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NEW DELHI: The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook released on Monday, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. “The emerging-market (EM) economies have generally continued to grow at a solid pace, despite […]

The post OECD Marginally Raises India’s GDP Growth Forecast To 6.2% For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Services sector activity expanded at the fastest pace in six months in January, as buoyant international and domestic demand contributed to rising new business orders, according to results of a private sector survey released Monday. HSBC India Services PMI Business Activity Index rose to 61.8 in January as compared with 59 in the […]

The post Services PMI Expands At Fastest Pace In Six Months In January first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. “Some of the companies also reported a decline in their topline numbers, as they extended the benefits of softening commodity prices to the consumer […]

The post FMCG Firms Report Single Digit Growth With Better Margin In Q3 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said […]

The post Focus To Be On Concluding Ongoing Strategic Sales In FY25: DIPAM Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending rate in its upcoming bi-monthly monetary policy this week as retail inflation is still near the higher end of its comfort zone, say […]

The post RBI Likely To Continue Status Quo On Short Term Lending first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in the September and December quarters of […]

The post Private Capex Hike Depends On Demand: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: India continues to be a bright spot for Apple registering a quarterly revenue record with a strong double-digit growth. “If you look at it, India grew — in revenue terms — strong double-digits in the Dec quarter and hit a quarter revenue record. Other emerging markets like Indonesia also hit a quarterly record. And […]

The post India Bites Big Into Apple Sales Pie first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Reduction in the total allocations for Union Ministry of Labour and Employment and also workers’ social security in the Interim Union Budget 2024-25 has revealed PM Narendra Modi government’s anti-labour stance, an allegation that has been labelled by the joint platform of Central Trade Unions (CTUs) since the passage of four […]

The post Interim Union Budget 2024-25 Reveals Modi Governments Anti-Labour Stance first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: This budget demonstrates the confidence that the government’s structural reforms over the last 10 years, including the Covid-related actions, have set the economy on a sustainable growth path, chief economic adviser V Anantha Nageswaran said. The next-generation reforms alluded to by FM Sitharaman in her budget speech were nothing out of the ordinary […]

The post Thrust Is On Letting Economy Grow On Its Own Momentum: Chief Economic Advisor first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: After touching an all-time high of Rs 3.4 trillion last month, the liquidity deficit in the banking system has started to ease. The liquidity deficit declined to Rs 2.4 trillion on Thursday, reflecting a fall of around Rs 1 trillion, according to the Reserve Bank of India data. Experts say that the days of […]

The post Liquidity Deficit Eases To Rs 2.4 Trillion After December High first appeared on Latest India news, analysis and reports on IPA Newspack.

LiteFinance, a key player in the financial sector, recently hosted an awards ceremony to acknowledge and celebrate its exceptional partners. The event, marked by elegance and prestige, unveiled exclusive opportunities for the recognized collaborators.

The distinguished ceremony, held at a prominent venue, brought together industry leaders, stakeholders, and partners from various sectors. LiteFinance expressed gratitude for the pivotal role played by its partners, fostering collaborations that contribute to the company’s growth and success.

During the ceremony, LiteFinance highlighted the outstanding achievements of its partners, emphasizing their dedication, innovation, and commitment to excellence. The recognition bestowed upon these partners serves as a testament to their impactful contributions within the financial landscape.

LiteFinance executives took the opportunity to announce exclusive opportunities that will be extended to the recognized partners. These opportunities are anticipated to further strengthen the bonds between LiteFinance and its collaborators, creating a mutually beneficial environment.

The awards ceremony was a showcase of LiteFinance’s commitment to fostering a culture of excellence and collaboration within the financial industry. By recognizing and rewarding exceptional partners, LiteFinance aims to inspire continued innovation and drive towards shared success.

As the news of LiteFinance’s awards ceremony spreads across the financial sector, industry professionals are keenly observing the potential ripple effects. The exclusive opportunities unveiled are expected to generate heightened interest among businesses and organizations looking to collaborate with LiteFinance, amplifying the company’s influence in the market.

LiteFinance’s strategic approach to acknowledging and empowering its partners aligns with industry best practices, creating a positive ripple effect throughout the financial ecosystem. The awards ceremony serves not only as a celebration of past achievements but also as a catalyst for future collaborations and advancements within the dynamic landscape of finance.

NEW DELHI: The government has extended the customs duty exemption given to vessels engaged in laying submarine cables to September 30, giving relief to the telecom sector. The exemption was coming to an end on March 31. Industry body Cellular Operators Association of India (COAI) has lauded the move as telecom companies depend heavily on […]

The post Govt Extends Customs Duty Exemption To This Key Telecom Sector Segment first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: Several industry captains on Thursday lauded the interim budget, stating that it will support the country’s economic growth and enhance investors’ sentiments. ITC Ltd Chairman and MD Sanjiv Puri said the budget demonstrates India’s confidence as an economy of substance and immense promises. “The budget builds on the extraordinary vision of the prime minister […]

The post Interim Budget To Support Growth, Enhance Sentiment: Industry Captains first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak “Our Prime Minister firmly believes, we need to focus on four major castes,” said Union Finance Minister Nirmala Sitharaman in her Interim Union Budget 2024-25 speech – Garib (poor), Mahilayen (women), Yuva (youth), and Annadata (Farmer). Their needs, their aspirations, and their welfare are our highest priority, she claimed. However, in […]

The post Workforce, Women, And Youth Met A Raw Deal In The Interim Union Budget first appeared on Latest India news, analysis and reports on IPA Newspack.