DDIndia Business: Economic Headlines & Updates

Business

September 19, 2025 10:07 AM

China’s DeepSeek says its hit AI model cost just $294,000 to train

Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing's place in the race to develop artificial intelligence. The ra...

September 19, 2025 9:59 AM

GST reduction on drones to encourage wider adoption, boost domestic manufacturing

The government's move to slash the Goods and Services Tax (GST) on unmanned aircraft systems (drones) from the earlier 18–28 percent range to a uniform 5 percent, is expected to accelerate drone adoption across sectors and boost domestic manufactur...

September 18, 2025 9:18 PM

GST rate cuts on 11 Bengal-specific items will boost state’s economy: Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday said that while citizens across the country would benefit from the GST rate cuts, 11 Bengal-specific items had been brought under the 5 per cent tax slab to support the state’s economy and its p...

September 18, 2025 8:52 PM

SEBI clears Adani Group of all allegations in Hindenburg Case

The Securities and Exchange Board of India (SEBI) has cleared the Adani Group and its associated entities of all allegations made in the Hindenburg case, stating that the charges “are not established.” In its order issued on Thursday, SEBI said ...

September 18, 2025 4:45 PM

Nvidia bets big on Intel with $5 billion stake and chip partnership

Nvidia on Thursday said it will invest $5 billion in Intel, throwing its heft behind the struggling U.S. chip foundry, but stopped short of giving Intel a crucial manufacturing deal. The pact, which also includes a plan for Intel and Nvidia to joint...

September 18, 2025 4:24 PM

Sensex, Nifty rise for third day on US Fed rate cut, IT buying

Indian equity benchmarks gained for the third consecutive session on Thursday, supported by strong buying in IT stocks after the US Federal Reserve announced a rate cut. The Sensex closed at 83,013.96, higher by 320.25 points or 0.39 per cent, while...

September 18, 2025 3:47 PM

Capital markets pivotal to India’s infrastructure growth: SEBI Chief

Capital markets are set to play a key role in financing India’s infrastructure expansion as the country advances toward its growth goals, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Thursday. Speaking at the I...

September 18, 2025 3:42 PM

Indian pharma sector to log 7-9% growth in FY26 despite US headwinds: ICRA

India's pharmaceutical industry is set to record healthy revenue growth of 7-9 per cent in FY26, even as challenges in the United States market continue to weigh on performance, noted rating agency ICRA in its latest sector outlook. According to ICR...

September 18, 2025 2:52 PM

Bananas? Taiwan entrepreneur wants to make clothes out of plant material

Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on ...

September 18, 2025 1:46 PM

IMF hails India’s UPI as global model for digital payments

India’s Unified Payments Interface (UPI), which now powers over 20 billion transactions a month, has emerged as the world’s largest retail fast payment system and is drawing global recognition, including from the International Monetary Fund (IMF)...