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Saudi Arabia has reported a budget deficit of $22 billion for the fiscal year 2023, indicating economic challenges for the oil-dependent nation. The announcement came from the Saudi Ministry of Finance, revealing the financial gap as the country grapples with fluctuating oil prices and global economic uncertainties. The budget, a key indicator of the nation’s economic health, underscores the impact of various factors on Saudi Arabia’s fiscal […]

As we step into 2024, residents in the UAE brace themselves for increased expenditures across various facets of daily life. The Emirati government has implemented changes that will impact citizens and expatriates alike, ushering in a new era of financial considerations. Let’s delve into the six key areas where costs are set to escalate in the coming months. Fuel Prices Surge: Motorists in the UAE are set […]

Amidst a notable shift in the gold market, prices have recently plunged below the $2,000 mark for the first time in two months. This significant drop is poised to attract the attention of both shoppers and tourists in the UAE. The sudden dip in gold prices presents a unique opportunity for individuals to capitalize on potential savings and investment prospects. The decline in gold prices has captured […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 February 2024 – Social media can have a significant—sometimes critical—impact on the reputation of public companies and their quotes. Influencers in the cryptocurrency space frequently have a considerable influence on the value of cryptocurrencies. For more information, read the article. In modern conditions, social media create an environment in which the principles of interaction between people are fundamentally […]

Dubai, renowned for opulence, witnesses a surge in fine dining establishments. The question echoing through the city’s culinary scene: Does the lavishness justify the expense? The emirate, globally acclaimed for its extravagant lifestyle, has become a hub for upscale dining experiences. Elite restaurants, flaunting Michelin stars and renowned chefs, have mushroomed across Dubai’s skyline. However, as these establishments elevate gastronomy to an art form, discerning patrons are […]

The cost of flowers in Dubai rises by 30% due to increased demand on Valentine’s Day. Florists anticipate robust sales amid heightened romantic celebrations in the city. The surge in prices reflects the market dynamics influenced by a significant uptick in consumer demand for floral arrangements during this romantic season. Floral businesses across Dubai experience a noticeable spike in orders as residents prepare to express affection through […]

In a strategic move to counter escalating competition from Chinese electric vehicle manufacturers, Tesla has announced a reduction in prices for its Model Y in the United States. The decision aims to bolster sales and maintain Tesla’s competitive edge in the rapidly evolving electric car market. The price adjustment for the Model Y, effective immediately, aligns with Tesla’s broader business strategy of adapting to market dynamics. The […]

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RIYADH, SAUDI ARABIA – EQS Newswire – 7 February 2024 – Saudi Arabia imports large volumes of unprocessed rice from India and Pakistan every year, with a projected market volume of about USD 3.8 billion in 2023. However, many current customers and new investors in Saudi have recognized the enormous market potential offered by processing the rice in Saudi itself and are seeking to enter the market. […]

NEW DELHI: After repeated criticism of project planning in several infrastructure projects, the Ministry of Road Transport and Highways on Friday revised the framework of evaluating bids for project plans prepared by consultants for National Highway projects. Under the new framework, deficiencies in the work done by consultants will feature prominently in the bid evaluation […]

The post Technical Norms For Road Planners Get Stricter, To Get Higher Priority first appeared on Latest India news, analysis and reports on IPA Newspack.

Gold prices experienced a decline during early trading in the Dubai markets today. Investors observed a downward trend in the valuable metal’s value, marking a notable shift in the financial landscape.Market analysts attribute the drop to global economic factors and fluctuations in the demand for precious metals. While gold is often considered a safe-haven investment, today’s market dynamics have

India’s central bank today left its inflation forecast for this fiscal year unchanged at 5.4%, despite food price rise concerns, uncertainty around crude costs even amidst a recent slump and chances of domestic growth momentum creating demand pressure on inflation. The Reserve Bank of India left the inflation aim unchanged at 5.4% and expects it […]

The post Reserve Bank Leaves Inflation Projection For FY24 Unchanged At 5.4% first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Advent International, the US private equity firm behind some of the biggest leveraged buyouts and conglomerate carve-outs, including the €17.2-billion acquisition of Thyssenkrupp’s elevator business in 2020 along with co-investors and the €1.8 billion joint takeover of Royal Bank of Scotland’s payments business, Worldpay, believes India is among the world’s most attractive markets where […]

The post Advent Looking To Deploy $5 To $10 Billion In India Over The Next Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation has come down to within the tolerance band due to steps taken by the government to check price rise in essential commodities, especially in perishable commodities, finance minister Nirmala Sitharaman told Rajya Sabha on Tuesday. Replying to a question in the Rajya Sabha, Sitharaman said that steps are being taken now […]

The post Inflation Within Tolerance Band Due To Government Steps: FM Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Retail credit slowed down in the second quarter of FY24, data from TransUnion Cibil showed. There has also been a marked increase in defaults in personal loans and credit cards during the same time period.This deceleration in retail loan growth stems from a lack of growth in home loan disbursements during the period, due […]

The post Drop In Home Loan Demand Hits Q2 Retail Credit Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Leading FMCG companies are betting on a gradual recovery in rural demand this year on the back of improving macroeconomic conditions, continued government spending and price cuts. Many companies said the industry continued to witness sluggish rural demand in the December quarter with the urban consumption continuing to outpace rural demand. On the […]

The post FMCG Companies Betting On Gradual Rural Demand Recovery This Year first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Services sector activity expanded at the fastest pace in six months in January, as buoyant international and domestic demand contributed to rising new business orders, according to results of a private sector survey released Monday. HSBC India Services PMI Business Activity Index rose to 61.8 in January as compared with 59 in the […]

The post Services PMI Expands At Fastest Pace In Six Months In January first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. “Some of the companies also reported a decline in their topline numbers, as they extended the benefits of softening commodity prices to the consumer […]

The post FMCG Firms Report Single Digit Growth With Better Margin In Q3 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5% higher than Rs 1.12 lakh […]

The post ONGC, IOC, Other Oil PSUs To Invest Rs 1.2 Lakh Crore In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: There is no change in the Budget script as far as Kerala is concerned. It has been an unredeeming tale of severe neglect from the Union Government, repeated ad nauseum over the years. For once, both the ruling Left Democratic Front (LDF) Government and the Congress-led opposition United Democratic Front (UDF) […]

The post Raw Deal Again To Kerala In 2024-25 Union Budget first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark equity indices were on fire on Friday, with the Nifty hitting its all-time high level, tracking a rally in global markets along with buying in Reliance Industries, Infosys and ICICI Bank. A day after the presentation of interim budget, the Nifty jumped 429.35 points to reach its lifetime peak of 22,126.80. The 30-share […]

The post Nifty hits all-time high level; Sensex jumps over 1,400 points first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: When Union Finance Minister Nirmala Sitharaman rose to present the Interim Budget on Thursday, it was an open question as to whether it would focus on consolidating the gains made in recent years on fiscal consolidation, or move towards full-throated populism in anticipation of general elections in the next few months. The answer […]

The post FM Sitharaman’s Interim Budget Is High On Confidence, Not On Populism first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Wednesday barred Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29 this year, citing “persistent non-compliance” and “material supervisory concerns”. In March 2022, the regulator barred Paytm Payments Bank from taking in new customers. The company, with One97 Communications as its parent, […]

The post RBI Bars Paytm Payments Bank From Carrying Out Transactions Starting February 29 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Proactive inflation management has helped keep the country’s inflation within the manageable range, Finance Minister Nirmala Sitharaman said while presenting the interim Budget on Thursday. She also said that the inflation has moderated. The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4 per cent […]

The post Proactive Inflation Management Helps Keep Inflation Within Manageable Level, Says FM Nirmala Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

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