Economy Archives - Page 62 of 223

Economy

March 5, 2025 8:41 PM

India boosts R&D with ₹20,000 Cr investment, ranks 3rd in global startups

Union Minister Dr. Jitendra Singh highlighted India's rapid progress in research and innovation, announcing a ₹20,000 crore allocation for R&D in Budget 2025-26. Speaking at the Post-Budget Webinar on “Investing in Innovation,” he emphasize...

March 5, 2025 8:21 PM

SAIL and Indian steel stocks surge as China announces plans to reduce output

Shares of Indian steel companies surged on Wednesday following China's announcement to restructure its steel industry and reduce total production. This move is anticipated to curb the dumping of cheap steel into the Indian market, providing a signifi...

March 5, 2025 4:33 PM

Stock markets rebound as tariff concerns ease; Sensex, Nifty gain over 1%

Indian stock markets staged a strong recovery on Wednesday, with both the Sensex and Nifty closing over 1% higher. The rebound came after US Commerce Secretary Howard Lutnick indicated the possibility of tariff relief for Mexico and Canada, sparking ...

March 5, 2025 3:41 PM

India imposes import restrictions on platinum alloys to curb misuse of trade agreements

India has imposed restrictions on the import of platinum alloys with less than 99% purity, aiming to curb potential misuse of trade agreements and prevent unfair trade practices. According to a notification issued by the Directorate General of Forei...

March 5, 2025 11:12 AM

India’s circular economy poised to generate $2 trillion and 10 million jobs by 2050: Bhupendra Yadav

Union Minister for Environment, Forest & Climate Change, Bhupender Yadav, on Tuesday said that India’s circular economy could generate a market value exceeding $2 trillion and create nearly 10 million jobs by 2050. Speaking at the 12th Regiona...

March 5, 2025 4:50 PM

China ramps up stimulus to guard economy from changes ‘unseen in a century’

China unlocked more fiscal stimulus on Wednesday, signalling greater efforts to boost consumption as a means to ring-fence the economy's path towards this year's roughly 5% growth target amid an escalating trade war with the United States. Premier L...

March 5, 2025 10:19 AM

Stock markets open higher, Sensex crosses 73,000 amid volatility

Indian equity markets opened on a positive note on Wednesday, supported by buying in auto, IT, and PSU bank stocks, despite mixed global cues. The gains came after a prolonged downtrend in benchmark indices, as investors closely tracked developments ...

March 4, 2025 5:11 PM

Sensex, Nifty slip amid global trade concerns; Nifty holds 22,000 mark

Indian stock markets closed flat on Tuesday, as investor sentiment took a hit following the implementation of US trade tariffs on Canada and Mexico. The impact of Canada’s retaliatory tariffs on US goods further added to the cautious mood, leading ...

March 4, 2025 3:30 PM

OPEC+ to proceed with planned April oil output hike

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices. The increase is the first since 2022 fr...

March 4, 2025 12:09 PM

China to impose extra tariffs of 10%-15% on various US products

China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing twenty-five U.S. firms under export and investment restrictions. LIU...

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