DDIndia Business: Economic Headlines & Updates

Business

March 28, 2025 5:13 PM

Cabinet approves Rs. 22,919 crore scheme to strengthen India’s electronics component manufacturing

The Union Cabinet on Friday has approved the Electronics Component Manufacturing Scheme with a funding of Rs. 22,919 crore, aimed at making India self-reliant in the electronics supply chain. This initiative seeks to create a robust ecosystem by attr...

March 28, 2025 4:30 PM

India least exposed to US tariffs due to domestic demand strength: Morgan Stanley

India and Japan are the least exposed economies to US trade tariffs due to their strong domestic demand, a Morgan Stanley report said on Friday. The report highlights that the ratio of goods exports to GDP is a crucial metric in assessing an economy�...

March 28, 2025 12:01 AM

PM Modi discusses deepening India-Belgium ties with King Philippe

Prime Minister Narendra Modi on Thursday spoke with King Philippe of Belgium, reaffirming the commitment to strengthening bilateral relations between India and Belgium. The conversation focused on boosting trade and investment, as well as advancing c...

March 27, 2025 8:43 PM

India strengthens global position in technical textiles with strategic initiatives

India’s textile industry continues to be a key pillar of the national economy, contributing nearly 2% to the country’s GDP. As the sixth-largest textile exporter globally, with a 3.9% share in world textile exports, the sector is poised for signi...

March 27, 2025 8:10 PM

Over 42,800 food processing units registered under Central government’s incentive schemes: Minister

As many as 42,801 food processing industries have been registered across the country to promote and ensure the overall development of the sector under various government schemes, the Parliament was informed on Thursday. The Ministry of Food Processi...

March 27, 2025 5:11 PM

Shivraj Singh Chouhan urges state govts to ensure no purchase of agricultural produce below MSP

Union Agriculture Minister Shivraj Singh Chouhan reaffirmed the Modi government's commitment to farmers' welfare, stressing that no agricultural produce will be purchased below the Minimum Support Price (MSP). In a press briefing on Thursday, Chouhan...

March 27, 2025 4:41 PM

Sensex rises 318 points, Nifty nears 23,600 on expiry day

The Indian stock market ended on a strong note on Thursday, with both the Sensex and Nifty closing higher. The 30-share Sensex gained 317.93 points, or 0.41 per cent, settling at 77,606.43. During the session, it touched an intra-day high of 77,747.4...

March 27, 2025 2:24 PM

BIS cracks down on e-commerce giants for selling substandard products

The Bureau of Indian Standards (BIS) has intensified its enforcement actions against e-commerce platforms, with a series of raids aimed at cracking down on the sale of substandard products in violation of Quality Control Orders, according to an offic...

March 27, 2025 1:41 PM

Italy seeks payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in the last formal step in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on ...

March 27, 2025 12:02 PM

Trump says he may give China reduction in tariffs to get TikTok deal done

U.S. President Donald Trump said on Wednesday he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans. ByteDance has an April 5 deadline to fi...