Economy Archives - Page 175 of 311

Economy

January 23, 2025 3:27 PM

Global stocks ease as AI euphoria wanes; dollar wilts without tariff bump

Global stocks eased on Thursday, halting a rally sparked by U.S. President Donald Trump's mammoth spending plans for artificial intelligence infrastructure as some of that excitement fizzled out, though Chinese shares fared better on Beijing's suppor...

January 23, 2025 12:30 PM

India’s digital economy set to drive one-fifth of GDP by 2030: MeitY report

India’s digital economy is projected to grow nearly twice as fast as the overall economy, contributing close to one-fifth of the country’s national income by 2030, according to a report from the Ministry of Electronics and Information Technology ...

January 23, 2025 11:55 AM

US sanctions on Russia to have minimal impact on India’s energy supply: IOC Chairman

The recent sanctions imposed by the United States on Russia, coupled with warnings of further punitive measures by the new Trump administration, are expected to have limited impact on India's energy security, according to Indian Oil Corporation (IOC)...

January 22, 2025 5:35 PM

Sensex jumps 566 points, Nifty holds at 23,000 as US tariff fears ease

The Indian stock market experienced significant movement on Wednesday, as benchmark indices Sensex and Nifty recovered in the latter half of the day after concerns over potential US trade tariffs eased. At the close of trading, the BSE Sensex rose b...

January 22, 2025 1:22 PM

Google to invest fresh $1 bln in OpenAI rival Anthropic, FT reports

Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday. This comes after Reuters and other media reported earlier in January that Anthropic was nearing a $2 billion fundraise ...

January 22, 2025 12:39 PM

Centre introduces Diamond Imprest Authorization scheme to revive sector

In a bid to enhance the competitiveness of India’s diamond industry, the Union government has introduced the Diamond Imprest Authorization (DIA) Scheme for the duty-free import of natural cut and polished diamonds. Set to take effect from April 1,...

January 21, 2025 8:24 PM

WEF 2025: Andhra CM Naidu showcases India’s rise as a global economic power

Andhra Pradesh Chief Minister N. Chandrababu Naidu underscored India’s rapid emergence as a global economic powerhouse during a CII special session at the World Economic Forum (WEF) 2025. Speaking on Tuesday, Naidu highlighted that by 2027, India i...

January 21, 2025 5:26 PM

India cannot be ignored as it is the fastest-growing economy: Rajan Bharti Mittal at Davos

Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises on Tuesday said that India’s global image, both economically and politically, is on the rise, and the country cannot be ignored. “I've been coming here for many years, and I can tell you w...

January 21, 2025 4:17 PM

Sensex plunges over 1,200 points, Nifty ends at 23,024 amid Trump 2.0 concerns

The Indian stock markets experienced a sharp decline on Tuesday, driven by global jitters surrounding US President Donald Trump’s second term, marked by his signing of executive orders and warnings of steep trade tariffs. The Sensex fell by 1,235 p...

January 21, 2025 3:49 PM

Easing tariff fears cement bets on ECB rate cut next week

European Central Bank policymakers are likely breathing a sigh of relief that the new U.S. administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal. U.S. President Donald Trump held ...

Economy

Top Stories of the Day