News related to
India’s

India’s central bank today left its inflation forecast for this fiscal year unchanged at 5.4%, despite food price rise concerns, uncertainty around crude costs even amidst a recent slump and chances of domestic growth momentum creating demand pressure on inflation. The Reserve Bank of India left the inflation aim unchanged at 5.4% and expects it […]

The post Reserve Bank Leaves Inflation Projection For FY24 Unchanged At 5.4% first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter. The European Free Trade Association, which […]

The post Govt Eyes Deal With EU Countries That Could Draw $100 Billion Investment first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Advent International, the US private equity firm behind some of the biggest leveraged buyouts and conglomerate carve-outs, including the €17.2-billion acquisition of Thyssenkrupp’s elevator business in 2020 along with co-investors and the €1.8 billion joint takeover of Royal Bank of Scotland’s payments business, Worldpay, believes India is among the world’s most attractive markets where […]

The post Advent Looking To Deploy $5 To $10 Billion In India Over The Next Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

India will not conclude the India-UK Free Trade Agreement (FTA) talks in haste under the pressure of forthcoming general elections, as negotiations for a favourable outcome can continue even after the new government comes in, a senior official has said. “India will not do anything under pressure. We are not affected by elections. We will […]

The post No Pressure To Conclude India-UK FTA Talks Due To Forthcoming Elections, Says Source first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The anticipated docking of a Chinese scientific vessel in the Maldives this week has heightened tensions among Beijing, Delhi, and Malé. The ship Xiang Yang Hong 3 is officially visiting the Maldives to change its crew and stock up on supplies, which is a completely harmless visit says Beijing. In Delhi, however, […]

The post India Has Enough Reasons To Get Worried At Docking Of Chinese Vessel In Male first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s telecom sector is expected to see a revival in foreign direct investment over the next two years. This optimism stems from two recent developments: the opening of satellite communications to the private sector, and introduction of the Telecommunications Act, which are expected to make the sector attractive and stimulate investment, analysts and […]

The post Indian Telecom May See FDI Revival From FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Retail credit slowed down in the second quarter of FY24, data from TransUnion Cibil showed. There has also been a marked increase in defaults in personal loans and credit cards during the same time period.This deceleration in retail loan growth stems from a lack of growth in home loan disbursements during the period, due […]

The post Drop In Home Loan Demand Hits Q2 Retail Credit Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

Five veterans associated with large electronics companies have come together to start a new venture – Awesense Five Pvt Ltd – for design and manufacturing sensors. The sensors play a pivotal role in monitoring and control systems, making their domestic manufacturing a priority. Due to their sensitivity and strategic importance, dependence on imports poses a […]

The post Electronics Industry Veterans Unite To Form ‘Awesense Five’ For Sensor Manufacturing first appeared on Latest India news, analysis and reports on IPA Newspack.

Korean mobile devices maker Samsung led the Indian smartphone market with an 18 per cent share in 2023, market research firm CyberMedia Research said in a report on Monday. In the December quarter, however, Chinese company Xiaomi had the highest market share, the report said. According to CyberMedia Research (CMR) estimates, the India smartphone market […]

The post Samsung Leads Smartphone Market With 18 Per Cent Share In 2023: CMR first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Since the Presidential address in the Parliament is supposed to summarise the government’s achievements and intentions followed by meaningful debate, in which opposition raises points of concern, the Prime Minister is expected to address them during his reply to the ‘Motion of Thanks’. However, in reply to the scathing attack by […]

The post Opposition’s Points Raised During Debate On ‘Motion Of Thanks’ Unanswered first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook released on Monday, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. “The emerging-market (EM) economies have generally continued to grow at a solid pace, despite […]

The post OECD Marginally Raises India’s GDP Growth Forecast To 6.2% For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Services sector activity expanded at the fastest pace in six months in January, as buoyant international and domestic demand contributed to rising new business orders, according to results of a private sector survey released Monday. HSBC India Services PMI Business Activity Index rose to 61.8 in January as compared with 59 in the […]

The post Services PMI Expands At Fastest Pace In Six Months In January first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said […]

The post Focus To Be On Concluding Ongoing Strategic Sales In FY25: DIPAM Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee It is difficult to believe in the 21st century that some small groups of Yemeni Houthi pirates on the Red Sea can bring a $1-trillion-plus annual global trade using the sea route almost to a halt, forcing shipowners and shippers divert the trade through a several times longer route via the Cape […]

The post Houthi Pirates Bring Global Trade Through Red Sea To A Near Halt first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Tourists visiting Paris’ Eiffel Tower will now be able to book their trip to the iconic monument using India’s Unified Payment Interface, the National Payments Corporation of India (NPCI) said on Friday. The NPCI said its arm NPCI International Payments (NIPL) has tied up with French e-commerce and proximity payments Lyra, which will help […]

The post Now, Pay For Eiffel Tower Visit Through UPI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: This budget demonstrates the confidence that the government’s structural reforms over the last 10 years, including the Covid-related actions, have set the economy on a sustainable growth path, chief economic adviser V Anantha Nageswaran said. The next-generation reforms alluded to by FM Sitharaman in her budget speech were nothing out of the ordinary […]

The post Thrust Is On Letting Economy Grow On Its Own Momentum: Chief Economic Advisor first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The revamped solar rooftop scheme announced by Prime Minister Narendra Modi which also found a mention in Finance Minister Nirmala Sitharaman’s Interim Budget speech will be implemented by the public sector utilities (PSUs) of the power ministry across all states, Union Power Minister R K Singh said here on Friday. Calling it the […]

The post Power PSUs To Implement Pm Suryodaya Yojana: Power Minister R K Singh first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Several industry captains on Thursday lauded the interim budget, stating that it will support the country’s economic growth and enhance investors’ sentiments. ITC Ltd Chairman and MD Sanjiv Puri said the budget demonstrates India’s confidence as an economy of substance and immense promises. “The budget builds on the extraordinary vision of the prime minister […]

The post Interim Budget To Support Growth, Enhance Sentiment: Industry Captains first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The interim Budget 2024 has not made mention of any measure or recommendation to address the very serious bottleneck that has been gripping India’s maritime trade for weeks now—the Red Sea crisis! This crisis is also known as the United States-Iran proxy war that began on October 19, 2023, when the Houthis […]

The post 2024-25 Budget Is Silent On India’s Maritime Preparedness To Deal With Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

With an ambitious goal of becoming a $5-trillion economy, India is at the crossroads of massive transformation. The Government of India’s visionary Viksit Bharat@2047 initiative augers well for the nation that could not be more ready to become a developed powerhouse by the centenary of India’s independence. The Interim Budget 2024 is aligned with the […]

The post Interim Budget: Focus On Infrastructure Growth Sets Stage For Viksit Bharat first appeared on Latest India news, analysis and reports on IPA Newspack.

While BJP leaders called the Interim Budget 2024-25 “encouraging” and “empowering”, opposition leaders expressed disappointment calling it an “anti-people budget”. The key highlights of the Interim Budget 2024-25 include “no changes” to the taxation system — both direct and indirect — including import duties. FM Sitharaman said that the “target is to reduce the fiscal […]

The post Opposition calls Interim Budget 2024-25 as ‘anti-people’ first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s core sector grew at its slowest pace in 14-months in December at 3.8% from 7.9% in the previous month due to base normalisation and slowing activity in crude oil production and electricity generation, official data released Wednesday showed. The eight core industries that account for 40% of the index of industrial production […]

The post At 3.8%, Core Sector Growth Hit 14-Month Low In December first appeared on Latest India news, analysis and reports on IPA Newspack.

By K R Sudhaman The interim budget 2024-25 presented ahead of the General elections in April-May is slightly different from previous interim budgets in the sense it made no major tax announcements keeping in line with the convention. What is significant is that the budget speech was short, less than an hour, and that it […]

The post Pre-Election Interim Budget 2024-25 Smacks Of Confidence Of Modi Govt first appeared on Latest India news, analysis and reports on IPA Newspack.