DDIndia Business: Economic Headlines & Updates

Business

October 23, 2025 9:04 PM

Oil prices surge 5% as US hits Russian firms Rosneft, Lukoil with sanctions

Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine. Sanctions against Russia could reduce the supply of oil available to global marke...

October 23, 2025 4:28 PM

World Diamond Council head says lab-grown gems losing their sparkle

Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. The natural diamond industry has seen a price slump since mi...

October 23, 2025 4:17 PM

Sensex, Nifty extend winning streak for 6th day, led by IT stocks

Equity benchmark indices continued their upward momentum for the sixth consecutive session on Thursday, supported mainly by strong buying in IT stocks. However, both indices ended the day off their highs as some profit booking emerged later in the s...

October 23, 2025 3:18 PM

Key nomination provisions under Banking Laws (Amendment) Act, 2025 to take effect from November 1

The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, according to a notification issued by the Central Government. The Banking Laws (Amendment) Act, 2025, notified on Apr...

October 23, 2025 10:15 AM

Sensex surges 700 points, Nifty crosses 26,000 for first time since September 2024 as IT stocks lead rally

The Indian stock market opened on a strong note on Thursday, with benchmark indices rallying sharply amid renewed investor optimism and reports of an imminent US-India trade deal. The Nifty 50 reclaimed the 26,000 mark for the first time since Septe...

October 22, 2025 6:17 PM

Union Commerce Minister Piyush Goyal to visit Germany to boost trade and economic ties

Union Minister of Commerce and Industry, Piyush Goyal, will embark on an official visit to Berlin, Germany, from October 23, aimed at strengthening India’s economic and trade partnership with the European nation. The visit assumes added significanc...

October 22, 2025 3:18 PM

India’s supportive policies, funding drive rapid green energy transition in subcontinent: S&P

India's ambitious renewable energy initiatives are on track and the country is currently leading the pack in South and Southeast Asia. According to a report by S&P Global Ratings, India has made good progress in renewable capacity additions, sign...

October 22, 2025 2:49 PM

From pashmina to Apricots: GST Reforms to boost Ladakh’s economy

Ladakh’s traditional industries, agriculture, handicrafts, and tourism sectors are set to benefit from a sweeping reduction in Goods and Services Tax (GST). The reforms lower GST from 12 per cent to 5 per cent on a wide range of products and servic...

October 22, 2025 1:29 PM

India’s luxury goods market to see 10 pc growth at $12.1 billion by 2025: Report

India’s luxury goods market is projected to see 10 per cent growth to reach $12.1 billion by 2025, emerging as a significant player in the global luxury market, a new report has said. The luxury retail landscape is being reimagined, with brands mo...

October 22, 2025 12:56 PM

UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month

The Unified Payments Interface (UPI) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of Ind...

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