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NEW DELHI: India will become the world’s third-largest economy, overtaking Germany and Japan, by 2030 on the strength of its youthful demographic profile and rapidly rising urban household incomes, S&P Global Market Intelligence has projected. Now India is in fifth position. That will result in India becoming the second-largest economy in the Asia-Pacific region, after […]

The post India Set To Be World’s Third-Largest Economy By 2030, Says S&P Global first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav The cryptocurrency market is going through a prolonged winter, and very few things seem to be going in its favor, especially from the point of view of dramatic rise in prices and sky-high valuations of crypto coins. However, the cryptocurrency space is witnessing developments of far-reaching significance. For example, the United […]

The post Cryptocurrency Winter Could Transition To Spring As Early As 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Senior officials from the World Trade Organisation (WTO) member countries are meeting in Geneva from Monday to lay the groundwork for the next ministerial conference of the global trade regulating body which will involve reviewing the status of progress on the decisions of the previous ministerial conference and reforms in the global trade […]

The post Food Stock-Holding, E-Commerce Tax On Wto Meet Agenda first appeared on Latest India news, analysis and reports on IPA Newspack.

By K R Sudhaman All is not well with India’s exports this financial year and the global uncertainties has made matters worse when one reads between the lines the data of exports of goods and services in the first half of this financial year 2023-24. This meant that India’s dream of achieving $ 1 trillion […]

The post India’s Foreign Trade Has Hit A Bump In The Face Of Global Uncertainties first appeared on Latest India news, analysis and reports on IPA Newspack.

By C.J. Atkins WASHINGTON—Playing the part of classic Cold Warrior in his Thursday night Oval Office speech, President Joe Biden made a sales pitch for a permanent war economy, using democracy as a prop to convince the American people that he needed $105 billion to spend on weapons for Israel, Ukraine, and—unmentioned in his remarks—Taiwan. […]

The post Biden’s Israel-Ukraine Money Appeal Envisions War-Based Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said. “Interest rates will remain high. How long they will remain […]

The post Interest Rates Will Stay High For Now: RBI Governor first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: The Reserve Bank of India (RBI) is likely to hold repo rates steady for a long period as easing of core inflation and high real interest rates provide comfort, but frequent volatility in food prices – albeit transient – requires monetary policy makers to be vigilant, according to the minutes of the monetary policy […]

The post RBI Cautious On Future Price Shocks, May Hold Repo Steady first appeared on Latest India news, analysis and reports on IPA Newspack.

India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another senior person at a state-owned oil […]

The post India Pushes Back Against Russia’s Demands To Pay For Oil Imports In Yuan first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran With signs of a wider conflict in the Middle East becoming stronger by the day, oil market analysts are keeping their fingers crossed over how the evolving scenario is going to shape the future of oil as well as the global economy. As Israel pushes ahead with its Gaza action, bombing more […]

The post Threat Of A Wider Conflict Keeps Oil Market Analysts In A Discomforting Guessing Game first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Lower costs and better realisation helped the Sajjan Jindal-led JSW Steel post a net profit of Rs 2,773 crore in the September quarter, against a net loss of Rs 915 crore registered in the same period last year. Income increased 7 per cent to Rs 44,821 crore (Rs 41,966 crore), while total expenses dropped […]

The post JSW Steel Q2 Net Profit At Rs 2,773 Crore On Lower Cost, Better Realisation first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The Reserve Bank of India’s (RBI’s) ‘State of the Economy’ report has flagged the US dollar’s continued strengthening as a global risk. This will further tighten financial conditions, according to the report, despite India adding more to its foreign exchange (forex) reserves than any other major country holding forex reserves. “Even as energy importers […]

The post Strengthening US Dollar Is A Global Risk: RBI Paper first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government on Thursday sought to allay the concerns over the decision to put imports of certain computer hardware in restricted category, with mandatory licensing, by coming up with a liberal authorisation process. In what would provide relief to the importers, which include the likes of Apple, Dell, HP and Samsung, the new […]

The post No Caps Or Country-Specific Curbs Under New Laptop Import Policy first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The stock market faced a daunting challenge as it opened in the red on Friday, failing to sustain the initial optimism and slipping into negative territory. The benchmark Sensex was down by 182.36 points, opening at 65,446.88, while the Nifty dropped 59.60 points, initiating the day at 19,566.80. At the time of market opening, […]

The post Red Opening Marks A Challenging Start For Indian Stock Market Amidst Global Headwinds first appeared on Latest India news, analysis and reports on IPA Newspack.

Retailers in India leased nearly 4.73 million square feet of space across top cities in the first nine months of 2023, overcompensating for the slow expansion during the pandemic years. Leasing between Jan and September was even higher than the entire 2022. While top companies including Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), D’Mart, […]

The post Retail Leasing Grew By 46% Year-On-Year During January-September 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU/CHENNAI (Reuters) – Nestle India (NEST.NS) on Thursday reported quarterly earnings above estimates on higher demand for its chocolates and Maggi instant noodles and also said its board approved a stock split. Profit increased to 9.08 billion rupees ($109.06 million) for the third quarter ended Sept. 30 from 6.61 billion rupees a year earlier, the […]

The post Nestle’s India Business Beats View On Price Hikes, Strong Domestic Demand first appeared on Latest India news, analysis and reports on IPA Newspack.

The Commission for Agricultural Costs and Prices (CACP) has called for a review of the government’s open-ended grain procurement policy to restrict rice and wheat purchase from the farmers for the meeting requirement under the National Food Security Act. The open ended procurement policy for rice and wheat has resulted in accumulation of huge stocks […]

The post Review Open-Ended Grain Procurement: CACP first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: There is still some way until India’s dependence on imports of active pharmaceutical ingredients (APIs) and intermediates from China reduces, but the growth rate of imports has come down. While the production-linked incentive (PLI) scheme for bulk drugs (APIs) has boosted local production of some key APIs here, industry insiders say it would take […]

The post Bulk Drug Imports From China Slow, Shows Data first appeared on Latest India news, analysis and reports on IPA Newspack.