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MUMBAI: The Pension Fund Regulatory and Development Authority (PFRDA) has sought a level-playing field for corporations in making contributions to the National Pension Scheme (NPS) so that they are at par with contributions made in provident fund (PF) for employees in respect of tax treatment. Currently, the tax exempt contribution is capped at 10 per […]

The post PFRDA Seeks Tax Parity For NPS Contributions With PF Contributions first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Canada-based Brookfield Asset Management will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of Rs 16,628 crore ($2 billion), the company said on Friday. After its third acquisition in India’s telecom sector in four years, Brookfield is set to become the largest manager of telecom towers in the […]

The post Canada-Based Brookfield Asset Management To Buy ATC India In $2 Billion Deal first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to […]

The post Markets Extend Gains On Foreign Fund Inflows first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong demand from both international and domestic markets spurred services sector activity to a three-month high in December, according to a private survey released Friday. The HSBC India Services Purchasing Managers’ Index ended 2023 at 59, higher than the previous month’s reading of 56.9, as per the survey conducted by S&P Global. PMI […]

The post Services Activity Accelerates To Three-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

HAMBURG, GERMANY – EQS Newswire – January 2, 2024 – Financing secured for project completion Progress and commitment to clean energy Stable financing consortium Yunneng Wind Power Co., Ltd. (Yunneng), the company responsible for the construction and operation of the 640 MW Yunlin offshore wind farm project in Taiwan (Yunlin Project), has received the necessary approvals from Taiwanese authorities, namely, the Ministry of Economic Affairs, and Energy […]

LONDON, UK – Media OutReach Newswire – 2 January 2024 – The Best Places to Work organization announced today the top 25 Best Places to Work in Europe for 2023. Topping this year’s ranking was Takeda, the leading multinational pharmaceutical company followed Bristol-Myers Squibb. McDonald’s secured the third among the top 25 most performing organizations in Europe. For the past couple of years, the Best Places to […]

Bihar Chief Minister Nitish Kumar deserved to be the prime ministerial candidate, and not merely the convenor of INDIA coalition, a couple of the JD(U) president’s close aides asserted here on Thursday. The averment came from ministers Madan Sahni and Ratnesh Sada, both of whom had visited the JD(U)’s Bihar headquarters here for “Jan Sunwai”, […]

The post Bihar ministers want Nitish Kumar as INDIA PM face first appeared on Latest India news, analysis and reports on IPA Newspack.

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MUMBAI: In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to $83.8 billion in 2023, saved by the mega-merger of HDFC twins — the biggest deal in India Inc’s history till date, according to an industry report. Excluding the $60.4-billion HDFC Bank-HDFC merger, year-on-year […]

The post M&A Activities Plunge 51% To $83 Billion In 2023 Amid Funding Winter: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds might crimp profitability for financiers as the pace of deposit mobilization trails credit growth. Non-banking […]

The post Credit Growth Signals Robust Q3 For India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

BANGKOK, THAILAND – Media OutReach Newswire – 4 January 2024 – ONYX Hospitality Group, the prominant management company in Southeast Asia specialising in hotels & resorts, serviced apartments and luxury residences, proudly manages four distinctive properties in Malaysia. These include the well-established Amari Johor Bahru, the lively OZO Georgetown Penang, and the recently inaugurated gems, Amari SPICE Penang and Amari Kuala Lumpur. With a variety of facilities […]

JAKARTA, INDONESIA – Media OutReach Newswire – 5 January 2024 – Novo Nordisk, AstraZeneca and Darya-Varia Laboratoria are recognized as the top 3 best places to work in Indonesia for 2023 according to the annual prestigious “Best Places to Work” certification program. Best Places to Work is an international certification program, considered as the ‘Platinum Standard’ in identifying and recognizing top workplaces around the world, providing employers […]

NEW DELHI: The Food Corporation of India (FCI) has allayed fears of any problems due to lower wheat procurement this year and expressed confidence in buying a quantity more than the annual requirement under all welfare schemes. Briefing the media on the achievement of FCI since its inception in 1964, FCI Chairman and Managing Director […]

The post India Will Procure More Than Required Rice For Buffer Stocks, Says FCI CMD first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre on Wednesday cancelled the disinvestment plans of the Salem Steel Plant, the stainless steel making unit of the Steel Authority of India Ltd (SAIL), citing lack of interest from bidders. According to a statement from the Ministry of Finance, multiple EoIs had been received and bidders were shortlisted. However, due to […]

The post Govt Scraps Privatisation Of SAIL’s Salem Steel Plant first appeared on Latest India news, analysis and reports on IPA Newspack.

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of Covid-19. Total bankruptcy filings — encompassing commercial and personal insolvencies […]

The post US Bankruptcies Surge 18%, More In Store: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s manufacturing activity declined to its lowest level in 18 months in December, pulled down by weaker increase in factory orders and output, according to a private survey released Wednesday. The HSBC India purchasing managers’ index of manufacturing eased further to 54.9 in December compared with 56 in the previous month. However, the […]

The post Factory Activity Hits 18-Month Low In December On Weaker Order Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5 per cent in India and a host of emerging market countries, Fitch Ratings said on Wednesday. In its report titled ‘APAC Cross-Sector Outlook 2024′, Fitch said the outlooks for the banking sectors in […]

The post Growth In Asia Pacific Emerging Markets To Remain Strong In 2024: Fitch first appeared on Latest India news, analysis and reports on IPA Newspack.

SonicWall doubles-down on its cloud-security platform for the modern, remote workforce with its acquisition of Banyan Security SINGAPORE – Media OutReach Newswire – 4 January 2024 – SonicWall, a global cybersecurity leader, today announced the acquisition of Banyan Security, a leading provider of security service edge (SSE) solutions for the modern workforce. This acquisition strengthens SonicWall’s portfolio by adding zero trust security relied on by leading fortune […]

NEW DELHI: India’s Mines Ministry has upped the ante as it eyes securing supplies for critical minerals specially lithium and cobalt, among others. Beyond getting into global alliances and participating across select projects; discussions are currently underway with Lat-Am nations, like Argentina, Chile and Bolivia (also called global Lithium Triangle), and Australia for acquisition of […]

The post India Plans More Auctions To Boost Access To Critical Minerals In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Tuesday proposed to tighten norms for dividend declaration by banks as it lowered the net non-performing asset (NPA) ratio for a lender to be eligible for paying dividends. In a draft circular released on Tuesday, the RBI said it would not entertain any ad hoc dispensation on […]

The post Reserve Bank Of India Seeks To Lower NNPA Of Banks For Paying Dividends first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: From Hindustan Unilever to ICICI Bank, HDFC Bank and Eicher Motors, almost all the big names of India Inc and thousands, if not lakhs, of smaller GST taxpayers have received tax demand on the eve of new year as authorities sought to meet the five-year deadline to raise claims, literally burning the midnight […]

The post GST Department Goes On Tax Demand Overdrive first appeared on Latest India news, analysis and reports on IPA Newspack.

The world’s largest lead wire manufacturer successfully creates a conductor that maintains stable resistance even when stretched TAIPEI, TAIWAN – Media OutReach Newswire – 3 January 2024 – Smart wearable devices have emerged as a focal point in future development. In recent years, there has been a surge in awareness regarding monitoring physiological data. Smartwatches and wearable monitors continue to gain traction in the market. Despite the […]

SINGAPORE – Media OutReach Newswire – 3 January 2024 – YouTrip, Singapore’s favourite multi-currency e-wallet, today announced the increased stock and flow cap limits on its digital wallet and new security enhancements to empower users with greater convenience, flexibility and security as they make cross-border transactions. Starting today, YouTrip users can hold up to S$20,000 in their wallets at any point in time and enjoy an annual […]

Arabian Post Staff Abu Dhabi-based conglomerate International Holding Company announced the formation of  2PointZero as a next generation Holding Company comprising several diverse and dynamic companies. Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion. The transfer is subject to obtaining of  all regulatory approvals. 2PointZero embodies a vision […]

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Just in:
Ousted top Kochi cop gets IG post // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Oil and chip shares retreat after Democratic victories // OpenAI identifies 948 Linux privilege escalation flaws using AI // APT29-linked campaign exploits outdated Apple and Android software // Millions Of Indians May Soon Be Deprived Of Government Assistance // Middle East governments assess Iran war after US vote // TVM –Mangaluru Vande Bharat claims top spot // Kochi police detain two actors over bid to honey trap doctor // Technology shares plunge as Nasdaq enters correction // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Dubai boat show confirms international shipyard line-up for November // Emirates Group records AED 4.1 billion half-year profit // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Meraas showcases five residential zones at Dubai Design Week // Private varsities bill all set to face the axe // UK air traffic outage inflicted £33m financial losses // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Emaar approves Development buyout ahead of planned delisting // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final //