Good Morning! The secret letter to Australia by Queen Elizabeth II can't be read until 2085, but you can read bit by Bit every day.

Anyway, here are:

Happy reading!

MARKET HEAD'S UP FOR THE WEEK

Monetary policy authorities worldwide are forced to raise interest rates despite clear signs of an economic slowdown. The UK is projected to see another hike, while its economy contracted in June. Amidst these challenges, the Indian markets are holding up rather well. The benchmark indices are not so far from reaching historic highs.

• Monday (12/9/2022):  Inflation data for August and Industrial Production data for July will be released. Also, the United Kingdom will release its GDP estimate for July.

• Tuesday (13/9/2022): The boards of Bajaj Holdings & Investments and Aegis Logistics are scheduled to meet to consider an interim dividend for FY23. Also, the data for Eurozone Economic Sentiment Index will be released. Adding to this, we will see the US Inflation data for the month ending in August. The OPEC will release the oil market monthly report.

• Wednesday (14/9/2022):  Indian WPI data for the month of August will be released. The Initial Public Offering of Harsha Engineers International is scheduled for Wednesday. Industrial Production data for the Eurozone will be released and the International Energy Agency (IEA) will release its monthly oil market report.

• Thursday (15/9/2022): The shares of Tamilnad Mercantile Bank will be listed on stock exchanges, the issue was subscribed 2.86 times. The Bank of England will release its interest rate decisions and it is projected to raise it further. The UK central bank raised the rate by 50 basis points in the last meeting.

• Friday (16/9/2022): China will release its Industrial Production data for August. The University of Michigan’s Consumer Sentiment Index for the United States for the month of August will be released.

(Markets were closed on 11th September 2022)

ECONOMY

Russia's Biggest Coal Company Is Talking About Opening an Office in India

Key Facts:

• Siberian coal energy company to expand their business in India.

• Siberian coal energy company(SUEK) wants to increase its supply to 10 million tonnes yearly.

• The Growth of the coal supply to India from Russia is more than 50% yearly.

The Story:

The Russian Company's coal and gas shipments to European nations may be impacted by the severe sanctions imposed on Russia by the European Union (EU). Therefore, a Russian corporation is looking for a new market for the export of its resources, including coal. India's coal supply from SUEK, the fourth-largest coal exporter in the world, can be increased by 5 to 10 million years annually. Before the sanctions, SUEK mostly sold coal to the EU and Japan.

India was not their top priority market for coal delivery before the EU imposed sanctions on Russia. Still, now they are, and SUEK also takes the initiative to invest in India's energy industry. Before sanctions, Russia exported 5-7 million tonnes of coal to India annually; after sanctions, that number might increase to 2 million tonnes per month. India is now Russia's replacement market for exporting its resources.

FMCG

Tata Consumer Products exploring strategic acquisition: Offers to buy stake in Bisleri International

Key Facts:

• Size of packaged water market: Rs. 20000 Cr; 60% of the sector is unorganised

• Bisleri is India’s largest packaged water company, owned by Ramesh Chauhan, Founder and Chairman of Bisleri International

• Bisleri has 32% share in organised market

• Bisleri has 150+ manufacturing units, 4000+ distributors with 5000 trucks across India

• Tata Consumer currently has its own niche bottled-water business under NourishCo

• Reliance Retail can be a competitor for Tata Consumer in this acquisition

The Story:

In a recent development, The Tata group has made an offer to Bisleri International for buying stakes in the company. Tatas have plans for scaling up the business in a significant way and this acquisition will give it a massive boost. If it is successful, Tatas will be banking on the already existing business of Bisleri which besides bulk water delivery includes business from retail stores, chemist channels, institutes, hotels, restaurants, and airports.

Chief Executive Sunil D’Souza said that inorganic growth would be a significant part of Tata’s growth strategy. He added that the acquisition will happen either through Tata consumer or at a group level. 

Chauhan previously said that if ever he decided to sell Bisleri, it would go to an “Indian” only who is keen on developing and promoting the brand. Reliance Retail, which is currently on an acquisition frenzy also tried its luck with Bisleri however, the talks did not materialize.

AUTOMOTIVE

40 years' journey of Maruti Suzuki.

Key Facts:

• On February 24, 1981, Maruti Udyog and Suzuki launched their joint venture.

• In the fiscal year 2022, Maruti Suzuki had the leading share in the passenger car market across India. (42%).

• The top three players held approximately 75% of the market share. (Hyundai16%, TATA 11%, Mahindra 7%).

The Story:

Suzuki Motor Corporation, Japan, has collaborated with Maruti Suzuki India Limited for 40 years. The automaker published a special "40 years - Joy of Mobility" in its Annual Integrated Report. The Maruti 800 was the company's entry point in production in 1983. For the next 40 years, the firm has dominated the vehicle market.

In its early years, Maruti Suzuki was referred to as the "affordable carmaker." Later, the automaker turned its attention to the premium market. Models like the Kizashi and grand Vitara were introduced. At the same time, Maruti Suzuki also unveiled the Maruti Nexa, a new platform for its high-end vehicles. Baleno's introduction was a high point in the company's development; it became the best-selling vehicle in the premium hatchback segment.

The great resale value of these cars was their USP. Even three to four years after the date of purchase, the cars still offered an easy 40 to 50 percent return value.

Maruti Suzuki India will bring its first electric vehicle (EV) by 2025. The company has been testing 50 electric Wagon R units in India.

TECH

Google plans shifting Pixel phone assembly to India from China

Key Facts :

• Google is planning to move the manufacturing of one of its flagship phone brands to India, imitating Apple.

Google has invited proposals from Indian manufacturers to assemble 500,000 to 1 million of its Pixel smartphones.

Want More Bits?

NASA’s latest moon mission is the dawn of a new space age

It has been 50 years since the six Apollo human moon landings between 1969 and 1972. Since then, space exploration has made enormous strides. More than 500 humans have journeyed to and from space. Spacecraft have left the solar system and studied Mars, Jupiter, and Saturn. However, the promise of transporting human beings to new worlds, the possibility of landing, and living, on other planets, or traveling deep into space, probably even encountering aliens, has remained stagnant since the last of the 12 astronauts to set foot on the Moon returned in 1972. This is why Artemis 1 is ushering in a new space age.

Artemis is the next generation of moon missions. It fits into NASA's larger goals for lunar exploration. A human base camp, several nuclear reactors, and a mineral mining operation are all planned for the lunar surface as a result of the initiative. NASA has made it clear that it intends to create a lunar economy. The goal of all Artemis I research is to get ready for these future missions.

NASA eventually intends to use the Moon as a stopover on a much more challenging journey: a human expedition to Mars. That appears as if it might occur around the late 2030s. Although many of these goals are still in the future, it is evident that the Artemis program is much more than just an Apollo-style political stunt to show the world the US's global dominance during the Cold War.