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Bharat Electronics wins orders worth Rs 1,011 cr
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From fans to factories: Atomberg considers supply of parts to appliance makers
Atomberg is expanding beyond consumer appliances into supplying motors, controllers and other components to manufacturers, betting on India’s push to localize electronics and appliance supply chains. The move could open a new growth engine for the company as it prepares for a public listing.
Ai+ Smartphone, Optiemus plan ₹125 crore India manufacturing push
Homegrown tech brand Ai+ Smartphone has partnered with Optiemus Electronics to manufacture smartphones and other ecosystem products in India. The companies will jointly invest Rs 125 crore over five years, targeting production of three million smartphones and creating over 1200 jobs. This collaboration aims to boost domestic manufacturing and align with the 'Make in India' vision.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Choked shipping routes jolt Indian manufacturers
India's manufacturing sector faces disruption due to the Iran war. Critical shipping routes are threatened, impacting automakers and component makers. Consumer goods and electronics exporters are already halting shipments and production. Industry bodies seek government support for fuel supplies. Companies are assessing supply chain risks, with some setting up crisis teams.
Elara initiates coverage on LG Electronics India, sees 14% upside
Elara Securities initiates coverage on LG Electronics India with an ‘Accumulate’ rating and ₹1,750 target, implying nearly 14% upside, citing localisation, capex-led expansion and growth from the LG Essential series.
Middle East crisis to boost defence demand; Motilal Oswal favours 4 stocks
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
Dixon Tech shares rocket 7%, reclaim Rs 10,000 mark after government clears JV with China’s HKC
Dixon Technologies shares soared 7% after receiving government approval to form a joint venture with China’s HKC Overseas to manufacture display modules in India. The partnership aims to boost local electronics manufacturing, support the domestic component ecosystem and reduce import dependence under the government’s Make in India initiative.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Under scrutiny in India, Chinese electronics companies tap parents to keep going
Chinese electronics firms in India are leaning on their parent companies for financial aid. This support helps them navigate legal hurdles and regulatory issues. Companies like Vivo and Xiaomi are receiving backing through various financial instruments. This trend highlights the challenges faced by these businesses in the Indian market. Parent firms are providing crucial financial lifelines.
BEL signs MoU with SASMOS to boost indigenous defence manufacturing
Bharat Electronics signed an MoU with SASMOS HET Technologies to boost indigenous defense manufacturing, exchanged by Manoj Jain and H G Chandrashekar, witnessed by Rajnath Singh.
PSU banks better placed than private peers amid uncertainty, says LGT Wealth CIO
Chakri Lokapriya, CIO-Equities at LGT Wealth India, says geopolitical tensions and rising crude prices have created uncertainty for India, especially given its heavy oil import dependence. While sectors like textiles and PLI-linked electronics may still grow, margin pressures and a weaker rupee could weigh on profitability. He adds PSU banks remain relatively better placed than private peers due to strong government-led infrastructure spending, though prolonged high oil prices could impact treasury gains.