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By D Raja On February 18, 1958, T T Krishnamachari (TTK), the then finance minister of the Union government, resigned from his cabinet position. What led to his resignation was the LIC-Mundhra Scam, in which the newly formed Life Insurance Corporation of India invested Rs 1.26 crores in the firms controlled by Haridas Mundhra, a […]

The post Time To Recall T T Krishnamachari’s Resignation In 1958 Over Mundhra Scam first appeared on IPA Newspack.

The economy of the oil-rich Abu Dhabi, which has proven crude oil reserve of 97 billion barrels, has recorded 10.5 percent growth in the first 9 months to a record Dh830 billion in 2022, according to a statement by Statistics Centre – Abu Dhabi (SCAD). Non-oil sectors contributed 50.3 percent to Abu Dhabi’s Gross Domestic Product (GDP), with an increase of Dh39 billion compared to the same […]

HONG KONG SAR – Media OutReach – 17 February 2023 – Lanson Place Personal Hotels and Residences (Lanson Place) is pleased to announce that Two MacDonnell Road, Hong Kong, a unique serviced apartment-style accommodation situated in Mid-levels, has been awarded the Caring Company Award by The Hong Kong Council of Social Service (HKCSS). The award recognises Two MacDonnell Road’s efforts in caring for the community, employees and […]

GoGreen Plus is part of Deutsche Post DHL Group’s sustainability goal of achieving net-zero emissions by 2050 SINGAPORE – Media OutReach – 17 February 2023 – DHL Express today announces the launch of GoGreen Plus, a new service that will allow customers to reduce (‘inset’) the carbon emissions associated with their shipments through the use of Sustainable Aviation Fuel (SAF)[1]. This is a first for global express […]

Singapore fintech investments bucked global trend, up 22 percent to US$4.1 billion in 2022, from US$3.4 billion the previous year. Top three investment areas in Singapore were Crypto/Blockchain, Payments and Wealthtech. Global fintech market attracts U$164.1 billion across 6,006 deals in 2022 – a strong showing despite falling from the high of US$238.9 billion seen in 2021. Top three fintech investment areas globally are Payments, Crypto/Blockchain and […]

A Japanese mobile operator, SoftBank, has partnered with global gaming blockchain, Oasys, to explore the broad integration of Web3 technologies into society SINGAPORE / TOKYO, JAPAN – Media OutReach – 16 February 2023 – Oasys Pte. Ltd. (“Oasys”) today announced that SoftBank Corp. (“SoftBank”), a Japan-based telecommunications operator, has joined as an official validator of Oasys, a gaming-optimised blockchain designed for gamers and developers alike, with a […]

By James M Dorsey This could be India’s decade if it plays its cards right. The sub-continental state is poised to be the next China, even if its path will likely be less straightforward than that of China and more of a Leninist two steps forward, one step backwards. Leaving aside the multiple domestic issues […]

The post India Could Be This Decade’s China If New Delhi Plays Its Cards Well first appeared on IPA Newspack.

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100 per cent increase in tobacco duty, consider a tax on non-recyclable plastic products Offer a two-tiered e-consumption vouchers with a target disbursement period in the first half of 2023, with HK$2,000 as the base amount for all eligible Hong Kong residents, and an additional HK$6,000 for underprivileged groups (in total HK$8,000) Maintain the HK$10,000 tax rebate on salaries tax and increase tax allowances HONG KONG SAR […]

HONG KONG SAR – Media OutReach – 13 February 2023 – Victory Securities held the “HONG KONG’S FIRST VIRTUAL ASSET RESEARCH CONFERENCE”, detailing an overview of the cryptocurrency market and analyzing the impact of external factors on the cryptocurrency market. At the press conference, a panel of experts in the virtual asset industry discussed how to revolutionize the virtual asset industry. Adam Zhou, Managing Director of Victory […]

SIBUR has secured international verification of a climate project completed at ZapSibNeftekhim, Russia’s largest petrochemical facility. MOSCOW, RUSSIA – Media OutReach – 14 February 2023 – Verico SCE, Europe’s leading validation and verification body, has confirmed that SIBUR’s climate project meets ISO 14064-2:2019. This helped SIBUR earn certified emission reductions (CERs) totalling some 3 million tonnes of CO2-eq. by 2022. Under the climate project, by-products of ZapSibNeftekhim […]

Achieved annual operating profit one year ahead of schedule TAIPEI, TAIWAN – Media OutReach – 13 February 2023 – Highlights and achievements for fiscal year 2022 Annual revenue increased to 19.4 billion yen with a 53% YoY growth rate, surpassing previous guidance of 19.2 billion yen Full-year operating profit target reached one year ahead of schedule, with operating margins at 0.3% and improving by 9 percentage points […]

HONG KONG SAR – Media OutReach – 13 February 2023 – While it is never easy to become leader of a successful enterprise, it is more difficult to have brands recognized by business leaders. Noting that there is no brand award steered by business leaders, CEO and senior management to recognize and applaud distinguished brands with high quality and leading position in the market, Metro Finance thus […]

NetApp’s new portfolio of programs and guarantees makes it easier to manage storage investment and avoid sporadic capital expenditures SINGAPORE – Media OutReach – 8 February 2023 – NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced the availability of NetApp Advance, a new portfolio of storage programs and guarantees to help customers cost-effectively future proof on-premises environments. NetApp Advance evolves the storage lifecycle, allowing […]

By K Raveendran In a desperate bid to defend Adani, an orchestrated attempt is being made to present shorting as something undesirable and even abominable. Adani himself has tried to pretend that the action by US investment firm Hindenburg in exposing the irregularities in his group’s accounting practices as an attack against India and the […]

The post Shorting Being Made Scapegoat For Adani Group’s Woes Due To Malpractices first appeared on IPA Newspack.

The establishment of the new office was announced on the sidelines of the UAE-Hong Kong Business Forum in the presence of Honourable John Lee, Hong Kong’s Chief Executive, with attendance of a high-level delegation. At the forum, Dubai Chambers and HKTDC signed an MoU to enhance collaboration for the support and advancement of mutual goals including fostering a positive economic environment and developing trade relationships and business […]

RIYADH: Saudi Arabia’s Public Investment Fund has raised $5.5 billion through its second green bond issuance, it has announced. The sovereign wealth fund will use the money to finance its sustainable

HONG KONG SAR – Media OutReach – 10 February 2023 – Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has announced it has earned the WELL Health-Safety Rating for its Hong Kong office through the International WELL Building Institute (IWBI). This is a recognition for our commitment in prioritising the health and safety of our colleagues, visitors and stakeholders in the context […]

Congress Chief Mallikarjun Kharge on Thursday asked Rajya Sabha chairperson, Vice President Jagdeep Dhankhar, why parts of his speech on Prime Minister Narendra Modi were scrubbed from parliament records, a day after similar action against party leader Rahul Gandhi. “I don’t think there was anything unparliamentary or accusatory against anyone in my speech… But a […]

The post After Rahul, Kharge’s parliament remarks also expunged first appeared on IPA Newspack.

By Krishna Jha Prime Minister Narendra Modi has blocked the demand raised by the Opposition in the Parliament for an enquiry to be monitored by the Supreme Court or to set up Joint Parliamentary Committee to investigate the Adani group’s manipulations of the stock market and fraud and into the allegations levelled against the industrialist […]

The post Prime Minister’s Refusal To Probe The Fraud In Adani Group Smacks Of An Unholy Alliance first appeared on IPA Newspack.

KUALA LUMPUR, MALAYSIA – Media OutReach – 9 February 2023 – Winston Churchill famously said: ‘We make a living by what we get, but we make a life by what we give.’ This approach seems to be behind the global transformation of businesses towards a more society-oriented model that tries to ensure that the local community and, more broadly, the world thrives. With that aim in view, […]

By Arun Srivastava It is for the first time in the history of the RSS, the proponent of politics and philosophy of Hindutva, that it has come out in the favour of a capitalist. The reason is simple: to protect the interest of its political front, the BJP, and its public face, Narendra Modi. The […]

The post India’s Crony Capitalism Thriving With Tacit Support Of State Power first appeared on IPA Newspack.

Survey Reveals Need for Hong Kong’s Working Population to Refocus on Retirement Planning as It Embraces a Post-pandemic World HONG KONG SAR – Media OutReach – 8 February 2023 – Retirement savings, retirement investments, medical protection, and physical and mental wellbeing are the four essential components of an ideal retirement life. However, many Hong Kong workers experienced disruptions to their retirement planning due to COVID-19. Now, with […]

NetApp reaffirms its leadership position with deep innovation across its storage portfolio, adding mid-market and entry level options to help customers navigate current economic conditions and constrained budgets SINGAPORE – Media OutReach – 8 February 2023 – NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced the upcoming availability of the NetApp AFF C-Series, a new family of capacity flash storage options that deliver lower […]

HONG KONG SAR – Media OutReach – 8 February 2023 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has introduced two new options to its heavy-duty R4 Rotary Latch line, offering an anti-vibration feature and an integrated cable mounting bracket solution. Southco’s new R4-30 Rotary […]

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