Market News
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South Korea's KVIC courts Indian venture funds as allocation evolves to a more structured strategy
South Korean institutional investors and government funds like KVIC are scouting for partnerships with Indian VC firms, signaling a strategic shift toward funding India’s deeptech and advanced manufacturing sectors amid global supply chain diversification.
Asia's crude oil imports tick up in June but uncertainty reigns
Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined product prices remain elevated, hinting at ongoing supply chain adjustments.
Apple iPhone 18 Pro supplier list, parts and photos exposed in Tata data leak
Sensitive data, including component lists and photos of upcoming iPhone 18 Pro models, has been leaked onto the dark web by a ransomware group targeting Tata Electronics, Apple's Indian supplier. This breach exposes crucial details about Apple's supply chain, potentially impacting its business relationships and revealing manufacturing secrets to rivals. The leak occurs as India's role in iPhone production significantly expands.
Home sales fall to three-year low in June quarter
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.
Residential sales dip to lowest since Jan 2023 amid West Asia war, impacting buyer sentiment
Residential sales in India experienced a significant dip in April-June, reaching the lowest point since early 2023. Geopolitical tensions and supply chain issues are cited as key factors dampening buyer sentiment. Despite an overall decline, premium housing segments and specific cities like Bengaluru and MMR showed resilience, with new launches increasing year-on-year, though quarterly supply saw a drop.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
At Sid’s Farm, the pursuit of milk begins with uncompromising standards
Sid's Farm is strengthening consumer trust through rigorous daily quality checks and a parent-first approach to dairy production. The company invests over ₹15 lakh every month in antibiotic residue testing while rewarding farmers for maintaining quality standards. Its #HoldUsToIt campaign encourages consumers to question and verify its practices, promoting transparency over traditional brand promises. By aligning supply-chain integrity with food safety, Sid’s Farm aims to set a new benchmark for trust in India's dairy sector.
Govt targets solar, hydrogen components to cut import dependence
India is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas include solar inverters, electrodes, catalysts, bipolar plates, and polysilicon. This strategic move aims to strengthen the supply chain for critical components, addressing current import dependencies and fostering long-term cost competitiveness for India's burgeoning renewable energy industry.
United Spirits set to cut 100 jobs to curb costs, streamline operations
United Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reduction, impacting mid- to senior-level employees, aims to streamline operations and boost productivity. While the company continues investing in key brands and growth markets, further roles could be affected. This move comes despite strong recent financial performance and ongoing supply chain optimization efforts.
Oil, AI and chips: The new resource race redrawing markets and nations
The leap to a $5 trillion valuation for Nvidia underscores a dramatic paradigm shift: semiconductors have become the driving force of global economic prowess, akin to oil in previous centuries. With nations such as Taiwan and South Korea emerging through powerhouses like TSMC and Samsung, the future prosperity relies heavily on mastering the semiconductor supply chain as AI technology evolves, reshaping national strength and financial stability.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.
India's pharma supply chain remains 65 per cent dependent on China for critical inputs: NITI Aayog
India's pharmaceutical sector, despite being the "pharmacy of the world," faces significant reliance on China for raw materials, with nearly 65% of APIs and intermediates sourced from there. NITI Aayog's report highlights supply chain vulnerabilities and calls for moving up the value chain by fostering innovation and industry-academia collaboration. This strategic shift aims to boost high-value product development and capture a larger global market share.