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MUMBAI: The top-level structure of public sector insurance companies is set to undergo an overhaul with the selection process and interviews for filling up the nine posts of executive directors (EDs) in place of general managers and directors (GMDs) expected to be completed soon. The ED structure for PSU insurers, which will be introduced for […]

The post PSU Insurance Top Brass To Undergo An Overhaul, ED Posts To Replace GMDs first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra The politics of Bihar is taking a big twist at the moment, and it seems that CM Nitish Kumar has begun to script a new chapter in Bihar politics and he could dump INDIA alliance and rejoin the Bharatiya Janata Party-led National Democratic alliance. In this context, Bihar CM Nitish Kumar, […]

The post Chief Minister Nitish Kumar May Join BJP Led NDA Next Week Along With JD(U) first appeared on Latest India news, analysis and reports on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: The Central investigation agency, Enforcement Directorate(ED), which has been accused of acting as a political tool in the hands of the Union Government, has been at the receiving end in Kerala besides Bengal. The ED suffered two setbacks in quick succession causing it accurate embarrassment. The first snub came when former […]

The post ED Suffers Yet Another Setback In Kerala first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India Inc wants government to keep up the momentum on public spending to boost demand and step up disinvestment and asset monetisation to keep public finances in order. “India is at an important inflexion point and given the current global developments and associated headwinds, the government should continue to lay major thrust on […]

The post Government Must Keep Up Capital Expenditure Momentum, Says India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the UK will likely sign an agreement in early February to spurt flow of London-based patient capital funds the burgeoning infrastructure sector of the world’s fifth largest economy. India is aiming for $5-10 billion inflows in the initial phase to establish a proof of concept in project financing for investors to […]

The post India Looks To Tap London Funds For Infrastructure Investment first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Private banks have continued to grow their personal loan books in the September-December quarter even after the Reserve Bank of India (RBI) raised risk weights for unsecured loans. According to the banks’ latest quarterly numbers, their personal loan books have risen between 10% and 86% year-on-year (yoy). Leading banks like ICICI Bank, Kotak Mahindra […]

The post Private Banks Grow Personal Loan Book Aggressively first appeared on Latest India news, analysis and reports on IPA Newspack.

By Prabhat Patnaik The unemployment situation is worse today than it has ever been in post-independence India. There are two distinct elements that have contributed to this situation. One is the fact that the output recovery from the fall caused by the pandemic-linked lockdown has not been accompanied by a comparable employment recovery. In fact, […]

The post Introduction Of Universal Employment Guarantee Scheme Is Need Of The Hour first appeared on Latest India news, analysis and reports on IPA Newspack.

Maratha quota leader Manoj Jarange Friday reached Navi Mumbai with thousands of supporters to push for reservations for the Maratha community. Jarange and other Maratha activists reached the Agriculture Produce Market Committee (APMC) on the outskirts of Mumbai around 5 am by bikes, cars, jeeps, tempos and trucks. As per his plan, Jarange, along with […]

The post Maratha quota activist in Mumbai outskirts with thousands first appeared on Latest India news, analysis and reports on IPA Newspack.

Ratings agency ICRA has revised upwards its projection of bank credit growth in FY24 to 14.9-15.3 per cent, estimated at an incremental growth of ₹20.4-20.9 lakh crore, from the earlier projection of 12.8-13 per cent equating to a growth of ₹17.5-17.8 lakh crore. “This will be the highest ever incremental bank credit growth and would […]

The post ICRA Revises Up Bank Credit Growth Estimate To 15% From 13% For FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The National Financial Reporting Authority (NFRA) is going to inspect the Big Four audit firms as well as other top auditors of large listed entities in 2024, an official familiar with the development told FE. “We shall inspect the Big four audit firms again this year in order to check whether the corrective […]

The post NFRA To Inspect Big 4, Others In 2024 Too first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentive scheme for coal gasification projects. In the first category, Rs 4,050 crore has been provisioned for public sector utilities (PSUs) in which up to three projects will be supported by providing a lump sum grant of Rs 1,350 crore or 15 per […]

The post Union Cabinet Approves Rs 8,500 Crore Incentive For Coal Gasification Projects first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of Rs 8,063.39 crore in October-December 2023-24 […]

The post Indian Oil Corporation Q3 Net Profit Soars To Rs 8,063 Crore, On Road To Best-Ever Annual Earning first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a relief to foreign portfolio investors (FPIs) with disproportionately high exposure to a single corporate group, the Securities and Exchange Board of India (Sebi) has decided to give them more time to comply with the new disclosure norms on beneficial owners or liquidate holdings, sources close to the development said. In its latest […]

The post SEBI Relief For High-Risk FPIs; Offers Grace Period And Liquidation Option first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Deficit liquidity in the banking system surged to an all-time high this week, topping the ₹3 lakh crore mark, as tax outflows, currency leakages and a slow pace of government spending led to a cash crunch with lenders, pushing up borrowing costs across the economy. As of January 23, the liquidity deficit measured by […]

The post Liquidity Deficit At Highest-Ever, Tops Rs 3 Lakh Crore After Eight Years first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10 points. Equity benchmark index Sensex tumbled 1,053 points to close below the 71,000 level on Tuesday, dragged down by index heavyweights HDFC Bank, Reliance Industries and SBI amid mixed […]

The post Investors Wealth Erodes By Rs 8.50 Lakh Crore As Markets Tumble first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government may go slow on sale of any extra stake in Life Insurance Corporation (LIC) and wait for investors who participated in the state-run insurer’s initial public offer (IPO) to book a decent capital appreciation. It feels that an appropriately timed follow-on offer is crucial for keeping investor interests in the stock […]

The post No Fresh Stake Sale In LIC In Near Future; Eyeing Larger Investor Pool first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’ capital expenditure growth may slow down to 12% in FY25 from 37.4% pegged in Budget for FY24, India Ratings and Research (Ind-Ra) said in a report. This is mainly due to the pickup in private capex in few sectors, the forthcoming elections in April and the fiscal consolidation target of 4.5% […]

The post Centre’s Budget Capex Growth To Slow To 12 Per Cent In FY25: India Ratings And Research first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Real rural wages contracted in 21 of the 23 months to October 2023, signalling that consumer demand in the hinterland remains weak. Although rural inflation has tapered off in the 14 months till October 2023 from the high of 7.9% in September 2022, the lot of rural workers has not improved much. While […]

The post Rural Wages Still To Recover Concerns Over Consumption Demand first appeared on Latest India news, analysis and reports on IPA Newspack.