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Congress leader Shashi Tharoor on Thursday sustained an online war of words with civil aviation minister Jyotiraditya Scinida over chaos at the Delhi airport due to fog-related flight delays, and told him that it is a pity that he has adopted the Narendra Modi-led government’s “uncaring attitude” since switching sides. In his fresh salvo at […]

The post Tharoor, Scindia in war of words over airport chaos first appeared on Latest India news, analysis and reports on IPA Newspack.

The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC’s expectations. The Paris-based agency’s forecast, its third consecutive upward revision in as many months, predicts that global oil consumption will rise by 1.24 million barrels per […]

The post IEA Raises 2024 Oil Demand Forecast Again, This Time By 180,000 bpd first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve Bank of India’s (RBI’s) state of […]

The post Inflation Needs To Align With Target By Second Quarter: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: Ecommerce sites had seen a significant dip in sales volume in December immediately after the end of the festive season, triggering growth concerns among online marketplaces and brands, according to industry executives. The ongoing Republic Day sales, however, have brought some respite to online shopping platforms, with a spike in consumption demand as per […]

The post Ecommerce Clicks Dip In December, Trigger Growth Concerns first appeared on Latest India news, analysis and reports on IPA Newspack.

DAVOS: The global leadership is convinced that Prime Minister Narendra Modi will return to office after this year’s elections and is looking for the continuity of policy and social sector reforms put in place by him, Union Minister Smriti Irani said on Wednesday. In an interview to PTI at the World Economic Forum Annual Meeting […]

The post Global Leadership Also Convinced Of PM Modi’s Return To Office: Smriti Irani first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark Sensex nosedived 1,628 points or 2.23 per cent on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares triggered by weak global trends. The 30-share BSE Sensex plunged 1,628.01 points or 2.23 per cent to settle at 71,500.76 with 24 of […]

The post Stock Markets In Free-Fall: Sensex Tanks 1,628 Points On Sharp Losses In Banking, Oil Shares first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The interim budget 2024-25 will likely allocate Rs 2.8-3 trillion for the Railways to keep its capex momentum intact, compared with Rs 2.4 trillion provided in the 2023-24 (Budget Estimate). This would mean that the transporter which makes little operational surplus would not have to resort to market borrowings for the third year […]

The post Indian Railways May Get Budget Outlay Of Rs 3 Trillion In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent, Governor Shaktikanta Das said on Wednesday. “At this stage, our expectation is that […]

The post CPI Inflation To Average 4.5% In Fy25, Growth To Top 7%: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A precipitous decline in shares of HDFC Bank, the most heavyweight component of the Nifty and the Sensex, on Wednesday, triggered the worst day for the domestic markets in nearly a year and a half. The Sensex closed at 71,501, shedding 1,628 points or 2.2 per cent, marking the most significant decline since June […]

The post HDFC Bank Slide Triggers Worst Day For Market In Last 18 Months first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Worldwide IT spending is expected to total $5 trillion in 2024, an increase of 6.8 per cent from 2023, according to the latest forecast by Gartner. This is down from the previous quarter’s forecast of 8 per cent growth. However, within the total IT spend, IT services have become the largest segment and […]

The post IT Services Emerge As Top Segment In Global IT Industry Spending: Gartner first appeared on Latest India news, analysis and reports on IPA Newspack.

DAVOS: Union minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an orderly manner to safeguard the interests of its large population. Puri, the minister for petroleum and natural gas as well as housing […]

The post India Can Become $5 Trillion Economy Much Before 2028: Hardeep Singh Puri first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business […]

The post Hospitality, Travel Sector Players Want Infrastructure Status For Hotel Industry first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government may extend the concessional 15 per cent income tax rate for corporates to set up new manufacturing units by one year till March 31, 2025, to encourage private investments, EY said in its 2024 Budget expectation report. Finance Minister Nirmala Sitharaman is scheduled to present the interim Budget for 2024-25 on […]

The post Government May Extend Concessional 15 Per Cent Tax For New Manufacturing Units By One Year: EY first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The domestic insurance sector is on course to log in over 7 per cent annual growth over the next decade and the premium income is likely to double to around USD 450 billion by financial year 2033-34, an industry report said on Tuesday. The total premium income will more than double over the next […]

The post Insurance Sector Premium Income To Double By FY34 To Around $450 Billion: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) governor, Shaktikanta Das, said on Tuesday that retail inflation is slowly moderating and is steadily moving towards the target of 4 per cent. During a fireside chat at the World Economic Forum in Davos, Das stated that core inflation has started to move down, which gives confidence that […]

The post Inflation Moderating, Steadily Moving Towards 4% Target: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: A significant majority of Indian chief executive officers (CEOs) are of the opinion that the Indian economy will witness improvement over the next 12 months, as the country reclaimed its fifth position as an investment destination, according to a survey. According to PwC’s 27th Annual Global CEO Survey, 86% of Indian CEOs express […]

The post Indian CEOs Optimistic About Country’s Economic Growth: Survey first appeared on Latest India news, analysis and reports on IPA Newspack.

Fitch has affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook citing a robust medium-term growth outlook and sound external finances. The agency, however, flagged the country’s weak public finances as the “largest constraint” to the rating. The rating agency revised its growth projection for FY24 to 6.9% from the 6% forecast earlier. Fitch […]

The post Fitch Affirms India Rating At ‘BBB-’ With Stable Outlook first appeared on Latest India news, analysis and reports on IPA Newspack.

Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 with […]

The post SBI, BoB Among PSBs Pushing Bond Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

DAVOS: India has been ranked 35th on a global index of countries best placed for leveraging future possibilities while the UK topped the list released here on Monday. The Future Possibilities Index (FPI), a flagship global future trends study released by Newsweek Vantage and Horizon Group on sidelines of the World Economic Forum Annual Meeting, […]

The post India Ranked 35th For Leveraging Future Possibilities; UK On Top first appeared on Latest India news, analysis and reports on IPA Newspack.