DDIndia Business: Economic Headlines & Updates

Business

April 9, 2025 10:04 PM

Bank of India, UCO Bank cut lending rates after RBI repo rate slash

Hours after the Reserve Bank of India (RBI) announced a 25 basis point cut in the repo rate, two major public sector banks — Bank of India and UCO Bank — on Wednesday reduced their lending rates, bringing relief to both existing and new borrowers...

April 9, 2025 7:49 PM

China retaliates as Trump trade tariffs kick in

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump. Trump's "reciprocal" tarif...

April 9, 2025 4:28 PM

Sensex slips 380 points amid US Tariff concerns; RBI cuts repo rate to 6%

The Indian stock market ended in negative territory on Wednesday, weighed down by weak global cues and concerns over fresh US trade tariffs, despite a repo rate cut by the Reserve Bank of India (RBI). The central bank’s Monetary Policy Committee (...

April 9, 2025 4:00 PM

The Domino Effect of U.S. Tariffs: Why the world can’t ignore Trump’s tariff war

President Donald Trump’s latest tariff salvo has ignited a fierce global trade war, slapping a 10% baseline tariff on all U.S. imports, with steeper "reciprocal" duties of 104% on China, 49% on Cambodia, 46% on Vietnam, and 20% on the EU, targeting...

April 9, 2025 2:56 PM

Middle East Energy Exhibition showcases India’s strong presence amid global tech innovations

The 49th edition of Middle East Energy, supported by the UAE Ministry of Energy and Infrastructure, continued for a third day at Dubai World Trade Centre with significant international participation, including a notable presence from India. The India...

April 9, 2025 2:42 PM

EU countries set to approve first retaliation against U.S. tariffs

European Union countries are expected to approve on Wednesday the bloc's first countermeasures against U.S. President Donald Trump's tariffs, joining China and Canada in retaliating and escalating a conflict that could become a global trade war. The...

April 9, 2025 2:37 PM

RBI cuts inflation forecast to 4% for FY26 on improved food outlook

The Reserve Bank of India (RBI) has revised its inflation forecast for 2025-26 to 4.0%, down from 4.2%, citing a significant improvement in the food inflation outlook, RBI Governor Sanjay Malhotra said on Wednesday. “Headline inflation moderated i...

April 9, 2025 12:51 PM

S Jaishankar responds to Trump’s tariff comments, highlights India’s strategy for bilateral trade deal

External Affairs Minister (EAM) S. Jaishankar on Wednesday addressed the ongoing debate over the tariffs imposed by US President Donald Trump, emphasizing India’s clear strategy of engaging with the United States on a bilateral trade agreement. Spe...

April 9, 2025 10:56 AM

RBI revises FY25-26 GDP growth estimate to 6.5% amid tariff hurdles

India's real GDP growth forecast has been revised downwards to 6.5% for the current financial year 2025-26, from the earlier expectation of 6.7%, as highlighted by Reserve Bank of India (RBI) Governor Sanjay Malhotra during the policy announcement on...