DDIndia Business: Economic Headlines & Updates

Business

April 16, 2025 4:42 PM

Sensex rises for third day; Nifty near 23,450 as banks lead rally

Indian stock markets continued their upward trend for the third straight session on Wednesday, supported by strong buying in financial stocks, especially private banks, and select oil and gas shares. The Sensex opened 262 points higher at 76,996 but...

April 16, 2025 4:20 PM

Gold hits new high, climbs over Rs 95,000 on MCX

Gold prices on the Multi Commodity Exchange of India (MCX) surged to yet another record high on Wednesday, fueled by a weakening US dollar and escalating global trade tensions. As of 3:07 PM, gold was trading at ₹95,172 per 10 grams, after reaching...

April 16, 2025 3:16 PM

China Q1 GDP growth tops expectations, but US tariff shock looms large

China's first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift sharply lower as U.S. tariffs pose the biggest risk to the Asian powerhouse in decades. Pr...

April 16, 2025 1:22 PM

India one of preferred markets with resilient macro conditions: Morgan Stanley

A Morgan Stanley report released on Wednesday identified India as one of its top equity market picks, citing resilient macroeconomic conditions and adequate stimulus support. In the context of the "Brave New World" dynamic shaping the early phase of...

April 16, 2025 12:22 PM

India’s FY25 exports up 5.5% to $821 billion; March sees 2.65% rise

India’s cumulative exports for the financial year 2024–25 (April–March) rose by 5.5% to $820.93 billion, up from $778.13 billion in the previous year, driven by strong performances in key sectors, according to data released by the Ministry of C...

April 16, 2025 10:17 AM

Indian stock market opens flat, Sensex above 76,700

The domestic benchmark indices opened flat on Wednesday amid weak global cues, with selling pressure seen in the IT and auto sectors during early trade. As of 9:29 a.m., the Sensex was trading 23.12 points or 0.03% higher at 76,758.01, while the Nif...

April 16, 2025 9:11 AM

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed tha...

April 15, 2025 10:19 PM

India targets 10% global market share in power tools, 25% in hand tools

India is aiming to significantly expand its footprint in the global hand and power tools market, with a target of achieving $25 billion in exports over the next decade. According to a new report released by NITI Aayog on Tuesday, the country could po...

April 15, 2025 8:30 PM

Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed

Apple's main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as the U.S. company airlifted devices to bypass President Donald Trump's impending tariffs, customs data shows. ...

April 15, 2025 7:38 PM

IREDA reports 49% surge in Q4 net profit, reaches ₹502 crore

The Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a robust 49% increase in its net profit, reaching ₹502 crore for the January-March quarter of financial year 2024-25, compared to ₹337 crore in the same quarter of the previ...