IPA Staff
13294 stories by IPA Staff
Telecom Majors Likely To Plead For Review Of SC Licence Fee Ruling
KOLKATA: India’s top telcos are expected to file a review petition against the Supreme Court’s ruling to treat licence fees as a capital expenditure that could potentially prompt authorities to raise hefty retrospective demands, including penalties on operators for tax payment shortfalls of past periods. Kotak Institutional Equities estimates...
India To Spend Rs 143 Trillion On Infrastructure By 2030
New Delhi: India will spend nearly ₹ 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the ₹ 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today. Of the total, ₹ 36.6 lakh crore will be green investments, marking a five times rise compared...
CCI Brings Draft Leniency Plus Rules For Cartels, Invites Comments
NEW DELHI: The Competition Commission of India (CCI) has invited stakeholder comments for its Leniency Plus regulations, which incentivise companies already under investigation for one cartel to report other cartels. Under Leniency Plus, a cartelist cooperating with the CCI for leniency can disclose another cartel in an unrelated market...
RBI May Opt To Roll Over $5-Billion Forex Swap
MUMBAI: The Reserve Bank of India (RBI) could consider rolling over a $5-billion foreign exchange swap set to mature next week as the central bank, which has repeatedly flagged inflationary risks stemming from excess funds with banks, prioritises liquidity management over bolstering forex reserves. Some investors believe that a...
India Inc On Long Journey Towards Inclusion
BENGALURU/NEW DELHI: The mood on the ground in Corporate India is clearly towards inclusion, notwithstanding the Supreme Court saying no to same-sex marriages. HR and diversity, equity and inclusion (DEI) heads at leading corporates including Godrej, Lupin, Axis Bank and Publicis Sapient said the SC order will not hamper...
Making Reference To Israel-Hamas War Does Not Impress Electorate In State Polls
By Dr. Gyan Pathak Electorates in the five poll bound states are not yet impressed by the political leaders who are making reference to the Israel-Hamas war during their campaigns to exploit their communal sentiments. Dominant issues for them presently relates chiefly to their respective states and performance of...
Split In Janata Dal (S) And The BJP Hangs By A Frayed Rope In Karnataka
By Sushil Kutty The Janata Dal (Secular) stands split in the middle in Karnataka. If not in the body, at least in spirit. C M Ibrahim, a party bigwig, is at the centre of the brouhaha that has put the Gowda clan headed by former Prime Minister HD Deve...
Smear Campaign By BJP And Adanis Against TMC MP Mahua Moitra Is Part Of A Design
By Arun Srivastava The snake has finally come out of the burrow. But its fang utterly lacks the punch and prowess to decapacitate the prey. No doubt, it has succeeded in inflicting some bruises on the body of the victim, but one thing is certain that its venom is...
Hezbollah’s Military Might Poses Risk Of Escalation Of War In Middle East
By Girish Linganna Hezbollah, The Lebanese Movement, has issued a warning, expressing full readiness to engage in combat against Israel. This follows days of exchange of fire between their fighters and Israeli soldiers along the border. Both sides have been involved in shelling and trading rocket fire across their...
Business Tycoon Daniel Noboa Wins Presidential Elections In Ecuador
By Satyaki Chakraborty Daniel Noboa, heir to the largest business family of Ecuador won the Presidential election in the South American country Ecuador on Sunday by defeating the leftist lawyer Luisa Gonzalez after a bitter campaign marked by assassination of a candidate, shootings and jail killings. Noboa has little...
Vizhinjam Port: A Dream Come True For Kerala
By P. Sreekumaran THIRUVANANTHAPURAM: A long-standing dream of Kerala has become a resounding reality with the arrival of the first large ship at Vizhinjam International Seaport in Thiruvananthapuram. The project marks a milestone in the State’s infrastructural development – a big morale booster for the Pinarayi Vijayan-led Left Democratic...
Restoring India-Sri Lanka Ferry Service After Long Gap Is A Boost To Bilateral Relations
By Tirthankar Mitra We are passing through a time where connection often happens through digital screens. In this backdrop, rejuvenating an almost forgotten connection between India and Sri Lanka by the resumption of a passenger ferry services will bolster bilateral ties, boost tourism and increase people to people relations....
U.S. Role In Creating Mideast Disaster Becomes Clearer By The Day
By John Wojcik Secretary of State Antony Blinken pledged continued U.S. support to Israel Thursday even as its military devastated the Gaza Strip with air strikes and prepared for a possible ground invasion. As Palestinian civilians in Gaza search desperately for a piece of bread to feed their hungry...
Swiggy Raises Platform Fee to Boost Unit Economics
Swiggy, the food delivery platform, increased its platform fee on food delivery orders from Rs 2 to Rs 3 on October 4. At first, the fare hike was introduced in Hyderabad and Bengaluru and later extended nationwide. Presently, Swiggy imposes a platform fee of Rs 5 but offers a...
Rekha Jhunjhunwala’s Portfolio Registers Record High At Federal Bank
The Federal Bank has released the results of the second quarter of the current financial year. In July-September 2023, the company recorded a net profit increase of 35.6 per cent to Rs 953.82 crore. In the same period, the bank’s net interest Income (NII) increased by 16.7 per cent....
Supreme Court rejects same sex marriage 3-2
A 5-member constitutional bench, headed by Chief Justice D Y Chandrachud, has rejected by 3-2 majority the right of same-sex couple to enter into wedlock. The majority decision is in sharp contrast to the views expressed by the CJI and supported by Justice Kaul, both of whom had upheld...
GDP Growth Estimated At 6.3 Per Cent For 2023-24: FICCI Economic Outlook Survey
The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) on...
SEBI, RBI Investigating Some Alternate Investment Funds: Sources
India‘s markets regulator and its central bank are investigating about a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations, including “evergreening” of stressed loans, according to three sources with direct knowledge of the matter. The investigations could lead to increased disclosures and greater scrutiny...
