IPA Staff
8404 stories by IPA Staff
Biden’s Gaza War Cost-Benefit Analysis May Reach A Tipping Point
By James M Dorsey The stakes in the Gaza war for the United States and President Joe Biden could not be higher. For the United States, it’s the ability to garner support for its positions on multiple issues, among which the Ukraine war looms large. Biden’s bear hug approach...
Governance Reforms To Ensure Higher Growth For Longer, Say PSB Chiefs
NEW DELHI: Robust credit offtake, favourable macro environment, and governance reforms will continue to power the growth and profitability of public sector banks (PSBs), according to a panel of chiefs at state-run lenders at the Business Standard BFSI Insight Summit in Mumbai on Tuesday. Ashwani Kumar, managing director (MD)...
MCA Enforces Provision For Foreign Listing Of Indian Public Companies
NEW DELHI: In a step towards allowing Indian companies to list on foreign stock exchanges, the ministry of corporate affairs (MCA) on Tuesday brought into force a provision to allow certain public companies to issue a class of securities for listing on foreign bourses. The provision, which comes into...
Core Sector Output Slows To A Four-Month Low Of 8.1% In September
NEW DELHI: The output of eight key infrastructure industries — known as the core sector — slowed to a four-month low of 8.1 per cent in September, on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sector output...
Group Of Ministers May Oversee Online Gaming Regulation
NEW DELHI: The Centre is likely to set up a group of ministers (GoM) to look into the regulatory framework for the gaming industry and consider other issues impacting the sector. The GoM will likely include home minister Amit Shah, finance minister Nirmala Sitharaman, IT minister Ashwini Vaishnaw and...
Fiscal Deficit Contained At 39 Per Cent Of FY24 Target
NEW DELHI: The Centre’s fiscal deficit in the first half of this fiscal year touched 39.3% of the annual target, up from 37.3% a year before but it remained under control after a spike until July, showed official data released on Tuesday. A tight leash on revenue expenditure over...
Indian Oil Q2 Net Profit Soars To Rs 13,713 Crore, Beats Expectations
NEW DELHI: In the second quarter of FY24 (July-September), the state-run Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its consolidated net profit soared to Rs 13,713 crore, bouncing back from a loss of Rs 910 crore in Q2 FY23. However, on a sequential basis, the net...
Govt Hikes Windfall Profit Tax On Crude Oil, Cuts Levy On Diesel Exports
New Delhi: The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800...
European Blues May Have Driven Tata Steel Into Red In September Quarter
Week performance in European operations is likely to have driven Tata Steel Ltd into losses in the September quarter. The steel major will report its earnings on November 1. Consolidated loss for the quarter, according to five analysts polled by Moneycontrol, will be at Rs 700 crore as against...
Railways Restricts Movement Of Lithium, Li-Ion Battery
The Indian Railways has imposed restrictions on the movement of lithium and lithium-ion batteries in leased parcel space of trains, impacting the movement of laptops, mobile phones, and small electric vehicles, among other commodities—using the railways’ parcel service. The railways has mandated a 48-hour prior notice for transport of...
