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MUMBAI: US-based telecom tower major American Towers Corporation (ATC) is close to selling its loss-making India operations at an enterprise valuation of up to $2.2 billion by December-end. I Squared Capital, the US-based infrastructure private equity firm, is leading the race to buy the telecom tower company, which has seen a continuous loss of valuation […]

The post American Towers Set To Sell Loss-Making India Ops For $2.2 Billion first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories […]

The post FPIs Selling Spree Continues; Pull Out Rs 5,800 Crore From Equities In November first appeared on Latest India news, analysis and reports on IPA Newspack.

Arabian Post Staff Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, unveiled revised growth targets that will see the group accelerate the development of new power and water generation assets. Building upon its 2021 growth strategy, the revised growth targets see Taqa aiming for 150 gigawatts (GW) of gross power generation by 2030, up from […]

The air quality in Delhi and nearby cities reached hazardous levels a day after Diwali with the widespread violation of the firecracker ban across the National Capital Region (NCR) on Sunday raising pollution concerns. Most realtime air monitoring platforms this morning pegged the air quality index (AQI) above 500, with some places reaching as high […]

The post Delhi air crisis worsens after Diwali fireworks first appeared on Latest India news, analysis and reports on IPA Newspack.

SINGAPORE – Media OutReach – 10 November 2023 – AtkinsRéalis (TSX: ATRL), a fully integrated professional services and project management company with offices around the world, has been awarded an engineering and design services contract by WuXi STA, a subsidiary of WuXi AppTec, to support the first phase of an active pharmaceutical ingredient (API) manufacturing facility in Singapore. The facility aims to further enable WuXi STA’s global […]

DUBAI, UAE – Media OutReach – 10 November 2023 – Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ), announced the launch of a venture capital (VC) fund worth US$136 million. Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al […]

Congress leader Manish Tewari on Friday extended support to Infosys co-founder NR Narayana Murthy’s “70 hours per week work” remark and advice that 70 hours a week with one day off and 15 days of vacations in a year should become the norm. The Congress leader’s reaction came days after Murthy stirred a little storm […]

The post Manish Tewari backs Murthy’s call for Sunday working first appeared on Latest India news, analysis and reports on IPA Newspack.

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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.

NEW DELHI: The Centre is drawing up a plan for the privatisation of Rashtriya Ispat Nigam Ltd (RINL), also known as Vizag Steel, under which the prospective buyer/s would have to commit to expand its 7 million tonne (MT) plant, an official source said. The capacity scope for the unit is pegged at 18 MT. […]

The post RINL Sale: Bidders May Have To Pledge To Expand Unit; Some Land Parcels May Be Kept Out Of Deal first appeared on Latest India news, analysis and reports on IPA Newspack.

United Terra Enterprises PLC held its shareholders’ meeting which resulted in a share capital increase by contribution in kind and the election of the Board of Directors and management. Ruggell, Liechtenstein – EQS Newswire – 11 November 2023 – United Terra Enterprises PLC (“UTP” or the “Company”) is pleased to announce that the Company held a General Meeting on October 25, 2023. During the meeting, a capital […]

49% of AI enterprises expressing difficulties in recruiting technical talent HKPC provides nine major recommendations for establishing Hong Kong as a well-recognised “International AI and Data Industry Development Hub” HONG KONG SAR – Media OutReach – 10 November 2023 – Hong Kong Productivity Council (HKPC) released the key findings on their “Hong Kong AI Industry Development Study” today, focusing on the status of Hong Kong’s artificial intelligence […]

MUMBAI: Global venture capital (VC) investments dipped 5.4 per cent on a quarter-on-quarter (Q-o-Q) basis from $81.4 billion in the second quarter of calendar year 2023 (Q2CY23) to $77 billion in the third quarter of calendar year 2023 (Q3CY23) as VCs remain cautious before closing deals. The number of deals fell from 9,563 in Q2 […]

The post Global VC Investments Drop 5.4% As VCs Remain Cautious: KPMG Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Prabhat Patnaik In an economy like ours where the work-force is not neatly divided into “the employed” and “the unemployed”, and instead there is massive and growing casualisation of work, measuring unemployment is a tricky business. It necessarily means asking a person how much work that person got over a certain period in the […]

The post India’s Working Force Has Remained Stagnant Over The Last Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

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, […]

Phillip Nova launches a brand-new platform Phillip Nova 2.0, claiming that is the Only One trading account investors will need. SINGAPORE – Media OutReach – 10 November 2023 – The Phillip Nova 2.0 trading platform, now available as a mobile app on Apple App Store and Google Play Store. Investors can not only diversify their portfolios, but also take advantage of opportunities across various markets when they […]

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.

Receives Best Retail Broker award at SIAS Investors’ Choice Awards Dinner Finalist for the Singapore Fintech Festival Global Fintech Awards SINGAPORE – Media OutReach – 9 November 2023 – Moomoo Financial Singapore Pte. Ltd. (“Moomoo Singapore”) is pleased to be named the Best Retail Broker in Singapore by the Securities Investors Association (Singapore)(“SIAS”) . Mr Gavin Chia, CEO of Moomoo Singapore, received the award from Guest of […]

MUMBAI: Alternative Investment Funds (AIFs) are awaiting clarity from the markets regulator, the Securities and Exchange Board of India (Sebi), on the valuation mandate to address gaps in audit timelines, operational challenges, and issues in benchmarking. Last week, Indian Private Equity and Venture Capital Association (IVCA) — the industry body for AIFs — became a […]

The post Alternative Investment Funds Seek Clarity From SEBI On New Valuation Norms To Address Gaps first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: New investment demand in the second half of this fiscal year is likely to be tempered amid increased geopolitical tensions in the Middle East, and a potential slowdown in the momentum of government capital expenditure (capex) and project execution prior to the general elections, said credit rating agency ICRA in its latest report […]

The post New Investment Demand Likely To Taper In Second Half Of FY24: ICRA first appeared on Latest India news, analysis and reports on IPA Newspack.

According to steel industry body, ISA, India will continue to be the top export destination for coking coal in the foreseeable future. The local steel industry is being impacted by rising prices, and the Indian steel sector is looking for sustainable ways to use coking coal. India is the biggest importer of met coal. India […]

The post India To Remain Export Market For Coking Coal; Rising Prices Remain A Concern: Industry Body ISA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Amid record high power demand this year, the Union power ministry has initiated discussions with state governments to augment their power generation capacities, both conventional and renewable energy. Union Minister for Power, New and Renewable Energy R K Singh said close to 12 gigawatt (Gw) of new coal-based capacity will come online by […]

The post 12 GW Thermal Power By Next Year To Meet High Demand, Says R K Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

LocaMos Global AG, an emerging name in the Marketing technology and blockchain sector, proudly announces the official inauguration of its new headquarters in Zug, Switzerland. This significant milestone marks a crucial juncture in the company’s path of growth and development. Switzerland – November 7, 2023 — LocaMos Global AG, a technology company based in Zug, Switzerland, recently established, is making waves by combining two crucial facets in […]

NEW DELHI: The Indian economy has the potential to clock 6.2 per cent annual average growth rate in the medium term during the 2019-27 period, credit rating agency Fitch ratings said in its latest Global Economic Outlook report on Monday. The agency raised the projection by 0.7 percentage points from 5.7 per cent estimated for […]

The post Fitch Upgrades India’s Medium-Term GDP Growth Projection To 6.2% first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

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