Deepak Jain

INR at All-Time Lows Ahead of RBI Policy Meeting 📉 ➡ RBI's August Meeting: Anticipated 4-2 vote to maintain policy rate and stance. ➡ External Members' Final Meeting: Dr. Ashima Goyal & Prof. Jayanth Varma likely to dissent. ➡ Hawkish Commentary Expected: Focus on food price risks to inflation, optimistic growth projections, and urging banks to adjust credit-deposit ratios. ➡ Headline Inflation Priority: RBI’s primary focus remains headline inflation over core. ➡ Future Projections for FY25: Anticipating 75 basis points rate cuts starting October due to low underlying inflation, high real rates, and weaker demand. Source: https://lnkd.in/gDtmzZDH Convera Sizer Metals Pvt. Ltd. Sizer Metals Pte Ltd #sizermetals #sizermetalspteltd #abizertambawala #metalindustry #MetalsMarket #INR #RBI #PolicyMeeting #Inflation #Economy #FinancialNews #Banking #InterestRates #MonetaryPolicy #EconomicUpdate

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Can the paint industry brush off challenges? With price cuts ending and focus on waterproofing and urban growth, is a turnaround on the horizon? Hear from Abhijit Roy of Berger Paints India! Watch the full interview here: https://lnkd.in/duPNhhdU Anisha Jain Nikunj Dalmia Times Network

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We are pleased to share that CRISIL has upgraded Vedanta Limited's long-term credit rating to AA and reaffirmed the short-term rating at A1+ on account of improved capital structure, better financial flexibility and strong volume growth over the past quarters. Following our efforts on deleveraging and strengthening the balance sheets, this marks our second major credit rating upgrade, accompanied with ICRA’s AA rating in September. #Vedanta #DeshKiZarooratonKeLiye #CreditRating CRISIL Limited

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Who are India's first critical mineral miners? #Vedanta, #JindalPower, #ShreeCement, #Dalmia, #Ola, and the state-owned #NLCIndia had participated in the auction. All but one major company has won contracts for critical mineral mining. #AgrasenSponge, #KundanGoldMines, #DalmiaBharatRefractories, #SagarStoneIndustries, and #MaikiSouthMining won the bids. Six #criticalmineral blocks encompassing #graphite, #manganese, #phosphorite, #lithium, and #rareearthelements were up for auction. These blocks are situated across #Odisha, #TamilNadu, #UttarPradesh, and #Chhattisgarh. 👉 https://mybs.in/2dWhPhY Business Standard

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In this turbulent global markets, oil and energy markets movements are great indicators for a forecast. Privileged as ever to be featured as a speaker at the Gulf Insights Energy talk in the presence of esteemed panelists from across the world Gulmira Rzayeva and Jose Chalhoub and expertly moderated by Frank Kane . Key points ; 1) Ongoing COP29 in Azerbaijan , despite initial hiccups and lack of presence of many global leaders, has a role to play in the global energy transition. It might need a restructured format 2) USA election results can play a dampener on the transition efforts. 3) India's energy transition road map remains unchanged , balancing the need for fossil fuels to drive the economic growth and the need for lowering carbon footprint. LNG will play the role of the "crucial fuel" in the transition path. 4) USA election results have been treated positively in India despite threats to the global trade. 5) Outlook for oil prices are neutral to bearish due to subdued demand forecast, especially in China and steady supplies. Thanks Gulf Intelligence , Medilyn Singh and Sean Killian Evers for the invitation. Recording to the talk can be accessed on You Tube as well as the podcast on Spotify as below https://lnkd.in/dNHQEdEF https://lnkd.in/dPVvHxZz Invite critical comments #Oil, #Energy, #usaelections, #India, #cop29, #China, #LNG,

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Is India In The Race To Adopt Hydrogen For Sustainability? The importance of sustained policy support cannot be overstated in accelerating hydrogen adoption immensely. There has been immense support from the government including incentivizing hydrogen production, bolstering infrastructure development, and promoting vehicle deployment through targeted measures like tax breaks, subsidies, and robust regulatory frameworks. Thus, the collaboration between government and industry leaders will be essential to advance R&D efforts, tackle technological barriers, and drive down costs associated with hydrogen technologies. Read more.. https://lnkd.in/gnq-gMNR

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India’s Economic Growth And Its Implications For Supply Chain Management Key drivers of this growth include structural reforms such as the Production Linked Incentive (PLI) scheme, designed to bolster manufacturing and exports while creating a more attractive environment for foreign investment. India’s logistics sector is transforming, driven by substantial investments in infrastructure and supportive policy measures. Policy support is also pivotal, with initiatives such as the Gati Shakti Master Plan aiming to provide multimodal connectivity to industrial clusters, thus reducing logistics costs and boosting efficiency. Furthermore, the Make In India initiative seeks to strengthen domestic manufacturing capabilities, aligning with the country’s broader economic objectives and supporting its overarching growth strategy. Enhanced trade competitiveness is a key outcome, with reduced transportation costs, minimized lead times, and optimized inventory management driving India’s improved position in global trade. https://lnkd.in/gKYN_zV5 Gati Shakti Engineers Ministry of Road Transport & Highways - India Ministry of Ports , Shipping and Waterways (India) Ministry of Electronics and Information Technology Ministry of Commerce and Industry, Government of India

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News 👉 China has imposed quota on flaky graphite & synthetic graphite exports Reaction 👉 HEG & Graphite India +25%-30% in few sessions Incred fact check 1⃣ Graphite electrodes for EAFs (Electric Arc Furnaces) are manufactured from needle coke, not directly from graphite itself 2⃣ HEG neither mines natural graphite nor produces synthetic graphite for use in EV batteries 3⃣ HEG proposed establishing a plant for synthetic graphite production which is a few years away

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Great initiative by our Group to invest INR 28k crore in various sectors in Bihar. Government of Bihar need to put its best effort to ensure smooth implementation of projects proposed, such that Adani Group as well as other Groups invest in Bihar. Law and Order and basic infrastructure hve been major issue in Bihar. If Govt ensure better law ad order situation in Bihar, major business group will be willingly coming to Bihar. Time of Government jobs are over and Governments need to focus on investment by major private companies to create job on ground. Many of talented guys waste/under-utilise his/her potential due to unavailability of adequate opportunity in Bihar. Hopefully, situation will improve in Bihar.

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👥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐢𝐞𝐬: 𝐖𝐨𝐫𝐭𝐡 𝐭𝐡𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐫 𝐉𝐮𝐬𝐭 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐉𝐚𝐫𝐠𝐨𝐧? The recent Rs132 crore contract awarded by BSNL to BCG for a revival roadmap has sparked a whirlwind of opinions. Let's take a closer look. While it's clear that BCG's recommendations could potentially save BSNL around Rs950 crore annually by laying off 19,000 employees (assuming an average salary of Rs5 lakhs per employee), one can't help but wonder: was a Rs132 crore contract really necessary to reach this conclusion? The decision seems to raise more questions than answers. 🔍 𝐓𝐡𝐞 𝐑𝐞𝐚𝐥 𝐂𝐨𝐬𝐭: Engaging high-profile consultancies often comes with a hefty price tag, sometimes equivalent to the annual salaries of thousands of employees. In BCG’s case, their fee equals the annual salaries of approximately 3,000 BSNL employees. This stark contrast could be seen as an imbalance of priorities. 💼 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐍𝐮𝐚𝐧𝐜𝐞𝐬: It's important to consider that the cost of BCG's services might be linked to the commercial construct of the contract. It's likely not a fixed price deal, but rather outcome-linked. Identifying 19,000 employees for redundancy in a bureaucratic firm like BSNL could have been a long, drawn-out project, potentially driving up fees. 💡 𝐌𝐢𝐬𝐚𝐥𝐢𝐠𝐧𝐞𝐝 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬? The fee-based nature of consultancy firms can sometimes lead to misaligned incentives. Are the decisions made truly in the best long-term interest of the company, or are they influenced by the hefty fees involved? 🚀 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝: To justify such a substantial expenditure, the outcomes must not only meet but exceed expectations. As we navigate through this debate, it’s crucial to ensure that the focus remains on sustainable growth and development for BSNL, ensuring the welfare of its employees and stakeholders. 🔗 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧: 𝑾𝒉𝒂𝒕 𝒂𝒓𝒆 𝒚𝒐𝒖𝒓 𝒕𝒉𝒐𝒖𝒈𝒉𝒕𝒔 𝒐𝒏 𝒕𝒉𝒆 𝒄𝒐𝒔𝒕 𝒗𝒔. 𝒃𝒆𝒏𝒆𝒇𝒊𝒕 𝒐𝒇 𝒔𝒖𝒄𝒉 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔? 𝑳𝒆𝒕'𝒔 𝒅𝒊𝒔𝒄𝒖𝒔𝒔! https://lnkd.in/gqBJWKSN #HRLeadership #HRStrategy #HRLeaders #HumanResources #TalentAcquisition #Recruiting #JobSearch #CareerAdvice #HRTech #JobOpening #Hiring #JobSeekers #CareerGrowth #Leadership #CorporateLeadership #PeopleAndCulture #HeadHR #CHRO #HeadOfHR #HRM #JobHunt #JobOpportunity #Recruitment #EmployerBranding #HRInnovations #HRManagement #HRMatters #HRProfessionals #HRCommunity #HRRecruiting #HRMinds #HRExperts #HRTrends #WorkplaceCulture #HRTransformation #HRBestPractices #FutureOfWork #EmployeeEngagement #DiversityAndInclusion #TalentManagement #ExecutiveSearch #EmployeeExperience #OrganizationalDevelopment #WorkforcePlanning #TalentStrategy #HRConsulting #HRInsights #HRAnalytics #HumanCapital #HRSupport #WorkforceDevelopment

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Surging profit of BCCL is a turnaround and a positive move towards the bright future.

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UltraTech Cement's acquisition of a 32.72% stake in India Cements represents a strategic masterstroke. With this move, UltraTech, a titan of the Aditya Birla Group, isn't just mixing aggregates; it's cementing its dominance in the Southern market. Kumar Mangalam Birla's statement about propelling India towards global building solutions underscores a vision that goes beyond mere numbers. This acquisition, alongside the recent greenfield projects and the takeover of Kesoram Industries' cement business, positions UltraTech as a colossus straddling the subcontinent's construction landscape. The Rs 3,945 crore transaction, pending regulatory approval, is a chess move in the larger game against rivals like Adani's Ambuja Cement and ACC. While India Cements struggled with losses, UltraTech's financial muscle and market acumen offer a lifeline. This consolidation not only strengthens UltraTech's market share but also signals a broader trend towards industry consolidation amidst a fiercely competitive environment. For legal practitioners, this acquisition is a fascinating case study in mergers and acquisitions, showcasing the intricate interplay of regulatory compliance, strategic market positioning, and the art of negotiation. As the cement giants vie for supremacy, the legal intricacies of such high-stakes deals provide rich material for analysis and reflection. #UltraTechCement #IndiaCements #AdityaBirlaGroup #CementIndustry #MergersAndAcquisitions #LegalInsights #MarketConsolidation #StrategicInvestment #CorporateLaw #IndustryDynamics #Mergers

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I would like to thank all the 180+ participants of 5th CII Jharkhand ICTE Conclave for making the same a resounding success. We have received very good feedback from participants, sponsors and presenters - most of whom travelled from different parts of the country. From the modest start of 40 participants 5 years ago, we are now close to hitting 200 participants and hopefully will look for an even bigger venue next year thanks to your encouragement and enthusiastic support. This was the first time the event happened in the #Taj and thanks to Vivanta for an excellent environment Sincere gratitude to Mr Ranjot Singh, Ujjal Chakraborti , Tapas Sahu , Prabhat Kumar , Shivam Kamani and Kunal Yadav for making the plenary engaging and insightful I summarize some of the key learnings for those of you who missed out 1. AI is here to stay, though the path to value will be long, messy and arduous. In order to derive value from AI one has to get good quality data. Good quality data is - Clean data, which is labelled and has the business rules and logic defined that govern its usage 2. Mother tongue is the new coding language displacing English. A company in Gujarat has taken all its SOPs and used AI technology to make them accessible to workers on the shop floor through two way speakers, where the worker asks the question in Gujarati and the speaker answers in Gujrati. A la the UPI speakers that thank us for making payments in cobbler and vendor stores 3. Prompt engineering is the key skill to learn. One can use the acronym POEM - Define Personality, Set Objectives, Ask Examples and create the tone for Manners to remember how to write good prompts. The rest is a matter of practice, practice and practice 4. Hallucination is intrinsic to Generative AI. It will never go away. AI will always be probabilistic and very good at generating options and deriving insights in a way humans can’t. The Deterministic Decisions have to be taken by humans. 5. Small and medium Enterprises need to get started. The first step is to study the subject matter by getting certified. The second step is to use a lot of freemium tools available. The third step is to experiment small with increasing personal productivity via intelligent automation. In parallel one should select the impactful use cases and organize the data needed to cater to them 6. The current technology cost from the large providers does not work for small and medium enterprises. With the growth of technology there has been a request from CII to the Govt of India to see if software can be build like a “Public Good for Enterprises” - an UPI equivalent for the enterprise suite of ERP, CRM, HRM and MES for SMEs 7. It is imperative that we work on the ART of AI - Accountability, Responsibility and Transparency from Day One. But getting started is not an option given that it is an exponential technology and likely to become GPT - general purpose technology soon #CII #MSMEs #Jharkhand #technology #AI

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Odisha Economy: (TOI) - Manufacturing contributes to 54% of Odisha’s Industry GSVA. - Mining contributes 22%, followed by construction and services. - Odisha is currently India’s largest Steel producer and a significant contributor to India’s aluminum output. - If POSCO + JSW come together and AM/NS’s steel plant at Kendrapara goes through, will add significant jobs and output to Odisha’s steel production.

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Amidst ongoing war related disruptions in M.E region, India’s interest of procuring crude oil from M.E regions has started to cool down. This was evident from the import data of Metalogic PMS which reflects that out of top 5 regions from where India has been importing crude from past few years, 3 are from Middle East market. As the ongoing Gaza-Hamas war which initiated late in 2023 signals at no stoppage anytime soon and is giving further signals of escalation, the Indian market has started to reduce their crude oil imports from the M.E market and started procuring the energy commodity from other regions, especially Russia and U.S. The trend is visible (in graph) since the last 2 weeks where it can be seen that Russia and US crude oil imports has gained on the behalf of decline in crude oil imports from all major M.E region. For crude oil imports from Russia, it can be seen that the country’s appetite for Russian crude was gradually slowing down on absence of huge discounts offered by Russian refiners since its war begun and sanctions were imposed by Western world. For now, the Russia crude is only $3 - $4 per barrel lower priced than crude offered by gulf regions. The factor made Indian refiners increase their imports from other regions as well including Gulf market. However, seeing the rising tensions in M.E regions and domestic refiners wanting to take no risk while sourcing the crude barrels and secure their cargos, they have again shifted their interest in Russian and U.S markets. Import stats: In June, India imported 1.97 million bpd of crude oil from Russia which constituted around 42 percent of total crude oil imports in the month. Private sector refiners in India accounted for 44 percent of the total Russian crude imports in June, an increase from 40 percent in May. Iraq's supplies to India experienced a 22 percent decline in June, amounting to 754,000 barrels per day (bpd), while imports from Saudi Arabia decreased by 36 percent to 387,000 bpd. However, the United States witnessed a 63 percent increase in supplies to Indiareaching 330,000 bpd. https://lnkd.in/gFe9vfC8 Indian Oil Corp Limited #oil Bharat Petroleum Corporation Limited Shell Surgutneftegas Gazpromneft- NTC LUKOIL Chevron Marathon Petroleum Corporation Oxy Devon Energy ExxonMobil Ministry of Petroleum and Natural Gas Govt of India

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Visionary Leadership: The Impact of Sajjan Jindal on Indian Industry🌍 Sajjan Jindal is an influential Indian industrialist and the Chairman and Managing Director of JSW Group, a leading conglomerate with interests in steel, energy, infrastructure, and cement. Jindal’s strategic acumen and commitment to excellence have earned him recognition as a key figure in the GLOBAL STEEL INDUSTRIES.🏗️ 📈 6 Stepping Stones on Sajjan Jindal's Steel Path: 1. From Galvanizing to #Diversification 2. Acquisitions and Expansion Fuel Growth 3. Focus on Innovation and Technology 4. Global Ambitions and Partnerships 5. Sustainability and Social Responsibility 6. Beyond Steel These are just some of the key stepping stones that have shaped Sajjan Jindal's remarkable journey with JSW Steel. His combination of diversification, strategic acquisitions, technological #innovation, global expansion, and commitment to sustainability have propelled JSW into a leading Indian steel manufacturer with ambitious plans for the future. #SajjanJindal #Leadership #JSWGroup #IndustrialInnovation #BusinessSuccess #IndianIndustry

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