IPA Staff
16654 stories by IPA Staff
Deposits Remain Preferred Saving Instrument But Equity Gains Steam
MUMBAI: Indian households are moving beyond bank deposits and increasingly exploring avenues such as equity instruments and investment funds to deploy their savings, according to a research paper authored by the Reserve Bank of India (RBI) staff. While deposits have maintained their dominant position in the total financial wealth...
No Plans To Allow Business Houses To Promote Banks: RBI
MUMBAI: Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the...
Green Certified Office Buildings Command 12-14% Premium In Rental Values: Vestian
NEW DELHI: Office buildings that are green certified command a 12-14 per cent premium in rental values over normal properties, as demand for environment-friendly workspace is high from multi-national companies (MNCs), according to Vestian. In its latest report ‘India Office Market-Sustaining the Sustainability’, real estate consultant Vestian has mentioned...
Building AI-Powered Wipro With Human-Centric Approach: Rishad Premji
NEW DELHI: IT company Wipro is continuously making efforts towards maximising AI’s potential and placing a human-centric approach at the forefront of AI development, company’s Chairman Rishad A Premji said. Addressing the company’s 78th annual general meeting on Thursday, Premji said artificial intelligence is central to the company’s growth...
HDFC Bank CSR Spend Crosses Rs 945 Crore In FY24
NEW DELHI: Private sector HDFC Bank has reported a corporate social responsibility (CSR) spend of Rs 945.31 crore for the financial year 2023-24, an increase of nearly Rs 125 crore from the previous year. The bank’s CSR programme, Parivartan, has been active for over a decade and its initiatives,...
Majority Of Indian Employees Experience Burnout Due To Work-Related Stress: Report
NEW DELHI: Around 62 per cent of Indian employees experience burnout, triple the global average of 20 per cent, due to work-related stress and poor work-life balance, as per a report by digital healthcare platform MediBuddy and CII. The report, which was released on Friday, also highlighted that a...
Rupee Falls 3 Paise To Close At All-Time Low Of 83.66 Against US Dollar
MUMBAI: The rupee consolidated in a narrow range and depreciated 3 paise to close at its all-time low of 83.66 (provisional) against the US dollar on Friday, weighed down by strong American currency and muted trend in domestic equities. Forex traders said weak domestic markets and elevated oil prices...
Yogi Adityanath Shows Who Is In Real Control Of Uttar Pradesh In 2024
By Sushil Kutty Any lingering doubts on who is in control in Uttar Pradesh went out the window the minute Chief Minister Yogi Adityanath disregarded all opposition to the restrictions placed on eateries along Kanwar Yatra routes, including the objections from NDA allies JD-U and the RLD, and ordered...
By Ditching Popular Front, Macron Candidate Pivet Wins Presidency Of National Assembly
By Nitya Chakraborty French President Emanuel Macron exposed his true political shade at the first session of the newly elected national assembly on July 18 when he took the help of the right wingers to defeat the nominee of the New Popular Front Andre Chassaigne in the election for...
Third Plenum Of Chinese Communist Party Maintains Status Quo On Economic Policies
By Anjan Roy China has just concluded its “third plenum” (from 15 to 18 July) which traditionally re-examines and gives fresh directions in the country’s economic policy. The all-powerful Central Committee of the Chinese Communist Party generally holds seven plenums in five years, of which the third is devoted...
‘BJP Will Work Only For Hindus’ Slogan Gaining Momentum Against Modi’s ‘Sabka Sath’
By Arun Srivastava Senior BJP leaders engaging in solecism in Uttar Pradesh and Bengal certainly can not be described as factional feud. Instead it unravels the contagious malaise that afflicts the party, endangering its current level of functioning. It may sound to be baloney, but the party imbibing the...
Yogi Adityanath’s New Order On Eateries Raises Political Heat In Uttar Pradesh
By Dr. Gyan Pathak Uttar Pradesh is witnessing a political heat soaring fast on communal lines. Chief Minister Yogi Adityanath has issued a new order on Friday, July 19, 2024 for eateries on the route of Kanwar Yatras in the Hindu religious month of Shravan beginning from July 22...
Big Organisational Rejig Planned By BJP Leadership In Uttar Pradesh
By Rahil Nora Chopra The Lok Sabha election results in Uttar Pradesh signify a dramatic change in the state’s political fabric, with Akhilesh Yadav-led Samajwadi Party springing up a surprise and making eminent electoral gains against the powerful BJP. Samajwadi Party won 37 out of the 80 seats –...
Police Sub-Inspector Manvi Kashyam Smashes The Transgender Stereotype
By Arun Kumar Shrivastav A transgender, Manvi Madhu Kashyam, has become a police sub-inspector. Coming from a small village, Manvi is the first transgender in India to secure a police job. She is among the three transgender persons selected for the post. While Manvi is a trans-woman, the other...
Prudent To Stay The Course On 4% CPI Target: RBI Paper
NEW DELHI: Even as the second quarter of FY25 has begun with signs of quickening momentum in the economy, it is prudent to eschew the temptation of time inconsistency (placing more value on the present than on the future) and stay the course on the straight and narrow path...
Infosys Tops Profit Estimates, Lifts FY25 Revenue Forecast
MUMBAI: Infosys, India’s second-largest software exporter by revenue, surprised the Street by raising its revenue guidance for 2024-25 (FY25) upwards — to 3 per cent-4 per cent in constant currency terms. The Street was expecting the company to maintain its revenue guidance at 1 per cent-3 per cent. This...
Fiscal Headroom Should Be Used To Spend On Social Sector, Says FICCI
NEW DELHI: The government should use the fiscal headroom, achieved due to the Reserve Bank of India (RBI) dividend of Rs 2.11 trillion, to increase the spend on social sector schemes to support the rural economy, the Economic Outlook Survey released by the Federation of Indian Chambers of Commerce...
IDBI Bank Stake Sale: RBI Vetting Process In Last Leg, Report By Month-End
NEW DELHI: The Centre is expecting the Reserve Bank of India’s (RBI’s) ‘fit and proper’ report on the potential bidders of the IDBI Bank by the end of this month, official sources said. The central bank is in the final leg of concluding its vetting process, which would help...
