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MUMBAI: Gaining from high credit off-take and lower credit costs, banks are likely to post 16.7 per cent year-on-year (Y-o-Y) growth in net profit during the third quarter of the financial year ended December 2023 (Q3 FY24). However, sequentially, net profit may shrink by 2.4 per cent over the second quarter ended September 2023 (Q2), […]

The post Banks’ Net Profit Likely To Grow By 16.7% In Q3 Due To High Credit Offtake first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Government-run Employees State Insurance Corporation (ESIC) has been consistently leading in providing social-security benefits by formalising the workforce in the organised sector. This has happened with high growth in coverage in recent years as compared to the Employees Provident Fund Organisation (EPFO), shows the government data. ESIC offers the primary government scheme that […]

The post ESIC Leads In Providing Social Security Benefits By Formalising Workforce first appeared on Latest India news, analysis and reports on IPA Newspack.

Alleging that a “jungle raj” is going on in West Bengal, Union Minister Sarbananda Sonowal on Monday said the law and order has “deteriorated” during the TMC rule in the state. Sonowal’s statement follows the recent uproar surrounding the assault on three Enforcement Directorate officials during a raid at the residence of a TMC leader […]

The post Union minister alleges it’s ‘Jungle Raj’ in Bengal first appeared on Latest India news, analysis and reports on IPA Newspack.

CHENNAI: Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada’s Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about Rs 378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate […]

The post Ambani Says Reliance-Brookfield To Open Data Centre Next Week first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country’s robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the […]

The post FPIs Infuse Rs 4,800 Crore In Equities On Strong Economic Confidence first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Market size of the Indian footwear industry can increase by over three times to USD 90 billion by 2030 provided a host of measures such as a ban on show imports, fiscal incentives, more design centres and Taiwanese contract manufacturers setting up shops in the country are taken, a report said on Sunday. […]

The post Footwear Industry To Hit $90 Billion Mark By 2030: Report first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Rural startups are making a strong pitch for new programmes to foster research and innovation, as the grassroots-level entrepreneurs seek support for streamlined supply chains, subsidies, improved infrastructure, and easy access to finance. As the Budget and the Lok Sabha elections draw closer, startups working in various sectors, especially in smaller towns and […]

The post Rural Startups Seek Better Infra, Easier Access To Funds first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee There is nothing to panic immediately about India’s current general government debt, for which the International Monetary Fund has warned that it may exceed 100 percent of the country’s gross domestic product (GDP) in the medium term, or by 2028. In its annual ‘Article IV’ consultation report, IMF said that long-term risks […]

The post India’s General Government Debt Needs To Be Controlled first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak As India heads towards General Election 2024, sharp rise in urban unemployment in December 2023 exposes again the falsehood of government’s narrative and propaganda regarding employment generation under the leadership of PM Narendra Modi. Though under the new narrative on the employment front on the eve of Lok Sabha Election 2024, […]

The post Urban Unemployment Rises Sharply In December 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India Inc’s earnings for the December 2023 quarter are expected to show strong growth on the back of good numbers from auto manufacturers, banks, capital goods makers, cement producers and residential real estate developers. In aggregate, companies are likely to report a high single-digit increase in profits when seen year-on-year, though the rise […]

The post India Inc May Report Good Numbers In Q3 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Borrowing by banks climbed last year, on average by as much as two-thirds in aggregate, as the central bank’s liquidity mop-up to tame consumer prices coincided with higher demand for credit and trailing deposit growth. HDFC Bank’s mid-July merger with mortgage-lending pioneer HDFC also caused borrowings to swell for mainstream lenders under the central […]

The post Bank Borrowings Increase By 67 Per Cent In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

All India United Democratic Front (AIUDF) supremo Badaruddin Ajmal on Sunday questioned girls students for wearing makeup. Addressing aspirants attending ‘Ajmal Super40 foundation program’ in Barpeta district of Assam, he said, “I have seen many girls wearing a full face of makeup. Why are you wearing lipstick and blush? Yaha koi hero aane wala hai […]

The post Ajmal frowns on lipstick, asks girls to get married first appeared on Latest India news, analysis and reports on IPA Newspack.

By Zoya Teirstein A 16-month-old boy was playing in a splash pad at a country club in Little Rock, Arkansas, this summer when water containing a very rare and deadly brain-eating amoeba went up his nose. He died a few days later in the hospital. The toddler wasn’t the first person in the United States […]

The post Global Warming Linked To A Spate Of Rare Disease Outbreaks In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

Bangladesh is set to vote in its 12th general election today amid a boycott and strike by the main opposition party. There have also been incidents of arson, including at least five schools and a train being set ablaze. Sheikh Hasina of the Awami League party has been the prime minister of Bangladesh since 2008 […]

The post Hasina likely to win 4th term as Bangladesh votes first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Electric Vehicle (EV) sales in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 35 per cent with annual volumes likely to touch 27.2 million units by 2032, a report said on Friday. The report, ‘India Electric Vehicle Market Overview 2023’, by energy advisory, software and services firm, Customized Energy […]

The post EV Sales In India Likely To Grow first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Pension Fund Regulatory and Development Authority (PFRDA) has sought a level-playing field for corporations in making contributions to the National Pension Scheme (NPS) so that they are at par with contributions made in provident fund (PF) for employees in respect of tax treatment. Currently, the tax exempt contribution is capped at 10 per […]

The post PFRDA Seeks Tax Parity For NPS Contributions With PF Contributions first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to […]

The post Markets Extend Gains On Foreign Fund Inflows first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s economy is likely to grow a better-than-expected 7.3% in FY24, faster than all major global economies, powered by a double-digit rise in investments, led by government spending, official data released on Friday showed. The first advance estimate of gross domestic product (GDP) is higher than the Reserve Bank of India’s 7% forecast […]

The post Economy Stays On Fast Track, Likely To Grow At 7.3 Per Cent In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong demand from both international and domestic markets spurred services sector activity to a three-month high in December, according to a private survey released Friday. The HSBC India Services Purchasing Managers’ Index ended 2023 at 59, higher than the previous month’s reading of 56.9, as per the survey conducted by S&P Global. PMI […]

The post Services Activity Accelerates To Three-Month High In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The United Nations World Economic Situation and Prospects Report 2024 on Friday revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2 per cent, compared to 6.7 per cent earlier. The report stated: “Economic growth in India is projected to remain strong at 6.2 per cent in 2024, […]

The post UN Report Revises India’s GDP Projection Downward To 6.2 Per Cent For 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.