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- Bit by Bit 22nd Dec. || Performance of Indian FMCG Sector in 2022 || Earth - Free magnet can be the solution to lower the price of EVs & More
Bit by Bit 22nd Dec. || Performance of Indian FMCG Sector in 2022 || Earth - Free magnet can be the solution to lower the price of EVs & More
Good Morning Readers!
Anyways, Here are:
"5 amazing stories in 5 minutes to make you future ready"
Happy reading!
MARKET UPDATE
NIFTY 50 : ₹18,199.10 (-1.01%)
BSE SENSEX : ₹61,067.24 (-1.03%)
NIFTY BANK : ₹43,617.95 (-1.71%)
USD/INR : ₹82.90 (+0.37%)
BRENTOIL : $81.91 (+2.38%)
MCXGOLD : ₹55,030 (+0.24%)
FII Net Cashflow : - ₹1191 crores
DII Net Cashflow : + ₹1757 crores
(Market Data as of 11:00 PM on 21/12/2022)
Economy
Key Facts:
Global businesses are starting to consider India as a competitive alternative to typical low-cost locations. That provides investors with a wide range of opportunities
According to a Morgan Stanley analysis, India's manufacturing contribution to total gross value added (GVA) is anticipated to rise from 15.6% in FY22 to 21% by FY32
Sectors such as chemicals, electronic parts, and automotive shall be the potential beneficiaries
The Story:
In the wake of the Covid pandemic, India's manufacturing capability is gradually receiving attention as multinational corporations broaden their supply chains to lessen reliance on China and other low-cost Asian manufacturing centres. The policy, known as "China+1," is favourable for Indian businesses.
Due to ageing developed market capabilities and better returns on capital as China's green manufacturing mandate makes it more expensive, opportunities for Indian manufacturers are growing.
The government has put into place the production-linked incentive (PLI) plan worth '41,000 crores to recruit international contract manufacturers in order to benefit from the changing landscape of global manufacturing.
FMCG
The Story:
That faith in the long-term story of India’s consumption trend remains intact and is reflected in the performance of the stocks of fast-moving consumer goods companies this year. In a year that saw volume growth drop sharply due to the inflation impact on rural consumption, and profitability bearing the brunt of spiraling commodity prices, most FMCG majors weathered the storm. They managed to report growth in sales and profits.
This also supported stocks because the Nifty FMCG index was the 4th best-performing sectoral index in 2022, with more than 22% gains. Moreover, this is the best return given by the index since 2017.
One of the significant contributors to the stellar performance of the index is ITC. The stock has yielded 56% returns year-to-date, the highest in over a decade. The second hero in the pack is Britannia Industries. The stock has given 25% returns in 2022 and is the second-best in the FMCG pack. The company’s market capitalization also crossed the Rs 1 lakh crore mark.
Given that India’s consumption story remains bright, most analysts are bullish on the sector. They do expect 2023 to bode well in the backdrop of a recovery in rural consumption, cooling off inflation, and strong domestic growth.
AUTOMOTIVE
Hyundai Ioniq 5 EV comes to India
Key Facts :
In India, the Hyundai Ioniq 5 EV is now in production. The business has begun taking orders for the new electric vehicle. Customers can reserve the Ioniq 5 EV by going to the company's website and making a one lakh rupee upfront payment.
Three exterior color choices for the EV are available: Gravity gold matte, Optic White, and Midnight black pearl.
The Story :
Hyundai Motor India Ltd.'s MD and CEO, Mr. Unsoo Kim, commented on the announcement: "Hyundai IONIQ 5 is a great statement of mindful consumerism. As promised, we'll unveil this premium BEV SUV to please customers and kick off India's automotive industry's future development. With its clever technology and creativity, the Hyundai IONIQ 5 is a significant step in this way and will help us move closer to a sustainable future. To cultivate and create a mindset that reveres the business as a symbol of India's development, growth, and continuous advancement.
The Hyundai Ioniq 5 EV can be charged extremely quickly, from zero to eighty percent in just 18 minutes (using a 350kw DC charger). To cut down on wait times at charging stations, it has a multi-charging system with 400V and 800V multi-charging. It has a range of 631 km, which has been approved by ARAI and is powered by a high-power battery of 72.6 kWh.
The Hyundai Ioniq 5 comes with more than 60 connected car features and comes with a three years free Bluelink subscription. Hyundai IONIQ 5 will feature Bluelink services and connected solutions such as voice assistant, remote services, SOS/Emergency assistance, low tire pressure notification, location-based services, and more.
TECH
The Story:
According to a statement from the Ministry of Science & Technology, researchers have created enhanced, low-cost, hefty, rare-earth-free magnets that are in high demand for electric vehicles and may lower their price. Neodymium Iron Boron (Nd-Fe-B) magnets used in electric vehicles (EVs) must display high resistance to demagnetisation since they operate at temperatures between 150 and 200 degrees Celsius. Pure Nd-Fe-B magnets lack this ability. In order to increase the resistance to demagnetisation, dysprosium (Dy) metal is added as an alloy, according to the ministry. Due to its excellent mix of magnetic properties, the Nd-Fe-B magnet has been one of the most sought-after permanent magnetic materials for various applications since its discovery in 1984. More than 90% of electric vehicles (EVs) employ brushless DC (BLDC) motors with rare-earth Nd-Fe-B magnets. Without the use of pricey Dy, researchers from all around the world are working to increase the coercivity (resistance to demagnetisation) of NdFeB magnets. The scientific community has chosen to enrich the space between the Nd-Fe-B magnet's grains with "non-magnetic" materials using the appropriate heat treatments in order to increase coercivity (grain boundary diffusion).
Using the grain boundary diffusion process (GBDP), researchers from the Centre for Automotive Energy Materials at the International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI), an independent Research and Development Center of the Department of Science and Technology (DST), Government of India, have recently improved the coercivity of Niobium (Nb)-containing Nd-Fe-B melt-spun ribbon. In accordance with the government's Atmanirbhar Bharat mission, ARCI has taken the risk of setting up a pilot plant for the production of near net-shaped Nd-Fe-B magnets through a significant project funded by the Science and Engineering Research Board (SERB). The aforementioned approach will be investigated for the magnets produced in the pilot plant.
Anything Interesting
The world-first trial, underway in the UK, is studying whether red blood cells made in the laboratory last longer than blood cells made in the body.
Although the trial is only small, it represents a "huge stepping stone for manufacturing blood from stem cells," says University of Bristol cell biologist Ashley Toye, one of the researchers working on the study.
To generate the transfusions, the team of researchers isolated stem cells from donated blood and coaxed them into making more red blood cells, a process that takes around three weeks.
In the past, researchers showed they could transfuse lab-grown blood cells back into the same donor they were derived from. This time, they have infused the manufactured cells into another compatible person – a process known as allogeneic transfusion.
