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NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd (HPCL) plans to spend Rs 75,000 crore in expansion and diversification in the next five years with an annual expenditure of around Rs 14,000-15,000 crore, the company said on Tuesday. “Around 25-30% of the capex will be for the renewable or gas-based segment, refinery would take another 20% […]

The post HPCL Lays Out Rs 75,000-Crore Capex Plan For Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Once again, the Bihar chief minister Nitish Kumar has proved that his bête noire Narendra Modi could not match his political craftsmanship and administrative acumen. Though the middle class bhakts of Modi claim that he has perfect understanding of the time, when to strike and how to mutilate his opponent, the Tuesday […]

The post Nitish Trumps RSS, Modi With Caste-Based Socio-Economic Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is framing a national policy to transform its airports into major international hubs that will offer single-point international connectivity to the South Asian region. The policy, which will need cabinet nod, aims to frame laws for easing security and immigration bottlenecks at airports, allocation of international flying rights and building necessary infrastructure […]

The post Policy Soon To Make Airports Transit Hubs For South Asia first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Alternative Investment Funds (AIFs) are awaiting clarity from the markets regulator, the Securities and Exchange Board of India (Sebi), on the valuation mandate to address gaps in audit timelines, operational challenges, and issues in benchmarking. Last week, Indian Private Equity and Venture Capital Association (IVCA) — the industry body for AIFs — became a […]

The post Alternative Investment Funds Seek Clarity From SEBI On New Valuation Norms To Address Gaps first appeared on Latest India news, analysis and reports on IPA Newspack.

The Congress on Tuesday claimed Prime Minister Narendra Modi’s announcement of a five-year extension of the PM Garib Kalyan Anna Yojana was ”blatant violation” of the model code of conduct and said the party would approach the Election Commission on the issue. Congress general secretary Jairam Ramesh said they would be meeting the Election Commission […]

The post Cong alleges poll code violation by Modi first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Mobile subscribers will soon be allotted a unique customer ID by the government, which will act as their one-stop identification point for everything related to their primary as well as add-on phone connections. The move, being finalised by the department of telecommunications is to protect users from cyberfrauds as well as for providing […]

The post Unique Customer ID For Mobile Phone Subscribers Soon 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.

By Kalyani Shankar A hypothetical President Joe Biden versus his predecessor, Donald Trump, contest in the 2024 U.S. presidential race is too close to call. Elections will be held on November 5, 2024, just a year away. News agency Reuters says this election promises to be like no other modern U.S. election. New York Times […]

The post American Presidential Election In November 2024 Promises To Be A Tumultuous One first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Amid a record incorporation of companies, the ministry of corporate affairs (MCA) has called for regular general meetings, stating that they offer shareholders a platform to question the management’s decisions and the shareholders’ participation minimises corporate frauds and financial risks. In an internal communication, the ministry said: “General meetings can help companies fulfil […]

The post MCA Calls For Regular General Meetings Of Companies 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: The capital expenditure by 54 large central public sector enterprises (CPSE) and the five departmental arms of the ministries, such as the Railway Board and National Highways Authority of India, rose 33% in the first half of the current fiscal with their spending reaching Rs 3.79 lakh crore by September 30, according to […]

The post CPSE Capex Up 33% By H1 Of FY24, Touches Rs 3.79 Lakh Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Capital expenditure by 18 state governments whose finances were reviewed surged by 56% on year in the first half of the current financial year compared with just a 2% rise in the year-ago period. This was supported by capex loans from the Centre. Excluding loans from the Centre, the capex of these 18 […]

The post States Capex Up 50 Per Cent In H1 On Low Base first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

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.

By Dr. Gyan Pathak ILO has moved one step closer to social justice and decent work by adopting a proposal to establish a Global Coalition for Social Justice in the ongoing 349th Session (30 October – 9 November, 2023) of its Governing Body at Geneva, Switzerland. It is just a beginning, and the Coalition will […]

The post ILO Moves One Step Closer To Social Justice And Decent Work 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: The share of companies looking to increase permanent employees in the next six months nearly halved to 15.9 per cent in the September quarter from 30.9 per cent in the previous quarter, reflecting the stress in the labour market. Similarly, the share of firms planning to add more temporary workers to their workforce […]

The post Firms Dither On Hiring As Labour Market Stagnates, Says NCAER Survey 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.