DDIndia Business: Economic Headlines & Updates

Business

April 22, 2025 12:55 PM

HD Kumaraswamy welcomes 12% safeguard duty on imported steel flat products

Union Minister for Heavy Industries and Steel, H. D. Kumaraswamy, has welcomed the Finance Ministry’s decision to impose a 12% safeguard duty on imported non-alloy and alloy steel flat products, calling it a move that will bolster the domestic indu...

April 22, 2025 11:52 AM

India’s DBT system yields Rs. 3.48 lakh crore in savings, boosts welfare efficiency: report

India’s Direct Benefit Transfer (DBT) system has resulted in cumulative savings of Rs. 3.48 lakh crore by plugging leakages in welfare delivery, reveals a new report by the BlueKraft Digital Foundation. The findings, endorsed by the Ministry of Fin...

April 22, 2025 10:30 AM

Indian stock market opens higher, Sensex above 79,500

India's benchmark indices opened marginally higher on Tuesday amid positive global cues, with buying seen in the auto, PSU bank, and financial services sectors during early trade. As of around 9:34 a.m., the Sensex was trading 134.87 points, or 0.17...

April 22, 2025 9:15 AM

India and Saudi Arabia hold meeting of High-Level Task Force on Investments, ahead of PM Modi’s visit

India-Saudi Arabia High Level Task Force on Investments held its meeting in Riyadh on Monday, ahead of Prime Minister Narendra Modi's visit to Jeddah from April 22 to April 23. According to the Indian Embassy in Saudi Arabia, the meeting was co-chair...

April 21, 2025 5:16 PM

US stock futures fall as Trump escalates attacks on Fed Chair Powell

U.S. stock index futures dropped on Monday, as President Donald Trump's attacks on Federal Reserve Chair Jerome Powell sparked worries about the central bank's independence, rattling investors already grappling with an escalating trade war. On F...

April 21, 2025 4:42 PM

Sensex surges 855 points; banks, IT lead market rally

Extending its winning streak for the fifth consecutive session, the Indian stock market closed sharply higher on Monday, driven by strong gains in banking, IT, and auto stocks. The Sensex jumped 855.30 points, or 1.09%, to settle at 79,408.50, w...

April 21, 2025 3:52 PM

India’s leather, footwear exports jump 25 pc to $5.7 billion in FY25

India's leather and non-leather footwear exports have seen a significant rise of nearly 25 per cent in the 2024-25 financial year (FY25), reaching $5.7 billion, a new report said on Monday. The industry is expected to surpass the $6.5 billion mark i...

April 21, 2025 3:41 PM

Gold hits record ₹96,805, may soon cross ₹1 lakh

Gold prices in India hit a new all-time high of ₹96,805 per 10 grams on Monday on the Multi Commodity Exchange (MCX), driven by global trade tensions and a weakening US dollar. By 1:30 PM, the MCX Gold June 5 contract was trading 1.65% higher ...

April 21, 2025 2:45 PM

Single family offices in Asia-Pacific to reach 3,200 by 2030, India a bright spot

In the Asia Pacific region, single-family offices have grown to 2,290 (surged by 28 per cent since 2019) and the region is expected to outpace North America moving forward, growing 40 per cent to reach 3,200 offices by 2030, a report showed on Monday...

April 21, 2025 10:46 AM

China warns countries against striking trade deals with US at its expense

China on Monday accused Washington of abusing tariffs and warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiralling trade war between the world's two biggest economies....