IPA Staff
8531 stories by IPA Staff
Tata Sons Seeks IPO Waiver From RBI After Cutting Debt
MUMBAI: A month after raising over Rs 9,000 crore from TCS stake sale, Tata Sons has approached RBI seeking an exemption from a mandatory IPO. The holding company of the $150-billion salt-to-software Tata Group has informed RBI, in the fresh proposal, that it has reduced its debt significantly. Tata...
Farm Exports Flat In FY24 As Rice Shipments Plunge
NEW DELHI: India’s exports of agricultural and processed food products fell marginally – 0.55% on year – to $ 24.02 billion during 2023-24, primarily because rice shipments plunged amid restrictions. However, in an year when overall goods exports of the country declined 3.1% on year, shipment of meat &...
Energy Companies Form Alliance To Promote UPI-Like Platform For EV Users
NEW DELHI: Twenty energy companies have joined hands to form an alliance to create an open energy network, on lines of the united payment interface (UPI), to facilitate seamless payment and transaction interoperability within electric vehicle (EV) charging networks. The alliance—Unified Energy Interface (UEI)—includes member companies such as ChargeZone,...
India May Need $500 Billion Capex In Power Transmission By FY50
NEW DELHI: India’s power transmission capex requirement will be over $500 billion by FY50, 30% of the overall energy transition capital outlay, Goldman Sachs estimates. “Power transmission is key to India’s energy transition and global new energy cost leadership ambitions. India’s large, highly integrated grid enables the utilisation of...
HPCL To Set Up A Global Oil Trading Desk
State-run Hindustan Petroleum Corp. Ltd (HPCL) plans to set up an international oil trading desk, a company official said. The company is currently in the process of finalizing the location. Hindustan Petroleum Corporation Limited (HPCL) is executing the Visakh Refinery Modernisation Project (VRMP) to modernize and enhance capacity …...
India Standout Performer Amidst Sluggish Global Growth: IEA Secretary
WASHINGTON: Despite a challenging global scenario, India’s economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here. The GDP growth estimate for the fiscal, which has been revised upwards from 7.3...
Nestle Shares Continue To Decline; Mcap Erodes By Rs 10,610.55 Crore In Two Days
NEW DELHI: Shares of Nestle India continued to decline on Friday, ending the day over 1 per cent lower, amid reports that the global FMCG major sold infant milk products with more sugar content in less developed countries. The stock declined 3.53 per cent to Rs 2,375.75 during the...
Congress Is Set To Perform Well In Lok Sabha Polls In Karnataka
By Dr. Gyan Pathak Congress is well set to win majority of the 14 Karnataka Lok Sabha seats that are scheduled for poll in the second phase of Lok Sabha election on April 26. . For the BJP, the campaigning in this southern state is showing acute factionalism and...
Tight Contests In First And Second Rounds Of Electoral Battle In Bihar
By Arun Srivastava If the mood of the common people is any indicator, it can safely be said that the Bihari voters do not appear to have rejected the five pillars of justice (nyay patra) of Rahul Gandhi. But of course, what has badly struck the people is the...
What Else Will An Aam Aadmi Chief Minister Want, If Not ‘Mangoes’?
By Sushil Kutty Diabetic Delhi Chief Minister Arvind Kejriwal is feasting on mangoes is an Enforcement Directorate discovery. Call it investigation. The ED has the reputation of a high rate of conviction and Kejriwal carries high levels of blood sugar. The Enforcement Directorate has been snooping into Kejriwal’s tiffin...
