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NEW DELHI: India’s Custom authorities are “actively deploying” cutting-edge technologies including big data analytics, artificial intelligence, image analytics to detect fraud and curb illegal trade, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal said on Monday. “The Indian customs administration is combining domain expertise with innovative technology to manage cargo related risks […]

The post Customs Using Cutting-Edge Tech To Detect Illicit Trade: CBIC Head first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Commercial banks are likely to get stiff competition from mutual funds because savers, who are growing in financial literacy, are opting for the latter, said veteran banker K V Kamath on Monday at the Business Standard BFSI Insight Summit. Several speakers on the first day of the summit sounded confident about steady economic recovery […]

The post Savers Are Slowly Understanding Mutual Funds, Says K V Kamath first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: US-based private equity major Blackstone said on Monday it had completed the acquisition of a 72.5 per cent stake in Quality Care India Ltd (QCIL), which operates a network of Care Hospitals, from Evercare, a platform backed by TPG Rise funds. This marks Blackstone’s foray into India’s health care services sector. TPG will continue […]

The post Blackstone Makes Health Care Foray With $1 Billion Deals, Buys Care Hospitals 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 has asked the WTO members to work on a clear definition of e-commerce trade in goods and services as it would help provide developing countries a policy space to make decisions on the fast-growing sector, an official said. At present, there is a difference of understanding about the subject between developed and […]

The post India Pitches For Clear Definition Of E-Commerce Trade In Goods, Services In WTO first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government has mandated all private companies, other than small companies, to dematerialise their shares by September 30, 2024. The move is expected to boost transparency and oversight of the financial system. The Ministry of Corporate Affairs (MCA), in an amendment dated October 27, inserted a new clause in the Companies (Prospectus and Allotment […]

The post Govt Asks All Private Companies To Demat Shares By September 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India has proposed that the World Trade Organisation (WTO) clearly define what constitutes goods and services in relation to cross-border electronic transmissions such as content streaming. The suggestion, made by senior Indian officials at a meeting of WTO member countries in Geneva last week,  is aimed reaching a multilateral agreement to put import […]

The post India Seeks To Tax Goods Part Of Cross-Border Digital Trade first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The K-factor, visible in many sectors of the economy, is at play in the housing space as well. Housing sales were at six-year high in the September quarter, however, the sale of affordable housing units declined 10%, as buyers in the segment continued to be troubled by the high interest rates. Sale of units […]

The post K-Factor In Full Play In Housing Segment first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna In a recent political development that could potentially reshape the dynamics in the Indian Ocean Region (IOR), the Maldives elected a new President, Mohamed Muizzu, 45, of the People’s National Congress (PNC) on September 30, 2023. Muizzu’s victory marked a significant shift in the nation’s foreign policy and raised concerns about the […]

The post Indian Geopolitical Stakes In Maldives And Indian Ocean Region Nations Are Very High first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: It’s final. Taiwan-based Apple contract manufacturer Wistron Corp on Friday approved the sale of its plant in Karnataka to Tata group. This paves the way for the salt-to-software conglomerate to become the first domestic entity to manufacture iPhones. “The transaction price is tentatively estimated at $125 million,” Wistron said in a statement. The company’s […]

The post Tata Group To Make iPhones In India first appeared on Latest India news, analysis and reports on IPA Newspack.

Trade ministers from the world’s most advanced economies will seek strategies to make global supply chains more resilient and governments less vulnerable to economic coercion from the likes of China when they gather in Osaka this weekend. Group of Seven trade ministers convene on Saturday and Sunday against a backdrop of soaring geopolitical risk due […]

The post G-7 Trade Chiefs Set To Tackle Supply Chains, Economic Coercion first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Reliance Industries Ltd (RIL), India’s biggest company by market capitalization, reported a 29.7% increase in consolidated net profit for the July-September quarter on account of higher sales and the robust overall performance of its businesses. Net profit rose to ₹19,878 crore from ₹15,332 crore in the year earlier. Revenue from operations was up 1.2% […]

The post RIL Posts 29.7 Per Cent Jump In Q2 Net Profit To ₹19,878 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATABENGALURUCHENNAIMUMBAI: How much time should one devote to work? Do long working hours mean more productivity? How important is the work-life balance in fostering creativity? India Inc seemed to be divided on such questions after Infosys founder Narayana Murthy suggested a 70-hour work week for “youngsters” to make the country competitive globally. While some corporate […]

The post India Inc Divided On Narayana Murthy’s Call For 70-Hour Work Week To Youth first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: JPMorgan has upgraded the domestic markets to ‘overweight’ (OW) from ‘neutral’ on the “positive historical seasonality to general elections.” The investment bank joins US-based peer Morgan Stanley to flag preference for the Indian markets, which has been the leading performer in the emerging market (EM) pack since 2021. JPMorgan sees cyclical and structural tailwinds […]

The post JP Morgan Upgrades India To ‘Overweight’ From ‘Neutral’ Ahead Of Elections first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Infosys founder Narayana Murthy’s call to the youth of the nation to declare ‘this is my country, I want to work for 70 hours a week’ has created such a storm that it has elicited response from every section of the society, including the veteran technocrat’s peers, employers, corporate personalities and of […]

The post Emotional Response To Murthy’s Call For 70 Hours Work Disguises Real Problems first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India and the United Kingdom on Saturday reviewed the progress of negotiations of the proposed free trade agreement (FTA), talks for which have reached the final stage. The progress was reviewed by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch in Osaka, Japan. Both […]

The post India, UK Trade Ministers Review Progress Of Talks On Proposed FTA first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The ministry of power and the Bureau of Energy Efficiency (BEE) announced a revision to the Energy Conservation Act of 2001 on Wednesday, setting ambitious renewable energy consumption benchmarks for specified consumers until the financial year ending 2030. According to the notification, the BEE will shoulder the responsibility of data management. “The Bureau […]

The post Ministry Of Power And BEE Unfold New Renewable Roadmap For 2030 first appeared on Latest India news, analysis and reports on IPA Newspack.