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BJP’s turn to release Karnataka ‘ATM Collection Tree’ poster

Targeting the Congress on corruption, the BJP on Friday released the ATM Sarkara Collection Tree poster accusing the government of using Karnataka as the Automated Teller Machine (ATM) to fund Parliamentary polls and the forthcoming assembly elections in five states. The poster has pictures of Congress MP and former party president Rahul Gandhi on the […]

The post BJP’s turn to release Karnataka ‘ATM Collection Tree’ poster first appeared on Latest India news, analysis and reports on IPA Newspack.

KCR claims BRS set for brute majority in state poll

BRS President Chief Minister K Chandrasekhar Rao has expressed confidence that his party would emerge victorious in the upcoming assembly elections, securing between 95 and 105 seats in the 119-member house. He was speaking at an extensive constituency-level BRS meeting in Gajwel, which he represents in the legislative assembly, on Friday. Stating that although Telangana’s […]

The post KCR claims BRS set for brute majority in state poll first appeared on Latest India news, analysis and reports on IPA Newspack.

Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT

NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% […]

The post Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT first appeared on Latest India news, analysis and reports on IPA Newspack.

HKT participates in e-HKD Pilot Programme with healthcare, travel, education and e-commerce merchants

Completes ring-fenced payment test to provide input on use case HONG KONG SAR – Media OutReach – 20 October 2023 – HKT (SEHK:6823) – Under HKT, HKT Payment, participating recently as part of a cross-industry consortium in the e-HKD Pilot Programme of the Hong Kong Monetary Authority (HKMA), has invited innovative enterprises from different fields, including Hong Kong Baptist Hospital, Trip.com, Hong Kong Management Association, The Club […]

A bullish macro ballast on Dalal Street

Matein Khalid While hardly news to the cognoscenti of Dalal Street and Planet Desiwalla, India’s stock market has been on a roll and it seems as if everyone of the 330 million gods in the Hindu pantheon were cheerleaders for its bullish macro ballast. If James Bond has a license to kill, India is a license to make money since the end of the near biblical macro […]

Strengthening US Dollar Is A Global Risk: RBI Paper

MUMBAI: The Reserve Bank of India’s (RBI’s) ‘State of the Economy’ report has flagged the US dollar’s continued strengthening as a global risk. This will further tighten financial conditions, according to the report, despite India adding more to its foreign exchange (forex) reserves than any other major country holding forex reserves. “Even as energy importers […]

The post Strengthening US Dollar Is A Global Risk: RBI Paper first appeared on Latest India news, analysis and reports on IPA Newspack.

Number Of Women In Blue-Collar Jobs Increasing Across Manufacturing Sector

KOLKATACHENNAIMUMBAI: “Lady candidates need not apply.” So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard […]

The post Number Of Women In Blue-Collar Jobs Increasing Across Manufacturing Sector first appeared on Latest India news, analysis and reports on IPA Newspack.

No Caps Or Country-Specific Curbs Under New Laptop Import Policy

NEW DELHI: The government on Thursday sought to allay the concerns over the decision to put imports of certain computer hardware in restricted category, with mandatory licensing, by coming up with a liberal authorisation process. In what would provide relief to the importers, which include the likes of Apple, Dell, HP and Samsung, the new […]

The post No Caps Or Country-Specific Curbs Under New Laptop Import Policy first appeared on Latest India news, analysis and reports on IPA Newspack.

Govt Eases Drawing Rights To Put Spending On Fast Track

NEW DELHI: Seeking to improve cash management, the finance ministry has allowed ministries and departments to fully leverage existing sanctions to fund central sector schemes (CSSs), before seeking fresh ones. Sanction orders will be released to new agencies under the Public Finance Management System (PFMS), a mandatory requirement to receive central funding, by a token […]

The post Govt Eases Drawing Rights To Put Spending On Fast Track first appeared on Latest India news, analysis and reports on IPA Newspack.

Elon Musk’s Wealth Shrinks By $16 Billion After Tesla Results

Elon Musk experienced a significant drop in his fortune, losing $16.1 billion on Thursday, following Tesla Inc’s disappointing third-quarter earnings report, which negatively impacted the company’s shares. Despite being the world’s richest person with a net worth of $209.6 billion, Musk’s wealth declined due to Tesla’s shares plummeting by 9.3%, Bloomberg reported. Musk owns 13% […]

The post Elon Musk’s Wealth Shrinks By $16 Billion After Tesla Results first appeared on Latest India news, analysis and reports on IPA Newspack.

Hong Kong Life launches a 10-week “Care We On Health Challenge” Giving out eCoupons worth HKD40,000 in total

HONG KONG SAR – Media OutReach – 20 October 2023 – Hong Kong Life has announced the launch of a 10-week reward campaign named as “Care We On Health Challenge”. The campaign integrates game elements into the official WhatsApp account of Hong Kong Life, allowing participants to grasp health tips and win rewards through a simple interactive Q&A game, thereby encouraging and promoting the cultivation of healthy […]

CFD trading made clear: an Octa guide

In keeping up with its clarity principle , the international broker Octa makes clear one aspect of trading at a time. Gain comprehensive knowledge about CFD trading, simply and transparently. KUALA LUMPUR, MALAYSIA – Media OutReach – 20 October 2023 – With countless abbreviations and numerous strange and unfamiliar terms, the world of finance can be confusing. One such commonly used word is ‘CFD’. The Octa experts […]

At Goldman Sachs, chickens have come home to roost

Matein Khalid The chickens have finally come home to roost at Goldman Sachs after CEO David Solomon’s succession of strategic blunders triggered a 33% slump in Q3 earnings. This is the 8th successive quarter of profit decline at the fabled Wall Street investment bank that was once known as the planet’s most profitable hedge fund that just happened to have an NYSE listing. In essence, Goldman took […]

A Beginner’s Journey: Mastering Online Trading in the UAE Market

The United Arab Emirates (UAE) is renowned for its opulent skyscrapers, sprawling deserts, and booming businesses. But beyond the glitz and glamour lies a thriving financial market that is rapidly becoming a hotspot for online trading. With the advent of technology and digitization, online trading in UAE has emerged as an enticing arena for investors, both seasoned and novices. For beginners, this journey might appear daunting, but […]

TRAI To Soon Start Consultation On Pricing Of New Spectrum Bands

NEW DELHI: The Telecom Regulatory Authority of India (Trai) is soon expected to start the consultation process to set the reserve price for new spectrum bands, identified by the department of telecommunications (DoT) in 37-37.5 GHz, 37.5-40 GHz, and 42.5-43.5 GHz, according to government officials. The process could take Trai at least six months to […]

The post TRAI To Soon Start Consultation On Pricing Of New Spectrum Bands first appeared on Latest India news, analysis and reports on IPA Newspack.

Government Set To Adopt Calibrated Crypto Approach, Won’t Rush

NEW DELHI: The government will take a calibrated approach on cryptocurrency and is not going to rush ahead despite the recommendations of a synthesis paper prepared by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) having been accepted by G20 finance ministers and central bank governors in Marrakech last week. While the […]

The post Government Set To Adopt Calibrated Crypto Approach, Won’t Rush first appeared on Latest India news, analysis and reports on IPA Newspack.

India, UK Free Trade Deal Unlikely To Finalise By Month End

NEW DELHI: India and the United Kingdom (UK) are unlikely to ink the much-anticipated trade deal by the end of October as differences are yet to be ironed out, it is learnt. A top official aware of the development told Business Standard Wednesday late evening that although negotiations are on in full swing, a timeline […]

The post India, UK Free Trade Deal Unlikely To Finalise By Month End first appeared on Latest India news, analysis and reports on IPA Newspack.

India-China To Contribute Half Of World’s Growth In 2023, 2024: IMF

NEW DELHI: India and China are projected to jointly contribute about half of the world’s growth in both 2023 and 2024, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (Asia and Pacific) report. India’s economy is projected to grow at 6.3% in FY24 and FY25 – the fastest among the major […]

The post India-China To Contribute Half Of World’s Growth In 2023, 2024: IMF first appeared on Latest India news, analysis and reports on IPA Newspack.

Review Open-Ended Grain Procurement: CACP

The Commission for Agricultural Costs and Prices (CACP) has called for a review of the government’s open-ended grain procurement policy to restrict rice and wheat purchase from the farmers for the meeting requirement under the National Food Security Act. The open ended procurement policy for rice and wheat has resulted in accumulation of huge stocks […]

The post Review Open-Ended Grain Procurement: CACP first appeared on Latest India news, analysis and reports on IPA Newspack.

Decrypt, Build, and Connect WEB3 – ‘BIT BEST Web3 Finance Global Consensus Summit’ Successfully Concluded

DUBAI, UAE – Media OutReach – 19 October 2023 – On October 16, 2023, led by BIT BEST, the BIT BEST Web3 Finance Global Consensus Summit came to a successful conclusion in Bali. The conference, themed “BIT BEST & Web3 Finance”, focused on BIT BEST’s on-chain financial ecosystem, exploring decentralized financial theories and practices. It brought together hundreds of ecosystem members, industry KOLs, and crypto teams to […]

Bitcoin ascent amid conflict?

The tragic, ongoing Israel-Hamas war is a harrowing reminder of the enduring geopolitical turmoil in the Middle East. Amidst this appalling crisis, the value of Bitcoin, a digital currency often categorised as a “risk on” asset class, has dropped, alongside most other riskier assets, including global stock markets. However, there are reasons, and also historical context, to suggest that due to its underlying core characteristics, should the […]

Telecom Majors Likely To Plead For Review Of SC Licence Fee Ruling

KOLKATA: India’s top telcos are expected to file a review petition against the Supreme Court’s ruling to treat licence fees as a capital expenditure that could potentially prompt authorities to raise hefty retrospective demands, including penalties on operators for tax payment shortfalls of past periods. Kotak Institutional Equities estimates Bharti Airtel could face a potential […]

The post Telecom Majors Likely To Plead For Review Of SC Licence Fee Ruling first appeared on Latest India news, analysis and reports on IPA Newspack.

India To Spend Rs 143 Trillion On Infrastructure By 2030

New Delhi: India will spend nearly ₹ 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the ₹ 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today. Of the total, ₹ 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals […]

The post India To Spend Rs 143 Trillion On Infrastructure By 2030 first appeared on Latest India news, analysis and reports on IPA Newspack.

Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains

First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive. KUALA LUMPUR, MALAYSIA – Media OutReach – 18 October 2023 – Capital Markets Malaysia (“CMM“), an affiliate of the Securities Commission Malaysia (“SC“), today launched a Simplified ESG Disclosure Guide (“SEDG“), making Malaysia the first country globally to provide small-to-medium enterprises (“SMEs“) within global supply chains […]