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Sustainability-Linked Derivative (SLD) supports RGE’s strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022 Besides hedging the interest rate risk of its latest SLLs, the SLD shows RGE’s confidence in delivering on its SLL’s sustainability KPIs SINGAPORE – Media OutReach – 3 February 2023 – Royal Golden Eagle (“RGE”), a global group of resource-based manufacturing companies, has announced that its member […]

West Bengal Chief Minister Mamata Banerjee on Thursday alleged that the BJP was using people’s money deposited with the Life Insurance Corporation (LIC) and nationalised banks to benefit some of its party leaders. Speaking at a function in Purba Bardhaman district, the Trinamool Congress supremo lashed out at the BJP-led Centre over the Union budget, […]

The post Mamata accuses BJP of using LIC, bank money for leaders first appeared on IPA Newspack.

By Saifur Rahman The International Monetary Fund (IMF) this week approved a 42-month credit line of US$4.7 billion including US$3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as US$1.4 billion under the newly created Resilience and Sustainability Facility (RSF). This approval enables the immediate disbursement of US$476 million. Bangladesh is the first Asian country to access the RSF. “The 42-month […]

Arabian Post Staff Grant Thornton and its Asset Recovery Fund (ARF) announced the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs) from Abu Dhabi Commercial Bank (ADCB), marking one of the first such portfolio sales from a local bank in the UAE. Grant Thornton, the UAE’s fifth largest professional services firm, supported this purchase by deploying its deep rooted local commercial […]

By P. Sudhir A small US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations.  The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshalling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies […]

The post Investigation Into The Entire Business Activities Of Adani Group Is Imperative first appeared on IPA Newspack.

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The $30 million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. DHAKA, BANGLADESH – Media OutReach – 2 February 2023 – ShopUp, the largest full-stack B2B commerce platform […]

By Nantoo Banerjee The massive boost in infrastructure spending proposed in the 2023-24 budget is expected to be the biggest growth driver of the county’s economy with several sectors such as steel, coal, power, engineering, automobile and banking are expected to do well. The infrastructure spending along with the focus on tourism, urban development covering […]

The post 2023-24 Budget Provides Big Boost For Industry, Tourism first appeared on IPA Newspack.

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By Dr. Gyan Pathak “The fundamentals of the Indian Economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. Policies pursued carefully and consciously to ensure …” was of course noisy and highly opinionated statement of the Economic Survey 2022-23, but the Union Budget 2023-24, […]

The post Union Budget 2023-24 Is Not Fair To The Vulnerable Sections first appeared on IPA Newspack.

Backbase recognized for excellence in Celent international digital banking awards SINGAPORE – Media OutReach – 1 February 2023 – Backbase, the Engagement Banking platform leader, was recently named a winner of several xCelent Awards in Celent’s digital banking-themed reports, covering retail and small business banking internationally. These awards continue the strong recognition Backbase has received from the analyst community and the ability to help customers win in […]

By Dr. Gyan Pathak Economic Survey 2022-23 is clearly optimistic on Indian economy with downside risks not getting proper focus in the analysis of the policy makers. Though it has projected India’s GDP growth at 6-6.8 per cent for 2023-24, has also cautioned that even as India’s outlook remains bright, global economic prospects are weighed […]

The post Economic Survey 2022-23 Too Optimistic With Downside Risks In Economy first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 31 January 2023 – WRISE Group is pleased to announce the launch of “WRISE Wealth Management Hong Kong” (“WRISE WM”), a technologically advanced wealth management firm for Hong Kong’s ultra-high-net-worth individuals (UHNWIs) and their family offices to ease the complexities of total wealth management. With the number of family offices increasing across the Asia-Pacific, and the market pivoting towards performance […]

Workato was recognized for its Customer Experience with 4.9/5 ratings in Gartner Peer Insights and Market Responsiveness delivering 450 releases in the past 12 months. SINGAPORE – Media OutReach – 31 January 2023 – Workato, the leading enterprise automation and integration platform, announced today that it has again been recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Integration Platform as a Service. Workato has […]

Begins 2023 by cutting interest rates on some products and offers base rate trackers GUERNSEY – Media OutReach – 31 January 2023 – Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios. Roger Hughes – Skipton International According to Hamptons, a leading UK estate and letting agency and part […]

Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE – Media OutReach – 31 January 2023 – Oasys, a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank, a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, […]

RIYADH: Gulf Cooperation Council banks will refrain from redeeming the hybrid capital instruments at the first call date for the next 12 to 24 months, owing to the increasing volatility, scarce

By Annie Domini It was snowing hard in Srinagar, capital of Jammu and Kashmir, when the concluding ceremony of Bharat Jodo Yatra took place on the morning of30 January, 2023. Rahul Gandhi was finally donning a pheran, the traditional Kashmiri coat, as he delivered an emotionally rousing speech, delineating the aim and achievement of the […]

The post Rahul Gandhi’s Bharat Jodo Yatra Culminates In An Emotional Crescendo first appeared on IPA Newspack.

By Kalyani Shankar One of the important businesses in Parliament is the annual budget presentation. This year too, on February 1, Union Finance Minister Nirmala Sitharaman will present the 2023 budget. Why is a budget important? It gives a bird’s eye view of the government’s fiscal policy and how it will distribute resources. The 2023 […]

The post Narendra Modi Govt’s Last Full Budget On February 1 May Have Some Surprises first appeared on IPA Newspack.

By Arun Srivastava In one stroke the empire of the world’s third richest till the other day, Gautam Adani, which he had built on the edifice of dishonesty and crony capital has been crashed. The assault has come from the US-based Hindenburg Research which charged the Adanis of being “engaged in a brazen stock manipulation […]

The post Hindenburg Exposure Underlines Patronage Of Ruling Govt To Adani Group Companies first appeared on IPA Newspack.

By Sushil Kutty Flood ravaged, economically bankrupt and politically panned. Pakistan’s Finance Minister Ishaq Dar has found a scapegoat. God Almighty! Dar cut to the chase, saying that because Allah created Pakistan, Allah will have to get Pakistan out of the hole, make it prosper and help it develop. That is a common belief across […]

The post Pakistan’s Economic Collapse Is A Culmination Of Long Neglect first appeared on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: There is no mistaking it. Kerala has erased its image of being an investment-hostile State despite the campaign of misinformation being peddled day in and day out by the Opposition parties. Two recent developments have knocked the stuffing out of the argument of the Cassandras and doubting Thomases.  Firstly, Kerala’s Startup […]

The post Kerala Is Now Attracting Large Number Of Investors first appeared on IPA Newspack.

By Arun Srivastava The delirious, deranged joy of taking a dig at Nobel laureate Professor Amartya Sen is so addictive for Prime Minister Narendra Modi and his government that his protégé, the Vice Chancellor of Visva Bharati University, Professor Bidyut Chakraborty, has gone to the extreme of slandering Sen, insinuating that he’s not a real […]

The post Humiliating Amartya Sen Aimed At Silencing The Global Intellectual first appeared on IPA Newspack.

Matein Khalid If banks were people, Standard Chartered Bank (SCB) would be a plain Jane spinster, always a bridesmaid but never a bride, jilted at the altar by her suitors and now at the nikah by First Abu Dhabi Bank. I had a near heart attack when I saw the shares rise 20% in London as the grapevine said a major Abu Dhabi bank was going to bid for […]

By Dr. Gyan Pathak India is now the most populated country in the world with a very high rate of urbanization that is expected to reach 41 per cent by 2030 according to the latest estimate of the World Bank in 2022. In 2021, the urbanization rate was 35 per cent as against 26 per […]

The post Lessons For High-Speed Rail Development In India Amidst Defects first appeared on IPA Newspack.

By K Raveendran A new advance in AI technology, leading to the development of OpenAI-created ChatGPT, is threatening to become the nemesis of data entry jobs, entry-level copywriting, customer care and support centres, and even entry-level software developers. ChatGPT promises to be a great tool for marketeers as it can produce highly effective pitches on […]

The post New AI Technology Threatens Thousands Of More Entry-Level Jobs first appeared on IPA Newspack.

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