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NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal as its calculated game plan of venturing into high-risk deep water exploration starts yielding results. The firm made the discoveries in the block MN-DWHP-2018/1, which it had […]

The post ONGC Makes Back To Back Gas Discoveries In Mahanadi Basin Block first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The new year’s best news for India, is that the Saudi Arabia-led Organisation of Petroleum Exporting Countries (OPEC) is fast losing its grip on the market with a number of countries willing to offer prices even lower than those fixed for Russian crude. Saudi Arabia itself has cut down crude oil prices […]

The post Lower Global Oil Demand And Price Will Benefit India In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava In October last year at the Group of 20 summit in New Delhi, Narendra Modi had projected India under his rule as a rising diplomatic powerhouse and elicited sycophantic commentary on its growing confidence. While boasting of his image of a ‘Vishwa Guru’, Modi often ignores the bare fact that goodwill cannot […]

The post Maldives Crisis Exposes India’s Lack Of Diplomatic Wisdom, Wider Vision first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions in the country at an aggregate level, say economists. Curiously, this is also a bit at odds with the RBI’s […]

The post Sub-4 Per Cent Core Inflation Betrays Weak Demand Conditions first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Electronics exports from India to the US jumped over two-fold year-on-year to USD 6.6 billion during January-September 2023, industry body ICEA has said. India Cellular and Electronics Association Chairman Pankaj Mahindroo told PTI that this is an all-time high electronics export from India, while the share of electronics imported from China into the […]

The post India Electronics Exports To Us Jump Two-Fold To $6.6 Billion In January-September 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Devasis Chattopadhyay On 22 January 2024, India will change forever. It’s a misstep we may never recover from, a change triggered by a temple. In our country, regardless of religion, we consecrate shrines all the time. In a multi-faith and primarily agrarian society, home to 140 crore population, places of worship possess a wonderful […]

The post I Am Sad I Will Not Find My Childhood Ramchandra In The New Ayodhya Temple first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav A lot has happened over Prime Minister Narendra Modi’s blissful walk on the sandy pristine beach of one of India’s least explored tourism destinations – Lakshadweep. Living among 1.40 billion people has its share of joys and perils. One of the most irritating problems that most Indians face is the lack […]

The post India Govt Should Deal With Maldives With Caution And Perspective first appeared on Latest India news, analysis and reports on IPA Newspack.

NAGPUR: Union Civil Aviation Minister Jyotiraditya Scindia on Friday said 75 new airports have been built in the last ten years as part of the Narendra Modi government’s vision to bring air travel within the reach of a vast number of common citizens and asserted the key sector was on the upswing and still holds […]

The post Civil Aviation Sector On Upswing: Jyotiraditya Scindia first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reliance Industries Ltd, India’s largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses – from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over India, with an aim to nurture […]

The post Reliance To Hire Graduate Engineers Across Business Verticals first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Shipping rates have already gone up by more than three times in a week after the January 9 attack by Houthis on the Red Sea. But supply chain professionals are warning that the rates are going to further shoot up in the coming weeks. This is bad news for India’s export-import trade, […]

The post No Relief For Export-Import Trade As Shipping Costs Expected To Further Shoot Up first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s retail inflation rose to 5.69 per cent in December 2023 up from 5.55 per cent in November last tear with higher food prices stretching household budgets, according to official figures released on Friday. Retail inflation inched up marginally in December, while industrial production in November plunged to an eight-month low of 2.4%, […]

The post Consumer Inflation Tad Up, Factory Output Slips first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), […]

The post India Likely To Register 6.9-7.2% GDP Growth In FY24, Says Deloitte first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The commerce ministry has called a high-level inter-ministerial meet next week to discuss ways to insulate India’s trade from the ongoing problems in the Red Sea, a senior official said on Thursday. Senior officials from five ministries — external affairs, defence, shipping and finance and commerce — will participate in the deliberations. The […]

The post Inter Ministerial Meet To Discuss Ways To Insulate India Trade From Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s industries are counting on the government to target larger capex outlay of atleast ₹12-lakh crore in the upcoming interim Budget (2024-25) to support higher GDP growth in a year when global economic slowdown in expected to be pronounced. This comes even as the private sector’s side of investment push has not been exuberant in […]

The post Private Sector Urges Massive Capex Booster Dose In Interim Budget As Well first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has submitted all relevant data on its social security schemes sought by the US to start negotiations on a bilateral totalisation agreement that would exempt short-term visa holders from contributing to social security and will push for it at the India-US Trade Policy Forum (TPF) meeting on Friday, an official has said. […]

The post India Provides Comprehensive Data To US For Bilateral Social Security Agreement Negotiations first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Economics and culture could be mixed but certainly not the politics. It could be either centrist, liberal or rightist, but definitely not mixed. Ever since its birth in 1885, Congress has been a congregation of all shades of people, from rightists, centrists to leftists, but it steadfastly pursued the secular tenets. Nevertheless, […]

The post Who Are BJP And RSS To Ask The Congress For Loyalty Test On Hindutva? first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI/BENGALURU: India’s information technology (IT) leaders have once again sent out a signal that the macro environment is tough and that their clients are spending cautiously. Kicking off the earnings season on Thursday, the third quarter results of Tata Consultancy Services (TCS) and Infosys reflected the slowdown in the global markets. While attrition has been […]

The post IT Leaders Infosys, TCS Kick Off Q3 Earnings Season With Weak Numbers first appeared on Latest India news, analysis and reports on IPA Newspack.

The political war of words continues over invitations to the pran pratishtha of Ram Lalla’s idol after the Congress said it will not be attending the inauguration of the Ayodhya temple on January 22. Analysts are saying the grand old party may have committed a blunder going into the Lok Sabha elections. But, some others […]

The post Advani to finally make it to Ayodhya first appeared on Latest India news, analysis and reports on IPA Newspack.

West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Thursday said the ‘One Nation, One Election’ idea is not practically feasible going by India’s federal structure. Hours after sending a letter to Dr Niten Chandra, secretary of a high-level committee that has called for suggestions for implementation of the idea, Banerjee requested the […]

The post Mamata rejects ‘One Nation, One Election’ idea first appeared on Latest India news, analysis and reports on IPA Newspack.

India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year’s target of 5.9 per cent of gross domestic product (GDP), while also looking to raise capital spending by as much as 20 per cent, two government officials said. Shrinking the fiscal deficit and yet at the […]

The post Govt Plans To Lower Budget Gap By At Least 50 Basis Points, Raise Capital Spending As Much As 20% In FY25: Sources first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy After fiddling with the Indian economy for years, Raghuram Rajan, former governor of Reserve Bank of India, finds himself in a kind of Hamlet moment. Rajan had observed that India would be lucky to reach a 5% growth rate during the current fiscal year. He was heaped with criticism for his pessimism […]

The post Indian Economy Has Shown Its Own Strengths Through High Growth In 2023-24 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India has emerged as “vishwa mitra”, or a trusted friend, in the rapidly changing world order, said Prime Minister Narendra Modi on Wednesday. He projected the country as a new ray of hope amid global uncertainties and an engine of growth for the world economy. The prime minister was addressing the Vibrant Gujarat Global […]

The post Vibrant Gujarat Global Summit 2024: India A Vishwa Mitra, Says PM Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reiterating the demand for a reduction in tariffs and duties on components and subassemblies imported for making smartphones in India, the India Cellular and Electronics Association (ICEA) on Wednesday said such a reduction in input tariffs could increase the country’s smartphone exports by nearly four times to $39 billion (around Rs 3.2 trillion) […]

The post Tariff Cut May Boost India’s Phone Exports To $39 Billion By 2027: ICEA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Green hydrogen in India can not only provide energy for sectors such as fertilizers, chemicals, refining and iron, but also save carbon emissions compared to fossil fuels, the World Economic Forum said on Wednesday. In a detailed analysis of what it will take to make green hydrogen a credible energy pathway in India, […]

The post Green Hydrogen Can Enable Energy Transition In Net-Zero Journey: WEF Report first appeared on Latest India news, analysis and reports on IPA Newspack.