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India overtakes China in M&A fees for western banks for the first time in 2022. World's largest investment banks will earn more dealmaking fees in India this year than in China. (FT)

https://www.ft.com/content/eb1fee30-3515-4696-bc40-f032aa22fa6f

#Economy
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Urgently needed.

#MemeOfTheDay

But its not a meme.
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Forwarded from Defence Squad (Defence Squad)
Arnala, the first of 8 anti-submarine warfare shallow water craft (ASW SWC) being built by GRSE for the Indian Navy was launched today at L&T, Kattupalli, Chennai.
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Google Files will soon be adding DigiLocker integration and document detection to the app.
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Indian Development News ๐Ÿ‡ฎ๐Ÿ‡ณ
Google Files will soon be adding DigiLocker integration and document detection to the app.
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World exported toys worth $73.2 billion in 2021. China exported $48.5 billion & Indiaโ€™s exports were a minuscule.

India to extend the PLI scheme in manufacturing toys and replicate smartphone success.

#Trade #Exports #MakeInIndia
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Japan's Oriental Yeast Company has invested Rs 900 crore in India through its subsidiary to set up a yeast manufacturing plant in Khandala MIDC, Satara in Maharashtra.
#MakeInIndia

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Bengaluru-based technology solutions provider Axiscades said it has "bagged repeat work order to provide engineering services for product design and development and plant engineering for all Airbus aircraft programmes".

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India has negotiated for local assembly of the worldโ€™s most advanced High Altitude Long Endurance (HALE) combat and reconnaissance drone, MQ9B Sea/Sky Guardian. These are more capable follow-ons of the iconic Predator.

โ€œThrough assertive negotiations, instant acquisition proposal has been leveraged for assembly of at least 60 % of the quantity of aircraft proposed for procurement in India,โ€ Chief of Naval Staff Admiral R Hari Kumar told Businessworld in an exclusive interview.

A Tri-services case for the procurement of 30 MQ9B from the US under the Government-to-Government Foreign Military Sales (FMS) route is under process.

Initially estimated at $3 Billion, the deal will also involve โ€œcollaboration with DRDO for transfer of certain niche technology required for indigenous D&D of HALE RPAS in India,โ€ Admiral Hari Kumar disclosed to Businessworld.

#Defence #India
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"The days when Afghanistan was used by others as so-called "strategic depth" are over", says India at UNSC.

#Geopolitics
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India exported 50,000 crore worth smartphones in eight months of FY23. More than 40% of the 50,000 crore smartphones exported are iPhones.
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