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NEW DELHI: Rising onion prices are unlikely to have a significant impact on inflation in October but may lead to inflation rising to near 6% levels in coming months, said economists. Onion prices rose nearly 75% in the first week of November compared with the previous month. “Alongside a rise in broader vegetable prices in […]

The post Economists See Onion Driving Inflation Near 6 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: New investment demand in the second half of this fiscal year is likely to be tempered amid increased geopolitical tensions in the Middle East, and a potential slowdown in the momentum of government capital expenditure (capex) and project execution prior to the general elections, said credit rating agency ICRA in its latest report […]

The post New Investment Demand Likely To Taper In Second Half Of FY24: ICRA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The crest of ‘Surat’, the under-construction guided missile destroyer of Navy named for the first time after a Gujarat city, showcases one of the first lighthouse built in 1836 at Hazira standing tall over a Asiatic lion standing near to a wavy sea, with insignias symbolising “the ship’s majesty and strength”. The crest […]

The post Navy’s Under-Construction Warship Surat’s Crest Unveiled first appeared on Latest India news, analysis and reports on IPA Newspack.

State-owned Hindustan Petroleum Corporation Ltd reported a consolidated net profit of Rs 5,826.96 crore in the quarter ended September, against a loss of Rs 2,475.69 crore in the same quarter last financial year. Improved marketing margins on the back of discounted Russian Urals and inventory gains even as the oil marketing companies (OMCs) kept the […]

The post HPCL Q2 Net At Rs 5,827 Crore On Strong Marketing Margins first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is pulling out all the stops to get Elon Musk’s Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister’s Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the […]

The post India Looks To Fast-Track Tesla Approvals By January 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy has the potential to clock 6.2 per cent annual average growth rate in the medium term during the 2019-27 period, credit rating agency Fitch ratings said in its latest Global Economic Outlook report on Monday. The agency raised the projection by 0.7 percentage points from 5.7 per cent estimated for […]

The post Fitch Upgrades India’s Medium-Term GDP Growth Projection To 6.2% first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s GDP growth in real terms in the second quarter of FY24 may have been significantly higher than 6.5% projected by the Reserve Bank of India (RBI), according to a few economists who FE spoke to, in this regard. While most have revised their estimates upwards, the estimates range from 6.2% to as […]

The post Q2 GDP Seen To Beat RBI Estimate, May Come In Close To 7% first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee Increasing secret business donations to political parties to help fight state and general elections threaten to harm India’s democratic system. The practice protects the anonymity of contributors. If France, one of the world’s most vibrant democracies, can ban political donations by business corporations, why do political parties in India need to raise […]

The post Anonymous Political Donations Are Harming India’s Democratic System first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s power consumption grew 9.4 per cent to around 984.39 billion units in the April-October period this fiscal compared to a year ago mainly due to improvement in economic activities and weather conditions. Power consumption in the April-October period in fiscal year 2022-23 was 899.95 billion units, according to power ministry data. Another […]

The post Power Consumption Grows 9.4% To 984.39 Billion Units In April-October first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reliance Industries Ltd and its partner bp plc of UK have reverted to oil indexation for pricing the gas they produce from India’s largest private-sector operated field in KG basin as they look to tap into the upside from the buoyant oil market. Reliance and bp in a tender have sought bids from […]

The post Reliance Returns To Oil Indexation For KG Gas, Seeks Buyers For 4 Mmscmd first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: After a delay of several months, India and the Gulf Co-operation Council (GCC) have begun discussing the contours of a free trade agreement, which may not include a bilateral investment treaty. Through the agreement, India will be eyeing a large and affluent market for its goods and also concessions on visas in a […]

The post India Works On Free Trade Deal With Gulf Countries first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government’s auction of the first 50-year bond evoked a strong demand from investors on Friday as the Reserve Bank of India (RBI) received bids worth Rs 40,200 crore (4x) for these ultra-long bonds, against the notified amount of Rs 10,000 crore. The RBI set a coupon rate of 7.46% on the new government […]

The post Investors Lap Up 50-Year Bond; Insurers, Pension Funds Line Up To Grab A Share first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Indian lenders expect North Block to seek a lower premium while selling green bonds in a higher-for-longer yield environment this fiscal year and are concerned the relative currency-market stability, a fallout of calibrated central bank interventions, might cause a spurt in unhedged risks that could later roil exchange rates. Recent meetings between senior officials […]

The post Banks Raise Unhedged Currency Risk Issue With RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Services activity grew at the slowest pace in seven months in October as fierce competition and subdued demand due to an uptick in price pressures weighed down on expansion and dented business sentiment. The seasonally adjusted S&P Global India Services PMI Business Activity Index declined to 58.4 in October from 61 in September, […]

The post Services Activity Pace At 7-Month Low In October first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s sunrise food processing sector has attracted Rs 50,000 crore FDI in the last nine years, Prime Minister Narendra Modi said on Friday, as he stressed on reducing post-harvest losses and food wastage. He also said India’s food processing capacity has witnessed significant growth in the last nine years leading to 150 per […]

The post Sunrise Food Processing Sector Got Rs 50,000 Crore Worth FDI In Last 9 Years: PM first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava “Listen, Bihar is not a BIMARU state”. This message was sent on Friday to Narendra Modi and his lieutenant Amit Shah by none else but Bihar Chief Minister Nitish Kumar. The two leaders from Gujarat have a habit of deprecating Bihar and describe it as a state with no hope under Nitish, […]

The post Providing Jobs To 1.22 Lakh Bihar Youths By Cm Nitish Kumar Augurs Well Before Polls first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Indian Inc raised as much as ₹5.33 trillion during the first seven months of this fiscal through corporate bond issuances, up by 3.2% compared to the same period in FY22. While the fund raised has improved marginally, what is surprising is the sharp slowdown since July. The fund raised through corporate bonds fell a […]

The post Corporate Bond Issuances Slow Down Amid High Interest Rates, Volatility first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Expanding cross-border linkages in the Bay of Bengal region, Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Wednesday jointly inaugurated three India-assisted development projects in railways, power and port sectors. The three projects, Akhaura-Agartala Cross-Border Rail Link, Khulna-Mongla Port Rail Line, and Unit–II of the Maitree Super Thermal Power Plant, […]

The post India, Bangladesh Drive Ties On Rail And Port Power first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Heightened cost pressures and a decline in demand in the consumer goods sub-sector saw manufacturing activity fall to an eight-month low in October. During the month, the Purchasing Managers’ Index (PMI) fell for the second consecutive month to 55.5 from 57.5 in September, the latest survey released by S&P Global on Wednesday showed. […]

The post Manufacturing PMI At Eight-Month Low In October Due To Decline In Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In the second quarter of FY24 (July-September), the state-run Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its consolidated net profit soared to Rs 13,713 crore, bouncing back from a loss of Rs 910 crore in Q2 FY23. However, on a sequential basis, the net profit exhibited a 7 per cent […]

The post Indian Oil Q2 Net Profit Soars To Rs 13,713 Crore, Beats Expectations first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty There was Pegasus, now it’s Apple and if Pegasus was a winged horse, the nearly half-eaten Apple is a mobile phone by another name. The one similarity is that both come under “Snoopgate”, in other words surveillance without the target’s knowledge. And the target remains India’s Opposition, today identified as the INDIA […]

The post Apple Alerts Opposition Leaders, Journalists Of ‘State-Sponsored’ Attacks first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Deceleration in India’s manufacturing sector growth was the worst in the last eight months since February this year, reflecting fading of output, demand, and employment generation in the country. It is particularly ominous, since it’s a festive season and the first month of the busy second-half of the India economy when […]

The post Festive October Witnessed Fading Output, Demand, Employment first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: In a step towards allowing Indian companies to list on foreign stock exchanges, the ministry of corporate affairs (MCA) on Tuesday brought into force a provision to allow certain public companies to issue a class of securities for listing on foreign bourses. The provision, which comes into effect from October 30, was introduced […]

The post MCA Enforces Provision For Foreign Listing Of Indian Public Companies first appeared on Latest India news, analysis and reports on IPA Newspack.

The Indian Navy chief, Admiral Hari Kumar, has proposed deepening relations between states in the Indian Ocean Region (IOR), by adopting four principles that would govern future relations. Hari Kumar made his proposals on Tuesday while addressing the Goa Maritime Conclave (GMC), one of the navy’s several multilateral initiatives aimed at bringing together the littoral […]

The post Indian Navy chief offers warship training hub for regional states first appeared on Latest India news, analysis and reports on IPA Newspack.