India and the US signed an agreement to strengthen supply chains for lithium, cobalt, and other critical minerals.  The MOU aims to build resilience in the sector, focusing on exploration, extracti...

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- **India** and the **US** signed an agreement to strengthen supply chains for **lithium, cobalt**, and other critical minerals.
- The **MOU** aims to build resilience in the sector, focusing on exploration, extraction, processing, and recycling.
- **Goyal** emphasized the need for open supply chains and third-country engagement, including **Africa** and **South America**.
- The deal falls short of a full trade agreement, unlike the **US-Japan** deal.
- **India** currently imports 100% of its critical minerals, with **China** as a key supplier.

Source: [Hindustan Times](https://www.hindustantimes.com/world-news/us-news/india-us-sign-pact-to-cooperate-on-critical-battery-mineral-supply-chains-101727992408485.html), [The Hindu](https://www.thehindu.com/business/Economy/india-us-exploring-combined-engagement-with-third-countries-to-source-minerals-piyush-goyal/article68715389.ece)

India and US Forge Critical Minerals Pact

Journalist

India and US Forge Critical Minerals Pact- Grapevine

- Maldives' President Mohamed Muizzu and Indian PM Narendra Modi held talks, promising to strengthen strategic cooperation.
- India approved a $400 million and a 30 billion rupee currency swap agreement to aid Maldives' economic recovery.
- India and Maldives will start talks on a free trade agreement, aiming for stability and progress in the Indian Ocean region.
- Much of Maldives' debt is owed to China and India, with fears of default following a hit to the tourism industry by COVID-19.
- Despite initial tensions, relations between Maldives and India are improving, with India being a key partner in Maldives' development.

Source: [Reuters](https://www.reuters.com/world/india/maldives-president-muizzu-meet-indias-modi-amid-economic-woes-2024-10-07/)

Maldives and India Pledge to Boost Strategic Cooperation

- Russia has been secretly acquiring sensitive goods in India to support its war effort, according to leaked documents.
- Moscow planned to spend Rs.82 bn on critical electronics through hidden channels, avoiding western scrutiny.
- The plan involved using rupees from booming oil sales to India to buy dual-use technologies.
- Russia aimed to establish electronics production facilities in India to secure components.
- The covert trade has deepened Russia-India ties, causing friction with the US. 

 Source: [Financial Times](https://www.ft.com/content/101afcd6-8e6f-4b5f-89b0-98f48cd5d119)

Russia's Secret Trade Channel with India Exposed

- Prime Minister Narendra Modi and Singapore's Prime Minister Lawrence Wong signed four MoUs to enhance bilateral relations.
- The agreements cover digital technologies, semiconductor development, healthcare, and educational cooperation.
- Modi's visit to Singapore is part of a two-day trip, following a successful visit to Brunei.
- The leaders reviewed key areas like advanced manufacturing, connectivity, and sustainability.
- Modi will also meet Singaporean President Tharman Shanmugaratnam and other senior officials. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/india/india-and-singapore-strengthen-ties-four-mous-signed-during-pm-modis-visit-12814783.html)

India and Singapore Forge Stronger Ties with Four MoUs

Govt has signed an FTA with Switzerland, Norway, Iceland and Liechtenstein (EFTA bloc) where they will invest $100 billion in India to get access to free-trade benefits in India. It is expected to generate around 1 million more jobs in India and net around $300 billion worth of capital inflow.

This deal will open opportunities to sign many more such deals with other partners (like EU) and reduce our trade deficit dependencies on China. We've been progressing discussions for an FTA with EU for the past few years and this seems seems like a massive step in that direction.

Massive $100bn investment deal between India and EFTA

Software Developer

Welcome to Personal Finance's Private Community

Curious to learn about what sectors will see more action in the run up to 2030 where we are slated to become a $5trn economy and lots of companies have done Capex investments across sectors. What specific sectors, companies (listed or startups ) will benefit. Collective logic and name taking might help us all

5 trn economy, which sectors will benefit in startups and stock markets

Growth Manager

Dedollarization is in progress, says Russian FM Lavrov

It's true, yet it's surprising that more people aren't discussing these global issues:

- China is dumping US Treasury bonds at a record scale.

- JPY is worst-performing currency among G10. 
Japan, one of the largest holders of US Treasuries, could stabilize its currency by selling bonds in the open market.

- The primary reason for the USD's demand, the Petro-Dollar agreement, whichrecently expired after 50 years.

- Major oil-producing countries, aside from Saudi Arabia, are showing interest in joining BRICS. Saudi Arabia is considering the both options.

- Central banks across the globe are increasingly accumulating precious metals(Gold & Silver)

- There is a rise in bilateral agreements between countries, focusing on trading with their own currencies.

- BRICS might launch their commodity based currency in upcoming BRICS summit in Oct 2024 at Russia.

- If Saudi Arabia joins BRICS, the alliance will control 42% of the global oil and gas sector. 

This isn’t the first time the world has tried to move away from the USD. In the past, Africa and Europe attempted to dedollarize with their own currencies but ended up falling into the same trap.

Once BoJ starts dumping their T$, US is going to be in deep trouble. Things might change post US Presidential elections…!!!

#BRICS #NATO #Finance #Economy #GeoPolitics

Dedollarisation

Business analyst

Welcome to Indian Startups's Private Community

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

Software Engineer

Welcome to Office Gossip's Private Community

Lately, I have been thinking very deeply about my college days when the Flipkart story had inspired the entire lot of my batch at IIT-D. We were starry eyed college kids who wanted to do something innovative in India and break away from the "three" most popular moves after IIT:

1. UPSC
2. MBA
3. MS/PhD abroad

I proceeded to then work in various Indian startups and noticed an alarming thing. I began to realise a pattern across all my stints:

The initial founding team does exceptional work innovating, they excel at what Thiel calls "Zero to One", the act of creation. I will concede that although most founders fail to innovate by often copying what worked in the west but the initial founding team usually excels in execution. It allows for initial traction as it breathes a fresh breath in the\ space that they are operating in.

Almost always, when Product Market Fit is "achieved"(whatever that means), the founders begin to deploy insane amounts of funds into growth. 

By definition, Growth is not a bad thing. But, I have been noticing that across all startups I have worked at( all raised funds from the largest global funds) that it comes at the expense of product building. And during this era of hypergrowth, the product starts to stagnate while focus becomes marketing and sales. 

I often felt that this was temporary. That once we reach enough scale, we would start to innovate again. 
But time and time again, the ability to innovate atrophies over time.
Rather than building something that has enduring value by executing faster than anyone, the focus becomes achieving growth at all costs. 

This ultimately leads to two outcomes:
1. The startup cannot sustain this growth and retention begins to look dire. The churn becomes unbearable and the startup goes out of business.

2. The startup gets acquired by someone bigger, allowing founders and investors to believe that they created value where none existed in the first place.

I am completely dejected at this.

The Death of Indian Innovation: Why Indian Start Ups are failing to Innovate?

Can we solve the problem of youth unemployment in India?

Product Manager

What problems would Indian and Global startups be solving in the next decade, or they would be just throwing random yearly new buzz words and as usual VCs would be having orgasms on these buzz words.

I mean real problems.

Startups of the coming age

Frontend Engineer

This comparison is going viral, surprised to see our biggest AMC is just 1% of American AMC. To me, they are too big and can literally direct the world markets.

$$ Uncle Sam $$

- Indian PM Narendra Modi met top US tech CEOs in New York to promote India as a manufacturing hub.
- The meeting followed the Quad summit, highlighting India's bid to rival China in semiconductor production.
- CEOs from Google, Adobe, IBM, and NVIDIA attended, discussing co-development and innovation in India.
- Modi emphasized India's role in global development and supply chains to a crowd of 15,000 Indian-Americans.
- The India-US semiconductor pact aims to bolster national security and tech resilience against China. 

 Source: [BBC](https://www.bbc.com/news/articles/cpqz2y9jd1ro)

Modi Courts US Tech Giants Amid Semiconductor Push

I have portfolio of Kalyan jewellers, welspun corp and Arvind for short term gains. But these stocks are hitting industry PE. For long term I have ujjivan bank and coal India. 

Any suggestions for short term and long term?

Stock ideas for short term vs long term

Tesla CEO Elon Musk made an unannounced visit to Beijing to discuss the rollout of Full Self-Driving (FSD) software and data transfer permissions. Musk met with Premier Li Qiang, sharing a photo on social media. Tesla cleared regulatory hurdles for FSD in China, potentially boosting competition in the auto market. The move could also help Tesla navigate regulatory challenges and declining EV sales, while aligning with China's push for technological innovation and competition in the autonomous driving sector.

What is Tesla's Full Self Driving and why its China rollout matters

Indian govt was playing hard to get, now Tesla doesn't need their help to grow

Senior software engineer

- Putin praises Modi for his unwavering defense of India's national interests.
- Claims Modi is the 'main guarantor' of strong Russia-India ties.
- Asserts Modi cannot be intimidated or forced into decisions against India's interests.
- Comments made at the 'Russia Calling!' Investment Forum in Moscow.
- Highlights Modi's tough policies as key to bilateral relationship.

Is Modi the Unshakeable Pillar of Russia-India Relations?

- TN govt signs agreements with Nokia, PayPal, Applied Materials, and others
- Nokia to set up Rs 450 crore R&D centre at SIPCOT, creating 100 jobs
- PayPal to establish Advanced Development Centre focused on AI in Chennai
- Applied Materials to open AI-Enabled Tech Centre for semiconductor manufacturing
- Yield Engineering Systems and Microchip to invest in facilities in Coimbatore and Chennai
- Infinx to set up tech centre in Madurai, generating 700 jobs 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/india/tn-signs-agreements-with-nokia-paypal-applied-materials-and-a-host-of-it-companies-12810256.html)

Tamil Nadu Inks Major Tech Deals During CM's US Visit

Why is India so dependant on chinese goods, what are some goods that we import the most🤔
Is there anyone here building in india in substitute of chinese imported goods

India and US Forge Critical Minerals Pact

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