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By K Raveendran A Saudi decision to extend its voluntary oil production cut to the end of the year has passed off as a non-event, with the oil markets shrugging off the decision as of little consequence to the current demand-supply situation in the global market. The kingdom said on Sunday it will continue its […]

The post Saudi Oil Cut Extension Fails To Boost Prices Despite Continuing Gaza Conflict first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government is considering the divestment of 5-10% stake in public sector lenders in which it currently holds over 80% equity. A detailed roadmap is expected to be firmed up soon, said people with knowledge of the matter. Government ownership exceeds 80% in six state-run banks – Bank of India, Indian Overseas Bank, […]

The post Govt Looks To Offload 5-10 Per Cent In Some Public Sector Banks first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s consumer price index (CPI)-based retail inflation rate declined for the second consecutive month to a five-month low in October, providing relief to the government on the macroeconomic front as the long festival season is underway. Data released by the National Statistical Office on Monday showed that retail inflation eased to 4.87 per […]

The post Retail Inflation Falls Again In October, Hits 5-Month Low Of 4.87 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A majority of big investors in the stock market continued to increase their wealth and beat the benchmark indices successfully in the past year. An analysis of the portfolios of eight top investors revealed that the value has increased in the range of 15% to 101% for seven investors this Diwali, as compared to […]

The post Big Investors Continue To Accumulate Wealth first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s $30 billion poultry industry need policy support in the form of allowing import of genetically modified (GM) maize and steps to boost production of key feeds, including soya bean, a recent report said. The sector, which is already growing at a healthy rate of 8% annually could see further acceleration, it added. […]

The post CII Unveils Vision 2047 For Fast-Growing Poultry Industry first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Sanjeev Sanyal, member of the Prime Minister’s Economic Advisory Council, thinks given the strengths of India’s macroeconomic fundamentals, its sovereign rating should be “at least two notches higher” than the current level (lowest investment grade). According to him, by around 2030, Indian rupee will be an international hard currency, since many steps have […]

The post By Around 2030, Indian Rupee Will Be A Global Hard Currency: Sanjeev Sanyal first appeared on Latest India news, analysis and reports on IPA Newspack.

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.

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: 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.