In today’s briefing:
- Silicon Box. A Sad Development & Sadly, Still A Black Box
- India’s Capital Markets in Early 2025: Retail Activity Cools Amid Shifting Currents
- India’s Rice Policy Reversal: Opportunity for Exporters
- #128 India Insight: Textile $100B Exports by 2030, Wind Energy Hits 48.5 GW, Data Centers Reach $10B
- #129 India Insight: GOI’s 23k Cr PLI for EMS, NSE 2 Yrs IPO Delay?, Indian Defence Soars
- Japan Strategy Weekly | Trump’s Surprise 25% Auto Tariff
- AUCTUS ON FRIDAY – 28/03/2025
Silicon Box. A Sad Development & Sadly, Still A Black Box
- On September 18 2024, one of the three co-founders of Silicon Box, Dr. Sutardja, sadly passed away. An industry visionary, much loved by many. May he rest in peace.
- The company’s website still does not reflect this fact, and an interview with their Head of Business just two weeks after his passing, bizarrely doesn’t mention it at all
- With just six press releases in four years, the company is slow to communicate progress and remains vague on precisely which specific technologies they offer. Still a black box IMO
India’s Capital Markets in Early 2025: Retail Activity Cools Amid Shifting Currents
- Retail investor activity and demat additions slowed sharply in early 2025, with new account openings falling to a multi-year low of 2.3Mn in February.
- This signals a broader sentiment reset after a 5-month market correction and FPI outflows, impacting brokers, depositories like CDSL, and exchange volumes.
- The euphoria phase is cooling, but the long-term equity culture remains intact. Investors should expect near-term consolidation, with stronger players gaining share.
India’s Rice Policy Reversal: Opportunity for Exporters
- India has lifted major rice export restrictions, ending duties and price caps, triggering a sharp global price correction in rice markets.
- Global rice prices have dropped 40% since January 2024, providing relief to importing countries and reopening volumes for Indian exporters like Chaman Lal Setia Exports (CMLTX IN).
- Expect stronger earnings momentum for Indian rice exporters in FY26 as volumes rebound, margins expand, and India reasserts global dominance.
#128 India Insight: Textile $100B Exports by 2030, Wind Energy Hits 48.5 GW, Data Centers Reach $10B
- The textile industry targets $100 billion exports by 2030, seeking policy support for growth and cost competitiveness.
- India’s wind energy capacity reaches 48.5 GW, with 2,702 MW added in FY25, signaling steady growth and new opportunities.
- India’s data centre industry grows to $10 billion, driven by rising internet penetration and AI demand, with Mumbai and Chennai leading.
#129 India Insight: GOI’s 23k Cr PLI for EMS, NSE 2 Yrs IPO Delay?, Indian Defence Soars
- The cabinet approved a Rs. 22,919 cr PLI for non-semiconductor electronics to boost domestic manufacturing, aiming for significant investment and job creation.
- National Stock Exchange (NSEIN IN)‘s IPO, initially filed in 2016, faces a potential two-year delay due to regulatory concerns flagged by SEBI, despite recent improvements in share transfer efficiency.
- India’s defence manufacturing achieved Rs. 1.27 lakh crore output in FY24 and aims for Rs. 3 lakh crore by 2029 through indigenous development and policy reforms.
Japan Strategy Weekly | Trump’s Surprise 25% Auto Tariff
- Tokyo stocks faced a volatile week, with the Nikkei falling 1.5% and the Topix down 1.7%, largely impacted by shifting global sentiment and policy uncertainty.
- Trump’s surprise 25% auto tariff announcement triggered a sharp selloff in automakers, especially Nissan (-7%) and Mazda (-6%).
- Oracle Japan stock rose 12% on record Q3 earnings, strong cloud growth, and AI projects, while Sumitomo Realty gained 10% on Elliott’s stake and governance reform hopes.
AUCTUS ON FRIDAY – 28/03/2025
- Condor Energies (CDR CN) C ; Target price of C$5.60 per share: Production rises again.
- Maiden reserves report. First LNG sales in Kazakhstan on track for 1H26 – YE24 2P reserves in Uzbekistan were estimated at 18.5 mmboe.
- 4Q24 production was 10,511 boe/d increasing to 12,019 boe/d in March to date and 12,288 boe/d over the past five days. I
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
