DDIndia Business: Economic Headlines & Updates

Business

December 1, 2024 11:45 AM

Trump threatens 100 per cent tariffs against BRICS countries if they develop own currency

US President-Elect Donald Trump has threatened to impose 100 per cent tariffs on BRICS countries if they develop a new currency or adopt another to replace "the mighty dollar" and effectively bar them from American markets. "There is no chance that ...

December 1, 2024 10:50 AM

Interim govt failed to tackle law and order situation: Business leaders of Bangladesh

In Bangladesh, the interim government has failed to tackle the country's law and order situation, business leaders said on Saturday. It will be difficult to maintain the economy if the situation does not improve soon, they expressed concerns at a b...

November 30, 2024 9:33 AM

Nepal hosts Plast Nepal 2024 and GeoMandu 2024, focusing on business growth and sustainable infrastructure

Kathmandu recently witnessed two significant international events, underscoring the country's growing focus on economic development and sustainability. The 4th Edition of Plast Nepal 2024 and the second edition of GeoMandu 2024 brought together profe...

November 29, 2024 9:15 PM

Manufacturing and services to dominate workforce and GDP by 2047: report

The ASSOCHAM-Egrow report has projected that India’s economic transformation by 2047 will be driven by the manufacturing and services sectors, which are expected to employ 67% of the workforce and contribute 75% of the country’s GDP. This shift u...

November 29, 2024 6:55 PM

Govt proposes to increase FDI limit in insurance sector to 100%, seeks public comments

The central government has announced several proposals aimed at reforming the insurance sector, including raising the Foreign Direct Investment (FDI) limit for Indian insurance companies from 74% to 100%. The move is part of broader efforts to foster...

November 29, 2024 5:44 PM

India records 5.4% GDP growth in Q2, remains the fastest growing major economy

India’s economy recorded a 5.4% GDP growth for the second quarter (July-September) of the current fiscal year, according to data released by the Ministry of Statistics. Despite challenges in sectors like manufacturing, which saw a growth rate of ju...

November 29, 2024 4:35 PM

India’s real estate sector growth outlook firms up: report

There is rising confidence in the growth of India’s real estate sector over the next six months, according to a Knight Frank-NAREDCO survey released on Friday. In the residential market, optimism prevails as 62 per cent of respondents anticipate a...

November 29, 2024 4:07 PM

Sensex jumps over 700 points ahead of Q2 GDP data release

Indian stock markets ended the week on a positive note, with major indices experiencing significant gains ahead of the release of Q2 GDP data. On Friday, the BSE Sensex surged by 702.50 points, closing at 79,746.24, while the Nifty index rose by 216....

November 29, 2024 4:05 PM

Govt launches PAN 2.0: A digital overhaul of taxpayer services

In a bid to modernize India’s financial ecosystem, the Ministry of Finance has unveiled PAN 2.0, a transformative upgrade to the Permanent Account Number (PAN) system. The initiative aims to simplify taxpayer services while enhancing efficiency and...

November 29, 2024 2:40 PM

World markets head for reality check after month of Trump

November was a month of clear winners and losers from Donald Trump's Nov. 5 U.S. election victory. Trump trades, essentially punishing tariff-sensitive assets from European exporters to Mexico's peso and driving investment towards U.S. stocks an...