decision this week. The 30-share BSE Sensex tanked 420.56 points to 72,327.86 after opening on a weak note. The NSE Nifty declined 126.35 points to 21,929.35. From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, ...What to make of sharp variations in GDP numbers in election year
Questions will be raised over why those changes take place and whether non-economic factors are at play, says A K Bhattacharya. Illustration: Dominic Xavier/Rediff.com India's gross domestic product (GDP) numbers, released recently, surprised most analysts. The economy grew at 8.4 per cent in the third quarter (October-December) -- a six-quarter high -- and the second advance estimate (SAE) for 2023-24 placed GDP growth at 7.6 per cent, up sharply from the first advance estimate (FAE) of 7.3 ...New scheme for EVs may put global majors in fast lane
The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. Photograph: Hannah McKay/Reuters While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla’s next move will be watched carefully. Four years ago, Musk announced that his company would come to ...In absence of black swans, markets may rise further
Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Illustration: Dominic Xavier/Rediff.com Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs. During this period, the benchmark largecap index has been ...Tata Sons' net debt burden at eight-year low as cash reserves swell
Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Photograph: Danish Siddiqui/Reuters Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to ...Top six smallcap MFs to take over 20 days to liquidate 50% portfolio
The country’s six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. Illustration: Uttam Ghosh/Rediff.com For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies.'Indian startups on track to raise $8-12 bn this year'
Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Illustration: Dominic Xavier/Rediff.com Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India. Anandan said that the investment ...How did investors miss Byju's numerous red flags?
If and when a new management takes over, it will discover that there is no worthwhile business to run, says Debashis Basu. Illustration: Dominic Xavier/Rediff.com Byju's is set to go down as the most spectacular corporate flameout. Little more than a year ago, India boasted five decacorns, an elite group of only 47 startups around the world valued at $10 billion (bn). Of these, the most valuable Indian decacorn was Byju's. Despite a loss of Rs 4,588 crore in FY21, Byju's was valued at ...Click to show more