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NEW DELHI: India has settled international trade worth over $2.5 billion in rupee after the Reserve Bank of India (RBI) facilitated this in July last year, according to a senior official. Much of the trade settlement in rupee has been with Russia, Sri Lanka and three-four other countries, he said. Though this shows a pick-up […]

The post Rupee Trade Worth $2.5-Billion Since July 2022 RBI Move first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have […]

The post FPIs Pull Out Rs 12,000 Crore From Equities So Far In October; Invest Rs 5,700 Crore first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The recommendation of the international proxy advisory firm, Institutional Shareholders Services (ISS), asking shareholders to vote against the proposal of 28-year-old Anant, the youngest son of Mukesh Ambani, for appointment on the board of Rs.9.75 lakh crore Reliance Industries may not look entirely unjust. Few will deny that Anant is too young […]

The post ISS Objection To Anant Ambani’s Board Level Elevation At RIL May Be Valid first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew […]

The post Early Birds Report Strong Q2 Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Senior officials from the World Trade Organisation (WTO) member countries are meeting in Geneva from Monday to lay the groundwork for the next ministerial conference of the global trade regulating body which will involve reviewing the status of progress on the decisions of the previous ministerial conference and reforms in the global trade […]

The post Food Stock-Holding, E-Commerce Tax On Wto Meet Agenda first appeared on Latest India news, analysis and reports on IPA Newspack.

The net Foreign Direct Investment (FDI) in India, declined sharply in April-August 2023 to $2.99 billion from $18.03 billion in April-August 2022 due to moderation in global investment activity and a rise in repatriation. Reserve Bank of India’s data (October 2023 bulletin) said FDI in India was $7.28 billion and FDI by India, that is, […]

The post Net FDI Into India Declines To $2.99 Billion In April-August first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s 5G rollout speed may be one of the fastest in the world in just a year of  launch. But where the country is falling behind is in the adoption of private captive networks by its enterprises. India lags behind the US, Japan, Germany, UK and China,  among other geographies, on this parameter, […]

The post A Year After Rollout, Private 5G Struggles To Find Takers first appeared on Latest India news, analysis and reports on IPA Newspack.

By K R Sudhaman All is not well with India’s exports this financial year and the global uncertainties has made matters worse when one reads between the lines the data of exports of goods and services in the first half of this financial year 2023-24. This meant that India’s dream of achieving $ 1 trillion […]

The post India’s Foreign Trade Has Hit A Bump In The Face Of Global Uncertainties first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the […]

The post Looking To Cut Debt Burden: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said. “Interest rates will remain high. How long they will remain […]

The post Interest Rates Will Stay High For Now: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: The Reserve Bank of India (RBI) is likely to hold repo rates steady for a long period as easing of core inflation and high real interest rates provide comfort, but frequent volatility in food prices – albeit transient – requires monetary policy makers to be vigilant, according to the minutes of the monetary policy […]

The post RBI Cautious On Future Price Shocks, May Hold Repo Steady first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran With signs of a wider conflict in the Middle East becoming stronger by the day, oil market analysts are keeping their fingers crossed over how the evolving scenario is going to shape the future of oil as well as the global economy. As Israel pushes ahead with its Gaza action, bombing more […]

The post Threat Of A Wider Conflict Keeps Oil Market Analysts In A Discomforting Guessing Game first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nilanjan Banik Joseph Campbell, author of “The Hero with a Thousand Faces” and scholar on comparative religions, once recounted a Japanese story. A samurai hunted down his master’s killer and was about to decapitate him when the assassin spat in the samurai’s face. The enraged samurai immediately returned his sword to the sheath and […]

The post Hamas-Israel War, If Not Contained, Has Potential To Damage Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

Targeting the Congress on corruption, the BJP on Friday released the ATM Sarkara Collection Tree poster accusing the government of using Karnataka as the Automated Teller Machine (ATM) to fund Parliamentary polls and the forthcoming assembly elections in five states. The poster has pictures of Congress MP and former party president Rahul Gandhi on the […]

The post BJP’s turn to release Karnataka ‘ATM Collection Tree’ poster first appeared on Latest India news, analysis and reports on IPA Newspack.

BRS President Chief Minister K Chandrasekhar Rao has expressed confidence that his party would emerge victorious in the upcoming assembly elections, securing between 95 and 105 seats in the 119-member house. He was speaking at an extensive constituency-level BRS meeting in Gajwel, which he represents in the legislative assembly, on Friday. Stating that although Telangana’s […]

The post KCR claims BRS set for brute majority in state poll first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% […]

The post Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT first appeared on Latest India news, analysis and reports on IPA Newspack.