DDIndia Business: Economic Headlines & Updates

Business

May 21, 2026 11:44 AM

Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power

Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence. In recent fundraising materials, the San Francisc...

May 21, 2026 9:57 AM

Indian equity markets trade higher in early deals amid positive global cues

Indian equity markets traded higher on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict. In the morning trade, Sensex jumped as much as 0.83 per cent or 627 point...

May 21, 2026 9:41 AM

SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI

SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse. Much of its outl...

May 21, 2026 9:26 AM

Global stocks soar on Nvidia earnings, Samsung strike suspension

Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers. MSCI's broadest index of Asia-...

May 20, 2026 11:29 PM

Core sector growth slows to 1.7% in April as coal and crude output decline

India’s eight core infrastructure industries recorded a provisional growth of 1.7 per cent in April 2026 compared with the corresponding month last year, according to data released by the government on Wednesday. The growth in the Index of Eight C...

May 20, 2026 6:09 PM

India’s toffee exports rise nearly 166% since FY14, says Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Wednesday said India’s exports of toffees, caramels and similar confectionery products have increased by nearly 166 per cent since 2013-14. Sharing export figures on X, the minister said exp...

May 21, 2026 9:01 AM

Indian markets end higher amid global weakness; autos, financials and oil & gas lead recovery

Indian equity benchmarks closed in the green on Wednesday, managing modest gains despite weakness across major Asian markets, as buying in auto, financial and oil & gas stocks helped domestic indices recover from intraday lows. The BSE Sensex ro...

May 20, 2026 10:07 AM

EU strikes provisional agreement to finalise US trade deal

The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods, a key part of the trade deal reached with Washington last July, in a move likely to avert higher U.S. tariffs on EU products. Under ...

May 20, 2026 9:58 AM

Sensex, Nifty open lower amid weak global cues, geopolitical tensions

Indian stock markets opened lower on Wednesday, mirroring weak global cues from the US and Asian markets amid rising bond yields and geopolitical tensions in West Asia. Sensex opened at 74,806.49, down 394.36 points or 0.52 per cent, while Nifty beg...

May 19, 2026 4:55 PM

PM Modi, Danish PM Mette Frederiksen discuss green partnership, renewable energy and investment in Oslo

Prime Minister Narendra Modi on Tuesday held talks with Denmark’s Acting Prime Minister Mette Frederiksen on the sidelines of the India-Nordic Summit, with both leaders reaffirming their commitment to the India-Denmark Green Strategic Partnership. ...