DDIndia Business: Economic Headlines & Updates

Business

January 12, 2025 2:44 PM

Maha Kumbh likely to generate over ₹4 lakh crore in trade, boost India’s economy

The Maha Kumbh, set to begin in Prayagraj at the sacred confluence of the Ganga, Yamuna, and Saraswati rivers on Monday, is anticipated to generate over ₹4 lakh crore in trade, providing a significant boost to India's economy. According to industr...

January 11, 2025 6:01 PM

From back office to front office of the world : Parekh charts India’s tech-driven economic future

In a comprehensive address on India's economic outlook, former HDFC Chairman Deepak Parekh offered a balanced assessment of India's growth trajectory, emphasizing the nation's resilience amid global challenges. Speaking at the event ‘India’s Road...

January 10, 2025 5:25 PM

India’s Industrial Growth reaches 5.2% in November 2024

India's Index of Industrial Production (IIP) recorded a growth of 5.2% in November 2024, marking the highest growth rate in the past six months. This increase follows a growth rate of 3.5% in October 2024, according to data released by the Ministry o...

January 10, 2025 4:43 PM

Indian stock markets decline for third consecutive day; IT sector gains

Indian stock markets closed lower for the third consecutive session on Friday, as concerns over President-elect Donald Trump's potential policies dampened investor sentiment. The Sensex closed at 77,378.91 points, down 241.30 points or 0.31 perc...

January 10, 2025 3:14 PM

Centre releases ₹1.73 lakh crore to states for tax devolution

The Union Government has disbursed ₹1,73,030 crore to state governments as part of tax devolution. This marks a rise from the ₹89,086 crore distributed in December 2024. The increased devolution aims to support states in enhancing capital spendin...

January 10, 2025 1:46 PM

India’s organic exports to reach Rs 20,000 crore in next three years: Piyush Goyal

India's organic products' exports have the potential to reach Rs 20,000 crore in the next three years, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday. Speaking at the launch of the 8th edition of the National Programme for O...

January 10, 2025 10:58 AM

Indian stock market opens flat, TCS stock up nearly 4 per cent after strong results

The Indian stock market opened flat on Friday, driven by buying in the IT sector after Tata Consultancy Services (TCS) reported strong Q3 results. TCS shares surged 3.7% to ₹4,186 in early trade. The IT sector was trading with a gain of more than t...

January 10, 2025 12:28 PM

India retains title of world’s fastest-growing large economy with growth projected at 6.6%: UN

India would again be the fastest growing large economy in the world with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring. He was speaking at the release of the UN's flagship report-...

January 9, 2025 5:03 PM

Indian stock market declines as Q3 results season begins

India's domestic benchmark indices ended lower on Thursday as investors awaited Q3 FY25 earnings. Selling was observed across IT, PSU banks, financial services, pharma, and auto sectors. The Sensex closed at 77,620.21, down by 528.28 points ...

January 9, 2025 4:21 PM

SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI

Monthly systematic investment plans (SIPs) surpassed the Rs 26,000 crore mark for the first time in the month of December, showcasing that small investors continue to rely on mutual funds for long-term investments, as per the data released by the Ass...

DD India