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JSW Steel Q2 Net Profit At Rs 2,773 Crore On Lower Cost, Better Realisation

MUMBAI: Lower costs and better realisation helped the Sajjan Jindal-led JSW Steel post a net profit of Rs 2,773 crore in the September quarter, against a net loss of Rs 915 crore registered in the same period last year. Income increased 7 per cent to Rs 44,821 crore (Rs 41,966 crore), while total expenses dropped […]

The post JSW Steel Q2 Net Profit At Rs 2,773 Crore On Lower Cost, Better Realisation first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

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.

Climate action: Report finds MENA business community lagging behind

Arabian Post Staff While MENA countries have demonstrated a growing commitment to climate action through net-zero targets, action from the business community still lags behind that of global peers, and consumers still underestimate their regional vulnerabilities, a report jointly prepared by the World Economic Forum and Bain & Company said. The report focusses on nine major MENA economies: Saudi Arabia, UAE, Egypt, Qatar, Kuwait, Morocco, Oman, Tunisia, […]

Dubai residential prices up 34%

Sales prices for residential property in Dubai have risen by up to 34 per cent in some areas in the last year, with commercial property increasing as much as 29 per cent, according to real estate advisory, Chestertons MENA. Rental rates for homes have climbed by up to 36 per cent, with commercial leasing rates seeing hikes of more than a third in some business zones. Chestertons […]

Off-plan sector dominates Dubai real estate

Arabian Post Staff Dubai’s real estate market has recorded yet another surge during Q3 2023, according to data by the Dubai Land Department. The city has witnessed a 40% increase in total value of transactions worth of AED 97.55 billion and a 22% increase in the total number of transactions at 31,216 when compared to the same period last year. The areas that have recorded the highest […]

Ex-Salesforce architect unites CRM intel with data to create ultimate B2B sales prospecting pathway at OneShot.ai

OneShot.ai harnesses advanced machine learning and artificial intelligence alongside proven sales best practices to fundamentally reshape how B2B sales teams generate revenue. OneShot.ai adds AI-Powered Autonomous Prospecting to complete the loop on automating lead generation. San Francisco, California, United States – October 19, 2023 — Sales and RevOps startup OneShot.ai today announced the launch of an autonomous prospecting platform powered by artificial intelligence, the first end-to-end lead […]

Retail Leasing Grew By 46% Year-On-Year During January-September 2023

Retailers in India leased nearly 4.73 million square feet of space across top cities in the first nine months of 2023, overcompensating for the slow expansion during the pandemic years. Leasing between Jan and September was even higher than the entire 2022. While top companies including Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), D’Mart, […]

The post Retail Leasing Grew By 46% Year-On-Year During January-September 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

GDP To Grow At 6.5-6.8% In FY24; Festive, Govt Spends Key Drivers: Deloitte

NEW DELHI: Deloitte India on Wednesday said it expects GDP growth in the current fiscal to be in the range of 6.5-6.8 per cent primarily due to upcoming festive spending as well as higher government expenditure before the national elections mid-next year. In its India economic outlook report, released earlier this month, Deloitte said India […]

The post GDP To Grow At 6.5-6.8% In FY24; Festive, Govt Spends Key Drivers: Deloitte 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.

AIHBA Streamlines US Market Entry for Chinese Health & Beauty

The American International Health & Beauty Association (AIHBA) has launched an updated membership program tailored explicitly for Chinese businesses in the health and beauty sector, aiming to establish a presence in the US market. New York, United States – October 19, 2023 — The US health and wellness industry has a reported value of over $6 trillion in 2023. However, entering this competitive market comes with its […]

Nestle’s India Business Beats View On Price Hikes, Strong Domestic Demand

BENGALURU/CHENNAI (Reuters) – Nestle India (NEST.NS) on Thursday reported quarterly earnings above estimates on higher demand for its chocolates and Maggi instant noodles and also said its board approved a stock split. Profit increased to 9.08 billion rupees ($109.06 million) for the third quarter ended Sept. 30 from 6.61 billion rupees a year earlier, the […]

The post Nestle’s India Business Beats View On Price Hikes, Strong Domestic Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

‘UAE determined to promote sustainable development, prosperity, stability, peace for people around the world’: Ruler of Ras Al Khaimah

On behalf of UAE President, Ruler of Ras Al Khaimah attends opening of Third Belt and Road Forum for International Cooperation in Beijing

Amazon wins UAE retail payment licence

Amazon Payment Services, a regional leader in digital payments operating across the Middle East and North Africa (MENA) region, has been granted a Retail Payment Services license by the UAE Central Bank. Marking a significant milestone for the business, this license enables Amazon Payment Services to unlock an enhanced offering for its merchants across the country, through unique products and services, directly improving the experience for their […]

Bulk Drug Imports From China Slow, Shows Data

MUMBAI: There is still some way until India’s dependence on imports of active pharmaceutical ingredients (APIs) and intermediates from China reduces, but the growth rate of imports has come down. While the production-linked incentive (PLI) scheme for bulk drugs (APIs) has boosted local production of some key APIs here, industry insiders say it would take […]

The post Bulk Drug Imports From China Slow, Shows Data 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.

India To See ‘Healthy Growth’ In Steel Demand At 8.6% In 2023: Worldsteel

NEW DELHI: The demand for steel in India is expected to register a ‘healthy growth’ of 8.6 per cent against the overall global rise of 1.8 per cent in 2023, worldsteel said on Tuesday. It forecasts that global steel demand will grow 1.8 per cent in 2023 and reach 1,814.5 MT after having contracted by […]

The post India To See ‘Healthy Growth’ In Steel Demand At 8.6% In 2023: Worldsteel first appeared on Latest India news, analysis and reports on IPA Newspack.

Bybit and DMCC Join Forces for a Stellar Showcase at the Future Blockchain Summit in Dubai

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 18 October 2023 – Bybit, the world’s third most visited crypto exchange, held a remarkable collaboration with Dubai Multi Commodities Centre (DMCC) at the Future Blockchain Summit from Oct. 15-18 at the Dubai Harbor. At the Future Blockchain Summit, Bybit and DMCC’s booth was more than just a display; it was a window into the concept of The Crypto […]

UAE President receives Ruler of Fujairah and Crown Princes of Fujairah and Ajman

ABU DHABI, 17th October, 2023 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan tod

Dubai witnesses unleashing of a new AI era

Arabian Post Staff Dubai unleashed a new era of global AI dominance as Gitex Global brought together the world’s brightest minds, forward-thinking governments, and the most advanced companies to redefine the boundaries of the AI economy and shape the future of technological revolution on the planet. As driverless car trials continue throughout the world, including the UAE, the impact of driverless mobility on society is starting to […]

Wholesale inflation remained in deflation zone for the sixth successive month in September

Producers’ inflation rate based on the Wholesale Price Index (WPI) remained in the negative zone for the sixth successive month at (-) 0.26 per cent in September, government data released on Monday showed. However, sequential data showed that deflation has come down. WPI inflation was (-) 0.52 per cent in August. Earlier, the government released retail […]

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