DDIndia Business: Economic Headlines & Updates

Business

November 18, 2024 11:10 AM

India-Brazil trade at USD 15 billion, huge potential: Executive Director, India-Brazil Chamber of Commerce

Executive Director of India-Brazil Chamber of Commerce Leonardo Ananda Gomes highlighted the successful bilateral trade between the two countries, which as of now has crossed the USD 15 billion mark. Gomes also highlighted Prime Minister Narendra Mo...

November 17, 2024 12:59 PM

Samsung top pick for retail investors after US election

Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday. Individuals purchased the chipmaker on bargain hunting for eight tradin...

November 16, 2024 12:54 PM

Bengaluru Tech Summit 2024 to host 2,500+ startup attendees

The 27th edition of the Bengaluru Tech Summit (BTS) 2024, organized by Karnataka's Electronics, IT, and Biotechnology Department, is set to take place from November 19-21 at Bengaluru Palace. BTS 2024 will host over 2,500 startup attendees, accordin...

November 15, 2024 10:46 AM

India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report

India’s GDP will expand 6.5-7 per cent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks' asset quality, according to a new report. India's infrastructure spendin...

November 14, 2024 5:12 PM

Venture debt funding boosts Indian fintech and EV startups: report

The venture debt market in India is steadily expanding, resembling the early days of venture capital, particularly in emerging sectors like fintech and electric vehicles (EVs), according to a report released Thursday. Indian founders are increasingl...

November 14, 2024 4:58 PM

Indian stock market extends losses for 6th consecutive session

India's benchmark stock indices slumped for the sixth consecutive session, closing at multi-month lows as persistent market pressures weighed on investor sentiment. The Sensex dropped by 110.64 points, or 0.14%, closing at 77,580.31, while the Nifty...

November 14, 2024 4:54 PM

India poised to surpass Japan in GDP ranking by 2025

India's gross domestic product could soon become larger than Japan's, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday. The article, published in Japan Times, is based on discussions with some economis...

November 14, 2024 3:34 PM

India’s lithium-ion battery import dependence to fall to 20% by FY27: CareEdge ratings report

India is making significant progress in reducing its reliance on imported lithium-ion (Li-ion) batteries, with the nation's import dependence projected to fall to just 20% by the financial year 2026-27, according to a report by CareEdge Ratings. At ...

November 14, 2024 3:06 PM

India’s WPI inflation rises to 2.36% in October amid higher food prices

India’s Wholesale Price Index (WPI)-based inflation rose to 2.36% in October 2024, compared to the same month in the previous year, the Ministry of Commerce and Industry said on Thursday. This increase is primarily driven by higher food prices, par...

November 14, 2024 12:53 PM

Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

The value of the global cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset c...