Economy Archives - Page 53 of 235

Economy

April 15, 2025 2:55 PM

India’s WPI inflation declines to 2.05% in March

India’s annual wholesale inflation, measured by the Wholesale Price Index (WPI), slowed to 2.05% in March, down from 2.38% in February, according to data released by the Ministry of Commerce and Industry on Tuesday. The positive inflation rate in ...

April 15, 2025 10:05 AM

Sensex, Nifty surge over 2% as positive global cues boost investor sentiment

India’s frontline equity indices witnessed a strong rally in early trade on Tuesday, driven by positive global cues that lifted investor sentiment. Shortly after the opening bell, the Nifty 50 was trading 467 points, or 2.05%, higher at 23,295.55,...

April 15, 2025 10:01 AM

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national secu...

April 15, 2025 8:57 AM

Asia shares rise, bonds hold steady on some tariff reprieve

Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery over...

April 14, 2025 10:07 AM

Indian stock market closed on April 14 for Ambedkar Jayanti

Indian stock markets are closed on Monday on account of Dr. B.R. Ambedkar Jayanti, which commemorates the birth anniversary of Babasaheb Ambedkar, born on April 14, 1891. Every year, this day is observed as a public holiday across the country. Schoo...

April 13, 2025 4:23 PM

India’s semiconductor industry likely to double revenue to $108 bn by 2030: Report

The Indian semiconductor industry's revenues are likely to double from $54 billion to $108 billion between 2025 to 2030, according to a report by financial services firm UBS. The report expects India to gain amid the US-China tariff war that will pu...

April 13, 2025 1:02 PM

Irish regulator investigates X over use of EU personal data to train Grok AI

Ireland's data regulator on Saturday said it had opened an investigation into social media platform X over the use of personal data collected from European Union users to train its AI system Grok. Ireland's Data Protection Commission (DPC) is the le...

April 12, 2025 7:34 PM

Argentina seals $20 billion IMF deal, tears down currency controls

Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the p...

April 22, 2025 1:56 PM

India showcases BioE3 Policy and biorefinery initiatives at Mission Innovation Annual Gathering 2025 in Seoul

In a significant move to reaffirm its commitment to clean energy innovation, India highlighted its BioE3 Policy and Integrated Biorefinery Mission at the Mission Innovation Annual Gathering 2025 held in Seoul, South Korea from April 9 to 11. The gath...

April 11, 2025 6:52 PM

India’s forex reserves surge to $676.3 billion

India’s foreign exchange reserves rose sharply by $10.8 billion to reach $676.3 billion in the week ended April 4, according to the Reserve Bank of India’s latest data released on Friday. This marks the fifth straight week of gains in the country...

DD India