Spackman Media Group artist Son Suk-ku secured the top spot in the 2023 MALE ACTORS TO WATCH survey conducted by Cine21, a weekly film magazine in Korea The ranking serves as a testament to Son Suk-ku’s dominance in both big and small screens in Korea, headlining 2022’s top box office performing film, THE ROUNDUP, and the most popular K-drama in May 2022, MY LIBERATION NOTES Fresh off […]
The Reserve Bank of India today said the country’s banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies. “Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. Banks are also in compliance with the Large Exposure Framework guidelines issued by the […]
The post RBI says banking sector stable amid Adani stocks rout first appeared on IPA Newspack.
By Prabhat Patnaik The most outstanding feature of the Indian economy today is the sluggish increase in real consumption expenditure. Between 2019-20 and 2022-23 for instance the per capita real consumption expenditure has grown by less than 5 per cent which is less than the rate of growth of the gross domestic product. Even the […]
The post Modi 2’s Last Full Budget Ignores Indian Economy’s Basic Problem first appeared on IPA Newspack.
By Sushil Kutty Calling it “The Curious Case of ED Under Modi” will give the Bharatiya Janata Party a hole to duck into. There is nothing “curious” about the Modi government using the Enforcement Directorate to target non-BJP state governments and circle the wagons to protect the interests of the Bharatiya Janata Party. It is […]
The post Enforcement Directorate Is An Ally Of Modi Govt Against Opposition Parties first appeared on IPA Newspack.
By Dr. Gyan Pathak Union Budget 2023-24 is deceptive. The very presumptions of revenue and growth are overestimated, promises made are too high to be realized, allocations made are inequitable for different sectors as well as social groups, and the higher allocations made for certain sectors are being energetically overplayed. If the Indian Economy is […]
The post Deceptions In Plenty In The Union Budget 2023-24 first appeared on IPA Newspack.
Sustainability-Linked Derivative (SLD) supports RGE’s strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022 Besides hedging the interest rate risk of its latest SLLs, the SLD shows RGE’s confidence in delivering on its SLL’s sustainability KPIs SINGAPORE – Media OutReach – 3 February 2023 – Royal Golden Eagle (“RGE”), a global group of resource-based manufacturing companies, has announced that its member […]
TOKYO, JAPAN – Media OutReach – 3 February 2023 – Malvern College celebrated the launch of its seventh overseas school, Malvern College Tokyo, at the British Ambassador’s Residence yesterday. A cocktail reception was co-hosted by Her Excellency Julia Longbottom CMG, British Ambassador to Japan, and Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific. Mr Robin Black, Chairman of Malvern College, Mr Keith […]
By Saifur Rahman The International Monetary Fund (IMF) this week approved a 42-month credit line of US$4.7 billion including US$3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as US$1.4 billion under the newly created Resilience and Sustainability Facility (RSF). This approval enables the immediate disbursement of US$476 million. Bangladesh is the first Asian country to access the RSF. “The 42-month […]
By P. Sudhir A small US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations. The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshalling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies […]
The post Investigation Into The Entire Business Activities Of Adani Group Is Imperative first appeared on IPA Newspack.
Adani Enterprises Ltd has called off its Rs 20,000-crore share sale, saying it would not be “morally correct” in the current market condition. Adani Enterprises chief Gautam Adani has said although the FPO closed successfully yesterday, “the market has been unprecedented (today), and our stock price has fluctuated over the course of the day”. “Given […]
The post Adani ditches share issue on ‘moral’ grounds first appeared on IPA Newspack.
ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The $30 million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. DHAKA, BANGLADESH – Media OutReach – 2 February 2023 – ShopUp, the largest full-stack B2B commerce platform […]
By Nantoo Banerjee The massive boost in infrastructure spending proposed in the 2023-24 budget is expected to be the biggest growth driver of the county’s economy with several sectors such as steel, coal, power, engineering, automobile and banking are expected to do well. The infrastructure spending along with the focus on tourism, urban development covering […]
The post 2023-24 Budget Provides Big Boost For Industry, Tourism first appeared on IPA Newspack.
By Dr. Gyan Pathak “The fundamentals of the Indian Economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. Policies pursued carefully and consciously to ensure …” was of course noisy and highly opinionated statement of the Economic Survey 2022-23, but the Union Budget 2023-24, […]
The post Union Budget 2023-24 Is Not Fair To The Vulnerable Sections first appeared on IPA Newspack.
The central government today made the much-awaited mega announcement on increasing the earnings level up to which no income tax is payable: Rs 7 lakh a year from the 2023-24 financial year. It was Rs 5 lakh so far. Under a new five-slab structure, those making even a rupee above it will have to pay tax. For […]
The post Income tax rebate limit up to Rs 7 lakh in New Regime first appeared on IPA Newspack.
Robust and resilient Customer Identity and Access Management (CIAM) exists at the vanguard of identity security SINGAPORE – Media OutReach – 1 February 2023 – Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today unveiled the APAC findings of its second annual State of Secure Identity Report highlighting key areas of concern for security professionals tasked with managing digital identities, including the exponential rise of fraudulent […]
SINGAPORE – Media OutReach – 1 February 2023 – Chubb has announced the appointment of Omar Ghaznawi as Regional Head of International Personal Lines (IPL) for the Asia Pacific region, effective 1 February 2023. He will be responsible for managing and developing the region’s automobile, residential, specialty personal lines, and high-net-worth insurance businesses. Omar is currently based in New York as Vice President, Global Head of Residential, […]
Backbase recognized for excellence in Celent international digital banking awards SINGAPORE – Media OutReach – 1 February 2023 – Backbase, the Engagement Banking platform leader, was recently named a winner of several xCelent Awards in Celent’s digital banking-themed reports, covering retail and small business banking internationally. These awards continue the strong recognition Backbase has received from the analyst community and the ability to help customers win in […]
DUBAI: Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth. To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based Patel Family Office to set up new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha. The local bases will liaise with the partnership’s Dubai hub to support high net worth private investors, wealth advisers, and strategic […]
By Dr. Gyan Pathak Economic Survey 2022-23 is clearly optimistic on Indian economy with downside risks not getting proper focus in the analysis of the policy makers. Though it has projected India’s GDP growth at 6-6.8 per cent for 2023-24, has also cautioned that even as India’s outlook remains bright, global economic prospects are weighed […]
The post Economic Survey 2022-23 Too Optimistic With Downside Risks In Economy first appeared on IPA Newspack.
HONG KONG SAR – Media OutReach – 31 January 2023 – WRISE Group is pleased to announce the launch of “WRISE Wealth Management Hong Kong” (“WRISE WM”), a technologically advanced wealth management firm for Hong Kong’s ultra-high-net-worth individuals (UHNWIs) and their family offices to ease the complexities of total wealth management. With the number of family offices increasing across the Asia-Pacific, and the market pivoting towards performance […]
By Kalyani Shankar One of the important businesses in Parliament is the annual budget presentation. This year too, on February 1, Union Finance Minister Nirmala Sitharaman will present the 2023 budget. Why is a budget important? It gives a bird’s eye view of the government’s fiscal policy and how it will distribute resources. The 2023 […]
The post Narendra Modi Govt’s Last Full Budget On February 1 May Have Some Surprises first appeared on IPA Newspack.
By Arun Srivastava In one stroke the empire of the world’s third richest till the other day, Gautam Adani, which he had built on the edifice of dishonesty and crony capital has been crashed. The assault has come from the US-based Hindenburg Research which charged the Adanis of being “engaged in a brazen stock manipulation […]
The post Hindenburg Exposure Underlines Patronage Of Ruling Govt To Adani Group Companies first appeared on IPA Newspack.
Gautam Adani’s group on Sunday likened the damning allegations made by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are “nothing but a lie”. In a 413-page response, Adani Group said the report was driven by “an ulterior motive” to “create a false market” to […]
The post Adani refutes Hindenburg charges as ‘attack on India’ first appeared on IPA Newspack.
By Sushil Kutty Flood ravaged, economically bankrupt and politically panned. Pakistan’s Finance Minister Ishaq Dar has found a scapegoat. God Almighty! Dar cut to the chase, saying that because Allah created Pakistan, Allah will have to get Pakistan out of the hole, make it prosper and help it develop. That is a common belief across […]
The post Pakistan’s Economic Collapse Is A Culmination Of Long Neglect first appeared on IPA Newspack.
