DDIndia Business: Economic Headlines & Updates

Business

May 13, 2026 11:48 AM

Sensex, Nifty tumble soon after opening in Green amid downside risk to growth and upside to inflation

Markets opened in green on Wednesday as the Indian equity benchmarks attempted a recovery following consecutive declines, but soon declined as the selling pressure continued. The BSE SENSEX opened at 74,809.68 points, up by 250.44 points or 0.34 p...

May 13, 2026 10:04 AM

OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial

OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk's claim that he betrayed the ChatGPT maker's founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it. In...

May 13, 2026 9:30 AM

US has finalized tariff refunds of $35.5 billion as of May 11

The U.S. customs agency has processed refunds including interest worth $35.46 billion as of May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7 a.m. ET on May 11, the ...

May 13, 2026 9:26 AM

US appeals court pauses ruling against Trump’s 10% global tariff

A U.S. appeals court on Tuesday temporarily paused a lower court ruling against the Trump administration's 10% global tariff under Section 122 of the Trade Act, keeping the tariffs in place for three importers that had won a reprieve from the duties ...

May 13, 2026 9:25 AM

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

Stocks started the Asian session on the back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic toll of the Middle East conflict. MSCI's broadest index ...

May 12, 2026 4:23 PM

Retail inflation rises marginally to 3.48% in April 2026

India’s retail inflation based on the Consumer Price Index (CPI) rose marginally to 3.48 per cent in April 2026 from 3.40 per cent in March, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. ...

May 12, 2026 5:00 PM

Sensex, Nifty end lower as US-Iran tensions weigh on market sentiment

Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns over the broader economic fallout triggered a sharp selloff across sectors. The 30-sha...

May 12, 2026 4:19 PM

Public Sector Banks post record ₹1.98 lakh crore net profit in FY26

Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1.98 lakh crore in the financial year 2025–26, marking the fourth consecutive year of profitability, according to data released by the Finance Ministry on Tuesday. T...

May 12, 2026 3:03 PM

World Bank sees Pacific growth slowing to 2.8% in 2026

Economic growth across 11 Pacific Island countries is expected to weaken in 2026 as higher energy and shipping costs, slowing tourism momentum and persistent structural constraints weigh on activity, the World Bank said in a report released on Tuesda...

May 12, 2026 1:39 PM

DigiHaat launches ‘Swadeshi’ marketplace to promote Made-in-Bharat products

The government-backed e-commerce platform DigiHaat on Tuesday announced the launch of 'Swadeshi', a dedicated marketplace to promote authentic 'Made-in-Bharat' products and strengthen local production ecosystems. The platform, which is owned by the ...