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In the state of Andhra Pradesh, South Korea has come forward to invest INR 4,000 Crore. About 37 companies have shown their interest to invest in the state and generate 7,000 jobs. This proposal officially presumed to take a shape by March 2018. According to the CMO South Korea Consul-General, Kim Hyung, met the Chief Minister Naidu and discussed upon various facets, and are looking to strengthen the financial and cultural ties with the state. It has also been reported that the companies are looking forward to establishing their firms in the upcoming Korean city in the state. The Chief Minister Naidu assured the officials of South Korea that Andhra Pradesh is served with favorable conditions to do business and any potential problems that might arise over the due course of time will be immediately dealt with. 

In the few days ago it was reported that Andhra Pradesh is likely to grab a 'South Korean City' in the state's capital Amaravati or elsewhere in the state. The South Korean commission had proposed to bring in at least 30 companies in the sectors of logistics, electric steel, automobile components, liquors, marine equipment, medical, and many more to Andhra Pradesh.
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French multinational ienformation technology consulting corporation 'Capgemini' is expected to hire over 20,000 people in India this year and has re-skilled 45,000 employees until May as it takes step towards the automation. It hired 33,000 employees last year and re-skilled 51,000. About 1,00,000 people were working in its India operations. Most of the IT companies are hiring fewer people and re-skilling staff in adopting automation and digitisation. Nasscom's anual review said jobs grew only by 5% in FY17 and there may be a 20-25% reduction over the next three years. 

The gap between revenue and job growth is expected to increase, given the commoditised nature of IT services as robotics, machine learning and artificial intelligence become a part of the business model. TCS, India's largest IT firm, said it offered jobs to close to 20,000 this it offered jobs to close to 20,000 this fiscal and has skilled 200,000 employees across 600,000 competencies. The Mumbai-based company had 3,87,223 employees at March end, against 3,53,843 a year ago -a jump of 9.5%. Bangalore-based Infosys is going to hire 20,000 in India in FY 2018.Total number of employees in Infosys stood at 2,00,364 as of March 31, 2017 versus 1,94,044 a year ago -a mere 3% increase.  In its annual report, Infosys said automation has helped it eliminate around 11,000 full-time employees worth of effort and repurpose those people into more "valuable and rewarding" tasks.
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There were many reports about Privatising India's National Carrier 'Air India' after Arun Jaitley (Finance Minister), in an interview with a TV Channel, said that to keep Air India running, we have invested INR 50,000 Crores. That money is government's money, that's your money. It could have been used for school education. If 86% of flying can be handled by the private sector, it can also handle 100%. Some Media reports says that TATA Group in partnership with Singapore Airlines may buy the Air India. In the year 2013, Ratan Tata had said the Tata Group would 'be very happy to look' at Air India as and when privatization happens

The Government think tank 'Niti Aayog' has recommended to the Prime Minister's Office a complete privatisation of Air India. Air India, which has over INR 52,000 Crores debt burden, is surviving on a INR 30,000 Crores bailout package extended by the UPA government in 2012. Air India was originally launched in 1932 by 'Tata Airline' by Tata Group patriarch JRD Tata. It was incorporated as Air India International in 1948 as a joint venture between the Government of India and the Tata Group to start overseas services. And after 5 Years the government decided to nationalise the aviation industry bringing the airline under its control.
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The wager being legal in the United Kingdom (UK), around INR 2,000 Crores were being wagered on Final Champion's Trophy between Indian and Pakistan, as per the estimations by the All India Gaming Federation (AIGF). India emerge to be a clear favourite of bookings on friday but not by a large margin. If one bets INR 100 on India, and India wins, the one will get back around INR 147, as per the Betfair. On the other hand, if Team Pakistan wins the one will earn around INR 300. 

This has been 10 years since the India and Pakistan will be playing in the final, so the bets are high. One can also wager on many facet of the game, such as 10 Over score by each team or even total scores by both. As the gambling is illegal in most parts of the country, Indians can place their bets through UK websites through their international credit cards and e-wallets, said Rolland Landers, CEO of AIGF's.
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Warburg Pincus, LLC an American private equity firm will buy about 43% stake in Tata Technologies Ltd, an Indian engineering outsourcing provider $360 million (INR 23.25 Billion). Warburg will also buy about 30% stake from Tata Motors and Sheba Properties Ltd which is a subsidiary and in Tata Capital about 13% held in Tata Technologies, Tata Motors said in a statement that the Tata Motors and affiliates of Tata Group will continue to own about 43% of Tata Technologies, while the company's management team and other shareholders will own the remaining, the statement said.

Tata Motors Group Finance chief C. Ramakrishnan said that the partial divestment is part of Tata Motors plan to strategically monetize part of the value created while also including a valuable partner, together with whom the Company can excel its next phase of growth, in the statement.
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HMD Global, has officially launched the Nokia 6, Nokia 5, and Nokia 3 Android smartphones in India. The new Nokia Android smartphones were introduced at Mobile World Congress (MWC) 2017 in Barcelona in February this year. The Nokia 6 will be available exclusively on Amazon, while the Nokia 5 and Nokia 3 will be available on Offline stores.Following are the Price and Features.

Nokia 6
Price: Rs 14,999
Display: 5.5-inch full-HD 2.5D screen with Corning Gorilla Glass protection with a pixel density of 403 ppi, and there's a fingerprint sensor below the display.
OS: Android 7.0 Nougat out-of-the-box and be powered by a Qualcomm Snapdragon 430 chipset
RAM: 3GB.
Storage: 32GB storage and to expandable up to 128GB.
Battery Capacity: 3,000mAh battery.
Camera: 16-megapixel back and 8-megapixel sensor front camera.

Nokia 5
Price: 12,899
Display: 5.2-inch HD display
OS: Android 7.1.1 Nougat  
RAM: 2GB
Storage:16GB inbuilt storage and expandable up to 128GB
Battery Capacity: 3,000mAh battery and 4G LTE support
Camera: 13-megapixel sensor on the back and an 8-megapixel sensor at the front.

Nokia 3 Price
Price: INR 9,499
Display:  5-inch HD display has 2.5 sculpted Gorilla Glass on top.
Processor: MediaTek MTK 6737 quad-core processor
RAM: 2GB of RAM
Storage: 16GB storage and expandable up to 128GB
Battery: 2630mAh battery and sports a polycarbonate back.
Camera: 8MP camera on the front and the back and the rear camera has LED flash.


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The demand for the electronic goods in India is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 41% during the year 2017-20 to reach $400 billion (INR 25,788.56 Billion) by 2020, according to a joint study by industry lobby Assocham and NEC Technologies. The domestic manufacturing of electronic products which is currently growing at a CAGR of 27% may touch $104 billion, leaving a major gap for import to the extent of $300 billion (INR 19,344.51 Billion). As the India is becoming home for the middle-class people, the increased income has led to increased consumer demand for electronics goods especially advanced mobile phones, TVs and computers. This efflux is huge which shows a positive outlook for the industry, the study said. The study points that domestic production requires to meet the government's vision of turning India into a manufacturing hub. The Indian electronics and hardware market grew by 8.6% year-on-year to reach $75 billion (INR 4,836.13 Billion) in 2015, driven by rising local demand, according to the study.

The industry suggests that the government to focus on both infrastructural as well as at the policy level, increased importance has to be provide for increasing the percentage of local element produced in India. 
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The State Bank of India (SBI) said that for demonetisation it is likely to continue slowing down the nation's economy while negatively influencing its business, reported by Press Trust. In its Preliminary Placement Document to investors, pointed its concerns and possible risks before its INR 15,000 Crores share sale through private placement. The statement says that the demonetisation has and may continue to result in slow down of the Indian economy, which may adversely affect the banking business. The document says that there was an increase in the number of new current account and savings accounts deposits in banks. The bank expresses concerns that SBI risked facing increased competition from commercial banks and other lending institutions with a chance of losing out on profits if it fails to compete.

After its merger with five of its associates and the Bharatiya Mahila Bank in April, SBI rose to join the world's top 50 banks from its 2016 position of 55. The Centre had demonetised INR 500 and INR 1,000 notes in November-2016 as part of its crackdown against black money and corruption. The drive had led to a severe cash gnaw in the nation.
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A Renewable energy company 'Gamesa India' has inaugurated a manufacturing unit at Nellore, Andhra Pradesh. The company had invested around INR 300 Crores in the state. The Manufacturing unit was inaugurated by Chief Minister Chandrababu Naidu. This was the Company's largest manufacturing facility in India and which is one of the part of Gamesa's 100 million euro investment proposal for India as announced in 2014. The new manufacturing facility will engender the growth of several ancillary industries in the state. Presently, the plant employs nearly 500 personnel and will employ about 1,000 people in coming three years.

Ramesh Kymal (Chairman and Managing director Gamesa India) said that India accounts nearly 30% of sales for 'Gamesa Global', which makes the country a very promising market. The Nellore unit was the one of the largest manufacturing facility for the company in the world, Gamesa India will be integrated even more strongly to regale to the growing energy demands of the country. Jose Antonio Cortajarena (Chief corporate - general secretary, Gamesa) said achieving this milestone will clinch further expansion of clean energy footprint in India. Currently Gamesa is the India's leading wind turbine manufacturer with a total market share of 34%. It has commissioned wind power projects close to 3,500 Mw.
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In the Year 2016, India recorded a huge of 300 million Smartphones shipped, an increase of 18% from the 2015. India raised in the world smartphone market, which grew by only 3%, as per the data from Counterpoint Research. Indian brand phone makers, have little base for celebration. In the last three months of the year 2016, no Indian homegrown phone makers accent among the top five the first time that has ever happened.

Ideally, Samsung and Chinese brands prevail the market, pointing towards a tragic 2017 for local brands such as Intex and Micromax. Chinese manufacturers displayed their stretch sinew by taking up 46% of the market for new smartphones from October to December, up from 14% of the year 2016. India's notes ban damaged mobile sales from November onwards. That will likely roll into the new year as the ongoing shortages at some ATM's makes big-ticket purchases awkward.

Here we Present top five of 2016
Samsung – 25%
Micromax – 11%
Lenovo & Motorola – 9%
Intex – 7%
Reliance Jio – 6%
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 As the central government assured about contentious merchant discount rates, Petrol pumps across the country declared that they will accept debit and credit cards for now. The centre stated that merchant discount rate won’t be applied till 13th January. Petrol pumps across the nation have been declared to defer their protest against the banks decision to impose an extra charge on credit and debit card transactions. The late evening turnaround came after the government stepped in. 
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 Apple Inc plans to open its first retail store in South Korea, which is home sward of opponent smartphone manufacturer Samsung Electronics Co. Apple Inc, said on friday that the company is peppy about opening first Apple Store in South Korea, applauding the country as a leader in telecommunication and technology. The People amicable with the concern said in September that the company had looked at the sites in upscale Gangnam neighborhood in Seoul.

The budding location is within a stone's hurl of Samsung longtime headquarters in Gangnam, where Samsung has a three-story global flagship store. The Apple was also searching for a site on the fashionable Garosu-gil shopping street in the neighborhood.
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Indian budget airline SpiceJet Ltd. is awaited to order around 92 Boeing Co. 737 jetliners as the carrier plots quick augmentation in the world's fastest growing aerospace market. With this deal more than double SpiceJet's 49-plane fleet, which will be closed within weeks after prolonged talks that be marked Boeing against opponent Airbus Group SE, according to the sources.The 92 Max jets costs about $10.1 billion before the discounts that are usual for large purchases.

With the effect of this deal, SpiceJet would shut down operations for a day. Ajay Singh (Current chairman and co-founder) bailed outs for the low-cost carrier. Boeing will gain a stronger toehold in India. 
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The Existing and new Reliance Jio users will be able to use data, video, voice and all of Jio's features for free until March 31st, 2017. All the existing customers who already have free services till December 31st, 2016 will see this deal extended to them from January 1st to March 31st of 2017 and all the new customers can also benefited of this deal from December 4th, Mukesh Ambani (Reliance Industries Chairman) in an announcement today.  Reliance is calling this offer as 'Jio Happy New Year' offer. In this period, customers will also be able to test-drive digital recharge, billing experience, using JioMoney wallet. Ambani said Jio has also 'fine-tuned' its fair usage policy to ensure all users get fair share of network capacity. He added that since it Jio started operations, as many as 900 crore voice calls from Jio to the networks of its 3 largest competitors were blocked. In 83 days Jio has crossed 50 million customers...Jio is now the fastest growing tech firm, Ambani said. 
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French companies have reveals their interest in integrate with the Andhra Pradesh Government and making investments in urban infrastructure, smart cities, solar, urban development, renewable energy and sports. A alliance of 53 companies led by Alexandre Zieglar (French ambassador to India) visited the state on Wednesday and met AP CM N. Chandrababu Naidu and senior officials. They also showed interest in investments in sectors like water, transportation, waste, energy, communications and information technology. Many corporate companies showed their interest in ally with the state government in development of state capital Amaravati and Metro Rail projects in Vizag and Vijayawada.


The French ambassador was excite by the eager Amaravati development project and extol Chief Minister vision to develop a greenfield modern capital city. The French corporates have made presentation on their budding areas of concert. CM was impressed with the innovative ideas and technologies showcased by the French companies and welcomed their request to partnership with the Government of Andhra Pradesh. He requested the French companies to sign MoU's with the AP Economic Development Board and pursue succor on aerodynamic their entry and investments in the sunrise state. Chief Minister said that Andhra Pradesh an ideal place for investments with long coast line and copious mineral resources. Chief Minister welcomed the French business delegacy to invest in various sectors in the state by assuring necessary support and clearances within 14 days.
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The Potential in Kamuthi, Tamil Nadu has a capacity of 648 MW which covers an area of 10 sq/km. This is the largest solar power plant at a lone location taking title from Topaz Solar Farm in California, which has a capacity of 550 MW. The solar plant, built in an splendid eight months is cleaned every day by a robotic system and charged by its own solar panels.

At the full capacity, it is estimated to produce ample electricity to power about 1,50,000 homes. The project is comprehend of 2.5 million individual solar modules, and costs $679M (INR 46.51 Billion) to build. The new project has helped butt India's total installed solar capacity across the 10 GW mark, as per the statement by research firm Bridge to India. As the solar power increases, India is expected to wax the world's third-biggest solar market from next year on wards, after China and United States. India still needs to increase its take-up of solar panels if it is to achieve the aspiring targets set by the government. By the year 2022, India aims to power 60 million homes by the sun. It is part of the government's goal to produce 40% of its power from non-fossil fuels by 2030. This aim has been applaud by environmental groups and is anticipate will also help reduce the country's problem with air quality. 
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Suzlon Group has bagged an 50 MW wind power project in Anantapur, Andhra Pradesh. Suzlon a leading global renewable energy solutions provider, announced winning this order. ‘The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW.  The project was scheduled for completion by March 2017. This order win takes the current year's total order portfolio with the business house to 84 MW, out of which 33.60 MW was announced earlier as a part of order wins from SME’s. Suzlon will provide comprehensive operation and maintenance for a period of 20 years, and it also includes staunch life cycle asset management services to the project. The project has potential to provide power to over 27,000 households and reduce 0.10 million tonnes of CO2 excretion per annum. Suzlon Group CEO JP Chalasani said our focus is to bring down the cost of energy by investing in technologically advanced products and thereby enable renewable energy to make the move from alternative to mainstream energy. Suzlon's competitive edge is the end-to-end solutions approach and we will continue to offer turnkey solutions for our customers. The S9X 2.1 MW platform features the time-tested Doubly Fed Induction Generator (DFIG) technology which is designed to optimally harness available wind resources. It not only delivers higher energy yield, but also offers higher return on investment for customers.
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Gross of Non-Performing Assets (NPA's) at State Bank of Hyderabad (SBH) jumped 196.2% to INR 15,306.98 Crores at the end of the September quarter from INR 5,167.80 Crores a year ago, SBH reported a second quarter net loss of INR 776.64 Crores due to higher provisions. The bank has declared a net profit of INR 375.31 Crores in the last year same quarter. The loss was confined due to tax write-back of INR 197.12 Crores against tax expenses of INR 189.87 Crores.

Net Interest Income (NII) falls 1.38% to INR 1,111.56 Crores in the September quarter from INR 1,127.06 Crores last year. Other income increased 73.3% to INR 569.59 Crores from INR 328.68 Crores in the same period last year. Employee cost fell 24.3% from a year ago to INR 261.38 Crores. Gross Non-Performing assets (NPAs) at SBH jumped 196.2% to INR 15,306.98 Crores at the end of the September quarter from INR 5,167.80 Crores a year ago. As a percentage of total loans, gross NPAs were at 13.66% at the end of the September quarter as compared to 4.92% in the previous year. Provisions and contingencies surged 755% to INR 2,074.94 Crores in the quarter from INR 242.70 Crores a year ago. Net NPAs were at 8.64% in the September quarter compared to 2.39% in the last year.
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There are various reasons for investing in India how could boost the Chinese capital's wallop in the Indian economy, a Chinese specialist says. Investing in India is an assured choice of capital, which essentially stalk profits, said Ge Cheng (Assistant Research Fellow at the National Institute of International Strategy of the Chinese Academy of Social Sciences). The spiral flows of Foreign Direct Investment (FDI) into India don't aim to make contributions to India, but instead are charm by the promising profit probability accredit by the economy's growth and an array of favorable policies, Ge Cheng have wrote in the Global Times. Based on the practical thoughts, India is simply seek to improve its investment environment and revise its rules and regulations.

Ge Cheng pointed out how the Indian Government had updated FDI rules, raising the foreign investment capital to 49% from 26%, except in state-owned banks and listed companies. The threshold limit for automatic approval has also been slacken to INR 500 billion ($7.4 billion) from INR 300 billion, Cheng said. 
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As Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China on Thursday said that any such actions will negatively impact the India-bound investments from its enterprises and also the bilateral co-operation between the both countries. China also contend that any such boycott have no much impact on its exports, but without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers. In a statement issued the Chinese embassy has said China is the world's largest trading nation in goods, with its exports amounted to $2,276.5 billion in 2015 . The exports to India accounted for only 2% of China's total exports and India's boycott of Chinese goods will not have much impact on China's exports. 

Moreover 60-70% of Indian API's for pharma industry are from China. China has played an crucial role in Indian pharmaceutical industry march to the European Union and America market. China also exported a lot of electronic and household products which are attractive both in price and quality. Chinese products not only lowered India's inflation rate, but also fulfilled Indian ordinary people, especially the low-income people's daily needs, greatly improved their life quality, the statement said.
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