Driven by government initiatives like production-linked incentive (PLI) scheme, the electronics manufacturing services (EMS) sector is likely to grow to Rs 6 lakh crore in FY27 from Rs 1.46 lakh crore in FY22, and do well over short to medium term, a report showed on Monday.

The electronics manufacturing sector is on the cusp of a transformative journey, projected to grow at a robust CAGR of 26 per cent between the calendar year 2023-2030, reaching $500 billion.

India is emerging as a preferred global destination for electronics manufacturing due to increasing assembly activities and unprecedented demand in the electronics manufacturing services (EMS) sector, particularly in mobile phones, automotive, and industrial segments, according to the report by Motilal Oswal Wealth Management Ltd.

Favourable government policies such as the PLI schemes and the Semicon India programme, increasing domestic demand, and a robust push toward self-reliance is further propelling the opportunity.

The mega success story of Unified Payments Interface (UPI) continues, and it would be no surprise if the number of UPI transactions touches 25 billion a month towards the end of 2025, industry experts said on Monday.

After reaching a record high in October 2024 of 16.58 billion transactions and a value of Rs 23.50 lakh crore, UPI transactions in November stood at 15.48 billion transactions (38 per cent year-on-year growth) with a value of Rs 21.55 lakh crore (24 per cent YoY growth).

According to Sunil Rongala, SVP, Head–Strategy, Innovation and Analytics, Worldline India, October being the festive season saw a spike in transactions, which is usually seen across all spending channels.

“The number to consider is September 2024 transactions which was 15.04 billion indicating that UPI transactions are generally on a secular rise month-on-month,” he said.

The dip in India’s Q2 GDP growth is temporary, driven by seasonal monsoon effects and election-related factors, and should begin to correct by January-March period (Q4) FY25, according to industry experts.

For equity markets, this data is unlikely to have a significant impact.

“Any short-term dip in market sentiment could present an opportunity for investors with surplus funds to build long-term positions, given the underlying strength in key consumption and service sectors,” said Dr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital.

There are several encouraging signs within the data, like private consumption grew at an impressive 6 per cent, significantly higher than both the overall GDP growth rate and the 2.6 per cent recorded in Q2 FY24.

Samsung Electronics, a pioneer in the semiconductor industry, is facing significant challenges as the global memory market shifts toward artificial intelligence (AI)-focused technologies.

The company's three-decade reign as the world's leading memory chipmaker is under pressure, largely due to its slower response to the growing demand for high bandwidth memory (HBM), a critical component in AI accelerators, reports news agency.

The tech giant entered the semiconductor business in December 1974 after acquiring Korea Semiconductor under the vision of late Chairman Lee Kun-hee and quickly established itself as an industry leader.

In 1983, the company developed its first 64-kilobyte DRAM, paving the way for breakthroughs like the industry's first 64-megabit DRAM in 1992 and the world's first 1-gigabit DRAM in 1996.

Office rentals have shown a consistent increase in India's 10 top cities with Pune emerging as the leader with a compound annual growth rate of 6.9 per cent over the last 12 years, according to a commercial property rental index launched by the Indian Institute of Management-Bangalore (IIM-Bangalore) in collaboration with CRE Matrix.

The first edition of the index focuses on Grade A/A+ office assets of the top 10 Indian cities - Bengaluru, Hyderabad, Mumbai, Gurugram, Pune, Chennai, Noida, Navi Mumbai, Delhi and Thane, which covers 90 per cent of India's Grade A/A+ office stock. Indices for 36 macro-markets from each of these cities have also been recorded.

According to the report, in the last 12 years, IIMB-CRE Matrix CPRI was recorded for 10 cities across 50 quarters. In 74 per cent of instances, the index witnessed an increase on a Q-o-Q basis. Post-pandemic, since Q2 2022, 92 per cent of Index instances witnessed an increase on a Q-o-Q basis.

India is projected to dominate oil and gas transmission pipeline length additions in Asia by 2028, according to a new report.

India is expected to account for more than 40 per cent of the region’s total pipeline length additions by 2028, said the report by GlobalData, a leading data and analytics company.

It revealed that India is likely to witness the start of operation of more than 50 planned and announced pipelines by 2028, adding a total transmission pipeline length of over 26,000 kms.

Of this, around 24,000 kms length additions would be from the planned pipelines that have received necessary approvals for development.

Adani Power on Thursday said it has achieved an exceptional score of 67 (out of 100) in the corporate sustainability assessment (CSA) by global rating agency S&P Global for FY 2023-24.

This compares to the sectoral average of 42 and Adani Power's own FY23 score of 48. With this score, Adani Power Ltd (APL) is in the top 80 percentile of all global electric utilities.

In several elements of CSA score like human rights, transparency and reporting, water, and waste and pollution, it is in the top 100 percentile. In three more – energy, occupational health and safety, and community relationship – it is in the 90 percentile or above category, said the company.

The production of some key minerals in the country has continued to witness strong growth during the first seven months of FY 2024-25 (April-October), after reaching record production levels in FY 2023-24, according to the data released by the Ministry of Mines on Thursday.

Iron ore accounts for 69 per cent of the country's total mineral production by value. The production of iron ore was 274 million metric tonne (MMT) for the full financial year 2023-24.

As per provisional data, production of iron ore has increased from 152.1 MMT in the first seven months FY 2023-24 (April- October) to 158.4 MMT in FY 2024-25 (April-October), showing a healthy 4.1 per cent growth.

Production of manganese ore has risen by 11.1 per cent to 2.0 MMT in FY 2024-25 (April- October) from 1.8 MMT during the corresponding period of previous year. Production of bauxite has risen by 11.3 per cent to 13.8 MMT in FY 2024-25 (April- October) from 12.4 MMT in FY 2023-24 (April- October).

Abu Dhabi's International Holding Company (IHC) on Thursday said its outlook on investments in the Adani Group remains unchanged despite the US indictment of some of the conglomerate officials.

In a statement, IHC which is one of the largest sovereign funds that manages assets worth $100 billion, said their “partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors”.

“As with all our investments, our team continues to evaluate relevant information and developments. At this time, our outlook on these investments remains unchanged,” the IHC added.

In April 2022, the sovereign fund invested nearly $500 million each in the renewables arm Adani Green Energy and power company Adani Transmission and a further $1 billion in the group's flagship Adani Enterprises.

India’s gig economy could add 90 million jobs, enabled by large multinationals, and add 1.25 per cent to the country's GDP over time, according to a report on Thursday.

Gig economy supports sectors such as e-commerce, transportation and delivery services, among others, and the market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by 2024, according to the report by The Forum for Progressive Gig Workers.

Gig economy has created millions of non-farm jobs, with e-commerce alone generating over 16 million roles.