Category: World

NEW DELHI: The department of telecommunications (DoT) is examining methodologies to directly allocate spectrum to enterprises like Infosys, Tejas Networks, Tata Communications, Tata Power, Larsen & Toubro, GMR, Capgemini, etc. It has set up an internal study group to suggest ways to achieve the objective. Officials said that direct allocation of spectrum to these enterprises […]

The post Direct Spectrum Allocation For Private 5G Being Looked At first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook released on Monday, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. “The emerging-market (EM) economies have generally continued to grow at a solid pace, despite […]

The post OECD Marginally Raises India’s GDP Growth Forecast To 6.2% For FY25 first appeared on Latest India news, analysis and reports on

NEW DELHI: Services sector activity expanded at the fastest pace in six months in January, as buoyant international and domestic demand contributed to rising new business orders, according to results of a private sector survey released Monday. HSBC India Services PMI Business Activity Index rose to 61.8 in January as compared with 59 in the […]

The post Services PMI Expands At Fastest Pace In Six Months In January first appeared on Latest India news, analysis and reports on

NEW DELHI: India may allow at least four state-owned banks to raise funds or expand their public float in the first half of the next fiscal year to accelerate their lending business and improve public participation, said people familiar with the development. The four lenders include Punjab National Bank (PNB), which is targeting a follow-on […]

The post Four Public Sector Banks May Get Approval To Raise Funds In H1 Of FY25 first appeared on Latest India news, analysis

Delhi Chief Minister Arvind Kejriwal’s personal secretary and a Rajya Sabha MP are among those linked to the Aam Aadmi Party who are being raided by the Enforcement Directorate as part of a money laundering probe, said sources. ED officials are currently conducting searches at over 12 premises across Delhi, Chandigarh and Varanasi. Bibhav Kumar, […]

The post ED raids premises

The Budget Session of the Bengal Assembly, which is set to start on Monday, may see yet another showdown between the Trinamool Congress and Governor CV Anand Bose over the latter’s speech. The last assembly session ended sine die (without designating a future date) in December 2023 and is set to be reconvened this week […]

The post Governor, Mamata flashpoint

The disclosure by Chhagan Bhujbal that he resigned as a minister last November has put a focus on the Maratha quota tightrope the Eknath Shinde-led government is walking amid restlessness in OBCs, with Shiv Sena (UBT) claiming Bhujbal and BJP are hand in glove. Hours after the dramatic announcement was made by Bhujbal, who belongs […]

The post Fadnavis says Bhujbal’s resignation

NEW DELHI: The existing taxation structure for corporates with a 22 per cent tax is “very reasonable” when compared to an economy of the size of India and hence the concessional tax regime which was in force for four years for new manufacturing units was not extended beyond March 2024, Revenue Secretary Sanjay Malhotra said. […]

The post Existing Taxation Structure For Corporate Very Reasonable: Revenue Secretary first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. “Some of the companies also reported a decline in their topline numbers, as they extended the benefits of softening commodity prices to the consumer […]

The post FMCG Firms Report Single Digit Growth With Better Margin In Q3 first appeared on Latest India news, analysis and reports on

NEW DELHI: Billionaire Mukesh Ambani has been ranked first among all Indians and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. “The chairman and managing director of Reliance Industries Ltd overtakes the likes of Microsoft’s Satya Nadella, and Google’s Sundar Pichai to be ranked No.2 globally only behind Tencent’s Huateng Ma. […]

The post Mukesh Ambani No.2 Globally In Brand Guardianship Index first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5% higher than Rs 1.12 lakh […]

The post ONGC, IOC, Other Oil PSUs To Invest Rs 1.2 Lakh Crore In FY25 first appeared on Latest India news, analysis and

NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said […]

The post Focus To Be On Concluding Ongoing Strategic Sales In FY25: DIPAM Secretary first appeared on Latest India news, analysis and reports

MUMBAI: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending rate in its upcoming bi-monthly monetary policy this week as retail inflation is still near the higher end of its comfort zone, say […]

The post RBI Likely To Continue Status Quo On Short Term Lending first appeared on Latest India news, analysis and reports on IPA

By Nantoo Banerjee It is difficult to believe in the 21st century that some small groups of Yemeni Houthi pirates on the Red Sea can bring a $1-trillion-plus annual global trade using the sea route almost to a halt, forcing shipowners and shippers divert the trade through a several times longer route via the Cape […]

The post Houthi Pirates Bring Global Trade Through Red Sea To A Near Halt first appeared on Latest India news, analysis and reports

By Kalyani Shankar The convincing victory of the JMM-Congress coalition in Jharkhand assembly on February 5 amidst allegations about BJP’s poaching reports, is a big boost to the INDIA bloc in the present political atmosphere in the country. Chief Minister Champai Soren has now the tough task to run a government for the welfare of […]

The post Champai Soren’s Convincing Win In Jharkhand Assembly Test Is A Victory For INDIA Bloc first appeared on Latest India news, analysis

By Dr. Gyan Pathak Despite all sorts of statements against Congress and its leader Rahul Gandhi, the Congress party and the leader has got significant response by people during Bharat Jodo Nyay Yatra so far. It makes PM Narendra Modi’s concerns worse, since Congress candidates would be offering closer contests to BJP candidates in numerous […]

The post Rahul Gandhi’s Yatra Is Getting Good Response Before Lok Sabha Polls first appeared on Latest India news, analysis and reports on

By Sushil Kutty MLAs and MPs are placed such that they can make tonnes of money by shifting allegiance, the money credited to their bank accounts, like nowadays when the focus is on Jharkhand and Bihar MLAs fleeing BJP depredations with Delhi Chief Minister Arvind Kejriwal and Delhi minister with multiple portfolios, Atishi Marlena, also […]

The post This Hide And Seek Game Between ED And Delhi Chief Minister Has Turned Bizarre first appeared on Latest India news, analysis

Maharashtra Deputy Chief Minister Ajit Pawar on Sunday took a veiled jibe at Nationalist Congress Party founder Sharad Pawar by alluding to his age and speaking about the “sentimental appeal of a last election”. The Sharad Pawar faction hit back claiming the comments were “inhuman” and accused the deputy CM of “praying for the death” […]

The post Ajit jibe

MUMBAI: The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) is likely to maintain status quo on repo rate at 6.5% in its forthcoming meeting scheduled between February 6 and 8, 12 economists polled by FE said. Around 40% of economists felt the MPC may pivot to rate cuts only from Q2FY25 onwards, […]

The post RBI Unlikely To Change Interest Rates first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in the September and December quarters of […]

The post Private Capex Hike Depends On Demand: India Inc first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes, an official statement said on Sunday. “Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and officials met on February 3 to […]

The post Government, Industry Discuss Ways For Implementation Of PLI Schemes first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre is likely to give up on the plan to monetise stadiums, while reworking the strategy for the iconic Ashok Hotel in the national capital. It is likely to offer the hotel under the PPP mode through a single transaction, sources told TOI. This means the plan to monetise asset of the […]

The post Government To Shelve Stadium Monetisation first appeared on Latest India news, analysis and reports on IPA Newspack.

The Champai Soren government in Jharkhand — formed last week after a massive political crisis following the arrest of its Chief Minister — will take a floor test to prove its majority today. The majority mark in the 81-member assembly is 41. The ruling alliance of the Jharkhand Mukti Morcha, Congress and Lalu Yadav’s Rashtriya […]

The post Arrested

Gujarat Police probing a hate speech case on Sunday detained Islamic preacher Mufti Salman Azhari in Mumbai, an official said. Mufti Salman is currently at Ghatkopar police station, the official said. Hundreds of supporters of the Mufti gathered outside the police station demanding his immediate release, bringing traffic to a standstill in the area, the […]

The post Crowd

By Ashis Biswas In Assam, bad news continues for the opposition: little tangible progress has been made in pre-election seat sharing talks among major parties opposing the ruling Bharatiya Janata party(BJP), as they desperately struggle to build a united anti-Saffron front, in recent weeks. Unless major opposition parties including the Congress, Raisor Dal, Asom Jatiya […]

The post Opposition Talks On Seat Sharing In Assam For Lok Sabha Polls Not Progressing first appeared on Latest India news, analysis and

By Arun Kumar Shrivastav On the third anniversary of the military coup in Myanmar, a joint statement from the European Union, Canada, Australia, New Zealand, Norway, South Korea, Switzerland, the United Kingdom, and the United States condemned the ongoing violence and human rights abuses perpetrated by the military regime. The statement released by Global Affairs […]

The post Myanmar Junta Losing More Areas To Rebels As The Coup Completes Three Years first appeared on Latest India news, analysis and

By James M Dorsey The irony of Middle Eastern geopolitics is that Israel makes it increasingly difficult for US President Joe Biden to support it, while Iran strengthens domestic US anti-Iranian and pro-Israeli hardliners. The hardliners are emboldened by the failure of calibrated US strikes in response to numerous attacks on US forces in the […]

The post Iran Facilitates Biden’s Support For Israel, But Tel Aviv Makes It Increasingly Difficult first appeared on Latest India news, analysis and

NEW DELHI: Shares of Reliance Industries were in heavy demand on Friday, climbing over 2 per cent, adding Rs 41,860.54 crore to its market valuation. The stock of the country’s most valued firm went up 2.18 per cent to settle at Rs 2,914.75 on the BSE. During the day, shares of the company jumped 3.40 […]

The post Reliance Industries Shares Climb All Time High first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Tourists visiting Paris’ Eiffel Tower will now be able to book their trip to the iconic monument using India’s Unified Payment Interface, the National Payments Corporation of India (NPCI) said on Friday. The NPCI said its arm NPCI International Payments (NIPL) has tied up with French e-commerce and proximity payments Lyra, which will help […]

The post Now, Pay For Eiffel Tower Visit Through UPI first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: India continues to be a bright spot for Apple registering a quarterly revenue record with a strong double-digit growth. “If you look at it, India grew — in revenue terms — strong double-digits in the Dec quarter and hit a quarter revenue record. Other emerging markets like Indonesia also hit a quarterly record. And […]

The post India Bites Big Into Apple Sales Pie first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The income tax department will “erase” petty tax demands pending against about 80 lakh taxpayers on its own and issue a “speaking order” explaining the process to be followed, CBDT chairman Nitin Gupta said Friday, a day after the measure was proposed in the interim Budget. Union Finance Minister Nirmala Sitharaman had on […]

The post I-T Dept Will Erase Petty Tax Demands On Its Own: CBDT first appeared on Latest India news, analysis and reports on

MUMBAI: The Reserve Bank of India on Friday cautioned the public against fraud in the name of KYC updation and advised not to share documents with unknown entities. In the wake of continuing incidents and reports of customers falling prey to frauds being perpetrated in the name of KYC updation, RBI urged the members of […]

The post Do Not Share Documents With Unknown Entities For KYC, Cautions RBI first appeared on Latest India news, analysis and reports on

NEW DELHI: Capital markets regulator Sebi on Friday proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. The regulator proposed revisions to nomination facilities for securities such as shares, bonds, units […]

The post SEBI Mulls Revamping Nominations Framework first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Reduction in the total allocations for Union Ministry of Labour and Employment and also workers’ social security in the Interim Union Budget 2024-25 has revealed PM Narendra Modi government’s anti-labour stance, an allegation that has been labelled by the joint platform of Central Trade Unions (CTUs) since the passage of four […]

The post Interim Union Budget 2024-25 Reveals Modi Governments Anti-Labour Stance first appeared on Latest India news, analysis and reports on IPA Newspack.