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Industrial Growth Slows To 3-Month Low In September

NEW DELHI: India’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month, hit by an unfavorable base effect magnified by a shift in the festival calendar. Excess rainfall in September also disrupted output, impacting growth. Economists expect the Index of Industrial Production (IIP) to […]

The post Industrial Growth Slows To 3-Month Low In September first appeared on Latest India news, analysis and reports on IPA Newspack.

Consumption, Infrastructure Could Light Up Samvat 2080: Experts

MUMBAI: After a decent show in Samvat 2079, which saw investor wealth surge by Rs 46 trillion, stock market experts are upbeat about the upcoming Samvat 2080. They believe that despite the volatile global landscape owing to ‘higher for longer’ rates, high bond yields, geopolitical conflicts and elevated oil prices, the mood may continue to […]

The post Consumption, Infrastructure Could Light Up Samvat 2080: Experts first appeared on Latest India news, analysis and reports on IPA Newspack.

Public Sector Banks Assure Government Small Loans Not A Systemic Risk

Amid mounting concerns over delinquencies, public sector lenders have assured the finance ministry that they do not see any systemic risks emanating from small unsecured loans as their overall exposure remains small. The finance ministry had asked state-run banks to review their small loan portfolios and submit a report detailing the situation. Banks said the […]

The post Public Sector Banks Assure Government Small Loans Not A Systemic Risk first appeared on Latest India news, analysis and reports on IPA Newspack.

Domestic Demand To Sustain India Growth In The Near Term, Says Moody’s

NEW DELHI: Strong domestic demand is likely to sustain India’s economy in the near term, said Moody’s on Thursday as it kept the country’s growth forecast for 2023 and 2024 unchanged at 6.7 and 6.1 per cent. “Robust goods and services tax collections, surging auto sales, rising consumer optimism and double-digit credit growth suggest urban […]

The post Domestic Demand To Sustain India Growth In The Near Term, Says Moody’s first appeared on Latest India news, analysis and reports on IPA Newspack.

Italian Fintech Innovation Takes Centrestage at the Singapore Fintech Festival 2023

SINGAPORE – Media OutReach – 10 November 2023 – The 8th edition of the Singapore Fintech Festival (SFF) is gearing up to be a global showcase of fintech excellence, and Italy’s participation promises to be a pivotal highlight of the event. Scheduled to take place from 15 to 17 November 2023 at the Singapore Expo Halls 1-6, this internationally acclaimed event will be the epicentre of innovation, […]

Lok Sabha Ethics Committee Functions Without Code Of Conduct For Members

By Nantoo Banerjee It is difficult to believe that there has been no listed ‘code-of-conduct’ for the directly elected representatives of Lok Sabha since the country held its first general elections between October 21, 1951 and February 21, 1952. Paradoxically though, Lok Sabha has an ethics committee with the members remaining in the dark about […]

The post Lok Sabha Ethics Committee Functions Without Code Of Conduct For Members first appeared on Latest India news, analysis and reports on IPA Newspack.

Remembering D N Ghosh, The Architect Of Bank Nationalisation In 1969

By Nitya Chakraborty Dhruba Narayan Ghosh, known as D N Ghosh, the young official who played the leading role in preparing the draft of the ordinance on bank nationalisation issued on July19, 1969, passed away in Kolkata on November 6. He was 95. Originally, a member of the Indian Audit and Accounts Service (IAAS), Ghosh […]

The post Remembering D N Ghosh, The Architect Of Bank Nationalisation In 1969 first appeared on Latest India news, analysis and reports on IPA Newspack.

October CPI Inflation Seen At 5-Month Low Of 4.8 Per Cent

11 Firms Ride The Market Wave To Join Rs 1-Trillion M-Cap Club

MUMBAI: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others. This is a rise of 19% over FY23. These 11 firms include Adani Power, DLF, Hindustan Aeronautics, Jio Financial Services, Varun Beverages, […]

The post 11 Firms Ride The Market Wave To Join Rs 1-Trillion M-Cap Club first appeared on Latest India news, analysis and reports on IPA Newspack.

Citibank Announces 2023 Citi Tax Season Loan Annualized Percentage Rate as low as 1.78% [1]

HONG KONG SAR – Media OutReach – 9 November 2023 – Citibank announces the launch of 2023 Citi Tax Season Loan, available for same day approval and same day loan disbursement [2]. Selected customers can enjoy Annualized Percentage Rate (“APR”) as low as 1.78% [1]. Upon successful application of 2023 Citi Tax Season Loan during promotion period, customers can enjoy up to HK$8,000 cash coupon reward [3]. […]

MariBank rewards Shopee Shoppers with 30% Shopee Cashback vouchers this shopping season

SINGAPORE – Media OutReach – 9 November 2023 – MariBank, a digital bank licensed by the Monetary Authority of Singapore and wholly owned by Sea Limited, has introduced a new payment method on Shopee, which allows customers to enjoy a seamless and secure direct checkout process on Shopee with Mari Savings Account. In celebration of this launch, MariBank is offering up to 30% Cashback vouchers1 to Shopee […]

WeWork’s collapse has lessons for investors

WeWork was one of the world’s most lauded start-ups in recent years, being valued around $50bn. But just four years since that peak valuation, the company has filed for bankruptcy. Cloaked in the guise of a tech enterprise, WeWork ultimately revealed itself as an office rental business. Its downfall was the result of internal challenges it created for itself, compounded by external forces beyond its influence, such […]

CPSE Dividends To Centre To Exceed Budget Estimate By Rs 20,000-Crore In FY24

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) will likely exceed the budget estimate (BE) of Rs 43,000 crore for 2023-24 by close to Rs 20,000 crore, bridging partly the likely shortfall in disinvestment receipts. So far in the current financial year, around Rs 20,000 crore has been obtained through […]

The post CPSE Dividends To Centre To Exceed Budget Estimate By Rs 20,000-Crore In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

Nitish Trumps RSS, Modi With Caste-Based Socio-Economic Report

By Arun Srivastava Once again, the Bihar chief minister Nitish Kumar has proved that his bête noire Narendra Modi could not match his political craftsmanship and administrative acumen. Though the middle class bhakts of Modi claim that he has perfect understanding of the time, when to strike and how to mutilate his opponent, the Tuesday […]

The post Nitish Trumps RSS, Modi With Caste-Based Socio-Economic Report first appeared on Latest India news, analysis and reports on IPA Newspack.

Israel Will Be Doing A Terrible Blunder If It Extends The War To Iran And Lebanon

By Girish Linganna As Israel grieved in the aftermath of the October 7 tragedy, where more than 1,400 citizens lost their lives due to the actions of Hamas terrorists, US President Joe Biden visited Tel-Aviv to pledge American support. However, during an appearance with Israeli Prime Minister Benjamin Netanyahu, Biden also emphasized the need for […]

The post Israel Will Be Doing A Terrible Blunder If It Extends The War To Iran And Lebanon first appeared on Latest India news, analysis and reports on IPA Newspack.

Economists See Onion Driving Inflation Near 6 Per Cent

NEW DELHI: Rising onion prices are unlikely to have a significant impact on inflation in October but may lead to inflation rising to near 6% levels in coming months, said economists. Onion prices rose nearly 75% in the first week of November compared with the previous month. “Alongside a rise in broader vegetable prices in […]

The post Economists See Onion Driving Inflation Near 6 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

FutureGEN Girls Leadership Summit 2023 Empowers Nearly 300 Teen Girls to ‘Discover Their Purpose, Unleash Their Potential’

HONG KONG SAR – Media OutReach – 8 November 2023 – Building on the tremendous success of last year’s inaugural FutureGEN Girls Leadership Summit, the second FutureGEN Girls Leadership Summit 2023 (“FGG Summit”) organized by the JYC Girls Impact Foundation (“JYCGIF“) was held on November 4, 2023 at the Hong Kong Palace Museum. Guest of Honour, Miss. Alice Mak, SBS, JP, Secretary for Home and Youth Affairs […]

Senoko Energy teams up with The Straits Times to keep businesses updated on the latest ESG news

SINGAPORE – Media OutReach – 8 November 2023 – Looking to lead the charge towards achieving net-zero emissions, Senoko Energy is collaborating with The Straits Times (ST) to inspire and empower businesses to #TakeCharge in their sustainability journeys. With the upcoming alterations to ESG reporting regulations, it has become increasingly critical for businesses to adopt and embrace sustainability, a mission that poses significant hurdles. Businesses, especially small-medium […]

Yedpay collaborates with Mastercard to lead the future of payment technology

Paytech Empower All HONG KONG SAR – Media OutReach – 8 November 2023 – Yedpay, Hong Kong’s leading payment technology company, collaborates with Mastercard to break tradition and pioneer the innovation of the next-generation payment industry with ‘One Touch’ technology. This technology aims to optimize the sequence of cash flow from collection, payment to settlement for businesses, providing a new experience for real-time cash flow. Hong Kong […]

Q2 GDP Seen To Beat RBI Estimate, May Come In Close To 7%

NEW DELHI: India’s GDP growth in real terms in the second quarter of FY24 may have been significantly higher than 6.5% projected by the Reserve Bank of India (RBI), according to a few economists who FE spoke to, in this regard. While most have revised their estimates upwards, the estimates range from 6.2% to as […]

The post Q2 GDP Seen To Beat RBI Estimate, May Come In Close To 7% first appeared on Latest India news, analysis and reports on IPA Newspack.

AAP asks Kejriwal to remain CM even if arrested

Aam Aadmi Party national convener and Delhi chief minister Arvind Kejriwal held a meeting with all AAP MLAs in the assembly even as the buzz surrounding his imminent arrest refused to die down. And yet another AAP MLA, this time from Punjab, was arrested by the Enforcement Directorate under a case of a Rs 40-crore […]

The post AAP asks Kejriwal to remain CM even if arrested first appeared on Latest India news, analysis and reports on IPA Newspack.

Gaza war to hit MENA economies, says S&P

Arabian Post Staff Beyond the catastrophic loss of life and costly damage to infrastructure, the war between Israel and Hamas will have repercussions for other economies in the Middle East and North Africa (MENA), Standard & Poor’s said in a report. Focusing on the tourism sector, S&P says Lebanon, Egypt, and Jordan could suffer the most, hampering real GDP growth and weakening their external positions, although this […]

Modi More A Threat To His Own Party, Less Prime Danger To Opposition

By Arun Srivastava It appears that Narendra Modi has lost his political sense and prudence; else how could he choose to launch a ruthless attack on the opposition, and even target a section of his own party, just while the Lok Sabha election was hovering on his head. This observation may appear to be quite […]

The post Modi More A Threat To His Own Party, Less Prime Danger To Opposition first appeared on Latest India news, analysis and reports on IPA Newspack.

Most Banks Not Big On Small Personal Loans

MUMBAI: Bank chiefs have signalled that the stress in unsecured loans is originating in fintech-driven digital lending of small-ticket personal loans — a segment in which most banks are not present. There is also an expectation that RBI may make it tougher for banks to lend to this segment (loans under Rs 50,000), which is […]

The post Most Banks Not Big On Small Personal Loans first appeared on Latest India news, analysis and reports on IPA Newspack.