Category: World

NEW DELHI: State-controlled Oil and Natural Gas Corporation (ONGC) has started oil production from its much-delayed flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, helping reverse years of decline in output, the company said. ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output. Oil […]

The post ONGC Starts Oil Production From Delayed $5 Billion Deep-Water Project first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: German luxury carmaker Mercedes-Benz will invest Rs 200 crore in India this year on new products, manufacturing operations and digitisation, to strengthen its position after posting record sales of 17,408 units in 2023, a top company official said on Monday. Mercedes-Benz India will have more than 12 launches in 2024, including three electric […]

The post Mercedes Benz Lines Up Rs 200 Crore Investment, To Launch Over 12 Products In 2024 first appeared on Latest India news,

By Nitya Chakraborty The seat sharing talks between the constituents of INDIA block have started in right earnest. Congress high command has finally understood the need for early clinching of the agreements between the INDIA partners taking into the specifics of the political situation in each state. It is a welcome development. To start with, […]

The post Congress-Left Seat Sharing In A Few States Will Be Positive For Lok Sabha Polls first appeared on Latest India news, analysis

By Kalyani Shankar Can the enormous popularity of Prime Minister Narendra Modi help the Bharatiya Janata Party (BJP) achieve electoral success in the southern states? The Party is seeking to gain more voters in the challenging southern region. Its presence is limited in states like Tamil Nadu, Kerala, Telangana, and Andhra Pradesh. Since it has […]

The post Despite Narendra Modi’s Big Thrust In South, BJP May Not Gain In Lok Sabha Polls first appeared on Latest India news,

By Stu Becker The World and Africa: An Inquiry into the Part Which Africa Has Played in World History by the legendary American communist historian W.E.B. DuBois argues that Africa’s great contributions to world civilization have been erased and ignored. DuBois argues that this is because of the transatlantic slave trade, which enslaved millions of […]

The post Legendary American Historian W.E.B. DuBoi’s Book ’The World And Africa’ Is Pathbreaking first appeared on Latest India news, analysis and reports

By Arun Srivastava If the unpredictable posture of Nitish Kumar has been the main factor for demoralising the INDIA constituents in Bihar, the propensity of RJD chief Lalu Yadav not to treat the Left parties as equals has further aggravated the situation to the point of turning the INDIA bloc suspect in the eyes of […]

The post Personality Clash Intensifies In INDIA Bloc Ahead Of Rahul’s Nyay Yatra first appeared on Latest India news, analysis and reports on

Rajasthan minister of state Surendra Pal Singh lost the election to the Karanpur assembly seat by a margin of 11,283 votes to his Congress rival on Monday, an embarrassing defeat for the BJP days after it formed government in the state. The BJP nominee was inducted into the Bhajanlal Sharma ministry on December 30, ahead […]

The post Poll loss

MUMBAI: Gaining from high credit off-take and lower credit costs, banks are likely to post 16.7 per cent year-on-year (Y-o-Y) growth in net profit during the third quarter of the financial year ended December 2023 (Q3 FY24). However, sequentially, net profit may shrink by 2.4 per cent over the second quarter ended September 2023 (Q2), […]

The post Banks’ Net Profit Likely To Grow By 16.7% In Q3 Due To High Credit Offtake first appeared on Latest India news,

NEW DELHI: As India and the four-member European Union Free Trade Association (EFTA) enter the final rounds of negotiations on a free trade agreement (FTA), the decision of Switzerland to bring down its import tariffs on industrial goods to zero has limited the gains that can be derived from the deal for New Delhi. Switzerland […]

The post Little Gains From FTA With EFTA After Swiss Move To Scrap Tariffs first appeared on Latest India news, analysis and reports

NEW DELHI: Rationalising the capital gains tax structure, stability in tax rates, and liberalising exemption from the angel tax provisions for strategic foreign direct investment (FDI) are among the key demands of India Inc from the upcoming Interim Budget. According to a document titled ‘EY’s point of view on Budget’, the industry also wants the […]

The post India Inc Seeks Tax Reforms, R&D Incentives In Upcoming Interim Budget: EY first appeared on Latest India news, analysis and reports

NEW DELHI: Government-run Employees State Insurance Corporation (ESIC) has been consistently leading in providing social-security benefits by formalising the workforce in the organised sector. This has happened with high growth in coverage in recent years as compared to the Employees Provident Fund Organisation (EPFO), shows the government data. ESIC offers the primary government scheme that […]

The post ESIC Leads In Providing Social Security Benefits By Formalising Workforce first appeared on Latest India news, analysis and reports on IPA

The Congress on Monday accused the BJP governments at the Centre and in Gujarat of helping in the premature release of convicts in the Bilkis Bano rape case and said the ruling party should apologise to the women of the country after the Supreme Court sent the convicts back to jail. Hailing the Supreme Court […]

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The Congress is excited about the Bharat Jodo Nyay Yatra beginning on January 14 from Manipur to Mumbai. The party hopes it rejuvenates its cadre which has been demoralised by three recent losses in state elections. But this excitement is not shared by its allies in the INDIA front. Samajwadi Party (SP) chief Akhilesh Yadav […]

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West Bengal Chief Minister Mamata Banerjee on Monday said that though Gangasagar Mela was “one of the best” religious congregations in the world, the Centre has not given it the due recognition. Banerjee said she has written several letters to the Centre in this connection and also to UNESCO seeking a heritage tag for the […]

The post Mamata

Alleging that a “jungle raj” is going on in West Bengal, Union Minister Sarbananda Sonowal on Monday said the law and order has “deteriorated” during the TMC rule in the state. Sonowal’s statement follows the recent uproar surrounding the assault on three Enforcement Directorate officials during a raid at the residence of a TMC leader […]

The post Union

CHENNAI: Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada’s Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about Rs 378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate […]

The post Ambani Says Reliance-Brookfield To Open Data Centre Next Week first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country’s robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the […]

The post FPIs Infuse Rs 4,800 Crore In Equities On Strong Economic Confidence first appeared on Latest India news, analysis and reports on

NEW DELHI: The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact. Both polypropylene and polyethylene, key raw materials for plastics, currently attract import tax (basic customs […]

The post Petrochemical Industry Opposes Oman FTA, Deal May Be Delayed first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Market size of the Indian footwear industry can increase by over three times to USD 90 billion by 2030 provided a host of measures such as a ban on show imports, fiscal incentives, more design centres and Taiwanese contract manufacturers setting up shops in the country are taken, a report said on Sunday. […]

The post Footwear Industry To Hit $90 Billion Mark By 2030: Report first appeared on Latest India news, analysis and reports on IPA

NEW DELHI: Rural startups are making a strong pitch for new programmes to foster research and innovation, as the grassroots-level entrepreneurs seek support for streamlined supply chains, subsidies, improved infrastructure, and easy access to finance. As the Budget and the Lok Sabha elections draw closer, startups working in various sectors, especially in smaller towns and […]

The post Rural Startups Seek Better Infra, Easier Access To Funds first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Discrepancies in computation of advance estimates of the country’s Gross Domestic Product for 2023-24 stood at Rs 2.59 lakh crore as against (-) Rs 3.80 lakh crore in 2022-23 and (-) Rs 4.47 lakh crore in 2021-22, according to National Statistical Office (NSO). On Friday, the NSO released its first advance estimates of […]

The post GDP Numbers For FY24 Show Discrepancies Of Rs 2.59 Lakh Crore first appeared on Latest India news, analysis and reports on

By Satyaki Chakraborty Israel’s Gaza war has entered its fourth month on January 7 this year leading to a death toll of more than 22,500.The entire Gaza strip has been devastated by the Israeli bombings. Apart, the Israel Defence Forces have targeted areas of both Lebanon and Iraq giving the war against the Palestinians a […]

The post Israel’s Gaza War Expands To Lebanon, Iraq; Enters Fourth Month first appeared on Latest India news, analysis and reports on IPA

By Nantoo Banerjee There is nothing to panic immediately about India’s current general government debt, for which the International Monetary Fund has warned that it may exceed 100 percent of the country’s gross domestic product (GDP) in the medium term, or by 2028. In its annual ‘Article IV’ consultation report, IMF said that long-term risks […]

The post India’s General Government Debt Needs To Be Controlled first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Increasingly, it seems that it is not the BJP per se, but the leaders of the constituents of the united opposition’s INDIA bloc are its worst enemies. While the core committee of the senior BJP leaders has been burning the midnight lamp finalising the list of the candidates, working out electoral strategy […]

The post Unpredictable Nitish Is Responsible For Weakening Of INDIA Bloc first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak As India heads towards General Election 2024, sharp rise in urban unemployment in December 2023 exposes again the falsehood of government’s narrative and propaganda regarding employment generation under the leadership of PM Narendra Modi. Though under the new narrative on the employment front on the eve of Lok Sabha Election 2024, […]

The post Urban Unemployment Rises Sharply In December 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

NCP leader and Maharashtra Deputy Chief Minister Ajit Pawar on Sunday took a veiled jibe at his uncle Sharad Pawar over his age, saying some people are not ready to retire even though they are in their 80s. “Employees of Maharashtra government retire at the age of 58. Most people normally stop their active professional […]

The post Ajit’s uncharitable jibe

NEW DELHI: India Inc’s earnings for the December 2023 quarter are expected to show strong growth on the back of good numbers from auto manufacturers, banks, capital goods makers, cement producers and residential real estate developers. In aggregate, companies are likely to report a high single-digit increase in profits when seen year-on-year, though the rise […]

The post India Inc May Report Good Numbers In Q3 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Defence Minister Rajnath Singh will leave on Monday for a two-day visit to London, underscoring India’s growing defence relations with the United Kingdom (UK). He will be accompanied by a high-level Ministry of Defence (MoD) delegation, comprising senior officials from the Defence R&D Organisation (DRDO), service headquarters and the Department of Defence Production. […]

The post Rajnath Singh To Talk Defence Production In A Two-Day Visit To London first appeared on Latest India news, analysis and reports

NEW DELHI: The government’s dividend collection from non-financial central public sector enterprises (CPSEs) and other investments in this financial year could amount to about ₹55,000 crore, more than a quarter higher than the budgetary target of ₹43,000 crore, said a senior official. However, the Centre could reduce its combined disinvestment and dividend (from non-financial CPSEs) […]

The post Centre May Rake In Rs 55,000 Crore In Dividends From Key CPSEs first appeared on Latest India news, analysis and reports

MUMBAI: Borrowing by banks climbed last year, on average by as much as two-thirds in aggregate, as the central bank’s liquidity mop-up to tame consumer prices coincided with higher demand for credit and trailing deposit growth. HDFC Bank’s mid-July merger with mortgage-lending pioneer HDFC also caused borrowings to swell for mainstream lenders under the central […]

The post Bank Borrowings Increase By 67 Per Cent In 2023 first appeared on Latest India news, analysis and reports on IPA Newspack.

Prime Minister Narendra Modi’s Lakshadweep visit last week conjured up a debate on the internet after Maldives minister Abdulla Mahzoom Majid, in a social media post, claimed that India is shifting focus from the Maldives by promoting Lakshadweep as another tourist spot. “Recently, I had the opportunity to be among the people of Lakshadweep. I […]

The post Opposition slams

The ruling BJD and opposition BJP were working against Odisha’s self-esteem by involving “outsiders” in the state’s affairs, senior Congress leader Ajoy Kumar alleged on Sunday. Raising the slogan of “Odisha for Odias”, he claimed that “outsiders” were now playing a bigger role in the state’s politics, economy and bureaucracy while the importance of Odias […]

The post Cong

Rashtriya Lok Dal (RLD) chief Jayant Chaudhary on Sunday said that if the INDIA bloc comes to power after the upcoming Lok Sabha Polls, the first thing it would do is abolish the Agniveer scheme. Jayant Choudhary, who was addressing a ‘Youth Parliament’ organised by RLD at the Sai Dham Colony grounds, said, “If India’s […]

The post RLD

All India United Democratic Front (AIUDF) supremo Badaruddin Ajmal on Sunday questioned girls students for wearing makeup. Addressing aspirants attending ‘Ajmal Super40 foundation program’ in Barpeta district of Assam, he said, “I have seen many girls wearing a full face of makeup. Why are you wearing lipstick and blush? Yaha koi hero aane wala hai […]

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