DDIndia Business: Economic Headlines & Updates

Business

January 15, 2025 5:07 PM

TikTok executive alleges forced oath to support China’s “socialist system”

A former TikTok executive has alleged that she was required to pledge support for China's "socialist system" and national interests, as revealed in a lawsuit and documents obtained by the Daily Caller News Foundation. Katie Puris, who served as TikT...

January 15, 2025 4:17 PM

Indian stock markets end higher, realty sector posts gains

India’s benchmark stock indices closed higher on Wednesday, driven by gains in the realty sector, which rose by 1.39%. The BSE Sensex ended at 76,724.08, gaining 224.45 points or 0.29%, while the NSE Nifty closed at 23,213.20, up by 37.15 points or...

January 14, 2025 7:51 PM

India’s automobile sales hit record 2.5 crore units in 2024, marking 11.6% growth

India's automobile sales recorded an 11.6% increase in 2024, reaching an all-time high of 2.5 crore units compared to 2.3 crore units in 2023, as per data from the Society of Indian Automobile Manufacturers (SIAM). The surge consolidates India's posi...

January 14, 2025 4:47 PM

Indian equity market closes higher amid global and domestic positivity

The Indian stock market closed on a positive note on Tuesday, supported by favorable domestic and global factors. The Sensex ended 169.62 points higher, or 0.22%, at 76,499.63, while the Nifty gained 90.10 points, or 0.39%, to close at 23,176.05. A...

January 14, 2025 4:47 PM

Future Minerals Forum opens in Riyadh

The Future Minerals Forum (FMF) 2025 commenced today in Riyadh, bringing together representatives from the mining industry from over 85 countries to address critical challenges in the mineral sector. Union Minister of Coal and Mines, G Kishan Reddy, ...

January 14, 2025 4:26 PM

European stocks, Wall St futures climb as US inflation data awaited

European stocks and U.S. futures rose on Tuesday as a sell-off in bond markets moderated, although investors remained cautious ahead of U.S. inflation data on Wednesday and the start of U.S. President-elect Donald Trump's second term in office next w...

January 14, 2025 1:23 PM

Net direct tax collections surge 16% to ₹16.90 lakh crore in FY25

India’s net direct tax collections recorded a robust 15.88% jump to ₹16.90 lakh crore during April 1, 2024–January 12, 2025, compared to the same period of the previous financial year, according to the latest figures compiled by the Income Tax ...

January 14, 2025 12:51 PM

India’s GDP growth likely to reach 6.7% next fiscal: Crisil

India’s gross domestic product (GDP) growth is projected to improve to 6.7% in the next fiscal year (FY25), according to a Crisil Intelligence report. The report noted that a sustained decline in food inflation, combined with stable non-food inflat...

January 14, 2025 12:46 PM

Banks hike interest rates on FDs amid fierce competition for deposits

Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of gettin...

January 14, 2025 10:40 AM

Sensex, Nifty open higher; HCLTech shares plunge 9 percent

India’s benchmark indices opened higher on Tuesday, with the Nifty 50 gaining 113.60 points to 23,199.55 and the Sensex adding 370.21 points to 76,700.22 by 9:16 AM. However, shares of HCLTech tumbled 9 percent in early trade after its Q3 earnings...