Category: World

NEW DELHI: The central public sector enterprises (CPSEs) and large government agencies present in the infrastructure sector like the NHAI and the Railways have invested Rs 4.28 trillion or 58.4% of their combined annual capital expenditure target in April-October of the current financial year, supporting the public capex-led economic growth revival. On an annual basis, […]

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BENGALURU: Fair Isaac, the US-based data and analytics company better known as FICO, on Tuesday launched its cloud-based platform in India. Indian banks like HDFC Bank, Axis Bank, and AU Small Finance Bank are among the early adopters set to elevate customer satisfaction and drive innovation in the banking sector. FICO Platform brings to market […]

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India and the UK have begun crunch-time talks to secure a landmark free-trade deal, as leaders on both sides seek to resolve outstanding issues before they face election battles next year. A UK team — including Amanda Brooks, director general for trade negotiations, and Douglas McNeill, chief economic adviser to the prime minister — is […]

The post India, UK Seek To Wrap Up Trade Negotiations Before Busy Election Year first appeared on Latest India news, analysis and reports

NEW DELHI: Solar power generation capacity can go up to 75,000 gigawatts by 2050 globally with long-duration storage capacity, a report by the International Solar Association (ISA) and LDES Council, said. The report released on Tuesday by ISA and the Long Duration Energy Storage (LDES) Council unveils a bold vision for the future of renewable […]

The post Solar Power Potential 75,000 GW By 2050 Possible With Long-Duration Storage: Report first appeared on Latest India news, analysis and reports

A DMK MP’s ‘Gaumutra states’ remark in Parliament has added fuel to the ‘North vs South’ debate that has been raging since the BJP’s poll wins in the heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh and the Congress’s victory in Telangana. The BJP’s critics claim it is the Hindi heartland where its ideology finds […]

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NEW DELHI: The government is learnt to have resolved to allow foreign direct investment (FDI) in inventory-based models of e-commerce, subject to the rider that these will be solely aimed at export markets. According to an official source, while the key ministries of finance and commerce & industry have come to a common position this […]

The post Export-Linked E-Tailing May Get FDI Support first appeared on Latest India news, analysis and reports on IPA Newspack.

KOLKATA: The telecom secor recorded 1.75% sequential growth in adjusted gross revenue (AGR) in the April-June quarter, during which Bharti Airtel and Reliance Jio saw a rapid uptake of 5G services, further accelerated by sporting events like the Indian Premier League (IPL). The latest data released by the Telecom Regulatory Authority of India (Trai) on […]

The post Telecom Sector AGR Grows 1.75 Per Cent To Over Rs 65,000 Crore In Q1 first appeared on Latest India news, analysis

NEW DELHI: India’s service activity moderated to a one-year low in November, owing to a slowdown in new work orders and overall output, a private survey published Tuesday said. However, the print showed continued expansion in the broader economy that surprised on the upside in the second quarter. The seasonally adjusted S&P Global India Services […]

The post November Services Activity At 1-Year Low As New Orders & Output Shrink first appeared on Latest India news, analysis and reports

MUMBAI: Insurance behemoth Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence. The state-owned insurer is ranked after Allianz SE, China Life Insurance Company and Nippon Life Insurance Company. […]

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After taking steps towards framing accounting standards for Limited Liability Partnerships (LLPs), the CA Institute has now released an exposure draft for the proposed auditing standards on LLPs. The CA Institute’s Auditing and Assurance Standards Board (AASB), which has issued the exposure draft, has invited public comments by January 6, sources said. The Limited Liability […]

The post Proposed Auditing Standards For LLPs: CA Institute Seeks Public Comments By January 6 first appeared on Latest India news, analysis and

MUMBAI: Adani Green Energy has raised $1.36 billion from eight international banks as construction facility, taking its total funding pool to $3 billion since the initial project financing started in March 2021. The company said the funds raised would be used in developing the 17GW renewable energy park at Khavda in Gujarat, with an initial […]

The post Adani Green Raises $1.36 Billion In Construction Finance From 8 Global Banks first appeared on Latest India news, analysis and reports

The fates of one-time Congress rebels Sachin Pilot and TS Singh Deo could not have been more different. Deo, the outgoing deputy chief minister of Chhattisgarh, lost the Assembly election from Ambikapur constituency. Pilot, meanwhile, retained Tonk in Rajasthan by a wide margin and also ensured most of his loyalists won their seats too. This […]

The post Gehlot

NEW DELHI: India’s overall unemployment rate in November fell to 9.16% from a 29-month high of 10.05% in October, on account of a decline in unemployment in rural areas amidst the rabi-sowing season, according to data from the Centre for Monitoring Indian Economy (CMIE). The rural unemployment rate eased to 9.05% in November from 10.82% […]

The post Unemployment Rate Falls In November As Farm Sector Boosts Rural Jobs first appeared on Latest India news, analysis and reports on

Renewable energy firm ReNew Energy Global Plc has inked an initial pact with the Asian Development Bank (ADB) for a funding of USD 5.3 billion.”The MoU was signed at COP28, Dubai by ReNew’s Founder, Chairman and CEO, Sumant Sinha and Suzanne Gaboury, Director General, Private Sector Operations Department, ADB,” a company statement said.According to the […]

The post ReNew Inks Initial Pact With Asian Development Bank For USD 5.3 Billion Funding first appeared on Latest India news, analysis and

Finance Minister Nirmala Sitharaman on Monday ruled out any relaxation to the existing terms for the borrowing capacity of state governments, including Kerala for 2023-24. Kerala has requested the Centre to allow an additional borrowing equivalent to 1% of Gross State Domestic Product (GSDP) over and above the borrowing ceiling fixed for 2023-24. In a […]

The post No Relaxation In Borrowing Limits For Kerala, Other States: Finance Minister first appeared on Latest India news, analysis and reports on

India’s consumption of Liquefied Natural Gas (LNG) is expected to rise further in the coming months on the back of growing demand from the fertiliser and power industries, analysts say. Anticipated lower spot LNG prices will further add to this growth. “Our current forecast for December, January, and February averages at 76 MMcm/d, with an […]

The post LNG Consumption, Imports Seen Rising As Prices Ease first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dipankar Bhattacharya The outcome of the five Assembly elections held in November has proved almost all opinion polls and ground reports wrong. Even the few exit polls that predicted a thumping BJP victory in Madhya Pradesh gave the Congress a comfortable majority in neighbouring Chhattisgarh. The clean BJP sweep of Rajasthan, Madhya Pradesh and […]

The post Congress Has Performed Much Better In State Polls Compared To 2019 first appeared on Latest India news, analysis and reports on

By Dr. Gyan Pathak Election result for Chhattisgarh Legislative Assembly reveals that the electorates in Chhattisgarh have driven the Congress and the BJP towards a tougher contest for Lok Sabha election 2024 by reducing the difference in their shares in total votes polled to merely 4.04 per cent from 9.94 per cent in the Lok […]

The post Chhattisgarh Poll Results Drive Congress And BJP For A Stiff Contest In 2024 first appeared on Latest India news, analysis and

By Sushil Kutty The first thing Prime Minister Narendra Modi did after cornering three states in the ‘Hindi heartland’ was to address Indian Navy personnel on Navy Day and proclaim that ranks in the Indian Navy will be renamed so that the ranks reflected Indian culture. The uniforms of sailors and officers of the Indian […]

The post Are The Uniforms Of Indian Navy Personnel Being Changed To Suit The BJP first appeared on Latest India news, analysis and

By Girish Linganna Israel has conflicting goals of neutralizing Hamas and rescuing its civilians kidnapped during the October 7 storming of its territory in a surprise—and vicious—attack after they broke through the heavily guarded perimeter fence, landing by sea and using paragliders, killing about 1,200 people and taking 240 hostage. In order to achieve both […]

The post Israel And Hamas Have Different Objectives About What To Achieve During Truce first appeared on Latest India news, analysis and reports

Trinamool Congress might skip the upcoming meeting of the opposition’s INDI alliance on December 6 as party supremo Mamata Banerjee on Monday said she was not aware of any such meeting. While addressing the media on Monday, the West Bengal Chief Minister said that her party was unaware that the INDIA grouping is planning to […]

The post Mamata

The Bhitarwar seat in the Gwalior-Chambal region of Madhya Pradesh had never been won by the Bharatiya Janata Party in the past 20 years. This time, after the entry of Jyotiraditya Scindia into the saffron camp, the BJP finally bagged the constituency. A Scindia supporter, Mohan Singh Rathore, defeated a four-time Congress MLA. Jyotiraditya Scindia […]

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The Enforcement Directorate (ED) has received a notarised copy of an 11-page statement from Subham Soni, one of the prime accused in the Mahadev online betting app case that originated from Chhattisgarh. Soni, who is allegedly one of the promoters of the betting app, is currently in Dubai. The statement reached the ED last month […]

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Will Chhattisgarh have its first woman chief minister? After the Bharatiya Janata Party’s unprecedented electoral win, the state is abuzz with the question. The reason is the record that Chhattisgarh has set by sending the maximum number of female representatives to the assembly this year. As per official data, 19 women MLAs will represent their […]

The post Buzz

NEW DELHI: The government has firmed up a plan to remove the bar on personal guarantors to transfer or dispose of their assets under the insolvency resolution process, according to an official source. This is despite the Supreme Court upholding the constitutionality of the moratorium. The move by the ministry of corporate affairs (MCA) is […]

The post Quicker Action On Assets Of Personal Guarantors Soon first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Domestic rating agency Icra on Monday said the Indian IT sector’s revenue growth will inch up to over 6 per cent in 2024-25 from 3-5 per cent estimated for the ongoing financial year. The slower growth will have an impact on the hiring plans, the agency said, adding that staff addition will continue […]

The post IT Sector Growth To Inch Up To 6 Per Cent In FY25, Hiring To Be Moderate For 3 Quarters: ICRA first appeared

NEW DELHI: State-owned BSNL is looking to deploy at least 4% of its total staff strength of around 54,000 on enhancing enterprise services, company sources said. Currently only 1.8% of the staff are deployed for the purpose. This is because BSNL has seen a fall in revenue from the enterprise business in the last two […]

The post BSNL To Sharpen Focus On Enterprise Business first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India’s corporate bond market is expected to more than double from Rs 43 trillion in Financial Year 2022-23 (FY23) to Rs 100-120 trillion by FY 2030, said a report by CRISIL Ratings on Monday. The market is expected to expand at a compound annual growth rate (CAGR) of 9 per cent over the years. […]

The post Corporate Bond Market Set To Double By FY2030 At Rs 100 Trillion: Report first appeared on Latest India news, analysis and

NEW DELHI: The greater scrutiny of proposals from countries sharing land borders with India particularly China since 2020 has not impacted the interest of investors. Applications seeking approval for over Rs 1 trillion investments have been filed since these curbs were imposed, and almost half of them got approved, a senior official said. In 2020, […]

The post FDI

MUMBAI: The RBI is expected to announce a continuation of its pause on interest rates after the bi-monthly review meeting of the monetary policy committee (MPC) scheduled for December 8. Analysts predict a fifth consecutive pause by the MPC because of stronger-than-expected economic growth numbers. RBI will likely maintain a cautious stance, accompanied by hawkish […]

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NEW DELHI: The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per

NEW DELHI: The Government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April […]

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NEW DELHI: More than seven years after the launch of pan-India digital wholesale agri-marketing platform or electronic National Agriculture Market (e-NAM), purchase from farmgate trade has finally taken off across several states. Farmers are selling commodities on the platform without physically transporting it to the mandis. Using farm-gate module, farmers in 11 states including Andhra

NEW DELHI: Direct tax receipts will likely show a robust performance for the third year in a row post-pandemic, giving enough space to the Centre to keep the fiscal deficit within the targeted limit. This is despite additional spending expected on food, fertiliser and job guarantee programmes, and a lower than expected growth in nominal […]

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