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MUMBAI: After a decent show in Samvat 2079, which saw investor wealth surge by Rs 46 trillion, stock market experts are upbeat about the upcoming Samvat 2080. They believe that despite the volatile global landscape owing to ‘higher for longer’ rates, high bond yields, geopolitical conflicts and elevated oil prices, the mood may continue to […]

The post Consumption, Infrastructure Could Light Up Samvat 2080: Experts first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India on Thursday put the onus of long-term prosperity of the world oil market on OPEC and called upon the grouping of exporting countries to maintain market stability for the benefit of consumers, producers and global economy. At the 6th meeting of the Indian-OPEC Energy Dialogue in Vienna, oil minister Hardeep Singh Puri […]

The post Amid High Oil Prices, India Puts Onus Of Global Growth On OPEC first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Strong domestic demand is likely to sustain India’s economy in the near term, said Moody’s on Thursday as it kept the country’s growth forecast for 2023 and 2024 unchanged at 6.7 and 6.1 per cent. “Robust goods and services tax collections, surging auto sales, rising consumer optimism and double-digit credit growth suggest urban […]

The post Domestic Demand To Sustain India Growth In The Near Term, Says Moody’s first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: After a gap of eight months, India’s goods exports rose for the first time in October, driven by pharma and engineering exports. While official numbers are due to be released on November 15, preliminary data accessed by TOI estimated that exports went up by around 3% over last year’s level of $31.6 billion. […]

The post Goods Exports Rise For The First Time In Eight Months first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s Consumer Price Index (CPI) – based inflation likely fell to a five-month low of 4.8% in October from 5.02% in September, primarily due to the statistical effect of a high base and decline in prices of key vegetables, according to an FE poll of 15 economists. Core inflation is likely to remain […]

The post October CPI Inflation Seen At 5-Month Low Of 4.8 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions. New Delhi is considering a concessional tariff of 30% on 2,500 electric vehicles imported annually from […]

The post India Proposes Slashing EV Import Taxes To Clinch UK Free Trade Deal first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India should start putting trade barriers as a safeguard against rising steel imports, Dilip Oommen, CEO, ArcelorMittal Nippon Steel India, and President of the Indian Steel Association, said on Tuesday. According to Oommen, India happens to be in the “spotlight” as far as “economy and steel consumption” are concerned. And since this is […]

The post India Should Explore Trade Barriers As Safeguards Against Rising Steel Imports: Dilip Oommen, AMNS India, CEO first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) will likely exceed the budget estimate (BE) of Rs 43,000 crore for 2023-24 by close to Rs 20,000 crore, bridging partly the likely shortfall in disinvestment receipts. So far in the current financial year, around Rs 20,000 crore has been obtained through […]

The post CPSE Dividends To Centre To Exceed Budget Estimate By Rs 20,000-Crore In FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The National Coal Index (NCI) has registered an increase of 3.83 points to 143.91 for the month of September 2023, the coal ministry said in a statement on Tuesday. This marks the first rise in the index since April 2023, with a notable influence from the short-term escalation in global coal prices. The […]

The post National Coal Index Climbs For First Time Since April Amid Global Price Shifts first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Rising onion prices are unlikely to have a significant impact on inflation in October but may lead to inflation rising to near 6% levels in coming months, said economists. Onion prices rose nearly 75% in the first week of November compared with the previous month. “Alongside a rise in broader vegetable prices in […]

The post Economists See Onion Driving Inflation Near 6 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

According to steel industry body, ISA, India will continue to be the top export destination for coking coal in the foreseeable future. The local steel industry is being impacted by rising prices, and the Indian steel sector is looking for sustainable ways to use coking coal. India is the biggest importer of met coal. India […]

The post India To Remain Export Market For Coking Coal; Rising Prices Remain A Concern: Industry Body ISA first appeared on Latest India news, analysis and reports on IPA Newspack.

State-owned Hindustan Petroleum Corporation Ltd reported a consolidated net profit of Rs 5,826.96 crore in the quarter ended September, against a loss of Rs 2,475.69 crore in the same quarter last financial year. Improved marketing margins on the back of discounted Russian Urals and inventory gains even as the oil marketing companies (OMCs) kept the […]

The post HPCL Q2 Net At Rs 5,827 Crore On Strong Marketing Margins first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Steel Authority of India Ltd (SAIL) along with its other partners in International Coal Ventures Ltd (ICVL) is eyeing an investment of $150–200 million as a capacity ramp-up is planned across coal mines in Mozambique, Africa. The move is also aimed at de-risking coking coal supplies from global price and supply volatilities. Expansion […]

The post SAIL Eyes $150-200 Million Investments To Ramp Up Capacities At Mozambique Mines first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India is pulling out all the stops to get Elon Musk’s Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister’s Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the […]

The post India Looks To Fast-Track Tesla Approvals By January 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee Increasing secret business donations to political parties to help fight state and general elections threaten to harm India’s democratic system. The practice protects the anonymity of contributors. If France, one of the world’s most vibrant democracies, can ban political donations by business corporations, why do political parties in India need to raise […]

The post Anonymous Political Donations Are Harming India’s Democratic System first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reliance Industries Ltd and its partner bp plc of UK have reverted to oil indexation for pricing the gas they produce from India’s largest private-sector operated field in KG basin as they look to tap into the upside from the buoyant oil market. Reliance and bp in a tender have sought bids from […]

The post Reliance Returns To Oil Indexation For KG Gas, Seeks Buyers For 4 Mmscmd first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava It appears that Narendra Modi has lost his political sense and prudence; else how could he choose to launch a ruthless attack on the opposition, and even target a section of his own party, just while the Lok Sabha election was hovering on his head. This observation may appear to be quite […]

The post Modi More A Threat To His Own Party, Less Prime Danger To Opposition first appeared on Latest India news, analysis and reports on IPA Newspack.