DDIndia Business: Economic Headlines & Updates

Business

January 29, 2025 4:42 PM

RBI may take growth-oriented measures in February policy review: Jefferies

The Reserve Bank of India's (RBI) upcoming monetary policy committee meeting in February could focus on supporting economic growth, according to brokerage firm Jefferies. Jefferies said that the central bank’s policies might take a growth-supporti...

January 29, 2025 4:39 PM

Indian markets close higher for second straight session

The Indian stock market maintained its upward trajectory for the second consecutive session on Wednesday, with both the Sensex and Nifty closing higher. The Sensex rose by 631.55 points, or 0.83 per cent, to settle at 76,532.96 after reaching an int...

January 29, 2025 3:36 PM

Union Budget 2025 to support India’s $5 trillion economy target

The Union Budget 2025-26 is expected to play a role in advancing India's aim of becoming a $5 trillion economy by promoting policies focused on growth, equity, and efficiency. A pre-budget survey released on Wednesday indicated that economic confiden...

January 29, 2025 2:06 PM

Indian stock market opens higher, Nifty above 23,000

The domestic benchmark indices opened higher on Wednesday for the second day in a row, as investors look forward to positive cues in the upcoming Union Budget 2025–26. As of 9.33 a.m., Sensex was up 195 points or 0.29 per cent at 76,122 while Nift...

January 28, 2025 4:51 PM

Rising exports and expanding refining capacity boost India’s Petroleum Industry

India has experienced a surge in petroleum product exports over the past decade, with its refining capacity now exceeding 250 million metric tonnes per annum (MMTPA), enabling the country to meet global demand, according to a press release from the M...

January 28, 2025 4:28 PM

Indian stock market ends 2-day decline with positive gains

Indian stock markets rebounded on Tuesday after a two-day losing streak, supported by mixed global trends. The benchmark indices closed with gains as the BSE Sensex rose 592.19 points, or 0.79%, to end at 75,958.36, while the Nifty50 climbed 142.90 p...

January 28, 2025 2:49 PM

RBI may begin rate easing cycle with 25 bps cut, add durable liquidity: Morgan Stanley

The Reserve Bank of India (RBI) is expected to begin its rate easing cycle with a 25-basis point cut in interest rates at the Monetary Policy Committee (MPC) meeting scheduled for February 7, Morgan Stanley said on Tuesday, adding that the central ba...

January 28, 2025 2:21 PM

Semiconductor demand in India to reach 28 pc by 2026 end in AI era

The demand for semiconductors in India in the artificial intelligence (AI) era is likely to increase to 28 per cent by the end of 2026, close to the global expected demand of 29 per cent, according to a report on Tuesday. Majority of downstream orga...

January 28, 2025 2:05 PM

India’s major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads

India's 12 major ports, owned by the Central government, handled 72.2 million tonnes of cargo in December, recording a 3.22 per cent growth over the same month of the previous year. According to data compiled by the Ministry of Ports, Shipping and W...

January 28, 2025 12:44 PM

UPI’s share in India’s digital payments surged to 83%: RBI report

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable compound annual growth rate (CAGR) of 74 per cent over the last five years, ac...