DDIndia Business: Economic Headlines & Updates

Business

April 19, 2025 10:27 AM

Global biopharma IPOs surge to $8.52 billion in 2024 amid market rebound

The global biopharmaceutical sector witnessed a sharp rebound in 2024, with initial public offerings (IPOs) rising by 68.4 per cent to reach $8.52 billion, according to a new report by GlobalData. A total of 50 IPOs were completed during the yea...

April 17, 2025 9:09 PM

India’s economic fundamentals strong, growth outlook bright: industry leaders

India’s economic growth story is set to gain further momentum, underpinned by strong fundamentals, robust policymaking, and a skilled workforce, according to top industry leaders. On the sidelines of the 120th anniversary celebrations of the PHD C...

April 17, 2025 4:56 PM

Fitch projects India’s GDP growth at 6.4% for FY26, retains 6.3% for FY27

Fitch Ratings on Thursday revised India’s GDP growth forecast for FY26 to 6.4%, citing global economic uncertainties, while maintaining its projection of 6.3% for FY27. The global ratings agency also lowered its estimates for FY25 and FY26 by 10 b...

April 17, 2025 4:43 PM

Sensex jumps over 1,500 points, Bank Nifty near record high

Indian stock markets closed sharply higher on Thursday, marking the fourth consecutive session of gains, driven by strong buying in banking stocks. The Sensex, which marked its 150th anniversary on April 17, opened slightly lower at 76,968 and dippe...

April 17, 2025 1:31 PM

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC ...

April 17, 2025 9:48 AM

Indian stock market opens in red, IT stocks drag

After three consecutive days of gains, domestic benchmark indices opened in the red on Thursday amid weak global cues, as selling pressure was witnessed in the IT and auto sectors during early trade. As of 9:27 am, the Sensex was trading 338.13 poin...

April 16, 2025 9:08 PM

Bigger Middle Class, Richer Middle Class

In 2015, the Kumars of Lucknow relied on public transport and an old scooter for their daily commute. Sanjay Kumar, a schoolteacher, and his wife, a small business owner, wished to buy a car—not just for comfort, but as a symbol of socioeconomic ca...

April 16, 2025 4:42 PM

Sensex rises for third day; Nifty near 23,450 as banks lead rally

Indian stock markets continued their upward trend for the third straight session on Wednesday, supported by strong buying in financial stocks, especially private banks, and select oil and gas shares. The Sensex opened 262 points higher at 76,996 but...

April 16, 2025 4:20 PM

Gold hits new high, climbs over Rs 95,000 on MCX

Gold prices on the Multi Commodity Exchange of India (MCX) surged to yet another record high on Wednesday, fueled by a weakening US dollar and escalating global trade tensions. As of 3:07 PM, gold was trading at ₹95,172 per 10 grams, after reaching...

April 16, 2025 3:16 PM

China Q1 GDP growth tops expectations, but US tariff shock looms large

China's first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift sharply lower as U.S. tariffs pose the biggest risk to the Asian powerhouse in decades. Pr...

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