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Business Standard

Tactically cautious on India, Fed rate cut quantum a surprise: Chris Wood

If the US Federal Reserve (US Fed) rate cut is combined with a weaker dollar then the EMs (ex-China) should do well

Business Standard

EMS to consider funds raising on Sep 19

EMS announced that a meeting of its board will be held on Thursday, 19 September 2024 to consider and approve the proposal of raising of funds by way of issuance equity shares or any other eligible securities.

CNBC TV18

Port Shelter CEO advises investing in EMs and smallcaps

Richard Harris, the Chief Executive of Port Shelter Investment Management said that emerging markets, particularly India, are attracting international investors due to their strong economic growth and stable conditions.

CNBC TV18

Geoffrey Dennis prefers India over China, cites two key factors dragging EMs

Dennis believes that if the Fed continues to cut rates over the next several meetings, the dollar will likely decline, albeit not drastically.

Business Standard

CCI gives nod to Dixon Technologies to acquire stake in Aditya Infotech

Fair trade regulator CCI on Tuesday granted its approval to Dixon Technologies' proposal to acquire a stake in Aditya Infotech Ltd. Dixon Technologies (India) Ltd is involved in the business of providing Electronic Manufacturing Services (EMS). It provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables, among others. The regulator also cleared the acquisition of a stake in AIL Dixon Technologies by Aditya Infotech Ltd (AIL). "Commission approves the subscription of certain shares of Aditya Infotech Ltd (AIL) by Dixon Technologies (India) Ltd and the acquisition of certain shares of AIL Dixon Technologies Pvt Ltd by AIL," CCI said in a post on X. AIL Dixon Technologies is a joint venture (JV) company between AIL and Dixon Technologies India. It is engaged in manufacturing and assembling of ESS. During FY24, the JV recorded a revenue of Rs 632.62 crore. Aditya Infotech is engaged in the business of sourcing, distributing and marke

The Economic Times

Electronics component manufacturing push may not lead to as big a jobs surge as expected: Industry executives

Typically, in the EMS business, 10 or more jobs are created for every Rs 1 crore investment, while in components, it is around four. This fewer number of jobs also require more technical qualifications and cannot be substituted by mass recruitment seen in mobile phone assembly lines.

The Economic Times

India still looks more attractive than other EMs; macro environment very stable: Pratik Gupta

​Oil and gas is another sector where we are seeing companies embarking on very heavy capex. There is a lot of dependency on government policy regulations, capital allocation remains a concern and valuations are not necessarily cheap. So, oil and gas is another one.

The Economic Times

Dixon Tech, Amber Enterprises in EMS sector could give 13-19% return. Here’s why

India's electronic manufacturing sector had experienced substantial growth due to government measures like the PLI schemes. Companies such as Dixon Technologies and Amber Enterprises benefited from these initiatives, positioning themselves as key players. Further efforts were required to enhance component manufacturing and self-sufficiency.