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NEW DELHI: India’s gross domestic product (GDP) grew at 7.6 per cent in the September quarter of 2023-24, outperforming expectations by a wide margin as manufacturing and construction activities expanded by double digits. These figures signalled that economic recovery was well underway in Asia’s third-largest economy, despite the current adverse geopolitical situation. While the Reserve […]

The post India’s GDP Expands 7.6 Per Cent In Q2; Manufacturing, Construction Lead The Charge first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s core sector output, that measures production by eight industries, grew 12.1 per cent in October compared to the same time last year, the government said on Thursday. A low base effect and double-digit growth in four industries – electricity, coal, steel, and cement – drove up production. The core sector output had […]

The post Core Growth Surges 12.1% In October, Govt Capex Push Plays Key Role first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite the fiscal challenges faced by state governments, they will continue to play an important role in boosting the capex and in turn the economic growth of the country, India Ratings said in a report. This could be gauged from the fact that during FY11-FY18 (BE), nearly three-fourths of the combined developmental capex […]

The post State Capex Has Strong Impact On Quality Of Life, Income Generation: India Ratings first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Banks’ non-food credit grew nearly 20% year-on-year (YoY) in October, compared with an 18.3% growth during the same period last year, Reserve Bank of India (RBI)’s sectoral credit deployment data showed on Thursday. Excluding the impact of the HDFC merger, banks’ non-food credit grew 15.3%. In absolute terms, banks’ outstanding credit stood at Rs […]

The post Banks’ Non-Food Credit Grows 20% In October first appeared on Latest India news, analysis and reports on IPA Newspack.

SEOUL, SOUTH KOREA – Media OutReach – 1 December 2023 – Appier, a software-as-a-service (SaaS) company that uses artificial intelligence (AI), has announced significant results from its partnership with Nexon, the leading South Korean gaming company, to help the brand acquire high-value game users. KartRider Rush+ Marking a solid six-year partnership between Appier and Nexon, Appier’s AI solution, AIBID, has played a pivotal role in achieving this […]

The Aam Aadmi Party (AAP) is systematically unfolding its plan B in view of the impending arrest of its convener and Delhi Chief Minister Arvind Kejriwal. From December 1-20, the party will launch a signature campaign, ‘Main Bhi Kejriwal’, across Delhi. This will be followed by five days of public meetings between December 21 and […]

The post AAP readies plan to deal with possible arrest of Kejriwal first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU, INDIA – Media OutReach – 1 December 2023 – Global technology solutions provider Arrow Electronics, Inc. today announced it has provided engineering support to enable Bharat Pi, an India-based tech startup to design and build enterprise grade IoT development boards that deliver benefits of reliability, quality and scalability to millions of smart and connected devices. Arrow Electronics Offers Engineering Support to Indian IoT Solutions Developers According […]

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Homegrown Sellers Benefit from Greater Credibility and Endorsements KUALA LUMPUR, MALAYSIA – Media OutReach – 1 December 2023 – Livestreaming and affiliate commerce have driven greater marketplace inclusion for homegrown sellers and local talents across Shopee’s platform in 2023. Over the last year, the leading e-commerce platform in Southeast Asia & Taiwan observed that Malaysians watched over 34 million hours of livestreams on Shopee Live and engaged […]

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. That […]

The post World Economy Will Slow In 2024 Because Of Inflation, High Rates, War: OECD first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India joined an exclusive group of countries that includes the likes of the United States, China, and Japan after its market capitalisation (mcap) hit the $4 trillion mark on Wednesday. Total market value of all companies listed on the BSE during the day increased by Rs 2.24 trillion, or 0.7 per cent, to Rs […]

The post India Moves To Elite Club Of Nations As MCap Tops $4 Trillion For First Time first appeared on Latest India news, analysis and reports on IPA Newspack.

Landmark decarbonisation move, to be implemented from 1 January 2024, will advance D33 goals and Dubai’s green economy plans DEWA-led initiative will empower industries to pursue net-zero targets by allowing them to set up solar facilities matching their total connected load Saeed Mohammed Al Tayer: The initiative will increase Dubai’s attractiveness for manufacturing investments as it allows industrial players to reduce cost of doing business and achieve […]

Marks one of the world’s most established MICE trade shows’ first entry in APAC HONG KONG SAR – Media OutReach – 30 November 2023 – The Hong Kong Tourism Board (HKTB) announced that Hong Kong has won IBTM, the world’s leading Meetings, Incentives, Conventions and Exhibitions (MICE) event brand, to organise its inaugural MICE trade show IBTM Asia Pacific 2025, in Spring 2025 in Hong Kong. IBTM […]

Truegenics Pte Ltd has been awarded “Team of the Year” at the SBR Management Excellence Awards 2023. This accolade follows an impressive turnaround after two major restructurings in 2020. CEO Alvin Huang credits the team’s resilience in transforming challenges into growth opportunities. Singapore – November 29, 2023 — In an extraordinary display of resilience and innovation, Truegenics Pte Ltd has been honored as the “Team of the […]

NEW DELHI: Nine months after converting the dues worth Rs 16,133 crore of Vodafone Idea payable to the government on account of spectrum fee, into equity, the department of telecommunications (DoT) has asked the department of investment and public asset management (DIPAM) whether some portion can be offloaded in the market. As part of the […]

The post Govt Has No Plan To Dilute Stake In Vodafone Idea For Now first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled ‘China Slows India Grows’, S&P said it expects Asia-Pacific’s growth engine to shift from China to South and Southeast Asia. “We project China’s GDP […]

The post ‘China Slows, India Grows’: S&P Pegs 7% Growth For India By 2026 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In dramatic contrast to the frenzied anti-India celebrations in Bangladesh following India’s loss to Australia in the one-day cricket final at Ahmedabad on November 19,, people in Pakistan have reacted far more soberly: in the lively Pakistani social media , there have been some expressions of sympathy for India’s hard loss, unlike […]

The post Bangladesh Social Media Celebrated India’s Defeat To Australia In World Cup Final first appeared on Latest India news, analysis and reports on IPA Newspack.

Only 37% of manufacturing companies surveyed have implemented sustainability initiatives; this is slated to double within one to three years. 10 skill sets identified to further sustainability transformation; accountancy and finance professionals well-positioned to upskill in these areas. ISCA launches ISCA Sustainability and Sustainability Assurance Professional certifications to plug gaps in sustainability skillsets Accountancy and finance professionals have important roles to play in the sustainability transformation of […]

Arabian Post Staff Integrated healthcare provider Aster announced its board  has approved the separation of Aster’s India and GCC businesses, subject to regulatory and corporate approvals including Aster India’s shareholders’ approval. The separation plan will unlock value for the shareholders by allowing both the India and GCC businesses to adopt a market-focused strategy and create sustained long-term growth. Under the separation plan, a consortium led by Fajr […]

LocaMos Global AG, an emerging name in the technology and blockchain sector, proudly announces the official inauguration of its new headquarters in Zug, Switzerland. This significant milestone marks a crucial juncture in the company’s path of growth and development. Switzerland – November 28, 2023 — LocaMos Global AG is a nascent brand established in recent years, yet it has made a remarkable breakthrough by combining two vital […]

Kerala Chief Minister Pinarayi Vijayan on Monday continued to accuse Union Finance Minister Nirmala Sitharaman of ”trying to mislead the public” about the alleged neglect shown by the central government towards the southern state. The CM had on Sunday charged Sitharaman with trying to mislead the public through her claims of timely disbursement of required […]

The post Sitharaman misleading public about Kerala’s neglect: Vijayan first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The banking sector is expected to witness rise in co-lending deals between Non-Banking Financial Companies (NBFCs) and banks after the Reserve Bank of India (RBI) Governor Shaktikanta Das asked shadow banks to reduce their over-dependence on bank funding. Smaller and mid-size NBFCs will prefer co-lending as funds sourced through banks will be cheaper than […]

The post Co-Lending Deals Between NBFCs, Banks Set To Rise After RBI Nudge first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy China’s is staring in the face of a possible financial sector crisis, with its largest privately owned non-banking financial company unable to meet its obligations. Zhongzhi financial company, having widespread exposure to China’s real estate sector, has failed to honour its obligations to its investors and defaulted. As such, the bankruptcy of […]

The post China’s Largest Private NBFC Zhongzhi Fails Leading To Crisis In Financial Sector first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: S&P Global Ratings on Monday revised India’s economic growth forecast for this financial year to 6.4%, up from 6% projected earlier, bringing it closer to the Reserve Bank of India’s estimate of 6.5%. “We have revised up our projection for India’s GDP (gross domestic product) growth for fiscal 2024 (ending in March 2024) […]

The post S&P Raises India FY24 Growth Forecast To 6.4 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Exports of engineering products from India witnessed growth from countries such as the US, Saudi Arabia, and the United Arab Emirates (UAE) during October but contracted from several nations in the European Union (EU), China, and Southeast Asia, according to government data. After a slump during the first half of this year, India’s […]

The post India’s Engineering Exports Surge In US, Saudi Arabia, And UAE In October first appeared on Latest India news, analysis and reports on IPA Newspack.

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