Honda and Nissan are in preliminary merger talks, potentially creating a holding company to rival Toyota. This move could also involve Mitsubishi, further consolidating the Japanese auto industry. The discussions aim to strengthen their position against global competitors, particularly in the electric vehicle market, and address financial challenges.
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South Korea's cosmetic exports topped $10 billion in 2024, driven by the global popularity of K-beauty. China, the US, and Japan were the top importers. Additionally, bio-health exports surged, with pharmaceuticals leading the growth. The government aims to boost further expansion through international cooperation.
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The Indian government is preparing a production-linked incentive (PLI) scheme for electronics components to boost domestic manufacturing and reduce reliance on imports, particularly from China. The scheme, involving substantial financial incentives and job creation targets, aims to deepen India's presence in the global electronics supply chain. Additionally, the import authorization scheme for laptops will likely be extended by three months.
Indian stock markets tumbled on Thursday, with Sensex closing below 80,000 and Nifty below 24,000 for the first time since late November. The sell-off, driven by hawkish US Fed statements and foreign fund outflows, wiped out Rs 3.8 lakh crore in investor wealth. Selling pressure was broad-based, with ICICI Bank, Reliance, and HDFC Bank leading the decline.
India's micro finance institutions (MFIs) have seen a surge of over 2,176 per cent in growth from Rs 17,264 crore in March 2012 to Rs 3.93 lakh crore by November 2024. Challenges such as fundraising and portfolio quality were discussed in a DFS meeting, with suggestions for credit guarantees and special funds.
India's coal imports rose by 2% to 182.02 million tonnes between April and November this year. Monthly imports for November dropped to 19.57 MT due to sufficient domestic supply, leading to reduced demand. Coking coal imports also decreased slightly as the government pushes for increased domestic production.
Stephen Schwarzman of Blackstone believes the new US tariff regime could boost American growth and global consumption. He indicates India is well-placed in tariff negotiations and highlights the necessity of infrastructure investment and streamlined project approvals. Schwarzman remains optimistic about India's long-term economic trajectory despite market fluctuations.
Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant.
President Trump’s new tariff plan includes a 10% universal tariff on imports, followed by country-specific tariffs. China faces the highest tariffs, up to 54%. India’s textile, electronics, and machinery sectors may benefit from competitive advantages. However, to capitalize on these opportunities, India must address structural issues and enhance manufacturing capabilities.
Microsoft CEO Satya Nadella announces a $3 billion investment in India's cloud and AI infrastructure, including new data centers. The company aims to train 10 million people with AI skills by 2030, highlighting AI's diffusion in India as exciting and emphasizing the need for innovative infrastructure.