IPA Staff
16593 stories by IPA Staff
Exports Seen Higher In April, Order Inflows Robust
NEW DELHI: Exporters who witnessed a 3.1% annual decline in shipments last fiscal are again upbeat as order inflows have seen a significant rise in April, the first month of new fiscal year. Orders have risen across key sectors in April as compared to March and April of last...
India’s Gold Demand Up 8 Per Cent In Jan-Mar To 136.6 Tonne Despite High Rate
India’s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in...
Patanjali Foods Gets Show Cause Notice For GST Dues
NEW DELHI: Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it. The Yoga guru Ramdev-led Patanjali Ayurved Group firm, which is mainly into the edible...
Rupee Falls 10 Paise To Settle At 83.48 Against US Dollar
MUMBAI: The rupee declined 10 paise to close at 83.48 (provisional) against the US dollar on Monday, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision. A robust sentiment in the domestic equity market and softening crude prices in the international market, however, cushioned the...
SEBI To Tighten Norms To Deter Front Running At AMCs
MUMBAI: The SEBI board on Tuesday approved measures to deter front-running at asset management companies. This will be through an institutional mechanism that will consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor, and address specific types of misconduct, including front-running, insider trading, and...
GCCs Lead In Diversity With 28% Women In Workforce: Report
Global Capability Centres (GCC) are leading the charge for a diverse workforce with 28 per cent women in their workforce, according to a report by Pure Storage in association with Zinnov. The report also highlighted challenges in achieving gender parity within deeptech organisations, where gender diversity currently stands at...
Rape Allegation Against Prajwal Revanna Casts Its Shadow On Third Phase In Karnataka Polls
By Dr. Gyan Pathak Karnataka has ultimately come under a political storm in the midst of the third phase of Lok Sabha election in the country on account of rape of the “Nari Shakti”, a slogan that BJP leadership has been using to attract the women voters of the...
AAP Is Having Its Moment Of Truth Over Keeping Arvind Kejriwal As CM
By Sushil Kutty When and if AAP Rajya Sabha member Raghav Chadha returns from the United Kingdom, there will be clarity on lots of confusions in the Aam Aadmi Party including, perhaps, on Delhi Chief Minister Arvind Kejriwal’s unlockable mobile phone. Kejriwal is suspiciously not divulging the “password” to...
Judges, Politics And Public Trust In Indian Judicial System
By Narender Nagarwal The judicial system of the country has been facing its biggest credibility crisis over the past ten years. Several instances that cannot be overlooked have battered public trust in the nation’s judicial system. Both Supreme Court and high court judges have been involved in controversies that...
South Africa Celebrates 30th Anniversary Of End Of Apartheid Amidst Political Turmoil
By Satyaki Chakraborty South Africa celebrated its 30th anniversary of the end of the racist apartheid regime in the country last week end amidst intensive campaign that is going on among the electorate for the general elections to be held on May 29 this year. The African National Congress...
IIP Growth Seen Slowing To 4.7 Per Cent In FY25
NEW DELHI: The growth in factory output, as measured by the Index of Industrial Production (IIP), is likely to slow down to around 4.7% in FY25 from an estimated 6.1% in FY24, in the backdrop of the statistical effect of a high base and fading away of pent-up demand,...
Advance Transfer Pricing Pacts Hit A New High In FY24
NEW DELHI: Despite paucity of manpower available with the government, a record 125 Advance Pricing Agreements (APAs) were signed during FY24, in what experts believe shows the APA teams have become more efficient. “The government has multiple APA teams spread across the country and with every year, both taxpayers...
India Emerges As World’s Services Factory: Goldman Sachs Report
NEW DELHI: India’s share in global services exports has more than doubled over the last 18 years and rise of global capability centres (GCCs) has played a crucial role in the expansion, a global report said on Monday. The proliferation of GCCs has given a boost to real estate,...
Foreign Banks Seek Leeway On LEF Rules For Nostro Accounts
MUMBAI: At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India...
Realtors Retool Pricing Strategies Amid Rising Cost Of Construction
BENGALURU: Escalating construction costs are forcing real estate players to optimise their expenditures and readjust their pricing strategies to strike a balance between profitability and meeting customer requirements. A recent JLL report stated that the overall construction cost in the country will experience an average increase of 6 per...
Infant Food Formulation Done On Global Basis, Racial Stereotype Charges Unfortunate: Nestle
GURUGRAM: Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company’s infant food formulation for children below 18 months is done on a global basis and the allegation that “it is racially stereotyped is unfortunate” and untrue. Addressing reporters here, he said the amount of...
Good Growth, Cloud Migration, GenAI Gaining Traction: HCLTech CEO
NEW DELHI: HCL Technologies’ FY25 guidance of 3-5 per cent represents a “good growth” in current environment, CEO C Vijayakumar said, adding cloud migration and GenAI projects are gaining traction but financial services vertical could face ‘headwinds’. Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen...
Increasing Global Uncertainties May Impact Demand, India’s Exports: FIEO
NEW DELHI: The escalating geopolitical tension may have implications for the country’s exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body FIEO said. The global uncertainties caused by continuing war between Russia and Ukraine has impacted India’s outbound shipments in...
