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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.

Opposition parties on Thursday agreed to jointly raise the issue of allegations of fraud against the Adani Group in Parliament but were yet to agree on the mode of inquiry into the Gujarat-based corporate major. At a meeting of like-minded political parties convened by Congress President Mallikarjun Kharge, there was a general agreement on raising […]

The post Opposition parties unite on Adani fraud in Parliament first appeared on IPA Newspack.

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.

SINGAPORE – Media OutReach – 2 February 2023 – Harnessing the scale of two million listings listed in the electronics category every quarter, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia. The Group has integrated the Laku6 team’s expertise and […]

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.

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 […]

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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 […]

Workato was recognized for its Customer Experience with 4.9/5 ratings in Gartner Peer Insights and Market Responsiveness delivering 450 releases in the past 12 months. SINGAPORE – Media OutReach – 31 January 2023 – Workato, the leading enterprise automation and integration platform, announced today that it has again been recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Integration Platform as a Service. Workato has […]

Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE – Media OutReach – 31 January 2023 – Oasys, a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank, a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, […]

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.

By Subrata Majumder Chinese official English daily “Global Times” reiterated recently in its column that India’s policy initiative to reduce imports from China would backfire. It said “India needs integration, not protection”. In another argument, given the Apple’s Inc shifting to India, Global Times jeered, “Apple, facing softening demand, can hardly make India a manufacturing […]

The post India’s Imports Of Components From China Are Finally Coming Down 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.

SINGAPORE – Media OutReach – 30 January 2023 – For the tenth year in a row, SABIC, a global leader in the chemicals industry, has been recognized as the “top employer Asia Pacific” by the Top Employer Institute, a globally accredited certification body. SABIC’s focus on empowered, people-centric leadership, and embrace of technology that makes processes simpler and easier, have been key to its continued success as […]

By Saifur Rahman  The total value of land and property sale and mortgage jumped 76.5 percent to US$143.86 billion (Dh528 billion) in 2022, from US$81.74 billion (Dh300 billion), in 2021, according to the Dubai Land Department, the emirate’s land and property registry. This is the first time the land and property transactions value crossed the Dh500 billion record and marks a new milestone in the history of […]

By Arun Srivastava The alacrity with which the Modi government used the law that cites ‘emergency’ provisions to stop Indians from watching the BBC Documentary “India: The Modi Question” — a narrative of the Gujarat pogrom that was carried out in 2002 by Hindutva bigots and the role of the then chef minister of the […]

The post ‘Emergency’ Behind Banning The Exhibition Of BBC Documentary By Govt first appeared on IPA Newspack.

By Dr. Gyan Pathak India is now the most populated country in the world with a very high rate of urbanization that is expected to reach 41 per cent by 2030 according to the latest estimate of the World Bank in 2022. In 2021, the urbanization rate was 35 per cent as against 26 per […]

The post Lessons For High-Speed Rail Development In India Amidst Defects first appeared on IPA Newspack.

VinBrain will collaborate with Microsoft in data sharing, product cross-validation, and product research & development. VinBrain is the first Vietnamese customer to sign a formal collaboration agreement with Microsoft to develop AI-powered healthcare services HANOI, VIETNAM – Media OutReach – 26 January 2023 – VinBrain, one of Vietnam’s leading technology companies, is working to transform global healthcare through its AI products. One of VinBrain’s primary products is […]

MACAU and HONG KONG SAR – Media OutReach – 26 January 2023 – Prudential plc (Prudential) today announced it has received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau. With the addition of Macau, Prudential will have a presence in 24 markets across Asia and Africa. Prudential will initially offer life and health insurance solutions in Macau […]

Arabian Post Staff According to the latest research by global property consultancy Knight Frank, buyers from the Middle East purchasing property in prime central London (PCL) hit a four-year high in the second half of 2022. Knight Frank’s data highlights that as a percentage of all property transactions in London’s most prestigious postcodes, buyers from the Middle East made up 10.9% in the second half of last […]

By Krishna Jha “Today, when there is so much talk about revising of the Constitution or even writing a new Constitution, we have to consider whether it is the Constitution that has failed us or whether it is we who have failed the Constitution,” said the then President K R Narayanan while speaking in the […]

The post This Republic Day Resolve Should Be We Must Abide By Our Constitution first appeared on IPA Newspack.

By Arun Srivastava In the first ever manifestation of tactical retreat, the Union Law Minister, Kiren Rijiju refrained from suggesting that charges of sedition should be slapped against the Chief Justice of India D Y Chandrachud. During its nine years in power, the Narendra Modi government has used recklessly the draconian provision, a pitiful colonial […]

The post Modi Government Must Not Escalate Tensions With The Supreme Court first appeared on IPA Newspack.

In a spiraling conflict over judicial appointments, Union Law Minister Kiren Rijiju objected strongly to the Supreme Court making public the government’s objections to candidates recommended for judges. Last week, the Supreme Court collegium headed by the Chief Justice of India, DY Chandrachud, published on the Supreme Court website the government’s objections to the elevation […]

The post Law Minister objects to SC making ‘secret’ reports public first appeared on IPA Newspack.

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