DDIndia Business: Economic Headlines & Updates

Business

December 26, 2024 10:44 AM

India projected to witness 6.5 per cent real GDP growth in current, next fiscal: report

India is projected to witness 6.5 per cent real GDP growth in the current and next fiscal (FY25 and FY26), according to a report on Wednesday. This aligns with expectations, given the resilient economy and strong fundamentals. The latest 'EY Economy...

December 25, 2024 12:19 PM

NRI remittances surge to record $11.9 billion in April-Oct: RBI

Inflows into in non-resident Indian (NRI) deposit accounts surged to $11.9 billion in April-October during the current financial year, which is nearly twice the corresponding figure of $6.1 billion for the same period last year, the latest figures co...

December 24, 2024 8:07 PM

PM Modi meets economists ahead of Union Budget 2025-26

Prime Minister Narendra Modi held a brainstorming session with economists and sectoral experts on Monday to gather views and suggestions for the Union Budget for 2025-26. The meeting was attended by Finance Minister Nirmala Sitharaman, Niti Aayog Vic...

December 24, 2024 4:18 PM

Indian share market ends flat ahead of christmas

The Indian stock market closed flat on Tuesday, influenced by selling pressure in sectors like IT, financial services, pharmaceuticals, PSU banks, metals, and realty. At the end of the trading day, the Sensex closed at 78,472.87, marking a decline o...

December 24, 2024 4:14 PM

Indian firms record robust fundraising in 2024 equity market

The year 2024 witnessed Indian companies achieving a new milestone in capital markets by raising substantial funds through various avenues, including initial public offerings (IPOs), follow-on public offers (FPOs), qualified institutional placements ...

December 24, 2024 1:44 PM

India, ADB sign USD 500 million loan to support green, sustainable infrastructure projects

India and the Asian Development Bank (ADB) signed a USD 500 million loan to support green and sustainable infrastructure projects aligned with the country's climate commitments. The agreement was signed on December 20, and the ADB loan, with a sover...

December 23, 2024 4:55 PM

Stock market gains nearly 500 points amid positive global cues

After a week of losses, Indian equity markets closed on a positive note on Monday, buoyed by strong global cues. The domestic benchmark indices, Sensex and Nifty, rebounded after witnessing a near 5% decline over the past five consecutive trading ses...

December 23, 2024 4:44 PM

Inflation burden eases for farm and rural labourers

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for November this year declined to 5.35 per cent and 5.47 per cent respectively, compared to 7.37 per cent and 7.13 per cent in the same month last ye...

December 23, 2024 4:38 PM

What happens when Russian gas to Europe via Ukraine stops?

Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin on Sunday, a rare visit by a European Union leader to Moscow as a contract allowing for Russian gas to transit through Ukraine nears expiry. Ukrainian President Vo...