IPA Staff
8226 stories by IPA Staff
ISKP Is Emerging As The Biggest Global Terror Group Targeting Russia
By Girish Linganna The world was stunned by the horrific events that unfolded at the Crocus City Hall, a concert venue located in Krasnogorsk on the outskirts of Moscow, when four militants armed with automatic weapons and explosive devices launched a violent attack. As people tried to escape, the...
Merchandise Exports May Shrink Despite Expecting Double-Digit Growth In March
NEW DELHI: Merchandise exports from India for the financial year 2023-24 (FY24) may show a contraction of around 1-1.5 per cent after two consecutive years of growth, even as March is likely to witness robust double-digit growth, according to initial trade data estimates. The final data is still being...
India To Build First Commercial Crude Oil Strategic Storage
NEW DELHI: India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption. Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle created by the government...
Blackstone To Invest $2 Billion Annually In India With Primary Focus On Infra
MUMBAI: US-based private equity (PE) giant Blackstone Group, which has already invested $50 billion in India, plans to inject an additional $25 billion into the country’s economy in the years ahead, with primary focus on infrastructure, data centres, and logistics. “Blackstone continues to escalate its investments and perceives an...
Centre Seen To Have Met FY24 Gross Tax Target
NEW DELHI: The year 2023-24 not only witnessed multi-year high tax buoyancy levels – mainly on the direct taxes front – but also higher level of compliance from taxpayers, and strict enforcement measures against tax evaders. Total tax receipts (before devolution to states) of the Centre in FY24 “slightly...
FPI Net Investments In Debt Market Surge To $14.58 Billion In FY 2024
MUMBAI: Net investments by foreign portfolio investors in the debt market surged to $14.58 billion in FY 2024, making it the highest net inflow in the past six years as investors turned bullish following announcements to include government securities in global indices. Over 70% of the inflows have come...
Services PMI Ends FY24 Strongly With 61.2 In March
Strong demand pushed the Services’ Purchasing Managers Index (PMI) to 61.2 in March, S&P Global reported on Thursday. It was 60.6 in February. Earlier, the agency said that manufacturing PMI in March was 59.1, which is highest in 16 years. Performance of these two sectors showed strong economic activities....
India Set To Become Apple’s Third-Largest iPhone Market By 2026, Surpassing UK and Japan
NEW DELHI: India is likely to surpass Japan and UK to become the third largest market for Apple in terms of shipments in 2026, according to Counterpoint Research Market Outlook. It said 2023 was a record year for Apple in India. It was the first year when iPhone shipments...
Indian Enterprises Generated Nearly Half Of AI/ML Transactions In APAC: Report
BENGALURU: Indian enterprises have generated nearly half of artificial intelligence (AI) and machine learning (ML) transactions in the Asia Pacific (APAC) region, according to a report by Zscaler. AI adoption trends differ globally as regulations, requirements, technology infrastructure, cultural considerations, and other factors play key roles. At 16 per...
NBFC Loan Sanctions Up 6% In Q3, Led By Consumption Loans, Urban Growth Slows
MUMBAI: Loan sanctions by non-bank companies grew 6 per cent on year to ₹4.3-lakh crore as of December 2023, primarily driven by growth in consumption loans such as two-wheeler, consumer, gold, personal and education loans. Person loans grew the highest in absolute terms at ₹14,429 crore, or 27 per...
