DDIndia Business: Economic Headlines & Updates

Business

July 7, 2025 1:12 PM

Oil tumbles as OPEC+ hikes August output more than expected

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations. Brent crude futures LC...

July 7, 2025 12:17 PM

Trump says US nears trade deals as tariff deadline delayed

The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Since taking o...

July 7, 2025 3:41 AM

India has never faced fuel shortage, says Hardeep Puri

Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplie...

July 4, 2025 5:04 PM

World food prices tick higher in June, led by meat and vegetable oils

Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of ...

July 4, 2025 4:52 PM

Indian stock market settles in green amid hopes for potential India-US trade deal

After a highly volatile session, the Indian stock market ended in the green on Friday, supported by value buying in IT and banking stocks as talks progressed on an interim India-US trade deal. Touching an intra-day low of 83,015, the Sensex bounced ...

July 4, 2025 3:53 PM

Government extends NPS tax benefits to new Unified Pension Scheme

The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS). The decision aims to make the Unified Pension Sche...

July 4, 2025 1:49 PM

SAIL opens representative office in Dubai to strengthen global presence

In a move to strengthen its international presence, Steel Authority of India Limited (SAIL), one of India’s largest steel producers, inaugurated its Representative Office in Dubai on Wednesday. The office was officially inaugurated by Union Minist...

July 4, 2025 1:05 PM

Trump eyes simple tariff rates over complex talks, says letters going out Friday

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals. Acknowledg...

July 4, 2025 10:30 AM

Indian stock market opens marginally higher, Nifty above 25,400

The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, with early buying seen in the IT, PSU bank and financial services sectors. At around 9:34 am, the Sensex was trading 32.52 points, or 0.04 per cent, higher at ...

July 4, 2025 4:23 PM

PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured ...