DDIndia Business: Economic Headlines & Updates

Business

August 7, 2026 11:18 PM

India concludes 16th BRICS Trade Ministers’ Meeting in Jaipur with focus on WTO reforms, MSMEs and resilient supply chains

India on Friday successfully concluded the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026, with member countries endorsing a series of initiatives aimed at strengthening the multilateral trading system, improving access ...

August 7, 2026 6:38 PM

India, Egypt discuss boosting investment flows, trade in digital services: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said India and Egypt discussed measures to enhance two-way investment flows, strengthen bilateral economic cooperation and facilitate smoother trade in digitally delivered services during a meetin...

August 7, 2026 6:36 PM

SBI moving entire cheque processing to AI, aims to free up workforce for higher-value roles: Chairman CS Setty

The State Bank of India (SBI) is accelerating the adoption of artificial intelligence across its operations, with the country's largest lender planning to shift its entire cheque processing system to AI in a move aimed at improving efficiency and red...

August 7, 2026 4:25 PM

Markets End Lower as Global Tensions Weigh on Investor Sentiment

The benchmark equity indices ended lower on Friday as selling pressure in financial and private banking stocks, coupled with rising geopolitical tensions, weighed on investor sentiment. While the broader market remained relatively resilient, weaknes...

August 7, 2026 3:42 PM

India’s investor base crosses 13.2 crore, becomes younger and more diverse: NSE

India's investor base is becoming younger, more geographically diverse and increasingly inclusive, with the median age of investors declining from 38 years in March 2020 to 33 years in June 2026, according to the National Stock Exchange's (NSE) lates...

August 7, 2026 3:31 PM

EV retail sales hit record high in July, rise 66% Year-on-Year: FADA

India recorded its highest-ever monthly electric vehicle (EV) retail sales in July 2026, with registrations reaching 3,27,901 units, a growth of over 66 per cent year-on-year, according to the Federation of Automobile Dealers Associations (FADA). Th...

August 7, 2026 1:00 PM

Ukrainian attacks on Wildberries strike at heart of Russia Inc

In the space of three weeks, Vasily Klimov's online shopping pick-up point in Moscow has gone from a healthy small business to a loss-making operation he is now desperately trying to sell. Klimov runs one of 98,000 pick-up points in Russia and neigh...

August 7, 2026 12:44 PM

FCNR(B) Scheme mobilises $41 billion so far; inflows may touch $100 billion by September: Jefferies

The Reserve Bank of India's (RBI) Foreign Currency Non-Resident Bank [FCNR(B)] deposit scheme has mobilised nearly USD 41 billion in inflows so far and is expected to attract USD 80-100 billion by the time it closes on September 30, according to a re...

August 7, 2026 10:34 AM

Sensex, Nifty open lower amid rise in crude oil prices

Domestic equity markets open on mildly negative note on Friday amid surge in crude oil prices and following global cues ahead of key US economic data. Sensex opened at 78,516.08, down 438.68 points or 0.56 per cent, while Nifty decreased by 97.10 po...

August 7, 2026 9:23 AM

Asian shares pause for US jobs, oil extends gains on Middle East risk

Asian shares held their breath on Friday for U.S. jobs data that could prove pivotal for next month's interest-rate decision by the Federal Reserve, while rising oil prices served as a reminder that Middle East tensions remain far from resolved. MSC...