DDIndia Business: Economic Headlines & Updates

Business

December 5, 2024 7:37 PM

Job opportunities to rise by 7.5% in Indian fintech industry: report

Job opportunities in India’s fintech industry are projected to grow by 7.5% amid the widespread adoption of digital payments, blockchain innovations, and the expansion of open banking systems, according to a report released on Thursday. The bankin...

December 5, 2024 4:59 PM

Indian indices close higher amid volatility

Indian stock markets ended higher on Thursday, driven by buying in heavyweight IT stocks. The Sensex closed at 81,765, gaining 809.53 points, or 1 percent, while the Nifty settled at 24,708.40, up by 240.95 points, or 0.98 percent. Intraday, the Sen...

December 5, 2024 4:22 PM

India adopted meticulous approach to FTAs to safeguard interests of MSMEs: EAM Jaishankar

India has adopted a careful and calculated strategy in its approach to Free Trade Agreements (FTAs), prioritizing the protection of Micro, Small, and Medium Enterprises (MSMEs) and farmers, said External Affairs Minister S. Jaishankar. Jaishankar ex...

December 5, 2024 4:13 PM

Global companies likely to be affected by Trump’s promised tariffs

President-elect Donald Trump in late November pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars. Here are companies that ...

December 5, 2024 3:50 PM

Govt setting up 20 new industrial townships nationwide: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said on Thursday that the government is setting up 20 new industrial townships across the country, one of which has already started in Noida. "A lot is happening, and with the active participation of indus...

December 5, 2024 10:31 AM

Nifty, Sensex open flat amid MPC meeting; focus on inflation and growth

Indian stock markets opened with marginal gains today as selling pressure eased and foreign investors continued buying. The Nifty 50 index began trading at 24,539.15 points, rising by 71.70 points or 0.29 percent. The BSE Sensex opened at 81,182.74 p...

December 5, 2024 9:35 AM

Bitcoin tops $100,000 on optimism over Trump crypto plans

Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. ...

December 4, 2024 7:26 PM

Nepal’s Industry Minister Bhandari meets India’s Piyush Goyal to attract Indian investment

Nepal's Minister for Industry, Commerce, and Supplies, Damodar Bhandari, met India’s Minister for Commerce and Industry, Piyush Goyal, in New Delhi on Monday to discuss matters of bilateral trade and investment. During the meeting, Minister Bhanda...

December 4, 2024 5:26 PM

Stock market ends higher, outlook remains positive

Indian indices closed higher on Wednesday, with gains in defence stocks and robust growth in the services sector providing support. The Sensex surged by 110.58 points to end at 80,956.33, while the Nifty rose marginally by 2.35 points, settling at 24...

December 4, 2024 3:34 PM

India’s services sector employment grew at fastest pace since 2005

India's service sector maintained its strong momentum in November 2024, with employment in the sector achieving its highest growth rate since the survey's inception in 2005. Pranjul Bhandari, Chief India Economist at HSBC, said "During November, ser...