DDIndia Business: Economic Headlines & Updates

Business

July 24, 2025 4:03 PM

India’s banking sector slated for key turnaround in Q3: Report

The third quarter (Q3) of FY26 is likely to mark a turning point for India’s banking sector, as net interest margins (NIMs) are expected to stabilise and earnings begin to recover, a new report said on Thursday. This positive outlook is supported ...

July 24, 2025 2:21 PM

India Celebrates Income Tax Day 2025: A tribute to digital transformation and taxpayer empowerment

India today commemorates Income Tax Day, marking the 166th anniversary of the introduction of income tax in the country. Celebrated every year on July 24, the day acknowledges the evolution of India’s tax system and its pivotal role in nation-build...

July 25, 2025 12:35 PM

Manufacturing drives India’s flash PMI to 60.7 in July, private sector shows robust growth

India's private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers' Index (PMI) showed on Thursday. The headline HSBC Flash India Composite PMI Output Index, com...

July 24, 2025 11:43 AM

Markets open flat; IT, midcap stocks under pressure amid mixed global cues

The Indian stock market opened flat on Thursday as IT companies came under selling pressure amid mixed global cues. At 9:28 a.m., the Sensex slipped 110 points or 0.13 per cent to 82,615, and the Nifty declined 13 points or 0.05 per cent to 25,206. ...

July 23, 2025 6:55 PM

Mobile phone exports rise 127 times in a decade, says govt

India’s mobile manufacturing sector has witnessed an extraordinary transformation over the past decade, driven by the government’s Production Linked Incentive (PLI) Scheme and other policy reforms. Mobile phone exports from India surged from ₹1...

July 23, 2025 4:50 PM

Govt clears six semiconductor projects worth ₹1.55 lakh crore, over 27,000 jobs on cards

The Centre has so far approved six semiconductor manufacturing projects, entailing a cumulative investment of around ₹1.55 lakh crore. These are expected to generate over 27,000 direct jobs, the Parliament was informed on Wednesday. Minister of St...

July 23, 2025 4:46 PM

Indian stock market surges amid value buying, Sensex jumps 540 points

The Indian stock market settled in positive territory on Wednesday following buying in banking, financial services, automobiles and healthcare sectors amid positive global cues surrounding the US-Japan trade pact. Sensex closed at 82,726.64, up 539....

July 23, 2025 4:29 PM

ADB projects India’s GDP to grow at 6.5% in 2025, 6.7% in 2026 amid strong domestic demand

The Asian Development Bank (ADB) on Wednesday projected that India’s GDP will grow at 6.5% in 2025 and a robust 6.7% in 2026, driven by strong domestic demand, a normal monsoon, and monetary easing. Inflation in India is expected to stay well with...

July 23, 2025 3:41 PM

India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

India has approximately 7.23 million tonnes of rare earth elements oxide (REO) contained in 13.15 MT monazite (a mineral of Thorium and Rare Earths) occurring in the coastal beach, teri and red sand and inland alluvium in parts of Andhra Pradesh, Odi...

July 23, 2025 3:23 PM

India to be third-largest economy by 2028: Morgan Stanley

India is expected to become the world’s third-largest economy by 2028 and more than double its GDP to $10.6 trillion by 2035, according to a Morgan Stanley report released on Wednesday. The report estimates that three to five Indian states — inc...