HONG KONG SAR – Media OutReach Newswire – 6 February 2024 – After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy. In this […]
Last week powerhouse companies such as Microsoft, Alphabet, Apple, Amazon, and Meta unveiled their Q4 2023 financial results. The spotlight was on these giants, collectively known as the Magnificent Seven, which include Nvidia and Tesla, as they have been the driving force behind the remarkable 107% surge in market returns throughout 2023. However, as investors revel in the recent earnings beats, a critical question looms large: can […]
NEW DELHI: The existing taxation structure for corporates with a 22 per cent tax is “very reasonable” when compared to an economy of the size of India and hence the concessional tax regime which was in force for four years for new manufacturing units was not extended beyond March 2024, Revenue Secretary Sanjay Malhotra said. […]
The post Existing Taxation Structure For Corporate Very Reasonable: Revenue Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5% higher than Rs 1.12 lakh […]
The post ONGC, IOC, Other Oil PSUs To Invest Rs 1.2 Lakh Crore In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said […]
The post Focus To Be On Concluding Ongoing Strategic Sales In FY25: DIPAM Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.
MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]
The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.
MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in the September and December quarters of […]
The post Private Capex Hike Depends On Demand: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: The Centre is likely to give up on the plan to monetise stadiums, while reworking the strategy for the iconic Ashok Hotel in the national capital. It is likely to offer the hotel under the PPP mode through a single transaction, sources told TOI. This means the plan to monetise asset of the […]
The post Government To Shelve Stadium Monetisation first appeared on Latest India news, analysis and reports on IPA Newspack.
The show apartment of Golf Vista Heights will be unveiled at the Golden Bridge sales center on Wednesday, February 7ᵗʰ. Golden Bridge and London Gate proudly announce a strategic collaboration for the extraordinary masterpiece Golf Vista Heights. An exquisite residential marvel set amidst the iconic Dubai Sports City, meticulously developed by London Gate and exclusively managed by Golden Bridge. Golf Vista Heights will officially launch at the […]
Quasar Markets aims to catalyze financial innovation through AI and Web3 integration. Tampa, Florida, United States – February 3, 2024 — Quasar Markets has officially launched its financial market research platform, powered by artificial intelligence and Web3. The platform, accessible at quasarmarkets.com, promises to revolutionize financial analysis and investment strategy, setting a new benchmark for innovation in the sector. Steven E. Orr, CEO of Quasar Markets, expressed his […]
NEW DELHI: Capital markets regulator Sebi on Friday proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. The regulator proposed revisions to nomination facilities for securities such as shares, bonds, units […]
The post SEBI Mulls Revamping Nominations Framework first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: Setting a high annual disinvestment target can potentially create an “overhang in the market” and could be detrimental to the value creation strategy of central public sector enterprises (CPSEs) concerned, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said on Friday. In an interview to ET, he said the […]
The post High Selloff Target Can Potentially Create Overhang In The Market, Says DIPAM Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.
HONG KONG SAR – Media OutReach Newswire – 2 February 2024 – Black Spade Capital Limited (“Black Spade“) announced that it has entered into a memorandum of understanding (“MOU“) with Mr. Gilbert Yeung (“Mr. Yeung“), the creator of: the legendary nightclub dragon-I, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store Ten Feet Tall, to launch a new top-notch and exclusive global lifestyle, entertainment and […]
BANGKOK, THAILAND – Media OutReach Newswire – 1 February 2024 – The Tourism Authority of Thailand (TAT), in collaboration with Trip.com Group, hosted ‘Super World Tour BOSS LIVE’ under the “Thailand – A Must for Chinese” campaign at Rosewood Bangkok Hotel on Wednesday’s evening, January 31, achieving over 100 million baht in a day. This livestream announced Thailand travel deals, whether airline discounts, accommodation promotions, or travel […]
NEW DELHI: The government has proposed increasing the investment of eight state-owned power companies by nearly 14 per cent to Rs 67,286.01 crore during financial year 2024-25. This compares to an investment of Rs 59,119.55 crore for the current financial year under revised estimate. The annual investment by these eight power sector firms for the […]
The post Public Sector Power Companies Investment To Rise 14 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.
By Girish Linganna The interim Budget 2024 has not made mention of any measure or recommendation to address the very serious bottleneck that has been gripping India’s maritime trade for weeks now—the Red Sea crisis! This crisis is also known as the United States-Iran proxy war that began on October 19, 2023, when the Houthis […]
The post 2024-25 Budget Is Silent On India’s Maritime Preparedness To Deal With Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: Finance Minister Nirmala Sitharaman set a target for raising Rs 50,000 crore through divestment receipts and monetisation of public assets in the financial year 2024-25. However, the government, for the first time, did not reveal the specific target for divestment for the next fiscal year. The receipts from asset monetisation, along with proceeds […]
The post Interim Budget: Disinvestment, Monetisation Target Set At Rs 50,000 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.
Industry leaders and leading tax consultants have expressed surprise over non-extension of the sunset date of the concessional tax rate of 15% on new manufacturing units beyond March 31, 2024 in the interim Budget, as this may discourage fresh private investments, say experts. “Considering the continuing need to incentivise manufacturing in India and the support […]
The post Non-Extension Of 15 Per Cent Tax For New Manufacturing Units May Discourage Fresh Investments first appeared on Latest India news, analysis and reports on IPA Newspack.
The Bahamut Foundation has revealed a groundbreaking initiative, unveiling the $FTN Bahamut Grants Program. This ambitious project earmarks a substantial $10 million for fostering ecosystem development. The foundation’s move aims to catalyze growth, supporting diverse projects within the ecosystem.
Setting a new standard in financial technology, Bahamut Foundation’s $FTN Bahamut Grants Program is a strategic investment in the development and expansion of innovative projects. The substantial fund allocation is geared towards empowering a spectrum of initiatives that contribute to the vibrancy and sustainability of the broader ecosystem.
The initiative is expected to invigorate the ecosystem by providing crucial financial backing for various projects. From blockchain solutions to decentralized applications, the Bahamut Grants Program seeks to fund ventures that align with its vision for a robust and inclusive ecosystem.
Key figures within the Bahamut Foundation express optimism about the transformative impact of the grants. CEO [Name], in a recent statement, highlighted the foundation’s commitment to fostering innovation and pushing the boundaries of what the ecosystem can achieve. The program signals a proactive approach to nurturing and amplifying the potential of emerging technologies.
As the $FTN Bahamut Grants Program gains traction, it positions the foundation as a major player in shaping the future landscape of financial technology. The grants are not only a financial injection but also a testament to the foundation’s confidence in the potential of projects within the ecosystem to drive meaningful change.
Developers, entrepreneurs, and innovators are encouraged to seize this unprecedented opportunity to propel their projects forward. The Bahamut Foundation’s commitment to transparency and impartial evaluation ensures a level playing field for all applicants seeking to benefit from the $10 million grants program.
In a landscape where technological advancements redefine financial ecosystems, Bahamut Foundation’s strategic move sets a precedent for proactive engagement and support. The $FTN Bahamut Grants Program is poised to become a catalyst for innovation, unlocking new possibilities and shaping the trajectory of ecosystem development. As the application process opens, the foundation anticipates a surge of diverse and impactful proposals vying for a share of the substantial grants.
While BJP leaders called the Interim Budget 2024-25 “encouraging” and “empowering”, opposition leaders expressed disappointment calling it an “anti-people budget”. The key highlights of the Interim Budget 2024-25 include “no changes” to the taxation system — both direct and indirect — including import duties. FM Sitharaman said that the “target is to reduce the fiscal […]
The post Opposition calls Interim Budget 2024-25 as ‘anti-people’ first appeared on Latest India news, analysis and reports on IPA Newspack.
By K R Sudhaman The interim budget 2024-25 presented ahead of the General elections in April-May is slightly different from previous interim budgets in the sense it made no major tax announcements keeping in line with the convention. What is significant is that the budget speech was short, less than an hour, and that it […]
The post Pre-Election Interim Budget 2024-25 Smacks Of Confidence Of Modi Govt first appeared on Latest India news, analysis and reports on IPA Newspack.
Dubai-based real estate giant, Taraf, has recently revealed its newest residential undertaking in the thriving community of Jumeirah Village Circle (JVC). The unveiling marks the company’s strategic expansion in one of Dubai’s rapidly growing residential sectors.
The newly launched project is poised to offer a diverse range of residential options, catering to the varying needs of potential homeowners and investors. Taraf’s commitment to quality and innovation is expected to be reflected in the architectural design and amenities provided within the development.
JVC, known for its family-friendly environment and convenient location, has become a sought-after destination for both residents and property investors in Dubai. Taraf’s decision to introduce a new residential project in this community aligns with the city’s continuous urban development efforts.
While specific details about the project remain limited, industry insiders anticipate that Taraf’s venture will contribute significantly to the evolving real estate landscape of JVC. The development is expected to feature modern amenities, green spaces, and innovative design elements that enhance the overall living experience.
This move comes as Dubai’s real estate market continues to show signs of recovery and growth after a period of adjustments. Taraf’s decision to launch a new residential project underscores the confidence in the market’s resilience and the potential for long-term investment opportunities.
The real estate company is known for its successful track record in delivering quality projects, and this latest venture is anticipated to uphold the same standard. With the announcement generating buzz in the local real estate scene, potential buyers and investors are keenly awaiting further details on the project’s specifics.
As Dubai remains a hub for international business and a melting pot of diverse cultures, the demand for premium residential spaces continues to rise. Taraf’s strategic move to introduce a new project in JVC positions the company to meet the growing demand and capitalize on the evolving preferences of the city’s residents.
While the real estate market in Dubai experiences fluctuations, Taraf’s decision to invest in a new residential project reflects a calculated approach to meet the evolving demands of the dynamic city. As the project unfolds, it is expected to contribute to the overall growth and development of Jumeirah Village Circle, solidifying Taraf’s presence as a key player in Dubai’s real estate sector.
Serco, a global leader in essential services, has recently acquired Climatize, a move aimed at reinforcing its commitment to sustainability. The acquisition aligns with Serco’s strategic vision to enhance environmental initiatives across its diverse portfolio.
The acquisition, finalized after meticulous negotiations, positions Serco to play a more influential role in addressing climate challenges. With Climatize’s expertise in sustainable technologies, Serco aims to integrate innovative solutions into its operations, fostering a greener approach to service delivery.
Climatize, known for its cutting-edge solutions in climate control and eco-friendly technologies, brings a wealth of knowledge to Serco’s sustainability endeavors. By leveraging Climatize’s capabilities, Serco seeks to reduce its carbon footprint, improve energy efficiency, and implement environmentally conscious practices throughout its operations.
This strategic move underscores Serco’s recognition of the growing importance of sustainability in today’s global landscape. The acquisition reflects the company’s commitment to staying at the forefront of industry trends and proactively addressing environmental challenges.
Industry analysts view this acquisition as a positive step for both companies, with the potential to create a ripple effect across the sector. Serco’s acquisition of Climatize is expected to set a new standard for sustainability within the essential services industry, influencing competitors and encouraging broader adoption of eco-friendly practices.
Leadership at Serco expressed enthusiasm about the acquisition, emphasizing the long-term benefits for the company, its stakeholders, and the environment. The integration of Climatize’s expertise is anticipated to result in operational efficiencies and cost savings, further strengthening Serco’s position as an industry leader.
While specifics of the deal remain confidential, insiders suggest that Serco’s investment in Climatize aligns with a broader industry trend towards prioritizing sustainability. The move is seen as a strategic response to increasing consumer demand for environmentally responsible business practices.
As Serco takes this significant step towards a more sustainable future, the company affirms its dedication to corporate social responsibility and environmental stewardship. The acquisition of Climatize marks a milestone in Serco’s journey towards integrating sustainability into its core business operations, demonstrating the company’s proactive stance in addressing global environmental challenges.
Dubai’s pivotal economic hub, the World Trade Centre, is set to host a series of dynamic events in February 2024, focusing on Healthcare, Food and Beverage, and Real Estate. The multifaceted calendar promises a diverse range of activities, underscoring the centre’s commitment to fostering collaboration and innovation in these crucial sectors.
Kicking off the month, the Healthcare segment will take center stage, featuring conferences and forums addressing the latest advancements in medical technology, healthcare management, and global health challenges. Industry leaders, healthcare professionals, and policymakers are anticipated to converge at this prominent venue, fostering discussions on cutting-edge solutions and strategies.
Following the Healthcare focus, the calendar seamlessly transitions into the Food and Beverage domain. Renowned chefs, food industry experts, and enthusiasts will converge to explore emerging trends, sustainable practices, and technological innovations shaping the culinary landscape. This culinary rendezvous aims to not only celebrate gastronomic excellence but also provide a platform for networking and business opportunities within the industry.
In the latter part of the month, the Real Estate sector will take the spotlight at the World Trade Centre. The events will encompass conferences, seminars, and exhibitions addressing key aspects of the real estate landscape, including market trends, investment opportunities, and sustainable development practices. Industry stakeholders, investors, and professionals will converge to gain insights into the evolving dynamics of the real estate market.
These events at the Dubai World Trade Centre are strategically aligned with the emirate’s vision for economic diversification and innovation. By bringing together experts and stakeholders from Healthcare, Food and Beverage, and Real Estate, the centre aims to facilitate knowledge exchange, collaboration, and business development opportunities.
Notable figures from each sector are expected to grace these events, providing valuable perspectives and contributing to the robust discussions. The convergence of influential voices and industry players at the Dubai World Trade Centre’s events in February 2024 solidifies the centre’s position as a global nexus for knowledge-sharing and business advancement across key sectors.
