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MUMBAI: Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to […]

The post Markets Extend Gains On Foreign Fund Inflows first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Every court judgment is supposed to be delivered without ‘fear or favour’ and ‘affection or ill-will’, but insights provided by Chief Justice of India Justice D Y Chandrachud on the Ayodhya Ram Mandir land judgment reveal how some of the disapproved tendencies did creep into the making of the final verdict. With […]

The post Ram Mandir Ahead Of Consecration: Persisting Issues Of Heart, Mind, Fear And Favour first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s economy is likely to grow a better-than-expected 7.3% in FY24, faster than all major global economies, powered by a double-digit rise in investments, led by government spending, official data released on Friday showed. The first advance estimate of gross domestic product (GDP) is higher than the Reserve Bank of India’s 7% forecast […]

The post Economy Stays On Fast Track, Likely To Grow At 7.3 Per Cent In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra Since Chief Minister Nitish Kumar took over the reins of the party, the Mahagathbandhan alliance partners are wondering whether the decision was deliberately engineered to create a conducive atmosphere for Kumar to switch over, once again to the NDA, or put pressure on the INDIA bloc, or just to hog the […]

The post Nitish Driving INDIA Bloc Decisions, To Hit The Road For 2024 Campaign first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre may aim for a modest disinvestment target of around Rs 30,000 crore in 2024-25, 40% lower than the target of Rs 51,000 crore for the current financial year, which is set to be missed by 60%, official sources said. This would represent a progressive lowering of the ambition on this front […]

The post Disinvestment Target For FY25 May Be Set At Rs 30,000-Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to $83.8 billion in 2023, saved by the mega-merger of HDFC twins — the biggest deal in India Inc’s history till date, according to an industry report. Excluding the $60.4-billion HDFC Bank-HDFC merger, year-on-year […]

The post M&A Activities Plunge 51% To $83 Billion In 2023 Amid Funding Winter: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds might crimp profitability for financiers as the pace of deposit mobilization trails credit growth. Non-banking […]

The post Credit Growth Signals Robust Q3 For India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

By Prabhat Patnaik Argentina’s new president Javier Milei proposes to use US dollars as the currency of his country, while abolishing its central bank altogether. What is involved in this proposal is not just maintaining a fixed exchange rate between the dollar and the domestic currency, but an abolition of the domestic currency altogether. The […]

The post Dollarisation Programme Of Argentina Will Impose Additional Burden On Its Workers first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Prime Minister Narendra Modi laid the foundation stone of important petroleum and natural gas projects worth more than Rs 9,000 crore on Tuesday. The two projects dedicated to the nation include Indian Oil Corporation Ltd’s (IOCL) 488-km-long natural gas pipeline from IP101 (Chengalpet) to IP 105 (Sayalkudi) section of Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin Pipeline, and Hindustan […]

The post PM Lays Foundation Stone Of Petroleum & Natural Gas Projects Worth Over Rs 9,000 Crore In Tamil Nadu first appeared on Latest India news, analysis and reports on IPA Newspack.

In the run-up to the 2024 Lok Sabha elections, the Bharatiya Janata Party (BJP) will target women and the youth. BJP national president JP Nadda has appointed a committee to hold sammelans (public meetings) focusing on these groups. The panel held its first meeting in the national capital at the party headquarters on Tuesday. The […]

The post BJP to target women and youth ahead of 2024 polls first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Tuesday proposed to tighten norms for dividend declaration by banks as it lowered the net non-performing asset (NPA) ratio for a lender to be eligible for paying dividends. In a draft circular released on Tuesday, the RBI said it would not entertain any ad hoc dispensation on […]

The post Reserve Bank Of India Seeks To Lower NNPA Of Banks For Paying Dividends first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The share of the private sector in new investment projects rose amid a slowing pace of government investments in the December quarter. But the value of new investment projects declined sharply by 78% on year to Rupees 2.1 trillion. The Centre front-loaded its budget capex in the early part of the current financial […]

The post New Capex Announcements Plunge 77 Per Cent To Rupees 1.9 Trillion In December Quarter first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In order to give a push to the economy, the government has relaxed norms governing public expenditure exceeding Rs 500 crore during the fourth quarter (January-March) of the current financial year. Instructions to this effect were issued by the finance ministry through an office memorandum last week. The relaxation, according to a memorandum, […]

The post Govt Relaxes Norms Governing Public Expenditure Exceeding Rs 500 Crore For Q4 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in FY24 were 26% higher than the […]

The post Centre’s Dividends From CPSEs Exceed FY24 Budget Target first appeared on Latest India news, analysis and reports on IPA Newspack.

Disbursements by power-focused infrastructure companies are expected to surpass Rs 2.9 trillion in 2023-24 (April-March), aided by substantial capital expenditure in the power sector and improving balance sheets, CareEdge Ratings said in a report. Disbursements were at Rs 2 trillion in 2022-23. This growth in disbursements is likely to enable such infrastructure finance companies to […]

The post Power Finance Firms’ Disbursements To Top Rs 2.9 Trillion In FY24: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The Indian defence manufacturing sector has advanced significantly, largely due to the government’s ‘Make in India’ policy and emphasis on self-sufficiency. But difficulties that can hinder development in 2024 need to be addressed. So like all significant nations, India has an Army, Navy and Air Force and these wings need among other […]

The post Growth Challenges For India’s Defence Manufacturing Sector first appeared on Latest India news, analysis and reports on IPA Newspack.

To “exact revenge on the AAP,” which controls the nation’s capital and the border state, the BJP-led federal government rejected the tableaux of Delhi and Punjab for the Republic Day parade alleged Delhi Art, Culture, and Languages Minister Saurabh Bharadwaj on Friday. Addressing a press conference, Bharadwaj said the Centre has rejected Delhi’s tableaux for […]

The post AAP sees revenge in rejection of Delhi, Punjab R-Day tableaux first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy Economic forecasting is always hazardous. It is more so in the current scenario. There are always any number of uncertainties about the future. But currently these are multifarious. No one really knows, including the dramatis personae, what will happen in the next week, let alone in course of the coming year. Take […]

The post New Year 2024 May Witness Far More Turmoil In Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite heavy odds and global crises, India showed remarkable resilience to keep inflation under control, Prime Minister Narendra Modi has said, exuding confidence that the BJP was a “natural choice” for the people and will form a majority government for a third time in a row in 2024. In an interview with newsmagazine […]

The post India On Road To Becoming Developed Country By 2047, Says PM Modi first appeared on Latest India news, analysis and reports on IPA Newspack.