DDIndia Business: Economic Headlines & Updates

Business

December 16, 2024 1:38 PM

Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin, the worl...

December 16, 2024 1:23 PM

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

India’s economy has shown strong performance as it closes out 2024, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the highest expansion in economic activity since August 2024, acco...

December 16, 2024 12:58 PM

Sri Lankan President Anura Kumara Dissanayake accorded ceremonial welcome at Rashtrapati Bhavan

Sri Lankan President Anura Kumara Dissanayake was accorded a ceremonial reception at the Rashtrapati Bhavan in New Delhi on Monday, marking the second day of his state visit to India. President Droupadi Murmu and Prime Minister Narendra Modi welcome...

December 16, 2024 11:40 AM

China’s fragile recovery: industrial gains, sluggish retail, and stimulus pressure as U.S. tariffs loom

China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more U.S. trade tariffs under a second Trump administration. The...

December 15, 2024 4:50 PM

Indian SCBs post record net profit of ₹23.50 lakh crore in FY24, reduce NPAs

Scheduled Commercial Banks (SCBs) in India have achieved a significant milestone by recording the highest-ever aggregate net profit of ₹23.50 lakh crore in FY2023-24, compared to ₹22.63 lakh crore in FY2022-23, according to the Ministry of Financ...

December 14, 2024 3:55 PM

48 crore Indians enrolled in ₹2 lakh accident insurance under PMSBY: Finance Ministry

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has provided life insurance coverage of ₹2 lakh to over 21 crore beneficiaries, ensuring financial security for families during times of uncertainty, the finance ministry said on Saturday. In a ...

December 13, 2024 7:13 PM

SEBI proposes expanding algo trading to retail investors

The Securities and Exchange Board of India (SEBI) has proposed a significant move to allow retail investors to engage in algorithmic (algo) trading, a system that utilizes computer algorithms to execute programmed orders on the stock market. This pro...

December 13, 2024 5:41 PM

Sensex, Nifty end week strong

The Indian stock markets experienced a sharp rebound on Friday, reversing early-day losses to end the week on a positive note with modest gains. The Sensex surged by 843.16 points, or 1.04%, closing at 82,133.12 points, while the Nifty rose by 219.60...

December 13, 2024 4:53 PM

Passenger vehicle sales reach all-time high in November: SIAM Report

The Indian passenger vehicle market reached its highest-ever sales figures in November 2023, with 3.34 lakh units sold. This represents a year-on-year growth of 3.7 percent compared to November 2022, when sales stood at 3.22 lakh units. The data was ...

December 13, 2024 1:39 PM

RBI gets bomb threat in email written in Russian

The Reserve Bank of India (RBI) received a bomb threat via email on Friday. The email, written in Russian, was sent to the official RBI website and threatened to blow up the building with explosives. In response, the Mumbai Police have registered a ...