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NEW DELHI: India’s import of crude oil reached a multi-year high of 4.9 million barrels a day in January and increased 13% from December 2023, according to data from energy cargo tracker Vortexa. Indian refiners cumulatively had imported 4.3 million barrels a day in December. The country imported 1.20 million barrels a day of Russian […]

The post Iraq Oil Supplies To India Surge first appeared on Latest India news, analysis and reports on IPA Newspack.

The crude oil market share of the Organization of Petroleum Exporting Countries (OPEC) has been declining since the cartel  came out with its Declaration of Cooperation (DoC). The share is under increasing threat from non-OPEC+ countries, analysts say. According to research agency BMI, a unit of Fitch Solutions, propping up Brent through DoC has come […]

The post OPEC Losing Crude Oil Market Share As It Cuts Output To Lift Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Ministry of Electronics and IT (Meity) will seek cabinet approval for the India AI program, which includes the setting up of GPU-based servers in public-private partnership mode with an outlay of over Rs 10,000 crore, Minister of Electronics and IT Rajeev Chandrasekhar said on Tuesday. Working groups formed by the government on […]

The post MeitY To Seek Cabinet Nod For India AI Programme Entailing Rs 10,000 Crore Investments: MoS IT first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In Bangladesh, the recent Awami League (AL) victory in the 2024 parliamentary polls has left major world powers sharply divided and common people confused. Significantly, the none-too-unpredictable outcome has not left too many Bangladeshis noticeably jubilant, excepting ruling AL leaders. The comfortable margin of the AL’s victory has bought ruling Prime Minister […]

The post A Confident Sheikh Hasina Is Set To Combat West’s Political Pressure In Her Fresh Term first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey A recent Lebanese public opinion poll suggests there may be limits to Iran-backed Shiite militia Hezbollah’s restraint in confronting Israel. It also suggests why Iran feels emboldened by escalating tensions in the Middle East. The poll results are significant with Hezbollah and Israel engaged in tit-for-tat cross border attacks that both […]

The post Hardliners Ride High In Miidle East As Border Hostilities Escalate Unexpectedly first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The involvement of Iran in the escalating conflict between Israel and Gaza has been somewhat downplayed and indirect. However, in the last week, a series of direct retaliatory actions by Iran have sparked fresh discussions about Tehran’s strategic objectives. There is growing speculation about whether China might be requested to intervene as […]

The post Iran’s Strikes Indicate Shifting Relationship Between Nations During Gaza War first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has ranked at 127 out of 146 countries in terms of gender parity — an improvement of eight places from last year — according to the World Economic Forum’s annual Gender Gap Report, 2023. The World Economic Forum (WEF) ranked India at 135 out of 146 countries in the Global Gender Gap […]

The post India Climbs Eight Places To 127 In Global Gender Index, Says WEF Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s crude oil imports from Saudi Arabia may pick up modesty after the kingdom cut the official selling price of its key export grade for February, but the demand for discounted Russian Urals is still seen surpassing that for the oil from Saudi Aramco. Analysts feel any lartge additional buying of Saudi crude […]

The post Saudi Price Cuts Unlikely To Dent Indian Demand For Urals 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.

NEW DELHI: The commerce ministry has set up a task force to identify and resolve trade barriers being faced by exporters in other countries, a move which would help provide greater market access to domestic goods, an official said. The development assumes significance as many times India’s exports suffer from these barriers such as time […]

The post Commerce Ministry Sets Up Task Force To Resolve Trade Barrier Issues For Exporters first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna India and the UAE recently completed their first transaction in rupees for crude oil from the Emirates. A major shift in how global trade is conducted, typically done in dollars, this step is a significant boost to the growing trade between India and the UAE, which is likely to surpass the $100 […]

The post India-UAE Embrace The Rupee In Oil Transactions first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee China’s Xi Jinping, running the third five-year term as the all-powerful President of the People’s Republic, is 70. Vladimir Putin, aspiring to become Russia’s President for a fifth six-year term next year, is 71. The National People’s Congress chose Xi’s appointment without any opposition. The vote for Xi was 2,952 to 0. […]

The post Joe Biden’s US-Led Wargames Is Shaping A Russia-China Axis first appeared on Latest India news, analysis and reports on IPA Newspack.

The Indian Navy’s explosive ordnance disposal team on Monday carried out a detailed inspection of merchant vessel MV Chem Pluto on its arrival at Mumbai harbour, two days after the ship was hit by a drone off India’s west coast in the Arabian Sea when it was on its way to New Mangalore port. In […]

The post Navy deploys 3 warships to counter Arabian Sea attacks first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna A coalition of 10 countries, with the United States at the helm, will struggle to prevent Yemen’s Houthi rebels from targeting ships in the Red Sea. That is not to say that both parties don’t have a shared interest in avoiding an escalation that could potentially spiral out of control. The Houthis […]

The post Red Sea Risks: Houthi Strikes Impact Global Shipping Costs first appeared on Latest India news, analysis and reports on IPA Newspack.