DDIndia Business: Economic Headlines & Updates

Business

December 6, 2024 4:29 PM

Indian indices closes flat after RBI MPC decisions

The Indian stock market closed flat on Friday after the announcement of the RBI's Monetary Policy Committee (MPC) decisions on repo and CRR rates, as selling was seen in IT, financial services, and pharma sectors and buying was seen in auto and metal...

December 6, 2024 4:01 PM

Centre gears up to make hallmarking mandatory for gold bullion

The government is preparing to make hallmarking mandatory for gold bullion, a move aimed at ensuring the purity of gold products and protecting consumers from potential quality issues, said Consumer Affairs Secretary Nidhi Khare on Friday. To date, ...

December 6, 2024 3:32 PM

RBI hikes interest rates on NRI foreign currency deposits

The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the ...

December 6, 2024 3:18 PM

FII selling slows in November 2024 as Indian markets stabilize after October fall: report

Foreign Institutional Investor (FII) outflows from Indian markets saw a significant reduction in November 2024, following a steep market correction in October. The Nifty 50 index had experienced a sharp 6 percent decline in October, closing 8 percent...

December 6, 2024 12:10 PM

RBI Increases Collateral-Free Loan Limit for Farmers to Rs 2 Lakh

The Reserve Bank of India (RBI) has increased the limit for collateral-free loans available to farmers from Rs 1.6 lakh to Rs 2 lakh per borrower. This decision was announced by Governor Shaktikanta Das after the conclusion of the Monetary Policy Com...

December 6, 2024 10:53 AM

RBI holds repo rate at 6.5%, cuts FY25 GDP forecast to 6.6%

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive period, maintaining its neutral monetary policy stance. The decision, made by a 4:2 majority during the Monetary Policy Committee (MPC) m...

December 6, 2024 10:51 AM

Indian stock market opens flat ahead of RBI MPC decision

The Indian stock market opened flat on Friday ahead of the announcement of the RBI’s monetary policy committee (MPC) meeting. The market is keeping a close eye on the decision around repo and CRR rates. At around 9:23 am, Sensex was trading at 81,...

December 6, 2024 10:15 AM

World Bank wins pledges for $100 bln replenishment of fund for poorest countries

Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World...

December 5, 2024 10:57 PM

India in advantageous position to deepen ties with potential Trump second term: EAM Jaishankar

India is in a "much more advantageous position" compared to many other countries to build deeper relations with a potential Donald Trump second term in the US, External Affairs Minister Dr. S. Jaishankar said on Thursday. Speaking at the ASSOCHAM 'V...

December 5, 2024 8:59 PM

India wins global award for social security initiatives

India has been awarded the prestigious International Social Security Association (ISSA) Good Practice Award for Asia and the Pacific 2024. The award, presented by ISSA President Dr. Mohammed Azman, was conferred during the Regional Social Security Fo...