Foundation Stone Nioda international Airport

PM Modi lay foundation stone to Noida International airport, at jewar , Gautham buddaa nagar , uttara Pradesh, on 25 November 2021. Recently the another two airports namely Kushin nagar airport and Ayodhya international airport. have been started and constructed in uttara Pradesh state. with these developments uttar pradesh emerging top position with having 5 international airports.

These airport will be the Logistic gateway of Northindia Due to its scale and capacity The airport Will be game changer of UP.

It will be India's first zero emmisions airport. The devlopment of airport Is in line with  the vision of The prime minister Towards boosting connectivity And creating future ready aviation sector.

China's New Deal with India

China has said it values India's concerns on the bilateral trade imbalance and is willing to discuss new approaches to address the issue and asked New Delhi

India for long has been pressing China to open its pharmaceutical market for Indian pharma exports to address the yawning trade deficit which last year according to Chinese figures, crossed USD 57 billion in a USD 95.5 bil ..

China's new Ambassador to India Sun Weidong said, "China highly values India's concerns on trade imbalance. But I have to point out that we have never deliberately pursued a trade surplus against India."

Business growth of the entities is hit due to liquidity crisis

What is Home Loan! Housing finance companies are expecting higher refinance limits from the National Housing Bank, in the Budget, to tide over the current liquidity crisis they are facing. Some of the mortgage lenders have written to the Finance Ministry requesting that their proposal be considered, the chief executive officer of a housing finance company told The Hindu.After the IL&FS crisis broke out in September, NHB had increased the refinance limit to ₹30,000 crore from ₹24,000 crore.

TCS Consulting to buy another 15% stake in Japanese arm for $32.5mn

TCS Consulting the India’s largest IT exporter Tata Consultancy Services (TCS) has bought an additional 15% stake in its Japanese arm, a joint venture with Mitsubishi Corporation (MC), to enhance its shareholding to 66% for $32.5 million. “TCS’ wholly owned subsidiary TCS Asia Pacific Pte. Ltd (TCS APAC), will acquire 15% stake from MC in TCS Japan for a total consideration of JPY 3.5 billion ($32.6 million) and consequently, the holding of TCS APAC in TCS Japan will go up from the current 51% to 66%,” the company said in filing to the exchanges. A company statement said that the current governance of operations and management will remain unchanged by the share acquisition.

The increased equity is the latest in a series of investments that TCS has made in recent years to cater to the specific needs of Japanese corporations. To augment the local workforce and gain scale, a Japan-centric Delivery Center (JDC), with enhanced language support and heavy localisation of global business practices, was set up in 2015 within TCS Sahyadri Park in Pune, India.recently, TCS set up a creative hub in Tokyo to catalyse technology-led business innovation for Japanese customers.Tata Consultancy Services Japan has achieved double-digit revenue growth in constant currency terms in each of the last two years, making it among the fastest-growing IT services firms in its class in Japan.

Global growth to slow in 2019

Global growth to slow in 2019 The World Bank Group has downgraded global real GDP growth to 2.6% for 2019, down by 0.3 percentage points from its previous forecast in January. Growth is expected to increase marginally to 2.7% in 2020. India's growth forecasts are projected to be 7.5% per annum in 2019, 2020 and 2021  not having been downgraded from their january estimates.

The Multilateral development bank's June 2019 Global Economic Prospects (GEP) report, titled ,' heightened Tensions , Subdued Investment' says the global economy " has continued to soften and momentum remains weak" and investment , sluggish.

Downside risks to global growth , as per the report, include rising trade barriers , a build up of government debt and slowdowns that were deeper than expected in several major economies. Sluggishness of investment in Emerging Markets Development Economies is part of a protraed slowdown following the goal financial crisis as per the report.

"Stronger economic growth is essential to reducing poverty and improving living standards," said World Bank Group President David Malpass , in a statement. " Current economic momentum remains weak, while heightened debt levels and subdued investment growth in developing economies are holding countries back from achieving their  potential. It's urgent that counties make significant structural reform that improve the business climate and attract investment. They also need to make debt management and transparency a high priority so that new debt adds to growth and investment."

Lower expenditure limits fiscal deficit at targeted 3.4%

Lower expenditure limits fiscal deficit at targeted 3.4% Fiscal deficit for 2018-19 came in at 3.9% of the GDP marginally lower than the 3.4% projected in the revised estimates of the Budget, mainly on account of lower expenditure and increase in non tax revenue.  In absolute terms , the fiscal deficit at the end of March 31, 2019 , stood at Rs. 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of the Budget.

The fiscal deficit for 2018-19 works out to 3.39% of the GDP , as per data released by the Controller General of Account. Although in absolute terms the fiscal deficit has gone up , as a percentage of GDP the deficit figure has come down marginally, mainly on account of gross domestic product expansion in 2018-19.

GDP at current market prices in 2018-19 is estimated at Rs 190.10 lakh crore , a 11.2% growth over Rs 170.95 lakh crore in 2017-18. Non tax revenues during the 2018-19 fiscal stood at Rs 2.46 lakh crore marginally higher than the Rs. 2.45 lakh crore in the revised estimates of Budget.

However, tax revenue lagged at Rs 13.16 lakh crore during the last fiscal , as against Rs 14.84 lakh in the revised estimates. Total receipts stood at Rs 16.66 lakh crore during the fiscal , compared to Rs 18.22 lakh crore in the revised estimates.

ICICI Prudential Life Insurance Company at a price target of Rs 450.

ICICI Prudential Life Insurance Company at a price target of Rs 450 , Independent Analyst Kunal Bothra has a buy call on ICICI Prudential Life Insurance Company Ltd.NSE 1.82 % with a target price of Rs 370.0 . The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 362.5. Time period given by the analyst is Intra Day when ICICI Prudential Life Insurance Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 352. ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a largecap company with a market cap of Rs 52047.19 crore.

ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1089.21 Crore to Sales Value (59.56 % of Total Sales), Interest, Dividend & Rent which contributed Rs 419.34 Crore to Sales Value (22.93 % of Total Sales), Profit/Loss on Sale/Redemption of Investments which contributed Rs 322.14 Crore to Sales Value (17.61 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 444.50 Crore, down -9.42 % from last quarter Sales of Rs 490.75 Crore and up 7.25 % from last year same quarter Sales of Rs 414.46 Crore Company has reported net profit after tax of Rs 340.26 Crore in latest quarter. The company’s top management includes Mr.Anup Bagchi, Mr.Dileep Choksi, Mr.Dilip Karnik, Mr.M S Ramachandran, Mr.N S Kannan, Mr.Puneet Nanda, Mr.R K Nair, Mr.Raghunath Hariharan, Mr.Sandeep Batra, Mr.V Sridar, Ms.Vibha Paul Rishi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 1,435,784,481 shares outstanding.
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