Economy Archives - Page 93 of 229

Economy

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 ...

January 21, 2025 3:51 PM

India projected to account for 16% of global consumption by 2050: report

India is projected to account for 16% of global consumption by 2050, up from 9% in 2023, according to a report by McKinsey Global Institute titled "Dependency and Depopulation: Confronting the Consequences of New Demographic Reality." By 2050, only ...

January 21, 2025 3:29 PM

AI can add $4.4 trillion to global economy, but digital divide must be removed: WEF report

While Artificial Intelligence (AI ) could add $2.6 trillion to $4.4 trillion to the global economy annually, there is also a need to pay attention to the careers, lives and communities it will disrupt -- including those who have already been left out...

January 21, 2025 12:42 PM

Will use US oil reserves to assert power globally, says Trump

President Donald Trump will use the US oil reserves as a weapon to assert its power and prevent both friends and foes from “pushing it around.” “We're not going to let any nation, whether friendly or unfriendly, push us around from any standpo...

January 21, 2025 11:34 AM

“As a BRICS nation, they’ll have 100 per cent tariff if…”: US President Trump on de-dollarization

US President Donald Trump issued a stern warning to BRICS nations on Monday, declaring that countries in the group would face 100 percent tariffs on trade with the US if they continue their push for de-dollarization. Speaking during a signing ceremo...

January 21, 2025 10:14 AM

Indian stock market trades flat as new US President avoids tariffs on Day 1

Indian benchmark indices traded almost flat on Tuesday morning, tracking gains in Asia, after Donald Trump took over as the 47th US President and did not immediately impose trade tariffs as widely expected. The Nifty 50 was up 0.25 per cent while th...

DD India