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By Anjan Roy The Indian stock market is looking like unstoppable, for now. The equity markets are scaling new heights and along with that, the investors are reaping riches. The BSE Sensex has increased by close to 1000 points in intra-day trading on Friday. The NSE index has climbed by close to 300 points. The […]

The post Steep Rise In Indian Stock Markets Is Based On Positive Outlook In Both Domestic And Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

Ayodhya in Uttar Pradesh is set to witness a huge rush of pilgrims on January 22 for the grand opening of the Ram Mandir – when a new idol of ‘Ram Lalla’ will be placed in the sanctum sanctorum or ‘garbhagriha’ of the temple. It’s a dream come true for many in the country. People […]

The post Ram Mandir official urges devotees to skip temple opening first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Breaking the seven-month-long deflationary streak, India’s Wholesale Price Index (WPI)-based inflation rate turned positive in November. The data released by the Ministry of Commerce and Industry on Thursday showed that the inflation in factory gate prices touched an eight-month high of 0.26 per cent in November, up from minus 0.52 per cent in […]

The post WPI Inflation At 8-Month High In November first appeared on Latest India news, analysis and reports on IPA Newspack.

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices. Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen […]

The post After Bumper Years, Oil Demand Growth In Indian Market To Taper In 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Global markets are abuzz with activity, with their spirits buoyed by the US Federal Reserve’s dovish pivot. With stock prices soaring, the 10-year US Treasury yield — a gauge of risk appetite — has dipped below 4 per cent and investors are recalibrating their expectations, anticipating more aggressive rate cuts than previously forecasted. The […]

The post Markets Soar On Dovish US Federal Reserve, Sensex Settles Atop 70,000 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) have crossed Rs 39,000 crore so far, which is over 90% of the target for the current financial year, boosting its non-tax receipts. The dividend receipts of Rs 39,086 crore so far in FY24 were over 11% higher than the corresponding period […]

The post Centre’s Dividends From CPSEs Cross 90% Of Annual Target first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy It was a contradiction in terms. One of the largest producers of fossil fuels, UAE, was hosting the UN talks on limiting use of such fuels to cut down CO2 emissions and thereby help keep earth’s temperature rise within the stipulated 1.5 degrees above pre-industrial levels.   At the end of the […]

The post COP28’s Agreed Document Is A Bundle Of Contradictions On Major Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s steel mills have again held back on export offers, apart from the European Union, for three months now given stiff competition from China that continues to be 10-20 per cent lower-than-expected market rates. Mills here placed the last export offers at $660 per tonne (for benchmark hot rolled coils) against which the […]

The post Indian Steel Mills Continue To Hold Back Export Offers To South East Asia, Middle East In December, Green Shoots Seen In EU first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Benchmark equity indices declined in early trade on Wednesday amid a sluggish trend in Asian markets and cautious approach adopted by investors ahead of the US Fed interest rate decision. Also, retail inflation rising to a three-month high of 5.55 per cent in November added to the weak trend in equities. The 30-share BSE […]

The post Markets Trade Lower In Early Trade; US Fed Interest Rate Decision Eyed first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s retail inflation inched up to a three-month high of 5.6% in November from 4.9% in the previous month, while industrial production rebounded to a 16-month record of 11.7% in October, aided by a festive surge and a favorable base, official data released Tuesday showed. Interest rates are likely to stay where they […]

The post Retail Inflation At 3-Month High; Factory Activity Rebounds first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fiscal prudence is the top priority of the government, but won’t compromise on social welfare, Finance Minister Nirmala Sitharaman said on Tuesday, while seeking the Lok Sabha’s nod for additional spending, including Rs 20,000 crore for the jobs guarantee programme, and Rs 16,300 crore for fertiliser subsidy in FY24. The lower house approved […]

The post Fiscal Prudence Top Priority, Economy On The Right Track: FM first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the Producer Price Index (PPI) in India to replace the Wholesale Price Index (WPI) and their recommendations are awaited, a senior official said Monday. “The working group submitted the report some time back. It (the entire issue […]

The post India May Switch From WPI To New Index first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. “In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. Indian inflation […]

The post Market To Focus On Macro Data, Global Trends: Analysts first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Propelled by a surge in vegetable prices, India’s retail inflation, based on the Consumer Price Index (CPI), likely rose to a three-month high of 5.7% in November from 4.87% in October, according to a poll of 17 economists by FE. In November 2022, the retail inflation was at 5.88%. The estimates in the […]

The post November CPI Inflation Seen At 3-Month High Of 5.7 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: To curb retail food prices, the government has announced a host of measures including ban on export of onion till the end of current fiscal, duty-free import of yellow peas, additional limits on stocking of wheat and allocation of additional quantities of the grain under the open market sale to bulk buyers from […]

The post Government Pays Heed To RBI, Moves To Rein In Food Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India (RBI) Friday held interest rates and its monetary policy stance for the fifth consecutive review meeting on moderating price pressures, but signaled that rates will remain elevated to ensure consumer inflation retreats toward the central bank’s legally mandated target. It also bumped up the economic growth forecast for FY24 […]

The post RBI Holds Rates Again, Bumps Up FY24 Growth Forecast To 7 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

The central bank’s decision to keep the repo rate unchanged at its bi-monthly meeting on Friday may encourage potential buyers of homes, cars and durable products to take the sales plunge, executives at top companies said. “Today’s RBI monetary policy announcement is a good boost to industry confidence. The upward revision of GDP growth rate, […]

The post India Inc Says Rate Pause May Spur Demand first appeared on Latest India news, analysis and reports on IPA Newspack.