DDIndia Business: Economic Headlines & Updates

Business

April 23, 2025 11:28 AM

IMF slashes global outlook as White House says trade talks pick up pace

Worldwide economic output will slow in the months ahead as U.S. President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeki...

April 23, 2025 11:26 AM

Sensex, Nifty open higher on global optimism; IT and auto stocks lead gains

India’s benchmark equity indices opened higher on Wednesday, tracking positive global cues and buoyed by strong buying in information technology (IT) and automobile stocks. At 9:32 a.m., the BSE Sensex was trading 536.4 points, or 0.67 percent, hi...

April 23, 2025 9:20 AM

PM Modi co-chaired strategic council with Saudi Crown Prince before rushing back to India

Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman held high-level bilateral talks in Jeddah and co-chaired the second meeting of the India-Saudi Arabia Strategic Partnership Council (SPC) on Tuesday before the PM left for India ...

April 22, 2025 9:12 PM

India eyes $25 billion export boost in hand and power tools sector by 2035

India is aiming to increase its exports of hand and power tools to over $25 billion by 2035, according to a report jointly released by NITI Aayog and the Foundation for Economic Development. The report, “Unlocking $25+ Billion Exports: India’s Ha...

April 22, 2025 6:21 PM

RBI issues revised LCR guidelines for banks, effective April 2026

The Reserve Bank of India (RBI) has released updated guidelines for the Liquidity Coverage Ratio (LCR), introducing key changes that will take effect from April 1, 2026. The revisions are aimed at strengthening the liquidity resilience of Indian bank...

April 22, 2025 4:46 PM

Sensex, Nifty extend winning streak for sixth day, rise nearly 8% in six sessions

The Indian stock market extended its winning streak for the sixth consecutive trading session on Tuesday, driven by strong performances in fast-moving consumer goods (FMCG) and private banking stocks. The Sensex opened on a positive note, rising...

April 22, 2025 4:22 PM

PLI pushes electronics exports from fifth to third-largest category: Ashwini Vaishnaw

India’s electronics exports have risen from the fifth-largest to the third-largest export category within a single fiscal year, driven by the transformative Production-Linked Incentive (PLI) scheme, Union Minister Ashwini Vaishnaw said on Tuesday. ...

April 22, 2025 2:43 PM

Gold hits Rs 1 lakh per 10 grams for the first time

Gold prices soared to an all-time high on Tuesday, with the rate of 24-carat gold touching Rs 1,00,000 per 10 grams for the first time ever. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold surged sharp...

April 22, 2025 12:55 PM

HD Kumaraswamy welcomes 12% safeguard duty on imported steel flat products

Union Minister for Heavy Industries and Steel, H. D. Kumaraswamy, has welcomed the Finance Ministry’s decision to impose a 12% safeguard duty on imported non-alloy and alloy steel flat products, calling it a move that will bolster the domestic indu...

April 22, 2025 11:52 AM

India’s DBT system yields Rs. 3.48 lakh crore in savings, boosts welfare efficiency: report

India’s Direct Benefit Transfer (DBT) system has resulted in cumulative savings of Rs. 3.48 lakh crore by plugging leakages in welfare delivery, reveals a new report by the BlueKraft Digital Foundation. The findings, endorsed by the Ministry of Fin...