DDIndia Business: Economic Headlines & Updates

Business

January 27, 2025 1:32 PM

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. Powered by the DeepSeek-V3 model, which its creators say "tops the leaderboard amo...

January 27, 2025 11:31 AM

Investment announcements in India reach Rs 32.01 lakh crore in 9 months this fiscal

The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook, the government said ...

January 27, 2025 10:33 AM

Sensex, Nifty fall amid weak Q3 earnings, slump in Asian shares

India’s benchmark indices opened lower on Monday, pressured by disappointing third-quarter corporate earnings and a sharp decline in Asian shares, which weighed heavily on investor sentiment. The Sensex dropped 433 points, or 0.57 percent, to 75,7...

January 26, 2025 1:32 PM

Republic Day 2025: From ‘Lakhpati Didi’ initiative to ‘Evolution of Banking Services’, tableaux highlights India’s progress

A vibrant display of tableaux highlighted India's rich cultural heritage and remarkable progress across various sectors during the 76th Republic Day parade on Sunday. The tableaux, representing diverse states, union territories, and central ministrie...

January 26, 2025 11:28 AM

Centre notifies Unified Pension Scheme for government staff

The finance ministry on Saturday notified the operationalization of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for central government employees, effective from April 1. This new scheme will guarantee retirem...

January 25, 2025 3:43 PM

Union Budget: India Inc should match pace and intent of govt, says SBI report

India Inc should match the pace and intent of the central government in terms of visualising for the next 50 years, that has frontloaded building robust infrastructure across physical-technical-social space, ensuring traction among various income gro...

January 25, 2025 3:34 PM

India remains bright spot supported by strong macro fundamentals: Report

India continues to remain the bright spot globally, supported by its strong macro fundamentals and the government should focus on adherence to fiscal prudence and continue the fiscal consolidation path, a new report has suggested. Nominal GDP growth...

January 25, 2025 11:05 AM

WEF 2025: India grabs investment commitments worth over Rs 20 lakh crore

In a clear show of its economic strength amid geo-political uncertainties, India bagged investment commitments worth more than Rs 20 lakh crore at the annual World Economic Forum (WEF) summit in Davos this week. Maharashtra managed to get the bigges...

January 24, 2025 5:08 PM

Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings

India's large non-bank financial institutions (NBFIs) are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings. While softer economic conditions, tighter bank funding, and...

January 24, 2025 4:45 PM

Sensex, Nifty record weekly losses amid uncertain outlook

Indian stock markets declined during Friday's session, recording weekly losses across multiple sectors. Data from NSE revealed declines in sectors including auto, media, pharma, PSU banks, realty, healthcare, oil, and gas. The Sensex ended the day a...