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NEW DELHI: Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India’s steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to rating agency Crisil. Global steel demand, which has been subdued since […]

The post Firm Domestic Demand To Keep India’s Steel Imports Elevated In 2023-24: Crisil first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Reverses suffered by the Israeli army in 80 days of the ‘War on Gaza’ reminds of the Vietnam War. The then US President, Lyndon B. Johnson, invaded Vietnam to check the communism juggernaut. Today, POTUS Joe Biden is commanding the Israeli Defence Forces much to the disgust of centrist liberal forces. Then, […]

The post Israel In A Bind With Joe Biden Running The War On Gaza first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a move that seems to be testing waters before the final decision, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+0 settlement cycle in two phases. In Phase 1, it will be implemented for trades taken till […]

The post SEBI Proposes Optional Instant Settlement In Two Phases first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s crude oil suppliers such as the Abu Dhabi National Oil Company (ADNOC) have expressed concern over repatriation of funds in preferred currency and the high transaction costs on conversion of funds along with exchange fluctuation risks. India’s crude oil import bill, which accounts for 25 per cent of the overall merchandise imports, […]

The post India’s Crude Oil Suppliers Frown Over Rupee Settlement For Cargoes first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Self-Regulatory Organisations (SROs) should have sufficient authority, which is derived from membership agreements, to set ethical, professional and governance standards and enforce them on the members, according to RBI’s draft “Omnibus Framework for recognising SROs” for lenders regulated by it. The SRO should have objective, well-defined and consultative processes to make rules relating to […]

The post RBI Proposes Empowered SROs To Set And Enforce Financial Standards first appeared on Latest India news, analysis and reports on IPA Newspack.

The Rashtriya Ispat Nigam Ltd, known as Vizag steel plant, has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses. The timely deal enables the steel plant to procure raw material […]

The post Vizag Steel Plant Forges Deal With JSPL For Rs 900 Crore Working Capital first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav The India Wine Awards 2023, now in its fifth edition, recently concluded with an extravagant celebration of the finest wines in the country. Organized by the Sonal Holland Wine Academy in collaboration with ProWine, this prestigious event showcased 219 exceptional wines across various categories, carefully selected from an impressive list of […]

The post Lower Excise Duty Boosts India’s Thriving Wine Culture To New Heights first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna Yemen’s Houthi rebels have carried out hijackings, missile strikes, and drone attacks on ships, leading Danish shipping and logistics company AP Moller-Maersk and German shipping and container transportation firm Hapag-Lloyd to temporarily suspend shipments via the Red Sea. The announcements made on Friday by AP Moller-Maersk and Hapag-Lloyd indicate that large companies […]

The post Yemen’s Houthi Rebels Attack On Ships Poses Threat To Trade Through Red Sea first appeared on Latest India news, analysis and reports on IPA Newspack.

Restrict China’s penetration into Pakistan to only economic corridor, and don’t provide any access to Beijing in security set-up, the US has clearly instructed Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir during his ongoing visit to Washington. The move is being seen as stopping Chinese security outposts in Pakistan, according to top […]

The post US warns Pakistan during army chief’s visit first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s merchandise exports in 2023 would not buck the larger global trends and are set to contract 5.3%, according to an analysis by trade policy think tank. But the performance of electronics segment stands out, giving indications that support measures might work for other priority sectors too. According to the United Nations Conference […]

The post Exports Seen To Have Declined 5 Per Cent In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The imposition of extra tariff on Chinese gold jewellery exports by the United States has helped the Indian jewellery export trade to dislodge the United Arab Emirates as the country’s leading export market. The tariff on Chinese jewellery has made Indian exporters more competitive on the one hand, while the Comprehensive Economic […]

The post Tariff On Chinese Gold Jewellery Helps U.S. Replace UAE as India’s leading export market first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three years. The minister said that as […]

The post Ready To Import Oil From Any Country Not Under Sanctions, Including Venezuela: Hardeep Singh Puri first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty So after all the “jalsas” to crown chief ministers of three states — Madhya Pradesh, Chhattisgarh and Rajasthan, forget Telangana, it is ‘Congressi’ — a probe has been ordered on the Parliament security breach, with the Modi government’s Parliamentary Affairs Minister Pralhad Joshi telling the country, shamed by a bunch of unemployed […]

The post The So-Called ‘High Level Probe’ Assured By Minister Pralhad Joshi Is Nothing But A Hoax first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s goods exports slipped back into contraction in November, recording a fall of 2.83% to $33.9 billion, but a sharp drop in imports narrowed the trade deficit to a three-month low of $20.58 billion, official data showed. Trade deficit had touched an all-time high of $31.5 billion in October on the back of […]

The post Exports Slip In November, Trade Gap Narrows first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: As talks with the European Union (EU) on resolving the dispute around Indian import tariffs on information technology products hit a roadblock, to preempt the adoption of an adverse ruling that had been delivered in the case at the World Trade Organisation (WTO) New Delhi has filed an appeal. India and EU have […]

The post At WTO, India Blocks EU Move For Ruling To Lower ICT Tariffs first appeared on Latest India news, analysis and reports on IPA Newspack.

Setting the tone for the 2024 general elections, ruling BJD president and Odisha Chief Minister Naveen Patnaik on Friday called upon the party rank and file to effectively counter the misinformation campaign by opposition political parties as they do not have any issue to target the state government. Patnaik said this while presiding over the […]

The post Patnaik asks party workers to counter misinformation campaign first appeared on Latest India news, analysis and reports on IPA Newspack.

Lalit Jha – the alleged mastermind behind the Parliament security breach – burned the mobile phones of four accomplices in a bid to destroy evidence, Delhi Police sources told NDTV Friday. Jha, who surrendered to the cops last night, said he had kept the mobile phones of the two men who popped yellow smoke canisters […]

The post Parliament breach planner may have destroyed proofs first appeared on Latest India news, analysis and reports on IPA Newspack.