DDIndia Business: Economic Headlines & Updates

Business

May 6, 2026 9:02 AM

PM Modi applauds major railway projects boosting connectivity across six Indian states

Prime Minister Narendra Modi on Wednesday lauded the Union cabinet's approval of recent railway projects covering 19 districts across six states in the country, calling it a symbol of India's "boosting infrastructure" and "furthering economic growth....

May 5, 2026 5:30 PM

Bank credit growth hits 15.9% in FY26, signals strong economic momentum

Scheduled Commercial Banks (SCBs) recorded a robust year-on-year non-food credit growth of 15.9 per cent in the financial year 2025–26, reflecting sustained economic activity and strong demand for credit across sectors. According to official data ...

May 4, 2026 12:31 PM

India’s manufacturing PMI rises to 54.7 in April amid continued resilience

India’s manufacturing PMI rose to 54.7 in April, up from 53.9 in March, as output, new orders (including exports) and employment all grew moderately, pointing to continued resilience in India’s manufacturing sector, the HSBC Flash India PMI data ...

April 30, 2026 10:03 PM

Unified Payments Interface at 10: UPI emerges as world’s largest real-time payments platform, anchoring India’s digital economy

A decade after its launch, the Unified Payments Interface (UPI) has transformed from a fledgling digital experiment into the world’s largest real-time payments platform, powering nearly half of global instant payment transactions and redefining how...

April 30, 2026 2:58 PM

EU kickstarts Mercosur pact to counter US trade hit

The European Union and South American bloc Mercosur will implement on Friday a contentious free trade agreement that the EU in particular hopes will benefit exporters and calm critics, even if it cannot fully offset the blow from U.S. tariffs. Backe...

April 30, 2026 2:47 PM

Trump welcomes United Arab Emirates exit from OPEC

U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates' move to pull out of OPEC and said he thinks the move could help lower oil prices. "I think it's great," Trump said when asked by reporters at the White House what he thought...

April 30, 2026 11:14 AM

Alphabet’s cloud unit beats quarterly revenue estimates on strong AI demand

Alphabet topped Wall Street estimates for quarterly revenue growth at its cloud computing unit on Wednesday, driven by sustained enterprise spending on artificial-intelligence infrastructure. Revenue at Google Cloud grew 63% to $20 billion in the ...

April 30, 2026 10:10 AM

Global tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the European Ce...

April 29, 2026 7:51 PM

UAE Exits OPEC: What It Means for the World & India

The United Arab Emirates has announced it will exit the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, with the decision taking effect from May 1, 2026. The move follows a comprehensive review of national production...

April 29, 2026 3:01 PM

EXPLAINER-What is OPEC+ and how does it affect oil prices?

The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday. The Organization of the Petroleum Exporting Countries and allies, including Russia, are known collectively as OPEC+. Las...