APN News

  • Wednesday, April, 2024| Today's Market | Current Time: 10:52:15

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    Quote by Aditi Nayar, Chief Economist, Head – Research & Outreach, ICRA Ltd. on IIP Data

    “An unfavorable base, a shift in the festive calendar and excess rainfall caused the year-on-year (YoY) growth in the Index of Industrial Production (IIP) to nearly halve to a lower-than-expected 5.8% in September 2023 (ICRA’s exp.: +8.0%) from 10.3% in August 2023. While the moderation was broad-based across all sub-sectors and use-based categories, the performance […]

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    Quote from Kalyan Jewellers on the company’s expectations from Dhanteras

    Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited “With the festive and wedding season at its peak, we have been witnessing strong demand momentum and footfalls across our showrooms in India. While, the industry witnessed a delay in demand due to the extended Shraad period, as compared to FY23; the renewed surge in sales momentum […]

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    Realty Experts Quotes on Construction ban in Delhi-NCR will delay projects

     Mohit Goel, MD, Omaxe Group Delhi-NCR is brimming with pollution, and the construction ban has emerged as a move by the government to tackle the worsening air quality. Though it is the need of the hour if we look at environmental conservation, for the real estate sector, it will pose a challenge as the delivery […]

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    Quote by Mr. Punit Shah, Partner, Dhruva Advisors

    “This is a welcome move by the Indian government. This will aid raising of overseas funds by the Indian companies, other than in the form of depository receipts. It will provide much needed flexibility to Indian companies and it’s investors to list wherever they get better valuations. It may obviate the need for any complex […]

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    Reaction on UPI transactions crossing 11 billion during the festive season

    Mandar Agashe, Founder & MD, Sarvatra Technologies “The Unified Payments Interface has consistently achieved remarkable milestones in terms of transaction volume. Each month, UPI surpasses its previous records, attributed to the continuous introduction of new features and use-cases by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), aimed at […]

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    Quote by Aditi Nayar,Chief Economist, Head – Research & Outreach, ICRA Ltd. on GST collection

    GST collections recorded a meaningful sequential uptick to a higher than anticipated Rs. 1.72 trillion in October 2023, benefitting from quarter end adjustments related to transactions in the previous month as well as the overall momentum in the economy. With this, the pace of YoY growth jumped to a 10-month high in October 2023, which […]

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    Quote by Aditi Nayar, Chief Economist, Head – Research & Outreach, ICRA Ltd on Core

    “A pickup in rainfall expectedly flattened the core sector expansion in September 2023 to a four-month low of 8.1% from 12.5% in August 2023, amid the slowdown in growth of seven of the eight constituent sectors barring fertiliser output. While coal output expanded by double-digits for the third consecutive month in September 2023, steel production and […]

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    Quote by Aditi Nayar, Chief Economist, Head – Research & Outreach, ICRA Ltd on GOI Fiscal Deficit

    “The Government of India’s fiscal deficit rose to Rs. 7.0 trillion or 39% of the FY2024 BE  in H1 FY2024 from Rs. 6.2 trillion in H1 FY2023, amidst an upfronting of tax devolution (to Rs. 4.6 trillion from Rs. 3.8 trillion). While net tax revenues rose by 15%, non tax revenues expanded by 50% on […]

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    Quote from Dr Sulbha Arora MD, DNB (OBG), Fellowship in Basic & Advanced Assisted Reproductive Techniques (Israel)

    “The healthcare situation in India is a mix of good and not-so-good news. We’ve made some progress with things like Ayushman Bharat and better primary healthcare, but there are still issues. Not everyone gets the same quality of care, diseases like diabetes and heart problems are on the rise, and the COVID-19 pandemic showed we […]

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    Quote from Mr. Anant Deshpande, DigiCert Regional Vice President, India & ASEAN

    “In an era defined by digital transformation, India stands at the cusp of unprecedented technological growth. The proliferation of the internet has brought immense opportunities and conveniences, but it has also ushered in an era of heightened cyber threats. At Digicert, we recognize the imperative for increased awareness surrounding internet security in India. The threat […]

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