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BENGALURU: Facing margin headwinds, IT firms like Wipro, Tech Mahindra, and LTIMindtree, are reducing their exposure by giving up low-value clients in the Asia-Pacific region, which falls under the RoW (rest of the world) geographical segment for them. Instead these firms are concentrating on deals in the North America region. Though this region is witnessing […]

The post IT Firms Reducing Exposure To Asia-Pacific Region first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran A failure by Russia to fulfil its commitment of 300,000 barrels per day of voluntary cut in crude exports as per the understanding with OPEC is likely to cause friction between Moscow and Saudi Arabia, the prime driver of the cartel’s supply control strategy to shore up crude prices. Any problem in […]

The post Overshooting Russian Oil Exports May Cause Friction In Saudi-Led Supply Cut Mechanism first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey Israel’s options are central to discussions about the day after the guns fall silent in Gaza. Absent from the debate is what Palestinians want. Also absent is any discussion of funding for Gaza’s reconstruction, although the assumption is that oil-rich Gulf states will step up to the plate. The significance of […]

The post Israel In Gaza: Only Limited Options Available When The Guns Fall Silent first appeared on Latest India news, analysis and reports on IPA Newspack.

Prime Minister Narendra Modi on Saturday said the Congress leaders, their ”dialogues” and their announcements are all ”filmy” as he took a jibe at ’tear clothes’ remarks of the Madhya Pradesh Congress leaders. Speaking at a rally at Ratlam in BJP-ruled Madhya Pradesh ahead of the November 17 assembly elections, he also announced that the […]

The post Modi accuses Cong leaders of ‘filmy’ conduct 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.

By Harihar Swarup Nawaz Sharif’s celebratory return to Pakistan after several years in exile will turn into a political triumph only if the country’s military establishment, which had banished him from politics six years ago and now facilitated his recent insurrection, fundamentally changed its behaviour. So far, it seems that the establishment sees Sharif as […]

The post Pakistan Army Wants Former PM Nawaz Sharif To Contest And Win Elections 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.

New Delhi: The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800 per tonne from Rs 9,050 a […]

The post Govt Hikes Windfall Profit Tax On Crude Oil, Cuts Levy On Diesel Exports first appeared on Latest India news, analysis and reports on IPA Newspack.

Week performance in European operations is likely to have driven Tata Steel Ltd into losses in the September quarter. The steel major will report its earnings on November 1. Consolidated loss for the quarter, according to five analysts polled by Moneycontrol, will be at Rs 700 crore as against a profit of Rs 1,533.90 crore […]

The post European Blues May Have Driven Tata Steel Into Red In September Quarter first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The conflict in Gaza is taking a devastating toll on civilians. According to the Gazan health ministry, the death toll has exceeded 8,000 people, with over 3,000 of them being children. This number of child casualties surpasses the annual child death toll from all wars in each of the previous three years. […]

The post Urban Warfare In Gaza Poses A Gruelling Challenge For Israel 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: The output of eight key infrastructure industries — known as the core sector — slowed to a four-month low of 8.1 per cent in September, on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sector output had grown 8.3 per cent. The […]

The post Core Sector Output Slows To A Four-Month Low Of 8.1% In September first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The answer to the Reserve Bank of India’s (RBI) question why its rate actions are not completely transmitted through the economy may lie in the shrinking trade volumes in the very segment the central bank targets through its monetary policy — the overnight call money market. The value of trades in the interbank call […]

The post Fall In Call Money Trades May Limit RBI Rate Move Impact first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is estimated to be a $30 trillion developed economy by 2047, preliminary results from the Centre’s vision document which is being prepared have shown, Niti Aayog CEO BVR Subrahmanyam said on Sunday. The Vision India@2047 document is likely to be released by PM Modi in the next three months. The estimates will […]

The post India To Become $30-Trillion Economy By 2047: NITI Draft Vision Document first appeared on Latest India news, analysis and reports on IPA Newspack.