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NEW DELHI: After repeated criticism of project planning in several infrastructure projects, the Ministry of Road Transport and Highways on Friday revised the framework of evaluating bids for project plans prepared by consultants for National Highway projects. Under the new framework, deficiencies in the work done by consultants will feature prominently in the bid evaluation […]

The post Technical Norms For Road Planners Get Stricter, To Get Higher Priority first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s central bank today left its inflation forecast for this fiscal year unchanged at 5.4%, despite food price rise concerns, uncertainty around crude costs even amidst a recent slump and chances of domestic growth momentum creating demand pressure on inflation. The Reserve Bank of India left the inflation aim unchanged at 5.4% and expects it […]

The post Reserve Bank Leaves Inflation Projection For FY24 Unchanged At 5.4% first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Advent International, the US private equity firm behind some of the biggest leveraged buyouts and conglomerate carve-outs, including the €17.2-billion acquisition of Thyssenkrupp’s elevator business in 2020 along with co-investors and the €1.8 billion joint takeover of Royal Bank of Scotland’s payments business, Worldpay, believes India is among the world’s most attractive markets where […]

The post Advent Looking To Deploy $5 To $10 Billion In India Over The Next Five Years first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Retail inflation has come down to within the tolerance band due to steps taken by the government to check price rise in essential commodities, especially in perishable commodities, finance minister Nirmala Sitharaman told Rajya Sabha on Tuesday. Replying to a question in the Rajya Sabha, Sitharaman said that steps are being taken now […]

The post Inflation Within Tolerance Band Due To Government Steps: FM Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Retail credit slowed down in the second quarter of FY24, data from TransUnion Cibil showed. There has also been a marked increase in defaults in personal loans and credit cards during the same time period.This deceleration in retail loan growth stems from a lack of growth in home loan disbursements during the period, due […]

The post Drop In Home Loan Demand Hits Q2 Retail Credit Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Leading FMCG companies are betting on a gradual recovery in rural demand this year on the back of improving macroeconomic conditions, continued government spending and price cuts. Many companies said the industry continued to witness sluggish rural demand in the December quarter with the urban consumption continuing to outpace rural demand. On the […]

The post FMCG Companies Betting On Gradual Rural Demand Recovery This Year 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: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5% higher than Rs 1.12 lakh […]

The post ONGC, IOC, Other Oil PSUs To Invest Rs 1.2 Lakh Crore In FY25 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.

By P. Sreekumaran THIRUVANANTHAPURAM: There is no change in the Budget script as far as Kerala is concerned. It has been an unredeeming tale of severe neglect from the Union Government, repeated ad nauseum over the years. For once, both the ruling Left Democratic Front (LDF) Government and the Congress-led opposition United Democratic Front (UDF) […]

The post Raw Deal Again To Kerala In 2024-25 Union Budget first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark equity indices were on fire on Friday, with the Nifty hitting its all-time high level, tracking a rally in global markets along with buying in Reliance Industries, Infosys and ICICI Bank. A day after the presentation of interim budget, the Nifty jumped 429.35 points to reach its lifetime peak of 22,126.80. The 30-share […]

The post Nifty hits all-time high level; Sensex jumps over 1,400 points first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: When Union Finance Minister Nirmala Sitharaman rose to present the Interim Budget on Thursday, it was an open question as to whether it would focus on consolidating the gains made in recent years on fiscal consolidation, or move towards full-throated populism in anticipation of general elections in the next few months. The answer […]

The post FM Sitharaman’s Interim Budget Is High On Confidence, Not On Populism first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) on Wednesday barred Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29 this year, citing “persistent non-compliance” and “material supervisory concerns”. In March 2022, the regulator barred Paytm Payments Bank from taking in new customers. The company, with One97 Communications as its parent, […]

The post RBI Bars Paytm Payments Bank From Carrying Out Transactions Starting February 29 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Proactive inflation management has helped keep the country’s inflation within the manageable range, Finance Minister Nirmala Sitharaman said while presenting the interim Budget on Thursday. She also said that the inflation has moderated. The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4 per cent […]

The post Proactive Inflation Management Helps Keep Inflation Within Manageable Level, Says FM Nirmala Sitharaman first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Companies are bracing for further litigation, questioning the methodology used by the National Anti-Profiteering Authority (NAA), while arguing that the agency did not look at the overall costs before seeking a price cut in cases where GST or the total indirect tax was lowered. On Monday, the Delhi High Court had upheld the […]

The post Companies Gear Up For Litigation On GST Anti-Profiteering Clause first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s import of crude oil reached a multi-year high of 4.9 million barrels a day in January and increased 13% from December 2023, according to data from energy cargo tracker Vortexa. Indian refiners cumulatively had imported 4.3 million barrels a day in December. The country imported 1.20 million barrels a day of Russian […]

The post Iraq Oil Supplies To India Surge first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Finance ministry on Monday said the Indian economy has remained resilient amid global headwinds on the back of robust domestic demand, an investment-led strategy due to a transformed climate and high level of public spending, macro-economic stability, apart from a spate of reforms initiated by government over the last 10 years. A review […]

The post Government, RBI Measures Have Kept Inflation In 2-6% Range: Finance Minister first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Builders are constructing bigger homes to meet consumers’ demand as the average size of flats rose 11 per cent last year across seven major cities, according to Anarock. Real estate consultant Anarock has analysed the fresh supply of housing units during 2023 across the primary residential market of seven major cities. The data […]

The post Average Flat Size Expands 11 Per Cent In Top 7 Cities first appeared on Latest India news, analysis and reports on IPA Newspack.