DDIndia Business: Economic Headlines & Updates

Business

January 2, 2025 5:23 PM

Govt unveils Rs 1 lakh crore plan to transform Delhi’s infrastructure, reduce pollution: Gadkari

The Union government is set to implement infrastructure projects worth Rs 1 lakh crore to transform Delhi, Union Minister for Road Transport and Highways Nitin Gadkari announced on Thursday. Gadkari said, "I promise you that works worth Rs 1 lakh cr...

January 2, 2025 4:51 PM

In Norway, nearly all new cars sold in 2024 were fully electric

Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025. Fully electric vehicles a...

January 2, 2025 5:15 PM

Indian economy in robust spot globally in 2025 with high frequency indicators picking up growth

As 2025 begins amidst heightened global uncertainties, India continues to be in a much stronger position with high-frequency indicators showing a pick-up in the pace of growth in the third quarter of the current fiscal (Q3 FY25), according to a repor...

January 2, 2025 3:55 PM

India accounts for 3.9% of global textiles and apparel trade

India has solidified its position as the sixth-largest exporter of textiles and apparel worldwide, holding a 3.9% share in global trade. This sector also makes up 8.21% of India's total exports, highlighting its crucial role in the global textile sup...

January 2, 2025 4:53 PM

Indian markets close strong: Sensex up 1,400 points, Nifty near 24,200

Indian stock markets started the new year on a strong note as the Sensex surged by 1,400 points and the Nifty ended around 24,200 on January 2, driven by broad-based buying across sectors. Sensex closed at 79,943.71, reflecting an increase of 1,436....

January 2, 2025 3:50 PM

Sensex climbs over 1200, Nifty gains 369 points in positive market trend

Indian stock market surged by nearly 1.6 per cent in afternoon trade on Thursday as heavy buying was seen in auto, energy, private bank, infra, commodity and IT sectors on Nifty. At around 1.39 pm, Sensex was trading at 79,766.88 after rising 1,259....

January 2, 2025 2:02 PM

India’s manufacturing sector sees robust job growth; December PMI at 56.4

India’s manufacturing sector displayed resilience in December 2024, recording its tenth consecutive month of employment growth and achieving the fastest pace of job creation in four months, according to the HSBC India Manufacturing Purchasing Manag...

January 2, 2025 12:29 PM

Loan against gold on the rise; RBI flags concerns over irregular practices in gold lending

The Reserve Bank of India (RBI) has reported a sharp surge in gold loans across the country, reflecting an increasing dependence on gold as collateral to meet financial needs. According to the RBI's report, gold loans saw significant growth in the pe...

January 2, 2025 10:42 AM

PM Vishwakarma Scheme empowers 24.77 lakh artisans in 2024: MSME Ministry’s Year-End review

The Ministry of Micro, Small and Medium Enterprises (MSME) has concluded 2024 on a high note, with the PM Vishwakarma Scheme emerging as a standout initiative. Besides, several other schemes have also been launched by the MSME Ministry in the year 2...

January 2, 2025 10:06 AM

Market opens flat, Nifty shows marginal gains

The domestic benchmark indices opened flat on Thursday as selling was seen in the PSU bank, pharma, FMCG, realty, media, energy and metal sectors on Nifty. At around 9.31 am, Sensex was trading at 78,573.16 after rising 65.75 points or 0.08 per cent...