DDIndia Business: Economic Headlines & Updates

Business

November 24, 2024 4:21 PM

19 agritech soonicorns, 40 minicorns embracing emerging tech for business growth: RBI paper

The Indian agritech sector shows immense potential to bridge the technological gap in agriculture, with 19 agritech soonicorns and 40 minicorns leveraging emerging technologies like AI and innovative business models, according to a new Reserve Bank o...

November 24, 2024 1:29 PM

Mobile broadband market in Asia-Pacific to reach $296 billion by 2029

Driven by 5G service expansions, mobile broadband services revenue in the Asia-Pacific region is expected to grow at a compound annual growth rate (CAGR) of 5.2% from $229.6 billion in 2024 to $296.2 billion by 2029, according to a new report. This ...

November 23, 2024 10:17 PM

India’s bilateral trade with ASEAN sees 5.2% growth at $73 billion in April-Oct

India’s bilateral trade with the Association of Southeast Asian Nations (ASEAN) grew by 5.2% to reach $73 billion during the April-October period of this fiscal year, the government informed on Saturday. ASEAN is one of India’s major trade partn...

November 24, 2024 2:39 AM

MahaYuti’s landslide win a major boost to make Maharashtra a $1 trillion economy

With the Bharatiya Janata Party (BJP)-led MahaYuti on its way to a landslide victory in the Maharashtra Assembly polls, the state’s ambition to reach the target of a $1 trillion economy got a major fillip, as envisioned by Prime Minister Narendra M...

November 23, 2024 3:17 PM

With state elections over, Indian stock market heads for stability

Most of the state elections are now over, and the market may find stability as government spending will improve in the coming months to meet the FY25 capex target, market experts said on Saturday. The Indian benchmark indices recouped the current we...

November 22, 2024 8:51 PM

Bitcoin at record highs, sets sights on $100,000

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It ha...

November 22, 2024 7:12 PM

India’s foreign exchange reserves stand at $657.89 billion

India’s foreign exchange reserves stood at $657.89 billion while the gold component of the kitty was valued at $65.75 billion, as of November 15, according to official figures released by the RBI on Friday. India's foreign exchange reserves were a...

November 22, 2024 4:44 PM

Sensex and Nifty surge over 2% in biggest rally since June

Indian stock markets rebounded sharply on Friday, with both the Sensex and Nifty surging over 2 percent. The gains, driven by strong US labor market data and a broad recovery from oversold levels, marked a significant recovery in Indian equities. Th...

November 22, 2024 5:07 PM

India’s tech, durable offline retail market sees 10 percent growth amid rising rural consumption

Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a re...

November 22, 2024 1:19 PM

India’s business activity surges to 3-month high in Nov: report

India's business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. "Services saw a pick-up in growth, while the manufacturing sector...