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HONG KONG SAR – Media OutReach – 5 September 2022 – Qingdao Alnnovation Technology Group Co., Ltd. (“Alnnovation” or the “Company”, and together with its subsidiaries as “Group”; stock code: 2121.HK) is pleased to announce that the Company has been added to the list of eligible stocks for “Shenzhen-Hong Kong Stock Connect” under Stock Connect by Shenzhen Stock Exchange(SZSE) with effect from Monday, 5 September, 2022. At […]

”Desh ka neta kaisa ho Nitish Kumar jaisa ho” was the slogan that rent the air, and summed up the sentiment, at the JD(U)’s Bihar headquarters here ahead of the party’s national executive meeting scheduled on Saturday. The chief minister visited the Birchand Patel Marg office on Friday to take stock of the preparations for […]

The post JD(U) calls crucial meeting ahead of national executive first appeared on IPA Newspack.

India has become the fifth largest economy in the world, beating the UK, a report has said. The country has become the fifth biggest economy during the last three months of 2021, pushing the United Kingdom to the sixth spot, with the country grappling with a harsh shock of high cost of living. This is […]

The post India beats UK to become 5th largest economy first appeared on IPA Newspack.

RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, is seeing its assets hitting SR20 billion ($5.3bn) after it completed a deal with Alinma Bank to acquire one

By Prabhat Patnaik Economists distinguish between two kinds of inflation: “demand-pull” and “cost-push”. Demand-pull inflation is said to occur when there is excess demand in a situation where supply cannot be augmented, because full capacity output has been reached in one or more crucial sectors. Wartime inflation is a classic example. In India during the […]

The post Inflation Is Being Controlled At The Expense Of Working Class first appeared on IPA Newspack.

Hon. Philippe A. May is appointed CEO to spearhead operations SINGAPORE – Media OutReach – 2 September 2022 – Global investment migration firm, EC Holdings, commences operations with the launch of its Singapore Headquarters and the appointment of the Hon. Philippe A. May as Chief Executive Officer. Recognising the value of acquiring alternative residence and citizenship-by-investment (CBI) migration in the 21st century, the highly experienced leadership team […]

By Prakash Karat On the last day of his tenure as chief justice on August 26, Justice Ramana referred the pleas on political parties promising freebies to a three-judge bench to be decided by the new chief justice of India.  The Supreme Court, getting into the freebies issue, is an example of misplaced priorities and […]

The post Narendra Modi Government’s Hypocrisy About Freebies Knows No Limits first appeared on IPA Newspack.

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By Sushil Kutty Thiruvananthapuram Member of Parliament Shashi Tharoor might run for Congress president. A final call is awaited. The last time the 70-year-old fought a non-parliamentary election, he aimed for the moon! But the moon was out of his orbit. This time, if he does contest, and he was still mulling the decision, he […]

The post The Congress Presidential Elections Process Has Been Turning Bizarre first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 1 September 2022 – On 1 September 2022, after Fosun International Limited (HKEX stock code: 00656, “Fosun International”), together with its subsidiaries (“Fosun” or the “Group”) announced its 2022 interim results on 30 August, Goldman Sachs, Morgan Stanley, Daiwa Capital Markets and CICC issued research reports and unanimously assigned “Buy” or “Overweight/Outperform” ratings to Fosun International. The interim results show […]

By Ashis Biswas Bangladesh Prime Minister Sheikh Hasina’s   long-awaited visit to India beginning September 5 is unusually significant for a variety of reasons:  From all indications, the burden of expectations is more palpable within the ruling establishment in Dhaka than among Indian political leaders. During her three-day stay, Ms Hasina would meet Indian Prime Minister […]

The post Bangladesh Prime Minister Sheikh Hasina’s Three-Day Visit To India Crucial first appeared on IPA Newspack.

Dubai is considered the commercial center and the business capital for the United Arab Emirates, if not the whole Gulf area. Dubai has an inviting business atmosphere due to the diversity of the community of its residents, who share a peaceful, respectful, and secure lifestyle.  Dubai’s strategic location encourages investors from around the world, and the international exposure in the city creates a vast and innovative business […]

By Ashis Biswas When it comes to dealing with the BJP-controlled central Government, Trinamool Congress (TMC) leader Mamata Banerjee still behaves like an eternally malcontent oppositionist, despite her long years spent in the ruling establishment in Kolkata and Delhi. There is more to the story about the TMC as a regional political force, never mind […]

The post Mamata Intensifies Her Fight Against Centre As ED Sends Notice To Abhishek first appeared on IPA Newspack.

By K Raveendran The rupee hit a historic low this week. The immediate provocation was, of course, a signal from the US Federal Reserve that it will persist with high interest rates so as to try and control inflation. The dollar has been steadily climbing in recent times, driven by an exodus of capital into […]

The post A Historical Perspective To Rupee Falling To Its All-Time Low first appeared on IPA Newspack.

By Sankar Ray Pakistan is currently devastated by an unprecedented floods leading to the death of more than 1,000 persons till now. The struggling coalition of government of Shabaz Sharif is desperately trying to meet the challenge of this sudden natural calamity which has further given a jolt to its ailing economy. The poor workers […]

The post Pakistan Workers And Peasants Continue Battle For Better Livelihood first appeared on IPA Newspack.

By Nantoo Banerjee It is good to know that Russia and India are in an advanced stage of discussion on accepting each other’s debit and credit cards. Should the two countries agree, Indian ATMs (automated teller machines) will soon accept Russian MIR cards. And, Indian RuPay cards will be accepted in Russia. Further, the two […]

The post Indian ‘RuPay’ And Russian ‘MIR’ Look For New Opportunities Together first appeared on IPA Newspack.

RIYADH: The National Bank of Iraq has opened its first branch in Saudi Arabia, becoming the first Iraqi lender to engage in banking activities in the Kingdom, the CEO announced in a tweet. Yazeed

Reserve Bank of India governor Shaktikanta Das has once again came down heavily upon cryptocurrencies, saying that the digital assets can create a lot of financial instability in terms of the ability of the central bank to determine monetary policy. Das’ comments came in sync with his and the RBI’s general views on cryptocurrencies, which has […]

The post RBI Governor reiterates concerns over cryptocurrency first appeared on IPA Newspack.

LIC Housing Finance and Bajaj Housing Finance have recently announced a hike in lending rates for home loans by 0.5 per cent. Banks and non-bank lenders have been reviewing their lending rates ever since the Reserve Bank of India (RBI) increase its key interest rate by 140 basis points in three tranches since May 2022. On Monday, […]

The post Home loans get costlier as benchmark ending rate hiked first appeared on IPA Newspack.

Leading economists have pencilled in a high 13-15.7 per cent uptick in the economy in the first quarter of 2022-23 with an upward bias. Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with […]

The post Economists see GDP clipping 13-15.7% in first quarter first appeared on IPA Newspack.

The new product, Unlimint Banking and Cards (UBC), is a one-stop banking, card issuing and processing solution HONG KONG SAR – Media OutReach – 23 August 2022 – London-based global fintech Unlimint, has today announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC), a one-stop payment accounts and card issuing and processing solution. The new offering allows companies globally to […]

Five of the top-10 valued firms together lost Rs 30,737.51 crore in market valuation last week. In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent. While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan […]

The post M-cap of five of top-10 firms declines Rs 307 billion first appeared on IPA Newspack.

Matein Khalid Mortgage rates in the UAE have now doubled from 2% to 4%. My view on a protracted inflation cycle and a sharp rise in credit risk during the next year as the global/UAE economy slips into recession means that mortgage rates could rise to 7 to 8%, making a mockery of the argument that this is a cash only market with juicy rental yields. When […]

Enjoy sought-after staycations & flexible features with up to 30% OFF Hotels, Attractions and more with Traveloka Super Staycations! SINGAPORE – Media OutReach – 22 August 2022 – Ready for the thrill of travelling but rising travel costs are putting you off? Looking for value deals to create unique memories with your loved ones or craving to satisfy the urge for some me time? Traveloka, Southeast Asia’s […]

New Structure to Provide Benefits to All Shareholders STEINHAUSEN, SWITZERLAND – EQS Newswire – 22 August 2022 – Terraoil Swiss AG, an energy company with a strong focus on the Mediterranean is pleased to announce that preparations for a new holding structure have commenced which is expected to provide equal benefits to all shareholders. After successfully receiving the ruling from the Swiss tax authorities, to support the […]

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