DDIndia Business: Economic Headlines & Updates

Business

October 5, 2026 10:18 AM

OpenAI’s Sam Altman says AI benefits warrant accepting some risks

OpenAI Chief Executive Sam Altman said the benefits of artificial intelligence justify accepting some risks and argued the technology should remain broadly accessible to the public "We believe that the world should accept some bad things happening f...

October 5, 2026 10:12 AM

3-day RBI MPC meet begins as balance of risks tilt towards rate hike

The Reserve Bank of India (RBI) began its three-day Monetary Policy Committee (MPC) meeting on Monday, with policy decision due on Wednesday, amid rising inflation, crude oil prices above $100 a barrel and rupee weakness. The RBI's Monetary Policy C...

October 5, 2026 10:09 AM

Sensex jumps over 400 points, Nifty crosses 22,500 as markets snap 8-day losing streak

The Indian equity markets rebounded on Monday with Sensex gaining over 400 points and Nifty hovering over 22,500. Both indices opened with a gap-up, snapping the 8-day losing streak, with Nifty PSU Bank emerging as a major gainer during the early mor...

October 5, 2026 9:48 AM

OPEC+ agrees to keep November oil output targets steady

OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year. Seven core members of the group comprisin...

October 5, 2026 8:37 AM

India, Canada open crucial trade talks

India and Canada will begin the fifth round of negotiations for a comprehensive trade agreement here on Monday, stepping up efforts to conclude a deal by the end of the year as the two countries work to deepen economic ties following a prolonged dipl...

October 5, 2026 8:20 AM

Stocks upbeat, dollar wobbles as Fed hike bets recede

Stocks were off to a strong start on Monday while the dollar edged lower and bonds steadied, as investors trimmed bets on an aggressive policy tightening cycle by the Federal Reserve following cooler-than-expected US jobs data. Trading was thin in A...

October 4, 2026 5:11 PM

OpenAI safety employee quits, says ‘time for trial and error is over’

A former OpenAI safety employee who recently resigned criticized the company's approach to AI safety, arguing that a fast-paced culture focused on rapid development increases the risk of failures. Writing in "I Quit OpenAI Because Its Culture Is Bro...

October 3, 2026 9:41 AM

India Targets 600 Million Tons of Steel by 2047, Sri Lanka’s Ports Turn Strategic, and Pilot Demand Soars

Inside This Week's Economic Brief This week's Economic Brief covers India's draft National Steel Policy targeting 600 million tons by 2047, Sri Lanka's Colombo-Hambantota maritime strategy, and India's surging demand for commercial pilots. This wee...

October 2, 2026 1:20 PM

Asian shares fall after wild swings in bonds, FX; US jobs data looms

Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening US military buildup in the Gulf kept oil prices elevated and inflation risks alive. European bourses are ...

October 1, 2026 6:56 PM

Piyush Goyal meets EU Trade Commissioner, discusses progress on signing FTA

Commerce Minister Piyush Goyal met European Trade Commissioner Maros Sefcovic and reviewed the progress towards signing the India-EU Free Trade Agreement. Goyal met Sefcovic on the sidelines of the G20 Trade Ministers’ meeting in Milwaukee on Wedn...