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India's electronics policy framework needs to offer stability to strengthen position in global market
Secretary, Department of Commerce, Rajesh Agrawal, has noted that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country. He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing. He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders while strengthening India's position as a globally competitive electronics manufacturing and export hub.
Govt's Chintan Shivir highlights roadmap to achieve $150 billion electronics exports by 2030
With the global electronics industry increasingly being driven by global value chains, Commerce Secretary Rajesh Agrawal indicated that India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country.
India could come back into focus as AI spending growth moderates: Allspring
Prashant Paroda, Portfolio Manager-Emerging Markets at Allspring Global Investments explains why the fund has selectively added infrastructure stocks in India, maintained its exposure to financials, and is staying cautious on IT services until earnings visibility and management commentary improve.
India sweetens the deal for global electronics manufacturers
India is expanding electronics manufacturing by offering customs duty concessions on machinery. These incentives aim to attract investment in critical components and advanced equipment. The government seeks to deepen the domestic electronics ecosystem beyond final product assembly. This policy supports the growth of India's electronics production and export capabilities. New Delhi is positioning India as a comprehensive electronics manufacturing hub.
TCS shares jump over 3% after Q1 results. What are Morgan Stanley, Citi and other brokerages saying?
TCS shares climbed 3.5% after the IT major reported a 5% year-on-year rise in Q1FY27 net profit to Rs 13,349 crore and a 14% increase in revenue. While most brokerages retained their ratings, views remained mixed on the outlook, with optimism over AI-led growth offset by concerns around weak discretionary spending, margins and global macro uncertainty.
Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances units
Samsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartphone demand and rising component costs. The company aims to eliminate operational layers and overlapping functions within its sales divisions. Job losses are possible as Samsung seeks to accommodate most employees in new roles. This restructuring initiative may extend to other global subsidiaries of the electronics giant.
Syrma SGS to Kaynes Tech: EMS stocks jump up to 7.5% as Centre waives customs duty on key electronic components
The government's waiver of basic customs duty on electronics manufacturing components until 2029 led to sharp stock gains for companies like Kaynes Technology. This initiative aims to enhance domestic production of electronics and support India's goal of becoming a global manufacturing hub.
AI redraws office demand dynamics as GCCs power India's leasing market
Global Capability Centres and flexible workspaces are now driving India's office real estate demand. Third-party IT services firms are reducing their office space leasing significantly. Overall office transactions remain strong despite global economic uncertainties and disruptions. AI is transforming occupier requirements, shifting focus to capability over cost. India's deep talent pool and favorable business environment support sustained office demand.
Market trade higher; consumer durables shares climb
Investors are also closely tracking the first-quarter earnings season, with the focus on TCS' Q1 FY27 results due later in the day. Market participants will watch the IT major's management commentary for cues on discretionary technology spending by global clients and the demand outlook for the sector.
Market Pulse: Key triggers to watch before the July 9 trading session
With US President Donald Trump declaring the ceasefire with Iran over, fears of renewed conflict have pushed oil prices sharply higher and rattled global markets. A sustained rise in crude prices could weigh on Indian equities, with oil marketing companies, aviation firms and other oil-dependent sectors likely to remain in focus. The sharp sell-off on Wall Street adds to the cautious mood, while investors will also keep a close watch on Tata Consultancy Services' first-quarter earnings which may influence sentiment in the IT sector.
Government starts industry consultations on next phase of food processing PLI
The government is planning an expanded Production-Linked Incentive Scheme for the food processing sector. Consultations were held with industry stakeholders to design the next phase of fiscal support. The upcoming policy aims to boost domestic manufacturing and global competitiveness. It will focus on innovation, value addition, and farmer benefits. Working groups will address perceptions and promote the sector's growth.
Sonu Nigam, Scout join GEPL as franchise owners ahead of Season 3
Playback singer Sonu Nigam and gaming creator Scout are new franchise owners. They join the Global e-Cricket Premier League's third season expansion. The tournament will feature eight teams and a significant prize pool. This move reflects esports' growing mainstream acceptance and diverse appeal. The league aims to nurture Indian esports athletes and build global relevance.