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NEW DELHI: The procurement of goods and services from the government portal GeM is expected to touch Rs 3.5 lakh crore by the end of this fiscal due to higher buying activities by various ministries and departments, a senior government official said. The government e-Market (GeM) portal was launched on August 9, 2016, for online […]

The post Procurement From GeM Portal May Reach Rs 3.5 Lakh Crore This Fiscal first appeared on Latest India news, analysis and reports on IPA Newspack.

LONDON: A new GBP 10-million design and manufacturing centre has been created in partnership between Imperial College London and Indian multinational Tata Steel as part of efforts to develop innovative new processes to help decarbonise steel production. The Centre for Innovation in Sustainable Design and Manufacturing is expected to enable the development of high performing […]

The post New India-UK Partnership To Develop Sustainable Materials For Steel Industry first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: As the world moves towards clean energy technologies, the demand for critical minerals is surging. So is their import dependence. Most of these minerals – which help power electric vehicles, wind turbines and solar panels – are imported from China, which is a leader in global production and supplier of these resources. During […]

The post Critical Mineral Imports Rise As Shift Towards Green Energy Catches Pace first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Breaking the seven-month-long deflationary streak, India’s Wholesale Price Index (WPI)-based inflation rate turned positive in November. The data released by the Ministry of Commerce and Industry on Thursday showed that the inflation in factory gate prices touched an eight-month high of 0.26 per cent in November, up from minus 0.52 per cent in […]

The post WPI Inflation At 8-Month High In November first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre is expecting savings of at least Rs 30,000 crore from its budgeted Rs 1.3 lakh crore assistance to states for capital expenditure in 2023-24, as the states have faltered in using the sanctioned amount, said people with knowledge of the matter. The Centre has released Rs 60,104 crore under the Special […]

The post Government Eyes Rs 30,000 Crore From Capex Scheme first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Electric vehicle maker Kinetic Green on Monday said it is looking to play big in the electric two and three-wheeler space as it rolled out its all-new e-scooter ZULU in the domestic market. The Made-in-India Fame-II compliant high-speed electric scooter comes at an introductory price starting from Rs 94,990 (ex-showroom, Mumbai), the company said. […]

The post Kinetic Green Launches E Scooter ZULU, Targets Big Play In 2, 3 Wheeler Market first appeared on Latest India news, analysis and reports on IPA Newspack.

The central bank’s decision to keep the repo rate unchanged at its bi-monthly meeting on Friday may encourage potential buyers of homes, cars and durable products to take the sales plunge, executives at top companies said. “Today’s RBI monetary policy announcement is a good boost to industry confidence. The upward revision of GDP growth rate, […]

The post India Inc Says Rate Pause May Spur Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India continues to be the fastest-growing major economy, with all sectors contributing significantly, finance minister Nirmala Sitharaman said Thursday. She flagged India’s manufacturing growth, citing India’s mobile phone and passenger vehicle exports. “The second-quarter growth was very high — it is the highest in the world,” Sitharaman said, replying to a short-duration discussion […]

The post Economy Gaining From Manufacturing Boost: Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: Fair Isaac, the US-based data and analytics company better known as FICO, on Tuesday launched its cloud-based platform in India. Indian banks like HDFC Bank, Axis Bank, and AU Small Finance Bank are among the early adopters set to elevate customer satisfaction and drive innovation in the banking sector. FICO Platform brings to market […]

The post US-Based Data Analytics Firm FICO Launches Its Cloud Platform In India first appeared on Latest India news, analysis and reports on IPA Newspack.

India and the UK have begun crunch-time talks to secure a landmark free-trade deal, as leaders on both sides seek to resolve outstanding issues before they face election battles next year. A UK team — including Amanda Brooks, director general for trade negotiations, and Douglas McNeill, chief economic adviser to the prime minister — is […]

The post India, UK Seek To Wrap Up Trade Negotiations Before Busy Election Year first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Indian Oil Corporation (IOC), the nation’s top oil firm, has revised the estimates of cost of expanding the Panipat refinery in Haryana by 10 per cent to Rs 36,225 crore and pushed back completion deadline by more than a year to December 2025. IOC is expanding its 15 million tonnes a year refinery, […]

The post Indian Oil Corporation Raises Panipat Refinery Expansion Cost 10%, Pushes Deadline By A Year first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines, with the three-four month period stretching (on average) to beyond nine months. The sale of Aditya […]

The post IRDAI Ups Scrutiny Of Broking Deals, Approvals Take Longer first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI | NEW DELHI: The Securities and Exchange Board of India (Sebi) decision to create a regulatory framework for the facilitation of small and medium real estate investment trusts (SM REITs) is expected to boost participation of retail investors, institutionalise the segment, and encourage greater capital influx from both domestic and offshore investors. The establishment […]

The post SEBI Nod For Small, Medium REITs To Boost Investments And Liquidity first appeared on Latest India news, analysis and reports on IPA Newspack.

  Congress leader Rahul Gandhi on Saturday said his party punctured all four tyres of the BJP in poll-bound Telangana and shall do it in Delhi soon. Addressing poll rallies in Telangana, he said BRS chief Chandrasekhar Rao should realise that it was the Congress that built the school and university in which he studied. […]

The post Cong flattened BJP tyres in Telangana, will repeat in Delhi: Rahul first appeared on Latest India news, analysis and reports on IPA Newspack.

In a major development in the Mahadev betting app probe, one of the key witnesses against Bhupesh Baghel has given a clean chit to the Chhattisgarh chief minister. Asim Das, a driver arrested in the case, retracted his statement against Baghel in a letter to the PMLA court in Raipur. He said he is being […]

The post Key witness retracts statement against Baghel in app case first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in […]

The post Urban Consumption Likely To Propel India’s GDP Growth In July-September first appeared on Latest India news, analysis and reports on IPA Newspack.

By Binoy Viswam The greed of the capital along with its market-controlled path of development is making the lives of people more and more miserable. The people are being denied even their basic rights of safe air, water, and landmass. The capitalistic rulers everywhere are doing only lip service to the safety of the people. […]

The post Centre Should Immediately Convene All Party Meeting To Discuss Pollution Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.